NBA sets salary cap and luxury tax numbers for 2012-13
The NBA announced late Tuesday the 2012-13 season's salary cap and luxury tax numbers with both remaining the same as for 2011-12. The salary cap is $58.044 million, and the luxury tax is $70.307 million.
The NBA announced late Tuesday the 2012-13 season's salary cap and luxury tax numbers with both remaining the same as for 2011-12.
The salary cap is set at $58.044 million, and the luxury tax line is $70.307 million.
The minimum team salary, which is set at 85 percent of the cap number, is $49.337
million for the 2012-13 season.
Teams exceeding the tax line will have to pay one dollar for every dollar over. The new rules that have a much more punitive tax don't begin until the 2013-14 season.
The salary cap is set each year by calculations based on projected amounts for Basketball Related Income (BRI) and benefits for the upcoming season. The projected BRI is negotiated by the league and players' association. Each year the sides meet to agree on an amount.
The salary cap calculation starting in 2012-13 takes 44.74 percent of the league's projected BRI, subtracts projected benefits, and then divides by the number of teams in the league.
With the July Moratorium ending at midnight and players allowed to sign July 11, the deadline was up for the new figures. The "new" cap begins at 12:01 ET, July 11.
Also of note: The mid-level exception will remain at $5 million, and the taxpayer "mini" mid-level exception will be $3.09 million.
The expectation is that in following years the cap and tax line will increase as league revenues reach all-time highs.
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