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NBA 2023 Free Agency: Day 1 Recap

July 1st, 2023 at 1:42am CST by Luke Adams

It was a very busy first day of NBA free agency on Friday. By our count, a total of 39 free agents have agreed to new deals since the negotiating period officially began at 5:00 pm CT, while two more players agreed to maximum-salary extensions.

There was some action on the trade market too, with one deal officially finalized on Friday and three more agreed upon.

Listed below are all the free agent agreements, contract extensions, trades, and other notable news items from the first day of free agency.

Free agent agreements

These deals aren’t yet official, so the reported terms could change — or agreements could fall through altogether. Generally speaking though, teams and players are on track to finalize these agreements sometime after the moratorium ends on July 6.

Note: Some of these salary figures may include options, incentives, or non-guaranteed money.

Jerami Grant, Trail Blazers agree to five-year, $160MM contract.
Fred VanVleet, Rockets agree to three-year, $128.5MM contract (maximum salary)
Kyrie Irving, Mavericks agree to three-year, $126MM contract.
Cameron Johnson, Nets agree to four-year, $108MM contract.
Khris Middleton, Bucks agree to three-year, $102MM contract.
Kyle Kuzma, Wizards agree to four-year, $102MM contract.
Draymond Green, Warriors agree to four-year, $100MM contract.
Jakob Poeltl, Raptors agree to four-year, $80MM contract.
Herbert Jones, Pelicans agree to four-year, $53.8MM contract.
Rui Hachimura, Lakers agree to three-year, $51MM contract.
Bruce Brown, Pacers agree to two-year, $45MM contract.
Coby White, Bulls agree to three-year, $33MM contract.
Gabe Vincent, Lakers agree to three-year, $33MM contract.
Caris LeVert, Cavaliers agree to two-year, $32MM contract.
Georges Niang, Cavaliers agree to three-year, $26MM contract.
Dennis Schröder, Raptors agree to two-year, $25.4MM contract.
Joe Ingles, Magic agree to two-year, $22MM contract.
Tre Jones, Spurs agree to two-year, $20MM contract.
Jevon Carter, Bulls agree to three-year, $19MM contract.
Trey Lyles, Kings agree to two-year, $16MM contract.
Julian Champagnie, Spurs agree to four-year, $12MM contract.
Reggie Jackson, Nuggets agree to two-year, $10.25MM contract.
Shake Milton, Timberwolves agree to two-year, $10MM contract.
Seth Curry, Mavericks agree to two-year, $9.3MM contract.
Nickeil Alexander-Walker, Timberwolves agree to two-year, $9MM contract.
Troy Brown, Timberwolves agree to two-year, $8MM contract.
Kevin Love, Heat agree to two-year, $7.6MM contract.
Taurean Prince, Lakers agree to one-year, $4.5MM contract.
Keita Bates-Diop, Suns agree to two-year, minimum-salary contract.
Oshae Brissett, Celtics agree to two-year, minimum-salary contract.
Cam Reddish, Lakers agree to two-year, minimum-salary contract.
Derrick Rose, Grizzlies agree to two-year, minimum-salary contract.
Josh Richardson, Heat agree to two-year, minimum-salary contract.
Drew Eubanks, Suns agree to two-year, minimum-salary contract.
Chimezie Metu, Suns agree to one-year, minimum-salary contract.
Yuta Watanabe, Suns agree to one-year, minimum-salary contract.
Damion Lee, Suns agree to two-year contract.
DeAndre Jordan, Nuggets agree to contract.
Josh Okogie, Suns agree to contract.

Contract extensions

Tyrese Haliburton, Pacers agree to five-year, maximum-salary rookie scale extension with Rose Rule language.
Desmond Bane, Grizzlies agree to five-year, maximum-salary rookie scale extension.
Kristaps Porzingis, Celtics expected to finalize two-year, $60MM extension.

Trades

Nets agree to trade Joe Harris and two future second-round picks to Pistons in exchange for cash.
Wizards agree to trade Monte Morris to Pistons in exchange for a 2027 second-round pick.
Heat agree to trade Victor Oladipo and draft compensation to the Thunder for a return that’s TBD.
Pistons trade draft rights to Balsa Koprivica to Clippers in exchange for cash.
Pacers nearing agreement to trade Chris Duarte to Kings for draft compensation.

