Nuggets Sign DaRon Holmes To Rookie Contract
Nuggets first-round pick DaRon Holmes has officially signed his rookie scale contract, the team announced today in a press release.
Holmes built an extensive résumé in his three college seasons at Dayton, earning All-Atlantic 10 honors in all three years, including a First Team spot in 2023 and 2024. He was named the Atlantic 10 co-Player of the Year and Defensive Player of the Year in 2024 after averaging 20.4 points, 8.5 rebounds, 2.6 assists, and 2.1 blocks in 32.5 minutes per game across 33 starts in 2023/24. He also posted a shooting line of .544/.386/.713.
The Nuggets were linked to Holmes for much of the pre-draft process, and while there were conflicting reports on whether or not the team had made him a promise, it certainly appeared that Denver was targeting the 6’10” forward on draft night — the club traded three second-round picks in order to move up from No. 28 to No. 22 to nab him.
Assuming Holmes receives the maximum allowable 120% of the rookie scale amount, his four-year deal will be worth about $15.2MM, including a first-year salary of $3.07MM.
Holmes was the last 2024 first-round pick to sign his contract, so all 30 first-rounders are now officially on NBA rosters.
Kings Sign First-Rounder Devin Carter
The Kings have officially signed lottery pick Devin Carter to his first NBA contract, the team confirmed today in a press release (Twitter link via Jason Anderson of The Sacramento Bee).
Carter had a big junior year in 2023/24 at Providence, averaging 19.7 points, 8.7 rebounds, 3.6 assists, and 1.8 steals in 35.3 minutes per game across 33 outings (all starts). He made 47.3% of his shot attempts from the floor, including 37.7% of 6.8 three-pointers per contest and claimed Big East Player of the Year honors.
The 6’3″ guard was selected 13th overall by the Kings, but was ruled out of the California Classic and Las Vegas Summer Leagues due to a left shoulder issue (which the team was aware of prior to drafting him). A report on Sunday indicated that Carter will undergo surgery on that shoulder, potentially jeopardizing his availability for the start of the season this fall.
Assuming he signed for the maximum allowable 120% of the rookie scale, Carter will earn $4.69MM as a rookie, while his four-year deal will be worth $22.14MM in total. Rookie scale contracts include two guaranteed seasons, with team options on the third and fourth years.
Now that Carter has officially signed, there’s just one 2024 first-rounder – Nuggets forward DaRon Holmes – who still needs to finalize his rookie contract, as our tracker shows.
Western Notes: Morant, Klay, Wiggins, Barnes, Avdija
Grizzlies guard Ja Morant has been cleared for all basketball activities, according to Damichael Cole of The Memphis Commercial Appeal.
Morant, who missed the first 25 games of the 2023/24 season due to a suspension, returned to action in December and immediately provided a spark for the Grizzlies, who won six of nine games with the star point guard in the lineup. However, a labral tear in Morant’s right shoulder ended his season after those nine games. He has been recovering from surgery in the months since then.
The Grizzlies were one of the NBA’s most injury-plagued teams in ’23/24, but head coach Taylor Jenkins told reporters back in April that only Morant projected to have a recovery timeline extending well into the offseason. With a fully healthy roster, there’s optimism in Memphis that the club can bounce back from a 27-55 year and look more like the club that went 107-57 over the previous two regular seasons.
We have more from around the Western Conference:
- Referring to his deal with the Mavericks as a “fresh start,” Klay Thompson told reporters on Tuesday that he’s optimistic about “kind of being rejuvenated” in Dallas, as Tim MacMahon of ESPN details. “Feeling just wanted again, like I bring great value, it just gets me excited to go out there and even work out after this press conference and get shots up,” Thompson said. “Yeah, there was times last year where it was tough, where it wasn’t as joyful as it was in the past. It’s nice to kind of shed that and have a whole new fresh start, whole new group of guys to get to know, co-workers, whole new city. It’s really cool, and I’m going to embrace the heck out of this opportunity.” In a story for The Athletic, Tim Cato takes a look at how Thompson will fit in on the Mavs’ roster.
- Aaron Wiggins‘ new five-year contract with the Thunder is worth $45MM, with $2MM in bonuses that could push it up to the initially reported total of $47MM, reports Michael Scotto of HoopsHype (Twitter link). The deal has a descending structure and includes a fifth-year team option, Scotto adds.
