With teams being able to sign players today, the NBA salary cap will remain the same as the past season, $58.044 million.
When it comes to the luxury tax, it will also remain the same. Teams that will pay the luxury tax, will see it set $70.307 million.
According to sports.yahoo.com
“Any team exceeding that will pay a $1 tax for every $1 by which it is over. The tax will become more punitive starting in the 2013-14 season.”
Teams will have the
midlevel exception for teams under the tax is $5 million, and the taxpayer midlevel is $3.09 million. The new ”mini” midlevel for teams with room under the salary cap is $2.575 million.