- New Thunder center Isaiah Hartenstein is impressed by how the team has methodically been built into a potential powerhouse in the Western Conference, according to Joel Lorenzi of The Oklahoman. “I think they were doing it the right way,” said Hartenstein, who left the Knicks and signed a three-year, $87MM contract with OKC. “I feel like they weren’t trying to rush steps. I think every year you kind of saw them take the next step. I think every time you see them go on the court, there’s a certain competitiveness always to them. They’re very excited for each other, and I think in the NBA you don’t have that a lot where no matter who’s doing good, the whole team is excited for each other.”
- The Thunder‘s additions of Hartenstein and Alex Caruso should benefit Chet Holmgren, Rylan Stiles of Sports Illustated opines. Holmgren will have more freedom to show off his passing and play-making skills. It also opens up opportunities for Holmgren to play alongside another big man.
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.
The Knicks‘ blockbuster trade with the Nets to acquire Mikal Bridges stunned his former Villanova teammates Jalen Brunson and Josh Hart, as Bradley Locker of The New York Post relays.
“I never thought it would happen,” Brunson said on the Roommates Show podcast he co-hosts with Hart. “When’s the last time the Nets made a trade with the Knicks?”
Hart answered Brunson’s question — 1983 — and elaborated on his own skepticism of a deal coming together.
“You don’t think it’s really going to happen, but you’re like, ‘You know what? Let me just go mess with ‘kal,’” Hart said, referring to postgame discussions in matchups between the Knicks and Nets. “Because that’s my guy.”
Here’s more on the NBA’s two New York-based teams:
- Isaiah Hartenstein left the Knicks to join the Thunder in part because he believes he’ll have an opportunity to broaden his game, “especially offensively,” writes Stefan Bondy of The New York Post. “If you’re an NBA player, you have to adapt to certain roles. And that’s what I did in New York,” Hartenstein said. “My passing only came out in the last year. My first year, I had to adapt to a certain role. So I feel like I can get back to that shooting aspect. Before, I was shooting, so I want to get back to that even more.” Hartenstein’s front-loaded three-year contract with Oklahoma City became official on Saturday. It will guarantee him $58.5MM over the next two seasons, with a third-year team option.
- On the same Roommates Show podcast, Hart and Brunson expressed frustration that the Knicks were only able to offer Hartenstein a four-year, $72.5MM contract because he only had Early Bird rights, per Steve Popper of Newsday (subscriber link). “I feel like in those situations, you shouldn’t be restricted on what you can sign your own guys for,” Hart said of Hartenstein. “Especially, like, he signed a two-year, $16 [million contract], he played well for you guys, under your coaches, your system. Then you should be rewarded in helping develop that guy and should be able to offer him whatever. You guys did really good, he played well. [But] let’s slow down, you can only offer him this? That’s idiotic.”
- New head coach Jordi Fernandez will have his work cut out for him with the rebuilding Nets, according to Evan Barnes of Newsday (subscription required). Although there may be less pressure on Fernandez in some ways since Brooklyn will likely be a lottery team in 2024/25, trying to get buy-in from veterans on the trade block while developing the team’s young players will be a difficult balance to strike, Barnes observes.
- The Nets are hiring Dutch Gaitley as an assistant coach, a source tells Net Income of NetsDaily.com (Twitter link). Gaitley, who previously spent four years with Charlotte, worked with Fernandez the past two years in Sacramento as the Kings‘ director of player development.
The Thunder have signed first-round picks Nikola Topic and Dillon Jones to rookie scale contracts, the team announced in a press release. Second-round selection Ajay Mitchell inked a two-way deal.
Chosen with the 12th pick, Topic was originally viewed as a potential top-five selection, but a partially torn ACL caused his draft stock to tumble. The 6’6″ point guard averaged 15.1 points, 5.9 assists and 3.2 rebounds for Crvena Zvezda this year in the Adriatic League. He’s not expected to play next season, giving the injury plenty of time to heal.
Jones, the 26th overall pick, was acquired from New York in a draft night trade. The 6’5″ small forward out of Weber State led the Big Sky Conference in scoring this season at 20.8 PPG, while adding 9.8 rebounds, 5.2 assists and 2.0 steals per night. He was a finalist for the Julius Erving Small Forward of the Year Award.
Mitchell, a 6’4″ shooting guard out of UC Santa Barbara, was the 38th pick in the draft. He averaged 20.0 points, 4.0 rebounds, 4.0 assists and 1.2 steals this season and was a First Team All-Big West selection the past two years.
Assuming they both got the maximum rookie contract they were eligible to receive, Topic will earn about $4.9MM in his first season and $23MM across four years, while Jones will be paid $2.6MM as a rookie and $13.5MM on his four-year deal. Oklahoma City will have third- and fourth-year team options on both players.
