Report: NBA informs teams of higher '22-23 cap than expected

The NBA has informed teams of a $121 million salary cap and tax level of $147 million for the 2022-23 season, reports The Athletic's Shams Charania.

Sources: The NBA has informed teams of projected salary cap and tax level in 2022-23 — $121M and $147M, both are $2M higher than previous estimates.

Charania adds that both figures are $2 million higher than previous estimates. 

The current salary cap for the 2021-22 season sits at $112.4 million while the tax level is at $136.6 million. The minimum team salary must account for 90 per cent of the salary cap.