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Contract/Cap Notes: Middleton, Lopez, C. Johnson, Watanabe, More

July 7th, 2023 at 7:24am CST by Luke Adams

The three-year contract Khris Middleton signed with the Bucks only has a base value of about $93MM, well below the reported figure of $102MM, reports ESPN’s Bobby Marks (via Twitter).

As Marks explains, the deal features approximately $9MM in total incentives — $2MM are currently considered likely to be earned, while the other $7MM are unlikely (meaning Middleton and/or the Bucks didn’t achieve the criteria last season). For now, the forward’s annual cap hits, which take into account his base salaries and likely incentives, will be $29.3MM, $31.7MM, and $34MM.

Meanwhile, Brook Lopez‘s two-year, $48MM contract with the Bucks has a declining structure, according to Marks. The veteran center will earn $25MM in 2023/24 and $23MM in ’24/25.

Here are a few more contract and cap details from around the NBA:

  • Marks also has the specifics (via Twitter) on Cameron Johnson‘s four-year contract with the Nets, which includes several incentives and declines in years two and three before rising again in year four. Johnson has base salaries of $24.5MM, $22.5MM, $20.5MM, and $22.5MM, with annual bonuses of $4.9MM, $4.5MM, $4.1MM, and $4.5MM. Currently, a total of $4.4MM of those incentives are considered likely, while the other $13.6MM are unlikely.
  • The Suns‘ deal with Yuta Watanabe is a two-year, minimum-salary agreement with a second-year player option, confirms Michael Scotto of HoopsHype (Twitter link). That was the common structure on the contracts Phoenix offered to free agents — Eric Gordon, Keita Bates-Diop, and Drew Eubanks received similar deals.
  • A pair of two-way contracts that have been signed early in the 2023/24 league year will cover two seasons instead of just one. Craig Porter‘s deal with the Cavaliers and Jaylen Martin‘s agreement with the Knicks are each for two years, per Keith Smith of Spotrac (Twitter links).
  • A handful of teams using cap room this season have renounced their free agent rights to one or more players in order to maximize their space. According to RealGM’s transaction log, the Pacers (George Hill), Kings (Terence Davis, Jeremy Lamb, Corey Brewer), Pistons (Hamidou Diallo, Rodney McGruder, and Buddy Boeheim), and Thunder (eight players, including Dario Saric, Jared Butler, and Nick Collison) all renounced players. In some cases, those cap holds had been on teams’ books for multiple seasons — they won’t be there going forward.
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Cameron Johnson Signs Four-Year Contract With Nets

July 6th, 2023 at 1:47pm CST by Luke Adams

JULY 6: The Nets have officially re-signed Johnson, the team confirmed today in a press release.

“Re-signing Cam was our top priority throughout this free agency period, and we are thrilled to have him remain in Brooklyn as a core member of the Nets for years to come,” Nets general manager Sean Marks said in a statement. “Since the moment he arrived last season, Cam immediately embraced a leadership role both on and off the court. His versatile skillset as a two-way wing has proven to be an ideal fit with our roster, and we look forward to the positive impact he will continue to bring to our team and the Brooklyn community.”

JUNE 30: Restricted free agent forward Cameron Johnson wasted no time in coming to a contract agreement with the Nets, according to Adrian Wojnarowski of ESPN (Twitter link). Johnson will sign a four-year, $108MM contract to remain in Brooklyn, agent Steven Heumann tells Wojnarowski.

Michael Scotto of HoopsHype clarifies (via Twitter) that Johnson will be able to earn up to $108MM with incentives, so it sounds like the base value of the deal will be a little lower than that.

The 11th overall pick in the 2019 draft, Johnson immediately emerged as a rotation player for the Suns as a rookie and has steadily improved since then, increasing his scoring average in each of his three subsequent seasons.

Johnson, who was dealt from Phoenix to Brooklyn in February’s Kevin Durant blockbuster, saw his 2022/23 season debut delayed by a knee injury, but played well after returning, averaging 15.5 points, 4.4 rebounds, and 1.9 assists in 28.5 minutes per night across 42 appearances for the Suns and Nets.

Johnson’s shooting is his calling card. His shooting line this past season was an impressive .470/.404/.842, and he has made 39.3% of 5.6 three-point attempts per game over the course of his career. And while he’s not an elite defender, he has the size and versatility to guard either forward spot.

