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Obi Toppin Signs Four-Year Contract With Pacers

June 30th, 2024 at 12:51pm CST by Alex Kirschenbaum

JULY 6: Toppin has officially re-signed with the Pacers, the team announced in a press release.

“Obi Toppin embraced our city, our team, and his role from the moment he arrived, and then proved time and again to be an integral part of the success we achieved last season in reaching the Eastern Conference Finals,” president of basketball operations Kevin Pritchard said in a statement. “Obi’s style of play, selfless attitude, and work ethic are all consistent with the culture we’ve built here, and we’re confident he will play a key role for us moving forward.”

JUNE 30: Restricted free agent Pacers power forward Obi Toppin intends to sign a four-year, $60MM contract to stay in Indiana, sources inform Adrian Wojnarowski of ESPN (Twitter link).

As Wojnarowski notes, the 6’9″ Dayton alum emerged as a critical bench contributor for a Pacers club that advanced all the way to the Eastern Conference finals this past spring for the first time in a decade.

The eighth overall pick in the 2020 draft, Toppin was traded from New York to Indiana a year ago in exchange for a pair of second-round picks after he spent his first three professional seasons with the Knicks. In his first year as a Pacer, the 26-year-old set new career highs in points (10.3), rebounds (3.9), and assists (1.6) per game, as well as field goal percentage (57.3%) and three-point percentage (40.3%).

With tentative deals in place for Pascal Siakam (four years, maximum salary) and Toppin, the Pacers’ team salary for 2024/25 projects to be about $6.4MM below the luxury tax line with at least two roster spots still to be filled, tweets cap expert Yossi Gozlan.

While it’s technically possible for the Pacers to use their full mid-level exception and stay below the first tax apron, doing so would make them a taxpayer, so that’s unlikely. It also remains to be seen whether the team will have room under the tax to bring back free agent big man Jalen Smith on a new deal after he opted out of his contract on Saturday. Of course, a cost-cutting move to create additional spending flexibility is always a possibility.

Toppin had been the No. 27 player on our list of this summer’s top 50 free agents.

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2024 NBA Free Agency Primer

June 30th, 2024 at 12:25pm CST by Luke Adams

While teams have been permitted to negotiate with their own free agents since the day after the end of the NBA Finals, the league’s 2024 free agency period officially begins on Sunday at 5:00 pm central time. Several contract agreements have been reported during the last week or two, but that number will significant increase beginning on Sunday evening.

Here are a few links to prepare you for one of the most exciting days on the NBA calendar:

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Alex Len Re-Signs With Kings

June 30th, 2024 at 11:51am CST by Arthur Hill

JULY 9: Len has officially re-signed with the Kings, according to NBA.com’s transaction log.

JUNE 30: Kings center Alex Len will return to the team on a one-year contract, sources tell Shams Charania of The Athletic (Twitter link).

It will be the fourth straight season in Sacramento for the 31-year-old Len, who originally joined the team as a free agent in 2021 and then re-signed last summer. Len appeared in 48 games this season, all off the bench, and averaged 2.5 points, 2.7 rebounds and 1.0 assists in 9.3 minutes per night.

Len will be back on a veteran’s minimum deal for 2024/25, and although he’s projected to make a little more than $3.3MM, the new contract will only count as $2.1MM for Sacramento’s salary cap and tax purposes.

Len was considered to be a top prospect when he was selected by Phoenix with the fifth pick in the 2013 draft. He never got close to achieving stardom, but he has been able to carve out a long NBA career, mostly as a backup center. He also had brief stays in Atlanta, Toronto and Washington before coming to the Kings.

With Malik Monk agreeing to a new deal last week, Sacramento has taken care of both its unrestricted free agents before they could begin negotiating with other teams.

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Warriors Believed They Were Close To Trading For Paul George

June 30th, 2024 at 10:47am CST by Arthur Hill

The Warriors believed several times on Saturday that they were close to a deal to acquire Paul George from the Clippers, sources tell Tim Kawakami of The Athletic.

Kawakami hears that the teams were involved in “very serious negotiations” right up until the Saturday afternoon deadline for George to decide on his $48.8MM player option for next season. George ultimately declined the option, putting him out of the reach of Golden State, which doesn’t have any cap space to pursue him in free agency.

