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Spurs, Rockets Have Most Remaining Cap Room

July 1st, 2023 at 7:41am CST by Luke Adams

As we enter the first day of the NBA’s 2023/24 league year, two Southwest rivals – the Spurs and Rockets – are the teams with the most projected cap room still available, according to ESPN’s Bobby Marks (Twitter links) and Keith Smith of Spotrac (Twitter link).

San Antonio and Houston were active on Friday night. The Spurs reached agreements to re-sign restricted free agents Tre Jones and Julian Champagnie, while the Rockets made one of the biggest splashes of the summer so far by agreeing to a three-year, maximum-salary contract with Fred VanVleet. However, Jones and Champagnie have cap holds below their projected salaries, while Houston entered the offseason with approximately $64MM in room, so both teams still have plenty of flexibility.

Marks projects the Spurs at $29MM in remaining space, while Smith suggests they could actually still create up to $34MM+ if needed. Either way, they still have more spending power than any team in the NBA. Both Marks and Smith have the Rockets at approximately $25MM.

The Kings, Jazz, and Pacers are among the other clubs that still project to have more than $10MM in cap room remaining, though Sacramento’s and Indiana’s figures are hard to pin down because they’ll hinge on whether the teams complete their rumored trade involving Chris Duarte. The Kings also still have a path to remain an over-the-cap team if they want to, since none of their reported moves so far absolutely require cap space.

Here are a few other things to watch as the second day – and first full day – of the free agent period gets underway:

While our top seven free agents of 2023 came off the board in the first several hours of free agency, plenty of players in our top 20 are still available: Miles Bridges (No. 8), D’Angelo Russell (9), P.J. Washington (11), Austin Reaves (12), Brook Lopez (15), Max Strus (16), Dillon Brooks (18), Grant Williams (19), and Donte DiVincenzo (20).
The Cavaliers are reportedly trying to acquire Strus in a sign-and-trade deal involving the Heat and a third team, rumored to be the Spurs. Cleveland doesn’t have the mid-level available for Strus, having committed it to Georges Niang, but Miami doesn’t appear to have interest in taking back salary in a deal, so San Antonio’s cap space could come in handy.
The Lakers were busy on the first day of free agency, agreeing to re-sign Rui Hachimura and reaching deals to bring in Gabe Vincent and Taurean Prince. However, Russell and Reaves don’t have deals yet. Sources tell Jovan Buha of The Athletic that the Lakers remain interested in re-signing both players and are still in position from a financial perspective to bring them back.
Tyrese Haliburton and Desmond Bane agreed to maximum-salary rookie scale extensions late on Friday night. Will other extension-eligible players join them on Saturday? Rising Timberwolves star Anthony Edwards looks like the best bet among the rookie scale candidates. Celtics big man Kristaps Porzingis, Raptors swingman Gary Trent Jr., and Jazz guard Jordan Clarkson were among the players said to be making progress in extension talks on Friday, so perhaps they’ll reach agreements soon. As for Jaylen Brown, who is eligible for a super-max contract with the Celtics, a league source tells Adam Himmelsbach of The Boston Globe that the All-NBA wing isn’t expected to agree to terms immediately, but both sides are confident that a deal will be made sooner or later.
Of course, James Harden remains the biggest name on the trade block, but by all accounts, the Sixers aren’t eager to rush into a deal, so we shouldn’t necessarily expect resolution on that front right away.
We’ll be tracking all the latest news and rumors all day, and updating our free agent tracker with the newest free agent agreements.

Free Agent Rumors: G. Williams, Lakers, Gordon, Vincent, Brooks

July 1st, 2023 at 1:39am CST by Alex Kirschenbaum

The Celtics are letting the market dictate how they proceed with the contract of restricted free agent power forward Grant Williams.

Sources tell Adam Himmelsbach of The Boston Globe that, since Boston has the right of first refusal on Williams, the team is waiting to see if he gets an offer sheet before making a decision on his future.

The 3-and-D role player could be feeling some roster squeeze if he does return to the Celtics next season, as the club will now boast a frontcourt that features Kristaps Porzingis in addition to Al Horford and Robert Williams III.

