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Seth Curry Returns To Hornets On One-Year Deal

July 15th, 2024 at 9:11pm CST by Dana Gauruder

Seth Curry is returning to the Hornets on a one-year deal, Adrian Wojnarowski of ESPN tweets. The signing is official, according to a Hornets press release.

Curry, who turns 34 next month, was waived by Charlotte last month before his $4MM salary for next season became guaranteed. It was noted at that time both sides were interested in exploring another contract. He’ll provide depth at the shooting guard spot.

The younger brother of Stephen Curry, Seth actually has a better career three-point percentage (43.1%) than his superstar sibling (42.6%). However, the 33-year-old – who obviously isn’t Steph’s equal as a play-maker or all-around scorer – is coming off a down year in 2023/24. He appeared in a total of 44 games for the Mavericks and Hornets, averaging just 5.1 points per game on .392/.352/.903 shooting.

The younger Curry, who was sent from Dallas to Charlotte in February as part of the trade package for P.J. Washington, was able to suit up for just eight games down the stretch for his hometown Hornets, as his season ended early due to a sprained ankle.

While the terms of Curry’s new contract weren’t reported, a minimum-salary agreement seems likely.

Heat GM Discusses Free Agency, Bryant, Roster, Burks, Butler

July 15th, 2024 at 8:29pm CST by Dana Gauruder

The Heat have been relatively quiet this offseason, other than re-signing some of their own free agents. That’s by necessity, rather than by design, general manager Andy Elisburg told the Miami Herald’s Anthony Chiang and other media members.

The Heat’s in-season trade with the Hornets for Terry Rozier, in which they dealt Kyle Lowry‘s $29.7MM expiring contract and a future first-rounder, essentially eliminated any salary cap flexibility. That transaction put them above the first apron this summer, limiting them to the $5.2MM taxpayer mid-level exception and minimum contracts to offer outside free agents.

“The focus was going to be a little bit more on the draft opportunities and then maybe some other smaller opportunities,” Elisburg said. “Either A, retaining our own free agents, or B, the minimums or some small exception transactions. So that’s how I think we went into the summer with we’re more focused on these types of transactions, maybe not as much on these others, because we’re less likely to be able to do those kinds of transactions.”

Miami wound up re-signing Haywood Highsmith and Kevin Love via Bird and Early Bird rights, respectively, and getting Thomas Bryant back on a minimum deal. The only outside free agent signed was guard Alec Burks, who took the veteran’s minimum.

Here’s more from Elisburg’s media session:

Bryant only appeared in 38 games last season but the Heat wanted depth in the middle despite drafting another big man Kel’el Ware. “Thomas filled that space of having another center onto the roster,” Elisburg said. “You’re having to balance your various needs of the roster.”
The Heat have a 14-man roster and don’t plan on adding a 15th man, at least not until January when a prorated signing would still keep them below the second tax apron. Miami does not want to exceed that apron. “I think we don’t want to have our hands tied,” Elisburg said. “I think we want to still be flexible, so if there’s an opportunity to make an improvement to the team, so you have a little bit more flexibility to do that. I think there are some teams who are over the second apron who feel that their team is in a place to be able to do that.”
Coach Erik Spoelstra and team president Pat Riley have expressed a fondness for Burks over the years and were glad to get him at a reduced price. “It was always in my group of players in that list that came through,” Elisburg said. “So it’s been for a number of years having that conversion. So when the opportunity came this year that he was willing to come to us and willing to come to us at a minimum, we could finally get Alec Burks here.”
In a separate interview with Sirius XM, Elisburg addressed Jimmy Butler‘s contract situation. Butler is eligible to sign a maximum two-year contract extension worth about $113MM but Butler intends to play this upcoming season without signing an extension in hopes of getting a max contract next summer. He would decline his $52.4MM option for the 2025/26 season and become a free agent to make that happen. “As Pat said at his press conference, it doesn’t have to be something you do now,” Elisburg said. “You have an opportunity to do this all year long, so there’s an opportunity to do it at some point in time. And there’s an opportunity if he becomes a free agent next year to sit down and do a contract at that point in time. So there’s always an opportunity to do it.” Riley expressed concerns with Butler’s injury issues during his postseason press conference.

