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Offseason Observations: Exhibit 10 Terms, Okoro, Current FAs, Stretch Provision

September 20th, 2024 at 5:36pm CST by Luke Adams

With the start of most NBA training camps just 11 days away (and even sooner than that for the Celtics and Nuggets), the 2024 offseason is nearing its end.

Before we put a bow on the summer of 2024, we have one more installment of our "Offseason Observations" to share today, following up on similar articles published in July and August.

Here are some of the under-the-radar cap- and CBA-related stories I'm keeping an eye on as teams around the league prepare for their media days and training camps.

The disparity between Exhibit 10 bonuses

As we've written many teams in recent weeks, when a player signs an Exhibit 10 contract with an NBA team, is waived before the regular season begins, and then spends at least 60 days with his club's G League affiliate, he's eligible to earn a bonus worth up to $77.5K.

We always clarify that those bonuses can be worth "up to" $77.5K because that's the maximum possible Exhibit 10 bonus in 2024/25 (up from $75K a year ago, having increased at the same rate as the salary cap). But not every player who signs an Exhibit 10 contract is able to negotiate that maximum bonus.

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Eastern Notes: Jovic, Battier, Okoro, Klei

September 19th, 2024 at 9:40am CST by Dana Gauruder

The Heat’s Nikola Jovic will, by necessity, likely see the bulk of his minutes at power forward this season. He’s focused on taking advantage of mismatches, according to Ira Winderman of the South Florida Sun Sentinel.

“I would say the biggest thing I was working on the most was when I’m working in the low post, when I have a smaller guy on me, I just have to punish them,” Jovic said. “That’s something I think will help our team a lot. So I would say that’s the main thing for me, other than still being able to spread the floor and everything I already did.”

Jovic, who started 38 of the 46 games he played last season, is eligible for a rookie scale extension next summer.

We have more from the Eastern Conference:

  • Shane Battier left his front office job with the Heat in 2021 because he wanted to explore other opportunities outside of basketball, Barry Jackson of the Miami Herald relays. In an episode of the Glue Guys podcast, Battier explained his decision about leaving his post as vice president/basketball development and analytics. “There is so much in life to experience and try my hand at,” he said. “So many interesting people around the world. I’m so fascinated about learning. I turned 46 this week and I feel I have so much to learn and have so much to do in the world still. I needed to go out and explore and meet and learn. I wanted to learn new industries. It sounds very strange because I love basketball. For me to be truly happy, that’s what I need to do.”
  • Under the terms of Isaac Okoro‘s three-year contract with the Cavaliers, he’ll have a $10.2MM base salary this season, ESPN’s Bobby Marks tweets. His salary rises to $11MM in 2025/26 and $11.8MM in 2026/27. In addition to the $33MM in guaranteed money, the contract also includes $4.9MM in unlikely incentives. Cleveland is now $1.9MM above the luxury tax line but has the flexibility to get under that figure during the season, if needed, Marks adds.
  • The College Park Skyhawks, the Hawks’ NBA G League affiliate, have named Steven Klei as their new head coach, according to Lauren Williams of the Atlanta Journal Constitution. Klei, 31, replaces Ryan Schmidt, who will become a full-time assistant with the Hawks. Aaron Evans has been hired as the Skyhawks’ GM.
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Cavaliers Re-Sign Isaac Okoro To Three-Year Contract

September 17th, 2024 at 7:18pm CST by Rory Maher

SEPTEMBER 17: Okoro’s new deal is official, the Cavaliers confirmed today in a press release.

SEPTEMBER 14: The Cavaliers are re-signing restricted free agent Isaac Okoro to a three-year, $38MM contract, agents Michael Tellem, Jeff Schwartz and Marcus Monk tell Adrian Wojnarowski of ESPN.

Okoro, 23, came in at No. 20 on our list of 2024’s top 50 free agents, making him the top remaining player who had yet to sign a new deal. It took more than two months, but the NBA’s lone restricted free agent has reached an agreement to return to Cleveland.

