Trade Rumors: Maxey, Lillard, Jazz, Heat

The Sixers‘ stance so far this offseason – as conveyed to multiple reporters – has been that Tyrese Maxey is off the table in trade talks, even for a superstar player. Discussing that subject on the latest Hoop Collective podcast, ESPN’s Brian Windhorst, Tim MacMahon, and Tim Bontemps expressed some skepticism about just how untouchable Maxey really is.

“They want you to know that you can’t have Tyrese Maxey,” Windhorst said. “Prime Michael Jordan is available? Don’t call. 25-year-old LeBron James is available? Lose our number. Giannis Antetokounmpo says, ‘I want to be a Sixer’? If Tyrese Maxey is the ask, just keep walking. … I don’t trust them at all on that, but I will say to you that is what is being said.”

While the Sixers are by no means looking to move Maxey, ESPN’s trio believes the front office’s stance on the young guard would be more malleable than what’s been reported if the team has a legitimate chance to acquire a star, including perhaps Trail Blazers guard Damian Lillard.

As Windhorst and Bontemps observe, while Philadelphia’s plan not to sign Maxey to a rookie scale extension is ostensibly about maximizing cap room in 2024, he would also be easier to trade if he’s not extended, since he wouldn’t be subject to poison pill provision rules in 2023/24.

Here are a few more trade-related rumors and notes:

  • Although he’s not reporting that any trade discussions have taken place with the Trail Blazers or that the Jazz will make a run at Lillard, MacMahon said on The Hoop Collective podcast that he has heard Utah is “intrigued by the possibility” of acquiring the All-Star guard, confirming previous reports. MacMahon, Windhorst, and Bontemps ultimately believe the Jazz aren’t ready to make significant deal for a win-now player who’s about to turn 33, but they note that Lillard has a connection to Utah, having played his college ball at Weber State, and the Jazz’s collection of future first-round picks would dwarf what Miami could offer.
  • At the trade deadline, the Jazz‘s position was that Lauri Markkanen, Walker Kessler, and Ochai Agbaji were their only players who were off the table in trade talks, according to MacMahon, who believes that if Utah did pursue a star this offseason, Markkanen and Kessler would be the only untouchables.
  • Appearing on NBA TV (Twitter video link), Ira Winderman of The South Florida Sun Sentinel says the Heat are willing to discuss anyone except their two All-Stars as they negotiate a possible deal with Portland for Lillard, who wants to play in Miami. “Put it this way, they basically have loaded up one of those PODS dumpsters in front of the Trail Blazers and said, ‘Take anyone out of here you want besides Bam Adebayo and Jimmy Butler,'” Winderman said. “Maybe they’ll go back and forth on Caleb Martin a little, but it’s basically, sort of, ‘Come and pick and choose. Tell us what you want. Anything else is yours.’ The Heat are all-in on this. This is their moment. There’s a reason they didn’t go hard after Bradley Beal. There’s a reason they held off on some other moves. This is their play.”

2023 NBA Draft Pick Signings

Free agent and trade news has dominated NBA headlines over the last few days, but teams around the league are also taking care of the rookies they drafted on June 22, signing them to their first NBA contracts. Because cap holds for first-round picks count for 120% of the rookie scale instead of 100% in the current Collective Bargaining Agreement, there’s little incentive for teams to wait to lock up their first-rounders.

For first-round picks, rookie contracts are fairly rigid, having essentially been predetermined. The NBA’s rookie-scale structure dictates that first-rounders will be signed to four-year deals, which include two guaranteed years, then team options in years three and four.

The value of those contracts depends on where a player was drafted. This year, No. 1 overall pick Victor Wembanyama signed a four-year deal worth in excess of $55MM, which represents the maximum allowable 120% of his scale amount. No. 30 pick Kobe Brown, on the other hand, would be in line for a four-year contract worth about $12.4MM.

The full breakdown of this year’s first-round rookie salaries and contracts can be found right here — if you see a first-rounder listed below as “signed,” you can assume his contract looks like that, unless otherwise indicated.

