Boston Celtics Contracts

The History of the NBA Salary Cap

The Salary Cap's Origins

The NBA salary cap was first implemented in 1984 as a way to prevent teams from spending excessively on player salaries. The cap was originally set at $3.6 million per team, and it has increased steadily over the years. The current salary cap is $96.4 million per team.

Largest Guaranteed Contracts

The largest guaranteed contract in NBA history is the $254 million deal that Giannis Antetokounmpo signed with the Milwaukee Bucks in 2020. This contract is for five years and includes a player option for the final year.

The Boston Celtics' Payroll

The Boston Celtics have one of the highest payrolls in the NBA. The team's total payroll for the 2023-24 season is $170 million. This includes $103 million in guaranteed money. The Celtics have five players with salaries of $20 million or more, including Jayson Tatum, Jaylen Brown, Marcus Smart, Al Horford, and Robert Williams III.

The Future of the Salary Cap

The NBA salary cap is expected to continue to increase in the future. This is due in part to the league's increasing revenue. The NBA's revenue is projected to reach $10 billion by 2025.

Conclusion

The NBA salary cap has a significant impact on the league's competitive balance. The cap prevents teams from spending excessively on player salaries, and it helps to ensure that all teams have a chance to compete for a championship.