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Hoops Rumors Glossary: July Moratorium

June 5th, 2024 at 2:01pm CST by Luke Adams

NBA free agents come off the board in rapid succession as soon as the league-wide negotiating period opens on June 30 at 6:00 pm Eastern time. However, most of those deals can’t become official right away, due to what’s known in the league’s Collective Bargaining Agreement as the “moratorium period.” We know it colloquially as the July moratorium.

The July moratorium – which lasts from 12:01 am Eastern time on July 1 until 12:00 pm on July 6 – essentially puts a freeze on most transactions for several days at the start of the new league year. NBA free agents are allowed to negotiate with clubs during the moratorium, and they can agree to terms on new contracts, but they are unable to officially sign new deals until the moratorium ends. The same goes for trades — two teams can agree to terms on a deal, but can’t formally put it through until at least July 6.

While nearly every agreement reached during the July moratorium eventually gets finalized, the unofficial nature of those initial deals can occasionally wreak havoc on the league’s free agent market.

DeAndre Jordan‘s 2015 free agency isn’t the only example of this, but it’s certainly the most memorable one from the last decade. Jordan initially agreed to terms with the Mavericks during the July moratorium, but before the moratorium ended and the two sides could make it official, the Clippers changed Jordan’s mind and convinced him to re-sign with L.A.

Because Jordan and the Mavs had only reached an informal verbal agreement, there was nothing Dallas could do to stop him from reversing course during the moratorium. Still, this sort of about-face is rare, as it can result in fractured relationships between players, agents, and teams.

While most NBA transactions can’t be completed during the moratorium, there are several exceptions to that rule. The following moves are permitted between July 1 and July 6:

A team can sign a first-round draft pick to his rookie scale contract.
A team can sign a second-round draft pick using the second-round pick exception.
A team can sign a player to a one- or two-year minimum-salary contract.
A restricted free agent can sign a qualifying offer from his current team.
A restricted free agent can sign a five-year, fully guaranteed maximum-salary contract with his current team.
A restricted free agent can sign an offer sheet with a new team; the one-day matching period would begin once the moratorium ends.
A team can sign a player to a two-way contract, convert a two-way contract into a standard NBA deal, or convert an Exhibit 10 deal into a two-way contract.
A team can waive a player or claim a player off waivers.
A team can exercise its third- or fourth-year team option on a rookie scale contract.
A second-round pick can accept a required tender (a one-year contract offer) from his team.

Under older Collective Bargaining Agreements, the NBA finalized the salary cap at some point during the July moratorium, and the new cap would take effect once the moratorium ended. However, the current CBA calls for the salary cap for the new league year to be set before the start of July, with the new figure going into effect immediately on July 1. This gives teams more clarity on exactly how much room they have available as they negotiate with free agents during the moratorium.

Several years ago, the NBA moved the start of its free agency negotiating period forward by six hours, opening that window at 6:00 pm ET on June 30 instead of at 12:01 am ET on July 1. Although the July moratorium doesn’t technically begin until July 1, free agents who reach agreements quickly can’t officially sign on June 30, since their old contracts haven’t technically expired yet. That rule will also apply this year to free agents who reach agreements with their own teams during the exclusive negotiating period between the end of the NBA Finals and June 30.

However, if an extension-eligible veteran agrees to a new deal with his current team, he can officially complete that extension during that six-hour period on June 30, before the moratorium goes into effect — Thaddeus Young (Raptors) and Gary Harris (Magic) took this route in 2022, formally finalizing their new contracts as extensions on the evening of June 30 before the moratorium period began.

Finally, it’s worth noting that while we refer to this period at the start of free agency as the “July” moratorium, it doesn’t always take place in July. For instance, due to the COVID-19 pandemic, the moratorium period instead occurred in November in 2020 and in August in 2021.

Note: This is a Hoops Rumors Glossary entry. Our glossary posts will explain specific rules relating to trades, free agency, or other aspects of the NBA’s Collective Bargaining Agreement. Larry Coon’s Salary Cap FAQ was used in the creation of this post. Earlier versions of this post were published in previous years.

