NBA Salary Cap, Tax Level Projections Revealed for 2017-18 Season
The NBA salary cap will reportedly increase for the 2017-18 season.
On Thursday, Adrian Wojnarowski of The Vertical reported the NBA delivered teams a salary-cap projection of $101 million. The cap was set at $94.1 million for the 2016-17 campaign.
Wojnarowski also noted the tax level is expected to increase to $121 million in 2017-18 after being set at $113 million this season.
Jeff Zillgitt of USA Today added more details:
Ben Golliver of Sports Illustrated wrote in July the salary cap increased by $24.1 million from 2015-16 to 2016-17, which was the first time in league history it rose by more than $8 million. That increase will continue, although the jump is much less dramatic this time around.
Golliver cited an April 2016 USA Today report and said the salary-cap increase was "thanks in part to the NBA's recent nine-year, $24 billion media rights deal."
The NBA announced in October 2014 it reached a new deal with Turner and Disney to televise NBA games from the 2016-17 season through the 2024-25 season. Richard Sandomir of the New York Times said "the average yearly payments will rise from about $930 million to $2.66 billion" in that media rights deal.
Golliver noted last year "as a reflection of this enormous increase in spending power, NBA teams reportedly agreed to hand out more than $2 billion in contract agreements in less than 48 hours after free agency opened."
Editor's Note: Turner Sports is Bleacher Report's parent company.
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