CBA is signed, salary cap set
Apparently, in the wee hours this morning the league and union hammered out the final details of the new collective bargaining agreement. While I am still eager to find out what those details are, we have gotten word on what the salary cap, luxury tax threshold, and MLE will be.
- Salary cap: $49.5 million
- Luxury tax threshold: $61.7 million
- MLE: 5.0 million
- Salary cap: $49.2 million
- Luxury tax threshold: $59.7 million
- MLE: $5.4 million
Except for the fact that 49.5% apparently was used to compute the salary cap (rather than 51% like will reportedly be used next season), the salary cap and luxury tax threshold are almost dead on what I predicted. This suggests that the formula for projected BRI was not changed substantially, which would mean that we should expect the salary cap to stay about the same in 2006-07 and for the luxury tax threshold to fall.
Now the MLE is a bit lower than I expected, so it appears that perhaps some changes were made to that formula. I am eager to see what they are.
Last updated: 8:00 AM, July 30, 2005