New York, NY (Sports Network) – The NBA’s salary cap and tax level both saw a bump up from last season.<\/p>\n
The league’s salary cap for the 2013-14 season will be set at $58.679 million, while the tax level is fixed at $71.748 million.<\/p>\n
The salary cap and tax level were due to go into effect at 12:01 a.m. ET Wednesday when the league’s moratorium period ends and teams can officially begin signing free agent players and make trades.<\/p>\n
Last season, the cap was $58.044 million and the tax level was $70.307 million.<\/p>\n
Starting this season, the tax rates for incremental spending above the tax level will increase. That is a difference than previous years when any team that exceeded the tax level paid a $1 tax for each $1 by which it was over the tax level.<\/p>\n
Instead, this coming season teams that are up to $4.99 million over the tax level will pay a penalty of $1.50 for every $1 over the threshold. Teams $5 million – $9.99 million will pay $1.75 for every $1, Teams $10-$14.99 million over will pay $2.50 for every $1 spent; $15-$19.99 will go $3.25 for each $1, and rates will increase by $.50 for each additional $5 million of team salary above the tax level from that point going forward.<\/p>\n
Each team must carry a minimum salary of 90 percent of the cap, which is $52.811 million for the upcoming season.<\/p>\n
There are three different mid-level exceptions depending on a team’s salary level. The non-taxpayer mid-level for this season is $5.15 million, the taxpayer mid-level is $3.183 million and the mid-level for a team with room under the Salary Cap is $2.652 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
New York, NY (Sports Network) – The NBA’s salary cap and tax level both saw a bump up from last season. The league’s salary cap for the 2013-14 season will be set at $58.679 million, while the tax level is fixed at $71.748 million. The salary cap and tax level were due to go into […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-2202","post","type-post","status-publish","format-standard","hentry","category-nba"],"_links":{"self":[{"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/posts\/2202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/comments?post=2202"}],"version-history":[{"count":0,"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/posts\/2202\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/media?parent=2202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/categories?post=2202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stub.com\/hq\/news\/wp-json\/wp\/v2\/tags?post=2202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}