This past Tuesday, the NBA announced its salary cap for the 2013-2014 season at $58.679 million. The luxury tax will be set at $71.748 million. A detailed breakdown of the NBA’s salary cap can be found on Larry Coon’s “NBA’s Salary Cap FAQ.” It is basically the NBA Salary Cap for Dummies.
According to Marc Stein of ESPN, this year, “The figures distributed late Tuesday to the league's 30 teams reveal only five other teams facing tax bills for the 2012-13 payrolls: Miami ($13,346,242), Brooklyn ($12,883,647), New York ($9,962,406), Chicago ($3,932,336) and Boston ($1,181,640).”
These teams must pay the their bills back by the end of July.