Hoops Rumors Glossary: July Moratorium
NBA free agents come off the board in rapid succession as soon as the league-wide negotiating period opens on June 30 at 6:00 pm Eastern time. However, most of those deals can’t become official right away, due to what’s known in the league’s Collective Bargaining Agreement as the “moratorium period.” We know it colloquially as the July moratorium.
The July moratorium – which lasts from 12:01 am Eastern time on July 1 until 12:00 pm on July 6 – essentially puts a freeze on most transactions for several days at the start of the new league year. NBA free agents are allowed to negotiate with clubs during the moratorium, and they can agree to terms on new contracts, but they are unable to officially sign new deals until the moratorium ends. The same goes for trades — two teams can agree to terms on a deal, but can’t formally put it through until at least July 6.
While nearly every agreement reached during the July moratorium eventually gets finalized, the unofficial nature of those initial deals can occasionally wreak havoc on the league’s free agent market.
DeAndre Jordan‘s 2015 free agency isn’t the only example of this, but it’s certainly the most memorable one from the last decade. Jordan initially agreed to terms with the Mavericks during the July moratorium, but before the moratorium ended and the two sides could make it official, the Clippers changed Jordan’s mind and convinced him to re-sign with L.A.
Because Jordan and the Mavs had only reached an informal verbal agreement, there was nothing Dallas could do to stop him from reversing course during the moratorium. Still, this sort of about-face is rare, as it can result in fractured relationships between players, agents, and teams.
While most NBA transactions can’t be completed during the moratorium, there are several exceptions to that rule. The following moves are permitted between July 1 and July 6:
- A team can sign a first-round draft pick to his rookie scale contract.
- A team can sign a second-round draft pick using the second-round pick exception.
- A team can sign a player to a one- or two-year minimum-salary contract.
- A restricted free agent can sign a qualifying offer from his current team.
- A restricted free agent can sign a five-year, fully guaranteed maximum-salary contract with his current team.
- A restricted free agent can sign an offer sheet with a new team; the one-day matching period would begin once the moratorium ends.
- A team can sign a player to a two-way contract, convert a two-way contract into a standard NBA deal, or convert an Exhibit 10 deal into a two-way contract.
- A team can waive a player or claim a player off waivers.
- A team can exercise its third- or fourth-year team option on a rookie scale contract.
- A second-round pick can accept a required tender (a one-year contract offer) from his team.
Under older Collective Bargaining Agreements, the NBA finalized the salary cap at some point during the July moratorium, and the new cap would take effect once the moratorium ended. However, the current CBA calls for the salary cap for the new league year to be set before the start of July, with the new figure going into effect immediately on July 1. This gives teams more clarity on exactly how much room they have available as they negotiate with free agents during the moratorium.
Several years ago, the NBA moved the start of its free agency negotiating period forward by six hours, opening that window at 6:00 pm ET on June 30 instead of at 12:01 am ET on July 1. Although the July moratorium doesn’t technically begin until July 1, free agents who reach agreements quickly can’t officially sign on June 30, since their old contracts haven’t technically expired yet. That rule will also apply this year to free agents who reach agreements with their own teams during the exclusive negotiating period between the end of the NBA Finals and June 30.
However, if an extension-eligible veteran agrees to a new deal with his current team, he can officially complete that extension during that six-hour period on June 30, before the moratorium goes into effect — Thaddeus Young (Raptors) and Gary Harris (Magic) took this route in 2022, formally finalizing their new contracts as extensions on the evening of June 30 before the moratorium period began.
Finally, it’s worth noting that while we refer to this period at the start of free agency as the “July” moratorium, it doesn’t always take place in July. For instance, due to the COVID-19 pandemic, the moratorium period instead occurred in November in 2020 and in August in 2021.
Note: This is a Hoops Rumors Glossary entry. Our glossary posts will explain specific rules relating to trades, free agency, or other aspects of the NBA’s Collective Bargaining Agreement. Larry Coon’s Salary Cap FAQ was used in the creation of this post. Earlier versions of this post were published in previous years.
