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Players Eligible For In-Season Veteran Extensions In 2024/25

November 16th, 2024 at 1:08pm CST by Luke Adams

As we explain in our glossary entry on veteran contract extensions, rookie scale extensions have historically been the most common form of contract extension in the NBA. However, recent Collective Bargaining Agreements have loosened the rules on eligibility for veteran extensions and made them more financially advantageous, especially for players who don’t expect mega-deals.

As a result, we’ve seen a substantial bump in veteran contract extensions in recent seasons. During the 2021/22 league year, 21 players signed them, and that total jumped to 23 players in 2022/23. While there were only 17 veteran extensions in ’23/24, that total was eclipsed early in the 2024/25 league year and that list could continue to grow ahead of June 30, 2025.

[RELATED: 2024/25 NBA Contract Extension Tracker]

Certain extension-eligible players may prefer to wait until they reach free agency to sign a new contract, since their maximum extension would be far less than the maximum contract they’d be eligible to earn on the open market.

The maximum starting salary a player can receive in a veteran extension is up to 140% of his current salary. A player on a more modest contract can receive a maximum starting salary worth up to 140% of the NBA’s estimated average salary. In 2024/25, 140% of the estimated average salary would work out to a $18,102,000 salary in the first year of a contract extension. A player who signs an extension that fits that bill could get up to four years and approximately $81MM.

Wendell Carter Jr., Andrew Nembhard, and Ivica Zubac have all signed extensions meeting that criteria in 2024/25, albeit for three years each instead of four. Thunder guard Alex Caruso is the next noteworthy player who will become eligible for an extension that begins at $18,102,000.

Now that the regular season is underway, the group of veterans eligible for contract extensions has shrunk, since players with more than one year left on their contracts aren’t permitted to sign an in-season extension. But there are still a number of veterans in the final year of their respective contracts who remain eligible for extensions right up until the last day of the current league year (June 30).

Listed below are the players who meet the criteria for a veteran extension. Players who were recently traded can be extended, but they have to wait for six months after the trade to sign a contract longer than four total years (including the current season) with a first-year bump of more than 20% or a subsequent annual raise exceeding 5%. If a player below is noted as having “limited” eligibility until a certain date, that’s why.

Once a player regains his full extension eligibility, he becomes eligible to sign an extension of up to five total years (including the current season) with a 40% first-year raise (or 40% of the estimated average salary).

Additionally, extension-eligible players with a player or team option for 2025/26 would have to eliminate that option year as part of an extension agreement in order to meet the necessary criteria.

Here’s the full list of veterans eligible for contract extensions during the 2024/25 season:

Atlanta Hawks

Boston Celtics

Brooklyn Nets

Charlotte Hornets

  • None

Chicago Bulls

Cleveland Cavaliers

Dallas Mavericks

  • None

Denver Nuggets

  • None

Detroit Pistons

Golden State Warriors

Houston Rockets

Indiana Pacers

  • None

Los Angeles Clippers

Los Angeles Lakers

  • None

Memphis Grizzlies

  • None

Miami Heat

Milwaukee Bucks

Minnesota Timberwolves

  • Josh Minott
    • 2025/26 team option must be declined.
  • Julius Randle
    • Limited eligibility until April 4.
    • 2025/26 player option must be declined.

New Orleans Pelicans

New York Knicks

Oklahoma City Thunder

Orlando Magic

Philadelphia 76ers

  • None

Phoenix Suns

  • None

Portland Trail Blazers

Sacramento Kings

  • None

San Antonio Spurs

  • None

Toronto Raptors

Utah Jazz

Washington Wizards

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Grizzlies Notes: Jackson, Morant, Edey, Bane, Williams

November 15th, 2024 at 4:00pm CST by Luke Adams

After winning over 50 games in back-to-back seasons, the Grizzlies were decimated by injuries in 2023/24 and finished with a 27-55 record. As demoralizing as that season was, the team was able to find some silver linings. One was the offensive emergence of big man Jaren Jackson Jr., the only starter to remain relatively healthy — his 30.4% usage rate in ’23/24 dwarfed his previous career high.

“It was just a huge opportunity,” Jackson told Tim MacMahon of ESPN. “I haven’t ever been put in a position to be that offensively free in probably my life. Just getting those experiences, I can take that to any year that I have going forward.”

“Last year was a huge boost in his growth offensively,” head coach Taylor Jenkins added. “It was definitely an unintended opportunity, obviously as unfortunate as last season was, but his development was one of the brightest spots I could see.”