The Warriors had committed to giving George a four-year maximum-salary contract (ie. a three-year extension on top of his option year) if the deal had gone through, Kawakami adds. That was the main holdup with L.A., which has been unwilling to go beyond three total years in its talks with the 34-year-old forward.

There were several versions of a trade that the Clippers seemed willing to accept, Kawakami states, and Stephen Curry and Draymond Green both endorsed the idea of adding George.

George also provided “strong indications” that he wanted to be traded to the Warriors, according to Kawakami’s sources, but L.A. never gave final approval to the deal and George opted for free agency.

According to Kawakami, Andrew Wiggins, Chris Paul, Jonathan Kuminga, Moses Moody, and a first-round pick were among the Warriors’ potential outgoing trade chips that came up in discussions. If the two sides had agreed to a deal, it would have included some – but not all – of those pieces.

It’s a potentially devastating outcome for Golden State because George would have been an ideal replacement for Klay Thompson, who appears likely to be headed elsewhere. Even though Thompson can’t start talking to rival teams for a few more hours, an NBA source tells Kawakami that he has already said goodbye to several high-ranking members of the front office.

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Southeast Notes: Wizards, Martin, Murray, Bridges

June 30th, 2024 at 9:30am CST by Arthur Hill

The Wizards held a press conference Saturday to introduce their three first-round picks, who are products of an aggressive strategy to add young talent in this year’s draft, writes Sapna Bansil of The Washington Post. Heading into Wednesday night with the second and 26th selections, Washington took Alexandre Sarr at No. 2 as expected, then traded up to No. 14 to grab Carlton Carrington and moved up to No. 24 to add Kyshawn George.

“We walked into [the draft] Wednesday night and had a plan in place,” general manager Will Dawkins told reporters. “We were aligned from top to bottom. We were strategic, [and] we were aggressive and made sure that we accomplished our goals. So with these three young men to my left, we feel like we’re adding a few more bricks to that base-level foundation that we talked about at the end of the season.”

Sarr, a 7’0″ center, becomes the cornerstone of the franchise and an anchor for the defense. Carrington will provide scoring punch in the backcourt, while George is a wing who can handle the ball and shoot threes. All three players are expected to be part of the Wizards’ Summer League team.

Bansil notes that for the second straight year, the front office prioritized athleticism, positional size and the ability to contribute on both ends of the court. They also looked for players who are mentally tough enough to handle rebuilding.

“Not every team [has] three first-round picks, and I think it was just very cool to be able to be with these guys that enjoy the game, are very positive and are easygoing people,” George said. “We’re all in the same boat, and getting to start this rebuild as a young group, young core is very exciting.”

There’s more from the Southeast Division:

  • The Heat are unlikely to be able to re-sign free agent forward Caleb Martin, a source tells Anthony Chiang of The Miami Herald. Martin, who declined his $7.13MM player option on Saturday, may get offers for the full $12.9MM non-taxpayer mid-level exception, Chiang adds. Re-signing him would mean second-apron status for Miami, which may now prioritize keeping Haywood Highsmith. They have been talking since teams were allowed to start negotiating with their own free agents, and Chiang hears there’s mutual interest in a new deal. Chiang also reveals that second-round pick Pelle Larsson is expected to sign a standard contract for next season worth between $1-2MM, although a two-way deal remains an option depending on how the rest of the roster comes together.
  • In a SportsCenter appearance (video link), ESPN’s Adrian Wojnarowski said there was “more of a market” to trade Dejounte Murray than fellow Hawks guard Trae Young. Murray is heading to New Orleans in exchange for a package that includes the Lakers’ first-round pick next year, and Wojnarowski said Atlanta was determined to land a selection in what’s projected to be a strong 2025 draft.
  • There’s still no clarity on Miles Bridges‘ future with the Hornets, per Roderick Boone of The Charlotte Observer. Bridges has been able to negotiate with the team for the past week-and-a-half, but Boone states that there hasn’t been “a hint of much traction” and the forward appears ready to test the open market.
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2024 NBA Qualifying Offer Recap

June 30th, 2024 at 8:13am CST by Luke Adams

Players eligible for restricted free agency don’t become restricted free agents by default. In order for a team to make a player a restricted free agent, it must extend a qualifying offer to him. The qualifying offer, which is essentially just a one-year contract offer, varies in amount depending on a player’s previous contract status.