- New Spurs forward Harrison Barnes confirmed on Tuesday that he waived his $3.7MM trade kicker to facilitate his move to San Antonio, calling it a “pretty easy decision” and adding that he’s excited about playing for head coach Gregg Popovich, tweets Andrew Lopez of ESPN.
- New Trail Blazers forward Deni Avdija admitted on Monday that he was surprised to be traded by the Wizards, according to Sean Highkin of Rose Garden Report (Substack link). “I think they really love me,” Avdija said of his old team. “I’ve done a lot for that organization. It was just not the timeline, I guess.” Now that he has gotten past that initial surprise, the 23-year-old is “excited” about the new opportunity in front of him. “They’ve welcomed me very well, so it’s a good start,” he said. “I’m glad to be in a place where people embrace me and love me. I’m going to bring my competitiveness, and we’re going to have a lot of fun.”
Heat Notes: Rozier, Highsmith, Martin, Roster, Burks
Veteran Heat guard Terry Rozier, who missed the team’s final four regular season games and five playoff contests in the spring due to a neck injury, revealed on Tuesday that he was cleared to resume full basketball activities a couple weeks ago and has been doing on-court workouts, per Anthony Chiang of The Miami Herald. Rozier said it was difficult not to be able to contribute to the team during its biggest games of the year after arriving in Miami in a midseason trade
“Obviously we all know why I came here, to be a big help for the playoffs and just to try to get this team some life,” Rozier said. “It just sucks that I couldn’t play in the most important part of the season, and I had to watch the guys that I go to war with. So it was tough. … It was just nonstop thinking about me just wishing I was out there with my guys. That’s why I’m glad that I’m cleared and everything else will take care of itself when the time comes.”
Rozier had to wear a neck brace while he recovered from the injury, but he made it clear on Tuesday that he never felt as if his career might be in jeopardy due to the ailment. The 30-year-old also indicated that he fully believes the Heat are capable of improving on last season’s result (46-36; No. 8 seed) even without any significant changes to the roster.
“I think the fans are bored right now, and they want to put as many scenarios as they can for us,” Rozier said. “But at the end of the day, we want to run it back with our same team, and we want to show the fans what we can bring to Miami. Obviously last year was tough on us, all of it as a whole. But we’re looking to get out there and impact, and make an impact all together.”
Here’s more on the Heat:
- After officially re-signing with the Heat on Monday, Haywood Highsmith admitted that his first real foray into free agency was an “up-and-down roller coaster,” but said he was “really satisfied” with the two-year, $11MM contract he received from Miami, according to Chiang.
- Asked about reports that he turned down a four-year, $58MM extension from the Heat prior to free agency, Caleb Martin explained why he passed on Miami’s offer and ultimately settled for a more modest free agent deal from the Sixers. “Just certain things didn’t work. There’s a lot of things behind the scenes that went on, but ultimately, there was a lot in making that decision and there’s a lot that contributed to how everything went, but past is past,” Martin said (Twitter link via Keith Pompey of The Philadelphia Inquirer). “Can’t do nothing about that and like I said, I’m looking forward to being here and being a part of Philly and try to bring everything I can in order to try to win a championship so that’s my main focus now.” Martin’s offer from the Heat would’ve required him to pick up his $7.1MM player option for 2024/25, so he’ll at least earn a higher first-year salary in Philadelphia than he would’ve if he’d opted in.
- Examining the Heat’s financial situation, Ira Winderman of The South Florida Sentinel lays out why the roster is essentially set for the season unless they make a trade, since signing another free agent currently isn’t a viable option for the team.
- Veteran guard Alec Burks will be earning a minimum salary for just the second time in his NBA career in 2024/25, but he feels good about ending up in Miami, as Winderman writes for The Sun Sentinel. “The Heat Culture from afar, then I talked to (head coach Erik Spoelstra), made my decision,” Burks said when asked about choosing to sign with the Heat. “We had a great conversation. I think that’s the real reason I picked the team.”
L.A. Notes: Davis, Lakers, DeRozan, Batum, Clippers, Christie
After LeBron James downplayed any concerns over what has been a quiet offseason so far for the Lakers, his star teammate Anthony Davis followed suit from Team USA’s training camp in Las Vegas, as Dan Woike of The Los Angeles Times relays. Davis pointed out that injuries to presumptive rotation players like Jarred Vanderbilt and Gabe Vincent had an impact on last year’s team and that having better health luck in 2024/25 could make a difference.
