Because Porter’s first-year salary will only be about $6MM, Toronto isn’t using more than the taxpayer portion ($6.48MM) of the mid-level exception to complete his deal and won’t be hard-capped as a result of the signing.
However, if the Raptors want to give second-round pick Christian Koloko a starting salary higher than the minimum and/or a deal longer than two years, they would need to use a portion of the MLE, meaning they’ll exceed the taxpayer MLE limit and would have a hard cap of $156.98MM for the 2022/23 league year.
Here’s more from around the Atlantic:
- In assessing the Knicks‘ offseason moves to date, Zach Braziller of The New York Post suggests that the club could still use one more wing after trading Alec Burks to Detroit. Here’s our list of the free agent wings who are still on the board.
- Ethan Fuller of BasketballNews.com takes a look at how Malcolm Brogdon will fit in with the Celtics and what the acquisition means for the team going forward.
- Sixers big man Paul Reed won’t be on the team’s Las Vegas Summer League roster, but he’s suiting up for the 76ers at the Salt Lake City Summer League this week and will look to show he deserves a regular spot in the team’s rotation next season. “I mean it’s an opportunity for me to get better, honestly,” Reed said, per Keith Pompey of The Philadelphia Inquirer. “I feel like going into next season, I have a chance to show them what I’ve been working on, so I can prove my value. That’s kind of my mindset. I just want to get better.”