The NBA has announced that the salary cap for the 12-13 season is $58.044 million.
The luxury tax level is set at $70.307 million.
The cap is the same as it was for the 11-12 season.
Read more: http://basketball.realgm.com/wiretap/222222/Salary_Cap_Set_At_$58044M_Luxury_Tax_At_$70307M#ix zz20JqhL0ex
Let's focus all things salary cap herein.
Yet to hear the finalized total of combined Knick salaries.