NBA Salary Cap: How much each team can spend on salaries for the next 3 NBA seasons

NBA 2020-21: 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.

With the league allowing 25-50% fans in the 2020-21 NBA season, a bit of normalcy can be expected in the new season.

Also Read: NBA 2020-21: Golden State Warriors to spend $30Mn on Covid-19 testing to host fans

Setting cap expectations now will help the NBA prepare itself and the players for the future. The NBA is set to return on the 22nd of December.

The tentative dates are as follows:

March 5-10: All-Star Break (minus an ASG)

May 16: The regular season ends

May 22: First-round playoffs

June 7: Conference semifinals

June 22: Conference Finals

July 8-22: NBA Finals