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NBA Salary Cap Projected Higher than Initial Estimates

Shams Charania reports that NBA franchises will have a few more million to play with next season.

2023 NBA Finals - Miami Heat v Denver Nuggets Photo by David Dow/NBAE via Getty Images

The 2023-24 NBA Salary Cap is projected to be $136 million, $2 million higher than previous projections and $13 million higher than the 2022-23 salary cap of $123.6 million. The Luxury Tax threshold for the new season will be $165 million.

Shams Charania of The Athletic tweeted the new projections today, based on the NBA informing its member teams of the increase.

The Portland Trail Blazers currently have a minimum salary cap obligation of $114.6 million, but that does not include cap holds against current free agents including starting forward Jerami Grant. Even with the increase, the Blazers will not have cap space if they choose to re-sign Grant or any significant free agent already residing on their roster. Portland will have access to cap exceptions, allowing them to spend beyond the cap for other free agents.