Before focusing on new contracts and transfers a little later in the evening, the NBA set the financial rules for the 2024/25 season. The Salary Cap is set at 140 million dollars, the Luxury Tax at 170 million.
The NBA’s annual financial update is done. A post-it note that general managers can keep on their bedside tables. To avoid being financially sanctioned by the league’s top brass, there are rules to follow. The official figures were given by Adrian WojnarowskiThe new salary cap is set at $140 million, the Luxury Tax at $170, the First Apron at $178 and the Second Apron at $188. For more information about these famous Aprons, click here.
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New NBA salary cap is $140,588,00
Luxury Tax: $170,814,000
First Apron: $178,132,000
Second Apron: $188,931,000
— Adrian Wojnarowski (@wojespn) June 30, 2024
The National Basketball Association today announced that the Salary Cap has been set at $140.588 million for the 2024-25 season. The Tax Level for the 2024‑25 season is $170.814 million. pic.twitter.com/DdjoGhcAsz
— NBA Communications (@NBAPR) June 30, 2024
Information that will inevitably play a role in the choices of NBA franchise leaders this evening. Some owners are inclined to exceed the Luxury Tax threshold, others are not. For example, Knicks boss James Dolan has not exceeded this limit since the 2013-14 season.
Small money stories are important in the Big League and now the rules are known! Simply, it should be noted that the following season, in 2025-26 and due to the new TV contracts, the NBA plans to increase the salary cap by 10%. Information given by Bobby Marks.
The NBA is projecting a 10% increase in the salary cap for 2025-26
Cap: $154.6M
Tax: $187.9M
— Bobby Marks (@BobbyMarks42) June 30, 2024
Text source: Adrian Wojnarowski, Bobby Marks
2024-06-30 21:12:00
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