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 there are multiple picks I will decide), a player to waivers, and will be stripped of MLE, LLE, and bird right privileges for the upcoming free agency.
The Cap Floor
-The cap floor will be $35,000,000. All teams must be over the cap floor at the start of the season, and must not drop below the cap floor during the season. If you are below the cap floor at any point after FA, you have 24 hours to get over the cap floor. Any team failing to get over the cap floor upon their 24 hours notice will forfeit all their picks in the upcoming draft (if none in upcoming draft, then the subsequent one).