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Teams Limited To Minimum Salary Contract Offers

September 13th, 2023 at 4:01pm CST by Luke Adams

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

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

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

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

Teams above the second tax apron:

Golden State Warriors
Los Angeles Clippers
Miami Heat
Phoenix Suns

Beginning this offseason, the NBA added a second tax “apron” and introduced new restrictions for the teams whose salaries exceed that apron. In 2023/24, the second apron is set at $182,794,000 ($17.5MM above the tax line) — it will increase along with the cap in future years.

In addition to being prohibited from using the standard mid-level exception and the bi-annual exception, teams whose salaries are above the second apron aren’t permitted to make use of the taxpayer mid-level exception, which is worth $5MM. The Warriors, Clippers, Heat, and Suns all fall into that group and therefore don’t have any cap exceptions available to use on free agents besides the minimum exception.

Teams very close to the second tax apron:

Boston Celtics
Milwaukee Bucks

The Celtics and Bucks may be able to start the season with team salaries below the second apron, but from a practical standpoint, it will be extremely difficult for them to make use of the taxpayer mid-level exception, which would hard-cap them at that second apron.

Milwaukee, in particular, has several contract bonuses to account for and would find its team salary well above the second tax apron if certain players earn those unlikely incentives. Boston has slightly more cap flexibility, but will still almost certainly be limited to minimum-salary offers for the rest of 2023/24, barring a cost-cutting move.

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

Denver Nuggets
Oklahoma City Thunder
Toronto Raptors

The Nuggets are the only team this season to use the taxpayer mid-level exception. It’s the lone cap exception available to them in free agency, since their team salary is above the first apron, so they can’t offer more than the minimum to free agents.

The Thunder, meanwhile, used their entire room exception, while the Raptors used their non-taxpayer mid-level exception and bi-annual exception. Both teams are now over the cap and only have the minimum salary exception left to sign a free agent outright (a sign-and-trade remains possible, but is unlikely at this stage of the offseason).

Over-the-cap teams whose remaining exception money is less than the two-year veteran’s minimum:

Los Angeles Lakers
Sacramento Kings

The Lakers have $1,905,000 remaining on their non-taxpayer mid-level exception, while the Kings have $1,381,536 left on their room exception. Both figures fall short of the full-season minimum salary for a two-year veteran ($2,019,706), so neither club could offer more than the minimum to a veteran free agent at this time.

However, that leftover exception money isn’t useless. Los Angeles and Sacramento could each offer more than the minimum to a rookie free agent, for instance. And their remaining exception money won’t begin prorating downward until after the trade deadline. So if L.A. wants to sign a veteran free agent in December, it could use its MLE to offer more than the player’s prorated minimum salary at that point.

Central Notes: Thompson, Theis, Pistons, Giannis

September 13th, 2023 at 9:44am CST by Luke Adams

Tristan Thompson‘s new contract with the Cavaliers is a one-year, minimum-salary deal that is guaranteed for just $200K, Hoops Rumors has learned. Thompson will earn his full $3.2MM salary if he remains under contract through at least January 7, though Cleveland’s cap hit for the season would be just $2.02MM, with the NBA covering the difference.

Here’s more

It has been a roller coaster year for Pacers center Daniel Theis, who has battled injuries and seen his NBA role cut back but played a key role for Germany en route to a World Cup gold medal this summer. Scott Agness of Fieldhouse Files (subscriber link) takes a look at the up-and-down journey and considers what’s next for Theis, who is on a pseudo-expiring contract in 2023/24 — his deal includes a $9.5MM team option for ’24/25 that is unlikely to be exercised.
One of the challenges facing new Pistons head coach Monty Williams will be how he uses big men Jalen Duren, Isaiah Stewart, James Wiseman, and Marvin Bagley III. Keith Langlois of Pistons.com explores some frontcourt lineup options for Williams.
Appearing on the 48 Minutes podcast, Bucks star Giannis Antetokounmpo said that he intends to travel to Houston to work out with Hall of Fame center Hakeem Olajuwon before the 2023/24 season begins, as Dalton Sell of Behind the Buck Pass relays.

