Paul George Explains Decision To Leave Clippers
Paul George said in a his latest podcast (Twitter video link) that he “never wanted to leave L.A.,” but he was frustrated by negotiations with the Clippers, including an initial offer that he viewed as “kinda disrespectful.”
Wearing his new Sixers jersey, George explained that his preference was to re-sign with the Clippers and try to help them win their first-ever title. He emphasized that there are “no hard feelings” toward the organization, but said the first offer he received when contract talks started in October was $60MM over two years, which he called “crazy.”
“As we kept going, they would go up inches, inches, inches, to where it was like 44, 45,” George said, “but this was like a couple months in between before we got it to 40-something. I’m still like, ‘Nah, I’m not doing that. Then I hear wind of what they’re going to give Kawhi (Leonard). So I’m like ‘Just give me what Kawhi got. Y’all view us the same. We came here together. … I’ll take what Kawhi got.’ I was cool with that.”
George noted that Leonard accepted less than the max when he agreed to a three-year, $152.4MM extension in January, adding that he was willing to do the same to keep the core of the team together. George’s negotiations remained unproductive until he halted talks around the All-Star break because he didn’t want the new contract to be a distraction for the rest of the season.
“Season ends, I finish healthy, 74 games played and had one of my most efficient seasons,” George said. “So now we go into negotiations, now they bring it to three years, $150MM. It sucks that we had to get to this point, that we couldn’t get this figured out a lot sooner. I’m like all right, now we’re in the ballpark. Now we can have a conversation here.”
George said he was willing to accept that offer as long as the Clippers included a no-trade clause to make sure he got to stay in Southern California. When the team refused, he increased his asking price to four years at $212MM.
“If y’all going to trade me, y’all going to trade me,” he said. “But at least now I’m not in a situation where I could have got more had I just gone to free agency than take this deal and y’all can just ship me wherever (you) want. Now I’m on this deal that I didn’t want. They didn’t want to do that.”
George said that’s when he became open to exploring offers from other teams. That led him to schedule free agency meetings with the Sixers and Magic and ultimately accept a four-year max offer from Philadelphia.
“Through negotiations, they weren’t budging, they weren’t going to budge,” George said of Clippers management. “I wasn’t going to budge. I thought I played well enough for them to, you know, be like ‘He’s a part of our future.’ I thought I did that. I thought I earned that. Granted we didn’t win while I was there, but luck has a lot to do with that. We couldn’t remain healthy as a unit. But I thought I did enough to earn that.
“… I love (Clippers owner Steve Ballmer). I love (team president Lawrence Frank), but at that point it didn’t even feel right to come back with that type of energy and be comfortable playing back in L.A.”
Raptors Re-Sign Immanuel Quickley To Five-Year Deal
JULY 8: The Raptors have announced the new contract with Quickley (Twitter link).
“Immanuel embodies so many things that are important to our team,” team president Masai Ujiri said. “… He wants to win and he will be a Raptor for years to come. We are very high on I.Q. – our point guard of the future.”
JUNE 28: Immanuel Quickley, a restricted free agent this offseason, intends to re-sign with the Raptors, according to Shams Charania of The Athletic, who reports (via Twitter) that the guard will receive a five-year contract worth $175MM.
Quickley, the Sixth Man of the Year runner-up in 2022/23, was the centerpiece of the Raptors’ return in the OG Anunoby trade with the Knicks in December, arriving in Toronto midway through the season along with RJ Barrett.
The fourth-year guard averaged 18.6 points, 6.8 assists, and 4.8 rebounds per game with a .395 3PT% in his first 38 games as a Raptor, establishing himself as part of the team’s long-term future.
As we wrote when we ranked Quickley seventh in our list of this summer’s top 50 free agents, Tyler Herro (four years, $120MM, plus incentives), Jordan Poole (four years, $123MM, plus incentives), and Devin Vassell (five years, $135MM, plus incentives) were expected to be a few points of comparison for the guard’s contract negotiations this summer.
