Trail Blazers’ Damian Lillard Requests Trade

Trail Blazers star Damian Lillard has requested a trade out of Portland, sources tell Chris Haynes of TNT and Bleacher Report (Twitter link). The team is expected to work to accommodate the request, according to ESPN’s Adrian Wojnarowski and Ramona Shelburne (Twitter link).

Lillard’s future in Portland has been the subject of speculation for several years, as the team hasn’t made it out of the first round of the postseason since 2019 and has missed the playoffs entirely in each of the last two seasons.

The seven-time All-Star, who has spent his entire 11-year NBA career with the Trail Blazers, has repeatedly expressed his loyalty to the organization and conveyed a desire to stick it out in Portland. However, Lillard – who will turn 33 later this month – has also made it clear that he wants to have a chance to contend for a championship during his remaining prime years.

Lillard spoke earlier this year about his preference that the Blazers look to build out their roster with veterans rather than prioritizing youth. So when the franchise landed the No. 3 overall pick in this year’s draft, there was a sense that what Portland did with that selection would significantly influence Lillard’s next move.

Rather than trading the No. 3 pick for an impact player, the Blazers kept it and drafted Scoot Henderson, a 19-year-old guard who has superstar upside but who will need some time to develop at the NBA level. Portland also reached an agreement on a five-year, $160MM deal with free agent forward Jerami Grant on Friday, but Lillard has apparently determined that the team’s moves early in the offseason won’t substantially increase its chances of contending in the short term.

According to Shelburne (Twitter link), Lillard considered asking for a trade when he met with the Blazers’ front office on Monday, but wanted to give them every opportunity to make roster upgrades this week. He decided on Friday night to request a move, Shelburne adds.

Haynes initially reported (via Twitter) the Heat and Nets are the preferred landing spots for the former No. 6 overall pick. Vincent Goodwill of Yahoo Sports adds (via Twitter) that no other teams – including the Sixers – are on Lillard’s wish list for now, though Shelburne (Twitter link) adds that he has a “deep respect” for the Spurs.

While Brooklyn could put together a competitive offer of players and draft picks, it sounds like Lillard is focused specifically on Miami. League sources tell Shams Charania of The Athletic (Twitter link) that the Blazers were told that Dame wants to end up with the Heat.

Lillard spoke to some Heat players recently about how a deal might work, tweets Tim Reynolds of The Associated Press. According to Barry Jackson of The Miami Herald (Twitter link), the star guard loves the city of Miami, is good friends with Bam Adebayo, has “great respect” for Jimmy Butler, and views the Heat as a legitimate contender.

Lillard doesn’t have a no-trade clause, so he could be dealt to any team, but the Blazers likely won’t want to reward his 11 years of service to the franchise by sending him somewhere he doesn’t want to be. If Portland does open up the Lillard sweepstakes to other suitors, Philadelphia would have interest in exploring a deal, as would the Clippers, tweets Wojnarowski.

The Heat are expected to “vigorously” pursue a trade for Lillard, according to Jackson and Anthony Chiang of The Miami Herald. Miami was reportedly in the mix for Bradley Beal in June, but after Phoenix traded for the longtime Wizards star, reports indicated that the Heat were focused on Lillard and were willing to wait for him to ask out of Portland.

A Miami offer for Lillard would almost certainly include at least two of Tyler Herro, Kyle Lowry, and Duncan Robinson. The Heat also have at least two tradable future first-round picks (2028 and 2030) and could sweeten their offer by attaching young prospects such as Nikola Jovic or 2023 first-rounder Jaime Jaquez, or a veteran on a team-friendly contract like Caleb Martin. They could also offer multiple first-round pick swaps.

According to Wojnarowski, the Trail Blazers will prioritize young players and draft picks in their Lillard trade negotiations. In Henderson and 2022 lottery pick Shaedon Sharpe, the club already has two young potential cornerstones to build around.

Raptors’ Thaddeus Young Among Players Earning Salary Guarantees

Veteran forward Thaddeus Young got good news on Friday when the Raptors opted to keep him on their roster rather than waiving him. Because he’s still under contract, Young’s $8MM salary for the 2023/24 season has become fully guaranteed, league sources tell Michael Scotto of HoopsHype (Twitter link). It was previously only partially guaranteed for $1MM.

