Miami Heat
Post by billy on Jun 5, 2015 8:41:15 GMT -5
Salary Cap
Hard Cap
Luxury Tax
2014/15: $63,100,000
2015/16: $70,000,000
2016/17: $94,000,000
2017/18: $99,000,000
2018/19: $101,869,000
2015/16: $70,000,000
2016/17: $94,000,000
2017/18: $99,000,000
2018/19: $101,869,000
Hard Cap
2017/18: 150% of Salary Cap
2018/19: 150% of Salary Cap
You can't be over the hard cap.
Only salaries in black and grey and penalties (i.e. luxury tax) count against your hard cap total.
Cap holds like the MLE, Birds rights, QO etc do not count toward the hard cap penalty. These cap holds will turn into proper salaries as stated in the according rules (usually beginning of regular season), and hard cap enforcement would begin immediately.
Anyone whose team is over the hard cap at the current time has their team placed under league control and has moves made for them until they are under the hard cap. Optionally fired if they bitch about it. If youre projected to be over the hard cap in the future, its your job to get under the hard cap before it happens. Just like its your job to make your draft picks and send bids to free agents, and if you dont do your job you get fired.
2018/19: 150% of Salary Cap
You can't be over the hard cap.
Only salaries in black and grey and penalties (i.e. luxury tax) count against your hard cap total.
Cap holds like the MLE, Birds rights, QO etc do not count toward the hard cap penalty. These cap holds will turn into proper salaries as stated in the according rules (usually beginning of regular season), and hard cap enforcement would begin immediately.
Anyone whose team is over the hard cap at the current time has their team placed under league control and has moves made for them until they are under the hard cap. Optionally fired if they bitch about it. If youre projected to be over the hard cap in the future, its your job to get under the hard cap before it happens. Just like its your job to make your draft picks and send bids to free agents, and if you dont do your job you get fired.
Luxury Tax
Luxury Tax Cap: 125% of salary cap
If the luxury tax is exceeded you will begin being penalized 10% of salary cap*x over x years, with x being the number of years you've been over the cap.
Example: Billy King goes over the luxury cap and remains that way for 3 years. He is penalized 10% of the salary cap year one, 20% of the salary cap year two, and 30% of the salary cap year 3. If this results in his team going over the hard cap, the team must cut and stretch players to get under the hard cap.
If the luxury tax is exceeded you will begin being penalized 10% of salary cap*x over x years, with x being the number of years you've been over the cap.
Example: Billy King goes over the luxury cap and remains that way for 3 years. He is penalized 10% of the salary cap year one, 20% of the salary cap year two, and 30% of the salary cap year 3. If this results in his team going over the hard cap, the team must cut and stretch players to get under the hard cap.
New York Knicks
