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Values Of 2024/25 Mid-Level, Bi-Annual Exceptions

June 30th, 2024 at 6:59pm CST by Luke Adams

The salary cap for the 2024/25 NBA league year has officially been set, with the league announcing that the cap will be $140,588,000, a 3.36% increase on last year’s number.

Under the league’s current Collective Bargaining Agreement, the values of the mid-level, room, and bi-annual exceptions are tied to the salary cap and the percentage that it shifts in a given year. Here’s how that math works:

  • Non-taxpayer mid-level exception: Worth 9.12% of salary cap.
  • Taxpayer mid-level exception: Increases at the same rate as the salary cap.
  • Room exception: Worth 5.678% of the salary cap.
  • Bi-annual exception: Worth 3.32% of the salary cap.

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. For more information, check out glossary entries on the mid-level exception and the bi-annual exception.

Mid-Level Exception (Non-Taxpayer):

Year Salary
2024/25 $12,822,000
2025/26 $13,463,100
2026/27 $14,104,200
2027/28 $14,745,300
Total $55,134,600

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 first tax apron ($178,132,000) at all, it can use this MLE, which runs for up to four years with 5% annual raises.

In 2024/25, for the first time, this exception can also be used to acquire players via trade or waiver claim.

Mid-Level Exception (Taxpayer):

Year Salary
2024/25 $5,168,000
2025/26 $5,426,400
Total $10,594,400

This lesser form of the mid-level exception is capped at two years and can only be used to sign free agents, not to acquire players via trade or waiver claim. It includes a maximum raise of 5% for the second season.

This exception is essentially available to teams who expect their total salaries to fall between the first tax apron and the second apron ($188,931,000). It’s not available to teams above the second tax apron, so a team that does use it becomes hard-capped at that second apron. A team that uses more than $5,168,000 of its mid-level exception will be hard-capped at the first apron.

Room Exception:

Year Salary
2024/25 $7,983,000
2025/26 $8,382,150
2026/27 $8,781,300
Total $25,146,450

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 go below the cap and use their 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.

The room exception can be used to sign players for up to three years, with 5% annual raises. It can also be used to acquire players via trade or waiver claim.

Bi-Annual Exception:

Year Salary
2024/25 $4,668,000
2025/26 $4,901,400
Total $9,569,400

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 Cavaliers, Lakers, and Raptors – used it in 2023/24, so they won’t have access to it in ’24/25. The league’s other 27 teams could all theoretically use it this season.

Still, even if a team didn’t use its BAE in ’23/24, 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 to use room. It’s also not available to teams over the first tax apron — using the BAE creates a hard cap at that apron.

The BAE can be used to sign players for up to two years, with a 5% raise after year one. It can also be used to acquire players via trade or waiver claim.

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NBA Maximum Salaries For 2024/25

June 30th, 2024 at 4:55pm CST by Luke Adams

Now that the NBA has set its salary cap for the 2024/25 league year at $140,588,000, we have a clear idea of what maximum-salary contracts will look like for the coming season.

Listed below are the maximum-salary contracts for players signing contracts that start in 2024/25.

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.

These figures will apply to a number of players who signed maximum-salary contract extensions that will go into effect in 2024/25: Devin Booker, Karl-Anthony Towns, Jaylen Brown, Anthony Edwards, Tyrese Haliburton, and LaMelo Ball. They’ll also apply to anyone who signs a maximum-salary contract with his own team as a free agent in ’24/25.

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 contract for a player like Ball, as well as what a free agent like Tyrese Maxey is eligible for; the “7-9 years” column applies to Pascal Siakam, who is signing a four-year max deal with the Pacers, and to Edwards and Haliburton, who each qualified for a Rose Rule rookie scale extension; and the “10+ years” column applies to the league’s most experienced vets, like LeBron James and Paul George, as well as those who qualified for the super-max, such as Booker, Towns, and Brown.

Here are the maximum salary figures for 2024/25:

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
2024/25 $35,147,000 $42,176,400 $49,205,800
2025/26 $37,958,760 $45,550,512 $53,142,264
2026/27 $40,770,520 $48,924,624 $57,078,728
2027/28 $43,582,280 $52,298,736 $61,015,192
2028/29 $46,394,040 $55,672,848 $64,951,656
Total $203,852,600 $244,623,120 $285,393,640

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

Year 6 years or less 7-9 years 10+ years
2024/25 $35,147,000 $42,176,400 $49,205,800
2025/26 $36,904,350 $44,285,220 $51,666,090
2026/27 $38,661,700 $46,394,040 $54,126,380
2027/28 $40,419,050 $48,502,860 $56,586,670
Total $151,132,100 $181,358,520 $211,584,940

It’s worth noting that none of the maximum-salary figures listed above will apply to extension-eligible players whose new contracts will start in 2025/26.

This group includes Scottie Barnes, who will reportedly sign a maximum-salary rookie scale extension with the Raptors. It also includes players who signed max extensions in previous years that will begin in ’25/26, such as Giannis Antetokounmpo and Anthony Davis.

The exact value of those players’ contracts will depend on where the cap lands for 2025/26, which won’t be officially announced until next June.

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2024 NBA Free Agency Primer

June 30th, 2024 at 12:25pm CST by Luke Adams

While teams have been permitted to negotiate with their own free agents since the day after the end of the NBA Finals, the league’s 2024 free agency period officially begins on Sunday at 5:00 pm central time. Several contract agreements have been reported during the last week or two, but that number will significant increase beginning on Sunday evening.

Here are a few links to prepare you for one of the most exciting days on the NBA calendar:

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2024 NBA Qualifying Offer Recap

June 30th, 2024 at 8:13am CST by Luke Adams

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. 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 the details on which players did and didn’t receive qualifying offers this summer. Our list is based on various reports and team announcements leading up to the June 29 deadline, along with confirmation from RealGM’s official NBA transactions log.

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, while the players who didn’t will be unrestricted. We’ve updated our free agents lists by position and by team to reflect the changes.

Received qualifying offers:

Players on standard contracts:

Note: Qualifying offers marked with an asterisk (*) are based on a projected $141MM salary cap and would increase or decrease if the cap comes in higher or lower than that.

