National Basteball Association salary cap for 2015-16 set at all-time high $70 million; deals can be

And after the players union rejected a salary-cap smoothing proposal in March, the projected cap line for the 2016-17 season is expected to make another jump somewhere into the $80-90 million range.

With the cap set, the league’s moratorium will be lifted at midnight, and deals and trades that were agreed to since free agency opened on July 1 can become official beginning Thursday at 12:01 a.m. EDT. Sports’ Adrian Wojnarowski. The luxury tax threshold will be $84.7 million, according to Wojnarowski.

The salary cap comes in significantly higher than estimated for the 2015-16 season, though it should have no effect on the Wolves.

Minimum salaries, mid-level exceptions and rookie-scale contracts are preset by the Collective Bargaining Agreement, so those are unaffected.

A late influx of revenue suggested that figure could rise $2 million. The new norm will come with more zeros attached to it. If you think $70 million is a lot, it could hit $100 million by the 2017-18 season.

In the meantime, there’s plenty of money for teams and players next season.

LOS ANGELES, CA – JUNE 28: Professional basketball player Anthony Davis attends the 2015 BET Awards at the Microsoft Theater on June 28, 2015 in Los Angeles, California.