Knicks · cubes - over the cap is essentially a hard cap (page 1)

http://basketball.realgm.com/wiretap/222602/Cuban_Foresees_Transaction_Limitations_For_Tax_Teams_As_Bigger_Issue_Than_Financial_Penalties

No sign and trades

not sure if this is for repeat offenders for a certain amount of years, like 3 years, maybe?
Looking at the Lakers, they acquired Nash and are in talks for Dwight Howard, while having a payroll north of 90m already...

Lakers could be over 100m + if they use their 3m MLE, resigning Jordan Hill for 4m each year for 2 years.

this does not take effect for a few seasons.

Is this about Jeremy Lin? I'm going to assume this is about Jeremy Lin. We're going to be over the luxury tax with or without him so what's the point?