NBA Salary Cap Projected to Increase by Nearly $12 Million

The league's salary cap is expected to be $123.6 million for the 2022-23 season.
NBA Salary Cap Projected to Increase by Nearly $12 Million
NBA Salary Cap Projected to Increase by Nearly $12 Million /
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According to ESPN, the NBA's salary cap for the 2022-23 season is expected to be roughly $123.6 million. This would be an increase of $11.6 million from the previous season. 

Just three years ago, the cap was at $109.14 million. Five years ago, it was at $99 million. 

The 10% cap increase is just the third time in the last ten years where it has increased by double digits. In 2015 the salary cap shot up 11% before skyrocketing by 34.49% the following season. 

The Golden State Warriors are expected to have the highest team cap in NBA history with $209.43 million according to Spotrac. 

Although the Phoenix Suns have yet to see that spending, they did rank at the bottom of the NBA in salary spent in 2012 with $53.2 million. 

With just nine players signed to contracts, the Suns already find themselves with a total of $129 million. Devin Booker ($33.83 million), Chris Paul ($28.4 million) and Mikal Bridges ($21 million) are Phoenix's highest earners for the upcoming season. 

Although we don't know too much information about their plans in free agency, HoopsHype has already reported that Phoenix won't place a tender on guard Aaron Holiday, which will make him an unrestricted free agent.

The Suns could add to that total by signing center Deandre Ayton to a max contract, although numerous reports and rumors suggest the team isn't willing to have him on those figures. 

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Donnie Druin
DONNIE DRUIN

Donnie Druin is the Publisher for All Cardinals and Inside The Suns. Donnie moved to Arizona in 2012 and has been with Fan Nation since 2018. In college he won "Best Sports Column" in the state of Arizona for his section and has previously provided coverage for the Pittsburgh Steelers and Arizona State Sun Devils. Follow Donnie on Twitter @DonnieDruin for more news, updates, analysis and more!