International Notes: Slovenia, Doncic, Croatia, South Sudan, Siulepa

June 5th, 2024 at 12:39pm CST by Luke Adams

The Slovenian national team has officially announced the 16 players who will make up its preliminary roster for the Olympic qualifying tournament in Greece next month (Twitter link). While the 16-man group features currently Nuggets forward Vlatko Cancar and a couple other players with prior NBA experience (Zoran Dragic and Mike Tobey), the headliner is Mavericks guard Luka Doncic.

Slovenia obviously hopes that Doncic will be available to help the team try to claim one of the final four Olympic berths this summer, and the Mavs star said on Wednesday that he wants to do so, despite battling knee issues this spring, as Tim Reynolds of The Associated Press tweets. Doncic still has one more series to get through, so his availability in Greece will presumably hinge on how he’s feeling at the conclusion of the NBA Finals.

Here’s more from around the international basketball world:

Croatia, which will be in Slovenia’s group at the qualifying tournament in Greece, has also announced a preliminary roster for that event. Warriors forward Dario Saric and Clippers center Ivica Zubac are among the 17 players who are candidates to make up the 12-man roster, while former NBA wing Mario Hezonja is one of the other notable names in that group.
South Sudan, which has already qualified for the Olympics based on its results at last year’s World Cup, revealed a 25-man preliminary roster for Paris (Twitter link). Some of the biggest names in the mix for roster spots include Bol Bol, Wenyen Gabriel, Thon Maker, JT Thor, and World Cup star Carlik Jones.
Seventeen-year-old Australian prospect Roman Siulepa is signing with the Tasmania JackJumpers as part of the National Basketball League’s Next Stars program, he tells Jonathan Givony of ESPN. Givony identifies Siulepa as one of the most promising international prospects in his age group, noting that the 6’7″ small forward has averaged 21.0 points and 10.7 rebounds per game in the second division of Australia’s NBL this season.

Projected Lottery Pick Nikola Topic Has Partially Torn ACL

June 5th, 2024 at 11:18am CST by Luke Adams

Nikola Topic, long considered a probable lottery pick in the 2024 draft, has been diagnosed with a partially torn ACL, agent Misko Raznatovic confirmed to Jonathan Givony of ESPN.

Topic is among the prospects currently in attendance at the NBA’s international draft combine in Treviso, Italy for players who couldn’t make it to last month’s combine in Chicago. This week’s international combine features a medical examination – including imaging – for all participants, which confirmed the diagnosis for the 6’7″ guard.

As an early entrant in this year’s draft class, Topic has until June 16 to decide whether or not he wants to keep his name in the pool. The plan, Givony writes, is for the Serbian point guard to travel in the coming days to the United States, where he’ll be evaluated by NBA team doctors and work out a treatment plan, including possible surgery.

For what it’s worth, Raznatovic told Givony that he doesn’t think the injury will have a significant impact on Topic’s draft stock due to his age (19 in August) and the early feedback from U.S. doctors who have looked at his MRIs. Those doctors have said the stability of the knee is “in excellent shape,” per Raznatovic.

While it’s hard to imagine an NBA franchise being quite as enthusiastic about using a lottery pick on a player with an injury that could cause him to miss some or all of his rookie season, Topic’s recovery timeline could be accelerated if doctors determine that reconstructive surgery isn’t necessary.

Teams drafting in the top 15 will be assured of receiving Topic’s medical information, Givony notes, due to a rule change in the new CBA. It would be up to Topic’s representatives to decide whether to share his medicals with teams outside of the top 15.

As Givony writes, Topic initially sustained a left knee injury in January while playing for Crvena Zvezda in Serbia. He returned to action in late April, but played just three Adriatic League games before hurting the knee again. The No. 9 player on ESPN’s 2024 big board, Topic was excellent when healthy in 2023/24, averaging 18.6 points and 6.9 assists per game for Mega Basket and Crvena Zvezda, per Givony.

Poll: Who Will Win 2024 NBA Finals?

June 5th, 2024 at 10:15am CST by Luke Adams

Based on what we’ve seen to this point in the 2023/24 NBA season, we have little reason to view the Celtics as anything but strong favorites entering the NBA Finals. Betting website BetOnline.ag agrees, listing them at -220 to win the series.

