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 This material may not be published, broadcast, rewritten or redistributed.)
- College Football Spotlight: Get Ready To Debate One-Loss Playoff Contenders
- Demarcus Lawrence Has Cowboys ‘Frothing At The Mouth’
- Playoff Pinch Hits: Why The Royals Will Win The World Series In 6 Games
- Jerry Jones: Snyder Should Keep Redskins Name
- Kimberly-Clark To Cut Up To 1,300 Jobs
PHOTOS: Your Pet Pictures