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Hoops Rumors Glossary: Bi-Annual Exception

February 20th, 2024 at 1:26pm CST by Luke Adams

The mid-level exception is the most common tool used by over-the-cap teams to sign free agents from other teams to contracts worth more than the veteran’s minimum. But that’s not the only exception those clubs have to squeeze an extra player onto the payroll. The bi-annual exception is a way for a team to sign a player who may command more than the minimum salary, but less than the mid-level.

As its name suggests, the bi-annual exception can only be used every other season. Even if a team uses only a portion of the exception, it’s off-limits during the following league year.

During the 2023/24 league year, two teams – the Heat and Sixers – were ineligible to use the bi-annual exception at all, since they used it in 2022/23.

Three teams have used the BAE in ’23/24, with the Lakers signing Taurean Prince, the Cavaliers signing Ty Jerome, and the Raptors signing Jalen McDaniels. Those three clubs won’t have the exception at their disposal during the 2024/25 league year.

The bi-annual exception is available only to a limited number of clubs, even among those that didn’t use the exception during the previous season. Teams that create and use cap space forfeit their bi-annual exception. Additionally, teams lose access to the bi-annual exception when they operate over the first “tax apron,” a figure approximately $7MM above the tax line this season. So, only teams over the cap and under the first apron can use the BAE.

If a team uses all or part of the bi-annual exception, the first tax apron becomes the club’s hard cap for that season. Teams that sign a player using the BAE can later go under the cap, but can’t go over the first apron at any time during the season once the contract is signed.

Although a team with a salary exceeding the first tax apron isn’t permitted to use the bi-annual exception, that team could gain access to the BAE by shedding salary. As long as the team’s salary would be below the first tax apron after completing the bi-annual signing – and remains below that threshold for the rest of the season – that club is permitted to use the BAE, no matter how high its salary might have been earlier in the league year.

Under the NBA’s current Collective Bargaining Agreement, the value of the bi-annual exception in future league years is tied to the value of the salary cap. The BAE comes in at 3.32% of that season’s cap and is rounded to the nearest thousand.

For instance, this season’s cap is $136,021,000; 3.32% of that amount is $4,515,897.20. Rounding to the nearest thousand gets us to $4,516,000, which is the maximum starting salary for a bi-annual signing in 2023/24. The starting salary for the BAE in 2024/25 currently projects to be worth $4,681,000, based on a $141MM cap projection.

A player who signs a contract using the bi-annual exception is eligible for a one- or two-year deal, with a 5% raise for the second season. For a player signed using the BAE in 2023/24, the maximum value of a two-year contract is $9,257,800.

Teams also have the option of splitting the bi-annual exception among multiple players, though that happens much less frequently than it does with the mid-level exception, since a split bi-annual deal may not even be worth more than a veteran’s minimum salary.

Beginning in 2024/25, teams will be permitted to use the bi-annual exception to acquire a player via trade or waiver claim, as long as his contracts fits into the exception in terms of both years and dollars. In other words, a player on a three-year contract or someone who is earning $5MM could not be acquired using the BAE. Only the player’s current-year salary must fit into the BAE.

The bi-annual exception begins to prorate downward on January 10 each year, decreasing in value by 1/174th each day until the end of the regular season. However, a team that uses its BAE between Jan. 10 and the trade deadline wouldn’t be subject to that proration and could use the full amount it has left on the exception.

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 by Luke Adams and Chuck Myron.

Nets Name Kevin Ollie Interim Head Coach

February 20th, 2024 at 12:48pm CST by Rory Maher

FEBRUARY 20: The Nets have made it official, announcing (via Twitter) that Ollie is their interim head coach.

According to Charania (Twitter video link), while Ollie may receive consideration for the permanent job, Brooklyn will conduct a “full-blown” search this spring.

FEBRUARY 19: The Nets plan to name Kevin Ollie as their interim head coach in the wake of Jacque Vaughn‘s dismissal, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

According to Woj, Ollie will run Tuesday’s practice and will be the lead coach for Thursday’s contest against Toronto.

Separate reports earlier this afternoon from Shams Charania of The Athletic and Wojnarowski indicated that Ollie had emerged as the frontrunner to become Brooklyn’s interim head coach (Twitter links).

