Nick Smith Jr.
ROOKIE SCALE CONTRACTUFA (Waived)Nick Smith Jr. signed a 2-4 year, $12,651,907 contract with the Charlotte Hornets on Jul 3, 2023. The contract has a cap hit that ranges from $2,463,960 to $4,890,067.
- Total value
- $12,651,907
- Guaranteed
- $7,761,840 (61%)
- AAV
- $3,162,977
- Length
- 2 - 4 years
- Avg cap %
- 2.1%
- Signing method
- Rookie Exception
- Signing team
- CHA
- Signed
- July 3, 2023
| Season | Option | Cap hit | % Cap | Base | Guaranteed | Likely inc. | Unlikely inc. |
|---|---|---|---|---|---|---|---|
| 2023-24 | — | $2,463,960 | 1.8% | $2,463,960 | $2,463,960 | $0 | $0 |
| 2024-25 | — | $2,587,200 | 1.8% | $2,587,200 | $2,587,200 | $0 | $0 |
| 2025-26current | team opt ✓waived | $2,710,680 | 1.8% | $2,710,680 | $2,710,680 | $0 | $0 |
| 2026-27 | team optwaived | $4,890,067 | 3.0% | $4,890,067 | $0 | $0 | $0 |
Cap hold 2026-27: $41,240,250
Updated 7/27/2026WAIVED: This contract was waived (CHA - Sep 25, 2025)
DEAD CAP: This contract is a source of dead cap, refer to the Dead Cap section below for details