Jackson has carried those offensive strides over to ’24/25, matching his career-high 22.5 points per game through his first 10 outings and scoring much more efficiently (.547 FG%, .392 3PT%) than he did a year ago (.444/.320).

Grizzlies point guard Ja Morant, meanwhile, served a 25-game suspension to start the season, then was active for just nine games before suffering a season-ending shoulder injury that kept him out of action for the next 10 months. Obviously, that wasn’t an ideal outcome for the rising star, but he believes the experience could benefit him in the long run.

“I’d say it was for the better,” Morant said, per MacMahon. “It allowed me to lock in mentally, focus more. I was able to be around my family a lot during my recovery process, being able to travel, feel human again, go to my AAU teams’ games, watch them win, watch the joy that they have being out there playing. It had me itching to get back on the floor.”

Here’s more on the Grizzlies:

  • Morant is still on crutches and is considered week-to-week as he recovers from a right hip subluxation and pelvic muscle strains, according to Damichael Cole of The Memphis Commercial Appeal, who spoke to sports medicine specialist and orthopedic surgeon Michael Gerhardt about Morant’s diagnosis and potential recovery timeline. “Based on what the reports are, I’d say it could be anywhere from three-to-six weeks for a return to play,” Gerhardt said, noting that the injury is an uncommon one for basketball players.
  • Ahead of this year’s draft, some teams didn’t have Zach Edey on their first-round boards, sources tell MacMahon. However, the Grizzlies were happy to select him with the No. 9 overall pick and made him a day-one starter. Edey has come off the bench in Memphis’ past three games, but Jenkins said that move wasn’t meant to be a demotion for the rookie and that it was designed to let the team evaluate different lineup combinations. Mark Medina of Athlon Sports has more on the Grizzlies’ belief in Edey and the early stages of his NBA career.
  • Vince Williams (left tibial stress reaction), who has yet to make his season debut, isn’t the only injured Grizzlies player who is close to returning. Desmond Bane (right oblique strain) is also listed as questionable to play on Friday in Golden State after missing Memphis’ past seven games, tweets Michael Wallace of Grizzlies.com. Both Williams and Bane participated in today’s shootaround and their availability vs. the Warriors will be determined after pregame workouts, Wallace adds.
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Northwest Notes: Jokic, Collins, Filipowski, Flagler

November 15th, 2024 at 2:36pm CST by Luke Adams

Nuggets superstar Nikola Jokic has been ruled out for Friday’s game in New Orleans – Denver’s first NBA Cup matchup – for personal reasons, as Bennett Durando of The Denver Post writes.

The Nuggets have a +11.3 net rating in Jokic’s 381 minutes on the court this season, compared to a -28.5 mark in the 109 minutes he hasn’t played. While that doesn’t bode particularly well for tonight’s contest, they’ll be facing a banged-up Pelicans squad that’s missing six rotation players, so it’s still a winnable game.

Zeke Nnaji, Dario Saric, and DeAndre Jordan are among the candidates to play frontcourt minutes in Jokic’s absence.

Here’s more from around the Northwest:

  • Although some of John Collins‘ numbers, including an identical 37.1% three-point rate, look similar to the ones he posted last season, the veteran big man looks more comfortable so far in his second season with the Jazz, according to Andy Larsen of The Salt Lake Tribune, who points to Collins’ increased usage rate, improved assist rate, and better on/off numbers as positive signs. After deploying him as their starting center for much of last season, the Jazz are using Collins more as a power forward – primarily off the bench – this fall and the role seems to suit him better, says Larsen. Collins still probably still isn’t a positive trade asset, but his value is moving in the right direction, Larsen adds.
  • Jazz rookie Kyle Filipowski played well in his fourth career start on Thursday, registering 14 points on 6-of-8 shooting and holding his own when switched on Luka Doncic, Larsen writes. Of the six players Utah has drafted over the past two seasons, Filipowski was the lowest pick (No. 32 overall in 2024), but he has looked like the promising prospect of the bunch so far this season, Larsen contends.
  • Former Baylor standout Adam Flagler, who has been in the Thunder‘s system since going pro in 2023, has logged just 25 total minutes across seven appearances at the NBA level since signing a two-way contract in February, but he continues to develop in the G League, where he has emerged as a leader this season for the Oklahoma City Blue, per Rylan Stiles of SI.com. “I have always been a guy that has led by example but wanting to be more vocal, especially for the team,” Flagler said. “Being here for a second year now, knowing what to expect is big for me to put guys in place and let them know they not out there by themselves.”
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NBA Repeater Taxpayer Tracker

November 15th, 2024 at 1:13pm CST by Luke Adams

As we outlined in our glossary entry on luxury tax penalties, an NBA team is subject to more punitive “repeater” tax rates if it finishes a season in luxury tax territory after having also done so in three of the previous four seasons.

