Charlotte Hornets

Charlotte Hornets 2021-22 Salary Cap

Hornets 2021-22 Salary Cap

An updated look at the Charlotte Hornets 2021 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

Hornets – The Athletic

The 2021 NBA Offseason Financial Report
As the regular season nears, we take a look back at the offseason that was, diving into top spenders, tax statuses, notable free agent signings, trades, and extensions for each 2021-22 NBA team. READ ON
Player Option
Club Option
Non-Guaranteed
Estimate
Player (15) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap Figure Cap % Cash Remaining
(Guaranteed)
Notes
Hayward Gordon Hayward SF $29,925,000 $29,925,000 - - - $29,925,000 25.60 $91,500,000
($91,500,000)
Acquired via S&T
Rozier Terry Rozier PG $17,905,263 $17,905,263 - - - $17,905,263 15.32 $114,163,957
($112,445,052)
Free Agent / Sign & Trade
Oubre Jr. Kelly Oubre Jr. SF $12,000,000 $12,000,000 - - - $12,000,000 10.26 $24,600,000
($17,000,000)
Free Agent / Space
Plumlee Mason Plumlee PF $9,248,333 $8,137,500 - - - $9,248,333 7.91 $16,662,500
($12,400,000)
Acquired via Trade
Ball LaMelo Ball PG $8,231,760 $8,231,760 - - - $8,231,760 7.04 $27,756,315
($8,231,760)
Drafted / Rookie Scale
Bridges Miles Bridges SF $5,421,493 $5,421,493 - - - $5,421,493 4.64 $5,421,493
($5,421,493)
Drafted / Rookie Scale
Smith Ishmael Smith PG $4,500,000 $4,500,000 - - - $4,500,000 3.85 $9,225,000
($4,500,000)
Free Agent / Room
Washington PJ Washington PF $4,215,120 $4,215,120 - - - $4,215,120 3.61 $10,023,555
($4,215,120)
Drafted / Rookie Scale
Bouknight James Bouknight SG $4,154,400 $4,154,400 - - - $4,154,400 3.55 $19,151,216
($8,516,640)
Drafted / Rookie Scale
Jones Kai Jones PF $2,770,560 $2,770,560 - - - $2,770,560 2.37 $13,421,030
($5,679,720)
Drafted / Rookie Scale
Martin Cody Martin SF $1,782,621 $1,782,621 - - - $1,782,621 1.52 $1,782,621
($1,782,621)
Drafted / NT-MLE
McDaniels Jalen McDaniels PF $1,782,621 $1,782,621 - - - $1,782,621 1.52 $3,713,302
($1,782,621)
/ NT-MLE
Carey Jr. Vernon Carey Jr. C $1,517,981 $1,517,981 - - - $1,517,981 1.30 $5,231,283
($3,300,602)
Drafted / Space
Richards Nick Richards C $1,517,981 $1,517,981 - - - $1,517,981 1.30 $3,300,602
($1,517,981)
Drafted / Space
Thor JT Thor PF $1,250,000 $1,250,000 - - - $1,250,000 1.07 $6,638,212
($2,813,518)
Drafted / Space


2021-22 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 Allocations.

Player (2) Pos.
KulbokaArnoldas Kulboka SF          
LewisScottie Lewis SG          


2021-22 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 (2) Pos. Base Salary Likely
Incent.
Unlikely
Incent.
Trade Bonus Cap Figure Cap % Notes
BatumNicolas Batum SG $8,856,969 - - - $8,856,969 7.58 Waived
IwunduWesley Iwundu SF $1,824,003 - - - $1,824,003 1.56 Waived


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.

Room Mid-Level Exception Details is awarded annually to teams who are below the cap (eliminating the NTMLE/TMLE/BAE) and can be used for contracts up to 2 years in length.

Type Amount (Remaining) Reason/Notes Expire Date
Room Exception $4,910,000
($410,000)
Ish Smith ($4,500,000)


2021-22 Luxury Tax Totals

Denotes the Hornets current standing in terms of the luxury tax threshold. Teams that spend over the threshold pay fines (estimated below).

Type Totals
2021 NBA Luxury Tax Threshold $136,606,000
Total Taxable Salaries $116,904,105
Current Luxury Tax Space $19,701,895


2021-22 Charlotte Hornets Salary Cap Totals

The Hornets 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 $106,223,133
Dead Money $10,680,972
Total Cap Allocations $116,904,105
Salary Cap Maximum
2021 NBA Salary Cap Max $112,414,000
Current Cap Space $-4,490,105
 

2021-22 Practical Cap Space

Available Practical Cap Space: $-4,490,105 — $6,190,867

$-4,490,105
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.

$6,190,867
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
2022-23
07/01/2022 Ishmael Smith Guaranteed $4,725,000
07/07/2022 Nick Richards Guaranteed $1,782,621
08/01/2022 Jalen McDaniels Guaranteed $1,930,681
10/31/2022 James Bouknight 2023-24 Club Option $4,570,080
10/31/2022 Kai Jones 2023-24 Club Option $3,047,760
10/31/2022 LaMelo Ball 2023-24 Club Option $10,900,635
06/29/2023 Vernon Carey Jr. 2023-24 Club Option $1,930,681
06/30/2023 Nick Richards 2023-24 Qualifying Offer $2,228,276
06/30/2023 PJ Washington 2023-24 Qualifying Offer $7,992,407
2023-24
10/31/2023 James Bouknight 2024-25 Club Option $6,064,496
10/31/2023 Kai Jones 2024-25 Club Option $4,693,550
01/10/2024 JT Thor Guaranteed $1,836,096
06/30/2024 James Bouknight 2025-26 Qualifying Offer $8,302,295
06/30/2024 LaMelo Ball 2024-25 Qualifying Offer $14,301,633
2024-25
01/10/2025 JT Thor Club Option $1,988,598
06/30/2025 Kai Jones 2025-26 Qualifying Offer $6,693,003
2025-26
01/10/2026 Terry Rozier Guaranteed $26,643,031