NBA salary cap, tax level remain same
{{#rendered}} {{/rendered}}The NBA's salary cap and tax level will remain at the same numbers as last season, the league announced Tuesday night.
The salary cap was set at $58.044 million again for the 2012-13 season. Teams would pay a $1 penalty for each dollar they go over the $70.307 million tax level.
The numbers go into effect one minute past midnight on Wednesday, which is when teams can begin officially signing free agents and making trades.
{{#rendered}} {{/rendered}}The minimum team salary is set at 85 percent of the salary cap, or at $49.337 million.