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The NBA salary cap is the limit to the total amount of money that National Basketball Association teams are allowed to pay their players. Like the other major professional sports leagues in North America, the NBA has a salary cap to control costs and benefit parity, defined by the league's collective bargaining agreement (CBA).
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 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.
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A hard cap represents a maximum amount that may not be exceeded for any reason. Contracts which cause a team to violate a hard cap are subject to major sanctions, including the voiding of violating contracts, and the stripping of championships won while breaching salary cap rules, which happened to the Melbourne Storm in the NRL. Hard caps are ...
We’ve made it: 2022 Brooklyn Nets free agency, also known as the most important offseason in (relocated) franchise history. The Nets have already made their biggest decision: Holding firm in ...
The player could be claimed off waivers by the highest bidder; the waiving team would be responsible for the remaining salary without it counting against their cap. [71] In a rule dubbed the "Derrick Rose Rule" after the 2011 NBA Most Valuable Player Award winner, a player finishing his rookie contract could be re-signed at up to 30% of his ...