KJ Martin Re-Signs With Sixers

July 15th, 2024 at 6:41pm CST by Tristan Tucker

JULY 15: The Sixers have officially re-signed Martin, according to a team press release.

“KJ Martin is a talented young player who brings athleticism and versatility to our front court,” team executive Daryl Morey said. “He’s a fearless competitor who is just scratching the surface of his potential. We’re eager to see his continued growth here in Philadelphia.”

The second year of Martin’s deal is non-guaranteed, Michael Scotto of HoopsHype tweets.

JULY 13: Forward KJ Martin is signing a two-year deal to return to the Sixers, according to ESPN’s Adrian Wojnarowski (Twitter link). Martin is set to earn a maximum of $16MM over the two years of the deal.

While Martin’s production with the Sixers last season was modest — 3.7 points per game in 58 appearances with Philadelphia — re-signing on such a contract allows the Sixers to maintain trade flexibility.

Philadelphia originally acquired Martin as part of the trade that sent James Harden to the Clippers early in the 2023/24 season. Martin didn’t play much for either the Sixers or the Clippers, but he was impressive early in his career with the Rockets. The No. 52 pick in 2020 by the Rockets, Martin averaged 10.5 points and 4.8 rebounds across 206 games in the first three seasons over his career.

Still just 23, Martin can serve as a deep reserve option at the forward position for the Sixers or be used as a trade piece when he becomes eligible to be dealt in January.

As cap expert Yossi Gozlan observes (Twitter link), the Sixers will be over the first apron after they fill out their roster and will not be able to take in more salary than they send out. However, Philadelphia could package Martin’s deal with others to acquire another player making less at the deadline. Alternatively, he could be traded into a team’s cap space and allow the Sixers to duck the luxury tax.

We wrote that such a move was a likely outcome after the Sixers renounced nearly all of their free agent cap holds except for Martin’s earlier this week.

In 266 career appearances with the Rockets, Clippers and Sixers, Martin holds career averages of 8.9 points and 4.2 rebounds.

Knicks Sign Cameron Payne To One-Year Contract

July 15th, 2024 at 6:20pm CST by Dana Gauruder

8:06pm: The Knicks have officially signed Payne, the team’s PR department tweets.

6:20pm: The Knicks are signing reserve point guard Cameron Payne to a one-year contract, Chris Haynes of Bleacher Report and TNT tweets.

The Knicks are using the veteran’s minimum exception to sign Payne, Ian Begley of SNY TV tweets. The deal will be worth approximately just over $3MM.

Payne will immediately jump into the mix for backup minutes behind star floor leader Jalen Brunson.

Payne, 29, will be joining his seventh team since entering the league in 2015. He split his time between the Bucks and Sixers last season.

Milwaukee traded Payne and a 2027 second-round pick to Philadelphia for Patrick Beverley at the trade deadline. With Milwaukee, Payne appeared in 47 games and averaged 6.2 points and 2.3 assists in 14.9 minutes. With the Sixers, Payne saw action in 31 regular-season contests, averaging 9.3 points and 3.1 assists in 19.4 minutes. He also appeared in a handful of Philadelphia’s playoff games.

The addition of Payne makes it less likely that second-round pick Tyler Kolek will play a rotation role in his rookie year. Miles McBride is another candidate for regular minutes among the backcourt reserves.

The Knicks had also expressed interest in free agent point man Tyus Jones, according to Begley, who says that Payne’s playoff experience added to his appeal. The addition of Payne gives the Knicks 13 players on the roster, Begley notes (Twitter link), so at least one more move is coming.

Payne was arrested in Arizona this offseason after he made a false report and would not identify himself.

Atlantic Notes: Sixers, Council, Hauser, Shead

July 15th, 2024 at 5:30pm CST by Dana Gauruder

The Sixers have enjoyed a banner offseason with their ample cap space, signing top priority Paul George, as well as Caleb Martin, Andre Drummond and Eric Gordon. They also gave Tyrese Maxey a max rookie scale extension and re-signed Kelly Oubre and Kyle Lowry. Nick Nurse can’t wait to put all the pieces together.

