Salary Cap Snapshot: Charlotte Hornets

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. The next franchise we’ll be looking at are the Charlotte Hornets, who currently are over the league’s salary cap of $94,143,000 for the 2016/17 season. You can always check for up-to-date rosters for each franchise, with the Hornets’ team page accessible here.

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

Guaranteed Salary

Total Guaranteed Salary= $98,366,66

Non-Guaranteed Salary

  • Aaron Harrison — $874,636 (Becomes fully guaranteed on January 10th, 2017)
  • Andrew Andrews — $543,471 (Becomes fully guaranteed on January 10th, 2017)
  • Rasheed Sulaimon — $543,471 (Becomes fully guaranteed on January 10th, 2017)
  • Mike Tobey — $468,471 (Becomes fully guaranteed on January 10th, 2017)
  • Treveon Graham — $468,471 (Becomes fully guaranteed on January 10th, 2017)

Total Non-Guaranteed Salary= $2,898,520

Eligible for Rookie Scale Extensions: None

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

Cash Received Via Trade: TBD. An Unknown amount was received from Memphis in the Troy Daniels trade. [Amount Remaining $3.5MM]

Payroll Exceptions Available

  • Room Exception: $2,898,000
  • Trade Exception: $1,666,470 (Expires on July 12th, 2017)

Total Projected Payroll: $101,265,186

Salary Cap: $94,143,000

Estimated Available Cap Space: $7,122,186

Luxury Tax Threshold: $113,287,000

Amount Below Luxury Tax: $12,021,814

Last Updated: 9/9/16

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

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