Washington Wizards

Washington Wizards 2022-23 Salary Cap

Wizards 2022-23 Salary Cap

An updated look at the Washington Wizards 2022 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

Wizards – The Athletic

2022 NBA Offseason Financial Previews
Keith Smith breaks down the upcoming offseason for each 2022-23 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 (10) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap Figure Cap % Cash Remaining
(Guaranteed)
Notes
Porzingis Kristaps Porzingis PF $33,833,400 $33,833,400 - - - $33,833,400 17.90 $69,849,600
($33,833,400)
Acquired via Trade
Caldwell-Pope Kentavious Caldwell-Pope SG $14,004,703 $14,004,703 - - - $14,004,703 7.41 $14,004,703
($4,888,118)
Acquired via Trade
G'teed: $4,888,118
Kuzma Kyle Kuzma PF $13,000,000 $13,000,000 - - - $13,000,000 6.88 $26,000,000
($26,000,000)
Acquired via Trade
Hachimura Rui Hachimura PF $6,263,188 $6,263,188 - - - $6,263,188 3.31 $6,263,188
($6,263,188)
Drafted / Rookie Scale
Avdija Deni Avdija SF $4,916,160 $4,916,160 - - - $4,916,160 2.60 $11,179,348
($4,916,160)
Drafted / Rookie Scale
Smith Ishmael Smith PG $4,725,000 $4,725,000 - - - $4,725,000 2.50 $4,725,000
($0)
Acquired via Trade
G'teed: $0
Kispert Corey Kispert SF $3,552,840 $3,552,840 - - - $3,552,840 1.88 $12,980,768
($3,552,960)
Drafted / Rookie Scale
G'teed: $3,552,960
Gafford Daniel Gafford PF $1,930,681 $1,930,681 - - - $1,930,681 1.02 $42,113,161
($42,113,161)
Acquired via Trade
Carey Jr. Vernon Carey Jr. C $1,782,621 $1,782,621 - - - $1,782,621 0.94 $3,713,302
($1,782,621)
Acquired via Trade
Todd Isaiah Todd PF $1,563,518 $1,563,518 - - - $1,563,518 0.83 $5,388,212
($3,399,614)
Drafted / NT-MLE


2022-23 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 Allocations.

Player (1) Pos.
SchakelJordan Schakel SF          


2022-23 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 (13) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
BealBradley Beal SG - $40,525,100 Bird
MahinmiIan Mahinmi C - $23,175,077 Bird
BryantThomas Bryant C - $16,466,667 Bird
DavisJohnny Davis SG $4,746,000 $4,746,000
RobinsonJustin Robinson PG $2,228,276 $2,228,276 Restricted Bird
GillAnthony Gill PF $2,011,516 $2,011,516 Restricted Early Bird
WinstonCassius Winston PG $1,811,516 $1,811,516 Two-Way
LawsonTy Lawson PG - $1,811,516 Non-Bird
NapierShabazz Napier PG - $1,811,516 Early Bird
SessionsRamon Sessions PG - $1,811,516 Non-Bird
SatoranskyTomas Satoransky SG - $1,796,667 Non-Bird
NetoRaul Neto PG - $1,766,970 Early Bird
WilliamsJohnathan Williams PF - $1,616,044 Two-Way
Incomplete Roster Charge 2 spots 2 spots       $1,906,024  


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 ($155,196,200) 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 ($155,196,200), 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 Amount (Remaining) Reason/Notes Expire Date
Non-Taxpayer Mid-Level Exception $10,264,000
($10,264,000)
Bi-Annual Exception $4,017,000
($4,017,000)
Trade Exception $3,980,551
($3,980,551)
Aaron Holiday trade with PHX 02/10/2023
Trade Exception $5,220,900
($5,220,900)
Montrezl Harrell trade with CHA 02/10/2023


2022-23 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
2022 NBA Luxury Tax Threshold $149,000,000
Total Taxable Salaries $85,572,111
Current Luxury Tax Space $63,427,889


2022-23 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 $85,572,111
Cap Holds $103,484,405
Total Cap Allocations $189,056,516
Salary Cap Maximum
2022 NBA Salary Cap Max $122,000,000
Current Cap Space $-67,056,516
Salary Cap Floor
2022 NBA Salary Cap Floor $109,800,000
Current Floor Space $24,227,889
 

2022-23 Practical Cap Space

Available Practical Cap Space: $-4,241,140 — $46,457,426

$-4,241,140
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.

$46,457,426
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
2022-23
07/01/2022 Ishmael Smith Guaranteed $4,725,000
10/31/2022 Corey Kispert 2023-24 Club Option $3,722,040
10/31/2022 Deni Avdija 2023-24 Club Option $6,263,188
06/29/2023 Vernon Carey Jr. 2023-24 Club Option $1,930,681
06/29/2023 Kristaps Porzingis 2023-24 Player Option $36,016,200
06/30/2023 Jordan Schakel 2023-24 Qualifying Offer $1,682,275
06/30/2023 Rui Hachimura 2023-24 Qualifying Offer $8,486,620
2023-24
07/01/2023 Kyle Kuzma Player Option $13,000,000
07/01/2023 Spencer Dinwiddie Guaranteed $18,857,143
10/31/2023 Corey Kispert 2024-25 Club Option $5,705,888
06/29/2024 Isaiah Todd 2024-25 Club Option $1,988,598
06/30/2024 Deni Avdija 2024-25 Qualifying Offer $8,486,620
2024-25
06/30/2025 Corey Kispert 2025-26 Qualifying Offer $7,976,832