Wizards Sign Saddiq Bey To Three-Year Deal
JULY 12: The Wizards have officially signed Bey, according to the NBA’s transaction log.
The three-year deal includes $19MM in guaranteed money, with another $1MM in incentives, tweets Josh Robbins of The Athletic.
JULY 10: The Wizards and free agent forward Saddiq Bey have reached an agreement on a three-year, $20MM deal, agents James Dunleavy and Jordan Gertler tell Adrian Wojnarowski of ESPN.
Bey, who began his NBA career with the Pistons, was traded to Atlanta at the 2023 deadline and spent the past season-and-a-half with the Hawks. In 2023/24, he appeared in 63 games for the club, starting 51. He averaged 13.7 points, 6.5 rebounds, and 1.5 assists in 32.7 minutes per game on .416/.316/.837 shooting before a torn ACL ended his season in March.
That ACL tear complicated Bey’s free agency this summer. Despite his up-and-down season prior to the injury, a healthy version of the 25-year-old would almost certainly have received his $8.49MM qualifying offer to make him a restricted free agent.
However, because Bey could spend most – or all – of the 2024/25 season recovering from ACL surgery, it would have been a risk for Atlanta to put that qualifying offer on the table. The 6’7″ forward could have accepted it, earned $8.49MM while recovering for most of the year, then signed elsewhere as an unrestricted free agent next summer. As a result, the team opted not to issue that QO, making him a UFA this offseason.
While the Hawks and Bey reportedly continued talking after they passed on his qualifying offer, the team is facing a bit of a roster crunch, leaving the former Villanova standout as an odd man out.
Washington, Bey’s hometown team, is going through a significant rebuilding process and won’t need contributions from him right away, making it an ideal fit. If Bey is healthy and productive in the second and third years of the contract, it’ll be a worthwhile investment for the Wizards, who project to be among the NBA’s worst teams in 2024/25 with or without him.
According to Josh Robbins of The Athletic (Twitter link), the Wizards view the former first-round pick as a “tough, hard-nosed culture guy” who will be a good addition to the locker room next season and will help on the court once he gets healthy. Bey’s contract won’t include a team or player option, Robbins adds (via Twitter).
The Wizards still have their entire mid-level exception available after using a trade exception to add Jonas Valanciunas on a three-year, $30MM+ contract via sign-and-trade, so it looks like they’ll use a portion of that MLE to sign Bey. Once the deal is complete, Washington will have 14 players on guaranteed contracts, with two more (Eugene Omoruyi and Jared Butler) on non-guaranteed salaries.
How The Sixers Used Every Dollar Of Their Cap Room
It has been rare in recent years for contending teams to operate under the cap in order to pursue star free agents. In each of the four NBA offseasons prior to 2024, between four and eight teams opened up cap room, and the majority of those clubs were coming off losing seasons and weren't going after top-tier free agents.
Prior to 2024, the last time an All-NBA-caliber free agent changed teams using cap room was in 2019, when Kawhi Leonard headed to Los Angeles and Kevin Durant and Kyrie Irving landed in Brooklyn. Both the Clippers and Nets were coming off winning seasons and viewed their free agent additions as moves that would help push them over the top, cementing their place among the NBA's top tier.
Despite the fact that no team had replicated that free agency feat in five years, Sixers president of basketball operations Daryl Morey began heading down that path over a year ago. When word broke in June of 2023 that Philadelphia wouldn't be pursuing a rookie scale extension with rising star Tyrese Maxey, it became clear that Morey's front office was prioritizing 2024 cap flexibility in the hopes of adding another All-Star to the club's core.
Not only did the 76ers achieve that goal, but they cleverly made use of every single dollar of their cap space and their room exception to sign nine-time All-Star Paul George and three additional rotation players while preserving a possible trade chip who could help them further maximize their flexibility.
Let's take a closer look at how the Sixers have navigated the cap and made the math work so far this offseason:
The 76ers had 13 of 16 players from last season's roster become free agents on July 1, as RealGM's transaction log shows, meaning they entered the new league year with just three players under contract: star center Joel Embiid ($51,415,938), backup big man Paul Reed ($7,723,000), and 22-year-old guard Ricky Council ($1,891,857).
