Athletistic/Basketball. The NBA has notified teams across the league that it will raise the salary cap and wealth tax threshold beginning in the 2023-24 season. It is reported by ESPN.

The salary cap is expected to reach $134 million and the luxury tax threshold to $162 million, both of which will be NBA records and exceed previous forecasts made earlier this summer. Compared to the coming season, the numbers will increase by 8.4% and 7.8%.

For the 2022/23 season, the salary cap is $123.655 million and the luxury tax threshold is $150.267 million.

It should be noted that the leaders of the NBA clubs have criticized such a system.

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