Chicago Bulls
Chicago Bulls 2023-24 Salary Cap
Bulls 2023-24 Salary Cap
An updated look at the Chicago Bulls 2023 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.
| Player (14) | Pos. | Cap Figure | Base Salary |
Likely Incent. |
Unlikely Incent. |
Trade Bonus |
Cap Figure |
Cap % Team |
Cap % League |
Cash Remaining (Guaranteed) |
Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Zach LaVine | SG | $40,064,220 | $40,064,220 | - | - | - | $40,064,220 | 24.19 | 29.45 |
$178,063,200
($178,063,200)
|
Free Agent (Max) / Bird |
| DeMar DeRozan | SF | $28,600,000 | $28,600,000 | - | - | - | $28,600,000 | 17.27 | 21.03 |
$28,600,000
($28,600,000)
|
Acquired via S&T |
| Lonzo Ball | PG | $20,465,117 | $20,465,117 | - | $1,000,000 | - | $20,465,117 | 12.36 | 15.05 |
$41,860,465
($41,860,465)
|
Acquired via Trade
SEI-Knee
|
| Nikola Vucevic | C | $18,518,519 | $18,518,519 | - | - | - | $18,518,519 | 11.18 | 13.61 |
$60,000,000
($60,000,000)
|
Vet Extension / Bird |
| Coby White | PG | $11,111,111 | $11,111,111 | - | $1,333,333 | - | $11,111,111 | 6.71 | 8.17 |
$36,000,000
($36,000,000)
|
Free Agent / Bird |
| Patrick Williams | SF | $9,835,881 | $9,835,881 | - | - | - | $9,835,881 | 5.94 | 7.23 |
$9,835,881
($9,835,881)
|
Drafted / Rookie Scale |
| Alex Caruso | SG | $9,460,000 | $9,460,000 | - | - | - | $9,460,000 | 5.71 | 6.95 |
$19,350,000
($12,460,000)
|
Free Agent / NT-MLE |
| Ayo Dosunmu | PG | $6,481,482 | $6,481,482 | - | - | - | $6,481,482 | 3.91 | 4.77 |
$21,000,000
($21,000,000)
|
Free Agent / Early Bird |
| Jevon Carter | PG | $6,190,476 | $6,190,476 | - | - | - | $6,190,476 | 3.74 | 4.55 |
$19,500,000
($19,500,000)
|
Free Agent / NT-MLE |
| Andre Drummond | C | $3,360,000 | $3,360,000 | - | - | - | $3,360,000 | 2.03 | 2.47 |
$3,360,000
($3,360,000)
|
Free Agent / NT-MLE |
| Dalen Terry | SG | $3,350,760 | $3,350,760 | - | - | - | $3,350,760 | 2.02 | 2.46 |
$12,260,358
($6,861,240)
|
Drafted / Rookie Scale |
| Torrey Craig | SF | $2,528,233 | $2,528,233 | - | - | - | $2,528,233 | 1.53 | 1.86 |
$5,373,575
($5,373,575)
|
Free Agent / Minimum |
| Terry Taylor | SF | $2,019,706 | $2,019,706 | - | - | - | $2,019,706 | 1.22 | 1.48 |
$4,216,676
($350,000)
|
Free Agent
/ Minimum
G'teed: $350,000
|
| Julian Phillips | SF | $1,600,000 | $1,600,000 | - | - | - | $1,600,000 | 0.97 | 1.18 |
$8,119,739
($5,713,534)
|
Drafted / 2nd Round |
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. | |||||
|---|---|---|---|---|---|---|
| Onuralp Bitim | SG | |||||
| Justin Lewis | SF | |||||
| Adama Sanogo | PF |
2023-24 Cap Holds
Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Bulls 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 (1) | Pos. | Qualifying Offer | Likely Incent. | Unlikely Incent. | Trade Kicker | Cap Figure | Rights |
|---|---|---|---|---|---|---|---|
| Matt Thomas | SG | - | $2,019,706 | Non-Bird |
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.
