Salary Cap Snapshot: Orlando Magic

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. They 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 Magic’s team page accessible here.

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

Guaranteed Salary

Total Guaranteed Salary= $104,110,256

Cash Sent Out Via Trade:  $0 [Amount Remaining $3.2MM]

Cash Received Via Trade: $75,000 from Trail Blazers as part of Shabazz Napier trade; $230,000 from Clippers as part of C.J. Wilcox trade [Amount Remaining $3,195,000]

Payroll Exceptions Available

  • Room Exception — $2,898,000
  • Trade Exception — $2,250,000 (Serge Ibaka trade) — Expires on 2/14/18

Total Projected Payroll: $104,110,256

Salary Cap: $94,143,000

Estimated Available Cap Space: $9,967,256

Luxury Tax Threshold: $113,287,000

Amount Below Luxury Tax: $9,176,744

Last Updated: 4/7/17

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

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