The NBA Salary Cap will rise approximately $8.5 million in 2022-23, an increase $2 million higher than initially forecast. Shams Charania of The Athletic tweeted the projections yesterday.
Sources: The NBA has informed teams of projected salary cap and tax level in 2022-23 — $121M and $147M, both are $2M higher than previous estimates.
The current cap stands at $112.4 million, with the luxury tax threshold at $136.6 million.
The Portland Trail Blazers are over the cap this season, but they ducked under the luxury tax threshold yesterday with a significant trade, moving forwards Robert Covington and Norman Powell to the Los Angeles Clippers for Eric Bledsoe, Justise Winslow, and Keon Johnson.