Bulls Rumors

Central Notes: Pacers, Sexton, Rubio, Bulls

As part of the trade sending Malcolm Brogdon to Boston, new Pacers Nik Stauskas, Juwan Morgan, and Malik Fitts all received significant partial guarantees on their minimum-salary contracts for 2022/23.

Stauskas had $2,106,932 of his salary guaranteed, while Morgan received a partial guarantee of $1,728,689 and Fitts got $1,665,650, Hoops Rumors has learned. Each amount is exactly $86,988 below the player’s full salary.

When added to Daniel Theis‘ $8,694,369 salary and Aaron Nesmith‘s $3,804,360 salary, those partial guarantees total $18MM. That was precisely the amount the Celtics needed to send out to in order to legally match Brogdon’s incoming $22.6MM salary — Boston was able to take back up to 125% of that outgoing $18MM, plus $100K.

Here’s more from around the Central:

  • Spencer Davies of BasketballNews.com spoke to a team source who is “quite confident” that Collin Sexton will remain with the Cavaliers going forward, either as a result of a new agreement between the two sides or the guard accepting his qualifying offer.
  • Ricky Rubio‘s new three-year contract with the Cavaliers is fully guaranteed in the first two years and features a partial guarantee in year three, tweets Michael Scotto of HoopsHype. Rubio’s partial guarantee in 2024/25 is $4.25MM of a $6.44MM salary.
  • Patrick Williams‘ potential for further growth will be crucial if the Bulls hope to increase their ceiling, according to Joe Cowley of The Chicago Sun-Times, who wonders if 2022 first-rounder Dalen Terry could help Williams realize his upside. As Cowley explains, Terry pushed Williams hard in Summer League practices and the two engaged in some competitive banter during those sessions.

Bulls Sign Javon Freeman-Liberty To Exhibit 10 Deal

DePaul guard Javon Freeman-Liberty has signed an Exhibit 10 contract with the Bulls, the team announced (via Twitter).

The 22-year-old guard played two years for the Blue Demons after transferring from Valparaiso. He averaged 21.7 points, 7.3 rebounds and 3.2 assists this season and was a second-team All-Big East selection.

An Exhibit 10 contract is a non-guaranteed minimum salary contract that makes the player eligible for a bonus worth up to $50K if he’s waived before the regular season begins and then joins his team’s G League affiliate. It can also be converted into a two-way deal before the season.

Contract Details: Drummond, Jones, LaVine, Cancar, Martin, Nurkic

The two-year contracts that Andre Drummond and Derrick Jones signed with the Bulls have virtually identical terms. Both players will earn guaranteed $3.2MM salaries in 2022/23, with $3.36MM player options for the ’23/24 season, Hoops Rumors has learned. The only real difference between the two deals is how the Bulls completed them — Drummond received a portion of the non-taxpayer mid-level exception, while Jones was re-signed using his Non-Bird rights.

Here are more details on recently signed contracts from around the NBA:

  • Zach LaVine‘s five-year, maximum-salary contract with the Bulls includes a 15% trade kicker, Hoops Rumors has learned. For 2022/23, at least, that kicker will be inconsequential since LaVine is already earning the max, but it could be a factor later in his deal if the annual salary cap increases outpace his annual 8% raises.
  • Vlatko Cancar‘s three-year contract with the Nuggets features matching $2,234,359 cap hits in each of the first two seasons, plus a $2,346,606 team option for 2024/25. The first two years are guaranteed.
  • Heat forward Caleb Martin received a starting salary of $6,479,000, which is the full portion of the taxpayer mid-level exception. Miami remains below the tax apron, so the team can use the rest of the non-taxpayer MLE (approximately $4MM more) if it so chooses. Martin also got a third-year player option and a 15% trade kicker on his new three-year deal.
  • Jusuf Nurkic‘s four-year, $70MM contract with the Trail Blazers is fully guaranteed and is structured with standard 8% annual raises. It starts at $15,625,000 in 2022/23 and increases to $19,375,000 by year four in ’25/26.

Bulls Sign Dalen Terry To Rookie Scale Contract

The Bulls have signed first-rounder Dalen Terry to his rookie scale contract, according to NBA.com’s transactions log.

