Projected NBA Salary Cap And Luxury Tax For 2013-14 Season Announced

December 9, 2011; Westwego, LA, USA; A detailed view of the NBA logo and signature of the commissioner David Stern on a basketball on the first day of New Orleans Hornets training camp practice at the Alario Center. Mandatory Credit: Derick E. Hingle-USA TODAY Sports

Although the NBA has yet to officially announce any numbers, it appears that the projected salary cap for the upcoming 2013-14 NBA season will be $58.5 million with the tax threshold at $71.6 million.

Per Larry Coon and Marc Stein of ESPN:

NBA teams being told PROJECTED luxury-tax threshold for next season:$71.6 million. Reminder: Projections not binding until full July audit

Confirming @ESPNSteinLine tweet — league’s projected cap/tax for 2013-14 is currently $58.5M & $71.6M. For 2014-15 it’s $62.1M & $75.7M.

The salary cap increase for the 2013-14 season will be relatively minimal, only jumping around $500K from the 2012-13 cap of $58,044,000. The tax threshold though will have a bit of a bigger increase as it was at $70,307,000 for 2012-13, increasing over a million for the 2013-14 season, something teams like the Los Angeles Lakers, Miami Heat, Brooklyn Nets and New York Knicks will be happy with.

The larger jump will take place for the 2014-15 season as the salary cap will jump nearly four million dollars from the current 2012-13 season number with a near six million dollar jump on the tax threshold.

Topics: NBA

Want more from FanSided?  
Subscribe to FanSided Daily for your morning fix. Enter your email and stay in the know.

4 minutes ago

NFL Draft Rumors: Browns to ‘strongly consider’ taking Auburn OT Greg Robinson with the No. 4 overall pick

12 minutes ago

Ivan Nova has partial UCL tear in right elbow

16 minutes ago

Steven Gerrard back Brendan Rodgers to be Liverpool boss for a long time