The NBA salary cap is projected to be $58.6 million for the 2013-14 season. The Nuggets currently have 10 players with guaranteed contracts totaling $51.3 million: Lawson, McGee, Gallinari, Chandler, A. Miller, Arthur, Randolph, Fournier, Faried, and Hamilton. Quincy Miller also has a partial guarantee of $150 thousand. Due to cap holds for free agents, the Nuggets will be treated as a team over the salary cap and can therefore only sign players using the following methods:
- Bird rights for Iguodala, Brewer, and Mozgov, and Early Bird rights for Stone. The Nuggets can sign the first three players for any amount up to the maximum salary, and Stone for any amount up to $5.4 million.
- If Quincy Miller is not waived, his contract becomes fully guaranteed for an additional $639 thousand on opening night (totaling $789 thousand).
- The mid-level exception. The Nuggets can sign another team’s free agent for up to $5.15 million, or split the amount between multiple players.
- The bi-annual exception. The Nuggets can sign another team’s free agent for up to $2.02 million.
- The minimum salary. Teams can acquire any number of players for the minimum, which is usually treated as $789 thousand for salary cap purposes.
- The Nuggets can also participate in trades, including sign-and-trades. Incoming salary can be no more than 125 percent plus $100 thousand of the outgoing salary.
The luxury tax is projected to be $71.6 million. This leaves the Nuggets with $20.2 million with which to fill 3-5 roster spots while remaining under the luxury tax line.
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