JULY 6: The Bulls have officially re-signed Williams, the team confirmed today in a press release.
JUNE 29: Free agent forward Patrick Williams will re-sign with the Bulls for $90MM over five years, according to Shams Charania of The Athletic (Twitter link). The fifth season will be a player option, tweets Jamal Collier of ESPN.
Williams, 22, was expected to be a cornerstone of the franchise when Chicago selected him with the fourth pick in the 2020 draft. He hasn’t lived up to that billing due to injuries and inconsistent play, but executive Arturas Karnisovas decided to make keeping him a priority as part of his effort to build a younger and more athletic roster.
Williams received a $12.97MM qualifying offer this week, making him a restricted free agent. That means the Bulls could have matched any offer he received, but they opted to bypass that possibility by negotiating a new deal before free agency begins Sunday evening.
A stress reaction in Williams’ left foot cut short his season and forced him to undergo surgery in February. He averaged 10.0 points, 3.9 rebounds and 1.5 assists in 43 games, but he wasn’t able to play after January 25.
A report this week indicated that the Bulls were optimistic about their chances of working out a new contract with Williams. The Thunder were believed to be among the teams that had interest in pursuing him.
Williams will get a healthy raise after earning $9.8MM this season in the final year of his rookie contract. When he and the Bulls discussed a possible rookie scale extension last fall, the forward turned down a four-year, $64MM offer and was believed to be seeking something closer to De’Andre Hunter‘s contract (four years, $90MM), per K.C. Johnson of NBC Sports Chicago. This new deal represents a compromise for the two sides.
JULY 6: With the July moratorium over, the Thunder have officially signed Hartenstein, the team confirmed in a press release.
JULY 1: Free agent center Isaiah Hartenstein is headed back west, according to Shams Charania of The Athletic, who reports (via Twitter) that Hartenstein and the Thunder are in agreement on a three-year contract worth $87MM.
Hartenstein, who began his NBA career in Houston in 2018 and had a breakout year with the Clippers in 2021/22, has spent the past two seasons in New York, primarily serving as Mitchell Robinson‘s backup at the five. However, when Robinson went down with an ankle injury midway through the ’23/24 season, Hartenstein entered the starting lineup and acquitted himself extremely well.
In 75 regular season games (49 starts), Hartenstein averaged 7.8 points, 8.3 rebounds, 2.5 assists, 1.2 steals, and 1.1 blocks in 25.3 minutes per contest, making 64.4% of his shots from the floor and playing solid defense. He continued to start for the Knicks in the playoffs, where he registered 8.5 PPG, 7.8 RPG, and 3.5 APG in 29.8 MPG.
Although the Knicks wanted to retain Hartenstein, they were limited to a maximum offer of approximately $72.5MM over four years, since they only held his Early Bird rights, which allowed for a raise of up to 75% on his $9.25MM cap hit from 2023/24.
New York put that offer on the table for the 26-year-old, Ian Begley of SNY.tv confirms (via Twitter). The Thunder blew it out of the water by comfortably exceeding the total value of the Knicks’ best offer across just three years instead of four, though Stefan Bondy of The New York Post (Twitter link) hears that the frontloaded contract won’t be guaranteed in the final season.
Rookie of the Year runner-up Chet Holmgren was the Thunder’s starting center last season and excelled in that role. However, Holmgren lacks the bulk to match up physically with some of the NBA’s bigger centers, and Oklahoma City was among the worst-performing teams on the boards, ranking 28th in rebounding percentage (48.4%).
Hartenstein will help out in both areas while also giving the Thunder another rim protector and a talented frontcourt passer. On top of that, he’ll be a crucial insurance policy at the five in the event of an injury. While Holmgren didn’t miss a game in 2023/24, he sat out his entire rookie season in ’22/23 due to foot surgery.
Their deal with Hartenstein is the latest move in an impressive offseason for the Thunder, who kicked off their summer by trading ill-fitting guard Josh Giddey to Chicago in exchange for three-and-D ace Alex Caruso. OKC will use the rest of its cap room to sign Hartenstein, then will go over the cap to complete reported long-term agreements with Isaiah Joe and Aaron Wiggins.
The Knicks, meanwhile, will be in the market for a center. Robinson and Jericho Sims remain under contract in New York, but with Hartenstein gone and Precious Achiuwa in unrestricted free agency, the team will need to add at least one big man.
Magic big man Goga Bitadze has been mentioned as a possible target for the Knicks, but Begley (Twitter video link) hears that Bitadze has an offer on the table from Orlando that New York likely won’t be able to top. The Magic had been mentioned as a possible Hartenstein suitor, so presumably they’re more likely to bring back Bitadze with Hartenstein off the board.
