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. 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= $102,038,983

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

Cash Received Via Trade: TBD. $250K was received from Memphis in the Troy Daniels trade$750K was received from the Cavaliers in the Chris Andersen trade. An unknown amount was received from the Bucks in the Miles Plumlee trade. [Amount Remaining $2.5MM]

Payroll Exceptions Available

  • Trade Exception — $1,666,470 (Troy Daniels trade) — Expires on 7/12/17
  • Room Exception$2,898,000

Total Projected Payroll$102,038,983

Salary Cap: $94,143,000

Estimated Available Cap Space: $7,895,983

Luxury Tax Threshold: $113,287,000

Amount Below Luxury Tax: $11,248,017

Last Updated: 3/20/17

The Basketball Insiders salary pages and The Vertical’s salary database were used in the creation of this post.

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