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.

Player Option
Club Option
Non-Guaranteed
Estimate
Player (14) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
Randle Julius Randle PF $28,226,880 $25,660,800 $2,566,080 - - $28,226,880 17.32 20.75 $82,684,800
($82,684,800)
Vet Extension / Bird
Brunson Jalen Brunson PG $26,346,666 $26,346,666 - - - $26,346,666 16.16 19.37 $76,266,668
($76,266,668)
Free Agent / Space
Bogdanovic Bojan Bogdanovic SF $20,000,000 $20,000,000 - - - $20,000,000 12.27 14.70 $26,619,057
($22,000,000)
Acquired via Trade
Anunoby OG Anunoby SF $18,642,857 $18,642,857 - - - $18,642,857 11.44 13.71 $31,392,857
($38,571,428)
Acquired via Trade
Robinson Mitchell Robinson C $15,681,818 $15,681,818 - - - $15,681,818 9.62 11.53 $42,954,546
($42,954,546)
Free Agent / Bird
Hart Josh Hart SG $12,960,000 $12,960,000 - - - $12,960,000 7.95 9.53 $93,875,280
($71,500,000)
Acquired via Trade
DiVincenzo Donte DiVincenzo SG $10,900,000 $10,900,000 - $750,000 - $10,900,000 6.69 8.01 $46,870,000
($46,870,000)
Free Agent / NT-MLE
Burks Alec Burks SG $10,489,600 $10,489,600 - - - $10,489,600 6.43 7.71 $3,978,814
($10,489,600)
Free Agent / Space
Hartenstein Isaiah Hartenstein C $9,245,121 $8,195,121 $1,050,000 - - $9,245,121 5.67 6.80 $8,195,121
($8,195,121)
Free Agent / Space
Achiuwa Precious Achiuwa PF $4,379,527 $4,379,527 - - - $4,379,527 2.69 3.22 $2,693,157
($4,379,527)
Acquired via Trade
Sims Jericho Sims C $1,927,896 $1,927,896 - - - $1,927,896 1.18 1.42 $4,020,240
($1,927,896)
Free Agent / Space
McBride Miles McBride PG $1,836,096 $1,836,096 - - - $1,836,096 1.13 1.35 $14,836,096
($14,836,096)
Drafted / Space
Jeffries DaQuan Jeffries SG $116,075 $124,425 - - - $116,075 0.07 0.09 $124,425
($124,425)
10-Day / Minimum
Toppin Jacob Toppin SF $64,343 $64,343 - - - $64,343 0.04 0.05 $64,343
($64,343)
10-Day / Minimum


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.
Brown Jr.Charlie Brown Jr. SG          
Washington Jr.Duane Washington Jr. PG          


2023-24 Dead/Retained Cap

Cap breakdowns for players who have been released or served 10-day contracts. All count against the team's Total Cap Allocations.

Player (5) Pos. Base Salary Likely
Incent.
Unlikely
Incent.
Trade Bonus Cap Figure Cap % Notes
JeffriesDaQuan Jeffries SG $831,385 - - - $831,385 0.51 Waived
WindlerDylan Windler SF $659,454 - - - $659,454 0.40 Waived
GibsonTaj Gibson C $477,630 - - - $477,630 0.29 Waived
GibsonTaj Gibson C $183,704 - - - $116,075 0.07 10-day
GibsonTaj Gibson C $183,704 - - - $116,075 0.07 10-day


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 ($172,346,000) 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 ($172,346,000), 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
Donte DiVincenzo ($11,650,000)
$12,405,000 $755,000
Bi-Annual
$4,516,000 $4,516,000
Trade
7/08/2024
Obi Toppin trade with IND
$6,803,012 $6,803,012
Trade
12/30/2024
RJ Barrett trade with TOR
$5,241,072 $5,241,072


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 $165,294,000
Total Taxable Salaries $163,069,230
Current Luxury Tax Space $2,224,770


2023-24 New York Knicks Salary Cap Totals

This team is currently "hard-capped", which means their Total Taxable Salaries may not exceed $172,346,000 at any point during the season.

