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.

2023 NBA Offseason Financial Previews: Minnesota Timberwolves
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 (14) 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 $33,500,000 $33,500,000 - - - $33,500,000 20.88 25.00 $194,300,000
($194,300,000)
Rk Extension / Bird
Jackson Jr. Jaren Jackson Jr. PF $27,102,202 $27,102,202 - - - $27,102,202 16.89 20.23 $75,773,395
($75,773,395)
Rk Extension / Bird
Kennard Luke Kennard SG $14,763,636 $14,763,636 - $2,014,546 - $14,763,636 9.20 11.02 $29,527,272
($14,763,636)
Acquired via Trade
Jones Tyus Jones PG $14,000,000 $14,000,000 - $479,167 - $14,000,000 8.72 10.45 $14,000,000
($14,000,000)
Free Agent / Bird
Adams Steven Adams C $12,600,000 $12,600,000 - - - $12,600,000 7.85 9.40 $25,200,000
($25,200,000)
Vet Extension / Bird
Clarke Brandon Clarke PF $12,500,000 $12,500,000 - $500,000 - $12,500,000 7.79 9.33 $50,000,000
($50,000,000)
Rk Extension / Bird
Williams Ziaire Williams SF $4,810,200 $4,810,200 - - - $4,810,200 3.00 3.59 $10,943,205
($4,810,200)
Drafted / Rookie Scale
Bane Desmond Bane SG $3,845,083 $3,845,083 - - - $3,845,083 2.40 2.87 $3,845,083
($0)
Drafted / Rookie Scale
G'teed: $0
LaRavia Jake LaRavia PF $3,199,920 $3,199,920 - - - $3,199,920 1.99 2.39 $11,715,727
($3,199,920)
Drafted / Rookie Scale
Roddy David Roddy PF $2,718,240 $2,718,240 - - - $2,718,240 1.69 2.03 $10,397,246
($2,718,240)
Drafted / Rookie Scale
Konchar John Konchar SG $2,400,000 $2,400,000 - - - $2,400,000 1.50 1.79 $20,895,000
($20,895,000)
Free Agent / NT-MLE
Aldama Santi Aldama C $2,194,200 $2,194,200 - - - $2,194,200 1.37 1.64 $6,154,731
($2,194,200)
Drafted / Rookie Scale
Tillman Xavier Tillman C $1,930,681 $1,930,681 - - - $1,930,681 1.20 1.44 $1,930,681
($0)
Drafted / NT-MLE
G'teed: $0
Lofton Jr. Kenneth Lofton Jr. PF $1,719,864 $1,719,864 - - - $1,719,864 1.07 1.28 $5,927,014
($1,719,864)
RoS / NT-MLE


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 (2) Pos.
GilyardJacob Gilyard PG          
Williams Jr.Vincent Williams Jr. SF          


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 (1) Pos. Base Salary Likely
Incent.
Unlikely
Incent.
Trade Bonus Cap Figure Cap % Notes
ChandlerKennedy Chandler PG $1,719,864 - - - $1,719,864 1.07 Waived


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 (2) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
BrooksDillon Brooks SF - $17,100,000 Bird
PonsYves Pons G - $1,774,999 Two-Way
Round 1, Pick #25       $2,585,040  
Round 2, Pick #45       -  
Round 2, Pick #56       -  


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 ($169,000,000) 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 ($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.

Type Reason (Used On) Original Available
Non-Taxpayer Mid-Level
$12,221,000 $12,221,000
Bi-Annual
$4,448,000 $4,448,000


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 $162,000,000
Total Taxable Salaries $139,003,890
Current Luxury Tax Space $22,996,110


2023-24 Memphis Grizzlies Salary Cap Totals

The Grizzlies 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 $137,284,026
Dead Money $1,719,864
Cap Holds $21,460,039
Total Cap Allocations $160,463,929
Salary Cap Maximum
2023 NBA Salary Cap Max $134,000,000
Current Cap Space $-26,463,929
"Super Tax" Apron
2023 NBA Super-Tax Apron $179,500,000
Super-Tax Apron Space $37,502,397
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-5,658,249 — $-3,938,385

$-5,658,249
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.

$-3,938,385
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
6/27/2023 Xavier Tillman 2023-24 Club Option $1,930,681
6/29/2023 Luke Kennard 2023-24 Club Option $14,763,636
7/03/2023 John Konchar 2023-24 Guaranteed — guaranteed 7/7/22 as part of extension $2,400,000
10/31/2023 Ziaire Williams 2024-25 Club Option $6,133,005
10/31/2023 Santi Aldama 2024-25 Club Option $3,960,531
10/31/2023 Jake LaRavia 2024-25 Club Option $3,352,680
10/31/2023 David Roddy 2024-25 Club Option $2,847,240
6/29/2024 Jacob Gilyard 2024-25 Qualifying Offer — Two-Way $1,923,495
6/29/2024 Vincent Williams Jr. 2023-24 Qualifying Offer — Two-Way $1,923,495
6/30/2024 Kenneth Lofton Jr. 2023-24 Guaranteed $2,019,699
6/30/2024 Desmond Bane 2024-25 Qualifying Offer $5,767,625
10/31/2024 Jake LaRavia 2025-26 Club Option $5,163,127
10/31/2024 David Roddy 2025-26 Club Option $4,831,766
6/29/2025 Kenneth Lofton Jr. 2024-25 Club Option — non-guaranteed, TBD
6/30/2025 Kenneth Lofton Jr. 2024-25 Guaranteed $2,187,699
6/30/2025 Ziaire Williams 2025-26 Qualifying Offer $8,353,153
6/30/2025 Santi Aldama 2025-26 Qualifying Offer $5,940,797
6/29/2026 Jake LaRavia 2026-27 Qualifying Offer $7,362,619
6/29/2026 David Roddy 2026-27 Qualifying Offer $7,030,220




Unsigned Draft Picks

Draft Year Player Age Position Country College
2015 Satnam Singh Bhamara 27 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
GSW
Top-4 Protected (from OKC)
MEM
5-30
MEM
2025
GSW
Top-1 Protected
MEM
2-30 (if not already settled)
MEM
2026
GSW    MEM
GSW pick if already settled with MEM, MEM pick if not already settled
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)
MEM
2026
MEM
Most favorable of BOS, IND, LAC and MIA
UTA
31-42
POR
43-60 (via UTA to GSW)
2027
LAC
2028
MEM
2029
MEM