Newsstand

Heat Open To Exploring Norman Powell Extension

Norman Powell will likely open the 2025/26 season on an expiring contract, but the Heat are open to the idea of extending the veteran wing if the start of the season goes well, a source tells Barry Jackson of The Miami Herald.

The Heat acquired Powell in July from the Clippers in a three-team trade that sent Kyle Anderson and Kevin Love from Miami to Utah. While the move helped push the Heat into luxury tax territory (they later got out of the tax by trading Haywood Highsmith), the outgoing package was a modest price to pay for a talented offensive player coming off arguably the best season of his career.

In 60 games (all starts) for the Clippers in 2024/25, Powell averaged 21.8 points, 3.2 rebounds, and 2.1 assists in 32.6 minutes per night, with a shooting line of .484/.418/.804. He set career highs in points and minutes per contest, as well as three-pointers made (3.0 per game; 179 in total).

Powell, 32, will make about $20.5MM this season in the final season of the five-year, $90MM contract he signed with Portland as a free agent during the summer of 2021. He’s eligible to sign an extension at any point between now and June 30 — if he doesn’t complete a new deal by that time, he’ll reach unrestricted free agency next offseason.

The Heat’s salary cap situation going forward isn’t too bad, with nearly $35MM for Terry Rozier and Simone Fontecchio set to come off the books at the end of the 2025/26 season. However, Miami will also need to figure out whether Tyler Herro (UFA in 2027) and Andrew Wiggins (player option for 2026/27) are part of the long-term plans — and if so, at what price.

Given that Powell has yet to suit up for the Heat, it makes sense that the front office would prefer to wait until after the season begins to assess his fit and perhaps to get a clearer sense of what the team’s future cap situation will look like (Herro will be able to sign an extension between October 1 and the start of the regular season).

Nets Still Operating Below Minimum Salary Floor

Even after officially re-signing Cam Thomas, Day’Ron Sharpe, and Ziaire Williams, the Nets are still operating slightly below the minimum salary floor, as Bobby Marks of ESPN tweets.

While the exact terms of Williams’ new deal haven’t been confirmed, it sounds like it will be identical to Sharpe’s contract, which includes a cap hit of $6.25MM for 2025/26. That would increase Brooklyn’s team salary to about $138.53MM — this season’s minimum salary floor is $139.18MM, and Marks confirms that the Nets are roughly $649K below the floor.

As we detail in our glossary entry, the minimum salary floor comes in each season at 90% of the salary cap. In the past, a team was required to reach that threshold by the end of the regular season — if it didn’t get there, it was simply required to make up the shortfall by paying the difference to its players.

However, under the current Collective Bargaining Agreement, teams must reach the minimum salary floor by the start of the regular season. A team whose salary is below the minimum floor at the start of the season won’t receive a share of the end-of-season luxury tax payouts and will have a portion of its cap room (the amount between its team salary and the minimum floor) frozen.

Last season’s end-of-season payout to non-taxpayers was approximately $11.5MM per team. While there’s no guarantee the 2025/26 payout will be quite that high, it’s safe to assume the Nets won’t simply give up that money, so we can count on them making a move to reach the salary floor by the start of the season.

However, it won’t necessarily be as simple as signing a player to a minimum-salary contract. Four of the 18 players on Brooklyn’s current roster are either on non-guaranteed deals or have small partial guarantees — the Nets will have to set a 15-man roster for the regular season, and if they end up waiving two or three of those players on non-guaranteed contracts, it would further reduce their overall salary, moving the club further away from the minimum floor.

For instance, if the Nets were to cut Tyrese Martin, Drew Timme, and Keon Johnson, it would remove approximately $6.23MM from their books, moving the team about $6.87MM below the minimum salary floor.

If the Nets opt to waive a player or two with a guaranteed salary and keep more of their non-guaranteed contracts, the gap between their team salary and the minimum floor wouldn’t be as significant, but it still may require a free agent signing above the minimum to reach the floor.

While a free agent signing is a possibility, it’s probably more of a last resort, since it would make more sense for Brooklyn to continue using its leftover cap room on the trade market to take on unwanted salary attached to draft assets. The Nets have already taken that route this offseason in deals for Michael Porter Jr. (who was sent to Brooklyn with an unprotected 2032 first-round pick), Terance Mann (with this year’s No. 22 overall pick), and Haywood Highsmith (with a 2032 second-rounder).

