The NBA has formally set the 2017/18 salary cap at $99.093MM, Shams Charania of The Vertical writes. That figure lands ever so slightly above the most recent projections. The luxury tax threshold, according to a league memo, will be $119.266MM, while the salary floor will be $89.184MM.
In addition to setting this year’s salary cap and tax line, the NBA also issued projections for the next two league years. Here are those estimations, per Albert Nahmad (Twitter link):
- 2018/19: $102MM salary cap, $123MM tax line
- 2019/20: $108MM salary cap, $131MM tax line
The NBA’s minimum salaries and mid-level and bi-annual exception figures had already been set for the 2017/18 season, so today’s cap announcement won’t change those. However, the maximum salaries for ’17/18 will be a little higher than our most recent projections. Here are the starting salaries for max contracts:
- Players with six years of experience or less: $24,773,250
- Players with 7-9 years of experience: $29,727,900
- Players with 10+ years of experience: $34,682,550
Here are the total values for a player re-signing with his own team for a five-year max contract with 8% annual raises:
- Players with six years of experience or less: $143,684,850
- Players with 7-9 years of experience: $172,421,820
- Players with 10+ years of experience: $201,158,790
Here are the total values for a player signing with a new team for a four-year max contract with 5% annual raises:
- Players with six years of experience or less: $106,524,975
- Players with 7-9 years of experience: $127,829,970
- Players with 10+ years of experience: $149,134,965