2023/24 Salary Cap Projection Increases By $1MM
The NBA has updated its salary cap projections for the 2023/24 season and is now forecasting a $134MM cap and a $162MM luxury tax line, according to Shams Charania of The Athletic (Twitter link), who notes that both figures are an increase of $1MM on the projections from the end of June.
The salary cap for the 2022/23 season is locked in at $123,655,000, so the cap is projected to increase by about $10.35MM. The tax line for this season is $150,267,000, so that figure is projected to increase by about $11.73MM.
We will continue to update our early ’23/24 projections for the minimum salary, maximum salary, and mid-level and bi-annual exceptions throughout the season.
According to Bobby Marks of ESPN (Twitter link), there is a 10% limit on how much the salary cap can increase from this season to next due to the “financial hardship” caused by the COVID-19 pandemic, so $136MM is the maximum possible cap for the 2023/24 season.
Given the projections for ’23/24 have increased before the ’22/23 season has even tipped off, there’s a good chance that it could increase a little more throughout the league year. That could change of course, but as of right now, it seems like a reasonable bet.
Training camps start at the end of September, with the regular season set to start on October 18.
Pelicans Sign Dereon Seabron, John Petty Jr.
The Pelicans have officially signed guards Dereon Seabron and John Petty Jr., the team announced in a press release.
According to Andrew Lopez of ESPN (Twitter link), Petty will receive an Exhibit 10 contract, while Seabron’s two-way contract, which was reported back in June, is now official. The Pelicans also confirmed that they have signed Daeqwon Plowden, who is on an Exhibit 10 deal.
Seabron, 22, was one of the top undrafted players following the 2022 NBA draft a few months ago. He averaged 17.3 points, 8.2 rebounds, 3.2 assists and 1.4 steals during the 2021/22 season while leading North Carolina State in all four categories.
The 6’7″ guard was named the Most Improved Player in the ACC and was a second-team all-conference choice as a sophomore for the Wolfpack. Seabron most recently suited up for New Orleans during Las Vegas Summer League, averaging 8.2 points, 3.6 rebounds and 2.4 in five games (18.6 minutes), per RealGM.
Petty, 23, went undrafted in 2021 after four years at Alabama. He signed an Exhibit 10 deal with the Pelicans last fall and was waived before the season, designating him as an affiliate player for their G League team, the Birmingham Squadron.
In 31 games (26.2 minutes) for the Squadron last season, he averaged 8.5 points, 4.6 rebounds and 1.8 assists. Like Seabron, Petty also suited up for New Orleans during Summer League, averaging 7.6 points, 5.2 rebounds, 2.6 assists and 1.4 steals in five games (24.0 minutes), per RealGM.
The Pelicans still have one two-way slot still open after signing Seabron. Second-round pick E.J. Liddell, who unfortunately tore his ACL during Summer League, remains unsigned.
Contract Details: Steward, Kleber, Pickett, Vaudrin
DJ Steward‘s new deal with the Kings is a one-year, minimum-salary contract, but it doesn’t include Exhibit 10 language, Hoops Rumors has learned. It’s a standard contract that features a small partial guarantee worth $50K.
If Steward is eventually waived, he would still be eligible to play for the Stockton Kings, Sacramento’s G League affiliate, since his guarantee doesn’t exceed $50K. So the most tangible difference between Steward’s deal and an Exhibit 10 contract is that Sacramento won’t have the option of converting it into a two-way contract. The former Duke guard isn’t ineligible to sign a two-way deal with the Kings, but he would have to pass through waivers first.
Here are a few more contract details from around the NBA:
- Maxi Kleber‘s new three-year extension with the Mavericks is fairly straightforward — it features $11,000,000 annual base salaries in each of the three seasons and doesn’t include any bonuses or options years. Kleber’s extension will begin in 2023/24.
- The contracts signed with the Cavaliers by Jamorko Pickett and Chandler Vaudrin are Exhibit 10 deals, Hoops Rumors has learned. Both of Cleveland’s two-way slots are currently full, so Pickett and Vaudrin could end up becoming affiliate players for the Cleveland Charge, the Cavs’ G League team.
- In case you missed it, we’re tracking each team’s players with partially guaranteed and non-guaranteed contracts, including Exhibit 10 deals, right here.
Pelicans Sign Daeqwon Plowden To Exhibit 10 Deal
SEPTEMBER 9: The Pelicans have officially signed Plowden to an Exhibit 10 contract, Hoops Rumors has learned.
