Top 50 NBA Free Agents Of 2024

The NBA offseason has begun and so has free agency — sort of. For the first time this year, teams are permitted to begin negotiating with their own free agents one day after the NBA Finals end rather than having to wait until June 30 to do. Clubs still aren’t allowed to talk to rival teams’ free agents until June 30, and most contracts can’t be officially signed until July 6, but it’s possible some free agents will reach tentative agreements prior to the typical opening on the free agent period.

Listed below are our top 50 free agents for the 2024/25 NBA season.

Our rankings are essentially a reflection of what sort of contract we expect each player to sign, with our focus leaning more toward market value than on-court value. The rankings take into account both a player’s short-term and long-term value — if we were to consider solely a player’s worth for 2024/25, certain veterans would place higher, while younger free agents with upside would be ranked lower.

Players who have contracts for next season aren’t listed here, even if they’re candidates to be waived (Chris Paul and his $30MM non-guaranteed salary, for instance).

In addition to the players listed below, there are plenty of other free agents available this summer. You can check out our breakdowns of free agents by position/type and by team for the full picture.

Here are our top 50 free agents of 2024:

(Note: We’ve included news of contract agreements for the players who reached deals before the official start of free agency on June 30.)


1. Paul George, F, Clippers
George is in a perfect position to cash in this summer, with his current team – the Clippers – feeling pressure to retain him as it moves into its new Inglewood arena and looks to keep its window of contention propped open, while the contender with the most cap room – Philadelphia – has made the star forward its top target. When teammate Kawhi Leonard signed a three-year, $152MM extension in January, it appeared George might have to “settle” for a similar deal. Now a four-year, maximum-salary contract worth at least $212MM (or up to $221MM if he re-signs in L.A.) appears entirely realistic for George, even at age 34.

2. Tyrese Maxey, G, Sixers (RFA)
After just missing out an All-NBA team this season, Maxey didn’t qualify for the “Rose Rule” max that would have started at 30% of the 2024/25 salary cap instead of 25%. That will make the Sixers’ decision on the 23-year-old pretty easy. It’s hard to envision a scenario in which they don’t offer this season’s Most Improved Player a five-year, maximum-salary deal that will pay him a projected $204MM. Maxey’s cap hold is only around $13MM, so Philadelphia will use up all its cap room before using his Bird rights to go over the cap to sign the ascendant guard to a deal starting at $35MM+.

3. Pascal Siakam, F, Pacers
The Raptors traded Siakam in January in part because they didn’t appear comfortable committing to him on another long-term, maximum-salary deal. The Pacers were willing to give up three first-round picks for the two-time All-NBA forward because they’re more comfortable with that idea, especially after he led the team in playoff scoring en route to an appearance in the Eastern Conference finals. Siakam doesn’t fit the mold of a traditional star, but he provides positive value in a lot of different ways and should have several more prime years left in him as he enters his age-30 season. I’m not sure the Pacers will go up to five guaranteed years, but Siakam’s deal will be one of the summer’s largest.
Update: Siakam reportedly intends to sign a four-year, maximum-salary contract with the Pacers.

4. LeBron James, F, Lakers
You can certainly make the case that James, a four-time MVP and one of the NBA’s all-time greats, belongs at the top of this list, given that he’ll receive another maximum-salary contract this offseason unless he decides to accept a pay cut. But the three players above him are also considered good bets to sign for the max or close to it, so their overall paydays this summer figure to surpass that of James, who is ineligible for a deal longer than three years due to the Over-38 rule. James will turn 40 in December and may not even want to play for three more years, but after averaging at least 25 points per game for a 20th straight season, I expect the Lakers – and any other suitor – to give him whatever deal he asks for.

5. OG Anunoby, F, Knicks
If there were a version of Anunoby who was a lock to play 75 games every year, he’d probably be a legitimate maximum-salary candidate. Teams will be reluctant to make that sort of commitment to this version. As dynamic a three-and-D player as Anunoby is, injuries have cost him 29, 34, 15, and 32 games in the past four seasons. Still, it’s hard to overstate the impact he had on the Knicks following a midseason trade from Toronto. New York’s net rating during his 802 regular season minutes was an eye-popping +21.7. Both the Knicks’ offensive rating (122.6) and defensive rating (100.9) during those minutes would’ve ranked first in the NBA.
Update: Anunoby reportedly intends to sign a five-year, $212.5MM contract with the Knicks.