While it remains to be seen if Quickley’s $175MM will be fully guaranteed, the 25-year-old appears poised to land a bigger payday than any of those players by securing an annual average value of $35MM per year.
It’s the second major financial commitment the Raptors will make to a cornerstone piece this summer. The team also reportedly intends to sign Scottie Barnes to a five-year rookie scale extension that will begin in 2025/26 and will be worth a projected $225MM.
Neither deal can become official until July, and Toronto may not rush to formally complete Quickley’s deal, since his cap hold is just $12.5MM. If they end up operating under the cap, the Raptors can use up all their room while keeping that hold on their books, then go over the cap using Quickley’s Bird rights to sign him to his new deal.
Quickley is the fifth free agent in the top 10 of our top-50 list to reach an agreement with his team during the new exclusive negotiating window between the end of the NBA Finals and the official start of free agency on June 30. He joins Anunoby, Pascal Siakam, Nic Claxton, and Malik Monk as players who have agreed to remain with their current teams. The other players in our top 10 are Paul George, Tyrese Maxey (who is considered a lock to remain in Philadelphia), LeBron James, DeMar DeRozan, and James Harden.
Scottie Barnes Signs Max Extension With Raptors
JULY 8: Barnes’ extension is now official, the Raptors confirmed (via Twitter).
“We are so proud of Scottie for the player and leader he has become,” team president Masai Ujiri said in a press release. “I’ve said before that he is the type of player you build a team around. Well, we are doing that. … Together, our future starts here. It starts now.”
JUNE 24: Scottie Barnes will receive a maximum-salary extension from the Raptors that could pay him up to $270MM over five years, sources tell ESPN’s Adrian Wojnarowski (Twitter link).
The deal won’t include a team or player option, reports Michael Scotto of HoopsHype.
Toronto intends to rebuild its roster around the 2022 Rookie of the Year, according to Wojnarowski, who adds that agent Bill Duffy of WME Basketball recently met with team president Masai Ujiri and general manager Bobby Webster to work out the terms of the deal. Barnes will become eligible to sign it once the moratorium lifts on July 6.
Cap expert Yossi Gozlan (Twitter link) offers details on the projected salaries for Barnes, noting that the base value of the extension projects to be nearly $225MM (based on a $141MM cap in 2024/25 and a 10% increase for ’25/26), but it could reach $270MM if he makes an All-NBA team next season.
[Hoops Rumors Glossary: Derrick Rose Rule]
Without an All-NBA nod next spring, Barnes would be on track to earn $38,775,000 when the extension begins with the 2025/26 season, followed by $41,877,000 in 2026/27, $44,979,000 in 2027/28, $48,081,000 in 2028/29 and $51,183,000 in 2029/30.
Barnes’ extension and an expected new deal for Immanuel Quickley mean the Raptors likely won’t have any cap space to work with next summer, Gozlan adds (Twitter link). They could have about $30MM available this year if they decline their $23MM team option on Bruce Brown or trade him without receiving much salary in return.
Barnes has emerged as Toronto’s franchise player since being drafted with the fourth pick in 2021. He earned his first All-Star selection this season, averaging 19.9 points, 8.2 rebounds and 6.1 assists in 60 games. His season ended early when he underwent surgery for a broken bone in his left hand in early March.
The Raptors seemed to anoint him as the key to their future when they traded away OG Anunoby and Pascal Siakam in separate deals over the winter.
Barnes becomes the first member of the 2021 draft class to reach an extension with his team. Cade Cunningham, Jalen Green, Evan Mobley and Jalen Suggs are among the others in line for extensions this summer.
Heat Notes: Love, Ware, Highsmith, Offseason
Kevin Love declined his $4MM player option for next season, but staying in Miami was always his first choice, writes Anthony Chiang of The Miami Herald. The veteran big man not only remained with the Heat, he was able to get the deal he wanted — $3.85MM for the upcoming season and $4.15MM for 2025/26 — signing shortly after free agency began on June 30.
