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Charlotte Hornets

Charlotte Hornets 2021-22 Salary Cap

Hornets 2021-22 Salary Cap

An updated look at the Charlotte Hornets 2021 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

Hornets – The Athletic

Player Option
Club Option
Non-Guaranteed
Estimate

Pending Transactions!

The following players are currently pending based on a proposed trade or free agent signing. The Charlotte Hornets active roster will be updated once the trades/signings become official.

Player (2) From To Age Pos. Incoming Cap Outgoing Cap
PlumleeMason Plumlee 31 PF $8,137,500
SmithIshmael Smith Free Agent 33 PG $4,500,000

Active Roster

Player (12) Age Pos. Cap Figure Signed Using Base Salary Dead Cap Cap Figure Cap % Future Gteed Cash
HaywardGordon Hayward 31 SF $29,925,000 Sign-and-Trade $29,925,000 ($29,925,000) $29,925,000 20.47 $61,575,000
RozierTerry Rozier 27 PG $17,905,263 Sign-and-Trade $17,905,263 ($17,905,263) $17,905,263 12.25 -
BallLaMelo Ball 20 PG $8,231,760 Rookie $8,231,760 ($8,231,760) $8,231,760 5.63 -
BridgesMiles Bridges 23 SF $5,421,493 Rookie $5,421,493 ($5,421,493) $5,421,493 3.71 -
WashingtonPJ Washington 23 PF $4,215,120 Rookie $4,215,120 ($4,215,120) $4,215,120 2.88 -
BouknightJames Bouknight 21 SG $4,154,400 Rookie $4,154,400 ($4,154,400) $4,154,400 2.84 $4,362,240
JonesKai Jones 0 PF $2,770,560 Rookie $2,770,560 ($2,770,560) $2,770,560 1.90 $2,909,160
MartinCody Martin 26 SF $1,782,621 NT-MLE $1,782,621 - $1,782,621 1.22 -
MartinCaleb Martin 26 SF $1,782,621 NT-MLE $1,782,621 - $1,782,621 1.22 -
McDanielsJalen McDaniels 23 PF $1,782,621 NT-MLE $1,782,621 - $1,782,621 1.22 -
Carey Jr.Vernon Carey Jr. 20 C $1,517,981 Cap Space $1,517,981 ($1,517,981) $1,517,981 1.04 $1,782,621
RichardsNick Richards 23 C $1,517,981 Cap Space $1,517,981 ($1,517,981) $1,517,981 1.04 -


2021-22 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 Allocations.

Player (2) Age Pos.
KulbokaArnoldas Kulboka 23 SF          
LewisScottie Lewis 21 SG          


2021-22 Dead Cap

Cap breakdowns for players who have been traded or released. All count against the team's Total Cap Allocations.

Player (1) Age Pos. Signed Using Base Salary Signing Bonus Trade Kicker Dead Money Cap Figure Cap %
BatumNicolas Batum 32 SG $8,856,969 - - - $8,856,969 6.06


2021-22 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) Age Pos. Signed Using Base Salary Trade Kicker Likely Incent. Dead Cap Qualifying Offer Cap Figure Cap %
ZellerCody Zeller 28 C Bird   - $23,123,595  
MonkMalik Monk 23 SG Restricted Bird   - $16,037,064  
BiyomboBismack Biyombo 29 C Non-Bird   - $6,650,000  
GrahamDevonte' Graham 26 PG Restricted Bird   $4,736,102 $4,736,102  
WanamakerBrad Wanamaker 32 PG Non-Bird   - $2,812,500  
DarlingNate Darling 23 SG Non-Bird   - $1,489,065  
RillerGrant Riller 24 PG Non-Bird   - $1,489,065  


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 ($143,096,000) 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 ($143,096,000), 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 $9,536,000
($9,536,000)
Bi-Annual Exception $3,732,000
($3,732,000)


2021-22 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
2021 NBA Luxury Tax Threshold $136,606,000
Total Taxable Salaries $94,600,492
Current Luxury Tax Space $42,005,508


2021-22 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 $81,007,421
Dead Money $8,856,969
Cap Holds $56,337,391
Total Cap Allocations $146,201,781
Salary Cap Maximum
2021 NBA Salary Cap Max $112,414,000
Current Cap Space $-33,787,781
Salary Cap Floor
2021 NBA Salary Cap Floor $101,173,000
Current Floor Space $11,308,610
 

2021-22 Practical Cap Space

Available Practical Cap Space: $17,813,508 — $33,978,668

$17,813,508
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.

$33,978,668
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
2022-23
07/07/2022 Nick Richards Guaranteed $1,782,621
08/01/2022 Jalen McDaniels 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 $3,047,760
10/31/2022 LaMelo Ball 2023-24 Club Option $10,900,635
06/29/2023 Nick Richards 2023-24 Qualifying Offer $2,228,276
06/29/2023 Vernon Carey Jr. 2023-24 Club Option $1,930,681
06/29/2023 PJ Washington 2023-24 Qualifying Offer $7,992,407
2023-24
10/31/2023 James Bouknight 2024-25 Club Option $6,064,496
10/31/2023 Kai Jones 2024-25 Club Option $4,693,550
06/29/2024 James Bouknight 2025-26 Qualifying Offer $8,302,295
06/29/2024 LaMelo Ball 2024-25 Qualifying Offer $14,301,633
06/29/2024 Kai Jones 2025-26 Qualifying Offer $6,693,003