Chicago Bulls Cap Sheet for 2018 Off-Season

Players Cap Hit Explanation
  2018-19  
     
Robin Lopez 14,357,750  
Omer Asik 11,286,516  
Cristiano Felicio 8,470,980  
Justin Holiday 4,384,615  
Kris Dunn 4,221,000  
Lauri Markkanen 4,536,120  
Noah Vonleh 10,515,699 Cap Hold (RFA)
Zach Lavine 9,606,654 Cap Hold (RFA)
Cameron Payne 3,263,294  
Sean Kilpatrick 2,054,856 Fully Non Guaranteed
Denzel Valentine 2,280,600  
Jerian Grant 2,639,314  
Bobby Portis 2,494,346  
David Nwaba 1,699,698 Cap Hold (RFA)
Paul Zisper 1,544,951 fully guaranteed on 7/19/18
Antonio Blakeney Two-Way  
Ryan Arcidiacono 1,337,872 Cap Hold (RFA)
     
Roster Size  15 (16)  15 player under contract or with cap hold + (1 two-way player)
     
Exceptions  * see note below to see which exception Bulls will have  
Mid Level 8,567,000 Projection
Mini Mid Level 5,291,000  projection
Bi Annual 3,353,000 Projection
Room 4,410,232 Projection
     
Trade Exceptions    
Nikola Mirotic 12,500,000 Expires 2/1/2019
Jameer Nelson 1,429,818 Expires 2/8/2019
Jimmy Butler 861,893 Expires 6/22/18
     
Projected Draft Pick 3,669,400 7th overall
  1,645,400 22nd projection
     
IRC **see note below to understand IRC 1,662,622 For Max Space
     
     
Team Salary 116,720,776  Current Team Salary w/ Exceptions
w/o Exceptions 90,009,065  Current Team Salary w/o Exceptions
  76,610,543  *** see note below 
  59,597,157 Guaranteed Salary +IRC
Salary Cap 101,000,000 Projection
Cap Room -15,720,776 current w/ exceptions
w/o Exceptions 10,990,935 current w/o exceptions
  24,389,457 Likely
  41,402,843 Max Space ****see note below
Luxury Tax 121,000,000 Projection
Tax Room ****  
Tax Hit ****  
Minimum Salary ****  
Team Salary for Minimum ****  
Away From Minimum ****  

* As of now, the Bulls will have the MLE and Bi-Annual Exception available. But if the Bulls want to create cap space, they would have to renounce these exceptions along with their traded player exceptions. If that happens, the Bulls will then be able to use the room exception.

** IRC stands for “incomplete roster charge”. Teams are charged the rookie minimum every spot they go below 12 players under contract. For example, for the Bulls to create max space they would only have 10 players under contract. If that happens, then the Bulls must be charged rookie minimum (831,311) 2 times. The charges go away once each spot is filled.

*** This team salary numbers excludes Vonleh and Arcidiacono’s cap hold. Also excludes Zipser’s non-guaranteed contract. It also excludes Bulls’ exceptions. If the Bulls want to create cap space, I see this as likely.

**** This is the max space the Bulls can create without trade or stretching a player. For this to happen Bulls must renounce all cap holds, waive all non-guaranteed contracts, and trade draft picks away for future picks. This scenario is unlikely.

Which Teams Have the Cap Flexibility to Make Lavine a Serious Offer?

Chicago Bulls guard Zach Lavine will become a free agent July 1st, 2018. The Bulls can make Zach Lavine a restricted free agent, which is all but expected by offering him the qualifying offer by June 29, 2018. Restricted free agent basically means if Zach signs another contract with another team, the Chicago Bulls will have two days to match that contract and retain him. The Bulls are expected to resign Lavine, but John Paxson has also made it clear “the market dictates a lot on how things go”. Translation the Bulls will likely see what others are offering, and make an offer based around his market.  The 2018 market will be rather dry, as many teams will be over the salary cap. To offer Zach Lavine a max contract, teams will need to have about 25 million in cap space. Let’s take a look at all 29 teams and see if they have the cap space to make a significant offer.

(Teams are in alphabetical order)

1) Atlanta Hawks

Hawks 2018 Off-Season Cap Sheet

Projected Cap Space: About 25 million

Max Space: About 40 million

Atlanta will be one of the few teams with the ability to open max space for Lavine this summer, but I’m not sure how much it makes sense for Atlanta to pursue Lavine at this point in their rebuild. If they like Lavine the option is there to make a significant offer for Lavine, but I would guess this is not a route they want to go at the moment.

