Option/QO Notes: Green, Watanabe, Bertans, Barlow, Kings, More
Saturday represented the deadline for teams and players to exercise 2024/25 contract options and for teams to issue qualifying offers to players eligible for free agency. While there was a flurry of news about those options and QO decisions yesterday, a few players still slipped through the cracks.
We’ll start with Rockets forward Jeff Green. Reporting last week indicated that Houston planned to exercise his $8MM team option for 2024/25 and the team did just that, per RealGM’s transaction log. Green’s salary technically remains non-guaranteed until July 11 even now that his option has been picked up, but the expectation is that he’ll be retained — his expiring deal could be a useful salary-matching piece in a trade, and he also played rotation minutes for Houston last season, averaging 16.8 MPG in 78 appearances.
While there was no official confirmation on Saturday (as far as we could tell), Grizzlies forward Yuta Watanabe had long been expected to decline his $2.65MM player option for the 2024/25 season, since he’s on track to return to his home country of Japan and play for the Chiba Jets. There’s no indication that those plans have changed or that he picked up his option, so we’re assuming it was declined and that he’ll be off the board for NBA teams this offseason.
Finally, Davis Bertans‘ option with the Hornets was technically an early termination option rather than a player option, meaning that instead of needing to actively exercise it if he wanted to opt in, he needed to do nothing to opt in. He did just that, and will remain under contract with Charlotte for the time being, rather than becoming a free agent. However, his $16MM option salary is only partially guaranteed for $5.25MM, so he’s not assured of having the rest of that salary guaranteed, especially if the Hornets are looking to maximize their cap flexibility this offseason.
Here are a few more updates left over from a busy Saturday:
- Dominick Barlow, a 21-year-old forward who has spent the past two seasons with the Spurs, didn’t receive a qualifying offer to make him a restricted free agent, per Adrian Wojnarowski of ESPN (Twitter link). San Antonio isn’t necessarily planning to part ways with Barlow, according to Tom Orsborn of The San Antonio Express-News, who tweets that the Spurs still have interest in discussing a new deal. However, he’ll have interest from other teams as well, says Wojnarowski.
- The Kings didn’t tender qualifying offers to their three players eligible for restricted free agency (Kessler Edwards, Jordan Ford, or Jalen Slawson), confirms Sean Cunningham of FOX 40 Sacramento (Twitter link). All three players will be unrestricted free agents.
- According to RealGM, players who did receive qualifying offers that weren’t previously reported (that we saw) include no-brainers like Sixers guard Tyrese Maxey and Raptors guard Immanuel Quickley, as well as Mavericks two-way player Brandon Williams.
- We’ve previously published trackers for this year’s team option decisions and player option decisions, which are now fully up to date. We’ll be posting a full qualifying offer recap later this morning.
Hawks, Bruno Fernando Agree To Push Back Guarantee Date
For a second straight year, the Hawks and Bruno Fernando have reached an agreement to push back his salary guarantee date, reports Lauren L. Williams of The Atlanta Journal-Constitution (Twitter link).
In 2023, Atlanta moved Fernando’s salary guarantee deadline from June 29 to July 10, then ultimately kept him on the roster, guaranteeing his full $2.58MM salary for ’23/24. The guarantee date for his $2.72MM salary for ’24/25 has been pushed from June 29 into next month, Williams says, though there are no specific details yet on the new date.
Fernando is one of several players around the league who had a June 28 or June 29 salary guarantee date on his contract for 2024/25. Here are updates on a few of the others:
- T.J. McConnell‘s $9.3MM salary for 2024/25, which had been partially guaranteed for $5MM, became fully guaranteed when the Pacers guard remained under contract through Friday, as Tony East of SI.com tweets. Given McConnell’s on-court value to Indiana, he was obviously never in danger of being waived.
- That’s also true of Lauri Markkanen, whose contract with the Jazz featured a salary guarantee deadline on Friday. We can safely assume the team didn’t make any effort to push that date back, so the star forward’s $18MM salary for next season is now guaranteed.
