Wednesday July 1st, 2015

The NBA’s salary cap for the 2015-16 season could be as much as $2 million higher than previously projected, reports’s Ken Berger.

According to the report, teams active in free agency were operating under the assumption that the cap for next season could be $67.1 million. At the agents’ summit this week, however, the National Basketball Players Association said that the cap could come in $1–2 million over that figure. The report also says that the luxury-tax threshold, projected to be $81.6 million, will also see an increase. The 2014–15 salary cap was $63.1 million, with the luxury tax set at $76.8 million.​

The NBA and NBPA will reveal the salary cap for next season on July 8 after league audits are complete. The next day at midnight is when teams and players can officially sign new deals that were previously agreed on.

2015 NBA free agent rankings: Top 25

Free agency officially started Wednesday morning, with big names such as New Orleans Pelicans All-NBA forward Anthony Davis and San Antonio Spurs forward Kawhi Leonard reportedly agreeing to maximum contracts with their respective teams.

MORE NBA: Free agency primer | Position rankings | Burning FA questions

Teams and players who will be become unrestricted free agents next year expect a big increase in salary due to the NBA’s nine-year, $24 billion television rights deal that will kick in at the beginning of the season. 

Some projections have the salary cap for the 2016-17 season at $90 million.

- Scooby Axson

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