Hoops Rumors Originals

NBA 2018 Free Agency: July 1 Recap

With cap space around the NBA expected to be scarce this offseason, a number of free agents decided not to wait around for better offers and reached agreements quickly when the 2018/19 league year officially got underway on July 1. The result was an action-packed day that saw many of our top 50 free agents of 2018 come off the board.

For the most part, these deals aren’t yet official, so the reported terms could change — or agreements could fall through altogether. Generally speaking though, teams and players are on track to finalize these contract agreements sometime after the July moratorium ends on Friday.

Here’s our breakdown of July 1’s notable NBA contract agreements:

Be sure to use our 2018 NBA Free Agent Tracker to keep tabs on all of this summer’s contract agreements. Our lists of free agents by position/type and by team show which players are still available.

Community Shootaround: Best Deal Of The Day

The first day of free agency is almost complete and several big names are already off the market.

Paul George will stay in Oklahoma City for the next four years, bringing approximately $137MM. DeAndre Jordan will make roughly the same ($24MM) in Dallas this season as he would have had he opted in with the Clippers. Chris Paul remains in Houston on a four-year, $160MM deal and Kevin Durant will stay in Golden State for at least one more year, as he signed a two-year, $61.5MM deal that will allow him to hit the open market again next summer.

Outside of the top players, many rotational players got paid on mid-sized deals. Ed Davis landed a one-year, $4.4MM deal with the Nets. The Spurs retain Rudy Gay on a one-year, $10MM pact and bring back old friend Marco Belinelli on a two-year, $12MM deal. Trevor Ariza cashes in with the Suns on a one-year, $15MM deal and Joe Harris will stay with the Nets, earning $16MM over the next two seasons.

Tonight’s community shootaround is all about which team made the best deal. The Warriors re-signing Durant is arguably the most important deal of the group and the Thunder retaining George has to be seen as one of the greatest accomplishments during GM Sam Presti’s reign. Aside from those two deals, which contract has the most value?

The Raptors re-signing Fred VanVleet stands out as another coup in a long list of positives during GM Masai Ujiri’s tenure. At $9MM per season, he’ll provide excellent value off the bench and he’s more than capable of starting for Toronto should the club deal Kyle Lowry (no one on the roster is untouchable in trades, per reports).

Which team do you think negotiated the best deal? Do you agree that VanVleet’s contract holds the most value outside of Durant’s and George’s or do you believe another deal is more team-friendly? Let us know your thoughts in the comment section below. We look forward to what you have to say!

 

Hoops Rumors’ 2018 NBA Free Agent Tracker

With free agency officially underway and news of contract agreements already breaking, Hoops Rumors is here to help you keep track of which players are heading to which teams this July. To this end, we present our Free Agent Tracker, a feature we’ve had each year since our inception in 2012. Using our tracker, you can quickly look up deals, sorting by team, position, free agent type, and a handful of other variables.

A few notes on the tracker:

  • During the July moratorium (July 1-6), most of the information you’ll find in the tracker will reflect tentative agreements, rather than finalized deals. As signings become official, we’ll continue to update and modify the data as needed.
  • Similarly, contract years and dollars will be based on what’s been reported to date, so in many cases those amounts will be approximations rather than official figures. Salaries aren’t necessarily fully guaranteed either.
  • A restricted free agent who signs an offer sheet won’t be included in the tracker right away. We’ll wait to hear whether the player’s original team will match or pass on that offer sheet before we update our tracker, in order to avoid confusion.
  • If you’re viewing the tracker on our mobile site, be sure to turn your phone sideways to see more details.

Our 2018 Free Agent Tracker can be found anytime on the right sidebar of our desktop site under “Hoops Rumors Features,” and it’s also under the “Tools” menu atop the site. On our mobile site, it can be found in our menu under “Free Agent Lists.”

The tracker will be updated throughout the offseason, so be sure to check back for the latest info. If you have any corrections, please let us know right here.

Our lists of free agents by position/type and by team break down the players who have yet to reach contract agreements.

Community Shootaround: Superteam in L.A.?

Speculation continues to grow that the Lakers will land the biggest prize of the summer in LeBron James, but the other pieces they were hoping for appear less certain.

Lakers fans watched in anticipation today as LeBron took a flight from his vacation spot of Anguilla to Van Nuys Airport in Los Angeles. It could be a clue or it could just mean that James and his family were returning to their summer home.

Halfway across the country, Thunder fans are finding hope in a “summer hype house party” hosted tonight by OKC star Russell Westbrook. Teammate Paul George is on the guest list for the bash, which would serve as an ideal location if he wants to announce that he’s staying in Oklahoma City. Guests are required to sign a non-disclosure agreement, which adds to the anticipation that major news is on the way.

