Klay Thompson Signs Five-Year Max Deal With Warriors
JULY 10: Thompson’s five-year, maximum-salary contract is now official, the Warriors announced in a press release.
JULY 1: Wojnarowski provides another update on Thompson’s new contract, tweeting that it includes a 15% trade bonus. Trade bonuses can’t push a player’s salary beyond his max, so Klay wouldn’t receive it in the unlikely event he’s traded this season. That could change down the road.
JUNE 30: The Warriors and Thompson have a “done deal” in place, three sources confirm to Marc Stein of The New York Times (Twitter link). A source tells Anthony Slater of The Athletic (Twitter link) that it’s a standard five-year deal with no options and no no-trade clause.
JUNE 29: The Warriors and Thompson plan to reach an agreement on a five-year max deal shortly after free agency begins on Sunday, tweets Shams Charania of The Athletic.
JUNE 28: The Warriors are planning to offer All-Star guard Klay Thompson a five-year, maximum-salary contract when free agency opens on Sunday, reports ESPN’s Adrian Wojnarowski. According to Wojnarowski, that offer will likely accelerate Thompson’s free agency, as the two sides aren’t expected to take long to reach an agreement.
Reports this week have indicated that Thompson had considered meeting with the Lakers and Clippers if the Warriors didn’t put that five-year offer (worth a projected $189.66MM) on the table right away. However, there has been no indication – even after Thompson tore his ACL – that Golden State was wavering on making that commitment.
According to Wojnarowski, several teams that had Thompson on their wish lists have given up hope on that possibility in recent days, becoming convinced that the sharpshooter will remain in the Bay Area.
An ESPN report this morning suggested that Thompson’s camp might have been using those Los Angeles teams to create leverage to ask the Warriors for a fifth-year player option or a no-trade clause. Stephen Curry didn’t get either of those perks in his own five-year, maximum-salary deal, so Golden State may be reluctant to give them to Thompson. At this point, it’s not clear whether or not Klay’s camp intends to push for either one.
If the Warriors can lock up Thompson, they’ll be halfway to keeping their core intact for the 2019/20 season. The team also reportedly plans to offer a five-year maximum-salary (worth a projected $221MM+) to Kevin Durant.
[UPDATE: Durant has committed to the Nets]
Both Thompson and Durant – who is recovering from a ruptured Achilles – are expected to miss most or all of next season, but would be ready to go for 2020/21.
Photo courtesy of USA Today Sports Images.
Heat Sign Tyler Herro To Rookie Contract
The Heat have signed rookie shooting guard Tyler Herro to his rookie contract, the team announced in an official release. Herro, 19, was the No. 13 overall selection in last month’s 2019 NBA Draft.
Because Herro signed for the typical 120% of the rookie-scale (h/t to Ira Winderman of The Sun-Sentinel), he will earn $3,640,200 during his first year in the league and $17,188,836 over the life of the contract. If he ends up being a factor in a potential trade for Russell Westbrook, he can’t be traded for 30 days.
In his lone season at Kentucky, Herro started all 37 games he appeared in while averaging 14.0 points, 4.5 rebounds, and 2.5 assists in 32.6 minutes per game. He was named SEC Newcomer of the Year for his efforts.
As NBA cap expert Albert Nahmad notes (Twitter link), the Heat now have 14 players under contract after Herro’s signing. With a combined salary of $135.8MM, they’re $987K below the hard cap, which is not enough to add another free agent.
This is because while the rookie minimum salary is only $898K, the two-year minimum salary ($1.621MM) is used in place of the salary of a non-drafted rookie when determining a team’s salary in relation to the hard cap.
Trade Details: Napier, Graham, Warriors, Pacers, More
Eric Pincus of Basketball Insiders has provided some additional details on one of the most interesting trade sequences of the offseason, filling in the blanks on the deals that sent Shabazz Napier and Treveon Graham from Brooklyn to Golden State to Minnesota.