“In every free agency, there’s always a chance to look around the league and see opportunity,” Love said. “But in my mind, in terms of how the team operates, who [coach Erik Spoelstra] is, who [team president Pat Riley] is, who [general manager Andy Elisburg] is, it really in the last year and a half has felt like home. It felt like we were always optimistic that we would be able to get this done, get an extra year and just be able to provide as much as I possibly can for the team. I’m very, very happy to be back.”
Love has become a fixture in Miami since joining the organization late in the 2022/23 season. He was inserted into the starting lineup and sparked the team’s surprising run to the NBA Finals, then moved into a reserve role last season, coming off the bench for 50 of the 55 games he played. Love, who turns 36 in September, believes he can remain productive and envisions spending more time at power forward alongside Bam Adebayo.
“Being able to play high-low or being able to space the floor while a traditional five operates in the paint is something that I can add high value to,” Love said. “So I think it’s something that’s there. I’m sure it’s something that we’ll toy with and see in training camp. But I think it could be something that could happen this year.”
There’s more on the Heat:
- First-round pick Kel’el Ware put on a dominant performance Sunday in his second Summer League game with 26 points, 11 rebounds, three assists and a block, Chiang adds in a separate story. The 20-year-old center said he had to “get the jitters out” after his first contest, and he focused more on controlling the lane area than shooting three-pointers. “Right now, my shot is feeling a little short,” Ware said. “So I wanted to get to the basket more and just be more of a target in my presence, be more in the paint today. I felt like I did that a little bit.”
- Several teams remain interested in Heat free agent Haywood Highsmith, tweets Michael Scotto of HoopsHype. Although he doesn’t identify any of them, Scotto says that Highsmith is getting “recruitment pitches from Hall of Fame players and championship coaches.” Miami, which is $6.8MM away from the second apron, remains in talks with the 27-year-old forward, Scotto adds.
- Barry Jackson of The Miami Herald examines some of the criticism being leveled at Heat management in the midst of a disappointing offseason to determine what’s legitimate and what isn’t.
Stephen Curry Talks About Losing Klay Thompson
Speaking to Kendra Andrews of ESPN, Stephen Curry speculated that the NBA’s new rules will make it difficult for another team to ever have long-term success like the Warriors.
Curry, Draymond Green and Klay Thompson won four titles together and formed the core of their team for more than a decade. With the introduction of an additional tax apron in the latest Collective Bargaining Agreement, the roster became too expensive and too restrictive to keep together and their partnership ended last week when Thompson reached an agreement with the Mavericks.
“I don’t think [it will be replicated] just because it’s very hard to keep things together in this league,” Curry said. “A lot more player movement. Me, Klay and Draymond, we complemented each other so well for so long. We all brought something different to the table, so we’ll see. Records are meant to be broken. Dynasties come all different shapes inside of us, so we’ll see.”
Curry told Andrews that he “desperately” wanted Thompson to return to the team. However, there have been indications for several months that he wouldn’t get the offer he wanted from Golden State and was planning to explore his options in free agency. Curry also said he understands that Thompson needs a fresh start after 13 years in the Bay Area and expressed hope that he can rediscover the joy he had earlier in his career.
“It’s something that I never imagined would be a reality, but we want him to be happy,” Curry said.
Known as the “Splash Brothers” for their exceptional shooting, Curry and Thompson will be remembered as one of the most successful backcourts in NBA history. They made six trips to the NBA Finals, with Curry twice earning league MVP honors and being named Finals MVP in 2022. Curry was a 10-time All-Star during their years together, while Thompson was selected to five All-Star games.
Warriors coach Steve Kerr also participated in the interview, saying it’s odd to have Thompson playing for another franchise. He added that the feeling won’t fully seem real until the Warriors gather for training camp.