The Nets still have $16.1MM in cap room remaining and could further increase that figure by waiving one or more of their players on non-guaranteed salaries.

Ben Simmons Passed On Knicks’ Offer?

7:00 pm: The Knicks never made a formal offer to Simmons, league sources tell Ian Begley of SNY.tv (Twitter link).

The question of whether or not a “formal offer” was made can come down to semantics — it’s possible Simmons indicated he wouldn’t accept a minimum-salary offer from New York before the team ever officially put it on the table.


12:06 pm: The Knicks offered Ben Simmons a one-year contract at some point this offseason, according to NBA insider Marc Stein (Substack link), who reports that the free agent guard passed on that proposal.

Due to their proximity to a hard cap, the Knicks aren’t able to offer more than the veteran’s minimum to any free agent, so it’s safe to assume that’s what their offer to Simmons was worth. According to Stein, the former No. 1 overall pick remains hopeful of signing a contract worth more than the minimum.

Simmons, 29, was the NBA’s Rookie of the Year in 2018, made three All-Star teams from 2019-21, and was the Defensive Player of the Year runner-up in 2021. One of the NBA’s best passers and defenders earlier in his career, he signed a maximum-salary rookie scale extension in 2019 that ran from 2020-25 — he was bought out of that deal this February before signing with the Clippers for the rest of the 2024/25 season.

Multiple back surgeries have slowed Simmons in recent years and his offensive numbers have fallen off when he has been healthy enough to play. While he was never much of a shooter, the former LSU standout was more willing to attempt field goals earlier in his career. His shot attempts per 36 minutes have declined in every single one of his NBA seasons, from 13.2 in 2017/18 to 7.2 in ’24/25.

Although he accepted a rest-of-season minimum deal with the Clippers in February, Simmons seems to be struggling to come to terms with the idea that he’s now being considered a minimum-salary player, as Jake Fischer detailed in his latest Bleacher Report live stream (YouTube link). Recent reports indicated that agent Bernie Lee has parted ways with Simmons and that the three-time All-Star isn’t 100% sure he wants to continue playing.

According to Stein, the Knicks and Celtics are the teams that expressed the most significant interest in Simmons this summer. Boston would likely also be capped at a minimum-salary offer due to the team’s proximity to the tax aprons.

Sixers’ Andre Drummond, Kelly Oubre On Trade Block?

During his latest Bleacher Report live stream (YouTube link), NBA insider Jake Fischer said there have been persistent rumblings that the Sixers may be considering a salary-dump deal to give them more financial flexibility to re-sign restricted free agent Quentin Grimes.

There has been buzz all summer long about the Sixers looking to potentially move one of, if not both, Andre Drummond and/or Kelly Oubre,” Fischer said. “If they are able to find a deal for one of those two guys as we get closer to camp, that would open up some more wiggle room for Philadelphia to be able to pay Grimes a little bit more (money).”

Both Drummond ($5MM) and Oubre ($8.4MM) exercised their player options for 2025/26 and will be unrestricted free agents next offseason.

This isn’t the first time Drummond has been mentioned in trade rumors this summer — Tony Jones of The Athletic reported on June 30 that Philadelphia was trying to move the two-time All-Star center. But we haven’t heard anything else on that front until now.

Yossi Gozlan of The Third Apron (Substack link) noted a few days ago that the Sixers could potentially dip below the luxury tax line while re-signing Grimes if they traded both Drummond and Oubre. Gozlan pointed to the Nets — the lone NBA team with cap room remaining — as a potential match.

A source confirmed to Net Income of NetsDaily.com that acquiring Drummond (along with other assets) would be the type of move Brooklyn is looking for.

Oubre is also no stranger to trade rumors and makes logical sense as a player on an expiring contract who could be moved. But we haven’t seen any reports linking him to a specific team.

When our Luke Adams discussed yesterday in a Front Office article what a contract compromise might look like between Grimes and the Sixers, he floated the possibility of a four-year, $65MM deal with a partial guarantee in year four.

For what it’s worth, Grimes recently took to Instagram to post a picture of himself in a Sixers uniform, as Kyle Neubeck of PHLY Sports relays (via Twitter).

