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Spurs Exercise 2024/25 Options On Sochan, Branham, Wesley

October 23rd, 2023 at 1:05pm CST by Rory Maher

The Spurs have exercised their third-year team options on the rookie scale contracts of Jeremy Sochan, Malaki Branham and Blake Wesley, the team announced today.

While the moves won’t impact the players this season, the trio now have their 2024/25 salaries guaranteed. Sochan will make $5,570,040 next season, Branham will carry a $3,217,920 cap hit, and Wesley will earn $2,624,280.

The Spurs will have until the end of October 2024 to decide whether or not they want to pick up the fourth-year options of Sochan, Branham and Wesley.

The No. 9 overall pick of the 2022 draft, Sochan earned a spot on the All-Rookie Second Team last season after averaging 11.0 points, 5.3 rebounds and 2.5 assists in 56 games, including 53 starts (26.0 minutes per contest). He posted a .453/.246/.698 shooting line.

Head coach Gregg Popovich previously stated that the 6’9″ Sochan would be the de facto point guard of the Spurs’ super-sized starting lineup to open ’23/24. However, on Friday, he cast some uncertainty on whether that five-man group would remain the long-term starters, as Tom Orsborn of The San Antonio Express-News relays (Twitter links).

Branham, a 6’5″ guard who was the No. 20 overall pick in 2022, averaged 10.2 points, 2.7 rebounds and 1.9 assists on .440/.302/.829 shooting in 66 games last season (23.5 minutes).

Wesley, meanwhile, was the No. 25 pick last year. He averaged 5.0 points, 2.7 assists and 2.2 rebounds on .321/.381/.591 shooting in 37 NBA games in ’22/23 (18.1 minutes). The 6’5″ guard also spent some time in the G League last season.

The full list of ’24/25 rookie scale team option decisions can be found right here.

Stanley Umude Gets Two-Way Contract With Pistons

October 23rd, 2023 at 11:37am CST by Arthur Hill

11:37am: The Pistons have confirmed Umude’s two-way contract (Twitter link).

7:58am: The Pistons will convert Stanley Umude‘s Exhibit 10 contract to a two-way deal, sources tell Shams Charania of The Athletic (Twitter link).

The 24-year-old shooting guard signed with Detroit last fall after going undrafted out of Arkansas. He spent most of the season with the team’s G League affiliate, the Motor City Cruise, but made a brief appearance in one NBA game after signing a 10-day contract in February. He also played for the Pistons in this year’s Summer League.

Umude earned the two-way slot with a strong preseason, averaging 9.3 points, 3.3 rebounds and 1.8 assists in four games while shooting 45.5% from the field and 43.8% from three-point range.

Detroit now has all its two-way spots filled, with Jared Rhoden and Malcolm Cazalon holding the others. With 14 players on standard contracts, the team has one opening on its 15-man roster.

Aaron Nesmith Lands Three-Year, $33MM Extension With Pacers

October 23rd, 2023 at 11:24am CST by Arthur Hill

11:24am: Nesmith’s extension is official, the Pacers announced in a press release.

9:33am: The Pacers have agreed to a three-year, $33MM extension with Aaron Nesmith, agent Mike Lindeman tells ESPN’s Adrian Wojnarowski (Twitter link).

The 24-year-old forward thrived in his first season with Indiana, moving into the starting lineup and averaging 10.1 points, 3.8 rebounds and 1.3 assists in 73 games. Today’s extension shows that management considers him part of the team’s young core as it tries to become a playoff contender.

The Pacers acquired Nesmith from Boston last summer as part of the Malcolm Brogdon deal. The Celtics selected him with the 14th pick in the 2020 draft, but he wasn’t able to earn a regular rotation role in his two years with the team.

Nesmith will earn $5,634,257 in the final year of his rookie contract before the extension kicks in next season. Once the deal is finalized, he will be under contract through 2026/27.

Today is the final day for members of the 2020 draft class to sign rookie scale extensions. The deadline is set at 5:00 pm Central time, and you can track them all here.

Nesmith is the 10th player to agree to a rookie scale extension so far this year, as our extension tracker shows.

John Butler Signs Two-Way Contract With Wizards

October 23rd, 2023 at 11:16am CST by Arthur Hill

11:16am: The signing is official, the Wizards announced (via Twitter).

8:32am: Free agent center John Butler will join the Wizards on a two-way contract, tweets Shams Charania of The Athletic.

The 20-year-old was waived by the Trail Blazers on Friday. He spent last season with Portland on a two-way deal and appeared in 19 games, averaging 2.4 points and 0.9 rebounds in 11.6 minutes per night.

Butler signed a two-way contract with the Pelicans last October after going undrafted out of Florida State. He was waived after a week and was picked up by the Blazers a few days later.

