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2015/16 Salary Cap Update: Memphis Grizzlies

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 and the de facto deadline of March 1st for buyouts now past, 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 Memphis Grizzlies, 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= $83,093,980*
  • Remaining Cap Room= -$13,093,980
  • Amount Below Luxury Tax Line= $1,678,225**

*Note: This amount includes the $437,080 owed to Fab Melo, and the $163,297 owed to Jamaal Franklin, both of whom were waived via the stretch provision. It also includes the $4,300,000 due Mario Chalmers, the $845,059 owed James Ennis, the $845,059 due Russ Smith, the $122,238 paid to Ryan Hollins and the $6,000 owed to Patrick Christopher, all of whom were waived by the team.

**Note: Memphis’ payroll for tax purposes was reduced by $32,205 as a result of Matt Barnes‘ two-game suspension.

Cap Exceptions Available:

  • Trade Exception= $122,441 (Jon Leuer. Expires June 25, 2016)
  • Trade Exception= $450,000 (Jeff Green. Expires February 18, 2017)

Cash Available to Send Out In Trades= $2,857,286

Cash Available to Receive Via Trade= $3,400,000

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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