Question: 2 ) Definition: Agreements collectively bargained between labor and management that establish a league - wide team payroll ( i . e . salaries, bonuses

2) 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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