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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 Adam Heitner, Esq., is a preeminent sports attorney and the founder of Heitner Legal, P.L.L.C., a Fort Lauderdale-based law firm specializing in sports law, contract negotiations, intellectual property, and arbitration. He earned his Juris Doctor from the University of Florida Levin College of Law in 2010 and a Bachelor of Arts in Political Science, magna cum laude, from the University of Florida in 2007, where he was named Valedictorian of the College of Liberal Arts and Sciences. Admitted to practice in the state bars of Florida, New York, and the District of Columbia, as well as multiple federal courts, Darren also serves as a certified arbitrator with the American Arbitration Association.

As an adjunct professor, Darren imparts his expertise through teaching Sports Law at the University of Florida Levin College of Law and Name, Image, and Likeness (NIL) at the University of Miami School of Law in the Entertainment, Arts, and Sports Law LL.M. program. His scholarly contributions include authoring several books published by the American Bar Association, such as How to Play the Game: What Every Sports Attorney Needs to Know, and numerous articles in prominent publications like Forbes, Inc. Magazine, and Above the Law. His thought leadership in NIL has earned him recognition as one of the foremost experts by The Wall Street Journal, USA TODAY, and On3, and he has been lauded as a “power player in NIL deals” by Action Network and a “top sports trademark attorney” by Sportico.

Darren’s passion for sports law led him to establish Sports Agent Blog on December 31, 2005, initially titled “I Want To Be A Sports Agent.” The platform, created as a New Year’s resolution, has grown into a cornerstone of the sports agency community, offering in-depth analysis of industry trends, legal disputes, and agent-player dynamics. His commitment to the field is further evidenced by his representation of numerous athletes and sports agents, as well as his prior role as an Adjunct Professor at Indiana University Bloomington, where he developed and taught a course on Sport Agency Management from 2011 to 2014.

Darren’s contributions have been recognized with prestigious honors, including the University of Florida’s 40 Under 40 Award, the University of Florida Levin College of Law’s Outstanding Young Alumnus Award, and designation as the best lawyer in Fort Lauderdale by Fort Lauderdale Magazine. He remains an active voice in the sports law community, sharing insights through his weekly NIL newsletter and his X posts, engaging a broad audience on legal developments in sports.

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