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NBA Players

NBA Salary Cap Set

The salary cap for individual NBA teams in the 2006-2007 season has been set today at $53.135 million. The increase is $3.6 million above this past year’s cap. For a luxury tax to be placed on a team (the team would have to pay a money money money money...MONEYdollar for every dollar above the number value), that team must exceed a payroll of $65.42 million ($3.7 million above last season).

The Knicks have shown blatant disregard for the luxury tax thus far, and are projected to be $44 million over the luxury tax floor (that would mean a payroll of over $109 million). P.S. – the Knicks grossly overpay their players. The only other two teams that are projected to be over the luxury tax floor are the Golden State Warriors and the Dallas Mavericks, and they are supposed to be only marginally over the threshold.

Expect a lot of free agent signings and trades to occur now that the new salary cap has been set.

Maximum starting year (this year) of a contract for a player with less than 7 years of experience has been set at $12.45 million, 7-9 years: $14.94 million, and 10+ years: $17.43 million.

The new salary cap should produce an average salary of $5.215 for players in the NBA. Not too shabby for a league that has come a long way in a short amount of time.

[tags]nba, salary cap[/tags]

By Darren Heitner

Darren Heitner created Sports Agent Blog as a New Year's Resolution on December 31, 2005. Originally titled, "I Want To Be A Sports Agent," the website was founded with the intention of causing Heitner to learn more about the profession that he wanted to join, meet reputable individuals in the space and force himself to stay on top of the latest news and trends.

Heitner now runs Heitner Legal, P.L.L.C., which is a law firm with many practice areas, including sports law and contract law. Heitner has represented numerous athletes and sports agents as legal counsel. He has also served as an Adjunct Professor at Indiana University Bloomington from 2011-2014, where he created and taught a course titled, Sport Agency Management, which included subjects ranging from NCAA regulations to athlete agent certification and the rules governing the profession. Heitner serves as an Adjunct Professor at the University of Florida Levin College of Law, where he teaches a Sports Law class that includes case law surrounding athlete agents and the NCAA rules.

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