2015/16 Salary Cap Update: Charlotte Hornets

The NBA’s salary cap for 2015/16 is set at $70MM, which is good for an 11% increase from last season, and the luxury tax line is fixed at $84.74MM. With the February 18th cutoff date for trades now past and the de facto deadline of March 1st for buyouts rapidly approaching, we at Hoops Rumors are in the process of updating the salary cap commitments for each NBA franchise for the 2015/16 campaign. Here’s the cap breakdown for the Charlotte Hornets, whose regular season roster can be viewed here:

  • 2015/16 Salary Cap= $70,000,000
  • 2015/16 Luxury Tax Line= $84,740,000
  • Fully Guaranteed Salary Commitments= $78,231,465*
  • Remaining Cap Room= $8,231,465
  • Amount Below Luxury Tax Line= $5,641,391**

*Note: This amount includes the $80K owed to Elliot Williams, who was waived.

**Note: Al Jefferson‘s salary for tax purposes is $12,886,364, Marvin Williams‘ is $6,985MM, and Tyler Hansbrough‘s is $1,185,784

Cap Exceptions Available:

  • Mid-Level Exception= $5,464,000
  • Trade Exception= $646,250  (Matt Barnes. Expires June 25th, 2016)
  • Trade Exception= $548,000 (Luke Ridnour. Expires June 25th, 2016)

Cash Available to Send Out In Trades= $3,400,000

Cash Available to Receive Via Trade= $2,857,286

Note: Despite the trade deadline having passed, the NBA season technically doesn’t end until June 30th. Teams are able to again make trades upon the completion of the regular season or when/if they are eliminated from the playoffs, whichever comes later. So these cash limits still apply.

The Basketball Insiders salary pages were used in the creation of this post.

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