Finally, let me share a juicy tip from a league source on the state of the salary cap: Basically, it’s going to be worse than a lot of people expect, and the luxury tax level next year is going to be even lower than several teams are planning for now; the implications are going to be huge as we head into next year.
Here’s the more interesting part of what I was told — it may just be the tip of the iceberg. The salary cap (and thus the tax level) could potentially drop massively in 2010; my source used the term “bloodbath.”
2009 Salary Cap
Posted February 17, 2009 - 12:29 PM
Posted February 17, 2009 - 03:37 PM
Currently the NBA has ‘08-’09 salary cap ($58.68M) and luxury tax ($71.15M). ESPN has reported David Stern has notified the NBA teams the salary cap and luxury tax will be on the decline for the next couple of years. Rumors persist they could decline 5%-10% over the next 2 years.
- ‘08-’09 - salary cap $58.68M - luxury tax $71.15M - current
- ‘09-’10 - salary cap $55.75M - luxury tax $67.59M - projected 5% minimum decline
- ‘10-’11 - salary cap $52.96M - luxury tax $64.21M - projected 5% minimum decline
Posted February 18, 2009 - 12:08 AM
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