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.

NBA free agency is underway, and after a week, some notable names remain unsigned. That includes Jonathan Kuminga and Josh Giddey, who are both restricted free agents this summer.

To officially sign Myles Turner, the Bucks needed to create some cap space. They did that by waiving nine-time All-Star point guard Damian Lillard and Vasilije Micić, two moves that became official Monday.