The NBA’s minimum salary is one in all several figures that changes from 12 months to 12 months at the identical rate because the league’s salary cap. If the cap increases by 5% from one season to the following, the minimum salary will rise by the identical amount.
That signifies that although we don’t know yet exactly where the minimum salaries will find yourself for the 2023/24 season, we will make an informed estimate. When the NBA released its latest salary cap projection, the league forecasted a $133MM cap for the ’23/24 season. That’s roughly a 7.6% increase on this season’s cap, so the minimum salaries will increase at the identical rate.
[RELATED: NBA Minimum Salaries For 2022/23]
A player’s minimum salary is decided partly by how much NBA experience he has — a veteran who has 10+ seasons under his belt is eligible for a significantly higher minimum salary than a rookie could be. Based on the present 2023/24 cap estimate, next 12 months’s rookie minimum salary will approach $1.1MM, while the minimum for a veteran with 10+ years of service will surpass $3MM for the primary time.
Listed here are the present minimum salary projections for the 2023/24 season, based on a $133,000,000 cap:
|Years of Experience||Salary|
We’ll update these figures later within the season if the NBA adjusts its cap projection for the 2023/24 season, and nevertheless next 12 months when the league officially sets the ’23/24 cap.
We previously published projections for the ’23/24 maximum salaries and mid-level and bi-annual exceptions, based on a $133MM cap.