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Just One Team Has Used Full Non-Taxpayer MLE So Far

September 4th, 2024 at 8:03am CST by Luke Adams

As long as a team is operating below the second tax apron, it has access to at least some form of the mid-level exception, a tool designed to allow clubs to add talent without using cap room to do so. As we outline in more detail within our glossary, one of the following MLEs is available to a team below the second apron of $188,931,000:

Taxpayer mid-level exception ($5,183,000): For teams operating between the first and second tax aprons.
Non-taxpayer mid-level exception ($12,822,000): For teams operating above the cap and below the first apron.
Room exception ($7,983,000): For teams who operate under the cap and use up all their room.

While four teams – the Celtics, Suns, Timberwolves, and Bucks – currently have salaries above the second tax apron, the other 26 clubs have access to one of these three mid-level exceptions. However, only a small handful of those clubs have actually taken advantage of the exception, as our tracker shows.

The Warriors are the lone team to use the full portion of the non-taxpayer mid-level exception so far in 2024/25, having signed free agent guard De’Anthony Melton a one-year contract worth $12,822,000.

Four other teams have used at least some portion of the non-taxpayer mid-level exception, but still have a chunk left over for one or more signings later in the league year. That group includes the Bulls (approximately $4.25MM remaining), Mavericks ($4.25MM), Clippers ($3.3MM), and Wizards ($6.38MM). They used part of their MLEs to sign Jalen Smith, Naji Marshall, Derrick Jones, and Saddiq Bey, respectively.

The Nuggets used the entire $5.2MM taxpayer mid-level exception to add Dario Saric in free agency, while the Sixers re-signed Kelly Oubre using their full $8MM room exception.

The remaining 19 teams have yet to dip into their mid-level or room exceptions at all.

In some cases, it’s not practical to do so. For example, the Heat and Lakers technically have access to the taxpayer MLE, but are so close to the second apron that they can’t realistically use it without shedding some salary.

Other teams are close enough to the luxury tax line that it wouldn’t make sense for them to spend their mid-level exception and become a taxpayer. The Nets and Hawks, for instance, have yet to touch their MLEs, but they’re each less than $2MM away from the tax threshold, so it’s safe to assume neither team is on the verge of bringing in an MLE-level free agent.

Still, there are plenty of teams that have more than enough spending flexibility to use some or all of their exception. That group includes every club with access to the room exception, including potential contenders such as the Thunder and Magic.

The 2024/25 season represents the first league year in which teams are permitted to use the non-taxpayer mid-level exception or the room exception to acquire a player via trade rather than just to sign a player to a contract, so some clubs may be waiting until mid-season to see if a better opportunity arises on the trade market. Others may use some of their leftover exception money to pursue a free agent on the buyout market in February.

Warriors Notes: Curry, Hield, Melton, Podziemski, Trades

September 3rd, 2024 at 9:54pm CST by Dana Gauruder

Stephen Curry — NBA owner? That’s one of the goals for the Warriors superstar guard after he retires. Curry discussed his desire to own a piece of an NBA team on CNBC’s “Squawk on the Street,” as Jessica Golden of CNBC relays.

“For me, that’s definitely on the table,” said Curry. “I think I could do a pretty good job of helping sustain how great the the NBA is right now and what it takes to run a championship organization.”

He’s in no rush to make it happens. Curry just signed a one-year, $62.6MM extension that will take him through the 2026/27 season.

“I know I have a lot more to accomplish on the court before I move into other roles in the league,” he said.

