League Need4Sheed.com & SportsAgentBlog.com Collective Bargaining Agreement - Mock GM® 2008-09
2007-08 Salary Cap: |
$58,927,613.00
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2008-09 Salary Cap: |
$62,354,390.00
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2008-09 Salary Cap Threshold: |
$66,088,023.00
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Luxury Tax: |
$00.67 for every dollar over the 2007-08 Salary Cap at the conclusion of the College Draft.
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Max Yearly Salary Band 1 (0 - 6 years): |
$14,341,510.00 ($15,058,585.00 If Re-signed by current team)
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Min Yearly Salary Band 1 (0 - 6 years): |
$467,658.00
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Max Yearly Salary Band 2 (7 - 9 years): |
$14,341,510.00 ($15,058,585.00 If Re-signed by current team)
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Min Yearly Salary Band 2 (7 - 9 years): |
$966,493.00
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Max Yearly Salary Band 3 (10+ years): |
$20,888,721.00 ($21,933,157.00 If Re-signed by current team)
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Min Yearly Salary Band 3 (10+ years): |
$1,340,619.00
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Mid-Level Exception : |
$5,750,000.00
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Mid-Level Exception (60%): |
$3,450,000.00
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Mid-Level Exception (40%): |
$2,300,000.00
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Bi-Level/Lower Level Exception: : |
$2,012,500.00
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What teams get exceptions: : |
Immediately following the League Need4Sheed.com & SportsAgentBlog.com College Prospect Draft, each teams 2008-09 payroll is calculated along with their projected rookie draft class salaries, and the 2008-09 exceptions. If that total amount is above the 2008-09 salary cap threshold, those teams will receive both league exceptions. If that total is below the new salary cap threshold, then those teams will not recieve the 2008-09 exceptions.
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