ESPN: Salary cap and Luxury Tax set

hsb · Post #1 » by **hsb** » Wed Jul 9, 2008 3:24 am

http://sports.espn.go.com/nba/news/story?id=3479183

The NBA salaray cap for the 2008-09 season will be $58.68 million, ESPN.com has learned.

The figure was arrived at after daylong consultations between lawyers for the NBA and the players' union.

The luxury tax threshold will be $71.15 million, and the value of the mid-level exception will be $5.585 million. Over-the-cap teams can only offer the mid-level exception to free agents.

raleigh · Post #2 » by **raleigh** » Wed Jul 9, 2008 3:39 am

Thank you.

So, the Clips have the most money, around $13.5M, right?

GuyverX · Post #3 » by **GuyverX** » Wed Jul 9, 2008 3:47 am

Hey, free agents! We have the most money! Come and sign. Pretty please? :pray:

Wiz99 · Post #4 » by **Wiz99** » Wed Jul 9, 2008 3:50 am

mrhonline wrote:Thank you.

So, the Clips have the most money, around $13.5M, right?

Fat load of good that does them, now that everyone, including their two best players, are gone.

10scott10 · Post #5 » by **10scott10** » Wed Jul 9, 2008 3:52 am

wow, it actually went up quite a lot. i mean the luxury tax went up 4 mil. that will save owners about 8 mil a year.

GuyverX · Post #6 » by **GuyverX** » Wed Jul 9, 2008 3:52 am

Wiz99 wrote:
mrhonline wrote:Thank you.

So, the Clips have the most money, around $13.5M, right?

Fat load of good that does them, now that everyone, including their two best players, are gone.

I didn't know Chris Kaman is staying in Germany! This just keeps getting worse and worse.

deeney0 · Post #7 » by **deeney0** » Wed Jul 9, 2008 4:43 am

Those are both a little higher than expected. Almost twice as big a raise as between 2006-07 and 2007-08.