- Kessler Edwards, Isaiah Roby and Juancho Hernangomez are among the players the Pacers should be keeping an eye on, contends James Boyd of The Indianapolis Star. Edwards and Hernangomez are unrestricted free agents and Roby would join them if he clears waivers today.
The Pistons entered last week with plenty of cap space and used a good portion of it on their impending trade with the Knicks for Alec Burks and Nerlens Noel and their free agent deals with Marvin Bagley and Kevin Knox. They have a full roster but still need more shooting, plus they have an overload of big men, Omari Sankofa II of the Detroit Free Press notes. It’s possible the Pistons could get involved in another trade, rather than dipping again into the free agent market.
We have more from the Eastern Conference:
- The Sixers added grit and toughness by securing commitments from P.J. Tucker and Danuel House in free agency but there’s more work to be done, Keith Pompey of the Philadelphia Inquirer writes. They still need to replace starting wing Danny Green and they’re still too dependent on Joel Embiid‘s health and a bounce back from James Harden to reach the top of the Eastern Conference.
- Going all in for a spirited run at Kevin Durant is far from a no-brainer for the Raptors, Eric Koreen of The Athletic argues. While the Raptors have the pieces to make the Nets a substantial offer, they have been built around draft successes and development. They have to decide whether to risk the future for another championship run or count on incremental growth to keep open their window of opportunity for several more seasons.
- By agreeing to trade Malcolm Brogdon to the Celtics, the Pacers essentially gave Tyrese Haliburton the keys to the franchise, according to James Boyd of the Indianapolis Star. It was a clear signal that they’re building around their potential All-Star guard. He is now the team’s unquestioned backcourt leader and the Pacers could potentially have three first-round picks next year. They also now have the cap flexibility to make a max contract offer to restricted free agent Deandre Ayton, if they choose that route.
A total of 13 traded player exceptions created during the 2021 NBA offseason are set to expire this month if they go unused.
A trade exception is an NBA salary cap exception that can be generated when a team trades a player away. It allows that team to acquire a certain amount of salary without sending out any in return for one year after the exception was created. The club is permitted to trade for a player earning the amount of the exception, plus $100K.
[RELATED: Hoops Rumors Glossary: Traded Player Exception]
For instance, the Trail Blazers are set to use their $20,864,198 trade exception, created in February’s CJ McCollum trade, to acquire Jerami Grant, who is earning $20,955,000 in 2022/23. Grant narrowly fits into that TPE after accounting for the $100K in wiggle room.
Most trade exceptions expire without being used, but teams can sometimes find a use for them — especially the bigger ones like Portland’s. So it’s worth keeping tabs on which ones are still available.
Here are the 13 exceptions set to expire this month:
- Boston Celtics: $17,142,857 (expires 7/18)
- Los Angeles Clippers: $8,250,000 (expires 7/18)
- Indiana Pacers: $7,333,333 (expires 7/7)
- New Orleans Pelicans: $6,382,262 (expires 7/7)
- Chicago Bulls: $5,000,000 (expires 7/7)
- Memphis Grizzlies: $4,054,695 (expires 7/7)
- Brooklyn Nets: $3,246,530 (expires 7/6)
- Toronto Raptors: $3,070,052 (expires 7/6)
- Atlanta Hawks: $1,782,621 (expires 7/7)
- Golden State Warriors: $1,782,621 (expires 7/7)
- Milwaukee Bucks: $1,517,981 (expires 7/7)
- Boston Celtics: $1,440,549 (expires 7/7)
- Brooklyn Nets: $118,342 (expires 7/6)
The Celtics’ $17MM exception, created in last year’s Evan Fournier sign-and-trade, is the most noteworthy one here, but it appears unlikely to be used. Boston reached a deal last week to acquire Malcolm Brogdon without having to use the exception, and now appears to be a long shot to strike another major trade agreement.
The third exception on this list, the Pacers’ $7.3MM TPE, will disappear if Indiana decides to operate under the cap. The team would have to renounce the exception in order to actually make use of its cap room.
While it’s possible some of the other exceptions on this list will be used before they expire, they won’t accommodate any of the deals that have been agreed upon to date.
The full list of outstanding trade exceptions can be found right here.
While many free agent agreements have been reported since last Thursday evening, few will become official until the NBA’s moratorium period ends this Wednesday. That means the terms that have been reported – and the cap space or cap exceptions teams will use to complete those signings – haven’t yet been locked in.
