According to nba.com, the NBA instituted a salary cap prior to
the 1984-85 season. The salary cap that first year was $3.6
million. The salary cap for the 2007-08 season is $55.63
million.
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A limit on how high a salary can be.
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The salary cap for the 2007 season is set at $109 million. Click
on the related link for the salary cap status of all 32 teams.
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What is the history behind the salary cap in the MLB?