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Contract Details: Quickley, Barnes, Batum, Jones, CP3, Oubre, More

July 10th, 2024 at 7:15am CST by Luke Adams

Initially reported to be worth $175MM over five years, Immanuel Quickley‘s new contract with the Raptors actually has a base value of $162.5MM, according to Blake Murphy of Sportsnet (Twitter link). It also features $12.5MM in unlikely incentives – $2.5MM per year – that would allow the guard to max out at $175MM if he earns all of them. But for now the cap hits for Quickley will be $32.5MM annually.

Meanwhile, the “Rose rule” language in Scottie Barnes‘ new five-year, maximum-salary extension with the Raptors is fairly straightforward, Murphy notes (Twitter link). Barnes will have a starting salary worth 30% of the 2025/26 salary cap if he makes any All-NBA team – first, second, or third – next season, or if he wins MVP or Defensive Player of the Year. If he doesn’t earn any of those honors, his starting salary will be 25% of the ’25/26 cap, with 8% annual raises from there.

Based on the NBA’s latest salary cap projection, Barnes’ five-year extension would be worth $224,238,150 if it starts at 25% next year’s cap, or $269,085,780 if it starts at 30%.

Here are more details on a few of the contracts recently finalized around the NBA:

Nicolas Batum (15%) and Derrick Jones (5%) each received trade kickers on their new contracts with the Clippers, Hoops Rumors has learned. Batum’s deal is worth the full bi-annual exception ($9,569,400 over two years) with a second-year player option, while Jones’ three-year, $30MM deal was completed using a significant portion ($9,523,810) of the mid-level exception. Los Angeles still has $3,298,190 left on its MLE for now.
Chris Paul‘s one-year contract with the Spurs has a guaranteed base value of $10.46MM, with unlikely incentives that could push his total earnings as high as about $12.03MM, tweets Michael Scotto of HoopsHype. That structure allowed San Antonio to create the extra cap room necessary to accommodate Harrison Barnes‘ incoming salary while also putting Paul in position to earn more his initially reported salary of $11MM.
Kelly Oubre, whose two-year, $16,365,150 contract is worth the Sixers‘ entire room exception (and features a player option), waived his right to veto a trade in 2024/25, tweets Keith Smith of Spotrac. Kings center Alex Len gave up that right as well on his one-year, minimum-salary contract, Hoops Rumors has learned.
As expected, the contracts signed by new Kings guard Jordan McLaughlin and new Pelicans center Daniel Theis are one-year deals worth the veteran’s minimum.

Clippers Re-Sign James Harden To Two-Year Deal

July 10th, 2024 at 6:14am CST by Arthur Hill

JULY 10: Harden’s new contract with the Clippers is now official, per the NBA’s transaction log.

Harden’s deal, which is worth $33,653,846 in year one with a $36,346,154 second-year player option, also features a 15% trade kicker. He’ll have the right to veto any trade involving him in 2024/25.

JUNE 30: Free agent guard James Harden will be remaining with the Clippers, according to Shams Charania of The Athletic, who reports (via Twitter) that the former MVP is signing a new two-year, $70MM contract with the club. The second season will be a player option, sources tell Vincent Goodwill of Yahoo Sports (Twitter link).

Harden was acquired in November after a messy dispute with Sixers president of basketball operation Daryl Morey over what Harden considered to be broken promises in contract negotiations. Harden publicly insulted Morey and disrupted training camp in an effort to force his way out of Philadelphia.

Harden was initially an awkward fit alongside Kawhi Leonard, Paul George and Russell Westbrook, but the four All-Stars eventually worked things out and the Clippers claimed the fourth seed in the West with a 51-31 record.

Harden took over as the starting point guard and contributed 16.6 points, 5.1 rebounds and 8.5 rebounds per night in 72 games.

The player option means Harden will get another chance to test the free agent market next summer when he may be better positioned to get a long-term deal.

There were rumors this weekend that the Lakers were considering targeting Harden, but as an over-the-cap team, they would have had no realistic path to match the Clippers’ offer.

Harden’s new deal pushes the Clippers’ projected team salary above $152MM for 10 players, according to Yossi Gozlan at CapSheets.com. That puts the team about $19MM below the luxury tax line, but doesn’t account for Paul George, whose maximum salary would push that total into second-apron territory if he returns. If George signs elsewhere, the Clippers could have the full mid-level exception and bi-annual exception available.