Boston finished the regular season with a 64-18 record, seven games ahead of any other team in the NBA, 14 games ahead of any other Eastern Conference team, and 14 games ahead of the Mavericks.

Only 21 teams in NBA history have won more games in a single regular season than the Celtics did this year, and 15 of those clubs won championships.

Only two teams in league history have had a higher regular season net rating (+11.7) than the Celtics did in 2023/24, and both of those teams (the 1996 and 1997 Bulls) won titles.

None of this year’s playoff teams has a better postseason record (12-2) or net rating (+10.8) than the Celtics. By comparison, the Mavericks are at 12-5 and +4.1.

So what’s the case against the Celtics? Well, there are a few factors to consider with Game 1 set to tip off on Thursday.

For one, will the Celtics have a healthy Kristaps Porzingis? The big man intends to suit up on Thursday, barring a setback, but he admitted to reporters on Tuesday that he’s not sure whether he’s 100% after being sidelined for approximately five weeks due to a calf strain that forced him to miss two full rounds of the playoffs.

If Porzingis is unavailable or unable to perform at his usual level, it would reduce the Celtics’ offensive options and limit their ability to protect the rim on defense. The Mavericks have thrived this postseason in part by letting centers Daniel Gafford and Dereck Lively hang out near the basket to defend the paint, allowing rival big men to let it fly from beyond the arc. That would be a more difficult strategy to deploy vs. Boston if Porzingis (who made 37.5% of 5.1 threes per game this season) is back in form.

The more difficult path the Mavericks traveled to reach the NBA Finals may be another point in their favor. None of the teams the Celtics defeated en route to the Finals had a top-10 record or a top-nine net rating during the regular season, and all three were missing their best players for part or all of the series vs. Boston (Jimmy Butler for Miami, Donovan Mitchell for Cleveland, and Tyrese Haliburton for Indiana).

Dallas, on the other hand, ran through three of the Western Conference’s top four seeds, knocking off a Clippers team that ranked seventh in net rating during the regular season before going on to upset the Thunder (No. 2 in net rating) and Timberwolves (No. 3). The Mavs weren’t supposed to make it this far, which means they’re essentially playing with house money at this point, whereas the Celtics – following a series of playoff letdowns in recent years – are in championship-or-bust mode and may be feeling more pressure.

Finally, while the Celtics had the strongest, most well-rounded starting lineup of any NBA team this season, the Mavericks showed in the Western Conference finals vs. Minnesota that if their stars – Luka Doncic and Kyrie Irving – are the best players on the court, they can get enough from their role players to beat a team with a more talented supporting cast. Boston will have plenty of talented defenders to throw at Doncic and Irving, including Jrue Holiday and Derrick White, but if the Mavs’ star guards can outplay Jayson Tatum and Jaylen Brown, they’ll have a chance.

We want to know what you think. Are there enough compelling reasons to believe the Mavericks can pull off the upset and become the NBA’s 2024 champions, or will Boston cap off a dominant season by winning its record-setting 18th title?

Vote in our poll, then head to the comment section below to share your predictions!

Pacific Notes: LeBron, Irving, O’Neale, Ballmer

June 5th, 2024 at 9:13am CST by Luke Adams

Discussing his former teammate Kyrie Irving on his Mind The Game podcast (YouTube clip), Lakers star LeBron James said he has gotten satisfaction out of watching Irving’s success in Dallas, but admitted that he’s disappointed to no longer be playing with the star guard.

“I’m so f—ing happy and so proud to watch him continue his growth,” James said. “I’m so f—ing mad at the same time that I’m not his running mate anymore.”

As Dave McMenamin of ESPN details, Irving requested a trade out of Cleveland in 2017, in large part due to his desire to get out from under James’ shadow and to have his own team, but the mutual appreciation between the two stars seems to have grown since their days together as Cavaliers.

