Hoops Rumors hosted a live chat today at 11 a.m. Central time (noon Eastern). Click here to read the transcript.
Veteran guard Isaiah Thomas is one of several free agents who are in Sacramento this week to engage in some “competitive workouts” with Kings players, according to Sean Cunningham of FOX 40 Sacramento (Twitter link).
Sources tell Cunningham that center Tony Bradley and wings Juan Toscano-Anderson and Lonnie Walker are among the others who will be involved.
It’s unclear whether Kings management is seriously considering making any roster additions based on those workouts, but it certainly couldn’t hurt for those free agents to perform well in the sessions as they seek new contracts.
Thomas, who began his career in Sacramento in 2011, finished the 2023/24 season with the Suns, but hasn’t been a regular rotation player in the NBA for many years, having dealt with a series of injuries since his last full season in 2016/17. The two-time All-Star has bounced around the league since then, spending time with the Cavaliers, Lakers, Nuggets, Wizards, Pelicans, Lakers, Mavericks, Hornets, and Suns.
Bradley, a former first-round pick, spent last season in the G League, while Toscano-Anderson was in the NBAGL for most of the year, though he did appear in 11 games for the Kings while on a pair of short-term contracts in December and January.
Of the four players mentioned by Cunningham, Walker has the strongest case for a spot on an NBA roster this fall. He has averaged 11.2 points per game in 244 contests over the past four seasons with the Spurs, Lakers, and Nets. In 2023/24, the 25-year-old shooting guard recorded 9.7 PPG on .423/.384/.763 shooting in 58 appearances (17.4 MPG) off the bench for Brooklyn.
Sacramento is currently carrying 12 players on fully guaranteed contracts for 2024/25, with Orlando Robinson on a partially guaranteed deal and Keon Ellis on a non-guaranteed salary. The Kings may open the season with just 14 players on their standard roster due to their close proximity to the luxury tax.
Former NBA first-round pick Usman Garuba has joined Real Madrid on a three-year contract, the Spanish team announced today in a press release.
The move had long been expected. Reporting back in May indicated that Garuba was expected to sign with Real Madrid this offseason, but he responded by saying he had yet to make a decision. In mid-July, Spanish reporter Carlos Sanchez Blas (Twitter links) said that the free agent forward/center had a long-term deal in place with Madrid, and that time Garuba didn’t deny it, so we’ve just been awaiting formal confirmation from the team.
The 23rd overall pick in the 2021 draft, Garuba was born and raised in Madrid and was under contract with his hometown team from 2017-21, so this represents a reunion for the two sides. He played in the NBA for three seasons from 2021-24, appearing in 99 games across two seasons in Houston before being traded to Atlanta and then to Oklahoma City during the 2023 offseason.
After he was waived by the Thunder, Garuba caught on with the Warriors, spending most of the 2023/24 season on a two-way contract before being promoted to Golden State’s standard roster ahead of the team’s regular season finale. He played in just six regular season contests for the Warriors.
Garuba’s overall contributions across 105 NBA outings (three starts) have been modest. He averaged 2.6 points, 3.8 rebounds, and 0.8 assists in 11.7 minutes per night, making 46.7% of his shots from the floor (including 36.3% of his three-pointers). The big man also played a limited role for Spain in this year’s Olympics, averaging 13.4 MPG off the bench for the national team.
The 22-year-old figures to see more significant action in Madrid, where he’ll team up with fellow newcomer Serge Ibaka in the club’s new-look frontcourt that will reportedly no longer feature Guerschon Yabusele.
Real Madrid is coming off a season in which they went 28-6 in Spanish League (ACB) play and 27-7 against EuroLeague competition. Madrid won the ACB title and nearly achieved the feat in the EuroLeague as well, but fell to Panathinaikos in the championship game.
Former Nets shooting guard Isaiah Whitehead is reportedly joining Polish club Slask Wroclaw, according to Karol Wasiek of ZKrainyNBA.com (hat tip to Dario Skerletic of Sportando).
The 6’4″ swingman spent the 2023/24 season plying his trade for Israeli club Ironi Ness Ziona B.C., notching averages of 14.0 points, 4.6 assists per game, and four rebounds a night.
