Charlotte Hornets 2024-25 Financial Summary

A current summary of Charlotte Hornets 2024-25 player cap & cash figures.

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Total Cap Allocations

$146,578,568 / 30th

Cap Space

$-5,578,568 / 1st

Tax Space

$52,900,748

Cash Total

$118,414,252 / 23rd

2024-25 Active Roster

Player Option
Early Termination
Non-Guaranteed
Club Option
Estimate
Player (16) Pos Age Cap Hit Cap Hit Pct League Cap Luxury Tax Cash Total Free Agent Year
Ball
1
LaMelo Ball
PG 23 $35,250,000 25.00% $35,250,000 $35,250,000 2029
Bertans
2
Davis Bertans
PF 32 $16,000,000 11.35% $16,000,000 $16,000,000 2025
Williams
3
Grant Williams
PF 26 $13,025,250 9.24% $13,025,250 $13,025,250 2027
Miller
4
Brandon Miller
SF 22 $11,424,600 8.10% $11,424,600 $11,424,600 2027
Martin
5
Cody Martin
SF 29 $8,120,000 5.76% $8,120,000 $8,120,000 2026
Micic
6
Vasilije Micic
PG 31 $7,723,000 5.48% $7,723,000 $7,723,000 2026
Richards
7
Nick Richards
C 27 $5,000,000 3.55% $5,000,000 $5,000,000 2026
Mann
8
Tre Mann
PG 23 $4,908,373 3.48% $4,908,373 $4,908,373 2025
Williams
9
Mark Williams
C 23 $4,094,280 2.90% $4,094,280 $4,094,280 2026
Curry
10
Seth Curry
SG 34 $4,000,000 2.84% $4,000,000 $4,000,000 2025
Smith Jr.
11
Nick Smith Jr.
PG 20 $2,587,200 1.83% $2,587,200 $2,587,200 2027
Pokusevski
12
Aleksej Pokusevski
PF 23 $2,273,252 1.61% $2,273,252 $2,273,252 2025
McGowens
13
Bryce McGowens
SG 22 $2,019,699 1.43% $2,019,699 $2,019,699 2026
Thor
14
JT Thor
PF 22 $1,988,598 1.41% $1,988,598 $1,988,598 2025
Bolden
15
Marques Bolden
C 26 Two-Way - - - 2025
Black
16
Leaky Black
SF 25 Two-Way - - - 2025

2024-25 Cap Hold

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc.

Player (4) Pos Age Cap Hit Cap Hit Pct League Cap Free Agent Year
Bridges
1
Miles Bridges
SF 26 $15,050,470 10.67% - - Bird
Bailey
2
Amari Bailey
PG 20 $1,867,722 1.32% - - Two-Way
Kulboka
3
Arnoldas Kulboka
SF 27 $1,867,722 1.32% - - Two-Way
Lewis
4
Scottie Lewis
SG 24 $1,867,722 1.32% - - Two-Way
Round 1, Pick #6   $7,510,680        
Round 2, Pick #42   -        

2024 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.

Type Reason Used On Expires Original Available
Non-Taxpayer Mid-Level
End-of-Season $12,860,000 $12,860,000
Bi-Annual
End-of-Season $4,682,000 $4,682,000
Trade
Jalen McDaniels trade with PHI
2/9/2024 $1,930,681 $1,930,681
Trade
P.J. Washington trade with DAL
2/10/2025 $442,826 $442,826

2024 Cap Totals

Cap Maximum Summary
Cap Maximum $141,000,000
Active Roster $118,414,252 24th
Cap Hold $28,164,316 21st
Total Allocations $146,578,568 30th
Space $-5,578,568 1st
Practical Cap Space Summary
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.
$5,171,432 -
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.
$32,624,985 -
1st Apron Summary
1st Apron Maximum $178,655,000
Total Allocations $118,414,252 -
Space $60,240,748 -
2nd Apron Summary
2nd Apron Maximum $189,486,000
Total Allocations $118,414,252 -
Space $71,071,748 -

2024 Tax Totals

Tax Summary
Tax Threshold $171,315,000
Total Allocations $118,414,252 24th
Space $52,900,748 7th
Ext. Luxury Tax Bill $0 -

