The NBA is projecting a large wage cap leap for the 2023-24 season, per a report from NBA.com.
The NBA initiatives that from the 2022-23 season to the 2023-24 season, the cap will rise from $123.655 million to $134 million, marking an eight.4% enhance, and the tax stage will rise from $one hundred fifty.267 million to $162 million, marking a 7.eight% enhance.
If the cap was $134 million immediately, 22 teams could be over; and 9 teams could be over the $162 million tax stage.
Eleven teams have over $134 million in participant salaries on the books for the 2023-24 season.
it seems that evidently most teams are staying forward of the cap, even regardless of its meteoric rise – which is an environment nice signal for the aggressive and monetary well being of the league.