| Type | Reason (Used On) | Original | Available |
|---|---|---|---|
|
Non-Taxpayer Mid-Level |
Jevon Carter ($6,190,476)
|
$12,405,000 | $6,214,524 |
|
Bi-Annual |
$4,516,000 | $4,516,000 | |
|
Disabled Player 3/10/2024
|
Lonzo Ball
|
$10,232,559 | $10,232,559 |
2023-24 Luxury Tax Totals
Denotes the Bulls 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 | $163,585,505 | |
| Current Luxury Tax Space | $1,708,495 | |
2023-24 Chicago Bulls 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 | $163,585,505 |
| Cap Holds | $2,019,706 |
| Total Cap Allocations | $165,605,211 |
| Salary Cap Maximum | |
| 2023 NBA Salary Cap Max | $136,021,000 |
| Current Cap Space | $-29,584,211 |
| Salary Hard-Cap | |
| 2023 NBA Hard-Cap ("Luxury Tax First Apron") | $172,346,000 |
| Total Hard-Cap Salaries | $165,918,838 |
| Hard-Cap Space | $6,427,162 |
| "Super Tax" Apron | |
| 2023 NBA Super-Tax Apron | $182,794,000 |
| Super-Tax Apron Space | $16,875,162 |
2023-24 Practical Cap Space
| Available Practical Cap Space: | $-27,914,505 — $-25,894,799 |
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.
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 |
|---|---|---|---|
| 12/15/2023 | Terry Taylor | 2023-24 Guaranteed | $700,000 |
| 1/10/2024 | Terry Taylor | 2023-24 Guaranteed | $2,019,706 |
| 6/29/2024 | Onuralp Bitim | 2024-25 Qualifying Offer — Two-Way | $1,981,953 |
| 6/29/2024 | Lonzo Ball | 2024-25 Player Option | $21,395,348 |
| 6/29/2024 | Torrey Craig | 2024-25 Player Option | $2,845,342 |
| 6/29/2024 | Julian Phillips | 2026-27 Club Option | $2,406,205 |
| 6/29/2024 | Adama Sanogo | 2024-25 Qualifying Offer | $1,981,953 |
| 6/29/2024 | Justin Lewis | 2024-25 Qualifying Offer — Two-Way | $1,981,953 |
| 6/30/2024 | Alex Caruso | 2024-25 Guaranteed | $9,890,000 |
| 7/07/2024 | Terry Taylor | 2024-25 Guaranteed | $2,196,970 |
| 10/31/2024 | Dalen Terry | 2025-26 Club Option | $5,399,118 |
| 6/29/2025 | Jevon Carter | 2025-26 Player Option | $6,809,524 |
| 6/29/2026 | Dalen Terry | 2026-27 Qualifying Offer | $7,661,348 |
| 6/29/2026 | Zach LaVine | 2026-27 Player Option | $48,967,380 |
Unsigned Draft Picks
| Draft Year | Player | Age | Position | Country | College |
|---|---|---|---|---|---|
| 2011 | Jon Diebler | 35 | SG | USA | Ohio State |
| 2004 | Albert Miralles | 41 | PF | ESP |
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 | ||||||||||||||||||||||||||||||
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CHI
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POR
Top-14 Protected (from CHI)
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CHI
15-30
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| 2025 | ||||||||||||||||||||||||||||||
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CHI
Top-10 Protected (from SAS)
|
SAS
11-30
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POR
Top-14 Protected (if not already settled with CHI)
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CHI
15-30 (if not already settled)
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| 2026 | ||||||||||||||||||||||||||||||
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CHI
Top-8 Protected (if not already settled with SAS)
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SAS
9-30 (if not already settled)
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POR
Top-14 Protected (if not already settled with CHI)
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CHI
15-30 (if not already settled)
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| 2027 | ||||||||||||||||||||||||||||||
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CHI
Top-8 Protected (if not already settled with SAS)
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SAS
9-30 (if not already settled)
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POR
Top-14 Protected (if not already settled with CHI)
|
CHI
15-30 (if not already settled)
|
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| 2028 | ||||||||||||||||||||||||||||||
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CHI
Top-8 Protected (if not already settled with SAS)
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SAS
9-30 (if not already settled)
|
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POR
Top-14 Protected (if not already settled with CHI)
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CHI
15-30 (if not already settled)
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| 2029 | ||||||||||||||||||||||||||||||
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CHI
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| 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 | ||||||||||||||||||||||||||||||
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SAS
More favorable of CHI and NOP then other to NOP (via CHI to NOP; via SAS to BOS)
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| 2025 | ||||||||||||||||||||||||||||||
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SAS
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| 2026 | ||||||||||||||||||||||||||||||
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WAS
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| 2027 | ||||||||||||||||||||||||||||||
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WAS
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| 2028 | ||||||||||||||||||||||||||||||
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CHI SAS
CHI pick if CHI conveys 1st to SAS by 2027 or 2028; SAS pick if CHI does not convey 1st to SAS by 2027 or 2028
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POR CHI
POR pick if POR conveys 1st to CHI by 2028; CHI pick if POR does not convey 1st to POR by 2028
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| 2029 | ||||||||||||||||||||||||||||||
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CHI
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