We have more on the Warriors:

Who will be Curry’s backcourt partner in the starting lineup this season — Buddy Hield, De’Anthony Melton or Brandin Podziemski? That’s just one of the five big questions hanging over the Warriors as training camp approaches, Dalton Johnson of NBC Sports Bay Area writes. Lack of frontcourt size is another issue that may have to be addressed.
The front office is still plugging away, looking for upgrades to maximize Curry’s remaining playing career, according to Steve Bulpett of Heavy.com. A league source told Bulpett he thinks the Warriors are still hoping to make a “big” move. “From the talks they’ve had — or tried to have — it sounds like they want to do something big,” the source said. “But they also don’t want to break things up too much. Moving Klay (Thompson) was big for them, but it wasn’t as big a trade as they probably wanted it to be. They want to add around Steph and Draymond (Green), but they’re finding that’s hard to do.”
The Warriors are hard-capped at the first tax apron of $178,132,000 and are less than $1MM away from that hard cap. That means they can’t sign another player for even a veteran’s minimum standard contract until later in the season unless they shed some salary. Get the details here.

Teams Limited To Minimum Salary Contract Offers

September 3rd, 2024 at 7:57am CST by Luke Adams

There won’t be a ton of free agents who sign for more than the veteran’s minimum between now and the end of the NBA’s regular season. The majority of the players whose markets exceeded the minimum came off the board pretty quickly in July, and teams aren’t looking to spend big on the players who are still available.

Still, that certainly doesn’t mean every signing for the next seven months will be of the minimum-salary variety. In some cases – especially on the buyout market in February – being able to offer a couple million dollars more than the minimum could be the difference between a team landing a free agent and missing out on him.

With that in mind, it’s worth checking in on which teams don’t currently have the ability to offer more than the minimum. By our count, a third of the NBA is in this boat, though some of those clubs could generate some spending flexibility by making cost-cutting trades.

Here’s a breakdown of the teams currently limited to minimum-salary contract offers for free agents:

Teams above the second tax apron:

Boston Celtics
Milwaukee Bucks
Minnesota Timberwolves
Phoenix Suns

Teams operating above the second tax apron, which comes in at $188,931,000 in 2024/25, face a series of roster-building restrictions, including being prohibited from using any form of the mid-level exception, as well as the bi-annual exception.

The Celtics, Bucks, Timberwolves, and Suns all fall into that group of teams above the second apron and therefore don’t have any cap exceptions available to use on free agents besides the minimum salary exception.

Teams very close to the second tax apron:

Los Angeles Lakers
Miami Heat

Because their team salaries are below the second apron, the Lakers and Heat each technically have the ability to use their taxpayer mid-level exception, which is worth $5,168,000 this season.

However, both clubs are operating so close to the second apron that using any portion of the taxpayer MLE would push team salary above that threshold, which isn’t permitted — a team that uses the taxpayer MLE can’t have a salary above the second apron upon the completion of the signing (or at any time after that).

Therefore, unless they make a move to shed salary, the Lakers and Heat will be limited to minimum-salary signings from here on out.

Over-the-cap teams that have used all their cap exceptions:

Denver Nuggets
Philadelphia 76ers

The Nuggets are currently operating between the first and second tax aprons and have already used their taxpayer mid-level exception to sign Dario Saric. Because the bi-annual exception isn’t available to teams above the first apron, Denver can no longer offer more than the veteran’s minimum.

The Sixers, meanwhile, used their entire room exception to re-sign Kelly Oubre after spending all their cap space. They’re now well over the cap and only have the minimum salary exception left to sign a free agent outright.

It’s worth noting that acquiring a player via sign-and-trade is technically a possibility prior to opening night for teams who have used up all their cap exceptions and want to add a free agent for more than the minimum. However, that’s not currently a practical option for either Denver or Philadelphia, who are both above the first tax apron.

Teams right up against their hard caps:

Dallas Mavericks
Golden State Warriors

The Mavericks have about $4.25MM of their mid-level exception still available after using a portion of it to sign Naji Marshall, and both Dallas and Golden State still have their full bi-annual exceptions on hand.

Based on the roster moves they’ve made so far this summer though, both the Mavs and Warriors are hard-capped at the first apron of $178,132,000 and are less than $1MM away from that hard cap. In other words, unless they shed salary by trading or waiving one or more of their current players, those two teams aren’t just prohibited from using their remaining exceptions — they’re also unable to add another minimum-salary player on a standard contract.

