Tuesday, July 10, 2012

Salary cap and luxury tax announced for 2013-2014 season

The NBA announced that the salary cap will remain at $58.044 million and the luxury tax threshold will be $70.307 million. The salary cap has been $58.044 million for the past 2 years. Any team who's salary passes the limit will have to pay $1 tax for ever dollar they pass the limit.

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