- The Bucks decided to re-sign Serge Ibaka to provide depth in the frontcourt, notes Eric Nehm of The Athletic. Ibaka didn’t make much of an impact after being acquired at the trade deadline and he probably won’t have a larger role next season, but his defensive presence and experience give him value as a backup big man.
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.
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.
The Cavaliers‘ agreement with Ricky Rubio remains flexible and could eventually become a sign-and-trade with the Pacers, sources tell Chris Fedor of Cleveland.com. Rubio, who suffered a torn left ACL last December, isn’t expected to be able to play for the first two or three months of the season, so the Cavs want to explore other point guard options.
If they do a sign-and-trade with Rubio, they’d be able to use their $10.4MM mid-level exception to address that area, and Fedor suggests that another signing could be reported sometime this weekend.
Bringing back Rubio was “Plan A” for the team, Fedor adds, after he helped fuel a surprising rise to contention last season. Serving as a veteran component in a young backcourt, Rubio averaged 13.1 points, 4.1 rebounds and 6.6 assists in 34 games before the injury. Cleveland was 20-14 with Rubio last season, but only 24-24 when he didn’t play.
There’s more from the Eastern Conference:
- Nets owner Joe Tsai is fed up with the drama surrounding the organization and won’t mind parting with Kevin Durant and Kyrie Irving, according to Joe Vardon of The Athletic. Vardon notes that Tsai has been willing to pay the luxury tax in the three seasons since Durant and Irving arrived, but he hasn’t gotten much in return, with just one playoff series win in that time. Other distractions, such as the coaching change involving Kenny Atkinson, the trades to acquire and then unload James Harden, the addition of Ben Simmons when he wasn’t ready to play, and Irving’s refusal to get vaccinated have all tested Tsai’s patience, Vardon adds.
- The Bucks have some interest in former first-round pick Georgios Papagiannis, tweets Dionysis Aravantinos of HoopsHype. The Greek center fizzled out quickly after being selected at No. 13 in the 2016 draft — playing 38 games for the Kings and one for the Trail Blazers — but he has been a star in Europe, earning a spot on the All-EuroLeague Second Team this year. Papagiannis is still under contract to Panathinaikos, so Milwaukee would have to arrange a buyout, but Aravantinos doesn’t see that as an obstacle.
- The wife of Hornets forward Miles Bridges has posted several photographs showing injuries that she says were caused when he attacked her this week, as Amy Woodyatt and Jacob Lev of CNN write. Bridges was arrested on Wednesday and charged with felony domestic violence. His next court date is scheduled for July 20, per CNN’s report.
JULY 1: Green’s two-way contract is now official, the Bucks confirmed today in a press release.
JUNE 24: Undrafted rookie AJ Green of Northern Iowa will sign a two-way contract with the Bucks, tweets ESPN’s Adrian Wojnarowski.
The 6’4″ combo guard played four seasons with the Panthers and was named Missouri Valley Conference Player of the Year in 2020 and 2022. Green missed most of his junior year because of hip surgery, but he bounced back strong as a senior, averaging 18.8 points, 3.7 rebounds and 2.5 assists per game while shooting 38.8% from three-point range.
Green, who had one year of eligibility remaining, entered the transfer portal at the same time he declared for the draft. He ultimately decided to pursue a pro career rather than return to school.
Milwaukee’s other two-way slot currently belongs to Sandro Mamukelashvili.
Hugo Besson, whom the Bucks took with the final pick in Thursday’s draft, might have been a candidate for a two-way contract, but the team plans to keep him overseas next season, according to Eric Nehm of The Athletic (Twitter link).
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 2021/22 NBA season was a record-setting one for luxury tax payments.
According to data from Albert Nahmad of HeatHoops.com and Yossi Gozlan of HoopsHype, the league’s previous single-year record for total luxury tax payments was $173.3MM, back in 2002/03.
This season, the Warriors‘ tax penalties alone nearly matched that league-wide record. And they were joined by six other taxpayers whose combined end-of-season bills shattered the previous record even without Golden State’s help.
Here’s the complete breakdown of the seven taxpaying teams, courtesy of Eric Pincus of SportsBusinessClassroom.com:
- Golden State Warriors: $170,331,194
- Brooklyn Nets: $97,711,261
- Los Angeles Clippers: $83,114,692
- Milwaukee Bucks: $52,037,160
- Los Angeles Lakers: $45,117,195
- Utah Jazz: $18,833,260
- Philadelphia 76ers: $13,876,624
All told, the seven teams paid a staggering combined total of $481,021,386.
Half of that total will be dispersed to the league’s non-taxpayers, which means that 23 teams will receive $10,456,987 each. The league will get the remaining $240,510,693 to help fund its revenue sharing program, says Pincus.
These numbers make it more obvious why a team like the Celtics made a concerted effort to get out of luxury tax territory at the trade deadline. A tax bill of $2MM or so wouldn’t break the bank for Boston’s ownership group, but the C’s generated more than just $2MM in savings by ducking below the tax line — they’re now one of the 23 teams that will receive a $10MM+ windfall.
Having said that, the Celtics gladly would have paid the tax penalty had they won the championship — Jaylen Brown would have received a bonus in that scenario, which would have pushed them over the line.
It’s worth noting that the Warriors are the only one of these seven taxpayers who were subject to “repeater” penalties this season, so it’s not as if those more punitive repeater penalties fueled this year’s record-setting totals. Even without the repeater penalties, the Dubs would have owed approximately $131MM in taxes.