The Pistons were rumored to be considering a play for Johnson in free agency, but they reached an agreement with the Nets earlier in the day on Friday to acquire Joe Harris in a trade. That move essentially took the Pistons out of the running for Johnson, since Harris gave them the shooter they sought while taking up a significant chunk of their cap room. The move also gave the Nets more flexibility below the luxury tax line to make a strong offer to Johnson.

With Mikal Bridges locked up for the next three seasons and Johnson secured for the next four, the Nets are poised to build around the two former Suns forward who came over in the Durant trade.

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Eastern Notes: Dinwiddie, Bol, Pistons, Harris, Heat, Maxey

June 30th, 2023 at 4:30pm CST by Dana Gauruder

Spencer Dinwiddie is eligible for an extension later this offseason and there’s support within the Nets organization to add years to his current contract, according to Ian Begley of SNY.TV.

Dinwiddie is entering his walk year with a cap hit of $20,357,143. After being reacquired from Dallas last season, Dinwiddie started 26 regular-season games and averaged 16.5 points and 9.1 assists in 35.3 minutes.

We have more from the Eastern Conference:

  • The Magic have pushed back their decision regarding Bol Bol‘s contract, Jamie Seh of WKMG-TV tweets. Bol has a non-guaranteed $2.2MM salary for next season and the original deadline to guarantee his deal was Friday. If they don’t guarantee his contract, he’ll end up on waivers.
  • By trading for Joe Harris and his expiring contract rather than pursuing a high-level free agent, the Pistons are protecting the cap space for next summer while avoiding a potentially bad contract, according to James Edwards III of The Athletic. Handing a huge offer sheet to restricted free agent Cameron Johnson, as had been anticipated, would have meant overpaying for a role player. They could easily have $60MM in cap space to play with next summer for a better free agent market. Detroit won’t give up a player to the Nets in the trade for Harris, who will provide shooting and wing depth.
  • Agent Mark Bartelstein said Harris has spoken with Pistons GM Troy Weaver, coach Monty Williams and executive Arn Tellem, Mark Medina tweets. According to Bartelstein, the Pistons have wanted Harris “for a couple of years” and “he’ll have a great role there.”
  • The Heat only have veteran’s minimum contracts to offer to free agents, Barry Jackson of Miami Herald tweets. The cap-strapped Heat don’t have a trade lined up to clear enough cap space to use exceptions within league cap rules.
  • While the Sixers aren’t expected to pursue a rookie scale extension with Tyrese Maxey, they haven’t made him available in trade discussions, Kyle Neubeck of Philly Voice tweets.
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Cameron Johnson, Coby White Among Players Receiving QOs

June 28th, 2023 at 7:28am CST by Luke Adams

A series of players have been issued qualifying offers by their respective teams, making them restricted free agents, according to RealGM’s official NBA transaction log.

Nets forward Cameron Johnson and Bulls guard Coby White are among the most notable QO recipients within the last couple days. Johnson’s qualifying offer is worth $8,486,620, while White’s is worth $7,744,600.

For many restricted free agents, qualifying offers essentially function as placeholders, giving the team the right of first refusal on the player as long as that QO remains on the table.

It’s also a one-year contract offer that the player is free to accept at any time, which is a more viable route for some RFAs than others — Johnson, for instance, looks like a safe bet to secure a lucrative multiyear deal, so it would be a major surprise if he simply accepted his $8.5MM qualifying offer.

Besides Johnson and White, here are some of the players who have received qualifying offers this week and are now restricted free agents, per RealGM:

The deadline for teams to issue qualifying offers is Thursday, so we’ll likely get many more updates on QOs being extended to players today and tomorrow.

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Fischer’s Latest: Jazz, Cavs, Wolves, DiVincenzo, Gallinari, More

June 27th, 2023 at 12:47pm CST by Luke Adams

The Jazz‘s trade for John Collins and the Timberwolves‘ extension agreement with Naz Reid are two transactions that could have a ripple effect on other offseason activity, Jake Fischer writes in his latest story for Yahoo Sports.

As Fischer explains, the Jazz were expected to be a player for forwards in free agency, with Celtics RFA Grant Williams among Utah’s rumored targets. The Jazz still project to have cap room available, especially if Jordan Clarkson doesn’t remain with the team, but after adding Collins to a frontcourt that now features Lauri Markkanen, Walker Kessler, and lottery pick Taylor Hendricks, it’s hard to see them spending big on another forward or center, Fischer observes.

