- After going undrafted out of North Carolina, Brady Manek is hoping to be considered for an open two-way slot with the Hornets, per Roderick Boone of The Charlotte Observer. Manek considered several possibilities before accepting a Summer League invitation from Charlotte. “I just wanted to get a chance just to be able to play, get to show what I’m about,” Manek said. “I’ve shown what I’m about. I’m not going to become a point guard overnight. I’m still Brady. I’m still going to be able to shoot it.”
- Hornets summer league player LiAngelo Ball remains hopeful for a true shot with the team, Roderick Boone of the Charlotte Observer writes. Ball is playing summer league with Charlotte for the second straight year. “Every little chance I get, I’ve got to come in and do everything right and play hard,” Ball said as part of a larger quote. His brothers, LaMelo and Lonzo, currently start for the Hornets and Bulls, respectively.
- Montrezl Harrell‘s court date has been pushed back until August, according to Sara Coello of the Charlotte Observer. Harrell was caught driving with three pounds of marijuana in Kentucky back in May. As Coello notes, Harrell’s offense could result in getting one-to-five years in prison, plus receiving a fine of up to $10K. Harrell finished last season with the Hornets and is now an unrestricted free agent.
Free agent guard Scottie Lewis underwent surgery on Thursday to repair a fractured lower left leg, the Hornets announced in a press release.
According to the team, there’s currently no timetable for Lewis’ return to the court, but he’s expected to make a full recovery.
Lewis, 22, was the 56th overall pick in the 2021 draft out of Florida and spent his rookie season on a two-way contract with the Hornets. He only played in two NBA games, but he was a regular for the Greensboro Swarm, Charlotte’s G League affiliate, averaging 12.1 PPG, 3.0 RPG, 2.0 APG, 1.4 SPG, and 1.3 BPG in 32 regular season NBAGL contests (30.5 MPG).
Lewis didn’t receive a qualifying offer from the Hornets when his two-way contract expired, so he became an unrestricted free agent last week. However, he had been on Charlotte’s Summer League roster — his injury occurred on Thursday during a practice in Las Vegas.
While the Hornets didn’t provide a return timeline in their announcement, Lewis’ injury sounds like one that will require a recovery period of months, not weeks, so we probably shouldn’t expect to see him on an NBA roster this fall.
Jalen Smith‘s new deal with the Pacers, initially reported as a two-year agreement, is actually a three-year contract with a player option in year three, according to Scott Agness of Fieldhouse Files (Twitter link). The deal also includes a trade kicker, says Agness.
Hoops Rumors can confirm Agness’ report and add that Smith’s trade kicker is worth 10%. The Pacers gave the big man the highest starting salary they legally could after the 2022/23 option in his rookie scale contract was turned down last year, resulting in a 2022/23 cap hit of $4,670,160 and subsequent 8% annual raises. Smith’s three-year deal has a total value of $15.13MM.
Here are a few more details on recently signed or agreed-upon contracts:
- According to Anthony Chiang of The Miami Herald, Victor Oladipo‘s two-year deal with the Heat will be worth in the neighborhood of $18MM. As we relayed on Wednesday evening, Oladipo agreed to lower his 2022/23 salary in exchange for a second-year option. Dewayne Dedmon‘s two-year contract with the Heat, meanwhile, is worth $4.7MM in ’22/23 with a non-guaranteed $4.32MM salary in ’23/24.
- Cody Martin‘s four-year contract with the Hornets is worth a total of $31.36MM, Hoops Rumors has learned. Martin’s $8.68MM salary in the final season of the deal (2025/26) is non-guaranteed.
- Gary Payton II‘s three-year deal with the Trail Blazers has a starting salary of $8.3MM and is worth $26.15MM in total, slightly below its reported value of $28MM, Hoops Rumors has learned. The signing leaves Portland with a small portion of its mid-level exception remaining.
- Jae’Sean Tate‘s three-year contract with the Rockets has a base value of $20.63MM, but can be worth up to $22.13MM if Tate earns all of his unlikely incentives. Kelly Iko of The Athletic previously reported that those incentives are tied to the team’s performance and that Tate’s contract includes a third-year team option.
- Anfernee Simons‘ new four-year, $100MM contract with the Trail Blazers is fully guaranteed, without any incentives, Hoops Rumors has learned. It begins at $22.32MM in 2022/23 and eventually increases to $27.68MM in ’25/26.
- New Raptors forward Otto Porter will earn $6MM in 2022/23, with a $6.3MM player option in ’23/24, Hoops Rumors has learned.