Other notable headlines

Clippers are James Harden‘s preferred destination as trade talks with Sixers begin.
Sixers not expected to pursue rookie scale extension with Tyrese Maxey.
Gary Trent Jr., Raptors nearing multiyear extension.
Jordan Clarkson, Jazz engaged in extension discussions.
Magic guarantee 2023/24 salaries for Markelle Fultz, Gary Harris.
Trail Blazers waive Trendon Watford.

The first seven players on our list of this year’s top 50 free agents came off the board on Friday night, but there are still plenty of recognizable names on the market, including D’Angelo Russell, Miles Bridges, P.J. Washington, Austin Reaves, Brook Lopez, Max Strus, and Dillon Brooks.

The full list of available free agents can be found right here.

Free Agent Rumors: G. Williams, Lakers, Gordon, Vincent, Brooks

July 1st, 2023 at 1:39am CST by Alex Kirschenbaum

The Celtics are letting the market dictate how they proceed with the contract of restricted free agent power forward Grant Williams.

Sources tell Adam Himmelsbach of The Boston Globe that, since Boston has the right of first refusal on Williams, the team is waiting to see if he gets an offer sheet before making a decision on his future.

The 3-and-D role player could be feeling some roster squeeze if he does return to the Celtics next season, as the club will now boast a frontcourt that features Kristaps Porzingis in addition to Al Horford and Robert Williams III.

Here’s more from around the league:

The Lakers may be open to bringing back unrestricted free agent shooting guard Malik Beasley for next season, even after deciding not to pick up their $16.5MM option on him for 2023/24. Sources tell Jake Fischer of Yahoo Sports that team president Rob Pelinka still appreciates Beasley as a player and the club has some interest in re-signing him on what would have to be a significantly smaller deal. Fischer adds that the Lakers have not yet made a determination on the future of starting point guard D’Angelo Russell, though both Russell’s management and L.A. had been hopeful about reaching a new long-term deal earlier Friday.
Fischer adds that the Raptors were viewed as a prime suitor Gabe Vincent as it became increasingly clear that Fred VanVleet would sign a huge new contract with the Rockets. However, after Lakers mid-level target Bruce Brown joined the Pacers early on in free agency, Los Angeles weighed a pursuit of shooting guard Eric Gordon before ultimately deciding on Vincent. Sources tell Fischer that the Raptors didn’t end up reaching out to Vincent during free agency.
The Heat offered Vincent a four-year, $34MM contract to stay in Miami, a source tells Tim Reynolds of The Associated Press (via Twitter). The 27-year-old instead opted for a shorter-term deal with a higher annual salary, accepting a three-year, $33MM offer from the Lakers.
The Rockets‘ anticipated meeting with small forward Dillon Brooks is taking place either late on Friday or at some point on Saturday, reports Kelly Iko of The Athletic. According to Iko, the defensive-oriented 6’7″ swingman has had conversations with the Bucks and Lakers on Friday while Houston focused on locking up VanVleet. Now that the Lakers have committed most of their mid-level exception to Vincent, they’re likely no longer a viable landing spot for Brooks, Iko notes.

Hoops Rumors’ 2023 NBA Free Agent Tracker

July 1st, 2023 at 12:24am CST by Luke Adams

With free agency officially underway and news of contract agreements breaking left and right, Hoops Rumors is here to help you keep track of which players are heading to which teams this offseason. To this end, we present our Free Agent Tracker, a feature we’ve had each year since our inception in 2012. Using our tracker, you can quickly look up deals, sorting by team, position, free agent type, and a handful of other variables.

A few notes on the tracker:

Early in free agency, most of the information you’ll find in the tracker will reflect tentative agreements, rather than finalized deals. As signings become official, we’ll continue to update and modify the data as needed.
Similarly, contract years and dollars will be based on what’s been reported to date, so in many cases those amounts will be estimates or approximations rather than official figures. Salaries aren’t necessarily fully guaranteed either.
A restricted free agent who signs an offer sheet won’t be included in the tracker right away. We’ll wait to hear whether the player’s original team will match or pass on that offer sheet before we update our tracker in order to avoid any confusion.
If you’re viewing the tracker on our mobile site, be sure to turn your phone sideways to see more details.

