The 2023-24 NBA Salary Cap is projected to be $136 million, $2 million higher than previous projections and $13 million higher than the 2022-23 salary cap of $123.6 million. The Luxury Tax threshold for the new season will be $165 million.
Shams Charania of The Athletic tweeted the new projections today, based on the NBA informing its member teams of the increase.
Updated financial figures for the 2023-24 NBA season nears the 10 percent maximum increase, league informed teams today:
- $136 million salary cap, $2M higher than prior projection
- $165 million luxury tax level, $3M higher than prior https://t.