Cha-Ching

NBA salary cap in­creases by 11 per cent for 2015-16 to $70 mil­lion

The Guardian (Charlottetown) - - SPORTS - THE AS­SO­CI­ATED PRESS

The NBA salary cap was set Wed­nes­day for next sea­son at $70 mil­lion, a higher-than-ex­pected num­ber that paves the way for free agent con­tracts to be signed.

The league said the cap in­creased by 11 per cent from last sea­son’s $63.1 mil­lion and the 2015-16 cap will be the high­est ever – though it will be shat­tered next sum­mer.

It had been pro­jected to come in closer to $67 mil­lion un­til re­cently.

With the cap set, the league’s mora­to­rium will be lifted at mid­night, and deals and trades that were agreed to since free agency opened on July 1 can be­come of­fi­cial be­gin­ning Thurs­day at 1:01 a.m. At­lantic.

Also, the tax level in­creased 10.3 per cent to $84.7 mil­lion. Teams whose pay­rolls ex­ceed it will be sub­jected to penal­ties.

The salary cap is de­rived in part on league rev­enues.

It is ex­pected to vault to about $90 mil­lion for the 201617 sea­son, when the league’s new na­tional TV con­tracts be­gin.

In the mean­time, there’s plenty of money for teams and play­ers next sea­son. Max­i­mum salaries will rise, be­cause they are based on a per­cent­age of the cap, depend­ing on a player’s years of ser­vice.

LeBron James, should he sign for the max, would make $23 mil­lion next sea­son with more than 10 years in the league.

There will be three spend­ing ex­cep­tions avail­able to teams. The non-tax­payer mid-level for this sea­son is $5.5 mil­lion, the tax­payer mid-level is $3.4 mil­lion and the mid-level for a team with room un­der the salary cap is $2.8 mil­lion.

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