New Orleans Pelicans

New Orleans Pelicans 2023-24 Salary Cap

Pelicans 2023-24 Salary Cap

An updated look at the New Orleans Pelicans 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 (15) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
McCollum C.J. McCollum SG $35,802,469 $35,802,469 - - - $35,802,469 20.39 26.32 $99,802,468
($99,802,468)
Acquired via Trade
Williamson Zion Williamson PF $34,005,250 $34,005,250 - - - $34,005,250 19.36 25.00 $197,230,450
($52,368,085)
Rk Extension / Bird
Ingram Brandon Ingram SF $33,833,400 $33,833,400 - - - $33,833,400 19.26 24.87 $69,849,600
($69,849,600)
Free Agent (Max) / Bird
Valanciunas Jonas Valanciunas C $15,435,000 $15,435,000 - - - $15,435,000 8.79 11.35 $15,435,000
($15,435,000)
Vet Extension / Bird
Jones Herb Jones SF $12,015,150 $12,015,150 - - - $12,015,150 6.84 8.83 $53,827,872
($53,827,872)
Free Agent / Early Bird
Nance Jr. Larry Nance Jr. PF $10,375,000 $10,375,000 - - - $10,375,000 5.91 7.63 $21,580,000
($21,580,000)
Vet Extension / Bird
Daniels Dyson Daniels PG $5,784,120 $5,784,120 - - - $5,784,120 3.29 4.25 $19,551,349
($11,843,640)
Drafted / Rookie Scale
Hawkins Jordan Hawkins SG $4,310,160 $4,310,160 - - - $4,310,160 2.45 3.17 $20,599,055
($8,835,840)
Drafted / Rookie Scale
Murphy III Trey Murphy III SF $3,359,280 $3,359,280 - - - $3,359,280 1.91 2.47 $8,519,135
($8,519,135)
Drafted / Rookie Scale
Zeller Cody Zeller C $2,019,706 $3,196,448 - - - $2,019,706 1.15 1.48 $3,196,448
($3,196,448)
Free Agent / Minimum
Marshall Naji Marshall SF $1,930,681 $1,930,681 - - - $1,930,681 1.10 1.42 $1,930,681
($1,930,681)
RoS / NT-MLE
Alvarado Jose Alvarado PG $1,836,096 $1,836,096 - - - $1,836,096 1.05 1.35 $3,824,694
($1,836,096)
RoS / NT-MLE
Liddell E.J. Liddell PF $1,801,769 $1,801,769 - - - $1,801,769 1.03 1.32 $6,224,049
($3,922,462)
Free Agent / NT-MLE
Robinson-Earl Jeremiah Robinson-Earl PF $648,843 $648,843 - - - $648,843 0.37 0.48 $2,845,813
($648,843)
RoS / Minimum
Crutcher Jalen Crutcher G $64,343 $64,343 - - - $64,343 0.04 0.05 $64,343
($64,343)
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 (2) Pos.
HillMalcolm Hill G          
SeabronDereon Seabron SG          


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
HillMalcolm Hill G $116,075 - - - $116,075 0.07 10-day


2023-24 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Pelicans 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 (5) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
HernangomezWilly Hernangomez C - $4,863,890 Bird
SnellTony Snell SG - $2,019,706 Non-Bird
ClarkGary Clark PF - $1,801,769 Non-Bird
HarperJared Harper PG - $1,801,769 Two-Way
NunnallyJames Nunnally SF - $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
E.J. Liddell ($1,801,769)
$12,405,000 $10,603,231
Bi-Annual
$4,516,000 $4,516,000


2023-24 Luxury Tax Totals

Denotes the Pelicans 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 $163,364,532
Current Luxury Tax Space $1,929,468


2023-24 New Orleans Pelicans 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 $163,221,267
Dead Money $116,075
Cap Holds $12,288,903
Total Cap Allocations $175,626,245
Salary Cap Maximum
2023 NBA Salary Cap Max $136,021,000
Current Cap Space $-39,605,245
Salary Hard-Cap
2023 NBA First Apron ("Hard-Cap") $172,346,000
Total First Apron Salaries $163,364,532
First Apron Space $8,981,468
Second Apron
2023 NBA Second Apron $182,794,000
Second Apron Space $19,429,468
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-34,625,280 — $-27,200,267

$-34,625,280
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.

$-27,200,267
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 Jose Alvarado 2024-25 Club Option
6/29/2024 Jeremiah Robinson-Earl 2024-25 Club Option $2,196,970
6/29/2024 Matt Ryan 2024-25 Qualifying Offer — Two-Way $1,867,722
6/29/2024 Dereon Seabron 2024-25 Qualifying Offer — Two-Way $1,867,722
10/31/2024 Jordan Hawkins 2025-26 Club Option $4,741,320
10/31/2024 Dyson Daniels 2025-26 Club Option $7,707,709
1/07/2025 Zion Williamson 2025-26 Guaranteed $36,725,670
1/10/2025 Jose Alvarado 2024-25 Guaranteed $1,988,598
6/29/2025 E.J. Liddell 2025-26 Club Option $2,301,587
6/29/2025 Malcolm Hill 2025-26 Qualifying Offer — Two-Way $2,054,495
6/29/2025 Trey Murphy III 2025-26 Qualifying Offer $7,285,716
7/15/2025 Zion Williamson 2025-26 Guaranteed $39,446,090
10/31/2025 Jordan Hawkins 2026-27 Club Option $7,021,895
6/29/2026 Dyson Daniels 2026-27 Qualifying Offer $10,389,992
7/15/2026 Zion Williamson 2026-27 Guaranteed $42,166,510
6/29/2027 Jordan Hawkins 2027-28 Qualifying Offer $10,469,646
7/15/2027 Zion Williamson 2027-28 Guaranteed $44,886,930




Unsigned Draft Picks

Draft Year Player Age Position Country College
2010 Latavious Williams 34 SF USA
2022 Karlo Matkovic 22 PF BIH


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
NOP
NOP right to defer to 2025
MIL    NOP
NOP right to swap
NOP    MIL
NOP right to swap with MIL
2025
LAL    NOP
LAL pick if LAL conveys pick to NOP in 2024; NOP pick if NOP defers LAL pick to 2025
NOP
1-4
NYK
5-30 (via NOP to POR to DET)
NOP
2026
MIL    NOP
NOP right to swap with MIL
NOP    MIL
NOP right to swap with MIL
2027
NOP
NOP
2028
MIL    NOP
NOP right to swap with MIL
NOP
2029
NOP
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
IND
Less favorable of CHI and NOP to IND then other to BOS (via CHI to NOP; via NOP to IND; via SAS to BOS)
2025
SAS
via MEM to PHX
2026
SAS
Less favorable of NOP and POR then other to DET ((via NOP to POR to NOP) via POR to DET)
2027
CHA
More favorable of NOP and POR to CHA then other to POR (via POR)
2028
SAS
2029
SAS