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Orlando Magic

Orlando Magic 2023-24 Salary Cap

Magic 2023-24 Salary Cap

An updated look at the Orlando Magic 2023 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 25 PF $17,400,000 Bird $17,400,000 ($17,400,000) $17,400,000 21.15 $17,400,000
FultzMarkelle Fultz 25 PG $17,000,000 Bird $17,000,000 ($2,000,000) $17,000,000 20.66 -
AnthonyCole Anthony 23 PG $5,539,771 Rookie $5,539,771 - $5,539,771 6.73 -
OkekeChuma Okeke 25 PF $5,266,713 Rookie $5,266,713 - $5,266,713 6.40 -
HamptonRJ Hampton 22 PG $4,220,057 Rookie $4,220,057 - $4,220,057 5.13 -
AfflaloArron Afflalo 37 SG $1,805,205 Minimum - - $1,805,205 2.19 -


2023-24 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Magic are currently under the cap, all of these figures are included in their Total Cap Figure.

Player (4) Age Pos. Signed Using Base Salary Trade Kicker Likely Incent. Dead Cap Qualifying Offer Cap Figure Cap %
RossTerrence Ross 32 SG Bird   - $17,250,000  
VazquezFran Vazquez 40 C 1st Round Rookie Scale   - $4,493,000  
SpeightsMarreese Speights 36 PF Non-Bird   - $1,805,205  
LawVic Law 27 SG Two-Way   - $1,610,414  
Incomplete Roster Charge 6 spots 6 spots           $5,889,636    


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


2023-24 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
2023 NBA Luxury Tax Threshold $147,739,000
Total Taxable Salaries $51,231,746
Current Luxury Tax Space $96,507,254


2023-24 Orlando Magic Salary Cap Totals

The Magic are currently under the league salary cap, meaning all Cap Holds & Exceptions are included in their Total Cap Allocations. The Cap Max Space figure below represents how much salary cap remains after all allocations are included.

Cap Type Cap Total
Active Roster Cap $51,231,746
Cap Holds $31,048,255
Total Cap Allocations $82,280,001
Salary Cap Maximum
2023 NBA Salary Cap Max $121,575,000
Current Cap Space $39,294,999
Salary Cap Floor
2023 NBA Salary Cap Floor $109,418,000
Current Floor Space $58,186,254
 

2023-24 Practical Cap Space

Available Practical Cap Space: $77,358,940 — $77,358,940

$77,358,940
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.

$77,358,940
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
2023-24
07/01/2023 Markelle Fultz Guaranteed $17,000,000
06/29/2024 Chuma Okeke 2024-25 Qualifying Offer $7,399,732