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NBA Rejects TNT’s Proposal To Match Amazon’s Media Rights Offer

July 24th, 2024 at 5:49pm CST by Luke Adams

5:49pm: TNT has promised to take “appropriate action” in a statement regarding the media rights deal (Twitter link).

“We have matched the Amazon offer, as we have a contractual right to do, and do not believe the NBA can reject it,” the network states. “In doing so, they are rejecting the many fans who continue to show their unwavering support for our best-in-class coverage, delivered through the full combined reach of WBD’s video-first distribution platforms including TNT, home to our four-decade partnership with the league, and Max, our leading streaming service.

We think they have grossly misinterpreted our contractual rights with respect to the 2025/26 season and beyond, and we will take appropriate action. We look forward, however, to another great season of the NBA on TNT and Max including our iconic Inside the NBA.”

3:42pm: Just two days after TNT Sports announced it had submitted paperwork to the league office exercising its matching rights on Amazon’s new media rights deal with the NBA, the league has responded by rejecting TNT’s proposal.

“Warner Bros. Discovery’s most recent proposal did not match the terms of Amazon Prime Video’s offer and, therefore, we have entered into a long-term arrangement with Amazon,” the league’s statement reads.

“Throughout these negotiations, our primary objective has been to maximize the reach and accessibility of our games for our fans. Our new arrangement with Amazon supports this goal by complementing the broadcast, cable and streaming packages that are already part of our new Disney and NBCUniversal arrangements. All three partners have also committed substantial resources to promote the league and enhance the fan experience.

“We are grateful to Turner Sports for its award-winning coverage of the NBA and look forward to another season of the NBA on TNT.”

This process is playing out as expected so far. As a longtime NBA broadcast partner, Warner Bros. Discovery (TNT’s parent company) was given some form of matching rights in its previous agreement with the league. However, the belief was that the NBA wouldn’t recognize those rights when TNT matched Amazon’s offer, given the differences between the two companies’ distribution methods and the sort of reach they can offer.

TNT could simply accept the NBA’s decision and back down. However, the expectation is that the company will strongly consider a legal challenge in response to the NBA’s ruling. That could result in an in-court battle over Amazon’s package or perhaps a financial settlement for WBD.

In any case, it seems more certain than ever that the NBA will move forward without TNT Sports as a partner beginning in 2025/26, when its new media rights deals go into effect. That would mean the 2024/25 season will be the last one that features national games and the popular “Inside the NBA” studio show on the network.

The league issued a separate press release officially announcing its agreements with Disney, NBCUniversal, and Amazon Prime Video.

Reggie Jackson Gave Up $3.3MM In Hornets Buyout

July 24th, 2024 at 5:30pm CST by Luke Adams

Veteran point guard Reggie Jackson, who was officially waived by the Hornets on Tuesday, reached a buyout agreement with the team that created the path for his exit, league sources tell Michael Scotto of HoopsHype (Twitter link). According to Scotto, Jackson gave up $3.3MM as part of the buyout.

Hoops Rumors has confirmed that Jackson surrendered exactly $3,303,771, which is the amount the 34-year-old will earn with the Sixers once he clears waivers and signs a new minimum-salary contract with Philadelphia.

The move reduces the amount of dead money on the Hornets’ books from $5,250,000 to $1,946,229, creating a little extra financial flexibility for the club. Charlotte is over the cap but has plenty of breathing room (approximately $16MM) below the luxury tax line.

As for Jackson, he’ll ultimately earn the same $5.25MM salary that he would’ve if he’d remained on his previous contract. He’ll be paid $1,946,229 by the Hornets and $3,303,771 by the Sixers — plus, he’ll now have the opportunity to play for a team much closer to title contention. He was traded from Denver to Charlotte earlier in the offseason.

Jackson is the second veteran point guard to give up money in a buyout agreement in recent days, joining Russell Westbrook, who surrendered $1.7MM when he was waived by the Jazz. Raptors forward Sasha Vezenkov was also bought out this week, having given up his entire $6.66MM salary to get out of his NBA contract in order to return to Greece.

Darius Bazley, Kenneth Lofton Jr. Waived By Jazz

July 24th, 2024 at 4:31pm CST by Arthur Hill

The Jazz have waived Darius Bazley and Kenneth Lofton Jr., the team announced in a press release.

