NEW YORK – The National Basketball Association today announced that the Salary Cap has been set at $154.647 million for the 2025-26 season. The Tax Level for the 2025‑26 season is $187.895 million.
The Salary Cap and Tax Level go into effect at 12:01 a.m. ET on Tuesday, July 1. Teams are permitted to begin negotiating with all free agents today at 6:00 p.m. ET — six hours prior to the start of the league’s “moratorium period.” The moratorium period ends at noon ET on Sunday, July 6.
• The Minimum Team Salary is $139.182 million for the 2025-26 season.
• The First Apron Level is $195.945 million for the 2025-26 season.
• The Second Apron Level is $207.824 million for the 2025-26 season.
The Collective Bargaining Agreement provides for three different Mid-Level Exceptions depending on a team’s salary level. The Non-Taxpayer Mid-Level for the 2025-26 season is $14.104 million, the Taxpayer Mid-Level is $5.685 million, and the Mid-Level for a team with room under the Salary Cap is $8.781 million.
