Methods For Limiting Payroll
In the Big 4 North American sports leagues (Major League Baseball (MLB), National Basketball Association (NBA), National Football League (NFL), and National Hockey League (NHL)), there are three different methods employed to limit individual teams payroll: hard salary cap, soft salary cap with luxury tax, and luxury tax.
Read more about this topic: Luxury Tax (sports)
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—François, Duc De La Rochefoucauld (1613–1680)
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