Ted Leonsis Fined $100K by NBA for Talk of Hard Salary Cap

Filed under: Wizards, NBA Rumors, NBA Transactions, Sports Business and Media

Ted Leonsis, majority owner of the Washington Wizards and owner of the Washington Capitals, said on Wednesday that he expects the NBA to soon possess a hard salary cap model similar to the NHL's.

The league's collective bargaining agreement will expire after the season, and many owners are looking at the NHL and their hard salary cap for direction. This summer, FanHouse's Sam Amick reported that if owners are successful in creating a hard cap similar to the NHL's in the neighborhood of $45 million, high-salaried teams like the Miami Heat and Los Angeles Lakers may be forced to release star players to fit the cap number.

The NBA currently employs a soft salary cap, which allows teams to circumvent certain rules and exceed the league's "cap number" in order to build winning teams.

Leonsis, who is well-versed with both the workings of the NBA and NHL salary cap models, spoke to a group of Northern Virginia business leaders before the Wizards training camp session on Wednesday.

 

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