2024 Deadlines

Deadline Date Player Type Value
6/27/2024 Seth Curry
GUARANTEED
2024-25 Guaranteed — 1 day after NBA Draft
$4,000,000
6/29/2024 Amari Bailey
RFA / QO
2024-25 Qualifying Offer
$1,867,722
6/29/2024 JT Thor
CLUB
2024-25 Club Option
7/6/2024 Cody Martin
EXTENSION ELIGIBLE
2024-25 Extension Eligible
7/6/2024 JT Thor
EXTENSION ELIGIBLE
2024-25 Extension Eligible — if Club Option exercised
7/8/2024 Aleksej Pokusevski
GUARANTEED
2024-25 Guaranteed
$2,273,252
7/18/2024 Bryce McGowens
GUARANTEED
2024-25 Guaranteed
$2,019,699
10/31/2024 Brandon Miller
CLUB
2025-26 Club Option
$11,968,800
10/31/2024 Nick Smith Jr.
CLUB
2025-26 Club Option
$2,710,680
10/31/2024 Mark Williams
CLUB
2025-26 Club Option
$6,276,531
1/10/2025 Davis Bertans
GUARANTEED
2024-25 Guaranteed
$16,000,000
1/10/2025 JT Thor
GUARANTEED
2024-25 Guaranteed
$1,988,598
6/29/2025 Marques Bolden
RFA / QO
2025-26 Qualifying Offer — Two-Way
$2,054,495
6/29/2025 Leaky Black
RFA / QO
2025-26 Qualifying Offer — Two-Way
$2,180,149
6/29/2025 Vasilije Micic
CLUB
2025-26 Club Option
$8,109,150
6/29/2025 Nick Richards
GUARANTEED
2025-26 Guaranteed
$5,000,000
6/29/2025 Tre Mann
RFA / QO
2025-26 Qualifying Offer
$6,964,981
6/30/2025 Bryce McGowens
CLUB
2025-26 Club Option
6/30/2025 Cody Martin
GUARANTEED
2025-26 Guaranteed
$8,680,000
7/18/2025 Bryce McGowens
GUARANTEED
2025-26 Guaranteed
$2,187,451
10/31/2025 Nick Smith Jr.
CLUB
2026-27 Club Option
$4,890,067
10/31/2025 Brandon Miller
CLUB
2026-27 Club Option
$15,104,626
6/29/2026 Vasilije Micic
RFA / QO
2026-27 Qualifying Offer
$10,947,323
6/29/2026 Mark Williams
RFA / QO
2026-27 Qualifying Offer
$8,774,590
12/29/2026 Nick Smith Jr.
RFA / QO
2027-28 Qualifying Offer
$7,740,977
6/29/2027 Brandon Miller
RFA / QO
2027-28 Qualifying Offer
$21,222,000

2024 Unsigned Draft Picks

Draft Year Player Pos Age Country College
2015 Tyler Harvey SG 30 United States Eastern Washington

Future Draft Picks

2025

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
CHA
Top-14 Protected (if not already settled with SAS)
SAS
15-30 if not already settled (via NYK to ATL)

2026

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
CHA

2027

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
CHA
DAL
Top-2 Protected
CHA
3-30
MIA
Top-14 Protected (or if MIA does not convey 1st to OKC in 2025)
CHA
15-30 and if MIA conveys 1st to OKC in 2025

2028

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
CHA
MIA    CHA
MIA pick if MIA conveys 1st to CHA in 2027 or CHA pick if MIA does not convey 1st to OKC in 2025

2029

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
CHA

2030

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
CHA

2025

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
CHA
55-59 (via GSW)
IND
55-59 (via GSW)
CHA
vai OKC

2026

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
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

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
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

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
CHA

2029

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
CHA

2030

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
CHA

TRANSACTIONS

May 09, 2024
Charles Lee

Signed a 4 year contract with Charlotte (CHA)

Mar 28, 2024
LaMelo Ball

Will miss the remainder of the 2023-24 with Charlotte (CHA) due to season-ending ankle injury

Mar 16, 2024
Brandon Miller

Fined $2,000 for ejection from CHA-PHI game

Mar 05, 2024
Jeff Peterson

Signed a contract with Charlotte (CHA) as the President of Basketball Operations

Mar 02, 2024
Marques Bolden

Signed a 2 year Two-Way contract with Charlotte (CHA)

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