New Orleans Pelicans

New Orleans Pelicans 2022-23 Salary Cap

Pelicans 2022-23 Salary Cap

An updated look at the New Orleans Pelicans 2022 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

Pelicans – The Athletic

2022 NBA Offseason Financial Previews
Keith Smith breaks down the upcoming offseason for each 2022-23 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 % Cash Remaining
(Guaranteed)
Notes
McCollum C.J. McCollum SG $33,333,333 $33,333,333 - - - $33,333,333 21.71 $69,135,802
($69,135,802)
Acquired via Trade
Ingram Brandon Ingram SF $31,650,600 $31,650,600 - - - $31,650,600 20.61 $101,500,200
($101,500,200)
Free Agent (Max) / Bird
Valanciunas Jonas Valanciunas C $14,700,000 $14,700,000 - - - $14,700,000 9.57 $30,135,000
($30,135,000)
Vet Extension / Bird
Williamson Zion Williamson PF $13,534,817 $13,534,817 - - - $13,534,817 8.81 $13,534,817
($13,534,817)
Drafted / Rookie Scale
Graham Devonte' Graham PG $11,550,000 $11,550,000 - - - $11,550,000 7.52 $36,300,000
($26,500,000)
Acquired via Trade
Nance Jr. Larry Nance Jr. PF $9,672,727 $9,672,727 - - - $9,672,727 6.30 $9,672,727
($9,672,727)
Acquired via Trade
Hayes Jaxson Hayes C $6,803,012 $6,803,012 - - - $6,803,012 4.43 $6,803,012
($6,803,012)
Drafted / Rookie Scale
Temple Garrett Temple SG $5,155,500 $5,155,500 - - - $5,155,500 3.36 $10,556,500
($5,155,500)
Acquired via Trade
Lewis Jr. Kira Lewis Jr. PG $4,004,280 $4,004,280 - - - $4,004,280 2.61 $9,726,396
($4,004,280)
Drafted / Rookie Scale
Murphy III Trey Murphy III SG $3,206,520 $3,206,520 - - - $3,206,520 2.09 $11,725,655
($3,206,520)
Drafted / Rookie Scale
Hernangomez Willy Hernangomez C $2,443,581 $2,443,581 - - - $2,443,581 1.59 $5,003,523
($5,003,523)
Free Agent / Non-Bird
Jones Herbert Jones SF $1,785,000 $1,785,000 - - - $1,785,000 1.16 $3,621,096
($1,785,000)
Drafted / NT-MLE
Marshall Naji Marshall SF $1,782,621 $1,782,621 - - - $1,782,621 1.16 $3,713,302
($1,782,621)
RoS / NT-MLE
Alvarado Jose Alvarado G $1,563,518 $1,563,518 - - - $1,563,518 1.02 $5,388,212
($1,100,000)
RoS / NT-MLE
G'teed: $1,100,000


2022-23 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
DanielsDyson Daniels PG $5,434,800 $5,434,800 1st Round Pick
ClarkGary Clark PF $1,941,833 $1,941,833 Two-Way
SnellTony Snell SG - $1,766,970 Non-Bird
NunnallyJames Nunnally SF - $1,616,044 Two-Way
HarperJared Harper PG $1,602,798 $1,602,798 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 ($155,196,200) 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 ($155,196,200), 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 Amount (Remaining) Reason/Notes Expire Date
Non-Taxpayer Mid-Level Exception $10,264,000
($10,264,000)
Bi-Annual Exception $4,017,000
($4,017,000)
Trade Exception $17,073,171
($6,382,262)
Steven Adams trade with MEM (Larry Nance Jr., $10,690,909) 07/07/2022
Trade Exception $1,786,878
($1,786,878)
Didi Louzada trade with POR 02/08/2023


2022-23 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
2022 NBA Luxury Tax Threshold $149,000,000
Total Taxable Salaries $141,185,509
Current Luxury Tax Space $7,814,491


2022-23 New Orleans Pelicans Salary Cap Totals

The Pelicans 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 $141,185,509
Cap Holds $12,362,445
Total Cap Allocations $153,547,954
Salary Cap Maximum
2022 NBA Salary Cap Max $122,000,000
Current Cap Space $-31,547,954
 

2022-23 Practical Cap Space

Available Practical Cap Space: $-29,945,156 — $-24,620,309

$-29,945,156
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.

$-24,620,309
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
6/29/2022 Willy Hernangomez 2023-24 Club Option $2,559,942
6/30/2022 Jared Harper 2022-23 Qualifying Offer — Two-Way $1,602,798
6/30/2022 Gary Clark 2022-23 Qualifying Offer $1,941,833
10/31/2022 Kira Lewis Jr. 2023-24 Club Option $5,722,116
10/31/2022 Trey Murphy III 2023-24 Club Option $3,359,280
1/10/2023 Jose Alvarado 2022-23 Guaranteed $1,563,518
1/10/2023 Naji Marshall 2022-23 Guaranteed $1,782,621
6/25/2023 Josh Hart 2023-24 Player Option $12,960,000
6/29/2023 Herbert Jones 2023-24 Club Option $1,836,096
6/29/2023 Naji Marshall 2023-24 Club Option $1,930,681
6/30/2023 Zion Williamson 2023-24 Qualifying Offer $17,595,263
6/30/2023 Jaxson Hayes 2023-24 Qualifying Offer $9,170,460
6/30/2023 Garrett Temple 2023-24 Guaranteed $5,401,000
10/31/2023 Trey Murphy III 2024-25 Club Option $5,159,855
1/10/2024 Jose Alvarado 2023-24 Guaranteed $1,836,096
6/29/2024 Jose Alvarado 2024-25 Club Option
6/30/2024 Kira Lewis Jr. 2024-25 Qualifying Offer $7,913,687
7/01/2024 Devonte' Graham 2024-25 Guaranteed $12,650,000
1/10/2025 Jose Alvarado 2024-25 Guaranteed $1,988,598
6/30/2025 Trey Murphy III 2025-26 Qualifying Offer $7,285,716