1. He has a player option for a nice cool $15.8 million
2. Salary Cap 2009-10 - $57.7 million and luxury-tax line of $69.9 million.
3. Estimated Salary Cap 2010- 11 - Between $50.4 and $53.6 million and a luxury-tax line of $65 million.

http://members.cox.net/lmcoon/salarycap.htm

4. 2010 cap may limit signings

By Marc Stein
ESPN.com Archive

The NBA's ballyhooed free-agent summer of 2010 might have quietly taken another hit late Tuesday night.

In a memo announcing next season's salary cap and luxury-tax threshold, sent out shortly before the league's annual July moratorium on signings and trades was lifted at 12:01 a.m. ET Wednesday, NBA teams also received tentative projections from the league warning that the cap is estimated to drop to somewhere between $50.4 million and $53.6 million for the 2010-11 season.

Teams have been bracing for such significant reductions in the cap and luxury tax heading into the 2010-11 season, but seeing such numbers circulate was still jarring for many team officials.

"Real scary," one Western Conference executive said.

Said another from the West: "The figures for [2009-10] are better than I expected. It is [the summer of 2010] that will be scary."

So it also remains to be seen whether James, Miami's Dwyane Wade and Toronto's Chris Bosh -- all of whom are widely expected to pass on signing the contract extension each is eligible for this summer to ensure they'll have the opportunity to test free agency in 2010 and keep pressure on their teams to stay aggressive -- will reconsider that stance on extensions. It would appear that, even if those stars continue to wait, potential steep declines in cap space and the fact that more teams will be straying into luxury-tax territory than anticipated would improve their current teams' ability to retain them next summer.

http://sports.espn.go.com/nba/news/story?id=4312837

5. The Raptors will make the playoffs this season
6. CB4 really does love Toronto.