NBA Salary Cap

[swimmer]

Found this article in the Washington Post that explains the NBA salary cap process, the Larry Bird exception rules, etc.

http://www.washingtonpost.com/wp-dyn/co ... 02011.html

A highlight from the article to gives a little history and comparison to other pro leagues:

The NBA salary cap was first implemented under the 1983 collective bargaining agreement for the 1984-85 season and is based on the league's revenue the previous season. At the time, teams were limited to $3.6 million per season. Reportedly, that number is projected to stand at $56.1 million for next season, slightly lower than last season's $57.7 million cap. The NBA won't officially announce the number until Thursday.

Unlike the salary caps in the NFL and NHL, the NBA cap is "soft," meaning teams can go over the threshold using a few exceptions.