Phoenix Suns

Phoenix Suns 2023-24 Salary Cap

Suns 2023-24 Salary Cap

An updated look at the Phoenix Suns 2023 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

2023 NBA Offseason Financial Previews: Cleveland Cavaliers
Breaking down the upcoming offseason for each 2023-24 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 (7) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
Durant Kevin Durant SF $47,649,433 $46,407,433 $1,242,000 - - $47,649,433 22.95 35.56 $149,546,062
($149,546,062)
Acquired via Trade
Booker Devin Booker SG $36,016,200 $36,016,200 - - - $36,016,200 17.35 26.88 $260,240,200
($260,240,200)
Rk Extension / Bird
Ayton Deandre Ayton C $32,459,438 $32,459,438 - - - $32,459,438 15.63 24.22 $102,015,378
($102,015,378)
Free Agent (Max) / Space
Paul Chris Paul PG $30,800,000 $30,800,000 - - - $30,800,000 14.83 22.99 $60,800,000
($15,800,000)
Free Agent / Bird
G'teed: $15,800,000
Shamet Landry Shamet SG $10,250,000 $10,250,000 - - - $10,250,000 4.94 7.65 $33,000,000
($10,250,000)
Rk Extension / Bird
Payne Cameron Payne PG $6,500,000 $6,500,000 - - - $6,500,000 3.13 4.85 $6,500,000
($2,000,000)
Free Agent / Early Bird
G'teed: $2,000,000
Wainright Ishmail Wainright SF $1,927,896 $1,927,896 - - - $1,927,896 0.93 1.44 $1,927,896
($1,927,896)
RoS / NT-MLE


2023-24 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Suns 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 (11) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
BazleyDarius Bazley PF $6,205,035 $12,793,887 Restricted Bird
CraigTorrey Craig SF - $6,658,536 Early Bird
LandaleJock Landale C $2,189,698 $2,189,698 Restricted Early Bird
BiyomboBismack Biyombo C - $1,989,698 Early Bird
LeeDamion Lee SG - $1,989,698 Non-Bird
OkogieJosh Okogie SG - $1,989,698 Non-Bird
PaytonElfrid Payton PG - $1,989,698 Non-Bird
RossTerrence Ross SF - $1,989,698 Non-Bird
WarrenT.J. Warren SF - $1,989,698 Non-Bird
LeeSaben Lee PG $1,774,999 $1,774,999 Two-Way
LundbergGabriel Lundberg G - $1,774,999 Two-Way
Incomplete Roster Charge 5 spots 5 spots       $4,908,030  
Round 2, Pick #52       -  


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.

Taxpayer Mid-Level Exception Details is awarded annually to teams who are above the cap and above the Luxury Tax Apron ($169,000,000) and can be used for contracts up to 3 years in length.

Bi-Annual Exception Details is available to any teams who are below the Luxury Tax Apron ($169,000,000), 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 Reason (Used On) Original Available
Taxpayer Mid-Level
$5,000,000 $5,000,000
Bi-Annual
$4,448,000 $4,448,000
Trade
2/09/2024
Dario Saric trade with OKC
$4,975,371 $4,975,371


2023-24 Luxury Tax Totals

Denotes the Suns 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 $162,000,000
Total Taxable Salaries $165,602,967
Current Luxury Tax Space $-3,602,967
Est. Luxury Tax Bill $5,404,451


2023-24 Phoenix Suns Salary Cap Totals

The Suns 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 $165,602,967
Cap Holds $42,038,337
Total Cap Allocations $207,641,304
Salary Cap Maximum
2023 NBA Salary Cap Max $134,000,000
Current Cap Space $-73,641,304
"Super Tax" Apron
2023 NBA Super-Tax Apron $179,500,000
Super-Tax Apron Space $13,897,033
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-18,027,919 — $-18,027,919

$-18,027,919
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.

$-18,027,919
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
6/28/2023 Chris Paul 2023-24 Guaranteed $30,800,000
6/29/2023 Saben Lee 2023-24 Qualifying Offer — Two-Way $1,774,999
6/29/2023 Ishmail Wainright 2023-24 Club Option $1,927,896
6/29/2023 Cameron Payne 2023-24 Guaranteed $6,500,000
6/30/2023 Darius Bazley 2023-24 Qualifying Offer $6,205,035
6/24/2024 Landry Shamet 2024-25 Guaranteed $11,000,000
6/28/2024 Chris Paul 2024-25 Guaranteed $30,000,000
6/29/2024 Ishmail Wainright 2024-25 Qualifying Offer $2,433,712
6/29/2025 Landry Shamet 2025-26 Club Option $11,750,000




Unsigned Draft Picks

Draft Year Player Age Position Country College
2010 Dwayne Collins 35 SF USA Miami (FL)
2005 Cenk Akyol 36 G TUR
1992 Ron Ellis 55 SF USA Louisiana Tech
2002 Miloš Vujanić 42 G SRB


Future Draft Picks

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
2024
PHX
2025
BKN
2026
PHX
2027
BKN
2028
BKN    PHX
BKN right to swap with PHX
PHX    BKN
BKN right to swap with PHX
2029
BKN
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
2024
PHX
2025
PHX
2026
PHX
2027
PHX
2028
PHX
2029
OKC