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Adam Silver.

Free agency explodes as the official salary cap for 2016-17 is set

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Free agency was already a crazy time of year, but now that the official salary cap has been set for next season the whole landscape of the NBA will change forever - and it will keep growing too.

A report from NBA.com states that the cap has increased by over $20 million and it's widely expected to jump again for the 2017-18 campaign thanks to a new television deal. The statement said:

"The National Basketball Association today announced that the Salary Cap has been set at $94.143 million for the 2016-17 season. The tax level for the 2016-17 season is $113.287 million.

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"The current Collective Bargaining Agreement provides for three different mid-level exceptions depending on a team's salary level. The non-taxpayer mid-level for this season is $5.628 million, the taxpayer mid-level is $3.477 million and the mid-level for a team with room under the Salary Cap is $2.898 million.

"The minimum team salary, which is set at 90% of the Salary Cap, is $84.729 million for the 2016-17 season."

The salary cap was $70 million last year, so it's only natural that some deals in this free agency period are set to shatter previous records.

NBA Commissioner Adam Silver Press Conference

Most franchises have room for at least two max-contract-level-players this summer and that's given the superstars on the open market more power than they've ever had before.

It's going to be a bold new world in the NBA and what once was the fee for a top, top player is now set to become the norm for a decent contributor.

To understand, keep an eye on free agency to see how the climate is changing.

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NBA
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