Washington now has all its two-way slots filled, with the others belonging to Eugene Omoruyi and Jared Butler. The Wizards still have 17 players with guaranteed contracts and will have to make two cuts by 4:00 pm CT today.

Spurs Sign Zach Collins To Two-Year Extension

October 22nd, 2023 at 10:35pm CST by Luke Adams

10:35pm: The Spurs have confirmed the extension through a press statement.

12:09pm: The Spurs and big man Zach Collins have agreed to a two-year contract extension that will be worth $35MM, agent Mark Bartelstein tells Adrian Wojnarowski of ESPN. The deal is fully guaranteed, with no second-year player or team option, tweets Kelly Iko of The Athletic.

Collins, who will turn 26 next month, is coming off his healthiest season in four years. Appearing in 63 games (26 starts) for San Antonio in 2022/23, he averaged 11.6 points, 6.4 rebounds, and 2.9 assists in 22.9 minutes per game, posting a solid shooting line of .518/.374/.761.

The 10th overall pick in the 2017 draft, Collins flashed some promise early in his career in Portland, but saw his career derailed by ankle injuries, which limited him to 11 games in 2019/20 and sidelined him for the entire ’20/21 season.

When Collins signed with the Spurs as a free agent in 2021, he received a three-year, $22MM contract, but it was only fully guaranteed for one full season, with a partial guarantee in year two and a non-guaranteed third year. The former Gonzaga standout only played in 28 games in his first season in San Antonio, but ’22/23 was the best season of his career, putting him in position to become part of the team’s future beyond his current contract.

Collins projects to be part of the Spurs’ starting lineup alongside Victor Wembanyama this fall, as the club looks to reduce the wear and tear on its prized rookie by having him play at power forward instead of center.

As Yossi Gozlan of HoopsHype observes (via Twitter), San Antonio initially projected to have upwards of $60MM in cap room in the summer of 2024, but have now dedicated more than half that space to new contracts for Collins and Devin Vassell, who signed a five-year, $135MM rookie scale extension earlier this month.

The exact terms of Collins’ extension aren’t yet known, but it sounds like the Spurs will give him the maximum possible veteran extension for a player earning less than the NBA’s estimated average salary ($11,958,000). The veteran center is eligible to receive a starting salary worth 40% of that figure in his new deal, with an 8% raise in year two — those terms would put him in line to earn approximately $34.82MM on the extension after making $7.7MM in 2023/24.

Collins’ extension will make him ineligible to be traded for six months, Gozlan notes, so the Spurs won’t be able to move him until the 2024 offseason.

ESPN’s Zach Lowe and Bobby Marks suggested on the latest episode of The Lowe Post podcast that a deal for Collins could be imminent. Lowe advised keeping an eye on the Spurs center as a potential veteran extension candidate, and Marks responded by saying he had heard that rumor “multiple times.”

Raptors Sign, Waive Omari Moore

October 22nd, 2023 at 7:58pm CST by Arthur Hill

7:58pm: The Raptors officially signed and waived Moore, per NBA.com’s transaction log.

11:17am: Omari Moore will be signed and waived by the Raptors as the last Exhibit 10 player for their G League affiliate, tweets Blake Murphy of Sportsnet.ca.

Because the move will occur today rather than Saturday, Moore will receive one day of salary while being on waivers for the first day of the regular season, Murphy adds. That will push the team about $12K closer to the luxury tax, according to John Hollinger of The Athletic (Twitter link).

The 23-year-old shooting guard was waived by Milwaukee on Wednesday. He signed a two-way contract with the Bucks in July after going undrafted out of San Jose State.

The Exhibit 10 contract gives Moore an opportunity to earn a bonus worth up to $75K if he spends at least 60 days with Raptors 905.

Pelicans Claim Matt Ryan Off Waivers

October 22nd, 2023 at 6:37pm CST by Alex Kirschenbaum

6:37pm: The acquisition of Ryan is now official, per a Pelicans tweet.

4:21pm: Swingman Matt Ryan has been claimed off waivers by the Pelicans, sources tell Shams Charania of The Athletic (Twitter link).

Ryan, who went undrafted out of Chattanooga in 2020, split his 2022/23 season between the Lakers and Timberwolves. The 26-year-old managed to secure a standard roster spot to start the year with the Lakers, but was cut after appearing in just 12 contests with the club.

Ryan quickly agreed to a two-way deal with Minnesota, but played sparingly for the Timberwolves as well. At the NBA level last year, he averaged 3.6 PPG on . 370/.381/.833 shooting splits, 0.8 RPG and 0.5 APG in 34 total games.