As previously outlined by cap guru Albert Nahmad (Twitter link), in order to match salaries in their sign-and-trade deal for Kevin Durant ($38,199,000), the Nets had to send out $30,479,200 in salaries of their own, but D’Angelo Russell‘s maximum salary was only worth $27,285,000.
Brooklyn included Napier’s ($1,845,301) and Graham’s ($1,645,357) non-guaranteed contracts to make up that $3,194,200 difference, but had to partially guarantee those salaries in order for them to count for salary-matching purposes. According to Pincus (via Twitter), the Nets did so by giving each player a guarantee worth $1,597,100.
The hard-capped Warriors, who only took on the duo in order to acquire Russell, didn’t want those contracts on their books, so they flipped them to the Timberwolves in a separate trade. According to Pincus (via Twitter), Golden State paid $3.6MM in cash to Minnesota in that deal, more than enough to cover both players’ full salaries and make it worth the Wolves’ while (Napier’s and Graham’s combined salaries total $3.5MM for 2019/20).
[RELATED: 2019 NBA Offseason Trades]
Interestingly, teams are limited to sending out a total of $5,617,000 in cash in trades during the 2019/20 league year, and the Warriors have now sent out $3.6MM to Minnesota and $2MM to Memphis (in the Andre Iguodala deal). In other words, Golden State won’t have the ability to send out additional cash later in the season in another trade.
Here are more details on recent trades:
- In the three-way trade that landed them T.J. Warren from Phoenix and three future second-round picks from Miami, the Pacers sent $1.1MM in cash to the Suns, per Pincus (Twitter link).
- The Clippers sent $110K to the Heat in the four-team Jimmy Butler sign-and-trade deal, says Pincus (Twitter link). That small amount of cash – the minimum allowable in a trade – was the only outgoing piece for the Clips in a swap that landed them Maurice Harkless, the Heat’s lottery-protected 2023 first-round pick (later included in the Paul George package), and the draft rights to 2017 second-rounder Mathias Lessort.
- In addition to getting $1.1MM from the Wizards in their three-team Anthony Davis trade, the Pelicans also received $1MM in cash from the Lakers, tweets Pincus. Pincus also notes that Washington used its trade exception from February’s Markieff Morris trade to take on Bonga’s $1.42MM salary. That exception was originally worth $8.6MM and was also used to acquire Davis Bertans ($7MM), so it has essentially been all used up.
Mavericks Notes: Kemba, Wright, Green
In the weeks leading up to free agency, the Mavericks were identified as one of the most likely suitors for free agent point guard Kemba Walker. Dallas didn’t end up landing Walker, but in an appearance on SiriusXM NBA Radio, owner Mark Cuban confirmed that the All-NBA guard was very much on the club’s radar (transcript via Dallas Morning News).
“We were interested in Kemba. That was the one name associated with (us) we were interested (in),” Cuban said. “We didn’t expect Al Horford to opt out. Who knew that would happen? So when (Walker) decided to stay closer to home and go to Boston, well, we had to adjust.”
As Cuban explains, Horford’s opt-out decision, along with Kyrie Irving‘s departure, helped clear the way for the Celtics to open up the cap room necessary to land Walker. Once Kemba was off the board, Dallas shifted its focus to another free point guard.
“When Kemba wasn’t really going to be available at the start of free agency, our first call literally was Delon Wright, because we wanted somebody that could defend next to Luka (Doncic) and most of our guys, particularly our ones (and) twos were walk-it-up guys,” Cuban said. “Delon’s a downhill guy who can defend multiple positions. We’ll work with him some on his shot, but he’s a great finisher, he can get to the rim, he’ll make the play, he helps make his teammates better, and that’s what we were looking for. Because trying to get Luka to guard point guards is not going to work.”
