Atlantic Notes: Nets, Thomas, Edgecombe, Bridges
The Nets still have significant cap space this summer, observes Yossi Gozlan of The Third Apron (Substack link). The club is also still in a bit of a contract stalemate with restricted free agent guard Cam Thomas.
For now, including cap holds, Brooklyn has $28.1MM in available cap room, per Gozlan. Although Brooklyn has agreed to new deals with its own free agents, wing Ziaire Williams and center Day’Ron Sharpe, the agreements are not yet official.
Noting that those signings have been held up as Brooklyn looks into potential trades using its cap real estate, Gozlan proceeds to detail the mechanisms available to the Nets to bring back one or both players — and how a new Thomas contract could complicate matters.
At most, Brooklyn can only have $15,464,700 in cap room when the season hits, so one way or another, more money will be on the books for the Nets soon. How the team navigates these deals remains to be seen.
There’s more out of the Atlantic Division:
- Although the Nets and Thomas appear to be far apart as their contract talks drag on, The New York Post’s Brian Lewis (subscriber link) submits strategies for the two sides hashing things out before the season. Lewis notes that, beyond agreeing to the offer Brooklyn has put on the table, Thomas could also decide to accept his qualifying offer and hit unrestricted free agency next summer. Lewis consulted with plugged-in sources about the advice they would give Thomas about the situation, if asked.
- Sixers rookie guard VJ Edgecombe received some words of wisdom prior to last month’s draft, from a very veteran source. The Baylor alum explained on new teammate Paul George‘s “Podcast P” show (YouTube video link) that Dallas sharpshooter Klay Thompson offered him some solid insights about the NBA. “Enjoy the journey,” Edgecome said Thompson told him (hat tip to Grant Afseth of Dallas Hoops Journal for the transcription). “He was like, ‘You’re gonna win championships and all that, but draft night? That’s the best time. You only do that once.’”
- The Knicks have enjoyed an eventful offseason so far, having brought in former two-time Coach of the Year Mike Brown to replace the recently exiled Tom Thibodeau, and added vets Guerschon Yabusele and Jordan Clarkson to round out their bench depth. But there’s still business to attend to. Stefan Bondy of The New York Post notes that signing All-Defensive forward Mikal Bridges to a new contract extension headlines three key items that should be on the Knicks’ remaining offseason agenda. Since the end of the playoffs, the 6’6″ swingman has been eligible for a deal that could be worth, at most, $156MM over four seasons.
Silver, Tatum Meet With UK PM, Possible Investors About European League
United Kingdom prime minister Keir Starmer held a meeting on Wednesday with NBA commissioner Adam Silver and deputy commissioner Mark Tatum regarding a potential NBA Europe league, sources inform insider Marc Stein of The Stein Line (Twitter link). Silver and Tatum are also holding court with various possible stakeholders about this new venture.
Stein tweets that, in addition to Starmer, Silver and Tatum have conferred with investment firm Redbird Capital Partners, private equity firms KKR and CVC, Abu Dhabi’s Department of Culture and Tourism, and representatives from Turkish soccer team Galatasaray. Silver and Tatum also met with the U.S.’s ambassador to the U.K., Warren Stephens.
Silver and Tatum’s meetings with possible European league investors included other basketball teams, in addition to the aforementioned private equity and investment firms, sovereign wealth funds, and government officials, a source tells Scott Soshnick and Dan Bernstein of Sportico. Private equity funds have been given a strict 20% ownership cap for any NBA team, although it remains unclear if that rule would remain in effect for this new league.
Soshnick and Bernstein also report that the new league could be supported by both the NBA and FIBA, and that a new team could be established in London specifically. The fresh league would employ FIBA rules, not NBA rules.
ESPN’s Tim Bontemps is convinced that a slate of two announced European regular season games for 2025/26, in combination with word of these meetings, makes a new European league something of an inevitability.
