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 Option
Club Option
Non-Guaranteed
Estimate
Player (15) 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 $47,607,350 $47,607,350 - - - $47,607,350 25.63 35.00 $276,122,630
($276,122,630)
Vet Extension / Bird
Murray 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
Porter Jr. 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
Gordon 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
Caldwell-Pope 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
Jackson 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
Nnaji 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
Braun 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
Strawther 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
Watson 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
Cancar 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
Holiday 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
Jordan 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
Pickett 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
Tyson 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.
GillespieCollin Gillespie PG          
HuffJay Huff C          
KeyBraxton 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
CousinsDeMarcus Cousins C - $2,019,706 Non-Bird
DanielsTroy Daniels SG - $2,019,706 Non-Bird
JeffersonRichard Jefferson SF - $2,019,706 Non-Bird
HowardMarkus 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

$-49,730,085
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.

$-41,869,198
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 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
DEN
2025
DEN
Top-5 Protected (from ORL)
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 or 6-30 if DEN conveys 1st to OKC by 2027)
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
PHX
via ORL - FORFEITED
DEN
Less favorable of CHA and MIN then other to POR (via MIN to OKC to DEN to POR; via OKC to DEN)
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