 

2) Boston Celtics

Celtics 2018 Off-Season Cap Sheet

Projected Cap Space: about -29 million

Max Space: about -6 million

Boston is a team that will be over the cap and likely wouldn’t be interested in Lavine anyway. 

3) Brooklyn Nets

Brooklyn 2018 Off-Season Cap Sheet

Projected Cap Space: about 11 million

Max Space: about 16 million 

Brooklyn can open cap space this off-season, but at this point can only open up to about 16 million. They could however stretch someone like Mozgov or Carroll and clear about 10 million in space, and that would be enough to offer up to Lavine’s max. The Nets a team depending on how they want to go about their rebuild is another team who has the flexibility to make Lavine an offer.  

4) Charlotte Hornets

2018 Hornets Off-Season Cap Sheet

Projected Cap Space: about -22 million

Max Space: about -17 million 

Charlotte won’t have cap space this off-season. Unlikely to have any interest in Lavine.

5) Cleveland Cavaliers

Cavaliers 2018 Off-Season Cap Sheet

Projected Cap Space: about -40 million

Max Space: about -4 million

Cleveland a team that will be over the cap, with or without LeBron. Cleveland unlikely to be interested in Lavine.

6) Dallas Mavericks

Dallas 2018 Off-Season Cap Sheet

Projected Cap Space: about 26 million

Max Space: about 35 million

Dallas is a team that has cap flexibility this off-season. Cuban has said he wants to win next season, and besides last off-season has always tried to make big splashes in free agency. I assume Dallas will be a busy team this off-season, and I could possibly see them showing interest in offering Lavine a contract. 

7) Denver Nuggets

Nuggets 2018 Off-Season Cap Sheet

Projected Cap Space: about -17 million

Max Cap Space: about 12 million

Denver has no need for Lavine, along little cap flexibility. And if Jokic and Barton get extensions, a team that will have luxury tax issues. Denver won’t have interest in Lavine. 

8) Detroit Pistons

Pistons 2018 Off-Season Cap Sheet

Projected Cap Space: about -20 million

Max Cap Space:  about -14 million

Detroit a team that will be over the cap. Little flexibility here.

9) Golden State Warriors

Warriors 2018 Off-Season Cap Sheet

Projected Cap Space: about -32 million

Max Cap Space: about -6 million

Warriors clearly won’t have serious interest in Lavine.

10) Houston Rockets

Rockets 2018 Off-Season Cap Sheet

Projected Cap Space: about -36 million

Max Space: about 17 million

Houston can open up space but it’s unlikely. It would require them renouncing their rights to Chris Paul and players like Capela, which they would then lose their bird rights. Also no need for Lavine. Not a team that will be interested. 

11) Indiana Pacers

Cap Sheet coming soon…

Projected Cap Space: about 38 million

Max Cap Space: about 55 million 

Indiana a rare team that can open up a ton of cap space this off-season. Luckily for the Bulls they have Oladipo which makes Lavine somewhat unnecessary. But Indiana is a team looking to stay competitive. They barely have any salary commitments beyond next season. A team that could look to use space now because of their flexibility moving forward. Which makes them offering Lavine a contract,a possibility. But a team I see being more interested in players like Aaron Gordon and Jabari Parker. 

12) Los Angeles Clippers

Cap Sheet coming soon…

Projected Cap Space: about 23 million (Jordan opting out is necessary for this)

Max Cap Space: about 40 million 

The Clippers are an interesting situation. The ability to have space is there, but so much will rely on DeAndre Jordan and Austin Rivers’ player options. Mainly Jordan’s option. If he opts in the space will no longer be there. But also if opts in so he can be traded(similar to Chris Paul last off-season), then Clippers are likely taking back additional salary. Only way for space to be there is if Jordan opts out. Until those situations are figured out, Lavine isn’t really an option here. But if those players opt out, then the Clippers could be a team that could show interest in Lavine. The flexibility is there but it’s out of the Clippers’ control.

13) Los Angeles Lakers 

Cap Sheet coming soon…

Projected Cap Space: about 47-60 million

Max Cap Space: about 60 million

The Lakers will have the most cap flexibility this summer. It is known their targets are LeBron and Paul George. Magic Johnson has said if Lakers do miss on top targets this 2018 off-season, they will preserve space for 2019. Not sure who else they consider a top target, but if the Lakers want to offer Lavine a contract they easily could. At this point it just depends on how high Magic Johnson value’s Lavine. If Magic believes in Lavine, this is a team that could make things interesting for the Bulls and offer him up to his max easily.