LeBron was known to be pushing for the Lakers to acquire Irving during multiple transaction cycles before the guard was ultimately sent to Dallas at the 2023 trade deadline. However, with Irving thriving in Dallas and under contract for up to two more seasons, it seems unlikely at this point that he and James will reunite prior to LeBron’s retirement.

James added that he doesn’t view the Mavericks as a significant underdog vs. Boston in the NBA Finals because he views Irving as a potential difference-maker.

“To have a guy like Kyrie Irving as the ultimate wild card,” James said. “It’s like having a Draw 4 in your hand every time someone deals you cards in Uno.”

Here’s more from around the Pacific:

Responding to an ESPN report that said the Suns are expected to retain free agent forward Royce O’Neale, John Gambadoro of Arizona Sports 98.7 confirmed on The Burns & Gambo show (podcast link) that a new deal between the two sides is likely, but suggested that Phoenix will probably have to offer a longer-term contract to make sure it gets done. “What they’re going to have to three or four years to keep him. Other teams will probably offer him more money on a shorter-term deal,” Gambadoro said. “… What I’m expecting and what I’ve heard is that the Suns will likely go three to four years on an offer to keep Royce O’Neale.”
With the TV series ‘Clipped’ debuting this week, Law Murray of The Athletic takes a look back at how Steve Ballmer reset the Clippers‘ culture after buying the team in 2014 following the Donald Sterling scandal. “It was positive in a way,” former Clippers center DeAndre Jordan said of the Sterling situation. “Because we did end up getting one of the greatest sports owners, in my opinion, in Steve. The things that he’s done have been amazing, and I can’t wait to see what he continues to do, especially starting next year (when the Clippers move into their new arena).”
In case you missed it, the Lakers are said to be “zeroing in” on J.J. Redick as their next head coach. Get the full story here.

Central Notes: Eversley, Bulls, Pacers, Pistons

June 5th, 2024 at 7:58am CST by Luke Adams

Bulls general manager Marc Eversley, who reportedly received consideration from Detroit and Charlotte when those teams sought new heads of basketball operations earlier this year, recently signed a new three-year contract with Chicago that will begin in July, a source with knowledge of the situation tells Darnell Mayberry of The Athletic.

Eversley, who was hired by the Bulls in 2020, has served since then as the front office’s No. 2 executive under head of basketball operations Arturas Karnisovas.

The Athletic’s report on Eversley’s contract situation comes within a larger look at some key questions facing the Bulls this offseason, as Mayberry considers what the future holds for DeMar DeRozan and Lonzo Ball, among others. Mayberry speculates that if the Bulls want to do a short-term deal for DeRozan, they may have to offer upwards of $40MM annually; he also suggests that team officials seem less optimistic than Ball about his ability to be ready to go on opening night in 2024/25.

Here’s more from around the Central:

This year’s Pacers have been likened by some to the 2021 Hawks, who unexpectedly made the Eastern Conference finals but haven’t won a playoff series since then, writes Dustin Dopirak of The Indianapolis Star. However, Tyrese Haliburton believes the 2010-14 Pacers (who won five total playoff series and made the Eastern Conference finals twice) are a better reference point for Indiana’s current team, adding that he and his teammates will be fueled by the skepticism about their staying power. “We’re a group of guys that are really motivated by negativity, motivated by being doubted,” Haliburton said. “That’s how a lot of us guys are motivated. I’m really excited to go into this next year with, ‘The Pacers made the Eastern Conference finals. Can they do it again? They probably can’t. They’re this, they’re that.’ That’s exciting for our group.”
Omari Sankofa II of The Detroit Free Press (subscription required) poses five crucial questions for new Pistons president Trajan Langdon to consider, including whether the Cade Cunningham/Jaden Ivey backcourt duo can work long-term, whether Jalen Duren is a franchise center, and whether this offseason is the right time to take a big swing.
James L. Edwards III of The Athletic takes a look at Langdon’s draft history as the Pelicans’ general manager to get a sense of what sort of player the Pistons might target at No. 5. In Edwards’ view, a “long, rangy” wing could be Detroit’s preference, with Matas Buzelis among the prospects who could be a fit in at No. 5.