Young didn’t initially look like a great bet to earn that full $8MM, since Toronto was facing a cap crunch and he didn’t play a major role in 2022/23. The 35-year-old, who appeared in 54 games for the Raptors last season, averaged just 4.4 points and 3.1 rebounds in 14.7 minutes per night — all three numbers were career lows.

However, the Raptors gained significant cap flexibility when Fred VanVleet opted to leave Toronto for Houston in free agency. With no risk of surpassing the luxury tax threshold, the team opted to hang onto Young, whose expiring salary could come in handy in a trade at some point during the 2023/24 league year.

Young was one of several players who had a salary guarantee deadline on Friday, as our tracker shows. Hoops Rumors can confirm that Jeremiah Robinson-Earl of the Thunder ($1.9MM) and Brandon Boston Jr. of the Clippers ($1.84MM) also remain under contract and have fully guaranteed salaries for 2023/24, as does Timberwolves guard Jordan McLaughlin ($2.32MM), which was anticipated.

Trail Blazers forward Trendon Watford was the only roster casualty among Friday’s group, having been cut before his $1.84MM salary became guaranteed. The Magic postponed their decision on big man Bol Bol, though his new salary guarantee date has yet to be reported.

Values Of 2023/24 Mid-Level, Bi-Annual Exceptions

The salary cap for the 2023/24 NBA league year has officially been set, with the league announcing that the cap will be $136,021,000, a 10% increase on last year’s number.

Under the league’s current Collective Bargaining Agreement, the values of the mid-level, room, and bi-annual exceptions are tied to the percentage that the salary cap shifts in a given year. Because the cap figure for 2023/24 increased by 10%, the values of the mid-level and bi-annual exceptions increase by the same amount.

There are a few more wrinkles involved in the calculation of this year’s figures. As part of the NBA’s new Collective Bargaining Agreement, the non-taxpayer mid-level exception is receiving a one-time 7.5% increase in addition to the usual 10% bump, while the room exception has been increased by 30% (plus the usual 10%).

The taxpayer mid-level exception is headed in the other direction, dipping to a flat $5MM this season after being worth approximately $6.48MM last season. It will resume increasing at the same rate as the cap going forward.

Listed below are the maximum annual and total values of each of these exceptions, along with a brief explanation of how they work and which teams will have access to them.


Mid-Level Exception (Non-Taxpayer):

Year Salary
2023/24 $12,405,000
2024/25 $13,025,250
2025/26 $13,645,500
2026/27 $14,265,750
Total $53,341,500

The non-taxpayer mid-level exception is the primary tool available for over-the-cap teams to add free agents. As long as a team hasn’t dipped below the cap to use cap space and doesn’t go over the first tax apron ($172,346,000) at all, it can use this MLE, which runs for up to four years with 5% annual raises.


Mid-Level Exception (Taxpayer):

Year Salary
2023/24 $5,000,000
2024/25 $5,250,000
Total $10,250,000

Besides being worth less, this exception will now only allow for signings of up to two years instead of three, as a result of the new CBA. The goal was to reduce the ability of taxpaying teams to continue adding talent.

This exception is essentially available to teams who expect their total salaries to fall between the first tax apron and the second apron ($182,794,000). It’s not available to teams above the second tax apron, so a team that does use it becomes hard-capped at that second apron. A team that uses more than $5MM of its mid-level exception will be hard-capped at the first apron.

The taxpayer MLE can be used to sign a player for up to two years, with a 5% raise for the second season.


Room Exception:

Year Salary
2023/24 $7,723,000
2024/25 $8,109,150
2025/26 $8,495,300
Total $24,327,450

Although this is also a mid-level exception of sorts, it’s colloquially known as the “room” exception, since it’s only available to teams that go below the cap and use their cap room.

If a club goes under the cap, it loses its full mid-level exception, but gets this smaller room exception, which allows the team to go over the cap to sign a player once the team has used up all its cap space. It can be used to sign players for up to three years, with 5% annual raises.


Bi-Annual Exception:

Year Salary
2023/24 $4,516,000
2024/25 $4,741,800
Total $9,257,800

The bi-annual exception, as its name suggests, is only available to teams once every two years. Of the NBA’s 30 clubs, only two – the Sixers and Heatused it in 2022/23, so they won’t have access to it in ’23/24. The league’s other 28 teams could all theoretically use it this season.

Still, even if a team didn’t use its BAE in ’22/23, that club doesn’t necessarily have access to it for the coming year. As is the case with the non-taxpayer MLE, this exception disappears once a team goes under the cap to use room. It’s also not available to teams over the first tax apron — using the BAE creates a hard cap at that apron.

