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What Do Chris Paul, Dwight Howard, LeBron James, and Tim Duncan have in Common?

The NBA has instituted a variety of caps on payroll.  There is the famous salary cap, which limits how much each team can spend on its payroll.  There is also a maximum salary, which is a cap on individual player salaries (and yes, this would be better called a salary cap).  And finally there is a cap on rookie pay, which limits how much a draft choice can earn on his first contract. All of these restrictions are designed to limit a player’s pay.  And whenever we observe an employer trying to limit an employee’s pay... lire la suite

Lien du post: http://dberri.wordpress.com/2008/05/22/what-do-chris-paul-dwight-howard-lebron-james-and-tim-duncan-have-in-common/

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