Appearing in 37 games (all starts) during his sophomore season at Arizona in 2021/22, Terry averaged 8.0 PPG, 4.8 RPG, and 3.9 APG with a shooting line of .502/.364/.736 in 27.8 MPG. The 6’7″ guard also earned a spot on the Pac-12 All-Defensive team.

After declaring for the draft as an early entrant, Terry was selected 18th overall by the Bulls. His new contract will be worth $3.19MM in his rookie season and $15.45MM across four years, unless he accepts less than 120% of the rookie scale amount, which is extremely rare.

As our tracker of draft pick signings shows, Terry is the 26th first-rounder from last month’s draft to officially finalize his rookie contract. Dyson Daniels (Pelicans), Jeremy Sochan (Spurs), Malaki Branham (Spurs), and Walker Kessler (Jazz) haven’t yet put pen to paper, but there’s no reason to believe all four won’t sign soon.

Central Notes: Duarte, Travers, Smith, Simonovic

The toe injury that marred Chris Duarte‘s rookie season is still lingering, according to James Boyd of the Indianapolis Star. The Pacers guard initially suffered the left toe injury on February 13. He only played in five of the Pacers’ last 24 games.

“I’m just listening to my body right now,” he said. “Whatever my body tells me, if that be to stop, I stop. If not, then I keep going.”

Duarte still plans to play on the Pacers’ Summer League team.

We have more from the Central Division:

  • Cavaliers second-round pick Luke Travers will likely remain overseas next season, Chris Fedor of the Cleveland Plain Dealer writes. Travers is participating on the Cavs’ summer league team but with Cleveland’s current roster situation, the plan all along has been to stash the 6’7” wing. “At the end of the day, it’s whatever the team wants and that’s what I’m willing to do,” he said. “If that’s to go back and do another year then it is what it is. If that’s to stay, then I will do that as well.”
  • Jalen Smith could have gotten more money in free agency but he chose to re-sign with the Pacers because of his comfort level and the opportunity to be a starter, Boyd writes. “I chose my future over instant gratification,” said Smith, who signed a three-year deal with a player option. “I feel as though that was the biggest part. You don’t want to take on such a big task so early on in your life rather than trying to work towards it and miss out on it in the future, and that was pretty much the main thing that was going through my head the whole entire time.”
  • Improved conditioning could lead to more minutes for the Bulls’ Marko Simonovic, according to K.C. Johnson of NBC Sports Chicago“Every day I try to improve my body and put some muscles on. The last two months, I did it,” he said. “And when I came back here, everybody said I’m looking better than I was before. Just keep working.” He appeared in nine games last season.

Zach LaVine Signs Five-Year Max Deal With Bulls

JULY 7: LaVine has officially signed, the team tweets.

“We are pleased that Zach remains with the Bulls,” executive VP Arturas Karnisovas said in the statement. “His work ethic and character have helped him to become one of the top players in the NBA.”


JULY 1: The Bulls and guard Zach LaVine are in agreement on a five-year, maximum-salary contract that will include a fifth-year player option, agent Rich Paul tells Shams Charania of The Athletic (Twitter link).

As our chart of maximum salaries for 2022/23 shows, LaVine will earn approximately $43MM per year on his new deal, which will have a total value of $215,159,700.

LaVine has emerged as one of the NBA’s most talented scorers since last reaching free agency in 2018. An All-Star in each of the last two seasons, the 27-year-old averaged 24.4 PPG, 4.6 RPG, and 4.5 APG on .476/.389/.853 shooting in 67 games (34.7 MPG) in 2021/22, despite battling a left knee issue that forced him to undergo arthroscopic surgery this spring.

When he was a restricted free agent in 2018, LaVine signed a four-year, $78MM offer sheet with the Kings, which Chicago matched. He significantly outplayed that deal and has long been earmarked for a maximum-salary contract this offseason. His health problems this past season raised some questions about whether that max deal would still be on the table, but the knee injury is reportedly not considered a long-term concern.