Timberwolves President Connelly Agrees To Restructured Contract, Will Stay With Club

June 4th, 2024 at 10:17pm CST by Dana Gauruder

The speculation regarding Tim Connelly‘s future has been pushed back for at least one season.

According to The Athletic’s Jon Krawczynski and Shams Charania (Twitter links), Connelly has agreed to a restructured contract with the Timberwolves that will keep him in charge of Minnesota’s front office for at least one more season.

Connelly had an opt-out clause in his contract that could have made a highly desirable “free agent” among NBA executives. Connelly helped build the Nuggets into a championship club and constructed a Timberwolves roster that made them a Western Conference finalist.

He’ll now be able to opt out after next season.

There has been heavy speculation that Connelly might exercise the opt-out due to the franchise’s ongoing ownership dispute. Current majority owner Glen Taylor is at odds with prospective owners Marc Lore and Alex Rodriguez over financial issues. A three-person arbitration panel has been selected to oversee the ownership dispute, but there are no signs of a quick resolution.

Connelly, the Timberwolves’ president of basketball operations, recently indicated that the ownership dispute wouldn’t be a deal-breaker for his future with the organization.

“I’ve had a blast here. Feels like we have roots here. It’s pretty special. That’s the goal. It has been a great couple years, and hopefully, we can make it a much longer couple years,” he said.

By restructuring his contract, Connelly can now focus on trying to tweak the Timberwolves’ roster and get them into next year’s Finals. If things go sour, he’ll have the option of moving on to another organization.

Connelly was on the Pistons’ radar for their president of basketball operations job before they decided to hire Pelicans GM Trajan Langdon.

Even with the ownership issues, Connelly’s preference was to stay in Minnesota. He and his family have settled into the area. He could sign another long-term deal after the ownership situation settles, Krawczynski reports.

Spurs Notes: Risacher, Win-Now Mode, Holland, Graham

June 4th, 2024 at 9:28pm CST by Dana Gauruder

The Spurs hold the No. 4 overall pick in the draft and French forward Zaccharie Risacher might be a good fit for their roster. However, Risacher will likely be off the board by then and LJ Ellis of SpursTalk.com explores whether San Antonio should take him if he slides to their pick or even move up to nab him.

Ellis notes that the Spurs are in the market for multi-positional, multi-skilled players and Risacher might fit that description as well as any lottery prospect. However, statistical models don’t flatter the Frenchman, as he grades out as a typical second-round selection.

We have more on the Spurs:

The Spurs want to be competitive next season and make the playoffs, Jonathan Givony of ESPN told Kevin O’Connor of The Ringer during a podcast (video link). “They’re not looking to make this a 2-3 year process where they’re in the lottery again next year,” said Givony, who reports that they may look to trade the No. 4 and/or No. 8 selections in this year’s draft for a veteran who can help right away. Givony adds that Victor Wembanyama and Devin Vassell are the only untouchables on the roster.
Ron Holland might have been the top prospect of this year’s draft coming into this season. Holland’s stock took a hit during his one year with the G League Ignite but that might be good news for the Spurs, Jeff McDonald of the San Antonio -News writes, since they are seeking a promising wing scorer with size. Holland is currently ranked No. 11 on ESPN’s Best Available list and could be a consideration with the latter of their lottery picks.
Devonte’ Graham, who has one year remaining on his four-year, $47MM contract, spent four days in Spain coaching at the NBA’s Basketball Without Borders camp. Nick Moyle of the Express-News details Graham’s experience at the camp. Graham added he’s looking forward to next season. “I come back every year same thing: motivated, do my part, leadership,” he said. “And we’ll see where it goes.” For what it’s worth, since the guard’s $12.65MM salary for 2024/25 is only partially guaranteed for $2.85MM, he may hit the free agent market this summer.

Northwest Notes: Williams, Blazers, Wolves, Hayward

June 4th, 2024 at 7:47pm CST by Dana Gauruder

As Bulls forward Patrick Williams heads into restricted free agency, look for the Thunder to make a run at him, The Athletic’s Darnell Mayberry reports. A league source tells Mayberry that Oklahoma City has “great interest” in the 22-year-old.

