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Contract Details: George, Martin, Wiseman, Isaac, Hield, More

July 8th, 2024 at 6:49am CST by Luke Adams

Following the end of the July moratorium on Saturday, teams wasted no time in officially finalizing many of the contracts they’d agreed to up until that point.

Now that those contracts have been completed, we have the official details on many of them. Here, via several reporters – including Keith Smith of Spotrac, Michael Scotto of HoopsHype, and cap expert Yossi Gozlan – as well as our own sources, are some of those notable details:

Players with trade kickers:

Lakers forward LeBron James (15%), Knicks forward OG Anunoby (15%), Sixers forward Paul George (15%), Sixers forward Caleb Martin (15%), Mavericks sharpshooter Klay Thompson (15%), and Mavericks forward Naji Marshall (5%) received trade kickers on their new free agent deals, while Celtics guard Derrick White (15%) got one on his contract extension.

As an aside, James’ exact starting salary in 2024/25 is $48,728,845, which is $1,258,873 below the maximum he could have earned.

Players who waived their right to veto a trade:

A player who re-signs with his team on a one-year contract (or two-year contract with a second-year option) is typically awarded the right to veto a trade, but has the option to waive that option.

Heat center Thomas Bryant, Rockets guard Aaron Holiday, Raptors wing Garrett Temple, and Magic teammates Gary Harris and Moritz Wagner all surrendered their right to veto a trade in 2024/25 and could be moved freely.

Unlikely incentives:

Nets center Nic Claxton ($97MM base + $3MM incentives), Pacers forward Obi Toppin ($58MM +$2MM), Suns forward Royce O’Neale ($42MM +$2MM), and Sixers forward Martin ($35,040,704 + $5,256,106) are among the players whose contracts include unlikely bonuses that would boost the total guaranteed salary if those incentives are reached.

As cap expert Albert Nahmad observes, the structure of Martin’s contract helped the 76ers maximize their cap room, since his unlikely incentives don’t count toward the cap once he signs.

It wouldn’t surprise me if Martin’s “unlikely” incentives are easier to earn than a typical player’s incentives would be — I don’t expect them to be for making an All-Star team or anything like that. An incentive is considered unlikely for cap purposes if the player wouldn’t have met the criteria the year before. For example, as Nahmad suggests, a bonus related to Martin making 24 or more starts would be considered unlikely because he started 23 games last season. Martin’s bonuses – considered “unlikely” for cap purposes but perhaps “likely” to be earned in reality – could have served as a way to strengthen the Sixers’ offer without sacrificing that extra cap room.

It’s also worth noting that a player’s unlikely incentives can’t exceed 15% of his guaranteed base salary, and Martin’s $5,256,106 in incentives represent exactly 15% of his overall $35,040,704 salary.

Partial or non-guarantees and options:

James Wiseman‘s two-year, minimum-salary contract with the Pacers is guaranteed for $500K in year one, with a team option for 2025/26. That team option would be guaranteed for $569,041 if exercised (ie. the same percentage as his first-year salary).

Luka Garza got a similarly structured two-year, minimum-salary deal with the Timberwolves, except his first year is fully guaranteed prior to his second-year team option. That 2025/26 option would be guaranteed if picked up.

As previously reported, Isaiah Hartenstein‘s three-year, $87MM deal with the Thunder includes a team option for 2026/27. It’s worth $28.5MM, with $58.5MM in guaranteed money across the first two seasons.

Magic teammates Harris ($7.5MM) and Wagner ($11MM) each have second-year team options on their two-year deals.

The Rockets used their full bi-annual exception to give Holiday a two-year deal worth $9,569,400 that includes a second-year team option ($4,901,400).

Neemias Queta‘s three-year, minimum-salary contract with the Celtics is fully guaranteed in year one with a partial guarantee of exactly 50% ($1,174,789 of $2,349,578) in year two, plus a third-year team option for 2026/27. The third-year option ($2,667,944) would be guaranteed for 50% ($1,333,972) if exercised. Since his minimum deal covers more than two years, a team wouldn’t be able to acquire Queta via the minimum salary exception if he’s traded down the road.

