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 (10) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap Figure Cap % Cash Remaining
(Guaranteed)
Notes
Durant Kevin Durant SF $47,649,433 $46,407,433 $1,242,000 - - $47,649,433 22.73 $149,546,062
($149,546,062)
Vet Extension / Bird
Simmons Ben Simmons PG $37,893,408 $37,893,408 - - - $37,893,408 18.07 $78,231,552
($78,231,552)
Acquired via Trade
Harris Joe Harris SG $19,928,571 $19,928,571 - $500,000 - $19,928,571 9.51 $19,928,571
($19,928,571)
Free Agent / Bird
O'Neale Royce O'Neale SF $9,500,000 $9,500,000 - - - $9,500,000 4.53 $9,500,000
($2,500,000)
Acquired via Trade
G'teed: $2,500,000
Claxton Nicolas Claxton PF $8,750,000 $8,750,000 - $1,562,500 - $8,750,000 4.17 $8,750,000
($8,750,000)
Free Agent / Bird
Mills Patty Mills PG $6,802,950 $6,802,950 - $618,450 - $6,802,950 3.24 $6,802,950
($6,802,950)
Free Agent / Non-Bird
Thomas Cameron Thomas SG $2,240,160 $2,240,160 - - - $2,240,160 1.07 $6,281,409
($2,240,160)
Drafted / Rookie Scale
Sumner Edmond Sumner PG $2,239,943 $2,239,943 - - - $2,239,943 1.07 $2,239,943
($0)
Free Agent / Minimum
G'teed: $0
Sharpe Day'Ron Sharpe C $2,210,040 $2,210,040 - - - $2,210,040 1.05 $6,199,162
($2,210,040)
Drafted / Rookie Scale
Edwards Kessler Edwards SF $1,927,896 $1,927,896 - - - $1,927,896 0.92 $1,927,896
($0)
Free Agent / Minimum
G'teed: $0


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 (7) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
IrvingKyrie Irving PG - $42,551,250 Bird
CurrySeth Curry SG - $16,143,641 Bird
MilutinovNikola Milutinov C - $2,306,400
WarrenT.J. Warren SF - $1,974,849 Non-Bird
ChandlerWilson Chandler SF - $1,902,091 Non-Bird
JamesMike James PG - $1,902,091 Non-Bird
WilliamsAlondes Williams G $1,769,013 $1,769,013 Two-Way
Incomplete Roster Charge 2 spots 2 spots       $1,963,212  


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.

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
Trade
8/19/2022
DeAndre Jordan trade with DET
$6,267,918 $6,267,918
Trade
10/06/2022
Sekou Doumbouya trade with HOU
(Edmond Sumner, $2,320,000)
$3,613,680 $1,293,680
Trade
2/10/2023
James Harden trade with PHI
(Royce O'Neal, $8,800,000)
$11,306,904 $2,506,904
Trade
2/10/2023
Paul Millsap trade with PHI
$1,669,178 $1,669,178


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 $158,130,000
Total Taxable Salaries $139,142,401
Current Luxury Tax Space $18,987,599


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 $139,142,401
Cap Holds $70,512,547
Total Cap Allocations $209,654,948
Salary Cap Maximum
2023 NBA Salary Cap Max $129,780,000
Current Cap Space $-79,874,948
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-615,604 — $-615,604

$-615,604
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.

$-615,604
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
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
6/29/2023 Alondes Williams 2023-24 Qualifying Offer — Two-Way $1,769,013
6/29/2023 Kessler Edwards 2023-24 Club Option $1,927,896
7/06/2023 Edmond Sumner 2023-24 Guaranteed — final day of 2023 moratorium $2,239,943
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
1/10/2024 Royce O'Neale 2023-24 Guaranteed $9,500,000
6/29/2024 Kessler Edwards 2024-25 Qualifying Offer $2,409,870
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