JULY 19: After playing for the Pelicans‘ Summer League team, undrafted rookie swingman Daeqwon Plowden will sign an Exhibit 10 contract with New Orleans, sources tell Will Guillory of The Athletic (Twitter link).
Plowden, who spent all five years of his college career at Bowling Green State, averaged 15.7 PPG, 6.8 RPG, and 1.2 BPG on .414/.356/.792 shooting in 31 games (30.6 MPG) in 2021/22. The 23-year-old received All-MAC honors in each of his last three seasons and made this year’s All-MAC Defensive Team.
Plowden didn’t play a major role for New Orleans’ Summer League team in Las Vegas, averaging just 16.1 minutes per game in three appearances. But he made the most of his limited minutes, averaging 12.0 PPG on .647/.500/.909 shooting.
An Exhibit 10 deal is non-guaranteed and worth the minimum, but it could put Plowden on track to receive a $50K bonus if he’s waived before the regular season and then joins the Birmingham Squadron, New Orleans’ G League affiliate.
Plowden’s Exhibit 10 contract could also be converted into a two-way deal if he impresses in training camp. The Pels have reportedly committed one two-way slot to Dereon Seabron, but their other slot remains open for now.
Central Notes: Giannis, Mamukelashvili, Bulls, Pacers
Bucks star Giannis Antetokounmpo exited Greece’s 90-69 win over Estonia on Thursday early due to what the Greek team is referring to as a “light” right ankle sprain, per John Rammas of Eurohoops. Although Antetokounmpo checked out in the third quarter and didn’t return, the injury isn’t viewed as serious.
According to an Associated Press report (via ESPN), Greece’s head coach, Dimitrios Itoudis, said after the game that the Bucks forward received ice and treatment. However, it doesn’t sound like Giannis’ availability for the upcoming single-elimination stage of EuroBasket is in jeopardy. “It’s all good,” Itoudis said.
Here’s more from around the Central Division:
- Eric Nehm of The Athletic checks in on how the Bucks‘ international players have been performing at EuroBasket 2022. While Antetokounmpo has obviously excelled, Milwaukee is also presumably encouraged by the play of two-way forward Sandro Mamukelashvili, who averaged 15.2 PPG and 11.0 RPG in the group stage for Georgia.
- Given that Lonzo Ball‘s lengthy injury absence last season hurt the Bulls on both ends of the court, Darnell Mayberry of The Athletic wonders if the team is better built to withstand a Ball injury in 2022/23. A recent report indicated that Chicago’s starting point guard may not be ready for the start of the regular season due to a lingering knee issue.
- The Pacers have hired Isaac Yacob as their head video coordinator, sources tell Scott Agness of Fieldhouse Files (subscription required). According to Agness, Yacob – who previously worked for the Kings – built a strong rapport with Tyrese Haliburton in Sacramento.
- In case you missed it, we’re asking you to vote on the projected win totals of all five Central teams for the 2022/23 season.
Cavs Sign Jamorko Pickett, Chandler Vaudrin To Camp Deals
1:14pm: Both signings are official, per RealGM’s NBA transaction log.
10:14am: The Cavaliers are set to sign free agent forward Jamorko Pickett and guard Chandler Vaudrin to training camp contracts, according to Chris Fedor of Cleveland.com.
Pickett, who went undrafted out of Georgetown in 2021, spent his rookie season on a two-way contract with the Pistons, appearing in 13 games at the NBA level and averaging 3.8 PPG and 2.5 RPG in 13.5 MPG.
The 24-year-old saw more action at the G League level, registering 14.5 PPG and 5.7 RPG on .429/.328/.913 shooting in 17 regular season NBAGL games (31.4 MPG) for the Motor City Cruise. After becoming an unrestricted free agent, he suited up for the Cavs’ Summer League team in Las Vegas this July.
The Big South Player of the Year in 2021, Vaudrin had been on track to sign an Exhibit 10 contract with the Cavaliers a year ago after going undrafted out of Winthrop. However, the 25-year-old point guard tore his ACL while playing for Cleveland’s Summer League team and missed his entire rookie entire season, so that deal didn’t come to fruition — until now.
The Cavs were said to be working out several veteran free agents earlier this week as they considered how to fill their 20-man training camp roster. Pickett and Vaudrin both participated in those workouts, per Fedor.
