DeRozan Trade Notes: Contract, Draft Picks, Spurs’ Moves, CP3

DeMar DeRozan‘s new three-year contract with the Kings is worth $73.7MM, according to ESPN’s Adrian Wojnarowski (Twitter link), who says the third year is partially guaranteed for $10MM.

If we assume the contract has a standard ascending structure with 5% annual raises, that would work out to about $48MM in guaranteed money for DeRozan across the first two seasons, with $58MM guaranteed in total.

Here’s more on the three-team sign-and-trade deal sending DeRozan to Sacramento that was officially finalized on Monday:

• The two second-round picks the Kings sent to the Bulls in the trade are Sacramento’s own 2025 and 2028 second-rounders, per RealGM. The Kings have also traded away their own 2025 first-round pick (top-10 protected) and recently dealt Portland’s 2025 second-rounder to Toronto, so they currently don’t control any selections in next year’s draft.
• The fact that the Spurs only had to make one roster move (waiving Charles Bassey) to finalize the trade suggests that Harrison Barnes gave up his $3.7MM trade kicker in order to make the math work, as LJ Ellis of SpursTalk writes. Even with Barnes waiving that trade bonus, the numbers still don’t quite add up unless Chris Paul‘s cap hit comes in a little lower than the $11MM figure initially reported — Paul’s deal may include unlikely incentives that wouldn’t count against the cap but could push the value of his deal to $11MM (or higher), as cap expert Yossi Gozlan speculates (via Twitter).
• Prior to completing the deal, the Spurs renounced their rights to a handful of free agents, including two players to whom they previously issued qualifying offers: Sandro Mamukelashvili and David Duke (Twitter link via Keith Smith of Spotrac). That doesn’t preclude bringing back either player, but Mamukelashvili and Duke are now unrestricted free agents, so San Antonio wouldn’t have the right to match an offer they get from another team.
• The inclusion of RaiQuan Gray, who is on a two-way contract, was necessary in order for the Spurs and Bulls to “touch” in the three-team trade (ie. each club has to send or receive an asset from the other two teams in the deal). However, Gray – who was sent from San Antonio to Chicago – will be waived by the Bulls, as K.C. Johnson of NBC Sports Chicago reported (via Twitter). The Spurs now have two open two-way slots, while Chicago will have one once Gray is officially cut.
• Barnes, who had been a King since 2019, published a pair of tweets thanking the franchise, city, and fans for the experience. “To Kings fans and all of SAC, this city will always hold a special place in my heart,” Barnes wrote as part of a longer statement. “Thank you for embracing me and making this city feel like home. Your passion and love for the game are unmatched. Grateful for the memories we made together!”