“We don’t know what we could have been if we had those guys, especially in the playoffs,” Davis said. “You know especially Vando because he’s a big part of what we do defensively. But, so we look at the lineup, and you know we come in ready to work.
“And last year is last year. We can’t say, ‘Oh this is the same team.’ It could be a different result. For us it’s about coming in with the mindset of getting to work and seeing how it plays out.”
Of the 15 players who finished last season on the Lakers’ roster, 13 remain under contract for the coming season. The only two newcomers to this point are the team’s two draft picks, Dalton Knecht and Bronny James.
Here’s more on the NBA’s two Los Angeles-based teams:
- Although DeMar DeRozan was said to be on the short list of “impact” Lakers targets that LeBron James would have been willing to take a significant discount for, Shams Charania of The Athletic and Stadium stated during an appearance on The Rally (Twitter video link) that it came down to the Kings and Heat for DeRozan. “I’m told the Lakers never went beyond expressing just simple interest in DeRozan,” Charania said. “There were no offers or tangible conversations with the Bulls on a sign-and-trade deal.”
- Speaking to reporters after he agreed to re-sign with the Clippers, veteran forward Nicolas Batum indicated that he chose to reunite with his former team and former head coach (Tyronn Lue) after receiving interest from over half the league. “I had several options, a lot of options, I actually had 17,” Batum said (French link via BasketUSA.com).
- The Clippers, who had the NBA’s oldest roster last season, haven’t exactly been a player development hub in recent years, according to Law Murray of The Athletic, who takes a look at how the team could change that going forward, starting with this year’s second-round pick Cam Christie.
Nets’ Trendon Watford Signs Qualifying Offer
Nets restricted free agent forward Trendon Watford has accepted his one-year qualifying offer, reports Adrian Wojnarowski of ESPN (Twitter link).
The move will lock in Watford’s $2,726,603 salary for the 2024/25 season, putting him on track to reach unrestricted free agency a year from now.
Watford, 23, spent his first two NBA season in Portland from 2021-23, but was waived by the Trail Blazers last summer before his 2023/24 salary could become guaranteed. He caught on with Brooklyn and appeared in a career-high 63 regular season games, averaging 6.9 points, 3.1 rebounds, and 1.3 assists in 13.6 minutes per contest, with a shooting line of .527/.397/.794.
Because he only had three years of NBA experience under his belt, Watford remained eligible for restricted free agency this offseason, and the Nets took advantage by issuing him a qualifying offer ahead of the June 29 deadline. Signing that QO means that the former LSU standout will have the ability to veto any trade involving him during the 2024/25 league year.
With Watford back under contract, Brooklyn will be carrying 12 players on guaranteed deals, plus Mamadi Diakite and Jalen Wilson on partially guaranteed salaries.
With Watford off the board, Isaac Okoro is the only remaining restricted free agent who didn’t finish last season on a two-way contract.
Atlantic Rumors: Trent, Quickley, Knicks, Kessler, Bertans, Celtics
Although the Raptors haven’t entirely closed the door on the possibility of bringing back free agent wing Gary Trent Jr., his return appears increasingly unlikely based on how the team’s offseason has played out, says Josh Lewenberg of TSN.ca.
As Lewenberg observes, Toronto sacrificed much of its cap flexibility by taking on salary in a trade with the Kings and exercising Bruce Brown‘s team option. The club also added a wing in the first round of the draft, selecting Ja’Kobe Walter with the 19th overall pick. The 15-man roster is now full, with little breathing room below the luxury tax line.
When the Raptors’ negotiating window with Trent opened last month, they were willing to offer him an annual salary in the neighborhood of $15MM, a source tells Lewenberg, but the swingman’s camp was seeking a raise on last year’s $18.5MM salary, possibly up to $25MM or so.
Toronto wasn’t prepared to meet that price, and it doesn’t look like there are any rival suitors who will go that high either. One league insider tells TSN that Trent would be lucky at this point to receive the full mid-level exception (worth about $12.9MM). The Raptors no longer have on offer on the table for the 25-year-old, according to Lewenberg.
Here’s more from around the Atlantic:
- The Jazz and Spurs, among other teams, had “real” interest in restricted free agent guard Immanuel Quickley before he agreed to sign a five-year, $175MM contract with the Raptors, Lewenberg writes, which is one reason why that deal came in higher than expected. Quickley’s new deal will be worth a flat $35MM across all five seasons, Lewenberg adds, so it’ll start at just under 25% of the salary cap in 2024/25 but that percentage will drop each year as the cap increases.