The BAE can be used to sign players for up to two years, with a 5% raise after year one.

Nets Sign Dennis Smith Jr. To One-Year Deal

JULY 8: The Nets have officially signed Smith, per NBA.com’s transaction log.


JULY 1: The Nets have reached an agreement with Dennis Smith Jr., according to Shams Charania of The Athletic (Twitter link), who reports that the free agent guard will sign a one-year contract with Brooklyn.

The ninth overall pick in 2017, Smith struggled during his first few seasons to live up to the expectations that came with his draft slot, but has developed into a solid role player in large part due to his strong perimeter defense.

Smith isn’t much of a scorer, averaging 8.8 PPG on an underwhelming .412/.216/.736 shooting line in 54 games (25.7 MPG) for the Hornets this past season. However, he can handle the ball and can set up teammates, having dished 4.8 assists per contest in 2022/23. The 25-year-old will provide some depth in a Brooklyn backcourt that lacks consistent, reliable options behind Spencer Dinwiddie.

The Nets made Smith a priority in free agency, according to Charania, who reports that he was the team’s “first call” among outside targets. Brooklyn has also agreed to re-sign one of its own free agents, reaching a four-year, $108MM deal with Cameron Johnson.

The terms of Smith’s deal with the Nets have yet to be reported. Having created some breathing room below the tax apron by agreeing to trade Joe Harris and his $20MM salary to Detroit, Brooklyn could offer more than the veteran’s minimum using the mid-level or bi-annual exception.

Spurs, Rockets Have Most Remaining Cap Room

As we enter the first day of the NBA’s 2023/24 league year, two Southwest rivals – the Spurs and Rockets – are the teams with the most projected cap room still available, according to ESPN’s Bobby Marks (Twitter links) and Keith Smith of Spotrac (Twitter link).

San Antonio and Houston were active on Friday night. The Spurs reached agreements to re-sign restricted free agents Tre Jones and Julian Champagnie, while the Rockets made one of the biggest splashes of the summer so far by agreeing to a three-year, maximum-salary contract with Fred VanVleet. However, Jones and Champagnie have cap holds below their projected salaries, while Houston entered the offseason with approximately $64MM in room, so both teams still have plenty of flexibility.

Marks projects the Spurs at $29MM in remaining space, while Smith suggests they could actually still create up to $34MM+ if needed. Either way, they still have more spending power than any team in the NBA. Both Marks and Smith have the Rockets at approximately $25MM.

The Kings, Jazz, and Pacers are among the other clubs that still project to have more than $10MM in cap room remaining, though Sacramento’s and Indiana’s figures are hard to pin down because they’ll hinge on whether the teams complete their rumored trade involving Chris Duarte. The Kings also still have a path to remain an over-the-cap team if they want to, since none of their reported moves so far absolutely require cap space.

Here are a few other things to watch as the second day – and first full day – of the free agent period gets underway:

NBA 2023 Free Agency: Day 1 Recap

It was a very busy first day of NBA free agency on Friday. By our count, a total of 39 free agents have agreed to new deals since the negotiating period officially began at 5:00 pm CT, while two more players agreed to maximum-salary extensions.

There was some action on the trade market too, with one deal officially finalized on Friday and three more agreed upon.

Listed below are all the free agent agreements, contract extensions, trades, and other notable news items from the first day of free agency.


Free agent agreements

These deals aren’t yet official, so the reported terms could change — or agreements could fall through altogether. Generally speaking though, teams and players are on track to finalize these agreements sometime after the moratorium ends on July 6.

Note: Some of these salary figures may include options, incentives, or non-guaranteed money.

