NBA Announces Salary Cap for 2007-2008

The official salary cap, tax level, and mid-level exception have been set for the 07-08 season.  Free agents now have the green light to sign…sign…sign.

drewgooden_190x285.jpgNEW YORK, July 10, 2007 – The National Basketball Association today announced that the Salary Cap for the 2007-08 season will be $55.630 million. The new Cap goes into effect at 12:01 a.m. ET on Wednesday, July 11, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades.

The tax level for the 2007-08 season has been set at $67.865 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $67.865 million.

The mid-level exception is $5.356 million for the 2007-08 season and the minimum team salary, which is set at 75% of the Salary Cap, is $41.723 million.

For the 2006-07 season, the Salary Cap was set at $53.135 million, the tax level was $65.42 million and the mid-level exception was $5.215 million. Via “NBA.com”

Here is where things start to get interesting.  Stay tuned for the latest signs and trades made by the Cavs.

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3 Comments

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  • Banner

    cavscourtanimationgrey ____________________________
  • 2007-2008 Schedule

    (* - Denotes Home Games)

    October
    31: vs Dallas*, 74-92 (L)

    November
    02: vs Knicks*, 110-106 (W)
    04: vs Phoenix, 92-103 (L)
    06: vs Warriors, 108-104 (W)
    07: vs Utah, 101-103 (L)
    09: vs Sacramento, 93-91 (W)
    11: vs LA Clippers, 103-95 (W)
    12: vs Denver, 100-122 (L)
    14: vs Orlando*, 116-117 (L)
    16: vs Utah*, 99-94 (W)
    20: vs Bucks*, 107-111 (L)
    21: vs Minnesota, 97-86 (W)
    24: vs Toronto*, 111-108 (W)
    25: vs Indiana, 111-106 (W)
    27: vs Boston*, 109-104 (W)
    28: vs Detroit, 74-109 (L)
    30: vs Toronto, 82-91 (L)

    December
    02: vs Boston, 70-80 (L)
    04: vs Nets*, 79-100 (L)
    05: vs Washington, 86-105 (L)
    08: vs Charlotte, 93-96 (L)
    11: vs Indiana*, 118-105 (W)
    14: vs Nets, 97-105 (L)
    15: vs Philadelphia*, 86-92 (L)
    17: vs Milwaukee*, 104-99 (L)
    19: vs New York, 90-108 (L)
    20: vs LA Lakers*, 94-90 (W)
    23: vs Warriors*, 96-105 (L)
    25: vs Miami*, 96-82 (W)
    27: vs Dallas, 88-81 (W)
    29: vs New Orleans, 76-86 (L)

    January
    02: vs Atlanta*, 98-94 (W)
    04: vs Kings*, 97-93 (W)
    06: vs Toronto, 93-90 (W)
    08: vs Seattle*, 95-79 (W)
    09: vs Atlanta, 81-90 (L)
    11: vs Charlotte*, 113-106 (W)
    15: vs Memphis, 132-124 (W)
    17: vs San Antonio, 90-88 (W)
    21: vs Miami, 97-90 (W)
    23: vs Wizards*, 121-85 (W)
    25: vs Phoenix*, 108-110 (L)
    27: vs La Lakers, 98-95 (W)
    30: vs Portland, 84-83 (W)
    31: vs Seattle, 95-101 (L)

    February
    02: vs LA Clippers*, 98-84 (W)
    05: vs Boston*, 114-113 (W)
    07: vs Houston, 77-92 (L)
    08: vs Atlanta, 100-95 (W)
    10: vs Denver*, 83-113 (L)
    11: vs Orlando, 118-111 (W)
    13: vs Spurs*, 105-112 (L)
    19: vs Houston*, 85-93 (L)
    20: vs Indiana, 106-97 (W)
    22: vs Wizards*, 90-89 (W)
    24: vs Memphis*, 109-89 (W)
    26: vs Milwaukee, 102-105 (L)
    27: vs Boston, 87-92 (L)
    29: vs Minnesota*, 92-84 (W)

    March
    02: vs Chicago*, 95-86 (W)
    05: vs New York, 119-105 (W)
    06: vs Chicago, 96-107 (L)
    08: vs Indiana*, 103-95 (W)
    10: vs Portland*, 88-80 (W)
    12: vs New Jersey, 99-104 (L)
    13: vs Washington, 99-101 (L)
    16: vs Charlotte*, 98-91 (W)
    17: vs Orlando, 90-104 (L)
    19: vs Detroit*, 89-73 (W)
    21: vs Toronto*, 90-83 (W)
    22: vs Milwaukee, 8:30p
    26: vs New Orleans*, 7p
    29: vs Detroit, 7:30p
    30: vs Philadelphia*, 6p

    April
    02: vs Charlotte, 7p
    03: vs Chicago*, 8p
    05: vs Orlando*, 3p
    09: vs New Jersey*, 7p
    11: vs Chicago, 7p
    13: vs Miami*, 1p
    14: vs Philadelphia, 7p
    16: vs Detroit*, 7p
    ____________________________
  • Credits

    All photos are property of the Cleveland Cavaliers, the NBA, and their respective owners.

    NBA rules, regulations, and historical data courtesy of the NBA, and Wikipedia.

    Animations courtesy of Cre8ive Juice: cre8ivejuicedesign@gmail.com