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.
| Player (15) | Pos. | Cap Figure | Base Salary |
Likely Incent. |
Unlikely Incent. |
Trade Bonus |
Cap Figure |
Cap % Team |
Cap % League |
Cash Remaining (Guaranteed) |
Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nikola Jokic | C | $47,607,350 | $47,607,350 | - | - | - | $47,607,350 | 25.63 | 35.00 |
$276,122,630
($276,122,630)
|
Vet Extension / Bird |
| Jamal Murray | PG | $33,833,400 | $33,833,400 | - | - | - | $33,833,400 | 18.21 | 24.87 |
$69,849,600
($69,849,600)
|
Rk Extension / Bird |
| Michael Porter Jr. | SF | $33,386,850 | $33,386,850 | - | - | - | $33,386,850 | 17.97 | 24.55 |
$148,386,000
($148,386,000)
|
Rk Extension / Bird |
| Aaron Gordon | PF | $22,266,182 | $21,266,182 | $1,000,000 | $200,000 | - | $22,266,182 | 11.99 | 16.37 |
$66,949,092
($66,949,092)
|
Vet Extension / Bird |
| Kentavious Caldwell-Pope | SG | $14,704,938 | $14,704,938 | - | - | - | $14,704,938 | 7.92 | 10.81 |
$30,145,123
($30,145,123)
|
Vet Extension / Bird |
| Reggie Jackson | PG | $5,000,000 | $5,000,000 | - | - | - | $5,000,000 | 2.69 | 3.68 |
$10,250,000
($10,250,000)
|
Free Agent / T-MLE |
| Zeke Nnaji | PF | $4,306,281 | $4,306,281 | - | - | - | $4,306,281 | 2.32 | 3.17 |
$36,306,282
($32,000,001)
|
Drafted
/ Rookie Scale
G'teed: $0
|
| Christian Braun | SG | $2,949,120 | $2,949,120 | - | - | - | $2,949,120 | 1.59 | 2.17 |
$10,960,557
($6,038,760)
|
Drafted / Rookie Scale |
| Julian Strawther | SF | $2,431,080 | $2,431,080 | - | - | - | $2,431,080 | 1.31 | 1.79 |
$12,484,731
($4,983,600)
|
Drafted / Rookie Scale |
| Peyton Watson | SG | $2,303,520 | $2,303,520 | - | - | - | $2,303,520 | 1.24 | 1.69 |
$9,073,556
($4,717,080)
|
Drafted / Rookie Scale |
| Vlatko Cancar | PF | $2,234,359 | $2,234,359 | - | - | - | $2,234,359 | 1.20 | 1.64 |
$4,580,965
($2,234,359)
|
Free Agent
/ Bird
SEI-Knee
|
| Justin Holiday | SG | $2,019,706 | $3,196,448 | - | - | - | $2,019,706 | 1.09 | 1.48 |
$3,196,448
($3,196,448)
|
Free Agent / Minimum |
| DeAndre Jordan | C | $2,019,706 | $3,196,448 | - | - | - | $2,019,706 | 1.09 | 1.48 |
$3,196,448
($3,196,448)
|
Free Agent / Minimum |
| Jalen Pickett | PG | $1,708,143 | $1,708,143 | - | - | - | $1,708,143 | 0.92 | 1.26 |
$8,227,882
($3,600,000)
|
Drafted / 2nd Round |
| Hunter Tyson | SF | $1,119,563 | $1,119,563 | - | - | - | $1,119,563 | 0.60 | 0.82 |
$7,639,302
($5,233,097)
|
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. | |||||
|---|---|---|---|---|---|---|
| Collin Gillespie | PG | |||||
| Jay Huff | C | |||||
| Braxton Key | SF |
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 (4) | Pos. | Qualifying Offer | Likely Incent. | Unlikely Incent. | Trade Kicker | Cap Figure | Rights |
|---|---|---|---|---|---|---|---|
| DeMarcus Cousins | C | - | $2,019,706 | Non-Bird | |||
| Troy Daniels | SG | - | $2,019,706 | Non-Bird | |||
| Richard Jefferson | SF | - | $2,019,706 | Non-Bird | |||
| Markus Howard | PG | - | $1,801,769 | 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.