International Notes: Slovenia, Doncic, Croatia, South Sudan, Siulepa
The Slovenian national team has officially announced the 16 players who will make up its preliminary roster for the Olympic qualifying tournament in Greece next month (Twitter link). While the 16-man group features currently Nuggets forward Vlatko Cancar and a couple other players with prior NBA experience (Zoran Dragic and Mike Tobey), the headliner is Mavericks guard Luka Doncic.
Slovenia obviously hopes that Doncic will be available to help the team try to claim one of the final four Olympic berths this summer, and the Mavs star said on Wednesday that he wants to do so, despite battling knee issues this spring, as Tim Reynolds of The Associated Press tweets. Doncic still has one more series to get through, so his availability in Greece will presumably hinge on how he’s feeling at the conclusion of the NBA Finals.
Here’s more from around the international basketball world:
- Croatia, which will be in Slovenia’s group at the qualifying tournament in Greece, has also announced a preliminary roster for that event. Warriors forward Dario Saric and Clippers center Ivica Zubac are among the 17 players who are candidates to make up the 12-man roster, while former NBA wing Mario Hezonja is one of the other notable names in that group.
- South Sudan, which has already qualified for the Olympics based on its results at last year’s World Cup, revealed a 25-man preliminary roster for Paris (Twitter link). Some of the biggest names in the mix for roster spots include Bol Bol, Wenyen Gabriel, Thon Maker, JT Thor, and World Cup star Carlik Jones.
- Seventeen-year-old Australian prospect Roman Siulepa is signing with the Tasmania JackJumpers as part of the National Basketball League’s Next Stars program, he tells Jonathan Givony of ESPN. Givony identifies Siulepa as one of the most promising international prospects in his age group, noting that the 6’7″ small forward has averaged 21.0 points and 10.7 rebounds per game in the second division of Australia’s NBL this season.
Projected Lottery Pick Nikola Topic Has Partially Torn ACL
Nikola Topic, long considered a probable lottery pick in the 2024 draft, has been diagnosed with a partially torn ACL, agent Misko Raznatovic confirmed to Jonathan Givony of ESPN.
Topic is among the prospects currently in attendance at the NBA’s international draft combine in Treviso, Italy for players who couldn’t make it to last month’s combine in Chicago. This week’s international combine features a medical examination – including imaging – for all participants, which confirmed the diagnosis for the 6’7″ guard.
As an early entrant in this year’s draft class, Topic has until June 16 to decide whether or not he wants to keep his name in the pool. The plan, Givony writes, is for the Serbian point guard to travel in the coming days to the United States, where he’ll be evaluated by NBA team doctors and work out a treatment plan, including possible surgery.
For what it’s worth, Raznatovic told Givony that he doesn’t think the injury will have a significant impact on Topic’s draft stock due to his age (19 in August) and the early feedback from U.S. doctors who have looked at his MRIs. Those doctors have said the stability of the knee is “in excellent shape,” per Raznatovic.
While it’s hard to imagine an NBA franchise being quite as enthusiastic about using a lottery pick on a player with an injury that could cause him to miss some or all of his rookie season, Topic’s recovery timeline could be accelerated if doctors determine that reconstructive surgery isn’t necessary.
Teams drafting in the top 15 will be assured of receiving Topic’s medical information, Givony notes, due to a rule change in the new CBA. It would be up to Topic’s representatives to decide whether to share his medicals with teams outside of the top 15.
As Givony writes, Topic initially sustained a left knee injury in January while playing for Crvena Zvezda in Serbia. He returned to action in late April, but played just three Adriatic League games before hurting the knee again. The No. 9 player on ESPN’s 2024 big board, Topic was excellent when healthy in 2023/24, averaging 18.6 points and 6.9 assists per game for Mega Basket and Crvena Zvezda, per Givony.
Poll: Who Will Win 2024 NBA Finals?
Based on what we’ve seen to this point in the 2023/24 NBA season, we have little reason to view the Celtics as anything but strong favorites entering the NBA Finals. Betting website BetOnline.ag agrees, listing them at -220 to win the series.
Boston finished the regular season with a 64-18 record, seven games ahead of any other team in the NBA, 14 games ahead of any other Eastern Conference team, and 14 games ahead of the Mavericks.
