Washington Wizards

Washington Wizards 2023-24 Salary Cap

Wizards 2023-24 Salary Cap

An updated look at the Washington Wizards 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 (13) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
Beal Bradley Beal SG $46,741,590 $46,741,590 - - - $46,741,590 23.38 34.88 $207,740,400
($207,740,400)
Free Agent (Max) / Bird
Porzingis Kristaps Porzingis PF $36,016,200 $36,016,200 - - - $36,016,200 18.02 26.88 $36,016,200
($36,016,200)
Acquired via Trade
Kuzma Kyle Kuzma SF $13,000,000 $13,000,000 - - - $13,000,000 6.50 9.70 $13,000,000
($13,000,000)
Acquired via Trade
Gafford Daniel Gafford C $12,402,000 $12,402,000 - - - $12,402,000 6.20 9.26 $40,182,480
($40,182,480)
Vet Extension / Bird
Morris Monte Morris PG $9,800,926 $9,800,926 - - - $9,800,926 4.90 7.31 $9,800,926
($9,800,926)
Acquired via Trade
Wright Delon Wright PG $8,195,122 $8,195,122 - - - $8,195,122 4.10 6.12 $8,195,122
($8,195,122)
Free Agent / NT-MLE
Avdija Deni Avdija SF $6,263,188 $6,263,188 - - - $6,263,188 3.13 4.67 $6,263,188
($6,263,188)
Drafted / Rookie Scale
Davis Johnny Davis SG $5,050,800 $5,050,800 - - - $5,050,800 2.53 3.77 $17,088,189
($5,050,800)
Drafted / Rookie Scale
Kispert Corey Kispert SF $3,722,040 $3,722,040 - - - $3,722,040 1.86 2.78 $9,427,928
($3,722,040)
Drafted / Rookie Scale
Gill Anthony Gill PF $1,997,238 $1,997,238 - - - $1,997,238 1.00 1.49 $1,997,238
($1,997,238)
Free Agent / Minimum
Goodwin Jordan Goodwin PG $1,927,896 $1,927,896 - - - $1,927,896 0.96 1.44 $4,020,240
($300,000)
RoS / NT-MLE
G'teed: $300,000
Todd Isaiah Todd PF $1,836,096 $1,836,096 - - - $1,836,096 0.92 1.37 $3,824,694
($1,836,096)
Drafted / NT-MLE
Cooks Xavier Cooks PF $1,719,864 $1,719,864 - - - $1,719,864 0.86 1.28 $5,927,014
($1,719,864)
RoS / NT-MLE


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 (1) Pos.
JacksonQuenton Jackson G          


2023-24 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Wizards 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 (10) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
MahinmiIan Mahinmi C - $23,175,077 Bird
NunnKendrick Nunn PG - $6,825,000 Early Bird
GibsonTaj Gibson C - $1,989,698 Non-Bird
LawsonTy Lawson PG - $1,989,698 Non-Bird
NapierShabazz Napier PG - $1,989,698 Early Bird
SatoranskyTomas Satoransky SG - $1,989,698 Non-Bird
SessionsRamon Sessions PG - $1,989,698 Non-Bird
HuffJay Huff C $1,774,999 $1,774,999 Two-Way
WilliamsJohnathan Williams PF - $1,774,999 Two-Way
WinstonCassius Winston PG - $1,774,999 Two-Way
Round 1, Pick #8       $5,969,400  
Round 2, Pick #41       -  
Round 2, Pick #57       -  


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.

Non-Taxpayer Mid-Level Exception Details is awarded annually to teams who are above the cap but below the Luxury Tax Apron ($169,000,000) and can be used for contracts up to 4 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
Non-Taxpayer Mid-Level
$12,221,000 $12,221,000
Bi-Annual
$4,448,000 $4,448,000
Trade
1/23/2024
Rui Hachimura
$6,263,188 $6,263,188


2023-24 Luxury Tax Totals

Denotes the Wizards 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 $148,672,960
Current Luxury Tax Space $13,327,040


2023-24 Washington Wizards Salary Cap Totals

The Wizards 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 $148,672,960
Cap Holds $51,242,964
Total Cap Allocations $199,915,924
Salary Cap Maximum
2023 NBA Salary Cap Max $134,000,000
Current Cap Space $-65,915,924
"Super Tax" Apron
2023 NBA Super-Tax Apron $179,500,000
Super-Tax Apron Space $30,827,040
 

2023-24 Practical Cap Space

Available Practical Cap Space: $-71,244,328 — $27,795,878

$-71,244,328
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.

$27,795,878
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
6/21/2023 Kyle Kuzma 2023-24 Player Option $13,000,000
6/21/2023 Kristaps Porzingis 2023-24 Player Option $36,016,200
6/29/2023 Jay Huff 2023-24 Qualifying Offer — Two-Way $1,774,999
6/30/2023 Jordan Goodwin 2024-25 Club Option — already $325,590 guaranteed
9/01/2023 Jordan Goodwin 2023-24 Guaranteed $963,948
10/31/2023 Corey Kispert 2024-25 Club Option $5,705,888
10/31/2023 Johnny Davis 2024-25 Club Option $5,291,160
1/10/2024 Jordan Goodwin 2023-24 Guaranteed $1,927,896
6/29/2024 Quenton Jackson 2024-25 Qualifying Offer — Two-Way $1,923,495
6/29/2024 Isaiah Todd 2024-25 Club Option $1,988,598
6/30/2024 Deni Avdija 2024-25 Qualifying Offer $8,486,620
9/01/2024 Jordan Goodwin 2024-25 Guaranteed $1,046,172
10/31/2024 Johnny Davis 2025-26 Club Option $6,746,229
1/10/2025 Jordan Goodwin 2024-25 Guaranteed $2,092,344
1/10/2025 Xavier Cooks 2024-25 Guaranteed $2,019,699
6/30/2025 Corey Kispert 2025-26 Qualifying Offer $7,976,832
6/30/2025 Xavier Cooks 2025-26 Club Option — non-guaranteed
1/10/2026 Xavier Cooks 2025-26 Guaranteed $2,187,451
6/29/2026 Johnny Davis 2026-27 Qualifying Offer $9,188,364
6/29/2026 Bradley Beal 2026-27 Player Option $57,128,610




Unsigned Draft Picks

Draft Year Player Age Position Country College
2022 Yannick Nzosa 19 C COD


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
WAS
Top-12 Protected (if not already settled with NYK)
NYK
13-30 (if not already settled, via HOU to OKC)
2025
WAS
Top-10 Protected (if not already settled with NYK)
NYK
11-30 (if not already settled, via HOU to OKC)
2026
WAS
Top-8 Protected (if not already settled with NYK)
NYK
9-30 (if not already settled, via HOU to OKC)
2027
WAS
2028
WAS
2029
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
2024
DET
Less favorable of MEM and WAS then other to MIN ((via MEM to OKC to WAS) via LAL to MEM)
2025
WAS
More favorable of GSW and WAS ((DET right to swap GSW for WAS) via BKN)
DET
More favorable of GSW and WAS ((DET right to swap GSW for WAS) via BKN)
2026
WAS    NYK
WAS pick if WAS conveys 1st to NYK by 2026; NYK pick if WAS does not convey 1st to NYK to by 2026 (via HOU to OKC)
2027
WAS    NYK
WAS pick if WAS conveys 1st to NYK by 2026; NYK pick if WAS does not convey 1st to NYK to by 2026 (via HOU to OKC)
2028
WAS
Less favorable of LAL and WAS then other to ORL (via LAL to WAS)
ORL
More favorable of LAL and WAS to ORL then other to WAS
2029
WAS
WAS