Friday June 17th, 2016

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The NBA salary cap for the 2016–17 season will be set at $94 million, reports The Vertical’s Shams Charania. 

Earlier this season the cap was expected to be set around $92 million. The figure, which is calculated based on the league’s basketball-related income, will be finalized in early July.

The salary cap is spiking this off-season, thanks in large part to the NBA’s new media contracts, which are much richer than in previous years. The salary cap for the current season is $70 million, which means the cap will jump nearly $24 million. 

The large jump means many teams will have lots of salary space this off-season, when players such as Kevin Durant, Al Horford and Mike Conley are expected to test free agency.

Everything you need to know about Durant’s free agency

The new NBA league year begins in July. 

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