Both players had upcoming salary guarantee dates, so it’s possible they could re-sign with Utah on new deals later in the offseason. They would have been guaranteed $400K apiece if they had remained with the team through Thursday and $600K if they had been on the opening night roster. Bazley was set to make $2.5MM this season, while Loften was signed for $2.1MM on their non-guaranteed contracts.

Bazley, a 24-year-old power forward/center, signed with Utah on March 12 and appeared in six games, averaging 8.0 points and 4.5 rebounds in 23.7 minutes per night. After being waived by Brooklyn in October, he spent most of last season with Delaware in the G League, other than a three-game stint with Philadelphia on a 10-day contract.

Lofton, a 21-year-old power forward, signed with the Jazz on March 11 and saw action in four games, averaging 13.8 points, 5.0 rebounds and 4.8 assists in 22.8 minutes per night. He appeared in 15 games with Memphis at the start of last season before being waived in December and got into two games with Philadelphia on a two-way contract.

Both players were part of Utah’s Summer League roster.

NBA Announces Details Of Media Deals With Disney, NBC, Amazon

July 24th, 2024 at 4:21pm CST by Luke Adams

After announcing that it has rejected TNT’s proposal to match Amazon’s media rights offer, the NBA formally confirmed the renewal of its broadcast agreement with Disney (ESPN/ABC) and its new deals with NBCUniversal (NBC/Peacock) and Amazon (Prime Video).

The new media deals will cover 11 years, beginning with the 2025/26 season and running through ’35/36. While the league’s announcement doesn’t share any financial details, Andrew Marchand of The Athletic pegs the value of the agreements at about $77 billion in total, with Disney paying approximately $2.6 billion per year, NBC at $2.5 billion per year, and Amazon around $1.93 billion annually.

The NBA states that the new deals will significantly increase the number of games available on broadcast television, bumping that number to about 75 per season. All national games will also be available on streaming services (Prime Video, Peacock, or ESPN’s forthcoming service).

Here are some additional details from the league:

Disney:

Disney will broadcast 80 regular season games per year, including 20+ on ABC and up to 60 on ESPN. ABC’s games will air on Saturdays and Sundays, with ESPN’s airing on Wednesdays and some Fridays.
ABC and ESPN will broadcast about 18 games in the first two rounds of the playoffs each season.
In 10 of the 11 seasons in the agreement, ABC and ESPN will air one of the two conference finals.
ABC will continue to air the NBA Finals.
ABC/ESPN will continue to air the draft, the draft lottery, and half of the Summer League games.

NBCUniversal:

NBCUniversal will distribute as many as 100 regular season games per year. More than half of those games will be broadcast on NBC on Sunday and Tuesday nights. Peacock will stream Monday night doubleheaders throughout the regular season.
The All-Star Game and All-Star Saturday Night (including the dunk contest and three-point competition) will air on NBC.
NBC and/or Peacock will air about 28 games in the first two rounds of the playoffs each season.
In six of the 11 seasons in the agreement, NBC will broadcast one of the two conference finals. They’ll rotate with Amazon beginning in 2025/26.

Amazon:

Amazon will distribute 66 regular season games per year on Prime Video. Those will include Thursday doubleheaders (beginning in January), Friday doubleheaders, some Saturday games, and at least one game on Black Friday.
Prime Video will broadcast the quarterfinals, semifinals, and final of the NBA Cup (in-season tournament).
Prime Video will broadcast all six games in the play-in tournament.
Prime Video will air approximately a third of the games in the first two rounds of the playoffs each season.
In six of the 11 seasons in the agreement, Amazon will air one of the two conference finals. They’ll rotate with NBC beginning in 2025/26.
- Note: Because NBC and Amazon will each broadcast six conference finals, there will be one year in which they each get one and Disney doesn’t.
Prime Video will air half of the Summer League games.

A lawsuit from TNT Sports – a longtime NBA broadcast partner and the odd man out in this round of negotiations – is possible after the NBA rejected TNT’s right to match Amazon’s deal.

However, according to Marchand, neither side would want an extended legal battle in which private conversations could be made public during the discovery process. That means a lawsuit may lead to a settlement, either in the form of other NBA rights or financial compensation.

