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The mid-level exception was $5.854 million for the season and the minimum team salary, which was set at 75% of the salary cap, was $43.275 million. [18] For the 2008–09 season, the salary cap was set at $58.68 million ($0.98 million), while the tax level was $71.15 million ($1.23 million). Although the league-wide revenue increased by 2.5% in ...
On July 7, the NBA announced that the salary cap for the 2010–11 season would be $58.044 million, an increase of $0.344 million from previous season's $57.70 million, and would go into effect on July 8 as the league's "moratorium period" had ended and teams could begin signing free agents and making trades. The increase came as a surprise as ...
The Miami Heat entered the 2010 NBA Free Agency period with nearly $46 million of salary cap space to spare, allowing the team to allocate enough financial resources to gain the ability to retain free agent and franchise player Dwyane Wade, as well as being able to pair him with two other perennial All-Stars and top-ranked NBA players at the time, LeBron James and Chris Bosh.
The collective bargaining agreement (CBA) of the National Basketball Association (NBA) is a contract between the league (the commissioner and the 30 team owners) and the National Basketball Players Association (NBPA), the players' union, that dictates the rules of player contracts, trades, revenue distribution, the NBA draft, and the salary cap, among other things.
Teams above the cap (or teams below the cap but would end up more than $100,000 over the cap following a trade) cannot acquire more than 125% plus $100,000 of the salary they trade away. Under the 2011 CBA, teams that remain below the luxury tax threshold even after the trade can acquire the lesser of 150% plus $100,000, or 100% plus $5 million ...
Starting from the 1984–85 NBA season, the NBA's first salary cap was introduced. The NBA salary cap is the maximum dollar amount each NBA team can spend on its players for the season. However, the NBA uses a "soft" salary cap, which allow NBA teams to exceed their allotted amount in order to sign players through significant "salary exceptions".
The 2009–10 Los Angeles Lakers season was the 62nd season of the franchise, 61st in the National Basketball Association (NBA) and 50th in Los Angeles. During the offseason, the Lakers signed free agent and former defensive player of the year forward Ron Artest.
Carmelo Anthony and Chauncey Billups were selected to the 2010 NBA All-Star Game with George Karl coaching the Western Conference. Karl was diagnosed with neck and throat cancer, ending his season. Adrian Dantley took over and the team struggled in the second half of the season, finishing with a 53–29 record and earned the number 4 seed in ...