2007/2008 salary Cap

[yavozerb]

Not sure if its been posted yet..

NBA Sets Salary Cap for 2007-08 Season
Posted Jul 10 2007 9:39PM
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NEW YORK, July 10, 2007 – The National Basketball Association today announced that the Salary Cap for the 2007-08 season will be $55.630 million. The new Cap goes into effect at 12:01 a.m. ET on Wednesday, July 11, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades.
The tax level for the 2007-08 season has been set at $67.865 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $67.865 million.

The mid-level exception is $5.356 million for the 2007-08 season and the minimum team salary, which is set at 75% of the Salary Cap, is $41.723 million.

For the 2006-07 season, the Salary Cap was set at $53.135 million, the tax level was $65.42 million and the mid-level exception was $5.215 million.

[timvp]

Good info. Pretty much the expected numbers. Maybe a tad low.

[yavozerb]

So right now, does anyone know where the spurs stand on total salaries??

[FirebatMIV]

So right now, does anyone know where the spurs stand on total salaries??

Well, if you assume Bonner gets 3 million and Fabricio gets 3.5, and add in a 15th player at league minimum, we're at about 70 million in total payroll.

[timvp]

So right now, does anyone know where the spurs stand on total salaries??

Check the thread I bumped.

[TDMVPDPOY]

looks like spurs are to goin pull some trades from now on to stay under cap

[ploto]

After agreeing with Oberto, Bonner and Vaughn, the salary cap picture is beginning to clear up. Here are the projected salaries for the 2007-08 season:

Tim Duncan -- $19,014,188
Tony Parker -- $10,500,000
Manu Ginobili -- $9,079,811
Brent Barry -- $5,544,370
Bruce Bowen -- $4,125,000
Robert Horry -- $3,630,000
Fabricio Oberto -- $3,167,420
Michael Finley -- $3,103,000
Francisco Elson -- $3,000,000
Matt Bonner -- $2,750,000
Jackie Butler -- $2,350,000
Beno Udrih -- $1,747,096
Jacque Vaughn - $1,219,590
James White -- $687,456
Marcus Williams -- $427,163
TOTAL -- $70,345,094

For purposes of the luxury tax threshold, Vaughn will only count $770,610 toward it, since he's a 10+ year veteran on a minimum contract. However, White will also count $770,610 since he was also signed as a free agent. With those adjustment, it looks like the team's salary is $69,979,268.

Last season, the luxury tax threshold was $65,420,000. This upcoming season that number is expect to be somewhere between $67,000,000 and $70,000,000. If it comes in at the high estimate, the Spurs should avoid paying the tax. If it comes in low, that'd make the team even more willing to ship off a player such as Beno Udrih.