6. DeMar DeRozan, F, Bulls
The Bulls raised some eyebrows in 2021 when they gave up a handful of assets, including a first-round pick, to sign-and-trade for DeRozan and awarded him a three-year, $82MM contract. It turned out to be perhaps the best move the team’s current front office has made. DeRozan’s scoring average of 25.5 points per game since arriving in Chicago is the highest of any three-year stretch in his career, and he showed no signs of slowing down during his age-34 season in 2023/24, improbably leading the NBA in total minutes. He’s not going to get a massive long-term contract, but there’s no reason to think DeRozan will have to take a pay cut on his ’24/25 salary of $28.6MM.

7. Immanuel Quickley, G, Raptors (RFA)
It may be surprising to see Quickley rank this high, but he’s going to get paid this offseason. Recent rookie scale extension recipients like Tyler Herro (four years, $120MM), Jordan Poole (four years, $123MM), and Devin Vassell (five years, $135MM) are a few points of comparison for Quickley, who was the centerpiece of Toronto’s return in the Anunoby trade and averaged 18.6 points, 6.8 assists, and 4.8 rebounds per game with a .395 3PT% in his first 38 games as a Raptor. I fully expect Quickley’s new deal to be in the nine figures.
Update: Quickley reportedly intends to sign a five-year, $175MM contract with the Raptors.

8. Nic Claxton, C, Nets
Referred to as a future Defensive Player of the Year by his new head coach, Claxton will enter the offseason as the top center in a relatively weak class of free agent big men, with many teams around the NBA in need of rim protection. The Nets have called re-signing Claxton a top priority, but figure to face significant competition for his services, so a long-term contract worth $25MM per year certainly seems within reach for the 25-year-old.
Update: Claxton reportedly intends to sign a four-year, $100MM contract with the Nets.

9. James Harden, G, Clippers
The former MVP is no longer an offense unto himself like he was during his prime with the Rockets, having taken a step back in recent years in Brooklyn, Philadelphia, and Los Angeles while playing with other stars. Harden’s usage rate, which got up to 40.5% one season in Houston, was just 20.6% in 2023/24, easily the lowest it’s been since his Thunder days. Harden is still a talented scorer and play-maker (8.5 APG last season), but it’s harder to justify an investment anywhere close to the maximum for this version of the veteran guard, who will be 35 in August.
Update: Harden reportedly intends to sign a two-year, $70MM contract with the Clippers.

10. Malik Monk, G, Kings
After an up-and-down start to his NBA career, Monk began to show more promise in his final year in Charlotte and his lone season with the Lakers, but he’s taken his game to a new level in Sacramento since 2022. While his three-point percentage has slipped (it was down to 35.0% in 2023/24), Monk has thrived running the Kings’ second-unit offense and playing in closing lineups, averaging a career-high 15.4 points and 5.1 assists in just 26.0 minutes per game this past season. With Monk’s Early Bird rights, Sacramento will be able to go up to about $78MM over four years, but it won’t be a surprise if there’s another team prepared to go even higher than that. Monk is just 26 years old, so his next deal should cover his prime years.
Update: Monk reportedly intends to sign a four-year, $78MM contract with the Kings.

11. Kentavious Caldwell-Pope, G, Nuggets
Caldwell-Pope has always been valued for his three-and-D skill set, but he bounced around the league a bit before arriving in Denver in 2022 and never secured the sort of lucrative long-term deal that matched up with his on-court contributions. Over the past two seasons with the Nuggets, he has knocked down 41.5% of his three-pointers and served as one of the team’s go-to perimeter defenders, winning his second championship in 2023 (he also won one in 2020 with the Lakers). He’s on the wrong side of 30, but I still expect him to get the largest contract of his career this offseason — whether that will happen in Denver, where the Nuggets might have to surpass the second tax apron to bring him back, is an open question.

12. Miles Bridges, F, Hornets
If we were evaluating Bridges based solely on his on-court performance, he’d rank as high as sixth on this list. But any team considering signing him will have to account for his off-court history, which includes multiple domestic violence allegations — one of those cases was eventually dropped, while the other resulted in Bridges pleading no contest (accepting punishment without formally admitting guilt). It’s possible Bridges will be a model citizen going forward, but a lucrative long-term contract doesn’t come without risk and would be a tough sell to many fans. With that in mind, I’m hesitant to project the kind of $120MM+ contract he appeared on track for during his first foray into free agency in 2022, unless it comes with significant protections for the team.

