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Notable Recent September Transactions

Teams will begin training camps at the end of the month, meaning there are only a few weeks left before offseason becomes preseason in the NBA. Traditionally, that's led to more player movement in September than in August, and some significant deals have gone down in Septembers past. That wasn't the case in 2011 because of the lockout, but here are some of the transactions from years past that can give you an idea of what to expect over the next 30 days.

2010

  • September 30th: Joakim Noah agrees to a five-year, $60MM extension with the Bulls — Chicago ended an active offseason by locking up their young defensive stalwart at center long-term and keeping him from restricted free agency in 2011. The deal likely saved the Bulls quite a bit, considering Marc Gasol signed for four years and $57.5MM and DeAndre Jordan got four years and $43.04MM as restricted free agents last year.
  • September 24th: Andray Blatche signs a five-year, $35.73MM extension with the Wizards — Career highs of 16.8 points and 8.2 rebounds seemed to justify the move in 2010/11, but last year's drastic regression to 8.5 PPG and 5.8 RPG led the Wizards to use the amnesty clause to waive Blatche this summer, less than halfway into the extension. Blatche seems likely to be a part of another September transaction this year, as he's drawing interest from a handful of teams, including the Nets, as we heard today.

2009

  • September 22nd: Raymond Felton signs a one-year, $5.5MM qualifying offer from the Bobcats — Felton helped the Bobcats to the only playoff appearance in franchise history that year, but the team's inability to get him to sign long-term allowed him to bolt to the Knicks the following summer for a two-year, $14.56MM deal.
  • September 4th: Ramon Sessions signs a four-year, $16.445MM offer sheet from the Timberwolves. The Bucks decline to match — His departure cleared the way for Brandon Jennings in Milwaukee, while the Timberwolves seemed to quickly develop buyer's remorse, shipping Sessions to the Cavs after just one season. The final year of the contract was a player option worth $4.552MM, though Sessions might regret his decision not to opt in and stay with the contending Lakers this summer, as he'll wind up making only slightly more money this season with the woeful Bobcats.

2008

  • September 29th: Francisco Garcia signs a five-year, $29.6MM extension with the Kings — Sacramento shackled itself long-term to a player whose scoring, rebounding and assists-per-game averages have declined each season of the extension, which kicked in with the 2009/10 season. He's put up only 7.5 PPG, 2.3 RPG and 1.1 APG in 20.9 MPG over the life of the extension, which still has one more season left on it plus a $6.4MM team option that the Kings will almost certainly not exercise.
  • September 22nd: Goran Dragic signs a four year, $7.616MM deal with the Suns — The Suns brought aboard the Slovenian point guard whose rights they had acquired from the Spurs after San Antonio took him 45th overall in the 2008 draft. Dragic quickly established himself as a solid backup to Steve Nash, and when the Suns withdrew their qualifying offer to Aaron Brooks this summer to clear the way for Dragic to return, they more or less acknowledged the mistake they made when they traded Dragic for Brooks in 2011.

Players Who Signed After Missing 2011/12

The impression a player makes in the season before free agency is often of utmost importance, but NBA teams nonetheless handed out a total of $84.5MM this summer to seven NBA veterans who didn't play a single game in the league last year. That's less than the $119.192MM going to Brook Lopez and Eric Gordon, who combined to play in 14 games in 2011/12, but in their limited court time they at least showed glimpses of their star potential. Some players required teams to go back to 2010/11, or even farther, to see what they could do against NBA competition. 