Still, we have a pretty good sense of what the cap room situation looks like for teams around the league. Here’s a snapshot, as of the morning of July 4, of which clubs still have the most spending power:
Teams with cap room:
By our count, the Spurs project to have about $38MM in remaining cap room, and could push that number even higher by stretching Danilo Gallinari‘s partial guarantee across three years when they officially waive him. However, it’s very unlikely they’d do so unless they have a specific need for that extra room. San Antonio could also create some extra space by waiving Keita Bates-Diop or Tre Jones, who have non-guaranteed salaries for 2022/23, though there has been no indication that will happen.
The Pacers, meanwhile, should have a little over $26MM in cap room once the Malcolm Brogdon trade is finalized, based on our projections. Like San Antonio, Indiana has a couple players without full guarantees (Duane Washington and Terry Taylor) and could create more cap space by waiving one or both.
The Pistons have already committed a chunk of their cap room to taking on Nerlens Noel, Alec Burks, and Kemba Walker from New York, but haven’t used it all yet. If Walker gives back his minimum salary in a reported buyout agreement and Detroit uses its room exception to sign Kevin Knox to his two-year, $6MM deal, the team could have $14MM+ in space — or even more, if Walker’s dead money is stretched across three seasons.
It remains unclear what the Spurs, Pacers, and Pistons will do with their remaining cap room. All three teams have been linked to restricted free agent center Deandre Ayton at some point during the offseason and could theoretically still make a run at him, with Indiana and Detroit perhaps sending back players in a sign-and-trade deal to fit a max deal for the big man under the cap. Still, there’s a sense the Pistons have backed off Ayton after landing Jalen Duren on draft night, and it’s unclear whether the Spurs or Pacers have serious interest.
Accommodating salary-dump trades to acquire more assets could be an option for all three teams, either in the offseason or close to the trade deadline.
The Knicks are the other team expected to use cap room this summer, but after signing Jalen Brunson and Isaiah Hartenstein, they won’t have much left over. Even if they waive Taj Gibson and sign Brunson and Hartenstein to the lowest starting salaries possible based on their reported contract terms, New York projects to have less than $5MM in remaining room.
Mid-level exception teams:
The Hornets, Grizzlies, Thunder, Magic, and Jazz all still have their full non-taxpayer mid-level exceptions available, giving them the ability to offer up to about $10.5MM to a free agent. It’s worth noting though that Utah’s cap situation remains in flux as we wait to see what other moves the team has up its sleeve after trading Royce O’Neale and then agreeing to a blockbuster deal involving Rudy Gobert.
The Hawks, Nets, Heat, Pelicans, and Suns haven’t committed any mid-level money to free agents yet, but unless they shed salary, they’ll probably be limited to the taxpayer MLE (worth about $6.5MM) due to their proximity to the tax line.
The Bulls have used a small portion of their mid-level exception and should still have $7MMish available to spend, but doing so would push them into luxury tax territory, which ownership may be against.
There are some teams that could theoretically open up part or all of their mid-level exception if they’re able to turn reported free agent agreements into sign-and-trades. For example, Ricky Rubio agreed to a three-year, $18.4MM deal with the Cavaliers that will presumably use the MLE, but if Cleveland and Indiana were able to work out a sign-and trade deal involving Rubio, it would free up the Cavs’ mid-level to use on another move.
Bennedict Mathurin, the sixth pick in this year’s draft, has signed with the Pacers, the team announced in a press release.
If Mathurin receives 120% of the rookie scale, which is standard, he will be paid approximately $6.59MM during his first season and $29.9MM over the four-year contract.
Mathurin, 20, rose up draft boards after a strong sophomore season at Arizona, averaging 17.7 points, 5.6 rebounds and 2.5 assists and earning Pac 12 Player of the Year honors. He was a second-team All-American and was named Most Outstanding Player in the conference tournament.
The 6’6″ swingman also has international experience, helping Canada capture a bronze medal last year in the FIBA Under-19 World Cup.
Before they reached an agreement to send Rudy Gobert to Minnesota on Friday, the Jazz asked the Raptors about the possibility of acquiring forward OG Anunoby and swingman Gary Trent Jr., league sources tell Michael Scotto of HoopsHype.
Toronto was linked to Gobert repeatedly during the first half of the offseason. Still, as great as the three-time Defensive Player of the Year is, it was never clear how badly the Raptors wanted to break up their core to acquire a big man who didn’t fit the versatile, switchable, and positionless brand of basketball the team has adopted. Whether the Raptors balked at Utah’s asking price or the Jazz simply preferred Minnesota’s offer, Gobert is off the table for Toronto.
Here’s more from Scotto:
- The Celtics, Bucks, Nets, and Bulls are among the teams that expressed interest in Chris Boucher before he agreed to re-sign with the Raptors, while forward Thaddeus Young – who is also returning to Toronto – drew interest from the Celtics and Pacers, according to Scotto.
