Brooklyn Nets

Brooklyn Nets 2023-24 Salary Cap

Nets 2023-24 Salary Cap

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

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Player Option
Club Option
Non-Guaranteed
Estimate
Player (11) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
Simmons Ben Simmons PG $37,893,408 $37,893,408 - - - $37,893,408 18.83 28.28 $78,231,552
($78,231,552)
Acquired via Trade
Bridges Mikal Bridges SF $21,700,000 $21,700,000 - - - $21,700,000 10.78 16.19 $69,900,000
($69,900,000)
Acquired via Trade
Dinwiddie Spencer Dinwiddie PG $20,357,143 $18,857,143 $1,500,000 $1,071,428 - $20,357,143 10.12 15.19 $18,857,143
($18,857,143)
Acquired via S&T
Harris Joe Harris SG $19,928,571 $19,928,571 - $500,000 - $19,928,571 9.90 14.87 $19,928,571
($19,928,571)
Free Agent / Bird
Finney-Smith Dorian Finney-Smith PF $13,930,820 $13,394,160 - - $536,660 $13,930,820 6.92 10.40 $43,158,960
($43,158,960)
Acquired via Trade
Claxton Nicolas Claxton C $9,625,000 $8,750,000 $875,000 $437,500 - $9,625,000 4.78 7.18 $8,750,000
($8,750,000)
Free Agent / Bird
O'Neale Royce O'Neale SF $9,500,000 $9,500,000 - - - $9,500,000 4.72 7.09 $9,500,000
($2,500,000)
Acquired via Trade
G'teed: $2,500,000
Mills Patty Mills PG $6,802,950 $6,802,950 - $618,450 - $6,802,950 3.38 5.08 $6,802,950
($6,802,950)
Free Agent / Non-Bird
Thomas Cameron Thomas SG $2,240,160 $2,240,160 - - - $2,240,160 1.11 1.67 $6,281,409
($2,240,160)
Drafted / Rookie Scale
Sumner Edmond Sumner SG $2,239,943 $2,239,943 - - - $2,239,943 1.11 1.67 $2,239,943
($0)
Free Agent / Minimum
G'teed: $0
Sharpe Day'Ron Sharpe C $2,210,040 $2,210,040 - - - $2,210,040 1.10 1.65 $6,199,162
($2,210,040)
Drafted / Rookie Scale


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 (1) Pos.
GrayRaiQuan Gray PF          


2023-24 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Nets 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 (9) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
JohnsonCameron Johnson SF $8,468,620 $17,663,697 Restricted Bird
CurrySeth Curry SG - $16,143,641 Bird
MilutinovNikola Milutinov C - $2,306,400
Duke Jr.David Duke Jr. SG $1,989,698 $1,989,698 Early Bird
AldridgeLaMarcus Aldridge PF - $1,989,698 Early Bird
ChandlerWilson Chandler SF - $1,989,698 Non-Bird
JamesMike James PG - $1,989,698 Non-Bird
WatanabeYuta Watanabe SF - $1,989,698 Non-Bird
SmithDru Smith SG $1,774,999 $1,774,999 Two-Way
Incomplete Roster Charge 1 spots 1 spots       $981,606  
Round 1, Pick #21       $3,043,560  
Round 1, Pick #22       $2,922,000  
Round 2, Pick #51       -  


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.

Non-Taxpayer Mid-Level Exception Details is awarded annually to teams who are above the cap but below the Luxury Tax Apron ($169,000,000) and can be used for contracts up to 4 years in length.

Bi-Annual Exception Details is available to any teams who are below the Luxury Tax Apron ($169,000,000), and did not use this exception in the previous season. It can be used for contracts up to 2 years in length.

Trade Exception Details becomes available when a team relinquishes more salary than it acquires during a trade. The "credit" balance remains as an exception that can be used within the next year to acquire salary via trade without further relinquishing additional salary.

Type Reason (Used On) Original Available
Non-Taxpayer Mid-Level
$12,221,000 $12,221,000
Bi-Annual
$4,448,000 $4,448,000
Trade
2/06/2024
Markieff Morris trade with DAL
$1,836,090 $1,836,090
Trade
2/06/2024
Kyrie Irving trade with DAL
$4,494,702 $4,494,702
Trade
2/07/2024
Kessler Edwards trade with SAC
$1,637,966 $1,637,966
Trade
2/09/2024
Kevin Durant trade with PHX
$18,131,946 $18,131,946
Trade
2/09/2024
T.J. Warren trade with PHX
$1,836,090 $1,836,090


2023-24 Luxury Tax Totals

Denotes the Nets 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 $162,000,000
Total Taxable Salaries $146,428,035
Current Luxury Tax Space $15,571,965


2023-24 Brooklyn Nets Salary Cap Totals

The Nets 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 $146,428,035
Cap Holds $54,784,393
Total Cap Allocations $201,212,428
Salary Cap Maximum
2023 NBA Salary Cap Max $134,000,000
Current Cap Space $-67,212,428
"Super Tax" Apron
2023 NBA Super-Tax Apron $179,500,000
Super-Tax Apron Space $30,444,587
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-10,135,258 — $-12,098,470

$-10,135,258
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.

$-12,098,470
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
6/29/2023 Dru Smith 2023-24 Qualifying Offer — Two-Way $1,774,999
6/29/2023 David Duke Jr. 2023-24 Qualifying Offer $1,989,698
6/30/2023 Cameron Johnson 2023-24 Qualifying Offer $8,468,620
7/05/2023 Edmond Sumner 2023-24 Guaranteed — final day of 2023 moratorium $2,239,943
7/10/2023 Royce O'Neale 2023-24 Guaranteed $9,500,000
10/31/2023 Cameron Thomas 2024-25 Club Option $4,041,249
10/31/2023 Day'Ron Sharpe 2024-25 Club Option $3,989,122
6/29/2024 RaiQuan Gray 2024-25 Qualifying Offer — Two-Way $1,923,495
6/30/2025 Dorian Finney-Smith 2025-26 Player Option $15,378,480
6/30/2025 Cameron Thomas 2025-26 Qualifying Offer $5,993,172
6/30/2025 Day'Ron Sharpe 2025-26 Qualifying Offer $5,983,683




Unsigned Draft Picks

Draft Year Player Age Position Country College
2014 Nemanja Dangubic 30 SG SRB
2015 Nikola Milutinov 28 C SRB
2015 Juan Vaulet 27 SF ARG
2015 Aaron White 30 PF USA Iowa
2016 David Michineau 28 PG GLP
2004 Christian Drejer 40 F DNK


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
HOU
2025
BKN
BKN
2026
HOU
2027
BKN    HOU
HOU right to swap
HOU    BKN
HOU right to swap with BKN
PHI
Top-4 Protected (if not already settled with OKC) or Top-8 Protected (if PHI conveys 1st to OKC in 2025)
OKC    BKN
5-30 OKC or 9-30 BKN (if PHI conveys 1st to OKC in 2025)
BKN
2028
BKN    PHX
BKN right to swap with PHX
PHI
Top-8 Protected (if not already settled with BKN and if PHI conveys 1st to OKC by 2026)
BKN
9-30 (if not already settled and if PHI conveys 1st to OKC by 2026)
PHX    BKN
BKN right to swap with PHX
2029
BKN
BKN
BKN
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
HOU
2025
NYK
via MIA
IND
31-37
BKN
38-60 (via IND)
2026
BKN
2027
DET
BKN
2028
BKN
BKN
PHI    BKN
PHI pick if PHI conveys second 1st to BKN by 2028; BKN pick if PHI does not convey second 1st to BKN by 2028
2029
BKN
BKN
BKN