Whitehead was selected with the No. 42 overall pick by the Nets out of Seton Hall in 2016. Across two seasons with Brooklyn, the 29-year-old averaged 7.2 points on a .411/.305/.788 slash line, along with 2.4 boards and 2.4 dimes. He has been playing internationally since 2018.
There’s more from around the NBA world:
- In a new piece, The Athletic’s Zach Harper takes stock of a wide-open Western Conference, projecting which clubs have a realistic shot at winning it all in 2024/25. Harper also lays out a Hall of Fame case for Celtics guard Jrue Holiday. The 6’4″ vet has now won two NBA and Olympic titles as a key contributor, has racked up a pair of All-Star accolades and has earned six All-Defensive Team honors.
- Nets point guard Dennis Schröder recently took umbrage with Suns forward Kevin Durant’s critical post-Olympic tweet, seen as a shot at an initial Schröder comment, writes Lucas Kaplan of NetsDaily. Schröder, who recently starred in the Paris Olympics for Team Germany, praised European basketball as “straight IQ basketball,” while he called the U.S. brand of the game as “entertainment.” After winning a gold medal for Team USA, Durant attached the caption “ENTERTAINMENT & IQ” to a photo of the gold-winning team on his personal Twitter account. “You’re that type of a star and have to say something to a person like me, who [didn’t] even mean it to be negative, just what I see from both sides. I didn’t appreciate it — not even appreciate it, I don’t care,” Schröder said on Twitch (Twitter video link). “… To say that tells me how weak he is as a person, you know what I’m saying? … It is what it is. Not everybody is strong, not everybody is in a good place.”
- In case you missed it, we recently published projections for the maximum salaries, minimum salaries, and mid-level/bi-annual exceptions for the 2025/26 season.
After the Mikal Bridges trade, it was widely speculated that the Nets would begin offloading a lot of their movable veteran contracts sooner rather than later. Now, as NetsDaily’s Net Income notes, the consensus among NBA observers is that players like Cameron Johnson and Dorian Finney-Smith will open the season in Brooklyn.
The Nets accrued a massive haul for Bridges, whose only individual accolade during his NBA career is one All-Defensive Team honor. Brooklyn has five new first-round picks plus a swap from New York, in addition to a second-round selection and a massive trade exception.
As Net Income points out, the deals Brooklyn made this summer sending out Bridges and regaining control of the team’s 2025 and 2026 first-round picks arguably turned out better than those rumored at the trade deadline, so the front office figures to take a similar patient approach in its discussions involving players like Johnson and Finney-Smith.
The article dives into a variety of intriguing offseason plot lines:
- Point guard Dennis Schröder, who is on an expiring $13MM contract, is another intriguing Nets trade candidate. The 31-year-old was the offensive fulcrum of a deep German national team this summer, although that program came up short of a medal. As Net Income observes, there has yet to be much chatter about a Schröder trade, but given how well he plays alongside Team Germany comrades Franz Wagner and Moritz Wagner, and the Magic‘s need for a point guard upgrade, Orlando feels like a potential trade partner.
- Head video coordinator Travis Bader has taken an assistant coaching gig with the Nets, while former assistant video coordinator Jim McDonnell has taken Bader’s old job, per NetsDaily. Capologist Makar Gevorkian has been promoted to vice president of basketball operations for alignment and strategic planning. Brooklyn still needs a new assistant general manager and a new co-head of the performance team.
- In a separate two-part story at NetsDaily, Net Income takes an in-depth look at how the franchise has grown a significant global fan base under current team owner Joe Tsai.
Free agent center Udoka Azubuike has signed on with Montenegrin club KK Buducnost Voli, the team has announced in a press statement.
The 6’10” big man was initially drafted by the Jazz in 2020, following an All-American career at Kansas. Utah selected him with the No. 27 overall pick.
Azubuike never made a consistent, long-term impact in either of his two NBA stops, in part due to health issues. He has yet to play more than 36 games in a single season. Across 84 contests (10 starts) in four years, he has averaged a scant 3.0 points and 2.8 rebounds in just 8.6 minutes per night.
