Salary Cap Snapshot: Chicago Bulls

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 Bulls’ team page accessible here.

Here’s a breakdown of where the Bulls currently stand financially:

Guaranteed Salary

• Dwyane Wade — $23,200,000
• Jimmy Butler — $17,552,209 (Contract includes 5% Trade Kicker)
• Rajon Rondo — $14,000,000
• Robin Lopez — $13,219,250
• Nikola Mirotic — $5,782,450 (Contract includes 15% Trade Kicker)
• Anthony Morrow —$3,488,000
• Michael Carter-Williams —$3,183,526
• Cameron Payne —$2,112,480
• Denzel Valentine — $2,092,200
• Joffrey Lauvergne —$1,709,719
• Jerian Grant — $1,643,040
• Bobby Portis — $1,453,680
• Isaiah Canaan — $1,015,696
• Cristiano Felicio — $874,636
• Paul Zipser — $750,000
• R.J. Hunter — $425,000 [Waived by team]
  
• Thomas Walkup — $69,500 [Waived by team]

Total Guaranteed Salary= $92,551,106

Cash Sent Out Via Trade: $0 [Amount Remaining $3.5MM]

Cash Received Via Trade: $0 [Amount Remaining $3.5MM]

Payroll Exceptions Available

• Trade Exception — $5,462,000 (Taj Gibson trade) — Expires on 7/12/17
• Room Exception — $2,898,000

Total Projected Payroll: $92,551,106

Salary Cap: $94,143,000

Estimated Available Cap Space: $1,591,894
(Note: team would have to renounce trade exception to use cap space)

Luxury Tax Threshold: $113,287,000

Amount Below Luxury Tax: $20,735,894

Last Update: 2/24/17

The Basketball Insiders salary pages and The Vertical’s salary database were used in the creation of this post.