Second-round picks, meanwhile, aren’t assured of two guaranteed seasons, though some players will receive them. The NBA’s latest Collective Bargaining Agreement introduced a new salary cap exception for second-rounders, which will allow teams to sign those players to contracts of up to four years with a starting salary worth up to the equivalent to the minimum for a two-year veteran. In the past, such a deal would have required cap room or another exception such as the mid-level.

Some second-rounders won’t sign standard NBA deals immediately. They may get two-way contracts, play in the G League, or head overseas to refine their games while their NBA teams retain their rights. We’ll make note of that below too, wherever it’s applicable.

Here’s a breakdown of 2023’s draft pick signings. This list will continue to be updated as more draftees sign their first NBA contracts:


First Round:

  1. San Antonio Spurs: Victor Wembanyama, C, Metropolitans 92: Signed
  2. Charlotte Hornets: Brandon Miller, F, Alabama: Signed
  3. Portland Trail Blazers: Scoot Henderson, G, G League Ignite: Signed
  4. Houston Rockets: Amen Thompson, G, Overtime Elite: Signed
  5. Detroit Pistons: Ausar Thompson, G, Overtime Elite: Signed
  6. Orlando Magic: Anthony Black, G, Arkansas: Signed
  7. Washington Wizards: Bilal Coulibaly, F, Metropolitans 92: Signed
  8. Indiana Pacers: Jarace Walker, F, Houston: Signed
  9. Utah Jazz: Taylor Hendricks, F, UCF: Signed
  10. Oklahoma City Thunder: Cason Wallace, G, Kentucky: Signed
  11. Orlando Magic: Jett Howard, G, Michigan: Signed
  12. Dallas Mavericks: Dereck Lively II, C, Duke: Signed
  13. Toronto Raptors: Gradey Dick, G, Kansas: Signed
  14. New Orleans Pelicans: Jordan Hawkins, G, UConn: Signed
  15. Atlanta Hawks: Kobe Bufkin, G, Michigan: Signed
  16. Utah Jazz: Keyonte George, G, Baylor: Signed
  17. Los Angeles Lakers: Jalen Hood-Schifino, G, Indiana: Signed
  18. Miami Heat: Jaime Jaquez Jr., F, UCLA: Signed
  19. Golden State Warriors: Brandin Podziemski, G, Santa Clara: Signed
  20. Houston Rockets: Cam Whitmore, F, Villanova: Signed
  21. Brooklyn Nets: Noah Clowney, F, Alabama: Signed
  22. Brooklyn Nets: Dariq Whitehead, G/F, Duke: Signed
  23. Portland Trail Blazers: Kris Murray, F, Iowa: Signed
  24. Dallas Mavericks: Olivier-Maxence Prosper, F, Marquette: Signed
  25. Detroit Pistons: Marcus Sasser, G, Houston: Signed
  26. Indiana Pacers: Ben Sheppard, F, Belmont: Signed
  27. Charlotte Hornets: Nick Smith Jr., G, Arkansas: Signed
  28. Utah Jazz: Brice Sensabaugh, F, Ohio State: Signed
  29. Denver Nuggets: Julian Strawther, F, Gonzaga: Signed
  30. Los Angeles Clippers: Kobe Brown, F, Missouri: Signed

Second Round:

  1. Charlotte Hornets: James Nnaji, C, Barcelona: Will play overseas
  2. Denver Nuggets: Jalen Pickett, G, Penn State: Signed

    • Four-year, $8,227,882 contract. First three years guaranteed. Fourth-year team option.
  3. Minnesota Timberwolves: Leonard Miller, F, G League Ignite: Signed

    • Four-year, $8,319,739 contract. First two years guaranteed. Third year partially guaranteed. Fourth-year team option.
  4. Sacramento Kings: Colby Jones, G, Xavier: Signed

    • Four-year, $8,768,279 contract. First two years guaranteed. Fourth-year team option. Includes likely incentives.
  5. Chicago Bulls: Julian Phillips, F, Tennessee: Signed

    • Four-year, $8,119,739 contract. First three years guaranteed. Fourth-year team option.
  6. Milwaukee Bucks: Andre Jackson Jr., G, UConn: Signed

