New York Knicks

New York Knicks 2023-24 Salary Cap

Knicks 2023-24 Salary Cap

An updated look at the New York Knicks 2023 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 (9) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap Figure Cap % Cash Remaining
(Guaranteed)
Notes
Randle Julius Randle PF $25,660,800 $25,660,800 - - - $25,660,800 14.75 $90,953,280
($82,684,800)
Vet Extension / Bird
Fournier Evan Fournier SG $18,857,143 $18,857,143 - $1,500,000 - $18,857,143 10.84 $37,857,143
($18,857,143)
Free Agent / Sign & Trade
Rose Derrick Rose PG $15,596,339 $15,596,339 - - - $15,596,339 8.96 $15,596,339
($15,596,339)
Free Agent / Early Bird
Burks Alec Burks SG $10,489,600 $10,489,600 - - - $10,489,600 6.03 $10,489,600
($10,489,600)
Free Agent / Space
Noel Nerlens Noel C $9,680,000 $9,680,000 - $1,452,000 - $9,680,000 5.56 $9,680,000
($9,680,000)
Free Agent / Space
Toppin Obi Toppin PF $6,803,012 $6,803,012 - - - $6,803,012 3.91 $6,803,012
($0)
Drafted / Rookie Scale
G'teed: $0
Quickley Immanuel Quickley SG $4,171,548 $4,171,548 - - - $4,171,548 2.40 $4,171,548
($0)
Drafted / Rookie Scale
G'teed: $0
Grimes Quentin Grimes SG $2,385,720 $2,385,720 - - - $2,385,720 1.37 $6,682,402
($2,385,720)
Drafted / Rookie Scale
McBride Miles McBride PG $1,836,096 $1,836,096 - - - $1,836,096 1.06 $1,836,096
($1,836,096)
Drafted / Space


2023-24 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 (6) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
BarrettR.J. Barrett SG $14,301,633 $32,701,905 Restricted Non-Bird
ReddishCam Reddish SF $8,109,966 $17,863,362 Restricted Bird
WalkerKemba Walker PG - $11,915,112 Early Bird
GibsonTaj Gibson PF - $9,795,450 Bird
HuntFeron Hunt SF $1,682,275 $1,682,275 Two-Way
SimsJericho Sims PF $1,610,414 $1,610,414 Two-Way
Incomplete Roster Charge 3 spots 3 spots       $2,944,818  


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.

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


2023-24 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
2023 NBA Luxury Tax Threshold $156,450,000
Total Taxable Salaries $95,480,258
Current Luxury Tax Space $60,969,742


2023-24 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 $95,480,258
Cap Holds $78,513,336
Total Cap Allocations $173,993,594
Salary Cap Maximum
2023 NBA Salary Cap Max $128,100,000
Current Cap Space $-45,893,594
Salary Cap Floor
2023 NBA Salary Cap Floor $115,290,000
Current Floor Space $19,809,742
 

2023-24 Practical Cap Space

Available Practical Cap Space: $73,765,997 — $73,765,997

$73,765,997
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.

$73,765,997
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 Alec Burks 2023-24 Club Option $10,489,600
6/29/2022 Derrick Rose 2023-24 Club Option $15,596,339
10/31/2022 Quentin Grimes 2023-24 Club Option $2,385,720
10/31/2022 Obi Toppin 2023-24 Club Option $6,803,012
10/31/2022 Immanuel Quickley 2023-24 Club Option $4,171,548
6/29/2023 Miles McBride 2023-24 Club Option $1,836,096
6/29/2023 Nerlens Noel 2023-24 Club Option $9,680,000
6/30/2023 Cam Reddish 2023-24 Qualifying Offer $8,109,966
6/30/2023 Feron Hunt 2023-24 Qualifying Offer — Two-Way $1,682,275
6/30/2023 R.J. Barrett 2023-24 Qualifying Offer $14,301,633
10/31/2023 Quentin Grimes 2024-25 Club Option $4,296,682
6/29/2024 Evan Fournier 2024-25 Club Option $19,000,000
6/30/2024 Obi Toppin 2024-25 Qualifying Offer $9,170,460
6/30/2024 Immanuel Quickley 2024-25 Qualifying Offer $6,128,004
6/30/2025 Quentin Grimes 2025-26 Qualifying Offer $6,311,826