Charlotte Hornets
Charlotte Hornets 2023-24 Salary Cap
Hornets 2023-24 Salary Cap
An updated look at the Charlotte Hornets 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gordon Hayward | SF | $31,500,000 | $31,500,000 | - | - | - | $31,500,000 | 22.37 | 23.16 |
$31,500,000
($31,500,000)
|
Acquired via S&T |
| Terry Rozier | PG | $23,205,221 | $23,205,221 | - | - | - | $23,205,221 | 16.48 | 17.06 |
$74,772,378
($73,053,473)
|
Vet Extension / Bird |
| PJ Washington | PF | $16,847,826 | $16,847,826 | - | $500,000 | - | $16,847,826 | 11.97 | 12.39 |
$46,500,000
($46,500,000)
|
Free Agent / Bird |
| LaMelo Ball | PG | $10,900,635 | $10,900,635 | - | - | - | $10,900,635 | 7.74 | 8.01 |
$216,800,635
($216,800,635)
|
Drafted / Rookie Scale |
| Brandon Miller | SF | $10,880,400 | $10,880,400 | - | - | - | $10,880,400 | 7.73 | 8.00 |
$49,378,426
($22,305,000)
|
Drafted / Rookie Scale |
| Miles Bridges | SF | $7,921,300 | $7,921,300 | - | - | - | $7,921,300 | 5.63 | 5.82 |
$7,921,300
($7,921,300)
|
Free Agent / Qualifying Offer |
| Cody Martin | SF | $7,560,000 | $7,560,000 | - | - | - | $7,560,000 | 5.37 | 5.56 |
$24,360,000
($15,680,000)
|
Free Agent / Bird |
| Nick Richards | C | $5,000,000 | $5,000,000 | - | - | - | $5,000,000 | 3.55 | 3.68 |
$15,000,000
($10,000,000)
|
Vet Extension / Early Bird |
| James Bouknight | SG | $4,570,080 | $4,570,080 | - | - | - | $4,570,080 | 3.25 | 3.36 |
$10,634,577
($4,570,080)
|
Drafted / Rookie Scale |
| Mark Williams | C | $3,908,160 | $3,908,160 | - | - | - | $3,908,160 | 2.78 | 2.87 |
$14,278,971
($3,908,160)
|
Drafted / Rookie Scale |
| Kai Jones | PF | $3,047,880 | $3,047,880 | - | - | - | $3,047,880 | 2.16 | 2.24 |
$7,741,615
($3,047,880)
|
Drafted / Rookie Scale |
| Nick Smith Jr. | PG | $2,463,960 | $2,463,960 | - | - | - | $2,463,960 | 1.75 | 1.81 |
$12,651,907
($5,051,160)
|
Drafted / Rookie Scale |
| Frank Ntilikina | PG | $2,019,706 | $2,528,233 | - | - | - | $2,019,706 | 1.43 | 1.48 |
$2,528,233
($200,000)
|
Free Agent
/ Minimum
G'teed: $200,000
|
| JT Thor | PF | $1,836,096 | $1,836,096 | - | - | - | $1,836,096 | 1.30 | 1.35 |
$3,824,694
($0)
|
Drafted
/ Space
G'teed: $0
|
| Bryce McGowens | SG | $1,719,864 | $1,719,864 | - | - | - | $1,719,864 | 1.22 | 1.26 |
$5,927,014
($1,719,864)
|
RoS / NT-MLE |
| Training Camp/Exhibit 10, Exhibit 9 | |||||||||||
| Edmond Sumner | SG | $2,019,706 | $2,346,614 | - | $2,019,706 | - | - | - | Exhibit-9 |
||
| R.J. Hunter | SG | $2,019,706 | $2,165,000 | - | $2,019,706 | - | - | - | Exhibit-9 |
||
| Nathan Mensah | F | $1,119,563 | $1,119,563 | - | $1,119,563 | - | - | - | 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 (3) | Pos. | |||||
|---|---|---|---|---|---|---|
| Amari Bailey | PG | |||||
| Leaky Black | SF | |||||
| Theo Maledon | PG |
2023-24 Cap Holds
Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Hornets 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 |
|---|---|---|---|---|---|---|---|
| Isaiah Thomas | PG | - | $2,019,706 | Non-Bird | |||
| Theo Maledon | PG | $1,801,769 | $1,801,769 | Two-Way | |||
| Arnoldas Kulboka | SF | - | $1,801,769 | Two-Way | |||
| Scottie Lewis | SG | - | $1,801,769 | Two-Way |
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 2/09/2024
|
Jalen McDaniels trade with PHI
|
$1,930,681 | $1,930,681 |
2023-24 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 | |
|---|---|---|
| 2023 NBA Luxury Tax Threshold | $165,294,000 | |
| Total Taxable Salaries | $133,381,128 | |
| Current Luxury Tax Space | $31,912,872 | |
2023-24 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 | $133,381,128 |
| Cap Holds | $7,425,013 |
| Total Cap Allocations | $140,806,141 |
| Salary Cap Maximum | |
| 2023 NBA Salary Cap Max | $136,021,000 |
| Current Cap Space | $-4,785,141 |
| "Super Tax" Apron | |
| 2023 NBA Super-Tax Apron | $182,794,000 |
| Super-Tax Apron Space | $48,912,872 |
| Salary Cap Floor | |
| 2023 NBA Salary Cap Floor | $122,418,900 |
| Current Floor Space | $-10,962,228 |
2023-24 Practical Cap Space
| Available Practical Cap Space: | $-1,129,339 — $6,295,674 |
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 |
|---|---|---|---|
| 10/31/2023 | James Bouknight | 2024-25 Club Option | $6,064,497 |
| 10/31/2023 | Kai Jones | 2024-25 Club Option | $4,693,735 |
| 10/31/2023 | Mark Williams | 2024-25 Club Option | $4,094,280 |
| 1/10/2024 | R.J. Hunter | 2023-24 Guaranteed | $2,165,000 |
| 1/10/2024 | Edmond Sumner | 2023-24 Guaranteed | $2,346,614 |
| 1/10/2024 | Nathan Mensah | 2023-24 Guaranteed | $1,119,563 |