Tyus Jones, Gary Trent, Isaac Okoro Among Top Remaining FAs
The 2024/25 league year began just 10 days ago, but our list of this year’s top 50 free agents has been picked pretty clean. Of those 50 players, 42 have either agreed to deals or officially signed new contracts, leaving just eight still on the board.
Here are those eight players:
Tyus Jones, G- Gary Trent Jr., G
- Isaac Okoro, F (Cavaliers RFA)
- Luke Kennard, G
- Precious Achiuwa, F/C
- Markelle Fultz, G
- Cedi Osman, F
- Gordon Hayward, F
Jones’ ongoing availability surprises me a little, given that he’s coming off a career year. Considered one of the league’s top backup point guards for several seasons, Jones got his first opportunity to be a full-time starter in 2023/24 and delivered — his .489 FG%, .414 3PT%, 12.0 PPG, and 7.3 APG were all career highs, and no one in the league is better at protecting the ball (his 1.0 turnover per game in ’23/24 was the worst mark of his career).
John Hollinger of The Athletic succinctly summed up Jones’ dilemma in free agency this week, writing, “(Jones) wants to be a starter and wants to do it for a team better than the Wizards, but he might have to settle for 50 percent of those goals.”
Of course, a lack of spending power and available roster spots around the NBA is also starting to become an issue for the top free agents left on the board. Only the Jazz and Pistons have significant cap room remaining, with Utah leading the way at about $35MM.
But the Jazz may end up needing about $24MM of that room in order to renegotiate Lauri Markkanen‘s salary up to his maximum next month in order to get an extension done with the star forward. If that’s the plan, they’re not in position to offer a free agent more than about $11-13MM (depending on what they do with a pair of partially guaranteed contracts).
The Pistons used up some of their cap room when they claimed Paul Reed‘s $7.7MM salary off waivers this week. If Detroit wants to free up more space, Reed could always be waived, since his salary is still non-guaranteed. As long as he’s the books, the team could get up to about $20MM by completing Malik Beasley‘s reported one-year, $6MM deal using the room exception instead of cap space.
There are plenty of teams around the NBA who still have the full $12.8MM non-taxpayer mid-level exception on hand, but most of those clubs won’t use it due to financial concerns. For instance, the Pacers haven’t touched their MLE and have an open roster spot, but they’re only about $2.5MM below the luxury tax line, so they’ll likely be inclined to stay out of tax territory. Virtually every other team that still has the full mid-level available is in a similar position and would become a taxpayer if they used their entire MLE.
Jones, Trent, and Okoro presumably all entered free agency hoping to easily exceed the non-taxpayer mid-level exception on their next contracts, but it’s getting harder to see how all of them will get there.
Okoro – a strong wing defender whose offensive game remains a work in progress – is perhaps the most interesting name left on the market. While there are still technically eight restricted free agents still on the board, Okoro is the only one who finished last season on a standard contract rather than a two-way deal, and he’s the only one who seems in line for a sizable payday this summer.
The Pistons were identified on June 30 as a potential suitor to watch for Okoro, who has spent his entire NBA career under new Detroit head coach J.B. Bickerstaff. If their interest is real, they’re in position to put some pressure on Cleveland with an aggressive offer sheet. The Cavaliers aren’t expected to balk at matching an offer in the $12-13MM range, but anything higher than that would put them well over the luxury tax line and potentially even over the first tax apron, so it wouldn’t be a no-brainer.
Trent and Kennard are reliable three-point threats, but don’t bring a whole lot else to the table, which has presumably limited their market. The Grizzlies still appear very interested in bringing back Kennard, whereas the door appears nearly closed for Trent’s return to the Raptors.
The Pistons looked like a potential fit for Trent at the start of free agency, but their deal with Beasley likely rules out the immediate need for another three-point gunner. Trent may have to find a team willing to bring him aboard using a portion of the mid-level exception or via sign-and-trade.
