Remember last year when this was a solemn day for the Wizards, as they took a hefty hit against a salary cap that had dropped by nearly $1 million? Not exactly the case this season.
A short time ago the NBA officially announced that the salary cap for the 2010-11 season will be $58.044 million (luxury tax $70.307 million), and increase of $344,000 from 2009-10. The important thing to remember is that any team whose team salary exceeds that figure will pay a dollar-for-dollar tax for each $1 that exceeds $70.307 million.
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