14) Memphis Grizzlies 

Cap Sheet coming soon….

Projected Cap Space: about -13 million

Max Cap Space: about -2 million

Memphis has little cap flexibility. A team that will likely not be a factor in Lavine. 

15) Miami Heat 

Cap Sheet coming soon,

Projected Cap Space: about -19 million

Max Cap Space: about -18 million

Miami has no cap flexibility and close to being in the tax. Unlikely. 

16) Milwaukee Bucks

Cap Sheet coming soon…

Projected Cap Space: about -20 million

Max Cap Space: about 2 million

Milwaukee has little cap flexibility, unlikely. 

17) Minnesota Timberwolves

Cap Sheet coming soon…

Projected Cap Space: about -20 million

Max Cap Space: about -12 million

Minnesota will have no cap flexibility, unlikely..

18) New Orleans Pelicans

Cap Sheet coming soon…

Projected Cap Space: about -27 million

Max Cap Space: about 3 million

New Orleans will have little cap flexibility, unlikely.

19) New York Knicks

Cap Sheet coming soon….

Projected Cap Space: about -3 million

Max Cap Space: about 31 million

New York a team that could have about 31 million in space, but that heavily relies on Enes Kanter declining his player option worth 18 million. I think that is unlikely, however even if he does with Hardway not sure where Lavine fits. 

20) Oklahoma City Thunder

Cap Sheet coming soon…

Projected Cap Space: about -18 million 

Max Space: about 9 million

The Thunder could have cap space, but what it would take for that to happen is unlikely. Which is Melo opting out and the Thunder not retaining George. Losing George is likely but not Melo leaving. At this point, the Thunder will not have space to offer Lavine a contract. 

21) Orlando Magic

Cap Sheet coming soon..

Projected Cap Space: about 500,000

Max Space: about 20 million

The Magic can have cap flexibility if they decide not to bring Aaron Gordon back, which could happen. I’m not sure they would be interested in Lavine at that point, but the flexibility to make an offer would be there. 

22) Philadelphia 76ers

Cap Sheet coming soon..

Max Space: about 30 million 

Philadelphia can technically open max space for Lavine this off-season. It requires them renouncing their rights to JJ Reddick mainly, which would clear his 27.6 million cap hold. Philadelphia wouldn’t likely do that until necessary, but Philadelphia does have flexibility this off-season to create max space. 

23) Phoenix Suns

Cap Sheet Coming Soon..

Projected Cap Space: about 19 million

Max Space: about 28 million

Phoenix has cap flexibility moving forward, but with Devin Booker it is unclear if they would be interested in Lavine. If they are interested they can make a significant offer, but I think for now there is no interest. 

24) Portland Trail Blazers

Cap Sheet coming soon…

Projected Cap Space: about -31 million

Max Space: about -13 million

Portland is way over the cap, unlikely. 

25) Sacramento Kings

Cap Sheet coming soon..

Projected Cap Space: about 20 million

Max Space: about 32 million

Sacramento a team with cap flexibility this summer. A team that could show interest in Lavine depending on their interest in him. I think one of the few teams Chicago could have to worry about. 

26) San Antonio Spurs

Cap Sheet Coming Soon

Projected Cap Space: about 250,000

Max Space: about 18 million

San Antonio can have significant cap space, but it requires Danny Green and Rudy Gay opting out of their player options. I would assume for now that won’t happen, maybe Gay, but if it did then San Antonio could be an option. I would say unlikely at this point though.

27) Toronto Raptors

Cap Sheet coming soon..

Projected Cap Space: about -26 million

Max Space: about -26 million

Toronto will be way over the cap, unlikely. 

28) Utah Jazz

Cap Sheet coming soon 

Projected Cap Space: about 6 million

Max Space: about 22 million

Utah will have cap flexibility this summer. It mainly depends on how they want to handle Dante Exum’s restricted free agency, and his 15 million dollar cap hold. Same with Favors and his 18 million dollar cap hold. But point being Utah can open space for Lavine if they wanted. With Mitchell not sure where he fits though. I say unlikely. 

29) Washington Wizards

Cap Sheet Coming Soon

Projected Cap Space: about -27 million

Max Space: about -17 million

Washington is way over the cap, unlikely. 

