NBA Rumors - HoopsRumors.com

Hawks Sign Vit Krejci To Four-Year Contract

July 12th, 2024 at 1:16pm CST by Rory Maher

July 12: Krejci’s four-year deal is official, the Hawks announced in a press release.

July 10: The Hawks are re-signing Vit Krejci on a four-year, $10MM contract, agents Alex Saratsis and Phillip Parun tell Adrian Wojnarowski of ESPN (Twitter link).

Atlanta issued Krejci a qualifying offer last month, making him a restricted free agent. The 24-year-old, who hails from Czechia, was the 37th overall pick of the 2020 draft.

There was speculation late last season that Atlanta might promote Krejci from his two-way contract to a standard deal in order to make him eligible for the postseason. That did not occur, but Lauren L. Williams of The Atlanta Journal-Constitution reported at the time that the Hawks hoped to re-sign Krejci on a four-year deal, which is now about to come to fruition.

A 6’8″ combo guard, Krejci spent his first post-draft season rehabbing a torn ACL. He signed a multiyear contract with the Thunder prior to the 2021/22 season, playing 30 games for the club as a rookie.

Oklahoma City traded Krejci to Atlanta in a September 2022 move that was mostly about finances for the Hawks. He appeared in 29 games for Atlanta in ’22/23, averaging a modest 5.3 MPG.

The Hawks waived Krejci last August when he was on a non-guaranteed deal and the team was facing a roster crunch. He later signed an Exhibit 10 training camp deal with Minnesota, but was cut before the ’23/24 season began.

Krejci returned to the Hawks on a two-way contract in December. In part due to injuries, he became a rotation regular down the stretch last season, averaging 6.1 points, 2.4 rebounds and 2.3 assists on .490/.412/.833 shooting in 22 games, including 14 starts (24.6 minutes per contest).

Based on the reported terms, Krejci almost certainly received a minimum-salary contract. Since he has three years of NBA experience, Kreji’s four-year deal will technically pay him $10,185,213, though we’ll have to wait and see how much of it is guaranteed.

Olympic Notes: Kawhi, Durant, Coulibaly, Germany

July 12th, 2024 at 11:59am CST by Luke Adams

The decision to remove Kawhi Leonard from the roster for the U.S. Olympic team was made by USA Basketball, managing director Grant Hill told reporters this week (story via Tim Bontemps of ESPN). Reports on Wednesday suggested that Leonard’s camp had expressed concerns to Team USA about the forward’s knee, but Hill took responsibility for the move to replace Leonard with Derrick White.

“We just felt that we had to pivot, and not to get into the particulars, in terms of what went into the decision, but we just felt it was in our best interest, but also in the Clippers’ and Kawhi’s best interest, to move into a different direction,” Hill said. “We tried. I think we all tried and we gave it a valiant effort, and unfortunately, we have to move forward.”

Asked directly if Team USA made that call, Hill replied, “We did. Ultimately he was sent home, but we were in conversation with the Clippers on that.”

Another one of Team USA’s forwards – Kevin Durant – is dealing with an injury of his own, but Hill expressed optimism that KD’s calf strain won’t keep him sidelined for much longer. It’s unclear if Durant will actually play in either of the team’s exhibition games in Abu Dhabi, per Marc J. Spears of Andscape (Twitter link). However, it sounds like he’ll return to practice soon.

“Durant will be on the plane, unless you know something,” Hill said. “He has been working, rehabbing, he’s looked great. I think we’re just being cautious and conservative. I think we expect to see him on the court when we’re in Abu Dhabi.”

