The Regime Posted July 8, 2010 Report Share Posted July 8, 2010 The National Basketball Association today announced that the Salary Cap for the 2010-11 season will be $58.044 million. The tax level for the 2010-11 season has been set at $70.307 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $70.307 million. The 2009-10 Salary Cap was $57.70 million and the tax level was $69.92 million. The new Salary Cap and tax level go into effect at 12:01 a.m. ET on Thursday, July 8, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades. The mid-level exception is $5.765 million for the 2010-11 season and the minimum team salary, which is set at 75% of the Salary Cap, is $43.533 million. http://realgm.com/src_wiretap_archives/67949/20100707/nba_sets_cap_at_$58044_million_for_10_11/ Quote Link to comment Share on other sites More sharing options...
Check my Stats Posted July 8, 2010 Report Share Posted July 8, 2010 So after all the speculation the past 2 years of it going down, it goes up? Ridiculous. Quote Link to comment Share on other sites More sharing options...
Guest STL10 Posted July 8, 2010 Report Share Posted July 8, 2010 So after all the speculation the past 2 years of it going down, it goes up? Ridiculous. Thanks to the Lakers vs. Boston Finals. Quote Link to comment Share on other sites More sharing options...
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