Thunder’s Nikola Topic Undergoes ACL Surgery

July 24th, 2024 at 3:11pm CST by Luke Adams

Thunder rookie Nikola Topic has undergone successful surgery to address his torn left ACL, the team announced today.

According to Thunder, the procedure was performed in Los Angeles by Dr. Neal ElAttrache, with team medical personnel in attendance. As expected, Topic is projected to miss the entire 2024/25 season, postponing his NBA debut until the fall of 2025.

Word initially broke in early June that Topic had suffered a partially torn ACL, so the Thunder weren’t caught off guard by the need for surgery when they drafted the Serbian point guard with the No. 12 overall pick a few weeks later. Head of basketball operations Sam Presti confirmed when speaking to reporters following the first round of the draft that Oklahoma City expected the lottery pick to be unavailable for all of ’24/25.

Topic will be the second Thunder lottery pick in the past three years to essentially get a redshirt season. Chet Holmgren, the No. 2 overall pick in the 2022 draft, suffered a foot injury later that summer that cost him all of ’22/23.

Topic is still expected to join the Thunder shortly and spend his rookie season around the team like Holmgren did two years ago. That experience benefited Holmgren, who finished second in Rookie of the Year voting this spring after averaging 16.5 points, 7.9 rebounds, and 2.3 blocks per contest while starting all 82 games for the Thunder.

Topic will earn a $4.9MM salary in 2024/25 while he recovers from ACL surgery. He has a guaranteed salary of $5.2MM in ’25/26, followed by team options of $5.4MM and $7.5MM in his third and fourth seasons.

Grizzlies Sign Jay Huff To Two-Way Deal, Waive Trey Jemison

July 24th, 2024 at 1:00pm CST by Luke Adams

The Grizzlies have signed free agent big man Jay Huff to a two-way contract, the team announced today in a press release (Twitter link). In order to open up a two-way slot for Huff, Memphis waived center Trey Jemison.

Huff, who went undrafted out of Virginia in 2021, has bounced back and forth between the NBA and G League over the past three years, appearing in 31 regular season NBA games during that time, including 20 while on a two-way contract with the Nuggets last season.

Huff’s contributions at the NBA level have been modest (2.4 points and 1.2 rebounds in 5.3 minutes per game), but he has excelled in the NBAGL, earning Defensive Player of the Year and All-NBAGL First Team honors in 2023. In 18 games last season for the Grand Rapids Gold – Denver’s affiliate – he averaged 19.1 points, 8.0 rebounds, and 3.6 blocks in 28.9 minutes per contest, with a strong shooting line of .573/.390/.857.

The 7’1″ center was also impressive at the Las Vegas Summer League with the Magic this month, putting up 16.8 PPG, 5.0 RPG, and 2.2 BPG on .621/.357/.778 shooting in five outings (26.5 MPG).

Jemison signed a 10-day contract with the Grizzlies in January, then agreed to a two-year, two-way deal when that contract expired. He earned regular minutes down the stretch on a Memphis roster hit hard by injuries, averaging 7.4 PPG, 5.8 RPG, and 1.2 BPG in 23 games (24.9 MPG). However, it appears he’s not in the team’s plans going forward, at least for now.

Huff joins Cam Spencer and Scotty Pippen Jr. as the Grizzlies’ two-way players.

Knicks, Tom Thibodeau Agree To Three-Year Extension

July 24th, 2024 at 12:32pm CST by Luke Adams

The Knicks and head coach Tom Thibodeau have reached an agreement on a three-year extension, reports Adrian Wojnarowski of ESPN.

Thibodeau had one year left on his current contract, so the new deal will begin 2025 and will run through the 2027/28 season.

An extension for Thibodeau had been expected for much of the offseason after he led a banged-up roster to its second consecutive Eastern Conference semifinal this spring.

The Knicks have finished at least 10 games above .500 in three of Thibodeau’s four years at the helm, compiling a 175-143 (.550) regular season record during that time, including a 50-32 mark in 2023/24, which was the team’s best single-season record in over a decade.

As Wojnarowski observes (via Twitter), New York was one of just four teams to finish in the NBA’s top 10 in both offensive and defensive efficiency in ’23/24. The NBA’s Coach of the Year in 2011 (with the Bulls) and 2021 (with the Knicks), Thibodeau finished fifth in voting for the award this season.

