Malik Monk‘s two-year deal with the Kings is worth approximately $19.42MM in total, with a first-year salary of $9.47MM, Hoops Rumors has learned. While Sacramento used most of the mid-level exception to bring Monk aboard, the team still has $1,017,781 left on the MLE, which is the exact value of the rookie minimum salary.
The Kings didn’t have a second-round pick in this year’s draft, so that leftover mid-level money won’t go to a 2022 draftee. But the club may have it earmarked for a player like Sasha Vezenkov, a 2017 second-rounder whose draft rights were acquired from Cleveland last month. Using that leftover mid-level money, Sacramento could offer Vezenkov – or another player – a minimum-salary deal that exceeds two years.
Here are a few more details on recently-signed contracts from around the NBA:
- As expected, Joe Ingles got the full taxpayer mid-level exception ($6.48MM) from the Bucks, while Bobby Portis‘s four-year deal is worth the most he could receive using his Early Bird rights ($48.58MM), Hoops Rumors has learned. Portis’ contract includes a 15% trade kicker and a fourth-year player option.
- Wesley Matthews‘ new deal with the Bucks is a one-year, minimum-salary contract, while the team used Jevon Carter‘s Non-Bird rights to give him a first-year salary ($2.1MM) worth a little more than his minimum ($1.97MM). Carter’s second-year player option is for the veteran’s minimum.
- Kessler Edwards‘ two-year deal with the Nets, which features a second-year team option, is – as expected – worth the minimum.
- Luguentz Dort‘s five-year contract with the Thunder includes a team option in year five and has a total base value of $82.5MM. It can be worth up to $87.5MM if Dort earns $5MM in total unlikely bonuses ($1MM annually), tweets ESPN’s Bobby Marks.
- Tyus Jones‘ two-year deal with the Grizzlies begins at $15MM and declines to $14MM in 2023/24, per Marks (Twitter link). The deal includes an additional $1MM in unlikely incentives related to the team’s performance, Marks adds.