Clippers Sign Kai Jones To Exhibit 10 Contract

July 10th, 2024 at 6:12am CST by Rory Maher

JULY 10: The Clippers have officially signed Jones, according to the NBA’s transaction log. His deal includes Exhibit 9 and Exhibit 10 language, per Keith Smith of Spotrac (Twitter link), so it won’t count against the team’s cap unless he makes the regular season roster.

JULY 5: The Clippers are re-signing free agent big man Kai Jones to a non-guaranteed contract, reports Shams Charania of The Athletic (via Twitter).

Jones’ non-guaranteed deal will cover one year for the veteran’s minimum, according to Law Murray of The Athletic (Twitter link). The Bahamian forward/center will be competing for a roster spot in training camp, per Charania.

The 19th overall pick in the 2021 draft, Jones wasn’t able to earn rotation minutes during his first two seasons with Charlotte. He was waived in October after a series of unusual social media posts that called out several of his Hornets teammates.

Jones returned to the NBA in March on a 10-day contract with Philadelphia, but didn’t see any game action before it expired in part due to a hamstring injury. He signed with the Clippers on the final day of the regular season and didn’t get into a game with them either.

The Clips declined Jones’ team option for 2024/25 last week, making him an unrestricted free agent. However, Murray reported multiple times that the 23-year-old was expected to return to L.A.

Murray also stated that Jones is currently dealing with an ankle injury that will prevent him from playing in Summer League.

Pacific Notes: Lue, George, Leonard, Podziemski, Kerr, Ellis

July 9th, 2024 at 10:40pm CST by Dana Gauruder

Clippers coach Tyronn Lue had multiple conversations with Paul George with the hope that the nine-time All-Star would stay in Los Angeles. Lue, an assistant coach for Team USA, expressed frustration that George chose to leave for Philadelphia as a free agent, Ohm Youngmisuk of ESPN writes.

“You lose an important piece to the team like PG, it’s hard to replace,” Lue said. “I’m disappointed that we weren’t able to get the deal done, disappointed he didn’t come back. It’s tough for the organization. We got to see how we move forward from here. I talked to him many times, trying to see what his mindset was, what we need to do different, how we can help his process along. It’s unfortunate that he left.”

Kawhi Leonard was well aware of how the extension talks between George and the front office broke down, so he wasn’t caught off guard by his star teammate’s exit.

“We knew what it was before the season,” Leonard said. “We knew what it was going to come down to. So, we talked the whole way through. It’s no surprise.”

We have more from the Pacific Division:

Heading into his second season with the Warriors, Brandin Podziemski told Mark Medina of Sportskeeda that he has lofty goals. “Individually, I want to be able to be in the conversation and win Most Improved Player of the Year,” he said. “I want to partake in the Rising Stars game again because it’s in San Francisco next season. I want to participate in the Skills Challenge. That would be fun. Then I want to put my name up there as an up-and-coming star of the league. I’m ready to make the year two jump. As far as team goals, obviously you want to win a title.”
Coach Steve Kerr is impressed with how Warriors general manager Mike Dunleavy Jr. recovered from the loss of Klay Thompson by acquiring the services of free agents Buddy Hield, Kyle Anderson and De’Anthony Melton, Dalton Johnson of NBC Sports Bay Area relays. “To rebound from losing Chris (Paul) and then Klay, and then using the cap to his advantage – he and his group have done a great job,” Kerr said. “We’ve signed three really good players, managed our finances really well and Mike is wonderful at his job in every regard. He’s a great partner, too, through these difficult times. Great guy to be able to lean on.”
Boogie Ellis is playing for the Kings’ Summer League team after going undrafted out of USC. Ellis led the Trojans in scoring and is trying to earn an NBA contract. Meanwhile, Bronny James got drafted by the Lakers despite posting modest stats at USC. However, Ellis has no hard feelings for his former college teammate, he told Jason Anderson of the Sacramento Bee. “I’m happy for him,” Ellis said. “That’s one of my brothers, so I’m glad he got the opportunity, but at the end of the day this is business. Everybody’s trying to feed their family, so I definitely have a chip on my shoulder. I believe I’m a great basketball player and I’m better than a lot the guys who were picked, but at the end of the day I’ve got to go show my hard work, show what I do. So just continue to work, keep my head down and keep working, and it’s going to pay off.”

