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Contract Details: Gordon, Moody, Suggs, Green, Sengun, Murphy, More

October 23rd, 2024 at 7:07am CST by Luke Adams

The three-year veteran extension that Aaron Gordon signed with the Nuggets is worth $103,608,840 in total base salary, Hoops Rumors has confirmed. As expected, Gordon is getting the maximum 40% raise on his 2025/26 salary ($22,841,455), with 8% annual raises after that.

Gordon’s is also getting the maximum 40% bump (and 8% subsequent increases) on his $1.2MM in incentives for the ’25/26 season, so they’ll increase to $1.68MM in the first year of the extension and will be worth $5,443,200 in total across the three years of the deal. That means that if the Nuggets forward earns all his bonuses, he could make up to $109,052,040 over those three seasons.

The trade kicker on Gordon’s extension is for just 3%, which represents the lowest percentage of any active trade kicker around the NBA.

Here are more details on some of the contracts recently signed by players across the league:

Moses Moody‘s three-year extension with the Warriors actually has a total base value of $37.5MM, rather than the $39MM initially reported. The deal includes $1.5MM in incentives that could push the total value up to $39MM.
Jalen Suggs‘ five-year, $150MM extension with the Magic starts at $35MM in 2025/26 and has a descending structure. By the fifth year, in 2029/30, Suggs’ cap hit will be just $26.7MM.
The exact value of Jalen Green‘s three-year extension with the Rockets is $105,333,333. It starts at $33,333,333, with matching $36MM cap hits in years two and three (the third year is a player option).
Alperen Sengun‘s five-year, $185MM extension with the Rockets has an ascending structure, though it doesn’t increase by the maximum allowable 8% per year. It begins at $33,944,954 in 2025/26 and eventually gets as high as $39,036,697 in years four and five. The fifth year is a player option.
Trey Murphy‘s four-year, $112MM extension with the Pelicans begins at $25MM and increases by $2MM annually, getting up to $31MM by year four.
The new standard contract Alex Reese signed with the Thunder is a straightforward one-year, minimum-salary deal that is fully non-guaranteed. I’d be a little surprised if Reese lasts the whole season on that contract, but if he does, he’d be eligible for restricted free agency in the summer of 2025.
Alondes Williams‘ two-way contract with the Pistons is for two years. While it’s pretty rare for a player to play out a full two-year, two-way contract, Detroit could technically keep Williams on his current deal all the way through the end of the 2025/26 season.

Southeast Notes: Williams, Lee, Johnson, McClung

October 22nd, 2024 at 10:46pm CST by Dana Gauruder

The Hornets won’t have their starting center available for the season opener. Mark Williams has been ruled out while he continues to rehab a left foot injury, the team’s PR department tweets. Williams has returned to on-court activity, so he should be back in action soon.

We have more from the Southeast Division:

Hornets first-year coach Charles Lee says he’s ready to get the season started, according to Roderick Boone of the Charlotte Observer. “I feel the same way — cool and calm — and I can feel that way because I feel like we’re prepared,” said Lee, whose team opens its season at Houston on Wednesday. “I think that we talked through a lot of situations offensively, defensively. We put in a good amount of information and I think it’s going to help us be competitive in the early part of the year. As the season continues to evolve, we’ll continue to evolve and will continue to put more things in on defense and on offense. But I feel great and a lot of it is because I have a really good team and a team that’s been open-minded the whole preseason. And they’ve been consistent with their work ethic and their work habits.”
The Hawks gave Jalen Johnson a giant commitment, signing him to a five-year, $150MM rookie scale extension. General manager Landry Fields was comfortable signing Johnson to a long-term deal because of his work ethic and attitude. “He’s competitive, he works his tail off and he’s willing to do what needs to be done in order to get better. For a lot of guys, that’s not always the case. But he embodies all of that,” Fields said, per The Athletic’s Jared Weiss and John Hollinger. “When we get those types of players, we want to invest in them. So we’re happy and excited to invest in him for our future because we see a high ceiling for him.” Johnson had a breakout last season after two nondescript seasons and is thrilled to have long-term security, according to Lauren Williams of the Atlanta Journal-Constitution. “I mean, Atlanta is where I want to be,” Johnson said. “There’s nothing, no doubt about that. I feel like we’re building something really special here, and I want to be a part of it. So it meant a lot for, you know, them to want to get something done with me as well.”
After toiling in the G League last season, Mac McClung is relieved to receive a two-way contract with the Magic, he told Jason Beede of the Orlando Sentinel. “It was a special moment,” he said. “I’ve been working hard to get something like this, so it was just very special and a relief, for sure.” McClung entered camp on an Exhibit 10 deal.

