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NBA Salary Cap: Denver Nuggets Break Records with Largest Guarantee in History

A Historic Season for the Denver Nuggets

The National Basketball Association (NBA) has announced its salary cap for the 2023-24 season, and it stands at an unprecedented $136,021,000. The Denver Nuggets have made history by offering the largest guaranteed contract in the league's history.

Massive Commitment to the Roster

With a total of $179,243,682 committed to player salaries this season, the Nuggets have solidified their commitment to their current roster. Nikola Jokic, the reigning NBA MVP, has a player option that could potentially push his salary to an even higher stratosphere.

Team Options and Dead Cap

The Nuggets' salary cap table also includes several team options and dead cap figures. Team options allow the team to retain players for an additional year at a predetermined salary. Dead cap figures represent contracts that are no longer guaranteed and will not count against the salary cap.

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