As ESPN’s Bobby Marks tweets, Okoro’s $11.8MM qualifying offer would have expired on Oct. 1, though he still would’ve been a restricted free agent had a deal not been reached by that point. The Cavs were approximately $10.4MM below the luxury tax line before accounting for Okoro’s new contract, Marks adds.

According to Chris Fedor of Cleveland.com (Twitter link), Okoro’s three-year deal features $33MM in guaranteed money. Sources tell Michael Scotto of HoopsHype that Okoro’s contract features some unlikely bonuses tied to his team’s success (Twitter link).

The No. 5 overall pick of the 2020 draft, Okoro averaged 9.4 points, 3.0 rebounds and 1.9 assists while shooting a career-best 39.1% from three-point range in 69 regular season games in 2023/24, including 42 starts (27.3 minutes per contest). The 6’5″ wing is primarily known for his defense, particularly on the ball, where he’s frequently tasked with guarding the opposing team’s best perimeter player.

When we polled our readers about Okoro’s situation last week, 59% of those who voted thought he would end up accepting his qualifying offer — essentially just a one-year contract — to hit unrestricted free agency in 2025. About 17% thought he would re-sign with the Cavs on a multiyear contract.

Scotto reports (via Twitter) that the Nets and Hornets were among the teams that showed sign-and-trade interest in Okoro before he agreed to a new contract with Cleveland.

Once Okoro’s signing is official, the Cavs will have 14 players on standard contracts, though only 11 of those deals are fully guaranteed. Tristan Thompson and Sam Merrill are on non-guaranteed contracts, while Craig Porter Jr. has a $1MM partial guarantee on his $1.89MM salary. All three of the team’s two-way slots are filled.

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And-Ones: Fitts, Gilyard, NBA Schedule, Flagg, Swarm Staff

September 16th, 2024 at 8:18pm CST by Dana Gauruder

In an NBA G League swap, the Memphis Hustle acquired a 2025 first-round pick and the returning player rights to forward Malik Fitts from the Cleveland Charge, the Grizzlies’ G League team tweets.  The Charge, the Cavaliers’ affiliate, received the returning player rights to guard Jacob Gilyard.

Fitts has appeared in 18 NBA games, most recently in eight contests with Boston during the 2021/22 campaign when he was signed to two 10-day contracts. Gilyard appeared in a combined 41 NBA games with the Grizzlies and Nets last season. He was on a two-way deal with Brooklyn after Memphis waived him.

We have more from around the basketball world:

  • It’s impossible to keep all the NBA teams happy and give them their desired dates on an 82-game schedule. Duane Rankin of the Arizona Republic spoke to an unnamed source who detailed the issues confronting the schedule makers. “You’ve got 30 different teams each with their own perspective on what they would like to see and within each of the 30 teams, you’ve got multiple perspectives from what makes the most sense,” the source said. “The league is then responsible for taking all of the different perspectives and try to make something that’s going to please everyone, which inherently is an impossible task.”
  • How would projected 2025 top pick Cooper Flagg impact a team in rebuild mode? Jonathan Wasserman of Bleacher Report dives into that topic, exploring how the Duke freshman big man would fit in with the Nets, Hornets, Pistons, Trail Blazers, Spurs, Raptors, Jazz and Wizards.
  • Nathan Peavy, David Noel III and Alex Ruoff have been announced as assistant coaches on DJ Bakker‘s staff with the Greensboro Swarm, the Hornets‘ affiliate, the G League team announced in a press release. Peavy joins the Swarm after serving last season as the head coach of the Cangrejeros de Santurce in the Baloncesto Superior Nacional league, Puerto Rico’s top professional division. Noel spent the last two seasons as an assistant coach for the Motor City Cruise, the Pistons’ affiliate. Ruoff was on West Virginia’s coaching staff the last two seasons.
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2024/25 NBA Over/Unders: Central Division

September 13th, 2024 at 7:46am CST by Luke Adams

With the 2024/25 NBA regular season set to tip off next month, we’re getting serious about predictions for the upcoming campaign and continuing an annual Hoops Rumors tradition.

With the help of the lines from a series of sports betting sites – including Bovada and BetOnline – we’re running through the predicted win totals for each of the NBA’s 30 teams, by division. In a series of team-by-team polls, you’ll get the chance to weigh in on whether you think those forecasts are too optimistic or too pessimistic.

