2023 salary cap NBA
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Show A general view inside The Field House before Game 5 of an NBA basketball first-round playoff series, between the Oklahoma City Thunder and Houston Rockets, Wednesday, Aug. 26, 2020, in Lake Buena Vista, Fla. (Kim Klement/Pool Photo via AP) The NBA is increasing the salary cap from $112.4 million to $123.655 million ahead of the 2022-2023 season, the league announced in a press release Thursday. The tax level has also increased from $136.6 million to $150.267 million. The NBA's soft-cap, which limits how much a team is permitted to spend on players, was established in the mid-1980s to even the playing field and foster adequate competition for all teams in the league. With the new changes to the cap, the minimum team salary is now $111.290 million. The salary cap change goes into effect at 12:01 a.m ET on July 1. Nic Antaya/Getty Images Projections on the 2023-24 NBA salary cap have dropped, and Shams Charania of Stadium and The Athletic provided that information on Friday. Shams Charania @ShamsCharania This year's cap has been officially set at $123.7 million ($150.3 million tax level). The Los Angeles Clippers lead the payroll figures at $195.3 million, while the Indiana Pacers bring up the rear at $95.8 million, per HoopsHype. The NBA's salary cap was instituted in 1984-85, per Basketball-Reference. The first-ever cap figure stood at $3.6 million. The cap rose to nine figures for the first time for the 2018-19 season. It rose to $109.1 million for 2019-20 but stayed there for 2020-21 amid the COVID-19 pandemic. However, it's now set to grow by $25 million over a two-year span after the NBA returned to full force in 2021-22 following a pair of pandemic-shortened campaigns. 🚨 SPORTS NEWS ➡️ YOUR INBOXThe latest in the sports world, emailed daily.
Numbers for the projected 2023-24 NBA salary cap and tax level have been released ahead of the start of the 2022-23 season. It is never too early to start looking ahead in the NBA and while the 2022-23 season has yet to begin, salary cap and tax level numbers are already being projected for the 2023-24 season. According to The Athletic’s Shams Charania, the NBA has begun to inform teams that the 2023-24 salary
cap is currently projected to be around $134 million with a $162 million tax level. Not only are these numbers $1 million higher than previous projections for the future, but these numbers are great increases from the 2022-23 season. Should these projections hold, the salary cap for the 2023-24 season will increase by about $10.4 million compared to this year. The increase in revenue over the years and recovery the league has made from the pandemic has been remarkable and these cap
projections for the 2023-24 season could have great impacts on what happens in free agency following this upcoming season. James Harden, Kyrie Irving, Russell Westbrook, Khris Middleton, Kristaps Porzingis, D’Angelo Russell and Andrew Wiggins are all big names that could hit the free agent market following this upcoming 2022-23 season and with the projected increase to the salary cap, teams could wind up being more competitive to sign these All-Star talents. This offseason, a total
of over $1.5 billion was given out in new contracts and many have stated that this free agent class was weaker than year’s past. With more money coming into the league and teams having more and more money to spend every offseason in free agency, we should expect the amount of guaranteed money spent in free agency to continue increasing. Sep 9, 2022
NEW YORK -- The NBA told its teams Friday that it still expects to see a significant jump in the salary cap and tax level in the 2023-24 season. Based on current projections, both figures -- $134 million for the salary cap, $162 million as the tax level -- would set records, and both are $1 million higher than the league's most recent projections made in June. The figures represent the cap rising 8.4% and the tax level 7.8% over the 2022-23 season. The 2022-23 season has a salary cap of $123.655 million and a tax level of $150.267 million. Also Friday, the league told teams that total luxury tax payments for the coming season would be around $660 million, half of which would fund revenue sharing and the other half distributed in equal shares -- about $17 million each -- to teams not currently projected to have to pay the tax. But that tax number can, and almost certainly will, fluctuate wildly before a final calculation is made at the end of the regular season. Training camps in the NBA begin later this month, with the regular season starting Oct. 18. What is the NBA salary cap for 2022 2023?The looming 2022-23 season has a cap of $123.655 million, a tax level of $150.267 million.
What is the NBA luxury tax?The tax, familiarly named the “luxury tax”, serves as an extra charge for teams that spend more on their payroll, and redistributes the surplus to the teams that pay less, in an effort to equally distribute between players and owners.
Is there a hard cap in the NBA?The league does have a hard cap mechanism in place, but it can only trigger in three very specific circumstances: when a team uses the non-taxpayer mid-level exception, the bi-annual exception or acquires a player via sign-and-trade. That hard cap lasts one season.
How much can you go over the cap NBA?Teams above the cap (or teams below the cap but would end up more than $100,000 over the cap following a trade) cannot acquire more than 125% plus $100,000 of the salary they trade away.
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