Salary cap for next NBA season set at $55.6 million
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The National Basketball Association's salary cap for the 2007-08 season will be $55.6 million, the league announced on Tuesday.
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The NHL players&#39; association will begin issuing lockout pay to more than 730 players. Payments will start this month, and players will get $10,000 each for November and another $10,000 for December, with subsequent
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JaMarcus Russell and the Oakland Raiders are reportedly close to agreement on a six-year contract that will guarantee the quarterback more than $30 million in the richest contract ever for a rookie.
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Utah Jazz forward Andrei Kirilenko is reportedly set to walk away from 63 million dollars remaining on his National Basketball Association contract.
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Andres Nocioni has agreed to a five-year deal worth 38 million dollars to remain with the National Basketball Association&#39;s Chicago Bulls, the Chicago Tribune&#39;s website reported here Friday.
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Kendrick Perkins said signing a four-year extension worth approximately $16 million took stress off his shoulders. Considering that he is coming back from arthroscopic surgery on his left shoulder, that is good news for the Celtics.
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National Basketball Association  Commissioner David Stern said on Tuesday he expects to sign a  new television deal, one that includes a "healthy" increase  over the current $4.6 billion terms, before the end of the  current 2006-07 basketball season.
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NBA Ron Artest and Stephen Jackson are in trouble with the NBA again. The central figures in the brawl at the Palace of Auburn Hills were each suspended without pay by the league yesterday for the first seven games of next season because of their most recent legal problems. Artest, now with the Sacramento Kings, pleaded no contest in May ...
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The Celtics signed Kendrick Perkins to a four-year extension yesterday worth approximately $16 million with incentives. Perkins is entering the fourth year of his rookie contract worth $1.7 million, and the club needed to make a determination about his future before Oct. 31; otherwise he would have become a restricted free agent at the end of the upcoming season.
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Utah Jazz forward Andrei Kirilenko signed a six-year, &#36;86 million contract extension with the team Friday. The deal, which culminated three months of negotiations, will kick in next season.
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With everyone back on a team that made the Western Conference finals, the Minnesota Timberwolves expected to be at least as good this season. The early going hasn't been smooth at all, though. The Wolves rank just sixth in the West as 2004 comes to a close, and owner Glen Taylor can't be pleased with a 16-11 record in exchange for one of the NBA's five highest payrolls.
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Ron Artest needed some time off recently from his $6,157,895 gig as a guard for the Indiana Pacers to get ready for the release of his rap album.
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Chauncey Billups and the Detroit Pistons agreed upon a five-year deal thought to be worth 60 million dollars, the Detroit News reported Tuesday, but his agent said no deal is concluded.
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After leading Florida to consecutive menâs basketball national titles, Coach Billy Donovan will reportedly accept a six-year $36 million offer from the Orlando Magic.
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Amare Stoudemire, who will make 2.32 million dollars this season, had his fourth-year option picked up on his contract, the Phoenix Suns announced.
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Thanks to a huge bump in the salary cap, teams have more money to spend than ever before, meaning mediocre players are getting megadeals in free agency.
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Vince Carter and the New Jersey Nets have the framework in place for a four-year contract that guarantees the All-Star more than $60 million, according to a person with knowledge of the deal.