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sports basketball

How do NBA salary caps work?

Last Updated: 7th March, 2020

The NBA salary cap is the limit to the total amount of money that National Basketball Association teams are allowed to pay their players. Teams that go above the luxury tax cap are subject to the luxury tax (a tax on every dollar spent over the luxury tax cap).

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Thereof, how do salary caps work?

A salary cap is essentially an agreement between the league and players that places a limit on the amount of money a team can spend on salaries for players. This number is determined each year and adjusted based off of the revenues of the league.

One may also ask, what is the NBA veteran minimum salary 2019? Of course, because a player's minimum salary is determined by how much NBA experience he has, many veterans will earn more than twice as much money as a rookie will in 2019/20 on a minimum salary contract.

NBA Minimum Salaries For 2019/20.

Years of Experience Salary
9 $2,331,593
10+ $2,564,753

Keeping this in consideration, what is the minimum salary in the NBA?

$98.226 million

Why are salary caps bad?

Anyway, a salary cap would be a horrible idea for baseball, and it will never fly. Owners want a salary cap because they are tired of other teams spending a lot of money on players, which makes their fans ask why the payroll for their favorite team is so low, which in turn, makes owners look bad.

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