The NBA’s latest salary cap projection for the 2017/18 season is now $101MM, sources told Adrian Wojnarowski of The Vertical. That’s an increase of nearly $7MM over this season’s cap of $94.1MM but lower than previous projections. The tax level is projected to rise $8MM to $121MM next season, Wojnarowski adds. (Twitter links).

This is a slight drop from the projections that Eric Pincus of Basketball Insiders reported in February. Pincus’ report projected a 2017/18 cap of $102MM with a tax threshold of $122MM.