Here’s more on Team USA and the upcoming Olympics:

Team USA looked just fine without Leonard and Durant on Wednesday in an exhibition game against Team Canada. While the U.S. struggled offensively, the team played excellent defense against a strong Canadian roster led by Shai Gilgeous-Alexander and Jamal Murray and won by a comfortable 86-72 margin. A panel of ESPN experts shares their takeaways from that game, while Bontemps passes along post-game quotes from head coach Steve Kerr and a handful of U.S. players about their performance.
Speaking to Bontemps (YouTube link), Durant pushed back on the idea that he, LeBron James, and Stephen Curry are viewing the 2024 Olympics as a “last hurrah” or “farewell tour” playing for Team USA. “These guys are still playing at an elite level,” Durant said. “I feel like ‘Bron could play four or five more (seasons), he might be here in 2028 in L.A. Steph’s still playing great ball. I’m doing alright too. So I don’t want to look at it that way. I think we’ve still got some good ball in the tank.”
Still just 19 years old, Wizards forward Bilal Coulibaly will get the opportunity this summer to represent the French national team at the Olympics in his home country. He tells Sapna Bansil of The Washington Post that he views it as a “once-in-a-lifetime moment” and that he’s enjoying being able to reunite with former Metropolitans 92 teammate Victor Wembanyama. “I forgot how easy it was to play with him,” Coulibaly said. “… Even with the friendly games, he’s been doing his thing, I’ve been doing my thing. We just complement each other very well.”
Coming off a gold medal at the 2023 World Cup, Germany has finalized its roster for the Paris Olympics, formally announcing the 12-man group in a press release. As expected, NBA veterans Dennis Schröder, Franz Wagner, Moritz Wagner, and Daniel Theis are among the headliners.

Rockets Guarantee Jeff Green’s Salary For 2024/25

July 12th, 2024 at 10:20am CST by Luke Adams

The Rockets have guaranteed Jeff Green‘s salary for the 2024/25 season, confirms Michael Scotto of HoopsHype (Twitter link). Houston exercised Green’s team option at the June 29 deadline, but his salary didn’t become fully guaranteed for another couple weeks.

As our list of early salary guarantee dates shows, Houston would have had to waive Green on or before July 11 in order to avoid being on the hook for his $8MM base salary in 2024/25. There were reports leading up to free agency indicating that the Rockets had no plans to cut the veteran forward, so it comes as no surprise that the two sides didn’t agree to push back that guarantee date.

Green will turn 38 years old next month and will be entering his 18th NBA season this fall. He continued to play a regular rotation role for the Rockets last season, though his 16.8 minutes per game represented a new career low. He averaged 6.5 points, 2.3 rebounds, and 0.9 assists in 78 appearances (six starts), posting a shooting line of .456/.331/.819.

Green’s contract also includes $1.6MM in annual incentives, but he didn’t earn those bonuses last season, so they’re considered unlikely in 2024/25 and have been removed from his cap hit, lowering that figure from $9.6MM to $8MM. Green would have to appear in at least 55 games and average 19 or more minutes per contest in order to earn that extra $1.6MM.

Green is one of a handful of players on Houston’s roster who could become a trade chip for salary-matching purposes if the team looks to make a major move before or during the season. Green ($8MM), Jock Landale ($8MM), and Jae’Sean Tate ($7.57MM) are all on contracts that don’t include any guaranteed money beyond ’24/25.

Northwest Notes: Murray, Nuggets, Trent, Joe, Sharpe, Markkanen

July 12th, 2024 at 9:58am CST by Luke Adams

Shams Charania reported back on June 27 that the Nuggets and Jamal Murray were “working toward” a four-year, maximum-salary contract extension, with the team expected to make the offer and the star guard expected to accept it. Over two weeks later, there’s still no deal in place.

A report earlier this week indicated that the Nuggets and Murray will likely wait until after the Olympics to finalize an agreement, and the 27-year-old Canadian essentially confirmed as much when asked this week by Troy Renck of The Denver Post about his contract situation.

“When we get there, we get there,” Murray said after the Canadian team lost an exhibition game to Team USA in Las Vegas on Wednesday. “I’m playing games right now for Canada, so that’s not on my mind.”

A maximum-salary extension for Murray, who is entering the final year of his current deal, would be worth a projected $207.85MM over four seasons.

