Free Agency Notes: Collison, Suns, Jerome, White, Cap Room, Joseph
Free agent guard Darren Collison didn’t play in the NBA at all last season and has appeared in just three games since 2019, but he hasn’t given up on earning a spot on an opening-night roster this fall. According to Chris Haynes of TNT and Bleacher Report (Twitter link), Collison worked out last week for the Suns and had a “great showing.”
The Suns, who entered free agency with eight players under contract, have reached deals with seven free agents, so they project to have a full 15-man roster. However, Haynes says the club continues to be “aggressive” in seeking role players.
One way Phoenix could open up a roster spot is by waiving or trading Isaiah Todd, whose inclusion in the Bradley Beal trade seemed to be more about Washington moving off his guaranteed 2023/24 salary than the Suns specifically targeting him. Still, any form of salary dump will be costly for a Suns team that projects to be well over the tax line and doesn’t have any future draft picks left to trade.
Here are a few more notes related to free agency:
- The Warriors withdrew their qualifying offer to Ty Jerome, while the Nuggets did the same with Jack White, per RealGM’s transactions log. Reports on Saturday indicated that Jerome had reached a contract agreement with the Cavaliers and that White is poised to sign with the Thunder. With those qualifying offers no longer on the table, the two players are no longer restricted free agents, clearing the path for them to freely join their new teams as unrestricted FAs.
- Once coveted for its power to attract a top free agent, maximum-salary cap room no longer has the cachet it once did, according to John Hollinger of The Athletic, who notes that the Rockets were the only team this summer to use a significant chunk of cap space to sign a marquee free agent (Fred VanVleet) to a huge, multiyear deal. Most other teams with room have used it for trades, renegotiations, or smaller (and/or shorter-term) signings. As Hollinger observes, the new contract extension rules in the 2017 CBA have resulted in fewer stars reaching the open market, with 2019 standing out as the last big summer of free agent movement.
- Warriors guards Chris Paul and Stephen Curry are 38 and 35 years old, respectively, and have each dealt with injuries over the years. The addition of Cory Joseph, who agreed to a one-year deal with Golden State on Sunday, will help ensure that those veteran stars get the rest they need during the regular season, according to Dalton Johnson of NBC Sports Bay Area, who takes a closer look at what Joseph will bring to the team.
Atlantic Notes: Smart, Porzingis, Petrusev, VanVleet
Longtime Celtics guard Marcus Smart had a conversation with team president Brad Stevens in mid-June and was assured at that time that he’d remain with the team this summer, Smart tells Gary Washburn of The Boston Globe. A week later, he was gone, having been traded to the Grizzlies as part of a three-team package to send Kristaps Porzingis to Boston.
“It was a shock,” Smart said. “My agent called my fiancée and she woke me up out of a sleep, literally, right after the deal had been made and I think [the media] had already tweeted it out. That’s how we found out.”
The Celtics had originally intended to include another guard, Malcolm Brogdon, as part of a three-team deal with the Clippers that would have landed them Porzingis. However, those talks fell through, forcing Boston to pivot to the deal sending Smart to Memphis. Smart said he understands it’s a “business” and has no hard feelings toward the organization, even if he didn’t learn about his exit in the way he would’ve liked.
“Anybody who knows me knows that I’m the first one to tell people, you can’t put personal with business, it just doesn’t mix,” he said. “… But for me, it was just the [lack of] courtesy. They probably already knew they were thinking about trading me. They had this trade in their back pocket just in case something else didn’t happen.”
Smart enjoyed a solid run with the Celtics, even earning Defensive Player of the Year honors in 2022 en route to an NBA Finals appearance. His defense slipped somewhat in 2022/23, but he remain a valuable two-way leader on a club that wound up being just one win shy of a second consecutive Finals.
There’s more out of the Atlantic Division:
- The two-year, $60MM extension Porzingis is finalizing with the Celtics could become as a massive monetary coup for Boston, argues Chris Forsberg of NBC Sports Boston. The reported deal, which will begin in 2024/25, is worth $17MM less than the maximum possible extension Porzingis could have signed off his current contract, and Forsberg believes a strong season would have put the big man in position to command even more money had he reached unrestricted free agency next summer. Porzingis enjoyed one of his healthiest seasons in years and was fairly effective with the Wizards on both sides of the hardwood in ’22/23.