Only 21 teams in NBA history have won more games in a single regular season than the Celtics did this year, and 15 of those clubs won championships.
Only two teams in league history have had a higher regular season net rating (+11.7) than the Celtics did in 2023/24, and both of those teams (the 1996 and 1997 Bulls) won titles.
None of this year’s playoff teams has a better postseason record (12-2) or net rating (+10.8) than the Celtics. By comparison, the Mavericks are at 12-5 and +4.1.
So what’s the case against the Celtics? Well, there are a few factors to consider with Game 1 set to tip off on Thursday.
For one, will the Celtics have a healthy Kristaps Porzingis? The big man intends to suit up on Thursday, barring a setback, but he admitted to reporters on Tuesday that he’s not sure whether he’s 100% after being sidelined for approximately five weeks due to a calf strain that forced him to miss two full rounds of the playoffs.
If Porzingis is unavailable or unable to perform at his usual level, it would reduce the Celtics’ offensive options and limit their ability to protect the rim on defense. The Mavericks have thrived this postseason in part by letting centers Daniel Gafford and Dereck Lively hang out near the basket to defend the paint, allowing rival big men to let it fly from beyond the arc. That would be a more difficult strategy to deploy vs. Boston if Porzingis (who made 37.5% of 5.1 threes per game this season) is back in form.
The more difficult path the Mavericks traveled to reach the NBA Finals may be another point in their favor. None of the teams the Celtics defeated en route to the Finals had a top-10 record or a top-nine net rating during the regular season, and all three were missing their best players for part or all of the series vs. Boston (Jimmy Butler for Miami, Donovan Mitchell for Cleveland, and Tyrese Haliburton for Indiana).
Dallas, on the other hand, ran through three of the Western Conference’s top four seeds, knocking off a Clippers team that ranked seventh in net rating during the regular season before going on to upset the Thunder (No. 2 in net rating) and Timberwolves (No. 3). The Mavs weren’t supposed to make it this far, which means they’re essentially playing with house money at this point, whereas the Celtics – following a series of playoff letdowns in recent years – are in championship-or-bust mode and may be feeling more pressure.
Finally, while the Celtics had the strongest, most well-rounded starting lineup of any NBA team this season, the Mavericks showed in the Western Conference finals vs. Minnesota that if their stars – Luka Doncic and Kyrie Irving – are the best players on the court, they can get enough from their role players to beat a team with a more talented supporting cast. Boston will have plenty of talented defenders to throw at Doncic and Irving, including Jrue Holiday and Derrick White, but if the Mavs’ star guards can outplay Jayson Tatum and Jaylen Brown, they’ll have a chance.
We want to know what you think. Are there enough compelling reasons to believe the Mavericks can pull off the upset and become the NBA’s 2024 champions, or will Boston cap off a dominant season by winning its record-setting 18th title?
Vote in our poll, then head to the comment section below to share your predictions!
Who will win the 2024 NBA Finals?
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Boston Celtics in 6-7 games 42% (595)
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Dallas Mavericks in 6-7 games 37% (526)
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Boston Celtics in 4-5 games 17% (245)
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Dallas Mavericks in 4-5 games 4% (56)
Total votes: 1,422
Pacific Notes: LeBron, Irving, O’Neale, Ballmer
Discussing his former teammate Kyrie Irving on his Mind The Game podcast (YouTube clip), Lakers star LeBron James said he has gotten satisfaction out of watching Irving’s success in Dallas, but admitted that he’s disappointed to no longer be playing with the star guard.
“I’m so f—ing happy and so proud to watch him continue his growth,” James said. “I’m so f—ing mad at the same time that I’m not his running mate anymore.”
As Dave McMenamin of ESPN details, Irving requested a trade out of Cleveland in 2017, in large part due to his desire to get out from under James’ shadow and to have his own team, but the mutual appreciation between the two stars seems to have grown since their days together as Cavaliers.
LeBron was known to be pushing for the Lakers to acquire Irving during multiple transaction cycles before the guard was ultimately sent to Dallas at the 2023 trade deadline. However, with Irving thriving in Dallas and under contract for up to two more seasons, it seems unlikely at this point that he and James will reunite prior to LeBron’s retirement.
