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.

Magic – 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 (11) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap Figure Cap % Cash Remaining
(Guaranteed)
Notes
Isaac Jonathan Isaac PF $17,400,000 $17,400,000 - $2,600,000 - $17,400,000 9.82 $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 9.31 $33,500,000
($18,500,000)
Rk Extension / Bird
Carter Jr. Wendell Carter Jr. C $14,150,000 $14,150,000 - - - $14,150,000 7.98 $50,000,000
($50,000,000)
Rk Extension / Bird
Ross Terrence Ross SG $11,500,000 $11,500,000 - $1,000,000 - $11,500,000 6.49 $11,500,000
($11,500,000)
Free Agent / Bird
Suggs Jalen Suggs SG $6,922,320 $6,922,320 - - - $6,922,320 3.91 $23,362,785
($6,922,320)
Drafted / Rookie Scale
Wagner Franz Wagner SF $5,258,280 $5,258,280 - - - $5,258,280 2.97 $17,774,092
($5,258,280)
Drafted / Rookie Scale
Anthony Cole Anthony PG $3,613,680 $3,613,680 - - - $3,613,680 2.04 $9,153,451
($3,613,680)
Drafted / Rookie Scale
Okeke Chuma Okeke PF $3,433,320 $3,433,320 - - - $3,433,320 1.94 $8,700,033
($3,433,320)
Drafted / Rookie Scale
Hampton RJ Hampton PG $2,412,840 $2,412,840 - - - $2,412,840 1.36 $6,632,897
($2,412,840)
Acquired via Trade
Wagner Moritz Wagner C $1,878,720 $1,878,720 - - - $1,878,720 1.06 $1,878,720
($0)
Free Agent / Minimum
G'teed: $0
Cannady Devin Cannady PG $1,752,638 $1,752,638 - - - $1,752,638 0.99 $3,654,775
($0)
RoS / NT-MLE
G'teed: $0


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 (12) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
HarrisGary Harris SG - $30,723,215
BambaMohamed Bamba C $10,096,703 $22,706,228 Restricted Bird
BancheroPaolo Banchero PF $10,907,040 $10,907,040 1st Round Pick
LopezRobin Lopez C - $9,500,000 Non-Bird
VazquezFran Vazquez C - $4,508,640 1st Round Rookie Scale
BolBol Bol C $2,701,440 $4,087,318 Restricted 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
BrazdeikisIgnas Brazdeikis SF $1,576,305 $1,576,305 Two-Way
SchofieldAdmiral Schofield SF $1,576,305 $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 ($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)


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 $149,000,000
Total Taxable Salaries $84,821,798
Current Luxury Tax Space $64,178,202


2022-23 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 $84,821,798
Cap Holds $92,440,171
Total Cap Allocations $177,261,969
Salary Cap Maximum
2022 NBA Salary Cap Max $122,000,000
Current Cap Space $-55,261,969
Salary Cap Floor
2022 NBA Salary Cap Floor $109,800,000
Current Floor Space $14,071,162
 

2022-23 Practical Cap Space

Available Practical Cap Space: $26,564,764 — $27,490,472

$26,564,764
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.

$27,490,472
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
6/30/2022 Mohamed Bamba 2022-23 Qualifying Offer $10,096,703
6/30/2022 Moritz Wagner 2022-23 Guaranteed $1,878,720
6/30/2022 Admiral Schofield 2022-23 Qualifying Offer — Two-Way $1,576,305
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 Devin Cannady 2023-24 Club Option
6/30/2023 Cole Anthony 2024-25 Qualifying Offer $7,744,600
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 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 Chuma Okeke 2024-25 Qualifying Offer $7,399,732
6/30/2024 Jalen Suggs 2025-26 Qualifying Offer $12,183,799
1/10/2025 Jonathan Isaac 2024-25 Guaranteed $17,400,000