NBA sets new salary cap, taxes for 2018-19 season
The NBA has informed its teams of the salary cap and tax amounts for the 2018-19 season.
The new salary cap for 2018-19 will be $101.869 million, with the luxury tax at $123.733 million. Those were figures that were in line with expectations. The amounts for the mid-level contracts were also set.
Per the NBA, this year’s salary cap has been set at $101.869 million, while the tax level is set at $123.733 million pic.twitter.com/GUL1WaHR3d
— Logan Murdock (@loganmmurdock) July 1, 2018
NBA has informed teams of 2018-19 season salary cap and tax: New salary cap: $101.8M; Luxury Tax: $123M. Non-Tax Mid-level: $8.6M; Tax-payers mid-level: $5.3M; Room Mid-Level: $4.4M. Bi-annual: $3.4M
— Adrian Wojnarowski (@wojespn) July 1, 2018
The salary cap continues to grow in the NBA. For comparison, last season’s figures were $99 million for the salary cap and $119 million for the luxury tax.
According to Spotrac data, as of Saturday, 13 teams were already over the salary cap amount. Two (Toronto and Washington) have enough money committed that puts them into the luxury tax. Of course, plenty can still change in the future.