- Dante Exum remains in the Mavericks‘ plans going forward, according to Tim MacMahon of ESPN, who notes (via Twitter) that the guard’s $3.15MM salary for 2024/25 became guaranteed when he wasn’t waived on Friday. Exum had a very successful return to the NBA last season after two years in Europe, averaging 7.8 PPG, 2.9 APG, and 2.7 RPG with a .533/.491/.779 shooting line in 55 games (19.8 MPG) for Dallas.
- Josh Minott‘s $2.02MM salary with the Timberwolves for 2024/25 is now guaranteed, tweets Dane Moore of Blue Wire Podcasts. Minott’s cap hit is a little less than that of a two-year veteran’s minimum, so in addition to having the opportunity to continue developing the 2022 second-round pick, Minnesota will save a little money by carrying him in place of a minimum-salary signing.
- Reporting last week suggested that the Rockets planned to keep center Jock Landale through his guarantee date on Saturday, and there have been no indications since then that the plan has changed or that his deadline has been pushed back, so we’re assuming his $8MM salary for 2024/25 is now fully guaranteed. Landale, who had an inconsistent role last season, could be used as a salary-matching piece in a Houston trade at some point during the coming league year.
- Our early salary guarantee date tracker has been updated to reflect all of these updates.
QO Decisions: Jazz, Okeke, Pacers, Krejci, Celtics, More
The Jazz declined to issue qualifying offers to guard Kira Lewis or center Micah Potter ahead of Saturday’s deadline, reports Tony Jones of The Athletic (Twitter links). As a result, both players will be unrestricted free agents this summer rather than restricted.
Lewis, the 13th overall pick in the 2020 draft, didn’t establish himself as a rotation player during three-and-a-half seasons in New Orleans. He was traded from the Pelicans to the Pacers to the Raptors to the Jazz during the 2023/24 season, and played a limited role in Utah after arriving from Toronto as a salary-matching piece in the deal involving Kelly Olynyk and Ochai Agbaji. His qualifying offer would have been worth $7.74MM, so it comes as no surprise that it wasn’t tendered.
Potter also played sparingly for the Jazz last season while on a two-way contract, though he has shown some promise in the G League and is part of the U.S. Select Team that will scrimmage with Team USA ahead of the Olympics. His qualifying offer would’ve been for a partially guaranteed minimum-salary deal. According to Jones, a return to Utah is possible, though Potter may receive interest from other teams.
The only Jazz player eligible for restricted free agency who received a qualifying offer is guard Johnny Juzang, Jones reports (Twitter link). Since he has finished each of the past two seasons on a two-way contract with Utah, Juzang wasn’t eligible for another two-way qualifying offer, so his QO is for a partially guaranteed one-year minimum deal.
Here are more qualifying offer updates from around the NBA:
- Former Magic first-round pick Chuma Okeke didn’t receive a qualifying offer that would’ve been worth about $7.4MM and will become an unrestricted free agent, per Jason Beede of The Orlando Sentinel. Okeke, 25, has played good defense since entering the league in 2020, but hasn’t contributed much offensively, averaging 6.3 points per game on .383/.318/.789 shooting in 189 career contests (20.3 MPG).
- The Pacers have tendered qualifying offers to Obi Toppin ($7.74MM), Oscar Tshiebwe (two-way), and Quenton Jackson (two-way), according to a pair of stories from Tony East of SI.com. All three players will now be restricted free agents.
- The Hawks have issued a two-way qualifying offer to guard Vit Krejci, making him a restricted free agent, a league source tells Lauren L. Williams of The Atlanta Journal-Constitution (Twitter link). Krejci is a candidate to negotiate a standard contract with Atlanta after finishing the 2023/24 season as a rotation player. He could also sign an offer sheet with another team, but the Hawks would have the right to match it.
- After declining Neemias Queta‘s team option for 2023/24, the Celtics tendered him a qualifying offer, according to Keith Smith of Spotrac (Twitter link). Two-way player Drew Peterson also got a qualifying offer from Boston, but JD Davison didn’t, Smith adds. Queta’s QO will be worth approximately $2.37MM, while Peterson’s will be for another two-way contract.
- The following players also received two-way qualifying offers, according to Smith: Lakers big man Colin Castleton (Twitter link), Bulls forward Adama Sanogo (Twitter link), Spurs wing David Duke (Twitter link), and former Warriors guard Nico Mannion (Twitter link), whose RFA rights continue to held by Golden State as he continues his career overseas. San Antonio issued a $2.7MM qualifying offer to big man Sandro Mamukelashvili too, making him a restricted free agent, tweets Smith.
