Chicago Bulls Salary Cap

What the Bulls owe, what counts against the cap, and how much room they have to add players. Every number is computed live; tap any underlined term or figure to see how it's built.
2026-27 cap report
Under the cap on payroll
Bulls are $63.9M under the cap on payroll.
Cap holds for their own free agents fill that space, so there is no room to add outside free agents without renouncing them. $99.9M of room before the luxury tax.
Real payroll$101.1M
Free-agent holdsplaceholder$147.3M
A cap hold is a placeholder charge for a team's own free agent, sized by his Bird bracket. The Bulls carry $147.3M in free-agent holds plus $15.7M in draft-pick holds; these count against the cap only, never the tax or aprons. What is the cap hold?
Draft-pick holdsplaceholder$15.7M
Unsigned first-round picks count 120% of their rookie-scale slot against the cap. The Bulls carry $15.7M in pick holds. What is the draft pick hold?
Counts against the cap$264.1M
League cap line$165.0M
Salary capBulls are here
Build via exceptions
$63.9M under
vs $165.0M · payroll
The salary cap is $165.0M (projected). The Bulls' cap salary (contracts, dead money and holds) is $264.1M, putting them $99.1M over the cap, so they build the roster with exceptions and Bird rights instead of cap space. What is the salary cap?
Luxury tax
No tax bill
$99.9M under
vs $201.0M · payroll
The luxury-tax line is $201.0M (projected); holds don't count against it, only contracts and dead money ($101.1M for the Bulls). They have $99.9M of room before the luxury tax. What is the luxury tax?
1st apron
Full toolkit
$106.5M under
vs $209.0M · payroll
The first apron sits at $209.0M (projected), about $8.0M above the tax line. The Bulls have $106.5M of room before the first apron. What is the first apron?
2nd apron
Below the ceiling
$119.5M under
vs $222.0M · payroll
The second apron sits at $222.0M (projected). The Bulls have $119.5M of room before it. What is the second apron?

The four lines a team's spending crosses, low to high. The highlighted one is where the Bulls sit now; faded lines aren't a factor this season. Tap any line for what it means.

Holds intact = an over-the-cap team with Bird rights. Renounce all free-agent holds (keeping draft picks) and room becomes $48.2M, forfeiting Bird rights. How renouncing works →

