NBA
Which NBA Teams Have The Most Cap Space In 2023?
James is a Basketball Insiders contributor. He earned his bachelor's degree in English and Creative Writing at Southern New Hampshire University. James enjoys watching sports and helping gamblers win money.
All posts by James FoglioUpdated20 hours ago on April 27, 2024
Here are the NBA teams that have the most cap space entering the 2023-24 season. The league’s salary cap is projected to reach $136 million, with a $165 million luxury tax.
In the 2022-23 season, each team signed players and made trades while operating under a salary cap of $123 million. Check out which NBA teams hold the most cap space as of October 2023.
5.) Indiana Pacers: -$3.54 million
Indiana had $32.15 million available to spend this offseason. At the moment, the Pacers are $3.54 million over the mark. Indiana’s total cap for the 2023-24 season is $139.56 million.
However, the Eastern Conference club is still in better shape than 25 other teams. In July, Tyrese Haliburton re-signed on a five-year, $205.9 million contract extension.
Other players signed include Jarace Walker (four years, $27.57 million) and Ben Sheppard (four years, $13.02 million). Plus, Bruce Brown Jr. (two years, $45 million) as well. Brown, 27, won an NBA championship with Nikola Jokic and the Denver Nuggets last season.
4.) Orlando Magic: -$3.33 million
Next, the Orlando Magic are over by $3.33 million. Orlando’s total cap is $139.35 million for the 2023-24 season. As a matter of fact, the Magic are just one of the few NBA teams with a bright future ahead, based on young talent alone.
Markelle Fultz is the highest-paid player on the Magic, with an estimated salary of $17 million for this upcoming season. Although Jonathan Isaac has a $17.4 million salary, this amount is only partially guaranteed.
The second-highest paid player is Wendell Carter Jr., who is set to earn $13.05 million in 2023-24. In July, the Magic signed Anthony Black (four years, $32.92 million) and Jett Howard (four years, $23.17 million). Joe Ingles (two years, $22 million) and Moritz Wagner (two years, $16 million) also inked deals.
3.) San Antonio Spurs: -$2.98 million
Additionally, the San Antonio Spurs held a budget of $37.47 million at the beginning of the 2023 offseason. As of October, the Spurs hold -$2.98 million in cap space. San Antonio’s total cap is almost $139.01 million. Keldon Johnson is the highest-paid player on the team, with a 2023-24 salary of $20 million.
The second-highest paid player is Doug McDermott. Likewise, No. 1 overall pick Victor Wembanyama is projected to make $12.16 million during his rookie season.
During the offseason, San Antonio reached deals with Julian Champagnie (four years, $12 million) and Tre Jones (two years, $19 million). Also, Sandro Mamukelashvili (one year, $2.02 million) and Sidy Cissoko (three years, $5.23 million).
On Oct. 3, the Spurs also inked Devin Vassell to a five-year, $135 million extension. The deal includes $11 million in incentives, bringing the max value to $146 million.
2.) Utah Jazz: $41,629
Furthermore, the Utah Jazz entered the 2023 offseason with $43.92 million in cap space. Now, they have $41,629 in cap space. The Western Conference team is only one of two teams that holds a positive net value cap-wise.
Utah’s total cap for 2023-24 is $135.97 million. John Collins is the highest-paid player on Jazz, with a 2023-24 salary of $25.34 million. The second-highest paid player is Jordan Clarkson, who is set to make $23.48 million this season.
Players to sign deals with offseason include Taylor Hendricks (four years, $25.35 million) and Keyonte George (four years, $18.82 million). Not to mention, Brice Sensabaugh (four years, $12.58 million) and Omer Yurtseven (two years, $5.45 million).
1.) Detroit Pistons: $314,985
Lastly, the Detroit Pistons held $27.81 million in cap space going into the 2023 offseason. After a series of trades and signings, Detroit now leads all other NBA teams in available cap, with a total of $314,985.
Does this mean the Pistons have the best-assembled roster? Not necessarily. Nevertheless, Detroit brass understands how to work around numbers.
Bojan Bogdanovic is the highest-paid Pistons player, with a 2023-24 salary of $20 million. Joe Harris is the second-highest paid player for this season, at $19.92 million.
Ausar Thompson (four years, $36.25 million), Marcus Sasser (four years, $13.46 million), and Isaiah Stewart (four years, $60 million) inked deals this offseason.
NBA team salary cap space entering 2023-24 season
NBA Team |
Salary Cap Space |
Total Cap |
|---|---|---|
| Detroit Pistons | $314,985 | $135,706,015 |
| Utah Jazz | $41,629 | $135,979,371 |
| San Antonio Spurs | -$2,985,389 | $139,006,389 |
| Orlando Magic | -$3,334,784 | $139,355,784 |
| Indiana Pacers | -$3,547,590 | $139,568,590 |
| Charlotte Hornets | -$4,785,141 | $140,806,141 |
| Houston Rockets | -$7,231,009 | $143,252,009 |
| Sacramento Kings | -$10,270,051 | $146,291,051 |
| Memphis Grizzlies | -$17,641,366 | $153,662,366 |
| Oklahoma City Thunder | -$20,835,564 | $156,856,564 |
| Atlanta Hawks | -$21,386,622 | $157,407,622 |
| New York Knicks | -$26,336,756 | $162,357,756 |
| Brooklyn Nets | -$29,816,800 | $165,837,800 |
| Toronto Raptors | -$30,123,199 | $166,144,199 |
| Chicago Bulls | -$33,313,876 | $169,334,876 |
| Portland Trail Blazers | -$34,996,314 | $171,017,314 |
| Dallas Mavericks | -$36,501,215 | $172,522,215 |
| Cleveland Cavaliers | -$38,183,524 | $174,204,524 |
| Los Angeles Lakers | -$44,458,335 | $180,479,335 |
| New Orleans Pelicans | -$44,498,100 | $180,519,100 |
| Washington Wizards | -$45,779,750 | $181,800,750 |
| Miami Heat | -$48,283,572 | $184,304,572 |
| Boston Celtics | -$49,261,252 | $185,282,252 |
| Milwaukee Bucks | -$53,622,786 | $189,643,786 |
| Denver Nuggets | -$55,872,585 | $191,893,585 |
| Los Angeles Clippers | -$58,297,437 | $194,318,437 |
| Philadelphia 76ers | -$61,677,463 | $197,698,463 |
| Phoenix Suns | -$62,056,355 | $198,077,355 |
| Minnesota Timberwolves | -$77,710,032 | $213,731,032 |
| Golden State Warriors | -$89,352,985 | $225,373,985 |
NBA Betting Content You May Like
- Best NBA Betting Sites – Discover our List of The Best Sites to Bet on NBA Teams and Games.
- Best NBA Betting Apps – Top Betting Apps for NBA Ranked & Reviewed 2023.
- NBA Finals Betting – In-depth Guide for Betting on NBA Finals 2023.
- Best NBA Betting Strategies – Find the Best NBA Betting Strategy with our Expert Guide 2023.
- Free NBA Betting Picks – Discover Expert NBA Picks for Guaranteed Wins.
- NBA Betting Spreads – Learn to Bet on NBA Spreads & Claim up to $1,000 in Bonuses.
- NBA Draft Betting Guide – Best Odds, Picks and Betting Offers for 2023.
- Best NBA Futures Bets – In-depth Guide for NBA Futures Betting.
- NBA Live Betting Guide – Discover the Best NBA Live Betting Sites for 2023.