Atlantic Notes: Simmons, Clowney, Bridges, Barnes, Quickley

July 9th, 2024 at 9:05pm CST by Dana Gauruder

Ben Simmons‘ agent tells The New York Post’s Brian Lewis that his client will be 100 percent by the start of next season, but there’s plenty of uncertainty regarding his future. The Nets guard played just 15 games last season before he was shut down due to lingering back issues.

“Ben has been doing his rehab and prep work for the upcoming season in Miami. He is through the rehab stage and has moved on to strength and conditioning,” Simmons’ agent, Bernard Lee, said. “Because there have been so many starts and stops previously I’ll simply say he’s in a great place and the expectation is he’s able to start the season 100 percent of himself ready to go.”

Where Simmons fits into the team’s plans next season is unclear. Given his health issues, his value to the club at this point is centered around his $40.3MM expiring deal, which will open up ample cap space next summer if he’s not traded.

We have more from the Atlantic Division:

With the Nets trading Mikal Bridges and going into a rebuild, Noah Clowney could get an expanded role in his second season, Lewis notes. Clowley was selected with the 21st pick in 2023. “It’s an opportunity [for me] so I can’t [waste it],” Clowney said. “No shade to [Bridges]; that’s my dog. I love him; but to see us going into more of a rebuilding standpoint, that’s an amazing opportunity to me, and I gotta try to take advantage of that.” Just trying to build with what we’ve got is my main focus. The picks, I leave that to the people who decide all that; I just try to do my part, play hard and be enthusiastic about everything we’re doing. So, opportunities will be fun.”
Bridges expressed his exhilaration over joining the Knicks, where expectations will be sky-high for their first championship since 1973, according to ESPN’s Chris Herring. “It’s surreal. Coming here, it makes me feel like a young kid again, with all the memories. When I think about basketball when I was young, and the old school, it was always the Knicks,” Bridges said during an introductory press conference. “That’s what you think about. MSG. The New York song. All that stuff.”
The Raptors are betting big that they can build around Scottie Barnes and Immanuel Quickley, Michael Grange of Sportsnet writes. Both players were rewarded with five-year contracts this offseason. To back the front office’s commitment, Barnes needs to play well enough to be considered for an All-NBA team and Quickley needs to become an All-Star level guard, Grange says.

Bucks Sign Taurean Prince To One-Year Deal

July 9th, 2024 at 9:00pm CST by Luke Adams

JULY 9: The Bucks have officially signed Prince, according to a team press release.

JULY 3: Free agent forward Taurean Prince intends to sign a contract with the Bucks, sources tell Shams Charania of The Athletic (Twitter link). According to Michael Scotto of HoopsHype (Twitter link), it’s a one-year deal.

Milwaukee isn’t currently in position to offer more than the veteran’s minimum to any outside free agents due to its proximity to the second tax apron, so this figures to be a minimum-salary agreement.

Prince, 30, signed a one-year, $4.5MM contract with the Lakers last season and played a significant rotation role in Los Angeles — his 49 starts and 27.0 minutes per game represented his highest marks since the 2019/20 season. He appeared in 78 games overall, averaging 8.9 points, 2.9 rebounds, and 1.5 assists per night, with a .396 3PT%.

While Prince was perhaps leaned on too heavily as a starter in L.A., he’s a solid three-and-D reserve who figures to play a regular role off the bench for the Bucks in 2024/25.

The move will reunite him with Darvin Ham, the former Lakers head coach who trusted him with those significant minutes last season. Ham, who was also an assistant in Atlanta from 2016-18 at the start of Prince’s career with the Hawks, is now part of Doc Rivers‘ coaching staff in Milwaukee.

A minimum-salary deal for Prince will pay him a salary of $2,988,550 and will count against the Bucks’ cap for $2,087,519.

Rockets Add N’Faly Dante Via Two-Way Deal

July 9th, 2024 at 8:30pm CST by Alex Kirschenbaum

JULY 9: Dante has officially signed the two-way contract, the team tweets.

JUNE 27: The Rockets are signing undrafted Oregon center N’Faly Dante to a two-way deal, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

The 6’11” big man was a two-time All-Pac-12 honoree and was also named to the Pac-12 All-Defensive Team in 2024. A five-year senior in 2023/24, he enjoyed his most productive season yet as a super-senior, averaging 17 points per game on 69.5% shooting from the field and 61.3% shooting from the charity stripe. Dante also logged averages of 9.2 rebounds, 1.9 blocks, 1.7 steals and 1.6 assists per contest.

