The NBA formally announce next season’s salary cap and also handed out bills for last season. The big news coming from the NBA was that the new salary cap numbers will be set at $58.679 million dollars and the tax-level threshold will be $71.74 million.
The league also handed out bills for last year’s payroll, and as expected the Los Angeles Lakers were hit with a nearly $30 million dollar luxury-tax bill. Los Angeles put out a team that barely made the playoffs last season, but had a larger bill than the next two teams on the list combined. It has been reported by ESPN that the teams have until July 24th to pay their bill. Here is a quick look at the luxury-tax payments for last season.
Luxury Tax Bill
Los Angeles Lakers: $29,259,739
Miami Heat: $13,346,242
Brooklyn Nets: $12,883,647
New York Knicks: $9,962,406
Chicago Bulls: $3,932,336
Boston Celtics: $1,181,640