Home » NBA tells teams salary cap could jump to $134 million for 2023-24 season

NBA tells teams salary cap could jump to $134 million for 2023-24 season

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NEW YORK — The NBA informed its groups Friday that it nonetheless expects to see a major leap within the wage cap and tax stage within the 2023-24 season.

Primarily based on present projections, each figures — $134 million for the wage cap, $162 million because the tax stage — would set information, and each are $1 million larger than the league’s most up-to-date projections made in June. The figures characterize the cap rising 8.4% and the tax stage 7.8% over the 2022-23 season.

The 2022-23 season has a wage cap of $123.655 million and a tax stage of $150.267 million.

Additionally Friday, the league informed groups that whole luxurious tax funds for the approaching season could be round $660 million, half of which might fund income sharing and the opposite half distributed in equal shares — about $17 million every — to groups not presently projected to must pay the tax.

However that tax quantity can, and nearly actually will, fluctuate wildly earlier than a ultimate calculation is made on the finish of the common season.

Coaching camps within the NBA start later this month, with the common season beginning Oct. 18.

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