Players on two-way contracts:

Note: Qualifying offers for two-way players are one-year, two-way contracts with a guarantee of approximately $78K unless otherwise indicated.

Did not receive qualifying offers:

Players on standard contracts:

Players on two-way contracts:

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Hoops Rumors Glossary: Traded Player Exception

June 28th, 2024 at 7:59am CST by Luke Adams

Relying on the trade machine at ESPN or Spotrac is probably the simplest way for NBA fans to verify whether or not a trade will work under league rules, but it’s a worthwhile exercise to examine and understand the primary tool in the NBA’s Collective Bargaining Agreement that determines a trade’s viability — the traded player exception.

Teams with the cap room necessary to make a trade work don’t need to abide by traded player exception rules. However, if a team makes a deal that will leave its total salary more than $250K above the salary cap, the club can use a traded player exception to ensure the trade is legal under CBA guidelines.

There are two different types of traded player exceptions used in NBA deals. One applies to simultaneous trades, while the other applies to non-simultaneous deals.

In a simultaneous trade, a team can send out one or more players and can acquire more salary than it gives up. In a non-simultaneous trade, only a single player can be dealt, and the team has a year to take back the equivalent of that player’s salary (plus $250K for non-tax apron teams).

Let’s look into each scenario in greater detail….

Simultaneous:

In a simultaneous trade, different rules apply to teams whose salaries are below the first tax apron and those whose salaries are above the apron. A non-apron team can trade one or more players and take back….

  1. 200% of the outgoing salary (plus $250K), for any amount up to $7,500,000.
  2. The outgoing salary plus $7.5MM, for any amount between $7,500,001 and $29,000,000.
  3. 125% of the outgoing salary (plus $250K), for any amount above $29,000,000.

Here’s a recent example of these rules in effect:

In January, the Pacers traded Bruce Brown, Kira Lewis, and Jordan Nwora to the Raptors in exchange for Pascal Siakam.

Brown was earning $22,000,000 in 2023/24, so if Indiana had traded him on his own, the team could have taken back $29,500,000 (his salary, plus $7.5MM). However, that wouldn’t have been enough to cover Siakam’s salary of $37,893,408.

By adding Lewis ($5,722,116) and Nwora ($3,000,000) to their trade package, the Pacers sent out a total of $30,722,116. The third rule listed above applies to that figure, meaning Indiana was able to take back 125% of the outgoing amount (plus $250K), for $38,652,645 in total — that was enough to cover Siakam’s salary, making the trade legal.

For apron teams, the traded player exception rules for a simultaneous trade are simpler, but far more restrictive. A team whose salary is over either tax apron can take back no more than 100% of the outgoing salary, no matter how much – or how little – outgoing salary is involved.

That means that if the Suns, who project to be a second-apron team in 2024/25, want to trade Nassir Little, they’ll be ineligible to take back a player earning even one dollar more than his $6,750,000 salary for next season.

A team’s position relative to the apron at the conclusion of the transaction dictates which set of rules they have to be abide by. For instance, a team whose salary sits just $2MM below the first tax apron can’t trade a $5MM player for a $10MM player, since that deal would push its salary above the apron. However, a team whose salary is $10MM below the apron could make that move.

In simultaneous transactions, the traded player exception is used to instantly complete the deal, leaving no lingering loose ends. This form of the traded player exception isn’t what we’re talking about if we say a team “has a trade exception” available to use. Those outstanding trade exceptions come as a result of non-simultaneous deals.

Non-simultaneous:

In non-simultaneous deals, a team can trade away a single player without immediately taking salary back in return. The team then has up to one year in which it can acquire one or more players whose combined salaries amount to no more than the traded player’s salary (plus $250K for non-apron teams).

For instance, when the Nets sent Joe Harris to the Pistons along with a pair of second-round picks last offseason, they didn’t take any salary back. That was a non-simultaneous trade from Brooklyn’s perspective, allowing the team to create a traded player exception worth Harris’ salary ($19,928,571).

The Nets subsequently had a year to use that exception to acquire one or more players whose salaries total up to $20,178,571 (Harris’ salary, plus $250K). They used a portion of it to acquire Thaddeus Young and his $8MM salary in a deal with the Raptors, leaving approximately $12MM left over. Trade exceptions expire after a year if they haven’t been used in full — the remainder of that one will expire on July 8.

A team can acquire one or more players as part of a non-simultaneous trade. For example, when the Knicks completed their OG Anunoby trade with the Raptors in December, they sent out RJ Barrett and his $23,883,929 salary, creating a non-simultaneous trade exception worth that amount and immediately taking Anunoby’s $18,642,857 salary into it. That reduced the value of the trade exception to $5,241,072.

A team can create a non-simultaneous trade exception regardless of whether its salary is under or over the tax aprons. If the Suns were to trade the aforementioned Little this offseason for a player earning $3.75MM, they would create a non-simultaneous trade exception worth $3MM and would have one year to use it.

Putting the two together:

When evaluating an NBA trade, it’s worth remembering that two teams can view the deal entirely differently and that they’re allowed to divide a single trade into multiple parts to maximize their flexibility. For example, one team could consider a trade simultaneous, while the other team breaks the transaction down into two separate trades, one simultaneous and one non-simultaneous.

Let’s take a look at a recent real-life example, examining the Anunoby trade mentioned above between the Knicks and Raptors.

From the Knicks’ perspective, the trade broke down as follows:

  • Traded Immanuel Quickley ($4,171,548) for Precious Achiuwa ($4,379,527) and Malachi Flynn ($3,873,025).
    • This trade is a simultaneous one for the Knicks, who were operating below both aprons, allowing them to take back up to 200% of Quickley’s salary, plus $250K. That figure works out to $8,593,096; Achiuwa and Flynn were earning a combined $8,252,552, making them a fit.
  • Traded RJ Barrett ($23,883,929) for OG Anunoby ($18,642,857).
    • This is a non-simultaneous trade, with the Knicks essentially creating a $23.88MM trade exception for Barrett’s outgoing salary and immediately taking Anunoby into it. As noted above, New York has until December 30, 2024 to use the remaining $5,241,072 on the exception.

