After adding Kyrie Irving and Gordon Hayward during the 2017 offseason, the Celtics were widely viewed as one of the two favorites to come out of the East, along with the Cavaliers. Those two teams ultimately did meet in the Eastern Conference Finals, despite the fact that Irving and Hayward had long been absent due to injuries. Although Boston couldn’t get past Cleveland and no longer has cap room available, the team remains in great shape going forward, with plenty of extra draft picks in hand and its injured stars set to return in 2018/19.
Here’s where things currently stand for the Celtics financially, as we continue our Offseason Salary Cap Digest series for 2018:
Guaranteed Salary
- Gordon Hayward ($31,214,295)
- Al Horford ($28,928,710)
- Kyrie Irving ($20,099,189)
- Jayson Tatum ($6,700,800)
- Marcus Morris ($5,375,000)
- Jaylen Brown ($5,169,960)
- Terry Rozier ($3,050,390)
- Guerschon Yabusele ($2,667,600)
- Semi Ojeleye ($901,965) — Partial guarantee. Non-guaranteed portion noted below.1
- Abdel Nader ($450,000) — Partial guarantee. Non-guaranteed portion noted below.2
- Demetrius Jackson ($92,857) — Waived via stretch provision
- Total: $104,650,766
Player Options
- None
Team Options
- None
Non-Guaranteed Salary
- Daniel Theis ($1,378,242)3
- Abdel Nader ($928,242) — Partial guarantee. Guaranteed portion noted above.2
- Semi Ojeleye ($476,277) — Partial guarantee. Guaranteed portion noted above.1
- Total: $2,782,761
Restricted Free Agents
- Marcus Smart ($6,053,719 qualifying offer / $13,614,060 cap hold): Bird rights
- Jonathan Gibson ($1,699,698 qualifying offer / $1,699,698 cap hold): Non-Bird rights
- Total: $15,313,758
Unrestricted Free Agents / Other Cap Holds
- Greg Monroe ($6,000,000): Non-Bird rights
- Aron Baynes ($5,193,600): Non-Bird rights
- No. 27 overall pick ($1,640,266)
- Shane Larkin ($1,499,698): Non-Bird rights
- Total: $14,333,564
Projected Salary Cap: $101,000,000
Projected Cap Room: None
- After carrying cap room and vying for the top free agents during the last couple offseasons, the Celtics head into the summer of 2018 over the cap room. Even if they renounce all their free agents, they’d still be over the projected $101MM cap line due to their $104MM+ in guaranteed salaries. With their eight fully guaranteed contracts, plus Theis, Ojeleye, Nader, and the cap hold for their first-round pick, the Celtics’ total team salary increases to $109,073,793.
- If they don’t bring back Smart, the Celtics would have plenty of breathing room below the tax line, clearing the way for the team to use the full mid-level exception and possibly the bi-annual exception too. However, re-signing Smart for a starting salary of $10-12MM would complicate that equation.
Footnotes:
- Ojeleye’s salary becomes fully guaranteed after July 15.
- Nader’s salary becomes fully guaranteed after August 1.
- Theis’ salary becomes fully guaranteed after July 10.
Note: Rookie scale cap holds are estimates based on salary cap projections and could increase or decrease depending on where the cap lands.
Salary information from Basketball Insiders was used in the creation of this post. Photo courtesy of USA Today Sports Images.