Wizards Owner Leonsis Fined $100,000 for Labor Talks Comments
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The National Basketball Association fined Washington Wizards owner Ted Leonsis $100,000 for speaking without permission about talks surrounding a new collective bargaining agreement.
Leonsis, 53, told a group of businessmen in northern Virginia yesterday that he favored a hard salary cap, similar to the one used by the National Hockey League, and that it may be introduced in the future in the NBA. Basketball teams now may exceed the league salary cap if they are willing to pay a luxury tax.