Magic Sign Jalen Suggs To Five-Year Extension

October 21st, 2024 at 4:08pm CST by Luke Adams

4:08pm: Suggs’ extension with the Magic is official, according to a press release issued by the team (Twitter link).

The $150.5MM deal is fully guaranteed, with no options, according to NBA reporter Jake Fischer and The Orlando Sentinel’s Jason Beede (Twitter links).

3:37pm: The Magic have agreed to sign guard Jalen Suggs to a five-year rookie scale extension worth $150.5MM, sources tell ESPN’s Shams Charania (Twitter link).

According to Charania (via Twitter), Suggs’ agent Darren Matsubara and team officials held a series of meetings in Orlando leading up to Monday’s extension deadline in order to finalize the terms of the deal.

Suggs’ NBA career got off to a bit of a slow start after he was selected fifth overall in the 2021 draft, as he battled injuries and struggled with his shot during his first two seasons. However, he enjoyed an impressive breakout year in 2023/24, averaging a career-high 12.6 points per game with a .471/.397/.756 shooting line and earning a spot on the All-Defensive Second Team. He also showed up on Most Improved Player and Defensive Player of the Year ballots.

With Markelle Fultz no longer in the point guard picture in Orlando, Suggs will likely be given more offensive responsibilities in his fourth NBA season and is poised to improve upon his career averages of 11.5 PPG and 3.2 APG while continuing to play lock-down defense on the other side of the ball.

As we wrote multiple times earlier in the offseason, Suggs’ camp likely viewed the five-year, $131MM extension Jaden McDaniels signed last fall as a point of reference for the Magic guard’s new deal. Like Suggs, McDaniels was considered one of the NBA’s top perimeter defenders and showed off an improved three-point shot in his third season before signing his second contract.

However, Suggs has a bigger offensive role than the Timberwolves forward and was able to secure an annual salary exceeding $30MM on his extension (assuming that $150.5MM total isn’t being inflated by incentives) compared to $26.2MM per year for McDaniels.

Suggs is the second core Magic player to sign a lucrative rookie scale extension this offseason, joining teammate Franz Wagner, who got a five-year, maximum-salary contract. Paolo Banchero is the next man up — he’ll become eligible for his own rookie scale extension in 2025.

Jonathan Isaac and Wendell Carter Jr. also signed long-term veteran extensions with Orlando this offseason and are each under contract through at least 2028.

Jalen Johnson Not Trending Toward Extension?

October 20th, 2024 at 5:21pm CST by Dana Gauruder

Jalen Johnson and the Hawks are not yet trending toward a rookie scale contract extension, Marc Stein reports in his latest Substack post.

Johnson is one of a handful of prominent players from the 2021 draft who has not signed an extension. In a Front Office column earlier this month, our Luke Adams ranked Johnson No. 1 among a group of nine players who are legitimate candidates for a rookie scale extension.

Another source informed Stein that Johnson has stood out during the Hawks’ training camp and the preseason. Johnson, the No. 20 pick in 2021, averaged 16.0 points, 8.7 rebounds and 3.6 assists in his breakout 2023/24 campaign while appearing in 56 games (52 starts).

Rookie scale extensions must be reached by Monday at 6 p.m. ET. Otherwise, those players will be restricted free agents next summer.