Jonathan Isaac‘s new long-term deal with the Magic is partially guaranteed ($8MM of $14MM) in 2026/27, with non-guaranteed salaries of $14.5MM in 2027/28 and $15MM in 2028/29. However, each of those salaries would become fully guaranteed if Isaac plays at least 52 games in the prior season. For instance, if Isaac were to appear in 54 games in 2026/27, his $14.5MM salary for ’27/28 would be fully guaranteed.

Sign-and-trade contracts:

Interestingly, Kyle Anderson‘s and Buddy Hield‘s new contracts with the Warriors have the exact same salaries for the first three seasons: $8,780,488, $9,219,512, and $9,658,536. Anderson’s three-year deal is fully guaranteed for the first two years and non-guaranteed in year three.

As for Hield, his four-year contract is fully guaranteed for the first two years, with a partial guarantee of $3MM for year three. His fourth year is a $10,097,560 player option that would be partially guaranteed for $3,136,364 if exercised.

Klay Thompson’s three-year contract with the Mavericks comes in at exactly $50MM, as reported — it starts at $15,873,016 and features 5% annual raises.

Jonas Valanciunas‘ three-year contract with the Wizards is worth $30,295,000 in total, beginning at $9.9MM (which is the amount of the trade exception generated for the Pelicans). It’s fully guaranteed for the first two seasons and non-guaranteed in year three.

Cody Zeller got a three-year, $11,025,000 deal in the sign-and-trade that sent him from New Orleans to the Hawks. The first year is guaranteed for $3.5MM, with two non-guaranteed seasons after that.

Finally, as part of the Mikal Bridges trade, new Nets guard Shake Milton got a three-year, $9,162,405 contract that has a guaranteed first-year salary of $2,875,000, with two non-guaranteed years after that ($3MM in 2025/26 and $3,287,406 in ’26/27). His teammate Mamadi Diakite, who was also sent to Brooklyn in the trade, had his $2,273,252 salary partially guaranteed for $1,392,150.

Milton’s $2,875,000 salary, Diakite’s $1,392,150 partial guarantee, and Bojan Bogdanovic‘s $19,032,850 salary add up to $23.3MM, which is equivalent to Bridges’ salary — the exact amount of outgoing salary the Knicks needed to send to avoid being hard-capped at the first tax apron.

Klay Thompson Sign-And-Trade Completed As Six-Team Deal

July 6th, 2024 at 9:23pm CST by Luke Adams

The Mavericks announced on Saturday that they’ve acquired longtime Warriors sharpshooter Klay Thompson via sign-and-trade in the first six-team deal in NBA history (Twitter link).

“We’re thrilled to have Klay join us in Dallas,” Mavericks president of basketball operations Nico Harrison said in a statement. “As one of the league’s greatest shooters who competes on both ends, we feel Klay is a perfect fit for our team. He adds a strong, experienced veteran voice that will help us continue to build on the success we’ve seen in recent years. Klay’s championship experience, clutch performances and calm demeanor under pressure exemplify what it takes to win in the NBA at the highest level. He will help us continue to grow towards our goal of winning another championship.”

The Hornets, Timberwolves, Sixers, and Nuggets are also involved in the trade, with separate agreements involving Kyle Anderson (Minnesota to Golden State), Buddy Hield (Philadelphia to Golden State), and Reggie Jackson (Denver to Charlotte) all folded into a single mega-deal.

As best we can tell, the terms are as follows:

Mavericks acquire Thompson (sign-and-trade) and a 2025 second-round pick.
Warriors acquire Anderson (sign-and-trade) and Hield (sign-and-trade).
Hornets acquire Josh Green, Jackson, the Nuggets’ 2029 second-round pick, and the Nuggets’ 2030 second-round pick.
Timberwolves acquire a 2025 second-round pick, a 2031 second-round pick swap (from Warriors), and cash (from Warriors).
Sixers acquire the Mavericks’ 2031 second-round pick.
Nuggets acquire cash (from Hornets).

