On March 17, 2016 in American Sport in the 21st Century, we discussed salary caps. We learned that salary caps can limit a team on how much they can spend on player's salaries. Salary caps are used as a way of keeping costs down and balancing the league. This relates to the article because right now, the NBA has a soft cap of $70 million, meaning that there are exceptions that all teams to exceed the salary cap but their will be a penalty. Thanks to the "Larry Bird Exemption", there is no cap on a player once they have been declared a veteran, who has played 5 years on the team. There are NBA teams who are now expecting the league's salary cap to soar as high as $92 million this summer. This means that maximum contracts will automatically increase. This news is great for every player who's set to hit free agency this summer. The article also relates because athletes will be benefiting a lot from this. The timing couldn't have been any better for these athletes. The NBA already has the greatest salary of the top four sports teams
Read More: http://www.foxsports.com/nba/story/nba-salary-cap-92-million-021616
You be the judge: Should sports have salary caps?

