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.

2023 NBA Offseason Financial Previews: Cleveland Cavaliers
Breaking down the upcoming offseason for each 2023-24 NBA team, including cap space figures, free agents, draft pick scenarios, & thoughts on potential trades, exceptions, & plenty more. READ ON
Player Option
Club Option
Non-Guaranteed
Estimate
Player (10) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
LaVine Zach LaVine SG $40,064,220 $40,064,220 - - - $40,064,220 20.86 29.90 $178,063,200
($178,063,200)
Free Agent (Max) / Bird
DeRozan DeMar DeRozan SF $28,600,000 $28,600,000 - - - $28,600,000 14.89 21.34 $28,600,000
($28,600,000)
Acquired via S&T
Ball Lonzo Ball PG $20,465,117 $20,465,117 - $1,000,000 - $20,465,117 10.66 15.27 $41,860,465
($41,860,465)
Acquired via Trade
Williams Patrick Williams SF $9,835,881 $9,835,881 - - - $9,835,881 5.12 7.34 $9,835,881
($9,835,881)
Drafted / Rookie Scale
Caruso Alex Caruso SG $9,460,000 $9,460,000 - - - $9,460,000 4.93 7.06 $19,350,000
($12,460,000)
Free Agent / NT-MLE
Drummond Andre Drummond C $3,360,000 $3,360,000 - - - $3,360,000 1.75 2.51 $3,360,000
($3,360,000)
Free Agent / NT-MLE
Jones Jr. Derrick Jones Jr. SF $3,360,000 $3,360,000 - - - $3,360,000 1.75 2.51 $3,360,000
($3,360,000)
Free Agent / Early Bird
Terry Dalen Terry SG $3,350,760 $3,350,760 - - - $3,350,760 1.74 2.50 $12,260,358
($3,350,760)
Drafted / Rookie Scale
Jones Carlik Jones PG $1,927,896 $1,927,896 - - - $1,927,896 1.00 1.44 $4,020,240
($0)
RoS / NT-MLE
G'teed: $0
Simonovic Marko Simonovic C $1,836,096 $1,836,096 - - - $1,836,096 0.96 1.37 $1,836,096
($0)
Drafted / NT-MLE
G'teed: $0


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 (8) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
VucevicNikola Vucevic C - $33,000,000 Bird
WhiteCoby White PG $7,744,600 $22,241,865 Restricted Bird
DosunmuAyo Dosunmu PG $5,216,324 $5,216,324 Restricted Early Bird
ThomasMatt Thomas SG - $1,989,698 Non-Bird
GreenJavonte Green SG - $1,805,205 Bird
LewisJustin Lewis SF $1,774,999 $1,774,999 Two-Way
TaylorTerry Taylor SF $1,774,999 $1,774,999 Two-Way
BeverleyPatrick Beverley PG - -
Incomplete Roster Charge 2 spots 2 spots       $1,963,212  


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 ($169,000,000) 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 ($169,000,000), 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
$12,221,000 $12,221,000
Bi-Annual
$4,448,000 $4,448,000


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 $162,000,000
Total Taxable Salaries $122,259,970
Current Luxury Tax Space $39,740,030


2023-24 Chicago Bulls Salary Cap Totals

The Bulls 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 $122,259,970
Cap Holds $69,766,302
Total Cap Allocations $192,026,272
Salary Cap Maximum
2023 NBA Salary Cap Max $134,000,000
Current Cap Space $-58,026,272
"Super Tax" Apron
2023 NBA Super-Tax Apron $179,500,000
Super-Tax Apron Space $56,240,030
Salary Cap Floor
2023 NBA Salary Cap Floor $120,600,000
Current Floor Space $-1,659,970
 

2023-24 Practical Cap Space

Available Practical Cap Space: $11,577,598 — $16,334,386

$11,577,598
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.

$16,334,386
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
6/23/2023 Ayo Dosunmu 2023-24 Qualifying Offer $5,216,324
6/24/2023 Derrick Jones Jr. 2023-24 Player Option $3,360,000
6/29/2023 Andre Drummond 2023-24 Player Option $3,360,000
6/29/2023 Terry Taylor 2023-24 Qualifying Offer — Two-Way $1,774,999
6/29/2023 Justin Lewis 2023-24 Qualifying Offer — Two-Way $1,774,999
6/30/2023 Coby White 2023-24 Qualifying Offer $7,744,600
7/07/2023 Marko Simonovic 2023-24 Guaranteed $1,836,096
10/16/2023 Carlik Jones 2023-24 Guaranteed — Opening Night - TBD $250,000
10/31/2023 Dalen Terry 2024-25 Club Option $3,510,480
1/10/2024 Carlik Jones 2023-24 Guaranteed $1,927,896
6/29/2024 Lonzo Ball 2024-25 Player Option $21,395,348
6/30/2024 Alex Caruso 2024-25 Guaranteed $9,890,000
10/14/2024 Carlik Jones 2024-25 Guaranteed — Opening Night - TBD $250,000
10/31/2024 Dalen Terry 2025-26 Club Option $5,399,118
1/10/2025 Carlik Jones 2024-25 Guaranteed $2,092,344
6/29/2026 Zach LaVine 2026-27 Player Option $48,967,380
6/29/2026 Dalen Terry 2026-27 Qualifying Offer $7,661,348




Unsigned Draft Picks

Draft Year Player Age Position Country College
2011 Jon Diebler 34 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
CHI
POR
Top-14 Protected (from CHI)
CHI
15-30
2025
CHI
Top-10 Protected
SAS
11-30
POR
Top-14 Protected (if not already settled with CHI)
CHI
15-30 (if not already settled)
2026
CHI
Top-8 Protected and if 1st conveyed to ORL by 2024 or if 1st not conveyed to ORL by 2024 if not already settled with SAS
SAS
9-30 and if CHI conveys 1st to ORL by 2024 or if 1st not conveyed to ORL by 2024 if not already settled
POR
Top-14 Protected (if not already settled with CHI)
CHI
15-30 (if not already settled)
2027
CHI
Top-8 Protected (if not already settled with SAS)
SAS
9-30 (if not already settled)
POR
Top-14 Protected (if not already settled with CHI)
CHI
15-30 (if not already settled)
2028
CHI
Top-8 Protected (if not already settled with SAS)
SAS
9-30 (if not already settled)
POR
Top-14 Protected (if not already settled with CHI)
CHI
15-30 (if not already settled)
2029
CHI
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
SAS
More favorable of CHI and NOP to SAS then other to NOP (via CHI to NOP)
2025
SAS
2026
CHI    ORL
CHI pick if CHI conveys 1st to ORL by 2024; ORL pick if CHI does not convey 1st to ORL by 2024
2027
CHI    ORL
CHI pick if CHI conveys 1st to ORL by 2024; ORL pick if CHI does not convey 1st to ORL by 2024
2028
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
POR    CHI
POR pick if POR conveys 1st to CHI by 2028; CHI pick if POR does not convey 1st to POR by 2028
2029
CHI