Our 2023 Free Agent Tracker can be found anytime on the right sidebar of our desktop site under “Hoops Rumors Features,” and it’s also under the “Tools” menu atop the site. On our mobile site, it can be found in our menu under “Free Agent Lists.”

The tracker will be updated throughout the offseason, so be sure to check back for the latest info. If you have any corrections, please let us know right here.

Our lists of free agents by position/type and by team break down the players who have yet to reach contract agreements.

Categories:
Hoops Rumors Originals

Pistons, Clippers Complete Minor Trade

June 30th, 2023 at 10:42pm CST by Luke Adams

The Pistons and Clippers have officially finalized a minor transaction, according to announcements from both teams (Twitter links). Detroit traded the draft rights to 2021 second-round pick Balsa Koprivica to Los Angeles in exchange for cash considerations.

The 57th overall pick in the 2021 draft, Koprivica has spent the last two seasons overseas with Partizan Belgrade in Serbia after playing his college ball at Florida State. The big man averaged 9.1 PPG and 5.6 RPG in 24 games (19.5 MPG) during his sophomore season with the Seminoles in 2020/21.

According to Omari Sankofa II of The Detroit Free Press (Twitter link), the Clippers sent $2.1MM to Detroit for Koprivica’s rights, which isn’t an insignificant sum.

Tony East of SI.com (Twitter link) theorizes that the Clippers decided to pay for the rights to a draft-and-stash player before the new league year began on July 1 because teams over the second tax apron won’t be permitted to trade cash in the new CBA, but will be able to trade players’ draft rights. In other words, they were turning an asset they won’t be able to use into one they can.

My understanding, however, is that the restrictions on trading cash won’t go into effect until after the 2023/24 regular season ends. So either the Clippers were preparing for those changes down the road or they just believe in the 23-year-old’s NBA potential.

Free Agent Rumors: Lopez, Banton, T. Davis, Strus

June 30th, 2023 at 10:17pm CST by Alex Kirschenbaum

Multiple NBA clubs are awaiting word on the future of unrestricted free agent center Brook Lopez, who has spent his past five seasons with the Bucks, per Jake Fischer of Yahoo Sports (Twitter link).

Fischer reports that “increasing word” on Friday suggests the Rockets may bid in excess of the two-year, $40MM deal that has been floated as a possibility.

Lopez, 35, has enjoyed a fruitful relationship with Milwaukee. The seven-footer has been named to two All-Defensive Teams and won his first championship during his Bucks tenure, while totally transforming his game, from being a fringe All-Star post scorer while with the Nets to the gritty 3-and-D role player he is now.

In 78 regular season games for the 58-24 Bucks last season, the former Stanford big man posted averages of 15.9 PPG on .531/.374/.784 shooting splits, in addition to 6.7 RPG, 2.5 BPG and 1.3 APG. He was the runner-up for Defensive Player of the Year honors.

Here are further free agent rumors:

Free agent point guard Dalano Banton met with the Celtics on Friday, according to Rafael Barlowe of NBA Big Board (via Twitter). The 6’9″ vet out of Nebraska had spent both of his NBA seasons to date with the Raptors. In 31 contests, last year, he averaged 4.6 PPG, 1.5 RPG and 1.2 APG.
The Celtics, Suns, Bucks, Mavericks and Raptors are among the teams with some level of interest in free agent former Kings shooting guard Terence Davis, according to Mark Jones of ESPN and Michael Scotto of HoopsHype (Twitter links).
According to Fischer (Twitter link), the Spurs have emerged as a possible third team in a rumored sign-and-trade deal that would send Heat free agent shooting guard Max Strus to the Cavaliers. Sources tell Fischer that Cleveland has been looking to offload the contract of swingman Cedi Osman, whom Miami presumably has no interest in taking on. Barry Jackson of The Miami Herald reports (via Twitter) that the Heat are aiming to create a trade exception and a future second-round draft selection in any sign-and-trade involving Strus.

Salary Cap, Tax Line Set For 2023/24 NBA Season

June 30th, 2023 at 9:46pm CST by Luke Adams

The NBA has officially set the salary cap for its 2023/24 season. As forecasted earlier this week, the cap increased by a full 10% on last season’s $123,655,000 figure.

