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NBA Veterans Eligible For Contract Extensions

Last month, we listed the fourth-year players who are eligible for contract extensions of up to five years. The criteria for those players are fairly simple: If you're still playing on the rookie-scale deal you signed as a first-round draft pick and you're entering the final year of that contract, you're extension-eligible. John Wall became the first of those players to ink an extension with his current team last week, when he re-upped with the Wizards.

For veteran players, however, the criteria are a bit more convoluted. As Larry Coon explains in his invaluable CBA FAQ, veteran contracts of less than four years cannot be extended. However, longer deals can be extended in the following scenarios:

  • If a player is on a four-, five-, or six-year deal, it can be extended three years after it was signed.
  • If a player previously signed a contract extension, his deal can be extended again three years after the extension was signed.
  • If a player previously renegotiated his contract, his deal can be extended three years after the renegotiation was signed, if his salary was increased by more than 10%.

Given the specific circumstances required for a veteran contract extension, not a ton of players are eligible for them in any given year. Veteran extensions can also be for no more than four years, which includes the current season, meaning a player in the final year of his deal could only add three new seasons.

As such, top extension-eligible veterans such as LeBron James are far more likely to wait until free agency, where they can maximize their earnings. On the other hand, many other extension-eligible players like Charlie Villanueva, Richard Jefferson, and Andris Biedrins essentially have no chance of receiving new deals from their current teams, who are just waiting to clear those salaries.

Still, somewhere in the middle, there are a handful of players that we can reasonably expect to at least discuss the possibility of a contract extension with their respective teams at some point before next June. Here's the complete list, by my count, of veteran players currently eligible for extensions:

In addition to the players listed above, several players will become extension-eligible sometime before next June. Here's that list, along with the dates they become eligible to sign a new deal:

Storytellers Contracts was used in the creation of this list.

Top Scorers Still On The Market

Last week, I examined the top three-point shooters still available in free agency, for teams in need of perimeter scoring. Many of those players saw their strong three-point percentages propel them to solid scoring averages in 2012/13, but outside shooting isn't the only way of putting the ball in the net.

While many NBA teams are done with their free agent shopping, there are likely still a few clubs that wouldn't mind adding a scorer or two to supplement their benches. Taking a flier on a Summer League standout or an undrafted rookie could pay dividends, but there are plenty of veteran scorers still on the market as well.

Listed below are the top 15 remaining free agents by points per 36 minutes. Their PP36 rate for 2012/13 is listed in parentheses. To qualify, these players must have averaged at least 10 minutes per game and appeared in at least 20 contests in '12/13.

  1. Nikola Pekovic (18.6) (restricted)
  2. Richard Hamilton (16.2)
  3. Ivan Johnson (15.7)
  4. Antawn Jamison (15.7)
  5. Leandro Barbosa (15.1)
  6. Mo Williams (15.0)
  7. Jannero Pargo (14.7)
  8. Jeremy Pargo (14.6)
  9. Hakim Warrick (14.3)
  10. Cartier Martin (14.0)
  11. DeJuan Blair (13.9)
  12. Beno Udrih (13.3)
  13. Damien Wilkins (12.8)
  14. Terrence Williams (12.5)
  15. A.J. Price (12.4)

Honorable mention:

Following Specific Players On Hoops Rumors

As we've outlined before, there are a number of different ways to follow Hoops Rumors via Facebook, Twitter, and RSS. If you don't want to follow all the site's updates, you can follow team-specific or transaction-only Facebook, Twitter, and RSS feeds. Although we don't have Facebook pages or Twitter feeds for specific players, you can also easily follow all our updates on your favorite player.

If, for instance, you want to keep track of all the latest news and rumors on LeBron James as he enters a potential contract year, you can visit this page. If you're interested in keeping tabs on contract extension talks between the Kings and DeMarcus Cousins, you can find Cousins' page right here.

Every player we've written about has his own rumors page. You can find your player of choice by using our search box (located in the right sidebar); by clicking his tag at the bottom of a post where he's discussed; or, by simply typing his name in your address bar after hoopsrumors.com, substituting dashes for spaces. For example, LeBron's page is located at hoopsrumors.com/lebron-james.