  • Jeff Green, Celtics (four years, $36MM): Concerns about his health may have prompted a six-week delay in the official announcement of the signing, but the Celtics clearly have little doubt about Green's recovery from heart surgery and his ability to deliver on the promise that made him the fifth overall pick in 2007. It appeared the opposite was true when his aortic aneurysm was discovered in December, and the C's not only voided their one-year, $9MM pact with Green, but withdrew their qualifying offer to him as well, making him an unrestricted free agent. Remarkably, the Celtics wound up giving Green a contract that's four times as long at the same annual salary he would have made on the initial deal.  
  • Andrei Kirilenko, Timberwolves (two years, $20MM): The 10-year NBA veteran played in 2011/12, but he did so against European competition for CSKA Moscow. His numbers of 12.9 points and 6.6 rebounds in 26.4 minutes per game weren't eye-popping, but he won Euroleague MVP and Best Defender honors, and that was enough to convince Wolves GM David Kahn to bring him back stateside. After the two sides finalized the deal, Kirilenko averaged 17.5 PPG and 7.5 RPG to help lead Russia to the Olympic bronze medal. 
  • Brandon Roy, Timberwolves (two years, $10.4MM):  It looked like chronic knee problems had cut short the career of the three-time All-Star when he retired last year, and the Blazers seemed convinced that was the case when they used the amnesty clause to waive him and remove the remaining $68.699MM of his contract from their books. Roy then began to drop hints about a comeback, and wound up making it happen with the Wolves. It's unclear just how his knees will handle the rigors of an 82-game season, but simply by returning to the court, he'll cost the Blazers $17MM they would have gotten on an insurance payout if he had been "permanently disabled."
  • Aaron Brooks, Kings (two years, $6.6MM): One of a handful of players to sign in China during the lockout, Brooks never reached an agreement to return to the NBA with the Suns, who held exclusive negotiating rights with him through June. Phoenix extended a $2.97MM qualifying offer to Brooks for 2012/13, but pulled the offer when Goran Dragic came on board. Brooks fared somewhat better in unrestricted free agency, drawing a two-year, $6.6MM contract from the Kings. Brooks served mostly as a backup in 2010/11, but started all 82 games in 2009/10, averaging 19.6 PPG and 5.3 APG with a 16.0 PER, significantly better numbers than in any other season of his four-year NBA career.
  • P.J. Tucker, Suns (two years, $1.646MM): No free agent signing from this summer has been out of the league longer than Tucker, who was drafted 35th overall in 2006 by the Raptors and disappeared after just 17 games in 2006/07. He signed a two-year minimum-salary deal that's partially guaranteed for this season, but it's worth less than half of what he could have made overseas.
  • James White, Knicks (one year, $854K): White is another 2006 second-round draftee who inked a minimum-salary contract this summer. He played six games with the Spurs in 2006/07 and another four with the Rockets in 2008/09, but has otherwise been relegated to D-League and international ball.

2012 NBA Free Agent Tracker

If you haven't done so yet, be sure to check out Hoops Rumors' 2012 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 Celtics' summer signings, you can sort by team and find all of Boston's free agent additions listed here. If you're curious to see how many players signed five-year contracts, 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 100% finalized yet. E'Twaun Moore's two-year agreement with the Magic, for example, is in our database, even though the team has yet to formally announce the move. As signings become official, we'll continue to update and modify the data as needed.
  • Contract amounts aren't necessarily fully guaranteed, and are based on what's been reported to date.
  • Restricted free agents that have agreed to offer sheets won't be listed as "signed" until their current teams decide whether to match the offers. For instance, if Alonzo Gee were to sign an offer sheet with a rival team, he wouldn't be listed as "signed" until we heard whether or not the Cavs had matched the offer.

Our Free Agent Tracker can be found anytime on the right sidebar under "Hoops Rumors Features" and 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.

Top Scorers Still Available In Free Agency

After spending the week looking at the top rebounders, three-point shooters, and distributors still available in free agency, we wrap up today with a simple focus: Examining which unsigned players are the best at putting the ball in the net.

Teams still in need of a scorer aren't going to find the next Kevin Durant on the free agent market at this point, but there are still a handful of players that are capable of coming off the bench and scoring baskets in bunches.

Listed below are the top 10 remaining free agents by points per 36 minutes. Their PP36 rate for 2011/12 is listed in parentheses. To qualify, they must have averaged at least 10 minutes per game and appeared in at least 20 contests in 2011/12.

Honorable mention:

  • Donte Greene (13.2) would have made this list, but a fractured ankle figures to keep him out of action for at least the early part of the season, so he likely won't sign until 2013.
  • In late-season stints with the Cavs and Grizzlies, Lester Hudson averaged an impressive 18.8 points per 36 minutes, but only played 16 games, not quite enough to qualify for our list.
  • D.J. White (12.9) and Andray Blatche (12.7) were among the other players that just missed the cut.

Top Distributors Still Available In Free Agency

Over the course of this week, we've been looking at unsigned free agents that specialize in particular areas on the court. We examined the top remaining rebounders on Monday, and looked at the best available outside shooters on Tuesday. Today, we'll focus on the best distributors still on the market, rounding up the free agents that produced the most assists per 36 minutes in 2011/12. These guys aren't exactly Deron Williams, but they can find teammates for open shots, and should be available on the cheap.

Listed below are the top 10 remaining free agents by assists per 36 minutes. Their AP36 rate for 2011/12 is listed in parentheses. To qualify, they must have averaged at least 10 minutes per game and appeared in at least 20 contests in 2011/12.

Honorable mention:

  • Anthony Carter averaged 5.9 assists per 36 minutes, but played less than 10 MPG for the Raptors in 2011/12.
  • Baron Davis' 4.7 AP36 would have tied him with McGrady, but his torn MCL and ACL make his 2012/13 return uncertain.
  • Gaines and Pargo provide a nice combination of passing and three-point shooting, ranking among the top five on both lists. Fisher also cracks the top 10 on each list.
  • Matt Barnes' 3.2 AP36 wasn't quite enough to make the top 10 here, but it's worth mentioning, since the jack-of-all-trades was among the top 10 available rebounders and three-point shooters.

