You're right on one Lurker, wrong on the other.
Directly from the CBA (Article VII Section 2 subsection c)
c) Expansion Team Salary Caps and Minimum Team Salaries. Expansion Teams shall have the same Salary Caps and Minimum Team Salaries as all other Teams, except as follows:
(1) During the first Salary Cap Year in which it begins play, an Expansion Team shall have a Salary Cap equal to 66 and 2/3% of the Salary Cap applicable to all other Teams ("The First Year Expansion Team Salary Cap"); and shall have a Minimum Team Salary equal to 75% of The First Year Expansion Team Salary Cap.
(2) During the second Salary Cap Year in which it begins play, an Expansion Team shall have a Salary Cap equal to 75% of the Salary Cap applicable to all other Teams ("The Second Year Expansion Team Salary Cap"); and shall have a Minimum Team Salary equal to 75% of The Second Year Expansion Team Salary Cap.