13. Isaiah Hartenstein, C, Knicks
After an up-and-down first season in New York, Hartenstein had a career year in 2023/24, stepping in as the Knicks’ starting center following Mitchell Robinson‘s ankle injury and playing strong defense while setting new career highs in several categories, including rebounds (8.3), assists (2.5), and steals (1.2) per game. Like Monk, Hartenstein only has Early Bird rights, so the Knicks’ offer can’t exceed approximately $72.5MM over four years. It seemed unlikely just a few months ago that the big man would get anything close to that, but the center market will be relatively sparse, especially if Claxton re-signs with the Nets, and one report suggested a deal in the $80-100MM range isn’t out of the realm of possibility for Hartenstein.

14. Klay Thompson, G/F, Warriors
Prior to the ACL and Achilles tears that sidelined him for two full seasons from 2019-21, Thompson was a career 41.9% three-point shooter and a strong defender. Since the injury, he’s lost a step on defense and his three-point rate has fallen off a little, but he has still never registered a full-season 3PT% below 38.5% and he averaged 17.9 points in just 29.7 minutes per game in 2023/24. If the Warriors aren’t prepared to give the 34-year-old a two- or three- year contract in the range of $25MM per year, I wouldn’t be surprised if a cap-room team seeking a shooter with championship experience (e.g. the Magic, Thunder, or Sixers) swoops in with an aggressive short-term offer.

15. Tyus Jones, G, Wizards
A nine-year veteran, Jones has never been considered a star, but he’s one of the NBA’s most underrated point guards, and he proved in 2023/24 that he can maintain his strong per-minute numbers in a starting role. His .489 FG%, .414 3PT%, 12.0 PPG, and 7.3 APG were all career highs, and no one in the league is better at protecting the ball (his 1.0 turnover per game in ’23/24 was the worst mark of his career). Having held onto him at the trade deadline, the Wizards presumably recognize the value of having Jones run the show on a young, rebuilding roster and will look to re-sign him this summer. But I expect him to draw significant interest from playoff teams at the full mid-level ($12.9MM) and potentially well above that.

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Kristaps Porzingis Confirms He’ll Undergo Leg Surgery

Celtics big man Kristaps Porzingis confirmed after his team put the finishing touches on its championship run on Monday night that he’ll undergo surgery to address his “rare” left leg injury, according to Tim Bontemps of ESPN.

Porzingis added that the recovery process will likely take a “few months.” Given the quick turnaround between the end of the Celtics’ season and the start of the 2024/25 campaign, it’s unclear whether or not he’ll be ready to go for training camp in the fall.

Porzingis suffered the injury in Game 2 while battling for rebounding position on a free throw attempt after having returned from a calf strain in his right leg at the start of the NBA Finals. In their announcement last week, the Celtics referred to the new ailment as a “torn medial retinaculum allowing dislocation of the posterior tibialis tendon” in the veteran center’s left leg.

Porzingis missed Game 3 and didn’t play in Game 4 despite being active. He returned to the court for Game 5 on Monday, contributing five points and a rebound in 16 minutes of action. Boston outscored Dallas by eight points when he was on the court.

If it had occurred during the regular season, the injury likely would’ve sidelined Porzingis immediately for a lengthy period. However, he was determined to try to play through it if he could, even though he admitted after Monday’s series-clinching victory that he had concerns about potentially making it worse.

“I think something could have happened, for sure, especially compensating now on the other leg now, which I just came back from,” he said, per Bontemps. “There was definitely some added risk, but I didn’t care. I was like, ‘I want to give everything I can and then fix it after if I need to.'”

Having signed a two-year, $60MM extension with the Celtics after being traded to the team last summer, Porzingis is under contract through the 2025/26 season. He’ll make approximately $29.3MM in ’24/25.

Celtics Win First Title Since 2008; Brown Named MVP

The Celtics won their record-breaking 18th NBA championship and first since 2008 on Monday night, defeating the Mavericks in Game 5, 106-88. Boston now has one more title than the Lakers.

Jayson Tatum racked up 31 points, 11 assists and eight rebounds in Game 5, while Jaylen Brown supplied 21 points, eight rebounds and six assists.

Brown was named the Finals’ Most Valuable Player, Brian Robb of MassLive.com tweets. He received seven of 11 possible votes from media members, with Tatum getting the other four (Twitter link).

Dallas extended the series with a lopsided victory in Game 4 but had no answers for the deeper Celtics when the series shifted back to Boston. The Celtics opened up a 67-46 halftime lead and cruised to the finish line.

