Suns’ Devin Booker Signs Four-Year Super-Max Extension
JULY 6: Booker has officially signed his contract extension with the Suns, according to NBA.com’s transactions log. Booker confirmed as much, tweeting, “Signed sealed delivered.”
JUNE 30: Devin Booker is set to sign a four-year, super-max extension with the Suns as early as next week, sources tell Shams Charania of The Athletic and Stadium (Twitter link).
The 13th pick of the 2015 draft, Booker has spend his entire seven-year career with Phoenix. He’s been an All-Star each of the past three seasons, but more importantly, at least from a financial perspective, Booker was named to the All-NBA First Team last season, which made him eligible for the super-max, also known as the Designated Veteran Extension.
The 25-year-old is still under contract for a total of $69.83MM through 2023/24, so his extension won’t kick in until ’24/25. The deal will tentatively be worth $214MM from 2024-28, per Charania.
Booker led the Suns to a 64-18 regular season record last season, the best mark in the NBA by a full eight games. However, the team fell to the Mavericks in the second-round of the playoffs, losing in embarrassing fashion at home in Game 7.
Despite the disappointing ending, in many other ways it was a resounding success for both Booker and the Suns, who set a franchise record for wins. Booker averaged 26.8 PPG, 5.0 RPG, 4.8 APG and 1.1 SPG on .466/.383/.868 shooting in 68 regular season games (34.5 MPG) while showing improved defense.
Booker has also been an impressive postseason performer over the past couple seasons, helping lead the team to the Finals in ’20/21. He’s averaged a combined 26.1 PPG, 5.4 RPG and 4.5 APG on .448/.356/.900 shooting in 32 career playoff games (39.2 MPG).
Contract Details: Monk, Bucks, Edwards, Dort, Jones
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.
Heat Re-Sign Caleb Martin To Three-Year Deal
9:25pm: The Heat have officially re-signed Martin, the team announced in a press release.
“Caleb is a multi-position player with tremendous energy that had a career year with us,” Heat president Pat Riley said in a statement. “He works hard and deserves this as much as any young player in the league. We are extremely happy he has decided to come back.”
11:26am: One of the NBA’s top remaining restricted free agents is coming off the board, according to Anthony Chiang, who reports (via Twitter) that the Heat and forward Caleb Martin are in agreement on a three-year contract worth “about” $20.5MM.
The Heat only held Martin’s Non-Bird rights entering this offseason, limiting their ability to offer him much of a raise after he finished the 2021/22 season on a minimum-salary contract. The terms reported by Chiang indicate that Miami will use the taxpayer portion of its mid-level exception to re-sign Martin and ensure that he gets a substantial pay bump.
As our breakdown of this season’s MLE values shows, a three-year deal worth the full taxpayer mid-level exception would top out at about $20.4MM. Martin’s deal will be fully guaranteed, sources tell Chiang (Twitter link).
Martin emerged as an important piece off the bench in Miami this past season, averaging 9.2 PPG and 3.8 RPG on .507/.413/.763 shooting in 60 games (22.9 MPG), which earned him a promotion from his two-way contract. He opted to just have his two-way deal converted into a rest-of-season contract rather than negotiating a multiyear deal, perhaps recognizing that he’d have a better chance of securing a raise in the offseason than he would have in February.
It turned out to be shrewd move by Martin and his representatives, as the $20.4MM in guaranteed money dwarfs his career earnings to this point. With P.J. Tucker‘s departure to Philadelphia, the 26-year-old Martin could be in line for a bigger role with the Heat in 2022/23.
As John Hollinger of The Athletic observes (via Twitter), signing Martin at the taxpayer mid-level exception likely means Miami will fill out the remainder of its roster with minimum-salary players in order to stay below the tax apron and maintain financial flexibility.
Trail Blazers Sign Anfernee Simons To Four-Year Contract
JULY 6: Simons’ new deal is now official, the Trail Blazers confirmed in a press release.
“Anfernee is already one of the league’s top shooters and this past season he showed elite ability as a shot creator and distributor,” GM Joe Cronin said as part of a larger statement. “We are excited for him to continue the growth he has shown in his first four seasons in Portland.”
The team announced its new deal with center Jusuf Nurkic within the same release.
JUNE 30: The Trail Blazers and restricted free agent guard Anfernee Simons have agreed to a four-year contract worth $100MM, agent Bill Duffy tells Adrian Wojnarowski of ESPN (Twitter link).
Reports leading up to free agency suggested Simons would likely be in line for a deal worth $80MM over four years, so it appears he did better than anticipated. It’s also possible that $100MM is the max Simons could earn on the new contract after incentives and the base value is lower.
Simons, who turned 23 earlier this month, had a breakout fourth season with Portland, posting career-highs in points (17.3), rebounds (2.6) and assists (3.9) in 57 games (30 starts, 29.5 minutes per night). He also had a very respectable .443/.405/.888 shooting line, good for a 58.3 true shooting percentage.