- The Nets made it a priority this offseason to land a wing defender capable of guarding multiple positions, which was why they agreed to trade for Royce O’Neale even as news of Kevin Durant‘s trade request was breaking. As Scotto explains, the Nets and Jazz previously explored a deal involving O’Neale and Joe Harris prior to the in-season trade deadline.
- In addition to receiving interest from teams willing to give him the full taxpayer mid-level exception, Donte DiVincenzo also received an offer from a team with cap space that would’ve exceeded the two-year, $9.3MM contract he’s signing with the Warriors, says Scotto. The second-year player option Golden State gave him and DiVincenzo’s belief that the Warriors give him the best opportunity to play for a contender were factors in his decision to accept less money, Scotto adds.
JULY 6: The Pacers have made it official with Smith, according to NBA.com’s transactions log. Head coach Rick Carlisle said today at a media session that the plan is for Smith to be Indiana’s starting power forward in the fall (Twitter link via Scott Agness of Fieldhouse Files).
JULY 1: Free agent big man Jalen Smith has agreed to a two-year contract with the Pacers and will return to Indiana, sources tell Shams Charania of The Athletic (Twitter link).
Smith’s new two-year deal is worth $9.6MM, per ESPN’s Adrian Wojnarowski. That’s approximately the maximum amount the Pacers could offer over two seasons.
The 10th overall pick in 2020, Smith barely saw any action as a rookie in Phoenix in 2020/21, then found himself out of the Suns’ plans. They turned down his third-year rookie scale option for 2022/23 at the start of last season and traded him to Indiana at this year’s deadline.
With the lottery-bound Pacers, Smith began to flash the upside that made him a lottery pick two years ago, averaging 13.4 PPG, 7.6 RPG, and 1.0 BPG on .531/.373/.760 shooting in a part-time role (24.7 MPG).
There was a sense that Smith may be playing himself out of the Pacers’ price range — even though they hold his Bird rights, they were prohibited from offering him a starting salary higher than $4.67MM, the amount of his declined option. However, that limit didn’t stop the two sides from getting a deal done.
While it’s possible potential suitors were hesitant to invest too aggressively in Smith based on the numbers he was putting up for a team out of playoff contention down the stretch, he’s still just 22 years old and has the potential to continue improving.
Smith’s role and place on the 2022/23 depth chart will be determined in part by whether veteran bigs like Myles Turner and Daniel Theis remain on Indiana’s roster or end up elsewhere by the fall.
Thursday’s agreement with Kyle Anderson will give the Timberwolves 15 players under contract, but they’re not done with offseason moves, according to Jon Krawczynski of The Athletic. Minnesota remains in the market for another big man and has talked to the Jazz about Rudy Gobert, sources tell Krawczynski.
Although the Wolves used a first-round pick on Auburn’s Walker Kessler, they want to add a veteran center so there’s not too much pressure on Kessler to produce right away. They were interested in free agents JaVale McGee and Isaiah Hartenstein, but they both reached deals with other teams Thursday night.
Minnesota’s talks with Utah about Gobert began before the draft, but the Jazz are asking a lot in return for their perennial Defensive Player of the Year candidate. If the Wolves can’t work out a trade for Gobert, Krawczynski cites the Pacers‘ Myles Turner and the Hawks‘ Clint Capela as other options, although he adds that Minnesota’s talks with Atlanta haven’t gotten very far.
There’s more from the Northwest Division:
- The Timberwolves talked to the Spurs about Dejounte Murray but weren’t willing to meet the asking price, Krawczynski confirms. There was also skepticism that Murray would re-sign with Minnesota once his contract expires in two years.
- Teams have been making calls to gather background info on Timberwolves wing Malik Beasley, but no deal is imminent, tweets Darren Wolfson of 5 Eyewitness News. Beasley, who will make $15.45MM next season, carries a team option for his $16.52MM salary in 2023/24.
- Bruce Brown possibly could have made more than the $13+ million he’ll receive from the Nuggets over the next two years, but he believes he’s entering a good situation in Denver, per Tim Reynolds of The Associated Press (Twitter link). A source tells Reynolds that “fit” was more important to Brown than money.
- Vasilije Micic‘s representatives are pressing the Thunder to trade him, but Oklahoma City isn’t willing to give the European star up cheaply, according to Aris Barkas of EuroHoops. The Nuggets, Bucks, Bulls and Spurs have all expressed interest in Micic, Barkas hears.