Here’s how it looked from the Raptors’ perspective:

  • Traded OG Anunoby ($18,642,857) for RJ Barrett ($23,883,929).
    • In a simultaneous trade of Anunoby, the Raptors (also a non-apron team) were permitted to take back $26,142,857, which is the full amount of his salary, plus $7.5MM. That’s enough to cover Barrett’s $23.88MM salary, but not enough to take on Quickley too, since he was earning more than the $2,258,928 gap between Barrett’s salary and the amount Toronto could take back for Anunoby.
  • Traded Malachi Flynn ($3,873,025) for Immanuel Quickley ($4,171,548).
    • Because they couldn’t use Anunoby to acquire both Barrett and Quickley, the Raptors had to use Flynn’s outgoing salary in a simultaneous trade to take on Quickley. Toronto could have taken back up to $7,996,050 in salary for Flynn (200% of his salary, plus $250K), so Quickley is an easy fit.
  • Traded Precious Achiuwa ($4,379,527) for “nothing.”
    • Because Achiuwa’s salary wasn’t required for matching purposes, the Raptors moved him to the Knicks in a non-simultaneous trade, from their perspective, generating a trade exception worth his salary that they have until December 30, 2024 to use. They later used a $3MM chunk of that exception in a trade with the Pacers to take on Jordan Nwora. It’s worth noting that either Flynn or Achiuwa could have matched Quickley’s incoming salary, but teams will always use the smaller salary for matching purposes in that scenario, creating the trade exception with the bigger salary.

When a team can’t use a traded player exception:

Under the league’s current Collective Bargaining Agreement, teams above the first or second tax apron face additional restrictions related to traded player exceptions, besides not being able to take back more salary than they send out.

A team is not permitted to use a (non-simultaneous) traded player exception created during the previous offseason or regular season if its team salary will be above the first tax apron upon the conclusion of the deal. Using a TPE created during the prior year will hard-cap the team at the first tax apron for the subsequent season.

For instance, the Rockets used a trade exception they created in last October’s Kevin Porter trade to acquire AJ Griffin from the Hawks on Thursday. That means Houston’s team salary will be hard-capped at the first apron for the 2024/25 league year. If the Rockets had been operating above the first apron, that deal wouldn’t have been permitted as constructed.

Apron teams are still allowed to use newly created trade exceptions. Circling back once more to the Suns/Little example outlined above, if Phoenix traded Little today for a player earning $3.75MM, the team would be able to use the $3MM TPE generated in that deal for the rest of the offseason or ’24/25 regular season.

But the Suns can’t currently use any of the three trade exceptions they generated in July and September of 2023. If Phoenix were to move below the first tax apron during the 2024/25 league year, those exceptions would become “unfrozen” (assuming they haven’t expired) and could be used.

Here are a couple additional restrictions that apron teams face related to trade exceptions:

  • A team is not permitted to aggregate two or more player salaries for matching purposes if that team will be above the second tax apron upon the conclusion of the deal. We have many more details on salary aggregation in a separate glossary entry.
  • A team is not permitted to take back salary using a signed-and-traded player as the outgoing matching piece if that team will be above the second tax apron upon the conclusion of the deal. If a team creates a (non-simultaneous) traded player exception by sending out a player via sign-and-trade, that exception can’t be used if the team will be above the second tax apron at the conclusion of the transaction.

More notes on traded player exceptions:

  • A team’s outgoing salary for matching purposes is the guaranteed salary rather than the total salary. For example, a player with a $2MM partial guarantee on a $10MM salary would only count for $2MM for salary-matching purposes for the team trading him (the team acquiring him would still have to account for him as $10MM in incoming salary). Between the end of a team’s season and June 30, the outgoing salary for a traded player is the lesser of his full current-season salary and his guaranteed salary for the next season. We have more details on this rule in a separate glossary entry.
  • Trade exceptions created in non-simultaneous trades can’t be combined with one another, with other exceptions, or with a player’s salary; they can’t be used to sign a free agent (except in a sign-and-trade); and they can’t be traded outright to another team. However, they can be used to claim a player off waivers.
  • The salary in a sign-and-trade can sometimes be subject to base year compensation rules. In that case, the player’s outgoing salary for trade purposes is either his previous salary or 50% of his new salary, whichever is greater. For instance, when the Heat signed-and-traded Max Strus to the Cavaliers last summer, Strus’ incoming salary from Cleveland’s perspective was $14,487,684, but his outgoing salary from Miami’s perspective was just $7,243,842.
  • Teams that are under the cap before a trade and go over the cap as a result of the trade can’t create a trade exception as a result of that deal.
  • Players signed using the minimum salary exception can also be acquired using the minimum salary exception in a trade, so matching their salary using a traded player exception is not required. A tax apron team is permitted to acquire a player using the minimum salary exception without matching salaries.
  • For salary-matching purposes, future draft picks or the draft rights to an unsigned player aren’t taken into consideration. Neither is cash, which can be sent out in a trade by teams below the second apron.
  • Teams will be permitted to use the non-taxpayer mid-level, room, and bi-annual exceptions as de facto trade exceptions beginning in 2024/25. For instance, a club could trade for a player earning $10MM using the non-taxpayer mid-level exception.

The traded player exception is one of the CBA’s more complicated tools and can make it challenging for over-the-cap teams to navigate the trade market. It’s undoubtedly simpler to use an online trade machine to determine whether a deal is legal, but examining the rules and figuring out exactly how a blockbuster trade breaks down can provide rewarding insight into an NBA club’s management of its cap.

Note: This is a Hoops Rumors Glossary entry. Our glossary posts will explain specific rules relating to trades, free agency, or other aspects of the NBA’s Collective Bargaining Agreement. Larry Coon’s Salary Cap FAQ was used in the creation of this post.

Earlier versions of this post were published in previous years.

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2024 NBA Offseason Trades

June 27th, 2024 at 2:09pm CST by Luke Adams

As we did with last year’s offseason trades and the in-season swaps from 2023/24, Hoops Rumors will be keeping track of all of the trades made this offseason, right up until the start of the 2024/25 season, updating this post with each transaction.

