Orlando Magic

Orlando Magic 2024-25 Salary Cap

Magic 2024-25 Salary Cap

An updated look at the Orlando Magic 2024 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 (6) 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 9.20 12.17 $17,400,000
($0)
Rk Extension / Bird
G'teed: $0
Banchero Paolo Banchero PF $12,160,800 $12,160,800 - - - $12,160,800 6.43 8.50 $27,495,569
($0)
Drafted / Rookie Scale
G'teed: $0
Carter Jr. Wendell Carter Jr. C $11,950,000 $11,950,000 - - - $11,950,000 6.32 8.36 $22,800,000
($22,800,000)
Rk Extension / Bird
Suggs Jalen Suggs SG $9,188,385 $9,188,385 - - - $9,188,385 4.86 6.43 $9,188,385
($9,188,385)
Drafted / Rookie Scale
Wagner Franz Wagner SF $7,007,092 $7,007,092 - - - $7,007,092 3.70 4.90 $7,007,092
($7,007,092)
Drafted / Rookie Scale
Houstan Caleb Houstan SF $2,019,699 $2,019,699 - - - $2,019,699 1.07 1.41 $4,207,398
($0)
Drafted / NT-MLE
G'teed: $0


2024-25 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 (13) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
FultzMarkelle Fultz PG - $25,500,000 Bird
BambaMohamed Bamba C - $19,570,000 Bird
HarrisGary Harris SG - $19,500,000 Bird
AnthonyCole Anthony PG $7,744,600 $16,619,313 Restricted Bird
OkekeChuma Okeke PF $7,399,732 $15,800,139 Restricted Bird
HamptonRJ Hampton PG $6,169,724 $12,660,171 Restricted Bird
VazquezFran Vazquez C - $6,064,497 1st Round Rookie Scale
BolBol Bol C - $4,180,000 Bird
AfflaloArron Afflalo SG - $1,997,196 Non-Bird
CannadyDevin Cannady PG - $1,997,196 Bird
SpeightsMarreese Speights PF - $1,997,196 Non-Bird
LawVic Law SG - $1,781,688 Two-Way
ThornwellSindarius Thornwell SG - $1,781,688 Two-Way
Incomplete Roster Charge 6 spots 6 spots       $0  


2024-25 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
2024 NBA Luxury Tax Threshold $171,600,000
Total Taxable Salaries $59,725,976
Current Luxury Tax Space $111,874,024


2024-25 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 $59,725,976
Cap Holds $129,449,084
Total Cap Allocations $189,175,060
Salary Cap Maximum
2024 NBA Salary Cap Max $143,000,000
Current Cap Space $-46,175,060
Salary Cap Floor
2024 NBA Salary Cap Floor $128,700,000
Current Floor Space $68,974,024
 

2024-25 Practical Cap Space

Available Practical Cap Space: $131,050,000 — $131,050,000

$131,050,000
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.

$131,050,000
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
6/30/2023 Cole Anthony 2024-25 Qualifying Offer $7,744,600
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
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