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Spectacular salary cap hike coming
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THE NBA is preparing for a record jump in team salary cap limits ahead of the 2016-17 season after the players union rejected a league plan for gradual increases.
The league announced that the Players Association will not agree to artificially lowering the NBA salary cap for several seasons when a nine-year broadcast rights deal worth US$24 billion begins next year.
The NBA’s “smoothing” plan would not have changed the 51 percent of revenues going to players under their union deal, but it would have prevented a potential explosion in free agent salaries before the 2016-17 campaign. A salary cap at about US$63 million per team this season will likely rise by approximately US$3 million to US$5 million a club for next season. But when the clubs receive new rights fee riches, that salary ceiling could soar above $90 million a team — three times the previous biggest jump in the cap between seasons.
Four-time NBA Most Valuable Player LeBron James was anticipating the huge salary jump when he signed only a one-year contract with a player option year with Cleveland last year. James could sign a new deal nearing US$150 million after next season as the top free agent. Kevin Durant, the Oklahoma City Thunder star who is a four-time NBA scoring champion and was last season’s NBA Most Valuable Player.
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