NBA Sets Salary Cap For 2012-13

February 25, 2012; Orlando FL, USA; NBA commissioner David Stern (right) and deputy commissioner Adam Silver address the media at the Amway Center in Orlando. Mandatory Credit: Kim Klement-US PRESSWIRE

The NBA has announced the salary cap number and the tax level for the 2012-13 season.

As NBA teams are trying to fill out their rosters and complete blockbuster trades, the NBA has finally announced the salary cap for the upcoming 2012-13 season. The salary cap for the 2012-13 season has been set at $58.044 million for each team and the tax level has been set at $70.307 million.

Teams have been negotiating with free agents the over the past week, but can officially sign players on Wednesday, July 11, and now know how they can fit players in under the cap. The cap and the tax level are both exactly the same as they were for the 2011-12 season, which is what was expected.

Now that the levels are official and have been announced by the league, some teams who were wondering if they should use their amnesty clauses on players have a baseline for their salaries and can move forward.

For more on the 2012 NBA Season stay tuned to SB Nation's dedicated NBA hub.

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 SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. 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.