2019 NBA Offseason Salary Cap Digest: Golden State Warriors
The Warriors earned a spot in the NBA Finals for a fifth straight year in 2019, but health issues slowed them down against the Raptors and now appear likely to compromise their ability to contend for a title next season. With potential free-agents-to-be Kevin Durant and Klay Thompson recovering from a ruptured Achilles and torn ACL, respectively, Golden State may be preparing to commit huge money to two players who will barely see the court in 2019/20.
Here’s where things currently stand for the Warriors financially, as we continue our Offseason Salary Cap Digest series for 2019:
Guaranteed Salary
- Stephen Curry ($40,231,758)
- Draymond Green ($18,539,130)
- Andre Iguodala ($17,185,185)
- Damian Jones ($2,305,057)
- Shaun Livingston ($2,000,000) — Partial guarantee. Non-guaranteed portion noted below. 1
- Jacob Evans ($1,925,880)
- Total: $82,187,010
Player Options
- Kevin Durant ($31,500,000)
- Total: $31,500,000
Team Options
- None
Non-Guaranteed Salary
- Shaun Livingston ($5,692,308) 1
- Alfonzo McKinnie ($1,588,231)
- Total: $7,280,539
Restricted Free Agents
- Quinn Cook ($1,931,189 qualifying offer / $1,931,189 cap hold): Early Bird rights
- Jordan Bell ($1,818,486 qualifying offer / $1,818,486 cap hold): Early Bird rights
- Marcus Derrickson (two-way qualifying offer / $1,443,842 cap hold): Non-Bird rights 2
- Damion Lee (two-way qualifying offer / $1,443,842 cap hold): Non-Bird rights 2
- Total: $6,637,359
Unrestricted Free Agents / Other Cap Holds
- Klay Thompson ($28,483,088): Bird rights
- DeMarcus Cousins ($6,404,400): Non-Bird rights
- No. 28 overall pick ($1,962,360)
- Matt Barnes ($1,618,486): Non-Bird rights 3
- Andrew Bogut ($1,618,486): Non-Bird rights
- Jonas Jerebko ($1,618,486): Non-Bird rights
- Kevon Looney ($1,618,486): Bird rights
- David West ($1,618,486): Early Bird rights 3
- Total: $44,942,278
Projected Salary Cap: $109,000,000
Projected Tax Line: $132,000,000
Offseason Cap Outlook
- Realistic cap room projection: $0
- If the Warriors let all their free agents go, they could create some cap room, but that’s extremely unlikely. Thompson, at least, is expected to sign a deal that would put the club over the cap, and Durant, Cousins, Cook, and Looney are all candidates to return too.
Cap Exceptions Available
- Taxpayer mid-level exception: $5,711,000 4
Footnotes
- Livingston’s salary becomes fully guaranteed after June 30.
- The salaries for two-way players don’t count against a team’s cap, but their cap holds do during the offseason.
- The cap holds for Barnes and West remain on the Warriors’ books because they haven’t been renounced after going unsigned in 2018/19. They can’t be used in a sign-and-trade deal.
- This is a projected value. If the Warriors don’t re-sign both Thompson and Durant, they may be able to stay out of tax territory. In that case, they could instead have access to the full mid-level exception ($9,246,000) and the bi-annual exception ($3,619,000).
Note: Minimum-salary and rookie-scale cap holds are estimates based on salary cap projections and could increase or decrease depending on where the cap lands.
Salary information from Basketball Insiders and RealGM was used in the creation of this post. Photo courtesy of USA Today Sports Images.
Michael Kidd-Gilchrist Opting In For 2019/20
Hornets forward Michael Kidd-Gilchrist has picked up his 2019/20 player option, reports Shams Charania of The Athletic (via Twitter). The move ensures that Kidd-Gilchrist locks in his $13MM salary for next season, putting him on track to reach unrestricted free agency in 2020.
