New York Knicks

New York Knicks 2022-23 Salary Cap

Knicks 2022-23 Salary Cap

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

Knicks – 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 (13) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap Figure Cap % Cash Remaining
(Guaranteed)
Notes
Randle Julius Randle PF $26,136,000 $23,760,000 $2,376,000 - - $26,136,000 20.31 $106,444,800
($106,444,800)
Vet Extension / Bird
Fournier Evan Fournier SG $18,000,000 $18,000,000 - $1,500,000 - $18,000,000 13.99 $55,857,143
($36,857,143)
Free Agent / Sign & Trade
Rose Derrick Rose PG $14,520,730 $14,520,730 - - - $14,520,730 11.29 $30,117,069
($14,520,730)
Free Agent / Early Bird
Barrett R.J. Barrett SG $10,900,635 $10,900,635 - - - $10,900,635 8.47 $10,900,635
($10,900,635)
Drafted / Rookie Scale
Burks Alec Burks SG $10,012,800 $10,012,800 - - - $10,012,800 7.78 $20,502,400
($10,012,800)
Free Agent / Space
Noel Nerlens Noel C $9,240,000 $9,240,000 - $1,386,000 - $9,240,000 7.18 $18,920,000
($9,240,000)
Free Agent / Space
Walker Kemba Walker PG $9,165,471 $9,165,471 - - - $9,165,471 7.12 $9,165,471
($9,165,471)
Free Agent / Space
Reddish Cam Reddish SF $5,954,454 $5,954,454 - - - $5,954,454 4.63 $5,954,454
($5,954,454)
Acquired via Trade
Toppin Obi Toppin PF $5,348,280 $5,348,280 - - - $5,348,280 4.16 $12,151,292
($5,348,280)
Drafted / Rookie Scale
Gibson Taj Gibson PF $5,155,500 $5,155,500 - - - $5,155,500 4.01 $5,155,500
($0)
Free Agent / Room
G'teed: $0
Quickley Immanuel Quickley SG $2,316,240 $2,316,240 - - - $2,316,240 1.80 $6,487,788
($2,316,240)
Drafted / Rookie Scale
Grimes Quentin Grimes SG $2,277,000 $2,277,000 - - - $2,277,000 1.77 $8,959,402
($2,277,000)
Drafted / Rookie Scale
McBride Miles McBride PG $1,563,518 $1,563,518 - - - $1,563,518 1.22 $3,399,614
($1,563,518)
Drafted / Space


2022-23 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 Allocations.

Player (2) Pos.
HuntFeron Hunt SF          
SimsJericho Sims PF          


2022-23 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Knicks 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 (2) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
ArcidiaconoRyan Arcidiacono PG - $1,796,667 Non-Bird
RobinsonMitchell Robinson C - $1,766,970
Round 1, Pick #11       $4,508,640  
Round 2, Pick #42       -  


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 $1,175,818
($1,175,818)
Kevin Knox II trade with ATL 01/13/2023


2022-23 Luxury Tax Totals

Denotes the Knicks 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 $120,590,628
Current Luxury Tax Space $28,409,372


2022-23 New York Knicks Salary Cap Totals

The Knicks 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 $120,590,628
Cap Holds $8,072,277
Total Cap Allocations $128,662,905
Salary Cap Maximum
2022 NBA Salary Cap Max $122,000,000
Current Cap Space $-6,662,905
Salary Cap Floor
2022 NBA Salary Cap Floor $109,800,000
Current Floor Space $-10,790,628
 

2022-23 Practical Cap Space

Available Practical Cap Space: $-4,866,238 — $2,056,232

$-4,866,238
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.

$2,056,232
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
2023-24
09/29/2023 Luca Vildoza Guaranteed $1,570,000
10/17/2023 Luca Vildoza Guaranteed $3,150,000
10/31/2023 Quentin Grimes 2024-25 Club Option $4,296,682
06/29/2024 Evan Fournier 2024-25 Club Option $19,000,000
06/30/2024 Obi Toppin 2024-25 Qualifying Offer $9,170,460
06/30/2024 Immanuel Quickley 2024-25 Qualifying Offer $6,128,004
2024-25
06/30/2025 Quentin Grimes 2025-26 Qualifying Offer $6,311,826