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The NBA has announced salary cap and luxury tax details for the forthcoming season. The Athletic’s Shams Charania posted the 2021-22 figures shortly after the opening of free agency with the salary cap set at $112,414,000 and the tax line at $136,606,000.
Sources: The NBA has set salary cap for 2021-22 season, effective for August free agency: $112,414,000 cap, $136,606,000 tax line.
— Shams Charania (@ShamsCharania) August 2, 2021
Cap, tax for 2022-23: $119, $145 — with cap level about $4 million higher than previous projections.
With only eight players tied to the roster for next season, the Portland Trail Blazers are already sitting on roughly $120 million, without including the addition of Greg Brown on draft night and any free agents added, including Norman Powell.
The $120 million also includes the stretched and waived contract of Andrew Nicholson, which will be on the books until 2023-24. Nicholson’s payout includes $2,844,429 each year.
Charania also highlighted projection for the 2022-23 season with salary cap set to rise to $119 million and the tax to $145 million.
ESPN’s Bobby Marks has also highlighted the money that Damian Lillard is set to earn over the next four years.
Final numbers for Damian Lillard
— Bobby Marks (@BobbyMarks42) August 2, 2021
2021-22- $39,344,900
2022-23- $42,492,492
2023-24- $45,640,084
2024-25- $48,787,676
Total- $176.3M