NBA sets salary cap at $140.588 million for 2024-25 season
Jun 14, 2024; Dallas, Texas, USA; An overall view of the court during game four of the 2024 NBA Finals between the Boston Celtics and the Dallas Mavericks at American Airlines Center. Mandatory Credit: Peter Casey-USA TODAY Sports The NBA announced Sunday that the salary cap is set at $140.588 million for the 2024-25 season.
The league said the Tax Level will be $170.814 million.
Both figures go into effect at 12:01 a.m. ET on Monday.
Teams are allowed to begin negotiations with free agents at 6 p.m. ET on Sunday. Signings can become official Saturday.
The NBA said the minimum team salary is set at $126.529 million for the 2024-25 season. For teams that exceed the tax, the First Apron Level is $178.132 million and the Second Apron Level is $188.931 million.
Also, the Mid-Level Exceptions were set at $12.822 million (non-taxpayer), $5.168 million (taxpayer) and $7.983 million (room under salary cap).
--Field Level Media
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