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 (18) | 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 | 22.85 | 27.86 |
$78,231,552
($78,231,552)
|
Acquired via Trade |
| Cameron Johnson | SF | $25,679,348 | $24,456,522 | $1,222,826 | $3,668,478 | - | $25,679,348 | 15.48 | 18.88 |
$91,125,000
($90,000,000)
|
Free Agent / Bird |
| Mikal Bridges | SF | $21,700,000 | $21,700,000 | - | - | - | $21,700,000 | 13.09 | 15.95 |
$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 | 12.28 | 14.97 |
$18,857,143
($18,857,143)
|
Acquired via S&T |
| Dorian Finney-Smith | PF | $13,930,820 | $13,394,160 | - | - | $536,660 | $13,930,820 | 8.40 | 10.24 |
$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 | 5.80 | 7.08 |
$8,750,000
($8,750,000)
|
Free Agent / Bird |
| Royce O'Neale | SF | $9,500,000 | $9,500,000 | - | - | - | $9,500,000 | 5.73 | 6.98 |
$9,500,000
($9,500,000)
|
Acquired via Trade |
| Noah Clowney | PF | $3,089,520 | $3,089,520 | - | - | - | $3,089,520 | 1.86 | 2.27 |
$15,146,274
($6,333,600)
|
Drafted / Rookie Scale |
| Dariq Whitehead | SG | $2,966,040 | $2,966,040 | - | - | - | $2,966,040 | 1.79 | 2.18 |
$14,709,752
($6,080,280)
|
Drafted / Rookie Scale |
| Cameron Thomas | SG | $2,240,160 | $2,240,160 | - | - | - | $2,240,160 | 1.35 | 1.65 |
$6,281,409
($2,240,160)
|
Drafted / Rookie Scale |
| Day'Ron Sharpe | C | $2,210,040 | $2,210,040 | - | - | - | $2,210,040 | 1.33 | 1.62 |
$6,199,162
($2,210,040)
|
Drafted / Rookie Scale |
| Dennis Smith Jr. | PG | $2,019,706 | $2,528,233 | - | - | - | $2,019,706 | 1.22 | 1.48 |
$2,528,233
($2,528,233)
|
Free Agent / Minimum |
| Lonnie Walker IV | SG | $2,019,706 | $2,346,614 | - | - | - | $2,019,706 | 1.22 | 1.48 |
$2,346,614
($2,346,614)
|
Free Agent / Minimum |
| Darius Bazley | PF | $2,019,706 | $2,165,000 | - | - | - | $2,019,706 | 1.22 | 1.48 |
$2,165,000
($0)
|
Free Agent
/ Minimum
G'teed: $0
|
| Trendon Watford | PF | $2,019,706 | $2,019,706 | - | - | - | $2,019,706 | 1.22 | 1.48 |
$2,019,706
($200,000)
|
Free Agent
/ Minimum
G'teed: $200,000
|
| Training Camp/Exhibit 10, Exhibit 9 | |||||||||||
| Harry Giles | C | $2,019,706 | $2,165,000 | - | $2,019,706 | - | - | - | Exhibit-9 |
||
| Jordan Hall | F | $1,801,769 | $1,801,769 | - | $1,801,769 | - | - | - | Exhibit-10 |
||
| Keifer Sykes | PG | $1,801,769 | $1,801,769 | - | $1,801,769 | - | - | - | Exhibit-10 |
||
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 (2) | Pos. | |||||
|---|---|---|---|---|---|---|
| Armoni Brooks | SG | |||||
| Jalen Wilson | 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 (4) | Pos. | Qualifying Offer | Likely Incent. | Unlikely Incent. | Trade Kicker | Cap Figure | Rights |
|---|---|---|---|---|---|---|---|
| Nikola Milutinov | C | - | $2,306,400 | 1st Round Pick | |||
| LaMarcus Aldridge | PF | - | $2,221,685 | Early Bird | |||
| Wilson Chandler | SF | - | $2,019,706 | Non-Bird | |||
| Mike 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 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 |
|
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 | $157,270,303 | |
| Current Luxury Tax Space | $8,023,697 | |
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 | $157,270,303 |
| Cap Holds | $8,567,497 |
| Total Cap Allocations | $165,837,800 |
| Salary Cap Maximum | |
| 2023 NBA Salary Cap Max | $136,021,000 |
| Current Cap Space | $-29,816,800 |
| "Super Tax" Apron | |
| 2023 NBA Super-Tax Apron | $182,794,000 |
| Super-Tax Apron Space | $20,346,291 |
2023-24 Practical Cap Space
| Available Practical Cap Space: | $-25,977,388 — $-17,409,891 |
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 |
|---|---|---|---|
| 10/15/2023 | Darius Bazley | 2023-24 Guaranteed — one day before Opening Night - TBD | $200,000 |
| 10/16/2023 | Trendon Watford | 2023-24 Guaranteed — Opening Night - TBD | $200,000 |
| 10/31/2023 | Day'Ron Sharpe | 2024-25 Club Option | $3,989,122 |
| 10/31/2023 | Cameron Thomas | 2024-25 Club Option | $4,041,249 |
| 12/15/2023 | Darius Bazley | 2023-24 Guaranteed | $700,000 |
| 12/19/2023 | Trendon Watford | 2023-24 Guaranteed | $700,000 |
| 1/10/2024 | Jordan Hall | 2023-24 Guaranteed | $1,801,769 |
| 1/10/2024 | Keifer Sykes | 2023-24 Guaranteed | $1,801,769 |
| 1/10/2024 | Harry Giles | 2023-24 Guaranteed | $2,165,000 |
| 1/10/2024 | Trendon Watford | 2023-24 Guaranteed | $2,019,706 |
| 1/10/2024 | Darius Bazley | 2023-24 Guaranteed | $2,165,000 |
| 6/29/2024 | Armoni Brooks | 2024-25 Qualifying Offer — Two-Way | $1,981,953 |
| 6/29/2024 | Jordan Hall | 2024-25 Qualifying Offer | $2,432,388 |
| 6/29/2024 | Keifer Sykes | 2024-25 Qualifying Offer | $2,432,388 |
| 6/29/2024 | Trendon Watford | 2024-25 Qualifying Offer | $2,726,604 |
| 6/29/2024 | Jalen Wilson | 2024-25 Qualifying Offer — Two-Way | $1,981,953 |
| 10/31/2024 | Noah Clowney | 2025-26 Club Option | $3,398,640 |
| 10/31/2024 | Dariq Whitehead | 2025-26 Club Option | $3,262,560 |
| 6/29/2025 | Day'Ron Sharpe | 2025-26 Qualifying Offer | $5,983,683 |
| 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 | 28 | C | SRB | |
| 2015 | Juan Vaulet | 27 | SF | ARG | |
| 2015 | Aaron White | 31 | PF | USA | Iowa |
| 2016 | David Michineau | 29 | 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 | ||||||||||||||||||||||||||||||
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HOU
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| 2025 | ||||||||||||||||||||||||||||||
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BKN
BKN right to swap with HOU
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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 with BKN
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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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | ||||||||||||||||||||||||||||||
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HOU
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| 2025 | ||||||||||||||||||||||||||||||
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NYK
via ATL
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IND
31-37
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BKN
38-59 (via IND)
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| 2026 | ||||||||||||||||||||||||||||||
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BKN
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| 2027 | ||||||||||||||||||||||||||||||
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WAS
More favorable of BKN and DAL to WAS then other to DET
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| 2028 | ||||||||||||||||||||||||||||||
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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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