Under Maintenance

We deeply apologize for interrupting your reading but Vendetta is currently undergoing some important maintenance! You may experience some layout shifts, slow loading times and dififculties in navigating.

Sports Media

Which NBA teams are hard-capped for 2023-24?

NBA Hard Cap

NBA Hard Cap
(Mark J. Rebilas-USA TODAY Sports)

Which NBA teams are hard-capped for 2023-24?

We are nearly three weeks into 2023 NBA Free Agency. According to Spotrac, there have been 230 signings–including extensions–that have been worth approximately $4.36 billion dollars, including $4.08 billion in total guarantees and $3.65 billion guaranteed at signing.

There are myriad ways teams can sign free agents, but it depends on how much money a team has on its total payroll and, in very particular instances, the types of contracts it gave to players in the previous season.

Ahead of free agency, the salary cap was set at $136,021,000 with a $165,294,000 luxury tax threshold, a 10 percent raise from the $150.267 million salary cap and $172.346 million luxury tax from 2022-23.

The first tax apron, originally implemented in the 2011 CBA (set at $4M above the tax at the time), remains, and it will be set about $7.1 million ($172,346,000) above the tax for the 2023-24 season. Though in the recently-signed 2023 CBA, a second-apron–beginning $17.5 million above the tax–has been implemented.

Signing players to certain contracts will “hard cap” teams at those thresholds, meaning they cannot exceed said thresholds under any circumstance for the entire league year. Being over these dollar amounts significantly limits team-building prerogatives.

In 2023-24, for a team to trigger the first hard cap, meaning they will not be able to exceed the $172.346 million first tax apron, a team must do at least one of the following:

  • Sign a player via sign-and-trade
  • Use any portion of the $4,516,000 million bi-annual exception to sign one or more players.
  • Use greater than the taxpayer’s portion (up to two years; worth $5MM for ’23-24) of the $12,405,000 mid-level exception to sign one or more players.
  • Take back more than 110 percent of the salary it sends out in a trade (only applies to teams over the cap).

For a team to trigger the $182.794 million second hard cap, it must:

  • Use any portion of the taxpayer’s mid-level exception ($5,000,000) to sign one or more players.

Let’s go over the teams that are hard-capped at the first apron for the 2023-24 season, as of this writing:

Chicago Bulls

  • Used $6,190,476 of non-taxpayer mid-level exception to sign to Jevon Carter.

Cleveland Cavaliers

  • Used $8.8MM of NTMLE to sign Georges Niang
  • Used $2,439,025 of bi-annual exception to sign Ty Jerome
  • Acquired Max Strus via sign-and-trade for four years, $63 million

Dallas Mavericks

  • Acquired Williams via sign-and-trade
  • Used $7MM of NTMLE to sign Seth Curry ($4MM) and Dante Exum ($3MM)

Houston Rockets

  • Acquired Dillon Brooks via sign-and-trade for four years, $86 million

Los Angeles Lakers

Minnesota Timberwolves

New Orleans Pelicans

  • Used $1,801,769 of MLE to sign E.J. Liddell, but signed to a four-year deal (TPMLE only goes up to two years)

New York Knicks

Oklahoma City Thunder

  • Took back more than 110 percent of outgoing salary ($1.1MM) for Patty Mills ($6,802,950)

Toronto Raptors

The Denver Nuggets are currently the only team hard-capped at the second apron, using their full tax-payer mid-level exception to sign Reggie Jackson.

***

Subscribe to Vendetta’s Twitch

Subscribe to Vendetta’s YouTube

Check out the Vendetta Shop

Click here for more NBA content

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Popular Past Stories

recommended stories

Wayne Rooney

Wayne Rooney: You Have To Build Around Bruno Fernandes

Wayne Rooney: You Have To Build Around Bruno Fernandes Former Manchester United striker and club legend Wayne Rooney gives his…

Read More
UFC Vegas 92 Preview Bets

UFC Vegas 92 Best Bets

UFC Vegas 92 Best Bets UFC Vegas 92 is not a great night of fights. The main event provides a…

Read More
Trae Young

Report: Spurs have ‘little interest’ in acquiring Trae Young

Report: Spurs have ‘little interest’ in acquiring Trae Young The Atlanta Hawks won the 2024 NBA Draft Lottery on Sunday,…

Read More
Tom Aspinall UFC 304

Tom Aspinall, Curtis Blaydes Interim Title Fight Set For UFC 304

Tom Aspinall, Curtis Blaydes Interim Title Fight Set For UFC 304 Tom Aspinall is set to defend the interim heavyweight…

Read More