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Time for business in the NBA as the Salary Cap for the 2008 - 09 Season was announced at $58,680 million. And the tax level for the season has been set at $71,150 million - meaning - any team exceeding that amount in salaries will pay one dollar tax for each dollar in excess of $71,150 million. The Salary Cap being set means the teams can begin signing free agents and making trades. Whoo hoo! Let the games begin! Source: Hoopinion Related Posts:
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