 

 

 

 

 

 

 

 

 

 

 

 

My One and Only Reason Bulls Trading for Melo Could Make Sense

Carmelo Anthony has made one thing clear this off-season, and that is he wants no part of coming off the bench. Melo during his exit interview said the following, “Yeah, I’m not sacrificing no bench role. So, that’s out of the question.” Anthony has an ETO for the 2018-19 season worth 27,928,140, which pretty much means he can opt out of his contract if he wants. But it’s widely believed Anthony wouldn’t risk losing most of his money, because there is a high possibility he doesn’t even come close to half of that in the 2018 free agent market. Reportedly if Melo is staying, OKC would ideally like to move Melo in a trade. Which could not only help their tax bill next season, but help save money and help them retain Paul George. But because Melo has a no trade clause and is making so much money next season, that will not be an easy task. But there is a scenario where Melo could make all his money, and still become a free agent. That’s where the Chicago Bulls come in.

Why would the Bulls want to trade for Melo? Well in most cases, they wouldn’t nor should. Melo on the decline and at this point of his career would probably do more harm than good for the young Bulls team. Also why would Melo even accept a trade to the Bulls? First let’s cover why the Bulls should consider trading for Melo. And it relies on one thing, the Thunder taking Cristiano Felicio.

The 4 years 32 million contract the Bulls gave Felicio last off-season was a mistake, and I’m sure they would admit that publicly if it made sense too. He has an average cap hit of 8,000,000 that hurts the Bulls cap space unnecessarily in the upcoming off-seasons, mainly because he produces at a below average level. If I was the Bulls I would give OKC a call and offer to take Carmelo Anthony off their hands if they are willing to take back Crisitiano Felicio and someone like Jerian Grant. A move like that for OKC would not only save them 17 million in team salary but could save even more in taxes next season. And would make it easier for them financially to justify keeping Paul George. But why would Melo agree to a trade to the Bulls?

Well there would be no intention on keeping Melo if you are the Bulls. You would waive Melo immediately and just eat the money, try to work a buy out first but not a big deal if he doesn’t agree. The idea is you are paying 27 million(Melo’s salary) now, to rid yourself of Felicio but mainly his cap hit in 2019-20 and 2020-21. The sell to Melo would be you still get your 27 million, but also get to go wherever you want via free agency. That would be why he would accept the trade to Chicago. The Bulls could also throw in Grant and Holiday(expiring contracts) if they wanted to ease some of the “dead” money they are creating by waiving Melo.

The trade itself would leave the Bulls with little cap space in 2018, but leave them with about 8 million more in 2019 and 2020 because they traded Felicio. Which arguably is when the Bulls were going to use space anyways because they should be a better more appealing team moving forward. Because of that I do believe trading for Melo could make sense for all 3 parties involved.

 

 

Houston Rockets 2018 Off-Season Numbers Breakdown

PLAYERS CAP HIT Explanation
  2018-19  
     
James Harden  30,421,854  
Chris Paul  35,350,000 Cap Hold
Ryan Anderson 20,421,546  
Trevor Ariza 14,099,733 Cap Hold
Eric Gordon 13,500,375  
PJ Tucker 7,969,537  
Clint Capela 7,003,614 Cap Hold (RFA)
Nene Hilario 3,651,480  
Tarik Black 3,948,000 Cap Hold
Luc Richard Mbah a Moute 1,499,698 Cap Hold
Chinanu Onuaku 1,544,951  
Gerald Green  1,499,698 Cap Hold
Zhou Qi 1,378,242 fully non (G)
Joe Johnson 1,499,698 Cap Hold
Tim Quarterman 1,544,951 Waived
Aaron Jackson 1,537,872 Cap Hold (RFA)
RJ Hunter 1,337,872 Cap Hold (RFA)
Markel Brown 1,337,872 Cap Hold (RFA)
     
Roster Size    
     
Exceptions    
Non-Tax Paying MLE 8,567,000 Projection
Tax Paying 5,291,000 (likely)  Projection
Bi-Annual 3,353,000 Projection
Room 4,410,232 Projection 
     
Trade Exceptons    
     
Projected Draft Pick 831,311 2nd round min
     
IRC *see note below 4,987,866 For max space
     
Team Salary 150,378,304  current
  136,339,352  **see note below
w/o Exceptions 84,042,560 guaranteed + IRC
Salary Cap 101,000,000 projection
Cap Room -49,378,304 current
  -35,339,352 likely
w/o Exceptions 16,957,440 max space ***see note below
Luxury Tax 121,000,000  projection
Tax Room ****  
Tax Hit ****  
Minimum Salary ****  
Team Salary for Minimum ****  
Away From Minimum ****  

*IRC stands for “incomplete roster charge”. This happens when teams fall below 12 players under contract. For every spot under 12, a team is charged the rookie minimum. For Houston to create max space they would have 6 players under contract, therefor would be charged the rookie minimum 831,311 6 times.

