Report: NBA salary cap to be $70 million in 2015-16

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The NBA projected the 2015-16 salary cap would be $67.1 million.

A late influx of revenue suggested that figure could rise $2 million.

Turns out, that undersold the bump.

Adrian Wojnarowski of Yahoo Sports:

This is good news for teams using cap space this summer and teams paying the luxury tax. They’ll have more room to sign players/exceed the tax line by less.

For the same reasons the salary cap and luxury-tax lines increased – more Basketball Related Income – maximum salaries will increase. Those numbers should be leaked soon.

Minimum salaries, mid-level exceptions and rookie-scale contracts are preset by the Collective Bargaining Agreement, so those are unaffected.