The NBA’s 2024 July moratorium has officially ended, as of 11:00 am Central time, meaning teams are now allowed to conduct all official business. The moratorium is the period at the start of the NBA league year when teams are permitted to agree to trades and free agent contracts, but can’t yet formally finalize them.
[RELATED: 2024 NBA Free Agent Tracker]
There are a number of types of deals that can be completed during the moratorium, as we’ve seen this week. Teams can sign first- or second-round picks to their rookie contracts, two-way contracts can be made official, and players signing minimum-salary contracts can also finalize those deals. Still, the majority of the deals agreed upon since the end of the NBA Finals are not yet official.
Although the end of the moratorium signals the beginning of official business for many teams, those teams aren’t obligated to immediately finalize deals reached during the moratorium. Salary-cap machinations and intertwined trades mean that patience will be required on certain moves.
The Sixers, for instance, are signing Tyrese Maxey to a five-year, maximum-salary contract, but doing so will increase his cap charge from approximately $13MM (his cap hold) to over $35MM (his new salary). Philadelphia will wait until it has used up all its cap room and then will go over the cap to complete that signing, so as not to unnecessarily sacrifice $22MM in space.
[RELATED: 2024 NBA Offseason Trades]
Now that the moratorium has lifted, we’ll be updating our stories of contract and trade agreements to reflect when they become official.
For top headlines from the last week, like the deals involving Paul George, LeBron James, and other big-name free agents, we’ll bump those stories to the top of the site or publish new stories so you don’t miss news of them becoming official. Completed trades will also be moved to the top of the site.
However, since we don’t want to bury new news amidst confirmation of old signings, our stories on smaller deals won’t be moved to the top of our feed unless there are new developments or details.
Best website on the planet for keeping track of all this stuff. Kudos to the hard-working team.
Ain’t that the truth.
I have a question for Luke (Gary chime in please). If the GSW want to trade for Lauri M, what must the matching salaries be or how do they work? ie, does Wiggins make too much, does LM make too much, etc. What must the salary match be? Am I making any sense?
The main thing to remember is that no matter how it’s structured the Warriors can’t take back more salary than they send out, since the are hard-capped at the 1st Apron. So if they’re taking back LM’s $18MM salary, they have to send out at least that much.
To clarify, they’re technically allowed to take back more salary than they send out, but given the reported terms of the Hield/Anderson/Melton deals, they may not actually have the room below the first apron necessary to do that. Sounds like they’ll be right up against it.
I realize they’re hard capped. But I don’t know if an exception might apply. in other words I’m a little unsure But thanks for the response xdrta
@claude raymond By rule, the Warriors would only need to send out $10,544,544 in salary to take on Markkanen. In actuality, sending that little likely won’t be possible because it would take them over the first-apron hard cap.
Hard to say exactly how much they’d need to send out to avoid going over the first apron until we see the terms of the Anderson, Hield, and Melton contracts.
thx Luke
Please push any details about Bronny to the top of the feed…
I’m more interested in teams that screw up cap management by doing things the wrong way when they should’ve done it the right way whatever that might be