The NBA has officially announced its All-NBA teams for the 2016/17 season, and neither Paul George nor Gordon Hayward is among the 15 players honored. That’s big news for both players and their teams, since they’ll be ineligible for the Designated Veteran Extension, reducing the amount of money the Pacers and Jazz – respectively – could offer their star forwards in contract extensions this offseason.
Here are this year’s All-NBA teams:
All-NBA First Team
All-NBA Second Team
All-NBA Third Team
Based on this year’s All-NBA voting results, Wall is now eligible to sign a Designated Veteran Extension this summer, while Leonard is eligible to sign one next summer. Harden, Westbrook, and Curry are also eligible to sign DVEs this summer, as Bobby Marks of The Vertical notes (via Twitter).
Those Designated Veteran Extensions – which are dependent on a player making an All-NBA team in the year before he signs an extension, or in two of the previous three years – apply to players finishing up their rookie scale extensions. They allow a player re-signing with his own team to earn up to 35% of the salary cap, rather than just 30%. So, if we assume a $101MM salary cap for 2017/18, a player like Curry could sign a new Warriors contract with a starting salary of $35.35MM, instead of $30.3MM.
The Pacers and Jazz will still be able to offer George and Hayward larger and longer contracts than any other team, but the advantage won’t be as significant as it would have been if those players had earned All-NBA spots. Teams can offer their own Bird-rights free agents up to five years (instead of four) and 8% raises (instead of 5%).
Hayward figures to opt out of his contract and become a free agent this summer, while George is expected to reach free agency in 2018. George could still become eligible for the DVE in ’18 if the Pacers hang onto him through next season and he earns All-NBA honors a year from now. However, there’s no guarantee that Indiana will be willing to take that risk.
As for the rest of the All-NBA votes, there weren’t any major surprises, particularly on the first two teams. Perhaps the biggest surprise, in a year which was dominated by four clear-cut MVP candidates, is that Harden was the only player who received 100 out of 100 possible First Team votes. Westbrook and James received 99 apiece, while Leonard received 96.
Note: Hoops Rumors readers voted last month on All-NBA teams, and our squads looked awfully close to the official ones, with a couple notable exceptions. You can check out the results of our voting right here.