Orlando Magic

Orlando Magic 2023-24 Salary Cap

Magic 2023-24 Salary Cap

An updated look at the Orlando Magic 2023 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

Player Option
Club Option
Non-Guaranteed
Estimate
Player (15) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
Isaac Jonathan Isaac PF $17,400,000 $17,400,000 - $2,600,000 - $17,400,000 12.49 12.79 $34,800,000
($17,400,000)
Rk Extension / Bird
Fultz Markelle Fultz PG $17,000,000 $17,000,000 - $1,000,000 - $17,000,000 12.20 12.50 $17,000,000
($17,000,000)
Rk Extension / Bird
Carter Jr. Wendell Carter Jr. C $13,050,000 $13,050,000 - - - $13,050,000 9.36 9.59 $35,850,000
($35,850,000)
Rk Extension / Bird
Harris Gary Harris SG $13,000,000 $13,000,000 - - - $13,000,000 9.33 9.56 $13,000,000
($13,000,000)
Vet Extension / Bird
Banchero Paolo Banchero PF $11,608,080 $11,608,080 - - - $11,608,080 8.33 8.53 $39,103,649
($23,768,880)
Drafted / Rookie Scale
Ingles Joe Ingles SF $11,000,000 $11,000,000 - - - $11,000,000 7.89 8.09 $22,000,000
($11,000,000)
Free Agent / Space
Wagner Moritz Wagner C $8,000,000 $8,000,000 - - - $8,000,000 5.74 5.88 $16,000,000
($16,000,000)
Free Agent / Bird
Suggs Jalen Suggs SG $7,252,080 $7,252,080 - - - $7,252,080 5.20 5.33 $16,440,465
($16,440,465)
Drafted / Rookie Scale
Black Anthony Black SG $7,245,480 $7,245,480 - - - $7,245,480 5.20 5.33 $32,929,836
($14,853,240)
Drafted / Rookie Scale
Anthony Cole Anthony PG $5,539,771 $5,539,771 - - - $5,539,771 3.98 4.07 $44,639,771
($31,539,771)
Drafted / Rookie Scale
Wagner Franz Wagner SF $5,508,720 $5,508,720 - - - $5,508,720 3.95 4.05 $12,515,812
($12,515,812)
Drafted / Rookie Scale
Okeke Chuma Okeke PF $5,266,713 $5,266,713 - - - $5,266,713 3.78 3.87 $5,266,713
($5,266,713)
Drafted / Rookie Scale
Howard Jett Howard SG $5,026,800 $5,026,800 - - - $5,026,800 3.61 3.70 $23,172,779
($10,305,120)
Drafted / Rookie Scale
Bitadze Goga Bitadze C $2,066,585 $2,066,585 - - - $2,066,585 1.48 1.52 $2,066,585
($2,066,585)
RoS / Minimum
Houstan Caleb Houstan SF $2,000,000 $2,000,000 - - - $2,000,000 1.44 1.47 $6,207,398
($2,000,000)
Drafted / NT-MLE


2023-24 Two-Way

Players signed to Two-Way contracts that are currently designated to G-League affiliate. Two-way salaries do not count against a team's Total Cap/Tax Allocations.

Player (3) Pos.
HarrisKevon Harris SG          
QueenTrevelin Queen SG          
SchofieldAdmiral Schofield SF          


2023-24 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Magic are currently over the league salary cap, these cap holds do not count against their Total Cap figure. Renouncing these cap holds will NOT afford the team any new cap space. These figures are not counted toward a team's Luxury Tax Allocation.

Player (3) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
VazquezFran Vazquez C - $4,570,080 1st Round Rookie Scale
Carter-WilliamsMichael Carter-Williams PG - $2,019,706 Bird
ThornwellSindarius Thornwell SG - $1,801,769 Two-Way


Exceptions

Exceptions are essentially "grants" offering teams an additional way to sign players. Exceptions can be split up for multiple player signings, however only one of these exceptions may be used in a season and they cannot be combined.

Room Mid-Level Exception Details is awarded annually to teams who are below the cap (eliminating the NTMLE/TMLE/BAE) and can be used for contracts up to 2 years in length.

Type Reason (Used On) Original Available
Room
$7,723,000 $7,723,000


2023-24 Luxury Tax Totals

Denotes the Magic current standing in terms of the luxury tax threshold. Teams that spend over the threshold pay fines (estimated below).

