Capmath
The NBA Cap Ledger
Vol. XI · 2026-27 · Computed live
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Toronto Raptors · Salary cap report

Raptors are $34.9M over the cap on payroll.

Toronto Raptors payroll for the 2026-27 season is $199.8M against a $165.0M salary cap.

Payroll, the money committed to the roster, is signed salaries, dead money, and drafted-rookie holds: $199.8M. Counting cap holds for their own free agents, the Raptors' cap number rises to $214.9M, which is why there is no usable cap space until those holds come off the books. Renouncing every free-agent hold would open -$34.9M of room and give up Bird rights. Drafted-rookie holds count against the cap, not the luxury tax.

Run Raptors' offseason yourself
Under the tax on payroll
What the numbers mean
Payroll$199.8M
The salaries actually committed to players right now.
Counts against the cap$214.9M
What the league counts: payroll plus free-agent hold placeholders.
Luxury tax lineUNDERby $0.6M
Cross it and the team pays a penalty on every dollar over.
First apron lineUNDERby $2.6M
A stricter line. Over it, the bigger roster tools freeze. The apron figure counts $6.6M in unlikely bonuses on top of payroll: incentive money a player probably won't earn, which counts against the aprons but not the cap or tax.
Where the Raptors land · payroll against the cap lines
Payroll $199.8M
Cap$165.0MTax$200.4MApron 1$209.0MApron 2$221.7M

The solid bar is real payroll. The hatched extension is a free-agent hold crossing the cap line. Renounce it and the room clears.

The apron math · what counts toward the aprons
Payroll (contracts, dead money, drafted rookies)$199.8M
Unlikely bonuses+$6.6M
Apron figure$206.4M
First apron $209.0MUNDERby $2.6M
Second apron $221.7MUNDERby $15.3M

Free-agent cap holds never count toward the aprons. Only payroll (with drafted rookies booked as signed) and unlikely bonuses, incentive money a player probably won't earn, do.

The books
2026-27 focused
PlayerPos2026-272027-282028-29
Signed contracts
Kawhi LeonardF$50.3M
Scottie BarnesG$41.8M$44.8M$47.9M
Immanuel QuickleyG$32.5M$32.5M$32.5M
RJ BarrettF$29.6M
Jakob PoeltlCPO$19.5M$27.3M$29.5M
Collin Murray-BoylesF$6.6MTO$7.0MTO$8.9M
Ja'Kobe WalterGTO$3.8MTO$5.9M
Trayce Jackson-DavisFTO$2.4M
Alijah MartinF$2.3M$2.5M
Jonathan MogboFTO$2.3M
Jamison BattleF$2.3M
Jamal SheadGTO$2.3M
Signed subtotal$195.8M$119.9M$118.8M
Draft picks · on roster, rookie-scale hold
Allen Graves · No. 19ROOKIE$4.1M
Payroll$199.8M$119.9M$118.8M
Cap holds · placeholders, not paid
Braxton KeyNON-BIRDG$3.0M
Garrett TempleNON-BIRDG$2.8M
Chris PaulNON-BIRDG$2.8M
Chucky HepburnMIN HOLDF$2.2M
Jaden BradleyMIN HOLDF$2.2M
Nate BittleMIN HOLDF$2.2M
Trayce Jackson-DavisBIRD 300%F$7.2M
RJ BarrettBIRD 150%F$44.4M
Jonathan MogboBIRD 300%F$6.9M
Jamison BattleNON-BIRDF$3.1M
Jamal SheadBIRD 300%G$6.9M
Ja'Kobe WalterBIRD 300%G$17.6M
Immanuel QuickleyBIRD 150%G
Collin Murray-BoylesBIRD 300%F
Kawhi LeonardBIRD 150%F$61.8M
Counts against the cap$214.9M$250.3M$147.0M
What they can add
Non-Taxpayer MLEup to $15.0M
The full mid-level signing slot for adding an outside free agent. Using it locks their spending at the first apron for the rest of the season.
Bi-Annual Exceptionup to $5.4M
A smaller signing slot, usable every other year. Using it also locks their spending at the first apron.
Bird rightsLets them re-sign their own free agents for more than other teams can offer, up to the max.
Trade exceptions
Trade exception · from the Ochai Agbaji tradeup to $6.4M
Absorbs one incoming contract up to this amount with no salary matching. Expires Feb 5, 2027.
A trade exception is a credit from an earlier trade, not money on the books, so it does not count toward the cap, tax, or apron. On file as of Aug 1, 2026; may not be complete.
Decisions ahead
Option calls before 2027-28
Collin Murray-Boyles $7.0M team option, Ja'Kobe Walter $5.9M team option.
Expiring after 2026-27
Kawhi Leonard $50.3M, RJ Barrett $29.6M, Trayce Jackson-Davis $2.4M, Jonathan Mogbo $2.3M, Jamison Battle $2.3M, Jamal Shead $2.3M come off the books.
Front office
Run the Raptors offseason
Take these exact books into the GM Machine and re-sign, sign, waive, stretch, and draft, with every cap rule checked and explained as you go.

Draft picks through 2033

The Raptors control 8 first-round and 6 second-round picks.

2026

2026 1st (own) · No. 19
2026 2nd (own) · No. 50
Toronto keeps its own second at pick 50. An Indiana claim that applied only if it landed 56-60 lapsed when it settled higher.

2027

2027 1st (own)
2027 2nd (own)

2028

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

2029

2029 1st (own)
2029 2nd (own)

2030

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

2031

2031 1st (own)
Their own 2nd, owed to NOP
Owed to New Orleans in the February 2025 Brandon Ingram acquisition.

2032

2032 1st (own)
Their own 2nd, owed to BKN
Toronto's own second conveyed to Brooklyn in the February 2026 three-team Chris Paul trade.

2033

2033 1st (own)
2033 2nd (own)

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


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