Dallas and Golden State are each carrying at least one player with a non-guaranteed salary, so it would technically be possible for, say, the Mavs to cut A.J. Lawson and then use a portion of their mid-level exception to sign a free agent. However, their breathing room below the hard cap is so limited that any signings above the minimum are unlikely, unless a cost-cutting trade generates more flexibility — the same goes for the Warriors.

Davis Bertans To Work Out For Warriors

September 2nd, 2024 at 8:10pm CST by Dana Gauruder

Free agent forward Davis Bertans has been invited to work out for the Warriors, Marc Stein tweets. Bertans is looking to receive a training camp invite.

Bertans became a free agent when the Hornets waived him in early July. He had a $16MM salary for 2024/25, but only $5.25MM of that total was guaranteed before Charlotte cut him loose.

Bertans, 31, was dealt to the Hornets from the Thunder midway through the 2023/24 season in the Gordon Hayward trade. He saw his role expand on a lottery-bound Charlotte squad, averaging 8.8 points on a .394/.375/.889 shooting line in 28 appearances.

Once one of the more sought-after stretch fours in the league, Bertans signed a five-year, $80MM contract in 2020.

He spent one full and one partial season with Washington after it re-signed him, then was dealt to Dallas. He came off the bench for one-and-a-half seasons with the Mavericks, then was moved to the Thunder in an offseason trade. He saw limited action in 15 games with OKC before he was dealt to the Hornets.

Bertans is a career 39.6% three-point shooter. He’s averaged 7.7 points in 18.0 minutes in 475 career games.

The Warriors have 15 players on their standard roster but three of them have non-guaranteed deals, as our roster counts show.

Two 2024 Draft Picks Remain Unsigned

September 1st, 2024 at 10:59am CST by Rory Maher

Of the 58 players who were selected in June’s draft, 54 have signed their first NBA contracts since the start of July. As our tracker shows, the breakdown is as follows:

First-round picks signed using the rookie scale exception: 30
Second-round picks signed using the second-round pick exception: 13
Second-round picks signed to two-way contracts: 10
Second-round picks signed using cap room: 1

Two second-round picks — Juan Nunez (No. 36) and Melvin Ajinca (No. 51) — will continue their professional careers in Europe. Their draft rights are controlled by the Spurs and Mavericks, respectively.

That leaves two players from the 2024 draft class who have yet to sign with their respective NBA teams. Here are those players:

43. Atlanta Hawks: Nikola Djurisic, G, Mega Basket
52. Golden State Warriors: Quinten Post, F/C, Boston College

The Hawks‘ plans for Djurisic remain unclear. The 20-year-old sustained a left foot fracture during a Summer League game in July; the injury required surgery, with another update on his status slated for November. That means he is expected to miss the beginning of the 2024/25 regular season, which opens in late October.

Atlanta has 15 players signed to guaranteed standard contracts, and all three of the team’s two-way spots are currently filled. It’s possible the Hawks could waive one of their two-way players to create room for Djurisic, but there are other possibilities, both in North America and overseas.

When our Luke Adams wrote about Djurisic last month, he wondered whether the young guard might consider signing a G League contract to rehab and get back into game shape with the College Park Skyhawks (Atlanta’s NBAGL affiliate). Going that route could potentially earn Djurisic a promotion to the NBA roster later in the season, perhaps after Atlanta opens up a spot on its standard roster with a trade or two.

As for Post, Adams believes the most likely outcome is Golden State eventually waiving Pat Spencer, opening a two-way contract spot for the Dutch big man. If the Warriors make a multiplayer trade, a standard deal for the 24-year-old is another possibility, but nothing appears imminent on that front.

Will Warriors Try To Wrap Up Extensions With Kuminga, Mooday?

August 31st, 2024 at 10:00pm CST by Arthur Hill

Now that the Warriors have reached an extension with Stephen Curry, Sam Gordon of the San Francisco Chronicle examines whether they’ll pursue rookie scale extensions with Jonathan Kuminga and Moses Moody before the October 21 deadline. Both players will become eligible for restricted free agency next summer if they don’t sign new deals prior to opening night.

