Re: labor negotiations

[Kim Malo <kmalo19@idt.net>]

At 11:06 PM 6/26/98 -0700, Mishra wrote:
<snip>
>Here is my take on the new CBA:
>The Cap money will go up the players % will stay the same
>A hard cap will be institiuted with a luxury tax, to provide escape route
>for
>teams like New York, LA etc.
>Larry Bird exemption is here to stay subject to the hard cap

Don't understand the last. The whole point of the Bird Exemption is that it
makes it a soft cap, by providing a means to exceed the cap. Without that,
it's not an exemption, because you can always re-sign your own eligible FA
to whatever money you have available under the cap. 

-Kim
Kim Malo
kmalo19@idt.net