In professional sports, a salary cap is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries. It exists as a per-player limit or a total limit for the team's roster, or both. Several sports leagues have implemented salary caps, using them to keep overall costs down, and also to maintain a competitive balance by restricting richer clubs from entrenching dominance by signing many more top players than their rivals. Salary caps can be a major issue in negotiations between league management and players' unions because they limit players' and teams' ability to negotiate higher salaries even if a team is operating at significant profits, and have been the focal point of several strikes by players and lockouts by owners and administrators.
![<span class="mw-page-title-main">Professional sports</span> Sports in which participants receive payment for their performance](https://upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Cristiano_Ronaldo_and_Lionel_Messi_-_Portugal_vs_Argentina%2C_9th_February_2011.jpg/320px-Cristiano_Ronaldo_and_Lionel_Messi_-_Portugal_vs_Argentina%2C_9th_February_2011.jpg)
In professional sports, as opposed to amateur sports, participants receive payment for their performance. Professionalism in sport has come to the fore through a combination of developments. Mass media and increased leisure have brought larger audiences, so that sports organizations or teams can command large incomes. As a result, more sportspeople can afford to make sport their primary career, devoting the training time necessary to increase skills, physical condition, and experience to modern levels of achievement. This proficiency has also helped boost the popularity of sports. In most sports played professionally there are many more amateur than professional players, though amateurs and professionals do not usually compete.
![<span class="mw-page-title-main">Gary Bettman</span> NHL Commissioner](https://upload.wikimedia.org/wikipedia/commons/thumb/0/07/Gary_Bettman_in_2016_%28cropped%29_%28cropped%29.jpg/320px-Gary_Bettman_in_2016_%28cropped%29_%28cropped%29.jpg)
Gary Bruce Bettman is an American sports executive who serves as the commissioner of the National Hockey League (NHL), a post he has held since February 1, 1993. Previously, Bettman was a senior vice president and general counsel to the National Basketball Association (NBA). Bettman is a graduate of Cornell University and New York University School of Law. Bettman was elected to the Hockey Hall of Fame in 2018.
A luxury tax in professional sports is a surcharge put on the aggregate payroll of a team to the extent to which it exceeds a predetermined guideline level set by the league. The ostensible purpose of this "tax" is to prevent teams in major markets with high incomes from signing almost all of the more talented players and hence destroying the competitive balance necessary for a sport to maintain fan interest. The money derived from the "tax" is either divided among the teams that play in the smaller markets, presumably to allow them to have more revenue to devote toward the contracts of high-quality players, or in the case of Major League Baseball, used by the league for other pre-defined purposes.
![<span class="mw-page-title-main">Darius Miles</span> American basketball player (born 1981)](https://upload.wikimedia.org/wikipedia/commons/6/6b/Dariusmiles_cropped.jpg)
Darius LaVar Miles is a former American professional basketball player.
In the National Basketball Association (NBA), a sign-and-trade deal is a type of transaction allowed by the collective bargaining agreement (CBA) where one franchise/team signs an unrestricted free agent or restricted free agent player to a new contract, only to then immediately trade him to another team of the player's choosing. This is typically done to enable the player to obtain a higher salary and/or greater number of years on their contract than NBA salary cap rules would ordinarily allow a destination team that signs him directly to a contract.
The NBA salary cap is the limit to the total amount of money that National Basketball Association teams are allowed to pay their players. Like the other major professional sports leagues in North America, the NBA has a salary cap to control costs and benefit parity, defined by the league's collective bargaining agreement (CBA). This limit is subject to a complex system of rules and exceptions and is calculated as a percentage of the league's revenue from the previous season. Under the CBA ratified in July 2017, the cap will continue to vary in future seasons based on league revenues. For the 2023–24 season, the cap is set at $136.021 million.
