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.

NBA Northwest Division Offseason Review Capsules
A team-by-team breakdown of the NBA's Northwest Division offseason moves and analysis moving forward. READ ON
Player Option
Club Option
Non-Guaranteed
Estimate
Player (16) 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 24.13 35.00 $272,020,000
($271,642,000)
Vet Extension / Bird
Murray Jamal Murray PG $33,833,400 $33,833,400 - - - $33,833,400 17.40 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 17.18 24.92 $148,386,000
($119,579,850)
Rk Extension / Bird
Gordon Aaron Gordon PF $21,266,182 $21,266,182 - $1,200,000 - $21,266,182 10.94 15.87 $66,949,092
($66,949,092)
Vet Extension / Bird
Caldwell-Pope Kentavious Caldwell-Pope SG $14,704,938 $14,704,938 - - - $14,704,938 7.56 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 3.50 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 2.22 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 1.52 2.20 $10,960,557
($2,949,120)
Drafted / Rookie Scale
Hyland Nah'Shon Hyland PG $2,306,400 $2,306,400 - - - $2,306,400 1.19 1.72 $6,464,840
($2,306,400)
Drafted / Rookie Scale
Watson Peyton Watson SG $2,303,520 $2,303,520 - - - $2,303,520 1.18 1.72 $9,073,556
($2,303,520)
Drafted / Rookie Scale
Cancar Vlatko Cancar SF $2,234,359 $2,234,359 - - - $2,234,359 1.15 1.67 $4,580,965
($2,234,359)
Free Agent / Bird
Reed Davon Reed SG $2,066,585 $2,066,585 - - - $2,066,585 1.06 1.54 $2,066,585
($0)
Free Agent / Minimum
G'teed: $0
Training Camp/Exhibit 10, Exhibit 9
JonesCarlik Jones PG $2,189,698 $2,174,849 - $2,189,698 - - - Exhibit-10
TillmanJustin Tillman PF $2,189,698 $2,174,849 - $2,189,698 - - - Exhibit-10
ArmsAdonis Arms F $1,974,999 $1,961,752 - $1,974,999 - - - Exhibit-10
GradyKellan Grady PG $1,974,999 $1,961,752 - $1,974,999 - - - Exhibit-10


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 (7) 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
JordanDeAndre Jordan C - $1,989,698 Early Bird
DanielsTroy Daniels SG - $1,902,091 Non-Bird
JeffersonRichard Jefferson SF - $1,902,091 Non-Bird
WhiteJack White SF $1,761,752 $1,774,999 Two-Way
GillespieCollin Gillespie PG $1,769,013 $1,769,013 Two-Way


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 $173,060,585
Current Luxury Tax Space $-11,060,585
Est. Luxury Tax Bill $18,901,465


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 $173,060,585
Cap Holds $21,330,392
Total Cap Allocations $194,390,977
Salary Cap Maximum
2023 NBA Salary Cap Max $134,000,000
Current Cap Space $-60,390,977
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-33,326,137 — $-27,504,793

$-33,326,137
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.

$-27,504,793
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
10/31/2022 RJ Hampton 2023-24 Club Option $4,220,057
10/31/2022 Nah'Shon Hyland 2023-24 Club Option $2,306,400
10/31/2022 Zeke Nnaji 2023-24 Club Option $4,306,281
4/16/2023 Davon Reed 2023-24 Guaranteed — 10 days after final DEN game of 2022-23 - TBD $500,000
6/29/2023 Adonis Arms 2023-24 Qualifying Offer $1,961,752
6/29/2023 Kellan Grady 2023-24 Qualifying Offer $1,961,752
6/29/2023 Jack White 2023-24 Qualifying Offer — Two-Way $1,761,752
6/29/2023 Justin Tillman 2023-24 Qualifying Offer $2,174,849
6/29/2023 Collin Gillespie 2023-24 Qualifying Offer — Two-Way $1,769,013
6/29/2023 Bruce Brown Jr. 2023-24 Player Option $6,802,950
7/08/2023 Davon Reed 2023-24 Guaranteed $2,066,585
10/31/2023 Nah'Shon Hyland 2024-25 Club Option $4,158,440
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 RJ Hampton 2024-25 Qualifying Offer $6,169,724
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
6/30/2025 Nah'Shon Hyland 2025-26 Qualifying Offer $6,137,858
6/29/2026 Peyton Watson 2026-27 Qualifying Offer $6,534,714
6/29/2027 Nikola Jokic 2027-28 Player Option $61,908,000