Log Out | Member Center

81°F

96°/71°

NBA salary cap goes to all-time high $63.1 million

  • The Associated Press
  • Published Wednesday, July 9, 2014, at 4:27 p.m.
  • Updated Wednesday, July 9, 2014, at 4:27 p.m.

— The NBA has set the 2014-15 salary cap at $63.1 million, an all-time high, paving the way for contracts to be signed.

Deals can become official starting at 12:01 EDT on Thursday. Players and teams could agree to contracts starting July 1, but they couldn't be signed during the moratorium period.

The cap is a 7.5 percent increase from last season's $58.7 million.

The league also says Wednesday that the tax level jumped 7.1 percent to $76.8 million. Teams exceeding that will have to pay a luxury tax.

Subscribe to our newsletters

The Wichita Eagle welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views. Please see our commenting policy for more information.

Have a news tip? You can send it to wenews@wichitaeagle.com.

Search for a job

in

Top jobs