Phoenix Suns

Phoenix Suns 2024-25 Salary Cap

Suns 2024-25 Salary Cap

An updated look at the Phoenix Suns 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 (11) 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 $51,179,021 $49,856,021 $1,323,000 - - $51,179,021 20.93 36.30 $103,138,629
($103,138,629)
Acquired via Trade
Beal Bradley Beal SG $50,203,930 $50,203,930 - - - $50,203,930 20.54 35.61 $160,998,810
($160,998,810)
Acquired via Trade
Booker Devin Booker SG $49,350,000 $49,350,000 - - - $49,350,000 20.19 35.00 $221,088,000
($221,088,000)
Vet Extension / Bird
Nurkic Jusuf Nurkic C $18,125,000 $18,125,000 - - - $18,125,000 7.41 12.85 $37,500,000
($37,500,000)
Acquired via Trade
Allen Grayson Allen SG $15,625,000 $15,625,000 - - - $15,625,000 6.39 11.08 $70,000,000
($70,000,000)
Vet Extension / Bird
Little Nassir Little SF $6,750,000 $6,750,000 - - - $6,750,000 2.76 4.79 $21,750,000
($21,750,000)
Acquired via Trade
Gordon Eric Gordon SG $3,356,271 $3,356,271 - - - $3,356,271 1.37 2.38 $3,356,271
($3,356,271)
Free Agent / Minimum
Okogie Josh Okogie SG $2,956,734 $2,956,734 - - - $2,956,734 1.21 2.10 $2,956,734
($2,956,734)
Free Agent / Non-Bird
Roddy David Roddy PF $2,847,240 $2,847,240 - - - $2,847,240 1.16 2.02 $7,679,006
($2,847,240)
Acquired via Trade
Lee Damion Lee SG $2,845,342 $2,845,342 - - - $2,845,342 1.16 2.02 $2,845,342
($2,845,342)
Free Agent / Minimum
Eubanks Drew Eubanks C $2,654,644 $2,654,644 - - - $2,654,644 1.09 1.88 $2,654,644
($2,654,644)
Free Agent / Minimum


2024-25 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 (9) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
O'NealeRoyce O'Neale SF - $18,050,000 Bird
LeeSaben Lee PG $2,244,249 $2,244,249 Two-Way
WainrightIshmail Wainright SF $2,168,944 $2,168,944 Two-Way
BolBol Bol PF - $2,093,637 Non-Bird
RossTerrence Ross SF - $2,093,637 Non-Bird
ThomasIsaiah Thomas PG - $2,093,637 Non-Bird
YoungThaddeus Young PF - $2,093,637 Non-Bird
AzubuikeUdoka Azubuike C - $1,867,722 Two-Way
LundbergGabriel Lundberg G - $1,867,722 Two-Way
Incomplete Roster Charge 1 spots 1 spots       $1,160,544  
Round 1, Pick #23       $2,847,480  


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
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


2024-25 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
2024 NBA Luxury Tax Threshold $171,315,000
Total Taxable Salaries $205,893,182
Current Luxury Tax Space $-34,578,182
Est. Luxury Tax Bill $106,746,369


2024-25 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 $205,893,182
Cap Holds $38,581,209
Total Cap Allocations $244,474,391
Salary Cap Maximum
2024 NBA Salary Cap Max $141,000,000
Current Cap Space $-103,474,391
Second Apron
2024 NBA Second Apron $189,486,000
Second Apron Space $-16,407,182
 

2024-25 Practical Cap Space

Available Practical Cap Space: $-100,220,210 — $-61,730,391

$-100,220,210
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.

$-61,730,391
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
6/29/2024 Damion Lee 2024-25 Player Option $2,845,342
6/29/2024 Eric Gordon 2024-25 Player Option $3,356,271
6/29/2024 Drew Eubanks 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 $2,244,249
6/29/2024 Ishmail Wainright 2024-25 Qualifying Offer — Two-Way $2,168,944
6/29/2024 Grayson Allen 2027-28 Player Option $19,375,000




Unsigned Draft Picks

Draft Year Player Age Position Country College
2010 Dwayne Collins 36 SF USA Miami (FL)
2005 Cenk Akyol 37 G TUR
1992 Ron Ellis 56 SF USA Louisiana Tech
2002 Miloš Vujanić 43 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
2025
BKN
2026
PHX
Least favorable of PHX, ORL and WAS 1-8 or swap with MEM (via MEM swap for PHX)
2027
BKN
2028
BKN    PHX
Two most favorable of BKN, PHI 9-30 if not already settled and if PHI conveys 1st to OKC by 2026 and PHX (via BKN swap for PHX)
PHX    BKN
Least Favorable of WAS and BKN, PHI 9-30 if not already settled and if PHI conveys 1st to OKC by 2026 and PHX (via BKN and WAS swap for PHX)
2029
BKN
2030
PHX
Least favorable of PHX, MEM and WAS
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
2025
WAS
2026
WAS
2027
WAS
2028
SAS
31-45 if BOS is 2-30 in 2028
PHX
46-60 (via ORL)
NYK
Less favorable of IND and PHX to NYK then other to IND (via IND)
2029
OKC
2030
WAS