The NBA’s salary cap for 2015/16 has been set at $70MM, which is an 11% increase from this past season, and the luxury tax line will be $84.74MM. The last cap projection from the league had been $67.1MM, and the projection for the tax line had been $81.6MM.
With the October 26th cutoff date to set regular season rosters now past, we at Hoops Rumors are in the process of running down the current salary cap commitments for each NBA franchise for the 2015/16 campaign. Here’s the cap breakdown for the Denver Nuggets, whose regular season roster can be viewed here:
- 2015/16 Salary Cap= $70,000,000
- 2015/16 Luxury Tax Line= $84,740,000
- Fully Guaranteed Salary Commitments= $67,715,421*
- Partially Guaranteed Salary Commitments= $450,000**
- Non-Guaranteed Salary Commitments= $450,321
- Total Salary Cap Commitments= $68,615,742
- Remaining Cap Room= $1,384,258
- Amount Below Luxury Tax Line= $15,572,347
*Note: This amount includes the $440,000 owed to Pablo Prigioni, the $815,421 owed to Joey Dorsey, as well as the $845,059 due Nick Johnson, all of whom were waived by the team.
**Note: This amount includes the $100,000 due Erick Green, who was waived by the team.
Cap Exceptions Available:
- None
Cash Available to Send Out In Trades= $3,400,000
Last updated: 11/7/15 @ 8:00am
The Basketball Insiders salary pages were used in the creation of this post.
It’s going to be a long year for Denver. And now they don’t have any means to sign an outside free agent other than the minimum salary exception, which will hurt them if they come across a young player they like during the year (i.e. Patrick Beverley with the Rockets a few years ago).
Is it just me or do you think they could of/should of signed Gallinari to a cheaper deal?