There’s at least one minor adjustment from the original agreements. Because the Warriors benefit most from turning multiple deals into a single trade (they can use Thompson’s outgoing salary to salary-match for both Anderson and Hield, allowing them to give the two players a higher combined salary than what Thompson’s will make), they’re no longer receiving a second-round pick from the Hornets. It appears that pick is being rerouted to the Wolves, who needed to send or receive an asset from another team besides Golden State.

We don’t yet know the exact details of the 2025 second-rounders being acquired by Dallas and Minnesota, but it looks like one of them is the 2025 Nuggets pick that Charlotte initially agreed to acquire as part of the Jackson trade and one of them is the 2025 Sixers pick that Charlotte already controlled. The Hornets were always going to send out two second-round picks for Green — they’re just going to Dallas and Minnesota now, instead of Dallas and Golden State.

There may be more moving pieces here though, since none of the announcements from the six teams involved have shared the full details, so we’ll keep an eye out for updates.

For more details on all these trades, be sure to check out our original stories:

Mavericks to acquire Klay Thompson (story)
Warriors to acquire Kyle Anderson (story)
Warriors to acquire Buddy Hield (story)
Hornets to acquire Reggie Jackson (story)

Pistons, Wolves, Grizzlies, Raptors Complete Four-Team Deal

July 6th, 2024 at 4:28pm CST by Luke Adams

The Pistons, Timberwolves, Grizzlies, and Raptors have folded a series of separate trade agreements into a single four-team trade, which is now official, the Wolves announced today in a press release.

The Pistons and Timberwolves initially agreed to a deal sending Minnesota’s Wendell Moore to Detroit in exchange for a second-round pick swap, with the Pistons moving up from No. 53 to No. 37.

The Wolves subsequently traded the No. 53 pick to Memphis in exchange for No. 57 and a future second-rounder. Then Minnesota traded No. 57 to Toronto for a reported $1MM in cash.

The end result is as follows:

Pistons acquire Moore and the draft rights to Bobi Klintman (No. 37 pick).
Timberwolves acquire a future second-round pick (from Grizzlies) and cash ($1MM; from Raptors).
Grizzlies acquire the draft rights to Cam Spencer (No. 53 pick).
Raptors acquire the draft rights to Ulrich Chomche (No. 57 pick).

The Pistons are taking a chance on an inexpensive former first-rounder in Moore ($2.54MM salary in 2024/25) while having moved up in the second round to select a prospect higher on their draft board; the Wolves, who are operating over the second apron, save some money while having swapped out their No. 37 pick for a future second-rounder; and the Grizzlies and Raptors gave up minor assets to trade into the back end of the second round of the draft.

The one missing detail is here is which future second-round pick the Grizzlies are sending Minnesota. We’ll update our tracker of 2024 offseason trades with that information once it’s reported.

Timberwolves Re-Sign Luka Garza

July 5th, 2024 at 7:26pm CST by Arthur Hill

JULY 5: Garza’s new contract with the Wolves is now official, per the NBA’s transaction log.

JULY 1: Luka Garza will return to the Timberwolves on a two-year contract, according to ESPN’s Adrian Wojnarowski (Twitter link). It’ll be a minimum-salary deal, per Chris Hine of The Star Tribune.

The 25-year-old center saw limited playing time in 25 games last season, averaging 4.0 points and 1.2 rebounds in 4.9 minutes per night. He’s stuck behind Rudy Gobert, Karl-Anthony Towns and Naz Reid in Minnesota’s frontcourt.

Garza was one of the top players in college basketball at Iowa in 2021, but he wasn’t drafted until the 52nd pick because of concerns about how his game might translate to the NBA.

He spent his first season with Detroit, then joined the Wolves in 2022 on a two-way contract that was converted to a standard deal in April.

While Garza hasn’t seen a ton of playing time at the NBA level, he has excelled in the G League, averaging 31.4 points and 10.2 rebounds per game with a .618/.442/.778 shooting line for the Iowa Wolves in 18 NBAGL outings over the past two seasons.

The agreement with Garza leaves Minnesota with five remaining free agents: Kyle Anderson, Monte Morris, T.J. Warren, Jordan McLaughlin and Daishen Nix.