Veterans On Rookie Scale Contracts

The term "rookie scale" is something of a misnomer, since a player can still be on his rookie scale contract during his fourth year in the league. They're the standard, fixed contracts teams give to first-round picks, and they're generally team-friendly, with team options included in the third and fourth years. Since 30 new first-round picks enter the league every year, save for a couple who sign overseas, there are quite a few players on rookie scale deals. Every team has at least one, except the Lakers. The Wizards have the most, with six, and that doesn't include Bradley Beal, their first-round pick from June. For more on how rookie scale contracts work, check out our Hoops Rumors Glossary entry.

We've listed all the veterans on rookie scale contracts here, by team, along with the last season of the deal in parentheses. The list doesn't include Blake Griffin and Serge Ibaka, who are still on rookie contracts for 2012/13, but who have signed extensions that will kick in the following season.

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Top Outside Shooters Still Available In Free Agency

As I outlined yesterday when I examined the top rebounders still available on the free agent market, a player that specializes in a specific aspect of the game can be appealing to teams that just need to fill one or two holes heading into camp. If a club feels like its roster is set, but wouldn't mind adding a three-point specialist, there are options still available on the cheap.

So after looking at the top remaining rebounders yesterday, let's shift gears today and examine the best unsigned outside shooters. Listed below are the free agents with the best 2011/12 three-point percentages. At least 50 three-point attempts are required to qualify for this list, to avoid small samples. Here are the top 10, with their 11/12 3PT% in parentheses:

Honorable mention:

  • A few players with solid percentages just barely missed our 50-attempt cutoff: Maurice Evans and E'Twaun Moore each shot 37.8% on 45 attempts, while Terrence Williams posted a 34.8% mark on 46 tries. Tracy McGrady, meanwhile, took just 33 threes, but made 15 of them, for a blistering 45.5%.
  • A handful of players with good career averages had poor years in 2011/12. Among them: Jason Kapono (career 43.4%) and Ryan Gomes (career 35.0%).
  • Matt Barnes was the only player to appear on both this list and our list of top rebounders.

Top Rebounders Still Available In Free Agency

With September fast approaching, most GMs and team executives will tell you they're happy heading into camp with their current rosters at this point. But that doesn't mean there isn't still one particular area of need that a GM wouldn't mind addressing. A team could be targeting a backup point guard, a three-point shooter, a wing defender, or another kind of specialist.

With that in mind, let's consider teams still in need of a rebounder. Elite rebounders like Marcus Camby, Ersan Ilyasova, and Kris Humphries are no longer available, but there are still a handful of players that could grab boards on the cheap.

Listed below are the top 10 remaining free agents by rebounds per 36 minutes. Their RP36 rate for 2011/12 is listed in parentheses. To qualify, they must have averaged at least 10 minutes per game and appeared in at least 20 contests in 2011/12.

Honorable mention:

Largest Pay Cuts From 2011/12 To 2012/13

For a good chunk of this summer's free agents, a newly-signed contract not only provided long-term security but also means a huge bump in annual salary. Take Roy Hibbert, for instance — after earning a salary of about $2.59MM in 2011/12, Hibbert will make close to $13.67MM in 2012/13, an increase of over $11MM.

Not every free agent made out nearly as well as Hibbert did though. For a handful of players, this offseason's free agency meant taking a significant pay cut in salary. Some players had no choice in the matter, while others were willing to accept a discount if it meant landing in the right situation. Here are the players whose annual salary will decrease the most from 2011/12 to 2012/13:

Antawn Jamison
11/12: $15,076,715 (Cavaliers)
12/13: $1,352,181 (Lakers)
Difference: $13,724,534

Tim Duncan
11/12: $21,164,619 (Spurs)
12/13: $9,638,554 (Spurs)
Difference: $11,526,065

Kevin Garnett
11/12: $21,247,044 (Celtics)
12/13: $11,550,000 (Celtics)
Difference: $9,697,044

Jason Kidd
11/12: $10,121,000 (Mavericks)
12/13: $3,090,000 (Knicks)
Difference: $7,031,000

Ray Allen
11/12: $10,000,000 (Celtics)
12/13: $3,090,000 (Heat)
Difference: $6,910,000

Marcus Camby
11/12: $11,227,250 (Rockets)
12/13: $4,590,338 (Knicks)
Difference: $6,636,912

Chris Kaman
11/12: $14,030,000 (Hornets)
12/13: $8,000,000 (Mavericks)
Difference: $6,030,000

Additional notes:

  • Rashard Lewis' drop from $21,136,631 in 2011/12 to $1,352,181 in 2012/13 would be the largest decrease by far, if not for the buyout he received from the Hornets. Without seeing the specific wording in Lewis' contract(s), we can't know for sure what his exact 2012/13 salary will be, but even if he receives his reported $13,699,551 buyout in full this year, his overall annual salary still took a $6MM+ hit.
  • Mehmet Okur and Leandro Barbosa are two more likely candidates to take significant pay cuts. They made $10.89MM and $7.6MM respectively a year ago, and remain unsigned so far this offseason.
  • It should probably come as no surprise that every player listed above landed with a contending team. If productive veteran players are going to play for less money, most prefer to do it for contenders in major markets.
  • Honorable mentions to Jason Terry, Kirk Hinrich, Carl Landry, Grant Hill, Raymond Felton, Kwame Brown, Hasheem Thabeet, Ronnie Brewer, and Martell Webster, who will all take pay cuts of $3.5MM+, by my calculations.
  • Amnestied players are not included here, since they continue to receive pay checks based on their old contracts.

How Restricted Free Agents Fared This Summer

Deron Williams' $98MM+ contract represented the biggest deal of his summer's free agent period by far, but Williams is the only unrestricted free agent you'll find among the offseason's top five largest contracts. Rounding out the top of the list? Restricted free agents Brook Lopez, Roy Hibbert, Eric Gordon, and Nicolas Batum.

While Lopez, Hibbert, and Gordon landed max deals, not every restricted free agent made out quite so well. Most players were able to improve at least marginally on the one-year qualifying offers their teams offered, but there were a handful of instances where the player may simply have been better off accepting his QO.

Besides the four restricted FAs listed above, the following players made out very well in free agency, landing big, multiyear deals: JaVale McGee, George Hill, Ryan Anderson, Jason Thompson, Omer Asik, Jeremy Lin, Landry Fields, Danny Green, Darrell Arthur, and Marreese Speights. And while Courtney Lee was made unrestricted by the time he signed, his four-year deal represents a big win as well. Lavoy Allen, Aaron Brooks, and Jeremy Evans also did okay, landing multiple years and modest raises.

Let's take a look at the rest of this summer's restricted free agents to see how they fared:

  • Robin Lopez: Lopez's three-year, $15.3MM contract looks nice on paper, but only the first year is guaranteed, for less than $5MM. Still, even that's a slight improvement on the $4MM qualifying offer he had from the Suns.
  • Greg Stiemsma: Stiemsma's QO was only worth about $1.05MM, so even though he only earned one guaranteed year from the Timberwolves, the raise to $2.58MM made it worthwhile.
  • Brandon Rush: The two-year, $8MM deal Rush signed with the Warriors is solid, but his qualifying offer was actually worth slightly more than his $4MM 2012/13 salary. Rush has a player option in the second year of the deal, which provides a level of security that a one-year deal wouldn't, so even if he opts out next summer, he shouldn't have any regrets about not simply accepting his QO.
  • D.J. Augustin: The Bobcats pulled their $4.39MM QO to Augustin right before he signed with the Pacers for one year and $3.5MM. That's not an insignificant amount Augustin gave up by not returning to Charlotte, but given the team's performance last year, maybe the change of scenery was worth it.
  • Jerryd Bayless: Bayless' overall guarantee from the Grizzlies (about $6.1MM) is larger than the amount of his QO (about $4MM), but his salary for 2012/13 will be just $3MM. The Raptors withdrew their offer to Bayless fairly early in July, but perhaps the combo guard would do things differently if had a second chance at free agency.
  • A.J. Price: The Pacers rescinded their qualifying offer to Price early in the free agent period, and it cost the point guard a little money. He ended up signing with the Wizards for the minimum salary ($885,120) rather than his $1.09MM QO.
  • Derrick Brown: The Bobcats pulled their QO to Brown, who remains unsigned. It looks like that $1.09MM offer will be more than Brown lands now.
  • Semih Erden / Sonny Weems: We don't know exactly how much Erden signed for in Turkey, but considering he inked a two-year pact with a third-year option, he probably made out just fine. Ditto for Weems, who signed a three-year deal with CSKA Moscow after the Raptors withdrew their qualifying offer.
  • Devin Ebanks / Darius Morris / Luke Harangody: These players simply re-signed their qualifying offers to return to their respective teams.
  • Patty Mills: Mills also re-signed for the amount of his qualifying offer, but added a second-year option to his new contract. There are conflicting reports on whether it's a team or player option, but a player option would make more sense — otherwise, Mills would've been better off simply accepting the QO.
  • Alonzo Gee / Ivan Johnson: The only two remaining unsigned restricted free agents, they still have a few weeks to either accept their qualifying offers or work out new deals.