“This has become a family over the years and people have watched us grow and stay together and succeed and fail,” Kerr said. “So Klay leaves, it’s like, yeah, it’s bizarre for us, it’s bizarre for everybody. [But] everybody is given a ton of freedom here and they have to do what’s in their heart. The best thing for Klay, he needed a change.”
The loss of Thompson is part of a roster overhaul as Golden State tries to create a younger team with a smaller tax bill while still getting the most out of the end of Curry’s career. Andrews notes that Kyle Anderson, De’Anthony Melton and Buddy Hield have all been brought in this summer, and larger roles are expected for Jonathan Kuminga, Moses Moody, Brandin Podziemski and Trayce Jackson-Davis.
“Being in one place for my own career, and it’s like a broken record, but I know it’s really hard to do that,” Curry said. “I want to be greedy and say we can be relevant and be in the mix and give ourselves a realistic chance to win while I’m still growing these gray hairs and doing high school visits in the Bay [Area] for my daughter. It’s crazy. [It’s] just the nature of where I’m at. But yes, all that to say I love the Bay and the Bay is home and I never want that to change.”
Contract Details: George, Martin, Wiseman, Isaac, Hield, More
Following the end of the July moratorium on Saturday, teams wasted no time in officially finalizing many of the contracts they’d agreed to up until that point.
Now that those contracts have been completed, we have the official details on many of them. Here, via several reporters – including Keith Smith of Spotrac, Michael Scotto of HoopsHype, and cap expert Yossi Gozlan – as well as our own sources, are some of those notable details:
Players with trade kickers:
Lakers forward LeBron James (15%), Knicks forward OG Anunoby (15%), Sixers forward Paul George (15%), Sixers forward Caleb Martin (15%), Mavericks sharpshooter Klay Thompson (15%), and Mavericks forward Naji Marshall (5%) received trade kickers on their new free agent deals, while Celtics guard Derrick White (15%) got one on his contract extension.
As an aside, James’ exact starting salary in 2024/25 is $48,728,845, which is $1,258,873 below the maximum he could have earned.
Players who waived their right to veto a trade:
A player who re-signs with his team on a one-year contract (or two-year contract with a second-year option) is typically awarded the right to veto a trade, but has the option to waive that option.
Heat center Thomas Bryant, Rockets guard Aaron Holiday, Raptors wing Garrett Temple, and Magic teammates Gary Harris and Moritz Wagner all surrendered their right to veto a trade in 2024/25 and could be moved freely.
Unlikely incentives:
Nets center Nic Claxton ($97MM base + $3MM incentives), Pacers forward Obi Toppin ($58MM +$2MM), Suns forward Royce O’Neale ($42MM +$2MM), and Sixers forward Martin ($35,040,704 + $5,256,106) are among the players whose contracts include unlikely bonuses that would boost the total guaranteed salary if those incentives are reached.
As cap expert Albert Nahmad observes, the structure of Martin’s contract helped the 76ers maximize their cap room, since his unlikely incentives don’t count toward the cap once he signs.
It wouldn’t surprise me if Martin’s “unlikely” incentives are easier to earn than a typical player’s incentives would be — I don’t expect them to be for making an All-Star team or anything like that. An incentive is considered unlikely for cap purposes if the player wouldn’t have met the criteria the year before. For example, as Nahmad suggests, a bonus related to Martin making 24 or more starts would be considered unlikely because he started 23 games last season. Martin’s bonuses – considered “unlikely” for cap purposes but perhaps “likely” to be earned in reality – could have served as a way to strengthen the Sixers’ offer without sacrificing that extra cap room.
It’s also worth noting that a player’s unlikely incentives can’t exceed 15% of his guaranteed base salary, and Martin’s $5,256,106 in incentives represent exactly 15% of his overall $35,040,704 salary.
Partial or non-guarantees and options:
James Wiseman‘s two-year, minimum-salary contract with the Pacers is guaranteed for $500K in year one, with a team option for 2025/26. That team option would be guaranteed for $569,041 if exercised (ie. the same percentage as his first-year salary).