Heat In Contact With Precious Achiuwa

12:04pm: According to Jackson’s source, the Heat have not made a contract offer to Achiuwa due to their proximity to the luxury tax but expressed a possible interest in doing so in the future.

Jackson hears that Achiuwa “would welcome” a return to Miami, noting that the Nigerian big man still has a home in the area. The Heat will remain in contact with Achiuwa, who has received interest from “several other teams,” Jackson adds.


10:49am: The Heat have been engaged in ongoing discussions with free agent forward/center Precious Achiuwa, reports Ira Winderman of The South Florida Sun Sentinel (subscription required). According to Winderman, Achiuwa is one of multiple big men the team has been in touch with as it considers ways to upgrade its frontcourt rotation.

As Winderman details, Bam Adebayo has expressed a desire not to play significant minutes at the five, but Miami doesn’t have many other established options in the middle, with second-year center Kel’el Ware and rookie two-way big man Vladislav Goldin among the only alternatives. Nikola Jovic and Keshad Johnson are other frontcourt candidates for the Heat, but both are somewhat undersized for the center spot.

Reports last month indicated that the Heat were considering free agent big men, including Kai Jones and Trey Lyles. Former Heat center Thomas Bryant also remains unsigned, Winderman notes, though the club’s level of interest in him is unclear.

While Miami currently has an open spot on its projected 15-man regular season roster, adding a 15th man on a minimum-salary contract would push the team’s salary over the luxury tax line. As a result, the front office has considered the idea of waiving Terry Rozier, Winderman writes.

Buyout talks with Rozier haven’t gained any traction, Winderman clarifies, but the guard’s $26.64MM salary isn’t quite fully guaranteed — Rozier’s partial guarantee is worth $24.92MM, so waiving him would generate about $1.72MM in extra cap flexibility, which would give the Heat enough room below the tax line to replace him with a new 14th man.

According to Barry Jackson of The Miami Herald (Twitter links), the idea of cutting Rozier has been discussed “a lot” internally, but there are other pathways the Heat could take. Waiting until December, when a prorated veteran’s minimum contract would fit under the tax line, is one possibility.

Miami could also temporarily exceed the tax line by signing a 15th man now, then duck back below the tax by waiving Rozier on or before January 7, since his partial guarantee won’t increase at all by then. However, as Winderman points out, if Rozier were to suffer a season-ending injury, the Heat would be required to pay his full salary, which would mean they’d need to find another way to get out of tax territory.

Achiuwa, who will turn 26 later this month, began his career with the Heat as the No. 20 overall pick in 2020. He was sent to the Raptors as part of the Kyle Lowry sign-and-trade during the 2021 offseason and has spent the past season-and-a-half with the Knicks after being traded from Toronto to New York along with OG Anunoby in December 2023.

Achiuwa is a bit undersized for a center and isn’t a threat as an outside shooter, but he’s an athletic, high-energy player who rebounds well and is a versatile, switchable defender. In 57 games in 2024/25, he averaged 6.6 points, 5.6 rebounds, and 1.0 assists in 20.5 minutes per contest, with a .502/.278/.594 shooting line.

Nets Officially Re-Sign Ziaire Williams

10:30 am: As we speculated below, the Nets did in fact increase Williams’ two-year deal to $12.5MM, confirms Michael Scotto of HoopsHype (Twitter link). The contract still features a second-year team option.


9:54 am: Over two months after their agreement was first reported, the Nets have officially finalized their deal with free agent swingman Ziaire Williams, the team confirmed today (Twitter link via Erik Slater of Clutch Points).

While the Nets didn’t provide any details on the contract besides referring to it as a “multiyear” arrangement, reporting on June 30 indicated that Williams would be signing a two-year, $12MM deal, with a second-year team option.

For what it’s worth, Nets big man Day’Ron Sharpe reportedly agreed to the same terms, and when he officially re-signed last week, the total value of his contract was bumped slightly from $12MM to $12.5MM. It’s possible Brooklyn will do the same for Williams.

A former No. 10 overall pick who was acquired from Memphis in a trade during the 2024 offseason, Williams averaged 10.0 points and 4.6 rebounds in 24.5 minutes per game across 63 outings (45 starts) for Brooklyn in 2024/25.

While his 34.1% three-point percentage wasn’t great for a wing, it was a noticeable step up from the 30.1% mark he posted in his first three NBA seasons, and he showed off impressive defensive versatility, even handling center duties in a pinch. The former Stanford standout came at No. 43 on our list of this summer’s top 50 free agents.