George is one Los Angeles native the Lakers were hoping to add to their mix. The other is Kawhi Leonard, who has requested a trade out of San Antonio. However, the Spurs are seeking a “clean out the cupboard” type deal, according to ESPN’s Brian Windhorst, and the Lakers have been unwilling to meet their price. He adds that L.A. views Leonard as a “distressed asset” who is almost certain to leave San Antonio next summer, so the Lakers’ front office is unwilling to give the Spurs what they want. The Celtics and Sixers are also in on the bidding for Leonard and both might be willing to make better offers.

With the start of free agency less than 30 minutes away, we want to get your predictions. James, George and Leonard — how many of them will be Lakers when the season starts in October? Please leave your responses in the space below.

NBA Minimum Salaries For 2018/19

While some NBA teams will head into free agency with more than enough cap room to add a maximum salary player, other clubs will be totally capped out. However, each of the NBA’s 30 clubs will be on common ground in one respect: No team will be ineligible to sign a player to a minimum salary contract.

Teams with cap room available will have a little more flexibility to sign players to longer-term minimum salary contracts, but over-the-cap clubs will still be able to use the minimum salary exception to add as many players as they want. Unlike other exceptions, such as the mid-level or the bi-annual, the minimum salary exception can be used multiple times, for contracts of up to two years.

[RELATED: Values of 2018/19 mid-level, bi-annual exceptions]

Undrafted free agents and late second-round picks are often recipients of minimum salary contracts, but there are plenty of veterans who end up settling for the minimum too. Of course, because a player’s minimum salary is determined by how much NBA experience he has, many veterans will earn more than twice as much money as a rookie will in 2018/19 on a minimum salary contract.

Listed below are 2018/19’s minimum salary figures, sorted by years of NBA experience. If a player spent any time on an NBA club’s active regular season roster in a given season, he earned one year of experience. So any player with zero years of experience has not yet made his NBA debut.

Here’s the full breakdown:

Years of Experience Salary
0 $838,464
1 $1,349,383
2 $1,512,601
3 $1,567,007
4 $1,621,415
5 $1,757,429
6 $1,893,447
7 $2,029,463
8 $2,165,481
9 $2,176,260
10+ $2,393,887

Because the NBA doesn’t want teams to avoid signing veteran players in favor of cheaper, younger players, the league reimburses clubs who sign veterans with three or more years of experience to one-year, minimum salary contracts. Those deals will only count against the cap – and against a team’s bank balance – for $1,512,601, the minimum salary for a player with two years of experience.

For instance, if David West – who has 15 years of NBA experience – signs a one-year, minimum salary contract with a new team, that team would only be charged $1,512,601 for West’s contract. He’d earn $2,393,887, but the NBA would make up the difference. This only applies to one-year contracts, rather than multiyear deals.

If a player signs a minimum salary contract after the regular season begins, he’ll earn a pro-rated portion of the amount listed above.

Players who are still on minimum-salary contracts that they signed in a previous season will have slightly higher minimum salaries than a player who signs a new contract this offseason. Those minimum salary figures are as follows:

Years of Experience Salary
1 $1,378,242
2 $1,544,951
3 $1,600,520
4 $1,656,092
5 $1,795,015
6 $1,933,941
7 $2,072,867
8 $2,211,794
9 $2,222,803
10+ $2,445,085

These numbers would apply to a player like Heat shooting guard Rodney McGruder, who signed a three-year, minimum-salary contract in 2016. He now has two years of NBA experience, so his minimum salary for 2018/19 will be $1,544,951. If he had been waived and signed a new minimum deal for ’18/19, his salary would only be $1,512,601.

NBA Maximum Salaries For 2018/19

Now that the NBA has set its salary cap for the 2018/19 league year at $101,869,000, we have a clearer idea of what maximum-salary contracts will look like for the coming season.

While these numbers could soon be applied to contracts for free agents like LeBron James, Kevin Durant, Paul George, and Nikola Jokic, they’re also relevant for players who signed maximum-salary extensions last year, such as Russell Westbrook, Joel Embiid, and Andrew Wiggins.

Listed below are the maximum-salary contracts for players signing contracts that start in 2018/19. The first chart shows the maximum salaries for a player re-signing with his own team — a player’s previous team can offer five years instead of four, and 8% annual raises instead of 5% raises. The second chart shows the maximum salaries for a player signing with a new team.

A player’s maximum salary is generally determined by his years of NBA experience, so there’s a wide gap between potential earnings for younger and older players. In the charts below, the “6 years or less” column details the maximum contracts for players like Jokic and Wiggins; the “7-9 years” column applies to free agents like George and DeMarcus Cousins; and the “10+ years” column applies to vets like James and Chris Paul.

