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. They 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 Cavs’ team page accessible here.
Here’s a breakdown of where the Cavaliers currently stand financially:
Guaranteed Salary
- LeBron James —$30,963,450
- Kevin Love —$21,165,675
- Kyrie Irving —$17,638,063 [Contract has 15% Trade Kicker]
- Tristan Thompson —$15,330,435
- J.R. Smith — $12,800,000
- Iman Shumpert —$9,662,922
- Channing Frye —$7,806,971
- Kyle Korver —$5,239,437
- Richard Jefferson —$2,500,000
- James Jones —$980,431 [Actual Salary — $1,551,659]
- Jordan McRae —$874,636 [Waived by team]
- Kay Felder —$543,471
- Deron Williams —$259,526 [Actual Salary — $410,733]
- Andrew Bogut — $242,224 [Waived by team; actual salary — $383,351]
- Derrick Williams —$230,690 [Actual salary — $268,029]
- Larry Sanders —$207,722 [Waived by team]
- Derrick Williams —$57,672 [10-day contract (Feb 9); actual salary — $67,007]
- Derrick Williams —$57,672 [10-day contract (Feb 22); actual salary — $67,007]
- Dahntay Jones —$18,255 [Waived by team (Oct 24)]
- Dahntay Jones —$5,767 [Actual salary — $9,127]
- Edy Tavares —$5,145
Total Guaranteed Salary= $126,590,164
Cash Sent Out Via Trade: $3.5MM ($200K sent to Bucks in Matthew Dellavedova trade; $1.8MM sent to Sixers in Sasha Kaun trade; $750K sent to Hawks in Kyle Korver trade; $750K sent to Hornets in Chris Andersen trade) [Amount Remaining $0]
Cash Received Via Trade: $0 [Amount Remaining $3.5MM]
Payroll Exceptions Available
- Trade Exception — $4,837,500 (Mike Dunleavy trade) — Expires on 1/7/18
- Trade Exception — $2,194,500 (Mo Williams trade) — Expires on 1/7/18
- Trade Exception — $1,333,420 (Sasha Kaun trade) — Expires on 8/15/17
- Trade Exception — $980,431 (Chris Andersen trade) — Expires on 2/13/18
- Taxpayer Mid-Level Exception — $433,529 (Used portions to sign Richard Jefferson and Kay Felder)
Total Projected Payroll: $126,590,164
Salary Cap: $94,143,000
Estimated Available Cap Space: –$32,447,164
Luxury Tax Threshold: $113,287,000
Total Projected Payroll For Tax Purposes: $126,696,581
Amount Above Luxury Tax: $13,409,581
Projected Luxury Tax Bill: $24,773,953
Last Updated: 4/15/17
The Basketball Insiders salary pages and The Vertical’s salary database were used in the creation of this post.