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Offseason Observations: Exhibit 10 Terms, Okoro, Current FAs, Stretch Provision

September 20th, 2024 at 5:36pm CST by Luke Adams

With the start of most NBA training camps just 11 days away (and even sooner than that for the Celtics and Nuggets), the 2024 offseason is nearing its end.

Before we put a bow on the summer of 2024, we have one more installment of our "Offseason Observations" to share today, following up on similar articles published in July and August.

Here are some of the under-the-radar cap- and CBA-related stories I'm keeping an eye on as teams around the league prepare for their media days and training camps.

The disparity between Exhibit 10 bonuses

As we've written many teams in recent weeks, when a player signs an Exhibit 10 contract with an NBA team, is waived before the regular season begins, and then spends at least 60 days with his club's G League affiliate, he's eligible to earn a bonus worth up to $77.5K.

We always clarify that those bonuses can be worth "up to" $77.5K because that's the maximum possible Exhibit 10 bonus in 2024/25 (up from $75K a year ago, having increased at the same rate as the salary cap). But not every player who signs an Exhibit 10 contract is able to negotiate that maximum bonus.

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Cavaliers Re-Sign Isaac Okoro To Three-Year Contract

September 17th, 2024 at 7:18pm CST by Rory Maher

SEPTEMBER 17: Okoro’s new deal is official, the Cavaliers confirmed today in a press release.

SEPTEMBER 14: The Cavaliers are re-signing restricted free agent Isaac Okoro to a three-year, $38MM contract, agents Michael Tellem, Jeff Schwartz and Marcus Monk tell Adrian Wojnarowski of ESPN.

Okoro, 23, came in at No. 20 on our list of 2024’s top 50 free agents, making him the top remaining player who had yet to sign a new deal. It took more than two months, but the NBA’s lone restricted free agent has reached an agreement to return to Cleveland.

As ESPN’s Bobby Marks tweets, Okoro’s $11.8MM qualifying offer would have expired on Oct. 1, though he still would’ve been a restricted free agent had a deal not been reached by that point. The Cavs were approximately $10.4MM below the luxury tax line before accounting for Okoro’s new contract, Marks adds.

According to Chris Fedor of Cleveland.com (Twitter link), Okoro’s three-year deal features $33MM in guaranteed money. Sources tell Michael Scotto of HoopsHype that Okoro’s contract features some unlikely bonuses tied to his team’s success (Twitter link).

The No. 5 overall pick of the 2020 draft, Okoro averaged 9.4 points, 3.0 rebounds and 1.9 assists while shooting a career-best 39.1% from three-point range in 69 regular season games in 2023/24, including 42 starts (27.3 minutes per contest). The 6’5″ wing is primarily known for his defense, particularly on the ball, where he’s frequently tasked with guarding the opposing team’s best perimeter player.

When we polled our readers about Okoro’s situation last week, 59% of those who voted thought he would end up accepting his qualifying offer — essentially just a one-year contract — to hit unrestricted free agency in 2025. About 17% thought he would re-sign with the Cavs on a multiyear contract.

Scotto reports (via Twitter) that the Nets and Hornets were among the teams that showed sign-and-trade interest in Okoro before he agreed to a new contract with Cleveland.

Once Okoro’s signing is official, the Cavs will have 14 players on standard contracts, though only 11 of those deals are fully guaranteed. Tristan Thompson and Sam Merrill are on non-guaranteed contracts, while Craig Porter Jr. has a $1MM partial guarantee on his $1.89MM salary. All three of the team’s two-way slots are filled.

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And-Ones: Fitts, Gilyard, NBA Schedule, Flagg, Swarm Staff

September 16th, 2024 at 8:18pm CST by Dana Gauruder

In an NBA G League swap, the Memphis Hustle acquired a 2025 first-round pick and the returning player rights to forward Malik Fitts from the Cleveland Charge, the Grizzlies’ G League team tweets.  The Charge, the Cavaliers’ affiliate, received the returning player rights to guard Jacob Gilyard.

Fitts has appeared in 18 NBA games, most recently in eight contests with Boston during the 2021/22 campaign when he was signed to two 10-day contracts. Gilyard appeared in a combined 41 NBA games with the Grizzlies and Nets last season. He was on a two-way deal with Brooklyn after Memphis waived him.

