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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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Central Notes: Mobley, Pacers, Bulls, Buzelis

July 11th, 2024 at 7:09pm CST by Alex Kirschenbaum

Could Cavaliers big man Evan Mobley, who is eligible for a rookie scale extension, sign a deal to secure his long-term future in Cleveland this summer? During an appearance on ESPN Cleveland (YouTube video link), Brian Windhorst of ESPN expressed optimism that an agreement will be reached sooner rather than later.

“I would expect the contract to be done somewhat soon,” Windhorst said. “I think the Cavs are willing to give him the max, and quite frankly, they don’t have a leg to stand on now that the guys around him in their draft class with comparable statistics and comparable futures have gotten the max.”

Across 50 healthy contests last season for the 48-34 Cavaliers, the 6’11” power forward averaged 15.7 points, 9.4 rebounds, 3.2 assists, 1.4 blocks and 0.9 steals per game with a .580/.373/.719 shooting line. If he gets a maximum-salary extension, he would be the fourth player from the 2021 draft class to do so, joining Scottie Barnes, Franz Wagner, and Cade Cunningham.

There’s more out of the Central Division:

Fresh off their first Eastern Conference Finals appearance in a decade, the Pacers still have roster spots available, including all three of their two-way slots, writes Dustin Dopirak of The Indianapolis Star. Three current Summer League players for Indiana are all in the mix for spots on the 18-man regular season squad. Swingman Kendall Brown is on a non-guaranteed contract, while guard Quenton Jackson and center Oscar Tshiebwe are both restricted free agents after serving on two-way contracts in 2023/24. Indiana also has a pair of unsigned second-round picks (Tristen Newton and Enrique Freeman) and has a decision to make on the fate of unrestricted free agent forward James Johnson, a veteran enforcer who is more of a locker-room presence than a rotation player at this stage of his career.
Although the Bulls have offloaded two of their veteran starters, six-time All-Star forward DeMar DeRozan and two-time All-Defensive Team guard Alex Caruso, in separate deals this summer, Chicago may need to make further roster moves to maximize their tanking opportunity, opines Darnell Mayberry of The Athletic.
Rookie Bulls point forward Matas Buzelis, the No. 11 pick out of the G League Ignite in this year’s draft, is hoping to make a major two-way impact in his first NBA season, as he revealed during a new interview on NBC Sports Chicago’s “Bulls Talk” podcast. “My rookie year, I’m not going to have any plays ran for me,” Buzelis said (hat tip to K.C. Johnson of NBC Sports Chicago for the transcription). “So I have to go play defense and be an energy guy and make open shots.”

Trail Blazers Sign Bryce McGowens To Two-Way Contract

July 11th, 2024 at 6:12pm CST by Rory Maher

6:12pm: McGowens’ two-way deal with the Blazers is official, according to the team (Twitter link).

2:22pm: The Trail Blazers are signing free agent wing Bryce McGowens to a two-way contract, agents Kyle McAlarney and Mark Bartelstein tell ESPN’s Adrian Wojnarowski (Twitter link).

McGowens, 21, was the No. 40 overall pick of the 2022 draft after spending one college season at Nebraska. He spent his first two NBA seasons with the Hornets, who waived his non-guaranteed contract on Saturday to create more salary cap flexibility.

In 59 games with Charlotte in 2023/24, McGowens averaged 5.1 PPG, 1.7 RPG and 0.9 APG with a .439/.333/.776 shooting line in 14.9 MPG.

As our tracker shows, Portland currently only has one player — Justin Minaya — signed to a two-way contract. McGowens will fill the second of three total two-way spots.

If he stays on a two-way deal for the entire ’24/25 season, McGowens will earn a little under $579K. He will be eligible for restricted free agency in 2025, assuming he isn’t released before then.

League Announces Game Dates For 2024 NBA Cup

July 11th, 2024 at 4:45pm CST by Alex Kirschenbaum

The NBA has revealed its schedule (and a new logo) for the 2024 Emirates NBA Cup, the freshly re-branded second annual edition of the league’s in-season tournament, via a press statement.

According to the presser, the group play stage of games is slated to begin on Tuesday, November 12, and will continue on “Cup Nights” across a few successive Tuesdays (Nov. 19, Nov. 26, and Dec. 3) and Fridays (Nov. 15, 22, and 29).

The 30 NBA clubs will be allocated into five-team groups within their own conference, based on 2023/24 season records — each group will include one team that finished in the top three in its conference, one that finished between Nos. 4-6, one that finished between 7-9, and so on. Each team will play the other four squads in its group once during the group play stage.

The single-game elimination knockout round for the top eight teams (three group winners and one wild card in each conference) are slated to tip off on December 10 and 11, with the quarterfinals played in the teams’ own normal markets. Winners will advance to the semifinals (Dec. 14) and the final (Dec. 17) at T-Mobile Arena in Las Vegas.

The 22 eliminated teams will play two assigned regular season games, one at home and one on the road, on December 12-13 and December 15-16. The quarterfinals losers will play each other during that same window.

Last year, the Lakers defeated the Pacers in the inaugural in-season tournament championship game, with Anthony Davis racking up 41 points and 20 rebounds in the victory.

Categories:
NBA Schedule

Kings’ Devin Carter Undergoes Shoulder Surgery, Out 6 Months

July 11th, 2024 at 4:30pm CST by Alex Kirschenbaum

JULY 11: Carter underwent successful surgery and is expected to return in six months, reports Sean Cunningham of KTXL Fox 40 (Twitter link).

JULY 7: Kings rookie lottery pick Devin Carter is slated to go under the knife, according to Shams Charania of The Athletic (Twitter link), who reports that the guard is undergoing left shoulder surgery.

The procedure will take place next week, per Charania. An exact recovery timeline is not yet known, although the availability of the 6’2″ point guard for the beginning of 2024/25 is said to be in question.

It had been previously reported that the former Providence guard would sit out both the California Classic and Las Vegas Summer League due to the injury.

The 2023/24 Big East Player of the Year, Carter averaged 19.7 points (on .473/.377/.749 shooting), 8.7 rebounds, 3.6 assists, 1.8 steals, and 1.0 blocks per game across 33 contests for the Friars last year, all starts.

Carter was Sacramento’s only draft pick this season, after the club offloaded their rights to the No. 45 pick, former Houston point guard Jamal Shead, to the Raptors.

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