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Before the 2011 NBA, the MLE was equal to the average NBA salary for all teams over the cap; teams with cap room were then ineligible for the MLE. [5] The Mid-Level Exception for the 2008–09 NBA season was $5.585 million. [16] The MLE was $5.854 million for the 2009–10 NBA regular season. [17]
The 2008–09 NBA season was the 63rd season of the National Basketball Association (NBA). The Los Angeles Lakers defeated the Orlando Magic in the 2009 NBA Finals , four games to one. The 2008 NBA draft was held on June 28, 2008, and Derrick Rose was selected first overall by the Chicago Bulls and eventually was awarded the 2009 NBA Rookie of ...
Damian Lillard is expected to be the first NBA player to eclipse $60 million in the 2026–27 season, having signed a contract worth $63,228,828. 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 ...
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In addition to the soft cap, the NBA utilizes a luxury tax system that is applied if the team payroll exceeds a separate threshold higher than the salary cap. These teams pay a penalty for each dollar their team salary exceeds the tax level. From 2002 to 2013, if a team exceeded the luxury tax threshold, they must pay one dollar to the league ...
In the National Basketball Association (NBA), a sign-and-trade deal is a type of transaction allowed by the collective bargaining agreement (CBA) where one franchise/team signs an unrestricted free agent or restricted free agent player to a new contract, only to then immediately trade him to another team of the player's choosing.
The next-richest NBA team owner knows a thing or two about basketball — none other than Michael Jordan, who earned just $90 million of his $2.1 billion fortune on the court.
What is the 2023-24 NBA salary cap? The NBA's most recent projections peg the salary cap for the 2023-24 season at $136 million and the luxury tax at $165 million, according to ESPN's Tim Bontemps ...