But the N.B.A. has a soft salary cap, allowing teams to go over the cap if they pay a luxury tax, or to have certain contracts exempted from cap calculations.
These credits are applied to any earnings above the £30,000 salary cut-off - so if a qualifying player earns £35,000, only £5,000 would be counted in the club's salary cap calculations.
The agreement also calls for shorter contract lengths for free-agent signings and a rule that allows a team to waive one of its player contracts and have that salary removed from team salary-cap calculation.
(Precise figures will not be known until July 9, after the N.B.A. completes its salary-cap calculations).
Precise figures cannot be set until Wednesday, after the league completes its salary-cap calculations and lifts its annual moratorium on deals.
The cap-rate calculation assumes an all-cash buyer.
Complicating the calculation, caps have been placed on many of the categories to cover the shortfall of money from the state.
Mathema told me CAP made their calculations based on a previous study on the economic cost of losing unauthorized workers, and the estimated impact of removing DACA "could be an underestimate," since DACA recipients tend to make higher wages than unauthorized workers.
But this calculation is capped at $136,000 plus a discretionary amount above that.
Melting ice caps, the new calculations show, caused 11mm of the overall rise since 1992 but the rate of loss is increasing rapidly.
The indexes will also be broadened to cover 85percentt of the shares in public hands in each industry, instead of the 60percentt of the old calculation of market cap.
