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ESPN: Salary cap and Luxury Tax set
Posted: Wed Jul 9, 2008 3:24 am
by hsb
http://sports.espn.go.com/nba/news/story?id=3479183The 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.
Re: ESPN: Salary cap and Luxury Tax set
Posted: Wed Jul 9, 2008 3:39 am
by raleigh
Thank you.
So, the Clips have the most money, around $13.5M, right?
Re: ESPN: Salary cap and Luxury Tax set
Posted: Wed Jul 9, 2008 3:47 am
by GuyverX
Hey, free agents! We have the most money! Come and sign. Pretty please?
Re: ESPN: Salary cap and Luxury Tax set
Posted: Wed Jul 9, 2008 3:50 am
by Wiz99
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.
Re: ESPN: Salary cap and Luxury Tax set
Posted: Wed Jul 9, 2008 3:52 am
by 10scott10
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.
Re: ESPN: Salary cap and Luxury Tax set
Posted: Wed Jul 9, 2008 3:52 am
by GuyverX
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.
Re: ESPN: Salary cap and Luxury Tax set
Posted: Wed Jul 9, 2008 4:43 am
by deeney0
Those are both a little higher than expected. Almost twice as big a raise as between 2006-07 and 2007-08.