The books · 2026-27 focused

PlayerPos2026-27cap $165.0M2027-28cap $176.6M2028-29cap $188.9M2029-30cap $202.1M2030-31cap $216.3M
Signed contracts
An over-the-cap team can't spend cap space, but the CBA still gives it tools: exceptions. The Bulls' current tools are Non-Taxpayer MLE ($15.1M), Bi-Annual Exception ($5.4M), plus Bird rights to re-sign their own free agents. How do teams build over the cap?
Josh GiddeyG$25.0M$25.0M$25.0M
Patrick WilliamsF$18.0M$18.0MPO$18.0M
Isaac OkoroF$11.8M
Jalen SmithF$9.4M
Tre JonesG$8.0MTO$8.0M
GTO$6.9MTO$8.8M
Rob Dillingham holds a team option for $6.9M this season; the Bulls decide whether it's exercised. What is a team option?
FPO$5.8M
Guerschon Yabusele holds a player option for $5.8M this season; he decides whether it's exercised. What is a player option?
FTO$5.7MTO$7.6M
Matas Buzelis holds a team option for $5.7M this season; the Bulls decide whether it's exercised. What is a team option?
Noa EssengueF$5.7MTO$6.0MTO$8.2M
FTO$2.4M
Mouhamadou Gueye holds a team option for $2.4M this season; the Bulls decide whether it's exercised. What is a team option?
FTO$2.4M
Leonard Miller holds a team option for $2.4M this season; the Bulls decide whether it's exercised. What is a team option?
Signed contracts subtotal$101.1M$73.3M$51.2M$0.0M$0.0M
Cap holdsplaceholders, not paid
A cap hold is a placeholder charge for a team's own free agent, sized by his Bird bracket. The Bulls carry $147.3M in free-agent holds plus $15.7M in draft-pick holds; these count against the cap only, never the tax or aprons. What is the cap hold?
Free agents · Bird % of prior salary, renounce to clear
F$41.5M
Anfernee Simons carries a 150% cap hold: 150% of his $27.7M prior salary = $41.5M against the Bulls' cap until he re-signs, is renounced, or signs elsewhere. What are Bird rights?
F$30.3M
Jaden Ivey carries a 300% cap hold: 300% of his $10.1M prior salary = $30.3M against the Bulls' cap until he re-signs, is renounced, or signs elsewhere. What are Bird rights?
F$28.8M
Collin Sexton carries a 150% cap hold: 150% of his $19.2M prior salary = $28.8M against the Bulls' cap until he re-signs, is renounced, or signs elsewhere. What are Bird rights?
F$23.5M
Zach Collins carries a 130% cap hold: 130% of his $18.1M prior salary = $23.5M against the Bulls' cap until he re-signs, is renounced, or signs elsewhere. What are Early Bird rights?
F$9.5M
Nick Richards carries a 190% cap hold: 190% of his $5.0M prior salary = $9.5M against the Bulls' cap until he re-signs, is renounced, or signs elsewhere. What are Bird rights?
F$7.2M
Guerschon Yabusele carries a 130% cap hold: 130% of his $5.5M prior salary = $7.2M against the Bulls' cap until he re-signs, is renounced, or signs elsewhere. What are Early Bird rights?
F$2.2M
Players on the roster without a standard contract (two-way, Exhibit-10) carry a flat minimum hold of $2.2M (projected) each against the Bulls' cap. What is the minimum cap hold?
F$2.2M
Players on the roster without a standard contract (two-way, Exhibit-10) carry a flat minimum hold of $2.2M (projected) each against the Bulls' cap. What is the minimum cap hold?
F$2.2M
Players on the roster without a standard contract (two-way, Exhibit-10) carry a flat minimum hold of $2.2M (projected) each against the Bulls' cap. What is the minimum cap hold?
F$37.5M
Bird rights let the Bulls re-sign their own free agents up to the max even while over the cap. The attached cap hold is 150–300% of the player's prior salary, depending on tenure and salary level. What are Bird rights?
F$27.0M
Bird rights let the Bulls re-sign their own free agents up to the max even while over the cap. The attached cap hold is 150–300% of the player's prior salary, depending on tenure and salary level. What are Bird rights?
F$26.3M
Bird rights let the Bulls re-sign their own free agents up to the max even while over the cap. The attached cap hold is 150–300% of the player's prior salary, depending on tenure and salary level. What are Bird rights?
F$24.7M
Bird rights let the Bulls re-sign their own free agents up to the max even while over the cap. The attached cap hold is 150–300% of the player's prior salary, depending on tenure and salary level. What are Bird rights?
F$22.8M
Bird rights let the Bulls re-sign their own free agents up to the max even while over the cap. The attached cap hold is 150–300% of the player's prior salary, depending on tenure and salary level. What are Bird rights?
F$22.4M
Bird rights let the Bulls re-sign their own free agents up to the max even while over the cap. The attached cap hold is 150–300% of the player's prior salary, depending on tenure and salary level. What are Bird rights?
F$17.9M
Bird rights let the Bulls re-sign their own free agents up to the max even while over the cap. The attached cap hold is 150–300% of the player's prior salary, depending on tenure and salary level. What are Bird rights?
F$15.2M
Bird rights let the Bulls re-sign their own free agents up to the max even while over the cap. The attached cap hold is 150–300% of the player's prior salary, depending on tenure and salary level. What are Bird rights?
F$7.2M
Bird rights let the Bulls re-sign their own free agents up to the max even while over the cap. The attached cap hold is 150–300% of the player's prior salary, depending on tenure and salary level. What are Bird rights?
F$2.9M
Non-Bird rights (after one season) only allow a raise to 120% of prior salary; the cap hold is likewise 120% of prior salary. What are non-Bird rights?
Unsigned first-rounders · 120% of rookie scale
Unsigned first-round picks count 120% of their rookie-scale slot against the cap. The Bulls carry $15.7M in pick holds. What is the draft pick hold?
2026 first round (No. 4)$10.7M
2026 first round (No. 15)$5.0M
Cap holds subtotal$163.0M$50.5M$64.2M$89.2M$0.0M
Counts against the cap$264.1M$126.6M$124.6M$103.8M$20.9M
Hold values are computed: draft picks at 120% of the rookie-scale slot (season-adjusted), free agents at the Bird % of prior salary (Non 120%, Early 130%, Bird 150/190/250/300%), or a flat minimum. This table is read-only; edit source data in the database to change values.

Tax & apron position · 2026-27

FLOOR
$149.0M
TAX
$201.0M
APRON 1
$209.0M
APRON 2
$222.0M
Bulls $102.5M
Marker = tax/apron salary (contracts + dead money); holds don't count here. Cap space is separate (includes holds) and shown in the report above.