Let’s round up a few more Mavs-related notes, including one or two more on Wright…
- Discussing the Mavericks’ acquisition of Wright, head coach Rick Carlisle said that he believes the former Raptors and Grizzlies point guard is capable of being a starter, according to Brad Townsend of The Dallas Morning News. “I don’t know that we’ll have a full-time starting team. But we wouldn’t have made this move if we didn’t think he was a starting-caliber player,” Carlisle said. “But the way to win now is to have starting-caliber players top-to-bottom. We’re trying to get as many as we can.”
- RealGM’s traded draft pick tracker has been updated to reflect the draft picks traded by the Mavericks to the Grizzlies in the Wright deal. Per RealGM, Memphis acquired Portland’s 2021 second-round pick, plus either Dallas’ or Miami’s 2023 second-round pick (whichever is less favorable).
- In the latest episode of his Inside the Green Room podcast, Danny Green explained that he chose the Lakers over the Mavericks because he feels as if L.A. is closer to contention (link via Dallas Morning News). “As much as I wanted to be (in Dallas), I knew that was going to be a building type of deal there and it was going to take two or three years before they started getting into the contention or to contender category, I felt,” Green said. “It all depended on how KP (Kristaps Porzingis) health-wise was, Luka’s coming up. A lot of things come into factor when it came to that.”
Celtics Waive Guerschon Yabusele
4:02pm: The Celtics have officially waived Yabusele, the team announced this afternoon (via Twitter).
11:08am: The Celtics will release former first-round pick Guerschon Yabusele, reports Chris Haynes of Yahoo Sports (via Twitter).
Yabusele has a $3,117,240 cap hit for the 2019/20 season, per Basketball Insiders, so a team with enough cap room or a trade exception big enough to absorb that number could claim him. Otherwise, he’ll become an unrestricted free agent and the Celtics will be on the hook for that dead money. Boston wouldn’t owe him his $4,781,846 salary for 2020/21, since that’s a team option that has not yet been exercised.
Yabusele, the 16th overall pick in the 2016 draft, remained overseas for a year before joining the Celtics in 2017. The 6’8″ power forward didn’t make much of an impact for the club in his two seasons in Boston, averaging 2.3 PPG and 1.4 RPG in just 6.6 minutes per contest (74 games).
As Keith Smith of RealGM notes (via Twitter), waiving Yabusele will create some extra roster flexibility for the Celtics, who had been projected to have 15 players on guaranteed contracts. The club now has an open regular-season roster spot available for a 15th man.
Free Agency Notes: Celtics, Carter, Hawks, Lakers
With Guerschon Yabusele set to hit waivers, the Celtics don’t have a set plan in place for their 15th roster spot, per Adam Himmelsbach of The Boston Globe (Twitter link).
As Himmelsbach explains, Boston could simply fill that spot in the coming weeks with a player, but there’s still a good chance that there will be more change coming to the roster before opening night. It’s even possible that the Celtics will add multiple players and enter training with more than 15 players on guaranteed contracts, Himmelsbach notes (via Twitter).
While Tacko Fall has been a standout for the Celtics during Summer League play, there are currently no plans for him to slide into that 15th roster spot, according to Himmelsbach, who says the plan is still for Fall to enter training camp on an Exhibit 10 contract and proceed from there (Twitter link). The Celtics are currently back to exploring the free agent market for minimum-salary targets, tweets Mark Murphy of The Boston Herald.
As Boston considers its options, here’s more on free agency:
- The idea of the Hawks bringing back Vince Carter for another season remains a long shot, tweets Chris Vivlamore of The Atlanta Journal-Constitution. According to Vivlamore, Atlanta still may add a veteran to its roster, but doesn’t want to take minutes away from its young players, and Carter may be seeking a larger role.
- Lakers head coach Frank Vogel was among those in attendance at workouts for NBA veterans Marreese Speights and Lance Stephenson in Las Vegas today, according to Alex Kennedy of HoopsHype (Twitter links).
- An ESPN panel, including Dave McMenamin, Tim Bontemps, Malika Andrews, and others – weighs in on the most underrated and most questionable moves of the NBA offseason so far.
