Memphis Grizzlies

Memphis Grizzlies 2023-24 Salary Cap

Grizzlies 2023-24 Salary Cap

An updated look at the Memphis Grizzlies 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 (17) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
Morant Ja Morant PG $34,005,250 $34,005,250 - - - $34,005,250 20.93 25.00 $197,230,450
($197,230,450)
Rk Extension / Bird
SEI-Shoulder
Jackson Jr. Jaren Jackson Jr. PF $27,102,202 $27,102,202 - - - $27,102,202 16.68 19.93 $75,773,395
($75,773,395)
Rk Extension / Bird
Smart Marcus Smart PG $18,833,713 $18,583,713 - - $250,000 $18,833,713 11.59 13.85 $59,880,854
($59,880,854)
Acquired via Trade
Kennard Luke Kennard SG $14,763,636 $14,763,636 - $2,014,546 - $14,763,636 9.09 10.85 $29,527,272
($14,763,636)
Acquired via Trade
Clarke Brandon Clarke PF $12,500,000 $12,500,000 - $500,000 - $12,500,000 7.69 9.19 $50,000,000
($50,000,000)
Rk Extension / Bird
Williams Ziaire Williams SF $4,810,200 $4,810,200 - - - $4,810,200 2.96 3.54 $10,943,205
($10,943,205)
Drafted / Rookie Scale
Bane Desmond Bane SG $3,845,083 $3,845,083 - - - $3,845,083 2.37 2.83 $201,075,533
($197,230,450)
Drafted / Rookie Scale
G'teed: $0
LaRavia Jake LaRavia PF $3,199,920 $3,199,920 - - - $3,199,920 1.97 2.35 $11,715,727
($6,552,600)
Drafted / Rookie Scale
Rose Derrick Rose PG $3,196,448 $3,196,448 - - - $3,196,448 1.97 2.35 $6,552,719
($6,552,719)
Free Agent / Minimum
Konchar John Konchar SG $2,400,000 $2,400,000 - - - $2,400,000 1.48 1.76 $20,895,000
($20,895,000)
Free Agent / NT-MLE
Watanabe Yuta Watanabe SF $2,346,614 $2,346,614 - - - $2,346,614 1.44 1.73 $3,544,739
($5,001,258)
Acquired via Trade
Williams Jr. Vincent Williams Jr. SF $2,232,308 $2,232,308 - - - $2,232,308 1.37 1.64 $9,144,340
($6,654,588)
RoS / NT-MLE
Aldama Santi Aldama C $2,194,200 $2,194,200 - - - $2,194,200 1.35 1.61 $6,154,731
($6,154,731)
Drafted / Rookie Scale
Stevens Lamar Stevens SF $2,019,706 $2,092,354 - - - $2,019,706 1.24 1.48 $805,677
($2,092,354)
Acquired via Trade
Jackson G.G. Jackson PF $1,991,428 $1,991,428 - - - $1,991,428 1.23 1.46 $8,511,167
($6,104,962)
RoS / NT-MLE
Gabriel Wenyen Gabriel PF $116,075 $134,863 - - - $116,075 0.07 0.09 $134,863
($134,863)
10-Day / Minimum
Jarreau DeJon Jarreau SG $103,550 $103,550 - - - $103,550 0.06 0.08 $103,550
($103,550)
10-Day / Minimum


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.
GoodwinJordan Goodwin PG          
JemisonTrey Jemison PF          
Pippen Jr.Scotty Pippen Jr. PG          


2023-24 Dead/Retained Cap

Cap breakdowns for players who have been released or served 10-day contracts. All count against the team's Total Cap Allocations.

Player (16) Pos. Base Salary Likely
Incent.
Unlikely
Incent.
Trade Bonus Cap Figure Cap % Notes
OladipoVictor Oladipo SG $9,450,000 - - - $9,450,000 5.82 Waived
BiyomboBismack Biyombo C $5,000,000 - - - $5,000,000 3.08 Waived
ChristopherJosh Christopher SG $2,485,200 - - - $2,485,200 1.53 Waived
MetuChimezie Metu C $2,346,614 - - - $2,019,706 1.24 Waived
ToddIsaiah Todd PF $1,836,096 - - - $1,836,096 1.13 Waived
ChandlerKennedy Chandler PG $1,719,864 - - - $1,719,864 1.06 Waived
Lofton Jr.Kenneth Lofton Jr. PF $1,719,864 - - - $1,719,864 1.06 Waived
HarrisonShaquille Harrison PG $145,301 - - - $116,075 0.07 10-day
NowellJaylen Nowell SG $124,425 - - - $116,075 0.07 10-day
NowellJaylen Nowell SG $124,425 - - - $116,075 0.07 10-day
GoodwinJordan Goodwin PG $116,075 - - - $116,075 0.07 10-day
EvbuomwanTosan Evbuomwan SG $64,343 - - - $64,343 0.04 10-day
HurtMatthew Hurt PF $64,343 - - - $64,343 0.04 10-day
HurtMatthew Hurt PF $64,343 - - - $64,343 0.04 10-day
JemisonTrey Jemison PF $64,343 - - - $64,343 0.04 10-day
JemisonTrey Jemison PF $64,343 - - - $64,343 0.04 10-day


