Salary Cap, Luxury Tax Levels Set For 2012-2013 NBA Season

Today the NBA released the official salary cap and luxury tax numbers for the coming year, paving the way for teams to start officially signing players on Wednesday morning. The 2012-2013 NBA season will operate with a salary cap of $58.044 million, while the luxury tax will set in a $70.307 million--just like the last two seasons. For those curious on how the salary cap level is set, check out Larry Coon's exhaustive CBA FAQ. This cap number will officially go into effect at 12:01 am ET on Wednesday, July 11.

Including unofficial estimates for the contracts of Ersan Ilyasova ($9 million annually) and Doron Lamb (two-year minimum deal), the Bucks currently sit about $3.7 million above the salary cap and about $8.5 million below the luxury tax. Those figures also include the now officially-signed John Henson, whose rookie deal guarantees him around $1.8 million this season and $1.9 million next year. They can still make use of the full Mid-Level Exception ($5 million) and Bi-Annual Exception ($1.96 million). Frank stirred up thoughts of the future with this nugget via Twitter:

Hit the jump for a complete look at the Bucks' cap situation and a bit more discussion.

Bucks_cap_-_google_docs_large

(Google Docs Spreadsheet)

Much of Milwaukee's 2013 cap room will likely get tied up in an extension offer to Brandon Jennings, though he could choose to play under the 1-year qualifying offer and enter unrestricted free agency in 2014. The Bucks will also have to find replacements for Monta Ellis, Samuel Dalembert, and Mike Dunleavy, who all figure to play major roles on this year's squad. But the summer of 2013 could also mark the turning point in the contract of Drew Gooden, who could become a more realistic trade or amnesty candidate at that time. With "only" two more years on his deal after this season, a team looking for veteran frontcourt help might be tempted to put in a modest waiver claim, reducing Milwaukee's obligation to the point where Herb Kohl and John Hammond are comfortable cutting him loose. Alternatively, he should also be easier to move via trade.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Brew Hoop

You must be a member of Brew Hoop to participate.

We have our own Community Guidelines at Brew Hoop. You should read them.

Join Brew Hoop

You must be a member of Brew Hoop to participate.

We have our own Community Guidelines at Brew Hoop. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker