NBA salary cap for 2016-17 set at $94.143 million

The National Basketball Association announced that the Salary Cap has been set at $94.143 million for the 2016-17 season. The tax level for the 2016-17 season is $113.287 million.

The Salary Cap and tax level go into effect at 12:01 a.m. ET on Thursday, July 7, when the league's "moratorium period" ends and teams can begin signing free agents and making trades.

The minimum team salary, which is set at 90% of the Salary Cap, is $84.729 million for the 2016-17 season.