History
The NBA had a salary cap in the mid-1940s, but it was abolished after only one season. The League continued to play without such a cap until 1984–85, when the current incarnation of the salary cap was instituted in an attempt to level the playing field among all of the NBA's teams and ensure competitive balance for the League in the future. Before the cap was reinstated, teams could spend whatever amount of money they wanted on players, but in the first season under the new cap, they were each limited to $3.6 million in total payroll.
Under the 2005 CBA, salaries were capped at 57 percent of basketball-related income (BRI) and lasted for six years, until June 30, 2011. The 2011 CBA set the cap at 51.2 percent of BRI in 2011–12, with a 49-to-51 band in subsequent years.
NBA Salary Cap and average player salary since the introduction of the cap in 1984.
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Salary Cap |
Avg. Player Salary |
Read more about this topic: NBA Salary Cap
Famous quotes containing the word history:
“I saw the Arab map.
It resembled a mare shuffling on,
dragging its history like saddlebags,
nearing its tomb and the pitch of hell.”
—Adonis [Ali Ahmed Said] (b. 1930)
“There is nothing truer than myth: history, in its attempt to “realize” myth, distorts it, stops halfway; when history claims to have “succeeded” this is nothing but humbug and mystification. Everything we dream is “realizable.” Reality does not have to be: it is simply what it is.”
—Eugène Ionesco (b. 1912)
“Universal history is the history of a few metaphors.”
—Jorge Luis Borges (1899–1986)