Eugene Omoruyi‘s new two-year standard contract with the Wizards will pay him $900K for the rest of this season, Hoops Rumors has learned. Washington dipped into its mid-level exception in order to give Omoruyi that $900K, since using the minimum salary exception would have resulted in a rest-of-season salary worth approximately $522K.
Omoryui’s 2024/25 salary is worth the minimum and is non-guaranteed for the time being. If he remains under contract until the start of the ’24/25 regular season in the fall, he’ll earn a partial guarantee of $1MM. He’d receive his full guarantee for next season if he’s not cut on or before January 7, 2025.
Here are a few more details on recently signed contracts from around the NBA:
- Jalen Wilson‘s three-year contract with the Nets is worth approximately $4.96MM in total, with a $850K rest-of-season salary for 2023/24 and minimum salaries for the following two years. Brooklyn used its mid-level exception to give him a contract that covers three seasons and a starting salary well above the prorated rookie minimum. Wilson is also assured of a $75K partial guarantee next season, which will increase to $325K if he makes the opening-night roster.
- The standard contract that Javon Freeman-Liberty received from the Raptors is a two-year, minimum-salary deal that includes a $100K partial guarantee for next season and multiple trigger dates for his 2024/25 salary. Freeman-Liberty’s partial guarantee would increase to $150K if he’s not waived by July 23 and to $800K if he’s still under contract at the start of the ’24/25 regular season.
- Marques Bolden‘s two-way contract with the Hornets is a two-year agreement, so it will cover next season in addition to the rest of 2023/24.