There are going to be salary cap flesh holds this year, there will be a luxury tax as well as a hard cap to prevent teams from overstocking on talent.
SALARY CAP- $55 630 000
LUXURY TAX- $67 000 000
HARD SALARY CAP- $85 000 000
Staying under the luxury tax is very important to save GM cash. For every 1 Million you are over the Luxury Tax, you will be fined $1,000 GM cash. This is to prevent teams from getting to far in debt, and if teams do they will be penalized. All the Luxury Tax money will then be transfered to the NBA Championship team as a reward.
The Hard cap is not as flexible as the Luxury Tax. If you are over the Hard Cap by the time Free Agency Starts, you can not use your MLE/LLE. You will also lose your first round draft rights to the player drafted. If you are over come draft time the worse player in the draft will be assigned to your team. If you did not own a draft pick the closest 1st round pick you own will be picked then cut for free. This will not be a good player. If you own 2 picks the better of the two picks will be taken away and you will be permitted to draft one player.