Memphis Grizzlies

Memphis Grizzlies 2024-25 Salary Cap

Grizzlies 2024-25 Salary Cap

An updated look at the Memphis Grizzlies 2024 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

2024 NBA Offseason Financials: Memphis Grizzlies
Breaking down the upcoming offseason for each 2024-25 NBA team, including cap space figures, free agents, extension candidates, 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 $36,725,670 $36,725,670 - - - $36,725,670 19.58 26.05 $163,225,200
($163,225,200)
Rk Extension / Bird
Bane Desmond Bane SG $34,005,250 $34,005,250 - $1,494,750 - $34,005,250 18.13 24.12 $197,230,450
($197,230,450)
Rk Extension / Bird
Jackson Jr. Jaren Jackson Jr. PF $25,257,798 $25,257,798 - - - $25,257,798 13.47 17.91 $48,671,193
($48,671,193)
Rk Extension / Bird
Smart Marcus Smart PG $20,210,285 $19,960,285 - - $250,000 $20,210,285 10.78 14.33 $41,297,141
($41,297,141)
Acquired via Trade
Kennard Luke Kennard SG $14,763,636 $14,763,636 - $2,014,546 - $14,763,636 7.87 10.47 $14,763,636
($0)
Acquired via Trade
G'teed: $0
Clarke Brandon Clarke PF $12,500,000 $12,500,000 - $500,000 - $12,500,000 6.66 8.87 $37,500,000
($37,500,000)
Rk Extension / Bird
Konchar John Konchar SG $6,165,000 $6,165,000 - - - $6,165,000 3.29 4.37 $18,495,000
($18,495,000)
Vet Extension / Bird
Williams Ziaire Williams SF $6,133,005 $6,133,005 - - - $6,133,005 3.27 4.35 $6,133,005
($6,133,005)
Drafted / Rookie Scale
Aldama Santi Aldama C $3,960,531 $3,960,531 - - - $3,960,531 2.11 2.81 $3,960,531
($3,960,531)
Drafted / Rookie Scale
Rose Derrick Rose PG $3,356,271 $3,356,271 - - - $3,356,271 1.79 2.38 $3,356,271
($3,356,271)
Free Agent / Minimum
LaRavia Jake LaRavia PF $3,352,680 $3,352,680 - - - $3,352,680 1.79 2.38 $8,515,807
($3,352,680)
Drafted / Rookie Scale
Watanabe Yuta Watanabe SF $2,654,644 $2,654,644 - - - $2,654,644 1.42 1.88 $2,654,644
($2,654,644)
Acquired via Trade
Williams Jr. Vincent Williams Jr. SF $2,120,693 $2,120,693 - - - $2,120,693 1.13 1.50 $6,912,032
($4,422,280)
RoS / NT-MLE
Jackson G.G. Jackson PF $1,891,857 $1,891,857 - - - $1,891,857 1.01 1.34 $6,519,739
($4,113,534)
RoS / NT-MLE


2024-25 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.
JemisonTrey Jemison PF          
Pippen Jr.Scotty Pippen Jr. PG          


2024-25 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 $2,019,699 - - - $2,019,699 1.08 Waived


2024-25 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 (3) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
StevensLamar Stevens SF - $2,093,637 Non-Bird
GoodwinJordan Goodwin PG $1,867,722 $1,867,722 Two-Way
PonsYves Pons G - $1,867,722 Two-Way
Round 1, Pick #7       $6,614,280  
Round 2, Pick #39       -  
Round 2, Pick #57       -  


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.

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
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


2024-25 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
2024 NBA Luxury Tax Threshold $171,315,000
Total Taxable Salaries $175,117,019
Current Luxury Tax Space $-3,802,019
Est. Luxury Tax Bill $5,703,029


2024-25 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 $173,097,320
Dead Money $2,019,699
Cap Holds $12,443,361
Total Cap Allocations $187,560,380
Salary Cap Maximum
2024 NBA Salary Cap Max $141,000,000
Current Cap Space $-46,560,380
Second Apron
2024 NBA Second Apron $189,486,000
Second Apron Space $10,359,685
 

2024-25 Practical Cap Space

Available Practical Cap Space: $-46,127,421 — $-21,293,320

$-46,127,421
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.

$-21,293,320
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
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 David Roddy 2026-27 Qualifying Offer $7,030,220
6/29/2026 Jake LaRavia 2026-27 Qualifying Offer $7,362,619
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
2025
MEM
2026
MEM
Or swap for least favorable of PHX, ORL and WAS 1-8 (via MEM swap for PHX)
2027
MEM
2028
MEM
2029
MEM
2030
MEM
More favorable of MEM and less favorable of PHX and WAS
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
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
MEM
via BOS
HOU
via LAC
2028
BKN
via PHX
2029
BKN
via PHX
2030
MEM
via BOS
MEM