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NBA Luxury Tax
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] |
