The NBA will announce its All-NBA teams for the 2022/23 on Wednesday night, unveiling the First, Second, and Third teams during a TNT broadcast beginning at 6:00 pm Central time (Twitter link).
For many of this year’s All-NBA candidates, earning a spot on one of the three teams will simply bolster their career résumés, perhaps increasing their chances of being inducted into the Hall of Fame down the line.
But there are a handful of players who have – or could have – a significant amount of money riding on tonight’s announcement. Those players would become eligible for a more lucrative contract by making an All-NBA team.
The NBA’s Collective Bargaining Agreement typically restricts players who have six or fewer years of NBA experience from signing deals worth more than 25% of the salary cap. However, earning an All-NBA berth at the right time can make those players eligible to sign for up to 30% up the cap.
Similarly, players with between seven and nine years in the league are usually limited to signing contracts worth up to 30% of the cap, but an All-NBA nod can make them eligible to receive up to 35% of the cap instead.
We have more specific details on how Rose Rule deals and Designated Veteran contracts work in a pair of glossary entries, so you can check those out for more information. Here are the players who could be the most financially impacted by this year’s All-NBA voting results:
Tatum will only have six years of NBA experience at the end of this season, so he’s not yet eligible to sign a super-max extension. However, assuming he makes an All-NBA team – which is a virtual lock – he’ll have met the performance criteria for a Designated Veteran extension.
Players who have seven years of NBA experience and who made the All-NBA team in two of the last three seasons are super-max eligible. That means that an All-NBA nod tonight would put Tatum in position to sign a five-year DVE (worth 35% of the 2025/26 cap) in the 2024 offseason regardless of whether he makes an All-NBA team next season, since he’ll have done so in both 2022 and 2023.
We’re grouping Brown and Siakam together here, since they’re in identical situations. Both members of the 2016 draft class are finishing up their seventh year in the NBA and have contracts that expire in 2024.
If they earn All-NBA honors this season, both Brown and Siakam would be eligible to sign five-year Designated Veteran extensions that begin in 2024/25 and start at up to 35% of that season’s cap.
Unlike Tatum, neither Brown nor Siakam is a slam dunk to make an All-NBA team. The odds of both players making the cut are probably slim, but they each have a chance at a Third Team spot. I’d view Brown as the slightly stronger candidate, given Boston’s regular season record relative to Toronto’s.
Morant has actually already signed a rookie scale extension, completing that deal with the Grizzlies last offseason. However, its exact value will look drastically different depending on whether or not Morant makes an All-NBA team tonight. If he earns a spot, his contract would start at 30% of the 2023/24 salary cap; if he misses out, his deal would start at 25% of next season’s cap.
Based on a $134MM salary cap, the difference between Morant’s two possible deals is nearly $40MM — he’ll earn a projected $233MM across five years if he’s named to an All-NBA team and about $194MM if he’s not.
Morant looked like a safe bet to earn All-NBA honors during the first half of the season, but an eight-game suspension for waving a gun in a Colorado strip club derailed his second half and made him more of a borderline candidate. It wouldn’t be a surprise if he doesn’t make it.
Pelicans forward Zion Williamson and Cavaliers guard Darius Garland also signed Rose Rule rookie scale extensions last summer and would have salaries worth 30% of the 2023/24 cap (instead of 25%) if they make an All-NBA team. That won’t happen for Williamson, who was limited to 29 games this season. It probably won’t happen for Garland either, though he has a far better chance to show up on some ballots.
Non-eligible candidates
To be eligible for a super-max extension worth 35% of the cap, a player can’t have been traded since his second NBA contract began. That rule will make Kings center Domantas Sabonis ineligible for a super-max deal even if he shows up on the All-NBA Third Team tonight.
Several other All-NBA candidates, including Mavericks guard Luka Doncic, Thunder guard Shai Gilgeous-Alexander, and Kings guard De’Aaron Fox, could become super-max eligible down the road, but don’t have enough NBA experience to qualify yet. They would each need to make at least one more All-NBA team in a future season to become eligible, regardless of what happens this year.