While Simons certainly earned a significant raise on the $3.9MM he made last season, there are some questions about how he might fit next to another ball dominant player like fellow guard Damian Lillard. Simons’ emergence came on the heels of injuries to Lillard and CJ McCollum, who was later traded to New Orleans.
For example, Simons averaged 12.1 points, 2.4 rebounds and 2.0 assists on .426/.385/.935 shooting (55.1% true) in 27 games (24.1 minutes) as a reserve in 2021/22, versus 22 points, 2.8 rebounds and 5.5 assists on .452/.415/.871 shooting (60% true) in 30 games (34.3 minutes) as a starter. He functioned as the primary ball-handler while starting and thrived in the role.
Simons is an excellent athlete, but he’s not very strong and has been a poor defender to this point in his career. Still, he’s young and could improve with time.
Patrick Baldwin Jr. Signs With Warriors
The Warriors have signed first-round pick Patrick Baldwin Jr., the team announced on Twitter.
Assuming Baldwin receives 120% of the rookie scale, which is standard, his salary will be $2.2MM for his first season and $11.4MM over the four-year contract.
Baldwin was a highly touted high school player whose draft stock tumbled after a disappointing season at Wisconsin-Milwaukee, where he played for his father. An ankle injury limited him to 11 games and he averaged 12.1 points and 5.8 rebounds per night while shooting 34.4% from the field and 26.6% from three-point range.
Golden State felt Baldwin was worth the gamble with the 28th overall pick, and the Warriors can afford to give the 19-year-old forward time to develop.
Northwest Notes: Gobert, Hardy, Holmgren, Sharpe
Minnesota fans have been some of Rudy Gobert‘s harshest critics, but that’s going to change now that he’s a member of the Timberwolves, writes Tim Reynolds of The Associated Press. With the lifting of the league moratorium, the Wolves officially sent four players and five first-round picks to Utah in exchange for Gobert, who expressed his excitement about joining his new team at a press conference today.
The organization has received criticism for giving up so much to acquire the three-time Defensive Player of the Year, and for pairing him with Karl-Anthony Towns when so many teams are downsizing. New president of basketball operations Tim Connelly dismissed those concerns, insisting that Gobert provides what the Wolves have been lacking.
“He doesn’t inhibit anything we have presently,” Connelly said. “He makes it better. He augments what we have presently. So, when we look at fit, it’s not just about talent. It’s about kind of developing the team … and he’s going to make it better.”
There’s more from the Northwest Division:
- New head coach Will Hardy found he has “a lot of touchpoints” with the Jazz involving players and the front office, tweets Eric Walden of The Salt Lake Tribune. “It’s been great to get some feedback from them,” Hardy said, “but I also feel like I’m coming in eyes wide open and want to kind of formulate my own opinions and develop my own relationships.”
- Thunder rookie Chet Holmgren made an impact in his first Summer League game Tuesday night, per Joe Mussatto of The Oklahoman. The No. 2 overall pick had 23 points on 7-of-9 shooting and registered seven rebounds, four assists and a league record six blocks in 24 minutes. “Gotta be better,” Holmgren said. “You can never really have a perfect game, but that’s what you strive for.”
- Shaedon Sharpe‘s teammates with the Trail Blazers‘ Summer League squad have been raving about his performance in practice, according to Aaron Fentress of The Oregonian. Summer League will provide the first major exposure for the No. 7 overall pick, who didn’t play in college. “He’s a freak athlete,” Keon Johnson said. “He can score the ball, but he can also defend. I see why we drafted him. I feel like me and him are very similar in many different ways.”
Knicks, Pistons Complete Jalen Duren, Kemba Walker Trade
The Knicks and Pistons have officially completed their part of the draft-night trade involving Kemba Walker and No. 13 overall pick Jalen Duren, according to a press release from the Knicks.
Although the deal was initially reported as a three-team trade involving New York, Detroit, and Charlotte, the Hornets and Knicks finalized their half of the swap on draft night — the Hornets acquired a protected 2023 first-round pick and four future second-rounders in exchange for the rights to Duren.
The trade finalized today sends Walker and the rights to Duren to the Pistons in exchange for the Bucks’ 2025 first-round pick (top-four protected), which Detroit officially acquired earlier today from Portland in its Jerami Grant deal.
The move is the first step toward ensuring that the Knicks have the cap room necessary to completed their signings of Jalen Brunson and Isaiah Hartenstein. Detroit and New York also agreed to a separate trade that will send Alec Burks and Nerlens Noel to the Pistons, creating additional space for the Knicks.
While Walker is on the Pistons’ roster for the time being, he’s expected to hit the waiver wire sometime soon. A report last Thursday indicated that the two sides were finalizing a buyout agreement.
Luguentz Dort Re-Signs With Thunder On Five-Year Deal
JULY 6: Dort’s new deal with the Thunder is now official, the team announced in a press release.
