- Kyrie Irving‘s new three-year, $120MM+ contract with the Mavericks features a 15% trade kicker, per Michael Scotto of HoopsHype (Twitter link). There’s also a 15% trade kicker in Desmond Bane‘s five-year, $197MM+ extension with the Grizzlies, Hoops Rumors has learned.
Jae Crowder‘s new one-year contract with Milwaukee is for the veteran’s minimum, league sources tell Eric Nehm of The Athletic (Twitter link).
The Bucks held Crowder’s Bird rights, so they could have given him any salary up to his maximum. Obviously he was never going to receive anything close to $47.6MM next season, but it’s still interesting that he accepted such a significant pay cut after making $10.2MM in 2022/23.
Crowder just completed his 11th NBA season. As our list of minimum salaries for ’23/24 shows, the 33-year-old will earn about $3.2MM on his new deal, while the Bucks will carry a $2MM cap hit.
Here are more contract details from around the NBA:
- Jerami Grant received the most lucrative contract in free agency in terms of total value, earning $160MM over five years to stay with the Trail Blazers. The fifth year of Grant’s deal is a player option, tweets Michael Scotto of HoopsHype.
- Center Dwight Powell re-signed with the Mavericks as a free agent, inking a three-year, $12MM deal. Similar to Grant, Powell has a player option for the final season, per ESPN’s Tim MacMahon (Twitter link). Powell reportedly drew interest from Houston, but decided to stay with Dallas.
- Jeff Green‘s two-year contract with the Rockets features a non-guaranteed team option in 2024/25 and $1.6MM per season in bonuses that are considered likely to be achieved, sources tell Scotto (via Twitter). That means Green’s annual cap hits will be $9.6MM. ESPN’s Bobby Marks was first to report that the original terms of Green’s contract agreement had been amended, with Houston using cap room to sign the veteran forward.
- The Lakers signed second-rounder Maxwell Lewis to a standard four-year contract using the new second-round pick exception, reports Khobi Price of The Southern California News Group (Twitter link). Lewis will receive guaranteed salaries of $1.1MM as a rookie next season (the minimum) and $1.4MM in ’24/25. Sources tell Price the third year of the contract is partially guaranteed for $100K, while the fourth and final season is a team option.
JULY 9: Powell has officially re-signed, the Mavericks announced (via Twitter).
JULY 1: Dwight Powell will remain with the Mavericks on a three-year, $12MM contract, tweets ESPN’s Adrian Wojnarowski. The new deal represents a significant pay cut for Powell, who earned more than $11MM in each of the last three seasons.
Dallas views Powell as part of a center platoon and a mentor for first-round pick Dereck Lively II, according to Tim McMahon of ESPN (Twitter link).
The 31-year-old big man served as Dallas’ main starting center the past two years, although he frequently played less than half the game. He averaged 6.7 points and 4.1 rebounds in 19.2 minutes per night last season while shooting a career-best 73.2% from the field.
Powell is one of the few remaining NBA players to be drafted by the Charlotte Bobcats, who took him with the 45th pick in 2014. He was traded on draft night and then was dealt two more times during his rookie season before winding up in Dallas, where he has remained ever since.
The Rockets had interest in Powell and were hoping to set up a meeting with him on Friday. However, the Mavericks were determined to re-sign Powell and were able to keep him at a bargain price.
Dereck Lively II has inked his rookie scale contract with the Mavericks, the team announced along with a video of the signing.
As the 12th pick in this year’s draft, Lively is eligible to receive $4,775,640 in his first season and can make $22,282,690 over the four-year contract, as our breakdown of rookie scale salaries shows.
The Duke center took advantage of a strong showing during the pre-draft process to rise up draft boards. Dallas had considered taking him at No. 10, but was able to trade down two spots and still get its preferred selection.
That trade sent Davis Bertans into Oklahoma City’s cap room, so it couldn’t be completed until after the July moratorium, which likely delayed Lively’s signing by a few days.
Lively was one of the top recruits out of high school last year, but injuries slowed him down during his lone season at Duke. He earned spots on the ACC’s All-Freshman and All-Defensive teams while averaging 5.4 points and 5.0 rebounds in 32 games.
Dallas’ No. 24 overall pick, Olivier-Maxence Prosper, is one of three first-rounders who have yet to officially sign their rookie contracts.
The NBA has announced the five-team groups that will used for the league’s first-ever in-season tournament, writes Tim Bontemps of ESPN. The unveiling took place Saturday during a special episode of ESPN’s “NBA Today” held at “NBA Con” in Las Vegas.
The groups were determined in a draw similar to what is used in soccer’s World Cup. There are six groups — three each from the Eastern Conference and Western Conference — and each conference was split into five pots based on last season’s standings. One team was randomly selected from each of the pots to determine the opening-round matchups.
The results are:
- Group 1: Sixers, Cavaliers, Hawks, Pacers and Pistons.
- Group 2: Bucks, Knicks, Heat, Wizards and Hornets.
- Group 3: Celtics, Nets, Raptors, Bulls and Magic.
- Group 4: Grizzlies, Suns, Lakers, Jazz and Trail Blazers.
