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Teams that spend over the threshold pay fines (estimated below). Typeĭenotes the Magic 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 ($143,002,000) 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 ($143,002,000), 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.
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Player (5)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 Magic are currently over the league salary cap, these cap holds do not count against their Total Cap figure.
#Orlando magix free#
Player (2)Ĭap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc.
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Two-way salaries do not count against a team's Total Cap Allocations. Players signed to Two-Way contracts that are currently designated to G-League affiliate.