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LeBron James is about to get a better salary than he was expecting. James chose not to participate in the final year of his contract with the Cavaliers, which would have paid him $ 35.6 million so that he could become an unrestricted free agent. He should now earn slightly more than next season.
The NBA announced on June 30, a few hours before the start of the free agency, that the official salary cap for the 2018-19 season would be set at $ 101.869 million, with the tax line set at $ 123.733 millions of dollars. The teams were working on the assumption that the cap would be $ 101 million.
The National Basketball Association announced today that the salary cap has been set at $ 101.869 million for the 2018-2019 season. The level of taxation for the 2018-19 season is $ 123.733 million.
The salary cap and tax level will come into effect at 12:01 pm ET on Sunday, July 1, when the league's "moratorium period" will begin and the teams will be able to negotiate with free agents. The moratorium period ends at 12:01. AND Friday, July 6th.
The minimum salary of the team, which is set at 90% of the salary cap, is $ 91.682 million for the 2018-1919 season.
The collective agreement provides for three different intermediate levels of exceptions based on the salary level of a team. The average non-taxpayer level for the 2018-19 season is $ 8.641 million, the average taxpayer is $ 5.337 million and the intermediate level is for a team with a salary cap of $ 4.449 million.
This has to do with James? Well, the assumption is that everywhere he signs will give him a maximum contract. A maximum contract for James will start at 35% of the salary cap because he's been in the league for over 10 years. Players who have been in the league for six years or less can only make 25 percent of the ceiling in the first year of maximum agreement. Players who have been in the NBA for seven to nine years make 30 percent of the first year's cap.
The James player option was retired in Cleveland was worth $ 35.6 million. With this new increase in the salary cap, he will be able to sign a maximum contract that will bring him $ 35.63 million next season. It's assuming that he takes a maximum contract, of course.
How this affects James in the long run is a little harder to predict. The ceiling is expected to increase even more for the 2019-20 NBA season. James could very easily take a two-year contract, with the option of becoming an unrestricted free agent after a season, then trying to profit from the rising salary cap. However, James would make this deal at 34 years old. He could simply decide to sign a long-term agreement and finish his career comfortably wherever he signs.
If James decides to sign a maximum of five years with Cleveland, it will be worth $ 207.79 million. If he signs a maximum of four years elsewhere, he will be worth $ 153.3 million.
This is LeBron James, and he has always made his decision for his own reasons. Whatever decision he makes, it will certainly be profitable for him, be it money through his contract, a win on the basketball court or a combination of both.
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