The NBA has projected a $101 million salary cap for teams around the league next season, number which has actually dropped by $2 million from the last projection made back in October, according to Adrian Wojnarowski of The Vertical.

Said projection would raise the tax level to $121 million as a result, per Wojnarowski.

This season's salary cap was set at $94.1 million along with a $113 million tax level. Prior to the beginning of the current NBA season, the NBA had a 2017-18 cap projection of $103 million, which isn't too far off from what the figure came out to be.

The new collective bargaining agreement between owners and players will take effect July 1, shortly after the NBA season has come to a close. Next season will also mark the second of the league's lucrative $24-billion television contract with network partners ABC/ESPN and Turner Network Television.

This increase in salary cap will give a boost to the value of max contracts during free agency this summer, with the most substantial change in the CBA being the new “supermax” contracts that are designed to entice those eligible superstar players to remain with the teams that drafted them.

The most clear cut case is Golden State Warriors point guard Stephen Curry, who can sign a contract worth more than 200 million, earning up to 35 percent of the total cap.

The supermax provision would allow a player that has earned MVP honors, been an All-Star starter, or made one of the All-NBA teams the past season or two of the last three seasons — to be signed to a very lucrative contract worth as much as a hefty 35 percent of the salary cap.

Players like Russell Westbrook and James Harden can be grandfathered into the provision and are eligible to re-sign and get said amounts during this upcoming summer.