NBA’s Salary Cap Rises to Record $70 Million for 2015-16 Season

The National Basketball Association’s salary cap rose by 11 percent to a record $70 million per team for the 2015-16 season, the league announced Wednesday night.

The cap was set at $63.1 million for this past season, a record at the time, and was $58.7 million the previous year.

The minimum team salary, set at 90 percent of the cap, is $63 million and went into effect at 12:01 a.m. Eastern time Thursday, when the league moratorium on player signings and trades ended.

The NBA’s tax level increased 10.3 percent to $84.7 million, with teams exceeding that figure paying a tax.

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