**This team salary number includes all guaranteed salaries, Paul, Ariza and Capela’s cap hold, and projected draft pick salary. I project this as likely.

***For max space Houston would have to renounce all holds and non-guaranteed contracts. Very unlikely.

The Bulls GM NBA Transaction Log

5/13/18

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Tyler Cavanaugh has cleared waivers and is now an unrestricted free agent. Tyler was waived by Atlanta 5/11/18. 

5/11/18

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The Philadelphia 76ers have accepted guard TJ McConnell’s team option worth 1,600,520 for the 2018-19 season. McConnell’s contract is still non-guaranteed, and won’t guarantee until 1/10/19. For now, Philadelphia has a guaranteed salary of 67,392,247 which does not include 2018 draft picks likely salary. Cap sheet for Philadelphia will be available soon. 

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The Atlanta Hawks have requested waivers on forward Tyler Cavanaugh. Tyler had a non-guaranteed contract for the 2018-19 season worth 1,378,242, the Hawks will now clear that cap hit by placing Tyler on waivers. Tyler will clear waivers 5/13/18. Atlanta’s guaranteed salary will remain at 56,232,915, which does not include draft pick salaries. Atlanta’s 2018 Off-Season Cap Sheet Updated

5/10/18

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Oklahoma City Thunder forward/center Nick Collison has retired from the NBA. 

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The Miami Heat have declined forward Jordan Mickey’s team option worth 1,600,520 for the 2018-19 season. Miami clearly looking to save money and get under tax line as much as possible. Jordan will now be an unrestricted free agent. Miami now has 117,439,699 in guaranteed salary, which does not include any 2018 draft pick salaries. Cap Sheet will be available soon. 

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Sacramento Kings’ center Kosta Koufos has exercised his 2018-19 player option worth 8,739,500. Sacramento now has 68,412,113 in guaranteed salary, that does not include 2018 draft pick salaries. Cap sheet for Sacramento will be available soon. 

5/2/18

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Minnesota Timberwolves’ guard Jamal Crawford has declined his 2018-19 player option worth 4,544,400. Minnesota now has 110,233,979 in guaranteed salary, that does not include 2018 draft pick salaries. Cap sheet for Minnesota will be available soon.

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Indiana Pacers’ guard Corey Joseph has accepted his 2018-19 player option worth 7,945,000. Indiana now has 47,818,044 in guaranteed salary, that does not include 2018 draft picks’ salaries. Cap sheet for Indiana will be available soon. 

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Los Angeles Clippers’ forward Wesley Johnson has accepted his 2018-19 player option worth 6,134,520. Los Angeles now has 63,940,721 in guaranteed salary, that does not include 2018 draft picks’ likely salary. Cap sheet for the Clippers will be available soon. 

 

4/30/18 

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Dallas Mavericks’ guard Wesley Matthews has accepted his 2018-19 player option worth 18,622,514Dallas now has 59,891,832 in guaranteed team salary, that does not include 2018 draft picks’ likely salaries. Here is an updated cap sheet for the 2018 off-season after this moveDallas Cap Sheet

Should the Bulls Extend Bobby Portis’ Contract Now or Later?

12:00am July 1st, 2018. That is the exact moment Chicago Bulls forward Bobby Portis is eligible to sign an extension. As a player entering his 4th season on his rookie scale contract, Portis has up until October 31st, 2018 to agree to an extension. If one is not reached by then, then Portis will be eligible for restricted free agency for the 2019 off-season. Portis showed his offensive potential in his 3rd season, showing he can be a productive player for the Bulls moving forward. Extending Portis makes sense, but when is the right time?

Just based off reports, the Bulls are waiting for the 2019 off-season to spend big money on free agents. Here is a quote from Mark Scharnowski, Bulls reporter/host:

b

 

Whether or not that is true, what is true is the cap flexibility is there for the Bulls to have max space in the 2019 off-season. And what could be more true is the Bulls could be more appealing to free agents by that time as well. But let’s get back to Bobby Portis. A Bobby Portis extension now will eat into Bulls cap space for 2019, the question then becomes how much space do the Bulls need? If offering a player like Thompson or Irving a max contract is their goal, going off the 2019 cap space projection of 108,000,000, the space needed to offer them the max is 32,400,000(30% of the salary cap). So how much space are the Bulls projecting to have in 2019?