“This all goes back to the NBA Europe plan that the league is potentially looking to enact over the next couple of years,” Bontemps said during an appearance on NBA Today (Twitter video link). “Could be an expansion for the league, try to make a bunch of money over in Europe… This all points toward that league trying to get off the ground at some point here in the near future.”
Silver and FIBA secretary general Andreas Zagklis previously held a spring presser to verify that “exploratory” conversation were being held about a possible new European league, which would tentatively feature 12 permanent teams and four wild-card spots. The possibility of extant EuroLeague squads getting involved was floated.
Current NBA owners are expected to own a stake in the new league at large, but would not own individual teams.
Atlantic Notes: Casey, Raptors, Council, Thomas
Former Raptors head coach Dwane Casey, now working in a front office role with Detroit, has been through several rounds of interviews about potentially filling Toronto’s vacant team president role and will meet with Maple Leaf Sports & Entertainment for a final round of meetings this week, writes Omari Sankofa II of The Detroit Free Press (subscriber link).
In his seven seasons as a coach with the Raptors, Casey led Toronto to a 320-238 regular season tally and a 21-30 playoff record, which included an Eastern Conference Finals run in 2016.
There’s more from around the Atlantic:
- Eric Koreen of The Athletic takes stock of how much the Raptors can preserve the culture the organization built under Masai Ujiri after firing the longtime team president last month. Several trusted former Ujiri associates continue to occupy major front office roles with the club, with general manager Bobby Webster in the running for Ujiri’s former position. Developing international veterans, staying patient with coaches and core players, and preaching self-confidence to Toronto fans are all key Ujiri-era attributes Koreen hopes stick around.
- With limited spots left on their 15-man roster, the Sixers cut wing Ricky Council IV and his non-guaranteed deal on Friday. Keith Pompey of The Philadelphia Inquirer (subscriber link) breaks down the team’s decision to move on from the young guard/forward after just two seasons. After beginning his career on a two-way contract, Council saw that deal converted to a standard agreement in April 2024. With All-Stars Tyrese Maxey, Paul George and Joel Embiid all missing most of the subsequent 2024/25 season, the Sixers were hoping to see Council grow as an athletic ball-handler and play-maker while developing his long-range game, Pompey writes. Instead, he struggled to score efficiently or control the rock. In 73 healthy games for Philadelphia last year, the 6’6″ pro averaged 7.3 points, 2.9 rebounds, and 1.3 assists per contest, with a shooting line of .382/.258/.804. The Sixers now have two open roster spots, with restricted free agent Quentin Grimes likely to fill one of them.
- Restricted free agent Nets shooting guard Cam Thomas remains unsigned nearly four weeks into the 2025/26 league year. Anthony Puccio of NetsDaily analyzes the standoff, and makes the case for retaining one of the team’s most exciting and prolific young scorers.
Thomas Bryant Reportedly Nearing Deal With Panathinaikos
Free agent Pacers reserve center Thomas Bryant is nearing a new deal to leave the NBA and sign with the Greek club Panathinaikos, per a report from TeleSport (Twitter link; hat tip to Kevin Martorano of Sportando).
The 6’10” Indiana alum was traded from the Heat to the Pacers last season after a pair of Indiana big men, James Wiseman and Isaiah Jackson, both went down early with Achilles tears. Across 56 healthy games with the Pacers, Bryant averaged 6.9 points, 3.9 rebounds, 0.9 assists, 0.5 blocks, and 0.5 steals in 15.1 minutes per night.
Bryant was employed spottily in head coach Rick Carlisle‘s rotation throughout Indiana’s run to the NBA Finals. In 20 games, he averaged 2.6 PPG and 1.4 RPG with a shooting line of .485/.500/.786 in 8.4 MPG.
The 27-year-old big man has suited up for five teams across his eight NBA seasons. If he ends up finalizing a deal with Panathinaikos – or another European club – it would be the first time he has played professionally overseas.
