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 (17) | Pos. | Cap Figure | Base Salary |
Likely Incent. |
Unlikely Incent. |
Trade Bonus |
Cap Figure |
Cap % Team |
Cap % League |
Cash Remaining (Guaranteed) |
Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jaren Jackson Jr. | PF | $27,102,202 | $27,102,202 | - | - | - | $27,102,202 | 17.06 | 19.93 |
$75,773,395
($75,773,395)
|
Rk Extension / Bird |
| Marcus Smart | PG | $18,833,713 | $18,583,713 | - | - | $250,000 | $18,833,713 | 11.85 | 13.85 |
$59,880,854
($59,880,854)
|
Acquired via Trade |
| Luke Kennard | SG | $14,763,636 | $14,763,636 | - | $2,014,546 | - | $14,763,636 | 9.29 | 10.85 |
$29,527,272
($14,763,636)
|
Acquired via Trade |
| Steven Adams | C | $12,600,000 | $12,600,000 | - | - | - | $12,600,000 | 7.93 | 9.26 |
$25,200,000
($25,200,000)
|
Vet Extension
/ Bird
SEI-Knee
|
| Brandon Clarke | PF | $12,500,000 | $12,500,000 | - | $500,000 | - | $12,500,000 | 7.87 | 9.19 |
$50,000,000
($50,000,000)
|
Rk Extension / Bird |
| Bismack Biyombo | C | $5,000,000 | $5,000,000 | - | - | - | $5,000,000 | 3.15 | 3.68 |
$5,000,000
($1,000,000)
|
Free Agent
/ NT-MLE
G'teed: $1,000,000
|
| Ziaire Williams | SF | $4,810,200 | $4,810,200 | - | - | - | $4,810,200 | 3.03 | 3.54 |
$10,943,205
($10,943,205)
|
Drafted / Rookie Scale |
| Desmond Bane | SG | $3,845,083 | $3,845,083 | - | - | - | $3,845,083 | 2.42 | 2.83 |
$201,075,533
($197,230,450)
|
Drafted
/ Rookie Scale
G'teed: $0
|
| Jake LaRavia | PF | $3,199,920 | $3,199,920 | - | - | - | $3,199,920 | 2.01 | 2.35 |
$11,715,727
($6,552,600)
|
Drafted / Rookie Scale |
| Derrick Rose | PG | $3,196,448 | $3,196,448 | - | - | - | $3,196,448 | 2.01 | 2.35 |
$6,552,719
($6,552,719)
|
Free Agent / Minimum |
| David Roddy | PF | $2,718,240 | $2,718,240 | - | - | - | $2,718,240 | 1.71 | 2.00 |
$10,397,246
($5,565,480)
|
Drafted / Rookie Scale |
| John Konchar | SG | $2,400,000 | $2,400,000 | - | - | - | $2,400,000 | 1.51 | 1.76 |
$20,895,000
($20,895,000)
|
Free Agent / NT-MLE |
| Santi Aldama | C | $2,194,200 | $2,194,200 | - | - | - | $2,194,200 | 1.38 | 1.61 |
$6,154,731
($6,154,731)
|
Drafted / Rookie Scale |
| Xavier Tillman | C | $1,930,681 | $1,930,681 | - | - | - | $1,930,681 | 1.22 | 1.42 |
$1,930,681
($1,930,681)
|
Drafted / NT-MLE |
| Kenneth Lofton Jr. | PF | $1,719,864 | $1,719,864 | - | - | - | $1,719,864 | 1.08 | 1.26 |
$5,927,014
($1,719,864)
|
RoS / NT-MLE |
| Shaquille Harrison | PG | $116,075 | $145,301 | - | - | - | $116,075 | 0.07 | 0.09 |
$145,301
($0)
|
10-Day
/ Hardship
G'teed: $0
|
| Jaylen Nowell | SG | $116,075 | $124,425 | - | - | - | $116,075 | 0.07 | 0.09 |
$124,425
($124,425)
|
10-Day / Hardship |
2023-24 Suspension List
Cap breakdowns for players currently in suspended. All count against the team's salary cap, but not the roster spot.