Kidd-Gilchrist’s decision doesn’t come as a surprise. The former second overall pick is coming off a down year in which he averaged 6.7 PPG and 3.8 RPG in a career-low 18.4 minutes per contest. Having started all but four of 357 career games for the Hornets heading into the season, he came off the bench for 61 of his 64 contests this past year.
Kidd-Gilchrist is also currently recovering from a surgical procedure which he underwent last week to address a chronic groin strain. The 25-year-old is expected to be ready to return to action in time for training camp, according to the Hornets.
With Kidd-Gilchrist opting in, the Hornets will now have to account for three pricey player options on their 2019/20 cap, as Bismack Biyombo and Marvin Williams previously picked up theirs as well.
[RELATED: NBA Player Option Decisions For 2019/20]
In total, those three options tack on about $45MM to Charlotte’s team salary for next season, increasing the club’s total guaranteed commitments to $94MM+. That figure doesn’t include new contracts for free agents like Jeremy Lamb, Frank Kaminsky, or – most notably – Kemba Walker.
Khris Middleton Declining 2019/20 Player Option
As expected, Bucks swingman Khris Middleton will opt out of his contract, declining his 2019/20 player option to become an unrestricted free agent, agent Mike Lindeman tells ESPN’s Adrian Wojnarowski (via Twitter).
That option would have been worth $13MM, but Middleton is expected to command a long-term, maximum-salary deal on the open market, Wojnarowski tweets. According to Woj, Middleton and the Bucks intend to work together to reach a new contract agreement.
[RELATED: NBA Player Option Decisions For 2019/20]
Middleton, who will turn 28 in August, earned his first All-Star nod in 2018/19. In 77 total regular season games, he averaged 18.3 PPG, 6.0 RPG, and 4.3 APG with a shooting line of .441/.378/.837, helping the Bucks to reach the Eastern Conference Finals this spring.
While Middleton may not quite qualify as a star, his two-way abilities as a three-and-D will ensure he secures a big-time payday this summer. In addition to finishing the season as Milwaukee’s second-leading scorer, he was often tasked with the most challenging perimeter assignment on defense. He was the Bucks’ primary defender on Kawhi Leonard in the Eastern Finals, for instance.
Middleton will be eligible for a five-year contract with the Bucks worth up to a projected $189.7MM. Rival suitors could offer him up to $140.6MM over four years. If Milwaukee reaches an agreement with him early in free agency, the team could hold off on making it official, since his cap hold will only be $19.5MM — keeping that figure on the books and then eventually going over the cap to sign Middleton would allow the Bucks to maximize any cap room they might open up.
It will be a crucial summer in Milwaukee, as Malcolm Brogdon, Brook Lopez, and Nikola Mirotic are all up for new deals as well. The Bucks have reportedly explored moving Tony Snell and/or Ersan Ilyasova for added flexibility.
Photo courtesy of USA Today Sports Images.
Lakers Pursuing Second-Round Picks
As the Lakers weigh their options for filling out their roster beyond LeBron James, Anthony Davis, and Kyle Kuzma, the team is exploring the trade market for possible purchases of second-round draft picks, league sources tell ESPN’s Adrian Wojnarowski and Bobby Marks.
Unlike first-round picks, which count against the cap for 120% of the rookie scale amount whether or not the player has actually signed his contract, a second-round pick doesn’t have a cap hold until a player officially signs. Even then, many second-rounders ink minimum-salary deals that would have the same cap hold as an empty roster charge.
In other words, second-round picks could provide the Lakers with a path to acquiring young talent that doesn’t compromise the club’s cap flexibility, as Wojnarowski and Marks point out.
Teams are limited in the amount of cash they can trade in a given league year, but the Lakers still have $3.743MM at their disposal for 2018/19, and their total will reset to about $5.6MM once the new league year begins in a couple weeks. That will give the club some flexibility as it attempts to buy second-rounders and/or to find takers for players like Moritz Wagner, Isaac Bonga, and Jemerrio Jones.