Following three years split between the Jazz and their NBAGL affiliate, the Salt Lake City Stars, Azubuike inked a two-way deal with a starry Suns club for 2023/24. Last year, he appeared in just 16 games for Phoenix, averaging 7.1 minutes per contest.
Clearly, the NBA market for his services has proven somewhat finite this summer. Given that he’s still all of 24, an impressive international showing could help bolster his value stateside once again, and he might eventually be able to earn his next opportunity here that way.
Hoops Rumors is checking in on the 2024 offseason for all 30 NBA teams, recapping the summer’s free agent signings, trades, draft picks, departures, and more. We’ll take a look at each team’s offseason moves and consider what might still be coming before the regular season begins. Today, we’re focusing on the Chicago Bulls.
Free agent signings
Patrick Williams: Five years, $90,000,000. Fifth-year player option. Re-signed using Bird rights.- Jalen Smith: Three years, $27,000,000. Signed using non-taxpayer mid-level exception.
- Marcus Domask: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
- Kenneth Lofton Jr.: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
Trades
- Acquired Josh Giddey from the Thunder in exchange for Alex Caruso.
- Acquired Chris Duarte, RaiQuan Gray (two-way), the Kings’ 2025 second-round pick, the Kings’ 2028 second-round pick, and cash in a three-team trade in exchange for DeMar DeRozan (signed-and-traded to Kings).
- Note: Gray was subsequently waived.
Draft picks
- 1-11: Matas Buzelis
- Signed to rookie scale contract (four years, $23,950,723).
Two-way signings
Departed/unsigned free agents
- DeMar DeRozan (Kings)
- Henri Drell (Trail Blazers)
- Andre Drummond (Sixers)
- Javonte Green (unsigned)
Other moves
- Waived Andrew Funk (two-way).
Salary cap situation
- Operating over the cap ($140.6MM) and below the luxury tax line ($170.8MM).
- Carrying approximately $166.1MM in salary.
- Hard-capped at $178,132,000.
- $4,250,571 of mid-level exception available.
- Full bi-annual exception available.
- Two traded player exceptions available (largest worth $17,506,232).
The offseason so far
There was some good news for fans in Chicago this summer, as the Bulls’ front office finally accepted that roster changes were needed and that the group in place since 2021 wasn’t about to finally break through and become a contender.
The bad news? That decision probably came too late for the Bulls to get the most out of their veteran trade chips.
Chicago acquired a pair of future second-round picks along with Chris Duarte – a former first-round pick still on his rookie contract – in a sign-and-trade deal sending DeMar DeRozan to Sacramento. That’s a better outcome for the Bulls than letting their top scorer walk for nothing, but it’s a pretty modest return compared to what they might’ve gotten for DeRozan if they’d put him on the trade block before he reached unrestricted free agency.
The other two members of the Bulls’ one-time “big three” – Zach LaVine and Nikola Vucevic – didn’t go anywhere this offseason and may both still be on the roster on opening night. Their contracts (three years, $138MM for LaVine; two years, $41.5MM for Vucevic) are viewed as somewhat onerous relative to their on-court contributions.
While they could be traded, Chicago shouldn’t expect to receive much of value in return for either LaVine, who is coming off season-ending foot surgery, or Vucevic, who will turn 34 years old this October. In fact, moving off LaVine’s maximum-salary deal would probably require attaching assets at this point, so it might make more sense for the team to retain him in the hopes that he’ll increase his value by playing well this fall.
The most interesting move of the Bulls’ summer was trading defensive ace Alex Caruso for former lottery pick Josh Giddey, who had a tumultuous season both on and off the court in 2023/24. Based on reports that Chicago was seeking multiple first-rounders for Caruso, it came as a surprise that the club didn’t acquire a single pick in the deal, especially from a Thunder team loaded with future draft assets.
I understand the Bulls’ thinking to some extent. While his unreliable outside shot made him something of a liability in the postseason, Giddey is a talented ball-handler and play-maker who is still just 21 years old and is on his way to becoming a better pro than most mid-first-rounders in a typical draft class. A player with Giddey’s three-season track record certainly has a higher floor than an untested 19-year-old prospect.
