Per Shams Charania of the Athletic, the NBA informed the teams regarding the salary cap and the tax level for the next two seasons.
More specifically, the salary cap will climb to $109M in the 2019/20 season and $118M in the 2020/21. At the same time, the tax level will be $132M in 2019 and $143M in 2020.
It’s worth mentioning that the salary cap for the 2018/19 season is $101.9M.
Sources: The NBA has informed its teams of updated projected salary cap and tax level for 2019-20 ($109M, $132M) and 2020-21 ($118M, $143M).
— Shams Charania (@ShamsCharania) September 18, 2018