Utah Jazz

Utah Jazz 2023-24 Salary Cap

Jazz 2023-24 Salary Cap

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

Jazz – The Athletic

Player Option
Club Option
Non-Guaranteed
Estimate
Player (7) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap Figure Cap % Cash Remaining
(Guaranteed)
Notes
Gobert Rudy Gobert C $41,000,000 $41,000,000 - - - $41,000,000 20.57 $131,482,760
($131,482,760)
Vet Extension / Bird
Mitchell Donovan Mitchell SG $32,600,060 $32,600,060 - - - $32,600,060 16.35 $104,545,020
($104,545,020)
Rk Extension / Bird
Conley Mike Conley PG $24,360,000 $24,360,000 - $1,500,000 - $24,360,000 12.22 $24,360,000
($14,320,000)
Free Agent / Bird
G'teed: $14,320,000
Clarkson Jordan Clarkson PG $14,260,000 $14,260,000 - - - $14,260,000 7.15 $14,260,000
($14,260,000)
Free Agent / Bird
O'Neale Royce O'Neale SF $9,500,000 $9,500,000 - - - $9,500,000 4.77 $9,500,000
($2,500,000)
Vet Extension / Early Bird
G'teed: $2,500,000
Gay Rudy Gay SF $6,479,000 $6,479,000 - - - $6,479,000 3.25 $6,479,000
($6,479,000)
Free Agent / T-MLE
Azubuike Udoka Azubuike C $3,923,484 $3,923,484 - - - $3,923,484 1.97 $3,923,484
($0)
Drafted / Rookie Scale
G'teed: $0


2023-24 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Jazz 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 (5) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
BogdanovicBojan Bogdanovic SF - $29,325,000 Bird
Alexander-WalkerNickeil Alexander-Walker SG $7,073,602 $15,028,899 Restricted Bird
HernangomezJuan Hernangomez PF - $14,310,572 Bird
ButlerJared Butler PG $2,005,205 $2,005,205 Restricted Early Bird
SneedXavier Sneed SF $1,655,120 $1,655,120 Two Way
Incomplete Roster Charge 5 spots 5 spots       $4,908,030  


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 $9,258,000
($567,564)
Derrick Favors trade with OKC (Eric Paschall, $1,782,621, Juan Hernangomez, $6,907,815) 06/27/2022
Trade Exception $799,106
($799,106)
Miye Oni trade with OKC 01/04/2023
Trade Exception $9,774,884
($9,774,884)
Joe Ingles trade with POR 02/09/2023
Trade Exception $1,517,981
($1,517,981)
Elijah Hughes trade with POR 02/09/2023


2023-24 Luxury Tax Totals

Denotes the Jazz 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 $156,450,000
Total Taxable Salaries $132,122,544
Current Luxury Tax Space $24,327,456


2023-24 Utah Jazz Salary Cap Totals

The Jazz 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 $132,122,544
Cap Holds $67,232,826
Total Cap Allocations $199,355,370
Salary Cap Maximum
2023 NBA Salary Cap Max $128,100,000
Current Cap Space $-71,255,370
 

2023-24 Practical Cap Space

Available Practical Cap Space: $9,088,092 — $27,863,880

$9,088,092
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.

$27,863,880
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 Rudy Gay Player Option $6,479,000
06/30/2024 Udoka Azubuike 2024-25 Qualifying Offer $5,818,526