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Is the 2010 Free Agent Market a Mirage?

The NBA is warning teams that the salary cap is going to crater in 2010-11 as the economy worsens. What does that mean for the 2010 free agent market? Nothing good. Teams will have less cap room than anticipated and free agents won't get what they want. Some might even sign extensions this summer...when things won't be as bad. So what's the alternative strategy? Going younger, stockpiling picks, surviving.