Orlando Magic Salary Cap: A Detailed Breakdown
Team Payroll and Salary Cap History
The Orlando Magic have a total payroll of $136,021,000 for the 2023 season. This figure represents the total salaries of all players on the active roster, including guaranteed contracts and bonus payments. The salary cap for the 2023 season is set at $123.89 million, which means the Magic are currently over the cap by $12.13 million.
Largest Guaranteed Contracts
The Magic have three players with guaranteed contracts worth more than $20 million per year: Nikola Vucevic ($22.03 million), Markelle Fultz ($20.04 million), and Terrence Ross ($19.63 million). These contracts account for a significant portion of the Magic's overall payroll.
Salary Cap Space
With the Magic currently over the salary cap, they will need to make some roster adjustments in order to comply with league regulations. The Magic could trade away some of their high-salaried players, such as Ross or Vucevic, or they could waive some of their less expensive players to create cap space.
Dead Cap
The Magic currently have $11.04 million in dead cap space for the 2023 season. This money represents the salaries of players who are no longer on the roster but are still being paid by the team. The dead cap space will not count against the Magic's salary cap in future seasons, but it does reduce their financial flexibility in the current season.
Conclusion
The Orlando Magic's salary cap situation is complex, with the team currently over the cap and facing some roster decisions. The Magic will need to make some adjustments in order to comply with league regulations and improve their chances of success on the court.
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