Griffin Embraces Giannis’ Comments, Doesn’t Feel Added Pressure

September 11th, 2023 at 5:47pm CST by Dana Gauruder

New Bucks heaed coach Adrian Griffin is unfazed by recent comments made by superstar forward Giannis Antetokounmpo regarding his future, according to Jim Owczarski of the Milwaukee Journal Sentinel.

Antetokounmpo revealed in a New York Times interview that he wouldn’t sign an extension this offseason and only wanted to stay in Milwaukee long-term if he felt the franchise could compete for championships on a regular basis.

“The real question’s not going to be this year — numbers-wise it doesn’t make sense,” Antetokounmpo said. “But next year, next summer it would make more sense for both parties. Even then, I don’t know. … I would not be the best version of myself if I don’t know that everybody’s on the same page, everybody’s going for a championship, everybody’s going to sacrifice time away from their family like I do. And if I don’t feel that, I’m not signing.”

Griffin indicated he’s on the same page with the two-time MVP.

“He wants to win and I want to win and it’s that simple,” Griffin said. “So I respect him. I respect what he’s accomplished in this league and we’re here together to win. So I have no problem with that. I think it’s a great partnership. We’re going to lead the team together. When he leads, the others will follow, so I think it’s great.”

Griffin doesn’t believe Antetokounmpo’s comments will add any extra pressure on him or the organization.

“Absolutely not. We’re here. We’re aligned. We’re here to win,” Griffin said. “And the one thing I talked to my team and our staff about is just embracing expectations. I have a really good roster. Instead of running from it, we want to embrace it. It just takes one day at a time though. Yes, we want to go far and deep into April, May and June but it’s about just one step at a time and taking care of our controllables and it starts with practice.”

Griffin has been in frequent contact with his top player, who underwent an offseason procedure on his knee. The new coach anticipates that Antetokounmpo and Khris Middleton, who also underwent offseason knee surgery, will be ready to go by the start of camp.

“That’s the plan,” he said. “They’ve been working their butts off, getting in the gym every day and just grinding.”

Eastern Notes: Giles, Nets, Harden, Bucks Prospects

September 8th, 2023 at 7:07pm CST by Rory Maher

Harry Giles‘ one-year, non-guaranteed contract with the Nets includes an Exhibit 9 clause, but not an Exhibit 10, Hoops Rumors has learned. That means Giles likely won’t be a candidate to join the Long Island Nets in the G League if he’s waived by Brooklyn before the season, since he wouldn’t be eligible for an Exhibit 10 bonus (worth up to $75K). He also can’t have the deal converted into a two-way.

A former first-round pick (20th overall in 2017), Giles was once one of the highest-rated prospects in his class, but sustained a couple of serious knee injuries. The 25-year-old has been out of the league the past two seasons.

Here’s more from the Eastern Conference:

Trade talks involving Sixers guard James Harden are reportedly on ice. The team failed to gain traction in negotiations with the Clippers — Harden’s preferred landing spot — and then took him off the market. Still, given his comments about president of basketball operations Daryl Morey, it seems inevitable that Harden will eventually be moved. Which teams might be motivated to pursue Harden if things go awry during the season? Yossi Gozlan of HoopsHype cites the Bulls, Rockets, Mavericks and Lakers as possible destinations that could make some sense.
Instead of prioritizing veterans like they have the past handful of seasons, the Bucks instead have filled out the back end of their roster with young players. Over at The Athletic, Eric Nehm spoke to draft expert Sam Vecenie to see how MarJon Beauchamp, Andre Jackson and Chris Livingston might fit with Milwaukee in 2023/24. Vecenie likes the defensive potential of second-year wing Beauchamp and 2023 second-rounder Jackson, but writes that both players will have to improve their jump shots to have a shot at regular minutes alongside Giannis Antetokounmpo. As for Livingston, who was the final pick of 2023, Vecenie believes the former Kentucky wing is a long-term developmental project who is unlikely to make much of an impact in the NBA, particularly early on.
In part two of their conversation about the Bucks‘ youngsters, Vecenie says he’s high on TyTy Washington‘s offensive upside and believes the 21-year-old guard has a legitimate shot at being converted to a standard contract. A first-round pick last year, Washington was released by Oklahoma City in August after spending his rookie season with the Rockets, later signing a two-way deal with Milwaukee. Nehm and Vecenie also discuss the potential of second-year sharpshooter A.J. Green, who is on a standard deal, and rookie Omari Moore, who is on a two-way contract.