- Group 5: Nuggets, Clippers, Pelicans, Mavericks and Rockets.
- Group 6: Kings, Warriors, Timberwolves, Thunder and Spurs.
The tournament will start with group play, which will match each team with the other four in its grouping. Those games will take place on Nov. 3, 10, 14, 17, 21, 24 and 28.
The winner of each group will advance to a knockout round, joined by the team with the best record in each conference among those who didn’t win a group. Quarterfinal games will be played Dec. 4 and 5, hosted by the higher-seeded teams. The four winners in that round will move on to T-Mobile Arena in Las Vegas for the Dec. 7 semifinals and the Dec. 9 championship game.
Bontemps points out that all teams will play within their conference until the last game, which guarantees an East vs. West matchup, just like the NBA Finals.
“Everybody’s not going to buy in right away,” admitted Joe Dumars, the NBA’s executive vice president of basketball operations. “So that can’t be the goal that everybody’s going to buy in from day one. These things take time. And I think, as time goes on, I think you can build this up and people can really get into it.”
The championship trophy will be called the NBA Cup, and players will receive $500K each for winning it. Other prize money includes $200K for second place, $100K for losing in the semifinals and $50K for losing in the quarterfinals. The league opted not to provide other incentives, such as a guaranteed playoff spot, for the tournament winner.
We passed along more details on the in-season tournament right here.
The Mavericks entered this offseason aiming to get younger, more athletic, and stronger defensively, according to Tim Cato of The Athletic, who notes that swapping out Reggie Bullock for Grant Williams could help achieve a couple of those goals. Dallas pivoted to Williams in free agency after missing out on Bruce Brown and will land the restricted free agent in a sign-and-trade deal with Boston.
As Cato outlines, Williams will essentially be playing the role that players like Dorian Finney-Smith and Bullock had in Dallas last season, guarding opposing perimeter threats on defense and stretching the floor on offense.
However, Cato believes that Williams has more to offer on offense than the players he’s replacing, writing that the Mavs’ newest forward isn’t as “static” and could get an opportunity to be a secondary creator when Luka Doncic and/or Kyrie Irving are double-teamed.
Here’s more on the Mavs:
- Irving’s new three-year contract, originally reported to be worth $126MM, actually has a guaranteed base value of $120MM, tweets ESPN’s Bobby Marks. The remaining $6MM is made up incentives that are tied to games played and team success — Kyrie can earn $1MM per year by playing at least 65 games and $1MM each year the Mavs get to 50 wins (and Irving plays at least 58 games), reports Tim MacMahon of ESPN (Twitter link).
- Richaun Holmes waived his $1.8MM trade kicker as part of the deal that sent him from Sacramento to Dallas, per MacMahon (Twitter link). That gave the Mavericks a little extra flexibility under their hard cap for their offer sheet to Matisse Thybulle, which was matched by Portland. The Mavs’ team salary remains $10.9MM below that hard cap, according to MacMahon and Marks.
- Thybulle will be returning to the Trail Blazers after they matched his offer sheet, but it doesn’t sound like that was his preferred outcome. On the #thisleague UNCUT podcast, Marc Stein said that ending up in Dallas was something Thybulle had “been wanting even before this summer,” and Chris Haynes agreed. “Matisse desperately wanted to be a member of the Dallas Mavericks,” Haynes said (hat tip to Ashish Mathur of Heavy.com).
JULY 8: NBA teams were notified on Friday night that the Blazers officially matched the Mavs’ offer sheet for Thybulle, reports Marc Stein (via Twitter).
JULY 6: The Trail Blazers have elected to match the three-year, $33MM offer sheet that Matisse Thybulle received from the Mavericks, tweets ESPN’s Adrian Wojnarowski.
The offer sheet was signed and submitted to Portland Thursday morning, according to Wojnarowski (Twitter link). The new Collective Bargaining Agreement gives teams just one day to decide whether to match offer sheets if they’re received before noon.
Thybulle’s new deal contains an $11.5MM player option for the third season, per Wojnarowski. It also features a 15% trade kicker, tweets Chris Haynes of Bleacher Report.
The Blazers will keep the 26-year-old swingman, who was acquired in a February trade with the Sixers. Thybulle was a restricted free agent after not working out a contract extension with Philadelphia last summer.
Thybulle is a defensive standout, with two appearances on the All-Defensive team in his first four seasons. He struggled to score with the Sixers, although his numbers improved after coming to Portland, where he became a full-time starter and averaged 7.4 PPG in 22 games while shooting 43.8% from the field and 38.8% from three-point range.
As ESPN’s Bobby Marks details (via Twitter), Thybulle will have the right to veto any trade for the next year and cannot be dealt to the Mavs during that time. He will become trade-eligible on January 15.
According to Marks, the Blazers are $3.4MM below the luxury tax line with 13 players under standard contract, while the Mavs are $9MM below the tax and still have access to the non-taxpayer mid-level exception, which starts at $12.4MM in 2023/24.