- Two years after being drafted with the No. 50 pick out of Gonzaga by the Sixers, big man Filip Petrusev is confident he can produce at the NBA level, writes Keith Pompey of The Philadelphia Inquirer. Following his selection in the draft, the 6’11” center suited up for teams in Turkey and Belgrade. Petrusev, who will play on Philadelphia’s summer league club this month, is hoping to ink a deal with the Sixers for the 2023/24 season.
- Longtime Raptors point guard Fred VanVleet, who won a title with Toronto in 2019, is moving on to the Rockets on a lucrative new contract. He penned a heartfelt farewell missive to the team on his official Instagram. “I am forever indebted to the franchise that gave me a shot when no one else would,” VanVleet wrote. “We built things together that can never be broken and accomplished things that will stand forever… To the city, franchise and country that watched me grow… THANK YOU.”
Pacific Notes: Goodwin, Reaves, D-Lo, Vincent, Lakers, K. Martin
Two new but established Suns leaders, star guard Bradley Beal and head coach Frank Vogel, are looking forward to seeing the impact that another former Wizard, Jordan Goodwin, will have on the team, writes Dana Scott of The Arizona Republic.
The 6’3″ combo guard was part of the package Phoenix acquired in its blockbuster trade for Beal. Goodwin, still just 24, carved out a significant role off the bench in Washington in 2022/23. In 62 contests last season, he averaged 6.6 PPG, 3.3 RPG, 2.7 APG and 0.9 SPG.
“I think Jordan is going to surprise a lot of people,” Beal said. “A lot may not know who he is, but he is nasty tenacious defender who loves the game, who will compete at both ends of the floor.”
“He’s a very compelling talent,” Vogel said. “As we fill out the rest of our roster, we want to make sure we’re one of the most physical, toughest teams in the NBA. And Jordan at the guard position represents that, so I’m excited to watch him work.”
There’s more out of the Pacific Division:
- The Lakers are looking to maximize the skill set of returning guard Austin Reaves, according to Jovan Buha of The Athletic, who hears that the team will explore the 6’5″ swingman’s play-making abilities by running the offense through him more often next season. After being moved into a full-time starting role for the Lakers during the season, the 25-year-old averaged 18.3 PPG on .571/.486/.898 shooting splits, 6.1 APG, and 3.3 RPG.
- Although D’Angelo Russell is the early favorite to be the Lakers‘ starting point guard next season, Buha hears from sources that new addition Gabe Vincent could win the role if he outperforms Russell during L.A.’s training camp.
- The Lakers are looking to add a center to fill its 14th roster spot, Buha adds. Sources tell Buha that Mohamed Bamba and Tristan Thompson are both candidates for the gig, but that the club could also wait out the market and see if more intriguing possibilities emerge.
- Newly acquired Clippers small forward Kenyon Martin Jr. could help infuse an older L.A. roster with a healthy dose of athleticism, Law Murray of The Athletic writes. Martin, a Southern California native, brings an explosive vertical burst to the table, though he won’t score much outside of the post. His main contributions will be in and around that terrain on offense, while defensively he has some tools but still needs to develop.
NBA Minimum Salaries For 2023/24
An NBA team that has spent all its cap space and doesn’t have any of its mid-level or bi-annual exception available still always has the ability to sign a player to a minimum-salary contract, unless that club is right up against its hard cap.
Teams with cap room or with access to the non-taxpayer mid-level exception will have a little more flexibility to sign players to longer-term minimum-salary contracts. However, teams without cap room and without any other exceptions on hand can still use the minimum salary exception to add as many players as roster limits and the hard cap allow, for contracts of up to two years. Unlike other exceptions, such as the mid-level or the bi-annual, the minimum salary exception can be used multiple times.
[RELATED: Values of 2023/24 mid-level, bi-annual exceptions]
Undrafted free agents and second-round picks are often recipients of minimum-salary contracts, but there are plenty of veterans who end up settling for the minimum too. Because a player’s minimum salary is determined by how much NBA experience he has, many veterans will earn more than twice as much money as a rookie will in 2023/24 on a minimum-salary contract.
