Denver Nuggets Cap Space

Denver Nuggets Cap Totals: Projecting Over the Salary Cap

Denver Nuggets Team Payroll: $136,021,000

Largest Guarantee: $36,700,000

According to Spotrac, the Denver Nuggets are projected to exceed the salary cap by $36.7 million. This projection is based on the team's current roster, which includes 15 players in their home squad and 6 players in their two-way contracts. The Nuggets' highest-paid player is Nikola Jokic, who is set to earn $36.7 million in the 2023-24 season. Other key players on the team's payroll include Jamal Murray ($34.5 million), Aaron Gordon ($24.1 million), and Michael Porter Jr. ($22.5 million). The Nuggets have a number of options to reduce their payroll and get under the salary cap. They could trade away some of their higher-paid players, or they could waive some of their less expensive players. They could also sign players to cheaper contracts. It remains to be seen what the Nuggets will do, but they will need to make some changes to their roster if they want to avoid paying a significant luxury tax penalty. Additional Notes: * The NBA salary cap is set at $123.7 million for the 2023-24 season. * The luxury tax threshold is set at $150.3 million for the 2023-24 season. * Teams that exceed the luxury tax threshold are subject to a dollar-for-dollar penalty on every dollar they spend over the threshold. * The Nuggets have never paid the luxury tax in their franchise history.