ULTIMATE NBA AGENT STUDY GUIDE BY BOBBY
MARKS | ACTUAL EXAM QUESTIONS WITH
ANSWERS VERIFIED 100% CORRECT|
Bonuses and Salary Cap - ✔✔Nikola Jokic and Aaron Gordon earned bonuses in their
contract for team success during the 2023 playoffs. Did those bonuses apply toward the
salary cap or luxury tax at the end of the season? A. Salary Cap B. Luxury Tax
Luxury Tax Penalty - ✔✔A team is $4 million over the luxury tax but is not a repeater
tax team. How much of a tax penalty do they owe at the end of the 2024-25 season? A.
$4 million B. $6 million C. $5.5 million D. $10 million
New York Knicks Tax Penalty - ✔✔The New York Knicks are $8,371,045 over the
luxury tax. They are not a repeater tax team. What is their tax penalty at the end of the
regular season? A. $15.5 million B. $10.2 million C. $13.4 million D. $8.2 million
Tax Apron Growth - ✔✔For the 2024-25 Salary Cap Year and each subsequent Salary
Cap Year, the Tax Apron Amount and Second Tax Apron Amount will grow over their
prior Salary Cap Year amounts at the rate of growth in the Salary Cap. A. True B. False
Signing Waived Players - ✔✔Teams over the first and second are allowed to sign a
player waived during the regular season who had a prior salary of the non-tax midlevel
exception or more. A. True B. False
Acquiring Players Over Apron - ✔✔For the 2024 offseason and beyond, a team over
the first and second apron can acquire a player within what percentage. The post
transactional salary exceeds either apron. A. 150% B. 110% C. 100% D. 125%
, Aggregating Contracts Over Second Apron - ✔✔For the 2024 offseason and beyond, a
team over the second apron is allowed to aggregate contracts to send out in a trade if
the post transaction salary exceeds the second apron. A. True B. False
Sign-and-Trade Over First Apron - ✔✔A team over the first apron is allowed to
acquire a player in a sign-and-trade. A. True B.
Tax midlevel exception - ✔✔A team over the luxury tax but below the first apron is
allowed to use the tax midlevel exception.
Biannual exception - ✔✔A team over the first apron can use the biannual exception.
Tax midlevel exception eligibility - ✔✔A team is allowed to use the tax midlevel
exception if it exceeds the second apron.
Cash in trade rule - ✔✔Starting with the 2024 offseason, a team over the second
apron is allowed to send cash in a trade.
Pre-existing trade exception - ✔✔Starting with the 2024 offseason, a team over the
first and second apron is allowed to use a pre-existing trade exception.
First-round pick freeze year - ✔✔If a team is over the second apron in 2024-25, their
first-round pick is frozen in 2029.
First-round pick movement year - ✔✔If a team is over the second apron in 2024-25,
2025-26, 2026-27, their first-round pick moves back to the end of the first round in
2032.
MARKS | ACTUAL EXAM QUESTIONS WITH
ANSWERS VERIFIED 100% CORRECT|
Bonuses and Salary Cap - ✔✔Nikola Jokic and Aaron Gordon earned bonuses in their
contract for team success during the 2023 playoffs. Did those bonuses apply toward the
salary cap or luxury tax at the end of the season? A. Salary Cap B. Luxury Tax
Luxury Tax Penalty - ✔✔A team is $4 million over the luxury tax but is not a repeater
tax team. How much of a tax penalty do they owe at the end of the 2024-25 season? A.
$4 million B. $6 million C. $5.5 million D. $10 million
New York Knicks Tax Penalty - ✔✔The New York Knicks are $8,371,045 over the
luxury tax. They are not a repeater tax team. What is their tax penalty at the end of the
regular season? A. $15.5 million B. $10.2 million C. $13.4 million D. $8.2 million
Tax Apron Growth - ✔✔For the 2024-25 Salary Cap Year and each subsequent Salary
Cap Year, the Tax Apron Amount and Second Tax Apron Amount will grow over their
prior Salary Cap Year amounts at the rate of growth in the Salary Cap. A. True B. False
Signing Waived Players - ✔✔Teams over the first and second are allowed to sign a
player waived during the regular season who had a prior salary of the non-tax midlevel
exception or more. A. True B. False
Acquiring Players Over Apron - ✔✔For the 2024 offseason and beyond, a team over
the first and second apron can acquire a player within what percentage. The post
transactional salary exceeds either apron. A. 150% B. 110% C. 100% D. 125%
, Aggregating Contracts Over Second Apron - ✔✔For the 2024 offseason and beyond, a
team over the second apron is allowed to aggregate contracts to send out in a trade if
the post transaction salary exceeds the second apron. A. True B. False
Sign-and-Trade Over First Apron - ✔✔A team over the first apron is allowed to
acquire a player in a sign-and-trade. A. True B.
Tax midlevel exception - ✔✔A team over the luxury tax but below the first apron is
allowed to use the tax midlevel exception.
Biannual exception - ✔✔A team over the first apron can use the biannual exception.
Tax midlevel exception eligibility - ✔✔A team is allowed to use the tax midlevel
exception if it exceeds the second apron.
Cash in trade rule - ✔✔Starting with the 2024 offseason, a team over the second
apron is allowed to send cash in a trade.
Pre-existing trade exception - ✔✔Starting with the 2024 offseason, a team over the
first and second apron is allowed to use a pre-existing trade exception.
First-round pick freeze year - ✔✔If a team is over the second apron in 2024-25, their
first-round pick is frozen in 2029.
First-round pick movement year - ✔✔If a team is over the second apron in 2024-25,
2025-26, 2026-27, their first-round pick moves back to the end of the first round in
2032.