    • Four-year, minimum-salary contract. First year guaranteed. Second year partially guaranteed. Fourth-year team option.
  7. Denver Nuggets: Hunter Tyson, F, Clemson: Signed

    • Four-year, minimum-salary contract. First three years guaranteed. Fourth-year team option.
  8. Boston Celtics: Jordan Walsh, F, Arkansas: Signed
    • Four-year, minimum-salary contract. First two years guaranteed. Third year partially guaranteed. Fourth-year team option.
  9. Atlanta Hawks: Mouhamed Gueye, F, Washington State: Signed

    • Four-year, minimum-salary contract. First two years guaranteed. Fourth-year team option.
  10. Los Angeles Lakers: Maxwell Lewis, F, Pepperdine: Signed

    • Four-year, minimum-salary contract. First two years guaranteed. Third year partially guaranteed. Fourth-year team option.
  11. Charlotte Hornets: Amari Bailey, G, UCLA: Signed
    • Two-way contract.
  12. Washington Wizards: Tristan Vukcevic, F, Partizan Belgrade: Signed
    • Two-year, $4,849,784 contract. First year guaranteed. Second-year team option.
  13. Portland Trail Blazers: Rayan Rupert, G, New Zealand Breakers: Signed
    • Three-year, minimum-salary contract. First two years guaranteed. Third-year team option.
  14. San Antonio Spurs: Sidy Cissoko, G, G League Ignite: Signed
    • Three-year, minimum-salary contract. First two years guaranteed. Third year non-guaranteed.
  15. Memphis Grizzlies: GG Jackson, F, South Carolina: Signed
    • Two-way contract.
  16. Atlanta Hawks: Seth Lundy, G, Penn State: Signed
    • Two-way contract.
  17. Indiana Pacers: Mojave King, G, G League Ignite: Will play in G League
  18. Los Angeles Clippers: Jordan Miller, F, Miami: Signed
    • Two-way contract.
  19. Cleveland Cavaliers: Emoni Bates, G/F, Eastern Michigan: Signed
    • Two-way contract.
  20. Oklahoma City Thunder: Keyontae Johnson, F, Kansas State: Signed
    • Two-way contract.
  21. Brooklyn Nets: Jalen Wilson, F, Kansas: Signed
    • Two-way contract.
  22. Phoenix Suns: Toumani Camara, F, Dayton: Signed
    • Four-year, minimum-salary contract. First year guaranteed. Fourth-year team option.
  23. Minnesota Timberwolves: Jaylen Clark, G, UCLA: Signed

    • Two-way contract.
  24. Sacramento Kings: Jalen Slawson, F, Furman: Signed
    • Two-way contract.
  25. Indiana Pacers: Isaiah Wong, G, Miami: Signed
    • Two-way contract.
  26. Memphis Grizzlies: Tarik Biberovic, G/F, Fenerbahce: Will play overseas
  27. Golden State Warriors: Trayce Jackson-Davis, F, Indiana: Signed

    • Four-year, minimum-salary contract. First two years guaranteed. Fourth-year team option.
  28. Milwaukee Bucks: Chris Livingston, F, Kentucky: Signed
    • Four-year, minimum-salary contract. First two years guaranteed. Fourth-year team option.

Note: The Bulls and Sixers forfeited second-round picks due to free agency gun-jumping. They would have been No. 57 and No. 58, respectively.

Free Agency Notes: Collison, Suns, Jerome, White, Cap Room, Joseph

Free agent guard Darren Collison didn’t play in the NBA at all last season and has appeared in just three games since 2019, but he hasn’t given up on earning a spot on an opening-night roster this fall. According to Chris Haynes of TNT and Bleacher Report (Twitter link), Collison worked out last week for the Suns and had a “great showing.”

The Suns, who entered free agency with eight players under contract, have reached deals with seven free agents, so they project to have a full 15-man roster. However, Haynes says the club continues to be “aggressive” in seeking role players.

