The NBA has released another update to the projected salary cap for next season, informing teams that it’s now projecting a $122MM salary cap and a $149MM luxury tax line for 2022/23, according to Shams Charania of The Athletic (Twitter link).
On February 4, the league informed teams of a projected $121MM salary cap and a $147MM lux tax line, so both figures have increased slightly over the past seven-plus weeks.
The cap projections for 2022/23 have been steadily on the rise over the last year-and-a-half. During the 2020 offseason, the NBA estimated a $115.7MM cap and a $140MM tax line for ’22/23. In August 2021, the league increased those estimates to $119MM and $145MM.
The latest increased projections likely won’t have a significant impact on teams’ plans during free agency this summer, but teams that project to have cap room can plan on having a little more space than they originally anticipated, while clubs that will be at or above the tax line can expect a small amount of relief.
The NBA’s salary cap for the 2021/22 season is $112,414,000, with a tax threshold of $136,606,000. If the cap for next season comes in at $122MM, as projected, it would be an increase of $9.6MM on this season’s figure — that would be the biggest single-year bump since 2016, when the cap spiked to $94.1MM from $70MM.