The NBA set the salary cap at $101.869 million for the 2018-19 season, the league announced.
The tax level for next season is set at $123.733 million. Both will go into effect at 12:01 a.m. ET on Sunday, July 1, which is when the moratorium period begins for teams to begin negotiating contracts with free agents. The moratorium period ends at 12:01 p.m. ET on July 6.
Set at 90 percent of the salary cap, the minimum team salary is $91.682 million. The Collective Bargaining Agreement allows for three mid-level exceptions depending on a team's salary level.
The salary cap for the 2017-18 season was set at $99.093 million.