The four-year contract that veteran swingman Svi Mykhailiuk signed with the Jazz only includes $3.5MM in guaranteed money, Hoops Rumors has learned — that $3.5MM is the salary Mykhailiuk will earn in 2024/25.
The second and third years of Mykhailiuk’s deal, worth $3.675MM and $3.85MM respectively, are non-guaranteed, as is his $4.025MM team option for the 2027/28 season. The 27-year-old could earn up to a total of $15.05MM if he plays out the entire contract, but $11.55MM of that money is non-guaranteed.
June 30 represents Mykhailiuk’s annual salary guarantee date, so the Jazz would have to waive him by June 30, 2025 to avoid being on the hook for his full ’25/26 salary. That deadline also applies to each of the following two seasons.
Here are more details on recently signed contracts from around the NBA:
- Drew Eubanks will earn a $5MM guaranteed salary from the Jazz this season, with a $4.75MM non-guaranteed salary for 2025/26, Hoops Rumors has learned. Both Mykahiliuk and Eubanks were signed using a portion of Utah’s leftover cap room.
- Cole Swider‘s one-year, non-guaranteed contract with the Pacers is worth the minimum salary and includes Exhibit 9 language, Hoops Rumors has learned. It doesn’t feature Exhibit 10 language, which suggests the plan probably isn’t for Swider to join Indiana’s G League team if he’s waived during training camp. The third-year forward vie for a spot on the Pacers’ 15-man regular season roster.
- The two-way contracts recently signed by Enrique Freeman with the Pacers and Anzejs Pasecniks with the Bucks are each one-year deals, so both players will be eligible for restricted free agency in 2025.