The NBA is expected to raise the salary cap by over $10million for the 2023-24 season, while also increasing the tax level.
The salary cap for the upcoming 2022-23 season has been set at $123.65m, with a tax level of $150.26m.
According to Shams Charania of The Athletic, the league told teams on Friday that the cap is projected to rise to $134m, and the tax level to $162m, a significant rise.
It is also around $1m higher than previous projections made by the NBA in June.
The new NBA season gets underway on October 18 when the Boston Celtics host the Philadelphia 76ers.
SportsMax is the Caribbean sports channel of choice, committed to providing sporting content of the highest quality to the Caribbean, delivered by a team of highly innovative, passionate and qualified professionals.
(876) 619-7629
digitalmedia@sportsmax.tv
