Wizards Trade Deni Avdija To Trail Blazers
JULY 6: The trade is official, according to press release from the Wizards and the Trail Blazers. The terms are outlined below, with the rights to No. 14 pick Carlton Carrington headed to Washington along with Brogdon and the three future draft picks.
JUNE 26: The Wizards and Trail Blazers have agreed to a trade that will send forward Deni Avdija to Portland, reports Adrian Wojnarowski of ESPN (Twitter link).
In exchange for Avdija, Washington will receive guard Malcolm Brogdon, the No. 14 pick in Wednesday night’s draft, a 2029 first-round pick, and two second-rounders, according to Wojnarowski (Twitter link).
The 2029 pick will be the second-most favorable of the three first-rounders Portland controls, per Wojnarowski. Besides their own pick, the Blazers hold the Celtics’ and Bucks’ first-rounders in ’29.
The two second-rounders will be 2028 and 2030 picks, tweets Josh Robbins of The Athletic. The ’28 second-rounder could be either the Blazers’ own pick or the Warriors’ pick (Portland controls both), while the ’30 second-rounder will be either the Blazers’ own pick or the Knicks’ pick.
Avdija, who was selected ninth overall in the 2020 draft, has spent his first four NBA seasons in Washington and enjoyed a breakout year in 2023/24. In 75 games (all starts), he established new career highs in points (14.7), rebounds (7.2), and assists (3.8) per contest, as well as FG% (.506) and 3PT% (.374). The performance earned him a sixth-place finish in the Most Improved Player vote.
The 23-year-old is also on a very team-friendly contract for the next several seasons. He signed a four-year, $55MM rookie scale extension last offseason that will go into effect in July and will run through the 2027/28 season. It has a declining structure, starting at about $15.6MM and dipping to $11.9MM by year four.
While it’s a little surprising to see the retooling Trail Blazers as an aggressive buyer on the trade market, Avdija’s age and contract make him an ideal long-term fit in Portland. The deal will also create some financial flexibility for the Blazers, who projected to be over the first tax apron in 2024/25. As cap expert Yossi Gozlan tweets, moving off of Brogdon’s expiring $22.5MM salary and the No. 14 pick (which had a cap hold of about $4.5MM) will move team salary out of luxury tax territory.
Brogdon has appeared in more than 56 games just once in the past five seasons due to injuries and only played 39 times in 2023/24. However, he remains effective when he’s available, averaging 15.7 PPG, 5.5 APG, and 3.8 RPG in 28.7 MPG with a .440/.412/.819 shooting line in his first and only season as a Blazer. The 31-year-old won the Sixth Man of the Year award with Boston in 2023 but was sent to Portland in the Jrue Holiday trade last fall.
Still, it’s safe to assume that the draft pick were the primary motivator for the rebuilding Wizards, who were rumored for much of the spring to be eyeing a third first-round pick. While Avdija would have fit Washington’s timeline too, he was part of the roster that the current front office – led by team president Michael Winger and general manager Will Dawkins – inherited, so it seems they weren’t especially attached to him. Winger and Dawkins have reportedly made it a priority to build the new-look Wizards’ roster through the draft.
It’s unclear if the Wizards will keep Brogdon for the 2024/25 season or look to flip him to a new team. The veteran would make a logical trade chip, given his expiring contract and his age, and sources indeed tell Michael Scotto of HoopsHype (Twitter link) that he’ll be a candidate to be traded again. But Brogdon could also provide depth and veteran leadership in Washington’s backcourt if the team loses point guard Tyus Jones in free agency.
Due to the poison pill provision, the trade can’t be completed until July, notes ESPN’s Bobby Marks (via Twitter). That means the Blazers will make their pick at No. 14 tonight on behalf of the Wizards.
Kings Re-Sign Malik Monk To Four-Year Contract
JULY 6: The Kings have officially re-signed Monk, the team announced today (via Twitter).
According to Anthony Slater of The Athletic (Twitter link), Monk told reporters today that he’s fully recovered from the MCL injury that ended his season. He added that he could’ve taken more money from another team but that Sacramento “felt like home.”
JUNE 20: Free agent guard Malik Monk intends to re-sign with the Kings, according to ESPN’s Adrian Wojnarowski, who reports that Monk has agreed to a four-year contract worth approximately $78MM. The deal will include a fourth-year player option, Wojnarowski adds.