The majority of these teams project to be taxpayers again in 2022/23.
JULY 6, 6:38pm: The Bucks’ deal with Ingles is now official, the team announced in a press release.
“Joe is a proven shot maker who will add great depth to our roster,” general manager Jon Horst said. “He is a terrific person and teammate who will fit in well with our team and community. We’re thrilled to welcome Joe and his family to Milwaukee.”
JULY 6, 2:29pm: The Bucks have issued a press release announcing their new deal with Carter and have also officially re-signed Matthews, per NBA.com’s transactions log. The Ingles signing figures to be formalized very soon.
JUNE 30, 6:04pm: Free agent forward Joe Ingles has agreed to a one-year contract with the Bucks worth $6.5MM, agent Mark Bartelstein tells Michael Scotto of HoopsHype (Twitter link). Ingles’ wife Renae first broke the news on Twitter.
The Bucks have also agreed to bring back a pair of their own free agents, agreeing to a one-year deal with swingman Wesley Matthews and a two-year pact with guard Jevon Carter, according to Shams Charania of The Athletic (Twitter links).
The $6.5MM salary for Ingles indicates he’ll be getting the team’s taxpayer mid-level exception. Carter’s deal will be worth $4.6MM over two years, with a player option on year two, tweets Michael Scotto of HoopsHype. That figure suggests Carter may be getting slightly above the veteran’s minimum using his Non-Bird rights.
It’s a somewhat surprising use of Milwaukee’s taxpayer mid-level exception, given that Ingles just underwent surgery on a torn ACL in February. The 34-year-old seems extremely unlikely to be ready to go by the fall and may not get back on the court until 2023. If and when he’s healthy though, he’ll be a nice fit for a Bucks team that could use his ball-handling, shooting, and defensive versatility.
As for Matthews and Carter, they played modest reserve roles for the Bucks in 2021/22, but should be useful depth pieces. Matthews, in particular, had a strong playoff run, starting all 12 of the Bucks’ postseason contests and making 40.0% of his threes.
JULY 6: The Bucks have officially re-signed Portis, the team announced today in a press release.
JUNE 30: The Bucks have reached an agreement to re-sign free agent big man Bobby Portis to a four-year, $49MM contract, agent Mark Bartelstein tells Adrian Wojnarowski of ESPN (Twitter link).
That’s the maximum amount that the Bucks could have given Portis using his Early Bird rights after he turned down his $4.6MM player option earlier this week.
The 6’10” Portis had a strong second season with Milwaukee, averaging career-highs in points (14.6) and rebounds (9.1) while appearing in 72 games (28.2 minutes per contest). He also started a career-high 59 games as center Brook Lopez dealt with a back injury which required surgery.
Portis, 27, is well-known for bringing lots of energy and intensity to the court, but he’s also a skilled offensive player, posting a .479/.393/.752 shooting line. He primarily served as a shooter for the Bucks to create space and driving lanes for two-time MVP Giannis Antetokounmpo, who has said he loves playing with Portis.
While Portis is a limited defender, he’s a good rebounder and gives solid effort, he just makes poor decisions and has trouble staying in front of smaller players. He also isn’t much of a rim protector, but Antetokounmpo is a very good backline anchor, which covers up for Portis’ weaknesses somewhat.
Portis was a key reserve when the Bucks won the title in 2020/21 and is a fan favorite in Milwaukee. Given he’s the same age as Antetokounmpo and Lopez is 34 and will be on an expiring deal, clearly the Bucks viewed Portis as a priority to retain, and since they’re over the cap, it’s not like they could easily find someone to replace his production.
Heat players are reportedly lobbying free agent forward P.J. Tucker to remain with the team, according to Barry Jackson of The Miami Herald, who says All-Star wing Jimmy Butler, in particular, is “very much hoping” Tucker returns to Miami.
However, James Harden‘s decision to opt out of a $47MM+ salary for next season and likely sign a new deal starting at a lower number is the latest indication that the Sixers are a serious threat to lure Tucker to Philadelphia. Harden’s move clears a path for Philadelphia to offer its full mid-level exception to Tucker.
If Tucker does leave, the Heat will be in the market for a power forward, and T.J. Warren, Kyle Anderson, Thaddeus Young, and Nicolas Batum will be among the free agents on their radar, Jackson writes. A Wednesday report indicated the club would likely also have interest in Danilo Gallinari if he’s waived after being traded by San Antonio.
Here’s more on the Heat:
- Jackson hears from a source that Miami would be a team that appeals to Bobby Portis if he decides to leave Milwaukee. But Portis is considered likely to stick with the Bucks, while the Heat are reluctant to hard-cap themselves for the season by giving their full mid-level exception to a free agent, so it’s an unlikely match.
- Jackson also hears that Kyle Lowry wasn’t upset by Pat Riley‘s end-of-season comments about how his conditioning must improve. The Heat have assured Lowry they have no intention of trading him in a deal for Kyrie Irving, Jackson adds.
- After saying that the Heat had emerged as the frontrunners to trade for Suns forward Jae Crowder, John Gambadoro of Arizona Sports 98.7 (Twitter links) walked back that report. As Gambadoro explains, he can’t see Phoenix taking on Duncan Robinson‘s contract, and the Heat don’t have any other obvious salary-matching pieces they’d include in an offer for Crowder.