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NBA Salary Cap Set at $58.7 Million

The NBA has set next season's salary cap at $58.7 million, paving the way for contracts to be signed starting Wednesday.

The tax level is $71.7 million, with harsher penalties starting this season for teams that exceed it. Teams formerly paid $1 for every $1 they were over, but the penalties now start at $1.50 per dollar for teams up to $4.9 million over, with increases from there.

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Coach Comments Land Ki in Hot Water in South Korea

English Premier League star Ki Sung-yeung has just discovered what happens when a confident young footballer, social media and a Confucian-influenced culture collide.

Ki, one of Asia's most famous sportsmen, has had a long, nervous wait to see whether his interactions on Facebook would cost him a place with the South Korean national team.

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Chelios, Niedermayer Top 2013 Hockey Hall Class

Chris Chelios and fellow defensemen Scott Niedermayer along with forward Brendan Shanahan found out Tuesday they will be inducted into the Hockey Hall of Fame in November.

"I always said I'd go right until the tank was empty," Chelios said. "And, I believe I did."

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Falcao: Monaco is Not a Mistake

Previously linked with Real Madrid, Manchester United and Chelsea, Colombia striker Radamel Falcao is confident that he hasn't made a mistake with his surprise move to promoted French club Monaco.

Despite expectations he would move to a major European club, Falcao joined Monaco from Atletico Madrid in an offseason deal worth an estimated 60 million euros ($78 million).

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Cavs Meet with Free Agent Andrew Bynum

The Cleveland Cavaliers met Monday with free agent center Andrew Bynum, the oft-injured 7-footer who didn't play a single game for the Philadelphia 76ers last year because of a knee injury.

The 25-year-old Bynum, the most attractive center on the market now that Dwight Howard has signed with Houston, met with team officials at Cleveland Clinic Courts, the club's suburban facility, a person familiar with the visit told The Associated Press.

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Wallabies Shake-up: Deans is out, McKenzie is in

Ewen McKenzie never disguised his desire to be Wallabies head coach. He wore the gold jersey in 51 tests, won the 1991 Rugby World Cup, and minutes after he was officially appointed to the Australian job, the ex-front-rower was already laying down the law.

Three days after the Wallabies' embarrassing 41-16 loss to the British and Irish Lions, the Australian Rugby Union on Tuesday ended months of speculation by confirming McKenzie as the replacement for Robbie Deans, who quit six months before his contract was due to expire.

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Bartoli Sidesteps BBC Announcer's Daft Remark

A glance at the list of men's singles champions at Wimbledon the last dozen years reveals plenty of pleasant-enough looking chaps, though not a single slam-dunk male model in the bunch.

No matter. Each one was instantly fawned over the moment he held the trophy aloft, celebrated for toughness, smarts and the kind of devotion that knows no quit.

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Zelaya Shines as El Salvador Ties Trinidad

Striker Rodolfo Zelaya scored two goals as El Salvador tied Trinidad & Tobago 2-2 in the group B draw in the CONCACAF Gold Cup tournament on Monday.

El Salvador's Zelaya scored in the 21st and 68th minutes in the tournament opener for both teams at Red Bull Arena.

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Bayern Agrees to Sell Mario Gomez to Fiorentina

Bayern Munich has agreed to sell Germany striker Mario Gomez to Italian club Fiorentina.

Bayern chairman Karl-Heinz Rummenigge reached a deal with Fiorentina president Andrea Della Valle on Monday, with contracts to be finalized and signed in the coming days, the Bundesliga club announced on its website.

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Federer Ranked No. 5 for First Time in Decade

Roger Federer has fallen to No. 5 in the new ATP rankings, the first time in a decade he's been that low.

Federer's second-round loss at Wimbledon, a year after taking the title, drops him from No. 3. He was fifth in the rankings of June 23, 2003, two weeks before he won Wimbledon for the first of his record 17 major championships.

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