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 Denver Nuggets, 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= $71,325,201*
- Remaining Cap Room= –$1,325,201
- Amount Below Luxury Tax Line= $12,862,888*
*Note: This amount includes the $440,000 owed to Pablo Prigioni, the $815,421 owed to Joey Dorsey, the $845,059 due Nick Johnson, the $350,000 owed Kostas Papanikolaou and the $100,000 due Erick Green, all of whom were waived by the team. This amount also includes the $5,217,258 on the books for J.J. Hickson and the $3,333,115 owed to Steve Novak, both of whom agreed to buyouts with the team and were subsequently waived.
**Note: Mike Miller‘s salary for tax purposes is $1,499,187.
Cap Exceptions Available:
- Trade Exception= $135,000 (Randy Foye. Expires February 18th, 2017)
Cash Available to Send Out In Trades= $3,400,000
Cash Available to Receive Via Trade= $2,960,000
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.