- The Clippers opted not to extend qualifying offers to two-way players Xavier Moon and Moussa Diabate, according to Law Murray of The Athletic (Twitter links). The door isn’t closed on a new deal for either player, but it sounds like they’ll explore their options as unrestricted free agents, per Murray. The qualifying offers for Moon and Diabate would have been partially guaranteed minimum-salary offers, since they were ineligible for another two-way QO.
- Neither Nate Hinton nor Jermaine Samuels received a two-way qualifying offer from the Rockets, tweets Kelly Iko of The Athletic. Both players will be unrestricted free agents.
Paul George Declines Option, Will Take Free Agent Meetings
6:15pm: George intends to meet with the Clippers, Sixers, and Magic late on Sunday night and into Monday, according to reports from Wojnarowski and Shams Charania of The Athletic (Twitter links).
3:43pm: Clippers star forward Paul George has decided to turn down his $48.8MM player option for the 2024/25 season, reports Adrian Wojnarowski of ESPN (Twitter link).
The move puts George on track to become an unrestricted free agent, and he intends to schedule meetings with the Clippers – who control his Bird rights – and other suitors with cap room beginning on Sunday evening, says Wojnarowski.
The decision also means that an opt-in-and-trade scenario is off the table for George, so over-the-cap teams who were hoping to acquire him – including the Warriors – will no longer have a realistic path to do so.
George turned 34 in May but has continued to produce like one of the NBA’s best wings in recent years. In 74 games in 2023/24, he averaged 22.6 points, 5.2 rebounds, 3.5 assists, and 1.5 steals in 33.8 minutes per game, posting a strong shooting line of .471/.413/.907.
The Clippers signed their other star forward – Kawhi Leonard – to a three-year, $152MM contract extension in January and have reportedly attempted to get George locked up to a similar deal, which is below his maximum in terms of both years (he can get up to four) and dollars. The Los Angeles native has been unwilling to sign what his hometown team has put on the table so far and – with the two sides apparently at a stalemate – will weigh his options on the open market.
The Sixers, who will have more than enough cap room to accommodate a maximum-salary contract, have long been viewed as the biggest threat to the Clippers for George. A report last week indicated that Philadelphia’s interest in pursuing George had “waned,” but Chris Haynes of Bleacher Report (Twitter link) hears from sources that the 76ers are still expected to aggressively try to lure George away from the West Coast. The Magic are another team with significant cap room that has been mentioned as a potential suitor.
[RELATED: Multiple Suitors Reportedly Willing To Offer Paul George Four-Year Deal]
As our maximum-salary projections for 2024/25 show, rival suitors will be able to offer George up to a projected $212.2MM over four years, while the Clippers could bid up to about $221MM over those four years. Typically, Los Angeles would be able to offer a fifth year to a Bird-rights free agent, but that’s not an option for George due to the over-38 rule.
While a sign-and-trade deal sending George to a new team is technically possible, it likely won’t be a practical option for over-the-cap suitors. A team that takes back salary in exchange for a signed-and-traded player becomes hard-capped at the second tax apron, so acquiring upwards of $40MM in salaries for George probably won’t be viable for the Clippers.
Warriors Preparing To Lose Klay Thompson
With Klay Thompson just 24 hours away from reaching unrestricted free agency, the Warriors are preparing to lose their longtime sharpshooter and four-time NBA champion, league sources tell Shams Charania and Anthony Slater of The Athletic.
According to Charania and Slater, the Warriors and Thompson haven’t had much contact as of late and the team hasn’t made him a formal contract offer since the exclusive negotiating window opened after the NBA Finals.
The club has expressed interest in circling back to the five-time All-Star after addressing other business, including figuring out what to do with Chris Paul and his non-guaranteed $30MM expiring salary.
However, Thompson’s side believes Golden State’s interest in a reunion has been “disingenuous,” per The Athletic’s duo, who say he “never felt reciprocated love from management about his firm place in the franchise’s plans.”
As a result, the 34-year-old is determined to find a new home, league sources tell Charania and Slater, and both sides believe their 13-year run together is about to come to an end.