In addition to players and teams, there are a number of other subjects you can track by clicking on the tags we use at the bottom of posts. Items related to the 2016 Olympics, for instance, can be found on this rumors page. If you want to follow early updates on the 2014 NBA draft, those are all available here.

Max-Salary Players And Their Widely Varying Deals

John Wall became the latest NBA player to get a maximum-salary contract this week, signing a lucrative extension with the Wizards that will kick in for the 2014/15 season. The deal puts Wall among an elite group, even though it's a collection of players that doesn't quite register as a "Who's Who" of NBA stars. Only half of the 16 players with max deals are among the 15 players who made All-NBA teams this past season. The most notable exception is LeBron James, who took less than the max to sign with Miami in 2010 and has given the Heat two titles and two MVP seasons on a discount.

Kobe Bryant, another First Team All-NBA selection, will be the highest-paid player in the NBA this coming season, due a whopping $30,453,805 salary. Still, the three-year extension he's finishing up this year wasn't worth quite as much as he could have earned. He made $24,806,250 in 2010/11, the final season under the initial terms of his contract. The Lakers could have given him an extension with a 10.5% raise for 2011/12 under the terms of the old collective bargaining agreement, but they gave him a roughly 1.8% raise instead.

The maximum salary isn't a static figure, as Luke Adams of Hoops Rumors explained last year. Instead, different players qualify for different maxes depending on their years of service, what they made on their previous contracts, and whether they re-sign with their old teams or jump to new ones. Some of the terms defining the maximum salary changed under the new CBA, causing yet more variance among the value of the max contracts on the books. Marc Gasol's deal, worth about $57.5MM, is for the max, just like Joe Johnson's nearly $124MM contract.

Technically, the Grizzlies could have signed Gasol for five years instead of four, but because the salaries he's earning in each year of the contract are the greatest amounts they could have given him, we'll count Gasol as a max player. There's quite a bit of gray area when it comes to determining who's getting the max, including negotiable points like options, trade kickers, and no-trade clauses, all of which can make an offer more or less attractive. In spite of those caveats, here's a list of the existing max players in the NBA, in descending order of contract value:

  • Joe Johnson, Nets — Six years, $123,658,089: Signed in July 2010 to a starting salary worth 30% of the salary cap, with raises worth 10.5% of the starting salary.
  • Chris Paul, Clippers — Five years, $107,343,475: Signed in July 2013 to a starting salary worth 105% of his 2012/13 pay, with raises worth 7.5% of the starting salary.
  • Deron Williams, Nets — Five years, $98,772,325: Signed in July 2012 to a starting salary worth 105% of his 2011/12 pay, with raises worth 7.5% of the starting salary.
  • Blake Griffin, Clippers — Five years, $94,538,626: Signed in July 2012 to a rookie-scale extension, and qualified for a starting salary worth 30% of the salary cap via the Derrick Rose rule. Deal includes raises worth 7.5% of the starting salary.
  • Derrick Rose, Bulls — Five years, $94,314,380: Signed in December 2011 to a rookie-scale extension, and qualified for a starting salary worth 30% of the salary cap via the eponymous Derrick Rose rule. Deal includes raises worth 7.5% raises of the starting salary.
  • Kevin Durant, Thunder — Five years, $89,163,134: Signed in July 2010 to a rookie-scale extension, and qualified for a starting salary worth 30% of the salary cap via the Derrick Rose rule. Deal includes raises worth 7.5% of the starting salary.1
  • Dwight Howard, Rockets — Four years, $87,591,270: Signed in July 2013 to a starting salary worth 105% of his 2012/13 pay, with raises worth 4.5% of the starting salary.
  • Rudy Gay, Raptors — Five years, $82,302,690: Signed in July 2010 to a starting salary worth 25% of the salary cap, with raises worth 10.5% of the starting salary.2
  • James Harden, Rockets — Five years, $78,782,188: Signed in October 2012 to a rookie scale extension with a starting salary worth 25% of the salary cap, with raises worth 7.5% of the starting salary.
  • Russell Westbrook, Thunder — Five years, $78,595,312: Signed in January 2012 to a rookie-scale extension with a starting salary worth 25% of the salary cap, with raises worth 7.5% of the starting salary.3
  • Carmelo Anthony, Knicks — Three years, $67,222,422: Signed an extension with a starting salary worth 110.5% of his 2011/12 pay, with raises worth 10.5% of the starting salary.4
  • Kevin Love, Timberwolves — Four years, $60,825,938: Signed in January 2012 to a rookie-scale extension with a starting salary worth 25% of the salary cap, with raises worth 7.5% of the starting salary.5
  • Eric Gordon, Pelicans — Four years, $58,365,563: Signed an offer sheet in July 2012 with the Suns with a starting salary worth 25% of the salary cap, with raises worth 4.5% of the starting salary. The Pelicans matched.
  • Roy Hibbert, Pacers — Four years, $58,365,563: Signed in July 2012 to a starting salary worth 25% of the salary cap, with raises worth 4.5% of the starting salary.6
  • Marc Gasol, Grizzlies — Four years, $57,503,764: Signed in December 2011 to a starting salary worth 25% of the salary cap, with raises worth 7.5% of the starting salary.7
  • John Wall, Wizards — Five years, TBA: Signed in July 2013 to a starting salary worth either 25% or 30% of the salary cap, depending on whether he qualifies for the Derrick Rose rule. The deal will have raises worth 7.5% of the starting salary.