We have more from around the basketball world:

  • It’s impossible to keep all the NBA teams happy and give them their desired dates on an 82-game schedule. Duane Rankin of the Arizona Republic spoke to an unnamed source who detailed the issues confronting the schedule makers. “You’ve got 30 different teams each with their own perspective on what they would like to see and within each of the 30 teams, you’ve got multiple perspectives from what makes the most sense,” the source said. “The league is then responsible for taking all of the different perspectives and try to make something that’s going to please everyone, which inherently is an impossible task.”
  • How would projected 2025 top pick Cooper Flagg impact a team in rebuild mode? Jonathan Wasserman of Bleacher Report dives into that topic, exploring how the Duke freshman big man would fit in with the Nets, Hornets, Pistons, Trail Blazers, Spurs, Raptors, Jazz and Wizards.
  • Nathan Peavy, David Noel III and Alex Ruoff have been announced as assistant coaches on DJ Bakker‘s staff with the Greensboro Swarm, the Hornets‘ affiliate, the G League team announced in a press release. Peavy joins the Swarm after serving last season as the head coach of the Cangrejeros de Santurce in the Baloncesto Superior Nacional league, Puerto Rico’s top professional division. Noel spent the last two seasons as an assistant coach for the Motor City Cruise, the Pistons’ affiliate. Ruoff was on West Virginia’s coaching staff the last two seasons.
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Checking In On Early 2024/25 Roster Battles

September 14th, 2024 at 11:03am CST by Tristan Tucker

Each year, a handful of teams prefer to bring in players to battle it out for the last remaining spots on a given roster. Let’s take a look at a few training camp battles that are already brewing ahead of October.

Chicago Bulls

The Bulls have been busy in recent weeks, filling out their training camp roster with proven talent. The Bulls have 15 players on standard contracts, but Onuralp Bitim‘s deal is non-guaranteed. In addition, Chicago has two open two-way slots. The Bulls have four players — Talen Horton-Tucker, Kenneth Lofton Jr., E.J. Liddell and Marcus Domask — signed to training camp deals.

Exhibit 10 contracts can be converted to two-way contracts at any time. Horton-Tucker is the only player of that batch who is ineligible for a two-way contract, since he is at five years of NBA service. That gives the Bulls a handful of options for their opening night roster.

In essence, Bitim and Horton-Tucker seem to be battling it out for the Bulls’ 15th roster spot, while Lofton, Liddell and Domask all appear to be candidates for the team’s open two-way slots. Of course, if the Bulls opt to move on from Bitim on a standard deal, they could attempt to re-sign him to a two-way deal. They could also just carry 14 players on the standard roster to begin the year.

New York Knicks

As we detailed Saturday morning, Landry Shamet and Chuma Okeke appear to be battling for the Knicks’ 15th roster spot. Of course, there’s no guarantee that either player will make the roster, but each has a decent case to make the team.

Shamet is a proven three-point shooter while Okeke is a versatile forward who is a previous 16th overall pick. The Knicks will likely assess in training camp what their biggest need is and keep the player who best fits that niche heading into the year.

Indiana Pacers

The Pacers have a handful of players on non-guaranteed or partially contracts heading into the season. However, previous reporting seems to indicate that the team’s final roster spot will come down to either Kendall Brown or Cole Swider.

Brown is an athletic forward who was the 48th overall pick in the 2022 draft. He has spent the last two seasons with the Pacers but has also appeared in just 21 total games. Meanwhile, the Pacers signed Swider to a training camp contract this offseason that doesn’t include Exhibit 10 language. Swider is a known three-point shooter who spent last season with the Heat and helped Miami to a summer league championship this offseason.

James Wiseman and James Johnson each have partially guaranteed salaries with the Pacers.

The others

Other teams across the league are poised to either carry just 14 players on standard deals to begin the year or already have their 15-man rosters determined. However, some of those teams have unsettled two-way roster slots.

The Heat have their standard roster filled out, but summer standout Isaiah Stevens is on an Exhibit 10 deal. It seems like Stevens will battle Dru Smith — who currently holds a two-way deal — outright for that spot.

The Hornets have Moussa Diabate and KJ Simpson on two-way deals but have another spot open. Keyontae Johnson could be an option for that spot. Charlotte also has a potential opening on the 15-man roster, with four players signed to Exhibit 10 deals and another agreed to.