A qualifying offer is designed to give a player’s current team the right of first refusal. Because the qualifying offer acts as the first formal contract offer a free agent receives, his team then has the option to match any offer sheet the player signs with another club. If a player doesn’t receive a qualifying offer, he becomes an unrestricted free agent and is free to sign with any team — his previous club is given no formal opportunity to match.

You can read more about qualifying offers here.

Listed below are the details on which players did and didn’t receive qualifying offers this summer. Our list is based on various reports and team announcements leading up to the June 29 deadline, along with confirmation from RealGM’s official NBA transactions log.

It’s possible that one or two qualifying offers slipped through the cracks and will be reported later today before free agency officially gets underway — if so, we’ll update this list.

For now though, this is what the qualifying offer landscape looks like. The players who received QOs will be restricted free agents, while the players who didn’t will be unrestricted. We’ve updated our free agents lists by position and by team to reflect the changes.

Received qualifying offers:

Players on standard contracts:

Note: Qualifying offers marked with an asterisk (*) are based on a projected $141MM salary cap and would increase or decrease if the cap comes in higher or lower than that.

Players on two-way contracts:

Note: Qualifying offers for two-way players are one-year, two-way contracts with a guarantee of approximately $78K unless otherwise indicated.

Did not receive qualifying offers:

Players on standard contracts:

Players on two-way contracts:

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FA Rumors: Lakers, LeBron, Harden, Klay, George, Magic, DeRozan, More

June 30th, 2024 at 7:31am CST by Luke Adams

Having confirmed on Saturday that LeBron James would be open to accepting less than the maximum salary in certain scenarios, agent Rich Paul tells Dave McMenamin of ESPN that the idea would be for the Lakers to add an “impact player” using that extra flexibility.

James Harden, Klay Thompson, and Jonas Valanciunas are a few of the “impact” players who might fit that criteria, sources tell McMenamin. While it might be difficult to convince Harden or Thompson to settle for the mid-level (worth approximately $12.9MM), a sign-and-trade could also be a possibility to land that sort of player. Acquiring a player via sign-and-trade would hard-cap the Lakers at the first tax apron for 2024/25, but so would using more than the taxpayer portion ($5.2MM) of the mid-level exception.

[RELATED: Lakers, Clippers, Mavericks among Klay Thompson’s suitors]

If the Lakers aren’t able to add a player of that caliber, the plan would be for James to seek a max deal to return to the Lakers, Paul tells McMenamin. If LeBron does accept a pay cut, the most likely scenario would see him accept a two-year deal with a 2025/26 player option so that he’d have the ability to negotiate a raise a year from now, sources tell Jovan Buha of The Athletic.

Elsewhere on the Lakers front, after tendering a qualifying offer to Max Christie to make him a restricted free agent, the team would like to retain the 21-year-old guard, envisioning him as a rotation player next season, sources tell Buha. However, if L.A. hard-caps itself by adding an impact player via sign-and-trade or the MLE, fitting a new deal for Christie under the first apron could be a challenge.

Here are a few more rumors from around the NBA ahead of the official start of free agency on Sunday evening:

  • Adrian Wojnarowski of ESPN referred to the Sixers this morning on SportsCenter as a “legitimate threat” to sign Paul George away from the Clippers (hat tip to Adam Zagoria of NJ.com), while Marc Stein writes in his latest Substack story that Philadelphia has a “significant measure of renewed hope” in its ability to land the star forward.
  • Although the Magic are one of three teams to secure a meeting with George, the free agents connected most frequently to Orlando by league insiders are Knicks center Isaiah Hartenstein and Nuggets wing Kentavious Caldwell-Pope, per Stein.
  • There’s a belief that DeMar DeRozan may wait to see what happens with George’s free agency before making a decision, according to Stein, since he’d have a better feel for his options outside the Bulls at that point. Multiple reports this offseason have suggested the Clippers could be a suitor for DeRozan (likely via sign-and-trade) if they lose George.
  • While the Lakers have emerged as a legitimate option for Klay Thompson, the Mavericks have made the veteran sharpshooter their top free agent priority, even ahead of starting small forward Derrick Jones, says Stein. Dallas hasn’t ruled out the possibility of signing both players – that would require a sign-and-trade for Thompson and an MLE deal for Jones – which would be the team’s true “Plan A,” Stein writes, adding that Naji Marshall continues to be mentioned as a likely Mavs target if they lose Jones.
  • The Clippers and Spurs are among the teams expected to have interest in Chris Paul if the veteran point guard ends up being waived by Golden State and becoming a free agent, reports Stein.
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Option/QO Notes: Green, Watanabe, Bertans, Barlow, Kings, More