Notes

  1. Durant and the Thunder agreed to the extension before the Derrick Rose rule came into existence, and the league recently decided to give the Thunder about half the difference between the 30% max Durant is making and the 25% max he would have gotten if the Rose rule didn't exist. Durant is also getting raises worth 7.5% of the starting salary in the extension, rather than the 10.5% he could have gotten under the terms of the CBA in place when the deal was struck.
  2. Gay's deal could have been for six years.
  3. Westbrook qualified for a starting salary worth 30% of the salary cap through the Derrick Rose rule, but his agreement with the Thunder held that he would receive a starting salary worth 25% of the cap regardless.
  4. Anthony's extension could have been for five years.
  5. Love's extension could have been for five years.
  6. Hibbert agreed to sign an offer sheet with the Blazers for the most Portland (or any team other than the Pacers) could have given him, but the Pacers indicated they would match. Rather than sign the offer sheet, Hibbert simply inked a contract with the same terms from the Pacers, who could have given him five years and raises worth 7.5% of the starting salary.
  7. Gasol's deal could have been for five years.

ShamSports was used in the creation of this post.

Top Three-Point Shooters Still On The Market

For teams still in need of outside shooting help, the pickings on the free agent market have gotten slim. The summer's top available shooters, like J.J. Redick and Kyle Korver, quickly landed lucrative long-term contracts, while mid-level types like Chase Budinger, Randy Foye, and Mike Dunleavy were also snapped up in short order.

Even less expensive players like Wayne Ellington, Dorell Wright, Mike Miller, Francisco Garcia, and others are off the board, with seemingly half of them headed to Houston to surround Dwight Howard with shooters. So for a team like the Thunder, who missed out on a few of the aforementioned guys, there aren't many attractive options left. Oklahoma City reached an agreement with Ryan Gomes this week, and while Gomes is cheap and has a career .350 3PT%, he also hasn't appeared in an NBA game since March 2012.

For the Thunder and other clubs in search of more shooting, which free agents still on the board might be fits? Listed below are the free agents with the best 2012/13 three-point percentages. At least 50 three-point attempts are required to qualify for this list, to avoid too-small sample sizes. Here are the top 15, with their '12/13 3PT% in parentheses:

  1. Royal Ivey (.420)
  2. Roger Mason Jr. (.415)
  3. Cartier Martin (.397)
  4. Mike James (.384)
  5. Mo Williams (.383)
  6. Darius Morris (.364)
  7. Chris Duhon (.363)
  8. Antawn Jamison (.361)
  9. A.J. Price (.350)
  10. Luke Babbitt (.348)
  11. Daniel Gibson (.344)
  12. Jeremy Pargo (.338)
  13. Anthony Tolliver (.338)
  14. Jerry Stackhouse (.337)
  15. Jannero Pargo (.336)

Honorable mention:

Highest-Paid NBA Players By Team

Had Brandon Jennings re-signed with the Bucks on a long-term deal, he had a good chance to become the team's highest-paid player for the 2013/14 season, since the club's current highest salary for the season is just $8MM. After Milwaukee agreed to send Jennings to Detroit in a sign-and-trade deal though, it appears the list of highest-paid players by team for 2013/14 has been set.