| 1/10/2024 | Frank Ntilikina | 2023-24 Guaranteed | $2,528,233 |
| 1/10/2024 | JT Thor | 2023-24 Guaranteed | $1,836,096 |
| 6/29/2024 | Amari Bailey | 2024-25 Qualifying Offer | $1,981,953 |
| 6/29/2024 | LaMelo Ball | 2024-25 Qualifying Offer | $14,301,633 |
| 6/29/2024 | James Bouknight | 2025-26 Qualifying Offer | $8,302,297 |
| 6/29/2024 | Theo Maledon | 2024-25 Qualifying Offer — Two-Way | $1,981,953 |
| 6/29/2024 | Nathan Mensah | 2024-25 Qualifying Offer | $2,181,953 |
| 7/18/2024 | Bryce McGowens | 2024-25 Guaranteed | $2,019,699 |
| 10/31/2024 | Nick Smith Jr. | 2025-26 Club Option | $2,710,680 |
| 10/31/2024 | Brandon Miller | 2025-26 Club Option | $11,968,800 |
| 10/31/2024 | Mark Williams | 2025-26 Club Option | $6,276,531 |
| 1/10/2025 | JT Thor | 2024-25 Club Option | $1,988,598 |
| 6/29/2025 | Leaky Black | 2025-26 Qualifying Offer — Two-Way | $2,180,149 |
| 6/29/2025 | Kai Jones | 2025-26 Qualifying Offer | $6,693,266 |
| 6/29/2025 | Nick Richards | 2025-26 Guaranteed | $5,000,000 |
| 6/30/2025 | Cody Martin | 2025-26 Guaranteed | $8,680,000 |
| 6/30/2025 | Bryce McGowens | 2025-26 Club Option | |
| 7/18/2025 | Bryce McGowens | 2025-26 Guaranteed | $2,187,451 |
| 10/31/2025 | Brandon Miller | 2026-27 Club Option | $15,104,626 |
| 10/31/2025 | Nick Smith Jr. | 2026-27 Club Option | $4,890,067 |
| 1/10/2026 | Terry Rozier | 2025-26 Guaranteed | $26,643,031 |
| 6/29/2026 | Mark Williams | 2026-27 Qualifying Offer | $8,774,590 |
| 12/29/2026 | Nick Smith Jr. | 2027-28 Qualifying Offer | $7,740,977 |
| 6/29/2027 | Brandon Miller | 2027-28 Qualifying Offer | $21,222,000 |
Unsigned Draft Picks
| Draft Year | Player | Age | Position | Country | College |
|---|---|---|---|---|---|
| 2015 | Tyler Harvey | 30 | SG | USA | Eastern Washington |
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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CHA
Top-14 Protected (from SAS)
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SAS
15-30 (via NYK to ATL)
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| 2025 | ||||||||||||||||||||||||||||||
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CHA
Top-14 Protected (if not already settled with SAS)
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SAS
15-30 if not already settled (via NYK to ATL)
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| 2026 | ||||||||||||||||||||||||||||||
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CHA
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| 2027 | ||||||||||||||||||||||||||||||
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CHA
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| 2028 | ||||||||||||||||||||||||||||||
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CHA
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| 2029 | ||||||||||||||||||||||||||||||
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CHA
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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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CHA
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POR
More favorable of CHA and MIN then other to DEN (via MIN to OKC to DEN to POR; via OKC to DEN)
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| 2025 | ||||||||||||||||||||||||||||||
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CHA
55-59
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GSW
55-59
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| 2026 | ||||||||||||||||||||||||||||||
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CHA SAS
CHA pick if CHA conveys 1st to SAS by 2025; SAS pick if CHA does not convey 1st to SAS by 2025 (via NYK to ATL)
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| 2027 | ||||||||||||||||||||||||||||||
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CHA SAS
CHA pick if CHA conveys 1st to SAS by 2025; SAS pick if CHA does not convey 1st to SAS by 2025 (via NYK to ATL)
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CHA
More favorable of NOP and POR to CHA then other to POR (via POR)
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| 2028 | ||||||||||||||||||||||||||||||
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CHA
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CHA
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| 2029 | ||||||||||||||||||||||||||||||
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CHA
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