New Orleans Pelicans 2025-26 Cap Table

The New Orleans Pelicans 2025-26 salary cap table, including salary cap table, including team cap space, player cap hits, incentives, & bonus info.

SEASON
TEAM
 
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Picking Up the Pieces of the Pelicans
Total Cap Allocations

$207,342,163 / 8th

Cap Space

$-52,695,163 / 23rd

1st Apron Space

$1,977,109

2nd Apron Space

$13,856,109

2025-26 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 25 DRK-EXT $39,446,090 25.51% $39,446,090 - - - -
Poole Jordan Poole SG 26 RK-EXT $31,848,215 20.59% $31,848,215 - $3,750,000 - $31,848,215
Murray Dejounte Murray PG 29 VET-EXT $30,801,103 19.92% $26,783,568 - $2,267,997 - $26,783,600
Murphy III Trey Murphy III SF 25 RK-EXT $25,000,000 16.17% $25,000,000 - - - $25,000,000
Jones Herb Jones SF 27 FA $13,937,574 9.01% $13,937,574 - - - $13,937,574
Looney Kevon Looney C 29 FA $8,000,000 5.17% $8,000,000 - - - $8,000,000
Fears Jeremiah Fears PG 19 RK-1ST $7,520,040 4.86% $7,520,040 - - - $7,520,040
Bey Saddiq Bey SF 26 FA $6,118,644 3.96% $6,118,644 - $333,333 - $6,118,644
Queen Derik Queen C 21 RK-1ST $5,157,960 3.34% $5,157,960 - - - $5,157,960
Hawkins Jordan Hawkins SG 23 RK-1ST $4,741,320 3.07% $4,741,320 - - - $4,741,320
Missi Yves Missi C 21 RK-1ST $3,353,040 2.17% $3,353,040 - - - $3,353,040
Jordan DeAndre Jordan C 37 ROS $2,269,880 1.47% $3,592,381 - - - $3,571,495
Matkovic Karlo Matkovic PF 24 RK-2ND $1,955,377 1.26% $1,830,377 - - - $1,830,377
Peavy Micah Peavy SG 24 RK-2ND $1,272,870 0.82% $1,272,870 - - - $1,272,870
McGowens Bryce McGowens SG 23 ROS $724,598 0.47% $724,598 - - - $724,598

2025-26 Dead Money Cap

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

Player (2) Pos Cap Hit Cap Hit Pct League Cap
Terry Dalen Terry SG $5,399,118 3.49%
Springer Jaden Springer PG $70,732 0.05%

2025-26 Cap Hold Cap

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

Player (8) Pos Age Type Cap Hit Cap Hit Pct League Cap Qualifying Offer        
Hernangomez Willy Hernangomez C 31 FA $4,642,804 3.00% - Bird
Boston Jr Brandon Boston Jr SG 24 ROS $2,296,274 1.48% - Early Bird
Payton Elfrid Payton PG 31 ROS $2,296,274 1.48% - Early Bird
Snell Tony Snell SG 34 FA $2,296,274 1.48% - Non-Bird
Brooks Jr. Keion Brooks Jr. SF 2W $2,048,494 1.32% - Two-Way
Clark Gary Clark PF 31 2W $2,048,494 1.32% - Non-Bird
Harper Jared Harper PG 28 2W $2,048,494 1.32% - Two-Way
Nunnally James Nunnally SF 35 2W $2,048,494 1.32% - Two-Way

2025 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
Kevin Looney
$8,000,000
 End-of-Season $14,104,000 $6,104,000
Bi-Annual
End-of-Season $5,134,000 $5,134,000
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

2025 Cap Totals

Cap Maximum Summary
Cap Maximum $154,647,000
Active Roster $182,146,711 18th
Dead Money $5,469,850 14th
Cap Hold $19,725,602 6th
Total Allocations $207,342,163 8th
Space $-52,695,163 23rd
1st Apron Summary
1st Apron Maximum
This team is currently hard-capped at the first apron.
 $195,945,000
Total Allocations $193,967,891 -
Space $1,977,109 -
2nd Apron Summary
2nd Apron Maximum $207,824,000
Total Allocations $193,967,891 -
Space $13,856,109 -

2025 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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