Here are the details, largely courtesy of a league press release:

Salary cap: $136,021,000
Luxury tax line: $165,294,000
First tax apron: $172,346,000
Second tax apron: $182,794,000
Minimum salary floor: $122,418,000
Non-taxpayer mid-level exception: $12,405,000
Taxpayer mid-level exception: $5,000,000
Room exception: $7,723,000
Bi-annual exception: $4,516,000
Maximum salaries:
- 6 years or fewer: $34,005,250
- 7-9 years: $40,806,300
- 10+ years: $47,607,350
Early Bird exception: $12,015,150
Estimated average salary: $11,958,000
Trade cash limit: $7,005,000

The first tax apron for the 2023/24 league year will be the hard cap for any team that acquires a player via sign-and-trade, signs a player using more than the taxpayer portion of the mid-level exception, signs a player using a bi-annual exception, or acquires more than 110% of the outgoing salary in a trade.

The second tax apron is the hard cap for a team that uses the taxpayer mid-level exception.

The salary floor is the minimum amount a team must pay its players in 2023/24. A team that doesn’t spend up to that amount by the start of the regular season will pay the shortfall to the NBA and will only be eligible for 50% of its full share of the luxury tax distribution at season’s end.

The Early Bird amount – which was confirmed to Hoops Rumors by Yossi Gozlan of HoopsHype – is the maximum amount a team can offer a player it intends to re-sign using his Early Bird rights. Pelicans forward Herbert Jones has already agreed to an Early Bird deal.

Players earning below the estimated average salary this season who are eligible for a veteran extension can receive a starting salary of up to 140% of the estimated average salary on a new deal. So the maximum starting salary for a player earning below the league average who signs an extension that begins in 2024/25 will be $16,741,200.

The trade cash limit is the maximum amount of money a team can send or receive during the 2023/24 league year. The sent and received categories are separate, so if a team sends out $7,005,000 in one trade and receives $7,005,000 in another, they aren’t back at square one — they’ve reached both limits.

We have separate stories breaking the full year-by-year figures for this year’s maximum salaries, minimum salaries, and mid-level and bi-annual exceptions.

Categories:
Newsstand
Salary Cap

Raptors, Gary Trent Jr. Nearing Multiyear Extension

June 30th, 2023 at 9:42pm CST by Rory Maher

After exercising his 2023/24 player option worth $18,785,000, Gary Trent Jr. is closing in on a “lucrative multiyear extension” with the Raptors, league sources tell Chris Haynes of TNT and Bleacher Report (Twitter link).

Trent will be extension-eligible on July 7, so a new deal would technically have to wait about a week before becoming official.

The 24-year-old had long been expected to opt out of his option in order to hit the open market and sign a longer-term deal worth perhaps $18-20MM annually. It seems as though that will be coming to fruition, but instead of with a new club, the young shooting guard will be staying with Toronto.

As Blake Murphy of Sportsnet.ca notes (via Twitter), Trent’s extension technically could be worth up to $116.4MM with a starting salary of $25.98MM in ’24/25 due to a change in how veteran extensions work in the new CBA. Murphy doesn’t think Trent will receive that robust total, but it gives more wiggle room for negotiating a larger sum.

Trent is coming off a solid two-and-a-half year stint in Toronto in which he averaged 17.7 points per game on .420/.374/.843 shooting while chipping in 1.6 SPG. He was acquired via trade from Portland in March 2021 for Norman Powell.

The Raptors have been active in free agency, re-signing Jakob Poeltl to a four-year deal but losing longtime veteran Fred VanVleet, who received a three-year, maximum-salary contract from the Rockets. Toronto quickly pivoted to replace VanVleet by signing Dennis Schröder.

Oshae Brissett Signs Two-Year Deal With Celtics

June 30th, 2023 at 9:08pm CST by Rory Maher

JULY 6: The Celtics have officially signed Brissett, the team announced in a press release.

JUNE 30: Oshae Brissett is signing a two-year deal with the Celtics, agent Mike George tells Adrian Wojnarowski of ESPN (Twitter link). The second year is a player option, Woj adds.

