Found July 07, 2009 on newsday.com:
From the NBA: NBA SALARY CAP FOR 2009-10 SEASON SET AT $57.7 MILLION NEW YORK, July 7, 2009 – The National Basketball Association today announced that the Salary Cap for the 2009-10 season will be $57.7 million. The tax level for the 2009-10 season has been set at $69.92 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $69.92 million. The 2008-09 Salary Cap was $58.68 million and the tax level was $71.15 million. Although league-wide...

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