NetsDaily · Jul 9, 2015
Brooklyn Nets get break on new salary cap, luxury tax numbers
The NBA announced its new salary cap ($70 million) and luxury tax threshold ($84.74 million) for the upcoming season, both of which were higher than last season and considerably higher than projected. It's good news for the Nets who would like to get at the threshold to close enough.
Tim Bontemps tweets that the Nets could save a ton of money as a result.
Higher salary cap and luxury tax, per @WojYahooNBA, would be a huge benefit to Nets. Could save them millions of dollars.
— Tim Bontemps (@TimBontemps) July 9, 2015 The new salary cap numbers reported by @WojYahooNBA already have the Nets saving over $11 million compared to initial cap/tax projections.