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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

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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.

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.

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About Somak Raychowdhury

Somak covers all the latest happening in Sports, may it be basketball, boxing or soccer. He has ten years of experience reporting about the hottest NBA trade rumors. Follow him to know who is going to be traded to which team for the next season or to be updated on Manny Pacquiao's next fight schedule.

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