what is the nba salary cap in 2017
$94.14 million
title: NBA salary cap text: future seasons based on league revenues. For the 2015–16 season, the salary cap was $70 million and the luxury tax limit was $84.74 million. For the 2016–17 season, the salary cap was set at $94.14 million and the luxury tax limit was $113.29 million. For the 2017–18 season, the cap is set at $99 million for the salary cap and $119 million for the luxury tax.The NBA's salary caps are considered "soft" salary caps. There are two kinds of salary caps: soft and hard. Soft salary caps allow teams to go above the salary cap however will subject the teams title: NBA salary cap text: NBA salary cap The NBA salary cap is the limit to the total amount of money that National Basketball Association teams are allowed to pay their players. Like many professional sports leagues, the NBA has a salary cap to control costs and benefit parity, defined by the league's collective bargaining agreement (CBA). This limit is subject to a complex system of rules and exceptions and as such is considered a "soft" cap and is calculated as a percentage of the league's revenue from the previous season. Under the CBA ratified in December 2011, the cap will continue to vary in title: NBA salary cap text: signed the contract once the NBA's free agency moratorium ended on July 6, 2017. Shortly thereafter, James Harden agreed on a DVPE with the Rockets. At the time of signing, his current contract had two years remaining with total pay of $59 million; the extension will add another $170 million over four seasons, ending in 2022–23. The next supermax signing was that of John Wall, who agreed later in July to a four-year, $170 million extension that will start in 2019–20. In late September, Russell Westbrook became the fourth and final supermax signing of the 2017 offseason, signing a five-year, title: Salary cap text: set at $94.14 million, with the salary floor at 84.73 million and the luxury tax limit at $113.29 million. The current CBA took effect with the 2017–18 season. The NBA uses a "soft" cap, meaning that teams were allowed to exceed the cap in order to retain the rights to a player who was already on the team. This provision was known as the "Larry Bird" exception, named after the former Boston Celtics great who was retained by that team until his retirement under the provisions of this rule. The purpose of this rule was to address fan unease over title: NBA salary cap text: for a salary up to his previous salary. The maximum amount of money a player can sign for is based on the number of years that player has played and the total of the salary cap. The maximum salary of a player with 6 or fewer years of experience is either $25,500,000 or 25% of the total salary cap (projected for 2017–18), whichever is greater. For a player with 7–9 years of experience, the maximum is $30,600,000 or 30% of the cap, and for a player with 10+ years of experience, the maximum is $35,700,000 or 35% of the cap.