Month: November 2024

List Of Signed Offer Sheets Since 2008

Teams have a variety of avenues to retain their restricted free agents. They can wait for other teams to sign them to an offer sheet and match or negotiate their own long-term deal with the player. They can even convince the player to sign for his qualifying offer, though few restricted free agents have done that throughout the years, as we've documented.

With all the different means available for teams to re-sign their own players, restricted free agency usually tilts in favor of a player's original team, but once an offer sheet is signed, it's basically a 50-50 proposition whether the team will match, as recent data shows. So far this year, five players have signed offer sheets, two of which have been matched. Of the 26 offer sheets signed since 2008, 12 of them have been matched. Here’s a year-by-year look at those offer sheets, with the ones that teams declined to match in bold. 

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Grizzlies Trade Jeremy Pargo To Cavs

The Grizzlies have sent Jeremy Pargo, a 2014 second-round pick and cash to the Cavs for D.J. Kennedy, the Memphis Commercial Appeal reports (Twitter link). Pargo is entering the final season of a two-year, $2MM contract, and his $1MM is guaranteed for 2012/13. Kennedy has two more seasons on his deal at the minimum salary, both of which are non-guaranteed. The Cavs put out a press release on their website confirming the move.

"Our approach remains consistent as we try to bring in young talent, create future opportunity with draft picks as potential assets and maintain flexibility," Cavs GM Chris Grant said in the release. "Jeremy adds depth to our backcourt. He is a young, aggressive, athletic guard who we feel fits well with our style of play, both defensively and offensively. We look forward to welcoming him to Cleveland."

Pargo, the younger brother of Jannero Pargo, made his NBA debut for the Grizzlies last season after going undrafted out of Gonzaga in 2009. He averaged 2.9 points and 1.3 assists in 9.6 minutes a game as a backup to point guard Mike Conley. The 6'6" Kennedy wasn't drafted last year out of St. John's, but caught on with the Cavs in the final week of the season and played in two games, scoring 12 points and pulling down seven rebounds in a total of 59 minutes. Kennedy spent most of the season in the D-League, putting up 15.7 PPG, 7.3 RPG, and 4.4 APG in 37.4 MPG.

The Grizzlies are close to the luxury tax threshold of $70.31MM, so the deal might be a way for them to save money, since they could waive Kennedy without owing him anything. The Cavs have plenty of cap room to absorb the $1MM owed Pargo, and helps them at point guard, where the team is thin behind starter Kyrie Irving.

Jordan Hill Re-Signs With Lakers

JULY 25th, 5:09pm: The Lakers have officially announced the signing, according to Mike Trudell of Lakers.com (Twitter link).

JULY 20th, 7:59pm: Power forward Jordan Hill has reached an agreement to re-sign with the Lakers on a two-year deal worth nearly $8MM, his agent Kevin Bradbury tells Adrian Wojnarowski of Yahoo! Sports (Twitter link). Bradbury said Thursday the Timberwolves were "right there" with the Lakers in the competition for Hill's services, but apparently the Lakers won out, helped by their status as a title contender.

"Jordan was excited about the fact that Steve Nash decided to join the Lakers and the prospect of winning a championship in LA," Bradbury said to Wojnarowski (Twitter link). 

Wednesday, a report by Ramona Shelburne and Dave McMenamin of ESPNLosAngeles.com suggested the Lakers would turn their attention to re-signing Hill and extending the contract of Andrew Bynum if they were to back off trade talks for Dwight Howard, but it's unclear exactly what bringing back Hill means for a Howard-to-L.A. deal.

The Lakers are limited to paying Hill no more than $3,632,527 for 2012/13, believed to be the value of the team option in his previous contract. The Rockets declined that option long before a midseason trade that sent him to the Lakers. Teams are prohibited from re-signing players to contracts that would give the player a higher salary in a season than what he would have earned if his option had not been declined. Bradbury told David Aldridge of TNT that Hill turned down larger offers to return to the Lakers (Twitter link).

Hill averaged 5.0 points and 4.8 rebounds a game with a 15.8 PER last season with the Rockets and Lakers, coming to L.A. in a midseason trade. He appeared in only seven regular season games for the Lakers, but played in all 12 playoff games, leading all postseason performers in offensive rebounding percentage. 

The Wolves, who've missed out on other targets like Nicolas Batum and Courtney Lee of late, seem poised to shift their focus to Celtics restricted free agent Greg Stiemsma, tweets Jerry Zgoda of the Star Tribune.

Tom Penn Frontrunner To Become Sixers GM

WEDNESDAY, 4:31pm: The Sixers may not quite be on the verge of hiring Penn, but he is the frontrunner for the GM job, says Dei Lynam of CSNPhilly.com. Still, Philadelphia is expected to meet with former Hornets GM Jeff Bower this week, according to Ken Berger of CBSports.com (via Twitter). Bower was also in the running for front office positions in Portland and Orlando earlier this offseason.

TUESDAY, 2:28pm: The Sixers are close to hiring Penn to be their new GM, according to Bob Cooney of the Philadelphia Daily News. It is believed that if Penn lands the job, current GM Rod Thorn would immediately move to a new advisory role with the club.