Assuming Williams’ first-year salary comes in around $6MM, Brooklyn will still have just over $16MM in cap space available after officially re-signing Williams, Sharpe, and Cam Thomas. The team, which will also have the $8.8MM room exception at its disposal once it uses up its room, could increase its cap space by waiving one or more players who have non-guaranteed salaries.

It’s also worth noting that a player who re-signs with his previous team on a one-year contract or a two-year deal that includes a second-year team option typically has the right to veto a trade during the following season. However, a player can agree to give up that right as part of the contract negotiation. I expect the Nets asked Williams to waive his trade veto rights, but we don’t have confirmation on that yet.

Kevin Love Reportedly Unlikely To Open Season With Jazz

On July 7, veteran forward/center Kevin Love was traded to the Jazz in the three-team deal that sent Norman Powell to the Heat and John Collins to the Clippers.

About a month later, Marc Stein of The Stein Line reported that Love was “actively exploring potential pathways out of Utah,” including a buyout. However, Stein didn’t list any possible suitors for Love, who remains on the Jazz’s roster a few weeks before training camps are set to open.

Love is on an expiring contract, which will pay him $4.15MM this season.

Within a story about the types of skill sets the Nuggets might consider targeting with their 15th standard roster spot, Bennett Durando of The Denver Post reports that Love is “widely expected to be traded or bought out by” the Jazz before the 2025/26 season begins, and when that happens, he’s likely to land with a contending team.

That doesn’t mean Love will end up in Denver; Durando makes it clear he’s just floating an idea. But it’s interesting — albeit unsurprising — that Love is reportedly unlikely to stick with the Jazz, who had the worst record in the NBA last season (17-65).

Forward depth may not be Denver’s highest priority, but Durando notes that reserves Peyton Watson, DaRon Holmes II, Zeke Nnaji and Hunter Tyson are all young and relatively inexperienced. Perhaps most importantly, Watson is the only player of the group who has shown he can be a rotation regular to this point.

Love, meanwhile, turned 37 years old today (happy birthday) and is entering his 18th NBA season after being selected fifth overall in the 2008 draft. The five-time All-Star hasn’t played much the past few years, largely serving as a veteran mentor in Cleveland and Miami, though he did finish runner-up for Sixth Man of the Year in 2021/22.

Durando also points out the Love has a longstanding relationship with head coach David Adelman, who was an assistant for part of Love’s tenure in Minnesota.

For what it’s worth, Durando says point-of-attack defense and point guard depth are the other two areas the Nuggets might want to address at some point. As our Luke Adams noted in his Offseason Check-In, Denver has been a taxpayer for three straight years and is operating just over the luxury tax threshold, so the team may be motivated to finish the season below the tax — an important first step toward resetting the repeater clock.

Dylan Harper Undergoes Thumb Surgery, Hopeful For Opener

The Spurs‘ No. 2 pick in the 2025 draft, Dylan Harper, underwent surgery on Friday, reports Shams Charania for ESPN (via Twitter). The procedure addressed a partially torn ligament in the guard’s left thumb.

The hope is that the surgery will allow Harper to return in time for San Antonio’s October 22 season opener against the Mavericks. However, it will prevent the rookie point guard from participating in training camp, a crucial development step for any young player.

According to Jeff McDonald of the San Antonio Express-News, Harper sustained the injury during an offseason workout in the Spurs’ practice facility on Wednesday. Team sources suggest Harper is considered unlikely to play during San Antonio’s preseason, McDonald adds.

The highly touted guard was expected to come off the bench behind De’Aaron Fox to start the season. If Harper is forced to miss regular-season time, the team will have to rely on its guard rotation of Jordan McLaughlin and reigning Rookie of the Year Stephon Castle to handle backup point guard duties (Castle also figures to start alongside Fox).

Thomas Sorber Diagnosed With Torn ACL, Will Miss Season

Thunder rookie Thomas Sorber has been diagnosed with a torn ACL in his right knee, which he sustained during an offseason workout on Thursday, reports Marc Stein of The Stein Line (Twitter link). The team announced in a press release that Sorber will miss the entire 2025/26 season while he recovers from the injury.

