Wed Jul 11, 2007 7:15 pm
NBA Sets Salary Cap for 2007-08 Season 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.OFFICIAL MOVEMENT
Jazz to Release Fisher
Rockets acquire Mike James
Timberwolves trade for Juwan Howard
Raptors acquire Delfino from Pistons
Pistons land two picks for Delfino
Celtics acquire Ray Allen from Sonics
Knicks land Zach Randolph
Jason Richardson headed to Bobcats
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.OFFICIAL MOVEMENT
Jazz to Release Fisher
Rockets acquire Mike James
Timberwolves trade for Juwan Howard
Raptors acquire Delfino from Pistons
Pistons land two picks for Delfino
Celtics acquire Ray Allen from Sonics
Knicks land Zach Randolph
Jason Richardson headed to Bobcats
Wed Jul 11, 2007 7:28 pm
ok, no.
you tried this before. no need to bump this old thread.
you tried this before. no need to bump this old thread.