- After commissioner Adam Silver suggested that the NBA has some “work to do” on its free agency system, David Aldridge of The Athletic argues that the league should do away with its unenforceable tampering rules.
Warriors Waive Shaun Livingston
JULY 10: The Warriors have issued a press release to announce that Livingston has officially been waived and thanking him for “immense contributions” to the franchise. Assuming he goes unclaimed, as expected, he’ll clear waivers on Friday.
JULY 9: The Warriors have waived veteran guard Shaun Livingston, reports ESPN’s Adrian Wojnarowski (via Twitter). The move was a necessary one for the hard-capped Dubs, who needed to remove Livingston’s $7.7MM salary from their books before it became fully guaranteed.
Livingston had a $2MM partial guarantee, which the Warriors will stretch across three seasons at a rate of $666K per year. Golden State likely explored moving the 33-year-old in a trade to avoid eating that dead money, but would have had to attach an asset to him to find a taker.
According to Wojnarowski, Livingston is determined to continue his playing career after being cut by Golden State. He’ll clear waivers later this week and will likely be prioritizing contending teams as he seeks a new NBA home.
A member of the Warriors teams that have reached the NBA Finals in each of the last five years, Livingston played a regular rotation role in Golden State, averaging between 15.1 and 19.5 minutes per game in each season since 2014/15. He recorded 4.0 PPG, 1.8 APG, and 1.8 RPG in 64 games in 2018/19.
Here are a few more notes on the Warriors’ contracts and cap situation:
- Second-round pick Eric Paschall received a three-year, guaranteed minimum-salary contract, per ESPN’s Bobby Marks (Twitter link). The Warriors used the mid-level exception to give him that third year.
- The Warriors also used their mid-level exception to sign Willie Cauley-Stein, who got a two-year, $4.4MM deal with a second-year player option, tweets Shams Charania of The Athletic. That contract is worth a little more than the minimum.
- While the Warriors still have some MLE money leftover, they’re unlikely to be able to use it this year. According to Marks (Twitter link), after waiving and stretching Livingston, the team projects to be just $219K below the $138.9MM hard cap once all its moves are complete.
Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.
Contract Details: Knicks, Cook, T. Young, Mann
Details on the free agent contracts signed by the Knicks are starting to trickle in, with Bobby Marks of ESPN and Jeff Siegel of Early Bird Rights (Twitter links) providing specifics on Julius Randle‘s three-year deal.
While it was initially reported as being worth $63MM, Randle’s three-year pact with the Knicks has a base value of just $18MM in its first year, per Marks. Those cap hits increase to $18.9MM in year two and $19.8MM in year three, according to Siegel, who notes that the third year is partially guaranteed for just $4MM. The agreement has about $2MM in annual unlikely bonuses which could increase the total value into the $63MM range.
Here are details on a couple more Knicks contracts, as well as some other deals from around the NBA:
- Taj Gibson and Elfrid Payton don’t technically have second-year team options on their respective contracts with the Knicks, but their second-year salaries are only guaranteed for $1MM apiece, according to Siegel (Twitter links).
- The second season of the Lakers‘ two-year, $6MM deal with Quinn Cook is only partially guaranteed for $1MM, according to Eric Pincus of Basketball Insiders (Twitter link). It would become fully guaranteed if Cook stays on the roster through June 29, 2020.
- Thaddeus Young‘s three-year contract with the Bulls will have a total value between $40.6MM and 43.6MM, depending on whether he earns his incentives, tweets Pincus. The third year on Young’s deal is partially guaranteed for $6MM.
- The Clippers used their cap room to sign second-rounder Terance Mann to a four-year, $6.2MM contract before they went over the cap to acquire Paul George, tweets Bobby Marks. A minimum-salary deal for Mann would be worth about $6.13MM over four years, so it sounds like he may get slightly more than the minimum in his rookie season.
- Update: The first two years of Mann’s deal are guaranteed, and he’ll make $1MM in year one, tweets Siegel.
