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League Announces New Salary Cap

The league has announced a new salary cap of $58.679MM, according to several NBA reporters, including the Boston Globe's Gary Washburn. The luxury tax will be $71.748MM. 

Both figures are up from last season, when the salary cap was $58.044MM and the luxury tax was $70.307MM. Larry Coon of's twitter timeline is full of new information with regards to how the tax and cap affect exceptions and maximum and minimum salaries.

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