Monk, 26, spent his first four NBA seasons in Charlotte and one year with the Lakers before signing a two-year, $19.4MM contract with the Kings in 2022. He has enjoyed two of the best seasons of his career in Sacramento, emerging as a crucial scorer and play-maker off the bench and earning Sixth Man of the Year votes in both seasons — he finished fifth in 2023 and was the runner-up award for the award in 2024.
Monk set new career highs with 15.4 points and 5.1 assists per game for the Kings in 2023/24. While his three-point percentage has slipped a little since his final year with the Hornets (40.1%) and his one season in Los Angeles (39.1%), he has still knocked down 35.4% of his 5.5 attempts per contest during his time in Sacramento while taking his game to new heights as a ball-handler and play-maker.
Having just spent two years in Sacramento so far, Monk has Early Bird rights this offseason, which means the Kings are limited to giving him a 75% raise on his 2023/24 salary. That works out to a starting salary of $17,405,203 and a four-year total of $77,975,309.
There was a belief that another team might outbid the Kings’ max offer if Monk had made it to the open market. However, he either got early signals that a more lucrative offer wouldn’t be out there or simply decided that he preferred to remain in Sacramento, regardless of the other options that may have been available on June 30.
The NBA’s free agency rules changed this offseason, allowing teams to negotiate with their own free agents beginning one day after the end of the NBA Finals instead of having to wait until June 30. That allowed the Kings to strike an early deal with Monk, though the contract won’t be officially signed until July 6.
Monk is the second free agent to reach a tentative agreement with his team this week, joining Pascal Siakam of the Pacers. Unless one of those deals falls through, two of the top 10 players on our list of 2024’s top 50 free agents are now off the board. Monk came in at No. 10 on that list.
Nets Re-Sign Nic Claxton On Four-Year Deal
JULY 6: The Nets have officially re-signed Claxton, the team announced today in a press release.
“We are thrilled to have Nic remain in Brooklyn as a core player for our team going forward,” general manager Sean Marks said in a statement. “Nic has made strides in his game in each of his first five seasons, developing into one of the top defenders in the league. With his outstanding work ethic and dedication, we know that Nic will continue to be relentless in his efforts to maximize his talents and expand his game. Off the court, Nic and his family have embraced being a part of the Brooklyn community and we look forward to the impact he will continue to have on our borough.”
According to Michael Scotto of HoopsHype (Twitter link), Claxton’s contract will start at $27.6MM and descend from there. It’ll feature $97MM in guaranteed money, with another $3MM in potential bonuses.
JUNE 26: Free agent center Nic Claxton intends to sign a four-year, $100MM contract to remain with the Nets, sources tell Adrian Wojnarowski of ESPN (Twitter link). According to Shams Charania of The Athletic (Twitter link), the deal will include $96MM in guaranteed money. The signing can be made official after the moratorium period ends on July 6.
Claxton, the 31st overall pick in the 2019 draft, spent his first three seasons in Brooklyn in a modest reserve role before signing a two-year contract worth $17.25MM (plus incentives) in 2022. He has since been the Nets’ full-time starting center, averaging 12.3 points, 9.6 rebounds, 2.3 blocks, and 2.0 assists per game with a .667 FG% in 147 games over the past two seasons (29.8 MPG), earning himself a significantly larger payday.
While a $25MM annual salary for Claxton may raise eyebrows, the 25-year-old has established himself as a real defensive asset — he earned Defensive Player of the Year votes in 2023 and was referred to as a future Defensive Player of the Year by his new head coach, Jordi Fernandez. He’s also arguably the top free agent center on the market this summer, ahead of bigs like Isaiah Hartenstein and Jonas Valanciunas.
Jarrett Allen, who signed a five-year, $100MM deal with the Cavaliers in 2021, was presumably a point of reference for Claxton. At the time Allen received that contract, his NBA résumé was similar to Claxton’s and his $20MM annual average salary represented just under 18% of the 2021/22 cap. A $25MM annual salary for Claxton will come in at nearly the exact same percentage of the ’24/25 cap.
The Pelicans and other teams around the NBA were said to have interest in Claxton as a potential sign-and-trade target or cap-room signing, but a return to Brooklyn has always been the most likely outcome, even after the team seemingly pivoted to a rebuild by agreeing to trade Mikal Bridges. A report earlier today indicated that the Nets were still focused on retaining their starting center.
Claxton had been the No. 8 player on our list of 2024’s top 50 free agents. He’s the fourth player in the top 10 of that list to reach a contract agreement during the new exclusive negotiating window allowing teams to talk to their own free agents between the end of the NBA Finals and June 30.
