The NBA has informed its teams that the projected salary cap will rise to $94 million for the 16-17 season. With a $94 million cap, the tax level will be $113 million.

The previous projection was at $92 million, while early estimates a year ago were at $89 million.

The cap for the 15-16 season was set at $70 million.

The NBA sent a memo on Friday afternoon that the Basketball Related Income (BRI) for this past season is ongoing and that the increased projection for the next salary cap is due to "business outperformance since the previous estimates."

The final cap will be determined following the NBA's final BRI audit on July 6th.