On the other hand, Giddey is entering his fourth season and is currently eligible for a rookie scale extension. Even if he’s not extended by October 21, he’ll be due a major raise next summer when he reaches restricted free agency, whereas a draftee would’ve been on a team-friendly rookie contract for four seasons.
With Giddey expected to take over point guard duties, Patrick Williams back under contract on a five-year, $90MM deal, Jalen Smith added to the frontcourt on a three-year, $27MM contract, and lottery pick Matas Buzelis on track to play a role as a rookie, the Bulls are well on their way to leaning into a youth movement. However, the ongoing presence of LaVine and Vucevic complicates matters, leaving the team somewhat caught in the middle between play-in/playoff contention and a full-fledged rebuild.
Up next
Assuming there are no trades involving LaVine, Vucevic, or any other Bulls before opening night, 14 standard roster spots look spoken for, while the 15th is up for grabs.
Onuralp Bitim and Kenneth Lofton are among the players on non-guaranteed deals who appear to be in the mix for that last roster spot, and it’s possible the club will bring in one or two more players to compete for it in camp. Carrying a player with a non-guaranteed salary as the 15th man would give Chicago the flexibility to make an in-season change if need be.
The Bulls also have an open two-way slot, with Adama Sanogo and DJ Steward occupying two of those three openings for now. It’s possible that spot could be up for grabs in a camp competition too — Lofton and Marcus Domask are both on Exhibit 10 contracts that could be converted into two-way deals before the season begins.
Newcomers Giddey and Duarte are eligible for rookie scale extensions and I’d expect the Bulls to seriously consider signing Giddey. His stock could be much higher in a year than it is right now, assuming he thrives in Chicago with the ball in his hands more often, so locking him up sooner rather than later could pay off in the long run. A preseason agreement with Duarte, who has seen his playing time and production decline in each of his three NBA seasons, is hard to envision.
The only other Bull who is eligible for an extension is Lonzo Ball, but it’s safe to say that’s not happening either. Just getting on the court this fall would be a huge win for Ball, who has been sidelined for over two-and-a-half years due to knee issues. Barring an unlikely bounce-back season for the former No. 2 overall pick, he’s a strong candidate to have his expiring contract traded by February’s trade deadline — or to be waived before the end of the season, if he continues to miss time for health reasons.
The Serbian club KK Partizan, which is based in Belgrade and competes in the EuroLeague, held an event on Monday to formally introduce its roster for the 2024/25 season, according to Eurohoops.
Partizan’s squad features several players with NBA experience, including guards Frank Ntilikina and Gabriel Lundberg, whose deals were previously announced.
On Monday, the team also confirmed several signings which had been reported earlier in the summer but hadn’t yet been officially confirmed, such as Aleksej Pokusevski, Sterling Brown, Isaac Bonga, Duane Washington, and Brandon Davies.
Pokusevksi is perhaps the most notable name in the group. The 22-year-old forward was the 17th overall pick in the 2020 NBA draft and spent most of the past four seasons with the Thunder before being waived in February. He finished the season in Charlotte, averaging 7.4 points, 4.4 rebounds, and 1.7 assists in 19.2 minutes per game across 18 outings down the stretch for the Hornets.
Brown has 268 NBA regular season appearances under his belt, while Bonga has 143, Washington has 79, and Davies has 78. However, none of the four played in the league in 2023/24.
As Eurohoops notes, former NBA guard Carlik Jones will also play for KK Partizan this season, but wasn’t at Monday’s event — his flight was delayed, according to a report from Mozzart Sport, which indicates that Jones will be at the team’s first practice of the season this week.
Former NBA first-rounder Bruno Caboclo is also under contract with Partizan, but wasn’t in attendance on Monday and isn’t a lock to return to the club. He has reportedly received an offer from Hapoel Tel Aviv, a team in Israel.
The mid-level exception and bi-annual exception are the two key tools that an over-the-cap team typically has at its disposal to sign free agents from other clubs — or to re-sign one of its own free agents, if the player’s Bird rights aren’t available or aren’t sufficient.
