The NBA’s salary cap is only going to continue to grow.
Granted, the spikes won’t be as large as the one we saw this past summer. But the league has never been more popular, and the cap isn’t about to go down. According to The Vertical’s Shams Charania, in fact, it will hit $120 million by 2020:
The National Basketball Players Association informed player agents that the salary cap is projected to rise to $120 million in 2020, which would be a jump from $94.1 million in 2016 and its projection of $103 million in 2017, sources told The Vertical.
In the NBA’s latest evaluation of the 2020 salary cap, it was projected to rise to $118 million, sources said.
The NBA and the NBPA finalized a new collective bargaining agreement last week, and the deal is on course to be ratified in January. The salary cap projection of $118 million to $120 million – with a projected $143 million luxury tax threshold – is a significant rise in a growing economy for the league.
This isn’t terribly huge jump when you think about it. It’s around four summers away, which is an average of $6.5 million per summer. That projected increase falls to around $5 million and change per summer after eliminating this offseason’s expected boon—a significant amount, but nothing that will catch us by surprise the way 2017 free agency did.
In other news, it seems the NBA is doing well, no?
Here’s to $40 million player salaries becoming a regular occurrence.
