NBA sets salary cap at $140.588 million for 2024-25 season

(Photo credit: Peter Casey-USA TODAY Sports)The NBA announced Sunday that the salary cap is set at $140.588 million for the 2024-25 season.

The league said the Tax Level will be $170.814 million.

Both figures go into effect at 12:01 a.m. ET on Monday.

Teams are allowed to begin negotiations with free agents at 6 p.m. ET on Sunday. Signings can become official Saturday.

The NBA said the minimum team salary is set at $