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06-28-2005, 01:42 PM
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Originally Posted by Cuiffitelli
I thought the number would be higher than $29 million but the rest is what I heard as well. Thanks!!!
29 soft cap, after which a luxury tax will be applie to every dollar spent until they reach the 39.5 hard cap (which includes 2 or 3 mil in non salary benefits). Saying they will exceed the cap by 10 mil means they will reach the hard cap number and pay through the nose to get there. Since all trades and signings have to be approved by the league, it is impossible to exceed the hard cap.

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