Hard Cap for LTB for Season 3 is set at $80,000,000.(This is high compared to what it should be at).
What this means is that if your team is above $80,000,000, then you will face "Tax Penaltys".
Here are some of the Penaltys.
$1-$1,000,000 Over - You will not be allowed to Offer your MLE or LLE in the offseason...Only Min contracts.
$1,000,000 - $5,000,000 Over - You will loose exactly 75% of your cash balance, and it will be given to the team with the second worse record in the league.
$5,000,000 - $10,000,000 Over - You will loose your top pick in the draft and it will be given to the worst team in the league
$10,000,000 + Over - You will loose your star player for exactly half the season(60 days).





