Sources: NBA sets salary cap for next season at $58.68 million - NBA

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Salary Cap Set
Published 7/9/2008 at CelticsBlog
For those that can follow the math... The NBA salaray cap for the 2008-09 season will be $58.68 million, ESPN.com has learned. The figure was arrived at after daylong consultations between lawyers for the NBA and the players' union. The luxury tax threshold will be $71.15 million, and the value of the mid-level exception will be $5.585 million. Over-the-cap teams can only offer the mid-level exception to free agents. busy

NBA sets salary cap, mid-level exception and luxury tax
Published 7/9/2008 by Dave Dial at Detroit Pistons Full-Court Press - MLive.com
July 9, ESPN: The NBA salary cap for the 2008-09 season will be $58.68 million, ESPN.com has learned...The luxury tax threshold will be $71.15 million, and the value of the mid-level exception will be $5.585 million. Over-the-cap teams can only offer the mid-level exception to free agents. For comparison sake, last year's cap was $55.63 million. It was $53.135 million in 2006-07 and $49.5 million ($37.125 million for the Charlotte Bobcats) in 2005-06. This puts the Pistons about 10-11 million below the luxury tax threshold with 10 players under contract and 4-5 roster spots to ...

NBA Salary Cap
Published 7/9/2008 by Brian at Depressed Fan
According to ESPN.com, the cap number will come in at $58.68M, slightly below expectations. Other pertinent information: Luxury tax threshold: $71.15M (The Sixers could easily be paying the luxury tax, depending on the size of Iguodala's deal) The mid-level exception has been set at $5.585M. The Sixers do not have a mid-level to play with.It's a waiting game now, I'm hoping a formal announcement on the Brand signing will come tonight so I can rest easy, but it's doubtful. Here's a question for you, which team is the biggest loser early ...

Salary Cap Stuff
Published 7/9/2008 by Jim at Green Bandwagon: Front Page Posts
... I should have mentioned this earlier: The NBA recently set the salary cap for the the 2009 season at $58.68 million. The luxury tax threshold is $71.15 million. This is important when you consider ...

Cavs Financial Situation
Published 8/17/2008 by Smooth at Cavalier Attitude
... options being exercised, as well as players taking their qualifying offers. So really the only real accurate number we have right now is the salary cap number for next year. All the rest of the years really just loose guesses, but they all the correct calculations factoring in all the options, qualifying offers, etc. (I know, confusing). Keep in mind that the league re-sets the salary cap and luxury tax every year (not by much but), so it differs from year to year. But for next year, the salary cap will be $55.63 million and the luxury tax will be $71.15 million . You can ...