As for Reid, the Cavaliers were among the teams that hoped to take a run at him in free agency, sources tell Fischer. It’s unclear whether Cleveland – which should have the full mid-level exception available – will pivot to pursuing another significant frontcourt addition to complement Jarrett Allen and Evan Mobley or whether the club specifically valued Reid highly, Fischer writes.

Meanwhile, opposing executives are curious about how the Timberwolves’ new deal with Reid might affect the rest of their roster. In particular, Fischer says, rival teams are wondering if Minnesota might waive veteran wing Taurean Prince, whose $7.5MM salary for 2023/24 is non-guaranteed.

With Prince on the books, the Wolves likely won’t have access to the full non-taxpayer mid-level exception, and they’re believe to be in the market for a combo guard with size using that MLE, according to Fischer, who names Bruce Brown and Donte DiVincenzo as two possible targets.

Here’s more of Fischer’s latest reporting:

  • Minnesota is hardly the only team with interest in DiVincenzo. There has been “growing noise” among league personnel about the possibility of DiVincenzo joining the Knicks and teaming up with fellow Villanova alums Jalen Brunson and Josh Hart, says Fischer.
  • Teams with cap room, including the Pacers, Magic, and Pistons, are believed to be eyeing players like Grant Williams (RFA) and Max Strus, according to Fischer, though he has heard the same rumblings that Marc Stein has about Detroit potentially using its room to make a room at Cameron Johnson. If the Nets bring back Johnson, rival executives are prepared for Brooklyn to make a cost-cutting trade to help accommodate Johnson’s increased salary.
  • The Wizards are considered likely to reach a buyout agreement with Danilo Gallinari, freeing up the veteran forward to pursue a deal with a team closer to contention, Fischer reports. Gallinari would be ineligible to re-sign with the Celtics in that scenario.
  • The Rockets are considering high-salary, short-term deals in order to land their preferred targets in free agency, per Fischer, who suggests it might take a maximum-salary offer to lure Fred VanVleet away from the Raptors. VanVleet is rumored to be one of Houston’s top priorities in free agency.
  • In case you missed it, we passed along more of Fischer’s latest tidbits in a pair of stories earlier today.
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Fred VanVleet, Dillon Brooks Atop Rockets’ FA Wish List?

June 27th, 2023 at 7:59am CST by Luke Adams

The Rockets have been connected to several notable players in the weeks leading up to free agency, but league sources are increasingly identifying point guard Fred VanVleet and wing Dillon Brooks as the team’s top targets, according to Marc Stein at Substack.

While James Harden was once viewed as Houston’s number one free agent priority, there has been a sense in recent weeks that a return to Philadelphia has become the more likely outcome for Harden, which would require the Rockets to pivot to other targets. According to Stein, there have been “compelling signals” that the team will be a strong candidate to land both VanVleet and Brooks.

The Rockets may have an easier path to signing Brooks, given that his former team – the Grizzlies – has conveyed no desire to bring him back. Houston will likely face competition from rival suitors for the controversial forward, but it doesn’t sound like Memphis will be among them.

That won’t be the case with VanVleet, whom the Raptors are expected to attempt to retain. According to Stein, Toronto recognizes that it will likely need to offer the veteran point guard at least $30MM per year on a multiyear contract to keep him. With Gary Trent Jr. having picked up his $18MM+ player option and Jakob Poeltl considered a good bet to re-sign with the Raptors for a salary in the range of $20MM annually, per Stein, a lucrative new contract for VanVleet might push Toronto into luxury tax territory.

While it remains to be seen whether the Rockets will be able to pry VanVleet away from the Raptors, Stein says one league source considers Houston the favorite for Brooks. There’s a belief around the NBA that the Rockets are willing to make Brooks an offer that would exceed the $12.4MM mid-level exception, Stein adds.

Besides VanVleet, Brooks, and Harden, the Rockets also have interest in Poeltl, Khris Middleton, Brook Lopez, Bruce Brown, Jordan Clarkson, Donte DiVincenzo, Dwight Powell, Rui Hachimura (RFA), Austin Reaves (RFA), and Cameron Johnson (RFA), a person with knowledge of the situation tells Jonathan Feigen of The Houston Chronicle (subscription required).

