The NBA’s salary cap for 2015/16 is set at $70MM, which is good for an 11% increase from last season, and the luxury tax line is fixed at $84.74MM. With the February 18th cutoff date for trades and the de facto deadline of March 1st for buyouts now past, we at Hoops Rumors are in the process of updating the salary cap commitments for each NBA franchise for the 2015/16 campaign. Here’s the cap breakdown for the Minnesota Timberwolves, whose regular season roster can be viewed here:
- 2015/16 Salary Cap= $70,000,000
- 2015/16 Luxury Tax Line= $84,740,000
- Fully Guaranteed Salary Commitments= $70,969,334*
- Remaining Cap Room= -$969,334
- Amount Below Luxury Tax Line= $13,770,666
*Note: This amount includes the $3,650,000 owed to Anthony Bennett, who agreed to a buyout with the team, as well as the $6,732,250 due Kevin Martin, who was waived via the stretch provision. Also included in this amount is the $690,943 owed to Andre Miller and the $75,000 paid to Lorenzo Brown, both of whom were waived by the team.
Cap Exceptions Available:
- Mid-Level Exception= $961,835
- Bi-Annual Exception= $1,358,894
- Trade Exception= $5,000,000 (Chase Budinger. Expires July 12th, 2016)
Cash Available to Send Out In Trades= $3,400,000
Cash Available to Receive Via Trade= $3,400,000
Note: Despite the trade deadline having passed, the NBA season technically doesn’t end until June 30th. Teams are able to again make trades upon the completion of the regular season or when/if they are eliminated from the playoffs, whichever comes later. So these cash limits still apply.
The Basketball Insiders salary pages were used in the creation of this post.