Late June saw the NBA introduce a new salary cap that meant no team could spend more than 136.021 million dollars on player wages for the 2023/24 season.
It also confirmed that the tax level for the 2023/24 season is 165.294 million dollars.
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These new rules came into effect at 12:01 am ET on Saturday, July 1, and teams have had to keep them firmly in mind ever since.
The NBA salary cap space for every team
Here is the current NBA cap space for all 30 teams, where only two teams are currently within the limits.
All figures are in dollars, and the cap space is with cap holds included if team salary was below the cap maximum.
- Detroit Pistons – 314, 985 dollars
- Utah Jazz – 41,629 dollars
- Orlando Magic – -3,334,784 dollars
- Indiana Pacers – -3,547,590 dollars
- Houston Rockets – -7,701,597 dollars
- Sacramento Kings – -11,739,757 dollars
- Oklahoma City Thunder – -13,737,164 dollars
- Memphis Grizzlies – -17,641,366 dollars
- San Antonio Spurs – -19,363,680 dollars
- Atlanta Hawks – -23,222,718 dollars
- Charlotte Hornets – -25,828,912 dollars
- New York Knicks – -26,336,756 dollars
- Toronto Raptors – -30,123,199 dollars
- Brooklyn Nets – -32,038,485 dollars
- Portland Trail Blazers – -39,380,419 dollars
- Chicago Bulls – -39,393,876 dollars
- Cleveland Cavaliers – -39,963,818 dollars
- Boston Celtics – -44,451,268 dollars
- New Orleans Pelicans – -44,498,100 dollars
- Washington Wizards – -45,779,750 dollars
- Los Angeles Lakers – -47,589,667 dollars
- Miami Heat – -50,085,341 dollars
- Milwaukee Bucks – -51,749,703 dollars
- Denver Nuggets – -55,872,585 dollars
- Philadelphia 76ers – -57,638,051 dollars
- Dallas Mavericks – -59,343,655 dollars
- LA Clippers – -61,935,383 dollars
- Phoenix Suns – -62,796,342 dollars
- Minnesota Timberwolves – -79,729,738 dollars
- Golden State Warriors – -89,352,985 dollars
Can NBA teams go over the salary cap?
The NBA actually has a ‘soft cap’ unlike most American sports, so teams are actually able to exceed the cap under certain circumstances.
Team can pay for the penalty of how much they have exceeded the limits, and the Golden State Warriors and the Brooklyn Nets are two of the teams that have done this in recent years.