![<span class="mw-page-title-main">Rudy Fernández (basketball)</span> Spanish basketball player (born 1985)](https://upload.wikimedia.org/wikipedia/commons/thumb/9/99/Rudy_Fern%C3%A1ndez_2016_%28cropped%29.jpg/320px-Rudy_Fern%C3%A1ndez_2016_%28cropped%29.jpg)
Rodolfo "Rudy" Fernández Farrés is a Spanish former professional basketball player who spent the majority of his career for Real Madrid of the Spanish Liga ACB and the EuroLeague. He is a 6 ft 5 in (1.96 m) tall swingman. He is a three-time All-EuroLeague Team selection and won the EuroLeague title in 2015, 2018 and 2023. During his stint in the National Basketball Association (NBA), he was an NBA All-Rookie Second Team member.
![<span class="mw-page-title-main">Major professional sports leagues in the United States and Canada</span>](https://upload.wikimedia.org/wikipedia/commons/thumb/5/53/Derek_Jeter_defense.jpg/320px-Derek_Jeter_defense.jpg)
Major professional sports leagues in the United States and Canada traditionally include four leagues: Major League Baseball (MLB), the National Basketball Association (NBA), the National Football League (NFL), and the National Hockey League (NHL). Other prominent leagues include Major League Soccer (MLS) and the Canadian Football League (CFL).
![<span class="mw-page-title-main">Lou Amundson</span> American basketball player](https://upload.wikimedia.org/wikipedia/commons/thumb/b/b9/Lou_Amundson_Hornets_cropped.jpg/320px-Lou_Amundson_Hornets_cropped.jpg)
Louis Gabriel Amundson is an American former professional basketball player. He played college basketball for UNLV and 12 years professionally, including 10 seasons in the NBA.
In professional sports within the United States and Canada, a trade is a sports league transaction between sports clubs involving the exchange of player rights from one team to another. Though player rights are the primary trading assets, draft picks and cash are other assets that may be supplemented to consummate a trade, either packaged alongside player rights to be transferred to another team, or as standalone assets in exchange for player rights and/or draft picks in return. Typically, trades are completed between two clubs, but there are instances where trades are consummated between three or more clubs.
The 1998–99 NBA lockout was the third lockout of four in the history of the National Basketball Association (NBA). It lasted from July 1, 1998, to January 20, 1999, and forced the 1998–99 regular season to be shortened to 50 games per team and that season's All-Star Game to be canceled. NBA owners reopened the league's collective bargaining agreement (CBA) in March 1998, seeking changes to the league's salary cap system and a ceiling on individual player salaries. The National Basketball Players Association (NBPA) opposed the owners' plans and wanted raises for players who earned the league's minimum salary. After the two sides failed to reach an agreement, the owners began the lockout.
Priority Sports & Entertainment is a full-service sports management firm, representing NFL and NBA athletes and coaches, based in Chicago, Illinois and Sherman Oaks, California.
The 2011 NBA lockout was the fourth and most recent lockout in the history of the National Basketball Association (NBA). Team owners began the work stoppage upon expiration of the 2005 collective bargaining agreement (CBA). The 161-day lockout began on July 1, 2011 and ended on December 8, 2011. It delayed the start of the 2011–12 regular season from November to December, and it reduced the regular season from 82 to 66 games. The previous lockout in 1998–99 had shortened the season to 50 games. During the lockout, teams could not trade, sign, or contact players. Players additionally did not have access to NBA team facilities, trainers, or staff.
The 2014 CFL season was the 61st season of modern-day Canadian football. It was the 57th Canadian Football League season. Vancouver hosted the 102nd Grey Cup on November 30. The league expanded to nine teams with the addition of the Ottawa Redblacks, giving the CFL nine teams for the first time since the 2005 season. As a result of the expansion, the schedule shifted to a 20-week regular season plus three weeks of playoffs ; the season started on June 26, 2014.
Mark Termini is a Cleveland, Ohio-based sports attorney and agent. His agency Mark Termini Associates Inc represents professional basketball players. He negotiated $1.4 billion in NBA contracts for the clients of the Klutch Sports Group from 2014 to 2019.
The 2021–22 Phoenix Suns season was their 54th season of the franchise in the National Basketball Association (NBA), as well as their 29th season at the currently named Footprint Center, their first full season under that name after taking over the naming rights to the previously named Phoenix Suns Arena on July 16, 2021, during the 2021 NBA Finals.