Free-agent capacity · 2026-27

Non-Taxpayer MLEup to $15.1M
Hard-caps you at the first apron.
The Bulls can offer the full non-taxpayer mid-level: up to $15.1M (projected) starting salary, up to 4 years. Using it hard-caps them at the first apron. What is the mid-level exception (non-taxpayer)?
Bi-Annual Exceptionup to $5.4M
Every other year. Also hard-caps at the first apron.
The Bulls can use the bi-annual exception: $5.4M (projected) starting salary, up to 2 years, but only if they didn't use it last season. It hard-caps them at the first apron. What is the bi-annual exception?
Bird rights
Re-sign your own free agents up to the max.
Bird rights let the Bulls re-sign their own free agents up to the max even while over the cap. The attached cap hold is 150–300% of the player's prior salary, depending on tenure and salary level. What are Bird rights?
25%
0–6 yrs
$41.3M
30%
7–9 yrs
$49.5M
35%
10+ yrs
$57.8M
Max starting salary by experience tier. Tap for how the tiers work.
Max contracts scale with experience (projected): $41.3M starting salary for 0–6 years, $49.5M for 7–9, $57.8M for 10+ (25/30/35% of the cap). How do NBA max salaries work?
Outside FAs can only be signed at the max using cap space; otherwise capped by the tools above.

Decision points · 2026-27

Option calls ahead of 2027-28
Rob DillinghamTeam option$8.8M
A team option (TO badge) lets the Bulls choose whether to keep the player for that year's salary or let him become a free agent. What is a team option?
Tre JonesTeam option$8.0M
A team option (TO badge) lets the Bulls choose whether to keep the player for that year's salary or let him become a free agent. What is a team option?
Matas BuzelisTeam option$7.6M
A team option (TO badge) lets the Bulls choose whether to keep the player for that year's salary or let him become a free agent. What is a team option?
Noa EssengueTeam option$6.0M
A team option (TO badge) lets the Bulls choose whether to keep the player for that year's salary or let him become a free agent. What is a team option?
Expiring after 2026-27Isaac Okoro$11.8MJalen Smith$9.4MGuerschon Yabusele$5.8MMouhamadou Gueye$2.4MLeonard Miller$2.4M
The forks in the road as the books stand: options someone must pick up or decline, and salaries that come off after 2026-27. Tap an option for how it works.

Draft picks through 2032

The Bulls control 8 first-round and 12 second-round picks.

2026

2026 1st (own) · No. 4
2026 1st (via POR) · No. 15Portland's own first conveyed to Chicago, landing at pick 15, from the 2021 Larry Nance Jr. three-team deal once the lottery protection lapsed.
2026 2nd (via DEN)Denver's own second conveyed to Chicago at pick 56, routed via Minnesota, Phoenix, and Charlotte.
2026 2nd (via NOP)New Orleans's own second conveyed to Chicago at pick 38, routed via Boston, Detroit, and Portland.
Their own 2nd, owed to HOUChicago's own second conveyed to Houston at pick 39, routed via Washington.

2027

2027 1st (own)
2027 2nd (via CLE)Owed to Chicago; originally tied to the De'Andre Hunter to Sacramento three-team trade, February 2026.
Their own 2nd, owed to DALAcquired by Dallas in the February 2026 Anthony Davis trade; CHI's 2027 second had been routed through Washington.

2028

2028 1st (own)
2028 2nd (own)

2029

2029 1st (own)
2029 2nd (own)
2029 2nd (via MIN)Owed to Chicago, one of the four seconds in the February 2026 Ayo Dosunmu trade.

2030

2030 1st (own)
2030 2nd (own)

2031

2031 1st (own)
2031 2nd (own)
2031 2nd (via MIN)Chicago takes the more favorable of the Minnesota and Golden State 2031 seconds and Detroit the less favorable. Minnesota's slot is the one projected more favorable and goes to Chicago.
2031 2nd (via NYK)Unprotected second routed through Charlotte and terminal in Chicago, from the three-team Karl-Anthony Towns trade.

2032

2032 1st (own)
2032 2nd (own)
2032 2nd (via HOU)Chicago takes the more favorable of the Houston and Phoenix 2032 seconds; the less favorable goes to Phoenix and then on to Minnesota.

Protections and swap conditions in plain English. Full story on the Bulls draft picks page.