The Hawks and Danilo Gallinari have agreed to push back the forward’s salary guarantee date to July 8, reports Jake Fischer of Bleacher Report (Twitter link). Gallinari’s $21.45MM salary for 2022/23, which is currently only partially guaranteed for $5MM, was originally set to become fully guaranteed if he remained under contract through Wednesday.
However, with word breaking that he would be sent to San Antonio in a trade for Dejounte Murray, there was an expectation that Gallinari’s guarantee deadline would be moved, giving the two teams some time to complete the trade and assuring him of some extra money — it appears he’s in line to receive about an extra $6.57MM in order to ensure his guarantee is large enough to legally match Murray’s salary.
While Fischer suggests the new guarantee date opens the door for the Hawks to further expand the Murray trade before it becomes official, it will also simply ensure the Spurs and Hawks have a chance to complete the trade once the transaction moratorium ends on July 6 and that San Antonio can subsequently waive Gallinari before the rest of his salary becomes guaranteed. Assuming he’s released next week, Gallinari will have an opportunity to find a new landing spot without having to wait until later in the offseason to reach the open market.
Here’s more from around the East:
- Within their look at possible targets for the Celtics‘ $17MM+ trade exception, Jay King and Jared Weiss of The Athletic say that Boston has been exploring possible deals for Hawks wing Kevin Huerter “for some time now.” John Hollinger of The Athletic thinks a trade sending Huerter to Boston would make sense for both teams if the Celtics can handle the tax hit.
- The Nets are among the teams that have interest in trading for Jazz forward Royce O’Neale, sources tell Ian Begley of SNY.tv. A report last week indicated that O’Neale was generating serious trade interest.
- The Wizards and free agent point guard Delon Wright have mutual interest, according to Begley. Washington addressed its point guard hole by agreeing to acquire Monte Morris, but could still use another reliable option at the position, and Wright should be attainable using the mid-level exception.
- Whether he begins the 2022/23 season with the Pacers or a new team, center Myles Turner should be ready to play from day one. According to Scott Agness of Fieldhouse Files, Turner is now fully healthy, having experienced no setbacks in his recovery from a stress reaction in his left foot.
Reports this week have continued to suggest that the Suns and Deandre Ayton may be headed for a divorce, with a sign-and-trade agreement considered the most likely outcome. However, it remains unclear which teams will be Ayton’s top suitors in restricted free agency.
Prior to last week’s draft, the Pistons were viewed as a strong candidate to make a play for Ayton, but they landed Jalen Duren on draft night and committed to using most of their available cap room to accommodate salary dumps, reducing the likelihood that they’ll make a serious play for the former No. 1 overall pick.
In the latest episode of his Hoop Collective podcast, ESPN’s Brian Windhorst said to “keep an eye on Indiana,” noting that the Pacers spoke to Phoenix about a possible Ayton deal prior to February’s trade deadline (hat tip to Timothy Rapp of Bleacher Report).
Indiana would make sense as a landing spot for Ayton if the team trades incumbent center Myles Turner. The Pacers have some cap flexibility and wouldn’t be as hamstrung by the base year compensation rule impacting Ayton as some of his other suitors might be.
As a result of the base year compensation rule, Ayton’s incoming salary from a new team’s perspective will count in full (on a maximum-salary contract, that’d be approximately $31MM), whereas from the Suns’ perspective, the outgoing salary would only be half that amount (about $15.5MM).
That will make salary-matching very challenging in some cases, but not for the Pacers, who have the cap flexibility necessary to accommodate Ayton’s new contract while sending out less than the $24-25MM+ that would be required to meet matching requirements.
Here are a few more rumors on possible landing spots for Ayton:
- The Timberwolves, who are believed to be in the market for a rim-protecting center, are “another team to watch” for Ayton, Windhorst said during the aforementioned episode of his Hoop Collective podcast. The Wolves will be over the cap and would need to make a sign-and-trade deal. It’s unclear if they have the pieces necessary for such a move.
- The Nets like Ayton, according to Chris Mannix of SI.com, who suggests Brooklyn could put together a package centered around Joe Harris. However, that would be extremely difficult, since acquiring a player via sign-and-trade would hard-cap the Nets, who project to be well over the tax. It’s hard to see how they could make such a move without moving off Kyrie Irving or Ben Simmons.
- The Raptors have been mentioned as a possible Ayton suitor, but Michael Grange of Sportsnet.ca (Twitter link) doesn’t believe there have been any talks about Toronto acquiring the big man.
- John Gambadoro of Arizona Sports 98.7 (Twitter link) suggests that the looming possibility of a Rudy Gobert trade could affect Ayton’s market, since some of the teams in the market for an impact center prefer the Jazz star to Ayton.