Orlando Magic

Orlando Magic 2022-23 Salary Cap

Magic 2022-23 Salary Cap

An updated look at the Orlando Magic 2022 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 (17) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
Isaac Jonathan Isaac PF $17,400,000 $17,400,000 - $2,600,000 - $17,400,000 12.26 14.07 $52,200,000
($23,600,000)
Rk Extension / Bird
G'teed: $16,000,000
Fultz Markelle Fultz PG $16,500,000 $16,500,000 - $1,000,000 - $16,500,000 11.62 13.34 $33,500,000
($18,500,000)
Rk Extension / Bird
Carter Jr. Wendell Carter Jr. C $14,150,000 $14,150,000 - - - $14,150,000 9.97 11.44 $50,000,000
($50,000,000)
Rk Extension / Bird
Harris Gary Harris SG $13,000,000 $13,000,000 - - - $13,000,000 9.16 10.51 $26,000,000
($13,000,000)
Vet Extension / Bird
Ross Terrence Ross SG $11,500,000 $11,500,000 - $1,000,000 - $11,500,000 8.10 9.30 $11,500,000
($11,500,000)
Free Agent / Bird
Banchero Paolo Banchero PF $11,055,120 $11,055,120 - - - $11,055,120 7.79 8.94 $50,158,769
($22,663,200)
Drafted / Rookie Scale
Bamba Mohamed Bamba C $10,300,000 $10,300,000 - - - $10,300,000 7.25 8.33 $20,600,000
($10,300,000)
Free Agent / Bird
Suggs Jalen Suggs SG $6,922,320 $6,922,320 - - - $6,922,320 4.88 5.60 $23,362,785
($6,922,320)
Drafted / Rookie Scale
Wagner Franz Wagner SF $5,258,280 $5,258,280 - - - $5,258,280 3.70 4.25 $17,774,092
($5,258,280)
Drafted / Rookie Scale
Anthony Cole Anthony PG $3,613,680 $3,613,680 - - - $3,613,680 2.55 2.92 $9,153,451
($3,613,680)
Drafted / Rookie Scale
Okeke Chuma Okeke PF $3,433,320 $3,433,320 - - - $3,433,320 2.42 2.78 $8,700,033
($3,433,320)
Drafted / Rookie Scale
Hampton RJ Hampton PG $2,412,840 $2,412,840 - - - $2,412,840 1.70 1.95 $6,632,897
($2,412,840)
Acquired via Trade
Bol Bol Bol C $2,200,000 $2,200,000 - - - $2,200,000 1.55 1.78 $4,400,000
($2,200,000)
Free Agent / Bird
Houstan Caleb Houstan SF $2,000,000 $2,000,000 - - - $2,000,000 1.41 1.62 $8,207,398
($4,000,000)
Drafted / NT-MLE
Wagner Moritz Wagner C $1,878,720 $1,878,720 - - - $1,878,720 1.32 1.52 $1,878,720
($1,878,720)
Free Agent / Minimum
Cannady Devin Cannady PG $1,752,638 $1,752,638 - - - $1,752,638 1.23 1.42 $3,654,775
($0)
RoS / NT-MLE
G'teed: $0
Training Camp/Exhibit 10, Exhibit 9
JeffriesDrake Jeffries SG $1,017,781 $1,017,781 - $1,017,781 - - - Exhibit-10


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.
HarrisKevon Harris SF          
SchofieldAdmiral Schofield SF          


2022-23 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Magic 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 (8) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
VazquezFran Vazquez C - $4,508,640 1st Round Rookie Scale
BolBol Bol C - $4,087,318 Bird
AfflaloArron Afflalo SG - $1,811,516 Non-Bird
SpeightsMarreese Speights PF - $1,811,516 Non-Bird
LawVic Law SG - $1,616,044 Two-Way
ThornwellSindarius Thornwell SG - $1,616,044 Two-Way
SchofieldAdmiral Schofield SF $1,576,305 $1,576,305 Two-Way
BrazdeikisIgnas Brazdeikis SF - $1,576,305 Two-Way


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 ($156,938,000) 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 ($156,938,000), 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
Caleb Houstan
($2,000,000)
$10,490,000 $8,490,000
Bi-Annual
$4,105,000 $4,105,000


2022-23 Luxury Tax Totals

Denotes the Magic 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 $150,267,000
Total Taxable Salaries $123,376,918
Current Luxury Tax Space $26,890,082


2022-23 Orlando Magic Salary Cap Totals

This team is currently "hard-capped", which means their Total Taxable Salaries may not exceed $156,938,000 at any point during the season.

Cap Type Cap Total
Active Roster Cap $123,376,918
Cap Holds $18,603,688
Total Cap Allocations $141,980,606
Salary Cap Maximum
2022 NBA Salary Cap Max $123,655,000
Current Cap Space $-18,325,606
Salary Hard-Cap
2022 NBA Hard-Cap ("Luxury Tax Apron") $156,938,000
Total Hard-Cap Salaries $127,976,918
Hard-Cap Space $28,961,082
Salary Cap Floor
2022 NBA Salary Cap Floor $111,290,000
Current Floor Space $-12,086,918
 

2022-23 Practical Cap Space

Available Practical Cap Space: $3,430,720 — $3,430,720

$3,430,720
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.

$3,430,720
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
10/31/2022 Chuma Okeke 2023-24 Club Option $5,266,713
10/31/2022 Cole Anthony 2023-24 Club Option $5,539,771
10/31/2022 Jalen Suggs 2023-24 Club Option $7,252,080
10/31/2022 Franz Wagner 2023-24 Club Option $5,508,720
1/10/2023 Devin Cannady 2022-23 Guaranteed $1,752,638
1/10/2023 Jonathan Isaac 2022-23 Guaranteed $17,400,000
6/29/2023 Mohamed Bamba 2023-24 Guaranteed $10,300,000
6/29/2023 Devin Cannady 2023-24 Club Option
6/29/2023 Kevon Harris 2023-24 Qualifying Offer — Two-Way $1,761,752
6/29/2023 Drake Jeffries 2023-24 Qualifying Offer $1,961,752
6/30/2023 Bol Bol 2023-24 Guaranteed $2,200,000
6/30/2023 Cole Anthony 2024-25 Qualifying Offer $7,744,600
6/30/2023 Gary Harris 2023-24 Guaranteed $13,000,000
7/01/2023 Markelle Fultz 2023-24 Guaranteed $17,000,000
10/31/2023 Franz Wagner 2024-25 Club Option $7,007,092
10/31/2023 Paolo Banchero 2024-25 Club Option $12,160,800
10/31/2023 Jalen Suggs 2024-25 Club Option $9,188,385
1/10/2024 Devin Cannady 2023-24 Guaranteed $1,902,137
1/10/2024 Jonathan Isaac 2023-24 Guaranteed $17,400,000
6/30/2024 Franz Wagner 2025-26 Qualifying Offer $9,445,561
6/30/2024 Caleb Houstan 2024-25 Guaranteed $2,019,699
6/30/2024 Chuma Okeke 2024-25 Qualifying Offer $7,399,732
6/30/2024 Jalen Suggs 2025-26 Qualifying Offer $12,183,799
10/31/2024 Paolo Banchero 2025-26 Club Option $15,334,769
1/10/2025 Jonathan Isaac 2024-25 Guaranteed $17,400,000
6/29/2025 Caleb Houstan 2025-26 Club Option — non-guaranteed
6/30/2025 Caleb Houstan 2025-26 Guaranteed $2,187,699
6/29/2026 Paolo Banchero 2026-27 Qualifying Offer $19,935,200