2016/17 NBA Free Agents

Knicks Rescind Langston Galloway’s Qualifying Offer

The Knicks have rescinded their qualifying offer to shooting guard Langston Galloway, making him an unrestricted free agent, sources told Ian Begley of ESPN.com. Galloway’s qualifying offer was worth $2.725MM.

The move was likely made to fit Brandon Jennings contract offer into cap space, Begley continues. The former Bucks, Pistons and Magic point guard agreed to a one-year, $5MM deal with New York on Monday. Galloway could still re-sign with the Knicks but rescinding the QO obviously reduces their bargaining power, since they could have matched an offer when he was a restricted free agent.

Galloway appeared in all 82 games in his second season with the Knicks, though he started just seven games. He averaged 7.6 points, 3.5 rebounds and 2.5 assists in 24.8 minutes while shooting 39.3% from the field.

The club has not renounced free agent forward Lance Thomas, so it can use Early Bird rights to sign him to a contract worth a maximum of approximately $6.2MM, Begley adds.

Several teams have shown an interest in signing Galloway, and Thomas also has a number of suitors, including the Thunder, Timberwolves, Nets and Hawks, Begley previously reported.

Magic Rescind Dedmon’s Qualifying Offer

The Magic will rescind their qualifying offer to Dewayne Dedmon, making the 7-foot center an unrestricted free agent, Josh Robbins of the Orlando Sentinel tweets. Dedmon had gone into the free agent market as a restricted free agent after the Magic made a qualifying offer of $1,215,696.

Dedmon, who will be entering his fourth season in the league, has received some interest from the Warriors, who are seeking a rim protector to round out their roster, according to Alex Kennedy of Basketball Insiders (Twitter link). Removing Dedmon from their roster gives the Magic more wiggle room to sign Raptors free agent center Bismack Biyombo, who committed to Orlando for four years and $72MM.

The pending acquisition of Biyombo, along with the presence of Nikola Vucevic, made Dedmon expendable. Recently-acquired Serge Ibaka can also slide over to the middle, if necessary.

Dedmon appeared in 58 games with the Magic last season, including 20 starts. He averaged 4.4 points and 3.9 rebounds in 17.2 minutes.

Top 50 NBA Free Agents Of 2016

The NBA’s free agent period is about to get underway, and it should be a fascinating month of July. With the salary cap expected to rise at least $24MM, from $70MM to $94MM, teams around the NBA will have more money than ever to spend on available players, and there will likely be some sticker shock on some of the deals signed this summer.

While the free agent recruiting period begins on July 1st at 12:01am eastern time, teams aren’t permitted to finalize any signings until the July moratorium lifts on July 7th at 12:01am. During the next six days, however, we can count on teams and players reaching tentative agreements — as last year’s DeAndre Jordan saga taught us though, those agreements are hardly set in stone.

With free agency set to begin, be sure to check out our full list of 2016 free agents, and use our 2016 free agent tracker to keep tabs on the latest contract agreements.

Here’s our breakdown of the top 50 NBA free agents on the market this summer:

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Timberwolves Decline Option On Damjan Rudez

The Timberwolves will decline the $1.2MM team option on small forward Damjan Rudez, making him an unrestricted free agent, Adrian Wojnarowski of The Vertical tweets. Rudez only appeared in 33 games for Minnesota last season, averaging 2.3 points in 8.4 minutes.

The 30-year-old Rudez saw considerably more playing time in his first season in the league, appearing in 68 games with the Pacers during 2014/15 while averaging 4.8 points in 15.4 minutes. He was traded to Minnesota last July in exchange for Chase Budinger. His most attractive skill is his long-distance shooting — the 6’9” Rudez has averaged 39.1% on 3-point attempts during his short NBA career.

Rudez spent most of his career in Europe, most recently with CAI Zaragoza of Spain, before signing with Indiana. He was a three-time Croatian League All-Star.

The young, steadily improving Timberwolves didn’t have a rotation spot for Rudez, as he languished behind Andrew Wiggins and Shabazz Muhammad.