The Wizards also have an open two-way slot. Washington signed Leaky Black, Kira Lewis and Jaylen Nowell to Exhibit 10 contracts, but only Black is eligible for a two-way deal. The Wizards also have 15 players on guaranteed contracts, with Jared Butler and his non-guaranteed deal possibly on the outside looking in unless they make a trade.

The Clippers have RayJ Dennis, Kai Jones and Elijah Harkless signed to Exhibit 10 deals. The team also has an agreement with Kevon Harris for another such spot. With only Jordan Miller and Trentyn Flowers on two-way contracts, all of Dennis, Jones, Harkless and Harris are eligible for the team’s third.

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Southeast Notes: Hawks, Hornets, Friedman, Wade

September 12th, 2024 at 6:43pm CST by Luke Adams

After two years in Atlanta, Dejounte Murray was traded to New Orleans in July, leaving an open backcourt spot in the Hawks‘ projected starting lineup next to star point guard Trae Young. Who will fill that opening? Lauren Williams of The Atlanta Journal-Constitution (subscription required) considers the options, suggesting that as many as five players could be in the mix for the job.

Bogdan Bogdanovic and Dyson Daniels look like the top candidates. A Young/Bogdanovic pairing in the backcourt could create some problems on the defensive end, according to Williams, though she notes that Bogdanovic improved on that end of the court last season. Daniels, meanwhile, has the makings of an elite point-of-attack defender, but he has yet to display much of an offensive game at the NBA level and will be new to the Hawks’ system.

Vit Krejci, Garrison Mathews, and Kobe Bufkin are the other shooting guard possibilities Williams looks at, though she acknowledges that not all of them are locks to end up in the regular rotation, let alone to vie for a starting role.

Here’s more from around the Southeast:

  • The Hawks will hold their training camp next month at the University of Georgia in Athens, per Williams of The Atlanta Journal-Constitution, while the Hornets will conduct their camp in Durham at Duke University, according to Rod Boone of The Charlotte Observer. It’ll be a familiar setting for Hornets big man Mark Williams, who played his college ball with the Blue Devils.
  • Assistant coach Nick Friedman, who spent the past five seasons in the Hornets organization, is joining the Capital City Go-Go – the Wizards‘ G League affiliate – under head coach Cody Toppert, tweets Michael Scotto of HoopsHype. Friedman and Toppert previously worked together with the Rio Grande Valley Vipers and Northern Arizona Suns, Scotto notes.
  • The Heat announced on Thursday that they’ll be unveiling a statue of Dwyane Wade outside Kaseya Center on Sunday, October 27, as Barry Jackson of The Miami Herald relays. Wade will be honored by the team the following night during the Oct. 28 home game vs. Detroit.
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Hornets Sign Marcus Garrett, Joel Soriano, Caleb McConnell

September 11th, 2024 at 8:23am CST by Luke Adams

8:23am: The Hornets have officially announced the signings and confirmed that all three players, plus Johnson, are on Exhibit 10 contracts, as expected.

8:13am: The Hornets are signing free agents Marcus Garrett, Joel Soriano, and Caleb McConnell to training camp contracts, league sources tell Rod Boone of The Charlotte Observer (Twitter link).

Garrett, a 6’5″ guard who went undrafted out of Kansas in 2021, spent part of his rookie season on a two-way contract with the Heat and appeared in 12 games for Miami. However, the former Naismith Defensive Player of the Year has primarily played in the G League since going pro. He spent last season with the Greensboro Swarm and played for the Hornets’ Summer League team in Las Vegas this July.

Soriano, a 6’10” center, went undrafted in June after finishing his college career at St. John’s. The big man averaged a double-double (14.5 points, 10.7 rebounds) in 66 games during his final two college seasons while also chipping in 1.6 blocks and 1.4 assists in 29.3 minutes per contest.

McConnell went undrafted out of Rutgers in 2023 and spent his rookie year with the Oklahoma City Blue, the Thunder’s G League affiliate. The 6’7″ wing, a two-time Big Ten Defensive Player of the Year in college, averaged 7.1 points, 5.7 rebounds, and 2.2 assists in 21.7 minutes per game across 47 Showcase Cup and regular season appearances for the Blue, who won the NBAGL championship in the spring. McConnell’s G League returning rights were recently traded from OKC to Greensboro.

