The franchises name was changed back to the Hornets at the. All other options, cap holds, exceptions are assumed as declined, waived or renounced. The Bobcats first participated in the 2004 NBA draft, two days after their expansion draft was held. This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries. Potential Draft Targets Ochai Agbaji, G/F (Kansas) Jeremy Sochan, F (Baylor) Tari Eason, F (LSU) E.J. Cap TypeĢ023-24 Practical Cap Space Available Practical Cap Space: The team may only sign outside players using any available exceptions or at league minimum salaries. This means Cap Holds & Exceptions are NOT included in their Total Cap Allocations, and renouncing these figures will not afford them any cap space. The Hornets are currently over the league salary cap. TypeĢ023-24 Charlotte Hornets Salary Cap Totals Teams that spend over the threshold pay fines (estimated below). Typeĭenotes the Hornets current standing in terms of the luxury tax threshold. The "credit" balance remains as an exception that can be used within the next year to acquire salary via trade without further relinquishing additional salary. Trade Exception Details becomes available when a team relinquishes more salary than it acquires during a trade. It can be used for contracts up to 2 years in length. Non-Taxpayer Mid-Level Exception Details is awarded annually to teams who are above the cap but below the Luxury Tax Apron ($170,461,000) and can be used for contracts up to 4 years in length.īi-Annual Exception Details is available to any teams who are below the Luxury Tax Apron ($170,461,000), and did not use this exception in the previous season. Exceptions can be split up for multiple player signings, however only one of these exceptions may be used in a season and they cannot be combined. On June 23, 1988, the NBA held an expansion draft for Charlotte and the league's other new team, the Miami Heat. Player (9)Įxceptions are essentially "grants" offering teams an additional way to sign players. These figures are not counted toward a team's Luxury Tax Allocation. Renouncing these cap holds will NOT afford the team any new cap space. Since the Hornets are currently over the league salary cap, these cap holds do not count against their Total Cap figure. On May 5th, 2023 the Charlotte Hornets hosted six players for Pre Draft Workouts. invited to the NBA draft combine, which takes place later this month. 11 hours ago &0183 &32 A Look at Emoni Bates and the Charlotte Hornets 2023 Draft Prospects. Player (1)Ĭap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc. Charlotte Hornets trade, free agent, and draft rumors, updated constantly by the. Two-way salaries do not count against a team's Total Cap/Tax Allocations. Players signed to Two-Way contracts that are currently designated to G-League affiliate.
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