Luke Adams contributed to this post.

Lowe’s Latest: Lillard, Harden, Raptors, Bucks

September 6th, 2023 at 3:11pm CST by Luke Adams

There has been no forward momentum on the Damian Lillard front, ESPN’s Zach Lowe and Bobby Marks said on the latest episode of The Lowe Post podcast (YouTube link). The Trail Blazers guard requested a trade over two months ago, but the team doesn’t seem any closer to making a deal today than it was at the start of July.

“I’ve heard there’s been nothing. No meaningful dialogue at all,” Lowe said. “More pointedly… I just don’t think there’s been another team. If there is, I don’t know about it. That could very well the case, I may not know. But I have not heard of any other team that has really dove head-long – or even halfway – into the Dame Lillard sweepstakes.”

Marks also hasn’t heard any rumblings about any team besides the Heat that’s prepared to make a run at Lillard, and agreed that Portland and Miami don’t appear to have had substantial discussions or made any progress toward a deal.

“It’s been very quiet, certainly, from the Miami front,” Marks said. “I think the only way we hear more about Dame is if Dame makes it messy. And I don’t think Damian Lillard right now is willing to make it messy in Portland.”

Here are a few more highlights from The Lowe Post:

As is the case with the Heat and Lillard, the Clippers still appear to be the only viable suitor for Sixers guard James Harden, according to Lowe. “I know that Howard Beck and others have stated that there may be two or three other teams that have been sniffing, investigating,” Lowe said. “Certainly, if you talk to the Sixers, they have reason to say, “Oh, there’s a broad, frothy James Harden market out there.’ I really don’t think there is. I think it’s been mostly the Clippers.” However, Lowe added that the teams haven’t had “a whole lot of dialogue” in the last couple months.
While there has been some skepticism that the Clippers are able to offer the sort of package that would appeal to the Sixers for Harden, Lowe believes that Daryl Morey and the Philadelphia front office would be willing to pull the trigger if Los Angeles made the right draft assets available, since those could be flipped for an impact player. “If the Clippers were to put both (of their tradable) first-round picks in, even without (Terance Mann), I think there’s a two-team deal that exists that the Sixers would do,” Lowe said. “I don’t think the two teams have been anywhere close to any of that kind of deal, which is why I think the only play I see for the Sixers here is bring him to camp, hope…he plays pretty well, and the Clippers and some other teams with high expectations sputter over their first 20 games and get desperate.”
Lowe suggests he wouldn’t be surprised if the Raptors make some sort of move in the next six weeks, noting that the team still has multiple key players entering contract years (including Pascal Siakam and OG Anunoby) and has yet to complete an extension for Gary Trent Jr. that was rumored to be close back in June. “A lot of balls in the air for the Raptors,” Lowe said.
Marks and Lowe both believe that the Bucks‘ handling of Jrue Holiday‘s contract situation when he becomes extension-eligible in February could be a crucial domino that affects Giannis Antetokounmpo‘s future. Holiday can opt out of his current contract and become a free agent next summer if he doesn’t sign a new deal before then.