Cleveland currently has 16 players under contract (14 on standard contracts and a pair on two-way deals), so the team will still have two roster spots available after officially adding Pickett and Vaudrin.
2022/23 NBA Over/Unders: Central Division
The 2022/23 NBA regular season will tip off next month, so it’s time to start getting serious about predictions for the upcoming campaign and to continue an annual Hoops Rumors tradition.
With the help of the lines from a handful of sports betting sites – including Bovada, BetOnline, and Betway – we’re running through the predicted win totals for each of the NBA’s 30 teams, by division. In a series of team-by-team polls, you’ll get the chance to weigh in on whether you think those forecasts are too optimistic or too pessimistic.
In 2021/22, our voters went 16-14 on their over/under picks. Can you top that in ’22/23?
We’ll keep our series going today with the Central division…
Milwaukee Bucks
- 2021/22 record: 51-31
- Over/under for 2022/23: 52.5 wins
- Major offseason moves:
- Added: Joe Ingles, MarJon Beauchamp
- Lost: Rayjon Tucker
- Note: Jordan Nwora remains unsigned as a restricted free agent.
Cleveland Cavaliers
- 2021/22 record: 44-38
- Over/under for 2022/23: 47.5 wins
- Major offseason moves:
- Added: Donovan Mitchell, Ricky Rubio, Raul Neto, Robin Lopez
- Lost: Collin Sexton, Lauri Markkanen, Rajon Rondo, Ed Davis, Moses Brown
Chicago Bulls
- 2021/22 record: 46-36
- Over/under for 2022/23: 44.5 wins
- Major offseason moves:
- Added: Andre Drummond, Goran Dragic, Dalen Terry
- Lost: Troy Brown, Tristan Thompson, Matt Thomas
Detroit Pistons
- 2021/22 record: 23-59
- Over/under for 2022/23: 28.5 wins
- Major offseason moves:
- Added: Jaden Ivey, Jalen Duren, Alec Burks, Nerlens Noel, Kevin Knox, Kemba Walker
- Note: Walker is unlikely to begin the season on the Pistons’ roster.
- Lost: Jerami Grant, Frank Jackson, Luka Garza, Carsen Edwards
- Added: Jaden Ivey, Jalen Duren, Alec Burks, Nerlens Noel, Kevin Knox, Kemba Walker
Indiana Pacers
- 2021/22 record: 25-57
- Over/under for 2022/23: 23.5 wins
- Major offseason moves:
- Added: Bennedict Mathurin, Aaron Nesmith, Daniel Theis, Andrew Nembhard
- Lost: Malcolm Brogdon, T.J. Warren, Ricky Rubio, Duane Washington
- Note: Second-round pick Kendall Brown remains unsigned.
Previous voting results:
- Miami Heat (50.5 wins): Under (56.6%)
- Atlanta Hawks (46.5 wins): Over (53.6%)
- Charlotte Hornets (36.5 wins): Under (63.0%)
- Washington Wizards (35.5 wins): Under (50.8%)
- Orlando Magic (26.5 wins): Over (55.3%)
- Memphis Grizzlies (49.5 wins): Over (68.7%)
- Dallas Mavericks (48.5 wins): Over (63.7%)
- New Orleans Pelicans (44.5 wins): Over (61.2%)
- Houston Rockets (24.5 wins): Under (61.8%)
- San Antonio Spurs (23.5 wins): Under (67.5%)
Jazz Notes: Mitchell Trade, Knicks Talks, Conley, Bass
Within their Thursday press release officially confirming the trade that sent Donovan Mitchell to Cleveland, the Jazz‘s top decision-makers explained why they felt it was necessary to move the club’s leading scorer, a three-time All-Star who just turned 26.
“It was clear that in order to optimize our opportunity to create a team that could truly contend and establish sustained success, we needed to transition our roster,” Jazz CEO Danny Ainge said in a statement. “In trading Rudy (Gobert) and now Donovan, it was a rare opportunity to maximize our ability to get quality talent and picks to best position us moving forward. We have a plan in place to help us assemble the championship team our fans deserve. It will take time to craft our roster. We all understand the work ahead and are committed to our vision.”
General manager Justin Zanik, meanwhile, referred to Collin Sexton, Lauri Markkanen, and Ochai Agbaji as three “exciting young players,” suggesting the front office views the trio as part of the Jazz’s long-term plan.