That’s a long list, but the Rockets project to have more than $60MM in cap room and will want to have several fallback options in place in case they’re unable to sign their top targets.

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Stein’s Latest: Reid, Spurs, Pistons, Johnson, Rose, Porzingis, Jazz

June 26th, 2023 at 8:32pm CST by Dana Gauruder

The Spurs were among the teams who were interested in signing Timberwolves big man Naz Reid before he agreed to a three-year, $42MM extension, Marc Stein reports in his latest Substack article.

San Antonio was seeking a veteran center to ease the burden on No. 1 pick Victor Wembanyama during his rookie season. However, the Spurs may have only planned to offer Reid a one-year deal.

The Mavericks were among the teams with the full $12.4MM mid-level exception available who were known to have interest in Reid, Stein adds.

Here are some more tidbits from Stein:

  • The Pistons’ interest in Nets restricted free agent Cameron Johnson, which has previously been reported by Stein, is genuine, he reiterates. There’s rising belief around the league that he’s their No. 1 free agent target, even though the Nets have the right to match. Detroit is projected to have over $30MM in cap space.
  • The Suns, Bucks and Bulls have been mentioned as potential landing spots for Derrick Rose, according to Stein. The Knicks declined to pick up their $15.6MM option on Rose for next season. However, Rose’s time in New York isn’t necessarily over — the Knicks may re-sign him at a lower number if his other options don’t pan out, Stein says.
  • If Kristaps Porzingis had chosen to decline his player option,  the Jazz were prepared to make offer for more money than the Celtics can give him via a two-year, $77MM extension, per Stein. They were also interested in being the third party to facilitate the trade between the Wizards and Celtics. Boston was Porzingis’ preferred destination, however.
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Nets Notes: Johnson, Bridges, Whitehead, Milutinov

June 24th, 2023 at 5:24pm CST by Arthur Hill

Cameron Johnson will be one of the top names on the free agent market, and long-time teammate Mikal Bridges is urging him to stay with the Nets, writes Brian Lewis of The New York Post.

Johnson and Bridges have been together since Johnson was drafted in 2019 by Phoenix, where they were nicknamed “The Twins” because of their close friendship. They spent three and a half years as Suns teammates before both being shipped to Brooklyn in February as part of the Kevin Durant trade.

“I just know a lot of people probably want him on different teams,” Bridges said. “I just tell him, I’ll just be like ‘I know money and this and that, but just know where I want you. And you can’t leave your Twin!’ But he knows. He knows that I never want him to go. And I hope that he stays and they offer him a really good deal. Get my boy paid and go from there.”

Johnson will be a restricted free agent, so the Nets will be able to match any offer he receives, but they can’t talk to him about a new contract until the official start of free agency at 6 p.m. ET on Friday. General manager Sean Marks told Lewis on draft night that he’s hoping to reach an agreement with Johnson before he meets with any other teams.

“I think it’s one of those things that maybe … we should expect the unexpected,” Marks said. “Things happen all the time in this. We’ll be prepared for that. Cam knows how we feel about him. We hope he’s a Net and so we’ll just have to sort of play it all out. … I think we’ve got a nice young group and he can see how this group has a chance to do something special here and do something special in Brooklyn.”

There’s more from Brooklyn:

  • The Nets weren’t afraid to gamble on Dariq Whitehead with their 22nd pick, even though he underwent a second surgery on his right foot last month, per Zach Braziller of The New York Post. Whitehead was considered one of the top prospects in the nation heading into his freshman season at Duke, and the 18-year-old is confident that he can eventually get past his physical issues. “I think I can definitely get back to that guy who I was,” Whitehead said. “I feel like people definitely from last year, they tend to think that I’m not athletic, and that was due to me pretty much playing on one leg. But I feel like I can definitely show the athletic part, and then really my playmaking.” 
  • The Nets selected a pair of teenagers in the first round in Whitehead and Noah Clowney, but Marks said that’s not an indication that the team is focused on rebuilding rather than winning right away, relays Ian Beglay of SNY.tv.
  • Nikola Milutinov, whose draft rights the Nets acquired in a 2021 trade, has signed a two-year contract with Olympiacos, according to Dario Skerletic of Sportando. The 28-year-old center spent the past three seasons with CSKA Moscow.
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Stein’s Latest: Porzingis, Jazz, Hawks, Mavs, Pistons, Johnson

June 24th, 2023 at 1:03pm CST by Luke Adams

Rival teams were “convinced” the Jazz were going to make a run at Kristaps Porzingis in free agency if he had declined his $36MM player option, Marc Stein writes at Substack. As Stein details, the threat of losing Porzingis for nothing may have motivated the Wizards to find compensation for him before his opt-out deadline. They found a way to send him to his preferred destination — the Celtics — despite an initial roadblock after the Clippers had concerns over Malcolm Brogdon‘s health.