Former Hornets forward Arnoldas Kulboka is headed back to Europe, with Greek team Promitheas Patras B.C. announcing in a press release that it has signed Kulboka to a one-year contract for the 2022/23 season.
The 55th overall pick in the 2018 draft, Kulboka initially remained overseas, playing for Brose Bamberg in Germany and Bilbao in Spain before coming stateside for the 2021/22 season.
Kulboka signed a two-way contract with the Hornets last August, but only played a total of five minutes in two appearances with Charlotte, spending most of his first NBA season with the Greensboro Swarm in the G League.
The 24-year-old Lithuanian averaged 14.3 PPG, 5.3 RPG, and 1.3 APG on .443/.411/.884 shooting in 30 regular season NBAGL games (28.6 MPG). He also put up 13.2 PPG with a .458 3PT% in 13 Showcase Cup contests (24.9 MPG).
Although Kulboka showed some promise in the G League, he didn’t receive a two-way qualifying offer from the Hornets last week and became an unrestricted free agent, opening the door for him to return to Europe. He figures to have a far larger role with his new team in Greece than he would’ve had with any NBA club.
While many free agent agreements have been reported since last Thursday evening, few will become official until the NBA’s moratorium period ends this Wednesday. That means the terms that have been reported – and the cap space or cap exceptions teams will use to complete those signings – haven’t yet been locked in.
Still, we have a pretty good sense of what the cap room situation looks like for teams around the league. Here’s a snapshot, as of the morning of July 4, of which clubs still have the most spending power:
Teams with cap room:
By our count, the Spurs project to have about $38MM in remaining cap room, and could push that number even higher by stretching Danilo Gallinari‘s partial guarantee across three years when they officially waive him. However, it’s very unlikely they’d do so unless they have a specific need for that extra room. San Antonio could also create some extra space by waiving Keita Bates-Diop or Tre Jones, who have non-guaranteed salaries for 2022/23, though there has been no indication that will happen.
The Pacers, meanwhile, should have a little over $26MM in cap room once the Malcolm Brogdon trade is finalized, based on our projections. Like San Antonio, Indiana has a couple players without full guarantees (Duane Washington and Terry Taylor) and could create more cap space by waiving one or both.
The Pistons have already committed a chunk of their cap room to taking on Nerlens Noel, Alec Burks, and Kemba Walker from New York, but haven’t used it all yet. If Walker gives back his minimum salary in a reported buyout agreement and Detroit uses its room exception to sign Kevin Knox to his two-year, $6MM deal, the team could have $14MM+ in space — or even more, if Walker’s dead money is stretched across three seasons.
It remains unclear what the Spurs, Pacers, and Pistons will do with their remaining cap room. All three teams have been linked to restricted free agent center Deandre Ayton at some point during the offseason and could theoretically still make a run at him, with Indiana and Detroit perhaps sending back players in a sign-and-trade deal to fit a max deal for the big man under the cap. Still, there’s a sense the Pistons have backed off Ayton after landing Jalen Duren on draft night, and it’s unclear whether the Spurs or Pacers have serious interest.
Accommodating salary-dump trades to acquire more assets could be an option for all three teams, either in the offseason or close to the trade deadline.
The Knicks are the other team expected to use cap room this summer, but after signing Jalen Brunson and Isaiah Hartenstein, they won’t have much left over. Even if they waive Taj Gibson and sign Brunson and Hartenstein to the lowest starting salaries possible based on their reported contract terms, New York projects to have less than $5MM in remaining room.
Mid-level exception teams:
The Hornets, Grizzlies, Thunder, Magic, and Jazz all still have their full non-taxpayer mid-level exceptions available, giving them the ability to offer up to about $10.5MM to a free agent. It’s worth noting though that Utah’s cap situation remains in flux as we wait to see what other moves the team has up its sleeve after trading Royce O’Neale and then agreeing to a blockbuster deal involving Rudy Gobert.
The Hawks, Nets, Heat, Pelicans, and Suns haven’t committed any mid-level money to free agents yet, but unless they shed salary, they’ll probably be limited to the taxpayer MLE (worth about $6.5MM) due to their proximity to the tax line.
The Bulls have used a small portion of their mid-level exception and should still have $7MMish available to spend, but doing so would push them into luxury tax territory, which ownership may be against.
There are some teams that could theoretically open up part or all of their mid-level exception if they’re able to turn reported free agent agreements into sign-and-trades. For example, Ricky Rubio agreed to a three-year, $18.4MM deal with the Cavaliers that will presumably use the MLE, but if Cleveland and Indiana were able to work out a sign-and trade deal involving Rubio, it would free up the Cavs’ mid-level to use on another move.