Trades are listed here in reverse chronological order, with the latest on top. So, if a player has been traded multiple times, the first team listed as having acquired him is the one that ended up with him. If a trade has not yet been formally finalized, it will be listed in italics. The terms or structures of those deals could still change before they’re officially completed.

For our full story on each trade, click on the date above it. For more information on the specific conditions dictating if and when draft picks involved in these deals will actually change hands, be sure to check out RealGM.com’s breakdown of the details on traded picks.

We’ll continue to update this list with the latest specific details on picks and other compensation, as they’re reported.

Here’s the full list of the NBA’s 2024 offseason trades:

2024/25 League Year

July 29

July 19

July 18

  • Clippers acquire Kris Dunn (sign-and-trade).
  • Jazz acquire Russell Westbrook, the right to swap their own 2030 second-round pick for the Clippers’ 2030 second-round pick, the draft rights to Balsa Koprivica, and cash ($4.3MM).

July 8

  • Kings acquire DeMar DeRozan (sign-and-trade).
  • Bulls acquire Chris Duarte, RaiQuan Gray (two-way), the Kings’ 2025 second-round pick, the Kings’ 2028 second-round pick, and cash (from Kings).
  • Spurs acquire Harrison Barnes and the right to swap their own 2031 first-round pick for the Kings’ 2031 first-round pick.

July 6

  • Mavericks acquire Klay Thompson (sign-and-trade) and either the Nuggets’ or Sixers’ 2025 second-round pick (whichever is more favorable; from Hornets/Nuggets).
  • Warriors acquire Kyle Anderson (sign-and-trade) and Buddy Hield (sign-and-trade).
  • Hornets acquire Josh Green, Reggie Jackson, the Nuggets’ 2029 second-round pick, and the Nuggets’ 2030 second-round pick.
  • Timberwolves acquire either the Nuggets’ or Sixers’ 2025 second-round pick (whichever is least favorable; from Hornets/Nuggets), the right to swap their own 2031 second-round pick for the Warriors’ 2031 second-round pick, and cash (from Warriors).
  • Sixers acquire the Mavericks’ 2031 second-round pick.
  • Nuggets acquire cash (from Hornets).

July 6

  • Knicks acquire Mikal Bridges, Keita Bates-Diop, the draft rights to Juan Pablo Vaulet, and either the Pistons’, Bucks’, or Magic’s 2026 second-round pick (whichever is least favorable).
  • Nets acquire Bojan Bogdanovic, Shake Milton (sign-and-trade), Mamadi Diakite, the Knicks’ 2025 first-round pick, the Bucks’ 2025 first-round pick (top-four protected), the Knicks’ 2027 first-round pick, the Knicks’ 2029 first-round pick, the Knicks’ 2031 first-round pick, the right to swap a 2028 first-round pick (their own or the Suns’; whichever is most favorable) for the Knicks’ 2028 first-round pick, and the Nets’ 2025 second-round pick.

July 6

July 6

  • Pistons acquire Wendell Moore and the draft rights to Bobi Klintman (No. 37 pick).
  • Grizzlies acquire the draft rights to Cam Spencer (No. 53 pick).
  • Raptors acquire the draft rights to Ulrich Chomche (No. 57 pick).
  • Timberwolves acquire the Grizzlies’ 2030 second-round pick (top-50 protected) and cash ($1MM; from Raptors).

July 6

  • Hornets acquire Devonte’ Graham and the Pelicans’ 2025 second-round pick.
  • Spurs acquire cash.

July 6

  • Wizards acquire Jonas Valanciunas (sign-and-trade).
  • Pelicans acquire the Bulls’ 2027 second-round pick (top-50 protected).

July 6

  • Trail Blazers acquire Deni Avdija.
  • Wizards acquire Malcolm Brogdon; the draft rights to Carlton Carrington (No. 14 pick); either the Trail Blazers’, Celtics’, or Bucks’ 2029 first-round pick (whichever is second-most favorable); the Warriors’ 2028 second-round pick; and the Trail Blazers’ 2030 second-round pick.

July 6

  • Warriors acquire the draft rights to Quinten Post (No. 52 pick).
  • Trail Blazers acquire cash.

July 6

  • Pacers acquire the draft rights to Johnny Furphy (No. 35 pick).
  • Spurs acquire the draft rights to Juan Nunez (No. 36 pick) and cash.

July 6

  • Pistons acquire Tim Hardaway Jr., the Raptors’ 2025 second-round pick, the Heat’s 2028 second-round pick, and either the Clippers’ or Hornets’ 2028 second-round pick (whichever is least favorable).
  • Mavericks acquire Quentin Grimes.

2023/24 League Year

June 28

June 27

  • Suns acquire the draft rights to Oso Ighodaro (No. 40 pick).
  • Knicks acquire the draft rights to Kevin McCullar (No. 56 pick) and the Celtics’ 2028 second-round pick (top-45 protected).

June 27

  • Thunder acquire the draft rights to Ajay Mitchell (No. 38 pick).
  • Knicks acquire the draft rights to Oso Ighodaro (No. 40 pick) and cash ($500K).

June 27

  • Thunder acquire the draft rights to Oso Ighodaro (No. 40 pick).
  • Trail Blazers acquire the draft rights to Quinten Post (No. 52 pick) and cash.

June 27

June 27

June 27

  • Pelicans acquire the draft rights to Antonio Reeves (No. 47 pick).
  • Magic acquire the right to swap their own 2030 second-round pick with the Pelicans’ 2030 second-round pick and the right to swap their own 2031 second-round pick with the Pelicans’ 2031 second-round pick.

June 27

June 27

  • Knicks acquire the draft rights to Tyler Kolek (No. 34 pick).
  • Trail Blazers acquire the Timberwolves’ 2027 second-round pick; either the Pacers’ or Wizards’ 2029 second-round pick (whichever is least favorable); and the Knicks’ 2030 second-round pick.

