Chicago Bulls

Chicago Bulls 2024-25 Salary Cap

Bulls 2024-25 Salary Cap

An updated look at the Chicago Bulls 2024 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

Player Option
Club Option
Non-Guaranteed
Estimate
Player (12) 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 $43,031,940 $43,031,940 - - - $43,031,940 20.04 30.52 $137,998,980
($137,998,980)
Free Agent (Max) / Bird
SEI-Foot
Ball Lonzo Ball PG $21,395,348 $21,395,348 - $1,000,000 - $21,395,348 9.96 15.17 $21,395,348
($21,395,348)
Acquired via Trade
Vucevic Nikola Vucevic C $20,000,000 $20,000,000 - - - $20,000,000 9.31 14.18 $41,481,481
($41,481,481)
Vet Extension / Bird
White Coby White PG $12,000,000 $12,000,000 - $1,333,333 - $12,000,000 5.59 8.51 $24,888,889
($24,888,889)
Free Agent / Bird
Caruso Alex Caruso SG $9,890,000 $9,890,000 - - - $9,890,000 4.61 7.01 $9,890,000
($3,000,000)
Free Agent / NT-MLE
G'teed: $3,000,000
Dosunmu Ayo Dosunmu PG $7,000,000 $7,000,000 - - - $7,000,000 3.26 4.96 $14,518,518
($14,518,518)
Free Agent / Early Bird
Carter Jevon Carter PG $6,500,000 $6,500,000 - - - $6,500,000 3.03 4.61 $13,309,524
($13,309,524)
Free Agent / NT-MLE
Terry Dalen Terry SG $3,510,480 $3,510,480 - - - $3,510,480 1.63 2.49 $8,909,598
($3,510,480)
Drafted / Rookie Scale
Craig Torrey Craig SF $2,845,342 $2,845,342 - - - $2,845,342 1.32 2.02 $2,845,342
($2,845,342)
Free Agent / Minimum
Taylor Terry Taylor SF $2,196,970 $2,196,970 - - - $2,196,970 1.02 1.56 $2,196,970
($0)
Free Agent / Minimum
G'teed: $0
Bitim Onuralp Bitim SG $1,891,857 $1,891,857 - - - $1,891,857 0.88 1.34 $4,113,534
($0)
RoS / NT-MLE
G'teed: $0
Phillips Julian Phillips SF $1,891,857 $1,891,857 - - - $1,891,857 0.88 1.34 $6,519,739
($4,113,534)
Drafted / 2nd Round


2024-25 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 (1) Pos.
FunkAndrew Funk SG          


2024-25 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
DeRozanDeMar DeRozan SF - $42,900,000 Bird
WilliamsPatrick Williams SF $12,973,527 $29,507,643 Restricted Bird
DrummondAndre Drummond C - $4,368,000 Early Bird
ThomasMatt Thomas SG - $2,093,637 Non-Bird
DrellHenri Drell SF $1,867,722 $1,867,722 Two-Way
SanogoAdama Sanogo PF $1,867,722 $1,867,722 Two-Way


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) Original Available
Disabled Player
3/10/2024
Lonzo Ball
$10,232,559 $10,232,559


2024-25 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
2024 NBA Luxury Tax Threshold $171,315,000
Total Taxable Salaries $132,153,794
Current Luxury Tax Space $39,161,206


2024-25 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 $132,153,794
Cap Holds $82,604,724
Total Cap Allocations $214,758,518
Salary Cap Maximum
2024 NBA Salary Cap Max $141,000,000
Current Cap Space $-73,758,518
Second Apron
2024 NBA Second Apron $189,486,000
Second Apron Space $54,998,873
Salary Cap Floor
2024 NBA Salary Cap Floor $127,000,000
Current Floor Space $-5,153,794
 

2024-25 Practical Cap Space

Available Practical Cap Space: $16,343,401 — $38,263,003

$16,343,401
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.

$38,263,003
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
6/29/2024 Henri Drell 2024-25 Qualifying Offer — Two-Way $1,867,722
6/29/2024 Adama Sanogo 2024-25 Qualifying Offer $1,867,722
6/29/2024 Lonzo Ball 2024-25 Player Option $21,395,348
6/29/2024 Julian Phillips 2026-27 Club Option $2,406,205
6/29/2024 Torrey Craig 2024-25 Player Option $2,845,342
6/30/2024 Alex Caruso 2024-25 Guaranteed $9,890,000
7/07/2024 Terry Taylor 2024-25 Guaranteed $2,196,970
10/22/2024 Onuralp Bitim 2024-25 Guaranteed — Opening Night - TBD $350,000
10/31/2024 Dalen Terry 2025-26 Club Option $5,399,118
1/10/2025 Onuralp Bitim 2024-25 Guaranteed $1,891,857
6/29/2025 Jevon Carter 2025-26 Player Option $6,809,524
6/29/2025 Andrew Funk 2025-26 Qualifying Offer — Two-Way $2,054,495
6/29/2025 Onuralp Bitim 2025-26 Guaranteed $554,419
10/21/2025 Onuralp Bitim 2025-26 Guaranteed — Opening Night - TBD $1,110,838
1/10/2026 Onuralp Bitim 2025-26 Guaranteed $2,221,677
6/29/2026 Dalen Terry 2026-27 Qualifying Offer $7,661,348
6/29/2026 Zach LaVine 2026-27 Player Option $48,967,380
6/29/2026 Onuralp Bitim 2026-27 Qualifying Offer $2,999,264




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
CHI
POR
Top-14 Protected (from CHI)
CHI
15-30
2025
CHI
Top-10 Protected (from SAS)
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 (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)
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
BOS
More favorable of CHI and NOP then other to NOP (via CHI to NOP; via SAS to BOS)
2025
SAS
2026
WAS
2027
WAS
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