The NBA announced that the salary cap for the 2014-15 season will be an all-time high of $63.065 million, an increase by 7.5 percent. The tax level for the season will be $76.829 million, an increase of 7.1 percent. The minimum team salary, which is set at 90 percent of the cap, is $56.759 million.

The estimate of the new salary cap was $63.2 million.