Here’s more from around the Northwest:

Gary Trent Jr. isn’t a viable target for the Nuggets in free agency, according to Harrison Wind of DNVR Sports (Twitter link), who hears that the 25-year-old swingman isn’t interested in accepting a minimum-salary contract and that there may not be much interest on Denver’s side anyway.
Isaiah Joe‘s new four-year, $48MM contract with the Thunder includes a fourth-year team option and has a descending salary structure, tweets Michael Scotto of HoopsHype. Joe’s cap hit in 2024/25 will be $12,991,650 before dipping to $12,362,338 in ’25/26, with third- and fourth-year salaries of $11,323,006.
Although he attended Team Canada’s pre-Olympic training camp this summer, Trail Blazers guard Shaedon Sharpe wasn’t in the mix for a spot on the 2024 Paris roster. But Sharpe, who has been medically cleared following his core muscle surgery in February, is in Canada’s future plans, head coach Jordi Fernandez tells Sean Highkin of Rose Garden Report (Substack link). “We value him as an important player in the future, being a big part of this program,” Fernandez said. “We don’t only care about this tournament. We care about AmeriCup and the World Cup and L.A. in 2028. We want Shaedon to be a part of that.”
Andy Larsen of The Salt Lake Tribune takes a closer look at the Lauri Markkanen situation in Utah, exploring why the Jazz might be motivated to move the star forward and what they could reasonably expect to get in return.

2024/25 NBA Contract Extension Tracker

July 12th, 2024 at 8:57am CST by Luke Adams

Three 2024 free agents – OG Anunoby, Paul George, and Tyrese Maxey – signed contracts worth more than $200MM this offseason, and they weren’t the only members of the ’24 FA class who secured nine-digit paydays. However, the most lucrative deals signed since the new league year began weren’t free agent deals at all — they were contract extensions.

Extensions, of course, don’t involve adding a new player to the roster. By extending a contract, a team ensures that a current player will remain locked up for multiple years to come. Although a contract extension may not change the club’s short-term outlook on the court, it can have a major impact on that team’s salary cap situation for the next several seasons.

Rookie scale extensions are one form of contract extension. Former first-round picks who are entering the fourth and final year of their rookie deals are eligible to sign those up until the day before the 2024/25 regular season begins. Rookie scale extensions have become more common than ever in recent years — there were 11 signed in both 2021 and 2022, followed by a record 14 in 2023.

While they used to be rarer than rookie scale extensions, veteran extensions are happening more frequently these days too. The league’s 2017 Collective Bargaining Agreement expanded the rules for eligibility and created some additional incentives for star players to sign new deals before they reach free agency, and the 2023 CBA has further incentivized veteran extensions. During the 2023/24 league year, a total of 17 veteran extensions were signed.

The deadline for a veteran extension for a player who isn’t in the final year of his current contract is the day before the regular season tips off. However, a player eligible for a veteran extension who is on an expiring deal can sign a new contract throughout the league year, all the way up to June 30, the day before he becomes a free agent.

Listed below are the players who have finalized contract extensions so far in 2024/25. This list, which can be found on the right-hand sidebar under “Hoops Rumors Features” on our desktop site (or on the “Features” page in our mobile menu), will be kept up to date throughout the ’24/25 league year, with more extension details added as we learn them.

Note: Projected values for maximum-salary extensions are based on a $154,647,000 salary cap for 2025/26 and a $170,112,000 cap for 2026/27. Those contracts are based on a percentage of the cap, so their values would fluctuate depending on exactly where the ’25/26 and ’26/27 caps end up.