SUNDAY, 4:28pm: Former Trail Blazers executive Tom Penn is a frontrunning candidate for the Sixers' general manager position, according to CBSSports.com's Ken Berger. Philadelphia had previously interviewed Danny Ferry for the position, before Ferry took the same job with the Hawks

According to Berger, Philadelphia's ownership group is expected to consider several candidates to handle the day-to-day duties under Thorn and eventually succeed him as team president. Penn has previously served as an assistant general manager in Portland, and was offered Minnesota's general manager position in 2009 before it was eventually given to David Kahn.

Rockets Sign White, Jones, Lamb

4:03pm: Jeremy Lamb has also signed his rookie deal, according to Mark Berman of FOX 26 Houston (Twitter link). Assuming he signed for the full 120%, the 12th overall pick will earn $2,020,200 in his rookie season.

3:46pm: A pair of Rockets first-round picks, Royce White and Terrence Jones, have signed their rookie contracts, according to Jonathan Feigen of the Houston Chronicle (via Twitter). The team's other first-rounder, Jeremy Lamb, is expected to sign in the coming days.

With Houston exploring a variety of roster moves this offseason, including trying to trade for Dwight Howard, it made sense that the team's three first-round picks had yet to sign. Now that White's and Jones' deals are official, their first-year salaries will officially show up among Houston's 2012/13 commitments. As the 16th and 18th overall picks, White and Jones will likely be in line for salaries of $1,645,440 and $1,485,000, respectively.

The two rookies are also ineligible to be traded for 30 days now, though if the Rockets wanted to include them in a deal for Howard or another player, the team could reach an agreement and then finalize the deal after that 30-day period.

Lakers Sign Antawn Jamison

JULY 25TH: The Lakers have officially signed Jamison, according to Mike Trudell of Lakers.com (via Twitter).

JULY 18TH: The Lakers have agreed to terms with Antawn Jamison on a one-year deal worth the veteran's minimum, according to Marc J. Spears of Yahoo! Sports (via Twitter). Rick Bonnell of the Charlotte Observer first reported earlier this week that Jamison had decided to become a Laker.

The decision is a little surprising, since Jamison could surely have landed a larger deal from another team, such as his hometown Bobcats. When the veteran forward discussed his free agency with Bonnell during the first week of July, it sounded as if he was leaning toward signing with Charlotte, but acknowledged that the opportunity to contend for a title would be tempting.

"The only thing left I haven’t accomplished is to be part of a championship team," Jamison said. "But the realization is signing with Miami or L.A. or Boston doesn’t mean it’s a shoo-in [a title run] would happen…. Spending two or three seasons [on a title contender] increases the chances, but it’s not guaranteed.

Even with no guarantee of a title, Jamison makes the Lakers that much more dangerous. Los Angeles has managed to add Jamison and Steve Nash to its roster this offseason without its mid-level exception, which GM Mitch Kupchak has indicated the team doesn't plan to use this summer.

Jamison saw his shooting averages dip to .403/.341/.683 in Cleveland last season, but still managed to average 17.2 PPG, along with a 16.1 PER. Surrounded by Nash, Kobe Bryant, Pau Gasol, and Andrew Bynum, Jamison will likely see a bump in his offensive efficiency, even at age 36.

Knicks Sign Ronnie Brewer

WEDNESDAY, 3:49pm: The Knicks have officially signed Brewer, tweets Jonah Ballow of NYKnicks.com.

TUESDAY, 10:52am: The Knicks have reached a contract agreement with Ronnie Brewer, according to TNT's David Aldridge (via Twitter). The former Bull will sign with New York on a one-year deal, which figures to be for the minimum salary.

Brewer was released by the Bulls earlier this month, clearing his non-guaranteed 2012/13 contract from their books. The 27-year-old had been set to earn $4.37MM if his contract with Chicago had been guaranteed, so he'll take a significant pay cut in joining the Knicks. Having spent their mid-level exception and with no means to sign-and-trade for Brewer, the Knicks can only offer the veteran's minimum for a player with Brewer's experience, which will be $1,069,509.

For the Knicks, Brewer represents a solid addition to a backcourt that is heavy on point guards and figures to be missing Iman Shumpert at the start of the season. Brewer will likely split time with J.R. Smith at shooting guard until Shumpert is healthy enough to return, and will perhaps see some time at the three as well.

Suns Sign Shannon Brown

WEDNESDAY, 3:33pm: Brown has officially signed his contract with the Suns, tweets Paul Coro of the Arizona Republic.

FRIDAY, 5:08pm: Shannon Brown has agreed to re-sign with the Suns, according to Marc J. Spears of Yahoo! Sports (Twitter link), confirming an earlier report by Vince Marotta of Arizona Sports. The deal is for $7MM over two seasons, tweets Adam Zagoria of SNY.tv. Paul Coro of the Arizona Republic reports that only half of his second-year salary is guaranteed (Twitter link).