Boston, which entered the playoffs as the top seed, is well-positioned to shoot for back-to-back titles. All of its key players — Tatum, Brown, Kristaps Porzingis, Jrue Holiday, Derrick White, Al Horford and Payton Pritchard — are signed through at least next season. The Celtics hold a $2.1MM option on Sam Hauser‘s contract, which they will likely exercise.

Tatum is signed through the next two seasons, though he holds a $37.1MM player option for the 2025/26 season. Tatum is eligible for a five-year super-max extension worth a projected $315MM next month.

The Mavericks also have most of their rotation players signed through at least next season, with Derrick Jones Jr. the only exception — he’ll be an unrestricted free agent this summer. Dallas could look to make at least one significant upgrade via the trade market to provide another scoring option for Luka Doncic and Kyrie Irving.

With the Finals decided, the 2024 NBA offseason is officially underway. For the first time, teams will be permitted to negotiate contracts with their own free agents one day after the Finals. Players who won’t be free agents this offseason but who will become eligible to sign contract extensions on July 6 will also be permitted to negotiate with their current teams as of Tuesday.

Thus, it wouldn’t be surprising if some agreements are reported this week. Free agent contracts still can’t be officially finalized until after the July moratorium lifts on July 6.

The draft will be held on June 26-27 with free agency beginning on June 30 at 6 p.m. Eastern time.

Western Notes: Kings Workout, Jazz Workout, Kolek, Suns’ Targets

The Kings hosted a pre-draft workout on Monday that included two of the top center prospects, two-time National Player of the Year Zach Edey (Purdue) and Kel’el Ware (Indiana), Sean Cunningham of FOX 40 Sacramento tweets. Both are projected to be taken in the first round. Jamison Battle (Ohio St.), Boogie Ellis (USC), Rayj Dennis (Baylor) and Jonathan Mogbo (USF) were the other visitors.

We have more from the Western Conference:

  • The Jazz held a pre-draft workout on Monday that included Melvin Ajinca (France), Ulrich Chomche (Cameroon), Tyler Kolek (Marquette), Ajay Mitchell (UCSB) and Tyler Wahl (Wisconsin), Darren Wolfson tweets. Kolek, a point guard, is considered a first-round pick. All the other prospects except for Wahl are ranked among the Top 50 on ESPN’s Best Available list.
  • Speaking of Kolek, the Suns are expected to target the Marquette floor leader, according to Michael Scotto of HoopsHype. Phoenix currently owns the No. 22 pick. The Suns are searching for a traditional point guard.
  • The Suns will only be able to make veteran’s minimum offers to free agents due to their salary cap restraints. Gerald Bourguet of GoPHNX.com looks at 20 free agent wing options, breaking them down by realistic targets and others that may be out of their price range.

Central Notes: Caruso, Pacers Workout, Haliburton, Bucks

The Bulls have fielded numerous inquiries and proposals regarding guard Alex Caruso, says Will Gottlieb of AllCHGO.com. According to Gottlieb, Chicago was offered multiple protected first-round picks ahead of this year’s trade deadline, with the Warriors among the teams who made a strong offer for Caruso. One of those proposed deals included a 2024 pick that ended up being a top-10 selection, per Gottlieb.

However, the Bulls have thus far resisted moving Caruso, with ownership pushing the front office to continue competing for the postseason rather than undergoing a major rebuild. Caruso is extension-eligible this summer.

We have more from the Central Division:

  • The Pacers are holding a pre-draft workout on Tuesday with some potential second-round picks in the mix. They’ll host Nikola Djurisic (Serbia), Allen Flanigan (Mississippi), Isaac Jones (Washington State), Tristen Newton (Connecticut), Donta Scott (Maryland), and Santiago Vescovi (Tennessee). Shooting guard Djurisic is ranked No. 41 overall on ESPN’s Best Available list, with forward Jones (No. 57) and Newton (No. 68), point guard for national champion UConn, also among the top 75.
  • Coming off their run to the Eastern Conference Finals, the Pacers now must focus on taking the next step, star guard Tyrese Haliburton told Scott Agness of Fieldhouse Files. “It was a great year for us as a team, me individually, of course, but we know there’s another step for us to go, and obviously not satisfied with just Eastern Conference Finals. We want to do a lot more,” he said.
  • The Bucks currently hold the No. 23 and 33 picks in the draft. What type of players should they target? The Athletic’s Eric Nehm and Sam Vecenie explore that topic, with Vecenie suggesting Indiana’s Kel’el Ware, Purdue’s Zach Edey and Dayton’s DaRon Holmes could get a long look with one of their selections as the club seeks a long-term option at the center spot. Vecenie also mentions numerous prospects at other positions.

