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 Option
Club Option
Non-Guaranteed
Estimate
Player (14) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
Hayward 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
Rozier 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
Oubre Jr. 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
Ball 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
Martin 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
Washington 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
Bouknight 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
Williams 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
Jones 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
Mykhailiuk Sviatoslav Mykhailiuk SF $1,968,175 $1,968,175 - - - $1,968,175 1.35 1.59 $667,370
($1,968,175)
Acquired via Trade
Smith Jr. 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
Richards Nick Richards C $1,782,621 $1,782,621 - - - $1,782,621 1.22 1.44 $1,782,621
($1,782,621)
Drafted / Space
Thor JT Thor PF $1,563,518 $1,563,518 - - - $1,563,518 1.07 1.26 $5,388,212
($1,563,518)
Drafted / Space
McGowens 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.
MaledonTheo 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
JacksonReggie Jackson PG $10,876,844 - - - $10,876,844 7.46 Waived
BatumNicolas 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
BridgesMiles Bridges SF $7,921,301 $16,264,479 Restricted Bird
ThomasIsaiah Thomas PG - $1,796,667 Non-Bird
KulbokaArnoldas Kulboka SF - $1,637,966 Two-Way
LewisScottie 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

$-20,431,619
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.

$18,842,605
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
6/29/2023 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