Based on current projections, the NBA salary cap will rise 8.4%, and the tax level will rise 7.8% over the 2023-24 season
Based on current projections, the NBA salary cap will rise 8.4%, and the tax level will rise 7.8% over the 2023-24 season
The NBA told its teams on Friday that it still expects to see a significant jump in the salary cap and tax level in the 2023-24 season.
Based on current projections, the cap will rise 8.4%, and the tax level will rise 7.8% over this season.
Both figures — $134 million for the salary cap in 2023-24, $162 million as the tax level — would set records, and both are $1 million higher than the league’s most recent projections made in June. The looming 2022-23 season has a cap of $123.655 million, a tax level of $150.267 million.
Also Friday, the league told teams that total luxury tax payments for the coming season would be around $660 million, half of which would fund revenue sharing and the other half distributed in equal shares — about $17 million each — to the teams not currently projected to have to pay the tax.
But that tax number can, and almost certainly will, fluctuate wildly before a final calculation is made at the end of the regular season.
Training camps in the NBA begin later this month, with the regular season starting October 18.
For all the latest Sports News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