Rookie scale contract extensions:

Scottie Barnes (Raptors): Five years, maximum salary (story). Projected value of $224,238,150. Projected value can increase to $269,085,780 if Barnes meets Rose Rule performance criteria. Includes 15% trade kicker. Starts in 2025/26.
Cade Cunningham (Pistons): Five years, maximum salary (story). Projected value of $224,238,150. Projected value can increase to $269,085,780 if Cunningham meets Rose Rule performance criteria. Starts in 2025/26.
Evan Mobley (Cavaliers): Five years, maximum salary (story). Projected value of $224,238,150. Projected value can increase to $246,661,965 or $269,085,780 if Mobley meets Rose Rule performance criteria. Includes 15% trade kicker. Starts in 2025/26.
Franz Wagner (Magic): Five years, maximum salary (story). Projected value of $224,238,150. Projected value can increase to $246,661,965 or $269,085,780 if Wagner meets Rose Rule performance criteria. Starts in 2025/26.
Alperen Sengun (Rockets): Five years, $185,000,000 (story). Fifth-year player option. Starts in 2025/26.
Jalen Suggs (Magic): Five years, $150,500,000 (story). Starts in 2025/26.
Jalen Johnson (Hawks): Five years, $150,000,000 (story). Starts in 2025/26.
Trey Murphy (Pelicans): Four years, $112,000,000 (story). Starts in 2025/26.
Jalen Green (Rockets): Three years, $105,333,333 (story). Third-year player option. Includes 10% trade kicker. Starts in 2025/26.
Corey Kispert (Wizards): Four years, $54,050,000 (story). Fourth-year team option. Starts in 2025/26.
Moses Moody (Warriors): Three years, $37,500,000 (story). Includes $1,500,000 in incentives. Starts in 2025/26.

Veteran contract extensions:

Jayson Tatum (Celtics): Five years, maximum salary (story). Projected value of $313,933,410 (super-max). Fifth-year player option. Starts in 2025/26.
Lauri Markkanen (Jazz): Four years, $195,868,144 (story). Includes renegotiation (2024/25 salary increased from $18,044,544 to $42,176,400). $220,000,000 in total new money. Extension starts in 2025/26.
Jamal Murray (Nuggets): Four years, maximum salary (story). Projected value of $207,845,568. Starts in 2025/26.
Joel Embiid (Sixers): Three years, maximum salary (story). Projected value of $192,907,008. Third-year player option. Starts in 2026/27.
Bam Adebayo (Heat): Three years, maximum salary (story). Projected value of $165,348,864. Third-year player option. Starts in 2026/27.
Jalen Brunson (Knicks): Four years, $156,549,124 (story). Fourth-year player option. Includes 15% trade kicker. Starts in 2025/26.
Donovan Mitchell (Cavaliers): Three years, maximum salary (story). Projected value of $150,316,884. Third-year player option. Starts in 2025/26.
Derrick White (Celtics): Four years, $118,048,000 (story). Fourth-year player option. Includes $7,840,000 in incentives. Includes 15% trade kicker. Starts in 2025/26.
Rudy Gobert (Timberwolves): Three years, $109,500,000 (story). Third-year player option. Includes 7.5% trade kicker. Starts in 2025/26.
Aaron Gordon (Nuggets): Three years, $103,608,840 (story). Third-year player option. Includes $5,443,200 in incentives. Includes 3% trade kicker. Starts in 2026/27.
- Note: Gordon exercised his $22,841,455 player option for 2025/26 as part of the extension agreement.
Jarrett Allen (Cavaliers): Three years, $90,720,000 (story). Starts in 2026/27.
Stephen Curry (Warriors): One year, $62,587,158 (story). Starts in 2026/27.
Jonathan Isaac (Magic): Four years, $59,000,000 (story). Includes renegotiation (2024/25 salary increased from $17,400,000 to $25,000,000). $66,600,000 in total new money. Second year of extension partially guaranteed ($8MM); third and fourth years non-guaranteed. Extension starts in 2025/26.
Wendell Carter Jr. (Magic): Three years, $58,650,480 (story). Third-year team option. Starts in 2026/27.
Andrew Nembhard (Pacers): Three years, $58,650,480 (story). Starts in 2025/26.
Ivica Zubac (Clippers): Three years, $58,650,480 (story). Includes 5% trade kicker. Starts in 2025/26.
Terance Mann (Clippers): Three years, $47,000,000 (story). Starts in 2025/26.
Sam Hauser (Celtics): Four years, $45,000,000 (story). Starts in 2025/26.
T.J. McConnell (Pacers): Four years, $44,800,000 (story). Third year partially guaranteed ($5MM). Fourth-year team option. Starts in 2025/26.
Jaden Hardy (Mavericks): Three years, $18,000,000 (story). Third-year team option. Starts in 2025/26.
Jose Alvarado (Pelicans): Two years, $9,000,000 (story). Second-year player option. Starts in 2025/26.

