By Official Release
Posted Jul 7 2009 10:30PM
NEW YORK -- The National Basketball Association today announced that the Salary Cap for the 2009-10 season will be $57.7 million. The tax level for the 2009-10 season has been set at $69.92 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $69.92 million.
The 2008-09 Salary Cap was $58.68 million and the tax level was $71.15 million. Although league-wide revenue increased 2.5% this past season, the decrease in the Salary Cap and tax level for the 2009-10 season is the result of the formula used to set the Cap and tax under the terms of the collective bargaining agreement.
The new Salary Cap and tax level go into effect at 12:01 a.m. ET on Wednesday, July 8, when the league's "moratorium period" ends and teams can begin signing free agents and making trades.
The mid-level exception is $5.854 million for the 2009-10 season and the minimum team salary, which is set at 75% of the Salary Cap, is $43.275 million.
 | Game Time: Spurs' Heartbreak, Duncan The Game Time crew on San Antonio's Game 6 heartbreak and Tim Duncan's disappearance. |
 | NBA Nation: Chicago Check out all the action from NBA Nation presented by Sprint in Chicago. |
 | Sprite Slam Dunk Showdown 2013: Chicago Check out all the great action from the Sprite Slam Dunk Showdown in Chicago as part of NBA Nation. |
 | Sprite Slam Dunk Showdown 2013: Charlotte Check out all the great action from the Sprite Slam Dunk Showdown in Charlotte as part of NBA Nation. |
 | Big Plays of The Finals Watch the very best plays leading up to Game 7 of The NBA Finals. |
Copyright © NBA Media Ventures, LLC. All rights reserved. No portion of NBA.com may be duplicated, redistributed or manipulated in any form. By accessing any information beyond this page, you agree to abide by the Privacy Policy / Your California Privacy Rights and Terms of Use. | Ad Choices 
NBA.com is part of Turner Sports Digital, part of the Turner Sports & Entertainment Digital Network.
