The NBA business is good — and that means the salary cap number is about to jump nearly $5 million a year.
The NBA salary cap for 2014-15 will be $63.065 million the league has announced, a healthy 7.5 percent jump from $58.679 million last season, the NBA announced.
The luxury tax level also jumps more than seven percent up to $76.829 million. The minimum team salary (the floor, as it’s called) will be $56.759 million, although there is no penalty for being below it (if a team does finish the year below it they have to pay the difference, with that money divided up among the players on the roster).
The mid-level exception for teams above the salary cap line but below the tax line will be $5.305 million. For teams over the tax-line their mid-level is $3.278 million, and the mid-level for team under the cap (who then go over) is $2.732 million.
All these numbers go into effect at midnight and the clock turn to July 10, the first day teams can sign players following a moratorium that started July 1 (all the deals you’ve been reading about at PBT, such as Kyle Lowry in Toronto or Marcin Gortat with the Wizards were agreements that couldn’t be finalized until the 10th).
The cap numbers are derived as part of the Collective Bargaining Agreement — the players and owners basically split the NBA’s “basketball related income” down the middle 50/50 and the cap numbers come out of that to divide up that spending. A piece of every player’s pay check is held in a reserve and then they get all or some (or occasionally none) of that money back when the numbers are added up at the end of the season to make sure the split of revenue is correct.
The NBA salary cap is expected to increase some again for 2015-16 then make a much bigger leap the year after that when the money from a new national television deal floods the market.
Ty Lawson is headed to the Kings, as first reported on Monday. The team made the move official on Wednesday with a press release, and USA Today‘s Sam Amick offers up another important piece of information: Lawson’s deal is not guaranteed, making it essentially a make-good camp invite.
It’s staggering how Lawson went from a borderline All-Star level point guard in 2012-13 to signing a non-guaranteed one-year deal with a lottery team three years later. His off-the-court issues have contributed to that, and he didn’t produce last season in Houston and Indiana. Still, he should have a pretty good chance of making the Kings’ roster, with Seth Curry and Rajon Rondo gone and Darren Collison their only proven point guard. They need depth there.
When Ben Simmons declared for the NBA draft this spring, he signed with LeBron James‘ Klutch Sports group for representation. That association would appear to have its advantages for the No. 1 overall pick, including the opportunity to work out with James and Dwyane Wade during the offseason. Wade posted a group photo on Instagram on Wednesday afternoon:
Also, it’s pretty staggering to see Simmons standing next to James and realizing that he’s bigger and taller.
Thanks to a match from an anonymous donor, beloved TNT sideline reporter Craig Sager was able to receive his third bone-marrow transplant since 2014 in an extended battle with leukemia. Sager’s son, Craig Sager II, shared a photo on Twitter on Wednesday afternoon of his father undergoing the transplant, appearing to be in good spirits as usual.
Our continued well wishes go out to Sager and his family in his recovery, and we hope to see him back on the sidelines this season.
Last season, the Sacramento Kings signed Seth Curry, brother of Stephen Curry. He left this summer for Dallas, and now the Kings are working out the brother of the other Splash Brother — Klay Thompson‘s brother Mychel — according to international basketball reporter David Pick.
Mychel Thompson’s only NBA experience is five games with the Cleveland Cavaliers in 2011-12. He spent some time in the D-League after that, and played in Italy during the 2015-16 season.