Details On Contracts For Kyrie Irving, Kevin Durant
After word broke last week that the Nets had reach agreements to sign Kevin Durant and Kyrie Irving to four-year, maximum-salary contracts, a follow-up report indicated that the two stars would take less than the max to accommodate DeAndre Jordan‘s four-year, $40MM contract with Brooklyn.
That’s still the case, but turning the acquisition of Durant into a sign-and-trade deal helped allow the Nets to give both of its new stars deals that could still be worth up to the max, via incentives. ESPN’s Zach Lowe and Bobby Marks have the specific details on those contracts, explaining that each player has about $1MM annually in incentives. Irving’s are considered “unlikely” and don’t current count toward his cap hit, while Durant’s are viewed as “likely” and are included in his current cap charge.
Irving’s contract, which has a fourth-year player option, as previously reported, has a base value of of $31,720,000 in year one, according to ESPN, which is $1MM shy of Kyrie’s max. The deal features eight separate incentives worth $125K apiece — they’ll be worth slightly more in each of his future seasons as the value of the contract increases.
He can earn $125K bonuses in 2019/20 for meeting the following benchmarks, for up to $1MM in total:
- Appear in 70 or more regular season games.
- Commit fewer than 2.4 turnovers per game (must appear in 60+ regular season games).
- Attempt at least 4.6 free throws per game (must appear in 60+ regular season games).
- Shoot at least 88.5% from the free throw line.
- Make at least 2.8 three-pointers per game.
- Commit fewer than 2.1 fouls per game.
- Nets score at least 114 points per 100 possessions with Irving on the floor in the regular season.
- Nets allow fewer than 106 points per 100 possessions with Irving on the floor in the regular season.
For more details on the odds of Irving (and the Nets) reaching those marks, be sure to check out ESPN’s breakdown.
As for Durant, his contract – which also features a fourth-year option, as previously noted – features simpler incentives.
KD’s likely $1MM bonus will be earned if any one of the following four criteria are met, according to ESPN:
- The Nets make the playoffs.
- The Nets win at least 43 games.
- Durant appears in at least 50 games.
- Durant makes the All-Star team.
Durant is expected to miss the entire 2019/20 season, so the last two benchmarks won’t be possible, but the first two are very realistic possibilities.
Depending on whether Irving and Durant reach their incentives this season, this year’s cap hits could be retroactively adjusted. Future cap hits could also be altered, depending on whether those incentives are still considered likely or unlikely after 2019/20.
Mavs Re-Sign Maxi Kleber To Four-Year Deal
JULY 10: The Mavericks have officially re-signed Kleber, per a team release.
The fact that Dallas has made this deal official signals that the club plans to function as an over-the-cap team, forfeiting potential cap room. That will allow Dallas to keep a trade exception worth about $12MM for a possible move down the road, as we detailed in a story earlier today.
JULY 1: The Mavericks have agreed to terms with restricted free agent forward Maxi Kleber, according to Marc Stein of The New York Times, who reports (via Twitter) that Kleber will sign a four-year, $35MM deal.
Tim MacMahon of ESPN.com (Twitter links) pegs the value at $33MM, but says it can be worth up to $35.9MM via incentives. The fourth year of Kleber’s new contract will be a team option, according to Stein (via Twitter).
Kleber, 27, has spent the last two seasons with the Mavericks after playing for teams in his home country of Germany for most of his professional career. In 2018/19, the 6’11” power forward was a regular part of Dallas’ rotation, averaging 6.8 PPG and 4.6 RPG with a .453/.353/.784 shooting line in 71 games (21.2 MPG).
Kleber’s raise won’t impact the Mavs’ ability to continue building their roster. Because he has a very modest cap hold of about $1.82MM, Dallas can keep that hold on its books to maximize its cap flexibility before going over the cap to sign him using his Early Bird rights.
This is the second four-year contract agreement of the day for the Mavs, who struck a similar deal with free agent guard Seth Curry.
Photo courtesy of USA Today Sports Images.