Timberwolves Notes: Gobert, Ingles, Clark, Young Players

July 5th, 2024 at 1:26pm CST by Rory Maher

Chris Hine of The Star Tribune recently asked president of basketball operations Tim Connelly if the Timberwolves have discussed a veteran contract extension with center Rudy Gobert (Twitter link).

“We’d love Rudy to be here for a very long time,” Connelly replied. “We’re still in the middle of free agency. We haven’t jumped in deeper beyond that. Obviously we’re not here without Rudy … and we hope this is Rudy’s last stop.”

Gobert, 32, claimed his fourth Defensive Player of the Year award in 2023/24. He’ll earn $43.8MM in ’24/25 and holds a $46.7MM player option for ’25/26.

Here’s more on the Wolves:

Veteran forward Joe Ingles spoke to Olgun Uluc of ESPN about agreeing to a one-year deal with Minnesota. Ingles, who previously played with Mike Conley and Gobert in Utah, said the Wolves recruited him last year as well. “It’s exciting. It’s obviously a really good team,” said Ingles, who will play in his fifth Olympic games later this month with Australia. “Western Conference finals this year. Just going in there fully understanding the role they have for me. Trying to help Rudy, trying to help Ant (Anthony Edwards), trying to help all these guys get better and hopefully go further. When the opportunity came up and you speak more in depth about the basketball side, especially with the stuff I’m saying – you still wanna play, you still wanna compete – it’s a basketball opportunity that was too good to give up.”
The Wolves have a number of young players — including second-year guard Jaylen Clark — who will by vying for rotation minutes next season, writes Patrick Reusse of The Star Tribune (subscriber link). 2024 first-round picks Rob Dillingham and Terrence Shannon Jr., former second-rounders Clark, Josh Minott, and Leonard Miller, and fourth-year center Luka Garza are among the names to watch. Clark missed the entire 2023/24 season after tearing his Achilles tendon at UCLA, but he’s fully healthy now and was technically active by the end of Minnesota’s second-round playoff series with Denver, Reusse adds.
Minnesota appears to be in a strong position in the West entering the ’24/25 season, according to Michael Rand of The Star Tribune (subscription required), who praises Connelly for acquiring Dillingham, Shannon and Ingles, particularly given the limitations of being over the second tax apron.

Free Agent Rumors: DeRozan, Kings, Spurs, Morris, Bridges, Jones

July 3rd, 2024 at 9:59pm CST by Luke Adams

Following up on a report from Marc J. Spears stating that Sacramento is a “dark horse” suitor to watch for DeMar DeRozan, Barry Jackson of The Miami Herald confirms (via Twitter) that the Kings and Bulls have had discussions about a possible sign-and-trade deal involving the free agent forward.

The Spurs have also emerged as a possibility for DeRozan, Jackson adds. The 34-year-old previously spent three seasons playing for Gregg Popovich in San Antonio from 2018-21.

While Jackson (Twitter link) isn’t entirely ruling out the Heat for DeRozan, he notes that the club’s cap situation makes it impossible to give the forward the kind of contract he’s seeking, so the front office seems more likely to preserve its assets in case a better trade opportunity arises — as a first-apron team, Miami would be in a better position to acquire a player who is already under contract than a free agent like DeRozan via sign-and-trade.

Here are a few more free agent rumors and notes from around the NBA:

The Sixers have expressed interest in the possibility of a reunion with free agent forward and Philadelphia native Marcus Morris, multiple sources tell Keith Pompey of The Philadelphia Inquirer. However, the 76ers aren’t the only team eyeing Morris. The Pistons, Hornets, Cavaliers, Mavericks, Heat, and Timberwolves have all expressed some level of interest too, Pompey writes.
It’s unclear where Miles Bridges will end up, according to Rod Boone of The Charlotte Observer, who says that the Pistons‘ interest seems to have dwindled following their front office and coaching changes, while the Sixers were “never in” on the free agent forward. The Hornets and Bridges publicly expressed interest in a new deal earlier in the offseason, but they’ve had over two weeks to talk and still don’t appear to have momentum toward an agreement. “I think they end up signing and trading Bridges,” a rival executive told Boone.
The Clippers continue to have interest in bringing back Kai Jones, but the free agent big man has an ankle injury that will prevent him from suiting up for Summer League, a source tells Law Murray of The Athletic (Twitter link).
The Pistons are one of the only teams that still has significant cap room available and they’ll need to at least reach the minimum salary floor before the season begins. Omari Sankofa II of The Detroit Free Press (subscription required) suggests a few potential free agents targets for Detroit, including Malik Beasley and Gary Trent Jr., while James L. Edwards III of The Athletic considers trade scenarios that might make sense for the club’s cap room.

