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Charlotte Hornets Cap Space Update
2023 Salary Cap Breakdown
The Charlotte Hornets are currently projected to have $136,021,000 in salary cap space for the 2023-24 season. This includes $114,000,000 in guaranteed contracts and $22,021,000 in dead cap space.
Player Salaries
The Hornets have a number of key players under contract for the 2023-24 season, including LaMelo Ball ($35,891,111), Gordon Hayward ($30,106,842), and Terry Rozier ($26,252,729). These three players account for over 60% of the team's salary cap.
Cap Space
The Hornets have a significant amount of cap space available for the 2023-24 season. This gives them the flexibility to add some key pieces to their roster, either through free agency or trades.
Dead Cap
The Hornets have $22,021,000 in dead cap space for the 2023-24 season. This includes $13,820,000 for Cody Zeller and $8,201,000 for Miles Bridges. Dead cap space counts against the team's salary cap, but it does not affect their ability to spend money on other players.
Conclusion
The Charlotte Hornets are in a good position financially heading into the 2023-24 season. They have a significant amount of cap space available, which gives them the flexibility to improve their roster and make a run at the playoffs.
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