Spurs Trade Furphy To Pacers For Nunez, Cash
JULY 6: The trade sending No. 35 pick Furphy to Indiana in exchange for No. 36 pick Nunez and cash is officially complete, the Pacers announced in a press release. The deal couldn’t be completed until the start of the 2024/25 league year because San Antonio had reached its cash received limit for ’23/24.
JUNE 27: The Pacers and Spurs have agreed to swap places in the second round of the draft, with Indiana moving up one spot to No. 35 and San Antonio moving down to No. 36, per Shams Charania of The Athletic (Twitter links).
The Pacers used the No. 35 pick to select Kansas wing Johnny Furphy, while the Spurs picked Spanish point guard Juan Nunez at No. 36.
The Spurs are receiving cash from the Pacers in exchange for moving down one spot, reports Jake Fischer of Yahoo Sports (Twitter link). That means Indiana will be hard-capped at the second tax apron for the 2024/25 league year, since second-apron teams aren’t permitted to send out cash in trades. That shouldn’t have a major impact on the Pacers’ plans, since they were very unlikely to spend that much on next season’s roster anyway.
Furphy, a 6’9″ Australian who was widely viewed as a potential first-round pick, averaged 9.0 points and 4.9 rebounds in 24.1 minutes per game in his first and only college season with the Jayhawks, posting a shooting line of .466/.352/.765. He’s the first player selected in this draft by the Pacers, who sent their first-round pick to Toronto in the Pascal Siakam trade.
As for Nunez, it’s unclear whether or not he’ll join the Spurs for the 2024/25 season, since he has widely been viewed as a draft-and-stash candidate.
Pistons Sign Ron Holland To Rookie Contract
The Pistons have signed No. 5 overall pick Ron Holland to his rookie scale contract, according to the NBA’s official transaction log.
[RELATED: 2024 NBA Draft Pick Signings]
Holland had an up-and-down season for the G League Ignite in 2023/24, filling up the stat sheets with 19.5 points, 6.7 rebounds, 3.1 assists, and 2.4 steals per game in 29 outings, but struggling with both his outside shot (.237 3PT%) and turnovers (3.2 per game) for the last-place team.
Viewed last fall as a potential contender for the No. 1 overall pick, Holland saw his stock dip a little and was considered a candidate to fall out of the top 10 on draft night. However, the Pistons – who were linked more frequently to his Ignite teammate Matas Buzelis in the weeks leading up to the draft – made Holland their first pick in the Trajan Langdon era.
If, as expected, he received the maximum rookie contract for the No. 5 pick, Holland will make approximately $8.25MM as a rookie and about $37.46MM across four years, assuming his third- and fourth-year team options are eventually exercised.
The Pistons also officially signed undrafted rookie Daniss Jenkins to a two-way contract, per the NBA’s transaction log. Jenkins’ agreement with Detroit was reported last Wednesday, shortly after the second round of the draft concluded.
Mavs Trade Hardaway, Second-Round Picks To Pistons For Grimes
JULY 6: The Mavericks and Pistons have issued press releases confirming that their trade is official and that the details reported below are accurate.
JUNE 28: The Mavericks and Pistons are in agreement on a trade that will send veteran wing Tim Hardaway Jr. and three second-round picks to Detroit in exchange for swingman Quentin Grimes, reports Adrian Wojnarowski of ESPN (Twitter link).
The three draft assets will be Toronto’s 2025 second-round pick and a pair of 2028 second-rounders, Wojnarowski adds (via Twitter). Dallas has previously traded away its own 2028 second-rounder, but controls Miami’s pick and the least favorable of the Clippers’ and Hornets’ selections for that year, so those figure to be the ones headed to the Pistons.
This deal was first mentioned as a possibility by Marc Stein on Tuesday.
By moving off of Hardaway’s $16.2MM expiring contract and taking back Grimes (who will make about $4.3MM next season), Dallas will create upwards of $15MM in breathing room below the first tax apron, tweets cap expert Yossi Gozlan, putting the club in a position to use the full non-taxpayer mid-level exception (projected to be worth about $12.9MM).
Besides creating financial flexibility, the Mavs will also receive an intriguing young three-and-D player in Grimes, who showed promise in 2022/23 by averaging 11.3 points, 3.2 rebounds, and 2.1 assists in 29.9 minutes per game (71 games), with a .468/.386/.796 shooting line. He saw his minutes cut back in New York last season, and a knee injury limited him to just six games after he was acquired by Detroit in February.
