With the free agent signing period winding down and teams looking ahead to the preseason, we at Hoops Rumors will be tracking the Salary Cap figures for each team around the league. These posts will be maintained throughout the season once financial data is reported. These posts will be located on the sidebar throughout the year, once all the teams’ cap figures have been relayed. You can always check RosterResource.com for up-to-date rosters for each franchise, with the Hornets’ team page accessible here.
Here’s a breakdown of where the Hornets currently stand financially:
Guaranteed Salary
- Nicolas Batum — $20,869,566
- Michael Kidd-Gilchrist — $13,000,000
- Miles Plumlee —$12,500,000
- Marvin Williams — $12,250,000
- Kemba Walker — $12,000,000
- Jeremy Lamb — $6,511,628
- Marco Belinelli — $6,333,333
- Ramon Sessions — $6,000,000
- Cody Zeller — $5,318,313
- Frank Kaminsky — $2,730,000
- Chris Andersen — $980,431 [Waived by team; actual salary — $1,551,659]
- Brian Roberts — $980,431 [Actual salary — $1,050,961]
- Christian Wood — $874,636
- Treveon Graham — $543,471
- Aaron Harrison — $375,579 [Waived by team]
- Johnny O’Bryant — $161,483
- Briante Weber — $128,623
- Mike Tobey — $75,000 [Waived by team (Oct 22)]
- Ray McCallum — $63,440 [10-day contract (Feb 13); actual salary — $65,722; contract lasted 11 days to allow for three games]
- Ray McCallum — $57,672 [10-day contract (Feb 3); actual salary — $59,747]
- Johnny O’Bryant — $57,672 [10-day contract (Feb 24)]
- Johnny O’Bryant — $57,672 [10-day contract (Mar 6)]
- Briante Weber — $51,449 [10-day contract (Feb 27)]
- Briante Weber — $51,449 [10-day contract (Mar 9)]
- Mike Tobey — $35,166 [10-day contract (Feb 13); contract lasted 11 days to allow for three games]
- Mike Tobey — $31,969 [10-day contract (Feb 3)]
Total Guaranteed Salary= $102,038,983
Cash Sent Out Via Trade: $0 [Amount Remaining $3.5MM]
Cash Received Via Trade: TBD. $250K was received from Memphis in the Troy Daniels trade. $750K was received from the Cavaliers in the Chris Andersen trade. An unknown amount was received from the Bucks in the Miles Plumlee trade. [Amount Remaining $2.5MM]
Payroll Exceptions Available
- Trade Exception — $1,666,470 (Troy Daniels trade) — Expires on 7/12/17
- Room Exception — $2,898,000
Total Projected Payroll: $102,038,983
Salary Cap: $94,143,000
Estimated Available Cap Space: –$7,895,983
Luxury Tax Threshold: $113,287,000
Amount Below Luxury Tax: $11,248,017
Last Updated: 3/20/17
The Basketball Insiders salary pages and The Vertical’s salary database were used in the creation of this post.