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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

Player Option
Club Option
Non-Guaranteed
Estimate
Player (6) Age Pos. Cap Figure Signed Using Base Salary Dead Cap Cap Figure Cap % Future Gteed Cash
IsaacJonathan Isaac 24 PF $17,400,000 Bird $17,400,000 ($17,400,000) $17,400,000 9.92 $34,800,000
FultzMarkelle Fultz 24 PG $16,500,000 Bird $16,500,000 ($16,500,000) $16,500,000 9.41 $2,000,000
RossTerrence Ross 31 SG $11,500,000 Bird $11,500,000 ($11,500,000) $11,500,000 6.56 -
AnthonyCole Anthony 22 PG $3,613,680 Rookie $3,613,680 - $3,613,680 2.06 -
OkekeChuma Okeke 24 PF $3,433,320 Rookie $3,433,320 - $3,433,320 1.96 -
HamptonRJ Hampton 21 PG $2,412,840 Rookie $2,412,840 - $2,412,840 1.38 -


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 (9) Age Pos. Signed Using Base Salary Trade Kicker Likely Incent. Dead Cap Qualifying Offer Cap Figure Cap %
HarrisGary Harris 28 SG   - $30,723,215  
BambaMohamed Bamba 24 C Restricted Bird   $10,096,703 $22,706,228  
Carter Jr.Wendell Carter Jr. 23 C   $9,279,756 $20,760,080  
Carter-WilliamsMichael Carter-Williams 30 PG Bird   - $6,270,000  
VazquezFran Vazquez 39 C 1st Round Rookie Scale   - $4,279,000  
AfflaloArron Afflalo 36 SG Non-Bird   - $1,719,247  
SpeightsMarreese Speights 35 PF Non-Bird   - $1,719,247  
BaconDwayne Bacon 27 SG Early Bird   - $1,652,975  
LawVic Law 26 SG Two-Way   - $1,533,731  
Incomplete Roster Charge 6 spots 6 spots           $5,718,072    


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 $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


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 $140,704,000
Total Taxable Salaries $74,236,299
Current Luxury Tax Space $66,467,701


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 $54,859,840
Cap Holds $120,503,855
Total Cap Allocations $175,363,695
Salary Cap Maximum
2022 NBA Salary Cap Max $115,787,000
Current Cap Space $-59,576,695
Salary Cap Floor
2022 NBA Salary Cap Floor $104,208,000
Current Floor Space $49,348,160
 

2022-23 Practical Cap Space

Available Practical Cap Space: $61,809,892 — $61,809,892

$61,809,892
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.

$61,809,892
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
06/29/2023 Cole Anthony 2024-25 Qualifying Offer $7,744,600
2023-24
07/01/2023 Markelle Fultz Guaranteed $17,000,000
06/29/2024 Chuma Okeke 2024-25 Qualifying Offer $7,399,732