- Echoing previous reporting, Ian Begley of SNY.tv (Twitter video link) confirms that the Knicks have inquired on Walker Kessler, but says he’d be surprised if New York makes a deal for the third-year center, given the Jazz‘s asking price, which includes “at least” a first-round pick.
- The Knicks are among the teams that have expressed some level of interest in free agent sharpshooter Davis Bertans, sources tell Michael Scotto of HoopsHype (Twitter link).
- After the Celtics officially re-signed centers Xavier Tillman, Luke Kornet, and Neemias Queta, director of player personnel Austin Ainge said he’s “extremely grateful” to have all those players back and suggested that one or more of them could have landed more lucrative deals elsewhere. “We had some guys turn down more money other places to come back,” Ainge said, according to Brian Robb of MassLive.com. “It feels really good that guys we care about a lot to come back and go for another run.”
Olympic Notes: France, Japan, Spain, Flagg, Brooks
The host nation for the 2024 Olympics officially confirmed its roster for the Paris games, announcing a 12-man squad headlined by centers Rudy Gobert and Victor Wembanyama of the Spurs and Timberwolves, respectively (Twitter link).
Besides France’s twin towers, other NBA players on the French squad include Clippers forward Nicolas Batum, Wizards forward Bilal Coulibaly, and free agent swingman Evan Fournier. Nando De Colo, Frank Ntilikina, and Guerschon Yabusele are among the other players on the team who have previous NBA experience.
As first reported by Gabriel Pantel-Jouve of BeBasket on Sunday (via Twitter), France’s final two cuts were also former NBA players — guards Elie Okobo and Theo Maledon won’t be on the 12-man roster for Paris.
Here are a few more notes on the upcoming Olympic games:
- As expected, Japan’s official 12-man roster for the Olympics is headed up by Lakers forward Rui Hachimura and six-year NBA veteran Yuta Watanabe (Instagram link). Former Nebraska Keisei Tominaga, who recently agreed to an Exhibit 10 deal with the Pacers, is another notable name on the 12-man squad.
- After winning their Olympic qualifying tournament over the weekend, Spain is making just one change for the Olympics, as Johnny Askounis of Eurohoops writes. Veteran wing Alex Abrines, who played in the NBA with Oklahoma City from 2016-19, has been medically cleared to play following an injury and will replace 2024 Spurs second-round pick Juan Nunez for the Olympics. The full roster, which includes Santi Aldama of the Grizzlies and the Hernangomez brothers, can be found right here (Twitter link).
- Incoming Duke freshman Cooper Flagg said over the weekend that he was “pretty surprised” to be invited to be part of the Select Team for the U.S. training camp in Las Vegas, per Tim Bontemps of ESPN. However, Flagg was the talk of that Vegas camp, earning rave reviews from players and coaches alike, according to Joe Vardon and Sam Amick of The Athletic. Select Team assistant coach Jim Boylen referred to the 17-year-old as “unbelievable,” while teammate Jaime Jaquez said Flagg was “playing out of his mind.” Flagg is a candidate to be the No. 1 pick in the 2025 draft. “He showed no fear,” Jalen Duren said. “He came and worked hard every day. You would think he’s already here, you know what I mean?”
- After defeating Team USA with the Canadian national team for bronze at the 2023 World Cup, Dillon Brooks is eager to face a more star-studded U.S. in Wednesday’s exhibition game in Las Vegas, writes Sam Amick of The Athletic. “I take it as (just) another game, but me being who I am, I like to make a statement,” Brooks told reporters on Monday. “So I’ll be ready to play. Team Canada will be ready to play, and we’re gonna go balls to the wall and watch the film after and see if we got better.”
DeRozan Trade Notes: Contract, Draft Picks, Spurs’ Moves, CP3
DeMar DeRozan‘s new three-year contract with the Kings is worth $73.7MM, according to ESPN’s Adrian Wojnarowski (Twitter link), who says the third year is partially guaranteed for $10MM.
If we assume the contract has a standard ascending structure with 5% annual raises, that would work out to about $48MM in guaranteed money for DeRozan across the first two seasons, with $58MM guaranteed in total.