James added that he doesn’t view the Mavericks as a significant underdog vs. Boston in the NBA Finals because he views Irving as a potential difference-maker.
“To have a guy like Kyrie Irving as the ultimate wild card,” James said. “It’s like having a Draw 4 in your hand every time someone deals you cards in Uno.”
Here’s more from around the Pacific:
- Responding to an ESPN report that said the Suns are expected to retain free agent forward Royce O’Neale, John Gambadoro of Arizona Sports 98.7 confirmed on The Burns & Gambo show (podcast link) that a new deal between the two sides is likely, but suggested that Phoenix will probably have to offer a longer-term contract to make sure it gets done. “What they’re going to have to three or four years to keep him. Other teams will probably offer him more money on a shorter-term deal,” Gambadoro said. “… What I’m expecting and what I’ve heard is that the Suns will likely go three to four years on an offer to keep Royce O’Neale.”
- With the TV series ‘Clipped’ debuting this week, Law Murray of The Athletic takes a look back at how Steve Ballmer reset the Clippers‘ culture after buying the team in 2014 following the Donald Sterling scandal. “It was positive in a way,” former Clippers center DeAndre Jordan said of the Sterling situation. “Because we did end up getting one of the greatest sports owners, in my opinion, in Steve. The things that he’s done have been amazing, and I can’t wait to see what he continues to do, especially starting next year (when the Clippers move into their new arena).”
- In case you missed it, the Lakers are said to be “zeroing in” on J.J. Redick as their next head coach. Get the full story here.
Central Notes: Eversley, Bulls, Pacers, Pistons
Bulls general manager Marc Eversley, who reportedly received consideration from Detroit and Charlotte when those teams sought new heads of basketball operations earlier this year, recently signed a new three-year contract with Chicago that will begin in July, a source with knowledge of the situation tells Darnell Mayberry of The Athletic.
Eversley, who was hired by the Bulls in 2020, has served since then as the front office’s No. 2 executive under head of basketball operations Arturas Karnisovas.
The Athletic’s report on Eversley’s contract situation comes within a larger look at some key questions facing the Bulls this offseason, as Mayberry considers what the future holds for DeMar DeRozan and Lonzo Ball, among others. Mayberry speculates that if the Bulls want to do a short-term deal for DeRozan, they may have to offer upwards of $40MM annually; he also suggests that team officials seem less optimistic than Ball about his ability to be ready to go on opening night in 2024/25.
Here’s more from around the Central:
- This year’s Pacers have been likened by some to the 2021 Hawks, who unexpectedly made the Eastern Conference finals but haven’t won a playoff series since then, writes Dustin Dopirak of The Indianapolis Star. However, Tyrese Haliburton believes the 2010-14 Pacers (who won five total playoff series and made the Eastern Conference finals twice) are a better reference point for Indiana’s current team, adding that he and his teammates will be fueled by the skepticism about their staying power. “We’re a group of guys that are really motivated by negativity, motivated by being doubted,” Haliburton said. “That’s how a lot of us guys are motivated. I’m really excited to go into this next year with, ‘The Pacers made the Eastern Conference finals. Can they do it again? They probably can’t. They’re this, they’re that.’ That’s exciting for our group.”
- Omari Sankofa II of The Detroit Free Press (subscription required) poses five crucial questions for new Pistons president Trajan Langdon to consider, including whether the Cade Cunningham/Jaden Ivey backcourt duo can work long-term, whether Jalen Duren is a franchise center, and whether this offseason is the right time to take a big swing.
- James L. Edwards III of The Athletic takes a look at Langdon’s draft history as the Pelicans’ general manager to get a sense of what sort of player the Pistons might target at No. 5. In Edwards’ view, a “long, rangy” wing could be Detroit’s preference, with Matas Buzelis among the prospects who could be a fit in at No. 5.
Pistons Hiring J.R. Holden In Front Office Role
The Nets are about to lose another key executive, according to Jake Fischer and Vincent Goodwill of Yahoo Sports, who report (via Twitter) that Brooklyn’s director of player personnel J.R. Holden will leave the organization to take a front office job with the Pistons.
