NBA Salary Cap Hits All-Time High $63.1 Million
Mavericks CentralShop for Mavericks Gear
Buy Mavericks Tickets
Sports Fan Insider
NEW YORK (AP) – The NBA has set the 2014-15 salary cap at $63.1 million, an all-time high, paving the way for contracts to be signed.
Deals can become official starting at 12:01 EDT on Thursday. Players and teams could agree to contracts starting July 1, but they couldn’t be signed during the moratorium period.
The cap is a 7.5 percent increase from last season’s $58.7 million.
The league also says Wednesday that the tax level jumped 7.1 percent to $76.8 million. Teams exceeding that will have to pay a luxury tax.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- One Dead Two Injured After Overnight Burglary
- Police Confirm Body Found Is That Of Missing Woman
- Playground Equipment May Be Too Hot To Handle
- Ft. Worth Doctor With Ebola Has Church’s Prayers
- John Wiley Price’s Pastor and Church Stand Behind Him
PHOTOS: Your Pet Pictures