NBA Updates Salary Cap Projection For 2024/25

The NBA has informed its teams of a new salary cap estimate for the 2024/25 season, according to Shams Charania of The Athletic, who reports (via Twitter) that the league’s latest projection is for a $141MM cap.

That figure is still tentative, as the actual salary cap for ’24/25 won’t be finalized until the very end of the current league year this summer. Still, the NBA hadn’t issued a projection since last June, so teams now have a more up-to-date estimate to work with.

The salary cap can increase by a maximum of 10% each season and has risen by that amount in each of the past two years. Player agents have been optimistic about another sizable increase for 2024/25 — many of the reported figures for maximum-salary extensions that will go into effect next season have been based on a projected 10% jump.

However, the NBA hasn’t been nearly as bullish in its own formal projections. The league initially forecast a $142MM cap, which would have been about a 4.4% increase over this season’s $136,021,000 cap. A $141MM cap would represent an even more modest increase of 3.66%.

Here’s one example of how the projection will impact the extensions that begin in 2024/25: Jaylen Brown‘s five-year, super-max contract with the Celtics was reported at the time of its signing by many outlets to be worth $304MM, but that estimate was based on a projected 10% increase. If the cap comes in at $141MM, Brown’s deal would actually be worth just over $286MM — still a gigantic payday, obviously, but not the NBA’s first ever $300MM deal, as was suggested by some reporters last July.

If the cap comes in at $141MM, the minimum salary floor would be $126.9MM and the luxury tax line would be approximately $171.3MM. The first apron would come in around $178.7MM and the second apron would be just shy of $189.5MM.

View Comments (3)