Ollie was a finalist for the Pistons’ head coaching job last offseason. The position ultimately went to Monty Williams, with Ollie instead joining Brooklyn as an assistant coach.

A former NBA journeyman guard who played for 11 different teams in his 13 seasons, Ollie began his coaching career after retiring as a player in 2010. He was the head coach at UConn from 2012-18 and won a national title with the Huskies in 2014 but lost his job after the NCAA opened an investigation into UConn and its coaches for recruiting violations.

Ollie was also the head coach of the Overtime Elite program from 2021-23. He left that position last March.

It’s unclear if the 51-year-old will be a candidate for the full-time job, but he’ll have an opportunity to make an impression down the stretch of the 2023/24 season for the Nets, who have been struggling mightily of late, losing 18 of their past 24 games.

Draft Notes: Buzelis, Ignite, Risacher, Sarr, Mocks

February 20th, 2024 at 12:00pm CST by Luke Adams

Matas Buzelis, who was the No. 1 prospect in the very first 2024 mock draft that ESPN’s Jonathan Givony published a year ago, had slipped to 10th in ESPN’s prospect rankings last month, but has rebounded nicely as of late, Givony writes in an Insider-only story.

After missing the first part of the G League season due to ankle problems, Buzelis has shown off an improved three-point shot in recent weeks (38.5% in his past 10 games) and has been better on the defensive end of the court, according to Givony, who notes that the Ignite guard/forward made an impact at All-Star weekend, hitting a game-winning shot in the Rising Stars semifinal on Friday.

While Buzelis hasn’t reclaimed that No. 1 spot on ESPN’s big board, he’s back up to No. 6. And, as Givony observes, in a class with no obvious top prospect, a strong finish to the G League season could put the 19-year-old back in the conversation for that first overall pick.

Here are a few more notes on the 2024 NBA draft:

Givony and Jeremy Woo of ESPN.com (Insider link) examine where things stand for the G League Ignite, noting that Adam Silver‘s comments at All-Star weekend suggest that the program’s days may be numbered. The Ignite are just 2-19 this season and player development has been inconsistent due to the lack of quality guard play, Woo writes. Still, it seems safe to assume the Ignite will be back for the 2024/25 season, since prospects like Dink Pate and Thierry Darlan are under contract for another year and the program continues to actively recruit high-profile prospects.
International prospects Zaccharie Risacher and Alexandre Sarr top the latest mock draft from Givony and Woo, with Kentucky’s Rob Dillingham at No. 3, Buzelis at No. 4, and Colorado’s Cody Williams at No. 5.
Risacher and Sarr are also the two players first off the board in the newest mock draft from Sam Vecenie of The Athletic. However, there are significant deviations from ESPN’s mock draft beyond that, starting with Serbian point guard Nikola Topic (No. 3) and Connecticut wing Stephon Castle (No. 5) cracking Vecenie’s top five. Topic is at No. 6 in ESPN’s mock, while Castle is all the way down at No. 15.
Krysten Peek of Yahoo Sports has also published a new mock draft for 2024, with Sarr claiming the top spot.

Hornets Sign Marques Bolden To 10-Day Deal

February 20th, 2024 at 11:05am CST by Luke Adams

11:05am: The Hornets have made it official, announcing in a press release that Bolden has signed his 10-day contract. It will run through February 29.

7:36am: The Hornets are set to sign big man Marques Bolden to a 10-day contract, agent Michael Johnson Jr. tells Shams Charania of The Athletic (Twitter link).

Bolden, 25, has past NBA experience with the Cavaliers and was on a two-way contract with Milwaukee earlier this season. However, he only appeared briefly in two games with the Bucks before being waived on January 7 before his full-season salary could become guaranteed.

Bolden has spent most of the season in the G League playing for the Wisconsin Herd, Milwaukee’s affiliate. In 31 Showcase Cup and regular season contests, he has averaged 13.3 points, 7.7 rebounds, and 1.6 blocks in 25.0 minutes per game, with a shooting line of .554/.404/.743.

As Charania observes, the center has played some of his best basketball of the season as of late, averaging 17.0 points and 13.8 rebounds during the Herd’s current six-game winning streak, with double-doubles in all six of those victories.