Sean Marks already lost one top lieutenant in March when the Hornets hired Jeff Peterson (an assistant GM in Brooklyn) as their new head of basketball operations. Holden will be joining new president of basketball operations Trajan Langdon in Detroit.
Although Langdon and Holden both worked under Marks in Brooklyn, they didn’t overlap at all during their stints with the franchise. Langdon left the Nets in 2019 to become the Pelicans’ general manager. Later in that same summer, Holden was hired away from the Sixers by the Nets, who made him their director of player personnel.
However, Langdon and Holden were teammates with CSKA Moscow during their playing careers. A former standout at Bucknell, Holden played professionally overseas from 1998-2011, competing in Latvia, Belgium, Greece, and Russia. He and Langdon won a pair of EuroLeague championships with CSKA in 2006 and 2008, and both men were named to the EuroLeague’s All-Decade team for the 2000s.
Following his playing career, Holden transitioned into scouting, working for Detroit and Philadelphia before being hired by the Nets in 2019. The Pistons reportedly had interest in bringing him back in an executive role in 2020, but nothing came of that interest at the time — four years later, it appears a reunion is imminent.
Fischer and Goodwill don’t specify what Holden’s title will be with the Pistons, so it’s unclear whether he’ll be Langdon’s second-in-command or if another executive will be brought in for that position. Previous reporting stated that Detroit was eyeing Pelicans VP of basketball administration Michael Blackstone as a possible No. 2 to Langdon.
Draft Rumors: Grizzlies, Rockets, Bridges, Hawks, Carter, Furphy, Nunez
The Grizzlies are exploring the possibility of trading up in the 2024 NBA draft and have talked to the Rockets about the No. 3 pick, league sources tell Kevin O’Connor of The Ringer. In O’Connor’s view, if Memphis or another team makes a trade with Houston for that third overall pick, UConn center Donovan Clingan is the likeliest target.
The Rockets, according to O’Connor, are holding out hope that the Nets would be open to moving Mikal Bridges for a package that includes that No. 3 pick, but Brooklyn’s preference is to retain Bridges and add pieces around him.
If Houston ultimately stays put at No. 3, O’Connor believes that either Clingan or Reed Sheppard is the best bet to come off the board in that spot.
Here are a few more draft-related notes and rumors:
- While none of the top prospects in this year’s class have visited the Hawks yet, there’s an expectation that will change as the draft nears, writes O’Connor. Zaccharie Risacher told reporters today that he’ll travel to the U.S. soon to visit NBA teams, according to John Hollinger of The Athletic (Twitter link), who speculates that Atlanta could be the first stop for the French forward.
- O’Connor’s sources say that Providence guard Devin Carter, the No. 13 player on ESPN’s big board, has received a promise somewhere in the lottery. However, O’Connor isn’t sure which team may have made that promise — he has Carter going to Chicago at No. 11 in his latest mock draft.
- O’Connor refers to Kansas’ Johnny Furphy as one of the “biggest risers of the pre-draft process.” Furphy is up to No. 18 on ESPN’s big board, though O’Connor has him at No. 24 in his mock draft.
- Spanish point guard Juan Nunez, who declared for the draft as an early entrant, remains undecided on whether or not he’ll withdraw before the NBA’s June 16 deadline, but says he’s leaning toward staying in, tweets Jonathan Givony of ESPN. The No. 37 prospect on ESPN’s board, Nunez added that he has worked out for the Timberwolves and Bucks so far.
Western Notes: Wolves, Towns, Lakers, Redick, Ingram, G. Allen
Discussing the Timberwolves‘ ownership situation during the latest episode of the Hoop Collective podcast (YouTube link), ESPN’s Tim MacMahon said there’s a perception around the league that if Alex Rodriguez and Marc Lore assume majority control of the franchise, “payroll’s getting slashed.” However, his colleague Brian Windhorst disagrees with that notion.
