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Extra! Extra! Read all about it, Salary Cap is higher than expected
By FanSided Staff
As you know, July 8th of every year the NBA announces the salary cap for the upcoming season, and the figure for this season is a bit of a surprise. The salary cap figure for the 2010-11 season, will be $58.044 million, which represents an increase from last season’s $57.7 million. Which is above the projections released earlier this year.
Other cap figures were released as well those are:
– Midlevel exception — $5.765 million
– Luxury-tax threshold — $70.307 million
– Maximum salaries — $13.604, $16.324, & $19.045 million depending on experience
I’ll have to check to see how this affects the Tiago and RJ situations.