In 2023/24, our voters went 16-14 on their over/under picks. Can you top that in ’24/25?

We’ll continue our series today with the Central Division…

Milwaukee Bucks

Cleveland Cavaliers

Indiana Pacers

Chicago Bulls

Detroit Pistons

Previous voting results:

Atlantic

  • Boston Celtics (58.5 wins): Over (69.7%)
  • New York Knicks (53.5 wins): Over (58.8%)
  • Philadelphia 76ers (52.5 wins): Under (51.7%)
  • Toronto Raptors (30.5 wins): Under (58.7%)
  • Brooklyn Nets (19.5 wins): Over (54.3%)

Southwest

  • Dallas Mavericks (49.5 wins): Over (78.0%)
  • Memphis Grizzlies (47.5 wins): Under (65.6%)
  • New Orleans Pelicans (46.5 wins): Under (60.6%)
  • Houston Rockets (43.5 wins): Under (51.4%)
  • San Antonio Spurs (36.5 wins): Under (52.9%)

Southeast

  • Orlando Magic (47.5 wins): Over (57.1%)
  • Miami Heat (44.5 wins): Under (63.1%)
  • Atlanta Hawks (35.5 wins): Under (66.4%)
  • Charlotte Hornets (29.5 wins): Under (63.1%)
  • Washington Wizards (20.5 wins): Under (56.6%)

Northwest

  • Oklahoma City Thunder (56.5 wins): Over (68.1%)
  • Minnesota Timberwolves (52.5 wins): Over (65.2%)
  • Denver Nuggets (51.5 wins): Over (54.3%)
  • Utah Jazz (29.5 wins): Under (60.1%)
  • Portland Trail Blazers (22.5 wins): Under (54.7%)
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G League Moves: Kings, Wizards, Cavs, Jazz, Hawks, More

September 12th, 2024 at 5:21pm CST by Luke Adams

While the NBA trade market has been quiet since July, NBA G League teams have been active in recent days, swapping returning player rights and draft picks ahead of the 2024/25 season.

A player’s G League returning rights are only valuable in certain situations. If a player is on a standard or two-way contract with an NBA team, those returning rights mean little, since the player will play for his NBA’s team affiliate when he reports to the G League. Even for players not on NBA rosters, returning rights offer no assurances for G League teams — the player could opt to play in Europe, Australia, Asia, or in another non-NBAGL league.

However, most G League trades made at this point in the year are completed with the knowledge that at least one of the players involved in the deal intends to sign an NBAGL contract and report to the team acquiring him. And in some cases, the trades represent the start of a greater opportunity for a player.

For instance, last summer, Trevelin Queen (Osceola Magic) and Alondes Williams (Sioux Falls Skyforce) were among the players who had their returning rights acquired by new teams. Queen and Williams initially signed training camp contracts with the NBA parent clubs (Orlando and Miami), but were eventually promoted to two-way deals and finished the 2023/24 season in the NBA.

Here are some details on the latest trades completed in the G League:

  • The Stockton Kings, Capital City Go-Go (Wizards), and Cleveland Charge (Cavaliers) finalized a three-team deal that sent Jules Bernard‘s returning rights to Cleveland, the rights to Dexter Dennis and Justin Powell to Stockton, and NBA veteran Jaylen Nowell to Capital City, per a press release from the Kings. Nowell has reportedly agreed to a camp deal with the Wizards.
  • Stockton followed up that deal by reaching a separate agreement with the Salt Lake City Stars, the Jazz‘s affiliate (press release). The Kings acquired the rights to Jayce Johnson and a 2025 second-round pick in exchange for the rights to Dane Goodwin.
  • The College Park Skyhawks, the Hawks‘ G League affiliate, sent the returning rights to Miles Norris and Joel Ayayi to the Memphis Hustle (Grizzlies) in exchange for Michael Devoe‘s rights and the Indiana Mad Ants’ 2025 first-round pick.
  • The Skyhawks subsequently flipped that 2025 Mad Ants first-rounder to the San Diego Clippers for Joey Hauser‘s rights (Twitter links). Hauser is reportedly joining the Hawks this fall on an Exhibit 10 deal.
  • The Mexico City Capitanes – the G League’s only unaffiliated team – has made a pair of trades. The Capitanes sent Ethan Thompson‘s rights to the Osceola Magic in exchange for the rights to D.J. Wilson and a 2024 first-round pick (Twitter link), then acquired Greg Brown‘s returning rights from the Texas Legends (Mavericks) in exchange for the rights to Phillip Wheeler and a 2025 second-round pick (press release).
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Southwest Notes: Thompson, Jackson, Wembanyama, Thompson