Panathinaikos has been hoping to bring in an NBA-caliber center throughout the summer, as Martorano observes. Talks fell apart with center Jonas Valanciunas when it became apparent that Denver didn’t want to release its newly acquired backup big man.
Nuggets Sign Curtis Jones To Two-Way Deal
July 21: The Nuggets have officially signed Jones to a two-way contract, per NBA.com’s transaction log.
July 20: Undrafted free agent former Iowa State guard Curtis Jones has agreed to a two-way deal with the Nuggets, his NEXT Sports agent Austin Walton tells Shams Charania of ESPN (Twitter link).
As Charania notes, Jones’ Summer League performance for Denver’s Summer League squad clearly inspired the signing. The 6’4″ swingman notched averages of 14.6 points, 4.4 rebounds, 3.8 assists, 0.8 steals and 0.6 blocks in just 20.2 minutes per game, with shooting averages of 54.9% from the floor and 46.7% on three-pointers.
Jones spent his first two NCAA seasons with Buffalo, which included a 2023 All-MAC honor, before transferring to Iowa State. Last year, he was named the Big 12 Sixth Man of the Year and to the All-Big 12 first team for his play. In 34 bouts, he averaged 17.4 PPG, 4.2 RPG, and 2.3 APG, with shooting splits of .430/.374/.845.
Reporting after last month’s draft indicated that Jones had agreed to sign with Denver, but no further details were provided at that time, so it was presumed to be a training camp agreement. His strong Summer League showing lined him up to join Tamar Bates and Spencer Jones as the Nuggets’ two-way players.
Grizzlies Sign PJ Hall To Two-Way Contract, Waive Zyon Pullin
4:00 pm: Hall’s signing is now official, per a Grizzlies press statement (Twitter link). Memphis has announced that Pullin has been waived, meaning the team will still have an open two-way roster slot.
3:52 PM: Free agent center PJ Hall has agreed to sign a two-way deal with the Grizzlies, his ProMondo Sports agent Matt Bollero informs Shams Charania of ESPN (via Twitter).
Hall went undrafted out of Clemson in 2024, but inked a two-way deal with Denver for the 2024/25 season. The 6’8″ big man split his minutes between the Nuggets and their NBAGL affiliate, the Grand Rapids Gold.
Hall appeared in 19 contests for Denver proper last season, averaging 1.7 points and 1.2 rebounds in just 3.5 minutes per game. In 20 total outings for the Gold, however, he posted some impressive numbers, averaging a double-double (18.9 PPG, 11.8 RPG) along with 1.8 assists and 1.1 blocks in 32.0 minutes per game.
Hall has been plying his trade this month for the Hornets’ Summer League team. Across five Summer League contests for Charlotte, the 23-year-old averaged 9.2 PPG, 5.6 RPG, 1.6 BPG, and 1.0 APG.
He’ll join fellow two-way signings Zyon Pullin and Javon Small in Memphis. As a two-way player, Hall is eligible to suit up for as many as 50 contests with the Grizzlies’ standard roster. He’ll likely be transferred back and forth between the Grizzlies and the team’s G League affiliate, the Memphis Hustle.
Thunder Notes: Mitchell, New Arena, Two-Way Spot
Thunder guard Ajay Mitchell missed 46 contests during his 2024/25 rookie season due to toe surgery en route to an NBA title, but he’s putting a positive spin on his extended injury absence, per Mark Medina of Sportskeeda.
“I think it was a great learning experience for me,” Mitchell said. “It was my first major injury. So going through that and learning how to manage that and learning how to play in the NBA was a great first year for me. I learned a lot. I’m really excited for the future.”
Mitchell was selected with the No. 38 pick out of UC Santa Barbara last summer. In his 36 healthy contests, the 6’5″ shooting guard averaged 6.5 PPG, 1.9 RPG, 1.8 APG and 0.7 SPG across 16.6 MPG.
