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12-12-2012, 09:56 AM
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Originally Posted by cheswick View Post
What's meant by mid-level cap exemption? Never heard of it before
In the NBA, the Mid-Level Cap Exemption allows a team to sign a player(s) to a 4 yr contract with a 1st year salary of up to $5M ($3.09M if the team is above a Luxury Tax threshold) and 4.5%/yr raises - even if the team does not have cap room.

It is one of a myriad of exemptions to the NBA's soft cap.

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