NBA News Wire
Report: NBA salary cap expected to jump $5M
Alan is an expert gambling writer who works as one of the chief editors for Basketball Insiders. He has been covering online gambling and sports betting for over 8 years, having written for the likes of Sportlens, Compare.bet, The Sports Daily, 90min, and TopRatedCasinos.co.uk. His particular specialisms include US online casinos and gambling regulations, and soccer and basketball betting. Based in London, Alan holds an MA in English Literature and is a passionate supporter of Chelsea FC.
All posts by Alan DraperUpdated7 hours ago on April 19, 2024
The NBA salary cap is projected to rise by about $5 million for next season, sources told ESPN.com.
A league memo sent to all 30 teams this week said the cap is expected to increase from $58.6 million to $63.2 million. The luxury-tax threshold would jump from $71.7 million to $77 million, according to ESPN’s sources.
The official cap and luxury tax will be announced in early July after a league audit.
The new projection for 2014-15 would represent a 7.7 percent increase over this season. The typical rise reportedly is 4.5 percent.
This is the third time this season that the league has bumped its projections for 2014-15, according to NBA salary-cap expert Larry Coon.
The projected $5 million expansion could allow teams such as Chicago and Houston to make a run at signing star free agent Carmelo Anthony away from the New York Knicks this summer.