Kings first-round pick Devin Carter will miss both the California Classic and Las Vegas Summer Leagues due to a left shoulder injury, writes Jason Anderson of The Sacramento Bee (subscription required).
General manager Monte McNair acknowledged after drafting Carter last week that the former Providence guard was dealing with a shoulder ailment and said the Kings’ doctors would be taking a closer look at it. While the injury will keep Carter out of action this month, McNair expressed confidence that it’s “not a long-term issue.”
The No. 13 overall pick told The Sacramento Bee that he suffered the injury in a pre-draft workout. Asked if he’s feeling pain or discomfort, Carter replied, “I’m feeling fine. I just want to get the team doctor’s opinion and go from there.”
Here’s more from around the Western Conference:
- Within a story grading the Suns‘ re-signing of Damion Lee, Gerald Bourguet of PHNX Sports says the team remains interested in bringing back Josh Okogie on a new deal worth more than the minimum. Phoenix currently has just one open spot on its 15-man roster, but Bourguet hears from a source that waiving a player like David Roddy or Nassir Little might be a possibility if Okogie is re-signed and another top free agent target (possibly Kyle Lowry) is available. I’d be pretty shocked if the Suns cut Little, who has three guaranteed years left on his contract, but Roddy isn’t owed any guaranteed money beyond this season.
- Spurs second-round pick Juan Nunez appears unlikely to sign an NBA contract immediately. A report from Spanish outlet Encestando (hat tip to Sportando) suggests Nunez is on track to join Barcelona on a deal that will give him the option to leave for the NBA next summer. The Spanish point guard was the No. 36 selection in last week’s draft.
- In a pair of stories for The Oklahoman, Joel Lorenzi explores Isaiah Hartenstein‘s fit in Oklahoma City and examines what the Thunder‘s roster will look like after trading for Alex Caruso and adding Hartenstein in free agency. Lorenzi, who is projecting Caruso to start and Hartenstein to come off the bench, suggests the veteran center’s play-making and screening will help make the offense more versatile, which the Thunder could’ve used in this year’s playoffs.
- The Lauri Markkanen trade rumors are a reflection of the Jazz‘s awkward current position, according to Andy Larsen of The Salt Lake Tribune (subscription required). As Larsen details, if they hang onto Markkanen, the Jazz risk winning too many games next season to have a legitimate shot at landing a future star in the 2025 draft; but there are no guarantees they’ll be able to draft that future star even if they do trade him, and going that route would further delay their timeline for contending.
Several authors — including Anthony Slater of The Athletic, Sam Amick of The Athletic, and Ramona Shelburne and Kendra Andrews of ESPN — have written recent stories about Klay Thompson‘s departure from the Warriors, with various sourced details from within the organization and those close to Thompson.
All three stories indicate there have been multiple incidents from both sides over the years that “splintered” the relationship, but perhaps most importantly was majority owner Joe Lacob spearheading a “cold, mostly uncommunicative approach to Thompson’s next contract in his three summers of extension eligibility,” a source tell Slater. While that may have been a common negotiating tactic for Lacob with key Warriors stakeholders over the years, the 34-year-old swingman “operates on his own wavelength,” as Slater writes.
According to Shelburne and Andrews, Thompson was “miserable” over the past year-plus for several reasons, including disappointing contract negotiations and a perceived disrespect that the Warriors had chosen to extend or re-sign players like Andrew Wiggins, Jordan Poole and Draymond Green but were unwilling to give him long-term security. It was also difficult for Thompson to reconcile with the fact that he was no longer physically able to be the same player after a pair of major injuries — a torn ACL and a torn Achilles tendon — cost him two-and-a-half seasons.
Thompson’s discontent was palpable throughout the 2023/24 season, which saw him benched at one point before he reclaimed his starting job to close the campaign. Sources tell ESPN that Thompson’s actions exasperated “even his loyalists in the locker room” last season. He also had several “emotional meetings” with head coach Steve Kerr, who said after the season ended he wanted to bring Thompson off the bench and reduce his minutes in ’24/25, per Slater.
While it has been reported multiple times that the Warriors offered Thompson a two-year extension worth around $48MM last offseason, the team’s front office evidently did not keep that offer on the table during the season. According to ESPN’s duo, Thompson’s agents put “at least four” contract proposals on the table and each were declined, with the team saying it wanted to wait. The final offer came in at about $40MM over two seasons, per Shelburne and Andrews. The Warriors never made counteroffers, according to Amick.
Sources tell Slater that Thompson asked Stephen Curry not to put pressure on the front office and ownership to bring his longtime backcourt partner back, as Thompson wanted the team’s interest to come organically. ESPN’s authors hear that Thompson also spoke to Kerr and Green and told them similarly.
