Denver Nuggets

Denver Nuggets 2023-24 Salary Cap

Nuggets 2023-24 Salary Cap

An updated look at the Denver Nuggets 2023 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

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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
Jokic Nikola Jokic C $46,900,000 $46,900,000 - - - $46,900,000 23.41 35.00 $272,020,000
($271,642,000)
Vet Extension / Bird
Murray Jamal Murray PG $33,833,400 $33,833,400 - - - $33,833,400 16.89 25.25 $69,849,600
($69,849,600)
Rk Extension / Bird
Porter Jr. Michael Porter Jr. SF $33,386,850 $33,386,850 - - - $33,386,850 16.67 24.92 $148,386,000
($119,579,850)
Rk Extension / Bird
Gordon Aaron Gordon PF $21,666,182 $21,266,182 $400,000 $800,000 - $21,666,182 10.82 16.17 $66,949,092
($66,949,092)
Vet Extension / Bird
Caldwell-Pope Kentavious Caldwell-Pope SG $14,704,938 $14,704,938 - - - $14,704,938 7.34 10.97 $30,145,123
($30,145,123)
Vet Extension / Bird
Brown Jr. Bruce Brown Jr. SG $6,802,950 $6,802,950 - - - $6,802,950 3.40 5.08 $6,802,950
($6,802,950)
Free Agent / T-MLE
Nnaji Zeke Nnaji PF $4,306,281 $4,306,281 - - - $4,306,281 2.15 3.21 $4,306,281
($0)
Drafted / Rookie Scale
G'teed: $0
Braun Christian Braun SG $2,949,120 $2,949,120 - - - $2,949,120 1.47 2.20 $10,960,557
($2,949,120)
Drafted / Rookie Scale
Watson Peyton Watson SG $2,303,520 $2,303,520 - - - $2,303,520 1.15 1.72 $9,073,556
($2,303,520)
Drafted / Rookie Scale
Cancar Vlatko Cancar PF $2,234,359 $2,234,359 - - - $2,234,359 1.12 1.67 $4,580,965
($2,234,359)
Free Agent / Bird


2023-24 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Nuggets 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 (11) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
SmithIshmael Smith PG - $6,142,500 Early Bird
GreenJeff Green PF - $5,850,000 Early Bird
BryantThomas Bryant C - $1,989,698 Non-Bird
CousinsDeMarcus Cousins C - $1,989,698 Non-Bird
DanielsTroy Daniels SG - $1,989,698 Non-Bird
JacksonReggie Jackson PG - $1,989,698 Non-Bird
JeffersonRichard Jefferson SF - $1,989,698 Non-Bird
JordanDeAndre Jordan C - $1,989,698 Non-Bird
GillespieCollin Gillespie PG $1,774,999 $1,774,999 Two-Way
WhiteJack White SF $1,774,999 $1,774,999 Two-Way
HowardMarkus Howard PG - $1,774,999 Two-Way
Incomplete Roster Charge 2 spots 2 spots       $1,963,212  
Round 2, Pick #40       -  


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.

Taxpayer Mid-Level Exception Details is awarded annually to teams who are above the cap and above the Luxury Tax Apron ($169,000,000) and can be used for contracts up to 3 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.

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 Reason (Used On) Original Available
Taxpayer Mid-Level
$5,000,000 $5,000,000
Bi-Annual
$4,448,000 $4,448,000
Trade
7/06/2023
Monte Morris trade with WAS
$9,125,000 $9,125,000
Trade
7/06/2023
Will Barton trade with WAS
$370,297 $370,297
Trade
2/09/2024
Bones Hyland trade with LAC
$2,201,520 $2,201,520
Trade
2/09/2024
Davon Reed trade with LAL
$1,902,133 $1,902,133


2023-24 Luxury Tax Totals

Denotes the Nuggets 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 $169,087,600
Current Luxury Tax Space $-7,087,600
Est. Luxury Tax Bill $11,153,302


2023-24 Denver Nuggets Salary Cap Totals

The Nuggets 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 $169,087,600
Cap Holds $31,218,897
Total Cap Allocations $200,306,497
Salary Cap Maximum
2023 NBA Salary Cap Max $134,000,000
Current Cap Space $-66,306,497
"Super Tax" Apron
2023 NBA Super-Tax Apron $179,500,000
Super-Tax Apron Space $9,612,400
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-37,050,812 — $-31,229,468

$-37,050,812
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.

$-31,229,468
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
6/21/2023 Bruce Brown Jr. 2023-24 Player Option $6,802,950
6/29/2023 Jack White 2023-24 Qualifying Offer — Two-Way $1,774,999
6/29/2023 Collin Gillespie 2023-24 Qualifying Offer — Two-Way $1,774,999
10/31/2023 Peyton Watson 2024-25 Club Option $2,413,560
10/31/2023 Christian Braun 2024-25 Club Option $3,089,640
6/29/2024 Kentavious Caldwell-Pope 2024-25 Player Option $15,440,185
6/29/2024 Vlatko Cancar 2024-25 Club Option $2,346,606
6/30/2024 Zeke Nnaji 2024-25 Qualifying Offer $6,235,495
10/31/2024 Peyton Watson 2025-26 Club Option $4,356,476
10/31/2024 Christian Braun 2025-26 Club Option $4,921,797
6/29/2025 Aaron Gordon 2025-26 Player Option $22,841,455
6/29/2026 Peyton Watson 2026-27 Qualifying Offer $6,534,714
6/29/2027 Nikola Jokic 2027-28 Player Option $61,908,000




Unsigned Draft Picks

Draft Year Player Age Position Country College
2012 Izzet Turkyilmaz 33 C TUR
2022 Ismael Kamagate 22 C FRA
2003 Sani Bečirovič 42 SG SVN
2003 Xue Yuyang 40 PF CHN


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
DEN
2025
DEN
Top-5 Protected
ORL
6-30
2026
DEN
6-30 (if not already settled)
2027
DEN
Top-5 Protected (if not already settled with ORL or 1-5 if 1st conveyed to ORL by 2025)
ORL    OKC
6-30 (if not already settled) or to OKC if 6-30 (if DEN conveyed 1st to ORL by 2025)
2028
DEN
Top-5 Protected (if 1st conveyed to ORL by 2026)
OKC
6-30 (if 1st conveyed to ORL by 2026)
2029
DEN
Top-5 Protected (if not already settled with OKC)
OKC
6-30 (if not already settled)
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
ORL
2025
DEN
2026
DEN
2027
CLE
2028
DEN
31-33
SAS
34-60
2029
DEN    OKC
DEN pick if DEN conveys 1st to OKC by 2029; OKC pick if DEN does not convey 1st to OKC by 2029