The Spurs kicked off a new chapter in the history of their celebrated organization after landing Victor Wembanyama with the first overall pick of the 2023 NBA Draft. Diehard fans and national analysts are already voicing lofty expectations for San Antonio, and their front office must now figure out a way to surround their once-in-a-lifetime prospect with enough complementary talent to build a competitive roster.
With a lack of advantage creators, primary ball-handlers, and three-point shooters, the Spurs will be on the lookout for players that fill those holes for a reasonable price this offseason. Wemby and Sidy Cissoko add some much-needed versatility to a club that registered the worst defensive rating of all time, and free agency could be a game changer. So how much money will San Antonio have to work with?
San Antonio Spurs: Cap Space and Salary Breakdown
• Keldon Johnson: $20 million
• Romeo Langford $16.9 million (Cap Hold)
• Doug McDermott $13.75 million
• Victor Wembanyama $12.15 million (Cap Hold)
• Devonte' Graham: $12.1 million
• Zach Collins: $7.7 million
• Khem Birch: $6.98 million
• Devin Vassell: $5.88 million
• Jeremy Sochan: $5.31 million
• Tre Jones $5.21 million (Cap Hold)
• Joshua Primo $4.34 million (Dead Money)
• Malaki Branham: $3.07 million
• Blake Wesley: $2.5 million
• Charles Bassey $2.5 million
• Sandro Mamukelashvili: $2.18 million (Cap Hold)
• Keita Bates-Diop: $2.01 (Cap Hold)
• Gorgui Dieng: $2.01 million (Cap Hold)
• Dominick Barlow: $1.8 million (Cap Hold)
• Julian Champagnie: $1.8 million (Cap Hold)
When factoring in the active contracts, dead money and cap holds, the San Antonio Spurs are on the books for roughly $129.37 million. That number will probably plunge as the team renounces their cap holds, which could leave them with as much as $41.82M in salary cap space once free agency opens tomorrow afternoon, per Spotrac.
With their guaranteed salaries accounting for $96.3 million of their payroll, the front office will have to spend nearly $26.1 million to hit the minimum salary floor mandated by the new collective bargaining agreement. Failing to do so results in them paying the difference to the league and losing out on their allotted portion of the end-of-season tax distribution.
Today is also the deadline for the Spurs to extend Jones, Langford, Mamukelashvili, Champagnie and Barlow a qualifying offer to make them resticted free agents. Though all these players showed plenty of value last season, Romeo could be the odd man out after missing 39 games last season due to various injuries. Nothing is set in stone, so stay tuned for more updates.