I don't know. On one hand it stops teams like the Lakers from fielding a $90 million payroll, and teams get to keep star players when they're "over the cap", but on the other hand it doesn't do anything to stop small market exodus which has gotten out of hand.
After offering a $45 million hard cap the past few months — an offer steadfastly rejected by the Players Association — Stern called the league’s new proposal a “flex cap’’ that would set a median salary cap at $62 million and eliminate the large disparity in spending among teams.
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This past season, the Los Angeles Lakers had the league’s highest payroll at $91 million, while the Sacramento Kings spent a league-low $44 million. The owners want to implement an “NHL-type’’ system, according to deputy commissioner Adam Silver, one that would allow teams to exceed the $62 million cap but would also place the financial onus on the players if the average payroll of all 30 teams exceeded $62 million.
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And of course Chris Paul is against it. "Man I have to join Carmelo and Amare in New York. How the hell can they afford me with this FLEX CAP? Man makes me want to chase my brother around with a knife again like when we were kids."
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7:54 – New Orleans happily grabs Chris Paul with the fourth pick, partly because he's the best player in the draft, partly because he's one of four people in this draft who could handle playing in New Orleans. "He will be the mayor of New Orleans!" Vitale screams. "Trust me! He will be the king of New Orleans!" Translation: He's going to hand out more beads than assists.
Meanwhile, Paul's brother CJ fondly remembers all the fights they had when they were kids – including the time Chris pulled a knife on him – adding, "it was all out of love, it was all out of love." Gotcha. CJ also reveals that he's going to live with Chris and serve as his manager and personal assistant. I can't believe he was available.
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