Here are the maximum salary figures for 2018/19:


A player re-signing with his own team (8% annual raises, up to five years):

Year 6 years or less 7-9 years 10+ years
2018/19 $25,467,250 $30,560,700 $35,654,150
2019/20 $27,504,630 $33,005,556 $38,506,482
2020/21 $29,542,010 $35,450,412 $41,358,814
2021/22 $31,579,390 $37,895,268 $44,211,146
2022/23 $33,616,770 $40,340,124 $47,063,478
Total $147,710,050 $177,252,060 $206,794,070

A player signing with a new team (5% annual raises, up to four years):

Year 6 years or less 7-9 years 10+ years
2018/19 $25,467,250 $30,560,700 $35,654,150
2019/20 $26,740,613 $32,088,735 $37,436,858
2020/21 $28,013,975 $33,616,770 $39,219,565
2021/22 $29,287,338 $35,144,805 $41,002,273
Total $109,509,176 $131,411,010 $153,312,846

Values Of 2018/19 Mid-Level, Bi-Annual Exceptions

The salary cap for the 2018/19 NBA league year has officially been set, with the league announcing that the cap will be $101,869,000.

Under the league’s current Collective Bargaining Agreement, the values of the mid-level, room, and bi-annual exceptions are tied to the percentage that the salary cap increases in a given year. The cap figure for 2018/19 represents approximately a 2.8% increase over last season’s $99,093,000, so other exceptions will increase by the same amount.

Listed below are the maximum annual and total values of each of these exceptions, along with a brief explanation of how they work and which teams will have access to them.


Mid-Level Exception (Non-Taxpayer):

Year Salary
2018/19 $8,641,000
2019/20 $9,073,050
2020/21 $9,505,100
2021/22 $9,937,150
Total $37,156,300

The non-taxpayer mid-level exception is the primary tool available for over-the-cap teams to add free agents. As long as a team hasn’t dipped below the cap to use cap space and doesn’t go over the tax apron ($129.817MM) at all, it can use this MLE, which runs for up to four years with 5% annual raises.


Mid-Level Exception (Taxpayer):

Year Salary
2018/19 $5,337,000
2019/20 $5,603,850
2020/21 $5,870,700
Total $16,811,550

If an over-the-cap team currently projects to be a taxpayer, or expects to move into tax territory later in the 2018/19 season, it will have access to this smaller mid-level exception for taxpaying teams. If a team uses more than $5.337MM of its mid-level exception, it is forbidden from surpassing the tax apron at any time during the league year. So even if a team isn’t above the apron when it uses its MLE, it might make sense to play it safe by avoiding using the full MLE and imposing a hard cap.

The taxpayer MLE can be used to sign a player for up to three years, with 5% annual raises.


Room Exception:

Year Salary
2018/19 $4,449,000
2019/20 $4,671,450
Total $9,120,450

Although this is also a mid-level exception of sorts, it’s colloquially known as the “room” exception, since it’s only available to teams that have used cap room. If a club goes under the cap, it loses its full mid-level exception, but gets this smaller room exception, which allows the team to go over the cap to sign a player, once the team has used up all its cap space. It can be used to sign players for up to two years, with a 5% raise for the second season.


Bi-Annual Exception:

Year Salary
2018/19 $3,382,000
2019/20 $3,551,100
Total $6,933,100

The bi-annual exception, as its name suggests, is only available to teams once every two years. Of the NBA’s 30 clubs, only three – the Pistons, Rockets, and Clippers – used it in 2017/18, so they won’t have access to it in 2018/19. The league’s other 27 teams could theoretically use it this season.

Still, even if a team didn’t use its BAE in ’17/18, that club doesn’t necessarily have access to it for the coming year. As is the case with the non-taxpayer MLE, this exception disappears once a team goes under the cap. It’s also not available to teams over the tax apron — using the BAE creates a hard cap at the apron.

The BAE can be used to sign players for up to two years, with a 5% raise after year one.

Note: Be sure to check out our Hoops Rumors Glossary installments for more information on the mid-level exception and the bi-annual exception.

Hoops Rumors Originals: 6/23/18 – 6/30/18

Every week, the Hoops Rumors writing team creates original content to complement our news feed. Here are our segments and features from the past seven days:

  • The Hoops Rumors writing team took a stab at ranking our Top 50 free agents of 2018.
  • In this week’s Community Shootaround post, we asked who you believe is the early favorite to win the 2019 NBA Rookie of the Year Award.
  • Arthur Hill answered several questions in his weekly mailbag, including whether the Lakers’ draft strategy assumed the arrival of LeBron James and the chances of the Jazz making a splash in free agency.
  • Before the deadline came and went, Luke Adams took a look at some notable players who had yet to make a decision on their player option.
  • Luke Adams analyzed how the annual salary cap increase affects other important CBA-related figures.
  • We introduced our 2018 NBA Offseason Trade tracker.
  • Luke Adams recapped all the players who were eligible to receive qualifying offers this offseason, with details on which players did and didn’t get them.

