belgian

Hello, some guys here are talking about salary cap ?

what is it ? can someone explain it to someone who doesn't know anything about it ?

and what are the consequences when a team like the Knicks are above the salary cap ?

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boomblauwoog

Storyteller

The salary cap is a numerical figure set by the league. Each team can make trades for players or sign players to contracts freely as long as the team total of salaries is below the salary cap.

For teams above the salary cap, players can only be signed or traded for if the team uses an exception - there are several of them.

If a team is far enough above the salary cap, it must pay a tax at the end of the year - this is commonly known as the luxury tax.

Here's a link to a big document written by Larry Coon.. It's the best source of information on the salary cap around.

StackAttack

Thought I'd add that the salary cap exists so that wealthy teams can't just buy out the best players.

Kapitalistsvin

Any news on what the cap for next season will be?

Kapitalistsvin

Edit: double post

JMES HOME

what was the cap this year.. ???

MightyReds2020

The salary cap for this season (2005/06) is 49.5 million. Next season's cap figure will be determined in the early July after the league ran their numbers.

Pain5155

the cap will go up.

girllovesthegame

Right now the cap and the teams that under currently under the cap looks something like this...

http://sports.espn.go.com/nba/news/story?id=2458296

Only 5 teams under the cap right now.

dwade3

the way i see it, the more money the clubs and the NBA is making the higher the salary cap will tend to be. This will be after a certain quota is reached by the clubs in the NBA....i heard it was going near 55-60 mil this year....