Both will be a bit higher than previously projected. The salary cap will be set at $58.044 million and the luxury tax line will be $70.307 million. The Hawks currently owe around* $64.3 million to 10 players for 2010-11.
*Depending on the details of Joe Johnson's new contract. With this cap number, Johnson's 2010-11 salary could be as high as $17.4 million and the six-year value of his deal $131.8 million.
Also announced: the MLE will be $5.765 next season. Given minimum roster requirements, the Hawks, barring moves to shed some of their current obligations, would exceed the luxury tax line were they to use the full MLE.