One way Phoenix could open up a roster spot is by waiving or trading Isaiah Todd, whose inclusion in the Bradley Beal trade seemed to be more about Washington moving off his guaranteed 2023/24 salary than the Suns specifically targeting him. Still, any form of salary dump will be costly for a Suns team that projects to be well over the tax line and doesn’t have any future draft picks left to trade.

Here are a few more notes related to free agency:

  • The Warriors withdrew their qualifying offer to Ty Jerome, while the Nuggets did the same with Jack White, per RealGM’s transactions log. Reports on Saturday indicated that Jerome had reached a contract agreement with the Cavaliers and that White is poised to sign with the Thunder. With those qualifying offers no longer on the table, the two players are no longer restricted free agents, clearing the path for them to freely join their new teams as unrestricted FAs.
  • Once coveted for its power to attract a top free agent, maximum-salary cap room no longer has the cachet it once did, according to John Hollinger of The Athletic, who notes that the Rockets were the only team this summer to use a significant chunk of cap space to sign a marquee free agent (Fred VanVleet) to a huge, multiyear deal. Most other teams with room have used it for trades, renegotiations, or smaller (and/or shorter-term) signings. As Hollinger observes, the new contract extension rules in the 2017 CBA have resulted in fewer stars reaching the open market, with 2019 standing out as the last big summer of free agent movement.
  • Warriors guards Chris Paul and Stephen Curry are 38 and 35 years old, respectively, and have each dealt with injuries over the years. The addition of Cory Joseph, who agreed to a one-year deal with Golden State on Sunday, will help ensure that those veteran stars get the rest they need during the regular season, according to Dalton Johnson of NBC Sports Bay Area, who takes a closer look at what Joseph will bring to the team.

Atlantic Notes: Smart, Porzingis, Petrusev, VanVleet

Longtime Celtics guard Marcus Smart had a conversation with team president Brad Stevens in mid-June and was assured at that time that he’d remain with the team this summer, Smart tells Gary Washburn of The Boston Globe. A week later, he was gone, having been traded to the Grizzlies as part of a three-team package to send Kristaps Porzingis to Boston.

“It was a shock,” Smart said. “My agent called my fiancée and she woke me up out of a sleep, literally, right after the deal had been made and I think [the media] had already tweeted it out. That’s how we found out.”

The Celtics had originally intended to include another guard, Malcolm Brogdon, as part of a three-team deal with the Clippers that would have landed them Porzingis. However, those talks fell through, forcing Boston to pivot to the deal sending Smart to Memphis. Smart said he understands it’s a “business” and has no hard feelings toward the organization, even if he didn’t learn about his exit in the way he would’ve liked.

“Anybody who knows me knows that I’m the first one to tell people, you can’t put personal with business, it just doesn’t mix,” he said. “… But for me, it was just the [lack of] courtesy. They probably already knew they were thinking about trading me. They had this trade in their back pocket just in case something else didn’t happen.”

Smart enjoyed a solid run with the Celtics, even earning Defensive Player of the Year honors in 2022 en route to an NBA Finals appearance. His defense slipped somewhat in 2022/23, but he remain a valuable two-way leader on a club that wound up being just one win shy of a second consecutive Finals.

There’s more out of the Atlantic Division:

  • The two-year, $60MM extension Porzingis is finalizing with the Celtics could become as a massive monetary coup for Boston, argues Chris Forsberg of NBC Sports Boston. The reported deal, which will begin in 2024/25, is worth $17MM less than the maximum possible extension Porzingis could have signed off his current contract, and Forsberg believes a strong season would have put the big man in position to command even more money had he reached unrestricted free agency next summer. Porzingis enjoyed one of his healthiest seasons in years and was fairly effective with the Wizards on both sides of the hardwood in ’22/23.
  • Two years after being drafted with the No. 50 pick out of Gonzaga by the Sixers, big man Filip Petrusev is confident he can produce at the NBA level, writes Keith Pompey of The Philadelphia Inquirer. Following his selection in the draft, the 6’11” center suited up for teams in Turkey and Belgrade. Petrusev, who will play on Philadelphia’s summer league club this month, is hoping to ink a deal with the Sixers for the 2023/24 season.
  • Longtime Raptors point guard Fred VanVleet, who won a title with Toronto in 2019, is moving on to the Rockets on a lucrative new contract. He penned a heartfelt farewell missive to the team on his official Instagram. “I am forever indebted to the franchise that gave me a shot when no one else would,” VanVleet wrote. “We built things together that can never be broken and accomplished things that will stand forever… To the city, franchise and country that watched me grow… THANK YOU.”