Listed below are 2023/24’s minimum salary figures, sorted by years of NBA experience. If a player spent any time on an NBA club’s active regular season roster in a given season, he earned one year of experience. So any player with zero years of experience has not yet made his NBA debut.
These figures represent a 10% increase on last season’s figures, since that’s the amount of the NBA’s salary cap increase for 2023/24.
Here’s the full breakdown:
| Years of Experience | Salary |
|---|---|
| 0 | $1,119,563 |
| 1 | $1,801,769 |
| 2 | $2,019,706 |
| 3 | $2,092,354 |
| 4 | $2,165,000 |
| 5 | $2,346,614 |
| 6 | $2,528,233 |
| 7 | $2,709,849 |
| 8 | $2,891,467 |
| 9 | $2,905,861 |
| 10+ | $3,196,448 |
Because the NBA doesn’t want teams to avoid signing veteran players in favor of cheaper, younger players, the league reimburses clubs who sign veterans with three or more years of experience to one-year, minimum-salary contracts. Those deals will only count against the cap – and against a team’s bank balance – for $2,019,706, the minimum salary for a player with two years of experience.
For instance, Patrick Beverley, who has 11 seasons of NBA experience, will reportedly sign a one-year, minimum-salary contract with the Sixers, who will only be charged $2,019,706 for Beverley’s contract. He’ll earn $3,196,448, but the NBA will make up the difference. This only applies to one-year contracts, not to multiyear deals.
If a player signs a minimum-salary contract after the regular season begins, he’ll earn a prorated portion of the amount listed above.
Those figures listed above also only apply to players who are signing new contracts in 2023/24. Players who are in the second, third, or fourth year of a minimum-salary deal will be earning a slightly different predetermined amount.
For example, Mavericks guard Jaden Hardy – who signed a minimum-salary contract last offseason and now has one year of NBA experience – will earn a $1,719,864 salary in the second year of his contract, shy of the $1,801,769 he would receive if he were signing a new minimum deal this fall. That’s because his second-year salary is based on a 5% raise over last season’s minimum salary for a player with one year of experience, whereas the cap rose by 10%.
Here’s what multiyear minimum-salary contracts signed in 2023/24 will look like:
| Experience |
2023/24 | 2024/25 | 2025/26 | 2026/27 |
|---|---|---|---|---|
| 0 | $1,119,563 | $1,891,857 | $2,221,677 | $2,406,205 |
| 1 | $1,801,769 | $2,120,693 | $2,301,587 | $2,489,752 |
| 2 | $2,019,706 | $2,196,970 | $2,381,501 | $2,698,607 |
| 3 | $2,092,354 | $2,273,252 | $2,581,276 | $2,907,465 |
| 4 | $2,165,000 | $2,463,946 | $2,781,053 | $3,116,326 |
| 5 | $2,346,614 | $2,654,644 | $2,980,834 | $3,325,190 |
| 6 | $2,528,233 | $2,845,342 | $3,180,615 | $3,341,740 |
| 7 | $2,709,849 | $3,036,040 | $3,196,447 | $3,675,917 |
| 8 | $2,891,467 | $3,051,153 | $3,516,095 | $3,675,917 |
| 9 | $2,905,861 | $3,356,271 | $3,516,095 | $3,675,917 |
| 10+ | $3,196,448 | $3,356,271 | $3,516,095 | $3,675,917 |
Technically, a minimum-salary contract could cover five years for a player with full Bird rights, but in actuality, that never happens.
While some second-round picks and undrafted free agents will sign three- or four-year minimum-salary contracts, a minimum deal exceeding two years is rare for a player with more than a year or two of NBA experience under his belt.
Information from RealGM was used in the creation of this post.
Kings Sign Jalen Slawson On Two-Way Deal
Former Furman small forward Jalen Slawson has signed a two-way contract with the Kings, per a team press release.
Sacramento selected the 6’7″ forward with the No. 54 pick in this year’s draft. The 23-year-old was voted the Southern Conference Player of the Year and Defensive Player of the Year for his efforts in the 2022/23 NCAA season.
He was also a two-time All-Southern Conference First Team selection during his collegiate tenure.
