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Spurs, Pacers, Pistons Still Have Cap Room Available

July 4th, 2022 at 9:01am CST by Luke Adams

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.

Knicks Rumors: Mitchell, L. Rose, Brunson, Durant, Irving

July 2nd, 2022 at 8:25pm CST by Arthur Hill

Even if the Jazz decide to trade Donovan Mitchell, the Knicks might not be first in line to acquire him, writes Ian Begley of SNY.tv. A New York City native, Mitchell has been rumored as a prime Knicks target for some time. The Jazz have indicated they plan to keep Mitchell and rework the roster around him, but sources tell Begley that several teams believe he would be available at the right price.

However, there’s no guarantee that New York’s front office will meet that price. Sources close to the Knicks indicated to Begley before the draft that the team was reluctant to part with the mix of players and draft picks that would be necessary to land a talent like Mitchell, fearing that the remaining roster would be too thin to compete. Since then, New York has reached an agreement with free agent guard Jalen Brunson, but Begley doesn’t believe that will change the team’s philosophy toward a potential Mitchell trade.

There’s more from New York:

The Knicks may have signed their top target this year by luring Brunson away from the Mavericks, but it’s still not clear that team president Leon Rose was the best choice to run the organization, per Stefan Bondy of The New York Daily News. Rose and William Wesley were highly touted when they took over the Knicks because of their connections to the league’s top players. The results have been uninspiring, according to Bondy, as the team hasn’t landed a true star and has committed nearly $500MM in guaranteed money over the past two summers to an average roster.
Brunson’s father, Knicks assistant coach Rick Brunson, has been telling friends for months that Jalen wanted to come to New York, but there were concerns about whether the team could create enough cap space to make a competitive offer, tweets Marc Berman of The New York Post. The Brunson family has a strong connection to Rose, but Jalen wasn’t willing to sign for less than his market value.
The Knicks may have dodged a bullet when Kevin Durant and Kyrie Irving decided to sign with Brooklyn three years ago, suggests Steve Popper of Newsday. The Knicks pursued the two stars, but Popper believes they would have run into the same chaos the Nets are experiencing now.

Spurs Trade Dejounte Murray To Hawks

June 30th, 2022 at 2:39pm CST by Luke Adams

JUNE 30: The trade is official, the Hawks announced in a press release.

“The opportunity to acquire a player of Dejounte’s caliber, just entering his prime, doesn’t come along too often,” Hawks president of basketball operations Travis Schlenk said in a statement. “He has developed into one of the elite two-way guards in the league and we’re thrilled to add him to our group.”

In addition to the pieces detailed below, Atlanta also acquired big man Jock Landale from San Antonio. As Yossi Gozlan of HoopsHype tweets, in order to complete the trade before the new league year began, the Spurs needed to add a little more salary to match Gallinari’s $21.45MM incoming figure, even though it’s not fully guaranteed.

According to Kirschner (Twitter link), it’s not clear yet whether the Hawks plan to keep Landale, whose minimum-salary contract for 2022/23 isn’t fully guaranteed.

JUNE 29: The Spurs have reached an agreement to trade guard Dejounte Murray to the Hawks for a package that includes Danilo Gallinari and multiple first-round picks, reports Adrian Wojnarowski of ESPN (Twitter link). San Antonio will receive three first-rounders and a draft swap, tweets Shams Charania of The Athletic.

According to Wojnarowski and Chris Kirschner of The Athletic (Twitter links), the three picks going to the Spurs will be Charlotte’s 2023 first-rounder (top-16 protected) and the Hawks’ own 2025 and 2027 first-rounders. San Antonio will also have the right to swap first-round selections with Atlanta in 2026.

Those 2025 and 2027 picks – along with the 2026 swap – will be unprotected, tweets John Hollinger of The Athletic.

Marc Stein first reported (via Twitter) that momentum was building toward a Murray trade, noting that the Knicks and Timberwolves were also among the guard’s known suitors. Atlanta has been the team most frequently linked to Murray though, having reportedly explored deals for him dating back to February’s trade deadline.

The deal represents a major backcourt upgrade for the Hawks, who will add an All-Star – and one of the league’s best perimeter defenders – to complement All-NBA guard Trae Young without giving up any players from their projected 2022/23 roster.

It’s not clear if trade candidate John Collins will still be in Atlanta when the ’22/23 season begins, but he’s not part of this deal after having being included in earlier Murray-related rumors.

Murray enjoyed a breakout season in 2021/22, averaging 21.1 PPG, 9.2 APG, 8.3 RPG, and a league-leading 2.0 SPG with a shooting line of .462/.327/.794 in 68 games (34.8 MPG). The 25-year-old was the runner-up for the Most Improved Player award.

