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    Tue, Sep 27
    PHOTO: AP

    NEW YORK — The NBA told its teams on Friday (Saturday, Manila time) that it still expects to see a significant jump in the salary cap and tax level in the 2023-24 season.

    Based on current projections, the cap will rise 8.4 percent, and the tax level will rise 7.8% over this season.

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    Both figures — $134 million for the salary cap in 2023-24, $162 million as the tax level — would set records, and both are $1 million higher than the league's most recent projections made in June. The looming 2022-23 season has a cap of $123.655 million, a tax level of $150.267 million.

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      Also on Friday, the league told teams that total luxury tax payments for the coming season would be around $660 million, half of which would fund revenue sharing and the other half distributed in equal shares — about $17 million each — to the teams not currently projected to have to pay the tax.

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      But that tax number can, and almost certainly will, fluctuate wildly before a final calculation is made at the end of the regular season.

      Training camps in the NBA begin later this month, with the regular season starting Oct. 18.

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      PHOTO: AP
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