Categories:
Hoops Rumors Originals

And-Ones: Moneke, Harrell, Offseason, Sarkar, TNT, G League

July 12th, 2024 at 7:50am CST by Luke Adams

Former Kings forward Chima Moneke drew NBA interest this offseason, but his pricey contract buyout was a major obstacle, so he’ll be remaining with Spanish team Baskonia for the 2024/25 season, reports Donatas Urbonas of BasketNews.com. Moneke is expected to be a sought-after free agent in Europe when his contract expires in 2025 and could consider an NBA return again at that point, Urbonas notes.

Moneke appeared in just two NBA regular season games for Sacramento during the first half of the 2022/23 season before being waived in January 2023. However, the former UC Davis star has thrived overseas in recent years, earning All-Liga ACB (Spanish League) honors in 2022 and 2024 and winning an LNB Elite (French League) championship in 2023.

Here are a few more odds and ends from around the basketball world:

Former Sixth Man of the Year Montrezl Harrell published a story on The Players’ Tribune this week detailing what he has gone through off the court in recent years – including the death of his grandmother, a marijuana-related arrest, and a torn ACL and meniscus – and expressing a desire to get back into the NBA. Harrell was waived last October by the Sixers following his offseason knee injury.
What roster moves are still on tap for NBA teams now that only a few notable free agents are still on the board? John Hollinger of The Athletic explores that question, naming some possible trade candidates – including Brandon Ingram and Lauri Markkanen – and potential contract extension recipients to keep an eye on in the coming weeks.
Somak Sarkar, the former Timberwolves employee who was fired for stealing thousands of files, will avoid jail time after pleading guilty to a misdemeanor charge of unauthorized computer access, per Baxter Holmes of ESPN. A Minnesota judge ruled that Sarkar will serve probation for up to two years and pay a fine of $200.
With TNT Sports seemingly on the verge of losing its NBA broadcast rights, Michael McCann of Sportico considers whether Warner Bros. Discovery (TNT’s parent company) has any legal recourse to contest the league’s agreements with new partners NBC and Amazon.
The G League Ignite is no more, but the G League Fall Invitational will still take place this September, according to an announcement from the league. The G League United – a select team made up of top NBAGL prospects – will face Serbian team Mega Basket on September 4 and 6 at Kaiser Permanente Arena in Santa Cruz.

Wizards Sign Saddiq Bey To Three-Year Deal

July 12th, 2024 at 5:55am CST by Luke Adams

JULY 12: The Wizards have officially signed Bey, according to the NBA’s transaction log.

The three-year deal includes $19MM in guaranteed money, with another $1MM in incentives, tweets Josh Robbins of The Athletic.

JULY 10: The Wizards and free agent forward Saddiq Bey have reached an agreement on a three-year, $20MM deal, agents James Dunleavy and Jordan Gertler tell Adrian Wojnarowski of ESPN.

Bey, who began his NBA career with the Pistons, was traded to Atlanta at the 2023 deadline and spent the past season-and-a-half with the Hawks. In 2023/24, he appeared in 63 games for the club, starting 51. He averaged 13.7 points, 6.5 rebounds, and 1.5 assists in 32.7 minutes per game on .416/.316/.837 shooting before a torn ACL ended his season in March.

That ACL tear complicated Bey’s free agency this summer. Despite his up-and-down season prior to the injury, a healthy version of the 25-year-old would almost certainly have received his $8.49MM qualifying offer to make him a restricted free agent.