June 27

  • Thunder acquire the draft rights to Dillon Jones (No. 26 pick).
  • Knicks acquire either the Celtics’ or Grizzlies’ 2025 second-round pick (whichever is more favorable); the Warriors’ 2026 second-round pick; the Timberwolves’ 2027 second-round pick; either the Thunder’s, Rockets’, Heat’s, or Pacers’ 2027 second-round pick (whichever is second-most favorable), and either the Thunder’s, Rockets’, Heat’s, or Pacers’ 2027 second-round pick (whichever is third-most favorable).

June 27

  • Wizards acquire the draft rights to Kyshawn George (No. 24 pick).
  • Knicks acquire the draft rights to Dillon Jones (No. 26 pick) and the No. 51 pick in the 2024 draft.

June 26

  • Nuggets acquire the draft rights to DaRon Holmes (No. 22 pick).
  • Suns acquire the draft rights to Ryan Dunn (No. 28 pick), the No. 56 pick in the 2024 draft, the Nuggets’ 2026 second-round pick, and the Nuggets’ 2031 second-round pick.

June 26

  • Timberwolves acquire the draft rights to Rob Dillingham (No. 8 pick).
  • Spurs acquire the Timberwolves’ 2031 first-round pick and the right to swap their 2030 first-round pick for the Timberwolves’ 2030 first-round pick (top-one protected).

June 26

  • Nets acquire their own 2026 first-round pick and control of their own 2025 first-round pick (negating the Rockets’ right to swap either their own 2025 first-rounder or the Thunder’s 2025 first-rounder for Brooklyn’s pick).
    • Note: The Nets’ 2026 first-round pick was previously traded to the Rockets.
  • Rockets acquire the Suns’ 2027 first-round pick; either the Mavericks’ or the Suns’ 2029 first-round pick (whichever is more favorable); the right to swap either their own 2025 first-round pick or the Thunder’s 2025 first-round pick for the Suns’ 2025 first-round pick; and the right to swap their own 2029 first-round pick for either the Mavericks’ or Suns’ 2029 first-round pick (whichever is least favorable).

June 21

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Community Shootaround: 2024 First Round Draft Results

June 26th, 2024 at 11:39pm CST by Alex Kirschenbaum

The first round of the 2024 draft is now in the books. The full results of the day can be viewed right here.

Three French players were selected with the first six picks of the draft. The Hawks selected forward Zaccharie Risacher with the top pick, the Wizards drafted power forward/center Alexandre Sarr with the No. 2 selection, and the Hornets added forward Tidjane Salaun at No. 6.

All told, four French players were selected in the first round. Swingman Pacome Dadiet was drafted with the No. 25 pick by the Knicks.

Two players apiece were selected from Kentucky, UConn and Colorado in the first round.

It proved to be a fairly active night from a trade perspective. The Wizards and Trail Blazers kicked off the festivities with a pre-draft trade agreement that sent Washington the No. 14 pick, its second lottery selection. Portland was able to get out of tax territory by moving off the expiring contract of veteran guard Malcolm Brogdon, while acquiring 23-year-old small forward Deni Avdija. The Wizards would go on to select Pittsburgh guard Carlton Carrington.

Washington made a second trade later in the first round, moving up in a deal with the Knicks to select Miami guard Kyshawn George using the No. 24 pick. New York, meanwhile, later shipped the No. 26 selection to the Thunder in exchange for five future second-rounders.

The Spurs flipped the No. 8 pick to the Timberwolves in exchange for Minnesota’s unprotected 2031 first-rounder and a top-one protected 2030 pick swap. The Timberwolves used the pick on Kentucky guard Rob Dillingham. Fresh off a run to the Western Conference Finals, Minnesota is able to add a blue-chip young lottery talent under team control.

The 2023 champion Nuggets offloaded three second-round picks and the No. 28 selection this year to acquire Dayton forward DaRon Holmes.

When it comes to potential draft steals beyond the lottery, the Lakers nabbed a potential keeper in sharpshooter Dalton Knecht out of Tennessee, who had been projected as a lottery selection before slipping on draft night.

The Trail Blazers’ selection of UConn big man Donovan Clingan at No. 7 was one of the night’s most interest selections, since it raises questions about Portland’s plans going forward for centers Deandre Ayton and Robert Williams. The Grizzlies were another team to use a top-10 pick on a center, adding some size to their frontcourt by nabbing Zach Edey at No. 9.

The draft continues on Thursday afternoon, with pick Nos. 31-58.

We want to hear from you. Who was the steal of the first round? Which team made the most questionable move? Who won the day?

Head to the comment section below to weigh in!

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Hoops Rumors’ 2024 NBA Offseason Previews By Team

June 25th, 2024 at 9:27am CST by Luke Adams

In advance of the NBA’s 2024 draft and free agent period, Hoops Rumors has previewed the coming offseason for all 30 teams, looking at their salary cap situations and the roster decisions they’ll have to make this summer.

All 30 of our Offseason Preview articles are linked below, sorted by conference and division.

Eastern Conference

Atlantic

Central

Southeast

Western Conference

Northwest

Pacific

Southwest

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2024 NBA Offseason Preview: Boston Celtics

June 24th, 2024 at 10:15pm CST by Luke Adams

Until a team wins a championship once, there will be skepticism about their ability to do it at all. That’s why the Nuggets were considered the title favorites by many NBA fans for most of the 2023/24 season after we saw them claim the Larry O’Brien trophy in ’22/23. But with the benefit of hindsight, it seems pretty clear that the Celtics were the league’s best team from start to finish this past season.

After adding Kristaps Porzingis and Jrue Holiday to an already formidable core led by Jayson Tatum and Jaylen Brown, the Celtics opened the campaign by winning their first five games and 26 of their first 32. They held the No. 1 seed in the East for all but six of the 174 days in the regular season, and never relinquished that top spot after November 14. Their net rating of +11.7 was the third-best mark in NBA history and was 6.8 points per 100 possessions better than any other team in the East. Their 64-18 regular season record was the best in the NBA by seven games — and the best in the East by 14 games.

The Celtics suffered a surprising loss at home to a Heat team without Jimmy Butler in Game 2 of the first round of the playoffs, raising some concerns that the postseason struggles which reared their heads in recent seasons might resurface this spring. But Boston quickly shut down those questions by reeling off 14 wins in their next 15 games despite missing Porzingis due a calf strain for most of those contests.

