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The NBA is projecting its salary cap for the 2026-27 season at $165 million, ESPN’s Shams Charania reports.

The number comes in at $1M less than previous projections due to a reduction in local media revenue, according to the report. The number is roughly $10 million more than the $154.7 million salary cap this season.

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The NBA has not confirmed the reported numbers for next season.

Per the report, the salary floor projects to come in at $149 million, the tax level will be set at $201 million, the first apron will land at $209 million and the second apron will be $222 million. The apron levels are also $1 million each below initial projections, per the report.

By comparison, the salary floor this season is $139.2 million, the first apron is $195.9 million and the second apron is $207.8 million.

Per Spotrac, 29 of the NBA’s 30 teams are above the soft salary cap this season. Only the Brooklyn Nets at $150.5 million come in below it. The Memphis Grizzlies have the second-lowest payroll at $157.1 million.

This story will be updated.

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