Luka Garza got a similarly structured two-year, minimum-salary deal with the Timberwolves, except his first year is fully guaranteed prior to his second-year team option. That 2025/26 option would be guaranteed if picked up.
As previously reported, Isaiah Hartenstein‘s three-year, $87MM deal with the Thunder includes a team option for 2026/27. It’s worth $28.5MM, with $58.5MM in guaranteed money across the first two seasons.
Magic teammates Harris ($7.5MM) and Wagner ($11MM) each have second-year team options on their two-year deals.
The Rockets used their full bi-annual exception to give Holiday a two-year deal worth $9,569,400 that includes a second-year team option ($4,901,400).
Neemias Queta‘s three-year, minimum-salary contract with the Celtics is fully guaranteed in year one with a partial guarantee of exactly 50% ($1,174,789 of $2,349,578) in year two, plus a third-year team option for 2026/27. The third-year option ($2,667,944) would be guaranteed for 50% ($1,333,972) if exercised. Since his minimum deal covers more than two years, a team wouldn’t be able to acquire Queta via the minimum salary exception if he’s traded down the road.
Jonathan Isaac‘s new long-term deal with the Magic is partially guaranteed ($8MM of $14MM) in 2026/27, with non-guaranteed salaries of $14.5MM in 2027/28 and $15MM in 2028/29. However, each of those salaries would become fully guaranteed if Isaac plays at least 52 games in the prior season. For instance, if Isaac were to appear in 54 games in 2026/27, his $14.5MM salary for ’27/28 would be fully guaranteed.
Sign-and-trade contracts:
Interestingly, Kyle Anderson‘s and Buddy Hield‘s new contracts with the Warriors have the exact same salaries for the first three seasons: $8,780,488, $9,219,512, and $9,658,536. Anderson’s three-year deal is fully guaranteed for the first two years and non-guaranteed in year three.
As for Hield, his four-year contract is fully guaranteed for the first two years, with a partial guarantee of $3MM for year three. His fourth year is a $10,097,560 player option that would be partially guaranteed for $3,136,364 if exercised.
Klay Thompson’s three-year contract with the Mavericks comes in at exactly $50MM, as reported — it starts at $15,873,016 and features 5% annual raises.
Jonas Valanciunas‘ three-year contract with the Wizards is worth $30,295,000 in total, beginning at $9.9MM (which is the amount of the trade exception generated for the Pelicans). It’s fully guaranteed for the first two seasons and non-guaranteed in year three.
Cody Zeller got a three-year, $11,025,000 deal in the sign-and-trade that sent him from New Orleans to the Hawks. The first year is guaranteed for $3.5MM, with two non-guaranteed seasons after that.
Finally, as part of the Mikal Bridges trade, new Nets guard Shake Milton got a three-year, $9,162,405 contract that has a guaranteed first-year salary of $2,875,000, with two non-guaranteed years after that ($3MM in 2025/26 and $3,287,406 in ’26/27). His teammate Mamadi Diakite, who was also sent to Brooklyn in the trade, had his $2,273,252 salary partially guaranteed for $1,392,150.
Milton’s $2,875,000 salary, Diakite’s $1,392,150 partial guarantee, and Bojan Bogdanovic‘s $19,032,850 salary add up to $23.3MM, which is equivalent to Bridges’ salary — the exact amount of outgoing salary the Knicks needed to send to avoid being hard-capped at the first tax apron.
LeBron Was Willing To Give Bigger Discount For Impact Player
LeBron James took less than the maximum in his latest two-year contract with the Lakers in order to give the front office more financial flexibility. He cited his strong “working relationship” with the club in an interview with ESPN’s Dave McMenamin.
“We are in a relationship and anybody knows relationships, [knows that] it’s all about committing,” James said. “It’s also about doing things to help both sides. So, we’ve been in a working relationship going on seven years … so that’s what it’s about.”
