The Portland Trail Blazers and the rest of the NBA are expected to see a jump in the salary cap for the 2023-24 season. The Athletic’s Shams Charania tweeted out an update Friday.
The NBA has informed teams that the 2023-24 salary cap is currently projected to be $134 million ($10.4M higher than this season), with $162M tax level, per sources. Both are $1M higher than previous projections.
The massive jump in the salary cap is good for a team like the Blazers, who are expected to be buyers as they approach a window in which they believe they can contend.