There are a lot of factors that go into that projection. Factors such as the Lavine/Nwaba extension, the Bulls 2018 6th and 22nd pick salary projections, and their 2019 draft pick salary projection. And most importantly the final salary cap number for the 2019-20 season. Let’s assume it will be close to and use that salary cap projection. Let’s also assume the Bulls extend Lavine and his 2019-20 salary cap hit is 16,000,000, and they also extend Nwaba with a 2019-20 cap hit of 5,000,000. Also let’s assume they stay at 6th and 22nd spots for the 2018 draft which would be a 2019-20 cap hit of 4,707,600 and 1,927,100. And let’s go ahead and say the Bulls will just miss the playoffs next season and end up with the 14th pick. (Just to be clear not my prediction, but I assume they won’t be too far from that 14th spot.) The 14th pick for 2019-20 would have a cap hit of 2,851,900. And until the Bulls make additional moves I assume; Felicio, Dunn, Markkanen, and Valentine will still be on the roster with their salary cap hits along with Portis’ cap hold. That would give the Bulls a team salary of 64,814,736, which projects the Bulls to have 43,185,265 in cap space.

Again, that is just a projection. It is not accurate as I mention because of all the factors that will determine that number. But it is clear the cap flexibility is there to have max space for those players, more than enough. And according to our projections, they could have about 10 million in space left over. Which is somewhat important because it is over the MLE projection amount for 19-20, which is 9,161,000. Which means the ability to offer a max and still outbid teams who could only offer the MLE  is possibly there for other free agents. But let’s get back to Portis’ extension.

Does it make sense for the Bulls to extend Portis this off-season? The Bulls have recently let most of their upcoming restricted free agents hit the open market; Jimmy Butler, Miroitc, and Lavine recent examples. And personally that is what I believe what will end up happening and I would tend to agree with that. I get the risk, but most teams aren’t projected to have space in 2019. I like the Bulls chances at retaining Portis at a reasonable contract in 2019 while maximizing the space they can have that off-season. That to me makes the most sense for the Bulls if they are valuing cap space in 2019. Gives you the most flexibility while still allowing yourself to likely retain Portis.

Golden State Warriors 2018 Off-Season Numbers Breakdown

PLAYERS CAP HIT Explanation
  2018-19  
     
Stephen Curry  37,457,154  
Kevin Durant  26,250,000 Player Option
Klay Thompson 18,988,725  
Draymond Green 17,469,565  
Andre Iguodala 16,000,000  
Shaun Livingston 8,307,692  
Nick Young 6,230,400 Cap Hold
Zaza Pachulia 4,520,880 Cap Hold
David West 1,499,698 Cap Hold
JaVale McGee 1,499,698 Cap Hold
Kevin Looney 2,227,081 Cap Hold, also max GS can pay ***see note below
Damian Jones 1,277,040  
Patrick McCaw 1,699,698 Cap Hold (RFA)
Jason Thompson 945,126 Stretched
Jordan Bell 1,378,242  
Quinn Cook 1,499,698  
Chris Boucher Two Way  
     
     
Roster Size     
     
Exceptions    
Non-Tax Paying MLE 8,567,000 (unlikely) Projection
Tax Paying 5,291,000 (likely) Projection
Bi-Annual 3,353,000 (unlikely) Projection
Room  ****  
     
Trade Exceptons ****  
     
Projected Draft Pick 1,358,500 29th projection
  831,311 2nd round
     
IRC* 1,662,622 likely
  3,325,244 for max space
     
Team Salary 149,440,508  
  133,425,675  **see note below
  105,703,360  guarantees + IRC
w/o Exceptions ****  
Salary Cap 101,000,000 projection
Cap Room -48,440,508 current
  -32,425,675 likely
  -4,703,360 guarantees
w/o Exceptions ****  
Luxury Tax 121,000,000 projection

*IRC stands for “incomplete roster charge”. This happens when teams fall below 12 players under contract. For every spot under 12, a team is charged the rookie minimum. For Golden State to create max space, they would only have 8 players under contract. So Golden State would then be charged 831,311, 4 times.

**This team salary number is without all cap holds + an IRC of 1,662,622. I project this as likely.

***Because Looney’s team option on his rookie scale contract was declined, Golden State will not be allowed to pay Looney more than what his option was worth for 2018-19.