June 30th, 2024 at 6:50am CST by Luke Adams

Saturday represented the deadline for teams and players to exercise 2024/25 contract options and for teams to issue qualifying offers to players eligible for free agency. While there was a flurry of news about those options and QO decisions yesterday, a few players still slipped through the cracks.

We’ll start with Rockets forward Jeff Green. Reporting last week indicated that Houston planned to exercise his $8MM team option for 2024/25 and the team did just that, per RealGM’s transaction log. Green’s salary technically remains non-guaranteed until July 11 even now that his option has been picked up, but the expectation is that he’ll be retained — his expiring deal could be a useful salary-matching piece in a trade, and he also played rotation minutes for Houston last season, averaging 16.8 MPG in 78 appearances.

While there was no official confirmation on Saturday (as far as we could tell), Grizzlies forward Yuta Watanabe had long been expected to decline his $2.65MM player option for the 2024/25 season, since he’s on track to return to his home country of Japan and play for the Chiba Jets. There’s no indication that those plans have changed or that he picked up his option, so we’re assuming it was declined and that he’ll be off the board for NBA teams this offseason.

Finally, Davis Bertans‘ option with the Hornets was technically an early termination option rather than a player option, meaning that instead of needing to actively exercise it if he wanted to opt in, he needed to do nothing to opt in. He did just that, and will remain under contract with Charlotte for the time being, rather than becoming a free agent. However, his $16MM option salary is only partially guaranteed for $5.25MM, so he’s not assured of having the rest of that salary guaranteed, especially if the Hornets are looking to maximize their cap flexibility this offseason.

Here are a few more updates left over from a busy Saturday:

  • Dominick Barlow, a 21-year-old forward who has spent the past two seasons with the Spurs, didn’t receive a qualifying offer to make him a restricted free agent, per Adrian Wojnarowski of ESPN (Twitter link). San Antonio isn’t necessarily planning to part ways with Barlow, according to Tom Orsborn of The San Antonio Express-News, who tweets that the Spurs still have interest in discussing a new deal. However, he’ll have interest from other teams as well, says Wojnarowski.
  • The Kings didn’t tender qualifying offers to their three players eligible for restricted free agency (Kessler Edwards, Jordan Ford, or Jalen Slawson), confirms Sean Cunningham of FOX 40 Sacramento (Twitter link). All three players will be unrestricted free agents.
  • According to RealGM, players who did receive qualifying offers that weren’t previously reported (that we saw) include no-brainers like Sixers guard Tyrese Maxey and Raptors guard Immanuel Quickley, as well as Mavericks two-way player Brandon Williams.
  • We’ve previously published trackers for this year’s team option decisions and player option decisions, which are now fully up to date. We’ll be posting a full qualifying offer recap later this morning.
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Northwest Notes: Ayton, Clingan, C. Williams, Porter

June 29th, 2024 at 10:59pm CST by Arthur Hill

The morning after Trail Blazers general manager Joe Cronin took UConn’s Donovan Clingan with the seventh pick in the draft, he felt it was necessary to call starting center Deandre Ayton and explain the move, writes Jason Quick of The Athletic. To his delight, Cronin found that Ayton wasn’t just understanding of the decision, but extremely supportive.

“He was like, ‘OK, where can we take this?’” Cronin said. “(He asked) How can he help me? How can I help him? What can we do together?’ His attitude was great about the whole situation.”