Following one more blip in an otherwise dominant playoff run (a 38-point loss to Dallas in Game 4), the Celtics won Game 5 of the NBA Finals at home in Boston, securing their record-setting 18th championship — it was the team’s first since 2008 and the first for Brown and Tatum, who had previously made it to one NBA Finals and multiple Eastern Conference finals without getting over the hump.

Brown, Tatum, and these Celtics have gotten the monkey on their backs with this championship, but it’ll be replaced with a target for the 2024/25 season — the NBA’s other 29 clubs know that Boston is the team to beat, especially since the Celtics are set up to keep their core intact for at least next season and potentially more years beyond that.

Brown and Holiday are already on long-term deals and Tatum will soon join them. Porzingis also has multiple years left on his contract, leaving Derrick White as the only member of the league’s best starting five who will enter 2024/25 on an expiring deal. It’s safe to assume an extension for White will be among the top offseason priorities in Boston. What else will be on the itinerary for the Celtics this summer? Let’s dive in…

The Celtics’ Offseason Plan

In addition to having their entire starting lineup under contract for 2024/25, the Celtics won’t have to worry about their top three reserves — Al Horford has one more year left on his deal, Payton Pritchard has a team-friendly four-year extension going into effect this summer, and Sam Hauser has a minimum-salary team option for next season.

Pritchard is locked in for a while and the Celtics can go year by year with Horford if he wants to play beyond next season, but the team may need to address Hauser’s contract this summer. Exercising his team option would make him a bargain for one more year, but would put him on track to hit unrestricted free agency in 2025. Declining Hauser’s option would allow the Celtics to control his restricted free agency this summer but would mean paying significantly more than the minimum for him in ’24/25 (especially after accounting for the accompanying tax penalties).

The best-case scenario for Boston would be to pick up Hauser’s inexpensive option and sign him to a longer-term extension that goes into effect in 2025/26 in order to ensure he doesn’t hit the open market a year from now. The 26-year-old has made at least 41.8% of his three-point attempts in all three of his NBA seasons and isn’t a sieve on defense, so he’s a valuable role player, and as long as they remain over the second tax apron, the Celtics won’t be in position to add an equivalent replacement if they lose him.

Beyond those top eight players, the Celtics have 2024 deadline acquisition Jaden Springer and 2023 draftee Jordan Walsh on guaranteed contracts. Boston gave up a second-round pick to acquire Springer, a talented perimeter defender who has yet to show much on offense in his three NBA seasons, and used a high second-rounder (No. 38 overall) to select Walsh, who played just nine NBA games as a rookie. They haven’t shown yet that they can be reliable rotation players, but they’re still just 21 and 20 years old, respectively — the C’s will likely be patient with them.

That leaves five open spots on Boston’s 15-man roster for next season. I expect the Celtics to carry just 14 men into the regular season to maintain flexibility for a possible in-season addition and to save a little money toward the end-of-season tax bill, so let’s say there are four other spots to fill.

One of those openings will likely be taken by a rookie. The Celtics control the No. 30 pick in this year’s draft, which is a good spot to be in from a financial perspective. They’ll either get the least expensive first-rounder of 2024 or will trade down for a second-rounder who will have an even more modest cap hit. In either case, the player will be on a cost-controlled contract for the next three or four years. Boston should have its choice in that range between a more seasoned prospect who could potentially contribute in his rookie season and a higher-upside play who might take some time to develop.

The Celtics’ free agents include Luke Kornet, Xavier Tillman, Svi Mykhailiuk, Oshae Brissett (who is expected to decline his player option), and Neemias Queta (who has a team option). I imagine Boston would welcome back both Kornet and Tillman if they’re willing to sign for the minimum. The team, which will hold both players’ Bird rights, may even be prepared to go higher than that to bring them back.

Porzingis and Horford will handle most of the minutes at center when they’re healthy, but it would be a surprise if either one played 70+ regular season games. Even when they’re healthy, the Celtics will want to manage their minutes, so it will behoove the club to have effective backup fives who won’t bristle at receiving inconsistent minutes. Of the two free agent bigs, I’d view Kornet as more likely to return, since I expect Tillman to draw interest from teams looking to spend their bi-annual exception or split up their mid-level exception.

While Brissett and Mykhailiuk didn’t play much, having reliable depth on the wing to call upon when needed was important. If one or both players seek out situations where they might get a chance to play more, the Celtics will return to the minimum-salary market in search of potential bargains. Cedi Osman is one hypothetical target I like quite a bit, but he’d have to be willing to accept a pay cut and a possible role reduction to chase a title.

The offseason plan I’ve outlined so far doesn’t feature much excitement or many roster changes. Maybe I’m wrong about that, given Brad Stevens‘ history of deal-making. But the second apron places real restrictions on what teams are able to do — neither the Porzingis deal nor the Holiday acquisition from last offseason would be at all possible for the Celtics under the new rules, which restrict second-apron teams from aggregating player salaries and from taking back more salary in trades than they send out. Plus, Stevens and the front office should feel less compelled to take big swings now that they know this team is capable of winning a championship.

As a result, the biggest deals of the Celtics’ offseason could be contract extensions. Tatum is now eligible to sign a five-year super-max extension that will begin in 2025/26 and projects to be worth an eye-popping $314.9MM (assuming a $141MM cap in ’24/25 and a 10% increase the following year). It’s safe to assume Boston will put that deal on the table and that Tatum will sign it, surpassing his teammate Brown for the biggest projected contract in league history.

It may not be quite so simple to lock up White, whose maximum four-year extension would be worth approximately $126MM. That’s a fair offer and he may well accept it, but after playing such a crucial role on this year’s title team and earning his second consecutive All-Defensive nod, the veteran guard would also be justified in believing that a bigger payday could be out there if he waits until the end of his current contract in 2025 to test the market. I expect the Celtics to do all they can to get White to sign this offseason, including perhaps adding a fourth-year player option in their offer.