Across 36 contests last year, he averaged 15.6 PPG on .556/.394/.775 shooting splits, along with 7.1 RPG, 3.2 APG, 1.5 SPG and 1.5 BPG.
Considered a skilled creator with intriguing upside, his lack of athleticism and an occasional tendency for turnovers limited his draft stock somewhat.
Kings Sign Colby Jones To Four-Year Deal
The Kings have become the first team to use the NBA’s cap exception for second-round picks, having signed No. 34 overall pick Colby Jones, per NBA.com’s official transactions log.
According to Shams Charania of The Athletic (Twitter link), Sacramento agreed to give Jones a four-year contract worth $8.76MM. The first two years will be guaranteed, Charania adds.
The second-round pick exception is a new addition to the league’s Collective Bargaining Agreement. It allows teams to sign their second-rounders without requiring cap room or a cap exception like the mid-level. In past years, the Kings would have had to use a portion of their cap space (or the non-taxpayer mid-level, if they’d operated over the cap) in order to give Jones a four-year contract.
The second-round pick exception requires four-year deals to include a team option in the final year. It allows Jones to receive salaries worth more than the rookie minimum in the first two seasons of the deal, with minimum salaries in the last two.
The signing also won’t count against the Kings’ cap room until the end of July — this is to ensure a club can sign its second-rounders for Summer League play without having to worry about the impact on the team’s financial flexibility.
Jones is coming off a strong junior season at Xavier, where he averaged 15.0 PPG, 5.7 RPG, and 4.4 APG with a .509/.378/.653 shooting line in 36 games (34.0 MPG) in 2022/23.
Jones has already been part of two trades in his brief NBA career. The Hornets technically drafted the 6’6″ wing, but his rights were flipped to the Celtics and then to Sacramento. The Kings sent a future second-round pick to Boston in order to move up four spots from No. 38 to land Jones.
Taking into account their reported deals with Alex Len, Trey Lyles, and Sasha Vezenkov, as well as PJ Dozier‘s non-guaranteed contract, the Kings now have 14 players on standard contracts.
Warriors Sign Cory Joseph To One-Year Deal
JULY 6: Joseph is officially a Warriors, according to a press release from the club.
JULY 2: Free agent point guard Cory Joseph is headed to Golden State, having agreed to sign a one-year contract with the Warriors, agents Rich Paul and Brandon Cavanaugh tell Adrian Wojnarowski of ESPN (Twitter link).
Joseph has been one of the NBA’s steadiest backup point guards for years, making stops in San Antonio, Toronto, Indiana, Sacramento, and Detroit during the first 12 years of his career.
He was traded from the Kings to the Pistons at the 2021 deadline and has spent the last two-and-a-half seasons in Detroit, averaging 8.1 points, 3.8 assists, and 2.3 rebounds per game with a .450/.397/.854 shooting line in 146 appearances (22.8 MPG) during that time.
Golden State’s massive team salary means the team is limited to minimum-salary offers to outside free agents this summer, and Joseph will indeed be receiving a veteran’s minimum deal, Anthony Slater of The Athletic confirms (via Twitter).
Joseph, who is entering his age-32 season, was one of the oldest players on a rebuilding Pistons squad in 2022/23. He shouldn’t be leaned on as much for veteran leadership as part of a Warriors backcourt that also features Chris Paul (38), Stephen Curry (35), Klay Thompson (33), and Gary Payton II (30), but will provide head coach Steve Kerr with an experienced, reliable backup to the team’s stars.
As Slater tweets, the Warriors’ deal with Joseph will bring them to 12 players on standard contracts. They’re not expected to carry a full 15-man roster to open the season, Slater says, but will need to add at least two more players to fill out their squad. Veteran forward Dario Saric remains on their radar, Slater adds.
Kings Re-Sign Keon Ellis To Two-Way Contract
The Kings have re-signed shooting guard Keon Ellis to a two-way contract, according to NBA.com’s transaction log.
Sacramento had tendered Ellis a two-way qualifying offer in the days leading up to free agency, making him a restricted free agent, so he may have simply accepted that QO.
