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 (11) | Pos. | Cap Figure | Base Salary |
Likely Incent. |
Unlikely Incent. |
Trade Bonus |
Cap Figure |
Cap % Team |
Cap % League |
Cash Remaining (Guaranteed) |
Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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
|
| 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 |
| 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 |
| 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
|
| 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. | |||||
|---|---|---|---|---|---|---|
| RaiQuan 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 |
|---|---|---|---|---|---|---|---|
| Cameron Johnson | SF | $8,468,620 | $17,663,697 | Restricted Bird | |||
| Seth Curry | SG | - | $16,143,641 | Bird | |||
| Nikola Milutinov | C | - | $2,306,400 | ||||
| David Duke Jr. | SG | $1,989,698 | $1,989,698 | Early Bird | |||
| LaMarcus Aldridge | PF | - | $1,989,698 | Early Bird | |||
| Wilson Chandler | SF | - | $1,989,698 | Non-Bird | |||
| Mike James | PG | - | $1,989,698 | Non-Bird | |||
| Yuta Watanabe | SF | - | $1,989,698 | Non-Bird | |||
| Dru 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 |
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.
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 | |
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| 2024 | ||||||||||||||||||||||||||||||
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HOU
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| 2025 | ||||||||||||||||||||||||||||||
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BKN
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BKN
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| 2026 | ||||||||||||||||||||||||||||||
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HOU
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| 2027 | ||||||||||||||||||||||||||||||
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BKN HOU
HOU right to swap
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HOU BKN
HOU right to swap with BKN
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PHI
Top-4 Protected (if not already settled with OKC) or Top-8 Protected (if PHI conveys 1st to OKC in 2025)
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OKC BKN
5-30 OKC or 9-30 BKN (if PHI conveys 1st to OKC in 2025)
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BKN
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| 2028 | ||||||||||||||||||||||||||||||
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BKN PHX
BKN right to swap with PHX
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PHI
Top-8 Protected (if not already settled with BKN and if PHI conveys 1st to OKC by 2026)
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BKN
9-30 (if not already settled and if PHI conveys 1st to OKC by 2026)
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PHX BKN
BKN right to swap with PHX
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| 2029 | ||||||||||||||||||||||||||||||
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BKN
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BKN
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BKN
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| 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 | |
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| 2024 | ||||||||||||||||||||||||||||||
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HOU
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| 2025 | ||||||||||||||||||||||||||||||
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NYK
via MIA
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IND
31-37
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BKN
38-60 (via IND)
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| 2026 | ||||||||||||||||||||||||||||||
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BKN
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| 2027 | ||||||||||||||||||||||||||||||
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DET
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BKN
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| 2028 | ||||||||||||||||||||||||||||||
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BKN
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BKN
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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
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| 2029 | ||||||||||||||||||||||||||||||
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BKN
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BKN
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BKN
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