Bolden will provide some depth in a frontcourt that has been impacted by Mark Williams‘ lengthy absence due to a back injury. Nick Richards has been starting in Williams’ place, but the Hornets don’t have a ton of options at the five beyond that, especially with P.J. Washington no longer around to occasionally act as a small-ball center. That means there could be a path for Bolden to earn playing time.

No roster move will be necessary for the Hornets, who have been carrying 14 players since buying out Kyle Lowry last week.

Several Two-Way Players Nearing Active Game Limit

February 20th, 2024 at 10:35am CST by Luke Adams

A player who signs a two-way contract with an NBA team is permitted to be active for up to 50 regular season games. That limit is prorated if the player signed his two-way deal after the regular season got underway — for instance, a player who finalized a two-way contract halfway through the season would be permitted to be active for up to 25 contests at the NBA level.

Several two-way players have been promoted to standard contracts recently, eliminating those games-played limits. GG Jackson (Grizzlies), Keon Ellis (Kings), Lindy Waters III (Thunder), Craig Porter Jr. (Cavaliers), Duop Reath (Trail Blazers), and Jeremiah Robinson-Earl (Pelicans) have all signed new deals since the trade deadline.

However, there are still a number of players on two-way contracts around the league who are at or near their active-game limit for the season. Keith Smith of Spotrac (Twitter link) identifies Celtics big man Neemias Queta, Mavericks guard Brandon Williams, Grizzlies guard Jacob Gilyard, and Hornets teammates Leaky Black and Nathan Mensah as two-way players who have 10 or fewer active games left, while Hawks guard Trent Forrest has already reached his 50-game limit.

In some cases, promotions to the standard roster may be forthcoming. Queta, for instance, has been a semi-regular contributor off the bench for the Celtics, who have an open spot on their 15-man roster, so if Boston wants to make him playoff-eligible and ensure he’s able to be active for the rest of the regular season, a contract conversion would be pretty straightforward.

Other cases could be trickier. While the Hawks would presumably like to have Forrest available for the rest of the season, they have a full 15-man roster, so they’d have to waive someone to make room to promote him.

Atlanta at least has some viable release candidates on its roster — for instance, veterans Patty Mills and Wesley Matthews haven’t played much and aren’t owed guaranteed money beyond this season. But that’s not the case in Memphis, where Gilyard has made a strong case for a promotion from his two-way deal by averaging 4.7 points and 3.5 assists in 37 games (17.7 MPG), with a .425 3PT%.

The Grizzlies have already promoted Jackson and Vince Williams from two-way contracts and may not have any expendable players left on their 15-man roster who could be cut to make room for Gilyard. Luke Kennard ($14.8MM team option for 2024/25) and Lamar Stevens (unrestricted free agent this summer) are the only Grizzlies not owed any guaranteed money after this season, and both are playing rotation roles for the banged-up club.

“We’ll see what happens when the time comes,” Gilyard said of his uncertain situation, according to Damichael Cole of The Memphis Commercial Appeal. “As a basketball player, it’s definitely on your mind. I try not to let it affect me. I think that’s probably the worst part about being a point guard is you start to understand things and start to grasp things like that.”

“It’s kind of a juggling act,” Grizzlies head coach Taylor Jenkins said of working within those active-game limits for his two-way players, including Gilyard and Scotty Pippen Jr. “It’s hard to make those decisions, trying to preserve those dates. (Pippen’s) understood it. I was very upfront with him when he came in, (general manager) Zach (Kleiman) and myself. I think when he came in, we were maybe on the 40-game mark, but he didn’t have 40 games available, so it’s very unfortunate.

“Maybe it’s something that we look into as a league because I think he’s earned the opportunity to play every single night. We just have to balance the games he actually has available to him.”

Besides those players who are approaching their games-played limits, there are a few others on two-way contracts around the league who look like candidates to be promoted to standard rosters before the end of the regular season. Nets forward Jalen Wilson and Warriors guard Lester Quinones are among those who were playing regularly for their respective clubs leading up to the All-Star break.