[RELATED: Lakers looking to move additional players in Anthony Davis deal]
As Marks reports in a separate ESPN.com story, the Pelicans are believed to be unwilling to wait until July 30 to complete the Davis trade. Waiting until that date would allow the Lakers to maximize their cap room, since they could use the signed No. 4 pick for salary-matching purposes once his 30-day window of trade ineligibility expires. With New Orleans apparently not on board though, L.A. is exploring ways to maximize its cap room on July 6, when teams can officially begin making moves.
The scenario the Lakers are looking into would involve the team using up about $32MM in cap room on a free agent (or multiple free agents) immediately, then completing the Davis trade as an over-the-cap team. In order for the No. 4 pick to be dealt on July 6, he’d have to remain unsigned, which would mean counting as a $0 player for salary-matching purposes.
As such, the Lakers would have to include some combination of Wagner, Bonga, Jones, and/or a signed-and-traded player to match Davis’ salary. Those players would have to be involved in the same transaction as AD, but could be sent to a team (or multiple teams) besides the Pelicans.
Rockets Expected To Pursue Jimmy Butler
The Rockets came up short in their pursuit of Jimmy Butler during the 2018/19 season when the standout forward was on the trade block, despite reportedly offering a package that featured four first-round picks. With Butler on track to reach free agency this summer, the Rockets are expected to once again aggressively go after the 29-year-old, according to Brian T. Smith of The Houston Chronicle (Twitter links), who reports that Butler’s name will be atop Houston’s offseason wish list.
As Smith explains, the Rockets consider Butler an ideal fit on both ends of the court, viewing him as a piece that could push the team over the hump in the Western Conference. Per Smith, Houston’s ideal scenario would be to add Butler to its James Harden/Chris Paul pairing, despite rumors of significant discord between the two guards.
Smith’s report lines up with recent comments made by general manager Daryl Morey, who talked about the possibility of adding a third star to the Rockets’ roster this offseason.
Although the Rockets would love to add Butler and the Houston native may have interest in joining his hometown team, the club’s salary cap situation will make it difficult — especially since Butler has talked about expecting to sign a maximum-salary contract, which would start at about $32.7MM.
There’s no realistic way for the Rockets to create the cap room necessary to sign Butler to anything close to the max, so that’s likely not an option. That leaves two other potential pathways — a sign-and-trade or an opt-in-and-trade.
A sign-and-trade would require the Sixers to be on board, which means the Rockets would have to send some appealing assets Philadelphia’s way, including perhaps shooting guard Eric Gordon. Even then, salary-matching would be difficult and might require a third team to trade for Clint Capela or another Rocket. Houston would also be hard-capped in that scenario, significantly limiting the club’s flexibility.
[RELATED: Why NBA Sign-And-Trades Are Rare]
If Butler were to exercise his $19.84MM player option for 2019/20 instead of opting out as planned, it’d create a much cleaner path to a deal. The two teams could then negotiate a straight trade, like the Rockets and Clippers did two years ago when Paul wanted to play in Houston, though as with a sign-and-trade, the Sixers would have to sign off.
Additionally, Butler would presumably be reluctant to give up a longer-term, maximum-salary deal this summer unless he has assurances that such a deal would be waiting for him from the Rockets in 2020. That’s essentially what happened with Paul in 2017 — his payday was delayed until 2018, but there was never any doubt Houston would give it to him.
Of course, owner Tilman Fertitta has reportedly complained since day one about the team’s long-term investment in CP3, so it’s not clear if the club would be willing to make a similar wink-and-nod commitment to Butler.
The idea of the Rockets acquiring Butler still looks like a long shot at this point, but Morey has creatively completed deals in the past, and will certainly explore every avenue he can to do so again this time around.
Free Agent Rumors: Horford, Nets, Suns, Stokes, Rockets
In a surprising development, Al Horford is expected to leave the Celtics to sign with a new team in free agency, as we relayed on Tuesday night. As ESPN’s Adrian Wojnarowski explains in his story on the situation, the gap between what Boston was willing to offer and what Horford is seeking on a long-term deal was too significant to bridge. The Celtics and Horford’s agent Jason Glushon aren’t expected to re-open talks, Woj adds.
