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Knicks’ Dolan Rips NBA’s Media Deal, Revenue Sharing Policies

July 16th, 2024 at 8:02am CST by Luke Adams

Knicks owner James Dolan sent a letter to the NBA’s Board of Governors blasting the league’s new $74.6 billion media rights deal and renewing his criticisms of the league’s revenue sharing policies, according to ESPN’s Adrian Wojnarowski.

The new media rights deal has expanded to include three national partners instead of two and is expected to significantly increase the number of nationally televised games, reducing the number of available games for regional sports networks and cutting into the revenue generated by those local broadcasts.

“The increased number of exclusive and non-exclusive games means that national partners would have the ability to air nearly half of the regular season and all postseason games,” Dolan wrote in his letter, per Wojnarowski. “This reduction in available games for RSNs risks rendering the entire RSN model unviable. The inclusion of streaming partners in the proposal (e.g., Amazon Prime Video, Peacock) allows fans in all NBA markets to bypass their RSN to watch certain games in their local market. The proposal offers no local protections for RSNs.”

As Wojnarowski details, the NBA has also reportedly proposed that the league office receive an 8% cut of the revenue from that media deal, as opposed to 0.5% under the previous agreement. That would work out to about $6 billion over 11 seasons, beginning in 2025/26. Dolan said there has been no “sufficient justification” for that exponential increase.

“(There is no) transparency into how (the NBA) arrived at the sum, how these fees will be allocated or to what extent the league will utilize this purported revenue growth to incur new and incremental costs and further expand the league’s ever growing expense level,” Dolan wrote.

Dolan has long had an adversarial relationship with the league office and commissioner Adam Silver. He stepped down from his positions on the NBA’s influential advisory/finance and media committees last year, with reporting at the time indicating that the Knicks owner had been “increasingly critical” of Silver and the NBA on a number of issues.

The Knicks questioned Silver’s impartiality when they filed suit against the Raptors last year, arguing that the court system ought to rule on a dispute between the two teams due to Silver’s allegedly tight relationship with Raptors governor Larry Tanenbaum.

Dolan, who has also been a critic of the NBA’s revenue sharing system over the years, argued in his letter to the Board of Governors that the new TV deal will hurt local team sponsors and partners, since the visibility those sponsors receive in locally televised games won’t be afforded to them in national broadcasts. He added that “pride of ownership” is being sacrificed and that the league is becoming a “one size fits all, characterless organization” by taking away agency from its individual teams.

“The NBA has made the move to an NFL model — de-emphasizing and de-powering the local market,” Dolan wrote. “Soon, your only revenue concern will be the sale of tickets and what color next year’s jersey will be. Don’t worry, because due to revenue pooling, you are guaranteed to be neither a success nor a failure. Of course, to get there, the league must take down the successful franchises and redistribute to the less successful. This new media deal goes a long way to accomplishing that goal.”

The NBA’s Board of Governors is reportedly set to meet on Tuesday in Las Vegas. Dolan, who has declined to attend those meetings since stepping down from the league’s committees last year, wrote in his letter that he believes the Knicks’ concerns are “shared by many of our counterparts across the league.”

Nets Notes: Hayes, Johnson, Marks

July 15th, 2024 at 10:50pm CST by Dana Gauruder

The Nets attended a Monday workout in Las Vegas for guard Killian Hayes, Erik Slater of Clutch Points tweets.

Hayes, a 2020 lottery pick, was waived by the Pistons after the trade deadline last season and has remained a free agent. He averaged 6.9 points and 4.9 assists in 42 games last season but shooting woes led to him losing his starting spot before he was cut loose. Hayes has shot 38.2% from the field in his career and 27.7% on 3-point tries.

We have more on the Nets:

Cameron Johnson is entering the second year of a four-year, $94.5MM contract. In the wake of the Mikal Bridges trade, Johnson is uncertain about the front office’s plans for him, stating to the New York Post’s Brian Lewis that he’s “still trying to figure it out.” If the Nets retain him, Johnson says he’s excited by the youthful roster. “I think we have a pretty good group in Brooklyn that we can really start to grow something,” he said. “We’ve got a lot of talent in the building. … If I’m staying in Brooklyn, then I’m all-in, excited to play, excited to grow this group, and that’s where my head’s at right now.”
Management plans to stay below the tax line until the Nets becomes competitive again. “Us not being in the tax this year was by design,” general manager Sean Marks said, per Lucas Kaplan of NetsDaily.com. “We don’t plan on being in there, and we’ll kept that future flexibility and make sure when it’s the right time, we’ve got an ownership group, like Joe (Tsai), who has shown the capacity to go in and pay tax when we’re competitors, when we’re really gonna contend for a championship. So that in our back pocket is vital, too.”
In case you missed it, the Nets made re-signing Nic Claxton a priority this offseason and believe he could become the league’s premier defender. Get the details here.