Promoting a player to a standard contract would open up a two-way slot for his team, allowing that club to reset its active-game counter for that slot — at least to some extent. Due to the prorated nature of those game limits, a player who signs a two-way contract today could only be active for up to 16 games the rest of the way, but that’s 16 more games than, say, Forrest is eligible to play for the Hawks as long as he remains on his current two-way deal.

Teams have until March 4 to sign players to two-way contracts, so I expect to see a good deal of roster activity related to two-way slots within the next couple weeks.

And-Ones: Barton, All-Star Game, Buyout Market, More

February 20th, 2024 at 9:17am CST by Luke Adams

Will Barton, who reportedly reached an agreement with CSKA Moscow last month, will return stateside without having played for the Russian club, per an announcement from CSKA (Twitter link). Barton’s contract was terminated via an early exit clause.

An 11-year NBA veteran who appeared in 56 games last season for Washington and Toronto, Barton could be a candidate to return to the league down the stretch. However, Alessando Maggi of Sportando hears from sources that the wing’s departure from CSKA Moscow was related to failed medical tests. If that’s accurate, any NBA teams with interest in Barton will be sure to do its due diligence on his health situation.

CSKA Moscow indicated in its announcement that it remains on the lookout for a player who can help out at shooting guard and small forward.

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

Ten basketball writers for The Athletic shared their thoughts on how the NBA could improve its All-Star Game. Some of their ideas? Combining All-Star weekend and the in-season tournament final four into one event; turning the All-Star game into a two-on-two or three-on-three tournament; or simply naming All-Stars and not playing the game.
In an Insider-only article for ESPN, Bobby Marks and Kevin Pelton take a closer look at what sort of impact the NBA’s rule tweaks have had on the buyout market and consider which player will be the most impactful buyout-market addition this season. Of the veterans who have already found new homes, Pelton views Lakers guard Spencer Dinwiddie as the player capable of making the greatest impact.
Joe Vardon, Sam Amick, and David Aldridge of The Athletic polled several players at All-Star weekend on a variety of topics, including the best player and team in the NBA, whether the league has become too offense-heavy, and what rule changes they’d implement if they had Adam Silver‘s job for a day. The Celtics earned the most votes (five) for the NBA’s best team, with the Clippers (four) coming in second.

10-Day Contracts Expire For Knicks, Raptors

February 20th, 2024 at 7:26am CST by Luke Adams

Taj Gibson‘s second 10-day contract with the Knicks expired overnight, making him an unrestricted free agent once again. The 10-day deals signed by Raptors forwards Justise Winslow and Mouhamadou Gueye on February 10 also expired overnight.

Both the Knicks and Raptors are now below the NBA-mandated minimum of 14 players on standard contracts and will have to re-add players to their roster in the near future.

[RELATED: 2023/24 NBA Roster Counts]

Teams are permitted to dip below 14 players for up to two weeks at a time, but because Gibson was only the Knicks’ 13th man and New York has actually been carrying fewer than 14 players since February 8, the club will have to make two roster additions by this Thursday (Feb. 22).

One of those additions could be Gibson, but since he has already signed two 10-day contracts with the Knicks, the team would have to give him a rest-of-season deal to bring him back.

The Raptors, meanwhile, are now at 13 players and will have until March 5 to fill at least one of the two openings on their 15-man roster. Given that Toronto has a good amount of flexibility below the luxury tax line and will likely want take a longer look at some young players, I wouldn’t expect the team to take the full two weeks to fill one or both of those open roster spots. For what it’s worth, both Winslow and Gueye are eligible to sign one more 10-day deal with the team.

Three other 10-day contracts around the NBA remain active — Zhaire Smith‘s deal with the Cavaliers runs through this Thursday, as does Tosan Evbuomwan‘s agreement with the Pistons. Jordan Goodwin‘s contract with the Grizzlies will cover one extra day, running through Friday.

All three of those contracts will actually remain active for more than 10 days, since 10-day contracts must cover at least three games. Smith, Evbuomwan, and Goodwin each only got two games before the All-Star break, so their “10-day” deals will actually cover 11 or 12 days. That wasn’t the case for Gibson, Winslow, or Gueye, as the Knicks and Raptors each played three contests between Feb. 10 and the start of the All-Star break.

