The NBA’s annual salary cap is set to increase from $66.7 million to $72.9 million for the 2019-20 season.
The increase is due to the league’s $2 billion buyout of the Brooklyn Nets’ player equity, and will apply to players and non-players.
That will make the cap at $68.7m for the 2021-22 season, but it is expected that the increase will not apply to all players and will be capped at the $68 million cap in 2021-18.
If you want to know how the NBA salary cap works, here’s the full explanation: The NBA’s total salary cap for the current season is $72,975,917,000.
This includes player salary (taxes, salary cap, buyout, etc), and nonplayer contracts.
All players are paid a minimum of $16,500 per game, including the full salary, which is $6,250 per day for rookies.
A maximum of $12,500 of that amount is paid to all non-rookies who have made an NBA appearance.
In the past, players could opt out of the salary cap by opting out of their rookie contract.
Players who opt out may still have the option to return to the salary-cap, however.
As of June 28, 2018, the NBA had spent $3.2 billion on player equity since the buyout.
To date, players have received $2.6 billion in salary, with another $2 million in the form of buyout guarantees.
Since the buyouts, the cap has increased by $2,742,966,000 (from $67.5 million to at least $69.5m).
This means that, by the time the 2019 salary cap kicks in, the maximum amount of players and their non-coverage salary is likely to have increased by about $1 million.
According to Forbes, that amount could total about $8.4 million.
The next year’s cap could increase even more: According the league, the 2019 cap will be $67 million, up from $67m the previous year.
On top of that, the league has been on a tear in the first two months of the season.
Last month, the salary of its top players increased by over $500,000, with their salaries up $150,000 from the previous season.
In total, the Warriors have received over $2bn in free agent contracts this summer, a total of $3bn for the 2020-21 season.
The NBA, like all sports leagues, has to spend money to make sure the league is competitive.
But for the first time in a decade, the salaries of its best players have been cut back.
We can only hope that the NBA will be able to keep that cap at its current level for the next two seasons, and that the new cap will not be too much more than $68m.
For now, we can all breathe easy, enjoy the NBA season, and hope that next year will be even better.
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