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 Option
Club Option
Non-Guaranteed
Estimate
Player (15) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
Bertans Davis Bertans PF $17,000,000 $17,000,000 - - - $17,000,000 11.93 12.50 $22,448,276
($22,250,000)
Acquired via Trade
Williams Grant Williams PF $12,405,000 $12,405,000 - - - $12,405,000 8.71 9.12 $45,641,845
($53,341,500)
Acquired via Trade
Ball LaMelo Ball PG $10,900,635 $10,900,635 - - - $10,900,635 7.65 8.01 $215,350,635
($215,350,635)
Drafted / Rookie Scale
Miller Brandon Miller SF $10,880,400 $10,880,400 - - - $10,880,400 7.64 8.00 $49,378,426
($22,305,000)
Drafted / Rookie Scale
Bridges Miles Bridges SF $7,921,300 $7,921,300 - - - $7,921,300 5.56 5.82 $7,921,300
($7,921,300)
Free Agent / Qualifying Offer
Micic Vasilije Micic PG $7,723,000 $7,723,000 - - - $7,723,000 5.42 5.68 $18,761,564
($15,446,000)
Acquired via Trade
Martin Cody Martin SF $7,560,000 $7,560,000 - - - $7,560,000 5.31 5.56 $24,360,000
($15,680,000)
Free Agent / Bird
Richards Nick Richards C $5,000,000 $5,000,000 - - - $5,000,000 3.51 3.68 $15,000,000
($10,000,000)
Vet Extension / Early Bird
Curry Seth Curry SG $4,000,000 $4,000,000 - - - $4,000,000 2.81 2.94 $5,517,241
($4,000,000)
Acquired via Trade
Williams Mark Williams C $3,908,160 $3,908,160 - - - $3,908,160 2.74 2.87 $14,278,971
($8,002,440)
Drafted / Rookie Scale
Mann Tre Mann PG $3,191,400 $3,191,400 - - - $3,191,400 2.24 2.35 $6,118,904
($8,099,773)
Acquired via Trade
Smith Jr. Nick Smith Jr. PG $2,463,960 $2,463,960 - - - $2,463,960 1.73 1.81 $12,651,907
($5,051,160)
Drafted / Rookie Scale
Thor JT Thor PF $1,836,096 $1,836,096 - - - $1,836,096 1.29 1.35 $3,824,694
($1,836,096)
Drafted / Space
McGowens Bryce McGowens SG $1,719,864 $1,719,864 - - - $1,719,864 1.21 1.26 $5,927,014
($1,719,864)
RoS / NT-MLE
Bolden Marques Bolden C $116,075 $116,075 - - - $116,075 0.08 0.09 $116,075
($116,075)
10-Day / Minimum


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.
BaileyAmari Bailey PG          
BlackLeaky Black SF          
MensahNathan Mensah F          


2023-24 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 (6) Pos. Base Salary Likely
Incent.
Unlikely
Incent.
Trade Bonus Cap Figure Cap % Notes
LowryKyle Lowry PG $28,543,576 - - - $28,543,576 20.03 Waived/Buyout
BouknightJames Bouknight SG $4,570,080 - - - $4,570,080 3.21 Waived
JonesKai Jones PF $3,047,880 - - - $3,047,880 2.14 Waived
SmithIshmael Smith PG $3,196,448 - - - $2,019,706 1.42 Waived
NtilikinaFrank Ntilikina PG $2,528,233 - - - $2,019,706 1.42 Waived
SumnerEdmond Sumner SG $40,459 - - - $40,459 0.03 Waived


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 (3) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
ThomasIsaiah Thomas PG - $2,019,706 Non-Bird
KulbokaArnoldas Kulboka SF - $1,801,769 Two-Way
LewisScottie 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


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 $136,147,179
Current Luxury Tax Space $29,146,821


2023-24 Charlotte Hornets Salary Cap Totals

This team is currently "hard-capped", which means their Total Taxable Salaries may not exceed $172,346,000 at any point during the season.

Cap Type Cap Total
Active Roster Cap $96,625,890
Dead Money $40,241,407
Cap Holds $5,623,244
Total Cap Allocations $142,490,541
Salary Cap Maximum
2023 NBA Salary Cap Max $136,021,000
Current Cap Space $-6,469,541
Salary Hard-Cap
2023 NBA First Apron ("Hard-Cap") $172,346,000
Total First Apron Salaries $136,147,179
First Apron Space $36,198,821
Second Apron
2023 NBA Second Apron $182,794,000
Second Apron Space $46,646,821
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-6,469,541 — $39,395,110

$-6,469,541
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.

$39,395,110
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
6/29/2024 LaMelo Ball 2024-25 Qualifying Offer $14,301,633
6/29/2024 Amari Bailey 2024-25 Qualifying Offer $1,867,722
6/29/2024 Theo Maledon 2024-25 Qualifying Offer — Two-Way $1,867,722
6/29/2024 Nathan Mensah 2024-25 Qualifying Offer — Two-Way $1,867,722
7/18/2024 Bryce McGowens 2024-25 Guaranteed $2,019,699
10/31/2024 Mark Williams 2025-26 Club Option $6,276,531
10/31/2024 Brandon Miller 2025-26 Club Option $11,968,800
10/31/2024 Nick Smith Jr. 2025-26 Club Option $2,710,680
1/10/2025 Davis Bertans 2024-25 Guaranteed $16,000,000
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 Vasilije Micic 2025-26 Club Option $8,109,150
6/29/2025 Nick Richards 2025-26 Guaranteed $5,000,000
6/29/2025 Tre Mann 2025-26 Qualifying Offer $6,964,981
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
10/31/2025 Nick Smith Jr. 2026-27 Club Option $4,890,067
10/31/2025 Brandon Miller 2026-27 Club Option $15,104,626
6/29/2026 Vasilije Micic 2026-27 Qualifying Offer $10,947,323
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
CHA
Top-14 Protected (from SAS)
SAS
15-30 (via NYK to ATL)
MIA
If 1-14 or if MIA does not convey 1st to OKC in 2025
CHA
If 15-30 and if MIA conveys 1st to OKC in 2025
2025
CHA
Top-14 Protected (if not already settled with SAS)
SAS
15-30 if not already settled (via NYK to ATL)
2026
CHA
2027
CHA
2028
CHA
2029
CHA
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
CHA
POR
More favorable of CHA and MIN then other to DEN (via MIN to OKC to DEN to POR; via OKC to DEN)
2025
CHA
55-59
GSW
55-59
2026
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)
2027
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)
CHA
More favorable of NOP and POR to CHA then other to POR (via POR)
2028
CHA
CHA
2029
CHA