The NBA announced that the salary cap has been set at $154.647 million for the 2025-26 season, while the tax level is $187.895 million. The first apron level is set at $195.945 million, and the second apron level is $207.824 million. The salary cap and tax level went into effect at 12:01 a.m. ET on Tuesday.

The champagne has barely dried on the Oklahoma City Thunder’s championship parade, but the NBA offseason is already in full swing. Kevin Durant was traded to the Houston Rockets before Game 7 of the 2025 NBA Finals, and a wild offseason full of trades and surprising draft selections have played out ever since.

Perhaps no team in the NBA will have a more quiet free agency period than the reigning champion Oklahoma City Thunder.