For those that can follow the math...
The NBA salaray cap for the 2008-09 season will be $58.68 million, ESPN.com has learned.
The figure was arrived at after daylong consultations between lawyers for the NBA and the players' union.
The luxury tax threshold will be $71.15 million, and the value of the mid-level exception will be $5.585 million. Over-the-cap teams can only offer the mid-level exception to free agents.