Pacific Notes: Goodwin, Reaves, D-Lo, Vincent, Lakers, K. Martin

Two new but established Suns leaders, star guard Bradley Beal and head coach Frank Vogel, are looking forward to seeing the impact that another former Wizard, Jordan Goodwin, will have on the team, writes Dana Scott of The Arizona Republic.

The 6’3″ combo guard was part of the package Phoenix acquired in its blockbuster trade for Beal. Goodwin, still just 24, carved out a significant role off the bench in Washington in 2022/23. In 62 contests last season, he averaged 6.6 PPG, 3.3 RPG, 2.7 APG and 0.9 SPG.

“I think Jordan is going to surprise a lot of people,” Beal said. “A lot may not know who he is, but he is nasty tenacious defender who loves the game, who will compete at both ends of the floor.”

“He’s a very compelling talent,” Vogel said. “As we fill out the rest of our roster, we want to make sure we’re one of the most physical, toughest teams in the NBA. And Jordan at the guard position represents that, so I’m excited to watch him work.”

There’s more out of the Pacific Division:

  • The Lakers are looking to maximize the skill set of returning guard Austin Reaves, according to Jovan Buha of The Athletic, who hears that the team will explore the 6’5″ swingman’s play-making abilities by running the offense through him more often next season. After being moved into a full-time starting role for the Lakers during the season, the 25-year-old averaged 18.3 PPG on .571/.486/.898 shooting splits, 6.1 APG, and 3.3 RPG.
  • Although D’Angelo Russell is the early favorite to be the Lakers‘ starting point guard next season, Buha hears from sources that new addition Gabe Vincent could win the role if he outperforms Russell during L.A.’s training camp.
  • The Lakers are looking to add a center to fill its 14th roster spot, Buha adds. Sources tell Buha that Mohamed Bamba and Tristan Thompson are both candidates for the gig, but that the club could also wait out the market and see if more intriguing possibilities emerge.
  • Newly acquired Clippers small forward Kenyon Martin Jr. could help infuse an older L.A. roster with a healthy dose of athleticism, Law Murray of The Athletic writes. Martin, a Southern California native, brings an explosive vertical burst to the table, though he won’t score much outside of the post. His main contributions will be in and around that terrain on offense, while defensively he has some tools but still needs to develop.

NBA Minimum Salaries For 2023/24

An NBA team that has spent all its cap space and doesn’t have any of its mid-level or bi-annual exception available still always has the ability to sign a player to a minimum-salary contract, unless that club is right up against its hard cap.

Teams with cap room or with access to the non-taxpayer mid-level exception will have a little more flexibility to sign players to longer-term minimum-salary contracts. However, teams without cap room and without any other exceptions on hand can still use the minimum salary exception to add as many players as roster limits and the hard cap allow, for contracts of up to two years. Unlike other exceptions, such as the mid-level or the bi-annual, the minimum salary exception can be used multiple times.

[RELATED: Values of 2023/24 mid-level, bi-annual exceptions]

Undrafted free agents and second-round picks are often recipients of minimum-salary contracts, but there are plenty of veterans who end up settling for the minimum too. Because a player’s minimum salary is determined by how much NBA experience he has, many veterans will earn more than twice as much money as a rookie will in 2023/24 on a minimum-salary contract.

Listed below are 2023/24’s minimum salary figures, sorted by years of NBA experience. If a player spent any time on an NBA club’s active regular season roster in a given season, he earned one year of experience. So any player with zero years of experience has not yet made his NBA debut.

These figures represent a 10% increase on last season’s figures, since that’s the amount of the NBA’s salary cap increase for 2023/24.

