Officialsportsbetting.com NBA Betting NBA Projects 23-24 Salary Cap At $136M, Luxury Tax At $165M

NBA Projects 23-24 Salary Cap At $136M, Luxury Tax At $165M

The NBA has informed teams that the 23-24 salary cap is projected at $136 million, which is $2 million higher than their previous projection.

The luxury tax will be set at $165 million, which is $3 million higher than their previous projection.

The salary cap for the 22-23 season was set at $123.655 million.

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New York Knicks vs Boston Celtics
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Golden State Warriors vs Minnesota Timberwolves
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Cleveland Cavaliers vs Indiana Pacers
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Oklahoma City Thunder vs Denver Nuggets
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Bulls top Cavs 99-93, James moves to 7th on NBA scoring list (Sports Betting News)Bulls top Cavs 99-93, James moves to 7th on NBA scoring list (Sports Betting News)

CHICAGO, IL - MARCH 30: LeBron James #23 of the Cleveland Cavaliers handles the ball during a game against the Chicago Bulls on March 30, 2017 at the United Center in Chicago, Illinois. (Photo by Jeff Haynes/NBAE via Getty Images)

Nikola Mirotic tied season highs with 28 points and six 3-pointers, Jimmy Butler scored 25, and the Chicago Bulls beat the Cleveland Cavaliers 99-93 on a night when LeBron James moved into seventh place on the NBA’s career scoring list. James moved past Shaquille O’Neal, finishing with 26 points and giving him 28,599 for his career – three more than O’Neal.

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