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NBA Salary Cap Set to Increase By 7.7%

Basketball Insiders

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The NBA 2014-15 salary cap is now projected to be $63.2 million and the tax level is projected to be $77.0 million. The numbers for 2015-16 are now projected to be $66.5 million and $81.0 million, respectively.

The official numbers won’t come out until July when the NBA conducts its audit.

The salary cap and luxury tax values for the current season are $58.679 million and $71.748 million, respectively, which means the new cap projection for next season represents a 7.7% increase over this season.

via Larry Coon

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Sources: HEAT Aggressive in Pursuit of Jimmy Butler

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So far, Pat Riley and Miami have been as aggressive as any team in pursuit of a Jimmy Butler trade with Minnesota, league sources tell ESPN. Ownership still prefers to find a deal by early this week, sources said.

Source: Adrian Wojnarowski on Twitter

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Sources: Knicks, Joakim Noah Nearing Buyout Agreement

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Sources on @TheAthleticNBA @WatchStadium: Joakim Noah and the New York Knicks are near agreement on his waive and stretch. Noah will not report to training camp this week as sides part ways before media day.

Source: Shams Charania on Twitter

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Sources: Cavaliers Interested in Jimmy Butler

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ESPN Sources: Another team pursuing a Jimmy Butler trade with Minnesota: Cleveland. Cavs owner Dan Gilbert was seen talking privately with Glen Taylor at NBA Board of Governors meeting on Friday. Both owners played a part in negotiating the Love-Wiggins deal.

Source: Adrian Wojnarowski on Twitter

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