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Quick: Over the cap and hard-capped by the Daniel Theis sign-and-trade.
Salary Cap: $112,414,000
Luxury Tax Threshold: $136,606,000
Hard Cap: $143,002,000
Projection for 2022-23 (cap $119 million): Up to $40.6 million in cap space, none with John Wall.
Roster Count: 13 guaranteed, two non-guaranteed, one two-way, three summer contracts
PG: John Wall, Kevin Porter Jr, DJ Augustin
SG: Jalen Green, Eric Gordon, Josh Christopher, Daishen Nix (summer contract), Armoni Brooks (summer contract)
SF: KJ Martin, David Nwaba, Danuel House, Khyri Thomas
PF: Jae’Sean Tate, Usman Garuba, Matt Hurt (two-way), Tyler Bey (summer contract)
C: Christian Wood, Daniel Theis, Alperen Sengun
Note: Teams often adjust their depth chart throughout the season, sometimes game by game.
- Trade Exception (James Harden, expiring 11/20/21) — $5,019,920
- Trade Exception (Rodions Kurucs, expiring 2/5/22) — $1,780,152
- Non-Taxpayer Mid-Level Exception — $9,536,000
- Bi-Annual Exception — $3,732,000
Non-Guaranteed Salaries — Next Cut-Down Date*
- Khyri Thomas $1,762,796 — 1/7/22
- Jae’Sean Tate $1,517,981 — 1/7/22
* Teams and players can agree to push back cut-down dates but not past January 7 each year.
Free Agents (with Cap Holds)
- Full Bird: Dante Exum ($18,240,000), DJ Wilson ($13,644,840)
- Non-Bird: Avery Bradley ($6,762,000), Anthony Lamb (two-way, RFA), Michael Frazier*** (two-way)
*** Cannot be included in a sign-and-trade
- Anthony Lamb (two-way with $50,000 guaranteed, issued)
- Kevin Porter Jr (fourth-year)
Waived Players: None
Traded Players: None
G-League Affiliate: Rio Grande Valley Vipers (general manager Jimmy Paulis, head coach Matt Brase)
Two-Way Contracts: Matt Hurt
Note: Two-Way Contracts pay $462,629 for the full 2021-22 season, pro-rated based on in-season signing date.
Governor: Tilman Fertitta
- Rafael Stone — general manager
- Eli Witus — executive vice president of basketball operations and assistant general manager
- Keith Jones — senior vice president of basketball operations
- Chris Wallace — position TBD
- Matt Bullard — position TBD
Head Coach: Stephen Silas
Assistants: John Lucas, Jeff Hornacek, Will Weaver, Rick Higgins, DeSagana Diop
Trainers: Jason Biles (head athletic trainer/director of athlete care & science, Willie Cruz (director of athletic performance)
- 2022 — The higher two first-rounders from the Brooklyn Nets, Miami HEAT (15-30) and Rockets to Houston, the lowest to the HEAT. If Miami is 1-14, both the Nets and Rockets first-rounders, and the lower second-rounder from the Denver Nuggets and Philadelphia 76ers to Houston (James Harden, Victor Oladipo).
- 2022 — Owe a second-rounder to the Cleveland Cavaliers (Alec Burks).
- 2023 — Owed a first-rounder from the Milwaukee Bucks (PJ Tucker).
- 2023 — The higher first-rounder from the Brooklyn Nets or Rockets (James Harden).
- 2023 — Owe a second-rounder (31 or 32) to the Indiana Pacers, else the highest of the Rockets (33-60) and (the lower of the Dallas Mavericks and Miami HEAT) to the Boston Celtics, and the lowest of the Rockets (33-60), Dallas and Miami to the Pacers (Josh McRoberts, Delon Wright, Bruno Caboclo, Desmond Bane, James Johnson, James Harden, Kemba Walker).
- 2024 — Owed a first-rounder from the Brooklyn Nets (James Harden).
- 2024 — Owed second-rounder from the Golden State Warriors (Eric Paschall, Clint Capela) in 31-55 range.