If a team is a taxpayer after having stayed out of tax territory for at least two of the previous four seasons, it pays the “standard” tax rates. In 2024/25, those standard tax rates start at $1.50 per dollar in the first tax bracket and increase as a team moves deeper into the tax. By comparison, the repeater rates begin at $2.50 per dollar and are always one dollar higher than the standard rates.

In practical terms, this means that when the Warriors finished over $40MM above the luxury tax line in 2023/24 and were subject to the repeater rate, their tax bill was worth an estimated $177MM. If they had been paying the standard tax rates, that bill would have come in a little under $137MM, saving them $40MM+.

The gap between the standard and repeater rates will further increase beginning in 2025/26, when the NBA tweaks its rates to implement more punitive penalties for repeater taxpayers and teams that operate deep in tax territory. If those new rates had been in place for the 2023/24 Warriors, their tax bill would have exceeded $260MM.

With all that in mind, it’s worth keeping tabs on which teams are subject to the repeater penalties in each NBA season.

In the space below, we’ll monitor which NBA teams have been taxpayers in each of the previous four seasons, updating the list each offseason to ensure the four most recent seasons are accounted for. If a team shows up three of these four lists, they’ll be subject to the repeater tax rate in the current season, as noted at the bottom of the article.

This list 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.

Here are the taxpaying teams for the past four seasons:

Note: Teams marked with an asterisk (*) paid the repeater tax rate for that season.

2023/24:

  • Boston Celtics
  • Denver Nuggets
  • Golden State Warriors *
  • Los Angeles Clippers *
  • Los Angeles Lakers *
  • Miami Heat
  • Milwaukee Bucks *
  • Phoenix Suns

2022/23:

  • Boston Celtics
  • Brooklyn Nets
  • Dallas Mavericks
  • Denver Nuggets
  • Golden State Warriors *
  • Los Angeles Clippers
  • Los Angeles Lakers
  • Milwaukee Bucks
  • Phoenix Suns

2021/22:

  • Brooklyn Nets
  • Golden State Warriors
  • Los Angeles Clippers
  • Los Angeles Lakers
  • Milwaukee Bucks
  • Philadelphia 76ers
  • Utah Jazz

2020/21:

  • Brooklyn Nets
  • Golden State Warriors
  • Los Angeles Clippers
  • Los Angeles Lakers
  • Milwaukee Bucks
  • Philadelphia 76ers
  • Utah Jazz

Based on the lists above, the following teams will be subject to the repeater rate in 2024/25 if they finish the season in the tax:

  • Brooklyn Nets
  • Golden State Warriors
  • Los Angeles Clippers
  • Los Angeles Lakers
  • Milwaukee Bucks

Of those five teams, only the Nets are operating below the tax line at the time of publication. It’s possible that could change later in the season as a result of in-season trades — the Warriors and Clippers are currently better positioned than the Lakers or Bucks to duck the tax.

The Nets were a taxpayer in 2021, 2022, and 2023, but because they stayed out of tax territory in 2024, they can reset their repeater clock and avoid paying the more punitive rates until at least 2029 if they avoid the tax this season. It’s a safe bet they’ll do so.

Having been in tax territory in both 2023 and 2024, the Celtics, Nuggets, and Suns are the teams currently projected to become new repeater taxpayers during the 2025/26 season if they finish the ’24/25 season in the tax, which is highly likely.

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Nets’ Claxton Out At Least One Week With Back Strain

November 15th, 2024 at 11:47am CST by Luke Adams

Nets center Nic Claxton has been diagnosed with a lower back strain and will receive an epidural injection later today, according to the team (Twitter link via Ian Begley of SNY.tv).

The plan is to reevaluate Claxton in one week, meaning he’ll miss at least Friday’s and Sunday’s games against the Knicks, as well as Tuesday’s contest vs. Charlotte. In a best-case scenario, he’d make it back for next Friday’s matchup with the Sixers in Philadelphia, but it’s certainly possible he’ll remain sidelined for longer than a week.

Claxton missed the entire preseason due to a hamstring injury and was rounding back into form in recent weeks, having reclaimed his spot in Brooklyn’s starting lineup last Monday (November 4). The big man has averaged 8.6 points, 7.7 rebounds, a career-high 2.5 assists, and 1.2 blocks in 24.8 minutes per game across his first 11 appearances (five starts) this season.