The most likely outcome for Achiuwa still seems to be a return to New York, given that the Knicks need help up front and hold his Bird rights. There hasn’t been much chatter about the remaining three free agents from our top 50 – Fultz, Osman, and Hayward – but I expect them to find NBA deals eventually.
Besides the players listed above, there are plenty of other veterans worth keeping an eye on in free agency, many of whom will likely end up on minimum-salary deals.
Teams in need of a point guard could look to Spencer Dinwiddie or Kyle Lowry, or perhaps to Patrick Beverley or Dennis Smith Jr. if they’re seeking a defense-first player. Sharpshooters like Seth Curry, Doug McDermott, Evan Fournier, and Davis Bertans are still available. So are solid backup wings like Justin Holiday, Lonnie Walker, Josh Okogie, Robert Covington, Jae Crowder, and Troy Brown. Both Morris brothers (Marcus Morris and Markieff Morris) remain unsigned as well, though Markieff appears likely to return to Dallas.
Our full list of available free agents can be found right here.
Timberwolves Promote Matt Lloyd to General Manager
The Timberwolves have promoted senior VP of basketball operations Matt Lloyd, announcing today in a press release that he has been named the team’s new general manager.
The promotion cements Lloyd’s place as the No. 2 man in Minnesota’s front office, behind only president of basketball operations Tim Connelly.
“We are thrilled for Matt and his well-earned promotion,” Connelly said in a statement. “He’s a wonderful teammate whose tireless work ethic and positivity have made a huge impact on our organization.”
Lloyd was one of Connelly’s first hires back in 2022 after having previously served in Orlando’s front office as an assistant general manager, interim GM, and VP of basketball operations. He also had a lengthy stint in the Bulls’ front office earlier in his career.
Lloyd was a finalist in Charlotte when the Hornets were seeking a new head of basketball operations earlier this year. According to Jon Krawczynski of The Athletic (Twitter link), even after they hired Jeff Peterson in that role, the Hornets offered Lloyd a similar role in their new-look front office to the one he had in Minnesota, but he opted to remain with the Wolves. Now he has been rewarded with a promotion.
Mavericks Re-Sign Brandon Williams To Two-Way Contract
The Mavericks have re-signed point guard Brandon Williams to a two-way contract, the team announced today in a press release.
Williams, 24, has been playing professionally since going undrafted in 2021, bouncing between the G League and the NBA during the past three seasons. He joined the Mavericks last December on a two-way deal and appeared in 17 regular season games for Dallas the rest of the way, averaging 3.2 points and 1.0 assist in 6.6 minutes per night.
In 19 outings at the G League level for the Osceola Magic and the Texas Legends in 2023/24, Williams averaged an impressive 25.3 points, 6.1 assists, and 4.9 rebounds in 34.9 minutes per game, posting a shooting line of .475/.345/.842.
The Mavericks issued Williams a two-way qualifying offer at the end of June, ensuring they’d have the right to match any offer he received from another team. Instead, he’s back under contract with Dallas on a new two-way deal, possibly having simply accepted that QO.
Dallas now has one available two-way slot, with Alex Fudge and Williams filling two of the three.
NBA Finalizes Media Rights Deals With ESPN, NBC, Amazon
The NBA has finalized deals with ESPN, NBC, and Amazon Prime, reaching agreements to make the three broadcasters its media rights partners for the next decade-plus, reports Andrew Marchand of The Athletic. According to Marchand, the 11-year contracts – which will go into effect with the 2025/26 season – will be worth a total of approximately $76 billion.
These agreements had been anticipated for quite some time, but they still don’t entirely close the book on the NBA’s latest round of media rights negotiations.
The next step, Marchand explains, will be for the league’s Board of Governors to officially approve the deals with the three prospective TV partners. That’s viewed as a formality and is expected to happen when the board meets in Las Vegas on Tuesday.
Once the Board of Governors signs off on the contracts, they’ll be sent to TNT Sports, the NBA’s longtime media partner, which was unable to agree to terms with the league during this round of negotiations. TNT’s previous deal with the NBA reportedly includes some form of matching rights, so the broadcaster will have five days to decide whether it wants to attempt to exercise those rights.
