NBA Salary Cap For 2014-15 Season Set At $63.1M; Luxury Tax Line At $76.8M

Adam SilverNBA teams will have slightly less payroll space than expected to play around with in free agency and trades this season.

The salary cap, luxury tax line and other team-related financial considerations were set Wednesday, with the totals coming in a bit lower than anticipated. The salary cap for the 2014-15 season will be $63.065 million, while the luxury tax line will be $76.829 million.

Speculation had predicted those numbers would be closer to $63.3 million and $77 million, respectively.

The league also announced the amounts of three types of mid-level exception allowed under the collective bargaining agreement. The non-taxpayer mid-level will be $5.305 million, the taxpayer mid-level will be $3.278 and the mid-level for teams with room under the salary cap will be $2.732.

The minimum team salary is $56.759 million, or 90 percent of the salary cap.

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