Here’s the full breakdown:

Years of Experience Salary
0 $1,119,563
1 $1,801,769
2 $2,019,706
3 $2,092,354
4 $2,165,000
5 $2,346,614
6 $2,528,233
7 $2,709,849
8 $2,891,467
9 $2,905,861
10+ $3,196,448

Because the NBA doesn’t want teams to avoid signing veteran players in favor of cheaper, younger players, the league reimburses clubs who sign veterans with three or more years of experience to one-year, minimum-salary contracts. Those deals will only count against the cap – and against a team’s bank balance – for $2,019,706, the minimum salary for a player with two years of experience.

For instance, Patrick Beverley, who has 11 seasons of NBA experience, will reportedly sign a one-year, minimum-salary contract with the Sixers, who will only be charged $2,019,706 for Beverley’s contract. He’ll earn $3,196,448, but the NBA will make up the difference. This only applies to one-year contracts, not to multiyear deals.

If a player signs a minimum-salary contract after the regular season begins, he’ll earn a prorated portion of the amount listed above.

Those figures listed above also only apply to players who are signing new contracts in 2023/24. Players who are in the second, third, or fourth year of a minimum-salary deal will be earning a slightly different predetermined amount.

For example, Mavericks guard Jaden Hardy – who signed a minimum-salary contract last offseason and now has one year of NBA experience – will earn a $1,719,864 salary in the second year of his contract, shy of the $1,801,769 he would receive if he were signing a new minimum deal this fall. That’s because his second-year salary is based on a 5% raise over last season’s minimum salary for a player with one year of experience, whereas the cap rose by 10%.

Here’s what multiyear minimum-salary contracts signed in 2023/24 will look like:

Experience
2023/24 2024/25 2025/26 2026/27
0 $1,119,563 $1,891,857 $2,221,677 $2,406,205
1 $1,801,769 $2,120,693 $2,301,587 $2,489,752
2 $2,019,706 $2,196,970 $2,381,501 $2,698,607
3 $2,092,354 $2,273,252 $2,581,276 $2,907,465
4 $2,165,000 $2,463,946 $2,781,053 $3,116,326
5 $2,346,614 $2,654,644 $2,980,834 $3,325,190
6 $2,528,233  $2,845,342 $3,180,615 $3,341,740
7 $2,709,849 $3,036,040 $3,196,447 $3,675,917
8 $2,891,467 $3,051,153 $3,516,095 $3,675,917
9 $2,905,861 $3,356,271 $3,516,095 $3,675,917
10+ $3,196,448 $3,356,271 $3,516,095 $3,675,917

Technically, a minimum-salary contract could cover five years for a player with full Bird rights, but in actuality, that never happens.

While some second-round picks and undrafted free agents will sign three- or four-year minimum-salary contracts, a minimum deal exceeding two years is rare for a player with more than a year or two of NBA experience under his belt.


Information from RealGM was used in the creation of this post.

Kings Sign Jalen Slawson On Two-Way Deal

Former Furman small forward Jalen Slawson has signed a two-way contract with the Kings, per a team press release.

Sacramento selected the 6’7″ forward with the No. 54 pick in this year’s draft. The 23-year-old was voted the Southern Conference Player of the Year and Defensive Player of the Year for his efforts in the 2022/23 NCAA season.

He was also a two-time All-Southern Conference First Team selection during his collegiate tenure.

Across 36 contests last year, he averaged 15.6 PPG on .556/.394/.775 shooting splits, along with 7.1 RPG, 3.2 APG, 1.5 SPG and 1.5 BPG.

Considered a skilled creator with intriguing upside, his lack of athleticism and an occasional tendency for turnovers limited his draft stock somewhat.

Kings Sign Colby Jones To Four-Year Deal

The Kings have become the first team to use the NBA’s cap exception for second-round picks, having signed No. 34 overall pick Colby Jones, per NBA.com’s official transactions log.

According to Shams Charania of The Athletic (Twitter link), Sacramento agreed to give Jones a four-year contract worth $8.76MM. The first two years will be guaranteed, Charania adds.