“Let me just say this: I don’t believe it’s going to get slashed,” Windhorst said (hat tip to RealGM). “I believe if (A-Rod and Lore) get the team by the fall, which I am skeptical of for various reasons, but if they get the team by the fall, I don’t think they’re cracking this team in pieces to save money. I think because one thing about the team, they have instantaneous equity, they can borrow it against it like that.”
While Windhorst doesn’t expect payroll to decline drastically if Rodriguez and Lore take over majority control from longtime owner Glen Taylor, he does think the new owners may not be attached to Karl-Anthony Towns as Taylor has been to this point.
“I do not think they would tear the team apart. However, I do think that there’s a possibility if the ownership change took place that Karl Towns’ role would be reevaluated,” Windhorst said.
After MacMahon stated more frankly that Towns would likely find himself “on the trade block” in that scenario, ESPN’s Tim Bontemps pointed out that exploring trade scenarios involving the big man doesn’t necessarily mean he’d be moved, since his super-max contract, which includes a $49MM+ cap hit for 2024/25, will make it difficult for Minnesota to find a suitable deal.
“(That’s) why I believe he’s not going anywhere,” Windhorst said. “Because trading him and getting equal return is going to be next to impossible.”
Here’s more from around the Western Conference:
- In another segment of the Hoop Collective podcast, Windhorst suggested that the Lakers have been sending the message that they’re still early in the process of their head coaching search, but that the noise surrounding J.J. Redick‘s candidacy has been loud. “I have some people saying, ‘This is J.J. Redick’s job’ that I trust,” Windhorst said (hat tip to RealGM). “I have some people saying this is a process that is not complete. I suspect I know something, but I am just going to tell you that there’s multiple streams of information. James Borrego has had multiple meetings with the Lakers. I do think that he is a viable candidate for sure, but I think J.J. Redick is a very strong candidate. And he also is calling the (NBA) Finals for our network on ABC and ESPN. So it is what it is.”
- While there’s a widespread belief that the Pelicans will gauge the trade market for Brandon Ingram this summer, William Guillory of The Athletic makes the case that keeping the former All-Star forward is the right move for New Orleans, arguing that it would be hard to find a deal involving Ingram that makes the team better than the 49-win version from this past season.
- Having signed a contract extension in April, veteran wing Grayson Allen won’t become trade-eligible until October. But what sort of deal could the Suns make if they were willing to part with Allen in the fall or at next year’s trade deadline? Gerald Bouguet of PHNX Sports attempts to answer that question, generating 15 potential trade scenarios involving Allen.
Cavs Receive Permission To Interview David Adelman
The Cavaliers have requested and received permission to meet with Nuggets assistant David Adelman about their head coaching vacancy, reports Adrian Wojnarowski of ESPN (Twitter link).
Adelman, 43, is Michael Malone‘s top assistant in Denver and has served as acting head coach in a handful of instances when Malone was unavailable. He has drawn praise from Nikola Jokic and Aaron Gordon for his coaching acumen.
The son of longtime NBA head coach Rick Adelman, David began his coaching career at the high school level before being hired by the Timberwolves in 2011. He was in Minnesota for five seasons, spent the 2016/17 campaign with Orlando, and arrived in Denver in 2017.
Adelman has received head coaching consideration from the Lakers and Hornets this offseason after having previously interviewed with the Raptors when they were seeking a head coach last spring.
As our head coaching search tracker shows, Adelman is the sixth candidate reported to be interviewing with the Cavaliers, who are conducting a head coaching search after parting ways with J.B. Bickerstaff. Cleveland’s other interviewees include Kenny Atkinson, James Borrego, Johnnie Bryant, Micah Nori, and Chris Quinn.
A recent report stated that the Cavs could end up talking to upwards of about 10 candidates, so additional updates on contenders for the job could still be forthcoming. Former NBA head coach and current Bucks assistant Dave Joerger is expected to meet with the team, according to Chris Fedor of Cleveland.com, who says Mavericks assistant Alex Jensen could get an interview too.
The Cavs have done plenty of background work on Terry Stotts, but one source describes him as a long shot for the job, says Fedor. Sources also tell Cleveland.com that the club isn’t expected to talk to Frank Vogel, who was dismissed last month by the Suns.