NBA Salary Cap Update: Orlando Magic 2023
Team Cap Space and Dead Cap
The Orlando Magic have an updated salary cap table for 2023, which includes team cap space and dead cap. The team has a total of 136,021,000 in salary commitments, leaving them with approximately 47 million to 69 million in cap space depending on final league projections.Salary Cap History
The Magic have a history of exceeding the salary cap, with the largest guaranteed contract being 26,025,880 to Paolo Banchero. This has resulted in a significant amount of dead cap, which is money owed to players who are no longer on the team.NBA Salary Cap Projections
According to the NBA's latest projections, the 2024-25 salary cap is estimated to be 141 million. This increase in the cap space will provide the Magic with additional flexibility to acquire new players and improve their roster.Comparison to Other Teams
Compared to other teams in the league, the Magic have a relatively low salary cap commitment. This gives them an advantage in pursuing free agents and making trades to bolster their squad. Teams like the Detroit Pistons and Orlando Magic are projected to have similar cap space, which could lead to competition for available players.By optimizing their salary cap situation, the Orlando Magic are well-positioned to make strategic moves that will strengthen their team and improve their chances of success in the upcoming season.
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