2018 NBA Qualifying Offer Recap

Players eligible for restricted free agency don’t become restricted free agents by default. In order for a team to make a player a restricted free agent, it must extend a qualifying offer to him by June 29. The qualifying offer, which is essentially just a one-year contract offer, varies in amount depending on a player’s previous contract status.

A qualifying offer is designed to give a player’s current team the right of first refusal. Because the qualifying offer acts as the first formal contract offer a free agent receives, his team then has the option to match any offer sheet the player signs with another club. If a player doesn’t receive a qualifying offer, he becomes an unrestricted free agent and is free to sign with any team — his previous club is given no formal opportunity to match.

You can read more about qualifying offers here.

Listed below are all the players who were eligible to receive qualifying offers this season, with details on which players did and didn’t get them. Our list is based on information from RealGM’s official NBA transactions log, along with various reports leading up to Friday’s deadline.

It’s possible that one or two qualifying offers slipped through the cracks and will be reported later today before free agency officially gets underway — if so, we’ll update this list. For now though, this is what the qualifying offer landscape looks like. The players who received QOs will be restricted free agents on July 1, while the players who didn’t will be unrestricted.


Received qualifying offers:

Players on NBA contracts:

Players on two-way contracts:

Note: Qualifying offers for two-way players are one-year, two-way contracts with a $50K guarantee.


Did not receive qualifying offers:

Players on NBA contracts:

Players on two-way contracts:

Note: Several players on two-way contracts reportedly signed two-year deals, making them ineligible for free agency this summer. They remain under contract.

Salary information from Basketball Insiders was used in the creation of this post. Photos courtesy of USA Today Sports Images.

Top 50 NBA Free Agents Of 2018

The NBA’s new league year will officially begin on Sunday at 12:01 am eastern time, and this year’s free agent period should be fascinating, given the lack of cap room available around the league. There may not be enough money to go around for all the quality players who will be seeking raises and multiyear deals.

Listed below are our top 50 free agents for the 2018/19 NBA season. The players on this list are on track to reach free agency on July 1, though a small handful could still pick up options for next season.

Our rankings take into account both a player’s short-term and long-term value. If we were to consider solely a player’s worth for the 2018/19 season, a veteran like Dwyane Wade would likely place higher, while younger free agents with upside, such as Jabari Parker and Zach LaVine, might be ranked a little lower.

Our top-50 list is a group effort, with Austin Kent, Clark Crum, Arthur Hill, and I all contributing to our composite rankings.

In addition to the players listed below, there are plenty of other notable free agents available this summer. You can check out our breakdowns of free agents by position/type and by team for the full picture.

Here are our top 50 free agents of 2018:


1. LeBron James, F, Cavaliers
Even at 33 years old, James will easily command a four- or five-year, maximum-salary contract if that’s what he wants. One of the NBA’s all-time greats, LeBron was operating at the height of his powers in 2017/18 and while we don’t think he can do this forever, he has shown no signs of slowing down. The team that ends up with him on its roster becomes an instant contender.

2. Kevin Durant, F, Warriors
You could make a case that Durant deserves to top this list after earning his second consecutive NBA Finals MVP, but whether he comes in at No. 1 or No. 2, his free agency will be a mere formality. He has already indicated that he’ll opt out of his current contract to sign a new deal with the Warriors.

3. Nikola Jokic, C, Nuggets (RFA)
Like Durant, Jokic is unlikely to generate much drama with his free agent decision. The Nuggets could have had him back on a paltry $1.6MM team option, but chose to decline that option in order to lock him up to a long-term deal. The two sides are expected to finalize a five-year, maximum-salary agreement soon after the new league year begins.

4. Paul George, F, Thunder
Viewed as a virtual lock a year ago to eventually end up with the Lakers, George is still seriously considering heading to Los Angeles, but the Thunder remain very much in the mix too. The All-Star forward will have to decide whether a second year with Russell Westbrook and company can produce better results than the first one did, or whether it makes more sense to start fresh in L.A.

5. Chris Paul, G, Rockets
Paul had the chance to reach free agency a year ago, but exercised his player option to facilitate a trade to the Rockets instead. At the time, there was a belief that it was only a matter of time before CP3 and the Rockets finalized a longer-term arrangement. As such, it would be a major surprise if Paul leaves Houston this summer.

Read more