Grizzlies Decline Option On Lance Stephenson

The Grizzlies declined Lance Stephenson‘s $9.4MM team option, making him an unrestricted free agent, sources told Shams Charania of The Vertical (Twitter link). Memphis is interested in re-signing Stephenson but other teams will pursue him, Charania adds.

Stephenson was traded by the Hornets last summer to the Clippers in exchange for Spencer Hawes and Matt Barnes. He was shipped to the Grizzlies at the trade deadline, along with a future first-round pick, for Jeff Green. Stephenson had a good run with the Grizzlies, averaging 14.2 points and 4.4 rebounds in 26 games for a club decimated by injuries. He averaged 13.0 points in the playoffs when the Grizzlies were swept by the Spurs in the Western Conference playoffs.

He wasn’t a factor for the Clippers, averaging 4.7 points in 43 games.

This isn’t Stephenson’s first foray into the free agent market. He left the Pacers to sign a three-year, $27MM contract with the Hornets in 2014. The 6’5” swingman was a huge disappointment in his lone season with Charlotte, averaging 8.2 points while shooting 37.6% from the field.

The Grizzlies have plenty of small forwards and shooting guards on the roster, pending free agency, though several are in the waning years of their careers. That group includes Jordan Adams, Tony Allen, Matt Barnes, Vince Carter, P.J. Hairston and rookie Rade Zagorac.

Warriors May Pursue Dirk Nowitzki

The Warriors could make a run at Dirk Nowitzki if they fail in their pursuit of top free agent target Kevin Durant, Tim Kawakami of the San Jose Mercury News reports.

Warriors owner Joe Lacob and GM Bob Myers have bounced around the idea of adding the Mavericks’ longtime franchise player, who is expected to opt out of his contract and become an unrestricted free agent, Kawakami continues. Nowitzki made just $8,333,334 last season in a team-friendly deal that helped them sign free agents Wesley Matthews and Chandler Parsons. He is scheduled to make $8,692,184 next season.

Lacob told reporters after Game 7 of the NBA Finals on Sunday, including ESPN’s Marc Stein, that the club will be “very aggressive” in pursuing roster changes this offseason.

Nowitzki could be the team’s starting center in place of Andrew Bogut, or head the second unit as an upgrade over Marreese Speights or Festus Ezeli, Kawakami points out. However, landing Durant is the top priority while Nowitzki would be a next-­tier discussion for the Warriors, who are unsure if Nowitzki would seriously consider leaving Dallas after spending his entire career there, Kawakami adds.

As Eddie Sefko of The Dallas Morning News recently reported, Nowitzki was leaning toward signing a two- or three-year deal with the Mavericks. But if Nowitzki believes the franchise is too far away from serious title contention, he may be persuaded to join a team like the Warriors in pursuit of a second ring. The Mavericks defeated the Heat in the 2011 Finals.

Dallas was 42-40 this past season and lost in the opening round of the playoffs after its top free agent target last summer, DeAndre Jordan, spurned them at the last minute and rejoined the Clippers.

Raptors Guard DeMar DeRozan Officially Opts Out

Raptors shooting guard DeMar DeRozan has officially opted out of his contract and will become an unrestricted free agent, league sources informed Chris Haynes of the Cleveland Plain Dealer (Twitter link). The deadline for the decision is Wednesday.

It was a foregone conclusion that DeRozan would test the free agent market. DeRozan was due to make $10.35MM in the final year of his deal but he’ll be worth much more on the open market, considering his banner season. He made his second All-Star game while averaging a career-high 23.5 points, 4.5 rebounds and 4.0 assists during the regular season. The 6’7” DeRozan even improved his subpar long-distance shooting to a respectable 33.8% in 3-point tries. DeRozan averaged 20.9/4.2/2.7 in the postseason as Toronto reached the Eastern Conference Finals before succumbing to the Cavaliers.

The Raptors are optimistic of keeping DeRozan, who expressed his desire to re-sign with the club during a post-playoff media session.

