The NBA projected the 2015-16 salary cap would be $67.1 million.
A late influx of revenue suggested that figure could rise $2 million.
Turns out, that undersold the bump.
Adrian Wojnarowski of Yahoo Sports:
The NBA salary cap has risen to $70M for the 2015-'16 season, league sources tell Yahoo Sports.
— Adrian Wojnarowski (@wojespn) July 9, 2015
The NBA's team tax level will be $84.7M, league sources tell Yahoo Sports.
— Adrian Wojnarowski (@wojespn) July 9, 2015
This is good news for teams using cap space this summer and teams paying the luxury tax. They’ll have more room to sign players/exceed the tax line by less.
For the same reasons the salary cap and luxury-tax lines increased – more Basketball Related Income – maximum salaries will increase. Those numbers should be leaked soon.
Minimum salaries, mid-level exceptions and rookie-scale contracts are preset by the Collective Bargaining Agreement, so those are unaffected.