Here’s more from around the league:

The Lakers may be open to bringing back unrestricted free agent shooting guard Malik Beasley for next season, even after deciding not to pick up their $16.5MM option on him for 2023/24. Sources tell Jake Fischer of Yahoo Sports that team president Rob Pelinka still appreciates Beasley as a player and the club has some interest in re-signing him on what would have to be a significantly smaller deal. Fischer adds that the Lakers have not yet made a determination on the future of starting point guard D’Angelo Russell, though both Russell’s management and L.A. had been hopeful about reaching a new long-term deal earlier Friday.
Fischer adds that the Raptors were viewed as a prime suitor Gabe Vincent as it became increasingly clear that Fred VanVleet would sign a huge new contract with the Rockets. However, after Lakers mid-level target Bruce Brown joined the Pacers early on in free agency, Los Angeles weighed a pursuit of shooting guard Eric Gordon before ultimately deciding on Vincent. Sources tell Fischer that the Raptors didn’t end up reaching out to Vincent during free agency.
The Heat offered Vincent a four-year, $34MM contract to stay in Miami, a source tells Tim Reynolds of The Associated Press (via Twitter). The 27-year-old instead opted for a shorter-term deal with a higher annual salary, accepting a three-year, $33MM offer from the Lakers.
The Rockets‘ anticipated meeting with small forward Dillon Brooks is taking place either late on Friday or at some point on Saturday, reports Kelly Iko of The Athletic. According to Iko, the defensive-oriented 6’7″ swingman has had conversations with the Bucks and Lakers on Friday while Houston focused on locking up VanVleet. Now that the Lakers have committed most of their mid-level exception to Vincent, they’re likely no longer a viable landing spot for Brooks, Iko notes.

Lakers Sign Cam Reddish To Two-Year Contract

June 30th, 2023 at 8:09pm CST by Alex Kirschenbaum

JULY 6: The Lakers have officially signed Reddish, the team confirmed in a press release.

JUNE 30: The Lakers are signing free agent forward Cam Reddish to a two-year contract, per Brad Turner of The Los Angeles Times and Shams Charania of The Athletic (Twitter links).

Klutch Sports CEO Rich Paul informs Dave McMenamin of ESPN that the second year of the agreement will be a player option. Michael Scotto of HoopsHype reveals (via Twitter) that the contract will be a minimum deal.

The athletic 6’8″ small forward is already pretty well-traveled as he embarks on just his fifth NBA season in 2023/24. The Hawks selected him with the tenth overall pick in the 2018 draft out of Duke. He has since suited up, briefly, for the Knicks and Trail Blazers.

Splitting his 2022/23 season between New York and Portland, he averaged 9.7 PPG, 2.2 RPG, 1.4 APG and 1.0 APG in 40 contests.

Los Angeles has enjoyed a very proactive first few hours of free agency. Beyond taking this flyer on Reddish, the Lakers have also already re-signed restricted free agent power forward Rui Hachimura and added point guard Gabe Vincent and combo forward Taurean Prince.

L.A. will now determine the fates of restricted free agent shooting guard Austin Reaves, plus unrestricted free agent guards D’Angelo Russell, Dennis Schroder, and Lonnie Walker IV, all of whom helped the club return to its first Western Conference Finals since 2020.

Lakers Sign Rui Hachimura To Three-Year Deal

June 30th, 2023 at 7:44pm CST by Rory Maher

JULY 6: The Lakers have officially re-signed Hachimura, the team confirmed today in a press release.

JUNE 30: The Lakers have reached an agreement with Rui Hachimura, according to Shams Charania of The Athletic (Twitter link). Sources tell Charania that the restricted free agent forward will sign a three-year, $51MM contract to remain in Los Angeles.

According to Brad Turner of The Los Angeles Times (Twitter link), Hachimura’s deal will be fully guaranteed.

The ninth pick of the 2019 draft, Hachimura spent his first three-plus NBA seasons with the Wizards, averaging 13.0 PPG and 5.1 RPG on .479/.356/.776 shooting in 177 games over that span (118 starts, 27.8 MPG). In 30 games with the Wizards in 2022/23, he averaged 13.0 PPG and 4.3 RPG on .488/.337/.759 shooting in 24.3 MPG off the bench.

Hachimura was traded to the Lakers in January in exchange for Kendrick Nunn and three second-round picks. His regular-season numbers actually declined with L.A., with the Japanese forward posting 9.6 PPG and 4.7 RPG on .485/.296/.721 shooting in 33 games (nine starts, 22.4 MPG).

However, he had a scorching hot playoff run, posting a .557/.487/.882 shooting line across 16 postseason appearances. He also chipped in 12.2 PPG and 3.6 in 24.3 MPG during the Lakers’ journey to the Western Conference Finals.

Hachimura was eligible for a rookie scale extension before last season started and reportedly received an offer in the range of $12-14MM per year, but passed on that opportunity in search of a bigger deal in free agency. It turned out to be a wise financial decision, as he’ll be making $17MM annually on his new contract.