According to McMenamin, James left nearly $3MM on the table in order to help L.A. avoid the second tax apron. James, who opted out of his previous contract prior to free agency, signed his two-year pact over the weekend.
Rich Paul of Klutch Sports, James’agent, told McMenamin that James was willing to take even less money to open up the $12.9MM non-taxpayer mid-level exception for the Lakers to use to try to sign an “impact player.” The players that they hoped could be attainable for the mid-level or via sign-and-trade included Klay Thompson, James Harden, Jonas Valanciunas and DeMar DeRozan. The Lakers weren’t able to land any of them.
“It takes two to tango,” James said. “I think our front office, our coaching staff, they tried to do the job that they wanted to do or tried to get guys to come and it didn’t happen. And that’s OK. That’s part of the business. I’ve been in this business long enough to know that sometimes it happens, sometimes it don’t. So we don’t sit here and lie about or cry about it. We move on and Klay’s a great player. Obviously DeMar’s a great player. Valanciunas was one of those guys who ended up going to Washington, was someone that was in talks with us, but we move on to see how we continue to get better.”
Unless they make a trade down the road, Lakers are basically running it back with virtually the same roster. Yet, James isn’t discouraged.
“We’ve done it before and we still have two guys who commit every single day with myself and (Anthony Davis). We commit to excellence and commit to win,” he said. “And we feel like any situation, any given year, we can put ourselves in a position to be able to succeed. And we’re not that far off. We were one year removed from the Western Conference Finals. Obviously, this year it didn’t go as well this past year. Didn’t go as well as we would like, but we’re not that far off.”
Of course, James has another reason to feel good about the front office. The Lakers drafted son Bronny James in the second round, which touched off a wave of criticism that he was undeserving of being selected. However, LeBron says his son simply ignores the outside noise.
“I don’t know if people really understand Bronny,” he said. “He doesn’t care. I actually care a little bit. When I came in [as a rookie], I wanted people to like me and some of the things that people were saying about me kind of bothered me early on in my career. … He doesn’t give a (bleep). He does not care about nobody. He doesn’t even listen to that stuff. He’s like the coolest. He’s like the complete opposite of his dad.
Pacers Sign Johnny Furphy To Four-Year Deal
The Pacers have signed second-round pick Johnny Furphy to a four-year, $8.59MM contract, Michael Scotto of HoopsHype tweets. The fourth year is a team option.
Furphy was projected as a first-round pick and even had a green room invite but slipped to the second round. He was part of a draft night trade after being selected by the Spurs with the No. 35 selection.
Indiana is using the second-round exception to sign Furphy. The max allowed under the second-round exception on a four-year deal is around $9.06MM, so Furphy took a little less than that.
Players who are signed using the second-round pick exception won’t count against a team’s cap between July 1 and July 30 of their first season.
He averaged 9.0 points and 4.9 rebounds in 24.1 minutes per game in his one-and-done season at Kansas.
Central Notes: Furphy, Walker, LaVine, Pistons’ Moves
Johnny Furphy had the unfortunate experience of sitting in the green room during the first day of the draft and not getting selected. The Pacers nabbed the former Kansas forward early in the second round. He came to the Summer League team ready to go.
“It’s something I’d been working for my whole life,” Furphy told Dustin Dopirak of the Indianapolis Star. “It was just a massive relief. It was great to have my family there to share those moments with them. It was a dream come true. It’s pretty surreal, it’s just slowly settling in now that this is reality. It’s exciting.”
We have more from the Central Division:
- The Pacers drafted Jarace Walker last year as a power forward. With Pascal Siakam re-signing with the club, Walker will get extended minutes at small forward during Summer League play. He’ll also get opportunities to handle the ball, according to Dopirak. “I feel like playing the three, I’m bigger and longer. I’m usually stronger so I’m probably going to have a smaller, quicker matchup,” he said. “Being able to move my feet, stay in front of those matchups and keep them from going downhill. That’s always been kind of my strong suit almost, my defensive versatility being able to guard multiple positions. It will be a challenge, but nothing I haven’t done for.”