Garrett, Soriano, and McConnell will almost certainly sign non-guaranteed Exhibit 10 contracts, which will put them in line to receive bonuses worth up to $77.5K if they’re waived by the Hornets, then spend at least 60 days with the Swarm. It’s worth noting that Exhibit 10 contracts can also be converted to two-way deals before opening night, and Charlotte does have a two-way slot open.

Prior to officially completing these three signings, the Hornets are carrying 17 players on their offseason roster — 14 on standard contracts, a pair on two-way deals, and one (Keyontae Johnson) on a camp contract. They’ve also reportedly agreed to an Exhibit 10 deal with Raequan Battle.

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2024/25 NBA Over/Unders: Southeast Division

September 9th, 2024 at 9:42am CST by Luke Adams

With the 2024/25 NBA regular season set to tip off next month, we’re getting serious about predictions for the upcoming campaign and continuing an annual Hoops Rumors tradition.

With the help of the lines from a series of sports betting sites – including Bovada and BetOnline – we’re running through the predicted win totals for each of the NBA’s 30 teams, by division. In a series of team-by-team polls, you’ll get the chance to weigh in on whether you think those forecasts are too optimistic or too pessimistic.

In 2023/24, our voters went 16-14 on their over/under picks. Can you top that in ’24/25?

We’ll continue our series today with the Southeast Division…

Orlando Magic

Miami Heat

Atlanta Hawks

Charlotte Hornets

Washington Wizards

Previous voting results:

Atlantic

  • Boston Celtics (58.5 wins): Over (69.7%)
  • New York Knicks (53.5 wins): Over (58.8%)
  • Philadelphia 76ers (52.5 wins): Under (51.7%)
  • Toronto Raptors (30.5 wins): Under (58.7%)
  • Brooklyn Nets (19.5 wins): Over (54.3%)

Southwest

  • Dallas Mavericks (49.5 wins): Over (78.0%)
  • Memphis Grizzlies (47.5 wins): Under (65.6%)
  • New Orleans Pelicans (46.5 wins): Under (60.6%)
  • Houston Rockets (43.5 wins): Under (51.4%)
  • San Antonio Spurs (36.5 wins): Under (52.9%)
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Community Shootaround: Eastern Conference Play-In Tournament

September 8th, 2024 at 7:30pm CST by Dana Gauruder

The play-in tournament ensures that at least 10 teams in each conference will get a taste of the postseason.

Unless something unforseen happens, eight teams in the Eastern Conference can already plan on playing beyond their regular season finales. It’s safe to assume the Celtics, Bucks, Sixers, Magic, Knicks, Cavaliers, Pacers and Heat will occupy eight of the postseason slots. The only mystery regarding those clubs is which two teams will have to come out of the play-in tournament.

Predicting which two Eastern teams among the remaining seven will participate in the play-in is a much tougher call. The Bulls and Hawks snared the last two spots last season, but there’s reason to believe they’ll wind up in the lottery.

The Bulls dealt away leading scorer DeMar DeRozan and top defender Alex Caruso this offseason and would like to make more moves. Zach LaVine and Nikola Vucevic have been on the trading block for quite a while and they could be wearing different uniforms at some point during the season. The addition of Josh Giddey, joining Coby White in the backcourt, could be enough to get them back to the play-in but that’s certainly no lock.

The Hawks, of course, broke up their high-scoring backcourt by dealing Dejounte Murray to the Pelicans. Atlanta did wind up with the top pick in the draft, but Zaccharie Risacher isn’t your typical top overall selection. No one quite knows what the Hawks have in Risacher, who is unlikely to have the sort of first-year impact that Victor Wembanyama or Brandon Miller did a year ago.

The Raptors have a much different roster than in recent years but they should improve on their 25-win total. They have built around Scottie Barnes with a backcourt of former Knicks Immanuel Quickley and RJ Barrett.

The Hornets could be on the upswing if LaMelo Ball can finally stay healthy for a whole season. They have two high-scoring wings in Miller and Miles Bridges.

The Wizards signed Jonas Valanciunas and have two promising forwards Bilal Coulibaly and No. 2 overall pick Alex Sarr. They still seem to be a couple of years away from entering the postseason picture.

The Nets, of course, traded away their top player in Mikal Bridges with their sights set on next offseason, when they’ll have extra first-round picks and plenty of cap space.

