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.

Hornets – 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 (11) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap Figure Cap % Cash Remaining
(Guaranteed)
Notes
Hayward Gordon Hayward SF $30,075,000 $30,075,000 - - - $30,075,000 20.21 $61,575,000
($61,575,000)
Acquired via S&T
Rozier Terry Rozier PG $21,486,316 $21,486,316 - - - $21,486,316 14.44 $96,258,694
($94,539,789)
Vet Extension / Bird
Oubre Jr. Kelly Oubre Jr. SF $12,600,000 $12,600,000 - - - $12,600,000 8.47 $12,600,000
($5,000,000)
Free Agent / Space
G'teed: $5,000,000
Plumlee Mason Plumlee PF $9,080,417 $8,525,000 - - - $9,080,417 6.10 $8,525,000
($8,525,000)
Acquired via Trade
Ball LaMelo Ball PG $8,623,920 $8,623,920 - - - $8,623,920 5.79 $19,524,555
($8,623,920)
Drafted / Rookie Scale
Washington PJ Washington PF $5,808,435 $5,808,435 - - - $5,808,435 3.90 $5,808,435
($5,808,435)
Drafted / Rookie Scale
Bouknight James Bouknight SG $4,362,240 $4,362,240 - - - $4,362,240 2.93 $14,996,817
($4,362,240)
Drafted / Rookie Scale
Jones Kai Jones PF $2,909,040 $2,909,040 - - - $2,909,040 1.95 $10,650,655
($2,909,040)
Drafted / Rookie Scale
McDaniels Jalen McDaniels PF $1,930,681 $1,930,681 - - - $1,930,681 1.30 $1,930,681
($0)
/ NT-MLE
G'teed: $0
Richards Nick Richards C $1,782,621 $1,782,621 - - - $1,782,621 1.20 $1,782,621
($0)
Drafted / Space
G'teed: $0
Thor JT Thor PF $1,563,518 $1,563,518 - - - $1,563,518 1.05 $5,388,212
($1,563,518)
Drafted / Space


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
BatumNicolas Batum SG $8,856,969 - - - $8,856,969 5.95 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 (7) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
BridgesMiles Bridges SF $7,921,301 $16,264,479 Restricted Bird
HarrellMontrezl Harrell PF - $12,637,170 Early Bird
WilliamsMark Williams C $3,672,120 $3,672,120 1st Round Pick
MartinCody Martin SF $2,228,276 $2,228,276 Restricted Bird
ThomasIsaiah Thomas PG - $1,796,667 Non-Bird
KulbokaArnoldas Kulboka SF $1,576,305 $1,576,305 Two-Way
LewisScottie Lewis SG $1,576,305 $1,576,305 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 ($155,196,200) 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 ($155,196,200), and did not use this exception in the previous season. It can be used for contracts up to 2 years in length.

Type Amount (Remaining) Reason/Notes Expire Date
Non-Taxpayer Mid-Level Exception $10,264,000
($10,264,000)
Bi-Annual Exception $4,017,000
($4,017,000)


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 $149,000,000
Total Taxable Salaries $109,079,157
Current Luxury Tax Space $39,920,843


2022-23 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 $100,222,188
Dead Money $8,856,969
Cap Holds $39,751,322
Total Cap Allocations $148,830,479
Salary Cap Maximum
2022 NBA Salary Cap Max $122,000,000
Current Cap Space $-26,830,479
Salary Cap Floor
2022 NBA Salary Cap Floor $109,800,000
Current Floor Space $-2,951,277
 

2022-23 Practical Cap Space

Available Practical Cap Space: $-23,548,786 — $18,959,958

$-23,548,786
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.

$18,959,958
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 Jalen McDaniels 2022-23 Club Option $1,782,621
6/30/2022 Kelly Oubre Jr. 2022-23 Guaranteed $12,600,000
6/30/2022 Miles Bridges 2022-23 Qualifying Offer $7,921,301
6/30/2022 Cody Martin 2022-23 Qualifying Offer $2,228,276
7/07/2022 Nick Richards 2022-23 Guaranteed $1,782,621
8/01/2022 Jalen McDaniels 2022-23 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 $3,047,880
10/31/2022 LaMelo Ball 2023-24 Club Option $10,900,635
6/30/2023 Nick Richards 2023-24 Qualifying Offer $2,228,276
6/30/2023 PJ Washington 2023-24 Qualifying Offer $7,992,407
10/31/2023 James Bouknight 2024-25 Club Option $6,064,497
10/31/2023 Kai Jones 2024-25 Club Option $4,693,735
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
1/10/2025 JT Thor 2024-25 Club Option $1,988,598
6/30/2025 Kai Jones 2025-26 Qualifying Offer $6,693,266
1/10/2026 Terry Rozier 2025-26 Guaranteed $26,643,031