The Manila Times

NBA sets 2016-17 salary cap, Horford to join Celtics

- AFP

NEW YORK: The salary cap for each NBA club for the 2016-2017 season has been set at $94.14 million, the league announced on Saturday (Sunday in Manila), also establishi­ng a minimum payroll of $84.72 million per team.

Also set for next season was the tax level limit of $113.28 million. While many teams can spill over the salary cap due to exceptions, fewer crack the higher level, which imposes a tax upon clubs for every dollar spent above that total payroll mark.

(Friday in Manila).

NBA free agency began Friday and players and teams can agree to the terms of a deal but nothing is

The current NBA-union deal allows for three different mid-level exceptions to the cap to pay a salary depending on a team’s total salary level.

The level for a club not paying the luxury tax is $5.62 million while the taxpayer mid-level exception is $3.47 million and teams under the salary cap have an exception spot of only $2.89 million.

In a tentative deal on Saturday, Al Horford and the Boston Celtics appear to have verbally agreed to terms on a four-year contract worth $113 million.

Horford, an unrestrict­ed free agent, has played his entire nine-year career in the Atlanta Hawks, who drafted him third overall in 2007.

The four-time All-Star averaged 15.2 points, 7.3 rebounds and 3.2 assists this past season.

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