“My mindset has always been Toronto,” he said. “I always preached it. I was passionate about it when we was losing. When we was terrible, I said I’m going to stick through this whole thing and I want to be that guy who brings this organization to where it is now. I definitely don’t want to switch up after we win.

Toronto GM Masai Ujuri said during his postseason press conference that retaining DeRozan is the team’s top offseason priority, though he deflected a question on whether DeRozan was worth a max deal.

Bismack Biyombo Opts Out Of Contract

June 6th: 10:20pm: Biyombo has officially opted out, Eric Pincus of Basketball Insiders tweets.

May 28th 9:10pm: Raptors center Bismack Biyombo will decline his $2.9MM option for next season and become an unrestricted free agent, sources told ESPN.com’s Marc Stein. Biyombo’s floor in contract negotiations is anticipated to be $15MM annually, thanks to the impending salary-cap increase (Twitter links).

Biyombo’s stock rose dramatically during the Eastern Conference playoffs, when his playing time spiked after Jonas Valanciunas was injured. He averaged 5.5 points, 8.0 rebounds and 1.6 blocks while appearing in every regular-season game, then bumped those averages to 6.2/9.4/1.4 in 20 playoff games.

He had two double-doubles in the Eastern Conference semis against the Heat, including a 17-point, 16-rebound outburst in Game 7. He also had a 26-rebound effort against the Cavaliers in Game 3 of the conference finals.

An Eastern Conference GM told Sean Deveney of The Sporting News earlier this week that Biyombo could command a salary in the $16-17MM annual range, while another said that a contract averaging $20MM per season is a possibility.

Biyombo has been in Toronto for just one season, so the team only holds his Non-Bird rights. That means that, unless the Raptors renounce DeMar DeRozan‘s rights or get creative elsewhere on the roster, there’s virtually no chance that the club can retain Biyombo if he receives offers of $15MM or more per season. The Raptors already have nearly $70MM in guaranteed contracts on their books for next season.

NBA, NBPA Agree To Shorten Moratorium

The NBA and National Basketball Players Association have agreed to shorten the free agent moratorium to five days, sources told Adrian Wojnarowski of The Vertical on Yahoo Sports. This year’s free agency moratorium will last from July 1st-6th. Free agent contracts can now be signed much sooner after verbal agreements are reached, Wojnarowski points out. (Twitter links).

The league office sent a memo Thursday to team owners, front-office executives, financial representatives and team counsels regarding the change, Jeff Zillgitt of USA Today tweets. Any changes to the current collective bargaining agreement typically require a side letter signed by the league and the players, and rules regarding the moratorium fall under the CBA, Bobby Marks of The Vertical notes (Twitter link).

The moratorium lasted until July 9th during last season’s free agency period and controversy arose over DeAndre Jordan‘s late switch during his unrestricted free agency. Jordan made a verbal agreement with the Mavericks, then changed his mind and remained with the Clippers after some heavy lobbying by his Los Angeles teammates. A shorter free agency period will make it more difficult for such flip-flops to take place once a verbal agreement is reached.

The moratorium period gives the NBA a chance to audit its finances, project next season’s revenue and set salary cap levels. Those salary cap levels determine crucial financial items such as maximum and minimum player salaries, the luxury tax threshold, and signing tools such as the mid-level exception.

The moratorium was to run through July 11th for this summer and next prior to Thursday’s agreement, so this speeds up the free agency process by nearly a week, as Eric Pincus of Basketball Insiders points out. The fact that the NBA and NBPA were able to find common ground on this issue bodes well for future negotiations, Pincus adds (Twitter links).

2016 NBA Free Agents

In the space below, you’ll find our full list of 2016 free agents. These are players who are eligible for restricted or unrestricted free agency after the 2015/16 season. Restricted free agents are marked with an (R), and we’ve sorted all players by position.

If you have any corrections or omissions, please contact us. For instant free agent updates, be sure to download our free iOS and Android app, follow us on Twitter @hoopsrumors, at Facebook.com/hoopsrumors, or through an RSS reader using the URL hoopsrumors.com/feed.

Updated 4-15-17

Point Guards

Shooting Guards

Small Forwards

Power Forwards

Centers