Earlier this week we passed along a report from Gary Woelfel of the Racine Journal Times that Brown was close to signing with a mystery team. He speculated that the team might have been the Bucks, but it appears it was Phoenix all along. Brown said in May that he was interested in returning to the team, but wanted a multiyear deal. He wound up getting two seasons after signing a one-year, $3.5MM deal with the team last year.

Brown averaged 11.0 points on 42.0% shooting last season, compiling a 13.6 PER and starting 19 games. That was enough to keep Brown's salary at the same rate for next season and give him at least a bit of the long-term security he wanted, while allowing the Suns to maintain the flexibility to go after a major free agent next offseason.

Mavericks Sign Bernard James

The Mavericks have officially signed second-round pick Bernard James, the team announced today in a press release. James was selected 33rd overall in June's draft, one of three players Dallas acquired on draft night from the Cavs in exchange for 17th overall pick Tyler Zeller. His first-year salary of $473,604 will be fully guaranteed, according to Jeff Caplan of ESPNDallas.com.

James is a former Staff Sergeant in the Air Force, having served in Iraq, Afghanastan, and Qatar. His second-round selection provided one of the more memorable moments of draft night, when the Newark audience serenaded him with "U-S-A" chants. In five games for the Mavericks' Summer League team in Las Vegas, the 6'10" Florida State product nearly averaged a double-double, with 10.9 PPG, 9.0 RPG, and 2.6 BPG.

Extension Candidate: Ty Lawson

When the 2012/13 NBA season officially began on July 1st, the Clippers moved quickly to lock up All-Star forward Blake Griffin to a maximum-salary, five-year extension. To date, Griffin is the player heading into the final year of his rookie deal that has signed a contract extension, but there's no shortage of potential candidates. Brandon Jennings, Tyreke Evans, Stephen Curry, Jrue Holiday, Taj Gibson, and the Thunder's much-discussed duo of James Harden and Serge Ibaka are all eligible for extensions as well. However, the next player we see receive a new deal may be a guy that was picked with just the 18th overall pick in 2009 — Ty Lawson.

Playing on a Nuggets team that features a number of young, talented players, Lawson is the next one in line for an extension. With Danilo Gallinari (four years, $42MM), Wilson Chandler (five years, $31.7MM), Arron Afflalo (five years, $36.8MM), and most recently JaVale McGee (four years, $44MM) all locked up, Lawson could receive a long-term contract that exceeds all of them.

In his three seasons so far in Denver, Lawson has progressed in exactly the way the team hoped. As his minutes increased from 20.3 per game in 2009/10 to 34.8 in 2011/12, his production increased as well, from 8.3 to 16.4 PPG and 16.4 to 19.4 PER. While Lawson had a terrific regular season this past year, he was at his best in the postseason, nearly helping to lead the Nuggets to a first-round upset over the Lakers by averaging 19.0 PPG, 6.0 APG, and 23.2 PER.

The Nuggets re-signed Andre Miller to a three-year deal earlier this month, and he'll provide a solid veteran presence at the point in Denver. But Lawson definitely seems to be the team's long-term answer at the position — the 24-year-old has told multiple outlets in recent weeks that he's optimistic about working out an extension with the Nuggets at some point this summer.

So what kind of deal could Lawson be looking at? A pair of beat writers recently weighed in on the subject, with Chris Dempsey of the Denver Post opining (via Twitter) that the floor for Lawson's next deal should be $11MM annually, exceeding McGee's guarantee. Chris Tomasson of FOX Sports Florida (Sulia link), meanwhile, tempered his expectations slightly, but conceded that the young point guard could become the Nuggets' third player to command an eight-digit annual salary.

The Nuggets' 2012/13 books won't be affected by a Lawson extension, which wouldn't take effect until 2013/14, but Denver's handful of long-term contracts means they don't have a ton of flexibility going forward. With McGee, Miller, and Anthony Randolph signed to multiyear deals, the Nuggets' '13/14 commitments total over $60MM — a figure that includes Al Harrington's $7MM+ salary, which is only partially guaranteed and could be waived or traded. Still, an eight-digit salary for Lawson would take the Nuggets well over the cap, and could even see them approaching the tax threshold, depending on their other moves.

Lawson's annual salary could also vary depending on whether the Nuggets are willing to give him a five-year deal. A team is only allowed to sign one player coming off a rookie scale contract to a five-year contract, and it's hard to see why Lawson wouldn't be that designated player for Denver. He's a better candidate than other Nuggets on rookie deals, such as Kenneth Faried and Evan Fournier, and the team is unlikely to land a lottery pick anytime soon. If the Nuggets were to offer Lawson five years rather than four, perhaps they could reduce the annual cap hit slightly, in exchange for a larger overall guarantee.

Will a core of Lawson, McGee, Gallinari, Chandler, Afflalo, Faried, Fournier, and the rest ever be enough to challenge for a title? That much is still unclear, but so far the Nuggets have done a good job of signing multiyear deals that are still fairly movable if the team decides to move in another direction. Lawson seems to be heading for a long-term contract worth around $10MM annually, and based on his development in the first three years of his NBA career, that's another deal that should never become an albatross for Denver.