Murray’s ability and versatility on defense make him an ideal backcourt partner for Young, who is said to be “ecstatic” about the move, according to Chris Haynes of Yahoo Sports (Twitter link). Murray is under contract for the next two seasons and is owed just over $34MM during that time.

The Spurs’ motives for making the deal are a little less obvious than the Hawks’, since it’s not as if Murray was on an entirely different timeline than the team’s young core, but perhaps he wasn’t part of the club’s plans beyond his current contract. San Antonio’s decision to accept a package heavy on distant draft picks rather than current players signals that short-term contention probably isn’t in the cards as the front office looks toward the future.

The Hornets’ 2023 pick will be lottery-protected in 2024 and 2025 if it doesn’t convey next year, then would turn into two second-round picks if it hasn’t conveyed by that point. The Hawks’ own picks – and the 2026 swap – could be more significantly more valuable, especially if the team takes a downturn within the next few years.

Gallinari’s $21.45MM salary had only been partially guaranteed for $5MM and was set to become fully guaranteed if he remained under contract through today.

The veteran forward probably isn’t in the Spurs’ plans at that full $21.45MM figure, so the most likely outcome is that he’ll have his partial guarantee increased by another $6MM-ish in order to legally match Murray’s salary, then will be waived. Gallinari may agree to push back his salary guarantee date in order to give the teams time to complete the trade and ensure that he receives that extra money, though that’s just my speculation at this point.

Free Agent Rumors: Brunson, Oladipo, Ingles, Rockets

June 30th, 2022 at 12:55pm CST by Arthur Hill

Jalen Brunson appears ready to leave the Mavericks and sign with the Knicks for a reported $110MM over four years, but money may not be the only factor, writes Tim Cato of The Athletic. Sources tell Cato that Brunson might not be willing to re-sign with the Mavs even if they agree to match New York’s offer, which has led to pessimism in Dallas about keeping the 25-year-old guard.

Cato adds that as of Tuesday, there’s no indication that the Mavericks are considering making a larger offer to Brunson.

In the same story, Cato examines Dallas’ system for evaluating how much players are worth and explains why the team decided not to offer Brunson a four-year, $55MM extension last summer.

There’s more on the free agent market:

The Kings are expected to be one of the teams reaching out to Victor Oladipo, according to Ian Begley of SNY.tv. Injuries limited Oladipo to eight games during the regular season, but he was part of the rotation during the Heat’s playoff run. Oladipo is looking for a starting position and a salary in the $10MM range, tweets John Gambadoro of Arizona Sports 98.7.
The Grizzlies are interested in Joe Ingles, Begley adds in the same piece. Ingles is rehabbing after his season was ended by a torn ACL in late January.
Rumors have linked the Rockets to several centers in free agency, but Jonathan Feigen of The Houston Chronicle isn’t convinced that it’s a position of need. Second-year center Alperen Sengun is projected to be the starter and the team plans to use a small-ball approach, with no traditional center, for eight to 10 minutes per game. Feigen notes that the Rockets want to be careful with their cap space beyond this season and suggests they may not make a large offer to a free agent this year.

Hawks Rumors: Murray, Durant, Collins, Hunter

June 30th, 2022 at 10:46am CST by Arthur Hill

The Hawks‘ trade for Dejounte Murray was the result of pressure from ownership to improve the roster before Trae Young‘s super-max extension takes effect next season, according to Chris Kirschner and Sam Amick of The Athletic. Murray is under contract for a combined $34.2MM over the next two years, and while the team doesn’t expect him to agree to an early extension that would limit his future earnings, there’s confidence that he will be a long-term backcourt partner for Young.

Atlanta’s front office had a “sense of confusion and disbelief” that the Spurs were willing to part with Murray, a 25-year-old All-Star with a team-friendly contract, the authors add. Sources tell them that the teams discussed a Murray deal last week, but the Spurs didn’t contact the Hawks for a long time afterward, leading to concerns on Atlanta’s side that San Antonio was reconsidering the trade or may have found a better offer.

San Antonio also discussed Murray with the Timberwolves, but Minnesota wasn’t willing to give up as much as the Hawks eventually did, Kirschner and Amick add. The Knicks were reported as a possible destination, but the authors say they never had trade talks with the Spurs about Murray.