If TNT passes on that opportunity, the NBA is expected to officially announce its new media rights deal prior to the start of the Olympics later this month, according to Marchand.
If TNT opts to match one of the offers – the expectation is that Amazon’s package would be the target, per Marchand – it could extend the process. The expectation is that there could be a legal battle over whether TNT’s matching rights would be valid, given the differences between what a cable channel like TNT and a streaming giant like Amazon could offer the league.
Marchand provides some additional details on the broadcast plans, assuming ESPN, NBC, and Amazon ultimately move forward as the NBA’s partners:
- ESPN would slightly reduce its total number of games, from about 100 to 80 per season. During the NFL season, ESPN would air games on Wednesday and Sundays, with ABC getting Saturday night games. ESPN would also air Friday games after the NFL season concludes.
- NBC would air Sunday night games after the NFL season ends, emulating its “Sunday Night Football” broadcasts. NBC is also expected to broadcast games on Tuesday throughout the season, with Monday games on Peacock, its streaming service.
- Amazon Prime Video is expected to air games on Thursday nights after the NFL season wraps up, similar to its “Thursday Night Football” broadcasts during the NFL season. Amazon will also likely broadcast games on Fridays and Saturdays throughout the season.
- Amazon will be the home of the NBA’s in-season tournament.
- All three broadcast partners will air playoff games. Amazon and NBC will each have a conference finals every other year, while ESPN will have one every year. ESPN/ABC will also get the NBA Finals each season.
ESPN is expected to pay about $2.6 billion per season for its rights, while NBC will pay $2.5 billion and Amazon will pay $1.8 billion, per Marchand.
The NBA’s previous media rights agreement with TNT and ESPN, which began in the 2016/17 season, was worth $24 billion over nine seasons. The new money that came in as a result of that deal generated a significant salary cap spike in 2016 (approximately 35%), but the NBA and NBPA have taken steps to ensure that won’t happen again this time around, with annual cap increases capped at 10%.
Pacific Notes: DeRozan, Porter, Kawhi, Morris, Suns
DeMar DeRozan‘s three-year deal with the Kings came in at $73,710,000 in total base salary, with an additional $3MM ($1MM per season) in additional incentives, Hoops Rumors has confirmed. Michael Scotto of HoopsHype (Twitter link) first reported the details.
DeRozan’s third-year salary of $25,740,000 is partially guaranteed for $10MM, though that partial guarantee would increase to $12MM if he’s named an All-Star in either 2025 or 2026 or to $14MM if he makes the All-Star team in both seasons. That 2026/27 salary would also become fully guaranteed if DeRozan appears in at least 60 regular season games and his team makes the NBA Finals in either of the next two seasons.
Appearing at an introductory press conference on Tuesday, DeRozan explained that he decided to make the move to Sacramento because he views the Kings as a franchise on the rise and they expressed during the recruiting process that they badly wanted him to come aboard.
“The want that they showed going into free agency was amazing. I ain’t going to lie,” DeRozan said, per Jason Anderson of The Sacramento Bee. “It always feels good to be wanted somewhere and from day one they showed that, so it’s an honor to be able to represent this organization and build on what this organization has been doing the past couple years. It’s something special and I definitely want to be a part of it. I want to be one of the guys who hits the beam.”
Here’s more from around the Pacific:
- The NBA will be resuming its investigation into Kevin Porter Jr. now that he’s back in the league with the Clippers, reports Law Murray of The Athletic (Twitter link). Porter, who hasn’t been on an NBA roster since last October, reached a plea deal in January after facing assault and harassment charges for a domestic incident that took place last September. The NBA will look into that matter and determine whether or not to fine or suspend the 24-year-old.