Hawks GM Fields Expects To Keep Top Pick

The Hawks are expected to hold onto the No. 1 overall pick in the draft, Charles Odum of The Associated Press reports.

Hawks general manager Landry Fields said during a Monday press conference that while he won’t stop fielding offers for the pick, he’s inclined to keep it.

“I think we’re really excited by the draft,” Fields said. “And the more that we uncover, like we go, ‘Great, I’m glad we have No. 1.’ I keep joking around like, ‘I’m not giving it back.’ So, I think we’re in a really good position here. I’m excited about it, frankly.”

Fields wasn’t expecting to be in this position before the lottery but Atlanta had the winning combination and zoomed up from the No. 10 spot.

If the front office has settled on a player, Fields isn’t tipping his hand. He did indicate the staff had narrowed down the list in recent days.

“I would say a week ago it was wider than it is now,” he said. “The board is definitely shaping up, tearing itself out.”

Most mock drafts have the Hawks going the international route and selecting either small forward Zaccharie Risacher or power forward Alexandre Sarr. If they decide on a domestic prospect, UConn center Donovan Clingan or Kentucky guard Reed Sheppard could be the surprise top pick on June 26.

There are apparently a number of teams willing to move up, if the Hawks are willing to part with the top selection.

“I got a little time off (Sunday) because it was Father’s Day,” Fields said, per The Atlanta Journal Constitution’s Lauren Williams. “But for the most part, it continuously rings and we make outgoing calls as well, just to see what the rest of the landscape is looking like.”

According to Fields, he’ll make the final decision, not team owner Tony Ressler. Atlanta doesn’t currently own any other picks in the draft. Its second-rounder was dealt to Portland as part of a trade that allowed the Hawks to acquire Saddiq Bey.

Fields said the Hawks are looking for “a great fit for us, not just for the next day, but for the future as well.” He’s already certain they won’t have to worry about character issues.

“They’re just really good guys (and) good people in this draft and that doesn’t mean like it’s always like that,” Fields said. “But it really has been neat to kind of see especially the guys that are all projected to be at the top and guys that we’ve had in. Taking them to dinner and speaking with him, whether it’s in Chicago here in the building, on Zoom or elsewhere I mean, like we’ve had so many different mediums to do this. And just to get to know them more and more outside of just the intel that you gather around them. It’s just some really good guys.”

The Hawks would seemingly have a greater need in the frontcourt, though there’s been plenty of speculation that Fields may opt to break up his high-scoring backcourt of Trae Young and Dejounte Murray.

Kristaps Porzingis Available To Play In Game 5

6:15pm: Mazzulla indicated during his pregame press conference that Porzingis will see action tonight, Keith Smith of Spotrac tweets. “Expecting to see him tonight,” the Celtics’ head coach said.


5:40pm: Celtics big man Kristaps Porzingis is listed as available to play in Game 5 of the Finals tonight, ESPN’s Tim Bontemps tweets.

Porzingis went through a pregame workout before the team announced he could suit up.

Whether Porzingis actually gets into the game remains to be seen. Porzingis was available to play in Game 4 but coach Joe Mazzulla, with his team leading the series 3-0, opted to keep his usual starting center on the bench.

Porzingis hasn’t played since Game 2 of the Finals. He’s dealing with a torn medial retinaculum and dislocated posterior tibialis tendon in his left leg. The injury is unrelated to the calf strain that kept him out of action for over a month during the postseason.

Porzingis made a sparkling return in Game 1, contributing 20 points, six rebounds and three blocks in 21 minutes. He also played well in Game 2, supplying 12 points, four rebounds and two blocks in 23 minutes.

Latest On Klay Thompson

Klay Thompson has spent his entire NBA career with the Warriors after being selected 11th overall in the 2011 draft, making five consecutive All-Star teams from 2015-19 and winning four championships. However, the 34-year-old is set to hit the open market as an unrestricted free agent, and a return to Golden State appears far from certain.

Klay Thompson, I’m told, is open to all external options in free agency coming up,” Shams Charania of The Athletic said on FanDuelTV’s Run It Back show (Twitter video link). “He intends to test free agency.

We know the Warriors want him back — they offered him an extension before the start of the season. … What team out there could step up for Klay Thompson? That is gonna be the big question. But the Warriors will stay in touch with him.”

League sources tell Charania and Anthony Slater of The Athletic that there’s “mutual interest” between Thompson and the Magic, which has been rumored to be the case for at least two months. Golden State has “made clear” it wants to retain Thompson “at the right price and in the right role,” per The Athletic’s duo.