And-Ones: Title Threats, Ennis, Storylines, Top Coaches

September 5th, 2023 at 10:58pm CST by Dana Gauruder

Which team is the Nuggets’ biggest impediment to a second straight title? ESPN’s panel of experts believes the Bucks, Warriors, Suns and Celtics are all potential threats to a Denver repeat. As for just making the playoffs, the Mavericks, Bulls, Timberwolves and Pelicans are among a group of teams that can’t afford to fall short of postseason participation or else risk major rebuilds or superstar demands for trades.

We have more from around the basketball world:

Former NBA guard Tyler Ennis has signed with Italy’s Gevi Napoli Basket, according to a team press release. A first-round pick in 2014, Ennis has not played in the NBA since the 2017/18 season, when he appeared in 54 Lakers games. In recent years, Ennis has played mainly in Turkey. He also had a stint with the Raptors’ G League team.
The trade demands of James Harden and Damian Lillard, along with Giannis Antetokounmpo‘s future with the Bucks, are some of the storylines that will be closely followed this NBA season, The Athletic’s Sam Amick writes.
Who are the top five coaches in the NBA? Joe Cowley of the Chicago Sun-Times tackles that subject, ranking the Heat‘s Erik Spoelstra and the Spurs‘ Gregg Popovich first and second. The third choice may surprise some people. Cowley rates the Knicks‘ Tom Thibodeau at that spot due to his ability to take downtrodden franchises and make them playoff teams.

Contract Details: Mykhailiuk, Harrison, Washington, More

September 5th, 2023 at 3:15pm CST by Luke Adams

The contract that Svi Mykhailiuk signed with the Celtics is a one-year, minimum-salary deal that is partially guaranteed for $200K, Hoops Rumors has learned. If Mykhailiuk remains under contract through at least the start of the regular season, his partial guarantee would increase to 50% of his $2,346,614 salary, which works out to $1,173,307. He’d be assured of his full salary for 2023/24 if he isn’t waived on or before January 7.

Here are more details on a few recently signed contracts:

Shaquille Harrison‘s contract with the Grizzlies is a non-guaranteed Exhibit 10 deal, Hoops Rumors has learned. While there has been some speculation that Harrison could fill the extra roster spot Memphis will create after the first five games of the season (when Ja Morant can be moved to the suspended list), he seems unlikely to make the opening-night roster. So if the Grizzlies want to have him fill that spot, Harrison would likely be waived and then re-signed.
As previously reported, P.J. Washington‘s contract with the Hornets is worth exactly $46.5MM, with $1.5MM in total incentives ($500K per year). It’s fully guaranteed with no options. Since his bonuses are considered unlikely, Washington’s first-year cap hit is $16,847,826; he’ll make a base salary of $15.5MM in year two and $14,152,174 in year three.
The two-way contracts recently signed by GG Jackson (Grizzlies) and TyTy Washington (Bucks) are each just for one year, so both players will be eligible for restricted free agency in 2024.

Bucks Sign Marques Bolden To Camp Deal

September 5th, 2023 at 11:19am CST by Luke Adams

The Bucks have agreed to sign free agent center Marques Bolden to a training camp contract, reports Eric Nehm of The Athletic (Twitter link). The move is official, per RealGM’s transaction log.

Bolden, 25, appeared in seven NBA games for Cleveland in 2020 and 2021, but has spent the majority of his professional career in the G League, including the last two seasons with the Salt Lake City Stars. Although he was a regular starter for Utah’s G League affiliate in 2021/22, averaging 11.7 PPG and 8.5 RPG in 21 regular season NBAGL games (30.1 MPG), the former Duke Blue Devil was limited to six total appearances for the Stars last season due to a shoulder injury.

The Bucks have 15 players on guaranteed standard contracts, so they likely don’t envision Bolden having a spot on their regular season roster. Assuming his contract includes Exhibit 10 language, it could be converted to a two-way deal before the regular season begins, though Milwaukee doesn’t currently have a two-way opening either.

Exhibit 10 signees often end up being waived and then reporting to their team’s G League affiliate, earning a bonus worth up to $75K if they spend at least 60 days with the NBAGL club. But assuming the Stars still hold Bolden’s returning rights, which appears to be the case, then the Wisconsin Herd – Milwaukee’s affiliate – would need to trade for those rights in order for the big man to receive a bonus from the Bucks.