There’s more from Atlanta:

Amid the chaos surrounding the Nets last week, the Hawks were preparing to have an offer ready in case Kevin Durant asked for a trade, according to Kirschner and Amick.
Young is “really excited” about the Murray trade, states ESPN’s Adrian Wojnarowski, who adds that Atlanta likely isn’t done reshaping its roster (Twitter link).
The Hawks are facing a shrinking market for John Collins, Michael Scotto of HoopsHype says in a podcast with Kirschner that was recorded Wednesday before the Murray trade was announced. Two potential destinations were eliminated when the Kings drafted Keegan Murray and the Trail Blazers traded for Jerami Grant. Kirschner adds that Atlanta won’t give up Collins without a decent return, so there’s a chance he won’t be traded this offseason.
Scotto and Kirschner address a number of other Hawks-related items. Atlanta may have interest in a Deandre Ayton sign-and-trade but only if it’s less than a max deal, De’Andre Hunter is considered part of the team’s core and could eventually land an extension near $20MM per season, and Delon Wright is much more likely to be re-signed than Lou Williams. Kirschner also cites potential “heat” on Nate McMillan, saying the Hawks will consider a coaching change if they don’t get off to a fast start next season.

Latest On Jalen Brunson

June 30th, 2022 at 10:04am CST by Rory Maher

JUNE 30, 10:04am: The Heat have now put out word that they never had a meeting scheduled with Brunson and won’t be meeting with him today, according to local reporters Ira Winderman, Tim Reynolds, and Anthony Chiang.

JUNE 29, 7:47pm: Point guard Jalen Brunson is scheduled to meet with the Knicks, Mavericks and Heat when free agency opens on Thursday, sources tell Chris Haynes of Yahoo Sports.

According to Haynes, the meetings will be held in New York, with the Knicks considered the strong frontrunners to land the unrestricted free agent on a four-year deal in the neighborhood of $110MM.

Mavericks owner Mark Cuban, GM Nico Harrison, and head coach Jason Kidd will attend the meeting, per Haynes, as will VP of basketball operations Michael Finley and “maybe one or two” players, sources tell veteran NBA reporter Marc Stein (Twitter link). Stein reports (via Twitter) that the Mavs are very pessimistic that they can convince Brunson to re-sign, but the 25-year-old’s camp sought out meetings with the three teams before coming to a decision.

A league source tells Stefan Bondy of The New York Daily News that the Mavericks have been unwilling to offer more than $106MM to this point, with Brunson reportedly seeking $125MM. Haynes confirms Bondy’s report, stating that Dallas has pitched a five-year, $106MM deal to Brunson, so it sounds like he might be open take a slight per-year discount ($125MM over five years vs. $110MM over four) if the Mavs are willing to go that high using his Bird Rights.

As Haynes observes, Miami’s only pathway to acquiring Brunson would be via sign-and-trade, because the team won’t have the necessary cap space to sign him outright. Such an agreement would be difficult to pull off due to sign-and-trades triggering a hard cap at the tax apron, which would limit Miami’s financial flexibility for the rest of 2022/23. That’s one reason why Haynes refers to the Heat as a “dark horse.”

Here are a couple more notes on Brunson’s free agency:

“At least one high-ranking member of the Knicks” views Brunson as a top-10 point guard in the NBA, Bondy reports. Given the huge offer the Knicks are reportedly willing to extend, it makes sense that Brunson has fans in high places within the organization.
In an appearance on “NBA Today,” ESPN’s Bobby Marks (video link) details why a sign-and-trade between the Mavericks and Knicks might make sense for both teams, assuming Brunson winds up with New York.

Atlantic Rumors: Knicks, Barrett, Harris, DiVincenzo

June 30th, 2022 at 9:54am CST by Arthur Hill

With the Knicks expecting to re-sign Mitchell Robinson, the next focus will be on finding a back-up center, writes Ian Begley of SNY.tv. There’s an opening with Nerlens Noel headed to the Pistons in a salary dump trade.

New York has expressed interest in several free agent centers, sources tell Begley. He adds that the team plans to convert two-way player Jericho Sims to a standard contract and may re-sign Taj Gibson if he’s needed for depth.

Isaiah Hartenstein could be under consideration, tweets Jake Fischer of Bleacher Report, although several teams have interest in the Clippers center. The Knicks will aggressively pursue Hartenstein, Begley adds in a separate story, and may have interest in Andre Drummond as well.

There’s more from the Atlantic Division:

Fischer cites “mutual interest” in an extension agreement between the Knicks and RJ Barrett (Twitter link from Jonathan Macri of Knicks Film School). The 22-year-old swingman was the team’s second-leading scorer this season at 20.0 points per game.
The Sixers haven’t given up efforts to trade Tobias Harris, according to Brian Windhorst of ESPN (Twitter link from Talkin’ NBA). Windhorst expects the team to shake up its roster to find players who fit better alongside Joel Embiid and James Harden.
The Raptors could have interest in Donte DiVincenzo, who is unrestricted after not receiving a qualifying offer from the Kings, tweets Michael Grange of Sportsnet.ca. Grange says Toronto would have pursued Pat Connaughton if he hadn’t decided to exercise his player option with Milwaukee, adding that DiVincenzo is younger and better suited for a playmaking role.