According to Monte Poole of NBC Sports Bay Area, Thompson is looking for a deal that covers a minimum of three years. Poole also hears the Warriors’ front office wasn’t alarmed by Thompson’s decision to stop following the team on Instagram, which has become common practice in contract negotiations.

He’s going to have to be really patient,” Thompson’s friend and former teammate Leandro Barbosa told Poole. “I hope he comes back to the Warriors. I don’t know what’s the situation, but it’s going to be tough. I know the money (in NBA contracts) is going up, and he’s been thinking about the money.

But I think he needs to be happy. I think that’s the most important thing.”

Poole suggests rival teams could be willing to offer Thompson more money than the Warriors. Still, as Charania mentioned, it’s unclear which teams might target Thompson beyond perhaps Orlando. Slater previously floated the Sixers and Thunder as possibilities, though Thompson would presumably be a fallback option for Philadelphia, which is reportedly focused on Paul George.

Thompson remains one of the league’s top three-point shooters, averaging 9.7 attempts per game while converting 40.0% of his looks beyond the arc over the past two seasons. However, the torn ACL and torn Achilles tendon that cost him two full seasons have sapped his lateral quickness and athleticism, so he isn’t the same player he once was, particularly on defense.

For what it’s worth, Warriors head coach Steve Kerr and longtime teammates Stephen Curry and Draymond Green all expressed a desire for Thompson to return after the veteran guard/forward was held scoreless (he went 0-10 from the field) when Golden State was eliminated by Sacramento in the West’s play-in tournament.

Thompson will join the Bahamian national team for its training camp this week in Houston, but he isn’t expected to play in the country’s Olympic qualifying tournament early next month, according to Charania and Slater. Thompson would need official clearance to play for the Bahamas in international competition since he won a gold medal with Team USA in 2016, and that is not expected to occur, per The Athletic.

Thompson’s father Mychal Thompson is from the Bahamas and his brother Mychel is an assistant coach on the national team.

2024 NBA Offseason Preview: Orlando Magic

After spending a full decade alternately mired in mediocrity (in the good years) or dwelling in the NBA’s cellar (in the bad), the Magic had a breakthrough in 2023/24.

Orlando’s 47-35 record was the team’s best mark since Dwight Howard was on the roster (2010/11), and while the club didn’t win a playoff series, its three first-round wins vs. Cleveland topped its combined postseason win total (two) across the previous 11 years. It was the second straight year in which the Magic made major strides — after winning just 22 games in 2021/22, they boosted that total to 34 in ’22/23 and 47 this past season.

The good news for the Magic is that their young core is largely responsible for that surge up the standings. Orlando’s top three scorers in 2023/24 were Paolo Banchero, Franz Wagner, and Jalen Suggs, all of whom will still be on their team-friendly rookie scale contracts in ’24/25. The franchise is in position to keep those players under team control for years to come.

The bad news? Well, “bad” may be an overstatement, but Wagner and Suggs are due for rookie scale extensions this offseason, with Banchero becoming eligible for a rookie scale extension of his own in 2025. That means the young core will be getting a lot more expensive over the next couple years, and the front office still needs more talent to become a legitimate contender in the Eastern Conference.

The Magic have managed their books well – no one made more than $17.4MM last season and there’s no guaranteed money on the cap beyond 2026 – so they’re in position to comfortably extend those cornerstone players. But the rising cost of the roster going forward means the 2024 offseason will be a critical opportunity for the Magic to continue making meaningful upgrades while they still have cap room available to do so.


The Magic’s Offseason Plan

Let’s start with the Magic’s cap outlook. They only have about $66MM on their books for the seven players on guaranteed contracts for 2024/25, but we can probably add Jonathan Isaac‘s $17.4MM non-guaranteed salary to that total.

Although Isaac – who appeared in just 11 games across the three previous seasons for health reasons – didn’t play big minutes in 2023/24, he suited up for 58 games and provided a reminder in his limited role (15.8 MPG) of why he was considered a future Defensive Player of the Year contender early in his NBA career. I can’t see him being waived, given the impact he’s capable of making on defense even as a part-timer.

Adding Isaac’s salary and a $3.6MM cap hold for Orlando’s first-round pick (No. 18) brings us to just over $87MM. Throw in three minimum-salary cap holds to get to 12 roster spots and the Magic end up with about $50MM in potential cap room.