The values of the mid-level, room, and bi-annual exceptions are tied to the salary cap and the percentage that it shifts in a given year. Here’s how that math works:
- Non-taxpayer mid-level exception: Worth 9.12% of salary cap.
- Taxpayer mid-level exception: Increases at the same rate as the salary cap.
- Room exception: Worth 5.678% of the salary cap.
- Bi-annual exception: Worth 3.32% of the salary cap.
As such, we don’t know yet exactly what those exceptions will be worth in 2025/26, but we can make an educated estimate. The NBA’s most recent projection for ’25/26 called for a cap of $154,647,000, which is the number we’ll use to project next season’s mid-level and bi-annual exceptions.
[RELATED: Maximum Salary Projections For 2025/26]
[RELATED: Minimum Salary Projections For 2025/26]
Based on a $154,647,000 cap, here’s what the mid-level and bi-annual exceptions would look like in 2025/26:
Mid-Level Exception
| Year | Standard MLE |
Taxpayer MLE | Room MLE |
|---|---|---|---|
| 2025/26 | $14,104,000 | $5,685,000 | $8,781,000 |
| 2026/27 | $14,809,200 | $5,969,250 | $9,220,050 |
| 2027/28 | $15,514,400 | $9,659,100 | |
| 2028/29 | $16,219,600 | – | – |
| Total | $60,647,200 | $11,654,250 | $27,660,150 |
The standard mid-level exception is available to over-the-cap teams who haven’t dipped below the cap to use room and whose team salary remains below the first tax apron. It can run for up to four years, with 5% annual raises. Once a team uses the standard/non-taxpayer MLE, that team is hard-capped at the first tax apron for the rest of the league year.
[RELATED: Hoops Rumors Glossary: Mid-Level Exception]
The taxpayer mid-level exception is for a team whose salary is between the first and second tax aprons, or teams who want the flexibility to surpass the first apron later. It can run for up to two years, with 5% annual raises. Once a team uses the taxpayer MLE, that team is hard-capped at the second tax apron for the rest of the league year.
The room exception is for teams who go under the cap and use their space. Once they’ve used all their cap room, they can use this version of the mid-level exception, which runs for up to three years with 5% annual raises.
Teams can use the non-taxpayer mid-level exception or the room exception – but not the taxpayer mid-level – to acquire a player via trade or waiver claim. The taxpayer MLE can only be used to sign players to new contracts.
Bi-Annual Exception
| Year | BAE Value |
|---|---|
| 2025/26 | $5,134,000 |
| 2026/27 | $5,390,700 |
| Total | $10,524,700 |
The bi-annual exception – which can be used for contracts up to two years, with a 5% raise after year one – is only available to teams that are over the cap and below the first tax apron.
It can also only be used once every two years, which will disqualify the Rockets and Clippers from using it in 2025/26, since Houston and Los Angeles have used their BAEs in 2024/25.
The Raptors have signed free agent guard Jared Rhoden, the team announced (via Twitter).
It’s an Exhibit 10 deal, a source tells Blake Murphy of Sportsnet (Twitter link), which means Rhoden will be invited to camp with no assurances of earning a roster spot or a two-way contract. He can receive a bonus worth up to $77.5K if he’s waived and spends at least 60 days with Toronto’s G League affiliate.
Rhoden, 24, played the past two years on two-way contracts with the Pistons, appearing in 31 total games. Last season he averaged 4.9 points and 1.9 rebounds in 17 games while shooting 50% from the field and 38.7% from three-point range.
A former standout at Seton Hall, Rhoden signed with the Trail Blazers after going undrafted in 2022. He was waived before the start of the season and claimed by the Hawks, who waived him the next day.
Toronto has now reached the training camp limit of 21 players, Murphy adds (Twitter link). That total breaks down to 14 guaranteed contracts, Bruno Fernando‘s non-guaranteed deal, three two-way players and three with Exhibit 10 contracts. That includes Quincy Guerrier, whose Exhibit 10 deal has been reported, but not confirmed by the Raptors. Murphy notes that the team has plenty of room below the tax line to make in-season roster moves.