NBA Salary Cap 2021: The NBA has set salary-cap projections for the 2021-22, 2022-23, and 2023-24 seasons. This is done in an attempt to mitigate the losses that are expected because of the COVID-19 pandemic, according to ESPN’s Adrian Wojnarowski. Find out how much each team can spend on salaries for the next 3 NBA seasons
For the current 2020-21 NBA season, the salary cap is set at $109.1 million while the luxury tax is at $132.6 million. There has not been an increase in the numbers from the 2019-20 season due to the pandemic.
Although the league will decrease the losses caused to the players in the coming seasons.
NBA Salary Cap and Luxury Tax projections for the coming seasons:
2021-2022: $112 million and $136.6 million
2022-2023: $115.7 million and $140 million
2023-2024: $119.2 million and $144.9 million
The league is trying its best to offset the losses over a longer period of time instead of one or two seasons. The players will have at least 10 percent of their salaries put in an escrow account.
They could possibly lose up to 20 percent of their salaries. Losses above 10 percent will be spread out over three seasons.
NBA Schedule 2021-22: After a shortened season of 72 games that started in December, the NBA is finally heading back to its normal timeline.
According to Shams Charania, the 2021-22 NBA season is scheduled to start on the 19th of October with the NBA Draft taking place on the 29th of July.
Sources: Key dates for the 2021-22 NBA season:
Sept. 28: Training camp starts
Oct. 19: Regular season starts
April 16: Playoffs start
June 2: Finals Game 1
June 19: Finals Game 7
June 23: 2022 NBA Draft
— Shams Charania (@ShamsCharania) June 10, 2021