Until Claxton returned to the starting five, Ben Simmons had gotten the nod as the Nets’ starting center. Simmons has been coming off the bench as of late and head coach Jordi Fernandez spoke this week about the former No. 1 pick looking comfortable in his natural point guard position, but it’s possible Simmons will rejoin the starters until Claxton gets healthy.

Nets reserve center Day’Ron Sharpe has yet to make his season debut due to a hamstring injury. Noah Clowney, who earned one start earlier this season when Simmons was out and Claxton was still on a minutes limit, would be another option for Brooklyn at center.

The Nets have gotten off to a respectable 5-7 start this season, but they’ve been at their best with Claxton on the floor. His +5.7 net rating ranks first among Brooklyn players; the club has been outscored by eight points per 100 possessions when he’s not on the court.

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And-Ones: TNT Lawsuit, Diamond Sports, Handy, Johnson, More

November 15th, 2024 at 11:12am CST by Luke Adams

Rumors began to circulate on Wednesday that the NBA and TNT Sports have opened settlement talks in an attempt to resolve the lawsuit Warner Bros. Discovery filed against the NBA earlier this year, according to Michael McCarthy and A.J. Perez of Front Office Sports.

“I know [both sides] want to solve this,” one source told Front Office Sports.

“It has to be soon,” another source said. “They don’t want to let it drag on.”

Warner Bros. Discovery, TNT’s parent company, sued the NBA after the league refused to recognize its matching rights and argued that TNT’s offer didn’t match the specific terms of the league’s deal with Amazon Prime. A settlement has always been considered the most likely outcome, since neither the NBA nor TNT is believed to be seeking a lengthy trial process that results in confidential details becoming public.

As McCarthy and Perez note, settlements are typically financial, but it’s not out of the question that the league could award TNT a smaller broadcast rights package after leaving the network out of its latest round of media rights deals with Disney, NBC, and Amazon.

We have more odds and ends from around the basketball world:

  • Diamond Sports Group, the parent company of the FanDuel Sports Network (formerly Bally Sports), will emerge from bankruptcy following a federal judge’s ruling on Thursday, according to Evan Drellich of The Athletic. Viewers will have the option of subscribing on a season-long, monthly, or per-game basis to their local Diamond Sports network to watch NBA broadcasts, per The Associated Press. Diamond, which broadcasts games for 13 NBA teams, will also offer subscriptions through Amazon Prime Video, though the exact details of that arrangement have yet to be announced, Drellich adds.
  • Phil Handy, a veteran NBA assistant coach who won titles with the Lakers, Raptors, and Cavaliers, will be the head coach of a team in Unrivaled, the new 3-on-3 professional women’s basketball league debuting in January, says Marc J. Spears of Andscape. Handy became a coaching free agent in the spring when the Lakers fired all of their assistants after letting go of head coach Darvin Ham. Handy is one of six Unrivaled head coaches announced on Friday by the league (Twitter link).
  • In the wake of rumors that Anadolu Efes wing Stanley Johnson is exploring other professional options, the former NBA lottery pick stated on Twitter that he’s “very happy” with Efes and doesn’t plan on leaving the Istanbul-based club anytime soon. Johnson has had a very modest role in EuroLeague competition so far, averaging just 2.4 points and 1.9 rebounds in 10.3 minutes per game across seven outings.
  • John Hollinger of The Athletic takes a closer look at 10 relatively unheralded role players who have gotten off to strong starts this season, including Hawks guard Dyson Daniels, Grizzlies big man Jay Huff, and Cavaliers guard Ty Jerome, among others.
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Atlantic Notes: Maxey, Raptors, Bridges, Celtics

November 15th, 2024 at 10:00am CST by Luke Adams

Sixers guard Tyrese Maxey, who is recovering from a right hamstring strain, has resumed on-court work and will be reevaluated early next week, the team announced today (Twitter link via Gina Mizell of The Philadelphia Inquirer).

When Maxey’s hamstring injury was confirmed last Thursday, the team said he’d be reevaluated in one week, while reporting from Shams Charania of ESPN indicated he would likely be sidelined for approximately two weeks. Based on the latest update from the Sixers, it sounds like Maxey is still on track to meet that timeline, though we’ll have to wait to see how next week’s evaluation goes.

