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Rockets fined for loose lips on Howard
Source: Agencies |
July 11, 2013, Thursday
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THE Houston Rockets have been fined US$150,000 for prematurely commenting about new acquisition Dwight Howard, the National Basketball Association revealed on Tuesday.
The league has a moratorium on teams discussing personnel until players officially sign yesterday. Howard made waves by verbally committing to the Rockets last Friday rather than returning to the Los Angeles Lakers.
Amidst the excitement, both the Rockets general manager Daryl Morey and coach Kevin McHale publicly commented on securing Howard to draw the penalty. He is set to officially sign a four-year, US$88 million contract.
Meanwhile, the NBA has set next season's salary cap at US$58.7 million, paving the way for contracts to be signed starting yesterday.
The tax level is US$71.7 million, with harsher penalties starting this season for teams that exceed it. Teams formerly paid US$1 for every US$1 they were over, but the penalties now start at $1.50 per dollar for teams up to US$4.9 million over.
The cap is a slight increase from this season's US$58 million.
The league has a moratorium on teams discussing personnel until players officially sign yesterday. Howard made waves by verbally committing to the Rockets last Friday rather than returning to the Los Angeles Lakers.
Amidst the excitement, both the Rockets general manager Daryl Morey and coach Kevin McHale publicly commented on securing Howard to draw the penalty. He is set to officially sign a four-year, US$88 million contract.
Meanwhile, the NBA has set next season's salary cap at US$58.7 million, paving the way for contracts to be signed starting yesterday.
The tax level is US$71.7 million, with harsher penalties starting this season for teams that exceed it. Teams formerly paid US$1 for every US$1 they were over, but the penalties now start at $1.50 per dollar for teams up to US$4.9 million over.
The cap is a slight increase from this season's US$58 million.
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