Now, it’s important to clarify that Orlando would have to make certain sacrifices to fully take advantage of that $50MM. Joe Ingles ($11MM) and Moritz Wagner ($8MM) have team options; Caleb Houstan has a non-guaranteed salary ($2MM); and the Magic may want to try to re-sign free agents like Markelle Fultz, Gary Harris, and Goga Bitadze, all of whom would have cap holds to account for (ranging from $25.5MM for Fultz to just $2.1MM for Bitadze).

While turning down those options and renouncing all those free agents would get the Magic to $50MM in room, I’m skeptical they’ll go that route, given how inclined they’ve been in recent years to retain their own players.

But let’s say the team guarantees Houston’s salary, brings back one (not both) of Fultz or Harris for a deal in the range of the full mid-level ($12-13MM), declines the Ingles and Wagner options in the hopes of bringing them back for the veteran’s minimum and $8MM, respectively, and reaches a new agreement with Bitadze. That could still leave Orlando with upwards of $36-37MM in cap room to use, since Houston’s salary and Bitadze’s cap hold are so modest and Wagner and Ingles could be re-signed after the room is used up.

This is a roundabout way of saying that even if the Magic opt for continuity, they should still be in position to open up enough cap room to splurge on at least one starter-caliber player, and perhaps multiple rotation pieces.

Orlando has been mentioned as a possible Paul George landing spot, but that feels like a long shot. I expect George’s decision to ultimately come down to the Clippers and Sixers. The Magic have also been linked to Klay Thompson, Malik Monk, and D’Angelo Russell, all of whom look to me like much more plausible targets.

As talented offensively as both Banchero and Wagner are, neither of them has been a consistent threat from beyond the three-point line (Wagner was solid in his first two seasons but plummeted to 28.1% in ’23/24), which means the Magic would ideally surround them with two or three shooters. Suggs (39.7%) and Wendell Carter (37.4%) set new career highs in three-point percentage this past season, but Orlando’s roster isn’t exactly loaded with marksmen. Adding shooting will be the top priority this summer for a team that ranked dead last among 30 NBA teams in three-pointers made per game (11.0) in 2023/24.

Thompson, Monk, and Russell aren’t perfect players. Thompson has lost a step since his prime years due to his age (34) and a pair of major leg injuries; Monk’s three-point percentage has dropped over the past couple seasons and was all the way down to 35.0% in 2023/24; and Russell is a subpar defender whose weaknesses have been exposed in the last two postseasons.

Still, there are reasons to like all three fits. Thompson is one of the best shooters in NBA history and would bring championship experience to a relatively young team. Monk would add a new level of play-making to the Magic’s backcourt and would make them less reliant on Banchero and Wagner offensively. Russell is a talented scorer, a solid distributor, and – most importantly – an elite shooter (.415 3PT% on 7.2 attempts per game in ’23/24). Any of those three players would provide some offensive punch for an unbalanced Magic team that ranked third in defensive rating and 22nd in offensive rating.

Of the three, Thompson looks to me like the most intriguing fit, assuming he’s truly willing to leave Golden State. The Magic could potentially offer him an extremely lucrative short-term deal using their cap room, overpaying him for the next two seasons and then having his contract come off the books when he’s 36 and when Banchero’s next contract is about to take effect.

If Orlando strikes out on guys like Thompson and Monk, a few other free agents I view as possible fits include Tobias Harris, Gary Trent, and Buddy Hield. Again, given how good their defense already is, the Magic don’t necessarily need to be targeting two-way impact players like OG Anunoby or Kentavious Caldwell-Pope. They can afford to add a below-average defender if the trade-off on offense is strong enough.

If free agency doesn’t yield the type of upgrade the Magic are looking for, turning to the trade market would be a viable option. Orlando controls all of its future first-round picks, as well as the Nuggets’ 2025 first-rounder (top-five protected), so the club could put together a strong offer that includes multiple valuable draft assets without mortgaging its future at all.

While determining how the Magic will use their cap room is a more fun subject for speculation, it’s worth stressing that trying to workout extensions for Wagner and Suggs will also be a crucial part of the team’s offseason. Those negotiations could be tricky — both Wagner and Suggs are valuable assets, but neither is the sort of player who is a slam dunk for a maximum-salary offer, so they won’t necessarily get done early in July like Tyrese Haliburton, Anthony Edwards, and LaMelo Ball did a year ago.