- Concerns about Kawhi Leonard‘s right knee began to arise after Team USA managing director Grant Hill, U.S. head coach Steve Kerr, and Clippers president of basketball operations Lawrence Frank recently watched him work out at the Clippers’ practice facility, sources tell Broderick Turner of The Los Angeles Times. Leonard told reporters over the weekend that the knee – which sidelined him down the stretch in 2023/24 – had improved enough for him to play this summer, but USA Basketball announced today that Kawhi wouldn’t join the team in Paris, while Kerr told Turner that Leonard was “up and down” during the team’s practices in Las Vegas. “I thought the first day he was moving well early, not so much later, and it makes perfect sense because he’s coming off that injury,” Kerr said.
- Gerald Bourguet of PHNX Sports takes a look at what Monte Morris will bring to the Suns, observing that Morris’ comments suggest he knows exactly what the team needs from him. According to Bourguet, Morris, Kyle Lowry, and Ryan Dunn were Phoenix’s top three targets in free agency and the draft entering the offseason — the team has landed Morris and Dunn, and remains in touch with Lowry.
Cavs Notes: Wade, Hendry, Geriot, Travers, Okoro
Dean Wade missed the last 19 games of the Cavaliers‘ regular season and was only able to suit up for three of the team’s 12 playoff contests due to a right knee sprain. However, according to Chris Fedor of Cleveland.com (Twitter link), Wade is no longer experiencing any pain in that knee.
As Fedor details, the veteran forward took a few weeks off after the Cavs were eliminated from the postseason and then resumed working out in mid-June. He has been conducting full-court workouts in recent weeks with no issues, Fedor adds.
Here’s more out of Cleveland:
- Trevor Hendry, who worked under Kenny Atkinson for three years in Brooklyn, is joining Atkinson’s new staff in Cleveland as an assistant coach, league sources tell Michael Scotto of HoopsHype (Twitter link). Hendry was Brooklyn’s head video coordinator during Atkinson’s tenure but was later promoted to an assistant coaching role under Jacque Vaughn.
- The Cavaliers are still working through various coaching staff changes, according to Fedor, who tweets that veteran assistant Dan Geriot likely won’t remain with the team. The former head coach of Cleveland’s G League team, Geriot has been a Cavs assistant for several years, but appears likely to join the Pelicans in a front-of-the-bench role, says Fedor.
- Luke Travers, the 56th overall pick in the 2022 draft, will be with the Cavaliers for a third straight Summer League in Las Vegas. A 22-year-old guard/forward, Travers remains under contract with Melbourne in Australia’s National Basketball League, but has an NBA out in that deal and would be interested in making the move to Cleveland if the opportunity arises, Fedor writes for Cleveland.com. “ASAP,” Travers said of his timeline for making the move to the NBA. “You’re trying to get there as soon as possible, and you don’t want to wait around and stuff. I’ve just been trying to put in the work. … It’s all been positive talks (with the Cavaliers). They’re always trying to help me in any way they can and give me a little feedback here and there.”
- Sources tell Fedor that a spot on the Cavaliers’ roster for 2024/25 is unlikely for Travers, though there’s some curiosity within the organization about how he’d look in Atkinson’s system. The Cavs continue to negotiate with restricted free agent forward Isaac Okoro and are operating under the assumption that they’ll have just one roster spot left to fill if Okoro returns, Fedor explains. Cleveland currently has just 12 players on standard contracts, so that suggests the team doesn’t plan to immediately fill its 15th spot.
Team Canada Finalizes 2024 Olympic Roster
The Canadian national team has formally announced its 12-man roster for the Paris Olympics, making its final cuts ahead of Wednesday’s exhibition games against Team USA.
Team Canada’s 12-man squad is as follows:
- Shai Gilgeous-Alexander, G (Thunder)
- Jamal Murray, G (Nuggets)
- Nickeil Alexander-Walker, G (Timberwolves)
- Andrew Nembhard, G (Pacers)
- RJ Barrett, G/F (Raptors)
- Luguentz Dort, G/F (Thunder)
- Dillon Brooks, F (Rockets)
- Melvin Ejim, F (Unicaja)
- Trey Lyles, F (Kings)
- Kelly Olynyk, F/C (Raptors)
- Dwight Powell, F/C (Mavericks)
- Khem Birch, C (Girona)
While the group obviously isn’t as star-studded as the U.S. roster, it’s headed up by a 2024 MVP finalist (Gilgeous-Alexander) and a guard who was the second-best player on the 2023 NBA champions (Murray). In total, it features 10 active NBA players, and all of them played regular roles for their respective teams in 2023/24.
