The current cap is $58.044 million, and next season the rise will reportedly be only by about $500,000 (considerably lower than what had been projected). Per ESPN: “Hearing early projections given to GMs and owners in May have NBA salary cap rising to just $58.5 mil next season. This season: $58.044 mil. [...] Nothing binding until NBA does full July audit of 2012-13 season … some expected $60 mil cap for 2013-14.”