The salary cap rose to $70 million for the 2015-16 season, an increase of 11 percent and nearly $7 million from a year ago, the NBA announced Wednesday night. The cap for next season originally was projected around $67.1 million. Shortly before free agency began, however, CBS Sports reported that the number would be at least $1 million higher and perhaps as much as $2 million higher. In fact, it is $3 million higher, the sort of anecdotal information that will
Hours before the moratorium period ended and free agency began Wednesday, the NBA released its financial figures for the 2014-15 season. We have taken those figures and – with the help of folks like Larry Coon and Mark Deeks – have laid out the amounts for all of the exceptions and maximum salaries available to players this season. TEAM SALARY The salary cap will be $63.065 million. That is slightly lower than published projections but still represents a 7.5 percent increase over last season’s $58.679