JUNE 30: The Thunder are re-signing restricted free agent Luguentz Dort to a five-year, $87.5MM contract, Dort’s agent Thad Foucher tells ESPN’s Adrian Wojnarowski (Twitter link).
The barrel-chested Dort, who turned 23 in April, has showed continuous improvement after going undrafted out of Arizona State in 2019. He averaged 6.8 PPG and 2.3 RPG on .394/.297/.792 shooting in 36 games (22.8 MPG) as a rookie, with those averages increasing to 14 PPG and 3.6 RPG on .387/.343/.744 shooting in 2020/21 (52 games, 29.7 MPG).
Dort averaged 17.2 PPG and 4.2 RPG on .404/.332/.843 shooting in 51 games (32.6 MPG) last season. His shooting numbers seem fairly mediocre, but the majority of Dort’s shots come from three or at the rim, and he gets to the line a good amount, so his 54.1% true shooting percentage is actually decent.
Dort’s hallmark comes on the defensive end of the court, where his strength, toughness and versatility really shine. He’s an excellent athlete with a strong frame (6’3″, 215 pounds) and is capable of switching across multiple positions.
A report last week indicated that Oklahoma City would pick up Dort’s team option for ’22/23, which would have made him an unrestricted free agent in 2023, but clearly they had a change of heart after examining the amount of salary cap space rival teams will have next summer. Instead the Thunder chose to decline the option, making him a restricted free agent.
The modern NBA is dominated by wings capable of playing both sides of the ball, so his contract aligns with the value teams place on players of his mold. Considering his trajectory and the fact that he’s only entering his fourth season, there’s a good chance that it will be a very reasonable deal for both sides for years to come.
Pacific Notes: Ayton, Lundberg, Lakers, Wiseman
The market for Suns center Deandre Ayton has slowed in the wake of Kevin Durant‘s trade request, but ESPN’s Adrian Wojnarowski expects it to pick up soon. Appearing on “NBA Today” (video link), Wojnarowski said Durant’s availability affects the few teams with remaining cap room as well as teams that might be considering a sign-and-trade deal for Ayton.
He added that the “worst-case scenario” for Phoenix is that somebody will give Ayton a maximum offer sheet, which the Suns will have to decide whether or not to match. If Ayton’s offer is matched, it will be a full year before he’s eligible to be traded again.
Phoenix, of course, is one of the teams Durant reportedly wants to join, and the details of an Ayton trade could affect what the Suns can offer to the Nets. Wojnarowski said the Durant situation has “complicated the timing” of Ayton’s free agency process.
There’s more from the Pacific Division:
- Gabriel Lundberg, who ended the season on a two-way contract, returned to Denmark rather than play in Summer League because the Suns wouldn’t offer him any guarantees, writes Duane Rankin of The Arizona Republic. “I didn’t want to risk playing in the Summer League without having some kind of security,” said Lundberg, who appeared in four games after joining the team in March. “They didn’t want to give me that, so I went home. I can’t risk getting injured without having a deal. My family depends on me to provide for them.” Lundberg hasn’t signed a new contract overseas yet, but said he has received multiple offers.
- As the Lakers discuss a potential Kyrie Irving trade with the Nets, they’ve also checked on Rockets guard Eric Gordon and Pacers guard Buddy Hield, Wojnarowski said on “NBA Today” (Twitter link). Both are former clients of general manager Rob Pelinka, and L.A. came close to trading for Hield last summer before deciding to pursue Russell Westbrook.
- Warriors center James Wiseman isn’t expected to play in Friday’s game, but the team plans to use him at some point during Las Vegas Summer League, tweets Anthony Slater of The Athletic. Wiseman, who missed the entire season due to right knee issues, participated in a 5-on-5 scrimmage Tuesday. Jonathan Kuminga joined the team today and is also expected to see some game action (Twitter link).
Suns Trade For Jock Landale
JULY 6: The Hawks have officially traded Landale to the Suns in exchange for cash considerations, Atlanta confirmed in a press release. As we noted earlier this week, Landale’s minimum-salary contract has a small partial guarantee ($46,120).
JULY 2: The Suns will acquire Australian center Jock Landale from the Hawks, tweets Shams Charania of the Athletic. Atlanta will receive cash in return, according to Lauren L. Williams of The Atlanta Journal-Constitution (Twitter link).
Landale, 26, was a rookie with the Spurs last season, averaging 4.9 points and 2.7 rebounds in 54 games. He was shipped to the Hawks this week as part of the Dejounte Murray trade.
Landale signed with San Antonio in 2021 after going undrafted out of St. Mary’s. He also plays internationally for Australia and won a bronze medal at the 2020 Olympics.
The addition of Landale will help fill a vacancy for Phoenix, which lost back-up center JaVale McGee to the Mavericks in free agency and is exploring trade offers regarding starting center Deandre Ayton.