- 2024 — Owe a first-rounder (top-four protected, otherwise converts to 2024 and 2025 second-rounders) to the Oklahoma City Thunder (Russell Westbrook).
- 2025 — The highest first-rounder from the Oklahoma City Thunder, Los Angeles Clippers and Rockets (11-30) swap to the Thunder. The Rockets can swap the resulting first (from the Thunder or Rockets) with the Brooklyn Nets. If the Rockets are 1-10, Houston can swap with the Nets (Paul George, Russell Westbrook, James Harden).
- 2026 — Owed a first-rounder from the Brooklyn Nets (James Harden).
- 2026 — Owe a first-rounder (top-four protected, otherwise converts to a 2026 second-rounder and a payment of $1 million) to the Oklahoma City Thunder (Russell Westbrook).
- 2027 — The higher first-rounder from the Brooklyn Nets and Rockets to Houston (James Harden).
- 2027 — The three highest second-rounders from the Oklahoma City Thunder, Indiana Pacers, Miami HEAT and Rockets to the Thunder, the lowest to the Utah Jazz (Christian Wood, Hamidou Diallo, Derrick Favors).
Cash Paid ($5,785,000 max): $1.1 million to the Chicago Bulls (Daniel Theis) — $4,685,000 remaining
Cash Received ($5,785,000 max): $0
- 10/19/21 — First day of the 2021-22 regular season.
- 10/31/21 — Team option on Kevin Porter Jr.
- 11/20/21 — James Harden trade exception expires.
- 12/15/21 — No-trade restrictions lift on Armoni Brooks, Daniel Theis, Tyler Bey and Daishen Nix.
- 1/7/22 — Khyri Thomas’ $1,762,796 guarantees for 2021-22.
- 1/7/22 — Jae’Sean Tate’s $1,517,981 guarantees for 2021-22.
- 1/7/22 — Armoni Brooks and Tyler Bey’s $1,489,065 guarantee for 2021-22.
- 1/7/22 — Daishen Nix’s $925,258 guarantees for 2021-22.
- 1/15/22 — No-trade restriction lifts on David Nwaba.
- 2/5/22 — Rodions Kurucs’ trade exception expires.
- 2/11/22 — Victor Oladipo trade exception expires.
- 4/10/22 — Final day of the 2021-22 regular season.
- 6/23/22 — NBA Draft.
- 6/29/22 — Player option on John Wall.
- 6/29/22 — Team option on Jae’Sean Tate.
- 6/29/22 — KJ Martin’s $1,782,621 guarantees for 2022-23 (two days before the start of the 2022-23 moratorium).
- 6/29/22 — Qualifying offer deadlines for Armoni Brooks, Matt Hurt, Tyler Bey and Daishen Nix.
- 7/1/22 — DJ Augustin’s $7,333,333 guarantees for 2022-23.
- 7/1/22 — Start of the 2022-23 calendar year and moratorium.
- 7/5/22 — Final day of the moratorium.
- 8/1/22 — Khyri Thomas’ salary guarantees at $300,000.
- Before the first day of 2022-23 season — Extension deadline for Kevin Porter Jr.
- Before the first game of the 2022-23 season — Khyri Thomas’ $1,910,860 guarantees for 2022-23.
- 10/31/22 — Team option on Jalen Green, Usman Garuba, Alperen Sengun and Josh Christopher.
- 1/7/23 — Jae’Sean Tate’s $1,782,621 guarantees for 2021-22.
- 6/28/23 — Eric Gordon’s $20,917,02 guarantees for 2023-24*.
- 6/29/23 — Qualifying offer deadline for Kevin Porter Jr and Jae’Sean Tate
- 6/29/23 — Team options on KJ Martin and Khyri Thomas.
- 6/29/23 — KJ Martin’s $1,930,681 guarantees for 2023-24
- 8/1/23 — Khyri Thomas’ salary guarantees at $339,946
- Before the first day of 2023-24 season — Extension deadline for Kevin Porter Jr.
- Before the first game of the 2023-24 season — Khyri Thomas’ $2,165,298 guarantees for 2023-24.
