Will Charlotte have cap space or function as an over the cap team?
Projecting Charlotte's 2024 cap space situation this off-season is particularly difficult this year due to major question marks hanging over the franchise.
. Trades could change the dynamics outlined here, but for the purpose of this article I have assumed no other major moves take place before free agency.In this scenario Miles Bridges is re-signed. Even if his new contract is above his $15 million cap hold, his new salary figure won't count toward's Charlotte's salary cap until he officially signs it.
This puts Charlotte just $1.3 million below the salary cap. However, In real terms they would still operate as an over the cap team. This is due to the available exceptions, which when combined with the team's cap holds add up over the salary cap. In Charlotte's case, the available exceptions are the Mid-Level Exception and Bi-Annual Exception which haven't been used in recent seasons.In this scenario, Charlotte, lose a starter in Bridges and five rotation players but open up $33.
Venturing into free agency would signal a change of intent from the new ownership, but is now the right time? Similar to option one, Charlotte would operate as an over the cap team in this situation.
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