Timberwolves Sign Joe Ingles To One-Year Contract

July 3rd, 2024 at 2:34pm CST by Luke Adams

JULY 6: The Timberwolves officially confirmed in a press release that they’ve signed Ingles.

JULY 3: Free agent forward Joe Ingles has an agreement in place with the Timberwolves on a one-year contract, reports Adrian Wojnarowski of ESPN (Twitter link).

While Wojnarowski doesn’t specify the financial details, Minnesota’s position relative to the second tax apron means the team an only offer the veteran’s minimum, so it’ll be a one-year, minimum-salary deal for Ingles.

Ingles spent last season in Orlando following eight years in Utah and one in Milwaukee. He averaged 4.4 points, 3.0 assists, and 2.1 rebounds in 17.2 minutes per game across 68 appearances off the bench for the Magic in 2023/24, becoming an unrestricted free agent after the club declined his $11MM option on Saturday.

Ingles, who will turn 37 before opening night, is unlikely to play big minutes in Minnesota, but he brings value as a shooter (.410 career 3PT%), a secondary ball-handler and play-maker, and as a veteran leader who has the size to defend forwards and bigger wings.

That skill set made Ingles a top target for Tim Connelly and the front office with the team set to lose Kyle Anderson in free agency, tweets Jon Krawczynski of The Athletic. Moving to Minnesota will give Ingles the opportunity to reunite with Mike Conley and Rudy Gobert, his former teammates with the Jazz.

A minimum-salary contract will pay Ingles a salary of $3,303,771 in 2024/25 while the Wolves take on a cap hit of $2,087,519.

Monte Morris Signs With Suns

July 3rd, 2024 at 1:08pm CST by Luke Adams

JULY 3: Morris’ one-year, minimum-salary contract is now official, according to NBA.com’s transaction log.

JULY 2: Free agent point guard Monte Morris intends to sign a contract with the Suns, according to Shams Charania of The Athletic (Twitter link). John Gambadoro of Arizona Sports 98.7 had reported (via Twitter) earlier today that Morris appeared to be the club’s top option among free agent point guards.

Phoenix is limited to minimum-salary offers as a second-apron team, and Morris’ deal will be for one year, tweets Gerald Bourguet of PHNX Sports. It’s a nice get for the Suns, who had been in the market for a reliable option at the point.

Morris is coming off a down year in which he missed the first half due to a quad injury, changed teams in a midseason trade, and took some time to get back into game shape. He averaged just 5.0 points and 2.1 assists in 14.4 minutes per game across 33 total appearances with Detroit and Minnesota.

However, the 29-year-old has a solid NBA track record as both a backup and a starter. Across five seasons in Denver and Washington from 2018-23, he averaged 10.5 PPG, 4.0 APG, and 2.5 RPG with a shooting line of .480/.392/.829 in 339 games (166 starts; 25.8 MPG).

With three ball-dominant stars in Devin Booker, Bradley Beal, and Kevin Durant, the Suns didn’t really use a traditional point guard much in 2023/24, and I wouldn’t expect Morris to crack the team’s starting lineup. But having a veteran ball-handler who can help organize the offense should provide new head coach Mike Budenholzer with more options in his first year at the helm.

According to Jon Krawczynski of The Athletic (Twitter link), the Timberwolves had interest in re-signing Morris, but his return was considered a long shot after he didn’t have a role in the playoffs and the team acquired Rob Dillingham on draft night.

Kyle Anderson Headed To Warriors Via Sign-And-Trade

July 2nd, 2024 at 5:36pm CST by Dana Gauruder

Free agent forward Kyle Anderson is headed to the Warriors via a sign-and-trade transaction with the Timberwolves, ESPN’s Adrian Wojnarowski reports (Twitter link). He’ll be signing a three-year, $27MM contract. The third year is non-guaranteed, Anthony Slater of The Athletic tweets.

