Fast Break Basketball uses a Salary Cap on team salaries. The purpose of a salary cap is to prevent certain teams from signing every player that they want with no regard to salary. The salary cap will be $55,000,000 starting out, and may go up or down, depending on circumstances.
There are some exceptions to the salary cap:
*A team can always offer a player who played for their team the previous season a contract starting with at up to 120% of the salary the player made the previous season. The player may receive up to a 10% raise each year in the contract, and the contract can be up to 6 years.
*Each team has a mid-exception and a low-exception that it can offer players. The mid-exception is a one-season contract for $4,500,000. The low exception is a one-season contract for $1,200,000.
*If a player has gone three full seasons without changing teams via free agency, they are considered to have Bird Rights. A player with Bird Rights may be resigned by his previous team without any restriction from the salary cap. The number of seasons a player has gone without changing teams via free agency is reflected in their Bird Years.
The Hard Cap
-The Hard Cap is $90,000,000. You cannot go over the Hard Cap. If you do go over, you have 48 hours to get under. If you do not get under, you must forfeit your next 2 first round picks(If their are multiple picks I will decide), and you will also lose a player to waivers. You will also lose your MLE and LLE, and all FA privileges (even Bird rights) over the next 2 years.
The Minimum Cap
-The Minimum Cap will be $35,000,000. All teams must be over the Minimum Cap at the start of the season, and must not drop below the Minimum Cap during the season.If you are below the minimum cap at any point after FA you have 24 hours to get over the minimum cap. Any teams not satisfying this rule will be charged with 15 mill in cut salary for the current year, and the following 2 years.