LaVine was linked to a number of rival suitors earlier in the offseason and didn’t agree to terms with the Bulls right when free agency opened on Thursday, but was always most likely to remain in Chicago — especially with the team willing to offer a fifth year that other teams couldn’t. The Bulls sweetened the pot further by making that fifth year a player option. That option, which applies to the 2026/27 season, will be worth $48,967,380.

LaVine, who was the No. 2 free agent on our top-50 list, has now received the second-largest commitment among free agents this offseason. Our No. 1 free agent, Bradley Beal, also agreed to a five-year, maximum-salary contract, but Beal is eligible for a higher level of max because he more years of NBA service than LaVine.

The Bulls’ projected 2022/23 team salary remains below the tax line, but the team would likely cross into the tax if it uses its full mid-level exception.

Central Notes: Cavaliers, Sexton, Bulls, Pacers, Stephenson

The Cavaliers were decisive and intentional in the areas they wanted to address in free agency, writes Chris Fedor of Cleveland.com (subscriber link). As Fedor previously outlined, bringing back Ricky Rubio was always the top priority in early free agency, but because Rubio is expected to miss at least the first few months of next season while recovering from a torn ACL, the Cavs needed to bring in a second backup point guard to fill in for a while, which is why they agreed to a deal with Raul Neto.

Rubio has been rehabbing in Spain, but sources tell Fedor that the point guard is expected to travel to Cleveland shortly after his signing becomes official so his progress can be checked by team doctors. Adding two backups point guards instead of one creates a roster crunch for the Cavaliers, as after reaching a deal with backup center Robin Lopez, the team will have 15 players under contract with Collin Sexton still a restricted free agent.

Cleveland expects Rubio’s on-court impact could be limited in the first year of his deal, per Fedor, which is why the Cavs brought him back on a three-year contract, with the third year being partially guaranteed. A sign-and-trade with Indiana to free up a roster spot and money remains an option, according to Fedor, who points to Dylan Windler and Cedi Osman as players who could be on the move — if the Pacers are interested.

As for Sexton, sources tell Fedor that the Cavs are determined to stay below the luxury tax line — they’re currently about $15MM below — and view Sexton as worthy of a deal that would pay him in the low-to-mid teens annually. However, despite positive developments in recent negotiations, sources tell Fedor that Sexton wants “starting guard money with an annual salary that starts with a 2, not a 1.”

He has no market,” an opposing executive told Cleveland.com.

Fedor says the negotiations might take a while, and Sexton accepting his $7.2MM qualifying offer in an attempt to rebuild his value and reach unrestricted free agency in 2023 is a real possibility. Sources also tell Fedor that Darius Garland‘s five-year max extension with the Cavaliers is a straight five-year deal with no player option in the fifth season.

Here’s more from the Central Division:

  • Zach LaVine outperformed his previous two contracts (rookie contract and then a four-year, $78MM deal that he just completed), but his new five-year max deal with the Bulls will be measured by the team’s postseason performance, not his individual statistics, according to Darnell Mayberry of The Athletic.
  • In a couple of stories for NBC Sports Chicago, Rob Schaefer explores how impending free agent acquisitions Andre Drummond and Goran Dragic can help the Bulls. Schaefer notes that Drummond isn’t an All-Star-caliber player anymore, but he should still be a marginal upgrade over last season’s backup centers, especially on the boards. As for Dragic, Schaefer views the veteran guard as a low-risk insurance policy for Lonzo Ball, since Dragic is signed to a minimum contract.
  • Don’t expect Lance Stephenson to re-sign with the Pacers anytime soon, per Scott Agness of Fieldhouse Files (Twitter link). Once Indiana’s trade with Boston is complete, the Pacers will have 19 players under contract for next season, so they’ll have to figure out how to trim the roster before anything happens with Stephenson — assuming they want him back.

13 Trade Exceptions Set To Expire In July

A total of 13 traded player exceptions created during the 2021 NBA offseason are set to expire this month if they go unused.

A trade exception is an NBA salary cap exception that can be generated when a team trades a player away. It allows that team to acquire a certain amount of salary without sending out any in return for one year after the exception was created. The club is permitted to trade for a player earning the amount of the exception, plus $100K.

