136021000 Salary Cap History

Largest Guarantee

The Philadelphia 76ers 2024-25 salary cap table, including salary cap table including team cap space player cap hits incentives bonus info. A current summary of Philadelphia 76ers 2021-22 player cap cash figures. . If the Sixers do win a series and Reeds salary becomes guaranteed they could create around 584 million of cap space with Embiid and Reed under contract Maxeys cap hold on their..

Salary Cap History

The NBA salary cap is a system that limits the amount of money that teams can spend on player salaries. The cap is designed to promote competitive balance by preventing teams from spending excessively on players and creating a more level playing field. The salary cap has been in place since the 1984-85 season and has been revised several times over the years.

The current salary cap is set at $136 million, with a luxury tax threshold of $149 million. Teams that exceed the luxury tax threshold are subject to a penalty tax of up to 150% of the amount they exceed the cap.

Largest Guarantee

The largest guaranteed contract in NBA history belongs to Joel Embiid of the Philadelphia 76ers. Embiid signed a five-year, $196 million contract extension with the Sixers in 2019. The contract includes a player option for the fifth year, which Embiid can exercise if he plays at least 65% of the games in the first four years of the contract.

Embiid's contract is a reflection of his status as one of the league's most dominant players. He is a four-time All-Star and has been named to the All-NBA First Team three times. Embiid is also the reigning NBA scoring champion.