Report: 2016-17 salary cap set to be $94 million

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Football News

The NBA has been a lucrative juggernaut for a long time now, but it seems the franchises that comprise the league are going to have even more powerful next season.

After having around $70 million to play with during the 2015-16 campaign, sources indicate there is about to be a spike even more significant than the original estimates concerning the league's new television deal.

Shams Charania of The Vertical claims that league sources have told him that the NBA has informed all 30 teams that the salary cap for the 2016-17 season is projected to be $94 million, around $2 million higher than its previous estimates.

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This is great news for free agents everywhere; particularly if you're name is Kevin Durant. The maximum player salaries are now expected to be $22 million for tier 1, $26.4 million for tier 2 and $30.8 million for tier 3.

Even if KD signed a short-term deal with a player option, as is expected, Durantula can expect his value to and thus compensation appreciate in the coming years as the caps no doubt grows bigger.

The rise in case may well inflate the earnings of role players in the league, but, if spent correctly, the opportunities for organisations to build contending rosters has never been better and there could be some Big Threes on the horizon.

The final amount for the salary cap remains ongoing, pending the completion of the 2015-16 BRI audit report on July 6, the NBA wrote in the memo.

As part of that memo, the league indicated that the increased projection for the next salary cap is due to "business outperformance since the previous estimates."

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