Pelicans Notes: Matkovic, Theis, Hawkins, Missi

July 15th, 2024 at 9:58pm CST by Dana Gauruder

Center Karlo Matkovic signed a three-year minimum contract with the Pelicans on Sunday and expressed his joy to the New Orleans Times-Picayune’s Christian Clark.

“It’s really a big thing for me,” Matkovic said. “Happy for it. Excited. Can’t wait to get back to New Orleans to work with the guys. Excited for the new season, pretty much. Happy.”

He may have been a little overexcited, as he committed seven turnovers in Summer League action against the Magic. On the positive side, Matkovic contributed 10 points, four rebounds and five assists.

We have more from the Pelicans:

In the same story, Clark speculates that veteran Daniel Theis could start at center on opening night. Theis was signed to a one-year deal last week. Yves Missi (the 21st pick in last month’s draft), Matkovic, and Jeremiah Robinson-Earl are New Orleans’ other options at center.
The Pelicans allowed their opponents to score 114.3 points per 100 possessions when Jordan Hawkins played last season, according to Clark, which limited Hawkins’ playing time. The 14th overall pick last year out of UConn, Hawkins admits he needs to improve defensively to receive an expanded role. “Definitely the defensive end,” Hawkins said. “I think that’s what held me back a little bit. Not being able to guard. So I think my big focus is going to be on guarding. Trying to guard wings. Trying to get bigger. Shooting. Being a 40% three-point shooter for our team. We have guys who can penetrate, get to the hoop. I just have to be able to knock shots down.”
Executive VP of basketball operations David Griffin gushed about Missi’s potential during the broadcast of the club’s Summer League opener (hat tip to Dylan Sanders of Pelicans Scoop). “Athletically, he’s going to be in the top one half of one percent at his position, but also as a human being he’s exactly who we want to be,” Griffin said. “You can see he can defend in space. Everything that makes him raw is something we can address, but everything that he brings is innately something really special.”

PJ Dozier Signs With Timberwolves

July 15th, 2024 at 9:35pm CST by Tristan Tucker

JULY 15: The signing is official, according to a team press release. The minimum-salary contract is worth $2.6MM and is partially guaranteed, Jon Krawczynski of The Athletic tweets.

JULY 3: The Timberwolves have reached an agreement with free agent guard PJ Dozier, The Athletic’s Jon Krawczynski reports (Twitter link). The contract will be for one year, per Krawczysnki, and figures to be worth the minimum, given Minnesota’s cap limitations.

Dozier is a six-year NBA veteran who holds career averages of 5.7 points, 2.7 rebounds and 1.6 assists per game. He has spent the majority of his career in Denver, playing 97 of his 121 career games for the team and overlapping with former Nuggets president of basketball operations Tim Connelly, who now runs the Wolves’ front office.

Dozier played well as a reserve for the Nuggets in 2020/21, averaging 7.7 PPG in 21.8 MPG across 50 games. However, he suffered a torn ACL the following season and was subsequently traded and waived. He last played for Sacramento in ’22/23, but only appeared in 16 games before heading to play with Partizan Belgrade, where he averaged 9.2 PPG last season.

Dozier was actually with the Wolves for training camp in 2022, but ultimately didn’t make the team. Before signing his 10-day contracts with Sacramento in ’22/23, he spent the majority of the year playing for the Iowa Wolves, Minnesota’s G League affiliate.

After tearing his ACL, Dozier’s camp kept in touch with Connelly, who remains high on the 27-year-old guard, Krawczynski reports (Twitter link).

According to The Star Tribune’s Chris Hine, Dozier’s deal is for a 15-man roster spot (Twitter link). After reportedly coming to an agreement with sharpshooter Joe Ingles earlier Wednesday, the Timberwolves are up to 14 standard contracts.

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.