The new NBA
In which money is worth less for some franchises that have committed to spend more than $2 billion on their contracts with free agents between the market opening and the end of the moratorium (July 1-9), is now definitively underway with the start of official contract signings and the announcement of the new salary cap for the new 2015-16 season: $70 million.
An 11% increase
The highest percentage increase since the summer of 2002, which only anticipates the madness that will come in the next two seasons and that is determining the enormous figures that are already being moved in the extension and new contract signings: an estimated salary cap of about $89 million for 2016-17 and an incredible $108 million in 2017-18.
In the previous season, the salary cap was $63.1 million, the luxury tax threshold was $76.8 million, and the minimum floor that franchises had to spend on team salaries was $56.8 million. Those figures now go up to 70, 84.7, and 63 million. All three are records and at the same time just a preview of what will come next summer: madness.