Basketball Prospectus: Unfiltered Everything Else is Fluff.

July 7, 2009

League fixes cap & tax figures

Filed under: Uncategorized — Bradford Doolittle @ 11:27 pm

Fresh off the AP wire: The NBA has set the salary cap and luxury tax thresholds for next season. As expected, both are lower than last year. The salary cap was fixed at $57.7 million, a drop of just short of a $1 million over last year. The luxury tax limit was set at $69.92 million. Every dollar over that is doubled, with the overpayment spread among the lower-earning teams. Last year’s number was $71.2 million. The mid-level exception was set at $5.85 million, which will be the amount that Rasheed Wallace earns from the Celtics this season.

With that bit of bean counting out of the way, teams can officially sign free agents beginning Wednesday.

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