The NBA announced late Tuesday the 2012-13 season’s salary cap and luxury tax numbers with both remaining exactly the same as the 2011-12 season.
The salary cap is set at $58.044 million and the luxury tax line at $70.307 million. The minimum team salary, which is set at 85 percent of the cap number, is $49.337 million for the 2012-13 season.
Teams exceeding the tax line will have to pay one dollar for every dollar over. The new rules that deploy a much more punitive tax don’t begin until the 2013-14 season.
The salary cap is set each year by calculations based on projected amounts for Basketball Related Income (BRI) and benefits for the upcoming season. The projected BRI is negotiated by the league and players association. Each year the sides meet to agree on an amount. The salary cap calculation starting in 2012-13 takes 44.74 percent of the league’s projected BRI, subtracts projected benefits and then divides by the number of teams in the league.
How does this impact the Thunder? It doesn’t. The Thunder will be over the cap next season with a payroll of over $62 million, but things don’t come into play until the 2013-14 season. That’s when extensions (or new deals) for both Serge Ibaka and James Harden would go on the books and potentially push Oklahoma City near that big bad luxury tax.
The expectation though is in following years the cap and tax line will increase as league revenues reach all-time levels. It likely won’t increase too much for next season but something around $60 million for the cap and $74 million for the tax is possible. Which of course would be good news for the Thunder.