The Jazz used a portion of their mid-level exception to give Luka Samanic a rest-of-season salary of $432,795 on his new two-year deal, Hoops Rumors has learned. A minimum salary for 2022/23 for the final three days of the season would have paid Samanic just $32,795, so Utah took advantage of its flexibility with the MLE to give him significantly more than that.
In return, the Jazz will have Samanic under contract for a non-guaranteed minimum salary in 2023/24. His $2.07MM cap hit would become partially guaranteed for $400K if he isn’t waived on or before July 18. That partial guarantee would increase to $600K after October 23.
Vernon Carey Jr., the other player who signed with the Jazz during the season’s final weekend, also got a portion of the team’s mid-level exception, receiving $100K for the end of the 2022/23 season. Like Samanic, Carey has a non-guaranteed minimum salary for 2023/24 on his new deal. He doesn’t have any offseason guarantee dates, but would be assured of receiving his full ’23/24 salary (approximately $2MM) if he remains under contract through October 23.
We have a few more details on recently signed contracts:
- Both Tristan Thompson and Shaquille Harrison signed minimum-salary contracts with the Lakers, but Thompson’s deal only covers the rest of this season, while Harrison’s includes a non-guaranteed salary for 2023/24.
- The contract that Willie Cauley-Stein signed with the Rockets on the final day of the regular season was just a one-year deal, so he’ll be an unrestricted free agent again this summer.
- Kobi Simmons received a two-year, minimum-salary deal with a non-guaranteed 2023/24 salary when he was promoted to the Hornets‘ standard roster from his two-way contract.
- The two-way contracts recently signed by RaiQuan Gray (Nets), Dereon Seabron (Pelicans), Jacob Gilyard (Grizzlies), and Xavier Sneed (Hornets) all include a second year.