Fansided

Report: NBA Salary Cap could hit $100 million soon

By Charles Rahrig V

April 9, 2015; Oakland, CA, USA; Golden State Warriors guard Stephen Curry (30) celebrates after making a three-point basket against the Portland Trail Blazers during the second quarter at Oracle Arena. Mandatory Credit: Kyle Terada-USA TODAY Sports
April 9, 2015; Oakland, CA, USA; Golden State Warriors guard Stephen Curry (30) celebrates after making a three-point basket against the Portland Trail Blazers during the second quarter at Oracle Arena. Mandatory Credit: Kyle Terada-USA TODAY Sports /
facebooktwitterreddit

The NBA has begun telling teams that a significant rise in the salary cap is coming soon.

The NBA has a new TV deal coming and current projections have the league’s salary cap rising to possibly more than $1oo million by the 2017-2018 season.

More from NBA

At the NBA Board of Governor’s meetings in New York, all teams were informed of the salary cap rise that is incoming.

The current salary cap stands at a meager $63 million in comparison. Even more insane, is the fact that the largest cap jump in history for the NBA is only $7 million.

Based on the numbers, within three years, the league’s cap is expected to rise almost $40 million.

"Sources told ESPN.com that, based on current projections, league officials expect the salary cap to increase from its current $63.1 million figure to $67.1 million next season, $89 million in 2016-17, and $108 million in 2017-18. The jumps represent massive increases largely triggered by the influx of television money that will begin pouring in after the 2015-16 season when the NBA’s new nine-year, $24 billion TV deal kicks in."

The jump in the salary cap isn’t surprising with the gigantic several billion dollar television contract the league has coming.

However, the size of the increase is probably more than anyone was expecting. Max contracts could see players like LeBron James and others receive annual payments of $30 million or more.

The $100 million+ figure also leaves many questions, what the luxury tax number will be and what the salary cap floor will be for the more frugal teams who don’t want to shell out $100 million plus dollars.

Currently the tax number is projected to be around $120 million+ for when those high cap seasons kick in.

One of the problems over the years for NBA teams, has been bad contracts and being saddled with players who carry contracts too big to move.

If the salary cap projections are true, stands the possibility of the potential of even worse contracts. However, adjusting to new cap figures, than everything should average out based on the cap figures.

There is one potential roadblock to the new the salary cap. The league and its players have to avoid a strike once the CBA ends after the 2016-2017 season. However, this time it’s difficult to see the players being against a cap structure where they see a significant raise in pay.

After being really cap restrictive the past few years, the league is heading toward a record cap, one that will probably see record breaking contracts for the NBA.

[H/T: ESPN]

More from FanSided

Home/NBA