Type Totals
2023 NBA Luxury Tax Threshold $165,294,000
Total Taxable Salaries $130,964,229
Current Luxury Tax Space $34,329,771


2023-24 Orlando Magic Salary Cap Totals

The Magic are currently over the league salary cap. This means Cap Holds & Exceptions are NOT included in their Total Cap Allocations, and renouncing these figures will not afford them any cap space. The team may only sign outside players using any available exceptions or at league minimum salaries.

Cap Type Cap Total
Active Roster Cap $130,964,229
Cap Holds $8,391,555
Total Cap Allocations $139,355,784
Salary Cap Maximum
2023 NBA Salary Cap Max $136,021,000
Current Cap Space $-3,334,784
Second Apron
2023 NBA Second Apron $182,794,000
Second Apron Space $48,229,771
Salary Cap Floor
2023 NBA Salary Cap Floor $122,418,900
Current Floor Space $-8,545,329
 

2023-24 Practical Cap Space

Available Practical Cap Space: $7,123,356 — $5,056,771

$7,123,356
Projected Practical Cap Space:

This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries + estimated exercised and declined options + estimated retained cap holds and draft pool cap holds.

$5,056,771
Maximum Possible Cap Space:

This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries. All other options, cap holds, exceptions are assumed as declined, waived or renounced.





Deadlines

Deadline Date Player Type Value
6/29/2024 Cole Anthony 2024-25 Qualifying Offer $7,744,600
6/29/2024 Admiral Schofield 2024-25 Qualifying Offer — Two-Way $1,867,722
6/29/2024 Moritz Wagner 2024-25 Club Option $8,000,000
6/29/2024 Joe Ingles 2024-25 Club Option $11,000,000
6/29/2024 Trevelin Queen 2024-25 Qualifying Offer — Two-Way $1,867,722
6/29/2024 Kevon Harris 2024-25 Qualifying Offer — Two-Way $1,867,722
6/29/2024 Chuma Okeke 2024-25 Qualifying Offer $7,399,732
6/29/2024 Franz Wagner 2025-26 Qualifying Offer $9,445,561
6/30/2024 Caleb Houstan 2024-25 Guaranteed $2,019,699
10/31/2024 Anthony Black 2025-26 Club Option $7,970,280
10/31/2024 Jett Howard 2025-26 Club Option $5,529,720
10/31/2024 Paolo Banchero 2025-26 Club Option $15,334,769
1/10/2025 Jonathan Isaac 2024-25 Guaranteed $17,400,000
6/29/2025 Caleb Houstan 2025-26 Club Option — non-guaranteed
6/29/2025 Jalen Suggs 2025-26 Qualifying Offer $12,183,799
6/30/2025 Caleb Houstan 2025-26 Guaranteed $2,187,699
10/31/2025 Anthony Black 2026-27 Club Option $10,106,316
10/31/2025 Jett Howard 2026-27 Club Option $7,337,939
6/29/2026 Cole Anthony 2026-27 Club Option $13,100,000
6/29/2026 Paolo Banchero 2026-27 Qualifying Offer $19,935,200
6/29/2027 Jett Howard 2027-28 Qualifying Offer $10,779,433
6/29/2027 Anthony Black 2027-28 Qualifying Offer $14,492,458




Unsigned Draft Picks

Draft Year Player Age Position Country College
2013 Janis Timma 31 SF LVA
2005 Fran Vazquez 40 C ESP
2018 Justin Jackson 27 SF CAN Maryland
1995 Rashard Griffith 49 C USA Wisconsin
2003 Remon van de Hare 41 C NLD


Future Draft Picks

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
2024
ORL
2025
DEN
Top-5 Protected (from ORL)
ORL
6-30
ORL
2026
ORL
2027
DEN
Top-5 Protected (if not already settled with ORL or 1-5 if 1st conveyed to ORL by 2025)
ORL    OKC
6-30 (if not already settled) or to OKC if 6-30 (if DEN conveyed 1st to ORL by 2025)
ORL
2028
ORL
2029
ORL
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
2024
ORL
2025
ORL
Less favorable of BOS and MEM to ORL then other to OKC
ORL
2026
ORL
via LAC
ORL
Two most favorable of DET, MIL and ORL to ORL then other to PHX (via DET to LAC to DET)
2027
ORL
ORL
2028
ORL
ORL
More favorable of LAL and WAS to ORL then other to WAS
2029
ORL