Taxpayer Mid-Level Exception Details is awarded annually to teams who are above the cap and above the Luxury Tax Apron ($172,346,000) and can be used for contracts up to 3 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 |
Reggie Jackson ($5,000,000)
|
$5,000,000 | $0 |
|
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 |
|
Disabled Player 3/11/2024
|
Vlatko Cancar
|
$1,117,180 | $1,117,180 |
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 | $165,294,000 | |
| Total Taxable Salaries | $177,890,198 | |
| Current Luxury Tax Space | $-12,596,198 | |
| Est. Luxury Tax Bill | $22,740,498 | |
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 | $177,890,198 |
| Cap Holds | $7,860,887 |
| Total Cap Allocations | $185,751,085 |
| Salary Cap Maximum | |
| 2023 NBA Salary Cap Max | $136,021,000 |
| Current Cap Space | $-49,730,085 |
| "Super Tax" Apron | |
| 2023 NBA Super-Tax Apron | $182,794,000 |
| Super-Tax Apron Space | $4,703,802 |
2023-24 Practical Cap Space
| Available Practical Cap Space: | $-49,730,085 — $-41,869,198 |
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 |
|---|---|---|---|
| 6/29/2024 | Zeke Nnaji | 2024-25 Qualifying Offer | $6,235,495 |
| 6/29/2024 | Braxton Key | 2024-25 Qualifying Offer — Two-Way | $1,981,953 |
| 6/29/2024 | Jay Huff | 2023-24 Qualifying Offer — Two-Way | $1,981,953 |
| 6/29/2024 | Vlatko Cancar | 2024-25 Club Option | $2,346,606 |
| 6/29/2024 | Kentavious Caldwell-Pope | 2024-25 Player Option | $15,440,185 |
| 6/29/2024 | Reggie Jackson | 2024-25 Player Option | $5,250,000 |
| 6/29/2024 | Collin Gillespie | 2024-25 Qualifying Offer — Two-Way | $1,981,953 |
| 10/31/2024 | Julian Strawther | 2025-26 Club Option | $2,674,200 |
| 10/31/2024 | Christian Braun | 2025-26 Club Option | $4,921,797 |
| 10/31/2024 | Peyton Watson | 2025-26 Club Option | $4,356,476 |
| 6/29/2025 | Aaron Gordon | 2025-26 Player Option | $22,841,455 |
| 10/31/2025 | Julian Strawther | 2026-27 Club Option | $4,826,931 |
| 6/29/2026 | Hunter Tyson | 2026-27 Club Option | $2,406,205 |
| 6/29/2026 | Jalen Pickett | 2026-27 Club Option | $2,406,205 |
| 6/29/2026 | Peyton Watson | 2026-27 Qualifying Offer | $6,534,714 |
| 6/29/2027 | Julian Strawther | 2027-28 Qualifying Offer | $7,723,090 |
| 6/29/2027 | Nikola Jokic | 2027-28 Player Option | $62,832,000 |
| 6/29/2027 | Zeke Nnaji | 2027-28 Player Option | $7,466,667 |
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 | 41 | 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 | ||||||||||||||||||||||||||||||
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DEN
|
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| 2025 | ||||||||||||||||||||||||||||||
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DEN
Top-5 Protected (from ORL)
|
ORL
6-30
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| 2026 | ||||||||||||||||||||||||||||||
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DEN
6-30 (if not already settled)
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| 2027 | ||||||||||||||||||||||||||||||
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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)
|
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| 2028 | ||||||||||||||||||||||||||||||
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DEN
Top-5 Protected (if 1st conveyed to ORL by 2026)
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OKC
6-30 (if 1st conveyed to ORL by 2026)
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| 2029 | ||||||||||||||||||||||||||||||
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DEN
Top-5 Protected (if not already settled with OKC)
|
OKC
6-30 (if not already settled or 6-30 if DEN conveys 1st to OKC by 2027)
|
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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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PHX
via ORL
|
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DEN
Less favorable of CHA and MIN then other to POR (via MIN to OKC to DEN to POR; via OKC to DEN)
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| 2025 | ||||||||||||||||||||||||||||||
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DEN
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| 2026 | ||||||||||||||||||||||||||||||
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DEN
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| 2027 | ||||||||||||||||||||||||||||||
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CLE
|
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| 2028 | ||||||||||||||||||||||||||||||
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DEN
31-33
|
SAS
34-60
|
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| 2029 | ||||||||||||||||||||||||||||||
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DEN OKC
DEN pick if DEN conveys 1st to OKC by 2029; OKC pick if DEN does not convey 1st to OKC by 2029
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