French league introduces salary cap as Monaco sets historic highs / News - Basketnews.com

The French league has recently voted to establish a salary cap for the upcoming three seasons. The introduction of a salary cap will be accompanied by a luxury tax that will be paid by all clubs that exceed a certain, as yet undetermined, ceiling.

Credit: Christina Pahnke/Euroleague Basketball via Getty Images Credit Christina Pahnke/Euroleague Basketball via Getty Images

LNB Pro A has agreed with team owners and representatives to establish a salary cap that takes into account the financial realities of the league and the needs of all teams.

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In order to protect the fairness of the championship, the French league voted to introduce a salary cap for the upcoming three seasons, according to BeBasket.

A luxury tax will also have to be paid by all clubs, exceeding a still undetermined ceiling, via the report.

A majority of French league clubs have experienced financial growth this season compared to the previous campaign.

For instance, EuroLeague team AS Monaco increased their payroll by 60% in one year, rising it to a historic French club basketball mark at €10.8 million.

The NBA has had a salary cap since the 1984-85 season that is designed to promote competitive balance among 30 teams and ensure that no single franchise can dominate the league by simply outspending their competitors.

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