Many of the agreements signed during the July moratorium were contingent on teams clearing cap space to accommodate them, and to do so, teams must sometimes renounce their Non-Bird, Early Bird or full Bird rights to their own free agents to erase their cap holds from the books. Teams that renounce those rights no longer have the ability to exceed the cap to re-sign those players unless they use an exception like the mid-level or the biannual. The end of the moratorium usually brings about a fair number of renouncements, so we’ll track today’s here, with the latest on top:
- The Mavs have renounced Dirk Nowitzki, Shawn Marion and Vince Carter, according to Mark Deeks of ShamSports (Twitter link). That doesn’t mean the Mavs don’t intend to re-sign Nowitzki, as they already agreed to do. Teams that sign players to offer sheets are permitted to rescind their renouncements if the original club matches the offer sheet. In this case, the Mavs will rescind their renouncement of Nowitzki if the Rockets match the offer sheet for Chandler Parsons, and they’ll use cap space to re-sign Nowitzki if Houston doesn’t match.
- The Jazz renounced their rights to Richard Jefferson and Brandon Rush, according to Deeks tweets.
- The Hornets renounced Jannero Pargo, Anthony Tolliver, DJ White, Luke Ridnour, Josh McRoberts and Chris Douglas-Roberts, Deeks notes in the same tweet. Just like the Mavs, the Hornets may rescind these renouncement if the Jazz, as they reportedly intend to do, match Charlotte’s offer sheet for Gordon Hayward.