Charlotte Hornets
Charlotte Hornets 2022-23 Salary Cap
Hornets 2022-23 Salary Cap
An updated look at the Charlotte Hornets 2022 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.
| Player (14) | Pos. | Cap Figure | Base Salary |
Likely Incent. |
Unlikely Incent. |
Trade Bonus |
Cap Figure |
Cap % Team |
Cap % League |
Cash Remaining (Guaranteed) |
Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gordon Hayward | SF | $30,075,000 | $30,075,000 | - | - | - | $30,075,000 | 20.62 | 24.32 |
$61,575,000
($61,575,000)
|
Acquired via S&T |
| Terry Rozier | PG | $21,486,316 | $21,486,316 | - | - | - | $21,486,316 | 14.73 | 17.38 |
$96,258,694
($94,539,789)
|
Vet Extension / Bird |
| Kelly Oubre Jr. | SF | $12,600,000 | $12,600,000 | - | - | - | $12,600,000 | 8.64 | 10.19 |
$12,600,000
($12,600,000)
|
Free Agent / Space |
| LaMelo Ball | PG | $8,623,920 | $8,623,920 | - | - | - | $8,623,920 | 5.91 | 6.97 |
$19,524,555
($19,524,555)
|
Drafted
/ Rookie Scale
SEI-Ankle
|
| Cody Martin | SF | $7,000,000 | $7,000,000 | - | - | - | $7,000,000 | 4.80 | 5.66 |
$31,360,000
($22,680,000)
|
Free Agent / Bird |
| PJ Washington | PF | $5,808,435 | $5,808,435 | - | - | - | $5,808,435 | 3.98 | 4.70 |
$5,808,435
($5,808,435)
|
Drafted / Rookie Scale |
| James Bouknight | SG | $4,362,240 | $4,362,240 | - | - | - | $4,362,240 | 2.99 | 3.53 |
$14,996,817
($8,932,320)
|
Drafted / Rookie Scale |
| Mark Williams | C | $3,722,040 | $3,722,040 | - | - | - | $3,722,040 | 2.55 | 3.01 |
$18,001,011
($7,630,200)
|
Drafted / Rookie Scale |
| Kai Jones | PF | $2,909,040 | $2,909,040 | - | - | - | $2,909,040 | 1.99 | 2.35 |
$10,650,655
($5,956,920)
|
Drafted / Rookie Scale |
| Sviatoslav Mykhailiuk | SF | $1,968,175 | $1,968,175 | - | - | - | $1,968,175 | 1.35 | 1.59 |
$667,370
($1,968,175)
|
Acquired via Trade |
| Dennis Smith Jr. | PG | $1,836,090 | $2,133,278 | - | - | - | $1,836,090 | 1.26 | 1.48 |
$2,133,278
($2,133,278)
|
Free Agent / Minimum |
| Nick Richards | C | $1,782,621 | $1,782,621 | - | - | - | $1,782,621 | 1.22 | 1.44 |
$1,782,621
($1,782,621)
|
Drafted / Space |
| JT Thor | PF | $1,563,518 | $1,563,518 | - | - | - | $1,563,518 | 1.07 | 1.26 |
$5,388,212
($1,563,518)
|
Drafted / Space |
| Bryce McGowens | SG | $1,075,000 | $1,075,000 | - | - | - | $1,075,000 | 0.74 | 0.87 |
$7,002,014
($3,192,850)
|
RoS
/ NT-MLE
G'teed: $1,472,986
|
2022-23 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 (1) | Pos. | |||||
|---|---|---|---|---|---|---|
| Theo Maledon | PG |
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 (2) | Pos. | Base Salary | Likely Incent. |
Unlikely Incent. |
Trade Bonus | Cap Figure | Cap % | Notes |
|---|---|---|---|---|---|---|---|---|
| Reggie Jackson | PG | $10,876,844 | - | - | - | $10,876,844 | 7.46 | Waived |
| Nicolas Batum | SF | $8,856,969 | - | - | - | $8,856,969 | 6.07 | Waived |
2022-23 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 |
|---|---|---|---|---|---|---|---|
| Miles Bridges | SF | $7,921,301 | $16,264,479 | Restricted Bird | |||
| Isaiah Thomas | PG | - | $1,796,667 | Non-Bird | |||
| Arnoldas Kulboka | SF | - | $1,637,966 | Two-Way | |||
| Scottie Lewis | SG | - | $1,637,966 | 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 ($156,983,000) 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 ($156,983,000), and did not use this exception in the previous season. It can be used for contracts up to 2 years in length.
| Type | Reason (Used On) | Original | Available |
|---|---|---|---|
|
Non-Taxpayer Mid-Level |
Bryce McGowens
($1,075,000) |
$10,490,000 | $9,415,000 |
|
Bi-Annual |
$4,105,000 | $4,105,000 |
2022-23 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 | |
|---|---|---|
| 2022 NBA Luxury Tax Threshold | $150,267,000 | |
| Total Taxable Salaries | $124,546,208 | |
| Current Luxury Tax Space | $25,720,792 | |
2022-23 Charlotte Hornets Salary Cap Totals
This team is currently "hard-capped", which means their Total Taxable Salaries may not exceed $156,983,000 at any point during the season.
| Cap Type | Cap Total |
|---|---|
| Active Roster Cap | $104,812,395 |
| Dead Money | $19,733,813 |
| Cap Holds | $21,337,078 |
| Total Cap Allocations | $145,883,286 |
| Salary Cap Maximum | |
| 2022 NBA Salary Cap Max | $123,655,000 |
| Current Cap Space | $-22,228,286 |
| Salary Hard-Cap | |
| 2022 NBA Hard-Cap ("Luxury Tax Apron") | $156,983,000 |
| Total Hard-Cap Salaries | $124,546,208 |
| Hard-Cap Space | $32,436,792 |
2022-23 Practical Cap Space
| Available Practical Cap Space: | $-20,431,619 — $18,842,605 |
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 |
|---|---|---|---|
| 6/29/2023 | Theo Maledon | 2023-24 Qualifying Offer — Two-Way | $2,061,266 |
| 6/30/2023 | Nick Richards | 2023-24 Qualifying Offer | $2,228,276 |
| 6/30/2023 | PJ Washington | 2023-24 Qualifying Offer | $8,486,620 |
| 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 | JT Thor | 2023-24 Guaranteed | $1,836,096 |
| 6/30/2024 | James Bouknight | 2025-26 Qualifying Offer | $8,302,297 |
| 6/30/2024 | LaMelo Ball | 2024-25 Qualifying Offer | $14,301,633 |
| 7/18/2024 | Bryce McGowens | 2024-25 Guaranteed | $2,019,699 |
| 10/31/2024 | Mark Williams | 2025-26 Club Option | $6,276,531 |
| 1/10/2025 | JT Thor | 2024-25 Club Option | $1,988,598 |
| 6/30/2025 | Kai Jones | 2025-26 Qualifying Offer | $6,693,266 |
| 6/30/2025 | Bryce McGowens | 2025-26 Club Option | |
| 6/30/2025 | Cody Martin | 2025-26 Guaranteed | $8,680,000 |
| 7/18/2025 | Bryce McGowens | 2025-26 Guaranteed | $2,187,451 |
| 1/10/2026 | Terry Rozier | 2025-26 Guaranteed | $26,643,031 |
| 6/29/2026 | Mark Williams | 2026-27 Qualifying Offer | $8,774,590 |