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speakout4
07-07-2010, 08:49 PM
REAL GM

The National Basketball Association today announced that the Salary Cap for the 2010-11 season will be $58.044 million. The tax level for the 2010-11 season has been set at $70.307 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $70.307 million. The 2009-10 Salary Cap was $57.70 million and the tax level was $69.92 million.
The new Salary Cap and tax level go into effect at 12:01 a.m. ET on Thursday, July 8, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades.
The mid-level exception is $5.765 million for the 2010-11 season and the minimum team salary, which is set at 75% of the Salary Cap, is $43.533 million.
Last summer, the NBA sent out a memo to teams warning them that the cap would be potentially in the neighborhood of $52 million.
Via RealGM Staff Report (http://basketball.realgm.com/src_wiretap_archives/67949/20100707/nba_sets_cap_at_$58044_million_for_10_11/#) <script type="text/javascript"> tweetmeme_source = 'realgmcom'; </script> <script type="text/javascript" src="http://tweetmeme.com/i/scripts/button.js"></script><iframe src="http://api.tweetmeme.com/button.js?url=http%3A//basketball.realgm.com/src_wiretap_archives/67949/20100707/nba_sets_cap_at_%2458044_million_for_10_11/&style=normal&source=realgmcom" frameborder="0" height="61" scrolling="no" width="50"></iframe>
General Basketball (http://basketball.realgm.com/src_wiretap_teams/general/2010/07/)
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speakout4
07-07-2010, 08:54 PM
deleted --see previous thread

Will Galen
07-07-2010, 09:00 PM
Already posted. http://www.pacersdigest.com/showthread.php?t=54894