Milwaukee had been carrying 20 players on its offseason roster, leaving one open spot, so no cut is necessary to make room for Bolden.

Bucks Sign, Waive Iverson Molinar

September 3rd, 2023 at 8:27am CST by Luke Adams

The Bucks signed combo guard Iverson Molinar to a contract on Friday and waived him on Saturday, according to RealGM’s official NBA transaction log.

Molinar, who went undrafted out of Mississippi State in 2022, spent his first professional season with the Wisconsin Herd. He averaged 10.1 points, 2.6 rebounds, and 2.5 assists in 22.4 minutes per game across 23 regular season appearances with Milwaukee’s G League affiliate in 2022/23.

Since Molinar played for the team last season, the Herd will hold his returning rights, so the Bucks’ decision to sign and waive him wasn’t related to securing his G League rights. Instead, it was likely about making sure he earns a bonus for returning to the NBAGL club in 2023/24.

It’s safe to assume that Molinar received an Exhibit 10 contract, which will put him in line to receive a bonus worth up to $75K if he spends at least 60 days with the Herd this season. Those Exhibit 10 bonuses typically exceed the full-season G League salary, so they provide a good incentive to get a player to stick with an NBAGL affiliate rather than seeking out an opportunity in an international league.

Molinar temporarily filled the Bucks’ 21st and final offseason roster spot, but the club’s roster count is back down to 20 following his release. Milwaukee also recently signed and waived Alex Antetokounmpo, who figures to return to the Herd too.

Bucks Sign Drew Timme; Sign, Waive Alex Antetokounmpo

September 2nd, 2023 at 10:34am CST by Luke Adams

SEPTEMBER 2: The Bucks have officially waived Alex Antetokounmpo, per NBA.com’s official transaction log.

The Bucks retain Antetokounmpo’s G League rights and he’ll receive a bonus if he spends at least 60 days with Milwaukee’s G League affiliate, the Wisconsin Herd. The Athletic’s Eric Nehm first reported that the team would waive Antetokounmpo on Friday.

SEPTEMBER 1: The Bucks have added a third Antetokounmpo brother to their offseason roster, according to RealGM’s official NBA transaction log, which lists Milwaukee as having recently signed Alex Antetokounmpo to a one-year contract.

While terms of the deal aren’t known, it will almost certainly be a non-guaranteed contract, likely with Exhibit 10 language. Such a deal could be converted to a two-way contract or would make Antetokounmpo eligible for a bonus worth up to $75K if he’s waived before the regular season and then spends at least 60 days with the Wisconsin Herd, the Bucks’ G League affiliate.

Antetokounmpo, 22, has played in the G League since going undrafted in 2021. The 6’8″ forward spent the 2021/22 campaign with the Raptors 905, then played in Wisconsin last season. In 32 regular season G League games with the Herd in ’22/23, he averaged 5.8 points and 3.0 rebounds in 22.3 minutes per night, with a subpar shooting line of .372/.247/.559.

Antetokounpmo joins his older brothers Giannis Antetokounmpo and Thanasis Antetokounmpo on the Bucks’ roster, which has now reached its 21-man offseason limit. The club is carrying 15 players on guaranteed deals, three on (presumed) Exhibit 10 contracts, and three on two-way pacts.

To get to 21 players, Milwaukee also officially signed undrafted Gonzaga forward Drew Timme, whose Exhibit 10 agreement with the team was reported back in June.

Timme spent four college seasons at Gonzaga, building an impressive résumé before declaring for the 2023 draft as an early entrant. He was a three-time consensus All-American and won the WCC Player of the Year award in both 2022 and 2023.

In his final year with the Bulldogs, the 6’10” big man averaged 21.2 points, 7.5 rebounds, and 3.2 assists in 31.5 minutes per game across 37 appearances, making 61.6% of his shots from the floor.