According to Marc Stein of The New York Times (via Twitter), there’s a belief in front office circles that Horford knows there will be a four-year offer worth $100MM+ waiting for him in free agency, which led to talks with the Celtics breaking down.
It will be fascinating to see if that sort of lucrative offer is actually on the table for a 33-year-old who battled nagging injuries last season. According to A. Sherrod Blakely of NBC Sports Boston (via Twitter), a league source says the Nets are a team to keep a close eye on, given their cap room and Horford’s connection to head coach Kenny Atkinson.
However, Kyrie Irving is believed to be headed to Brooklyn as a free agent, and Jeff Goodman of Stadium tweets that he would be “beyond surprised” if Horford teams up with Irving again after a disappointing season in Boston.
Here are a few more notes and rumors on 2019 free agency:
- While the Nets would love to pair Kevin Durant with Kyrie Irving in free agency, they have fallback options if they can’t land Durant, writes Brian Lewis of The New York Post. According to Lewis, it’s worth keeping an eye on unrestricted free agent Tobias Harris, restricted free agent Kristaps Porzingis, and trade candidate Danilo Gallinari as possible fits for Brooklyn.
- John Gambadoro of Arizona Sports 98.7 identifies another free agent point guard target for the Suns, adding Ricky Rubio‘s name to a list that already included Darren Collison, Cory Joseph, and Patrick Beverley, among others. Rubio is expected to garner the most interest out of the players in that group, Kellan Olson of ArizonaSports.com notes.
- Veteran big man Jarnell Stokes, who appeared in 28 NBA games for the Grizzlies, Heat, and Nuggets, has committed to play with the Trail Blazers in Summer League action next month, reports Hoops Rumors’ own JD Shaw (via Twitter).
- Free agent guards Ben McLemore and Jaylen Morris recently worked out for the Rockets, tweets ESPN’s Jordan Schultz.
Celtics Preparing For An Offseason Of Change
Slightly over a year ago, the overachieving Celtics were competing with LeBron James and the Cavaliers in the conference finals. The landscape in the Eastern Conference has changed dramatically over the ensuing 13 months and Boston has not been left out of the league-wide shake-up.
The franchise is now operating as if Kyrie Irving and Al Horford won’t be back. Irving has been in communication with the Celtics since the season ended and the point guard has been “forthright” about his intentions, sending both public and private signals that he’ll be departing in free agency, Shams Charania of The Athletic tweets. Brooklyn will likely be Irving’s next destination.
Early in the season, Irving declared to a packed crowd at the TD Garden that he would be re-signing the club once his contract expired. That was before a 2018/19 season in which ‘chemistry’ became a buzzword akin to the words ‘disrupter’ or ‘synergy’ in corporate speak.
A number of factors contributed to the uneasiness in Boston’s locker room. Jackie MacMullan (via Dane Delgado of NBC Sports) hears that coach Brad Stevens’ dedication to Gordon Hayward caused some issues. Stevens wanted Hayward to regain confidence and he gave the wing opportunity after opportunity on the court to show his pre-injury form.
Stevens has a history with Hayward from their Butler University days, though the coach would have taken the same approach with any player coming back from a major injury. Hayward continued to struggle, proving he wasn’t ready for the minutes and with many mouths left unfed, the crabs-in-a-barrel mentality festered.
Next season, different elements will contribute to the team’s locker room chemistry. Hayward will outlast Irving in Boston, as the veteran wing has two more years left on his deal (the final year is a player option worth slightly less than $34.2MM). Horford appears set to be elsewhere, and new faces will surround the tandem of Jayson Tatum and Jaylen Brown as the team hopes of remaining competitive in an enhanced Eastern Conference.
Last spring, the narrative out of Boston centered around how the team was ready to compete in the present but was also built for the future. The Celtics’ story is a lesson in never underestimating how much things can change in just one year.