However, because Bey could spend most – or all – of the 2024/25 season recovering from ACL surgery, it would have been a risk for Atlanta to put that qualifying offer on the table. The 6’7″ forward could have accepted it, earned $8.49MM while recovering for most of the year, then signed elsewhere as an unrestricted free agent next summer. As a result, the team opted not to issue that QO, making him a UFA this offseason.

While the Hawks and Bey reportedly continued talking after they passed on his qualifying offer, the team is facing a bit of a roster crunch, leaving the former Villanova standout as an odd man out.

Washington, Bey’s hometown team, is going through a significant rebuilding process and won’t need contributions from him right away, making it an ideal fit. If Bey is healthy and productive in the second and third years of the contract, it’ll be a worthwhile investment for the Wizards, who project to be among the NBA’s worst teams in 2024/25 with or without him.

According to Josh Robbins of The Athletic (Twitter link), the Wizards view the former first-round pick as a “tough, hard-nosed culture guy” who will be a good addition to the locker room next season and will help on the court once he gets healthy. Bey’s contract won’t include a team or player option, Robbins adds (via Twitter).

The Wizards still have their entire mid-level exception available after using a trade exception to add Jonas Valanciunas on a three-year, $30MM+ contract via sign-and-trade, so it looks like they’ll use a portion of that MLE to sign Bey. Once the deal is complete, Washington will have 14 players on guaranteed contracts, with two more (Eugene Omoruyi and Jared Butler) on non-guaranteed salaries.

Stein’s Latest: Ingram, Lakers, Fournier, Hawks

July 11th, 2024 at 10:54pm CST by Alex Kirschenbaum

Pelicans star forward Brandon Ingram has been one of the most frequently-floated names in trade discussions this summer.

According to Marc Stein at Substack, Ingram’s performance in the 2024 playoffs against the Thunder is among the factors that have given New Orleans’ potential trade partners pause. Stein also indicates that Ingram is seeking a four-year, $208MM contract extension on his current expiring deal.

League sources tell Stein that Ingram’s management is striving to help the Pelicans find a willing trade partner. As Stein writes, having the former All-Star play out his current expiring contract with the Pelicans and become an unrestricted free agent next summer likely isn’t the preferred outcome for either the player or team.

Here are more rumors from Stein:

The Lakers are looking to create some additional cap flexibility in order to make use of their $5.2MM taxpayer mid-level exception. The team is currently right at the second tax apron, prohibiting L.A. from signing an outside free agent for more than the minimum. If the Lakers can shed some salary, free agent sharpshooter Gary Trent Jr. could be among the targets that make sense, Stein notes. The club currently has a full 15-man roster, so any cost-cutting move intended to make room for a free agent would also need to open up a roster spot.
Sources inform Stein that the rebuilding Wizards have registered interest in free agent wing Evan Fournier, who could be a mentor to recent lottery picks and fellow Frenchmen Alex Sarr and Bilal Coulibaly.
While starting center Clint Capela has been on the trade block for more than a year, new Hawks big man Larry Nance Jr. – added via the Dejounte Murray trade earlier this summer – is drawing more trade interest from rival teams, Stein writes. According to Stein, multiple clubs in need of more size have expressed interest in Nance.

Celtics Notes: Tatum, Brown, Grousbeck, Sale

July 11th, 2024 at 8:30pm CST by Alex Kirschenbaum

All-NBA Celtics forward Jayson Tatum, fresh off capturing his first NBA title, just signed the biggest contract in league history, a five-year, super-max deal worth a projected $313.93MM. According to Adam Himmelsbach of The Boston Globe, Tatum believes his championship has helped quiet some of the discourse surrounding him in the league at present.

“You know, just being the topic of discussion of so many debates or whatever it is. ‘Can he lead a team? Is he a top-five player?’” Tatum said. “There’s still a lot of things I guess they can debate, but I’ve done some things they can’t debate. I won a championship. I did it at the highest level. So having that under my belt, like, obviously there’s still conversations to be had or whatever people want to say, but they’ve always got to refer to me as an NBA champion.”

