Milwaukee Bucks Salary Cap

What the Bucks 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
Over the cap
Bucks are $16.9M over the cap on payroll.
An over-the-cap team builds with exceptions, not cap space. $19.1M of room before the luxury tax.
Dead money is salary owed to players no longer on the roster (waived or stretched). The Bucks carry $23.2M of it, and it counts against the cap, the tax, and the aprons. What is dead money?
Real payroll$181.9M
Free-agent holdsplaceholder$29.3M
A cap hold is a placeholder charge for a team's own free agent, sized by his Bird bracket. The Bucks carry $29.3M in free-agent holds plus $6.4M in draft-pick holds; these count against the cap only, never the tax or aprons. What is the cap hold?
Draft-pick holdsplaceholder$6.4M
Unsigned first-round picks count 120% of their rookie-scale slot against the cap. The Bucks carry $6.4M in pick holds. What is the draft pick hold?
Counts against the cap$217.6M
League cap line$165.0M
Salary capBucks are here
Build via exceptions
$16.9M over
vs $165.0M · payroll
The salary cap is $165.0M (projected). The Bucks' cap salary (contracts, dead money and holds) is $217.6M, putting them $52.6M 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
$19.1M under
vs $201.0M · payroll
The luxury-tax line is $201.0M (projected); holds don't count against it, only contracts and dead money ($181.9M for the Bucks). They have $19.1M of room before the luxury tax. What is the luxury tax?
1st apron
Full toolkit
$25.8M under
vs $209.0M · payroll
The first apron sits at $209.0M (projected), about $8.0M above the tax line. The Bucks have $25.8M of room before the first apron. What is the first apron?
2nd apron
Below the ceiling
$38.8M under
vs $222.0M · payroll
The second apron sits at $222.0M (projected). The Bucks have $38.8M 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 Bucks 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 −$23.3M, 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 Bucks' 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?
Giannis AntetokounmpoF$58.5MPO$62.8M
Myles TurnerC$26.6M$27.9MPO$29.1M
Kyle KuzmaF$20.5M
Bobby PortisF$14.5MPO$15.6M
A.J. GreenG$10.0M$10.8M$11.7M$12.5M
GPO$5.4M
Kevin Porter Jr. holds a player option for $5.4M this season; he decides whether it's exercised. What is a player option?
Ryan RollinsG$4.0MPO$4.0M
GTO$3.9M
Gary Trent Jr. holds a team option for $3.9M this season; the Bucks decide whether it's exercised. What is a team option?
GPO$3.8M
Gary Harris holds a player option for $3.8M this season; he decides whether it's exercised. What is a player option?
FPO$3.8M
Taurean Prince holds a player option for $3.8M this season; he decides whether it's exercised. What is a player option?
FPO$2.8M
Jericho Sims holds a player option for $2.8M this season; he decides whether it's exercised. What is a player option?
Pete NanceF$2.5MTO$2.7M
GTO$2.4M
Andre Jackson Jr. holds a team option for $2.4M this season; the Bucks decide whether it's exercised. What is a team option?
Signed contracts subtotal$158.7M$123.8M$40.8M$12.5M$0.0M
Dead money
Dead money is salary owed to players no longer on the roster (waived or stretched). The Bucks carry $23.2M of it, and it counts against the cap, the tax, and the aprons. What is dead money?
Damian Lillard$22.5M
Vasilije Micic$0.7M
Damian Lillard$22.5M
Damian Lillard$22.5M
Damian Lillard$22.5M
Vasilije Micic$0.7M
Dead money subtotal$23.2M$23.2M$22.5M$22.5M$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 Bucks carry $29.3M in free-agent holds plus $6.4M 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$20.0M
Ousmane Dieng carries a 300% cap hold: 300% of his $6.7M prior salary = $20.0M against the Bucks' cap until he re-signs, is renounced, or signs elsewhere. What are Bird rights?
F$2.8M
Thanasis Antetokounmpo carries a 120% cap hold: 120% of his $2.3M prior salary = $2.8M against the Bucks' cap until he re-signs, is renounced, or signs elsewhere. What are non-Bird rights?
F$2.2M
Cam Thomas carries a 120% cap hold: 120% of his $845K prior salary = $2.2M against the Bucks' cap until he re-signs, is renounced, or signs elsewhere. What are non-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 Bucks' 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 Bucks' cap. What is the minimum cap hold?
F$66.1M
Bird rights let the Bucks 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$43.7M
Bird rights let the Bucks 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$30.7M
Bird rights let the Bucks 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$29.6M
Bird rights let the Bucks 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$7.6M
Bird rights let the Bucks 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 Bucks 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$7.0M
Early Bird rights (after two seasons with the team) let the Bucks re-sign a player up to 175% of his prior salary or 105% of the league average; his cap hold is 130% of prior salary. What are Early Bird rights?
F$5.0M
Early Bird rights (after two seasons with the team) let the Bucks re-sign a player up to 175% of his prior salary or 105% of the league average; his cap hold is 130% of prior salary. What are Early Bird rights?
F$5.0M
Early Bird rights (after two seasons with the team) let the Bucks re-sign a player up to 175% of his prior salary or 105% of the league average; his cap hold is 130% of prior salary. What are Early Bird rights?
F$5.0M
Early Bird rights (after two seasons with the team) let the Bucks re-sign a player up to 175% of his prior salary or 105% of the league average; his cap hold is 130% of prior salary. What are Early Bird rights?
F$3.6M
Early Bird rights (after two seasons with the team) let the Bucks re-sign a player up to 175% of his prior salary or 105% of the league average; his cap hold is 130% of prior salary. What are Early Bird rights?
F$3.2M
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 Bucks carry $6.4M in pick holds. What is the draft pick hold?
2026 first round (No. 10)$6.4M
Cap holds subtotal$35.7M$63.6M$106.6M$43.7M$0.0M
Counts against the cap$217.6M$210.5M$179.0M$94.9M$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
Bucks $183.2M
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 Bucks 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 Bucks 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 Bucks 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
Giannis AntetokounmpoPlayer option$62.8M
A player option (PO badge) lets the player choose between staying for that year's salary or becoming a free agent. What is a player option?
Bobby PortisPlayer option$15.6M
A player option (PO badge) lets the player choose between staying for that year's salary or becoming a free agent. What is a player option?
Ryan RollinsPlayer option$4.0M
A player option (PO badge) lets the player choose between staying for that year's salary or becoming a free agent. What is a player option?
Pete NanceTeam option$2.7M
A team option (TO badge) lets the Bucks 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 2026-27Kyle Kuzma$20.5MKevin Porter Jr.$5.4MGary Trent Jr.$3.9MGary Harris$3.8MTaurean Prince$3.8MJericho Sims$2.8M+1 more in the books above
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 Bucks control 5 first-round and 0 second-round picks, 2 carrying swap rights.