“We believe that they fit the Jazz culture and hard-nosed, competitive brand of basketball we’ve built here in Utah,” Zanik said. “They give us versatility and athleticism on both ends of the floor as we grow toward the future. We look forward to our fans getting to know them.”
Here’s more out of Utah:
- Previous reports suggested there was some level of “animus” between the Jazz and Knicks, due in part to Knicks executives sitting courtside at Utah’s first playoff game vs. Dallas in the spring, as well as to New York’s decision to extend RJ Barrett while the two teams were negotiating his possible inclusion in a Mitchell trade. However, ESPN’s Zach Lowe said on his Lowe Post podcast that any hard feelings between the Jazz and the Knicks weren’t the reason why Utah made a deal with Cleveland instead of New York.
- “Emotions can play into this,” Lowe said, per RealGM. “I’ve been assured by the Utah side that ‘No, look, we’re mature people. Yes, we were upset with particularly the Mavs’ game incident, but we’re not going to make decisions based on those kind of things that now happened four months ago or whatever. We’ve made the best deal possible.'”
- In a column for The Salt Lake Tribune, Robert Gehrke focuses on the off-court impact of the Mitchell trade, arguing that Utah has lost a “conscience of our community.”
- Nekias Duncan of BasketballNews.com considers what Mike Conley can still bring to a contending team and explores which clubs might be realistic trade suitors for the veteran point guard. Meanwhile, Eric Walden of The Salt Lake Tribune weighs where Conley, Bojan Bogdanovic, and Jordan Clarkson could land if they’re traded.
- The Salt Lake City Stars – Utah’s G League affiliate – acquired the returning rights to Paris Bass and Elijah Cain in a trade with the South Bay Lakers, per a press release. Bass is reportedly signing an Exhibit 10 deal with the Jazz, so the team clearly intends to have him play for the Stars — it remains to be seen whether Cain is also in SLC’s plans for 2022/23.
Extension Candidate: De’Andre Hunter
This is the fourth installment in our series examining players who are prime candidates for contract extensions. This series will explore the player’s strengths and weaknesses, and will evaluate what a fair deal between the player and his team might look like. We’re continuing today with a look at an oft-injured wing with tantalizing two-way potential.
Rundown:
The No. 4 overall pick of the 2019 draft after two college seasons at Virginia, De’Andre Hunter had a prominent role as a rookie for the Hawks, but his results were a little uneven, which is normal for first-year players. In 63 games (32.0 MPG) in 2019/20, he averaged 12.3 PPG and 4.5 RPG on .410/.355/.764 shooting (.521 true shooting percentage).
Hunter clearly worked hard on his game entering year two, as he got off to a great start, averaging 17.9 PPG and 5.6 RPG on a stellar .517/.375/.877 (.646 true) shooting line in 17 games (33.3 MPG). Unfortunately, things went downhill from there, as right knee discomfort and swelling ultimately led to arthroscopic surgery and multiple setbacks, causing Hunter to miss all but five games the rest of the regular season.
He did appear in all five games of Atlanta’s first-round playoff victory over the Knicks, but didn’t look like the same player. Hunter underwent surgery to repair a torn lateral meniscus in the same knee shortly thereafter.
Last season, Hunter had a slow start, not quite looking like himself after the meniscus tear. On November 8, he sustained a tendon injury on his right wrist, which required surgery and caused him to miss eight weeks of action (26 games).
Overall, he averaged 13.4 PPG and 3.3 RPG on .442/.379/.765 shooting (.547 true) in 53 games (29.8 MPG). The Hawks were very banged up at the end of the year, causing them to be overmatched in their first-round playoff loss to the Heat, but Hunter was the team’s best performer – he averaged 21.2 PPG and 3.8 RPG on .557/.462/.800 shooting (.674 true).
Strengths:
During that 17-game stretch to start ’20/21, Hunter legitimately looked like he could be a future All-Star, using his length and athleticism to aggressively drive to the hoop. Even though the Hawks lost the game, he had a memorable performance against the eventual champion Bucks, scoring a career-high 33 points on 13-of-21 shooting while fearlessly attacking Giannis Antetokounmpo.
Hunter has plus size for a forward at 6’8″ and 225 pounds with a 7’2″ wingspan, and he’s versatile on both ends of the court. He’s often tasked with guarding the opposing teams’ best perimeter scorers, as Atlanta has lacked reliable wing defenders.
