NBA salary cap 2023
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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. Sep 10, 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. Skip to content
Examining the NBA’s $134M Salary Cap Projection for 2023-24By Eric Pincus|2022-10-31T16:02:20-07:00October 28th, 2022| In September, the NBA raised its salary cap projection for the 2023-24 season from $133 million to $134 million with a luxury tax threshold of $162 million. That’s an 8.37 percent increase from the current 2022-23 campaign’s $122.7 million salary cap and a 7.81 percent increase in the tax threshold from $150.3 million. By December 15, 2022, the NBA and National Basketball Players Association can opt out of the current collective bargaining agreement. A new deal could lead to a system change that alters the landscape of the league. Or it could be very much like the current system. Based on the rules in place, the climb in salary cap from $123.7 million to $134 million would have the following impact on the 2023-24 season, starting with maximum salaries (based on the players’ years of service in the league):
Minimum salaries would similarly climb:
The following exceptions will also climb with the cap:
With a luxury tax projection at $162 million, the apron (hard cap) projects to reach $168,998,000. At 90 percent of the cap, the minimum team salary would be $120,600,000. Additionally, rookie-scale contracts (for the top-30 draft picks in June) will climb proportionately. The scale amount for the No. 1 pick would be $9,983,300, though it’s nearly a standard for players drafted in the first round to earn the maximum 120 percent of scale. The following table shows the projected rookie-scale salaries (at 120 percent) for the 2023 draft class:
Additionally, the amount of cash that teams can use in trade projects to climb from the current figure of $6,363,000. A franchise will be able to send out as much as $6,885,000 from July 2023 to June 30, 2024. A team can also receive the same amount via trade, regardless of how much it sends out throughout the 2023-24 season. Email Eric Pincus at and follow him on Twitter @EricPincus. Share This Story, Choose Your Platform!
Eric Pincus is a leading expert on NBA player contracts and the league’s Collective Bargaining Agreement. Eric is a Strategist/Capologist/Writer/Instructor for Sports Business Classroom and Bleacher Report. Related PostsHow much will warriors pay in luxury tax?When those contracts take effect for the 2023-24 season, the Dubs would be set to pay an NBA-record $286 million in luxury tax; when combined with salary commitments ($215M), it brings the Warriors' total payment to a whopping $483 million, per ESPN's Bobby Marks.
What is the NFL salary cap 2023?NFL Team Salary Cap Tracker. Who has the highest payroll in the NBA?NBA Salaries. How much is the NBA luxury tax?Currently this stands at between $1.50 and $4.75 per dollar above the threshold. In such a system, a smaller side will profit off of the excessive spending of the larger teams by more than the gap between their two budgets. The salary cap for the 2022–23 season is $123.655 million.
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