2026

2026 1st (own) · No. 10Milwaukee keeps its own first at pick 10. Atlanta took the more favorable of the Milwaukee and New Orleans 2026 firsts, which resolved to the New Orleans slot, so Milwaukee's own pick stayed put.
Their own 2nd, owed to BOSMilwaukee's own second conveyed to Boston at pick 40, routed via Orlando.

2027

Their own 1st, owed to ATLAtlanta receives the less favorable of the New Orleans and Milwaukee 2027 firsts, top-4 protected; New Orleans keeps the more favorable on its own slot. From the 2020 Jrue Holiday trade and the Dejounte Murray obligation.
Their own 2nd, owed to DETRouted Milwaukee to Philadelphia and on to Detroit, terminal in Detroit, from the February 2025 KJ Martin Jr. trade.

2028

2028 1st (own, swap rights attached)POR holds swap rights from the September 2023 Damian Lillard trade; Washington holds a second-priority swap behind Portland. One mirror reports the Portland right as protected 15-30 conditional on Portland not having conveyed a first to Chicago by 2027, rather than fully unprotected.
Their own 2nd, owed to PHIUnprotected second owed to Philadelphia from the February 2026 Jared McCain trade chain; a conflicting OKC claim is the weaker reporting.

2029

Their own 1st, owed to PORUnprotected first owed to Portland from the September 2023 Damian Lillard trade.
Their own 2nd, owed to DETUnprotected second owed to Detroit.

2030

2030 1st (own, swap rights attached)POR holds unprotected swap rights from the September 2023 Damian Lillard trade.
Their own 2nd, owed to ORLUnprotected second owed to Orlando, sent for pick 36 in the 2023 draft.

2031

2031 1st (own)
Their own 2nd, owed to CHAOwed to Charlotte from the Pat Connaughton (Vasilije Micic) deal.

2032

2032 1st (own)
Their own 2nd, owed to CHAOwed to Charlotte from the Pat Connaughton deal.

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