The NBA is projecting a significant salary cap jump for the 2023-24 season, per a report from NBA.com.
The NBA projects that from the 2022-23 season to the 2023-24 season, the cap will rise from $123.655 million to $134 million, marking an 8.4% increase, and the tax level will rise from $150.267 million to $162 million, marking a 7.8% increase.
If the cap was $134 million today, 22 teams would be over; and nine teams would be over the $162 million tax level.
Eleven teams have over $134 million in player salaries on the books for the 2023-24 season.
It seems that most teams are staying ahead of the cap, even despite its meteoric rise – which is a good sign for the competitive and financial health of the league.