Minnesota issued a two-way qualifying offer to Ryan in June, making him a restricted free agent, and he eventually signed that QO. However, he didn’t claim a regular season roster spot and was waived by the Wolves on Friday.

The Pelicans will take on Ryan’s one-year, two-way contract, and won’t have to make a corresponding roster move, since they had an open two-way slot. Ryan joins Dereon Seabron and Kaiser Gates as New Orleans’ two-way players.

Zeke Nnaji Gets Four-Year, $32MM Extension From Nuggets

October 22nd, 2023 at 5:03pm CST by Arthur Hill

OCTOBER 22: The signing is now official, per a Denver press release.

OCTOBER 21: Zeke Nnaji has agreed to a four-year, $32MM extension with the Nuggets, agent Adam Pensack tells ESPN’s Adrian Wojnarowski (Twitter link).

The new contract includes a player option for the final season, Wojnarowski adds. Nnaji will earn $4,306,281 this year before the extension begins in 2024/25.

A 22-year-old power forward, Nnaji was selected with the 22nd pick in the 2020 draft. He has become a valuable reserve for the defending champions, averaging 5.2 points and 2.6 rebounds in 53 games last season while shooting 56.1% from the field.

Nnaji was on the court for 13.7 minutes per game in 2022/23, and he’s expected to see more playing time during the upcoming season after the loss of Jeff Green and Thomas Bryant in free agency.

Monday is the last day that teams can sign eligible players to rookie scale extensions. Those who don’t reach new agreements will become restricted free agents next summer.

Nnaji is the eighth player to agree to a rookie scale extension this year, joining LaMelo Ball, Anthony Edwards, Tyrese Haliburton, Desmond Bane, Devin Vassell, Isaiah Stewart, and Payton Pritchard.

Kings Pick Up 2024/25 Options On Murray, Mitchell, Duarte

October 22nd, 2023 at 4:40pm CST by Luke Adams

OCTOBER 22: Sacramento has officially announced that it has exercised its team options on Murray, Mitchel and Duarte.

OCTOBER 21: The Kings are exercising their 2024/25 rookie scale team options on forward Keegan Murray, guard Davion Mitchell, and swingman Chris Duarte, reports Adrian Wojnarowski of ESPN (Twitter link).

Murray’s third-year option will pay him $8,809,560 in ’24/25. It was a lock to be picked up after the fourth overall pick made the All-Rookie first team, averaging 12.2 points and 4.6 rebounds per night with a .411 3PT% last season as a full-time starter for the West’s No. 3 seed.

The fourth-year options for Mitchell and Duarte in ’24/25 will be worth $6,451,077 and $5,893,768, respectively.

The No. 9 overall pick in 2021, Mitchell was a rotation player off the bench for Sacramento last season, averaging 5.6 PPG and 2.3 APG in 80 games (18.1 MPG). He’s known more for his defensive abilities than his contributions on offense.

Duarte was acquired from the Pacers in an offseason trade and is expected to play a role on the wing for the Kings this season. He struggled with his shot and battled injuries last season, but showed promise as a two-way wing as a rookie in 2021/22 when he averaged 13.1 PPG with a .369 3PT%.

The Kings will have to exercise their fourth-year option on Murray for 2025/26 (worth about $11.1MM) by next October 31. Mitchell and Duarte are now on track to become eligible for rookie scale extensions next summer.

We’re tracking all of the 2024/25 rookie scale team option decisions right here.

Thunder Waive Jack White

October 22nd, 2023 at 2:57pm CST by Luke Adams

The Thunder have waived forward Jack White in order to get their roster to the regular season limit, the team announced today. Oklahoma City now has 15 players on standard contracts and three on two-way deals.

[RELATED: 2023/24 NBA Roster Counts]

White, 26, went undrafted out of Duke in 2020 and spent the next two years playing in his home country of Australia before coming stateside for the 2022/23 season. He was on a two-way contract with the champion Nuggets for all of last season, though he logged just 66 minutes across 17 regular season games at the NBA level.

White had a far greater role for the Grand Rapids Gold, Denver’s G League affiliate, averaging 19.2 points, 9.4 rebounds, and 1.9 assists in 33.2 minutes per game (26 contests), with a shooting line of .563/.438/.767.

The Nuggets issued White a qualifying offer, making him a restricted free agent, but withdrew it early in free agency, allowing him to sign a two-year, minimum-salary contract with Oklahoma City. Only $600K of that deal was guaranteed, however, making White a logical odd man out when the Thunder faced a roster crunch this month. OKC will remain on the hook for that $600K unless another team claims White off waivers.

Assuming he passes through waivers, White will likely receive interest from teams looking to fill out their two-way contract slots. He won’t be eligible to re-sign on a two-way deal with the Thunder, since his partial guarantee exceeded $75K.