Here’s more from Stein:

As he reported over the weekend, Quentin Grimes is a prime candidate for an extension, according to Stein, who says the Mavericks and Grimes, who was acquired from the Pistons during the offseason, are discussing a three-year deal.
Trey Murphy III and the Pelicans are also in active extension negotiations ahead of Monday’s deadline, league sources tell Stein. Murphy will miss the early portion of this season with a hamstring injury but has been highly productive when healthy. The five-year, $135MM extension signed in October 2023 by San Antonio’s Devin Vassell is a potential comparable for Murphy, Stein notes.
Reiterating a tweet from Saturday, Stein says the Magic’ Jalen Suggs is seeking a deal with an average annual value of at least $30MM.

Paolo Banchero Approaches Third Season With New Outlook

October 20th, 2024 at 10:41am CST by Arthur Hill

Coming off an All-Star season, Magic forward Paolo Banchero might be ready to reach new heights, per Jason Beede of The Orlando Sentinel. Head coach Jamahl Mosley talked about the “poise” that Banchero has displayed since camp opened, and the third-year forward agreed he’s approaching the game differently. “It’s just a certain level of comfort,” Banchero said. “After my second year, especially playing in the playoffs, it just showed me a different way that I can be effective. Combining my first two seasons and just looking back, watching so much tape over the summer, I played a lot on the ball my first two years and I learned that if I’m able to mix up playing on and off the ball — screening, flashing, posting up and just trying to not just give the defense one dose of something, just try to mix it up, pick my spots, and be a little more strategic with my approach — it makes the game a little easier.”

Magic Cut Jarrett Culver, Three Others

October 19th, 2024 at 2:36pm CST by Luke Adams

The Magic have waived four players ahead of the regular season, announcing in a press release that they’ve cut swingman Jarrett Culver, forward Jalen Slawson, and guards Alex Morales and Ethan Thompson (Twitter link).

Culver is the most notable name in the group, given that he’s a former No. 6 overall pick. However, he was out of the league last season, instead spending the year with the Rio Grande Valley Vipers in the G League. The former Texas Tech standout averaged 20.7 points, 6.7 rebounds, 3.6 assists, and 1.7 steals in 31.1 minutes per game across 45 outings for the Rockets’ G League team, posting a shooting line of .472/.362/.693.

Of the other three players, only Slawson has any NBA experience. Last year’s No. 54 pick spent his rookie season on a two-way contract with Sacramento, appearing in 12 games for the Kings.

A 6’6″ shooting guard, Morales has played for the Magic’s G League team in each of the past two years while also suiting up for Osos de Manati in Puerto Rico during the NBA offseason.

Thompson, a 6’5″ shooting guard who went undrafted out of Oregon State in 2021, has primarily played in the G League since going pro, spending time with the Windy City Bulls and Mexico City Capitanes. He also played in Puerto Rico for Osos de Manati earlier this year.

While Culver wasn’t eligible for a two-way contract due to his four years of NBA service, the other three were, so it’s notable that all three were waived instead — even after converting Mac McClung to a two-way contract, Orlando still has one two-way spot open. The team may look outside the organization to fill that opening.

Culver, Slawson, Morales, and Thompson will all be eligible for Exhibit 10 bonuses if they report to the Osceola Magic and spend at least 60 days with Orlando’s G League team.

Magic Converting Mac McClung To Two-Way Contract

October 19th, 2024 at 12:50pm CST by Luke Adams

2:18pm: McClung has been officially converted to a two-way deal, per NBA.com’s transaction log.

12:50pm: The Magic are filling one of their open two-way slots by converting Mac McClung‘s Exhibit 10 contract to a two-way deal, reports Shams Charania of ESPN (Twitter link).

A 6’2″ guard, McClung is the reigning G League Most Valuable Player and a two-time dunk contest champion. In 41 Showcase Cup and regular season games for the Osceola Magic last season, he averaged 25.5 points, 6.5 assists, and 4.6 rebounds in 35.5 minutes per contest, with an excellent shooting line of .492/.380/.846.

Despite excelling in the G League and showing off impressive athleticism in the last two dunk contests, McClung has struggled to break through at the NBA level. Since making his regular season debut nearly three years ago, he has appeared in just four NBA games — one for the Bulls in December 2021, one for the Lakers in April 2022, and two for the Sixers in April 2023.