Head coach Mark Daigneault clearly has confidence in Mitchell’s upside. The 23-year-old was deployed in spot minutes during the postseason after being sidelined for over three months, suiting up for 12 contests as a deep-bench option.
“My first year being able to compete in the playoffs and learn what the playoffs really is was awesome for me,” Mitchell said. “It’ll help me become a better player and help me know where I can impact a game. Defensively, I can be really aggressive and pick up full court. Offensively, I can make simple plays and make the right play.”
There’s more out of Oklahoma City:
- Oklahoma City mayor David Holt supplied a sneak peak at the Thunder‘s impending new homecourt, dubbed Oklahoma City New Arena, per OKC.gov. “The primary purpose of our new arena was to secure a long-term future with major league professional sports, and to keep us competitive for concerts, but there are secondary benefits as well,” Holt said. “One of those other benefits is the opportunity to raise the aesthetic bar in our downtown and to make an architectural statement.” According to Joe Mussatto of The Oklahoman (Twitter link), Holt indicated that the new locale will seat fewer people than the Thunder’s current home, the 18,203-capacity Paycom Center, with its capacity likely in the 17,000s.
- The Thunder still have one two-way roster spot available as of this writing. Rylan Stiles of Oklahoma City Thunder On SI pitches five possible fits for the team’s last two-way player, including top non-rostered Summer League player Chris Youngblood, an undrafted rookie guard out of Alabama.
- In case you missed it, Thunder center Chet Holmgren‘s new maximum-salaried contract extension does not include Rose Rule language, unlike the recently signed extension for All-Star wing Jalen Williams.
Lakers Waive Shake Milton
The Lakers are waiving guard Shake Milton, per Shams Charania of ESPN (Twitter link).
Milton’s $3MM salary for the 2025/26 season would have become guaranteed if he had remained under contract through Sunday. Charania notes that L.A. is carving out room below the first tax apron for forthcoming new addition Marcus Smart.
As Bobby Marks of ESPN notes (via Twitter), the move now puts Los Angeles $3.9MM below the league’s first luxury tax apron. Another transaction will be necessary in order for the team to sign Smart to a deal worth the full bi-annual exception ($5.1MM).
Los Angeles recently picked up its club option on the $2.3MM contract of young, defense-first guard Jordan Goodwin, but only $25K of Goodwin’s salary is guaranteed as of now. He’s the only other Laker on a non-guaranteed deal, so he would likely be the odd man out unless the club trades or waives-and-stretches a player with a guaranteed salary.
Milton was a minimal contributor to head coach JJ Redick‘s rotation after being acquired as part of L.A.’s midseason trade for Dorian Finney-Smith.
Across 30 contests after being traded to Los Angeles, the 6’5″ SMU alum averaged 3.9 PPG, 1.8 RPG, and 1.3 APG in 11.5 MPG. The 28-year-old wasn’t in Redick’s rotation in the postseason, appearing in just two games for 2.0 MPG.
Raptors Notes: Poeltl, Webster, Ujiri, Ingram
Newly extended Raptors center Jakob Poeltl will serve as an integral frontcourt piece for Toronto this year, in part because the team is light at the center position beyond the 29-year-old, writes Michael Grange of Sportsnet.ca.
Earlier this summer, Poeltl inked a new four-year, $104MM deal that will keep him under contract through 2029/30. In 57 healthy games for Toronto last season, the seven-footer out of Utah averaged 14.5 points, 9.6 rebounds, 2.8 assists, 1.2 blocks, and 1.2 steals per contest.
Grange notes that free agent addition Sandro Mamukelashvili could add jump shooting and face-up scoring in spot minutes, but suggest that Poeltl being an established commodity means he will be heavily leaned upon.
No. 57 pick Ulrich Chomche may be raw, but Grange observes that the 19-year-old has shown some potential already in Summer League.
The Raptors, meanwhile, made a big front office move this summer when they parted ways with longtime team president Masai Ujiri. The move happened while Poeltl was in the midst of contract negotiations on his extension.
