Orlando Magic

Orlando Magic 2021-22 Salary Cap

Magic 2021-22 Salary Cap

An updated look at the Orlando Magic 2021 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

Magic – The Athletic

The 2021 NBA Offseason Financial Report
As the regular season nears, we take a look back at the offseason that was, diving into top spenders, tax statuses, notable free agent signings, trades, and extensions for each 2021-22 NBA team. READ ON
Player Option
Club Option
Non-Guaranteed
Estimate
Player (15) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap Figure Cap % Cash Remaining
(Guaranteed)
Notes
Harris Gary Harris SG $20,482,143 $20,482,143 - $2,600,000 - $20,482,143 15.70 $20,482,143
($20,482,143)
Acquired via Trade
Isaac Jonathan Isaac PF $17,400,000 $17,400,000 - $2,600,000 - $17,400,000 13.34 $69,600,000
($69,600,000)
Rk Extension / Bird
Fultz Markelle Fultz PG $16,500,000 $16,500,000 - - - $16,500,000 12.65 $50,000,000
($35,000,000)
Rk Extension / Bird
Ross Terrence Ross SG $12,500,000 $12,500,000 - $1,000,000 - $12,500,000 9.58 $24,000,000
($24,000,000)
Free Agent / Bird
Bamba Mohamed Bamba C $7,568,743 $7,568,743 - - - $7,568,743 5.80 $7,568,743
($7,568,743)
Drafted / Rookie Scale
Carter Jr. Wendell Carter Jr. C $6,920,027 $6,920,027 - - - $6,920,027 5.31 $56,920,027
($56,920,027)
Acquired via Trade
Suggs Jalen Suggs SG $6,593,040 $6,593,040 - - - $6,593,040 5.05 $29,956,217
($13,515,480)
Drafted / Rookie Scale
Wagner Franz Wagner SF $5,007,840 $5,007,840 - - - $5,007,840 3.84 $22,781,932
($10,266,120)
Drafted / Rookie Scale
Lopez Robin Lopez C $5,000,000 $5,000,000 - - - $5,000,000 3.83 $5,000,000
($5,000,000)
Free Agent / NT-MLE
Anthony Cole Anthony PG $3,449,400 $3,449,400 - - - $3,449,400 2.64 $12,602,851
($3,449,400)
Drafted / Rookie Scale
Carter-Williams Michael Carter-Williams PG $3,300,000 $3,300,000 - - - $3,300,000 2.53 $3,300,000
($3,300,000)
Free Agent / Early Bird
Ankle
Okeke Chuma Okeke PF $3,277,080 $3,277,080 - - - $3,277,080 2.51 $11,977,113
($6,710,400)
Drafted / Rookie Scale
Hampton RJ Hampton PG $2,303,040 $2,303,040 - - - $2,303,040 1.77 $8,935,937
($4,715,880)
Acquired via Trade
Wagner Moritz Wagner C $1,729,217 $1,729,217 - - - $1,729,217 1.33 $3,607,937
($1,729,217)
Free Agent / Minimum
Moore E'Twaun Moore SG $1,669,178 $2,641,691 - - - $1,669,178 1.28 $2,641,691
($0)
Free Agent / Minimum
G'teed: $0


2021-22 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 (1) Pos.
BrazdeikisIgnas Brazdeikis SF          


2021-22 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 (6) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
Ennis IIIJames Ennis III SF - $6,270,000 Bird
VazquezFran Vazquez C - $4,154,400 1st Round Rookie Scale
AfflaloArron Afflalo SG - $1,669,178 Non-Bird
SpeightsMarreese Speights PF - $1,669,178 Non-Bird
LawVic Law SG - $1,489,065 Two-Way
ThornwellSindarius Thornwell SG - $1,489,065 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 ($143,002,000) 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 ($143,002,000), 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 Amount (Remaining) Reason/Notes Expire Date
Non-Taxpayer Mid-Level Exception $9,536,000
($4,536,000)
Robin Lopez ($5,000,000)
Bi-Annual Exception $3,732,000
($3,732,000)
Trade Exception $17,150,000
($17,150,000)
Evan Fournier trade with BOS 02/11/2022
Trade Exception $4,272,060
($4,272,060)
Al-Farouq Aminu trade with CHI 02/11/2022
Trade Exception $2,000,000
($2,000,000)
Gary Clark trade with DEN 02/11/2022


2021-22 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
2021 NBA Luxury Tax Threshold $136,606,000
Total Taxable Salaries $113,699,708
Current Luxury Tax Space $22,906,292


2021-22 Orlando Magic Salary Cap Totals

The Magic 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 $113,699,708
Cap Holds $16,740,886
Total Cap Allocations $130,440,594
Salary Cap Maximum
2021 NBA Salary Cap Max $112,414,000
Current Cap Space $-18,026,594
 

2021-22 Practical Cap Space

Available Practical Cap Space: $-18,026,594 — $-1,285,708

$-18,026,594
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.

$-1,285,708
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
2022-23
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 $7,252,200
10/31/2022 Franz Wagner 2023-24 Club Option $5,508,720
06/30/2023 Cole Anthony 2024-25 Qualifying Offer $7,744,600
2023-24
07/01/2023 Markelle Fultz Guaranteed $17,000,000
10/31/2023 Franz Wagner 2024-25 Club Option $7,007,092
10/31/2023 Jalen Suggs 2024-25 Club Option $9,188,537
06/30/2024 Franz Wagner 2025-26 Qualifying Offer $9,445,560
06/30/2024 Chuma Okeke 2024-25 Qualifying Offer $7,399,732
06/30/2024 Jalen Suggs 2025-26 Qualifying Offer $12,184,001