The NBA salary cap will be lowered due to the financial impact of COVID-19, that much is certain. The 2019-20 season has been suspended since March 11th and there is a chance the campaign gets suspended altogether.
If that were to happen, the NBA would likely lose between $1 and $2 billion, per Shams Charania of The Athletic.
To cope with the salary cap drop, NBA teams are eager to unload their giant contracts as soon as possible, according to Marc Berman of the New York Post.
No trades can be made until the 2020 offseason officially begins:
According to sources, with the pandemic creating an economic crisis for the NBA, teams might be eager to unload their giant contracts. Because the cap won’t be as high, the luxury tax looms larger. OKC has been fearful of the luxury tax, having once dumped James Harden.
There is so much uncertainty with the coronavirus pandemic, but one thing is for sure: the salary cap will be lowered, according to league sources. On the surface, that makes it advantageous to build around younger players on cheaper contracts.
NBA owners are hopeful of resuming the 2019-20 season in the summer. However, that can only happen if the pandemic dies down.
Before the season was put to a halt, Giannis Antetokounmpo and the Milwaukee Bucks had the best record in the NBA at 53-12. Meanwhile, LeBron James and the Los Angeles Lakers were atop the Western Conference standings with a mark of 49-14.
The 2020-21 NBA season could start on Christmas Day, just like the 2011-12 lockout campaign. However, all of this is contingent on the coronavirus.
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