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**girllovesthegame** · 07-08-2008, 10:10 PM

The NBA salary cap for the 2008-09 season will be $58.68 million, ESPN.com has learned.

The figure was arrived at after daylong consultations between lawyers for the NBA and the players' union.

The luxury tax threshold will be $71.15 million, and the value of the mid-level exception will be $5.585 million. Over-the-cap teams can only offer the mid-level exception to free agents.

http://sports.espn.go.com/nba/news/story?id=3479183

**OneBadLT123** · 07-09-2008, 10:35 AM

http://sports.yahoo.com/nba/news;_yl...v=ap&type=lgns

Quote:

NEW YORK (AP)—The NBA set its salary cap for the 2008-09 season at $58,680,000, clearing the way for teams to sign free agents and make trades Wednesday.

The tax level was set at $71.150 million and the mid-level exception was $5.585 million. Any team with a payroll exceeding the tax level will pay a dollar for each dollar it’s over the amount.

The minimum team salary for 2008-09 was 75 percent of the cap, or $44.010 million.

This season’s cap went up by more than $3 million over last season’s, which was set at $55.630 million. Last season’s tax level was $67.865 million and the mid-level exception was $5.356 million.

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