According to Slater, once it became clear that re-signing Thompson wasn’t a top priority for the Warriors and that they wanted him to be patient as they attended to other business, Thompson’s decision became “easy.” Thompson never received a formal offer from Golden State in free agency, but several sources tell Slater the 34-year-old unofficially decided to leave weeks prior.
Being heavily scrutinized in a large market weighed on Thompson, and he was looking for a “fresh start” with a new organization. He “loved watching” the Mavericks‘ run to the NBA Finals, and was also interested in playing for the Thunder and Lakers, per ESPN.
Dallas was Thompson’s top choice, both for his potential fit alongside Luka Doncic and Kyrie Irving and for being in a media environment that is a little more laid back. Thompson played with former rival Irving on Team USA in the 2016 Olympics and the two were in regular contact about the possibility of teaming up in Dallas, according to Amick, who adds that Thompson viewed the Mavs as his best chance to win a fifth championship ring.
Oklahoma City had interest in Thompson but used its cap room to sign Isaiah Hartenstein in free agency, Shelburne and Andrews note. Thompson had “positive” conversations with key Lakers stakeholders like LeBron James, J.J. Redick and Rob Pelinka, and L.A. was willing to offer him a four-year, $80MM contract as part of a sign-and-trade; however, sources tell Amick that offer was contingent on the Lakers convincing Golden State to take back D’Angelo Russell (he also could have been routed to a third team).
Ultimately, Thompson had reservations about the attention playing in Los Angeles would bring, thinking it would be too similar to the unhappy end to his tenure with Golden State, per ESPN’s authors. Despite offering less money (he’ll reportedly receive $50MM over three years in the sign-and-trade), Thompson liked the fit with the Mavs, who made him their top priority in a meeting led by GM Nico Harrison and VP of basketball operations Michael Finley, as Amick writes.
All three stories have more details on Thompson’s departure and decision to join the Mavericks and are worth reading in full.
Money talks and that’s one big reason why Isaiah Hartenstein walked away from the Knicks in free agency. It was a difficult decision for Hartenstein, Stefan Bondy of the New York Post writes, because he wanted to stay in New York.
But as a player who had earned approximately $23MM so far in his NBA career, Hartenstein couldn’t pass up on the Thunder‘s three-year, $87MM offer, which will pay him about $30MM in year one, especially given the more favorable cost of living in Oklahoma City, Bondy writes. The Knicks held the center’s Early Bird rights, limiting them to a four-year, $72.5MM offer.
We have more from the Atlantic Division:
- Celtics co-owner Steve Pagliuca suggested in a statement relayed by Adam Himmelsbach of the Boston Globe (Twitter link) that he’s not looking to divest from the team. Earlier on Monday, it was made public that the team’s majority ownership group, led by Wyc Grousbeck, intended to put the franchise up for sale. Pagliuca’s statement reads in part, “Being a co-investor and managing partner of the Celtics has been a great honor and a labor of love. I hope to be a part of the Celtics moving forward and will be a proud participant in the bidding process that has been announced today.”
- The Sixers had little choice but to pursue Paul George on the free agent market in order to keep up with the Eastern Conference contenders, Sam Amick of The Athletic opines. It was the best move available on the board, according to Amick, and keeps them alive in the chase for next year’s conference title.
- The Nets must choose among two paths in their rebuild, according to Brian Lewis of the New York Post. They could make up to four first-round picks in a loaded 2025 draft and spend $80MM in free agency in an effort to accelerate the process or they could take a longer route. In that scenario, they could trade Ben Simmons, Bojan Bogdanovic and Dennis Schröder — players that come off the cap next summer — this offseason for unwanted multiyear contracts and more picks.
The Thunder have agreed to an Exhibit 10 contract with wing Buddy Boeheim, The Athletic’s Shams Charania tweets.
Boeheim cleared waived on Monday after the Pistons cut him loose over the weekend. He had a two-way contract that ran through next season.
Boeheim, 24, appeared in 10 games for the Pistons last season, averaging 3.4 points per contest on .310/.320/.800 shooting. He appeared in 31 games for the G League Motor City Cruise, averaging 17.2 points, 4.1 rebounds and 2.0 assists while draining 43.1% of his 3-point attempts.
The son of longtime Syracuse coach Jim Boeheim also appeared in 10 games with Detroit during the 2022/23 season.
An Exhibit 10 contract is a non-guaranteed minimum-salary deal that doesn’t count against a team’s cap unless the player makes the regular season roster. It can be converted to a two-way contract before the season begins or can put a player in line to earn a bonus if he’s waived and then spends at least 60 days with his team’s G League affiliate.