- The Bulls and Kings worked out a three-team deal in which DeMar DeRozan will head to Sacramento in a sign-and-trade. Chicago attempted to trade another starter to the Kings before the DeRozan deal materialized, according to K.C. Johnson of NBC Sports Chicago. The two teams held trade talks centered on Zach LaVine. The Bulls will continue their efforts to trade LaVine and they now have two second-round picks coming in the DeRozan deal to help facilitate a potential trade.
- So far, Trajan Langdon has shown patience in his first year as the Pistons’ president of basketball operations and that’s a good thing, James Edwards III of The Athletic opines. Langdon has brought in veterans on short-team contracts with proven shooting ability to help out Cade Cunningham. He’s also got more cap space available to acquire other players in salary dumps with assets attached, as he did with Dallas in the Tim Hardaway Jr. trade.
- In a similar piece, Shawn Windsor of the Detroit Free Press asserts that the moves Langdon and his front office staff have made gives the Pistons some semblance of a modern NBA roster. Doubling last season’s 14-win total isn’t out of the question with the veterans they’ve added to help balance the roster, Windsor adds.
Sixers Sign Tyrese Maxey To Five-Year Max Contract
JULY 7: The signing is official, according to a team press release.
“Tyrese subscribes to the philosophy that every day is a chance to get one percent better and he’s proven that and then some in his first four seasons in the NBA,” top exec Daryl Morey said. “He comes from an amazing family and is one of the hardest workers I’ve ever met. … This extension is a reflection of our belief in Tyrese and I can’t wait to watch his continued evolution as a leader and superstar.”
JULY 1: As expected, the Sixers and restricted free agent guard Tyrese Maxey have reached an agreement in principle on a five-year, maximum-salary contract, sources tell ESPN’s Adrian Wojnarowski (Twitter link).
As our breakdown of the maximum salaries for 2024/25 shows, Maxey’s new deal will start at $35,147,000 (25% of this year’s salary cap) and will be worth a total of $203,852,600. It’ll be fully guaranteed, with no option in year five, Wojnarowski adds (via Twitter).
Maxey initially became eligible for a rookie scale extension last July, but word broke just over a year ago that the Sixers wouldn’t be pursuing a new deal with the rising star at that time, since they wanted to maximize their cap room for 2024.
By letting Maxey reach free agency instead of extending him early, Philadelphia is carrying a cap hold worth just $13MM for the guard this summer instead of having him on the books for $35MM+, which helped clear the path for the team to land Paul George on a maximum-salary contract.
After Maxey agreed to put off his payday by a year, there was always an expectation that the 76ers would take care of him in restricted free agency, but he made that decision even easier by leveling up as the club’s lead guard in 2024/25 following the early-season trade of James Harden.
Maxey averaged 25.9 points, 6.2 assists, and 3.7 rebounds in 37.5 minutes per game across 70 outings (all starts) this past season, posting a shooting line of .450/.373/.868. The performance earned him the 2024 Most Improved Player award.
The No. 2 free agent on our top-50 list, Maxey is the third player in the 2024 FA class to agree to a maximum-salary contract this summer, joining his new teammate George and Pacers forward Pascal Siakam. Lakers star LeBron James could join that group in the coming days, though the terms of his next deal remain up in the air as L.A. considers its roster options.
If he had made an All-NBA team this season, Maxey would’ve qualified for a contract that started at up to 30% of this year’s cap instead of 25%, increasing his potential earnings to $244.6MM. While he did earn All-NBA votes, the 23-year-old finished a little outside of the top 15, missing out on meeting the Rose Rule criteria.
The 76ers will use up all their cap room before going over the cap to officially re-sign Maxey using his Bird rights.