The NBA has informed teams of the salary cap and tax level for the next two seasons.
As reported by Shams Charania of The Athletic. The salary cap for the 2019-20 season is at $109 million, while for 2020-21, it will be at $118 million.
For the tax level, it will be at $132 million for the 2019-20 season and $143 million for 2020-21.
From last memo to teams in June, NBA's projections are unchanged for 2019-20 season — but 1.5 percent ($2M) higher for 2020-21 season due to BRI projections and projected shortfall-based adjustment. https://t.co/4cX8FOj7BV
— Shams Charania (@ShamsCharania) September 18, 2018
For this season, the NBA has set the cap space at $101.869 million and the tax level at $123.733 million. Under this arrangement are the following mid-level exceptions.
“The Collective Bargaining Agreement provides for three different mid-level exceptions depending on a team’s salary level. The non-taxpayer mid-level for the 2018-19 season is $8.641 million, the taxpayer mid-level is $5.337 million, and the mid-level for a team with room under the Salary Cap is $4.449 million.”
Given the uptick in the salary cap, we can expect players to sign better and much more lucrative deals in the 2019-20 season, as teams will basically have more money to spend. Teams, too, will have more leeway in terms of acquiring free agent prospects next summer. Several inflated deals were signed in 2016 and are set to come off the books next season. So we can expect teams to be on the lookout for free agents looking to ink a new contract.
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