2023-24 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Grizzlies 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 (1) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
PonsYves Pons G - $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.

Non-Taxpayer Mid-Level Exception Details is awarded annually to teams who are above the cap but below the Luxury Tax Apron ($172,346,000) and can be used for contracts up to 4 years in length.

Bi-Annual Exception Details is available to any teams who are below the Luxury Tax Apron ($172,346,000), 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
Non-Taxpayer Mid-Level
Biyombo, Bismack ($5,000,000), G.G. Jackson ($ TBD)
$12,405,000 $7,405,000
Bi-Annual
$4,516,000 $4,516,000
Trade
7/08/2024
Dillon Brooks trade with HOU
(Isaiah Todd, $1,836,096)
$9,328,636 $7,492,540
Trade
2/02/2025
Steven Adams trade with HOU
$12,600,000 $12,600,000
Trade
2/10/2025
Xavier Tillman Sr. trade with BOS
$1,930,681 $1,930,681
Trade
2/10/2025
David Roddy trade with PHX
$2,718,240 $2,718,240


2023-24 Luxury Tax Totals

Denotes the Grizzlies 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 $157,406,050
Current Luxury Tax Space $7,887,950


2023-24 Memphis Grizzlies Salary Cap Totals

This team is currently "hard-capped", which means their Total Taxable Salaries may not exceed $172,346,000 at any point during the season.

Cap Type Cap Total
Active Roster Cap $135,660,333
Dead Money $25,016,745
Cap Holds $1,801,769
Total Cap Allocations $162,478,847
Salary Cap Maximum
2023 NBA Salary Cap Max $136,021,000
Current Cap Space $-26,457,847
Salary Hard-Cap
2023 NBA First Apron ("Hard-Cap") $172,346,000
Total First Apron Salaries $159,920,596
First Apron Space $12,425,404
Second Apron
2023 NBA Second Apron $182,794,000
Second Apron Space $22,873,404
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-25,903,982 — $128,517

$-25,903,982
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.

$128,517
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 Luke Kennard 2024-25 Club Option $14,763,636
6/29/2024 Jordan Goodwin 2024-25 Qualifying Offer — Two-Way $1,867,722
6/29/2024 Yuta Watanabe 2024-25 Player Option $2,654,644
6/29/2024 Desmond Bane 2024-25 Qualifying Offer — voided via extension $5,767,625
10/31/2024 David Roddy 2025-26 Club Option $4,831,766
10/31/2024 Jake LaRavia 2025-26 Club Option $5,163,127
6/29/2025 Santi Aldama 2025-26 Qualifying Offer $5,940,797
6/29/2025 Ziaire Williams 2025-26 Qualifying Offer $8,353,153
6/29/2025 Scotty Pippen Jr. 2025-26 Qualifying Offer — Two-Way $2,054,495
6/29/2025 Trey Jemison 2025-26 Qualifying Offer — Two-Way $2,054,495
6/29/2026 Jake LaRavia 2026-27 Qualifying Offer $7,362,619
6/29/2026 David Roddy 2026-27 Qualifying Offer $7,030,220
6/29/2026 Vincent Williams Jr. 2026-27 Club Option $2,489,752
6/29/2026 G.G. Jackson 2026-27 Club Option $2,406,205




Unsigned Draft Picks

Draft Year Player Age Position Country College
2015 Satnam Singh Bhamara 28 C IND


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
MEM
More favorable of MEM and PHX and WAS 1-12
2025
MEM
2026
MEM
2027
MEM
2028
MEM
2029
MEM
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
MIN
Less favorable of MEM and WAS then other to DET ((via OKC to WAS) via LAL to MIN)
2025
OKC
More favorable of BOS and MEM to OKC then other to ORL (via BOS)
2026
ATL
31-42 (via UTA)
POR
43-60 (via UTA to GSW)
MEM
More favorable of IND and MIA to MEM
2027
HOU
vai LAC
2028
PHX
2029
PHX