Most of the free agent deals and all of the trades that were reported during or before the July moratorium have since been officially finalized, but there are still a handful of signings that we’re waiting on. Here’s a quick breakdown of the reported free agent contracts that have not yet been formally completed and announced:
Brooklyn Nets:
The Nets are the only NBA team that still has cap room remaining, so they’re likely weighing their options for how best to use that space before officially cutting into it by signing Sharpe and/or Williams. It’s possible that one of those two contracts will eventually slot into the room exception in order to help Brooklyn maximize its cap space.
Dallas Mavericks:
The Mavericks are hard-capped at the second tax apron as a result of using their taxpayer mid-level exception to sign D’Angelo Russell. Signing Exum, even for the minimum (which will likely be what his new deal is worth), would push their team salary above that hard cap, which isn’t permitted. So Dallas will need to make a cost-cutting move before officially finalizing Exum’s deal. Former first-round pick Olivier-Maxence Prosper is considered a trade candidate.
Memphis Grizzlies:
- Santi Aldama (three years, $52.5MM)
- Ty Jerome (three years, $27.66MM)
- Cam Spencer (four years, $10.5MM)
- Jock Landale (one year, minimum salary)
The Grizzlies needed to finalize Cole Anthony‘s buyout and renegotiate Jaren Jackson‘s contract using cap room before making all of these moves, which can be completed without using cap space. Anthony’s buyout and Jackson’s renegotiation both happened over the weekend, so I’d expect Memphis to start officially finalizing these signings soon — perhaps even as soon as today.
Minnesota Timberwolves:
It’s not entirely clear why the Timberwolves‘ two big deals for their power forwards have been delayed. My best guess is that Minnesota is waiting on a decision from another free agent on an offer that would use the team’s taxpayer mid-level exception.
In that scenario, the Wolves would want to get Reid’s and Randle’s first-year salaries as low as possible to ensure their team salary stays below a second-apron hard cap. If there’s not another non-minimum free agent incoming, the club could potentially increase Reid’s and Randle’s first-year salaries slightly. That’s just my speculation, however.
Many two-way deals and Exhibit 10 agreements around the NBA have also been reported and not yet finalized, but those won’t affect teams’ cap situations, so the ones above are the ones we’re keeping the closest eye on.
These clarifications are extremely helpful!