Five Key Offseason Questions: Philadelphia 76ers
The Sixers took two major in-season gambles during the 2018/19 campaign, plucking Jimmy Butler from Minnesota and putting together a package of assets to acquire Tobias Harris from the Clippers.
The team’s five starters played in just 10 regular season games together due to various injuries and rest management. Those five saw their playoff run cut short in the second round after playing only 11 postseason games together as a group. The organization longs for an opportunity to get a larger sample size on its collection of talent.
Here are five key questions facing the franchise this summer:
1. How many starters will the Sixers bring back?
Philadelphia will face immense competition for Butler, Harris, and J.J. Redick on the free agent market.
Multiple teams are expected to offer Harris a max deal, with the Nets standing out as a noteworthy threat. The interest between Harris and Brooklyn is reportedly mutual. The Grizzlies, Jazz, Mavericks, Kings, and Pacers have all been linked to Harris as well.
Butler is confident he’ll also receive a full max and the Lakers will be among the teams looking to swoop in and steal the four-time All-Star. GM Elton Brand plans on doing everything he can to bring Butler back.
Redick’s underwhelming playoffs aside, his shooting will be coveted by many teams in the league. He made just over $12MM last year, though it’s unclear what the price range for him will be going forward as he prepares to enter his age-35 season.
The Sixers will be among the offseason winners if they can bring back all five starters and supplement them with an additional role player or two. Of the three pending free agents, I’d speculate Butler is the most likely to leave.
Stein’s Latest: Durant, Irving, Leonard, Conley
Kevin Durant has long been rumored to end up on the Knicks this summer. Even some within the Warriors’ organization believed that KD would head to the Big Apple, though Marc Stein of the New York Times hears that Golden State’s brass is now cautiously optimistic about convincing Durant to stay.
Durant’s rehab with the Warriors would come with more stability from a logistical standpoint. He would venture on his comeback journey with a staff he’s familiar with rather than entering a new environment in New York or Brooklyn.
The Knicks still desire to sign both Durant and Kyrie Irving, and they have the cap space to pursue both. Stein passes along more on the upcoming offseason in his latest piece:
- The Nets believe that Irving is leaning toward signing with them. Stein hears that Spencer Dinwiddie has been heavily involved in the recruiting of Kyrie.
- Most within the league believe the Clippers remain the favorites to sign Kawhi Leonard, Stein writes. The Raptors are not out of the running, as the team up north has a chance to convince Leonard to sign a short-term deal, presumably a two-year contract with a player option on the second year.
- Many rival teams expect the Grizzlies to trade Mike Conley soon, with the Jazz being the frontrunner. One scenario Stein hears is Utah sending a package headlined by the No. 23 overall pick and a future pick to Memphis in exchange for the point guard.
Multiple Teams Interested In Bobby Portis
The man that bet on himself this season is in position to cash in. The Lakers, Clippers, Jazz, Bucks, Magic and Knicks are among the teams expected to have interest in Bobby Portis, Chase Hughes of NBC Sports reports.
Portis turned down an extension with the Bulls earlier this season and was rumored to be seeking a deal worth $16MM annually. While it’s not clear what kind of deal Portis receive in restricted free agency, it will certainly be a raise on his 2018/19 salary of approximately $2.5MM.
The Wizards are likely to extend a qualifying offer to Portis, which will be worth about $3.6MM.
The Bulls—the franchise that drafted Portis with the No.22 overall pick in the 2015 draft—traded him to the Wizards along with Jabari Parker for Otto Porter Jr. prior to the trade deadline. Washington is expected to decline Parker’s $20MM team option for next season, though even if both players signed elsewhere, the Wizards will have trouble carving out cap room.
[RELATED: 2019 NBA Offseason Salary Cap Digest: Washington Wizards]
The franchise is looking at approximately $89MM in guaranteed salary on the books for next season. The team will have a version of the mid-level at its disposal (the taxpayer’s MLE if over the projected $132MM) and the bi-annual exception will be available if it can stay below that tax line.