Southwest Notes: Cuban, Thompson, Grizzlies, Sheppard, Sochan

August 31st, 2024 at 8:31pm CST by Arthur Hill

Appearing on The Roommates Show podcast (video link), Mark Cuban suggested that Klay Thompson might get better scoring opportunities with the Mavericks than he did during his years with the Warriors. Cuban explained that playing alongside Luka Doncic and Kyrie Irving should free up Thompson for plenty of open shots.

“Obviously the big addition was Klay,” Cuban said in addressing the team’s offseason moves. “Just somebody who you have to face guard, who’s going to make 40% (from three-point range), and we’re hoping, you know at Golden State he had to always be on the move. They had that motion offense where he was always coming off screens and running. We don’t do that, or not nearly as much, and sure we’ll run some of that action for him, but just standing in the corner, and standing in the wings, and just catch and shoot from Luka and Ky. Hopefully his life is going to be a lot easier.”

Following a trip to the NBA Finals, Dallas has worked to upgrade its roster this summer. Along with adding Thompson, the Mavs improved their perimeter depth by picking up Quentin Grimes, Naji Marshall and Spencer Dinwiddie.

“We wanted to keep that defensive mindset, but we also wanted somebody that was going to be able to make a three,” Cuban added, “because Luka is always going to get you an open look, Kyrie is going to get you an open look or score on their own.”

There’s more from the Southwest Division:

DaMichael Cole of The Memphis Commercial Appeal examines the Grizzlies‘ options for their open roster spot after waiving Mamadi Diakite this week. Cole states that the team could either promote one of its two-way players, sign a free agent to improve the bench or keep the slot open for a move later in the season. Cole believes Scotty Pippen Jr. and Jay Huff are the two-way players with the best chance of receiving a standard contract, while center and point guard are the positions with the greatest need for more depth.
There’s been skepticism on whether Reed Sheppard will play enough on a deep Rockets team to be a serious Rookie of the Year candidate, but Tim McMahon stated on the Hoop Collective podcast that playing time shouldn’t be an issue (Twitter link from Chris Gorman). “He’ll be on the floor,” McMahon said. “I think he’ll play a significant role as a play-maker off the bench.”
Spurs forward Jeremy Sochan wasn’t hurt in a one-vehicle crash last weekend, according to Raul Trey Lopez of The San Antonio Express-News. Sochan told police that he “lost control” of his $240K Porsche 911 GT3 RS before hitting a guardrail.

Warriors Notes: Curry, Training Camp, Next Season

August 30th, 2024 at 9:40pm CST by Dana Gauruder

Stephen Curry‘s decision to sign a one-year extension, a commitment through the 2026/27 season, shows that he still expects the Warriors to be contenders in the coming years, he told Marcus Thompson II of The Athletic.

“It’s still about winning,” Curry said, “and taking the steps necessary to give ourselves a chance. The standard hasn’t changed. The expectation hasn’t changed.”

Curry wants to remain a Warrior for the rest of his career. He’ll be 39 by the end of his contract.

“I’ve always said I wanted to play for one team my whole career,” he said. “So it’s good to get (the extension) question out of the way and give complete focus to basketball and to the season.”

We have more on the Warriors:

Curry’s one-year extension will pay him $62.6MM in 2026/27. Eric Pincus of Bleacher Report explains why Curry’s salary won’t have massive implications regarding the luxury tax and tax aprons and answers several other questions related to the most lucrative one-year extension in NBA history.
The Warriors will begin training camp in Hawaii, returning there for the first time since 2007, according to a team press release. They will also have a preseason game against the Clippers in Honolulu on Oct. 5.
The Warriors believe they’ll improve upon last season’s 10th-place finish in the Western Conference, but even with their roster adjustments, that might prove difficult, Monte Poole of NBC Sports Bay Area writes. Poole anticipates that if the Warriors are at least in the middle of the standings at the halfway point, they’ll pursue a significant deal before the trade deadline.