Western Notes: Conley, Beal, Curry, Jokic

February 19th, 2024 at 10:50pm CST by Tristan Tucker

Timberwolves guard Mike Conley, who agreed to a contract extension on Monday, doesn’t meet the criteria for a full no-trade clause. As explained in our glossary, in order for a player to receive a no-trade clause, he must be signing a free agent contract and not an extension, must have at least eight years of NBA experience and must have spent at least four years with the team he is signing with. Conley isn’t signing a free agent contract and hasn’t spent four years in Minnesota, so he doesn’t qualify.

Suns guard Bradley Beal remains the only player in the NBA with a full no-trade clause.

Darren Wolfson of SKOR News and 5 Eyewitness News observes (Twitter link) that while Conley doesn’t qualify for a no-trade clause, he likely received assurances he wouldn’t be dealt, which possibly helped extension talks move forward.

Relatedly, The Star Tribune’s Chris Hine (Twitter link) hears that Conley’s exact extension number comes in at $20.75MM over two years. Conflicting reports Thursday indicated differing values, though it’s possible the deal includes incentives.

We have more notes from the Western Conference:

Beal underwent a procedure on his broken nose, according to Duane Rankin of Arizona Republic. He suffered the break in the second half of the Suns‘ January 16 game against Indiana. According to Rankin, Beal is on track to return Thursday in Phoenix’s first game out of the All-Star break against Dallas. Beal is averaging 18.2 points, 4.3 rebounds and 4.5 assists in 30 games (all starts) with the Suns this season.
Warriors superstar Stephen Curry indicated he’s nowhere near retiring. “Eventually, your body will tell you when it’s time, but I don’t think I’m anywhere close to that,” Curry said (Twitter link via Yahoo Sports’ Ben Rohrbach). Curry, 35, is averaging 28.0 points per game while connecting on an absurd 42.1% of his 12.0 three-point attempts. Still, he told ESPN’s Malika Andrews (Twitter link) his 10th All-Star appearance made him contemplate the future. “This isn’t going to be around forever,” Curry said. “... I think the lesson I’ve learned is not to put any limitations on it, but approach every year like this could be the last year.“
Even though he’s arguably the best basketball player in the world and was the only defending champion on either All-Star team, Nuggets superstar Nikola Jokic is still OK with being overlooked when compared to his peers, writes The Denver Post’s Bennett Durando. “I’m not the face of the NBA,” Jokic said.

Southwest Notes: Pelicans, McCollum, Doncic, Mavericks

February 19th, 2024 at 9:31pm CST by Tristan Tucker

The Pelicans are 33-22 and have the same record as the fifth-seeded Suns. Still, they’ve got room to improve, as evidenced by several close games against some of the league’s bottom teams, according to The Athletic’s William Guillory. New Orleans won three games in a row against the Trail Blazers, Grizzlies and Wizards, but they were all decided by single digits. In the wins over Memphis and Washington, the Pelicans squandered 20-point leads before coming back late to win.

“When we get a lead, especially if we want to make a deep run in the playoffs, we’ve got to be able to maintain leads,” Zion Williamson said. “If we were able to maintain leads, we would probably be 14, 15, 16 games over .500. I think we’re in an OK spot. But when we come back from break, we’ve got to be able to fine-tune some of those small nuances in the game.”

The team’s offense and defense has been a mixed bag, according to Guillory, and neither Williamson nor Brandon Ingram has been consistent with his dominance. While the Pelicans are deep with young players and solid rotation pieces, they’re still attempting to build consistency, which will be crucial as the playoff approach.

“I think we’re learning to grow with each other,” coach Willie Green said of the team. “This group is still pretty young in terms of [our starters] being on the floor together for this long in the season. Along the way, we’re starting to figure it out, but I think that plays a role in some of the inconsistencies we’ll see from time to time. We just have to stay committed to working the kinks out.”

