Shams Charania of Yahoo Sports:
This gives teams just a little more wiggle room under the cap.
Keep in mind, though, that max contracts will increase accordingly. The salary cap and max salaries are both calculated as a percentage of revenue.
And where is the NBA getting all this revenue? I’d say this is in line with the league conservatively projecting the cap throughout the year. It’s common for the projection to rise as we near the flip of the fiscal calendar on July 1.