Salary Cap Situation

Guaranteed Salary

Non-Guaranteed Salary

  • None

Dead/Retained Salary

  • None

Player Options

Team Options

Restricted Free Agents

  • None

Two-Way Free Agents

Note: Because he has finished each of the past two seasons on a two-way contract with the Celtics, Davison’s qualifying offer would be worth his minimum salary (projected to be $2,093,637). It would include a small partial guarantee.

Draft Picks

  • No. 30 overall pick ($2,501,640 cap hold)
  • No. 54 overall pick (no cap hold)
  • Total (cap holds): $2,501,640

Extension-Eligible Players

  • Sam Hauser (veteran)
    • Team option must be exercised.
  • Jaden Springer (rookie scale)
  • Jayson Tatum (veteran; super-max)
  • Xavier Tillman (veteran)
    • Extension-eligible until June 30.
  • Derrick White (veteran)

Note: Unless otherwise indicated, these players are eligible for extensions beginning in July.

Unrestricted Free Agents

Other Cap Holds

Note: The cap holds for these players are on the Celtics’ books from prior seasons because they haven’t been renounced. They can’t be used in a sign-and-trade deal.

Cap Exceptions Available

Note: The Celtics project to operate over the cap and over the second tax apron. That means they won’t have access to the mid-level exception, the bi-annual exception, or any of their three existing trade exceptions. If they were to dip below the second apron, they would gain access to the taxpayer mid-level exception ($5,183,000).

  • None
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2024 NBA Offseason Preview: Dallas Mavericks

June 24th, 2024 at 12:49pm CST by Luke Adams

After winning Kyrie Irving‘s debut on February 8, 2023, the Mavericks had a 30-26 record and held the fourth seed in the Western Conference. Over the next two months, however, Dallas lost 18 of 26 contests to wrap up the 2022/23 season, free-falling down the standings to 11th place and missing out on not just the playoffs but the play-in tournament too.

It was an inauspicious start for the star backcourt duo of Irving and Luka Doncic, who struggled to share the ball effectively in crunch-time situations (10 of those 18 losses down the stretch came by five points or less). Crucially though, on the heels of a turbulent stay in Brooklyn, Irving earned rave reviews for his locker room presence and leadership during his first few months in Dallas, inspiring confidence that with more time to practice and play together, he and Doncic would figure things out on the court.

Buoyed by better chemistry between Doncic and Irving and the addition of rookie center Dereck Lively, whom the Mavericks were able to draft due to their late-season slide in ’22/23 (their first-round pick was top-10 protected), the team once again had a solid first half in ’23/24 and entered trade-deadline day with a 28-23 record. And once again, Dallas had an eventful deadline, acquiring P.J. Washington and Daniel Gafford in separate deals by sending out two of just three future first-round picks that changed hands league-wide on February 8.

Washington and Gafford certainly didn’t bring the kind of star power to the franchise that Irving had a year earlier, but the two role players also didn’t require the adjustment period that Kyrie had in 2023 — they were perfect fits in Dallas from day one. Instead of slumping down the stretch, the Mavs took off, going on a 22-9 run from deadline day through the regular season finale and moving up in the standings from No. 8 to No. 5.

While the Mavericks didn’t enter the playoffs as favorites to come out of the West, they quickly made it clear that their second-half surge was no fluke, dispatching the No. 4 Clippers in round one, knocking off the top-seeded Thunder in round two, and then making quick work of the favored Timberwolves in the Western Conference finals, winning three games in Minnesota en route to a 4-1 series victory.

The Mavericks’ run ended in the NBA Finals against a dominant Celtics team that won 64 regular season games and went 16-3 in the postseason, but Dallas was playing with house money by that point. If you’d told anyone in the organization before the season began that the Mavs would follow up their 38-win dud of a 2022/23 season with an appearance in the NBA Finals a year later, they would’ve taken that outcome in a heartbeat.

The expectations will be higher in Dallas going forward, and after falling short of a championship this spring, the Mavs will have to figure out how to get back to the NBA Finals — and how to put themselves in a better position to win it all once they get there.

Head of basketball operations Nico Harrison has done a good job so far adding complementary pieces around his franchise player (Doncic) and raising the ceiling of this roster, but there are still areas that could use an upgrade. With no cap room this offseason and their collection of future draft picks somewhat depleted, the Mavs may need to get creative to keep getting better.

The Mavericks’ Offseason Plan

In his end-of-season press conference, Harrison expressed confidence that the Mavs’ core doesn’t require any major changes, telling reporters, “If you look at our top seven or eight players that really played. I don’t see anything happening with that.”

Doncic, Irving, and Lively certainly aren’t going anywhere, and it’s safe to assume Washington and Gafford will be back after helping turn the team into a legitimate contender after the trade deadline. After that though, I’m not sure I’d write any names in pen for next year’s roster.

Beyond those five players, Josh Green and Maxi Kleber are the best bets to be back. Green, who signed a three-year rookie scale extension prior to the start of the season, battled some health issues but once again had a solid year, knocking down 38.5% of his three-pointers, handing out a career-high 2.3 assists per game, and providing solid, versatile defense on the wing. Kleber also had an injury-plagued season, appearing in just 43 contests, but continued to be a very useful frontcourt role player when available — he’s not as athletic as Lively or Gafford and won’t show up on many highlight reels, but the German big man is a versatile defender who can hit a three-pointer.

We’ve mentioned seven of Dallas’ eight highest-paid players so far. The one in that group who is least likely to return is Tim Hardaway Jr. The veteran wing, who came over from New York in the Kristaps Porzingis trade in January 2019, is one of the longest-tenured Mavericks, but his 26.8 minutes per game in 2023/24 represented his lowest average since he arrived in Dallas and his .353 3PT% was below his career rate. Hardaway battled an ankle injury in the playoffs and wasn’t used much even when he was healthy, logging just 12.7 MPG in 14 postseason appearances.

Between Hardaway’s declining role and his expiring contract (worth approximately $16.2MM), he’s the team’s most obvious trade candidate entering the summer. Any major deal – whether it’s to acquire another impact player or to create extra cap flexibility – seems almost certain to include the 32-year-old.

