Search results
Results from the WOW.Com Content Network
The NBA utilizes a soft salary cap, meaning there is a salary cap but there are a variety of exceptions that allow teams to exceed that cap. For example, teams can re-sign players already on the team to an amount up to the maximum salary allowed by the league for up to five years regardless of where their payroll is relative to the cap.
The NBA had a salary cap in the mid-1940s, but it was abolished after only one season. The league continued to operate without such a cap until the 1984–85 season, when one was instituted in an attempt to level the playing field among all of the NBA's teams and ensure competitive balance for the League in the future.
The salary cap for 2016–17 was set at $94.14 million, with the salary floor at 84.73 million and the luxury tax limit at $113.29 million. [37] The current CBA took effect with the 2017–18 season. The NBA uses a "soft" cap, meaning that teams were allowed to exceed the cap in order to retain the rights to a player who was already on the team.
But now, 30 years later, the idea of a salary cap has stampeded back into public discourse. Its impetus: the free-wheeling, cash-flashing Los Angeles Dodgers and their seemingly bottomless pockets.
Editor's Note: Turn your fantasy football knowledge into cash! We're hosting a one-week $1 million league on FanDuel in Week 1. It's only $5 to enter and first place walks away with $100,000.
How will the NBA’s new salary-cap rules affect the Heat this offseason? Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
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.
The NBA informed teams that the 2023-24 salary cap will rise by more than $10 million from this season’s salary cap, The Athletic reported Friday.