We've been expecting it for a long time. We all knew that the salary cap was going to significantly rise this summer; the exact increase was the only question.
There were previous reports indicating that the salary cap would likely increase above $90 million, right around $92 mil. Just the other day, Shams Charania of Yahoo Sports indicated exactly what it will be increased to:
Vertical Sources: NBA has informed its teams that the projected salary cap will rise to $94M for 2016-'17 season. Higher than expected $92M.
— Shams Charania (@ShamsCharania) June 17, 2016
With the cap rising so high thanks to the league's new TV deal, players are going to be receiving huge contracts this offseason, which is saying something considering how lucrative they are now. Plenty of free agents who were never considered to be even close to max contract worthy, now are.
That's what this cap increase will do. It won't necessarily provide teams with more wiggle room to purchase free agents because the free agents are just going to ask for more money. This cap increase benefits the players as much as, if not more than, the teams themselves.
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