The second-round pick exception is a new addition to the league’s Collective Bargaining Agreement. It allows teams to sign their second-rounders without requiring cap room or a cap exception like the mid-level. In past years, the Kings would have had to use a portion of their cap space (or the non-taxpayer mid-level, if they’d operated over the cap) in order to give Jones a four-year contract.

The second-round pick exception requires four-year deals to include a team option in the final year. It allows Jones to receive salaries worth more than the rookie minimum in the first two seasons of the deal, with minimum salaries in the last two.

The signing also won’t count against the Kings’ cap room until the end of July — this is to ensure a club can sign its second-rounders for Summer League play without having to worry about the impact on the team’s financial flexibility.

Jones is coming off a strong junior season at Xavier, where he averaged 15.0 PPG, 5.7 RPG, and 4.4 APG with a .509/.378/.653 shooting line in 36 games (34.0 MPG) in 2022/23.

Jones has already been part of two trades in his brief NBA career. The Hornets technically drafted the 6’6″ wing, but his rights were flipped to the Celtics and then to Sacramento. The Kings sent a future second-round pick to Boston in order to move up four spots from No. 38 to land Jones.

Taking into account their reported deals with Alex Len, Trey Lyles, and Sasha Vezenkov, as well as PJ Dozier‘s non-guaranteed contract, the Kings now have 14 players on standard contracts.

Warriors Sign Cory Joseph To One-Year Deal

JULY 6: Joseph is officially a Warriors, according to a press release from the club.


JULY 2: Free agent point guard Cory Joseph is headed to Golden State, having agreed to sign a one-year contract with the Warriors, agents Rich Paul and Brandon Cavanaugh tell Adrian Wojnarowski of ESPN (Twitter link).

Joseph has been one of the NBA’s steadiest backup point guards for years, making stops in San Antonio, Toronto, Indiana, Sacramento, and Detroit during the first 12 years of his career.

He was traded from the Kings to the Pistons at the 2021 deadline and has spent the last two-and-a-half seasons in Detroit, averaging 8.1 points, 3.8 assists, and 2.3 rebounds per game with a .450/.397/.854 shooting line in 146 appearances (22.8 MPG) during that time.

Golden State’s massive team salary means the team is limited to minimum-salary offers to outside free agents this summer, and Joseph will indeed be receiving a veteran’s minimum deal, Anthony Slater of The Athletic confirms (via Twitter).

Joseph, who is entering his age-32 season, was one of the oldest players on a rebuilding Pistons squad in 2022/23. He shouldn’t be leaned on as much for veteran leadership as part of a Warriors backcourt that also features Chris Paul (38), Stephen Curry (35), Klay Thompson (33), and Gary Payton II (30), but will provide head coach Steve Kerr with an experienced, reliable backup to the team’s stars.

As Slater tweets, the Warriors’ deal with Joseph will bring them to 12 players on standard contracts. They’re not expected to carry a full 15-man roster to open the season, Slater says, but will need to add at least two more players to fill out their squad. Veteran forward Dario Saric remains on their radar, Slater adds.

Kings Re-Sign Keon Ellis To Two-Way Contract

The Kings have re-signed shooting guard Keon Ellis to a two-way contract, according to NBA.com’s transaction log.

Sacramento had tendered Ellis a two-way qualifying offer in the days leading up to free agency, making him a restricted free agent, so he may have simply accepted that QO.

Ellis, who went undrafted out of Alabama in 2022, signed a two-way contract with the Kings last July and spent his entire rookie season within the organization. He was deployed sparingly at the NBA level in 2022/23, appearing in 16 games and playing just 71 total minutes.

Ellis played extensively for the Stockton Kings in the G League, however, averaging 16.8 points, 5.3 rebounds, and 3.4 assists per night in 23 regular season appearances (30.4 MPG) while registering an impressive shooting line of .517/.444/.784.

Sacramento still has two-way slots available for 2023/24 after bringing back Ellis. The team also tendered a qualifying offer to its other two-way player from ’22/23, Neemias Queta, but because Queta has been on a two-way deal with the Kings for two seasons instead of just one, his QO is equivalent to a standard (partially guaranteed) minimum-salary deal rather than another two-way contract.