Of the two players, Wagner is closer to max-worthy, and it wouldn’t shock me if Orlando ultimately puts that offer on the table for him. Something that comes in a little below the max (say, $175MM over five years) isn’t out of the realm of possibility either. Suggs likely won’t be in line for that sort of payday, but he substantially improved his value by making an All-Defensive team and raising his shooting percentages in year three. I could see the former No. 4 overall pick getting into the nine figures (ie. $100MM+) on a long-term extension.


Salary Cap Situation

Guaranteed Salary

Non-Guaranteed Salary

  • Jonathan Isaac ($17,400,000)
  • Caleb Houstan ($2,019,699)
    • Houstan’s salary will become guaranteed if he remains under contract through June 30.
  • Total: $19,419,699

Dead/Retained Salary

  • None

Player Options

  • None

Team Options

Restricted Free Agents

  • Chuma Okeke ($7,399,732 qualifying offer / $15,800,139 cap hold): Bird rights
  • Total (cap holds): $15,800,139

Two-Way Free Agents

Note: Because he has finished each of the past two seasons on a two-way contract with the Magic, Harris’ qualifying offer would be worth his minimum salary (projected to be $2,093,637). Schofield is no longer eligible to sign a two-way contract and would also have a qualifying offer worth his minimum salary (projected to be $2,244,249). Those offers would each include a small partial guarantee.

Draft Picks

  • No. 18 overall pick ($3,639,120 cap hold)
  • No. 47 overall pick (no cap hold)
  • Total (cap holds): $3,639,120

Extension-Eligible Players

  • Wendell Carter (veteran)
    • Extension-eligible as of October 1.
  • Markelle Fultz (veteran)
    • Extension-eligible until June 30.
  • Gary Harris (veteran)
    • Extension-eligible on June 30 (one day only).
  • Caleb Houstan (veteran)
  • Jonathan Isaac (veteran)
  • Jalen Suggs (rookie scale)
  • Franz Wagner (rookie scale)

Note: Unless otherwise indicated, these players are eligible for extensions beginning in July.

Unrestricted Free Agents

Other Cap Holds

Note: The cap holds for these players are on the Magic’s books from prior seasons because they haven’t been renounced. They can’t be used in a sign-and-trade deal.

Cap Exceptions Available

Note: The Magic project to operate under the cap.

  • Room exception: $8,006,000

And-Ones: Barkley, Nunn, Ibaka, Africa

Hall of Famer Charles Barkley recently said he’s going to retire from TV at the conclusion of 2024/25, which could be the final season TNT holds the media rights to NBA games. Barkley has been an analyst on Inside the NBA since 2000.

While his comments certainly seemed genuine, Andrew Marchand of The Athletic believes Barkley will cover the NBA again in some fashion after next season ends, noting the 61-year-old has frequently talked about retirement in the past but he just signed a highly lucrative 10-year contract a couple years ago.

That long-term deal with TNT could complicate matters, but potential new (or returning) media rights holders like Amazon and NBC would love to have Barkley and the entire Inside the NBA crew on board, Marchand writes. A “more plausible” scenario, according to Marchand, would be ESPN giving Barkley a “sweetheart deal” he can’t refuse, perhaps offering to let him work less frequently while still covering the most important games, such as the NBA Finals.

Here’s more from around the basketball world:

  • Former NBA guard Kendrick Nunn, who helped lead Panathinaikos to a EuroLeague championship in ’23/24, was arrested less than a day after helping his Greek club win a domestic title, according to Eurohoops. Nunn was detained after a verbal exchange with his wife, who declined to press charges, and has subsequently been released. The 28-year-old signed a two-year contract extension with Panathinaikos last month, but he hasn’t ruled out an NBA return, as his deal contains out clauses. Nunn last played for the Lakers and Wizards in ’22/23.
  • Big man Serge Ibaka, who played 14 NBA seasons from 2009-2023, says he’s undecided on what he’s going to do next season after spending the ’23/24 campaign with Bayern Munich in Germany, per Eurohoops. Ibaka was rumored to be signing a one-year deal with Real Madrid, but he denied that’s the case.
  • Tania Ganguli of The New York Times takes an in-depth look at the NBA’s investment in Africa, which includes the Basketball Africa League. The NBA has long believed the continent could be a key way to grow the popularity of the sport and add young talent to the league’s player pool, but commissioner Adam Silver wonders if enough money is being spent to support growth. “As much as we are investing in Africa, the opportunity is so enormous I worry that we’re under-investing,” Silver said in an interview. “There’s so much opportunity, but it’s not always easy to know how to deploy capital, which government you should be dealing with, who the honest brokers are. And so we’re learning as we go.”