Jul
09

NBA Salary Cap Has Been Set

A little late on this, but better late then never.

Salary cap for this season = $58,680,000

Tax level = $71.150 million (teams above that number must pay the league a dollar for each dollar that it exceeds the level)

Mid-level exception = $5.585 million

Minimum team salary (salary floor) = $44.010 million

Last season’s salary cap was $55.630 million, tax level was $67.865 million, and mid-level exception was $5.356 million.

Let the free-agent signings resume!