Of the remaining available free agents, only Nikola Pekovic has a real chance to land the sort of contract that would make him a club's highest-paid player. However, he's viewed as a near-lock to return to the Timberwolves, in which case he's not likely to challenge Kevin Love's $14.69MM '13/14 salary.

Listed below are the highest-paid players and runners-up by team for 2013/14, along with the player to whom the club has committed the most long-term guaranteeed money. For our purposes, player options and early termination options are considered guaranteed salary, while team options aren't. Amnesty victims also won't be considered here, though if they rank among the team's highest-paid players for '13/14, we'll note it at the bottom of the page.

Here's the full list:

Hoops Rumors’ 2013 Free Agent Tracker

If you haven't done so already, be sure to check out Hoops Rumors' 2013 Free Agent Tracker. Using our tracker, you can quickly browse the offseason's contract agreements, sorting by team, position, contract length, total salary, and a handful of other variables.

For instance, if you want to see all the Clippers' summer signings, you can sort by team and find all of the club's free agent additions listed here. If you're curious to see how many players signed contracts of four years or more, you can sort by contract length and bring up that list right here.

A few additional notes on the tracker:

  • Not all of the agreements listed in the tracker are finalized yet. As signings become official, we'll continue to update and modify the data as needed. This also means that many of the dollar figures listed in the tracker won't be 100% accurate yet.
  • Contract amounts aren't necessarily fully guaranteed, and are based on what's been reported to date.
  • A restricted free agent who has agreed to an offer sheet won't be listed as "signed" until his current team decides whether to match the offer. For instance, if Brandon Jennings were to sign an offer sheet with a rival team, he wouldn't be listed as "signed" until we heard whether or not the Bucks had matched the offer.

Our Free Agent Tracker can be found anytime on the right sidebar under "Hoops Rumors Features" or at the top of the page in the "Tools" menu. It will be updated throughout the offseason, so be sure to check back for the latest info. If you have any corrections, please let us know right here.

How Teams Have Used The Bi-Annual Exception

More players have signed for the bi-annual exception this summer than in any offseason since 2009. Still, few teams in recent years have made use of the tool that's available to every club with a team salary between the cap and the luxury tax apron.

This year, the bi-annual allows for a starting salary of up to $2.016MM. Contracts can be for two seasons, with a 4.5% raise allowed for year two. Nate Robinson and the Nuggets, Eric Maynor and the Wizards, and C.J. Watson and the Pacers have all agreed to the full amount. The Warriors and Jermaine O'Neal struck a one-year deal for $2MM, just a shade under the full bi-annual amount. There's dispute over whether the Timberwolves used the bi-annual for Ronny Turiaf's new contract. Eric Pincus of HoopsWorld has Turiaf's two-year, $3MM deal down for a partial amount of the bi-annual, while Mark Deeks of ShamSports lists him as having signed for part of the mid-level exception. 

Either way, that's the most bi-annual signings we've seen in a while, and there could be more on the way. The trend won't necessarily continue, since, as the name suggests, teams can't use the bi-annual two years in a row. As more teams use the bi-annual this year, fewer will be eligible to do so next year.

Here's a look at the use of bi-annual exception over the last several years. The use of the term "full amount" below refers to the starting salary, as some of those players signed for the maximum two years while others took only a one-year deal.

2013/14

2012/13

2011/12

2010/11

2009/10

2008/09

2007/08

2006/07

  1. There are conflicting reports over whether the Timberwolves used the bi-annual exception for Turiaf's deal. See the introduction above.
  2. The bi-annual exception begins to prorate downward on January 10th. Ilgauskas and Morris signed after that date. 

Storytellers Contracts and ShamSports were used in the creation of this post.

