The NBA has updated its salary cap projections for the 2023/24 season and is now forecasting a $134MM cap and a $162MM luxury tax line, according to Shams Charania of The Athletic (Twitter link), who notes that both figures are an increase of $1MM on the projections from the end of June.
The salary cap for the 2022/23 season is locked in at $123,655,000, so the cap is projected to increase by about $10.35MM. The tax line for this season is $150,267,000, so that figure is projected to increase by about $11.73MM.
We will continue to update our early ’23/24 projections for the minimum salary, maximum salary, and mid-level and bi-annual exceptions throughout the season.
According to Bobby Marks of ESPN (Twitter link), there is a 10% limit on how much the salary cap can increase from this season to next due to the “financial hardship” caused by the COVID-19 pandemic, so $136MM is the maximum possible cap for the 2023/24 season.
Given the projections for ’23/24 have increased before the ’22/23 season has even tipped off, there’s a good chance that it could increase a little more throughout the league year. That could change of course, but as of right now, it seems like a reasonable bet.
Training camps start at the end of September, with the regular season set to start on October 18.
Just in time for the warriors to resign their rookie contracts
The players need more money so they can feed their families
I’d 100% rather have the money go to the players and their families than to the ownership groups.
More money for Ja, Jokic, Zion, Garland
That cap is going to continue to balloon…
It’s going to let a lot of teams off the hook… With what look like bad moves now will look like bargain deals when they are due to expire…