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 now past and the de facto deadline of March 1st for buyouts rapidly approaching, 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 Brooklyn Nets, 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= $82,384,834*
- Remaining Cap Room= -$12,384,834
- Amount Below Luxury Tax Line= $2,287,021**
*Note: This amount includes the $5,474,487 owed to Deron Williams, who was waived via the stretch provision. This amount also includes the $75K owed to Ryan Boatright and the $50K owed to Quincy Miller, who were waived, as well as the $17,638 paid to Dahntay Jones, and the $9,942 paid to Justin Harper, both of whom were waived after earning two days salary. This amount also does not reflect any salary Andrea Bargnani may have given up as part of a buyout arrangement.
**Note: Donald Sloan‘s actual salary for tax purposes is $1,015,421.
Cap Exceptions Available:
- Mid-Level Exception= $2,464,000
- Trade Exception= $1,357,080 (Mason Plumlee. Expires June 27th, 2016)
- Trade Exception= $2,170,465 (Steve Blake. Expires July 13th, 2016)
- Disabled Player Exception= $3,150,000 (Jarrett Jack. Expires March 10th, 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.