2013 Offseason Trades

Our Free Agent Tracker runs down the signings that have taken place this summer, but it doesn’t cover trades. That’s where this post comes in. As we’ve done with last year’s offseason trades and the moves during 2012/13, we’ll list all of the trades that have gone down this summer here.

Together with the free agent tracker and the 2013 draft results, you can see the full picture of the movement across the NBA landscape over the past month. For up-to-the-minute news on trades as well as other roster moves as the offseason continues, follow our transactions-only feeds via RSS and Twitter.

The moves are listed in reverse chronological order, with the latest on top. So, if a player has been traded multiple times (as often happens with draft picks), the first team listed as acquiring him here is the one that currently holds his rights.

October 25th

August 29th

August 22nd

  • Sixers acquire Tony Wroten.
  • Grizzlies acquire future second-round pick.

August 15th

July 31st

July 27th

July 22nd

  • Grizzlies acquire the draft rights to Nick Calathes.
  • Mavericks acquire fully unprotected 2016 second-round pick (the pick had been top-55 protected).

July 13th

  • Sixers acquire Royce White, Furkan Aldemir and cash.
  • Rockets acquire future draft considerations.

July 12th

  • Kings acquire Luc Mbah a Moute.
  • Bucks acquire a 2016 second-round pick and the right to swap 2018 second-round picks with the Kings.

July 12th

July 12th

  • Pelicans acquire Jrue Holiday and 2013 No. 42 pick (Pierre Jackson).
  • Sixers acquire 2013 No. 6 pick (Nerlens Noel) and a 2014 first-round pick.

July 11th

  • Timberwolves acquire Kevin Martin (sign-and-trade) and cash (from Thunder)
  • Bucks acquire Luke Ridnour and a 2014 second-round pick (from Timberwolves)
  • Thunder acquire Szymon Szewczyk (from Bucks).

July 10th

  • Warriors acquire Andre Iguodala (sign-and-trade from Nuggets) and Kevin Murphy (from Jazz).
  • Nuggets acquire Randy Foye (sign-and-trade from Jazz) and a 2018 second-round pick (from Warriors).
  • Jazz acquire Andris BiedrinsRichard JeffersonBrandon Rush, a 2014 first-round pick (from Warriors) a 2017 first-round pick (from Warriors), a 2016 second-round pick (from Warriors), a 2017 second-round pick (from Warriors), a 2018 second-round pick (from Nuggets), and cash (from Warriors).

July 10th

  • Pelicans acquire Tyreke Evans (sign-and-trade from Kings) and Jeff Withey (from Trail Blazers).
  • Trail Blazers acquire Robin Lopez and Terrel Harris (from Pelicans).
  • Kings acquire Greivis Vasquez (from Pelicans), a 2016 second-round pick (from Trail Blazers) and future second-round considerations (from Trail Blazers).

July 10th

  • Suns acquire Eric Bledsoe and Caron Butler (from Clippers).
  • Clippers acquire J.J. Redick (sign-and-trade from Bucks) and Jared Dudley (from Suns).
  • Bucks acquire a 2014 second-round pick (from Suns) and a 2015 second-round pick (from Clippers).

July 10th

July 10th

  • Trail Blazers acquire Thomas Robinson
  • Rockets acquire the rights to Kostas Papanikolaou and Marko Todorovic, a 2015 second-round pick, and a 2017 second-round pick.

June 27th

June 27th

  • Celtics acquire 2013 No. 53 pick (Colton Iverson).
  • Pacers acquire cash.

June 27th

  • Heat acquire 2013 No. 50 pick (James Ennis).
  • Hawks acquire a future second-round pick.

June 27th

  • Jazz acquire 2013 No. 47 pick (Raul Neto).
  • Hawks acquire a future second-round pick.

June 27th

  • Thunder acquire 2013 No. 40 pick (Grant Jerrett).
  • Trail Blazers acquire cash.

June 27th

  • Mavericks acquire 2013 No. 43 pick (Ricky Ledo).
  • Sixers acquire a 2014 second-round pick.

June 27th

  • Bucks acquire 2013 No. 38 pick (Nate Wolters).
  • Sixers acquire 2013 No. 43 pick (Ricky Ledo) and a future second-round pick.