[RELATED: Hoops Rumors Glossary: Traded Player Exception]

For instance, the Trail Blazers are set to use their $20,864,198 trade exception, created in February’s CJ McCollum trade, to acquire Jerami Grant, who is earning $20,955,000 in 2022/23. Grant narrowly fits into that TPE after accounting for the $100K in wiggle room.

Most trade exceptions expire without being used, but teams can sometimes find a use for them — especially the bigger ones like Portland’s. So it’s worth keeping tabs on which ones are still available.

Here are the 13 exceptions set to expire this month:

  1. Boston Celtics: $17,142,857 (expires 7/18)
  2. Los Angeles Clippers: $8,250,000 (expires 7/18)
  3. Indiana Pacers: $7,333,333 (expires 7/7)
  4. New Orleans Pelicans: $6,382,262 (expires 7/7)
  5. Chicago Bulls: $5,000,000 (expires 7/7)
  6. Memphis Grizzlies: $4,054,695 (expires 7/7)
  7. Brooklyn Nets: $3,246,530 (expires 7/6)
  8. Toronto Raptors: $3,070,052 (expires 7/6)
  9. Atlanta Hawks: $1,782,621 (expires 7/7)
  10. Golden State Warriors: $1,782,621 (expires 7/7)
  11. Milwaukee Bucks: $1,517,981 (expires 7/7)
  12. Boston Celtics: $1,440,549 (expires 7/7)
  13. Brooklyn Nets: $118,342 (expires 7/6)

The Celtics’ $17MM exception, created in last year’s Evan Fournier sign-and-trade, is the most noteworthy one here, but it appears unlikely to be used. Boston reached a deal last week to acquire Malcolm Brogdon without having to use the exception, and now appears to be a long shot to strike another major trade agreement.

The third exception on this list, the Pacers’ $7.3MM TPE, will disappear if Indiana decides to operate under the cap. The team would have to renounce the exception in order to actually make use of its cap room.

While it’s possible some of the other exceptions on this list will be used before they expire, they won’t accommodate any of the deals that have been agreed upon to date.

The full list of outstanding trade exceptions can be found right here.

Spurs, Pacers, Pistons Still Have Cap Room Available

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.

Bulls Notes: Terry, LaVine, Jones, Eastern Conference

It didn’t take long for first-round pick Dalen Terry to earn the respect of his new Bulls teammates, writes Darnell Mayberry of The Athletic. In his first practice with Chicago’s Summer League squad, Terry showed why he had a reputation as a maximum-effort player at Arizona.

Second-year forward Patrick Williams singled out Terry as the strongest competitor at today’s practice. That recognition was installed by coach John Bryant, who is trying to make the Summer League experience as competitive as possible.

“It means everything,” Terry said. “I appreciate Pat for doing that. It gave me a little bit more confidence. He was a rookie last year and he’s been through what I’ve been through, obviously. For him to do that, it’s definitely a nod and respect to him. I appreciate him for saying that.”

There’s more from Chicago:

  • Zach LaVine‘s new max contract was necessary for the Bulls to maintain roster stability, Mayberry contends in a separate story. While the investment could top $215MM, LaVine is a two-time All-Star who’s still in his prime at age 27 and he gives the team a foundation to build around.
  • Derrick Jones Jr. wasn’t in the Bulls’ long-range plans when they acquired him from Portland last summer, but he played well enough to earn a new contract, Mayberry adds. Jones was taken as a throw-in to get a first-round pick in a three-team deal that also involved Cleveland. Injuries and COVID-19 created a chance for him to play and he proved useful as a small-ball center. The Bulls pursued Danilo Gallinari before re-signing Jones, Mayberry notes, but Gallinari decided to join the Celtics.
  • The Bulls are putting together a successful offseason, but so are several other teams in the Eastern Conference playoff race, per Joe Cowley of The Chicago Sun-Times. Cowley rates the offseason progress of the top nine teams in the East, giving an A to the Celtics and A-minuses to the Bucks and Hawks. Chicago gets a C, as Cowley is skeptical about the philosophy of keeping the current roster together after a quick playoff exit.