Sacramento Waives WEB, Contracts and Salary Cap Details
Contracts, Cap Breakdowns, and Dead Money
The Sacramento Kings have waived Wenyen Gabriel (WEB) on September 12, 2023. Here are the details of his contract and the impact on the team's salary cap:
WEB's Contract and Salary Cap Details
- 2022-23 Brooklyn Nets: $1,510,690
- 2022-23 Detroit Pistons: $9,240,000
- 2021-22 New York Knicks: $8,800,000
With WEB's contract being waived, the Kings will save approximately $9.5 million in salary for the 2022-23 season.
Dead Money and Cap Space
WEB's waiver does not create any dead money for the Kings, meaning it will not affect their salary cap in future seasons. The team now has approximately $25 million in salary cap space, which they can use to sign free agents or make trades.
Nerlens Noel's Net Worth and Salary
According to various sources, Nerlens Noel's net worth is estimated to be around $40 million. He has made approximately $45,448,874 in his NBA career to date.
Noel's current salary for the 2022-23 season with the New York Knicks is $9,882,218.
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