Dejounte Murray is excited to team up with Trae Young and had been talking to his new partner in the Hawks‘ backcourt about the possibility for the past two to three weeks, according to Chris Kirschner of The Athletic. Speaking at press conference Friday, Murray said Atlanta was the only team he wanted to join and told reporters that he probably would still be with the Spurs if it hadn’t been for the opportunity with the Hawks.
Atlanta paid a premium price to acquire Murray, sending Danilo Gallinari and a sizable package of draft assets to San Antonio. General manager Landry Fields said the Hawks took time to assess the risks before committing to the trade.
“This wasn’t one of those that came about in a day,” Fields said. “Looking at what we were going to part with up front was one thing and then once we started to engage with San Antonio, it turned into another thing. We took time between talks to sit and think about how this was going to impact us in the future, how was this going to impact our current team, projection-wise what we are going to look like in several years, after factoring all of that in, we got to a place we were comfortable with.”
Here are some other notes from the Southeast Division:
- Justin Holiday and Maurice Harkless, who are being acquired from the Kings in the Kevin Huerter trade, are both expected to be on the Hawks’ opening night roster. Kirschner adds. He also states that Atlanta continues to listen to offers for John Collins.
- The Wizards were able to retain star free agent Bradley Beal in free agency, but questions remain about whether it was the right move for the team, Josh Robbins of The Athletic writes. Washington agreed to a five-year, $251MM deal with the three-time All-Star, prompting Robbins to explore whether keeping Beal at that price will keep the Wizards stuck in mediocrity due to their limited cap flexibility.
- The Magic‘s free agency moves further prove the team believes in its young core, Khobi Price of the Orlando Sentinel opines. Orlando reached agreements with Mohamed Bamba, Gary Harris and Bol Bol, and guaranteed Moritz Wagner‘s salary. The team appears ready to run it back and continue developing its own players rather than adding outside help.
- The Hornets are expected to hire Tyrone Corbin and Bob Beyer to Steve Clifford‘s coaching staff, Jake Fischer of Bleacher Report tweets. Corbin worked for Clifford in Orlando, while Beyer coached under Clifford in Charlotte. Corbin and Beyer hold over 30 years of combined NBA coaching experience.
Arthur Hill contributed to this post.
JULY 6: The Hornets have officially re-signed Martin, the team announced in a press release.
“Re-signing Cody was one of our offseason priorities, and we’re excited to have him return to the Hornets,” president of basketball operations Mitch Kupchak said in a statement. “He is an exceptional defender, plays hard at both ends of the floor and has improved all aspects of his game since entering the NBA. Cody will continue to be a valuable member of our team as we move forward.”
JULY 2: The Hornets and restricted free agent Cody Martin have reached an agreement on a multiyear deal, reports Rod Boone of The Charlotte Observer (via Twitter). According to Shams Charania of The Athletic (via Twitter), Martin is signing a four-year, $32MM contract to remain in Charlotte.
Martin, 26, has spent his first three NBA seasons with the Hornets and emerged as a key part of the team’s rotation in 2021/22. He averaged an extra 10 minutes per game and improved his numbers across the board, setting new career highs in PPG (7.7), RPG (4.0), APG (2.5), SPG (1.2), FG% (.482), and 3PT% (.384).
A second-round pick in 2019, Martin earned a total of $4.47MM in his first three years in the NBA, so his new deal represents a major pay increase. Because the Hornets held his Bird rights, they won’t need to dip into their mid-level exception to complete the signing.
The deal with Martin is the first move of what has been a relatively quiet free agent period in Charlotte so far. In the weeks leading up to free agency, it was assumed that sorting out Miles Bridges‘ contract situation would be the Hornets’ top priority. However, Bridges was arrested and charged with felony domestic violence this week.
With Bridges’ NBA future up in the air, the Hornets shifted their focus to re-signing their other key restricted free agent wing. It’s unclear to what extent Martin explored the open market, but Charlotte would have had the ability to match any offer sheet he signed. The two sides avoided any drama by negotiating a new directly.
Martin’s twin brother Caleb Martin is one of the top free agents still on the board. Cody and Caleb ranked 28th and 29th, respectively, on the final iteration of our list of this year’s top 50 free agents.
The Hornets have signed center Mark Williams to his rookie contract, the team announced in a press release today. Williams was drafted No. 15 overall by the club in this year’s draft. Charlotte also announced the team’s second-round pick, Bryce McGowens, has officially signed his two-way deal.
Assuming the typical 120% of the rookie scale, Williams’ deal will be worth $18MM across four seasons. He’ll make $3.7MM in his first year with the team. The 7’0″ big man averaged 11.2 points, 7.4 rebounds and 2.8 blocks in 23.5 minutes per game at Duke last season.
