All things salary cap


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:$58044M_Luxury_Tax_At_$70307M#ixzz20JqhL0ex


Let's focus all things salary cap herein.

Yet to hear the finalized total of combined Knick salaries.


All Star
knicks will be over the luxury tax level by more than 6 million when its all said and done.

Doesn't matter to Dolan since all he has to do is raise cable prices by a mere $1 per household. Actually, the $$$ Lin will bring in will cover it 10x over.


Alan Hahn
The NBA last night released its salary cap and luxury tax numbers for the 2012-13 season and, as it was said when the new CBA was reached in December, there were no changes from 2011-12. The cap is $58.044 million with the tax threshold starting at $70.307 million. A team that goes over the tax threshold must pay $1 for every $1 over. The Knicks will be taxpayers this season, with nine players (including the anticipated additions of Jason Kidd, Marcus Camby, Jeremy Lin, Steve Novak and J.R. Smith) under contract for $72 million. There are still at least four roster spots left to fill.