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Okay now may someone please break this down to lamence terms?
Sources: NBA sets salary cap for next season at $58.68 million
By Chris Sheridan
ESPN.com
The NBA salaray cap for the 2008-09 season will be $58.68 million, ESPN.com has learned.
The figure was arrived at after daylong consultations between lawyers for the NBA and the players' union.
The luxury tax threshold will be $71.15 million, and the value of the mid-level exception will be $5.585 million. Over-the-cap teams can only offer the mid-level exception to free agents.
The league's moratorium on trades and free-agent signings expires at midnight on Tuesday, and three teams -- the Golden State Warriors, Philadelphia 76ers and Los Angeles Clippers -- had been waiting on the exact cap figure to determine the size of the offers they can make to Elton Brand, who had become the No. 1 free-agent target of all three teams. ESPN.com's Marc Stein reported Tuesday evening that Brand has given a verbal commitment to the 76ers.
Senior writer Chris Sheridan covers the NBA for ESPN Insider.
http://sports.espn.go.com/nba/news/story?id=3479183
Okay now may someone please break this down to lamence terms?
That's a little low. Might help the Spurs a tiny bit because there is less cap room for Sixers, Warriors and Clippers.
Wow. You mean even a fixed Lakers Celtics Finals couldn't even save their revenues?
You need the salary cap number, the luxury tax number, and the MLE number explained in laymen's terms?
And my entire life I've been spelling it that way. I'm so ashamed of myself.
Could you break it down in lamaze terms for the pregnant women who might be reading?
was expecting 59 mil, oh well.
Oh you.
Actually, it's layman's terms?
Give it to him in Chris Kaman's terms.
Oops.Actually, it's layman's terms?
This thread is awesome.
So then how is the luxury tax line figured?
exstatic just wanted to lay men
http://members.cox.net/lmcoon/salarycap.htm#16
its rather complicated, and not worth retyping here, but you can read up on it there.
How is Kobe the GOAT? If you can provide some basis for that I would just love to see it in quantifiable terms.
Thanks for the link, I got it, kind of...It seems they can use the formula or an arbitrary number as they did last year...
Here's the official salary cap, and luxury tax threshold. Nothing really new, but now we have the real numbers.
http://sports.espn.go.com/nba/news/story?id=3479183
NBA sets salary cap for next season at $58.68 million
By Chris Sheridan
ESPN.com
(Archive)
Updated: July 9, 2008, 2:10 AM ET
Knowing what they can spend, teams can now begin dealing in earnest.
The NBA announced on Tuesday that the salary cap for the 2008-09 season will be $58.68 million.
The figure was arrived at after daylong consultations between lawyers for the NBA and the players' union.
The luxury tax threshold will be $71.15 million, and the value of the mid-level exception will be $5.585 million. Over-the-cap teams can only offer the mid-level exception to free agents.
For comparison sake, last year's cap was $55.63 million. It was $53.135 million in 2006-07 and $49.5 million ($37.125 million for the Charlotte Bobcats) in 2005-06.
The league's moratorium on trades and free-agent signings expired at midnight on Tuesday, and three teams -- the Golden State Warriors, Philadelphia 76ers and Los Angeles Clippers -- had been waiting on the exact cap figure to determine the size of the offers they can make to Elton Brand, who had become the No. 1 free-agent target of all three teams. ESPN.com's Marc Stein reported Tuesday evening that Brand has given a verbal commitment to the 76ers.
Senior writer Chris Sheridan covers the NBA for ESPN Insider.
Spurs getting paid 4.2 mil.
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