In case you missed it, the Lakers have also reached free agent agreements with guard Gabe Vincent and forward Taurean Prince.

Gabe Vincent Signs Three-Year Contract With Lakers

June 30th, 2023 at 6:24pm CST by Luke Adams

JULY 6: Vincent is officially a Laker, having formally signed his new contract, according to the team (Twitter link).

JUNE 30: Free agent point guard Gabe Vincent will leave the Heat for the Lakers, according to Shams Charania of The Athletic (Twitter link), who reports that Vincent has agreed to a three-year, $33MM contract with Los Angeles.

Miami, wary of increasing the team’s projected tax bill, had offered Vincent a three-year deal that started at $7.7MM, tweets Barry Jackson of The Miami Herald. The Lakers will give him an $11MM annual salary, presumably using a significant portion of their non-taxpayer mid-level exception.

The deal will be fully guaranteed with no player or team option on the third year, tweets Jake Fischer of Yahoo Sports.

Vincent, 27, began the 2022/23 season as rotation player off the Heat’s bench, but was elevated to the starting lineup in early February due to a Kyle Lowry injury. On the year, he averaged 9.4 PPG, 2.5 APG, and 2.1 RPG with a .402/.334/.872 shooting line in 68 regular season games (25.9 MPG).

Vincent held onto his starting job during the Heat’s run to the NBA Finals and played well in the postseason. Notably, he averaged 13.8 PPG and shot .438/.426/.909 in the Heat’s final two series vs. the Celtics and Nuggets, despite spraining his ankle vs. Boston.

Even after agreeing to sign Vincent, Los Angeles still has interest in bringing back point guard D’Angelo Russell, tweets Jovan Buha of The Athletic. However, Buha expects Vincent’s deal means that Dennis Schröder won’t be back with the team.

Vincent was the No. 23 free agent on our top-50 list.

Lakers Sign Taurean Prince

June 30th, 2023 at 5:20pm CST by Luke Adams

JULY 6: The Lakers’ deal with Prince is now official, the team announced in a press release.

JUNE 30: The Lakers have agreed to sign free agent forward Taurean Prince, league sources tell Shams Charania of The Athletic (Twitter link). Prince cleared waivers today after being waived by the Timberwolves on Wednesday.

According to Adrian Wojnarowski of ESPN (Twitter link), Prince’s deal with the Lakers will be worth $4.5MM for one year.

Los Angeles intends to use its bi-annual exception to complete the signing, which would leave the full mid-level exception available, tweets Dave McMenamin of ESPN. Using the BAE will hard-cap the Lakers at the first tax apron ($172.3MM) in 2023/24.

Prince was a reliable rotation piece in Minnesota for the last two years. In 123 games since the start of the 2021/22 season, he has averaged 8.1 points, 2.5 rebounds, and 1.2 assists in 19.3 minutes per night, with a solid shooting line of .460/.378/.799.

However, the Wolves ultimately decided that Prince’s $7.46MM salary for 2023/24 was a higher price than they wanted to pay and waived him before that money became fully guaranteed.

Prince had been the No. 37 player on our list of this year’s top 50 free agents.

Western FA Rumors: D-Lo, Lakers, H. Jones, Suns, Warriors

June 30th, 2023 at 2:27pm CST by Luke Adams

There are “strong” indications that the Lakers are trending toward a new two-year deal with free agent point guard D’Angelo Russell, reports Jake Fischer of Yahoo Sports. According to Fischer, that two-year contract could be worth in the neighborhood of $40MM in total, though the second season may be a team option or non-guaranteed.

While the Lakers have interest in re-signing both Dennis Schröder and Lonnie Walker, it’s unclear which one the club is prioritizing, Fischer writes. Schröder will likely require a raise that exceeds the Non-Bird exception, so if Los Angeles uses its mid-level exception on an outside free agent, the team may have to allot its bi-annual exception to him, Fischer explains. In that scenario, it’s unclear whether the team would have enough room to re-sign Walker to a market-value deal as well while remaining below a hard cap.

Another potential path would see L.A. splits its mid-level between Schröder and a frontcourt player such as Mason Plumlee, sources tell Yahoo Sports. If Schröder doesn’t end up back with the Lakers, a reunion with Bulls coach Billy Donovan in Chicago is possible, Fischer writes. Donovan previously coached the point guard in Oklahoma City.

Finally, Fischer is one of a handful of reporters who have linked free agent forward Cam Reddish to Los Angeles. The Lakers were said to have some trade interest in Reddish – a Klutch Sports client – during each of the past two seasons. He’d be a minimum-salary target, Fischer notes.

