Edwards, Haliburton Earn Salary Increases With All-NBA Nods

The maximum-salary rookie scale extensions that Timberwolves guard Anthony Edwards and Pacers guard Tyrese Haliburton signed last offseason will have starting salaries worth 30% of the 2024/25 salary cap instead of 25% after both players made All-NBA teams. Edwards earned a spot on the Second Team, while Haliburton made the Third Team.

As our maximum-salary projections for ’24/25 show, based on a $141MM cap, the five-year deals signed by Edwards and Haliburton will now be worth $245,340,000 instead of $204,450,000. Those numbers could change if the cap comes in above or below $141MM.

Edwards and Haliburton agreed to Rose Rule language in their respective extensions. The Rose Rule allow players coming off their rookie scale contracts to receive salaries worth more than 25% of the cap in year five if they make an All-NBA team during the season (or two of the three seasons) before their extension goes into effect. Players can also qualify by being named Most Valuable Player or Defensive Player of the Year.

Hornets guard LaMelo Ball had similar language in his maximum-salary extension, but injuries prevented him from having any shot at All-NBA team in 2023/24, so his contract will be worth $204.45MM over five years.

Here are more of the financial implications of today’s All-NBA selections:

• Because Sixers guard Tyrese Maxey didn’t make an All-NBA team, his maximum salary as a restricted free agent this offseason will be worth 25% of the cap instead of 30%. He’ll be eligible for a five-year deal up to a projected $204.45MM.
• Mavericks guard Luka Doncic and Thunder guard Shai Gilgeous-Alexander met the super-max performance criteria by earning All-NBA nods for a second straight year, but neither player has enough years of service yet to sign a designated veteran extension this summer. Both Doncic and Gilgeous-Alexander will be eligible to sign super-max extensions, starting at 35% of the cap instead of 30%, during the 2025 offseason. As Bobby Marks of ESPN outlines (Twitter links), Doncic would be eligible for a five-year extension projected to be worth over $346MM that begins in 2026/27, while SGA could sign a four-year extension worth a projected $294MM+ that would begin in 2027/28.
• Celtics forward Jayson Tatum is one year ahead of Doncic and Gilgeous-Alexander — he met the super-max performance criteria by making a second straight All-NBA team in 2023, but was still one year away from having the required years of service at that time. He’ll be eligible this July to sign a five-year super-max extension that will start at 35% of the ’25/26 cap and be worth a projected $314.85MM.
• Players who would have been eligible for super-max extensions if they had made an All-NBA team include Kings guard De’Aaron Fox, Heat big man Bam Adebayo, Pelicans forward Brandon Ingram, and Nuggets guard Jamal Murray. All of those players could still qualify if they remain with their current teams and earn All-NBA honors next season, though it’s worth noting that Ingram is considered a trade candidate this summer and is highly unlikely to get a super-max offer even if he qualifies.
• Kings center Domantas Sabonis earned a $1.3MM contract bonus as a result of being named to the All-NBA Third Team, tweets James Ham of The Kings Beat.