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Report: NBA's 2022-23 Salary Cap Projected at $123.6M; Up $11.2M from Last Season

Adam WellsJune 29, 2022

Tayfun Coskun/Anadolu Agency via Getty Images

On the eve of the start of NBA free agency, the league has given teams a gift in the form of a higher-than-expected salary cap for the 2022-23 season.

Per B/R's Jake Fischer and ESPN's Tim Bontemps, the cap is expected to increase 10 percent from last season to roughly $123.6 million.

The previous expectation was the cap would be set at $122 million with a $149 million luxury-tax threshold.

Per Keith Smith of Spotrac, the projected luxury tax will increase to $150.267 million and the hard cap will increase to $156.98 million.

ESPN's Kevin Pelton noted that the Golden State Warriors losing three potential closeout games on the road in the playoffs may have actually helped increase the NBA's salary cap:

Kevin Pelton @kpelton

It's not a joke! The Warriors make more per home game than basically anyone in the league, which increases the NBA's basketball-related income. The cap is set based on that.<a href="https://t.co/G7q27Mm4Ew">https://t.co/G7q27Mm4Ew</a>

Much has been made about how much of a financial advantage Chase Center is for the Warriors.

Per The Athletic's Tim Kawakami, the Warriors made approximately $42 million for six home games in the first two rounds of the playoffs, and NBA Finals games projected to earn the organization about $16 million gross per game at Chase Center.

Smith showed how the projected new cap impacts the teams that have the most money available:

Keith Smith @KeithSmithNBA

Updated 2022 cap space projections:<br><br>1. Knicks - $33.5M<br>2. Spurs - $32.6M<br>3. Magic - $27.9M<br>4. Pacers - $25.1M<br>5. Pistons - $21.3M (before re-signing Marvin Bagley)<br><br>Detroit is obviously very fluid, as we've seen over the last week.

The New York Knicks are a team that stands to benefit significantly from the additional $1.6 million in projected cap space. Their front office has already been making moves to clear enough money for their expected pursuit of Jalen Brunson.

Per ESPN's Adrian Wojnarowski, the Knicks agreed to send Nerlens Noel and Alec Burks, along with two future second-round draft picks and cash, to the Detroit Pistons. That came on the heels of a three-team trade between the Knicks, Pistons and Charlotte Hornets that also sent Kemba Walker to Detroit.

Having an extra $1-2 million in cap space available can make a huge difference for all 30 teams as they start to finalize what moves they want to make before the official start of the new league season—and free agency—on Thursday.

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