Cap Type Cap Total
Active Roster Cap $160,816,879
Dead Money $2,200,619
Total Cap Allocations $163,017,498
Salary Cap Maximum
2023 NBA Salary Cap Max $136,021,000
Current Cap Space $-26,996,498
Salary Hard-Cap
2023 NBA First Apron ("Hard-Cap") $172,346,000
Total First Apron Salaries $163,819,230
First Apron Space $8,526,770
Second Apron
2023 NBA Second Apron $182,794,000
Second Apron Space $18,974,770
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-33,244,348 — $-24,795,879

$-33,244,348
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.

$-24,795,879
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
6/29/2024 Duane Washington Jr. 2024-25 Qualifying Offer — Two-Way $1,867,722
6/29/2024 Charlie Brown Jr. 2024-25 Qualifying Offer — Two-Way $1,867,722
6/29/2024 Josh Hart 2027-28 Club Option $22,375,280
6/29/2024 Precious Achiuwa 2024-25 Qualifying Offer $6,275,862
6/29/2024 Bojan Bogdanovic 2024-25 Guaranteed $19,030,000
6/29/2024 OG Anunoby 2024-25 Player Option $19,928,571
7/16/2024 Jericho Sims 2024-25 Guaranteed — later of 7/16/24 or 10 days after last day of 2024 moratorium - guaranteed 7/16/23 $1,302,359
8/19/2024 Jericho Sims 2024-25 Guaranteed — later of 8/16/24 or 45 days after last day of 2024 moratorium $2,092,344
6/29/2025 Jalen Brunson 2025-26 Player Option $24,960,001




Unsigned Draft Picks

Draft Year Player Age Position Country College
2009 Emir Preldzic 36 SF TUR
2008 Tadija Dragicevic 38 SF SRB
2013 Bojan Dubljevic 32 PF MNE
2015 Daniel Diez 30 SF ESP
2015 Nikola Radicevic 29 PG SRB
2009 Sergio Llull 36 PG ESP
2016 Wang Zhelin 30 C CHN
2017 Mathias Lessort 28 SF FRA
2017 Ognjen Jaramaz 28 PF SRB
2021 Rokas Jokubaitis 23 PG LTU
2005 Axel Hervelle 40 PF BEL
2007 Brad Newley 39 F AUS


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
DAL
Top-10 Protected (from NYK)
NYK
11-30
DET
Top-18 Protected (from NYK)
NYK
19-30 (via HOU to OKC)
NYK
WAS
More favorable of PHX, MEM and WAS 1-12
NYK
11-30
2025
DAL
Top-10 Protected (if not already settled with NYK)
NYK
11-30 (if not already settled)
DET
Top-13 Protected (if not already settled with NYK)
NYK
14-30 (if not already settled, via HOU to OKC)
NOP
1-4
NYK
5-30 (via NOP to POR to DET)
NYK
WAS
Top-10 Protected (if not already settled with NYK)
NYK
11-30 (if not already settled, via HOU to OKC)
2026
DET
Top-11 Protected (if not already settled with NYK)
NYK
12-30 (if not already settled, via HOU to OKC)
NYK
WAS
Top-8 Protected (if not already settled with NYK then more favorable of PHX, ORL and WAS 1-8)
NYK
9-30 (if not already settled, via HOU to OKC)
2027
DET
Top-9 Protected (if not already settled with NYK)
NYK
10-30 (if not already settled, via HOU to OKC)
NYK
2028
NYK
2029
NYK
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
2024
MIA
31-50
ATL
51-55
NYK
56-60 (via CLE to DET to PHI)
PHI
via CHA
NYK
More favorable of CLE and UTA to NYK then other to IND or LAC ((via UTA swap for CLE) via CLE)
2025
NYK
via ATL
NYK
FORFEITED DUE TO TAMPERING
2026
NYK
Less favorable of MIN and NYK to NYK then other to DET
DET
More favorable of MIN and NYK to DET then other to NYK
WAS    NYK
WAS pick if WAS conveys 1st to NYK by 2026; NYK pick if WAS does not convey 1st to NYK to by 2026 (via HOU to OKC)
2027
DET    NYK
DET pick if DET conveys 1st to NYK by 2027; NYK pick if DET does not convey 1st to OKC by 2027 (via HOU to OKC)
NYK
WAS    NYK
WAS pick if WAS conveys 1st to NYK by 2026; NYK pick if WAS does not convey 1st to NYK to by 2026 (via HOU to OKC)
2028
NYK
NYK
Less favorable of IND and PHX to NYK then other to IND (via IND)
2029
NYK
Less favorable of IND and WAS to IND then other to NYK
NYK