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Exhibit 10
The NBA salary cap is the limit to the total amount of money that National Basketball Association teams are allowed to pay their players. Like many professional sports leagues, the NBA has a salary cap to control costs and benefit parity, defined by the league's collective bargaining agreement (CBA). This limit is subject to a complex system of rules and exceptions and is calculated as a percentage of the league's revenue from the previous season. Under the CBA ratified in July 2017, the cap will continue to vary in future seasons based on league revenues. For the 2022–23 season, the cap is set at $123.655 million. The majority of American leagues (NFL, NHL, MLS) have hard caps while the NBA has a soft salary cap. Hard salary caps forbid teams from going above the salary cap. Soft salary caps allow teams to go above the salary cap, but will subject such teams to reduced privileges in free agency. Teams that go above the luxury tax cap are subject to the luxury tax (a tax on every ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Basketball Association
The National Basketball Association (NBA) is a professional basketball league in North America. The league is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the major professional sports leagues in the United States and Canada. It is the premier men's professional basketball league in the world. The league was founded in New York City on June 6, 1946, as the Basketball Association of America (BAA). It changed its name to the National Basketball Association on August 3, 1949, after merging with the competing National Basketball League (NBL). In 1976, the NBA and the American Basketball Association (ABA) merged, adding four franchises to the NBA. The NBA's regular season runs from October to April, with each team playing 82 games. The league's playoff tournament extends into June. , NBA players are the world's best paid athletes by average annual salary per player. The NBA is an active member of USA Basketball (USAB), which is recognized by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1995–96 NBA Season
The 1995–96 NBA season was the 50th season of the National Basketball Association (NBA), though the 50th anniversary was not celebrated until the following season. The Chicago Bulls defeated the Seattle SuperSonics 4 games to 2 in the NBA Finals to win their fourth championship. 1995 NBA lockout The 1995 NBA lockout was the first lockout of four in the history of the NBA. When the previous collective bargaining agreement expired after the 1993–94 season, a no-strike, no-lockout agreement was made in October 1994, with a moratorium on signing or restructuring player contracts. That moratorium expired on June 15, 1995, one day after the NBA Finals concluded. The expansion draft (which was held on June 24) and the NBA draft (which was held on June 28) were allowed to take place, but all other league business, including trades, free-agent signings, contract extensions, and summer leagues were suspendedBrown, Clifton"1995 NBA playoffs; NBA. Talks resume as lockout looms."'The Ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008–09 NBA Season
The 2008–09 NBA season was the 63rd season of the National Basketball Association (NBA). The Los Angeles Lakers defeated the Orlando Magic in the 2009 NBA Finals, four games to one. The 2008 NBA draft was held on June 28, 2008, and Derrick Rose was selected first overall by the Chicago Bulls and eventually was awarded the 2009 NBA Rookie of the Year Award. The 2009 NBA All-Star Game was hosted at the US Airways Center in Phoenix. The Western Conference All-Stars defeated the Eastern Conference All-Stars 146–119. The All-Star Game co-MVPs were Shaquille O'Neal and Kobe Bryant. This was the first NBA season since 1966–67 without a Seattle franchise, as the SuperSonics moved to Oklahoma City, Oklahoma in July 2008 and became the Oklahoma City Thunder. Transactions Coaching changes *On November 21, 2008, the Oklahoma City Thunder fired head coach P. J. Carlesimo and assistant coach Paul Westhead after a 1–12 start. Scott Brooks was named interim head coach for the re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2006–07 NBA Season
The 2006–07 NBA season was the 61st season of the National Basketball Association. The San Antonio Spurs were crowned the champions after sweeping the Cleveland Cavaliers in the NBA Finals. Notable occurrences *The first NBA draft under the new CBA rules was conducted, where draftees must be at least a year removed from high school graduation and are at least 19 years old to be eligible. Andrea Bargnani of Italy was selected by the Toronto Raptors as the No. 1 pick, becoming the second foreign player without U.S. collegiate basketball background to be selected No. 1. Portland Trail Blazers guard Brandon Roy was named Rookie of the Year. *A new design for the official NBA game ball was revealed on June 28, 2006, at the NBA draft. Amid complaints by players and coaches, the league switched back to the previous ball on January 1, 2007. *The 2007 NBA All-Star Game was played on February 18, 2007, at the Thomas & Mack Center in Las Vegas, Nevada, the first time the event was held i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2005–06 NBA Season
The 2005–06 NBA season was the 60th season of the National Basketball Association. The Miami Heat defeated the Dallas Mavericks in the NBA Finals, four games to two to win their first NBA championship. Notable occurrences * A new league dress code was put into effect at the beginning of the year by commissioner David Stern. * The Miami Heat win their first NBA championship in franchise history. They become the third franchise (joining the 1969 Boston Celtics and 1977 Portland Trail Blazers, later joined by the 2016 Cleveland Cavaliers and 2021 Milwaukee Bucks) to win the NBA Finals after losing the first two games. They are also the first of the four 1988/89 expansion franchises to win a championship. * The All-Star Game was played on February 19, 2006 at the Toyota Center in Houston with the East beating the West 122–120. LeBron James of the Cleveland Cavaliers won the game's MVP honors the youngest ever in All-Star Game history at 21 years, and 51 days old. * This se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2004–05 NBA Season
