According to a memo distributed by the
The Lakers paid slightly more than $77.1 million in salary, about $5.3 million above the league's $71.7-million tax threshold.
Other taxpayers include the
The 25 teams under the tax line will receive $3 million of the taxpayers' combined contribution, and the balance will go toward the NBA's revenue-sharing plan.
The league also set the salary cap for the 2014-15 season at $63,065,000.
If the Lakers renounced their rights to all of their free agents (except restricted free agent
Should the Lakers waive and stretch out the salary of
The league also set maximum salaries for the season, starting at $14.7 million for players with up to six years of NBA experience. Veterans with seven to nine years in the league can earn up to $17.7 million, while those with at least 10 years in the NBA can earn up to $20.6 million.
A player over the maximum salary last season can earn up to 105% of his previous wage, which is why
The 2014-15 salary cap is based on the NBA's basketball-related income, which totaled $4.522 billion last season.