“We certainly had a great summer,” the Sixers’ head coach said, per Keith Pompey of the Philadelphia Inquirer. “There’s just no other way of looking at it in that there’s a lot of guys that we targeted that were at the very top of our list, and a lot of categories that we needed to fill, and we got a lot of them.”

Nurse is especially excited by the prospect of George complementing the skills of the other Sixers stars, Maxey and Joel Embiid. “We had the one, five [positions] solidified. We needed something in the middle. That’s PG,” he said. “We are going to have to wait and see. I’m sure it’s going to take some time, you know, for total connection and chemistry, but obviously they all can score at all levels. So it should be a great fit.”

We have more from the Atlantic Division:

Ricky Council has emerged as a go-to scorer during Summer League action and could jump into the Sixers’ rotation next season, Pompey writes in a separate story. Council was signed to a four-year contract in April. “If you can play basketball, someone will find you at some time,” assistant coach Mike Brase said. “It might be when you are young in the process and being recruited or when you get older. And in Ricky’s case, he went to Wichita State and Arkansas and [goes] undrafted [last summer] and makes the most of it.”
The Celtics exercised their $2.1MM club option on Sam Hauser‘s contract but Hauser could be a cap casualty next offseason, Brian Robb of MassLive.com speculates. Hauser’s next contract will be significantly larger, so the Celtics’ efforts to re-sign him next summer could hinge on whether they move a big salary.
Second-round pick Jamal Shead exemplifies the Raptors‘ commitment to getting better defensively, Eric Koreen of The Athletic writes. Shead has displayed his defensive tenacity during Summer League play. “As you can see in the draft class as well, we’re trying to find as many possible two-way guys that can be — we call them the most important guy,” coach Darko Rajakovic said. “(The) most important guy is the guy who’s got who’s guarding the ball. He makes it easier for everybody else.”

Hawks Sign Keaton Wallace To Two-Way Deal

July 15th, 2024 at 4:02pm CST by Rory Maher

JULY 15: The signing is official, according to a team press release.

JULY 13: The Hawks are signing free agent guard Keaton Wallace to a two-way contract, agents Max Lipsett and Marcus Monk tell Adrian Wojnarowski of ESPN (Twitter link).

Wallace, 25, spent four years at the University of Texas at San Antonio prior to going undrafted in 2021. He has spent the past three seasons playing in the NBA G League for the Clippers’ and Hawks’ affiliate teams, briefly spending time on a two-way contract with the Clips in 2022/23.

Wallace has yet to make his NBA regular season debut. He is currently playing for Atlanta’s Summer League squad in Las Vegas. In the team’s first game on Friday, a six-point loss to the Wizards, Wallace put up 10 points (on 4-of-8 shooting), four rebounds, six assists (one turnover), two steals and one block in 23 minutes.

In 16 Showcase Cup games with the College Park Skyhawks last season, the 6’4″ Wallace averaged 12.9 PPG, 4.3 RPG, 6.1 APG and 1.6 SPG on .438/.370/.789 shooting (30.0 MPG). He had an assist-to-turnover ratio of nearly 3-to-1, a solid mark for a guard.

If he stays on a two-way deal for the entire ’24/25 season, Wallace will earn a little under $579K. He will be eligible for restricted free agency in 2025, assuming his contract is for one year and he isn’t released before then.

As our two-way contract tracker shows, the Hawks had a pair of two-way openings before Wallace’s addition was reported, so they will soon have just one vacancy. Atlanta has a roster crunch for players on standard contracts, with 15 players on guaranteed deals plus the non-guaranteed salary of Bruno Fernando.

Knicks’ Mikal Bridges Expected To Sign Team-Friendly Extension

July 15th, 2024 at 3:51pm CST by Rory Maher

After being acquired in a blockbuster trade with the Nets, new Knicks wing Mikal Bridges is expected to “follow (Jalen) Brunson‘s lead” and sign a relatively team-friendly contract extension with New York when he becomes eligible to, according to veteran NBA reporter Marc Stein (Substack link).

As Stein writes, Bridges will be eligible for a less appealing ($72.5MM) two-year extension as of October 1. He will also be eligible for more lucrative three- and four-year extensions during the 2025 offseason. Either way, an extension isn’t imminent, since it isn’t even currently permitted.