Here’s more on the three-team sign-and-trade deal sending DeRozan to Sacramento that was officially finalized on Monday:
- The two second-round picks the Kings sent to the Bulls in the trade are Sacramento’s own 2025 and 2028 second-rounders, per RealGM. The Kings have also traded away their own 2025 first-round pick (top-10 protected) and recently dealt Portland’s 2025 second-rounder to Toronto, so they currently don’t control any selections in next year’s draft.
- The fact that the Spurs only had to make one roster move (waiving Charles Bassey) to finalize the trade suggests that Harrison Barnes gave up his $3.7MM trade kicker in order to make the math work, as LJ Ellis of SpursTalk writes. Even with Barnes waiving that trade bonus, the numbers still don’t quite add up unless Chris Paul‘s cap hit comes in a little lower than the $11MM figure initially reported — Paul’s deal may include unlikely incentives that wouldn’t count against the cap but could push the value of his deal to $11MM (or higher), as cap expert Yossi Gozlan speculates (via Twitter).
- Prior to completing the deal, the Spurs renounced their rights to a handful of free agents, including two players to whom they previously issued qualifying offers: Sandro Mamukelashvili and David Duke (Twitter link via Keith Smith of Spotrac). That doesn’t preclude bringing back either player, but Mamukelashvili and Duke are now unrestricted free agents, so San Antonio wouldn’t have the right to match an offer they get from another team.
- The inclusion of RaiQuan Gray, who is on a two-way contract, was necessary in order for the Spurs and Bulls to “touch” in the three-team trade (ie. each club has to send or receive an asset from the other two teams in the deal). However, Gray – who was sent from San Antonio to Chicago – will be waived by the Bulls, as K.C. Johnson of NBC Sports Chicago reported (via Twitter). The Spurs now have two open two-way slots, while Chicago will have one once Gray is officially cut.
- Barnes, who had been a King since 2019, published a pair of tweets thanking the franchise, city, and fans for the experience. “To Kings fans and all of SAC, this city will always hold a special place in my heart,” Barnes wrote as part of a longer statement. “Thank you for embracing me and making this city feel like home. Your passion and love for the game are unmatched. Grateful for the memories we made together!”
Southwest Notes: Ingram, Grizzlies, Barnes, Spurs
The Hawks were considered a possible trade suitor for Brandon Ingram this offseason, but they ended up not having much interest in giving the forward his next contract or surrendering either Clint Capela or Onyeka Okongwu in a trade with the Pelicans, league sources tell William Guillory of The Athletic.
As a result, the Pelicans and Hawks instead made a deal involving Dejounte Murray that didn’t include Ingram or either of Atlanta’ centers. Now it’s unclear whether New Orleans will be able to find a trade partner for Ingram, who will be on an expiring contract in 2024/25.
According to Guillory, both the Pelicans and Ingram would prefer not to go into training camp without an extension, since it may become a distraction. That could mean New Orleans will be looking to complete a trade by late September, but it also doesn’t sound like a new contract for the former All-Star is out of the question. Guillory cites “some optimism within the building” that Ingram and the Pelicans could work out an extension below the max that leaves both sides happy.
Here’s more from around the Southwest:
- The Grizzlies have officially announced Taylor Jenkins‘ new-look coaching staff for the 2024/25 season (Twitter link). Anthony Carter and Patrick St. Andrews are the only returning assistants, though one newcomer (Jason March) had been coaching the Memphis Hustle, while another (Erik Schmidt) was the Grizzlies’ head video coordinator. Joe Boylan (formerly of the Timberwolves), Patrick Mutombo (from the Bucks), Tuomas Iisalo (Paris Basketball), and Noah LaRoche are the other additions. Former assistants Blake Ahearn, Brad Jones, Scoonie Penn, Sonia Raman, and Vitaly Potapenko have all been replaced, writes Damichael Cole of The Memphis Commercial Appeal.
- LJ Ellis of SpursTalk shares his thoughts on the Spurs‘ impending acquisition of Harrison Barnes, explains why he likes the fit and why he expects the veteran forward to be a starter in San Antonio. As Ellis notes, more minor roster moves will be necessary to open up enough cap room to accommodate Barnes’ incoming salary, so he’s reluctant to give his final assessment of the deal until it’s clear what those moves will be.
- As Mike Finger of The San Antonio Express-News points out (via Twitter), the Spurs wouldn’t have been in position to add both Barnes and Chris Paul if they had kept the No. 8 overall pick in the draft, which carried a cap hit of $6.26MM.