The Lakers, Clippers, and Mavericks are expected to be among Thompson’s top suitors, though all three teams project to be over the cap and would have to negotiate a sign-and-trade. Golden State has been open to the idea of accommodating such a deal in order to maximize Thompson’s earning potential, sources tell The Athletic.
Multiple clubs with cap room are expected to be in the mix too, per Charania and Slater. The Sixers and Magic are among the cap-space teams that have been linked to the longtime Warrior in recent days.
Marc Stein, who reported on Friday night that there’s “strong” mutual interest between Thompson and the Mavericks, tweets that LeBron James is hopeful the Lakers can make a bid to challenge Dallas for the veteran swingman. For his part, Thompson is intrigued by the Lakers possibility and plans to talking to both them and the Mavs, among other potential suitors, tweets Broderick Turner of The Los Angeles Times.
Grizzlies Decline Luke Kennard’s 2024/25 Team Option
The Grizzlies did not exercise Luke Kennard‘s $14.8MM team option for 2024/25 prior to Saturday’s deadline, reports Adrian Wojnarowski of ESPN (Twitter link).
While the move will make Kennard an unrestricted free agent, the two sides are “eager” to discuss a new, restructured deal, according to Wojnarowski.
Kennard was limited to just 39 games (22 starts) this past season for health reasons, including a left knee bone bruise, but was effective when he was available, with averages of 11.0 points, 3.5 assists, and 2.9 rebounds in 25.6 minutes per game.
One of the NBA’s best three-point shooters, the 28-year-old wing has made at least 44.6% of his attempts from beyond the arc in each of the past four seasons, including 45.0% in 2023/24.
A $14.8MM salary isn’t unreasonable for a shooter of that caliber, but the Grizzlies would have been above the first tax apron if they had exercised Kennard’s option. As Bobby Marks of ESPN tweets, team salary is now $8MM below the luxury tax line and $11.5MM below the first apron.
The Grizzlies value Kennard and what he brings to the rotation, according to Damichael Cole of The Memphis Commercial Appeal (Twitter link), so a new deal is possible. However, as Cole notes, the veteran sharpshooter figures to draw interest on the open market.
Heat’s Caleb Martin, Thomas Bryant Opting For Free Agency
Heat forward Caleb Martin is turning down his $7.13MM player option for 2024/25 in order to become an unrestricted free agent, reports Michael Scotto of HoopsHype (Twitter link).
Miami big man Thomas Bryant is also declining a player option and opting for unrestricted free agency, according to Anthony Chiang of The Miami Herald (Twitter link). Bryant’s option would have paid him about $2.85MM.
Martin’s decision comes as no surprise. He ranked 23rd on our list of this summer’s top 50 free agents. While his 2023/24 numbers (10.0 PPG, 4.4 RPG, 2.2 APG) don’t jump off the page, he’s the type of connecting piece that every team could use.
The 28-year-old wing can help out in a lot of different ways, including as a shooter (.368 3PT% during his three years in Miami) and switchable defender. He should draw interest from multiple teams willing to offer him more than he would have earned on his option.
Bryant’s decision, meanwhile, could have gone either way. The Heat envisioned him as Bam Adebayo‘s backup at the five when they signed him last summer, but the fit wasn’t as smooth as either side had hoped.
Bryant averaged 5.7 points and 3.7 rebounds in just 11.6 minutes per game across 38 appearances. While he may not receive offers above the minimum on the open market, it makes sense that he’d seek a situation where he might have a larger role.
Of the four Heat veterans who entered the week with player option decisions to make, only Josh Richardson opted in. Martin, Bryant, and Kevin Love all declined their options, though Love, at least, is considered a strong candidate to remain in Miami.
Thunder Declining 2024/25 Options On Joe, Wiggins
The Thunder won’t exercise their team options for 2024/25 on wings Isaiah Joe or Aaron Wiggins, reports Shams Charania of The Athletic (Twitter link).
Both options were for very team-friendly rates — Joe’s was worth $2.165MM, while Wiggins’ was for $1.989MM. On the surface, it looks like a surprise that Oklahoma City is turning them down, given that the two players were solid rotation pieces in 2023/24.
