07-11-2006, 07:16 PM
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#29 (permalink)
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Money
Join Date: Oct 2003
Posts: 17,025
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Re: Around the league
http://sports.espn.go.com/nba/news/story?id=2516704
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The 2006-07 salary cap will be set at $53.135 million, an increase of $3.6 million from last season.
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The luxury tax threshold will be $65.42 million, up $3.7 million from the $61.7 million threshold last season. Teams with payrolls over that will have to pay a dollar-for-dollar tax on the amount of their payroll that exceeds the $65 million.
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• The Clippers spent the majority of their $9 million in cap room re-signing Sam Cassell and signing free agent Tim Thomas.
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