Grimes, who will be eligible for a rookie scale extension this offseason as he enters the final year of his rookie contract, also drew trade interest from the Heat and Hawks, per Michael Scotto of HoopsHype (Twitter link).
Meanwhile, new Pistons president of basketball operations Trajan Langdon had spoken openly about his club’s willingness to take on unwanted contracts if they’re attached to more valuable assets. While the previous front office regime appeared to be viewing Grimes as a potential keeper, Langdon clearly prioritized the draft picks he’ll receive in this swap.
Hardaway’s value as a player also shouldn’t be overlooked. He’s coming off a season in which he averaged 14.4 points, 3.2 rebounds, and 1.8 assists in 26.8 minutes per game across 79 appearances, with a shooting line of .402/.353/.852. After he played a limited role in the playoffs though, there had been a sense that his days with Dallas were numbered.
It’s unclear if the Pistons intend to hang onto Hardaway heading into the 2024/25 season, but the team reportedly has had interest in adding veterans and shooting this summer, making THJ a potential fit. He’s a career 36.0% three-point shooter.
Wizards Sign First-Rounders Alex Sarr, Kyshawn George
The Wizards have signed a pair of their first-round picks, locking up big man Alex Sarr and swingman Kyshawn George to their rookie scale contracts, per the NBA’s official transaction log.
Sarr, 19, spent the 2023/24 season in Australia’s National Basketball League, where he averaged 9.4 points, 4.3 rebounds and 1.5 blocks per game with the Perth Wildcats. The 7’1″ center, who has elite upside as a rim protector and defensive presence, was considered a strong candidate to be the first overall pick in the 2024 draft but ultimately ended up going to the Wizards at No. 2. He’ll be a cornerstone for Washington to build around for years to come.
George, the No. 24 overall pick out of Miami, will be another one of the Wizards’ long-term building blocks going forward. A 6’8″ wing, George started 16 of the 31 games he played for Miami in his freshman season in 2023/24. While his averages of 7.6 points, 3.0 rebounds, and 2.2 assists in 23.0 minutes per contest were relatively modest, the youngster can handle the ball and has displayed a promising outside shot, having knocked down 40.8% of 4.2 three-pointers per game.
The Wizards actually made three first-round selections in last week’s draft, but don’t yet officially have the third one – No. 14 pick Carlton Carrington – on their roster, since that pick was part of the Deni Avdija/Malcolm Brogdon trade that still needs to be formally completed. That should happen soon now that the moratorium period has ended, putting Carrington on track to ink his rookie contract too.
Assuming they sign for the maximum allowable 120% of the standard rookie scale amount, Sarr will get a four-year deal worth about $51MM ($11.25MM in year one), while George’s four-year contract will be worth approximately $14.34MM ($2.83MM as a rookie).
Hawks Sign No. 1 Pick Zaccharie Risacher To Rookie Contract
Zaccharie Risacher, the No. 1 overall pick in the 2024 draft, has officially signed his rookie scale contract with the Hawks, according to the NBA’s transaction log.
A 19-year-old French forward who was born in Spain, Risacher began his professional career with ASVEL Basket in France in 2021. He spent the past season on loan to another French team, JL Bourg, where he showed promise as a shooter, ball-handler, and versatile defender.
The 6’9″ forward averaged 13.1 points, 3.6 rebounds, and 1.1 assists in 24.0 minutes per game across 17 EuroCup appearances in 2023/24, with a .566/.561/.659 shooting line. In 32 contests in France’s LNB Elite, he averaged 10.1 PPG, 3.8 RPG, and 0.9 APG on .439/.352/.740 shooting.
As our breakdown of rookie scale salaries shows, Risacher will almost certainly earn a first-year salary of $12.57MM, with a four-year total of $57MM on his rookie deal. Those figures are equivalent to 120% of the standard rookie scale amount, which is what nearly every first-rounder receives.
Risacher is expected to make his Hawks debut at the Las Vegas Summer League, which tips off next week.
Thunder Sign Isaiah Hartenstein To Three-Year Deal
JULY 6: With the July moratorium over, the Thunder have officially signed Hartenstein, the team confirmed in a press release.
JULY 1: Free agent center Isaiah Hartenstein is headed back west, according to Shams Charania of The Athletic, who reports (via Twitter) that Hartenstein and the Thunder are in agreement on a three-year contract worth $87MM.
