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 (13) | Pos. | Cap Figure | Base Salary |
Likely Incent. |
Unlikely Incent. |
Trade Bonus |
Cap Figure |
Cap % Team |
Cap % League |
Cash Remaining (Guaranteed) |
Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| C.J. McCollum | SG | $35,802,469 | $35,802,469 | - | - | - | $35,802,469 | 17.24 | 26.72 |
$99,802,468
($99,802,468)
|
Acquired via Trade |
| Brandon Ingram | SF | $33,833,400 | $33,833,400 | - | - | - | $33,833,400 | 16.29 | 25.25 |
$69,849,600
($69,849,600)
|
Free Agent (Max) / Bird |
| Zion Williamson | PF | $33,500,000 | $33,500,000 | - | - | - | $33,500,000 | 16.13 | 25.00 |
$194,300,000
($194,300,000)
|
Rk Extension / Bird |
| Jonas Valanciunas | C | $15,435,000 | $15,435,000 | - | - | - | $15,435,000 | 7.43 | 11.52 |
$15,435,000
($15,435,000)
|
Vet Extension / Bird |
| Larry Nance Jr. | PF | $10,375,000 | $10,375,000 | - | - | - | $10,375,000 | 5.00 | 7.74 |
$21,580,000
($21,580,000)
|
Vet Extension / Bird |
| Dyson Daniels | PG | $5,784,120 | $5,784,120 | - | - | - | $5,784,120 | 2.79 | 4.32 |
$19,551,349
($5,784,120)
|
Drafted / Rookie Scale |
| Kira Lewis Jr. | PG | $5,722,116 | $5,722,116 | - | - | - | $5,722,116 | 2.76 | 4.27 |
$5,722,116
($5,722,116)
|
Drafted / Rookie Scale |
| Garrett Temple | SG | $5,401,000 | $5,401,000 | - | - | - | $5,401,000 | 2.60 | 4.03 |
$5,401,000
($0)
|
Acquired via Trade
G'teed: $0
|
| Trey Murphy III | SF | $3,359,280 | $3,359,280 | - | - | - | $3,359,280 | 1.62 | 2.51 |
$8,519,135
($3,359,280)
|
Drafted / Rookie Scale |
| Willy Hernangomez | C | $2,559,942 | $2,559,942 | - | - | - | $2,559,942 | 1.23 | 1.91 |
$2,559,942
($2,559,942)
|
Free Agent / Non-Bird |
| Naji Marshall | SF | $1,930,681 | $1,930,681 | - | - | - | $1,930,681 | 0.93 | 1.44 |
$1,930,681
($1,930,681)
|
RoS / NT-MLE |
| Jose Alvarado | PG | $1,836,096 | $1,836,096 | - | - | - | $1,836,096 | 0.88 | 1.37 |
$3,824,694
($0)
|
RoS
/ NT-MLE
G'teed: $0
|
| Herbert Jones | SF | $1,836,096 | $1,836,096 | - | - | - | $1,836,096 | 0.88 | 1.37 |
$1,836,096
($1,836,096)
|
Drafted / 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. | |||||
|---|---|---|---|---|---|---|
| E.J. Liddell | PF | |||||
| Dereon Seabron | SG |
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 (6) | Pos. | Qualifying Offer | Likely Incent. | Unlikely Incent. | Trade Kicker | Cap Figure | Rights |
|---|---|---|---|---|---|---|---|
| Jaxson Hayes | C | $7,744,600 | $20,409,036 | Restricted Bird | |||
| Josh Richardson | SG | - | $18,294,141 | Bird | |||
| Tony Snell | SG | - | $1,989,698 | Non-Bird | |||
| Gary Clark | PF | - | $1,774,999 | Non-Bird | |||
| Jared Harper | PG | - | $1,774,999 | Two-Way | |||
| James Nunnally | SF | - | $1,774,999 | Two-Way | |||
| Round 1, Pick #14 | $4,246,200 |
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.
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 |
$12,221,000 | $12,221,000 | |
|
Bi-Annual |
$4,448,000 | $4,448,000 |
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 | $162,000,000 | |
| Total Taxable Salaries | $157,375,200 | |
| Current Luxury Tax Space | $4,624,800 | |
2023-24 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 | $157,375,200 |
| Cap Holds | $50,264,072 |
| Total Cap Allocations | $207,639,272 |
| Salary Cap Maximum | |
| 2023 NBA Salary Cap Max | $134,000,000 |
| Current Cap Space | $-73,639,272 |
| "Super Tax" Apron | |
| 2023 NBA Super-Tax Apron | $179,500,000 |
| Super-Tax Apron Space | $22,124,800 |
2023-24 Practical Cap Space
| Available Practical Cap Space: | $-17,002,403 — $-17,984,009 |
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 |
|---|---|---|---|
| 6/29/2023 | Dereon Seabron | 2024-25 Qualifying Offer — Two-Way | $1,923,495 |
| 6/29/2023 | Willy Hernangomez | 2023-24 Club Option | $2,559,942 |
| 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 | Jaxson Hayes | 2023-24 Qualifying Offer | $7,744,600 |
| 6/30/2023 | Garrett Temple | 2023-24 Guaranteed | $5,401,000 |
| 10/31/2023 | Trey Murphy III | 2024-25 Club Option | $5,159,855 |
| 10/31/2023 | Dyson Daniels | 2024-25 Club Option | $6,059,520 |
| 1/10/2024 | Jose Alvarado | 2023-24 Guaranteed | $1,836,096 |
| 6/29/2024 | Jose Alvarado | 2024-25 Club Option | |
| 6/29/2024 | E.J. Liddell | 2024-25 Qualifying Offer — Two-Way | $1,923,495 |
| 6/30/2024 | Kira Lewis Jr. | 2024-25 Qualifying Offer | $7,913,687 |
| 10/31/2024 | Dyson Daniels | 2025-26 Club Option | $7,707,709 |
| 1/10/2025 | Jose Alvarado | 2024-25 Guaranteed | $1,988,598 |
| 6/30/2025 | Trey Murphy III | 2025-26 Qualifying Offer | $7,285,716 |
| 6/29/2026 | Dyson Daniels | 2026-27 Qualifying Offer | $10,389,992 |
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 | ||||||||||||||||||||||||||||||
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NOP
NOP right to defer to 2025
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MIL NOP
NOP right to swap
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NOP MIL
NOP right to swap with MIL
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| 2025 | ||||||||||||||||||||||||||||||
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LAL NOP
LAL pick if LAL conveys pick to NOP in 2024; NOP pick if NOP defers LAL pick to 2025
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NOP
1-4
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NYK
5-30 (via NOP to POR to DET)
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NOP
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| 2026 | ||||||||||||||||||||||||||||||
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MIL NOP
NOP right to swap
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NOP MIL
NOP right to swap with MIL
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| 2027 | ||||||||||||||||||||||||||||||
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NOP
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NOP
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| 2028 | ||||||||||||||||||||||||||||||
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NOP
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| 2029 | ||||||||||||||||||||||||||||||
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NOP
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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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NOP
Less favorable of CHI and NOP then other to SAS (via CHI to NOP)
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| 2025 | ||||||||||||||||||||||||||||||
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MEM
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| 2026 | ||||||||||||||||||||||||||||||
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SAS
Less favorable of NOP and POR then other to DET ((via NOP to POR to NOP) via POR to DET)
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| 2027 | ||||||||||||||||||||||||||||||
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CHA
More favorable of NOP and POR to CHA then other to POR (via POR)
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| 2028 | ||||||||||||||||||||||||||||||
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SAS
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| 2029 | ||||||||||||||||||||||||||||||
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SAS
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