The 2004–05 NBA season was the 59th season of the National Basketball Association (NBA). It began on November 2, 2004 and ended June 23, 2005. The season ended with the San Antonio Spurs defeating the defending-champion Detroit Pistons, 4–3, in the NBA Finals. Notable occurrences * The NBA made its return to Charlotte as the Charlotte Bobcats became the league's 30th franchise at the time. Ten years later, the Bobcats and the departed New Orleans Hornets would strike a deal with the New Orleans franchise renaming themselves the Pelicans, thereby restoring the Hornets' Charlotte history and name to the Charlotte franchise. The Bobcats played their first season at the Charlotte Coliseum. * This season also was the first year of the NBA's new divisional alignments, separating the league into six divisions of five teams instead of the previous four divisions of varying numbers of teams. As part of this realignment, the New Orleans Hornets moved from the Eastern Conference to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2003–04 NBA Season
The 2003–04 NBA season was the 58th season of the National Basketball Association. The season ended with the Detroit Pistons defeating the Los Angeles Lakers 4–1 in the 2004 NBA Finals. Events This was the last season for the original two-division format in both the Eastern and Western Conferences, before each of the conferences added a third division the following season. As a result, this would also be the final season for the NBA Midwest Division, as the Minnesota Timberwolves were that division's last champion, the only division title the franchise has won in their twenty-nine seasons in the NBA. The All-Star Game was held at the Staples Center in Los Angeles. The West won 136–132; Lakers center Shaquille O'Neal was named Most Valuable Player. For the first time in 21 years the Portland Trail Blazers did not make the playoffs, ending the second longest streak in NBA history. For the first time in 20 years the Utah Jazz did not make the playoffs, ending the third long ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2002–03 NBA Season
The 2002–03 NBA season was the 57th season of the National Basketball Association (NBA). The season ended with the San Antonio Spurs beating the New Jersey Nets 4–2 in the 2003 NBA Finals. This would be Michael Jordan's last season in the NBA. This season would also mark the first finals since the 1998–99 NBA season that the Lakers did not appear in, and the Spurs' first finals appearance since then. Notable occurrences *The Hornets relocate from Charlotte, North Carolina to New Orleans, Louisiana. *At halftime of the Hornets' first game in New Orleans, the team retired Pete Maravich's jersey number against their former tenants, the Utah Jazz. Though Maravich never played for the Hornets, he had been a star player with LSU Tigers and New Orleans Jazz. *The San Antonio Spurs played their first game at the SBC Center, (now the AT&T Center). *The Houston Rockets played their final season at the Compaq Center (formerly as The Summit). *The 2003 NBA All-Star Game was held at t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2001–02 NBA Season
The 2001–02 NBA season was the 56th season of the National Basketball Association. The season ended with the Los Angeles Lakers winning their third straight championship, beating the New Jersey Nets 4–0 in the 2002 NBA Finals. Notable occurrences * Kwame Brown became the first high school player to be drafted first overall when the Washington Wizards drafted him in the 2001 NBA draft. * The Grizzlies relocated from Vancouver, British Columbia to Memphis, Tennessee. They played their first three seasons at The Pyramid in Memphis. * The 2002 NBA All-Star Game was held at First Union Center in Philadelphia. Kobe Bryant of the Lakers took MVP honors amidst boos from the Philadelphia fans following a 135–120 victory by the West. Philadelphia was originally slated to host the 1999 All-Star Game, but was awarded the 2002 game instead due to the 1998 lockout. * Prior to the start of the season, NBA and Chicago Bulls guard Michael Jordan, then part-owner of the Washington Wizar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2000–01 NBA Season
The 2000–01 NBA season was the 55th season of the National Basketball Association. The season ended with the Los Angeles Lakers winning their second straight championship, beating the Philadelphia 76ers 4 games to 1 in the 2001 NBA Finals. Notable occurrences * The NBA All-Star Game was held at the MCI Center in Washington, D.C.. The East won 111–110, with Philadelphia's Allen Iverson being named the game's Most Valuable Player. The game is noted for the Eastern Conference's 21-point comeback in the fourth quarter. * The Grizzlies play their final season in Vancouver, British Columbia before relocating to Memphis, Tennessee for the following season leaving the Toronto Raptors as the only Canadian team left in the NBA. This would be repeated for Major League Baseball in , when the Montreal Expos moved to Washington to become the Nationals, meaning the Toronto Blue Jays were the only remaining Canadian MLB team. * Rick Pitino resigned as head coach and president of the Bosto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1999–2000 NBA Season
The 1999–2000 NBA season was the 54th season of the National Basketball Association. The season ended with the Los Angeles Lakers winning the NBA championship, beating the Indiana Pacers 4 games to 2 in the 2000 NBA Finals. This would also be Charles Barkley’s final season in the NBA. Notable occurrences *Effective this season, the first game of the NBA regular season begins on either the first Tuesday of November or the last Tuesday of October, and the last game on the third Wednesday of April. The NBA playoffs begin on the third Saturday of April. *The 2000 NBA All-Star Game held in Oakland, California. The West won 137–126. Tim Duncan from the San Antonio Spurs and Shaquille O'Neal from the Los Angeles Lakers shared the game's MVP honors. The Slam Dunk Contest returned after a two-year absence, with Vince Carter winning the title in what is considered to be the best Dunk Contest performance of all time. *Both the Los Angeles Lakers and the Los Angeles Clippers played ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