We have more from the Southwest Division:

Pelicans guard CJ McCollum is pleased with how Williamson and Ingram have progressed since he joined the team in 2022, according to Sportskeeda’s Mark Medina. “They have a better understanding of their game and their bodies with what they need to do each day to be ready to play, when to rest and when to workout,” McCollum said as part of an exclusive interview with Sportskeeda. “Their IQ is continuing to improve as well as their decision making. They’re just playing their total games with scoring, rebounding and passing. Defensively, I think they have gotten better and have been more aggressive. The more they rebound on defense, the better we are on offense.“
Mavericks star Luka Doncic, like many other All-Stars, had no intention of being offensively assertive during the East’s 211-186 victory over the Western Conference in the 2024 All-Star Game, Brad Townsend of The Dallas Morning News writes. Doncic had seven points, seven rebounds and seven assists in the game and was content to let others shine. “People come in here and play 40 minutes, they don’t want to get injured,” Doncic said. “Everybody just gets out of the way. I don’t know how to fix that. I just follow the lead.“
The Mavericks are in a much better position at this All-Star break compared to last season, even if there’s been less buzz surrounding the team, Townsend writes. The Mavs are 32-23 and are tied for the longest winning streak in the league at six games whereas last year they were 31-29 and were five games into the Kyrie Irving-Doncic pairing. After acquiring P.J. Washington and Daniel Gafford at the deadline, Dallas looks more capable of approaching 50 wins this season, according to Townsend.
In case you missed it, Grizzlies forward Lamar Stevens and Spurs forwards Marcus Morris and Cedi Osman are among players we’re monitoring as possible buyout options.

Atlantic Notes: Barnes, Lowry, Brunson, DiVincenzo

February 19th, 2024 at 8:00pm CST by Tristan Tucker

The Raptors have lost three games in a row, two of which were blowouts. The 23-point loss to the Spurs on Monday, in particular, showed Scottie Barnes is still figuring out what it means to be a leader, writes TSN’s Josh Lewenberg. Barnes finished that game with just seven points on 20.0% shooting and departed for the locker room with about four seconds left.

Toronto failed to send a message by not disciplining Barnes, Lewenberg opines, pointing to a time early in the 2020/21 season when the team responded to Pascal Siakam leaving a game early by holding him out of the following game.

Lewenberg, The Athletic’s Eric Koreen and Sportsnet.ca’s Michael Grange all explore the topic, writing that Barnes is still in the first steps of figuring out his leading style after Siakam, Fred VanVleet and OG Anunoby all departed over the past year.

For what it’s worth, Barnes downplayed the situation after the game and followed up the performance by scoring 29 points, 12 rebounds and eight assists in a two-point loss to the Pacers right before the deadline.

“He is learning what kind of effect he has on [the] team and teammates and everybody,” head coach Darko Rajakovic said. “He’s going through this for the first time in his life, being the face of a franchise, and he’s emotional, but he also needs to learn how to channel those emotions. This is another great learning opportunity for him. That doesn’t mean it’s never going to happen again, but I believe that there’s going to be less and less and much better handling [of] those situations going forward.”

We have more notes from the Atlantic Division:

Kyle Lowry had multiple options on the buyout market, according to Nick Nurse, but saw the Sixers as his best fit (Twitter link via South Florida Sun Sentinel’s Ira Winderman). Nurse also referred to Lowry as a backup point guard, meaning he’ll help fill the defensive role that opened when the team traded away Patrick Beverley at the deadline.
After making his first All-Star and Three-Point Contest appearances, Knicks guard Jalen Brunson is looking to what’s next, according to the New York Post’s Peter Botte. Brunson is taking it game-by-game and day-by-day. “I know a lot of Knicks fans want to put us right in the Eastern Conference Finals. We were one step short last year,” Brunson said. “I think for us … we can’t look forward to the playoffs. We have to focus on every single day, just chipping away and getting better and better.“
Donte DiVincenzo is having a career year with the Knicks, averaging career highs of 13.6 points and 41.5% from beyond the arc. He’s been especially productive as the Knicks have rocketed up the standings since the New Year. The New York Post’s Stefan Bondy explores DiVincenzo’s ascension from playing at small Catholic school Salesianum to a starting role with a contending team. “I thought he was going to play for money, but I didn’t think it was going to the NBA. I thought it was going to be Italy or something,” Salesianum’s head coach at the time Brendan Haley said. “But he just kept getting better and better. And keeps betting on himself and keeps winning.“

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