The Celtics are “strongly expected” to sign Porzingis to a contract extension this offseason, Stein adds.

Here’s more from Stein:

  • The Hawks and Mavericks, who held frequent talks about deals involving the 10th and 15th overall picks leading up to the draft, couldn’t find common ground because Atlanta wanted to include John Collins in a proposed deal, while Dallas preferred Clint Capela. According to Stein, the Hawks told the Mavs they’d move No. 15 and Capela for No. 10 and Davis Bertans if Josh Green was also included in the package, but Dallas didn’t go for it.
  • The Hawks remain active in trade talks and appear most motivated to move Collins, but Capela and De’Andre Hunter are drawing more interest, per Stein. The Hawks, who have been trying and failing – so far – to convince the Raptors to part with Pascal Siakam, had talks with the Pistons and Pacers prior to the draft about deals involving Hunter and the Nos. 5 and 7 picks.
  • With the additional flexibility they created by dumping Bertans’ salary, the Mavericks are in a better position to use their mid-level exception to pursue a wing, according to Stein, who names Bruce Brown as a possible Dallas free agent target.
  • Having previously reported that the Pistons are expected to be as suitor for Cameron Johnson in free agency, Stein says the Nets RFA forward continues to be cited by league sources as an “increasingly likely” target for Detroit. The Pistons will have the cap space necessary to put pressure on Brooklyn with a substantial offer sheet if they so choose.

Rory Maher contributed to this story.

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Atlantic Rumors: Celtics, I. Stewart, C. Johnson, Harden, More

June 16th, 2023 at 12:13pm CST by Luke Adams

The Celtics are exploring ways to improve their roster, according to Kevin O’Connor of The Ringer, who suggests that a sign-and-trade of forward Grant Williams or a trade involving one or more of the team’s guards are among the options in play. Brian Robb of MassLive.com published a similar report, suggesting that a source told him Boston has been one of the most active teams on the trade market.

According to Robb, the Celtics are looking into whether they’ll be able to move a player from their crowded backcourt in order to balance their roster and upgrade at another position. Marcus Smart, Derrick White, Malcolm Brogdon, and Payton Pritchard are all under contract for next season.

While Pritchard is the most logical trade candidate, given that he sought a change of scenery during the 2022/23 season and wasn’t part of the Celtics’ playoff rotation, it might make more sense for Boston to move one of its higher-paid guards, Robb writes. That would allow the Celtics to bring back a bigger salary in a trade or would help create flexibility to re-sign Williams.

Interestingly, James L. Edwards III of The Athletic says (via Twitter) that the Celtics are among the teams to inquire about Isaiah Stewart. However, Edwards doesn’t expect the Pistons to move Stewart, who will be extension-eligible this offseason.

Here are a few more rumors from around the Atlantic, including another one that involves the Pistons:

  • Following the Pistons‘ hiring of Monty Williams, Nets restricted free agent forward Cameron Johnson – who played for Williams in Phoenix – is rising on Detroit’s list of free agent targets, according to Marc Stein at Substack. But Brooklyn is “quietly expressing confidence” about its ability to retain Johnson, says Stein, which suggests the team either knows what it will take to re-sign him or fully intends to match any offer he receives as a restricted free agent.
  • If the Nets commit to a lucrative new deal for Johnson, will they have to cut costs elsewhere? Stein notes that forward Dorian Finney-Smith is still viewed as a “prime trade candidate,” while Kevin O’Connor of The Ringer hears from sources that Brooklyn has received calls about both Finney-Smith and Royce O’Neale.
  • Jake Fischer of Yahoo Sports shares a few Sixers-related tidbits in his latest round-up of rumors from around the NBA, writing that the team appears to prefer another short-term deal with free-agent-to-be James Harden and citing sources who say Philadelphia is “actively seeking” opportunities to trade into the second round of next week’s draft. The 76ers don’t currently own a 2023 draft pick.
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