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NBA free agency: Opt in or opt out? (2:15)

Some of the NBA's biggest stars are in this year's free-agent class. 1:45

1:46 PM ET

According to sources, the NBA's salary cap for the 2022-23 season is expected to be around $123.6 million, an increase from last season's $112 million.

The hard cap, which teams cannot exceed if they acquire a player in a sign-and-trade deal or if they use the full midlevel exception, will come in at about fifteen dollars.

Once the audit of the league's finances is complete and the basketball-related income for the 2021-22 season is totaled, the final salary- cap number will be sent to teams. The time is on Thursday.