Here’s more from around the Atlantic:

  • Even after holding Milwaukee to 99 points on Tuesday, the Raptors rank 28th in the NBA with a 118.4 defensive rating. As Michael Grange of Sportsnet.ca writes, the team will need to clean things up on that side of the ball in order to be competitive and seemingly has the personnel to improve its performance. According to Grange, two keys for the Raptors will be reducing their foul rate and their turnover rate. They rank dead last in the league with 24.4 fouls per game and are 29th in opponents’ points off turnovers (23.2 per game).
  • Knicks forward Mikal Bridges is looking forward to facing his old team, the Nets, on Friday for the first time since being traded from Brooklyn to New York over the summer. “I think it’ll be good to see my guys,” Bridges said, per Zach Braziller of The New York Post. “I have a lot of good friends over there, even the coaching staff that’s there, all the way up to (general manager) Sean Marks and (assistant GM) Andy (Birdsong). I’m real close with a lot of those guys, so it will be good to see them.” As Braziller observes, the 5-6 Knicks are just a half-game ahead of the 5-7 Nets in the standings so far, with Bridges (15.6 PPG, 3.8 RPG, .304 3PT%) off to a relatively quiet start.
  • In a mailbag for MassLive.com, Brian Robb discusses Xavier Tillman‘s early-season struggles and explains why a reunion with former Boston center Robert Williams isn’t a viable trade option, among other Celtics-related topics.
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Bonuses To Watch For Potential Trade Candidates

November 15th, 2024 at 9:00am CST by Luke Adams

A total of 20 NBA trades were completed during the 2021/22 season. That number dipped to 17 in '22/23 before jumping to a whopping 27 in '23/24.

While it's possible the number of in-season trades made between now and the 2025 trade deadline will match or surpass those totals, I expect it to be more difficult than ever this season for teams to find suitable trade partners and viable deals as they navigate the cap, tax, and aprons.

Fourteen NBA teams are currently operating in luxury tax territory. Nine of those teams are over the first tax apron and four of those nine are over the second apron too, significantly restricting the types of moves they're permitted to make.

Of the 16 non-tax clubs, seven are within $5MM of the luxury tax line and will likely do all they can to avoid surpassing that threshold. A total of 17 clubs (some in the tax and some not) face hard caps that could further limit their flexibility.

In other words, completing even a fairly straightforward deal could require some creativity, given the roadblocks that teams will have to work around on the trade market.

There's also another complicating factor for teams to consider, which we want to focus on today. In the space below, we'll take a closer look at how two forms of bonuses could impede trade scenarios this season, as well as identifying several top trade candidates with bonuses who are worth keeping an eye on.

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Central Notes: LaVine, Donovan, Bulls, Pistons, Cavs

November 15th, 2024 at 8:02am CST by Luke Adams

There have been reports in recent years of tension between Bulls star Zach LaVine and head coach Billy Donovan, who often didn’t see eye to eye with one another, but the relationship between LaVine and Donovan this season is as good as it’s ever been, one Bulls player tells Joe Cowley of The Chicago Sun-Times.

As Cowley writes, LaVine seems happier and more willing to buy in to Donovan’s system so far this fall. His increased engagement has been evident on the defensive end, which has typically been his Achilles heel. While LaVine still isn’t a lock-down defender, his effort level has been higher on that side of the ball this season.

“I’m definitely trying,” LaVine said of his defense. “I know what I can do on that end, especially in isolation one-on-one, and just try and make it tough on them.”

“I really respect and admire what he’s doing because he’s trying to play on both ends of the floor and he’s giving everything he has on both ends,” Donovan said.

Here’s more from around the Central:

  • The Bulls are just 5-7 so far this fall, but have picked up impressive road wins in Milwaukee, Memphis, and New York. Are they a little too talented to finish in the bottom 10 of the NBA standings and retain their protected 2025 first-round pick? Darnell Mayberry of The Athletic weighs that question, noting that a scenario in which the Bulls miss the playoffs but have their pick land in the 11-14 range would be a worst-case outcome.
  • Pointing out it took the Pistons just 13 games to get to five wins this season after it required 44 games a year ago, Omari Sankofa II of The Detroit Free Press (subscription required) identifies Isaiah Stewart, Malik Beasley, and rookie Ron Holland as three players whose stock is up in the early going. While Cade Cunningham‘s shooting percentages (.456 FG%, .364 3PT%) are career highs, Sankofa has the former No. 1 overall pick in the “stock down” section of his article, observing that Cunningham needs to cut back on his turnovers (5.0 per game).
  • David Aldridge of The Athletic considers whether the 13-0 Cavaliers are built for postseason success, while Grant Afseth of Sportskeeda takes a look at the role that Georges Niang, whom head coach Kenny Atkinson refers to as a crucial “connector,” plays in Cleveland’s game plan.
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