The Mavs aren’t loaded with tradable draft assets after having given up their 2027 first-round pick for Washington and their 2029 first-rounder for Irving. But they still have the ability to move both their 2025 and 2031 first-round picks if they make them unprotected (neither one is eligible to be pushed back a year due to the Stepien rule and the seven-year rule). They could also sweeten a potential trade offer by including one or both of Olivier-Maxence Prosper and Jaden Hardy, two youngsters who will be 22 in July and who have flashed upside early in their NBA careers.

It’s certainly possible that Dallas will make an effort to acquire another high-caliber starter together using a package that includes Hardaway, one or both of their remaining first-round picks, and one of both of those prospects. But I also wouldn’t be surprised if the Mavs look to make a smaller, cost-cutting move that turns Hardaway into a less expensive rotation piece.

For instance, a deal with the Hornets for wing Cody Martin ($8.1MM) would be legal whether or not Charlotte operates under the cap — perhaps Dallas could entice the Hornets to take on that extra salary by attaching a second-round pick or two to Hardaway. That’s just one example. There could be other teams willing to make a similar move, especially since Hardaway is still capable of providing decent rotation minutes.

The thinking here is that the Mavericks probably won’t be in position to re-sign Derrick Jones unless they trim their payroll a little. They project to operate over the tax line and possibly right around the first tax apron, which means that their only options for re-signing Jones are to offer him a Non-Bird raise (20% above his minimum salary) or to give him the full taxpayer mid-level exception ($5.18MM). Rival suitors, who would likely be eager to poach the Western champions’ starting small forward and top perimeter defender, would easily be able to top either offer.

However, if Dallas can create a little extra breathing room below the first apron, they’d be able to use more than the taxpayer portion of the mid-level exception – potentially as much as the full non-taxpayer mid-level of $12.86MM – to make a more competitive bid for Jones.

Spending more than $5.18MM of the MLE would hard-cap team salary for 2024/25 at the first apron (around $178.7MM), and Dallas already projects to have about $173.7MM counting toward the apron for 12 players, assuming Dante Exum‘s $3.15MM non-guaranteed salary is retained. So swapping out Hardaway for a player making half as much money would put the Mavs in a far better position to re-sign Jones. Veteran Dallas-area reporter Marc Stein has suggested that moving Hardaway is a “key element” of the club’s plan to keep Jones.

While sending out Hardaway in what’s essentially a salary dump would take a key salary-matching piece off the table for the Mavs’ next big trade, the team still has several mid-sized contracts on its books that could be used in such a deal. Kleber, Green, Gafford, and Washington are all earning in the $11-16MM range and are under contract for multiple seasons. Jones could join that group if Dallas is able to free up the non-taxpayer MLE to give him a new contract.

When asked after the Mavs’ season how the team will get better going forward, Harrison spoke about wanting each of his players to improve by “10 to 15 percent.” That suggests to me that he’s willing to be patient and to see how the current group does with a full training camp together rather than going out and immediately taking another big swing this summer. There will be non-Hardaway contracts to use in a bigger trade down the road if the front office eventually determines that’s what’s needed to get Dallas over the hump.

Further down on the offseason to-do list, there are five Mavericks who will be extension-eligible before the season begins, but Hardaway isn’t a candidate for a new deal from Dallas and there should be no rush to extend either Gafford or Kleber, who each have two guaranteed years left on their current contracts.

Hardy is a potential extension candidate, but again, there’s probably not a lot of urgency to get something done right away unless he’s willing to give the Mavs a team-friendly rate — he’ll be extension-eligible all season long, and if he doesn’t get a new deal, the club will have plenty of leverage next summer when he’ll be eligible for restricted free agency.

That leaves Doncic, who is a lock to get a huge new maximum-salary extension from the Mavericks. However, it won’t happen this summer. The superstar guard met the performance criteria for a super-max extension (which will start at 35% of the cap instead of 30%) this spring by making his second consecutive All-NBA team, but he only has six years of NBA service. A player must have seven to sign a super-max extension, so while Doncic is technically eligible to sign an extension this offseason, he won’t be eligible to sign that more lucrative super-max contract until July 2025.

The Mavs would obviously like to get Doncic locked up long-term as soon as possible, but they can at least feel pretty confident that the 25-year-old will be ready and willing to sign on the dotted line in 2025. Following a sub-.500 season in 2022/23, another disappointing result in ’23/24 might have prompted Doncic to question his ability to win in Dallas. This year’s success should assuage any doubts he may have had.

Salary Cap Situation

Guaranteed Salary

Non-Guaranteed Salary

  • Dante Exum ($3,150,000)
    • Exum’s salary will become guaranteed if he remains under contract through June 29.
  • A.J. Lawson ($2,120,693)
  • Jaden Hardy ($1,619,699)
    • Partial guarantee. Rest of salary noted above; Hardy’s salary will become guaranteed if he remains under contract through June 30.
  • Alex Fudge (two-way)
  • Total: $6,890,392

Dead/Retained Salary

Player Options

  • None

Team Options

  • None

Restricted Free Agents

  • None

Two-Way Free Agents

Draft Picks

  • No. 58 overall pick (no cap hold)

Extension-Eligible Players

  • Luka Doncic (veteran)
  • Daniel Gafford (veteran)
    • Extension-eligible as of October 1.
  • Tim Hardaway Jr. (veteran)
  • Jaden Hardy (veteran)
  • Maxi Kleber (veteran)
    • Extension-eligible as of September 8.

Note: Unless otherwise indicated, these players are eligible for extensions beginning in July.

Unrestricted Free Agents

Other Cap Holds

Note: The cap holds for these players are on the Mavericks’ books from prior seasons because they haven’t been renounced. They can’t be used in a sign-and-trade deal.

Cap Exceptions Available

Note: The Mavericks project to operate over the cap and either at or above the first tax apron. If they move below the first apron, they would gain access to the bi-annual exception ($4,681,000) and the full mid-level exception ($12,859,000) instead of the taxpayer mid-level exception and would regain access to their two trade exceptions (the largest of which is worth $4,953,980 and expires on July 8). If they surpass the second tax apron, they would lose access to the taxpayer MLE.

  • Taxpayer mid-level exception: $5,183,000
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