- 6/29/23 — Qualifying offer deadline for Kevin Porter Jr.
- 6/29/23 — Team option on David Nwaba.
- 10/31/23 — Team options on Jalen Green, Usman Garuba, Alperen Sengun and Josh Christopher.
- 6/29/24 — Team option on Daniel Theis.
- Before the first day of 2024-25 season — Extension deadline for Jalen Green, Usman Garuba, Alperen Sengun and Josh Christopher.
- 6/29/25 — Qualifying offer deadline for Jalen Green, Usman Garuba, Alperen Sengun and Josh Christopher.
Teams and players can renegotiate guarantee dates but no later than January 7 each year.
* Eric Gordon’s 2023-24 salary guarantees in full if he’s named an NBA All-Star before the 2023-24 season, or the team wins a championship before the 2023-24 season, provided Gordon plays in at least 500 regular season minutes or in 750 minutes combined over the regular and postseason.
- 6/22/21 — Received the No. 2 pick in the NBA Draft Lottery.
- 7/29/21 — Drafted Jalen Green (2021-2nd), Usman Garuba (2021-23rd) and Josh Christopher (2021-24th)
- 7/30/21 — Traded a protected Detroit Pistons 2022 first-rounder (top-16 protected through 2022, top-18 protected through 2024, top-13 protected in 2025, top-11 protected in 2026, top-9 protected in 2027, otherwise conveys as 2027 second-rounder) and a protected Washington Wizards 2023 first-rounder (lottery protected in 2023, top-12 in 2024, top-10 in 2025, top-8 in 2026, otherwise converts to 2026 and 2027 second-rounders) to the Oklahoma City Thunder for Alperen Sengun (2021-16th).
- 7/31/21 — KJ Martin’s $1,517,981 guaranteed for the 2021-22 season.
- 8/1/21 — Issued qualifying offers to Anthony Lamb and Armoni Brooks.
- 8/1/21 — Opted Avery Bradley out of the final year of his contract.
- 8/1/21 — Declined to issue a qualifying offer to DJ Wilson.
- 8/5/21 — Signed Jalen Green (2021-2nd) to a $40,808,448 rookie-scale contract.
- 8/6/21 — Signed Josh Christopher (2021-24th) to a $11,463,215 rookie-scale contract.
- 8/6/21 — Signed Alperen Sengun (2021-16th) to a $15,550,974 rookie-scale contract.
- 8/8/21 — Re-signed David Nwaba to a three-year $15,066,000 contract, via Early Bird Rights.
- 8/9/21 — Traded cash $1.1 million to the Chicago Bulls for Daniel Theis, via sign-and-trade using the Victor Oladipo trade exception, to a four-year $35,605,512 contract via Early Bird Rights.
- 8/11/21 — Austin Rivers trade exception ($2,174,318) expired.
- 8/13/21 — Signed Matthew Hurt to a two-way contract (Exhibit 9).
- 8/15/21 — Signed Usman Garuba (2021-23rd) to a $11,805,395 rookie-scale contract.
- 8/24/21 — Signed Daishen Nix to a non-guaranteed $925,258 minimum summer contract (Exhibits 9 and 10).
- 8/24/21 — Signed Tyler Bey to a non-guaranteed $1,489,065 minimum summer contract (Exhibits 9 and 10).
- 8/27/21 — Re-signed Armoni Brooks to a non-guaranteed $1,489,065 minimum summer contract (Exhibits 9 and 10).
- 8/31/21 — Russell Westbrook trade exception ($103,894) expired.
No-Trade: Armoni Brooks (One-Year Bird)
- Daniel Theis — 15 percent
Note: Players can waive their trade bonuses.
Expired 10-Day Contracts: None
Rookie-Scale Extension Eligible
Unsigned Draft Picks
- First-rounders: None
- Second-rounders: Serhiy Lishchuk (2004-49th), Venson Hamilton (1999-50th)
Arena: Toyota Center
Salary and team data change quite often. If you notice a discrepancy, please notify Basketball Insiders Senior Writer Eric Pincus.
(Updated on 9/1/21)
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