| Player (1) | Pos. | Signed Using | Base Salary | Signing Bonus | Trade Kicker | Likely Incentives | Dead Cap | Cap Figure | Cap % |
|---|---|---|---|---|---|---|---|---|---|
| Ja Morant | PG | Bird | $34,005,250 | - | - | - | ($34,005,250) | $34,005,250 | 21.40 |
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. | |||||
|---|---|---|---|---|---|---|
| Jacob Gilyard | PG | |||||
| G.G. Jackson | PF | |||||
| 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 (3) | Pos. | Base Salary | Likely Incent. |
Unlikely Incent. |
Trade Bonus | Cap Figure | Cap % | Notes |
|---|---|---|---|---|---|---|---|---|
| Josh Christopher | SG | $2,485,200 | - | - | - | $2,485,200 | 1.56 | Waived |
| Isaiah Todd | PF | $1,836,096 | - | - | - | $1,836,096 | 1.16 | Waived |
| Kennedy Chandler | PG | $1,719,864 | - | - | - | $1,719,864 | 1.08 | 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 (1) | Pos. | Qualifying Offer | Likely Incent. | Unlikely Incent. | Trade Kicker | Cap Figure | Rights |
|---|---|---|---|---|---|---|---|
| Yves 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)
|
$12,405,000 | $7,405,000 |
|
Bi-Annual |
$4,516,000 | $4,516,000 | |
|
Disabled Player 3/11/2024
|
Steven Adams
|
$6,300,000 | $6,300,000 |
|
Trade 7/08/2024
|
Dillon Brooks trade with HOU
(Isaiah Todd, $1,836,096) |
$9,328,636 | $7,492,540 |
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 | $153,550,534 | |
| Current Luxury Tax Space | $11,743,466 | |
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 | $117,046,337 |
| Suspended List Money | $34,005,250 |
| Dead Money | $6,041,160 |
| Cap Holds | $1,801,769 |
| Total Cap Allocations | $158,894,516 |
| Salary Cap Maximum | |
| 2023 NBA Salary Cap Max | $136,021,000 |
| Current Cap Space | $-22,873,516 |
| "Super Tax" Apron | |
| 2023 NBA Super-Tax Apron | $182,794,000 |
| Super-Tax Apron Space | $26,728,920 |
2023-24 Practical Cap Space
| Available Practical Cap Space: | $15,131,734 — $22,974,663 |
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 |
|---|---|---|---|
| 1/10/2024 | Bismack Biyombo | 2023-24 Guaranteed | $5,000,000 |
| 6/29/2024 | Luke Kennard | 2024-25 Club Option | $14,763,636 |
| 6/29/2024 | G.G. Jackson | 2024-25 Qualifying Offer | $1,981,953 |
| 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 |
| 6/29/2024 | Desmond Bane | 2024-25 Qualifying Offer — voided via extension | $5,767,625 |
| 6/30/2024 | Kenneth Lofton Jr. | 2023-24 Guaranteed | $2,019,699 |
| 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 | Kenneth Lofton Jr. | 2024-25 Club Option — non-guaranteed, TBD | |
| 6/29/2025 | Santi Aldama | 2025-26 Qualifying Offer | $5,940,797 |
| 6/29/2025 | Ziaire Williams | 2025-26 Qualifying Offer | $8,353,153 |
| 6/30/2025 | Kenneth Lofton Jr. | 2024-25 Guaranteed | $2,187,699 |
| 6/29/2026 | David Roddy | 2026-27 Qualifying Offer | $7,030,220 |
| 6/29/2026 | Jake LaRavia | 2026-27 Qualifying Offer | $7,362,619 |
Unsigned Draft Picks
| Draft Year | Player | Age | Position | Country | College |
|---|---|---|---|---|---|
| 2015 | Satnam Singh Bhamara | 27 | C | IND | |
| 2019 | Vanja Marinkovic | 26 | SG | SRB |
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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MEM
More favorable of MEM and PHX and WAS 1-12
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| 2025 | ||||||||||||||||||||||||||||||
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GSW
Top-1 Protected (if not already settled with MEM)
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MEM
2-30 (if not already settled, via MEM)
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MEM
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| 2026 | ||||||||||||||||||||||||||||||
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MEM
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| 2027 | ||||||||||||||||||||||||||||||
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MEM
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| 2028 | ||||||||||||||||||||||||||||||
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MEM
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| 2029 | ||||||||||||||||||||||||||||||
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MEM
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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 | |
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| 2024 | ||||||||||||||||||||||||||||||
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MIN
Less favorable of MEM and WAS then other to DET ((via OKC to WAS) via LAL to MIN)
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| 2025 | ||||||||||||||||||||||||||||||
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OKC
More favorable of BOS and MEM to OKC then other to ORL (via BOS)
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| 2026 | ||||||||||||||||||||||||||||||
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ATL
31-42 (via UTA)
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POR
43-60 (via UTA to GSW)
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MEM
More favorable of IND and MIA to MEM
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| 2027 | ||||||||||||||||||||||||||||||
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HOU
vai LAC
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| 2028 | ||||||||||||||||||||||||||||||
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PHX
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| 2029 | ||||||||||||||||||||||||||||||
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PHX
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