Tatum seemed grateful for his lucrative new extension, too.

“For me just to feel wanted, and they want me to be here and want me for the long haul,” Tatum said. “I’ll spend my whole career here and have got nothing but love for the fans, the city, and the organization. You know, we just won a championship and I want to try to win as many as I can.”

During the 2023/24 regular season, the five-time All-Star and four-time All-NBA honoree posted superlative averages of 26.9 points, 8.1 rebounds, 4.9 assists, 1.0 steals and 0.6 blocks across 74 contests, with a .471/.376/.833 shooting line.

There’s more out of Boston:

Tatum’s All-Star teammate Jaylen Brown appeared miffed to have been passed over to replace Kawhi Leonard on Team USA in favor of another Celtics wing, Derrick White, Himmelsbach writes in a separate piece. Brown posted an emoji-packed tweet expressing his apparent displeasure. Sources confirmed to Brian Robb of MassLive that the 6’6″ small forward was indeed frustrated by the choice. Team USA managing director Grant Hill explained the decision on Wednesday. “This is about putting together a team,” Hill told gathered media. “Just kind of overall, you have incredible interest from an abundance of talent that we have here in the United States. I’ve talked a little about when we assembled this roster.”
Celtics owner Wyc Grousbeck recently revealed his intentions to sell his stake in the team. Now, Grousbeck has outlined some supplemental details of the plan, Robb notes in an additional article. “I want to clarify, it’s not my majority stake,” Grousbeck said. “The control of the team is owned by my family, so it’s a family that I belong to and then I have the Celtics family I also belong to, so there’s an intersection and there’s an involvement.” According to Robb, Grousbeck hopes to sell the majority of his family’s ownership stake early next year. “The plan, the expectation is to sell the team in two parts, 51 percent going fairly soon,” Grousbeck said. “49 percent then closing in a second closing, that’s the expectation in 2028. I’m planning or expected to stay on until 2028 (as governor) and we’re going to hire bankers and advisors and this is going to be quite a bidding process.”
Grousbeck may be selling his portion of the Celtics chiefly because of long-term family estate planning, writes Eben Novy-Williams of Sportico. Boston is valued at an estimated $5.12 billion by Sportico, Novy-Williams adds.

How The Sixers Used Every Dollar Of Their Cap Room

July 11th, 2024 at 7:15pm CST by Luke Adams

It has been rare in recent years for contending teams to operate under the cap in order to pursue star free agents. In each of the four NBA offseasons prior to 2024, between four and eight teams opened up cap room, and the majority of those clubs were coming off losing seasons and weren't going after top-tier free agents.

Prior to 2024, the last time an All-NBA-caliber free agent changed teams using cap room was in 2019, when Kawhi Leonard headed to Los Angeles and Kevin Durant and Kyrie Irving landed in Brooklyn. Both the Clippers and Nets were coming off winning seasons and viewed their free agent additions as moves that would help push them over the top, cementing their place among the NBA's top tier.

Despite the fact that no team had replicated that free agency feat in five years, Sixers president of basketball operations Daryl Morey began heading down that path over a year ago. When word broke in June of 2023 that Philadelphia wouldn't be pursuing a rookie scale extension with rising star Tyrese Maxey, it became clear that Morey's front office was prioritizing 2024 cap flexibility in the hopes of adding another All-Star to the club's core.

Not only did the 76ers achieve that goal, but they cleverly made use of every single dollar of their cap space and their room exception to sign nine-time All-Star Paul George and three additional rotation players while preserving a possible trade chip who could help them further maximize their flexibility.

Let's take a closer look at how the Sixers have navigated the cap and made the math work so far this offseason:

The 76ers had 13 of 16 players from last season's roster become free agents on July 1, as RealGM's transaction log shows, meaning they entered the new league year with just three players under contract: star center Joel Embiid ($51,415,938), backup big man Paul Reed ($7,723,000), and 22-year-old guard Ricky Council ($1,891,857).

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