September 12th, 2024 at 9:34am CST by Dana Gauruder

Rockets head coach Ime Udoka says that second-year swingman Amen Thompson stands out among the players that look stronger heading into training camp, according to Jonathan Feigen of the Houston Chronicle. Thompson is ready to have a much improved season after appearing in 62 games last season and averaging 9.5 points, 6.6 rebounds, 2.6 assists and 1.3 steals in 22.4 minutes per night as a rookie.

“I feel a lot different,” Thompson said. “Just getting stronger, getting faster, getting more athletic. Just a lot of growth this summer, and I feel like that’s translated to the court.”

We have more from the Southwest Division:

  • Grizzlies forward GG Jackson underwent foot surgery on Sept. 4 and Damichael Cole of the Memphis Commercial Appeal spoke with an orthopedic foot and ankle surgeon to get an estimated timeline for when Jackson might get back on the court. The expert believes a three-month recovery period sounds reasonable. “Three months is a pretty safe number,” Dr. Kenneth Jung said. “He’s just got to be able to get into basketball-shape physically and mentally. Whether he’s back to full expectations of what the fans and coaches expect, that may be a different number.”
  • Big things are expected of Victor Wembanyama in his second NBA season. The Spurs big man is the co-betting favorite with the Cavaliers’ Evan Mobley to win the Most Improved Player award. Wembanyama is also the heavy favorite to take Defensive Player of the Year honors, according to Grant Afseth of DraftKings Network.
  • On his Substack page, Dallas Sports Journal, Afseth takes an in-depth look at how Klay Thompson can play off of Mavericks star guards Luka Doncic and Kyrie Irving. Afseth anticipates Thompson will significantly bolster the team’s offensive arsenal with his ability to stretch the floor and take quick-trigger shots, among other skills.
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Central Notes: Thompson, Pistons, Bulls, Bucks

September 11th, 2024 at 10:54pm CST by Luke Adams

Tristan Thompson‘s new one-year, minimum-salary contract with the Cavaliers is non-guaranteed, tweets Michael Scotto of HoopsHype. That will give Cleveland some flexibility with Thompson’s roster spot — while the veteran center seems likely to open the regular season with the team, he could be waived on or before January 7 if the team wants to avoid locking in his full-season salary.

Thompson also waived his right to veto a trade as part of his deal with the Cavs, Hoops Rumors has learned. Players who re-sign with their previous teams on one-year contracts are typically awarded veto rights for the season, but the player can forfeit that right as part of his agreement with his club. Thompson is the 12th player this season to do so, as our tracker shows.

Here’s more from around the Central:

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Cavaliers Officially Sign Tristan Thompson, JT Thor

September 9th, 2024 at 12:02pm CST by Luke Adams

SEPTEMBER 11: Thompson’s agreement is a one-year, non-guaranteed deal, sources inform Michael Scotto of HoopsHype (Twitter link).

SEPTEMBER 9: A pair of previously reported Cavaliers signings are official, according to the transaction log at NBA.com, which lists center Tristan Thompson and forward JT Thor as having completed their respective deals with the team.

Thompson, whose signing was also announced in a press release posted to the Cavaliers’ website, reportedly inked a one-year contract with the club. While the full details have yet to be confirmed, it’s believed to be a minimum-salary deal that’s either partially or fully guaranteed.

The fourth overall pick in the 2011 draft, Thompson spent his first nine NBA seasons with the Cavaliers before bouncing around the league and spending time with the Celtics, Kings, Pacers, Bulls, and Lakers from 2020-23. He returned to Cleveland last season, signing a one-year contract with the club almost exactly a year ago and appearing in 49 games in 2023/24.