Houston only wound up with one pick in the 2024 draft, the third selection, which the Rockets used on sharpshooting Kentucky guard Reed Sheppard. The club traded out from the No. 44 pick in the second round to obtain reserve small forward AJ Griffin from the Hawks as part of a three-team deal.

Warriors Showing Patience In Pursuit Of Lauri Markkanen

July 9th, 2024 at 6:55pm CST by Dana Gauruder

The Warriors haven’t given up in their pursuit to acquire Jazz forward Lauri Markkanen but they’re willing to wait and see how the process plays out, Anthony Slater of The Athletic reports.

Markkanen, who has an expiring $18MM contract, becomes extension-eligible on Aug. 6. From what Slater is hearing, the Jazz plan to renegotiate-and-extend Markkanen by using their remaining cap space.

If Markkanen signs that type of contract on that date, he would still be eligible to be traded at the February deadline. However, if he signs any time after that (beginning on Aug. 7), he’d be ineligible to be dealt during the season due to the league’s six-month trade restriction on renegotiated contracts. That provides some extra leverage for Markkanen, which could dictate whether he gets moved this offseason to the Warriors or another suitor.

The Kings made a strong push to acquire Markkanen last week but they were unwilling to give up Keegan Murray in a proposed deal. Instead, they made a substantial picks-based offer. They put a deadline on pursuing a trade with Utah and the Jazz didn’t meet it, so Sacramento pivoted to a sign-and-trade for DeMar DeRozan.

The Warriors don’t feel that type of urgency, Slater continues. They’re comfortable with the 14-man roster they current have with the free agent additions of De’Anthony Melton, Kyle Anderson and Buddy Hield. There’s no room financially under the hard cap to fill the 15th spot.

Golden State appears, on paper, to need one more impact player to be a legitimate contender again. But Slater’s sources tell him that the front office and ownership don’t feel compelled to make that type of move right away unless the right opportunity comes along. It’s also noted that the front office is increasingly willing to add future first-round picks and make pick swaps in trade offers.

The Warriors are currently below the tax aprons but above the tax line. Owner Joe Lacob is still willing to spend to remain competitive.

Lindy Waters III and Gui Santos have non-guaranteed deals but the Warriors currently plan to keep both of those reserves. Second-round pick Quinten Post is expected to sign a two-way contract, Slater adds.

Hawks Re-Sign Seth Lundy On Two-Way Deal

July 9th, 2024 at 4:55pm CST by Dana Gauruder

The Hawks have signed wing Seth Lundy to a two-way contract, according to a team press release.

The 46^th overall pick in the 2023 draft after a four-year college career at Penn State, Lundy spent last season on a two-way contract with the Hawks. He appeared in nine games with Atlanta and 25 contests with the College Park Skyhawks.

Atlanta extended a qualifying offer to Lundy in late June, the equivalent of another two-way deal. He may have simply accepted that offer rather than negotiating a new two-way deal.

Lundy averaged just 5.8 minutes in his nine NBA appearances. In those 25 G League games (23 starts), the 6’4″ guard/forward averaged 20.4 points, 6.3 rebounds, 2.2 assists and 1.2 blocks in 32.6 minutes. He shot 46.2% from the field and 40% on 3-point attempts.

The 24-year-old underwent ankle surgery in mid-May. The left ankle procedure removed a medial ankle bone spur.

Lundy won’t play in the Summer League but the expectation is that he’ll make a full recovery in time for the start of next season.

Timberwolves Sign Jesse Edwards To Two-Way Contract

July 9th, 2024 at 4:41pm CST by Dana Gauruder

The Timberwolves have signed center Jesse Edwards to a two-way contract, according to the NBA transactions log. The team has confirmed the signing in a press release.

Edwards participated in both the G League Elite Camp and the NBA’s combine but went undrafted last month. The 24-year-old spent four seasons at Syracuse, then finished up his college career at West Virginia. He played 23 games for the Mountaineers and averaged 15.0 points, 8.0 rebounds and 1.7 blocks in 28.3 minutes per game.

In his last season with the Orange, the seven-f00t Edwards averaged 14.5 points, 10.3 rebounds and 2.7 blocks in 32.6 minutes while making 32 starts.

The Amsterdam native suited up for the Netherlands Senior National Team during the 2023 World Cup qualifying tournament and the 2022 EuroBasket tournament.

The Timberwolves also have 2023 draft pick Jaylen Clark on a two-way deal but still have another slot available.