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.

Player Option
Club Option
Non-Guaranteed
Estimate
Player (14) 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 23.59 27.86 $78,231,552
($78,231,552)
Acquired via Trade
Johnson Cameron Johnson SF $25,679,348 $24,456,522 $1,222,826 $3,668,478 - $25,679,348 15.98 18.88 $91,125,000
($90,000,000)
Free Agent / Bird
Bridges Mikal Bridges SF $21,700,000 $21,700,000 - - - $21,700,000 13.51 15.95 $69,900,000
($69,900,000)
Acquired via Trade
Finney-Smith Dorian Finney-Smith PF $13,932,008 $13,394,160 - - $537,848 $13,932,008 8.67 10.24 $43,158,960
($43,158,960)
Acquired via Trade
Schröder Dennis Schröder PG $12,405,000 $12,405,000 - - - $12,405,000 7.72 9.12 $17,730,595
($25,430,250)
Acquired via Trade
Claxton Nicolas Claxton C $9,625,000 $8,750,000 $875,000 $437,500 - $9,625,000 5.99 7.08 $8,750,000
($8,750,000)
Free Agent / Bird
Clowney Noah Clowney PF $3,089,520 $3,089,520 - - - $3,089,520 1.92 2.27 $15,146,274
($6,333,600)
Drafted / Rookie Scale
Whitehead Dariq Whitehead SG $2,966,040 $2,966,040 - - - $2,966,040 1.85 2.18 $14,709,752
($6,080,280)
Drafted / Rookie Scale
SEI-Shin
Bates-Diop Keita Bates-Diop SF $2,346,614 $2,346,614 - - - $2,346,614 1.46 1.73 $3,544,739
($5,001,258)
Acquired via Trade
Thomas Cameron Thomas SG $2,240,160 $2,240,160 - - - $2,240,160 1.39 1.65 $6,281,409
($6,281,409)
Drafted / Rookie Scale
Sharpe Day'Ron Sharpe C $2,210,040 $2,210,040 - - - $2,210,040 1.38 1.62 $6,199,162
($6,199,162)
Drafted / Rookie Scale
Smith Jr. Dennis Smith Jr. PG $2,019,706 $2,528,233 - - - $2,019,706 1.26 1.48 $2,528,233
($2,528,233)
Free Agent / Minimum
Walker IV Lonnie Walker IV SG $2,019,706 $2,346,614 - - - $2,019,706 1.26 1.48 $2,346,614
($2,346,614)
Free Agent / Minimum
Watford Trendon Watford PF $2,019,706 $2,019,706 - - - $2,019,706 1.26 1.48 $2,019,706
($2,019,706)
Free Agent / Minimum


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.
JohnsonKeon Johnson SG          
MartinJaylen Martin F          
WilsonJalen Wilson PF          


2023-24 Dead/Retained Cap

Cap breakdowns for players who have been released or served 10-day contracts. All count against the team's Total Cap Allocations.

Player (3) Pos. Base Salary Likely
Incent.
Unlikely
Incent.
Trade Bonus Cap Figure Cap % Notes
YoungThaddeus Young PF $8,000,000 - - - $8,000,000 4.98 Waived
GilesHarry Giles C $2,165,000 - - - $2,019,706 1.26 Waived
GoodwinJordan Goodwin PG $1,927,896 - - - $1,927,896 1.20 Waived


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 (4) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
MilutinovNikola Milutinov C - $2,306,400 1st Round Pick
AldridgeLaMarcus Aldridge PF - $2,221,685 Early Bird
ChandlerWilson Chandler SF - $2,019,706 Non-Bird
JamesMike James PG - $2,019,706 Non-Bird


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 ($172,346,000) 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 ($172,346,000), 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
$12,405,000 $12,405,000
Bi-Annual
$4,516,000 $4,516,000
Trade
7/06/2024
Joe Harris trade with DET
$19,928,571 $19,928,571
Trade
7/08/2024
Patty Mills trade with HOU
$6,802,950 $6,802,950


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 $165,294,000
Total Taxable Salaries $152,093,858
Current Luxury Tax Space $13,200,142


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 $140,146,256
Dead Money $11,947,602
Cap Holds $8,567,497
Total Cap Allocations $160,661,355
Salary Cap Maximum
2023 NBA Salary Cap Max $136,021,000
Current Cap Space $-24,640,355
Second Apron
2023 NBA Second Apron $182,794,000
Second Apron Space $26,594,164
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-24,640,355 — $-4,125,256

$-24,640,355
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.

$-4,125,256
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 Trendon Watford 2024-25 Qualifying Offer $2,726,604
6/29/2024 Keita Bates-Diop 2024-25 Player Option $2,654,644
6/29/2024 Jalen Wilson 2024-25 Qualifying Offer — Two-Way $1,981,953
6/29/2024 Keon Johnson 2024-25 Qualifying Offer — Two-Way $1,981,953
10/31/2024 Dariq Whitehead 2025-26 Club Option $3,262,560
10/31/2024 Noah Clowney 2025-26 Club Option $3,398,640
6/29/2025 Day'Ron Sharpe 2025-26 Qualifying Offer $5,983,683
6/29/2025 Jaylen Martin 2025-26 Qualifying Offer — Two-Way $2,054,495
6/29/2025 Cameron Thomas 2025-26 Qualifying Offer $5,993,172
6/30/2025 Dorian Finney-Smith 2025-26 Player Option $15,378,480
10/31/2025 Noah Clowney 2026-27 Club Option $5,414,034
10/31/2025 Dariq Whitehead 2026-27 Club Option $5,366,912
6/29/2027 Noah Clowney 2027-28 Qualifying Offer $8,343,027
6/29/2027 Dariq Whitehead 2027-28 Qualifying Offer $8,307,980




Unsigned Draft Picks

Draft Year Player Age Position Country College
2014 Nemanja Dangubic 30 SG SRB
2015 Nikola Milutinov 29 C SRB
2015 Juan Vaulet 27 SF ARG
2015 Aaron White 31 PF USA Iowa
2016 David Michineau 29 PG GLP
2019 Vanja Marinkovic 27 SG SRB
2004 Christian Drejer 41 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 right to swap with HOU
BKN
2026
HOU
2027
BKN    HOU
HOU right to swap with BKN
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 ATL
IND
31-37
BKN
38-59 (via IND)
2026
BKN
2027
WAS
More favorable of BKN and DAL to WAS then other to DET
2028
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