Sports Report: NBA teams told salary cap won't drop below 2019-20 level

03:21  27 october  2020
03:21  27 october  2020 Source:   thescore.com

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The salary cap projections for the 2019 - 20 NBA season remain on track, whereas the 2020-21 projections have fallen by million from initial projections, according to Shams Charania of The Athletic and Stadium. Charania reported Friday the NBA expects the salary cap to be 9 million

Teams that are under the cap will have their cap holds applied to their overall cap while teams that If a team uses their Bi-Annual, Non-Taxpayer Mid- Level , Taxpayer Mid- Level exceptions, or Sign-and-Trade * denotes cap space with cap holds included if team salary was below the cap maximum.

Some NBA teams have been told the 2020-21 salary cap won't be lower than $109 million - the same as last season - according to ESPN's Bobby Marks.

  Report: NBA teams told salary cap won't drop below 2019-20 level © Patrick Smith / Getty Images Sport / Getty

"That is what they've been assured," Marks said on The Lowe Post podcast. "It will be no lower than 109. It could be 111."

The 2020-21 cap was projected at $115 million prior to the coronavirus pandemic. That number was $1 million less than the projection before the NBA's political controversy with Chinese business interests last fall.

Both instances cost the league substantial revenue in 2019-20, although it was reported last week that the Walt Disney World Resort bubble salvaged approximately $1.5 billion in losses.

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The NBA informed teams that the salary cap for the 2019 - 20 season will bet set at 9 million, according to The Athletic's Shams Charania. The tax level was set at 3.733 million. The league's current Collective Bargaining Agreement, which was agreed to in 2017, is set to expire in 2024.

The Salary Cap and tax level go into effect at 12:01 a.m. ET on Monday, July 1. As announced by the league in May, this year teams can begin negotiating with free agents at 6 The Collective Bargaining Agreement provides for three different mid- level exceptions depending on a team 's salary level .

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By keeping the salary cap flat, teams should avoid a financial shock to their systems. Marks added teams are lobbying for the luxury-tax level to hit at $139 million next season, about $7 million more than the previous campaign.

The NBA is reportedly aiming for a December start for a shortened 2020-21 season.

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