June 27th

  • Wizards acquire 2013 No. 35 pick (Glen Rice Jr.).
  • Sixers acquire 2013 No. 38 pick (Nate Wolters) and 2013 No. 54 pick (Arsalan Kazemi).

June 27th

  • Trail Blazers acquire 2013 No. 31 pick (Allen Crabbe).
  • Cavaliers acquire two future second-round picks.

June 27th

  • Hawks acquire Jared Cunningham, 2013 No. 16 pick (Lucas Nogueira) and the 2013 No. 44 pick (Mike Muscala).
  • Mavericks acquire 2013 No. 18 pick (Shane Larkin).

June 27th

  • Celtics acquire 2013 No. 13 pick (Kelly Olynyk).
  • Mavericks acquire 2013 No. 16 pick (Lucas Nogueira) and two future second-round picks.

June 27th

  • Jazz acquire 2013 No. 9 pick (Trey Burke).
  • Timberwolves acquire No. 14 pick (Shabazz Muhammad) and pick No. 21 (Gorgui Dieng).

June 27th

  • Suns acquire Malcolm Lee and 2013 No. 29 pick (Archie Goodwin).
  • Warriors acquire 2013 No. 30 pick (Nemanja Nedovic).

June 27th

  • Thunder acquire 2013 No. 26 pick (Andre Roberson).
  • Warriors acquire 2013 No. 29 pick (Archie Goodwin) and $1MM cash.

June 27th

  • Warriors acquire 2013 No. 26 pick (Andre Roberson) and Malcolm Lee.
  • Timberwolves acquire a 2014 second-round pick and $1.6MM cash.

June 27th

  • Jazz acquire 2013 No. 27 pick (Rudy Gobert).
  • Nuggets acquire 2013 No. 46 pick (Erick Green) and cash.

June 25th

  • Clippers acquire coach Doc Rivers.
  • Celtics acquire a 2015 first-round draft pick.

Hoops Rumors Features

Hoops Rumors passes along the latest news and rumors on NBA player movement 365 days a year, but those aren't the only updates you'll see on the site. On our right sidebar, you'll find a number of additional features and featured posts. Here's a rundown of a few of them:

  • We're still keeping a close eye on free agency with the help of our list of 2013 free agents. If you want to look ahead to the summer of 2014, we've rounded up those free agents as well. Both lists will continue to be modified as needed.
  • Our Free Agent Tracker, which features data sortable by team, position, contract years, and contract amount, has been continually updated to include all of this summer's deals.
  • Speaking of those signings, you can read up on plenty of specific free agent cases in our Free Agent Stock Watch series. The series still includes a number of players who haven't signed, including DeJuan Blair, Greg Oden, Mo Williams, and others.
  • Free agents aren't the only players signing contracts. This year's draft picks are also inking their deals, and we've broken down the likely salaries for first-round picks, while we continue to follow which prospects have been locked up and which remain unsigned.
  • We previewed all 30 teams' summers in our Offseason Outlook series. If you missed it the first time around, you can revisit our forecasts for each team with the hindsight of knowing what moves each club has made.
  • Our agency database is a handy reference point for determining the representation for virtually every NBA player.
  • Using our 10-day contract tracker, you can find any 10-day contract signed since 2007, sorting by player, team, year, and other variables.
  • On Mondays at 4:00pm CT, I answer readers' questions in a live chat. You can check out transcripts of our past live discussions here.
  • We're tracking teams' amnesty provisions — using our complete list, you can check to see which clubs have used the amnesty clause and which will have it available next summer.
  • The Hoops Rumors glossary helps explain some of the more complex concepts in the NBA's Collective Bargaining Agreement.
  • Zach Links rounds up the best of the blogosphere every Sunday in his weekly Hoops Links feature.
  • If you're looking to catch up on a few days worth of content, our Week in Review posts round up the week's news and rumors, while our Hoops Rumors Originals posts recap the site's original content for the week. Both round-ups are published every Sunday.
  • Be sure to check out the Featured Posts section on the right sidebar for more original pieces from the Hoops Rumors writing team. Recently, we listed the players eligible for rookie-scale contract extensions, explained the subtle value of three-year contracts, and looked ahead to 2014's amnesty candidates.