I read about some new salary cap “curtains” in the NBA next year and realized I don’t understand the NBA salary cap or MLB or NFL. Would someone please elaborate on them for me.
Thanks
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The point of salary caps is to encourage equality between the teams and therefore make the games more competitive and more exciting. A team can only spend a specific amount of money on all of their players. Some sports use hard salary caps, some use caps that have exceptions, some don’t use caps at all.
In some sports – such as the NFL – there are salary minimums. Those exist to a) keep player salaries higher and b) prevent some owners from getting the benefits of being in the league (TV money, mostly) while spending as little as possible on their teams.
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