“Obviously that was an extra conversation there, like, ‘Hey, does this change anything, what’s going on, what’s the deal with our future?’” Poeltl said. “But honestly, at the end of the day, it didn’t change much.”
Here’s more on the Raptors:
- According to Josh Lewenberg of TSN.ca, Toronto’s search for its new president — and a promise from the club’s new ownership group to continue making changes — has left people within the organization uneasy. “Everybody is scared,” a source told Lewenberg. “The closer you are to the top, the more you feel it.”
- Lewenberg proceeds to make the case for Ujiri’s longtime second-in-command, general manager Bobby Webster, to become his permanent replacement. However, he says the Raptors’ ownership group (Maple Leaf Sports & Entertainment) enlisted the services of search firm CAA Executive Search, who submitted a list of recommended targets to the MLSE board last week.
- What the team’s next personnel moves will be remain unclear. Several sources have described Ujiri as the “driving force” behind Toronto’s trade for former All-Star forward Brandon Ingram, per Lewenberg. Whether Ingram would remain a core part of the retooled roster under a new regime remains uncertain.
- Lewenberg notes that the team could also potentially keep Webster in his current position, handling basketball operations, before making a long-term commitment to him.
Adam Silver Talks Expansion, TV Deals, Blazers Sale, More
Following the NBA’s Board of Governors meetings in Las Vegas this week, league commissioner Adam Silver stated in a press conference that the idea of expansion is being formally explored, per Kevin Pelton of ESPN. Still, Silver offered plenty of caveats before committing to a timeline.
“A lot of analysis still needs to be done and nothing’s been predetermined one way or another, and without any specific timeline,” Silver said. “We’re going to be as thorough as possible and look at all the potential issues.”
Silver had previously indicated that, after the league negotiated its new media rights deals in 2024, expansion would be studied more thoroughly. A year after the deal was agreed upon, adding teams is at last on the table.
“We’re now engaging in this in-depth analysis, something we weren’t prepared to do before,” Silver said. “But beyond that, as I said, it’s really day one of that analysis. In terms of price, potential timeline — too early to say. And again, I think that also assumes the outcome of this analysis. It is truly a complicated issue.”
The new media deals — splitting broadcasting rights between ABC/ESPN, NBC/Peacock, and Amazon — will begin during the 2025/26 season. While the 11-year agreements with those partners have locked in the league’s national broadcasting plans for more than a decade, the long-term local regional broadcast rights for teams remain an area of concern, the commissioner cautioned.
“We would be malpracticing if we didn’t figure out how local regional television is going to work before expanding,” Silver said. “The notion that we would hand over a team into a city where we’re not currently operating and say, ‘You’re going to have to figure out how you’re going to distribute your games to your local fans’ doesn’t make sense.”
Silver added that the impending sales of two top NBA franchises, the Lakers and Celtics, for a combined valuation of $16.1 billion, have helped affect the league’s value, even with local TV deals being so tenuous, notes Tim Reynolds of The Associated Press.
“There’s no question that those purchase prices have an impact on any economic analysis of teams, so it doesn’t necessarily complicate it more, but it certainly is an indication of value,” Silver said. “And one other factor we have to look at: we’re trying to think what is the value of expansion, what does it mean to dilute the existing equity, and how additive is this potentially to the league by adding an additional team.”
Another NBA franchise, the Trail Blazers, is currently up for sale. As Sean Highkin of The Rose Garden Report (Substack link) relays, Silver made it clear he wouldn’t want a new owner to relocate the franchise.
“It is our preference that that team remains in Portland,” Silver said. “We’ve had great success in Portland over the years. I don’t have a specific update on the process, but I know it is underway and there are groups that are actively engaged with the estate. One of the factors there is that the city of Portland likely needs a new arena, so that will be part of the challenge for any new ownership group coming in. But it would certainly be our preference for that team to remain in Portland.”