The 24-year-old was a high draft choice in large part due to his defensive upside, and while he shows flashes of being a plus defender, he lacks the consistency necessary to be a true defensive force. The talent is definitely there though, and that’s something you can’t teach.
Hunter gets to the free throw line at a good rate, can score in a variety of ways, and was an above-average three-point shooter in ‘21/22 (37.9%). Nearly all of his attempts from long distance came via catch-and-shoot, and he converted a career-best 40.5% from the corners.
Improvement Areas:
Consistency is the name of the game for Hunter. He has shown flashes of high-level two-way potential, but he hasn’t been able to string it together consistently for any sustained period of time.
Losing time to injuries is out of his control, but it has certainly had an effect on his performance the past couple of years. In order to land a big pay day, he needs to prove that he can stay healthy.
Hunter is a below-average rebounder, and there’s no reason he can’t be better at his size. An average of 3.3 boards per game is unacceptably low for a forward. Even though he’s a versatile scorer, he only shot 55% at the rim last season — 23rd percentile of all players, per DunksAndThrees.com.
He’s also a poor play-maker, recording more turnovers (69) than assists (68) in ‘21/22. Hunter’s 6% assist percentage was only in the 12th percentile. There’s a lot of room for improvement there.
Conclusion:
Out of all the players eligible for rookie scale extensions in 2022, Hunter’s market value is one of the most difficult to gauge due to his injury history and inconsistent play. He definitely has a lot to prove in the upcoming season, both for his own future and to the Hawks.
They’re very different players, but maybe someone like Thunder wing Luguentz Dort works as a point of comparison for Hunter – Dort signed a five-year, $82.5MM deal with a fifth-year team option as a restricted free agent this offseason. Dort is a better defender, but Hunter has more offensive upside.
Since he isn’t getting a maximum-salary deal, Atlanta can only offer Hunter four years in an extension. Dort got $64.78MM guaranteed over four years, with an additional $1MM in annual unlikely incentives.
Sources told Jake Fisher of Bleacher Report in July that the Hawks and Hunter’s agents were approximately $20MM apart in their extension discussions. Making an educated guess, I would wager Atlanta was offering around $60MM – perhaps with additional incentives tied to games played – and Hunter was looking for around $80MM.
Hunter could easily outplay a $15MM-per-year contract, but he hasn’t shown he’s worth even that much yet. Analytics are really low on Hunter’s game – I’m more bullish on his potential, assuming he can stay healthy.
I don’t see any reason for the Hawks to budge in what they’re willing to offer, and given his injury history, there are valid reasons for Hunter to consider signing a relatively team-friendly deal. If he turns down an extension and has a breakout fourth season, that’s a good problem to have for Atlanta, because he’d be providing excess value on the final year of his rookie deal and would make it an easier decision to invest in him long term.
Southeast Notes: Okongwu, Wagner, Wizards
Hawks reserve center Onyeka Okongwu took a big leap during his second NBA season in 2021/22, though Atlanta as a team took a significant step back in the playoffs. Okongwu is taking pains to put in the work during the offseason to improve his skill set, per Lauren Williams of the Atlanta Journal-Constitution. In 48 games last year, the 6’8″ big man out of USC averaged 8.2 PPG, 5.9 RPG and 1.1 APG, while shooting an excellent 69% from the floor.
The 21-year-old big man is striving to improve his jump shooting. “People are going to have expectations for me,” Okongwu said. “You know, I got to this point for a reason. I got drafted by this team for a reason. So, I definitely make sure I do what I do, but adding on something every year, every year, just add a little something.”
There’s more out of the Southeast Division:
- Magic small forward Franz Wagner has played somewhat erratically in EuroBasket competition, but has managed to be a big contributor for the German national team when firing on all cylinders, per Ethan Fuller of Basketball News. Fuller writes that Wagner appears to have improved his pull-up three-point shooting and his play around the rim during this international run.
- The Wizards currently boast a plethora of solid wing players, to the point that Josh Robbins of The Athletic addresses whether or not Washington may look to make a move to address that logjam by making a consolidation trade. Elsewhere in his mailbag, Robbins projects where the club could finish in a loaded Eastern Conference this season after missing the playoffs last year, as well as contextualizing the Summer League struggles of rookie lottery pick Johnny Davis.
- In case you missed it, our Rory Maher recently took a look at extension-eligible Heat guard Tyler Herro, and assessed the reigning Sixth Man of the Year’s candidacy for a lucrative new contract.
