NBA News Round-Up, Sep. 17: KD Plans to Join LeBron in LA; League sets salary cap for next 2 seasons

League sets salary cap for the next 2 seasons

2018 NBA Finals - Commissioner Adam Silver Press Conference

A couple of offseasons back, the NBA witnessed a steep rise in their salary cap. It jumped from $70 million for the 2015-16 season to $94 million for the 2016-17 season. A lot of this had to do with the league's new television contract with ESPN and TNT, which is slated to run till the end of the 2024-25 season and is valued at $2.44 billion a year according to the New York Times.

On Monday, Shams Charania, a Senior NBA Insider/Writer/Analyst for the Athletic, reported that the league had released the salary cap numbers for the next two seasons.

From last memo to teams in June, NBA's projections are unchanged for 2019-20 season -- but 1.5 percent ($2M) higher for 2020-21 season due to BRI projections and projected shortfall-based adjustment. https://t.co/4cX8FOj7BV

— Shams Charania (@ShamsCharania) September 18, 2018

The league's salary cap continues to rise. For this upcoming season, the cap is set at $101.9 million, just around $3 million more than the previous year.