NBA Salary Cap

     The National Basketball Association announced on Sunday the salary cap for next season. it will go into effect as of July 1. 

     The salary cap has been set at $140.588 million for the 2024-25 campaign. The tax level will be at $170.814 million. 

     The salary cap floor for all 30 NBA teams will be $126.529 million. The first tax apron level is $178.132 million while the second tax apron is at $188.931 million. 

     There will be three different mid-level exceptions depending on a team's salary level. The non-taxpayer mid-level is $12.822 million, the taxpayer mid-level is $5.168 million and the mid-level for a club with room under the salary cap is $7.983 million.