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.