After a wild offseason, the Sixers’ roster is set… for now.
LeBron James and Jaylen Brown are now Sixers, as are Dean Wade, Anfernee Simons, Kentavious Caldwell-Pope and Ariel Hukporti. So, where does that leave the Sixers financially? How close are they to the first apron?
We’re partnering with SalarySwish to use their data and help answer every question you have about the Sixers’ financial situation.
We’ll make updates here as the season rolls along, so bookmark this page to keep up on the latest changes moving forward.
Sixers Roster, Salaries, Draft Picks, Cap Space and More
Here’s a table with all of the Sixers’ salary information, courtesy of our friends at SalarySwish:
That’s a lot of information to sift through, so let’s dive into a few key notes.
FAQ
Are the Sixers hard-capped at either apron?
The Sixers are hard-capped at the first apron for almost every reason that a team can hard-cap itself at the first apron.
They used the split the non-taxpayer mid-level exception between Wade and Simons, which triggers a first-apron hard cap. They also used part of the bi-annual exception on Hukporti, which also triggers a first-apron hard cap. And they took back more salary than they sent out in the Paul George-for-Jaylen Brown trade, which also triggers a first-apron hard cap. They just need to acquire someone via sign-and-trade and sign a buyout player who was previously earning more than the non-taxpayer MLE to hit for the first-apron hard-cap cycle.
This year, the first apron is set at $209,015,000. The Sixers are roughly $1.8 million below that threshold right now.
When can the Sixers fill their open roster spot?
A one-year, veteran-minimum contract for someone with two or more years of NBA experience has a cap hit of nearly $2.45 million. The Sixers do not have enough space under their first-apron hard cap to sign anyone to that type of a deal this offseason unless they shed about $650,000 in salary first.
The minimum salary for someone with one year of NBA experience is nearly $2.2 million, so they can’t even fit that under the first apron. They could sign an undrafted free agent to a one-year minimum contract, which would carry a cap hit of nearly $1.4 million, but that would leave them less than $500,000 below the first apron and would give them virtually zero flexibility at the trade deadline.
Veteran-minimum contracts begin to prorate daily once the regular season begins. We don’t know the exact amount yet, but they should decline by roughly $14,000 each day. According to Yossi Gozlan of Third Apron, Dec. 4 is the earliest that they’ll be able to fill that roster spot if they don’t give it to an undrafted free agent. However, Gozlan expects them to “keep it open to maintain flexibility through the trade deadline.”
Luckily, new team president Mike Gansey didn’t just clean up when it came to standard roster spots this offseason. He also landed Caleb Love and Rayan Rupert on two-way deals, both of whom are legitimate NBA players.
Even with a roster spot open heading into the season, depth should not be a major issue for the Sixers this year.
How much will the Sixers pay in luxury taxes this year?
Everyone’s favorite subject!
The Sixers are roughly $6.75 million over the $200.4 million luxury-tax line at the moment. The good news for Josh Harris and Co. is that the current collective bargaining agreement made it far less punitive for teams to go slightly into the tax.
Under the previous CBA, teams owed $1.50 for every dollar they went over the tax line for the first $5 million, and the rates quickly increased from there. Under the current CBA, teams owe only $1 in tax per dollar that they’re over the tax line for the first $6.06 million, and only $1.25 per dollar for the next $6.06 million.
As a result, the Sixers are only projected to owe $6.9 million in luxury tax at the moment. That will increase if/when they fill their 15th roster spot, but not significantly.
That’s effectively a rounding error to Harris and Co. If they try to swing another tax dump at the trade deadline with LeBron James on their roster, the righteous fury that was unleashed upon them for the Jared McCain trade last year will look like a toddler’s temper tantrum compared to the maelstrom they’ll face this year.
What draft picks can the Sixers trade?
After trading their unprotected 2031 first-round pick and either a 2028 pick or a swap to the Celtics for Brown, the Sixers can only trade these first-rounders or swaps:
- 2027 swap
- 2029 swap
- 2030 swap
- 2032 swap
- 2033 pick (their own)
The Stepien Rule, which prohibits teams from going back-to-back drafts without a first-round pick, limits what other picks they can trade. Since they owe their 2031 first-rounder to Boston, they can’t trade their 2030 or 2032 picks outright unless they acquire another pick from another team in either of those years.
The Sixers have also already traded away their own 2028 pick either to the Celtics or Brooklyn Nets. They previously had the rights to the Los Angeles Clippers’ fully unprotected 2028 first-round pick, but that is likely headed to Boston as well as part of the Brown trade. As a result, they can’t trade a 2027 or 2029 first-rounder until it’s confirmed that they do have a first-round pick in 2028.
Additionally, the Sixers can currently trade the following second-round draft picks:
- 2028 Warriors, Bucks or Thunder picks (two least favorable)
- 2028 Pistons pick (top-55 protected)
- 2029 Sixers pick
- 2030 Wizards, Suns or Blazers pick (less favorable)
- 2031 Sixers pick
- 2033 Sixers pick
They can’t trade their 2028 second-round pick for now because it’s tied up conditionally in the first-round pick that they owe to the Nets or Celtics. Memphis also has second-round swap rights with the Sixers in 2032.
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