The Timberwolves will receive a future second-round pick swap and cash in the sign-and-trade, Wojnarowski adds (Twitter link).

Anderson will slot into the traded player exception created in the Klay Thompson three-team deal with Dallas and Charlotte. The acquisition will put the Warriors a projected $3.2MM below the $170.8MM luxury tax line with 13 players rostered, cap expert Yossi Gozlan tweets. They’ll be hard-capped at the first tax apron ($178.1MM).

It had been speculated that Anderson, always a solid role player, would be difficult for Minnesota to retain due its salary-cap issues. The Timberwolves are a second-apron team, severely limiting their flexibility. They won’t be able to use the TPE generated by the Anderson sign-and-trade because of the restrictions for second-apron teams under the current CBA.

Rated No. 30 on our list of top 50 free agents, Anderson will jump right into the Warriors’ rotation. He appeared in 79 regular season games last season, including 10 starts, averaging 6.9 points and 4.2 rebounds in 22.6 minutes per contest.

The 30-year-old is highly regarded for his defensive versatility, intangibles, and ability to serve as a secondary ball-handler, though he doesn’t provide much offensive punch. Anderson averaged double digits in points just once in a career that began in the 2014/15 season and is a 33.8% career 3-point shooter.

Fischer’s Latest: Markkanen, Isaac, DeRozan, Lakers, D-Lo, Nets

July 1st, 2024 at 6:51pm CST by Luke Adams

The Jazz are “welcoming” inquiries on Lauri Markkanen, according to Jake Fischer of Yahoo Sports, who wonders if Utah’s offseason could play out like Brooklyn’s has. The Nets agreed to trade Mikal Bridges after efforts to pair him with an impact player came up short. Utah has also explored the trade market for a possible second star to complement Markkanen, talking to Brooklyn about Bridges (as previously reported) and to the Hawks about both Dejounte Murray and Trae Young, sources tell Fischer.

While it’s possible the Jazz will follow the Nets’ lead, selling off their lone star after failing to land another one, they don’t appear eager to part with Markkanen. According to Fischer, the Jazz have conveyed that they remain interested in renegotiating and extending Markkanen’s contract later this offseason and that listening to every offer for the star forward is just about due diligence.

As reported earlier today, both the Warriors and Spurs have interest in Markkanen, Fischer confirms, naming the Kings and Timberwolves as a couple more teams to watch. However, Sacramento’s reluctance to put Keegan Murray on the table in trade scenarios – which NBA personnel believe would be necessary to land Markkanen – may result in the Kings shifting their trade focus to Pelicans forward Brandon Ingram, Fischer writes. As for the Wolves, they’re operating over the second apron and barely have any future draft capital available, so it’s hard to envision a way for them to make a serious play for Markkanen.

Here’s more from Fischer:

The Magic may not end up using all of their cap room on free agents or trades — according to Fischer (Twitter link), they’re working on possibly renegotiating and extending forward Jonathan Isaac‘s contract. A team with cap space can use it to give a player a raise on his current-year salary, then reduce his salary by up to 40% in the first year of an extension, so Orlando may be looking at essentially giving Isaac a bonus this season to get him a team-friendly deal beginning in 2025/26.
Although LeBron James has expressed a willingness to take a pay cut if it allows the Lakers to bring in an impact player, Fischer writes that the team seems to be running out of potential targets – and time – to make that happen. The Lakers “hold an affinity” for DeMar DeRozan, but they’d likely have to incorporate a third team to move off some salary, including perhaps D’Angelo Russell or Gabe Vincent, to have a shot at DeRozan, according to Fischer.
The Nets could be a trade destination for Russell. Sources tell Fischer that Brooklyn has been open to the idea of a reunion with Russell since February’s trade deadline.
If Klay Thompson had re-signed with the Warriors, the plan was to bring him off the bench next season behind second-year guard Brandin Podziemski, according to Fischer. Thompson appears likely to be a starter in Dallas.