McGowens, a 19-year-old guard, started in all 31 games he played with Nebraska last year. He averaged 16.8 points and 5.2 rebounds per game, shooting 40% from the floor and 27% from deep.
Both Williams and McGowens will play for Charlotte during the Las Vegas Summer League, which begins next week. The Hornets missed the playoffs last season and finished with a 43-39 record.
Technically, most of this year’s top free agents remain unsigned. Until the moratorium in place at the start of the 2022/23 league year lifts at 11:01 am Central time on July 6, most of them are ineligible to sign their new contracts.
However, within the last 40-ish hours, 40 of the players from our list of 2022’s top 50 free agents have taken themselves off the market by reaching contract agreements with teams around the league.
[RELATED: 2022 NBA Free Agent Tracker]
While those are just tentative agreements and could still fall apart, that usually doesn’t happen more than once or twice in a given offseason, so it’s safe to pencil those deals in for the time being and assume those free agents are off the board.
So who does that leave? As of Saturday morning, here are the top free agents from our top-50 list (which was last updated on Tuesday) who have yet to agree to new deals:
- James Harden, G, Sixers
- Deandre Ayton, C, Suns (RFA)
- Miles Bridges, F, Hornets (RFA)
- Collin Sexton, G, Cavaliers (RFA)
- Cody Martin, F, Hornets (RFA)
- Caleb Martin, F, Heat (RFA)
- Dennis Schröder, G, Rockets
- Montrezl Harrell, C, Hornets
- Jordan Nwora, F, Bucks (RFA)
- T.J. Warren, F, Pacers
Four of our top nine free agents remain on the board, but there are a couple caveats worth considering here. Harden, for instance, is widely expected to remain with the Sixers — it’s just a matter of the two sides figuring out how many years and dollars he’ll get. The two sides are reportedly meeting this weekend to negotiate his new contract.
Bridges’ on-court contributions made him one of our top free agents of this offseason when we published our initial list, but if we were re-ranking the available players today, he would plummet. After being arrested following allegations of felony domestic violence, Bridges was formally charged on Friday, per the Los Angeles Police Department (story via ESPN), and his NBA future is very much up in the air.
Roderick Boone of The Charlotte Observer wrote on Friday that a long-term deal for Bridges, which appeared to be a formality a few days ago, now appears very unlikely. Emiliano Carchia of Sportando (Twitter link) has sources who believe the Hornets will pull their $7.9MM qualifying offer to Bridges, making him an unrestricted free agent. The 24-year-old is toxic right now, and for good reason.
Of the eight other players listed above, four are restricted free agents, which will reduce their leverage to negotiate favorable multiyear terms, at least to some extent. However, Ayton, in particular, still seems like a good bet to land a lucrative long-term contract.
His situation may be tied to the Kevin Durant trade market — if the Suns can acquire Durant, Ayton could be a key part of the outgoing package in a sign-and-trade, either to Brooklyn or a third team. The Jazz and Pacers are among the teams that have been linked to the former No. 1 overall pick.
It remains unclear which teams might try to force the Cavaliers‘ hand on Sexton. According to Chris Fedor of Cleveland.com (Twitter link), Cleveland still has about $15MM in breathing room below the luxury tax line. It’s possible the club will be able to bring back Sexton and stay out of the tax if no rival suitors with cap room are prepared to pursue the 23-year-old guard.
Harrell has his own legal issues to deal with, though the marijuana charges he’s facing will presumably be viewed by teams as far less troublesome as Bridges’ charges.
Warren, meanwhile, is a bit of a wild card. On merit alone, he would’ve ranked much higher on our initial list, but the fact that he has essentially missed two full seasons due to injuries made me wary of placing him too high — it seems as though his lengthy layoff may be giving potential suitors pause as well.
The following free agents were noted in the honorable mention section of our top-50 list and aren’t yet spoken for:
- LaMarcus Aldridge, F/C, Nets
- Carmelo Anthony, F, Lakers
- Bismack Biyombo, C, Suns
- Avery Bradley, G, Lakers
- Thomas Bryant, C, Wizards
- Facundo Campazzo, G, Nuggets
- DeMarcus Cousins, C, Nuggets
- Goran Dragic, G, Nets
- Dwight Howard, C, Lakers
- Serge Ibaka, F/C, Bucks
- Jeremy Lamb, G/F, Kings
- Markieff Morris, F, Heat
- Austin Rivers, G, Nuggets
- Tristan Thompson, C, Bulls
- Hassan Whiteside, C, Jazz
Here are our full lists of free agents by position/type and by team.