The National Basketball Association today announced that the Salary Cap for the 2009-10 season will be $57.7 million. The tax level for the 2009-10 season has been set at $69.92 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $69.92 million.

The 2008-09 Salary Cap was $58.68 million and the tax level was $71.15 million. Although league-wide revenue increased 2.5% this past season, the decrease in the Salary Cap and tax level for the 2009-10 season is the result of the formula used to set the Cap and tax under the terms of the collective bargaining agreement.

The new Salary Cap and tax level go into effect at 12:01 a.m. ET on Wednesday, July 8, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades.

The mid-level exception is $5.854 million for the 2009-10 season and the minimum team salary, which is set at 75% of the Salary Cap, is $43.275 million.

 In other words it went down like 1.5 mil

WiscoKing13:

 The National Basketball Association today announced that the Salary Cap for the 2009-10 season will be $57.7 million. The tax level for the 2009-10 season has been set at $69.92 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $69.92 million.

The 2008-09 Salary Cap was $58.68 million and the tax level was $71.15 million. Although league-wide revenue increased 2.5% this past season, the decrease in the Salary Cap and tax level for the 2009-10 season is the result of the formula used to set the Cap and tax under the terms of the collective bargaining agreement.

The new Salary Cap and tax level go into effect at 12:01 a.m. ET on Wednesday, July 8, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades.

The mid-level exception is $5.854 million for the 2009-10 season and the minimum team salary, which is set at 75% of the Salary Cap, is $43.275 million.

 In other words it went down like 1.5 mil

old news but thanks for posting it, for a reference point.

the return of ersanity should be anouced tomorrow also.

quicksdraw:

the return of ersanity should be anouced tomorrow also.

probably somewhere in the ball park of 3 mil

than we just have to wait and see if anyone offers over the MLE for sessions

WiscoKing13:

quicksdraw:

the return of ersanity should be anouced tomorrow also.

hope so

probably somewhere in the ball park of 3 mil

than we just have to wait and see if anyone offers over the MLE for sessions

yes if we can keep session then ridnour is out the door in a trade, if sessions is offered mad money then it will be ridnour and jennings, with money saved by not signing sessions would allow the bucks to make another move either now or at trade deadline when thomas and bowen would be more valueable.

lux could drop to 62 mil next year, the NBA is in a scary spot