The salary cap rose to $70 million for the 2015-16 season, an increase of 11 percent and nearly $7 million from a year ago, the NBA announced Wednesday night. The cap for next season originally was projected around $67.1 million. Shortly before free agency began, however, CBS Sports reported that the number would be at least $1 million higher and perhaps as much as $2 million higher. In fact, it is $3 million higher, the sort of anecdotal information that will
When the clock strikes 12 in several minutes, ending the moratorium period and beginning the feeding frenzy of free agency, these are the numbers NBA teams will be working with for the 2012-13 season as announced by the league Tuesday night: The salary cap will be $58.044 million. That is the same amount it was last season. The luxury tax threshold will be $70.307 million. That is also the same as last season. Any team whose payroll exceeds the threshold has to
From David Aldridge of NBA.com: “A source who has been briefed on the discussions between the two sides said Monday afternoon that the sides are close to an agreement on one “system” aspect that has proven troublesome — a new, shorter mid-level exception for free agents. Owners have sought a major reduction in the mid-level, one of the key ways that teams over the salary cap are nonetheless able to add players. Implemented in the 1999 CBA after players agreed to accept