However, as Charania notes, the Thunder don’t intend to let either player get away and will work on longer-term deals with both of them.
The thinking is that the Thunder will be able to keep Joe’s and Wiggins’ very small cap holds on the books, use up all of their cap room on other moves, then go over the cap to re-sign the two players to multiyear contracts using their Bird rights (or, in Joe’s case, Early Bird rights).
Joe and Wiggins will be rewarded with raises for the 2024/25 season and may in turn give the Thunder a better long-term rate than they would have if they became free agents a year from now (though that’s not a certainty).
Wiggins can be made a restricted free agent with a qualifying offer, and Michael Scotto of HoopsHype (Twitter link) confirms he has received that offer (worth about $2.4MM). However, Joe has too many years of service to be an RFA, so I’d imagine the Thunder have a pretty good idea of what it will take to re-sign him.
Joe has spent the past two seasons in Oklahoma City after being waived by the Sixers. During that time, he has been one of the team’s most reliable shooters off the bench, averaging 8.8 points per game with a .412 3PT% in 151 outings (11 starts; 18.8 MPG).
Wiggins, the 55th overall pick in the 2021 draft, has been with the Thunder for three seasons, averaging 7.3 PPG, 2.9 RPG, and 1.2 APG in 198 games (53 starts; 18.9 MPG) during that time. His career shooting line is an impressive .514/.394/.780.
Pacific Notes: Westbrook, Reaves, Murray, Suns FA Targets
Although Russell Westbrook is exercising his player option to guarantee his $4MM salary for the 2024/25 season, his return to the Clippers isn’t a certainty, a league source tells Law Murray and Jenna West of The Athletic, who write that there’s a chance “the player and team move on” this offseason. The Clippers have been linked to other veteran point guards in recent weeks, including Chris Paul and Kyle Lowry.
Here’s more from around the Pacific:
- Although the Lakers still had some interest in Dejounte Murray before Atlanta agreed to trade him to New Orleans, L.A. remained unwilling to give up Austin Reaves as part of its package and was out of the running as a result, sources tell Shams Charania, Sam Amick, and West of The Athletic.
- John Gambadoro of Arizona Sports 98.7 (Twitter link) names Monte Morris and Aaron Holiday as a pair of potential free agent point guard targets to watch for the Suns. Phoenix will be limited to minimum-salary offers, which means Holiday may be a more viable option than Morris. Gambadoro adds that previously reported target Kris Dunn would be a logical fit for the Suns, but says he’s not sure if Dunn will be “gettable.”
- Gerald Bourguet of PHNX Sports shares his Suns free agency primer, breaking down potential options for the team on the free agent and trade markets and detailing the restrictions the front office will face as it navigates the second tax apron.
More Conflicting Reports On Sasha Vezenkov’s Future
Sasha Vezenkov officially has a new NBA team, having been traded from the Kings to the Raptors on Friday. However, that hasn’t quieted whispers from the rumor mill about what his future holds.
Alessandro Maggi of Sportando reported earlier today that Vezenkov is expected to return to the EuroLeague, where he earned MVP honors in 2023. According to Maggi, Vezenkov is close to finalizing a four-year contract with his former team in Greece, Olympiacos.
However, Toronto-based reporter Michael Grange of Sportsnet.ca disputed that claim, noting that the Raptors have Vezenkov and his guaranteed $6.66MM salary on their books for the 2024/25 season and have no plans to waive him. The expectation from the team is that he’ll be in training camp this fall, Grange adds.
This isn’t the first time this offseason that there have been conflicting reports about Vezenkov’s future. Earlier in June, an Italian reporter claimed Vezenkov was told he was no longer in Sacramento’s plans and the team would look to trade him, while Eurohoops said that Vezenkov told the Kings he wasn’t going to return for a second season and that he was undecided on whether he would stay in the NBA or return to Europe.
A follow-up report stated that Vezenkov intended to honor his contract and indicated there was “no truth” to the rumor that the forward was considering an NBA exit. His agent subsequently said on the record that staying in the NBA was the priority, though he added that Panathinaikos and Olympiacos had interest in his client.
Given all that context, it seems likely that Vezenkov will continue on his current contract if the Raptors are interested in bringing him to camp, but this could be a situation worth keeping an eye on as the offseason progresses.