McClung will now have a chance to suit up for the Magic this fall as one of the team’s two-way players, alongside Trevelin Queen.

Orlando still has one more two-way slot available, with Exhibit 10 camp signees Jalen Slawson, Ethan Thompson, and Alex Morales all eligible to be converted by Monday. The team could also decide to look outside the organization to fill that final two-way opening.

Kuminga, Suggs, Giddey Among Extension Candidates Seeking $30MM+ Annually

October 19th, 2024 at 10:43am CST by Tristan Tucker

The deadline for teams to sign players to rookie scale contract extensions falls on Monday and will force several clubs to make tough decisions.

The Warriors have two players under consideration for rookie scale extensions: Jonathan Kuminga and Moses Moody. As we relayed Friday evening, Moody appears more likely than Kuminga to receive an extension by Monday. Moody is in line to receive minutes at the wing spot in the wake up Klay Thompson‘s departure, and NBA insider Jake Fischer reports he could earn more than $10MM per season on his extension (Threads link).

However, Kuminga is seeking a near-max contract that would pay him north of $30MM annually. According to Fischer, the Warriors have “never seemed intent” on paying the forward that kind of money ahead of the season. That tracks with earlier reporting, which suggested that both sides are content to wait to see if Kuminga takes another step forward in 2024/25 and helps propel the team back into contention as its second- or third-best player. In that scenario, he would presumably be rewarded in restricted free agency next offseason.

Moody averaged 8.1 points and 3.0 rebounds per game last season while Kuminga broke out, averaging 16.1 PPG on 52.9% shooting from the field.

We have more on this year’s rookie scale extension candidates:

According to Fischer, Atlanta’s Jalen Johnson is facing a similar situation to Kuminga. However, there’s “far more optimism” that the Hawks and Johnson will finalize a deal worth north of $30MM each year, which is said to be the starting point for negotiations with the former Duke standout. Johnson broke out in a big way last season, jumping from 5.6 PPG and 4.0 RPG in 2022/23 to 16.0 PPG and 8.7 RPG. He’s primed to be a long-term fixture in Atlanta as one of the Hawks’ franchise cornerstones.
Magic guard Jalen Suggs is seeking an extension worth more than $30MM annually in talks with Orlando, NBA insider Marc Stein reports (Twitter link). It’s unclear whether or not Orlando is prepared to make that sort of offer, but Suggs emerged as one of the best defensive guards in the league last season, earning a spot on the All-Defensive Second Team, averaging 12.6 PPG and 1.4 SPG, improving his outside shooting to 39.7%, and helping the young Magic to a 47-win season.
Immanuel Quickley‘s five-year, $162.5MM contract with the Raptors is said to have set a benchmark for young guards across the league, Fischer says, confirming previous reporting. Bulls guard/forward Josh Giddey is also seeking at least $30MM per year on his next extension. However, the Bulls are more interested in seeing how Giddey fits with the team before committing that kind of money to him. Chicago traded Alex Caruso for Giddey in June.
The Rockets haven’t been willing to this point to approach a maximum-salary deal for either Jalen Green or Alperen Sengun, according to Fischer. We relayed Friday that the Rockets have held productive conversations with both players, submitting offers to each, but that those offers were below the max. Fischer indicates that Houston is completely fine with not agreeing to terms with either before the year begins.
Clippers guard Bones Hyland and Nets young players Cam Thomas and Day’Ron Sharpe are not expected to agree to terms on a rookie scale extension, according to Fischer. However, there remains some optimism that Hornets guard Tre Mann, Pacers forward Isaiah Jackson and Wizards wing Corey Kispert will be able to sign extensions by Monday’s deadline.
Quentin Grimes has emerged as a real candidate to receive an extension by Monday, according to Stein (Twitter link). Grimes was acquired by the Mavericks in exchange for Tim Hardaway Jr. this offseason and he’s averaged 8.5 PPG across three NBA seasons. His deal would presumably be in the ballpark of Moody’s, perhaps a bit more than $10MM per year.