Sorber averaged 14.5 points, 8.5 rebounds, 2.4 assists, 1.5 steals and 2.0 blocks per game during his one-and-done season at Georgetown before a left foot injury that required surgery caused him to miss the latter part of 2024/25.

The Thunder selected Sorber 15th overall in the 2025 draft. The big man will become the second straight Oklahoma City first-round pick to miss his rookie year, after last season’s 12th overall pick, Nikola Topic, missed his debut season with an ACL injury of his own.

With the Thunder’s extensions for Shai Gilgeous-Alexander, Chet Holmgren, and Jalen Williams signed, Sorber was expected to play a part in determining the future of the big man rotation and Isaiah Hartenstein‘s long-term status with the team.

The Thunder will now have to wait another season to see what he can provide them on the floor, though they have plenty of on-court insurance this season in Hartenstein and Jaylin Williams.

Clippers Owner Denies Any Wrongdoing In Kawhi Leonard’s Deal With Aspiration

Clippers owner Steve Ballmer explained the origins of Kawhi Leonard‘s endorsement deal with Aspiration during an interview with Ramona Shelburne of ESPN Thursday night on SportsCenter, but he denied that the team did anything inappropriate to circumvent the salary cap.

During the 16-minute interview, Ballmer said the company asked him to provide an introduction to Leonard, which he did in November 2021, shortly after Leonard agreed to a four-year, $176MM contract with the team. Ballmer added that he didn’t have any knowledge of the terms of the endorsement contract that Leonard eventually signed and stated that he had no further role in that process.

Two months before that introduction, Aspiration reached a $300MM deal with the Clippers that included sponsorship in their new arena and a jersey patch. Ballmer told Shelburne that Aspiration was hoping to acquire naming rights for the arena and offered more money than Intuit, which was ultimately chosen.

“We were done. We were done with Kawhi, we were done with Aspiration. The deals were all locked and loaded,” Ballmer said. “Then, they did request to be introduced to Kawhi, and under the rules, we can introduce our sponsors to our athletes. We just can’t be involved.”

Ballmer also detailed his involvement in a Department of Justice investigation into Aspiration, which filed for bankruptcy in March. Its list of creditors includes KL2 Aspire LLC, with Leonard named as the manager or member. The company owed $7MM to KL2 Aspire LLC.

Aspiration co-founder Joe Sanberg pleaded guilty in August to two counts of wire fraud for defrauding investors and lenders of more than $248 million.

“We even found the email that makes the first introduction. It was early November,” Ballmer said. “The introduction got made and then they were off to the races on, on their own. We weren’t involved. I eventually learned that they had reached a deal. I have no idea what the deal was.”

Ballmer added that he has no further knowledge of the arrangement between Leonard and Aspiration, which was brought to light in a report by Pablo Torre earlier this week claiming that it was a “no-show” deal and Leonard didn’t actually perform any services for the company.

“These were guys who committed fraud. Look, they conned me. They conned me,” Ballmer said. “I made an investment in these guys thinking it was on the up-and-up, and they conned me at this stage. I have no ability to predict why they might have done anything they did, let alone the specific contract with Kawhi.”

Shelburne points out that there have been numerous allegations about Leonard’s dealings with the Clippers since he joined the team as a free agent in 2019. The NBA conducted an investigation into charges that he and his uncle, Dennis Robertson, made improper requests while negotiating with teams that summer. Those requests reportedly included part ownership of the team, use of a private plane, a house and guaranteed endorsement deals.

Shelburne adds that the Clippers were cleared of any wrongdoing, but the league indicated that it was willing to reopen the investigation if any new information came to light.

“They know the rules,” Ballmer said. “They meaning Kawhi and his representatives, including his uncle. We know the rules. And if anything’s not clear, we remind ourselves what the rules are and we make absolutely clear we’re going to abide by those rules and they understand them as well. And it’s important for them to abide by them, which they have.”

Ballmer also stated that he hasn’t talked to Leonard about Torre’s accusations and he doesn’t plan to, per Law Murray of The Athletic.

“It’s really his business with Aspiration,” Ballmer said. “So I wouldn’t ask about it, no.”

The NBA has opened an investigation into the Clippers’ and Leonard’s dealings with Aspiration, and Ballmer suggested that he welcomes the probe, telling Shelburne that if a similar story had surfaced about another team and its star player, he’d want the league to “investigate (and) take it seriously.”