The NBA has set the salary cap for the 2016/17 season at $94.143MM, as announced in a press release.
The luxury tax line is at $113.287MM. The salary cap for the 2015/16 season was set at $70MM, making this the biggest single-year jump in league history, as noted by Real GM. It’s nearly a 35% increase over last year’s cap, which is worth considering when evaluating this summer’s free agent contracts.
The minimum team salary – or the “salary floor” – is set at 90% of the cap, which amounts to $84.729MM. The non-taxpayer mid-level is set for $5.628MM, the taxpayer mid-level is set at $3.477MM and the room mid-level is set at $2.898MM.
According to Eric Pincus of Basketball Insiders (Twitter link), the starting salaries for maximum-salary contracts will look like this:
- Players with 0-6 years of experience: $22,116,750
- Players with 7-9 years of experience: $26,540,100
- Players with 10+ years of experience: $30,963,450