Thibodeau’s extension is the latest major move in what has been an eventful offseason for the Knicks’ front office. The team kicked off the summer by making a deal with the cross-town Nets to land Mikal Bridges, then locked up top free agent OG Anunoby to a five-year contract and signed All-NBA guard Jalen Brunson to a below-market, long-term extension.

The financial terms of Thibodeau’s extension aren’t yet known. There has been speculation that his new contract will exceed $10MM per year, given the eight-figure annual salaries that coaches like Monty Williams, Erik Spoelstra, Gregg Popovich, Steve Kerr, Mike Budenholzer, and Tyronn Lue have received since last spring.

Spurs Inquired On Young Point Guards Before Signing CP3

July 24th, 2024 at 11:06am CST by Luke Adams

Before they signed future Hall of Famer Chris Paul to a one-year contract, the Spurs made several calls to teams around the NBA to inquire about the availability of younger point guards who have yet to enter their prime years, according to Jake Fischer of Yahoo Sports.

Darius Garland of the Cavaliers and Andrew Nembhard of the Pacers were among the players the Spurs called about, Fischer reports. Cleveland has shown no interest in moving Garland and the Pacers presumably weren’t keen on trading Nembhard either — he has agreed to a three-year contract extension with Indiana that will make him ineligible to be dealt for six months.

Fischer also mentions Hawks star Trae Young and Josh Giddey – who was sent from the Thunder to the Bulls last month – as players who had San Antonio among their preferred destinations in the event of a trade. However, Young and Giddey now appear on track to open the 2024/25 season in Atlanta and Chicago, respectively, and Fischer doesn’t specify to what level the Spurs reciprocated either player’s interest.

While Paul will be Victor Wembanyama‘s primary pick-and-roll partner for the 2024/25 season, the Spurs figure to remain on the lookout for a player who can ideally fill that role for the next decade, Fischer writes.

No. 4 overall pick Stephon Castle is one candidate — he considers himself a point guard and San Antonio targeted the former UConn star for much of the pre-draft process, sources tell Yahoo Sports. However, as Fischer observes, Castle showed with the Huskies that he can thrive alongside another point guard, so even if they’re bullish on his NBA upside, the Spurs may not be prepared yet to pencil in the 19-year-old as the long-term answer at the position.

In addition to Paul and Castle, the Spurs also still have Tre Jones in the point guard mix. Jones is in the final year of his current contract and will reach unrestricted free agency next summer.

Hawks’ Djurisic Undergoes Foot Surgery; Update Expected In November

July 24th, 2024 at 9:52am CST by Luke Adams

Hawks second-round pick Nikola Djurisic underwent foot surgery on Monday in Charlotte to repair a fracture in his left fifth metatarsal bone, the team announced (via Twitter). Djurisic sustained the injury on July 14 in a Summer League game vs. San Antonio.

When agent Misko Raznatovic tweeted about the injury last Tuesday, he expressed optimism that his client would be back on the court in late September. However, the Hawks appear to be projecting a more conservative recovery timeline, indicating in today’s announcement that an update on the 6’7″ guard’s status will be provided in November.

The No. 43 overall pick in last month’s draft, Djurisic played in Serbia from 2020-24, primarily for Mega Basket. He appeared in 26 games (30.7 MPG) for the club in 2023/24, averaging 14.4 points, 2.7 rebounds, 3.4 assists and 1.0 steal per contest on .454/.330/.739 shooting.

The Hawks’ plans for Djurisic remain unclear. As we detailed earlier today, he has yet to sign an NBA contract and there doesn’t seem to be room for him on Atlanta’s standard 15-man roster, which currently features 15 players on guaranteed salaries and Bruno Fernando on a non-guaranteed deal.

Djurisic appears likely to either sign a two-way contract with the Hawks or spend the 2024/25 season as a draft-and-stash prospect. In the latter scenario, he could either continue his career overseas or play in the G League with the College Park Skyhawks.

