The 2009-10 Salary Cap was $57.70 million and the tax level was $69.92 million.
The new Salary Cap and tax level go into effect at 12:01 a.m. ET on Thursday, July 8, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades.
The mid-level exception is $5.765 million for the 2010-11 season and the minimum team salary, which is set at 75% of the Salary Cap, is $43.533 million.
Last summer, the NBA sent out a memo to teams warning them that the cap would be potentially in the neighborhood of $52 million.
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