September 29, 2010 – THD Rumor Patrol
The National Basketball Association (NBA) fined Washington Wizards owner Ted Leonsis $100,000 on Wednesday for making unauthorized public comments regarding the league’s collective bargaining negotiations.
The Wizards owner told a business audience earlier on Wednesday that the NBA, which is working on a new labor deal, will soon have a hard salary cap similar to the model used by the National Hockey League (NHL).
NBA teams are currently allowed to exceed the salary cap as long as they pay a luxury tax penalty. The league’s collective bargaining agreement is set to expire on June 30.
Read more details via Reuters on NYTimes.com