Here are a few more free agency rumors from around the Western Conference:

Two forwards who had their team options declined by the Pelicans on Thursday figure to take very different paths this summer. According to Fischer, Herbert Jones will likely end up back in New Orleans on a four-year deal worth a little more than $50MM, which would presumably be his Early Bird maximum. Willy Hernangomez, on the other hand, is considered a good bet to accept a lucrative offer from a EuroLeague team rather than seeking another minimum-salary NBA deal, Fischer reports.
The Suns intend to bring back several of their own free agents, including Torrey Craig, Damion Lee, Jock Landale, and Josh Okogie, according to Fischer, who says agent big man Drew Eubanks is another strong candidate to end up in Phoenix. Fischer is also the latest reporter to link Yuta Watanabe and Mike James to the Suns.
The Lakers and Warriors are among the teams eyeing free agent guard Shake Milton, per Fischer. Free agent forward Dario Saric has also received “strong” interest from Golden State, sources tell Yahoo Sports.

Pacers May Offer Bruce Brown More Than $20MM Per Year

June 30th, 2023 at 1:18pm CST by Arthur Hill

The Pacers may be prepared to offer Nuggets free agent Bruce Brown a contract worth more than $20MM per season, sources tell Jake Fischer of Yahoo Sports.

Brown has become one of the hottest names on the free agent market, and several teams are hoping to land him with the $12.4MM non-taxpayer mid-level exception. Brown has reportedly scheduled meetings with five teams — the Knicks, Rockets, Mavericks and Lakers as well as Indiana. The Cavaliers and Timberwolves also consider Brown their top target, according to Fischer.

The Pacers have roughly $30MM in cap room, so signing Brown would account for most of that and would take them out of the running for other free agents, such as Heat shooting guard Max Strus.

Returning to Denver is also in play for Brown, according to Fischer, although the Nuggets can only pay him $7.8MM next season. Brown would be eligible to earn more than $50MM over four years from Denver next summer, which is still well short of the Pacers’ reported offer.

Stein’s Latest: Mavs, D. Powell, VanVleet, Schröder, D. Hall

June 30th, 2023 at 11:00am CST by Luke Adams

The Mavericks “fully intend” to re-sign center Dwight Powell in free agency, Marc Stein reports in his latest rumor round-up at Substack. According to Stein, the Cavaliers and Rockets are also expected to show interest in Powell once he hits the open market, but the Mavs value him both on and off the court and are confident about their chances to retain him.

With Powell, Richaun Holmes, and lottery pick Dereck Lively II expected to be in the mix at center in Dallas, it didn’t make sense for Andre Drummond to turn down his player option with the Bulls in the hopes of signing with the Mavericks, Stein explains, following up on a previous rumor. If the Mavs had been able to trade Holmes, it might’ve been a different story, but Drummond opted for the guaranteed money and a clearer path to rotation minutes in Chicago.

Here’s more from Stein:

Fred VanVleet‘s current plan is to meet with both the Raptors and Rockets in person in Los Angeles when free agency opens on Friday, Stein tweets, reiterating in today’s article that Houston looks like a serious threat to sign the point guard away from Toronto.
The Lakers are “eager” to bring back point guard Dennis Schröder and would like to give him a raise, but will have a limited ability to do so with his Non-Bird rights. Echoing ESPN’s Dave McMenamin, Stein says there’s a scenario in which Los Angeles commits a portion of its mid-level exception to Schröder and uses the rest on another player.
Former NBA big man Donta Hall, who is in the midst of a multiyear contract with AS Monaco in Europe, has an NBA opt-out in his deal and is attracting some interest from teams stateside, according to Stein, who names the Grizzlies and Trail Blazers as a couple of the clubs eyeing Hall.
One Western Conference front office executive was surprised by how many potential free agents exercised their player options. “I’ve never seen this many good players opt in,” the executive told Stein.

Bruce Brown Plans Meetings With Five Teams

June 30th, 2023 at 10:25am CST by Arthur Hill

Nuggets free agent Bruce Brown will meet with the Knicks, Rockets, Pacers, Mavericks and Lakers when free agency begins later today, tweets Ian Begley of SNY.tv.

Indiana was identified Thursday as a team to watch in the race for Brown. The Pacers have upwards of $30MM in cap room and can offer Brown more than the non-taxpayer mid-level exception. Houston is the only other team among those five that can exceed the MLE for the versatile guard, but the Rockets reportedly are focused on other targets.

The Lakers remain confident about their chances to land Brown with the MLE, but there are also indications that he may be open to a return to Denver, even though the Nuggets are limited to a $7.8MM offer with his non-Bird rights.