FIRST WARNING WEATHER: Flash Flood Watch Issued For Most Of Maryland Friday Afternoon Until 2 p.m. Saturday | Current Conditions | Current RadarDownload The WJZ Weather App

WJZ BREAKING: Ravens QB Joe Flacco will be out for a week with back soreness, per coach John Harbaugh.

NBA Salary Cap Set At $99 Million For 2017-18 Season

NEW YORK (AP) — The NBA has set the salary cap at $99 million for the 2017-18 season.

The announcement came early Saturday morning, allowing for the start of free agency. The tax level also was set at $119.3 million.

Under a change in the new Collective Bargaining Agreement, the cap was set at the start of the moratorium period. It used to come at the end of the period, allowing teams to begin signing players.

The moratorium will end at 12:01 p.m. EST on July 6.

Teams were given three mid-level exceptions depending on their salary level. The non-taxpayer mid-level for this season is $8.4 million. The taxpayer mid-level is $5.2 million and the mid-level for a team with room under the Cap is $4.3 million.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Baltimore

Track Weather On The Go With Our App!
Your Podcast Network Play.it
CBS All Access

Watch & Listen LIVE