Salary cap set, LeBron cashes in
LeBron James' paycheck is now set, and it's big.
The NBA finalized its salary cap for the 2007-08 season on Tuesday, upping it about $2 million from last year to $55.63 million.
Last summer, James signed a three-year maximum contract extension, which now kicks in with the start of the new NBA fiscal year. The value of the deal was not certain until the league set the new cap.
The numbers show James will earn about $43 million in the next three years, starting with a salary of about $13 million this season with annual raises of about $1.4 million each year. Read more