The NBA announced that the salary cap for the 2012/13 season will be $58.044MM, according to an official release from the league. The tax level for next season has been set at $70.307MM, which means teams will pay a one dollar tax for each dollar in excess of the tax level. Both the salary cap and tax level remain the same from the 2011/12 season.
The non-taxpayer mid-level for the upcoming season is $5MM, the taxpayer mid-level is $3.09MM and the mid-level for a team with room under the salary cap is $2.575MM. The league also announced the minimum team salary, which is 85 percent of the salary cap, will also stay the same at $49.337MM.