Still, it’s a noteworthy development considering what the Knicks gave up to acquire Bridges — five first-round picks (four unprotected), one swap, Brooklyn’s own 2025 second-rounder, and veterans Bojan Bogdanovic, Shake Milton (sign-and-trade), and Mamadi Diakite.

The 10th pick of the 2018 draft, Bridges signed a four-year, $90MM rookie scale extension in October 2021, which kicked in starting in 2022/23. He will earn $23.3MM in ’24/25, followed by $24.9MM in ’25/26. A potential extension wouldn’t begin until ’26/27.

Bridges, 27, was the runner-up for the 2021/22 Defensive Player of the Year award, also earning a spot on the All-Defensive First Team that season. He starred in college at Villanova, playing alongside Brunson, Donte DiVincenzo and Josh Hart. That surely factors in with Brunson’s deal as well.

Bridges has yet to miss a game in his six-year NBA career. In 82 appearances last season (34.8 MPG), the 6’6″ guard/forward averaged 19.6 PPG, 4.5 RPG, 3.6 APG and 1.0 SPG on .436/.372/.814 shooting.

Hawks Second-Rounder Djurisic Sustains Left Foot Fracture

July 15th, 2024 at 2:15pm CST by Rory Maher

Serbian guard Nikola Djurisic sustained a left foot fracture in the first quarter of Sunday’s Summer League game vs. San Antonio, the Hawks announced in a press release (Twitter link). It’s unclear how much time he will miss, but certainly his Summer League is over.

The 43rd overall pick of June’s draft, Djurisic’s rights were acquired by Atlanta as part of a three-team deal that sent former first-rounder AJ Griffin to Houston. A 6’7″ guard, Djurisic record seven points, two rebounds and two assists in 26 minutes in his Hawks debut on Saturday, a six-point loss to Washington.

While those numbers don’t jump off the page, he did have the highlight of the game — a poster dunk over two big men, including second overall pick Alex Sarr. Djurisic also displayed an ability to create for himself and others off the dribble, going to the line seven times, though he made just three of those attempts.

Djurisic has played professionally for Mega Basket over the past four seasons and that was true again in 2023/24. He appeared in 26 games (30.7 MPG) for the Serbian club, averaging 14.4 points, 2.7 rebounds, 3.4 assists and 1.0 steal on .454/.330/.739 shooting.

Djurisic’s injury is unfortunate on multiple fronts. On a personal level, he is one of 10 second-round picks in 2024 who have yet to sign an NBA contract. Atlanta has 15 players on guaranteed standard contracts, plus the non-guaranteed salary of Bruno Fernando, making a standard deal for Djurisic seemingly unlikely (barring trades). The Hawks do have a two-way vacancy, however, assuming that would appeal to both sides.

It’s also unfortunate for Atlanta, which already lost second-year guard Kobe Bufkin for the rest of Summer League due to a shoulder injury. Now, the Hawks will have to figure out what to do with Djurisic’s contract situation while he recovers from the injury.

Jazz’s Sensabaugh, Spurs’ Castle Out For Rest Of Summer League

July 15th, 2024 at 1:07pm CST by Rory Maher

An MRI has revealed that second-year forward Brice Sensabaugh sustained an extensor tendon tear in his left middle finger during the second quarter of Saturday’s game vs. Dallas, the Jazz announced in a press release (via Twitter).

Sensabaugh’s finger will be splinted and reexamined in about six weeks, which means he’ll miss the remainder of Las Vegas Summer League. Based on that timeline, he’d be reexamined around late August, before training camp begins in the fall.

The 28th pick of the 2023 draft out of Ohio State, Sensabaugh made just four NBA regular season appearances in Utah’s first 53 games leading up to the February trade deadline. After the Jazz traded away veterans for the second consecutive year and tanked down the stretch, the 20-year-old averaged 8.4 points, 3.4 rebounds and 1.9 assists on .392/.292/.902 shooting while appearing in 28 of the team’s final 29 games (20.5 MPG).