Magic Sign Alex Morales, Waive Robert Baker

October 16th, 2024 at 2:39pm CST by Luke Adams

The Magic have made a pair of minor roster moves, signing free agent guard Alex Morales and waiving center Robert Baker, the team announced today in a press release (Twitter link).

The moves appear G-League-motivated. Like Baker, Morales figures to be cut by Orlando before the regular season begins. But because Baker was on an Exhibit 10 contract and Morales almost certainly will be too, they’ll be eligible to receive bonuses worth up to $77.5K apiece if they spend at least 60 days with the Osceola Magic, the team’s NBAGL affiliate, this season.

A 6’6″ shooting guard, Morales has played for the Magic’s G League team in each of the past two years while also suiting up for Osos de Manati in Puerto Rico during the NBA offseason.

In 49 Showcase Cup and regular season games in 2023/24 for the Osceola Magic, the former Wagner College standout averaged 9.0 points, 5.2 rebounds, and 3.3 assists in 23.9 minutes per contest, with a shooting line of .501/.252/.625.

Having added one player to their roster while removing another, the Magic still have the maximum allowable 21 players under contract.

Southeast Notes: KCP, Black, Gibson, Hornets, Wizards

October 16th, 2024 at 9:42am CST by Luke Adams

The Magic haven’t been major players in free agency in recent years, having focused on building through the draft and re-signing their own players. However, they made a rare splurge over the summer, signing Kentavious Caldwell-Pope to a three-year, $66MM contract.

Head coach Jamahl Mosley is pleased with the way Caldwell-Pope is fitting in with the team this fall, writes Jason Beede of The Orlando Sentinel (subscription required). The two-time champion has immediately established himself as a leader who isn’t afraid to offer guidance to the Magic’s rookies and veterans alike.

“He does it in such subtle ways,” Mosley said. “We do drills every day with recognizing spacing on the floor, and he’s constantly talking to our wings about filling the corners. Why? Because it’s so important to keep that corner filled because it gives the other guys room to operate and play. He does it by example but then he’s going and having individual conversations with guys about the importance of the ‘why’ you do it.”

Besides providing veteran leadership and championship experience, Caldwell-Pope will provide much-needed floor spacing for an Orlando team that ranked second-last in the NBA in three-point attempts per game (31.3) last season.

“It just helps having more shooting out there,” Magic forward Franz Wagner said of his new teammate. “Having someone that has played a lot of important games, knows defenses, can talk the different coverages and give us pointers. … So we’re more organized out there.”

Here’s more from around the Southeast:

Magic guard Anthony Black had a solid rookie season in 2023/24, establishing himself as a member of the rotation by making 33 starts and averaging 16.9 minutes per game in 69 outings. With Markelle Fultz no longer on the roster, Black is poised to take over more point guard duties in his second NBA season and his teammates believe he’s ready for that challenge, as Beede outlines for The Orlando Sentinel (subscription required). “He looks a lot better,” forward Paolo Banchero said. “Just from year one to year two, you can tell he’s way more comfortable out there. He has a lot more command of himself and others on the court.”
New Hornets big man Taj Gibson is providing the kind of veteran presence the team has lacked in recent years, says Rod Boone of The Charlotte Observer. Charlotte is carrying 15 players on fully guaranteed contracts, with Gibson on a partially guaranteed deal, but the expectation is that the club will find room for him on the 15-man regular season roster. Head coach Charles Lee said the Hornets are “so grateful” to have the 39-year-old around. “I can see why he’s such a popular guy,” Lee said. “He’s such a phenomenal person. I think he’s added a lot to our locker room. From a human standpoint, I think that his professionalism brings another level of structure and routine, and the guys have a ton of respect for him because of what he has accomplished as a player.”
In a separate story for The Charlotte Observer, Boone takes a look at the new, state-of-the-art practice facility the Hornets are building across the street from Spectrum Center. The city of Charlotte is providing $30MM for the project, with team ownership expected to cover the remaining costs.
Some minor preseason injuries have given Wizards head coach Brian Keefe the opportunity to experiment with new lineup combinations in the weeks leading up to the season, according to Varun Shankar of The Washington Post, who notes that Keefe has deployed a different starting five in each of the team’s past three games.