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Definition: Agreements collectively bargained between labor and management that establish a league-wide team payroll (i.e. salaries, bonuses and incentive clauses) threshold that cannot be exceeded

Definition: Agreements collectively bargained between labor and management that establish a league-wide team payroll (i.e. salaries, bonuses and incentive clauses) threshold that cannot be exceeded without penalty. a) League Think; b) Luxury Tax; c) Salary Caps; d) Sponsorship Term

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