Last, but maybe not least anymore, are the Pistons. Coming off the worst season in franchise history, the Pistons used their ample cap room to get Cade Cunningham more help. The additions of Tobias Harris, Malik Beasley and Tim Hardaway Jr. should make them more competitive.

That leads us to our topic of the day: Among the Bulls, Hawks, Raptors, Hornets, Wizards, Nets and Pistons, which of those Eastern Conference teams will make the play-in tournament this upcoming season? 

Please take to the comments section to address this topic. We look forward to your input.

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Hornets’ Vasilije Micic Dismisses Trade Rumors

September 8th, 2024 at 9:01am CST by Arthur Hill

Serbian point guard Vasilije Micic confirmed that he will remain with the Hornets and dismissed offseason trade speculation, according to Johnny Askounis of Eurohoops. Speaking to the media after a mural dedication ceremony in Belgrade, Micic said he is looking forward to the start of training camp with the team.

“I am staying in Charlotte. That is official,” he said. “All these rumors out there, I did not want to comment until something concrete. Probably, there was some interest, but nothing enough for me to comment. I am happy they want me here and I think the next season will be more productive for me.”

The Hornets acquired Micic at the February trade deadline in the deal that sent Gordon Hayward to Oklahoma City. He appeared in 30 games after the trade, making 21 starts and averaging 10.8 points, 2.1 rebounds and 6.2 assists while shooting 43.7% from the field and just 29.4% from three-point range.

Micic will likely be moved to a reserve role this season as LaMelo Ball returns from ankle tendinopathy. Micic came off the bench in all 30 games he played for OKC.

Last year was the first NBA season for the 30-year-old, who was taken 52nd overall by Philadelphia as a draft and stash pick in 2014. He was a star in the EuroLeague for several years, mainly for Anadolu Efes in Turkey.

There have been rumors over the summer that the Nuggets may have interest in acquiring Micic to team him up with countryman Nikola Jokic. They have played together on the Serbian national team for several years and captured a bronze medal at the Paris Olympics.

“I would like to play with Jokic, but I do not know what will happen,” Micic said. “I think I need one more year to show what I can do in the United States. Whatever you do outside American soil, they still only trust players proven in the USA. So, I think that one season with a trade and two solid months is not enough for a team of such caliber to be sure to bring me in. But maybe next season. We will see.”

Micic will make $7.7MM this season, and the Hornets hold an $8.1MM option for 2025/26. He will become a free agent next summer if the team decides not to exercise that option.

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Hornets Sign Keyontae Johnson

September 5th, 2024 at 2:52pm CST by Rory Maher

The Hornets have signed free agent forward Keyontae Johnson, according to RealGM’s log of official NBA transactions.

The news of Johnson landing with Charlotte was announced last month by his agency. At the time, it was unclear what type of contract he would be signing. By process of elimination, it appears the 24-year-old signed an Exhibit 9 contract, likely with Exhibit 10 language.

Players who sign Exhibit 9 or Exhibit 10 contracts don’t appear on NBA.com’s official transactions log, but RealGM does track those deals. Exhibit 9/10 players only show up on NBA.com’s log when they’ve been waived (Jared Brownridge is a recent example).

The No. 50 overall pick of the 2023 draft, Johnson spent his entire rookie campaign on a two-way contract with Oklahoma City. He only appeared in nine games with the Thunder last season for a total of 66 minutes, but had a significant role with their NBA G League affiliate, the Oklahoma City Blue.

The Thunder declined to give Johnson a two-way qualifying offer after the 2023/24 season, making him an unrestricted free agent.

Although they’re not technically required to, virtually every Exhibit 10 contract also contains an Exhibit 9 clause, which provides a team protections when a player on a non-guaranteed training camp contract suffers an injury. If a team wants to sign a player to a deal that includes both an Exhibit 9 and Exhibit 10 clause, it must already be carrying at least 14 players on standard contracts. The Hornets currently have 14 players on standard deals.

If Johnson signed an Exhibit 10 deal, he could receive a $77.5K bonus if he’s waived before the season starts and spends at least 60 days with the Greensboro Swarm, Charlotte’s NBA G League affiliate. Exhibit 10 contracts can also be converted to two-way deals, and the Hornets currently have one two-way opening.

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