New Orleans Pelicans 2024-25 Cap Table

The New Orleans Pelicans 2024-25 salary cap table, including salary cap table, including team cap space, player cap hits, incentives, & bonus info.

SEASON
TEAM
 
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Total Cap Allocations

$182,966,321 / 13th

Cap Space

$-42,378,321 / 18th

1st Apron Space

$5,382,800

2nd Apron Space

$16,181,800

2024-25 Active Roster Cap

Non-Guaranteed
Player (15 of 15 + 0 of 3 TW) Pos Age Type Cap Hit Cap Hit Pct League Cap Base Salary Incentives Likely Incentives Unlikely Trade Bonus Proration Guaranteed
Williamson Zion Williamson PF 24 DRK-EXT $36,725,670 26.12% $36,725,670 - - - $36,725,670
McCollum C.J. McCollum SG 33 VET-EXT $33,333,333 23.71% $33,333,333 - - - $33,333,333
Murray Dejounte Murray PG 28 VET-EXT $28,817,135 20.50% $24,799,600 - $2,099,997 - $24,799,600
Brown Jr. Bruce Brown Jr. SG 28 FA $23,000,000 16.36% $23,000,000 - - - $23,000,000
Jones Herb Jones SF 26 FA $12,976,362 9.23% $12,976,362 - - - $12,976,362
Olynyk Kelly Olynyk PF 33 VET-EXT $12,804,878 9.11% $12,804,878 - - - $12,804,878
Murphy III Trey Murphy III SF 24 RK-1ST $5,159,855 3.67% $5,159,855 - - - $5,159,855
Hawkins Jordan Hawkins SG 22 RK-1ST $4,525,680 3.22% $4,525,680 - - - $4,525,680
Missi Yves Missi C 20 RK-1ST $3,193,200 2.27% $3,193,200 - - - $3,193,200
Robinson-Earl Jeremiah Robinson-Earl PF 24 ROS $2,196,970 1.56% $2,196,970 - - - $2,196,970
Alvarado Jose Alvarado PG 26 ROS $1,988,598 1.41% $1,988,598 - - - $1,988,598
Matkovic Karlo Matkovic PF 23 RK-2ND $1,407,153 1.00% $1,282,153 - - - $1,282,153
Reeves Antonio Reeves SG 24 RK-2ND $1,157,153 0.82% $1,157,153 - - - $1,157,153
Boston Jr Brandon Boston Jr SG 23 ROS $596,581 0.42% $596,581 - - - $596,581
Payton Elfrid Payton PG 30 ROS $51,527 0.04% $51,527 - - - $51,527

2024-25 Dead Money Cap

Cap breakdowns for players who have been traded or released. All count against the team's cap.

Player (8) Pos Cap Hit Cap Hit Pct League Cap
Green Javonte Green SG $1,728,448 1.23%
Nowell Jaylen Nowell SG $278,782 0.20%
Payton Elfrid Payton PG $274,809 0.20%
Payton Elfrid Payton PG $119,972 0.09%
Payton Elfrid Payton PG $119,972 0.09%
Bamba Mohamed Bamba C $119,972 0.09%
Kelley Kylor Kelley C $66,503 0.05%
Kelley Kylor Kelley C $6,650 0.00%

2024-25 Cap Hold Cap

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc.

Player (5) Pos Age Type Cap Hit Cap Hit Pct League Cap Qualifying Offer        
Hernangomez Willy Hernangomez C 30 FA $4,642,804 3.30% - Bird
Snell Tony Snell SG 33 FA $2,087,519 1.48% - Non-Bird
Clark Gary Clark PF 30 2W $1,862,265 1.32% - Non-Bird
Harper Jared Harper PG 27 2W $1,862,265 1.32% - Two-Way
Nunnally James Nunnally SF 34 2W $1,862,265 1.32% - Two-Way

2024 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.

Type Reason Used On Expires Original Available
Non-Taxpayer Mid-Level
End-of-Season $12,822,000 $12,822,000
Bi-Annual
End-of-Season $4,668,000 $4,668,000
Trade
Kelly Olynk trade with WAS
 7/6/2026 $13,445,122 $13,445,122
Trade
Jose Alvarado trade with NYK
 2/5/2027 $4,500,000 $4,500,000

2024 Cap Totals

Cap Maximum Summary
Cap Maximum $140,588,000
Active Roster $167,934,095 14th
Dead Money $2,715,108 17th
Cap Hold $12,317,118 9th
Total Allocations $182,966,321 13th
Space $-42,378,321 18th
1st Apron Summary
1st Apron Maximum
This team is currently hard-capped at the first apron.
 $178,132,000
Total Allocations $172,749,200 -
Space $5,382,800 -
2nd Apron Summary
2nd Apron Maximum $188,931,000
Total Allocations $172,749,200 -
Space $16,181,800 -

