NBL salary cap rises for 2024-25 season

Xavier Cooks of the Sydney Kings recently signed the largest deal in NBL history. Photo by Mark Metcalfe/Getty Images

The salary cap for the 2024-25 NBL season has been set at $1,947,662.58, sources told ESPN, ahead of the official opening of free agency.

The new figure is a 7 percent rise from last season's salary cap; the maximum it was able to increase, according to the league's Collective Bargaining Agreement.

The opening of NBL Free Agency is at 9am (AEDT) on April 15, with teams officially permitted to begin negotiations with off-contract players from that point onwards.

The salary floor for the 2024-25 season rose to $1,752,913.85, sources said. That figure is the minimum each team must spend on its playing roster going into the season.

A team's first marquee player would hit the cap at $233,697.34, sources said, while a second marquee comes in at $311,597.82. If a team opts for a third marquee, it would hit the cap at $389,496.93, with a fourth coming in at $467,396.04. The marquee rule allows NBL teams to give non-restricted players - Australian and Kiwi athletes - large deals but put them on those fixed cap hits, increasing the chance of staying below the salary cap.

NBL teams are permitted to have a combined four imports and marquee players on its roster.

The minimum salary going into the 2024-25 season has been set at $74,540.23, sources said, with that number set to jump to $79,758.05 going into the 2025-26 season. Last season's minimum was $69,748.76.

The Five-Player Rule threshold has been set at $701,165.54, sources said. The five lowest-paid players on each NBL team must have a combined value of that figure or lower.

The minimum salary for a development player has been set at $21,630.42.