Sources: NBA salary cap likely to hit $123.6M

by Gordon Dixon - The NBA salary cap number for next season, which will be finalized by the start of the league year Thursday, is projected to increase to $123.6 million.

Sources: NBA salary cap for 2022-23 projected to increase to $123.6M 1:46 PM ET Tim BontempsESPN NEW YORK -- The NBA's salary cap for the 2022-23 season is projected to come in at roughly $123.6 million, sources told ESPN, an $11.6 million increase from last season's $112 million figure. At that number, the luxury tax line for the 2022-23 season would be roughly $150.2 million, and the hard cap - which teams cannot exceed if they acquire a player in a sign-and-trade, or if they use the full mid-level exception - will come in at roughly $156.9 million. The final salary cap number, which will be determined once the audit of the league's finances is complete and the basketball-related income for the 2021-22 season is totaled, will be sent to teams before the league's moratorium for the start of the 2022-23 league year begins, at 6 p.m. ET on Thursday. The cap jump of $11.6 million would also be roughly equal to the amount the cap has increased from 2017-18 through 2021-22, as the league spent parts of each of the past three seasons playing through the COVID-19 pandemic.