NEW YORK: The National Basketball Association (NBA) announced on Saturday that the salary cap for teams has been upped to $101.869 million for the upcoming 2018-19 season. Last year, it was set as $99.093 million.
While the tax level has shot up to $123.733 million. It is expected that the Los Angeles Lakers are set to increase the coffers for the NBA, following the signing of legend LeBron James from Cleveland Cavaliers at an amount of $154 million for the next 4 years.
These rules have begun to take place, considering that the NBA’s “moratorium period” started on Sunday and will end on Friday noon. During this period, teams can negotiate with free agents but not sign contracts.
The minimum salary which teams must spend to avoid taxes, is set at 90% of the salary cap, i.e. $91.682 million.
