07.08.09 NBA SALARY CAP LOWERED FOR 2009-2010
The NBA’s latest admission of feeling duress in These Trying Economic Times was the announcement that the league’s salary cap will be lowered for next season. The NBA, who orchestrated its own sort of bailout package for struggling teams From the monolith:
The figure the league announced Tuesday night was about $1 million less than last season’s cap of $58.68 million, even though league-wide revenue rose 2.5 percent. The number is expected to drop further next season when the full effect of the economic difficulties hits.
The luxury tax level also dropped to $69.92 million. Any team whose salary exceeds that will have to pay $1 for every $1 it goes over. The tax level last season was $71.2 million.
The midlevel exception [which is a salary level that teams may use to sign a player if they begin a season over the cap] will be $5.85 million.
Back the truck up. So league revenues were up for the year and the salary cap goes down?! Who negotiated this CBA for the players? Barry Zuckerkorn? And why do you need so many exceptions for teams that only have to sign 15 players? How freaking hard is it to add up the sum total of 15 contracts? That’s one spreadsheet. Even the most crack-addled prostitute can keep up with that level of bookkeeping. But whores are great with numbers. It’s why they end up peddling sex to make ends meet.
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There are 4 comments about:
NBA SALARY CAP LOWERED FOR 2009-2010
Barry Zuckerkorn? Nice name drop. God I miss Arrested Development! It’s really too bad that only retards watch FOX(see ratings for American Idol and the fact that King of the Hill is still on the air), because that show was awesome.
So the salary cap is $57.7 but the luxury tax level is $69.92? What happens when a team spends 65?
Also, the NHL’s cap is 56.8M, but most of it isn’t spent on fried chicken and tattoos. I’m hilarious.
Punte, why, if I didn’t know better, I would think that you were Jewish!
No, the NHL’s money goes to Molson and maple syrup. However, a substantial portion of both league’s salaries goes to strippers and dental work (platinum grills for one, dentures for the other).
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