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.

Bulls – The Athletic

Player Option
Club Option
Non-Guaranteed
Estimate
Player (5) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap Figure Cap % Cash Remaining
(Guaranteed)
Notes
DeRozan DeMar DeRozan SG $28,600,000 $28,600,000 - - - $28,600,000 20.74 $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 14.84 $41,860,465
($41,860,465)
Acquired via Trade
Williams Patrick Williams SF $9,835,881 $9,835,881 - - - $9,835,881 7.13 $9,835,881
($0)
Drafted / Rookie Scale
G'teed: $0
Caruso Alex Caruso SG $9,460,000 $9,460,000 - - - $9,460,000 6.86 $19,350,000
($12,460,000)
Free Agent / NT-MLE
Simonovic Marko Simonovic C $1,836,096 $1,836,096 - - - $1,836,096 1.33 $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 (6) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
VucevicNikola Vucevic C - $33,000,000 Bird
WhiteCoby White PG $9,942,114 $22,241,865 Restricted Bird
DosunmuAyo Dosunmu SG $1,954,398 $1,954,397 Restricted Early Bird
JohnsonAlize Johnson PF - $1,855,319 Early Bird
GreenJavonte Green SG - $1,805,205 Bird
BradleyTony Bradley C - - Early Bird
Incomplete Roster Charge 7 spots 7 spots       $6,871,242  


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.

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 Amount (Remaining) Reason/Notes Expire Date
Trade Exception $5,000,000
($5,000,000)
Daniel Theis trade with HOU 07/07/2022


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 $147,739,000
Total Taxable Salaries $82,093,606
Current Luxury Tax Space $65,645,394


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 $70,197,094
Cap Holds $67,728,028
Total Cap Allocations $137,925,122
Salary Cap Maximum
2023 NBA Salary Cap Max $121,575,000
Current Cap Space $-16,350,122
Salary Cap Floor
2023 NBA Salary Cap Floor $109,418,000
Current Floor Space $39,220,906
 

2023-24 Practical Cap Space

Available Practical Cap Space: $54,215,429 — $54,215,429

$54,215,429
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.

$54,215,429
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