New Orleans Pelicans Salary Cap

What the Pelicans 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
Pelicans are $31.3M over the cap on payroll.
An over-the-cap team builds with exceptions, not cap space. $4.7M of room before the luxury tax.
Real payroll$196.3M
Free-agent holdsplaceholder$11.5M
A cap hold is a placeholder charge for a team's own free agent, sized by his Bird bracket. The Pelicans carry $11.5M in free-agent holds; these count against the cap only, never the tax or aprons. What is the cap hold?
Counts against the cap$207.8M
League cap line$165.0M
Salary capPelicans are here
Build via exceptions
$31.3M over
vs $165.0M · payroll
The salary cap is $165.0M (projected). The Pelicans' cap salary (contracts, dead money and holds) is $207.8M, putting them $42.8M 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
$4.7M under
vs $201.0M · payroll
The luxury-tax line is $201.0M (projected); holds don't count against it, only contracts and dead money ($196.3M for the Pelicans). They have $4.7M of room before the luxury tax. What is the luxury tax?
1st apron
Full toolkit
$11.3M under
vs $209.0M · payroll
The first apron sits at $209.0M (projected), about $8.0M above the tax line. The Pelicans have $11.3M of room before the first apron. What is the first apron?
2nd apron
Below the ceiling
$24.3M under
vs $222.0M · payroll
The second apron sits at $222.0M (projected). The Pelicans have $24.3M 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 Pelicans 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 −$31.3M, 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 Pelicans' 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?
Zion WilliamsonF$42.2M$44.9M
Jordan PooleG$34.0M
Dejounte MurrayG$32.8MPO$30.8M
Trey Murphy IIIF$27.0M$29.0M$31.0M
Herbert JonesF$14.9MPO$20.9M$22.5M$24.2M
FTO$8.0M
Kevon Looney holds a team option for $8.0M this season; the Pelicans decide whether it's exercised. What is a team option?
Jeremiah FearsG$7.9MTO$8.3MTO$10.5M
GTO$7.0M
Jordan Hawkins holds a team option for $7.0M this season; the Pelicans decide whether it's exercised. What is a team option?
Saddiq BeyF$6.6M
Derik QueenC$5.4MTO$5.7MTO$8.1M
CTO$3.5MTO$5.6M
Yves Missi holds a team option for $3.5M this season; the Pelicans decide whether it's exercised. What is a team option?
Bryce McGowensG$2.6MTO$2.9M
FTO$2.3M
Karlo Matkovic holds a team option for $2.3M this season; the Pelicans decide whether it's exercised. What is a team option?
Micah PeavyG$2.2M$2.5MTO$2.7M
Signed contracts subtotal$196.3M$150.5M$74.9M$24.2M$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 Pelicans carry $11.5M in free-agent 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$2.7M
DeAndre Jordan carries a 120% cap hold: 120% of his $2.3M prior salary = $2.7M against the Pelicans' cap until he re-signs, is renounced, or signs elsewhere. What are non-Bird rights?
F$2.2M
Bryce McGowens carries a 120% cap hold: 120% of his $725K prior salary = $2.2M against the Pelicans' 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 Pelicans' 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 Pelicans' 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 Pelicans' cap. What is the minimum cap hold?
F$66.1M
Bird rights let the Pelicans 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$51.1M
Bird rights let the Pelicans 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$46.5M
Bird rights let the Pelicans 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$46.1M
Bird rights let the Pelicans 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$31.5M
Bird rights let the Pelicans 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$24.3M
Bird rights let the Pelicans 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$21.1M
Bird rights let the Pelicans 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$16.8M
Bird rights let the Pelicans 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$12.5M
Bird rights let the Pelicans 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$10.4M
Early Bird rights (after two seasons with the team) let the Pelicans 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$8.2M
Bird rights let the Pelicans 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$6.9M
Bird rights let the Pelicans 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?
Cap holds subtotal$11.5M$101.9M$129.0M$110.5M$0.0M
Counts against the cap$207.8M$252.4M$210.0M$146.1M$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
Pelicans $197.7M
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 Pelicans 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 Pelicans 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 Pelicans 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
Dejounte MurrayPlayer option$30.8M
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?
Herbert JonesPlayer option$20.9M
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?
Jeremiah FearsTeam option$8.3M
A team option (TO badge) lets the Pelicans choose whether to keep the player for that year's salary or let him become a free agent. What is a team option?
Derik QueenTeam option$5.7M
A team option (TO badge) lets the Pelicans choose whether to keep the player for that year's salary or let him become a free agent. What is a team option?
Yves MissiTeam option$5.6M
A team option (TO badge) lets the Pelicans choose whether to keep the player for that year's salary or let him become a free agent. What is a team option?
Bryce McGowensTeam option$2.9M
A team option (TO badge) lets the Pelicans 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 2026-27Jordan Poole$34.0MKevon Looney$8.0MJordan Hawkins$7.0MSaddiq Bey$6.6MKarlo Matkovic$2.3M
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 Pelicans control 6 first-round and 5 second-round picks, 3 carrying swap rights.

2026

2026 2nd (via DET)Detroit's own second conveyed to New Orleans at pick 58, routed via New York, Brooklyn, Phoenix, Orlando, and the Clippers. Tied to the February 2026 Jose Alvarado trade.
Their own 1st, owed to ATL · No. 8New Orleans's own first conveyed to Atlanta, landing at pick 8, as the more favorable of the New Orleans and Milwaukee 2026 firsts. From the June 2025 Derik Queen deal.
Their own 2nd, owed to CHINew Orleans's own second conveyed to Chicago at pick 38, routed via Boston, Detroit, and Portland.

2027

2027 1st (own, swap rights attached)New Orleans keeps the more favorable of the New Orleans and Milwaukee 2027 firsts, top-4 protected; the less favorable lands on Milwaukee's slot and goes to Atlanta.
Their own 2nd, owed to CHACharlotte holds the more favorable of the New Orleans and Portland 2027 seconds, no protections, tied to the February 2023 Josh Richardson trade chain.

2028

2028 1st (own)
Their own 2nd, owed to SASUnprotected second owed to San Antonio, February 2023 Josh Richardson trade.

2029

2029 1st (own)
Their own 2nd, owed to SASUnprotected second owed to San Antonio, February 2023 Josh Richardson trade.

2030

2030 1st (own)
2030 2nd (own, swap rights attached)ORL holds swap rights from the June 2024 Antonio Reeves draft-night trade.

2031

2031 1st (own)
2031 2nd (own, swap rights attached)ORL holds swap rights from the June 2024 Antonio Reeves draft-night trade, with OKC the ultimate recipient of the less favorable of the ORL and NOP seconds.
2031 2nd (via TOR)Owed to New Orleans in the February 2026 Brandon Ingram acquisition.

2032

2032 1st (own)
2032 2nd (own)

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