That represents a modest increase over last season's $99.1 million cap figure.
The NBA also confirmed the new luxury tax threshold has been set at $123.7 million.
The salary-cap floor—which is 90 percent of the total salary-cap figure, according to the collective bargaining agreement—has nudged up to $91.6 million.
Additionally, the non-taxpayer mid-level exception is now $8.6 million, the taxpayer mid-level exception is $5.3 million and the mid-level exception for teams with room under the salary cap is $4.5 million.
The new figures will go into effect at 12:01 a.m. Sunday when the moratorium period begins at the start of the new league year.
Despite the slight upticks across the board, it's not expected to be the busiest summer on the signing front. According to Spotrac, only seven teams are projected to have more than $20 million in cap space in the event they renounce all existing cap holds.