The NBA minimum wage is one of many numbers that change from year to year at the same rate as the league’s salary cap. If the cap increases by 5% from season to season, the minimum wage will increase by the same amount.
This means that while we don’t yet know exactly where minimum wages will end up for the 2023/24 season, we can make an educated guess. When the NBA released its last salary cap projection, the league was projecting a cap of $133 million for the 23/24 season. This represents an increase of about 7.6% from the cap this season, so minimum wages will increase at the same rate.
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A player’s minimum wage is determined in part by their NBA experience — a veteran with more than 10 seasons under his belt is entitled to a significantly higher minimum wage than a rookie. Based on the current estimate of the 2023/24 cap, the minimum salary for next year’s recruits will approach $1.1 million, while the minimum for a veteran with more than 10 years of service will exceed $3 million. dollars for the first time.
Here are the current minimum wage projections for the 2023/24 season, based on a cap of $133,000,000:
|years of experience||Salary|
We’ll update these numbers later in the season if the NBA adjusts its cap projection for the 2023/24 season, and then again next year when the league officially sets the 23/24 cap.
We previously released projections for 23/24 salary caps and mid- and semi-annual exceptions, based on a cap of $133 million.