Bruno Caboclo Signs With Hapoel Tel Aviv

August 30th, 2024 at 7:46am CST by Luke Adams

Former NBA first-round pick Bruno Caboclo has signed with Hapoel Tel Aviv, the Israeli club formally announced today (via Twitter). According to a Sport5 report relayed by Sportando, the contract covers two seasons. Previous reporting indicated the second year would be a team option.

Caboclo was said to be working out with the Warriors this week in the hopes of landing an NBA contract. While it’s possible Caboclo’s deal includes an NBA opt-out clause in the event that he receives an offer from Golden State or another team, the fact that he’s officially moving forward with Tel Aviv suggests that no NBA opportunity he likes has materialized.

The 20th overall pick in the 2014 draft, Caboclo spent parts of seven seasons in the NBA, but appeared in just 105 total games for the Raptors, Kings, Grizzlies, and Rockets from 2014-21. He averaged 4.2 points and 2.6 rebounds in 12.3 minutes per contest.

Caboclo has been more effective on the international stage, winning a German League (BBL) title in 2023 with Ratiopharm Ulm and earning All-EuroCup Second Team honors that season before spending the 2023/24 campaign with Partizan Belgrade in the EuroLeague. He also represented Brazil in this year’s Olympics, leading the national team with 17.3 points and 7.0 rebounds in 22.1 minutes per game across four outings.

Hapoel Tel Aviv, which is aiming to earn a promotion to the EuroLeague by winning a EuroCup title in 2024/25, also added NBA veterans Patrick Beverley and Ish Wainright earlier this summer.

Stephen Curry Signs One-Year Extension With Warriors

August 29th, 2024 at 6:33pm CST by Rory Maher

6:33pm: Curry has signed the extension, the team’s PR department announced (via Twitter).

11:28am: Two-time MVP Stephen Curry has agreed to a one-year, $62.6MM extension with the Warriors, agent Jeff Austin tells Adrian Wojnarowski of ESPN (Twitter link).

Curry was limited to a one-year extension due to the Over-38 rule. He was already under contract for the next two seasons, with salaries of $55.8MM in 2024/25 and $59.6MM in 2025/26. His new extension will cover the 2026/27 campaign, meaning he won’t hit free agency until 2027.

Curry’s salary on the one-year extension won’t be affected by where the ’26/27 cap lands, since he’ll be eligible for a 5% raise on his previous salary, even though that figure will exceed that season’s league-wide maximum.

Widely regarded as the greatest shooter in basketball history, Curry holds career averages of 24.8 points, 4.7 rebounds, 6.4 assists and 1.5 steals on .473/.426/.910 shooting in 956 regular season games (34.2 minutes per contest). The 10-time All-NBA guard, who has won four championships and made six NBA Finals appearances, has spent his entire 15-year career with Golden State.

The Warriors had an up-and-down season in ’23/24. They went 46-36 and were eliminated in the play-in tournament by the Kings. The 36-year-old still performed at a very high level though, averaging 26.4 points, 4.5 rebounds and 5.1 assists on .450/.408/.923 shooting in 74 regular season games (32.7 minutes). Curry earned an All-NBA Third Team nod for his efforts.

Curry is coming off a star showing at the 2024 Olympics in Paris, when he was dominant in both the semifinal (vs. Serbia) and final (vs. France) en route to his first gold medal with Team USA. He had struggled for much of the tournament leading up to those games, but obviously stepped up in a major way when he was needed most.

As ESPN’s Bobby Marks tweets, Curry will surpass $500MM+ in career on-court earnings with the new extension, joining LeBron James and Kevin Durant as the only players to reach that threshold.

Curry, general manager Mike Dunleavy Jr., and owner Joe Lacob have all expressed a desire for the 6’2″ guard to remain with the Warriors for the rest of his illustrious career. The extension agreement has both sides one step closer to achieving that goal.