Sensabaugh, who is known for his shooting and scoring but isn’t a great defender, also appeared in 29 games for Utah’s G League affiliate, the Salt Lake City Stars, as a rookie in 2023/24. He averaged 19.1 points, 5.4 rebounds, 3.2 assists and 1.2 steals on .467/.365/.758 shooting in 29.5 MPG.

Spurs guard Stephon Castle, the fourth pick of last month’s draft out of UConn, will also miss the remainder of Summer League, writes Tom Orsborn of The San Antonio Express-News (subscription required).

Castle suffered a right wrist sprain in Saturday’s win over Portland — his Spurs debut — in which he recorded 22 points, five rebounds and four assists. The injury is considered minor, but the team didn’t want to risk aggravating it.

“I feel like they have my best interests in mind,” Castle said, per Orsborn. “I feel like it’s smart to take the caution route.”

How Teams Are Using 2024/25 Bi-Annual Exceptions

July 15th, 2024 at 11:58am CST by Luke Adams

The bi-annual exception is one of the tools available to NBA teams who are over the cap, giving those clubs the flexibility to offer free agents more than the minimum salary. In 2024/25, the bi-annual exception is worth $4,668,000 and can be used to offer a deal worth up to $9,569,400 over two years.

However, the bi-annual exception isn’t available to every team. Clubs that go below the cap in order to use cap room lose access to the exception. Additionally, using the BAE imposes a hard cap of $178,132,000 (the first tax apron) on a team. So if a club has surpassed the first apron – or wants to retain the flexibility to do so – it can’t use the bi-annual exception.

Finally, as its name suggests, the bi-annual exception can’t be used by a team in consecutive years. In 2023/24, three teams used the BAE — the Lakers (Taurean Prince), Cavaliers (Ty Jerome), and Raptors (Jalen McDaniels). As such, the exception isn’t available to those clubs during the 2024/25 league year. They’ll be able to use it again next summer.

With all those factors in mind, here’s a breakdown of how teams are using – or not using – their respective bi-annual exceptions in 2024/25:

Available Bi-Annual Exceptions:

Unused:

Atlanta Hawks
Brooklyn Nets
Chicago Bulls
Dallas Mavericks
Golden State Warriors
Indiana Pacers
Memphis Grizzlies
New Orleans Pelicans
Portland Trail Blazers
Sacramento Kings
Washington Wizards

Although all of these teams technically have the ability to use their bi-annual exceptions at some point in 2024/25, it’s more plausible for some than others.

For instance, the Warriors currently have less than $1MM in breathing room below the first apron, so using even a small portion of their bi-annual exception won’t be an option until much later in the season unless they make a cost-cutting move.

Conversely, the Grizzlies have more than enough wiggle room below the first apron to use their full bi-annual exception, but they also still have their full $12.8MM mid-level exception available — if they need to offer more than the veteran’s minimum to sign a player, it will likely come out of their MLE, preserving their BAE for next season.

Used:

Houston Rockets
- Used: $4,668,000 (Aaron Holiday)
- Available: $0
Los Angeles Clippers
- Used: $4,668,000 (Nicolas Batum)
- Available: $0

Typically, about two to four teams in a given league year use the bi-annual exception, and this season has yet to buck that trend.

The Rockets and Clippers are the only two teams to use any portion of their bi-annual exceptions to date, so they won’t have it available in 2025/26.

Unavailable Bi-Annual Exceptions:

Went under cap:

Charlotte Hornets
Detroit Pistons
Oklahoma City Thunder
Orlando Magic
Philadelphia 76ers
San Antonio Spurs
Utah Jazz

These seven teams forfeited their right to the bi-annual exception when they went under the cap and used space this offseason.

Over first apron:

Boston Celtics
Denver Nuggets
Miami Heat
Milwaukee Bucks
Minnesota Timberwolves
New York Knicks
Phoenix Suns

In theory, cost-cutting moves by these teams could put them in position to use their bi-annual exceptions. In actuality though, that’s a long shot, especially for clubs like the Celtics and Suns, whose team salaries are well beyond the second tax apron.

Used last year:

Cleveland Cavaliers
Los Angeles Lakers
Toronto Raptors

As noted in the intro, these are the two teams that used their bi-annual exceptions in 2023/24 and, as a result, won’t have them again until 2025/26.

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