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