NEW YORK: The NBA’s salary cap for the 2016-17 season has been set at $94.1 million, a huge leap from last season that has led to the enormous deals being given players in free agency.
The cap last season was $70 million. The increase was largely because of revenue increases tied to the league’s new national TV deals, worth about $2.5 billion a year, that begin next season.
The new cap will go in effect at 12:01 a.m. EDT on July 7, ending the league’s moratorium period and allowing teams to sign players and make trades.
The tax level will be set at $113.3 million and the minimum team salary, which is 90 percent of the cap, is $84.7 million.
Also, the mid-level for non-taxpayer teams is $5.6 million. The taxpayer mid-level is $3.5 million and the mid-level for a team with room under the cap is $2.9 million.
Mahinmi agrees to $64M, 4-year deal with Wizards
With no roster depth at center, the Washington Wizards agreed Saturday to pay Ian Mahinmi $64 million over four years, according to a person familiar with the deal.
The person spoke to The Associated Press on condition of anonymity because NBA free agents are not allowed to sign contracts until next Thursday.
Mahinmi’s Twitter account had a message directed at the Wizards’ account, saying: “let’s goooo.”
The Washington Post first reported the terms of the contract.
The agreement came shortly after another player Washington reportedly was hoping to sign, Al Horford, chose to join the Boston Celtics.
Mahinmi should be able to provide defense and rebounding for the Wizards. He is a 6-foot-11, 250-pound center who averaged career highs of 9.3 points, 7.1 rebounds, 1.5 assists and about 25 minutes in 71 games, all starts, for the Indiana Pacers last season.
The 29-year-old Mahinmi, who is from France, was drafted in the first round by the San Antonio Spurs in 2005 and made his NBA debut in the 2007-08 season. For his career, he has averaged 5.1 points and 4.3 rebounds in less than 17 minutes.
Mahinmi is the first new player added to the Wizards since the start of free agency, although they did agree Friday to a $128 million, five-year contract that will keep shooting guard Bradley Beal with the team. Beal, who teams with John Wall to give Washington a dynamic backcourt, was a restricted free agent.
Washington had made sure to clear plenty of cap space heading into this offseason, and even after the contracts for Beal and Mahinmi, the team only has seven players signed. The only other center on the roster at the moment is last season’s starter, Marcin Gortat.
Last season, the Wizards went 41-41 to finish 10th in the Eastern Conference and miss the playoffs, following two consecutive trips to the second round. Randy Wittman was fired as coach and replaced by Scott Brooks.
The cap last season was $70 million. The increase was largely because of revenue increases tied to the league’s new national TV deals, worth about $2.5 billion a year, that begin next season.
The new cap will go in effect at 12:01 a.m. EDT on July 7, ending the league’s moratorium period and allowing teams to sign players and make trades.
The tax level will be set at $113.3 million and the minimum team salary, which is 90 percent of the cap, is $84.7 million.
Also, the mid-level for non-taxpayer teams is $5.6 million. The taxpayer mid-level is $3.5 million and the mid-level for a team with room under the cap is $2.9 million.
Mahinmi agrees to $64M, 4-year deal with Wizards
With no roster depth at center, the Washington Wizards agreed Saturday to pay Ian Mahinmi $64 million over four years, according to a person familiar with the deal.
The person spoke to The Associated Press on condition of anonymity because NBA free agents are not allowed to sign contracts until next Thursday.
Mahinmi’s Twitter account had a message directed at the Wizards’ account, saying: “let’s goooo.”
The Washington Post first reported the terms of the contract.
The agreement came shortly after another player Washington reportedly was hoping to sign, Al Horford, chose to join the Boston Celtics.
Mahinmi should be able to provide defense and rebounding for the Wizards. He is a 6-foot-11, 250-pound center who averaged career highs of 9.3 points, 7.1 rebounds, 1.5 assists and about 25 minutes in 71 games, all starts, for the Indiana Pacers last season.
The 29-year-old Mahinmi, who is from France, was drafted in the first round by the San Antonio Spurs in 2005 and made his NBA debut in the 2007-08 season. For his career, he has averaged 5.1 points and 4.3 rebounds in less than 17 minutes.
Mahinmi is the first new player added to the Wizards since the start of free agency, although they did agree Friday to a $128 million, five-year contract that will keep shooting guard Bradley Beal with the team. Beal, who teams with John Wall to give Washington a dynamic backcourt, was a restricted free agent.
Washington had made sure to clear plenty of cap space heading into this offseason, and even after the contracts for Beal and Mahinmi, the team only has seven players signed. The only other center on the roster at the moment is last season’s starter, Marcin Gortat.
Last season, the Wizards went 41-41 to finish 10th in the Eastern Conference and miss the playoffs, following two consecutive trips to the second round. Randy Wittman was fired as coach and replaced by Scott Brooks.