Once a fixture in the Cavs’ starting lineup and one of the NBA’s top rebounders, Thompson played a limited role last season, contributing 3.3 points, 3.6 rebounds, and 1.0 assist in just 11.2 minutes per contest during the regular season.

The 33-year-old, who was suspended for 25 games from January to March for an SPED (steroids and performance enhancing drugs) violation, averaged only 8.7 MPG in 10 postseason appearances off the bench. However, the team is said to value his veteran leadership in the locker room.

Thor has signed a two-way contract with Cleveland, joining Emoni Bates and Luke Travers as the three players filling the club’s two-way slots.

The 37th overall pick in the 2021 draft, Thor spent the first three years of his career in Charlotte. He averaged 3.2 points and 2.1 rebounds in 165 games (11 starts; 12.2 MPG) with the Hornets from 2021-24, then became an unrestricted free agent this summer when the team turned down its option for 2024/25 and declined to issue him a qualifying offer.

Thor, a former Auburn standout, played for South Sudan’s national team at the Paris Olympics this summer, averaging 6.7 points and 4.7 rebounds in 16.5 minutes per game as the club went 1-2 in pool play, failing to advance to the single-elimination round.

The Cavs now have 16 players under contract, with 13 on standard deals and three on two-way pacts. Isaac Okoro, the NBA’s lone remaining restricted free agent, is the favorite to fill the 14th spot on the standard roster. Cleveland will likely keep the 15th spot open to start the season to maximize flexibility and save some money.

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Poll: How Will Isaac Okoro’s Situation Be Resolved?

September 8th, 2024 at 2:38pm CST by Rory Maher

With training camps set to begin in about three weeks, there haven’t been many updates on the NBA’s lone remaining restricted free agent, former No. 5 overall pick Isaac Okoro.

Okoro provides real value to the Cavaliers — he’s their best on-ball defender and is frequently tasked with guarding the opposing teams’ best perimeter player. Even with a major size disadvantage, Okoro did an admirable job defending Paolo Banchero in Cleveland’s first-round playoff series vs. Orlando.

The issue is on the other end of the court, where Okoro is an inconsistent shooter and scorer whom opposing defenses frequently ignore. After shooting a career-best 39.1% from three-point range in the 2023/24 regular season, he converted just 25.7% of his outside looks in the postseason.

The Cavaliers extended a qualifying offer — essentially just a one-year contract offer — to Okoro in June, granting them the right of first refusal in negotiations. That QO is worth $11,828,974. If the 23-year-old accepts the QO, he would become an unrestricted free agent in 2025.

In late July, Chris Fedor of Cleveland.com reported that the Cavs also made Okoro a multiyear offer, roughly in the range of $8-10MM annually. Cleveland certainly seems to be in the driver’s seat in negotiations and hasn’t budged on that stance, according to reports last month from Fedor and ESPN’s Brian Windhorst.

One of the primary issues for Okoro is the Pistons are the only team in the league that has cap room available, and there has been no indication they’re interested in testing the Cavaliers with a long-term offer that Cleveland could match. There also haven’t been any rumors about teams potentially using the non-taxpayer mid-level exception to make Okoro an offer.

For what it’s worth, the Cavs used the stretch provision to spread Ricky Rubio‘s $1,274,015 dead-money cap hit for 2024/25 across three seasons. Rubio will now count against Cleveland’s books for $424,672 annually through ’26/27. That might not sound significant, but it could help the Cavs re-sign Okoro while avoiding the luxury tax — a key consideration for a team whose payroll is set to balloon in ’25/26, when Evan Mobley‘s rookie scale extension kicks in.

Aside from accepting the QO, re-signing with the Cavs on a multiyear deal, or signing with another team (again, the Cavs could choose to match), there’s one other viable outcome. The Cavs reportedly discussed a sign-and-trade with the Nets involving Okoro and Dorian Finney-Smith, but it sounds like those talks didn’t get serious.

We want to know what you think. How will Okoro’s situation be resolved? Vote in our poll, then head to the comment section to share your thoughts.

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