The NBA’s salary cap and luxury-tax line for the 2013-14 season will be higher than last projected, though not quite as high as once hoped.
NBA Salary Cap for the 2013-14 season will be $58.679M. The tax level for the 2013-14 season has been set at $71.748M
Larry Coon provides more details of what the NBA calculated during the July moratorium.
The player maximum salary (based on number of years in the league):
A free agent can exceed that maximum to receive 105 percent of his previous salary, so this won’t affect Dwight Howard, who can make more with the 105 percent clause.
How much money the players get back from an account designed to prevent them from getting paid more than the CBA calls for:
The early-bird amount:
That’s the most a free agent like J.R. Smith can earn next season by re-signing with his last team.
And the team salary floor:
Any team that doesn’t pay its players that much will have to distribute the difference to the players on the roster.
The moratorium ends at midnight, and teams can then begin officially completing all these signings and trades you’ve read about. Because the salary cap and luxury-tax level are slightly higher than expected, teams will have a little more flexibility than they once thought, so we might hear about even more moves soon as teams take advantage of that.
With so much focus in recent weeks being on NBA players speaking out on social issues, it’s worth remembering that Kareem Abdul-Jabbar has been one of the most vocal athletes in America on these things for decades. The Hall of Fame and all-time leading scorer in NBA history addressed the Democratic National Convention on Thursday evening, urging voters to vote for Hillary Clinton in November, and opened his remarks by introducing himself as Michael Jordan, because “Donald Trump couldn’t tell the difference.”
You can watch the video of his speech below:
In the weeks since Kevin Durant announced he was signing with the Golden State Warriors, we have yet to hear Russell Westbrook speak on his former teammate’s decision. This week, ESPN.com’s Royce Young indicated in a podcast interview that Durant was telling Westbrook and others in the days leading up to his decision that he was coming back to Oklahoma City. He later walked back his report, saying he misspoke. On Thursday, Durant himself told The Vertical‘s Shams Charania that he never said any such thing, or misled Westbrook or anyone else about his intentions.
“It’s false,” Durant told The Vertical on Thursday. “I didn’t say that – words about me telling Russell or Nick that I would stay or leave never came out of my mouth. We met as teammates, but no promises came out of it. In this day and age, I can’t control anything people claim out there. Someone can go out and say something random right now, and people will believe it.
“I never told Russell or Nick [Collison], ‘All right, guys, I’m coming back to the Thunder’ – and then a week later, I decide not to. Never happened. I don’t operate like that. I heard people say that story, but it’s not the truth.”
So that settles that.
CHICAGO (AP) The Chicago Bulls have signed guard Spencer Dinwiddie.
The Bulls acquired Dinwiddie in a trade with Detroit last month and waived him three weeks ago. He spent two years with the Pistons and appeared in 12 games last season, averaging 4.8 points and 13.3 minutes.
The Bulls announced the move Thursday.