The only two non-NBA players are Birch, who spent six seasons in the league but now plays in Spain, and Ejim, a former Iowa State standout and a Team Canada veteran who has been a productive contributor for several teams in Europe since 2014.
Andrew Wiggins is among the notable names missing from Team Canada’s squad for Paris. He was on the original training camp roster but withdrew right before camp began due to what the Warriors referred to a mutual decision. Various reports, however, suggested that Golden State was the party driving that decision.
Grizzlies rookie Zach Edey also removed his name from the training camp roster in order to focus on Summer League and his first NBA season.
Trail Blazers guard Shaedon Sharpe and Pacers guard Bennedict Mathurin, both of whom were coming off injuries that ended their 2023/24 seasons, were among the players who attended training camp but weren’t in the mix for roster spots for the Paris Olympics. Timberwolves forward Leonard Miller was in that group too.
This will be the first time Canada has been in the men’s basketball event at the Olympics since 2000.
Eastern Notes: Fernandez, Fernando, Trent, Jokubaitis, Magic
The Nets agreed to trade Mikal Bridges just two months after they hired Jordi Fernandez, but Brooklyn’s new head coach said he wasn’t caught off guard by that move. As Brian Lewis of The New York Post writes, moving Bridges was a scenario that had been discussed with Fernandez before he took the job.
“We know that we wanted to do something sustainable and we wanted to win and build something very special. There were different avenues to do it, and this was a possible one,” Fernandez said. “We just couldn’t control if something (big came), what other teams would offer, so we’d just have to sit and wait. And (general manager Sean Marks) had his different avenues to get there. When the opportunity presented itself, he called me. I knew before it came out to the media, and I was very excited because I know how the NBA works and I know how good you can get when you have assets, flexibility and so and so forth. So I’m just very excited.”
Marks also confirmed that he and Fernandez talked about the possibility of a Bridges trade, explaining that he wanted to make sure the head coach knew what he was getting into when he accepted the Nets’ offer.
“It’s very important to be upfront when you’re hiring a coach — or any staff member for that matter — for them to know there’s a variety of different pathways we can go down,” Marks said. “We knew the flexibility that we had in terms of the roster, the cap, the salaries that we have, this (outcome) could be one of them. We’re not going to shy away from that. So, he knew well ahead that this was an avenue that we could be going down and has bought in completely.”
Here are a few more notes from around the Eastern Conference:
- Having already pushed back his salary guarantee date from June 29 to July 10, the Hawks are talking to Bruno Fernando‘s camp about postponing that deadline again, tweets Lauren L. Williams of The Atlanta Journal-Constitution. Fernando has some incentive to give Atlanta more time with that decision if it increases his odds of remaining on the roster and earning his full $2.72MM salary for 2024/25.
- Following up on reporting that suggested the Raptors had been willing to offer free agent wing Gary Trent Jr. a deal worth $15MM per year when their negotiating window first opened, Michael Grange of Sportsnet (Twitter link) clarifies that most conversations the team had about Trent were internal. The front office discussed potential contract frameworks rather than formally putting an offer on the table, Grange says, adding that the Raptors told Trent’s camp after the draft that they were going in a different direction.
- Knicks draft-and-stash prospect Rokas Jokubaitis, the No. 34 overall pick in 2021, will be with New York’s Summer League team this month for the first time in three years, writes Stefan Bondy of The New York Post. Jokubaitis, who is under contract with Barcelona for one more season, would have been unavailable for Summer League if Lithuania had qualified for the Olympics, but the Lithuanians fell to Puerto Rico in the qualifying tournament final on Sunday.
- The Magic have quietly aced the offseason, according to Michael Pina of The Ringer, who wonders if Orlando is capable of becoming next season’s version of the 2023/24 Thunder and making the leap from solid team to one of the best in the conference.