New Orleans Pelicans Cap Updates
June 30, 2025: The Pelicans signed Kevon Looney to two years, $16
| New Orleans Pelicans (14/15 + 0/3) | Salary | |
| 1 | Zion Williamson | $ 42,166,510 |
| 2 | Jordan Poole | $ 34,044,642 |
| 3 | Dejounte Murray | $ 32,785,073 |
| 4 | Trey Murphy III | $ 27,000,000 |
| 5 | Herb Jones | $ 14,898,786 |
| 6 | Kevon Looney | $ 8,000,000 |
| 7 | Jeremiah Fears | $ 7,896,240 |
| 8 | Jordan Hawkins | $ 7,021,895 |
| 9 | Saddiq Bey | $ 6,557,080 |
| 10 | Derik Queen | $ 5,416,080 |
| 11 | Yves Missi | $ 3,512,760 |
| 12 | Bryce McGowens | $ 2,584,539 |
| 13 | Karlo Matkovic | $ 2,296,271 |
| 14 | Micah Peavy | $ 2,150,917 |
| 15 | ||
| Total Payroll | $ 196,330,793 | |
| Dead Money | $ - | |
| Total Salaries | $ 196,330,793 | |
| Luxury Tax | $ 200,474,000 | |
| Total for Luxury Tax | $ 196,330,793 | |
| Luxury Tax Room | $ 4,143,207 | |
| Jordan Poole | $ 4,250,000 | |
| Dejounte Murray | $ 2,435,997 | |
| Saddiq Bey | $ 232,804 | |
| Unlikely Bonuses | $ 6,918,801 | |
| Apron Total (Salaries + Unlikely Incentives) | $ 203,249,594 | |
| First Apron | $ 209,063,000 | |
| First Apron Space | $ 5,813,406 | |
| Second Apron | $ 221,737,000 | |
| Second Apron Space | $ 18,487,406 | |
| Willy Hernangómez | $ 4,642,804 | |
| Brandon Boston | $ 2,450,001 | |
| DeAndre Jordan | $ 2,450,001 | |
| Elfrid Payton | $ 2,450,001 | |
| Tony Snell | $ 2,450,001 | |
| Keion Brooks Jr. | $ 2,185,633 | |
| Trey Alexander | $ 2,185,633 | |
| Gary Clark | $ 2,185,633 | |
| Hunter Dickinson | $ 2,185,633 | |
| Jared Harper | $ 2,185,633 | |
| James Nunnally | $ 2,185,633 | |
| Josh Oduro | $ 2,185,633 | |
| Cap Holds | $ 29,742,239 | |
| Total Salaries + Cap Holds | $ 226,073,032 | |
| Salary Cap | $ 165,000,000 | |
| Cap Space | $ (61,073,032) | |
| Cap Space (Cap Holds Renounced) | $ (31,330,793) | |
| Cap Space (Maximized) | $ (13,959,303) | |
| Two-Way | ||
| Expiration | Exceptions | Value |
| 4/11/27 | Non-taxpayer Mid-Level | $ 15,048,000 |
| 4/11/27 | Bi-Annual | $ 5,478,000 |
| 7/6/26 | TPE (Kelly Olynyk) | $ 13,445,122 |
| 2/5/27 | TPE (Jose Alvarado) | $ 4,500,000 |
| Player | Waivable Salary | Protection |
| Williamson | $42,166,510 | $ 33,733,208 |
| Looney | $8,000,000 | $ - |
| Matkovic | $2,296,271 | $ - |
| Year | First-Round Picks | Trade-eligibility |
| 2026 | ||
| 2027 | Favorable of Own/MIL | Yes |
| 2028 | Own | Yes |
| 2029 | Own | Yes |
| 2030 | Own | Yes |
| 2031 | Own | Yes |
| 2032 | Own | Yes |
| 2033 | Own | Yes |
| 7 over next 7 drafts | Up to 4 | |
| Year | Second-Round Picks | Trade-eligibility |
| 2026 | Least favorable of ORL/DET/MIL | Yes |
| 2027 | Second favorable of OKC/HOU/IND/MIA | Yes |
| 2028 | ||
| 2029 | ||
| 2030 | Lesser of Own/ORL | Yes |
| 2031 | TOR (unprotected) | Yes |
| 2032 | Own | Yes |
| 2033 | Own | Yes |
| 6 over next 7 drafts | Up to 6 | |
June 30, 2025: The Pelicans signed Kevon Looney to two years, $16