Quick notes that Ayton’s attitude was often a problem early in his career and even at times last season, but it has improved to the point where he’s now considered a “building block” of the franchise. Coach Chauncey Billups, who’s getting ready to fly to Spain to watch Ayton’s Bahamas team in an Olympic qualifying tournament, is excited about experimenting with Ayton and Clingan in a twin towers lineup.

“I’m willing to try things,” Billups said. “Several teams are playing big — Cleveland, Denver, Memphis … I’m going to try having (Clingan) and D.A. out there together. But it depends who is on the floor. Is it Jaren Jackson? Is it Aaron Gordon? Is it Evan Mobley?”

There’s more from the Northwest Division:

  • Clingan emphasized his desire to win during an introductory press conference Saturday in Portland, Quick adds. He credited his late mother with teaching him the importance of defense. “You have to play great defense to win games, and I want to win games,” Clingan said. “I’ll take a block off the backboard over a dunk any day of the week.”
  • The Jazz don’t expect first-round pick Cody Williams to make an immediate impact like his older brother Jalen Williams did in Oklahoma City, but they recognize there are benefits to having a sibling who’s already in the NBA, per Sarah Todd of The Deseret News. “I think it is a great example for him,” general manager Justin Zanik said. “They’re going to be different. They’re not the exact same player at all. But just being able to be around that can continue to inspire and grow Cody’s passion for the game.”
  • The Nuggets need a roster shakeup this summer and their best option is to trade Michael Porter Jr., contends Troy Renck of The Denver Post. With Jamal Murray about to receive a max extension and Gordon possibly becoming a free agent next summer, dealing Porter would relieve some of the financial strain on an expensive roster. Renck hears that Denver has explored several trade options involving Porter and had interest in Alex Caruso before he was traded to the Thunder.
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Hawks, Bruno Fernando Agree To Push Back Guarantee Date

June 29th, 2024 at 9:36pm CST by Luke Adams

For a second straight year, the Hawks and Bruno Fernando have reached an agreement to push back his salary guarantee date, reports Lauren L. Williams of The Atlanta Journal-Constitution (Twitter link).

In 2023, Atlanta moved Fernando’s salary guarantee deadline from June 29 to July 10, then ultimately kept him on the roster, guaranteeing his full $2.58MM salary for ’23/24. The guarantee date for his $2.72MM salary for ’24/25 has been pushed from June 29 into next month, Williams says, though there are no specific details yet on the new date.

Fernando is one of several players around the league who had a June 28 or June 29 salary guarantee date on his contract for 2024/25. Here are updates on a few of the others:

  • T.J. McConnell‘s $9.3MM salary for 2024/25, which had been partially guaranteed for $5MM, became fully guaranteed when the Pacers guard remained under contract through Friday, as Tony East of SI.com tweets. Given McConnell’s on-court value to Indiana, he was obviously never in danger of being waived.
  • That’s also true of Lauri Markkanen, whose contract with the Jazz featured a salary guarantee deadline on Friday. We can safely assume the team didn’t make any effort to push that date back, so the star forward’s $18MM salary for next season is now guaranteed.
  • Dante Exum remains in the Mavericks‘ plans going forward, according to Tim MacMahon of ESPN, who notes (via Twitter) that the guard’s $3.15MM salary for 2024/25 became guaranteed when he wasn’t waived on Friday. Exum had a very successful return to the NBA last season after two years in Europe, averaging 7.8 PPG, 2.9 APG, and 2.7 RPG with a .533/.491/.779 shooting line in 55 games (19.8 MPG) for Dallas.
  • Josh Minott‘s $2.02MM salary with the Timberwolves for 2024/25 is now guaranteed, tweets Dane Moore of Blue Wire Podcasts. Minott’s cap hit is a little less than that of a two-year veteran’s minimum, so in addition to having the opportunity to continue developing the 2022 second-round pick, Minnesota will save a little money by carrying him in place of a minimum-salary signing.
  • Reporting last week suggested that the Rockets planned to keep center Jock Landale through his guarantee date on Saturday, and there have been no indications since then that the plan has changed or that his deadline has been pushed back, so we’re assuming his $8MM salary for 2024/25 is now fully guaranteed. Landale, who had an inconsistent role last season, could be used as a salary-matching piece in a Houston trade at some point during the coming league year.
  • Our early salary guarantee date tracker has been updated to reflect all of these updates.
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