Salary cap for 2006-07 season set at $53.135M

Updated: July 11, 2006, 10:07 PM ET
By Chad Ford | ESPN Insider

Lawyers for the league and the players' association had been working nearly around the clock for the past week counting revenues in order to calculate this year's salary cap. NBA teams received word late Tuesday on the new numbers.

The 2006-07 salary cap will be set at $53.135 million, an increase of $3.6 million from last season.

The luxury tax threshold will be $65.42 million, up $3.7 million from the $61.7 million threshold last season. Teams with payrolls over that ...

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