Ten 2024 Draft Picks Have Yet To Sign NBA Contracts

July 24th, 2024 at 7:44am CST by Luke Adams

Of the 58 players who were selected in last month’s draft, 48 have signed their first NBA contracts since the start of July. As our tracker shows, the breakdown is as follows:

First-round picks signed using the rookie scale exception: 30
Second-round picks signed using the second-round pick exception: 13
Second-round picks signed to two-way contracts: 5

That leaves 10 players from the 2024 draft class who have yet to sign with their respective NBA teams. Here are those players:

Utah Jazz: Kyle Filipowski, F/C, Duke
San Antonio Spurs: Juan Nunez, G, Ratiopharm Ulm
Atlanta Hawks: Nikola Djurisic, G, Mega Basket
San Antonio Spurs: Harrison Ingram, F, UNC
Indiana Pacers: Tristen Newton, G, UConn
Indiana Pacers: Enrique Freeman, F, Akron
Dallas Mavericks: Melvin Ajinca, G, Saint-Quentin
Golden State Warriors: Quinten Post, C, Boston College
Boston Celtics: Anton Watson, F, Gonzaga
New York Knicks: Kevin McCullar, G/F, Kansas

Of these 10 players, one has already signed a non-NBA contract — French team ASVEL Basket announced earlier this week that it has added Ajinca to its roster, so it appears he’ll become a draft-and-stash prospect, spending at least one season overseas before joining the Mavericks.

That’s likely the path Nunez will follow as well. While nothing is official yet, a report earlier this month stated that the Spanish point guard is expected to sign with Barcelona on a deal that will give him an NBA out during the 2025 offseason. The Spurs haven’t been operating as if they expect Nunez to be on their roster next season, having filled their 15-man roster with players on standard contracts.

Djurisic is the other international prospect in this group and his plans for 2024/25 remain unclear. He fractured his left foot during Summer League play and the injury is expected to sideline him until at least late September, putting him behind schedule in his offseason workouts.

The Hawks don’t appear to have room on their 15-man roster for Djurisic at this point (they have 15 players on guaranteed deals, plus Bruno Fernando on a non-guaranteed contract), though they do have a two-way slot open. We’ll see if the plan is to have Djurisic take that spot or if he’ll continue playing overseas for another season.

The Jazz have space on their 15-man roster for Filipowski and I expect him to sign a three- or four-year contract sooner or later. Completing that move would cut into Utah’s cap room a little, so the club will likely handle its other offseason business to make sure it doesn’t need that room for other purposes — Filipowski can be signed using the second-round exception whether team salary is over or under the cap. The Jazz also have yet to formally finalize reported deals with Drew Eubanks and Johnny Juzang, which is another sign they’re keeping all options open with their cap room.

The other six unsigned second-rounders – Ingram, Newton, Freeman, Post, Watson, and McCullar – all look to me like obvious candidates for two-way contracts. As we detailed on Tuesday, the Spurs, Pacers, and Knicks each have multiple open two-way slots, while the Celtics have one open spot, so there’s nothing standing in the way of their draftees filling those openings.

It’s worth noting that Indiana has two-way qualifying offers on the table for two players (Quenton Jackson and Oscar Tshiebwe), so there won’t be room for those two guys and Newton and Freeman on two-way deals. With 14 players on standard contracts, the Pacers could give one of those four players a 15-man spot if they want to retain all of them.

The Warriors, meanwhile, don’t currently have an open two-way slot for Post. One of their two-way players – Pat Spencer – is a carry-over from last season, so his grip on a two-way spot might be weaker than more recent signees like Reece Beekman and Daeqwon Plowden, but Spencer had a strong Summer League showing, so I’m not necessarily assuming Post will take his spot.

For what it’s worth, Post was born and raised in the Netherlands before playing college basketball in the U.S., so spending a season in Europe wouldn’t be a total curveball for him. Still, at age 24, he’s probably NBA-ready. A standard contract isn’t an option for Post for now, since the Warriors are right up against their first-apron hard cap and can’t afford to sign a 15th man. That could change if they make a trade, but for now, his best hope of opening the season with Golden State would be for the team to waive one of its two-way players.

While it’s rare for U.S.-born players to be stashed overseas, it’s not unheard of, so that’s also a possibility for some of the other unsigned players from the back half of the second round.

Another potential option would be signing a G League contract that allows the player’s NBA team to retain his rights while not dedicating an 18-man regular season roster spot to him. There’s often at least one player per draft class who takes that route. Mojave King did it in 2023, Gui Santos did it in 2022, and two Nets draftees (RaiQuan Gray and Marcus Zegarowski) did it in 2021. McCullar, a late pick who is still recovering from a knee injury he sustained at Kansas, might be a candidate for this path.