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.
| Player (13) | Pos. | Cap Figure | Base Salary |
Likely Incent. |
Unlikely Incent. |
Trade Bonus |
Cap Figure |
Cap % Team |
Cap % League |
Cash Remaining (Guaranteed) |
Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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
|
| 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 |
| 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. | |||||
|---|---|---|---|---|---|---|
| Quenton 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 |
|---|---|---|---|---|---|---|---|
| Ian Mahinmi | C | - | $23,175,077 | Bird | |||
| Kendrick Nunn | PG | - | $6,825,000 | Early Bird | |||
| Taj Gibson | C | - | $1,989,698 | Non-Bird | |||
| Ty Lawson | PG | - | $1,989,698 | Non-Bird | |||
| Shabazz Napier | PG | - | $1,989,698 | Early Bird | |||
| Tomas Satoransky | SG | - | $1,989,698 | Non-Bird | |||
| Ramon Sessions | PG | - | $1,989,698 | Non-Bird | |||
| Jay Huff | C | $1,774,999 | $1,774,999 | Two-Way | |||
| Johnathan Williams | PF | - | $1,774,999 | Two-Way | |||
| Cassius 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 |
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.
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 | ||||||||||||||||||||||||||||||
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WAS
Top-12 Protected (if not already settled with NYK)
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NYK
13-30 (if not already settled, via HOU to OKC)
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| 2025 | ||||||||||||||||||||||||||||||
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WAS
Top-10 Protected (if not already settled with NYK)
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NYK
11-30 (if not already settled, via HOU to OKC)
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| 2026 | ||||||||||||||||||||||||||||||
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WAS
Top-8 Protected (if not already settled with NYK)
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NYK
9-30 (if not already settled, via HOU to OKC)
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| 2027 | ||||||||||||||||||||||||||||||
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WAS
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| 2028 | ||||||||||||||||||||||||||||||
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WAS
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| 2029 | ||||||||||||||||||||||||||||||
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WAS
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| 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 | ||||||||||||||||||||||||||||||
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DET
Less favorable of MEM and WAS then other to MIN ((via MEM to OKC to WAS) via LAL to MEM)
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| 2025 | ||||||||||||||||||||||||||||||
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WAS
More favorable of GSW and WAS ((DET right to swap GSW for WAS) via BKN)
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DET
More favorable of GSW and WAS ((DET right to swap GSW for WAS) via BKN)
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| 2026 | ||||||||||||||||||||||||||||||
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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)
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| 2027 | ||||||||||||||||||||||||||||||
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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)
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| 2028 | ||||||||||||||||||||||||||||||
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WAS
Less favorable of LAL and WAS then other to ORL (via LAL to WAS)
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ORL
More favorable of LAL and WAS to ORL then other to WAS
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| 2029 | ||||||||||||||||||||||||||||||
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WAS
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WAS
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