NBA Salary Cap Leaps To $70 Million Limit For 15-16

NBA Salary Cap Leaps To $70 Million Limit For 15-16
NBA Logo Global Panorama/Flickr CC BY-SA 2.0

NBA on Wednesday released its new salary cap for the 2015-16 season, and also its luxury tax and mid-level exceptions in figures.


The figures NBA announced on Wednesday:

1. With an increase of 11 percent over the past season, the salary cap is now $70 million this coming season.

2. The luxury tax will be implemented with payroll exceeding over $84.7 million, which is a 10.3% increase over the tax-line of previous season.

3. The full middle-level tax exception will be $5.5 million for the 2015-16 season.

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4. The taxpayer mid-level exception for teams operating above the tax line will be at $3.4 million.

5. The mid-level exception for teams operating with a cap space that reaches the cap will be $2.8 million.

6. The bare minimum a team must hand over as payroll has been fixed at $63 million.

The Miami Heat is currently at the zenith of the payroll list this season – at $90 million – which puts them above NBA’s soft salary ca  and into the ambit of luxury tax. Those figures are still fluid. This off-season stood witness to transactions and final taxable payroll figures not computed for the coming season till the end of next June.

The max deal for hot free-agent LaMarcus Aldridge from Trail Blazers to Spurs will be $84.1 million over four years, while contract for Kawhi Leonard in San Antonio is five years and $95.3 million.

Forecast For Next Season

The 2016-17 working figures forecast is an $89 million cap and a $108 million tax threshold, when a huge revenue influx is expected from new media deals. But as Wednesday’s numbers exceeded prior anticipation, next season’s figures are also expected to surpass the forecasts.