The move is a setback for Dallas, which is hoping to remake its supporting cast around Luka Doncic and Kyrie Irving. The Mavericks are acquiring Grant Williams from the Celtics in a sign-and-trade deal and may search for another defensive-minded wing on the free agent market now that Thybulle is unavailable.
Christian Wood and Dario Saric are two of the top unrestricted free agents who have yet to find new teams. There’s a good reason for that, according to Marc Stein at Substack: Both big men have only received contract offers for the veteran’s minimum thus far and are presumably looking for more money.
Stein says Saric will likely land with the Warriors if he’s unable to find a higher-paying offer. The Croatian big man is reportedly Golden State’s top remaining target.
Here’s more from Stein:
- The Magic released Bol Bol on Tuesday and he cleared the waiver wire despite having a relatively modest $2.2MM salary. The Suns have a “level of interest” in the 7’2″ big man, according to Stein. John Gambadoro of Arizona Sports 98.7 FM said on Thursday (via Twitter) that he believed Phoenix might “take a hard look” at potentially signing Bol. Jake Fischer of Yahoo Sports reported when Bol was waived that the Suns contemplated trading for him on the night of last month’s draft.
- The Mavericks aren’t done reshaping their roster this offseason, Stein reports. Dallas is expected to trade Tim Hardaway Jr. at some point, with JaVale McGee another candidate to be on the move, whether it’s via trade or being waived. Stein also hears Theo Pinson‘s time with the Mavs is likely over. The veteran guard remains an unrestricted free agent.
- The Pelicans are just above the luxury tax threshold and have reportedly been active in trade talks for weeks. Like Fischer, Stein hears New Orleans is shopping guard Kira Lewis Jr. and center Jonas Valanciunas, with Lewis’ name surfacing more frequently in recent days. The Pelicans also unsuccessfully attempted to pry Jarrett Allen away from the Cavaliers, according to Stein.
- There hasn’t been much buzz about possible offer sheets for restricted free agent Paul Reed, but Stein writes that the Jazz are worth monitoring. However, the Sixers are reportedly keen on retaining Reed, so it’s unclear if that might work out for Utah. The Jazz also already have several frontcourt players, so Reed would be a bit of an odd fit from a roster standpoint.
JULY 7: Irving’s new contract with the Mavericks is official, the team announced (via Twitter).
JUNE 30: The Mavericks and star guard Kyrie Irving have reached an agreement on a new contract within the first hour of free agency, reports Shams Charania of The Athletic (Twitter link).
According to Charania, Irving will sign a three-year, $126MM contract that will include a player option in the final season. That’s an average of $42MM annually, which is a little below Irving’s 2023/24 maximum of $47.6MM.
While Irving is certainly enigmatic and has missed an alarming amount of games over the past four seasons, there’s no question that he’s an elite scorer and ball-handler when he’s on the court, having averaged 27.1 PPG, 5.8 APG, 4.9 RPG and 1.3 SPG on .491/.395/.914 shooting in 163 games (36.0 MPG) over that span.
Dallas acquired Irving in February after he requested a trade ahead of the deadline. Considering the Mavs gave up two solid role players (Spencer Dinwiddie and Dorian Finney-Smith) as well as an unprotected 2029 first-round pick to land the 31-year-old, they were always viewed as the frontrunner to re-sign the veteran guard.
A former first overall pick, Irving has earned numerous accolades during his career, including eight All-Star nods, three All-NBA appearances, a Rookie of the Year award, and a championship trophy with the Cavs in 2016.
It will be interesting to see how the Mavs build out the rest of their roster around Luka Doncic and Irving, two incredible offensive talents who don’t always put forth much effort defensively.
Rory Maher contributed to this story.
JULY 6: The trade between the Kings and Mavericks is official, according to an announcement from the Mavs (Twitter link). Dallas acquired Holmes into the trade exception created in the Bertans deal, along with the rights to Prosper, in exchange for cash considerations.
JUNE 22: The Kings will trade center Richaun Holmes and the 24th pick to the Mavericks, tweets ESPN’s Adrian Wojnarowski. Marquette’s Olivier-Maxence Prosper was the selection at No. 24.
Holmes is under contract for 2023/24 at $12MM and holds a $12.8MM player option for the following season. Dallas will acquire him using the traded player exception it created earlier in the night by sending Davis Bertans to Oklahoma City.
Holmes, who had been Sacramento’s starting center for two-and-a-half seasons, saw his playing time slip dramatically after the 2022 trade deadline as Domantas Sabonis took over the starting job. Holmes averaged just 3.1 points and 1.9 rebounds in 42 games while playing 8.3 minutes per night.
The Mavericks continue to add frontline depth after landing Duke center Dereck Lively II with the 12th pick. It appears likely that Holmes will have a larger role in Dallas as the team tries to rebuild its supporting cast around Luka Doncic and the expected return of Kyrie Irving.
Prosper was able to raise his draft stock with an impressive showing at the combine and strong showings throughout the workout process. He reportedly held workouts with at least 16 teams.
The Kings’ return in the deal is not yet known, but it will likely be minimal, since Holmes is considered a salary dump. Sacramento now has the ability to create more than $30MM in cap room this offseason.