The NBA has set the salary cap for the 2016/17 season at $94.143MM, as announced in a press release.
The luxury tax line is at $113.287MM. The salary cap for the 2015/16 season was set at $70MM, making this the biggest single-year jump in league history, as noted by Real GM. It’s nearly a 35% increase over last year’s cap, which is worth considering when evaluating this summer’s free agent contracts.
The minimum team salary – or the “salary floor” – is set at 90% of the cap, which amounts to $84.729MM. The non-taxpayer mid-level is set for $5.628MM, the taxpayer mid-level is set at $3.477MM and the room mid-level is set at $2.898MM.
According to Eric Pincus of Basketball Insiders (Twitter link), the starting salaries for maximum-salary contracts will look like this:
- Players with 0-6 years of experience: $22,116,750
- Players with 7-9 years of experience: $26,540,100
- Players with 10+ years of experience: $30,963,450
This huge increase is making basketball salaries even more insane then baseball salaries. Can’t believe what some of the mid-tier players are signing for. The max deals are hurting the superstars and causing B players to get vastly overpaid. Not sure if I like it or not.
Give it a couple years and it will balance out
That’s what I was thinking as well.
Read an article by SBnation about why NBA players get paid more than NFL players. I wouldn’t say max deals are hurting the superstars because they stand to account for 25-35% of their team’s salary cap. Anymore than that just seems selfish on the player’s part.
league sent the NBA 131 Million, which is the excess money the players didnt get in their contracts last year that they’re owed. Its dispersed to the 450 players. Thats how much money was in the league just last year, and now, over these next 2, it has gone up exponentially more. Cap rose 35% in less than a year, and in 2 its even bigger than that, and its going up another at least projected 13 million nex season, so the money is going to be big…..Remember, its not the money, its the percentage of the cap. Ryan Anderson’s deal would have been worth 745k in 1984