Ellis, who went undrafted out of Alabama in 2022, signed a two-way contract with the Kings last July and spent his entire rookie season within the organization. He was deployed sparingly at the NBA level in 2022/23, appearing in 16 games and playing just 71 total minutes.
Ellis played extensively for the Stockton Kings in the G League, however, averaging 16.8 points, 5.3 rebounds, and 3.4 assists per night in 23 regular season appearances (30.4 MPG) while registering an impressive shooting line of .517/.444/.784.
Sacramento still has two-way slots available for 2023/24 after bringing back Ellis. The team also tendered a qualifying offer to its other two-way player from ’22/23, Neemias Queta, but because Queta has been on a two-way deal with the Kings for two seasons instead of just one, his QO is equivalent to a standard (partially guaranteed) minimum-salary deal rather than another two-way contract.
Heat Rumors: Strus, Robinson, Herro, Bouyea
The Heat didn’t go beyond their initial offer to Max Strus, according to Ira Winderman of the South Florida Sun Sentinel (Twitter link).
Strus attracted plenty of attention on the free agent market and Miami eventually agreed to a sign-and-trade with the Cavaliers that turned into a three-team swap. Strus wound up with a four-year, $63MM contract, far more than the Heat were willing to pay him. The Heat will get a traded player exception worth approximately $7MM in the deal.
Miami did make a counter-offer for Gabe Vincent, Winderman adds, but it couldn’t stop him from agreeing to a three-year contract with the Lakers for more money.
We have more on the Heat:
- Orlando Robinson has signed a standard minimum-salary contract but he has some work to do to earn the full value for 2023/24, Winderman tweets. There are conditional elements to the contract, including guarantee dates. One of those stipulations is that he must make the opening-night roster.
- The Nets have been contacted regarding the possibility of acquiring Tyler Herro in order to facilitate a Damian Lillard deal between the Trail Blazers and Heat, Barry Jackson of the Miami Herald tweets. This confirms another report that the Nets were interested in Herro, whose four-year, $120MM extension kicks in next season.
- Herro may be weary of hearing his name in trade rumors. For what it’s worth, Herro has removed “Miami Heat Guard” from the header on his Twitter feed and replaced it with “Slow motion,” NBA Central relays (Twitter link).
- Jamaree Bouyea, recently signed to a two-way contract, believes he can become the next Heat success story among undrafted players, Anthony Chiang of the Miami Herald tweets. Bouyea played on separate 10-day contracts with the Heat and Wizards as an undrafted rookie last year. “I like how they just invest, they invest in their young guys,” he said. “Obviously, they have a bunch of undrafted talent that got paid this offseason and offseasons before this, as well.”
Stein’s Latest: Mavs, Thybulle, J. Allen, Maxey, D. Powell
In addition to their previously reported interest in Grant Williams, the Mavericks have their eye on another restricted free agent, Matisse Thybulle of the Trail Blazers, league sources tell veteran NBA reporter Marc Stein (Substack story).
It’s unclear if Dallas has a real shot at either player — according to Stein, the Celtics and Blazers have been sending “behind-the-scenes signals” that they plan to match any offer sheet on their respective RFAs, and the over-the-cap Mavericks will be limited to the mid-level exception.
Besides pursuing another wing, the Mavericks would still like to upgrade their center spot. They explored trades for Clint Capela and Deandre Ayton and would have been interested in Naz Reid if he had reached free agency, Stein writes. For now, Dwight Powell and Richaun Holmes appears poised to vie for the starting job as lottery pick Dereck Lively adjusts to the NBA.
Here’s more from Stein’s latest look around the league:
- There have been some “whispers” this week that Cavaliers center Jarrett Allen may be more available via trade than the team is letting on, says Stein. Allen was an All-Star in 2021/22 and had another solid season in ’22/23, but struggled to make an impact during Cleveland’s first-round playoff loss to New York.
- Stein, like some other reporters, has heard that the Sixers have essentially made Tyrese Maxey untouchable in trade discussions. A team source tells Stein that Philadelphia views Maxey as an integral part of the club’s future and is adamant that he won’t be available in any trade.
- According to Stein, Dwight Powell received “serious” interest from the Rockets before deciding to remain with the Mavericks. Houston pivoted to Jock Landale after Powell chose Dallas, Stein explains.