Hartenstein, who began his NBA career in Houston in 2018 and had a breakout year with the Clippers in 2021/22, has spent the past two seasons in New York, primarily serving as Mitchell Robinson‘s backup at the five. However, when Robinson went down with an ankle injury midway through the ’23/24 season, Hartenstein entered the starting lineup and acquitted himself extremely well.
In 75 regular season games (49 starts), Hartenstein averaged 7.8 points, 8.3 rebounds, 2.5 assists, 1.2 steals, and 1.1 blocks in 25.3 minutes per contest, making 64.4% of his shots from the floor and playing solid defense. He continued to start for the Knicks in the playoffs, where he registered 8.5 PPG, 7.8 RPG, and 3.5 APG in 29.8 MPG.
Although the Knicks wanted to retain Hartenstein, they were limited to a maximum offer of approximately $72.5MM over four years, since they only held his Early Bird rights, which allowed for a raise of up to 75% on his $9.25MM cap hit from 2023/24.
New York put that offer on the table for the 26-year-old, Ian Begley of SNY.tv confirms (via Twitter). The Thunder blew it out of the water by comfortably exceeding the total value of the Knicks’ best offer across just three years instead of four, though Stefan Bondy of The New York Post (Twitter link) hears that the frontloaded contract won’t be guaranteed in the final season.
Rookie of the Year runner-up Chet Holmgren was the Thunder’s starting center last season and excelled in that role. However, Holmgren lacks the bulk to match up physically with some of the NBA’s bigger centers, and Oklahoma City was among the worst-performing teams on the boards, ranking 28th in rebounding percentage (48.4%).
Hartenstein will help out in both areas while also giving the Thunder another rim protector and a talented frontcourt passer. On top of that, he’ll be a crucial insurance policy at the five in the event of an injury. While Holmgren didn’t miss a game in 2023/24, he sat out his entire rookie season in ’22/23 due to foot surgery.
Their deal with Hartenstein is the latest move in an impressive offseason for the Thunder, who kicked off their summer by trading ill-fitting guard Josh Giddey to Chicago in exchange for three-and-D ace Alex Caruso. OKC will use the rest of its cap room to sign Hartenstein, then will go over the cap to complete reported long-term agreements with Isaiah Joe and Aaron Wiggins.
The Knicks, meanwhile, will be in the market for a center. Robinson and Jericho Sims remain under contract in New York, but with Hartenstein gone and Precious Achiuwa in unrestricted free agency, the team will need to add at least one big man.
Magic big man Goga Bitadze has been mentioned as a possible target for the Knicks, but Begley (Twitter video link) hears that Bitadze has an offer on the table from Orlando that New York likely won’t be able to top. The Magic had been mentioned as a possible Hartenstein suitor, so presumably they’re more likely to bring back Bitadze with Hartenstein off the board.
NBA’s 2024 July Moratorium Ends
The NBA’s 2024 July moratorium has officially ended, as of 11:00 am Central time, meaning teams are now allowed to conduct all official business. The moratorium is the period at the start of the NBA league year when teams are permitted to agree to trades and free agent contracts, but can’t yet formally finalize them.
[RELATED: 2024 NBA Free Agent Tracker]
There are a number of types of deals that can be completed during the moratorium, as we’ve seen this week. Teams can sign first- or second-round picks to their rookie contracts, two-way contracts can be made official, and players signing minimum-salary contracts can also finalize those deals. Still, the majority of the deals agreed upon since the end of the NBA Finals are not yet official.
Although the end of the moratorium signals the beginning of official business for many teams, those teams aren’t obligated to immediately finalize deals reached during the moratorium. Salary-cap machinations and intertwined trades mean that patience will be required on certain moves.
The Sixers, for instance, are signing Tyrese Maxey to a five-year, maximum-salary contract, but doing so will increase his cap charge from approximately $13MM (his cap hold) to over $35MM (his new salary). Philadelphia will wait until it has used up all its cap room and then will go over the cap to complete that signing, so as not to unnecessarily sacrifice $22MM in space.
[RELATED: 2024 NBA Offseason Trades]
Now that the moratorium has lifted, we’ll be updating our stories of contract and trade agreements to reflect when they become official.
For top headlines from the last week, like the deals involving Paul George, LeBron James, and other big-name free agents, we’ll bump those stories to the top of the site or publish new stories so you don’t miss news of them becoming official. Completed trades will also be moved to the top of the site.
However, since we don’t want to bury new news amidst confirmation of old signings, our stories on smaller deals won’t be moved to the top of our feed unless there are new developments or details.