The NBA told his clubs on Friday that he expects a significant raise in salary cap and "tax" level in the 2023-24 season. Based on current projecti
The NBA told his clubs on Friday that he expects a significant raise in salary cap and “tax” level in the 2023-24 season.
Based on current projections, the cap could be raised 8.4% and the tax level could increase 7.8% compared to this campaign.
Both figures would set records, the $134 million salary cap for 2023-24 and the $162 million tax level. Both are $1 million more than the most recent projections, made by the league in June.
The 2022-23 campaign, which is about to start, has a cap of $123.655 million and a tax bracket of $150.267 million.
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Also on Friday, the league told teams that total luxury tax payments for next season would be about $660 million. Half of that amount would finance revenue sharing and the other half would be distributed equally — about $17 million — among teams that would not pay the tax.
But that number can fluctuate long before a final calculation is made at the end of the regular season.
practice camps at NBA They open at the end of this month. The regular season begins on October 18.