Knicks Among Teams To Inquire On Dejounte Murray

June 29th, 2022 at 2:14pm CST by Luke Adams

The Knicks are among the teams to inquire on Dejounte Murray and express interest in the Spurs‘ All-Star guard, reports Ian Begley of SNY.tv.

Marc Stein previously reported of a belief that the Knicks could try to make a run at Murray, while Jake Fischer of Bleacher Report stated that league personnel began to mention Murray on Tuesday as New York’s next possible target.

The Knicks are still considered the strong frontrunners to sign Jalen Brunson in free agency, so the idea would be to acquire Murray in addition to Brunson, rather than in place of him. As Begley explains, some members of the organization are concerned about what a backcourt duo of Brunson and Evan Fournier would look like on defense and have discussed the potential fit of Brunson and Fournier.

While Murray’s defensive ability would make him a strong match alongside Brunson on that end of the court, it’s worth noting that he was the lead ball-handler in San Antonio this past season, with his usage rate increasing to a career-high 27.3%. As Fischer wrote earlier today, the Knicks are reportedly pitching Brunson on running the show in New York after he spent four years sharing point guard duties with Luka Doncic, so acquiring Murray may be at odds with that plan.

The Spurs are said to be seeking at least three or four first-round picks in any deal involving Murray, and the Knicks are well positioned to offer draft assets. New York has all of its own future first-round selections, plus protected 2023 first-rounders from Detroit, Washington, and Dallas, as well as a protected 2025 first-rounder from Milwaukee.

The Hawks have been the team most frequently linked to Murray as of late, while the Wizards are also reportedly among the clubs to inquire.

Magic Aren’t Expected To Tender QO To Bamba

June 29th, 2022 at 12:14pm CST by Arthur Hill

It appears the Magic will let Mo Bamba become an unrestricted free agent, writes Khobi Price of The Orlando Sentinel.

A source tells Price that the team isn’t expected to submit a qualifying offer to Bamba before today’s deadline. That would make the fourth-year center unrestricted and take away the Magic’s opportunity to match any offer he receives in free agency.

Bamba’s qualifying offer would be $10.1MM and it would provide him with the option of signing it and returning to the Magic next season. He has been with Orlando since being selected with the sixth pick in the 2018 draft.

The team remains interested in keeping Bamba when free agency begins, Price adds, but presumably at a lower figure. A sign-and-trade deal also remains a possibility.

Several teams are expected to pursue Bamba on the free agent market, with a source telling Price that the Raptors, Knicks, Lakers, Bulls, Rockets, Heat and Timberwolves have all shown interest.

Bamba is coming off his best NBA season, posting career highs with 10.6 points, 8.1 rebounds, 1.7 blocks and 1.2 assists per game. He became a full-time starter for the first time in his career, starting 69 of the 71 games that he played.

Knicks Rumors: Robinson, Fournier, Reddish, Randle, Murray

June 29th, 2022 at 8:25am CST by Luke Adams

After Marc Stein reported last week that there were “strong rumblings” about the Knicks‘ plan to sign center Mitchell Robinson to a new multiyear contract, Jake Fischer of Bleacher Report follows up on that story today, confirming Stein’s report.

According to Fischer, there’s a belief that Robinson will receive a new four-year deal from the Knicks that approaches $60MM in total earnings. It’s unclear whether that amount would be fully guaranteed or would include incentives, but it would be a nice payday for a four-year veteran who has been earning the minimum salary since entering the NBA.

Because he was on a minimum-salary contract, Robinson has a minuscule cap hold, allowing the Knicks to keep it on their books without compromising their newly-created cap room. New York have the ability to use up that cap room – likely to sign Jalen Brunson – and then go over the cap to re-sign Robinson using his Bird rights.

Here’s more on the Knicks:

Despite having agreed to move Kemba Walker, Alec Burks, and Nerlens Noel, the Knicks may not be done making trades. They’re still gauging the market for Evan Fournier and Cam Reddish, according to Fischer.
Meanwhile, Fred Katz of The Athletic said in the latest episode of Seth Partnow’s Callin Shots podcast that the Knicks have also gauged Julius Randle‘s value on the trade market, though Katz doesn’t expect the veteran forward to be on the move this summer, as R.P. Salao of ClutchPoints.com relays.
Marc Stein writes in his latest Substack article that even if the Knicks land Brunson, there’s a belief they could try to make a run at Spurs guard Dejounte Murray or another player of Murray’s caliber using their collection of draft assets. Fischer agrees, suggesting that Murray began to be mentioned by league personnel on Tuesday as New York’s next target. However, Fischer notes that would seem at odds with the Knicks’ pitch to Brunson that he’d have the opportunity to run the show at point guard.