When the clock strikes 12 in several minutes, ending the moratorium period and beginning the feeding frenzy of free agency, these are the numbers NBA teams will be working with for the 2012-13 season as announced by the league Tuesday night:
- The salary cap will be $58.044 million. That is the same amount it was last season.
- The luxury tax threshold will be $70.307 million. That is also the same as last season. Any team whose payroll exceeds the threshold has to pay $1 for every $1 of overage. That money is reimbursed to non-tax-paying teams.
- The salary floor, or minimum team salary, is $49.337 million. All teams must meet that minimum, which is 85 percent of the salary cap. Under the previous CBA, the salary floor was 75 percent of the salary cap.
There are three mid-level exceptions to the salary cap available to teams.
- The mid-level exception for teams below the cap is $2.575 million.
- The mid-level exception for teams below the tax is $5.0 million. This is the conventional mid-level exception.
- The mid-level exception for teams above the tax is $3.09 million.