Williams, who has failed to live up to his draft billing as the No. 4 pick in 2020, would give the Thunder more size at power forward. Oklahoma City’s stash of draft picks could entice Chicago to negotiate a sign-and-trade with the Thunder. Williams was limited to 43 games this season due to a foot injury.

We have more from the Northwest Division:

The Trail Blazers hosted six draft prospects on Tuesday — Daniss Jenkins (St. John’s), Dillon Jones (Weber State), Spencer Jones (Stanford), Jared McCain (Duke), Noah Penda (JA Vichy-Clermont) and Armel Traore (Ada Blois), Sean Highkin of Rose Garden Report tweets. Out of that group, McCain is the most highly regarded by draft pundits. The point guard is currently rated No. 15 overall on ESPN’s Best Available list. Portland controls the seventh and 14th overall picks, along with No. 34 and No. 40.
The Timberwolves were also busy evaluating draft prospects on Tuesday, according to the team’s PR department (Twitter link). Sy Chatman (Buffalo), Enrique Freeman (Akron), Pelle Larsson (Arizona), KJ Simpson (Colorado), Justin Webster (UNLV) and Moses Wood (Washington) visited Minnesota’s practice facility. Larsson (No. 44), a shooting guard, is the highest-ranked prospect among that group on ESPN’s list.
In his latest player report card, The Oklahoman’s Joe Mussatto evaluates the forgettable half-season that Gordon Hayward spent with the Thunder. Hayward is headed to unrestricted free agency and Mussatto opines that the forward might be looking at veteran’s minimum offers the remainder of his career.

Mavs Notes: Doncic, Porzingis, Lively, Dumont, Washington

June 4th, 2024 at 6:20pm CST by Dana Gauruder

Former NBA player Chandler Parsons stated on FanDuel’s Run It Back program that Luka Doncic did not like playing with Kristaps Porzingis when the two were Mavericks teammates from 2019-22.

That’s news to Doncic, who denied there was any friction between him and the current Celtics big man.

“They’re wrong. I’ve talked to Chandler Parsons maybe twice in my life, so I don’t know how he would know this,” he said, per Kevin Sherrington of the Dallas Morning News. “Me and KP have a good relationship. I don’t know why people say these things.”

We have more from the Mavericks:

Remember when the league fined the Mavericks $750K for resting players during the second-to-last game last season, when they were still in the play-in hunt? It was worth the fine, ESPN’s Tim MacMahon notes, as they wound up drafting Dereck Lively II in the lottery at No. 12 after trading down. Dallas needed to make swift moves to build around Doncic and Kyrie Irving and the Mavs struck gold in the draft. The tank job was a transparent attempt by the Mavs to hang on to the top-10-protected pick they owed the Knicks as the final payment on the Porzingis blockbuster deal.
Patrick Dumont, the franchise’s majority shareholder, knew the team could be a contender this season. But he had no idea the Mavs would be in the Finals when the purchase from Mark Cuban was approved by the league’s Board of Governors in late December. “No, we were just very happy and honored to be able to be here,” Dumont told Brad Townsend of the Dallas Morning News. “Like, we had no idea. But we knew this team would compete. And we’re very excited about the work they’ve put it in and the results. It’s phenomenal.”
P.J. Washington and Daniel Gafford went from lottery teams prior to the trade deadline to now playing prominent roles on a Western Conference champion. Washington feels blessed to be in this position, he told Eddie Sefko of Mavs.com. “I’m pretty sure he (Gafford) didn’t expect to be here, just like I didn’t,” Washington said. “It’s a lot of emotions coming from Charlotte and not really winning a lot of games to being in the Finals in a matter of months. It’s a quick turnaround and we’re just extremely grateful. We’re not taking anything for granted. As a kid, I never thought I’d be in the position that I’m in now.”
Lively developed quicker than coach Jason Kidd expected, Sefko writes in a separate story. “When we got Lively, we felt it was going to fill one of the holes that Luka was looking for, a vertical guy,” Kidd said. “You could see the future of him being the anchor of the defense. The future just happened to come a lot faster. He wanted that responsibility. Sometimes, young players will shy away from that. But he ran to it.”