Brooklyn Nets

Brooklyn Nets 2022-23 Salary Cap

Nets 2022-23 Salary Cap

An updated look at the Brooklyn Nets 2022 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

Nets – The Athletic

2022 NBA Offseason Financial Previews
Keith Smith breaks down the upcoming offseason for each 2022-23 NBA team, including cap space figures, free agents, draft pick scenarios, & thoughts on potential trades, exceptions, & plenty more. READ ON
Player Option
Club Option
Non-Guaranteed
Estimate
Player (8) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap Figure Cap % Cash Remaining
(Guaranteed)
Notes
Durant Kevin Durant SF $44,119,845 $42,969,845 $1,150,000 - - $44,119,845 23.53 $192,515,907
($192,515,907)
Vet Extension / Bird
Irving Kyrie Irving PG $36,934,550 $36,503,300 $431,250 $718,750 - $36,934,550 19.69 $36,503,300
($36,503,300)
Free Agent / Space
Simmons Ben Simmons PG $35,448,672 $35,448,672 - - - $35,448,672 18.90 $113,680,224
($113,680,224)
Acquired via Trade
Harris Joe Harris SG $18,642,857 $18,642,857 - $500,000 - $18,642,857 9.94 $38,571,428
($38,571,428)
Free Agent / Bird
Curry Seth Curry SG $8,496,653 $8,496,653 - - - $8,496,653 4.53 $8,496,653
($8,496,653)
Acquired via Trade
Mills Patrick Mills PG $6,184,500 $6,184,500 - - - $6,184,500 3.30 $6,184,500
($6,184,500)
Free Agent / T-MLE
Thomas Cameron Thomas SG $2,138,160 $2,138,160 - - - $2,138,160 1.14 $8,419,569
($2,138,160)
Drafted / Rookie Scale
Sharpe Day'Ron Sharpe C $2,109,480 $2,109,480 - - - $2,109,480 1.12 $8,308,642
($2,109,480)
Drafted / Rookie Scale


2022-23 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 (1) Pos. Base Salary Likely
Incent.
Unlikely
Incent.
Trade Bonus Cap Figure Cap % Notes
CarterJevon Carter PG $3,925,000 - - - $3,925,000 2.09 Waived


2022-23 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 (10) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
Brown Jr.Bruce Brown Jr. SG - $8,998,594 Bird
ClaxtonNicolas Claxton PF $2,228,276 $2,228,276 Restricted Bird
MilutinovNikola Milutinov C - $2,201,400
ChandlerWilson Chandler SF - $1,811,516 Non-Bird
JamesMike James PG - $1,811,516 Non-Bird
DragicGoran Dragic PG - $1,796,667 Non-Bird
AldridgeLaMarcus Aldridge PF - $1,766,970 Early Bird
GriffinBlake Griffin PF - $1,766,970 Early Bird
DrummondAndre Drummond C - $1,766,967 Non-Bird
Duke Jr.David Duke Jr. SG $1,576,305 $1,576,305 Two-Way
Incomplete Roster Charge 4 spots 4 spots       $3,812,048  


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.

Taxpayer Mid-Level Exception Details is awarded annually to teams who are above the cap and above the Luxury Tax Apron ($155,196,200) and can be used for contracts up to 3 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 Amount (Remaining) Reason/Notes Expire Date
Taxpayer Mid-Level Exception $6,339,000
($6,339,000)
Trade Exception $11,454,048
($3,246,530)
Spencer Dinwiddie trade with WAS (Seth Curry, $8,207,518) 07/06/2022
Trade Exception $118,342
($118,342)
Landry Shamet trade with PHX 07/06/2022
Trade Exception $6,267,918
($6,267,918)
DeAndre Jordan trade with DET 08/19/2022
Trade Exception $3,613,680
($1,293,680)
Sekou Doumbouya trade with HOU (Edmond Sumner, $2,320,000) 10/06/2022
Trade Exception $11,306,904
($11,306,904)
James Harden trade with PHI 02/10/2023
Trade Exception $1,669,178
($1,669,178)
Paul Millsap trade with PHI 02/10/2023


2022-23 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
2022 NBA Luxury Tax Threshold $149,000,000
Total Taxable Salaries $157,999,717
Current Luxury Tax Space $-8,999,717
Est. Luxury Tax Bill $14,499,507


2022-23 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 $154,074,717
Dead Money $3,925,000
Cap Holds $29,537,229
Total Cap Allocations $187,536,946
Salary Cap Maximum
2022 NBA Salary Cap Max $122,000,000
Current Cap Space $-65,536,946
 

2022-23 Practical Cap Space

Available Practical Cap Space: $-64,402,281 — $-30,655,277

$-64,402,281
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.

$-30,655,277
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
6/29/2022 Kyrie Irving 2022-23 Player Option — exercised $36,503,300
6/29/2022 Kessler Edwards 2022-23 Club Option $1,563,518
6/29/2022 Patrick Mills 2022-23 Player Option $6,184,500
6/30/2022 Nicolas Claxton 2022-23 Qualifying Offer $2,228,276
6/30/2022 David Duke Jr. 2022-23 Qualifying Offer — Two-Way $1,576,305
10/31/2022 Cameron Thomas 2023-24 Club Option $2,240,160
10/31/2022 Day'Ron Sharpe 2023-24 Club Option $2,210,040
6/30/2023 Kessler Edwards 2023-24 Qualifying Offer $1,816,044
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
6/30/2025 Cameron Thomas 2025-26 Qualifying Offer $5,993,172
6/30/2025 Day'Ron Sharpe 2025-26 Qualifying Offer $5,983,683