An era came to an end for the Grizzlies in 2018/19, as the franchise moved on from longtime center Marc Gasol in a deadline deal. With a potential rebuild looming, Memphis now must determine whether the time is right to trade Gasol’s longtime running mate Mike Conley, or whether the veteran point guard can still be a cornerstone piece going forward.
Here’s where things currently stand for the Grizzlies financially, as we continue our Offseason Salary Cap Digest series for 2019:
- Mike Conley ($32,511,624)
- Chandler Parsons ($25,102,512)
- Kyle Anderson ($9,073,050)
- C.J. Miles ($8,730,158): Exercised player option
- Jaren Jackson ($6,927,480)
- Avery Bradley ($2,000,000) — Partial guarantee. Non-guaranteed portion noted below. 1
- Jevon Carter ($1,416,852)
- Dakari Johnson ($459,414) — Waived via stretch provision
- Ivan Rabb ($371,758) — Partial guarantee. Non-guaranteed portion noted below. 2
- Julian Washburn (two-way) 3
- Yuta Watanabe (two-way) 3
- Total: $86,592,848
- Jonas Valanciunas ($17,617,976)
- Total: $17,617,976
- Avery Bradley ($10,960,000) 1
- Bruno Caboclo ($1,845,301) 4
- Dillon Brooks ($1,618,520) 5
- Ivan Rabb ($1,246,762) 2
- Total: $15,670,583
Restricted Free Agents
- Delon Wright ($3,635,375 qualifying offer / $7,610,694 cap hold): Bird rights
- Tyler Dorsey ($1,818,486 qualifying offer / $1,818,486 cap hold): Early Bird rights
- Total: $9,429,180
Unrestricted Free Agents / Other Cap Holds
- No. 2 overall pick ($8,718,960)
- Justin Holiday ($5,700,001): Early Bird rights
- Joakim Noah ($1,618,486): Non-Bird rights
- Tyler Zeller ($1,618,486): Non-Bird rights
- Total: $13,792,773
Projected Salary Cap: $109,000,000
Projected Tax Line: $132,000,000
Offseason Cap Outlook
- Realistic cap room projection: $0
- Although the Grizzlies only have about $86.5MM in guaranteed salaries on their books, they’re unlikely to create cap room – barring cost-cutting moves – due to Valanciunas’ option and the cap hold for their first-round pick.
Cap Exceptions Available
- Trade exception: $1,544,951 (expires 7/17/19)
- Trade exception: $2,416,222 (expires 7/23/19)
- Trade exception: $8,000,000 (expires 2/7/20)
- Trade exception: $1,512,601 (expires 2/7/20)
- Mid-level exception: $9,246,000 6
- Bi-annual exception: $3,619,000 6
- Bradley’s salary becomes fully guaranteed after July 3.
- Rabb’s salary becomes fully guaranteed after July 15.
- The salaries for two-way players don’t count against a team’s cap.
- Caboclo’s salary becomes partially guaranteed ($300K) after July 10.
- Brooks’ salary becomes fully guaranteed after July 5.
- These are projected values. In the unlikely event the Grizzlies use cap room, they’d lose these exceptions (and their trade exceptions) and would instead would gain access to the $4,760,000 room exception.
Note: Minimum-salary and rookie-scale cap holds are estimates based on salary cap projections and could increase or decrease depending on where the cap lands.