Having already created a space to track this offseason’s player option decisions, we’re turning our attention today to team options. Over the next couple months, we’ll use the space below to keep tabs on all the team options for 2023/24, making note of whether they’re exercised or declined.
True team options are different than non-guaranteed salaries, which aren’t listed in the space below. Non-guaranteed salaries are less restrictive and provide a little more flexibility than team options, which clubs must act upon by a specific date (June 29) each year.
However, team options can be useful at the end of a contract, since turning down that option allows the team to retain some form of Bird rights on the player — waiving a player with a non-guaranteed salary doesn’t present that same opportunity. Additionally, a handful of contracts still don’t become fully guaranteed once an option is picked up, giving teams an extra level of flexibility.
The list below doesn’t include rookie scale team options for 2023/24, since those third- and fourth-year options function differently than team options on standard veteran contracts. Those ’23/24 rookie scale team option decisions were made during the 2022 offseason, and can be found here.
The standard team options for 2023/24 are listed below. This list – which can be found anytime under the “Hoops Rumors Features” menu on the right sidebar on our desktop site or on the “Features” page in our mobile menu – will be updated throughout the fall to note the latest decisions as they’re reported and/or announced.
Unless otherwise indicated, a player’s salary will become guaranteed once his team option is exercised.
Boston Celtics
- Mike Muscala ($3,500,000): Exercised
- The Celtics exercised Muscala’s option in order to trade him to the Wizards.
Cleveland Cavaliers
- Lamar Stevens ($1,930,681): Exercised
- Note: Stevens’ salary remains non-guaranteed.
Detroit Pistons
- Alec Burks ($10,489,600): Exercised
- Eugene Omoruyi ($1,927,896): Exercised
- Note: Omoruyi’s salary remains non-guaranteed.
- Isaiah Livers ($1,836,096): Exercised
Houston Rockets
- Kenyon Martin Jr. ($1,930,681): Exercised
Los Angeles Lakers
- Malik Beasley ($16,524,106): Declined
Memphis Grizzlies
- Xavier Tillman ($1,930,681): Exercised
Minnesota Timberwolves
- Nathan Knight ($1,997,238): Declined
New Orleans Pelicans
- Willy Hernangomez ($2,559,942): Declined
- Naji Marshall ($1,930,681): Exercised
- Herbert Jones ($1,836,096): Declined
New York Knicks
- Derrick Rose ($15,596,339): Declined
- Miles McBride ($1,836,096): Exercised
Oklahoma City Thunder
- Lindy Waters III ($1,927,896): Declined
Orlando Magic
- Michael Carter-Williams ($3,051,144): Declined
- Goga Bitadze ($2,066,585): Exercised
- Admiral Schofield ($1,997,238): Declined
Phoenix Suns
- Ish Wainright ($1,927,896): Exercised
- Note: Wainright’s salary remains non-guaranteed.
Portland Trail Blazers
- Kevin Knox ($3,000,000): Declined
Sacramento Kings
- Kessler Edwards ($1,927,896): Exercised