Based on Boston’s financial situation, Brissett will be inking a minimum-salary contract, as Adam Himmelsbach of The Boston Globe confirms.

A 6’7″ combo forward, Brissett went undrafted in 2019 after two college seasons at Syracuse. He originally signed an Exhibit 10 deal with his hometown Raptors, which was converted into a two-way deal for his rookie season.

Brissett was waived by Toronto in December 2020, later catching on with the Pacers in April 2021 on a couple of 10-day contracts. He played so well for Indiana to close ’20/21 (he averaged 10.9 PPG, 5.5 RPG, 1.0 BPG and 0.9 SPG on .483/.423/.769 shooting in 24 games) that he earned a multiyear contract for the veteran’s minimum.

His numbers declined in ’21/22, but were still solid enough for his contract. However, his role was further reduced in ’22/23, with Brissett averaging 6.1 PPG and 3.4 RPG while shooting 31% from three-point range in 65 games (16.7 MPG).

The Celtics likely won’t be expecting much from Brissett beyond providing depth, but he’s still young and clearly they liked him enough to give him a two-year contract. He’ll be looking for a bounce-back season with Boston in order to increase his value going forward.

Julian Champagnie Signs Four-Year Deal With Spurs

June 30th, 2023 at 8:16pm CST by Rory Maher

JULY 6: Champagnie’s deal with the Spurs is official, the team announced in a press release.

JUNE 30: Spurs forward Julian Champagnie is re-signing with San Antonio, but instead of receiving another two-way contract, he’ll receive $12MM over four years on a standard deal, according to Adrian Wojnarowski of ESPN (Twitter links). The final year is a team option, Woj adds.

Champagnie went undrafted last year after three college seasons at St. John’s, catching on with the Sixers on a two-way deal. He only made three NBA appearances with Philadelphia, spending most of his rookie year in the G League with the team’s affiliate, the Delaware Blue Coats.

The 22-year-old averaged 21.9 PPG, 7.0 RPG, 1.2 BPG and 1.1 SPG on .465/.347/.839 shooting in 14 games (35.1 MPG) during the fall Showcase Cup, then put up 14.3 PPG, 5.7 RPG, 1.8 APG and 0.9 BPG on .419/.352/.875 shooting in 18 regular season games with the Blue Coats.

The 76ers released Champagnie in February and his two-way deal was claimed on waivers by the Spurs. He spent eight games with their affiliate in Austin, but impressed the NBA club in 15 games down the stretch of the 2022/23 season.

He averaged 11.0 PPG and 4.0 RPG on .461/.407/.824 shooting in 20.9 MPG over that span for San Antonio, which he parlayed into a multiyear standard contract.

Champagnie is the twin brother of Celtics forward Justin Champagnie.

Lakers Sign Cam Reddish To Two-Year Contract

June 30th, 2023 at 8:09pm CST by Alex Kirschenbaum

JULY 6: The Lakers have officially signed Reddish, the team confirmed in a press release.

JUNE 30: The Lakers are signing free agent forward Cam Reddish to a two-year contract, per Brad Turner of The Los Angeles Times and Shams Charania of The Athletic (Twitter links).

Klutch Sports CEO Rich Paul informs Dave McMenamin of ESPN that the second year of the agreement will be a player option. Michael Scotto of HoopsHype reveals (via Twitter) that the contract will be a minimum deal.

The athletic 6’8″ small forward is already pretty well-traveled as he embarks on just his fifth NBA season in 2023/24. The Hawks selected him with the tenth overall pick in the 2018 draft out of Duke. He has since suited up, briefly, for the Knicks and Trail Blazers.

Splitting his 2022/23 season between New York and Portland, he averaged 9.7 PPG, 2.2 RPG, 1.4 APG and 1.0 APG in 40 contests.

Los Angeles has enjoyed a very proactive first few hours of free agency. Beyond taking this flyer on Reddish, the Lakers have also already re-signed restricted free agent power forward Rui Hachimura and added point guard Gabe Vincent and combo forward Taurean Prince.

L.A. will now determine the fates of restricted free agent shooting guard Austin Reaves, plus unrestricted free agent guards D’Angelo Russell, Dennis Schroder, and Lonnie Walker IV, all of whom helped the club return to its first Western Conference Finals since 2020.

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