2024 Deadlines

Deadline Date Player Type Value
6/29/2026 Kevon Looney
CLUB
2026-27 Club Option 		$8,000,000
6/29/2026 Hunter Dickinson
RFA / QO
2026-27 Qualifying Offer — Two-Way
6/29/2026 Trey Alexander
RFA / QO
2026-27 Qualifying Offer — Two-Way
6/29/2026 Karlo Matkovic
CLUB
2026-27 Club Option 		$2,296,271
6/29/2026 Josh Oduro
RFA / QO
2026-27 Qualifying Offer — Two-Way
7/1/2026 Jordan Hawkins
EXTENSION ELIGIBLE
2026-27 Extension Eligible
7/9/2026 Dejounte Murray
EXTENSION ELIGIBLE
2026-27 Extension Eligible
7/10/2026 Saddiq Bey
EXTENSION ELIGIBLE
2026-27 Extension Eligible
7/15/2026 Karlo Matkovic
EXTENSION ELIGIBLE
2026-27 Extension Eligible
7/15/2026 Zion Williamson
GUARANTEED
2026-27 Guaranteed 		$42,166,510
10/31/2026 Yves Missi
CLUB
2027-28 Club Option 		$5,595,827
10/31/2026 Jeremiah Fears
CLUB
2027-28 Club Option 		$8,271,960
10/31/2026 Derik Queen
CLUB
2027-28 Club Option 		$5,673,840
2/20/2027 Bryce McGowens
EXTENSION ELIGIBLE
2027-28 Extension Eligible
6/29/2027 Jordan Hawkins
RFA / QO
2027-28 Qualifying Offer 		$10,469,646
6/29/2027 Bryce McGowens
CLUB
2027-28 Club Option 		$2,934,742
6/29/2027 Herb Jones
PLAYER
2027-28 Player Option 		$24,195,628
6/29/2027 Dejounte Murray
PLAYER
2027-28 Player Option 		$30,751,504
6/29/2027 Karlo Matkovic
RFA / QO
2027-28 Qualifying Offer 		$3,099,966
7/1/2027 Yves Missi
EXTENSION ELIGIBLE
2027-28 Extension Eligible
7/6/2027 Micah Peavy
EXTENSION ELIGIBLE
2027-28 Extension Eligible
7/15/2027 Zion Williamson
GUARANTEED
2027-28 Guaranteed 		$44,886,930
10/1/2027 Trey Murphy III
EXTENSION ELIGIBLE
2027-28 Extension Eligible
10/18/2027 Micah Peavy
GUARANTEED
2027-28 Guaranteed — Opening Night TBD 		$2,525,901
10/31/2027 Jeremiah Fears
CLUB
2028-29 Club Option 		$10,505,389
10/31/2027 Derik Queen
CLUB
2028-29 Club Option 		$8,107,918
6/29/2028 Yves Missi
RFA / QO
2028-29 Qualifying Offer 		$8,623,170
6/29/2028 Micah Peavy
CLUB
2028-29 Club Option
7/1/2028 Jeremiah Fears
EXTENSION ELIGIBLE
2028-29 Extension Eligible
7/1/2028 Derik Queen
EXTENSION ELIGIBLE
2028-29 Extension Eligible
7/14/2028 Herb Jones
EXTENSION ELIGIBLE
2028-29 Extension Eligible
10/16/2028 Micah Peavy
GUARANTEED
2028-29 Guaranteed — Opening Night TBD 		$2,735,698
6/29/2029 Jeremiah Fears
RFA / QO
2029-30 Qualifying Offer 		$15,138,266
6/29/2029 Derik Queen
RFA / QO
2029-30 Qualifying Offer 		$12,024,042

Future Draft Picks

2026
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
ATL

2027
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
NOP
Most favorable of MIL and NOP then other to ATL

2028
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
NOP

2029
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
NOP

2030
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
NOP

2031
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
NOP

2032
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
NOP

2026
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
NOP
Least favorable of DET, MIL and ORL to NYK then others to BOS and ORL (via ORL to PHX to BKN to NYK)
CHI
Most favorable of MIN, NOP, NYK and POR (via MIN to NYK; via NOP to POR to NOP; via POR to DET to BOS)

2027
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
NOP
Second most favorable of HOU, IND, MIA and OKC to NYK; then others to PHI and SAS (via HOU to DET to UTA to OKC)
CHA
More favorable of NOP and POR to CHA then other to POR (via POR)

2028
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
SAS

2029
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
SAS

2030
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
NOP    ORL
Or swap with ORL (via ORL swap for NOP)
ORL    NOP
Or swap with NOP

2031
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
ORL
Least favorable of ORL and NOP (via ORL swap for NOP (via NOP))
NOP

2032
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
NOP

TRANSACTIONS

Mar 04, 2026
Josh Oduro, C

Signed a Two-Way contract with New Orleans (NOP)

Feb 20, 2026
Bryce McGowens, SG

Signed a 3 year $6.24 million Rest-of-Season contract with New Orleans (NOP) via converted Two-Way contract - includes 2027-28 Club Option

Feb 06, 2026
Dalen Terry, SG

Waived by New Orleans (NOP)

Feb 05, 2026
Dalen Terry, SG

Traded to New Orleans (NOP) from New York (NYK) with 2nd round pick and 2nd round pick for Jose Alvarado and Latavious Williams

Jan 29, 2026
Jeremiah Fears, PG

Fined $25,000 for role in on-court altercation during NOP-OKC game

View More Transactions

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