Why the tax matters now ... and later

The NBA dropped an absolute bombshell last month, and I'm still not sure everyone realizes how big it was.

So it's time for me to get the blinking neon lights and huge capital letters.

As our Marc Stein mentioned a month ago, way down of the last paragraph in the league's memo to teams on the salary cap was the little nugget that the league projects the 2010-11 salary cap will shrink sharply thanks to revenue decline projected for this coming season.