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.
 | Bulls vs. Celtics: First half Rajon Rondo scores 16 points in the first half and the Celtics lead the Bulls 48-43 heading into the break. |
 | Stiemsma Blocks and Rondo Scores Greg Stiemsma makes the block and Rajon Rondo races to the basket for the easy deuce. |
 | Rondo's Between the Legs Pass In his attempt to save the ball, Rajon Rondo makes a between the legs pass to Chris Wilcox, who flushes it home. |
 | Bryant's Game Winner Kobe Bryant sinks a jumper with four seconds left on the clock to give the Lakers' a one-point lead. |
 | DeRozan's Baseline And-1 DeMar DeRozan cuts down the baseline for the layup plus the foul. |
 | Big to Big Pass Pau Gasol throws an over the top lob to Andrew Bynum, who flushes home the two-handed dunk. |
 | Bynum to the Rescue Andrew Bynum tips in Kobe's missed jumper right before the buzzer sounds. |
 | Johnson's Rim Rocker James Johnson takes advantage of the Lakers listless defense and heads straight to the rack for the two-handed dunk. |
 | Johnson's Coast-to-Coast Dunk After collecting the rebound, James Johnson goes coast to coast to the rim and slams it with authority. |
 | Lakers vs. Raptors: First half Pau Gasol is having a great first half and scores 12 points to give the Lakers a 54-46 lead over the Raptors. |
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 - SI Digital, part of the Turner Sports & Entertainment Digital Network.
