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.

Player Option
Club Option
Non-Guaranteed
Estimate
Player (15) 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 24.73 35.03 $149,546,062
($149,546,062)
Acquired via Trade
Beal Bradley Beal SG $46,741,590 $46,741,590 - - - $46,741,590 24.26 34.36 $207,740,400
($207,740,400)
Acquired via Trade
Booker Devin Booker SG $36,016,200 $36,016,200 - - - $36,016,200 18.69 26.48 $258,672,200
($258,672,200)
Rk Extension / Bird
Nurkic Jusuf Nurkic C $16,875,000 $16,875,000 - - - $16,875,000 8.76 12.41 $54,375,000
($54,375,000)
Acquired via Trade
Allen Grayson Allen SG $8,925,000 $8,500,000 $425,000 $850,000 - $8,925,000 4.63 6.56 $8,500,000
($8,500,000)
Acquired via Trade
Little Nassir Little SF $6,250,000 $6,250,000 - - - $6,250,000 3.24 4.59 $28,000,000
($28,000,000)
Acquired via Trade
Gordon Eric Gordon SG $3,196,448 $3,196,448 - - - $3,196,448 1.66 2.35 $6,552,719
($6,552,719)
Free Agent / Minimum
Okogie Josh Okogie SG $2,815,937 $2,815,937 - - - $2,815,937 1.46 2.07 $5,772,671
($5,772,671)
Free Agent / Non-Bird
Lee Damion Lee SG $2,528,233 $2,528,233 - - - $2,528,233 1.31 1.86 $5,373,575
($5,373,575)
Free Agent / Minimum
Bates-Diop Keita Bates-Diop SF $2,346,614 $2,346,614 - - - $2,346,614 1.22 1.73 $5,001,258
($5,001,258)
Free Agent / Minimum
Eubanks Drew Eubanks C $2,346,614 $2,346,614 - - - $2,346,614 1.22 1.73 $5,001,258
($5,001,258)
Free Agent / Minimum
Watanabe Yuta Watanabe SF $2,346,614 $2,346,614 - - - $2,346,614 1.22 1.73 $5,001,258
($5,001,258)
Free Agent / Minimum
Metu Chimezie Metu C $2,019,706 $2,346,614 - - - $2,019,706 1.05 1.48 $2,346,614
($2,528,233)
Free Agent / Minimum
G'teed: $2,528,233
Bol Bol Bol PF $2,019,706 $2,165,000 - - - $2,019,706 1.05 1.48 $2,165,000
($2,165,000)
Free Agent / Minimum
Goodwin Jordan Goodwin PG $1,927,896 $1,927,896 - - - $1,927,896 1.00 1.42 $4,020,240
($300,000)
Acquired via Trade
G'teed: $300,000


2023-24 Two-Way

Players signed to Two-Way contracts that are currently designated to G-League affiliate. Two-way salaries do not count against a team's Total Cap/Tax Allocations.

Player (2) Pos.
AzubuikeUdoka Azubuike C          
LeeSaben Lee PG          


2023-24 Dead/Retained Cap

Cap breakdowns for players who have been released or served 10-day contracts. All count against the team's Total Cap Allocations.

Player (1) Pos. Base Salary Likely
Incent.
Unlikely
Incent.
Trade Bonus Cap Figure Cap % Notes
JohnsonKeon Johnson SG $2,808,720 - - - $2,808,720 1.46 Waived


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 (3) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
RossTerrence Ross SF - $2,019,706 Non-Bird
WarrenT.J. Warren SF - $2,019,706 Non-Bird
LundbergGabriel Lundberg G - $1,801,769 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.

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
Trade
2/09/2024
Dario Saric trade with OKC
$4,975,371 $4,975,371
Trade
7/11/2024
Isaiah Todd trade with MEM
$1,836,096 $1,836,096
Trade
9/27/2024
Toumani Camara trade with POR
$1,119,563 $1,119,563
Trade
9/27/2024
Cameron Payne trade with SAS
$6,500,000 $6,500,000


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 $165,294,000
Total Taxable Salaries $186,813,711
Current Luxury Tax Space $-21,519,711
Est. Luxury Tax Bill $50,698,920


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 $184,004,991
Dead Money $2,808,720
Cap Holds $5,841,181
Total Cap Allocations $192,654,892
Salary Cap Maximum
2023 NBA Salary Cap Max $136,021,000
Current Cap Space $-56,633,892
"Super Tax" Apron
2023 NBA Super-Tax Apron $182,794,000
Super-Tax Apron Space $-4,869,711
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-55,005,996 — $-46,356,095

$-55,005,996
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.

$-46,356,095
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
1/10/2024 Ishmail Wainright 2023-24 Guaranteed $1,927,896
6/29/2024 Ishmail Wainright 2024-25 Qualifying Offer $2,433,712
6/29/2024 Damion Lee 2024-25 Player Option $2,845,342
6/29/2024 Eric Gordon 2024-25 Player Option $3,356,271
6/29/2024 Keita Bates-Diop 2024-25 Player Option $2,654,644
6/29/2024 Drew Eubanks 2024-25 Player Option $2,654,644
6/29/2024 Yuta Watanabe 2024-25 Player Option $2,654,644
6/29/2024 Josh Okogie 2024-25 Player Option $2,956,734
6/29/2024 Saben Lee 2024-25 Qualifying Offer — Two-Way $1,981,953
6/30/2024 Jordan Goodwin 2024-25 Club Option — already $325,590 guaranteed
9/01/2024 Jordan Goodwin 2024-25 Guaranteed $1,046,172
1/10/2025 Jordan Goodwin 2024-25 Guaranteed $2,092,344




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 56 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
Least favorable of PHX, MEM and WAS 1-12
2025
BKN
2026
PHX
Least favorable of PHX, ORL and WAS 1-8
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
via ORL
WAS
2025
WAS
2026
PHX
Least favorable of DET, MIL and ORL to PHX then others to ORL (via ORL)
WAS
2027
WAS
2028
SAS
31-45 if BOS is 1 in 2028
PHX
46-60 (via ORL)
PHX
NYK
Less favorable of IND and PHX to NYK then other to IND (via IND)
2029
PHX
OKC