Salary cap - ANSWER limit on the amount teams can spend on player contracts
Soft cap - ANSWER type of salary cap that can be exceeded in certain circumstances
to allow teams to retain their own players
Hard cap - ANSWER type of salary cap that cannot be exceeded for any reason
Collective Bargaining Agreement (CBA) - ANSWER legal contract between the league
and players association that sets up the rules by which the league operates
Examples of what is included in the CBA - ANSWER 1. Salary cap information
2. Minimum & maximum salaries
3. Draft procedures
4. Rules for trades
Basketball Related Income (BRI) - ANSWER Includes any income related to basketball
operations received by the NBA or its subsidiaries
(Also includes income from businesses in which the league or a team has an ownership
stake of at least 50%)
Examples of what is included in BRI - ANSWER 1. Ticket sales
2. Concession sales
3. Parking
4. Broadcast rights
Examples of what is NOT included in BRI - ANSWER 1. Fines
2. Interest income
3. Sale of assets
4. Revenue sharing
How is the salary cap set each year? (If the league and NBPA agree on amount of BRI)
- ANSWER % of BRI / # of teams in the league