  1. Jerami Grant, Trail Blazers agree to five-year, $160MM contract.
  2. Fred VanVleet, Rockets agree to three-year, $128.5MM contract (maximum salary)
  3. Kyrie Irving, Mavericks agree to three-year, $126MM contract.
  4. Cameron Johnson, Nets agree to four-year, $108MM contract.
  5. Khris Middleton, Bucks agree to three-year, $102MM contract.
  6. Kyle Kuzma, Wizards agree to four-year, $102MM contract.
  7. Draymond Green, Warriors agree to four-year, $100MM contract.
  8. Jakob Poeltl, Raptors agree to four-year, $80MM contract.
  9. Herbert Jones, Pelicans agree to four-year, $53.8MM contract.
  10. Rui Hachimura, Lakers agree to three-year, $51MM contract.
  11. Bruce Brown, Pacers agree to two-year, $45MM contract.
  12. Coby White, Bulls agree to three-year, $33MM contract.
  13. Gabe Vincent, Lakers agree to three-year, $33MM contract.
  14. Caris LeVert, Cavaliers agree to two-year, $32MM contract.
  15. Georges Niang, Cavaliers agree to three-year, $26MM contract.
  16. Dennis Schröder, Raptors agree to two-year, $25.4MM contract.
  17. Joe Ingles, Magic agree to two-year, $22MM contract.
  18. Tre Jones, Spurs agree to two-year, $20MM contract.
  19. Jevon Carter, Bulls agree to three-year, $19MM contract.
  20. Trey Lyles, Kings agree to two-year, $16MM contract.
  21. Julian Champagnie, Spurs agree to four-year, $12MM contract.
  22. Reggie Jackson, Nuggets agree to two-year, $10.25MM contract.
  23. Shake Milton, Timberwolves agree to two-year, $10MM contract.
  24. Seth Curry, Mavericks agree to two-year, $9.3MM contract.
  25. Nickeil Alexander-Walker, Timberwolves agree to two-year, $9MM contract.
  26. Troy Brown, Timberwolves agree to two-year, $8MM contract.
  27. Kevin Love, Heat agree to two-year, $7.6MM contract.
  28. Taurean Prince, Lakers agree to one-year, $4.5MM contract.
  29. Keita Bates-Diop, Suns agree to two-year, minimum-salary contract.
  30. Oshae Brissett, Celtics agree to two-year, minimum-salary contract.
  31. Cam Reddish, Lakers agree to two-year, minimum-salary contract.
  32. Derrick Rose, Grizzlies agree to two-year, minimum-salary contract.
  33. Josh Richardson, Heat agree to two-year, minimum-salary contract.
  34. Drew Eubanks, Suns agree to two-year, minimum-salary contract.
  35. Chimezie Metu, Suns agree to one-year, minimum-salary contract.
  36. Yuta Watanabe, Suns agree to one-year, minimum-salary contract.
  37. Damion Lee, Suns agree to two-year contract.
  38. DeAndre Jordan, Nuggets agree to contract.
  39. Josh Okogie, Suns agree to contract.

Contract extensions

  1. Tyrese Haliburton, Pacers agree to five-year, maximum-salary rookie scale extension with Rose Rule language.
  2. Desmond Bane, Grizzlies agree to five-year, maximum-salary rookie scale extension.
  3. Kristaps Porzingis, Celtics expected to finalize two-year, $60MM extension.

Trades

  1. Nets agree to trade Joe Harris and two future second-round picks to Pistons in exchange for cash.
  2. Wizards agree to trade Monte Morris to Pistons in exchange for a 2027 second-round pick.
  3. Heat agree to trade Victor Oladipo and draft compensation to the Thunder for a return that’s TBD.
  4. Pistons trade draft rights to Balsa Koprivica to Clippers in exchange for cash.
  5. Pacers nearing agreement to trade Chris Duarte to Kings for draft compensation.

Other notable headlines

  1. Clippers are James Harden‘s preferred destination as trade talks with Sixers begin.
  2. Sixers not expected to pursue rookie scale extension with Tyrese Maxey.
  3. Gary Trent Jr., Raptors nearing multiyear extension.
  4. Jordan Clarkson, Jazz engaged in extension discussions.
  5. Magic guarantee 2023/24 salaries for Markelle Fultz, Gary Harris.
  6. Trail Blazers waive Trendon Watford.

The first seven players on our list of this year’s top 50 free agents came off the board on Friday night, but there are still plenty of recognizable names on the market, including D’Angelo Russell, Miles Bridges, P.J. Washington, Austin Reaves, Brook Lopez, Max Strus, and Dillon Brooks.

The full list of available free agents can be found right here.

Hoops Rumors’ 2023 NBA Free Agent Tracker

With free agency officially underway and news of contract agreements breaking left and right, Hoops Rumors is here to help you keep track of which players are heading to which teams this offseason. To this end, we present our Free Agent Tracker, a feature we’ve had each year since our inception in 2012. Using our tracker, you can quickly look up deals, sorting by team, position, free agent type, and a handful of other variables.

A few notes on the tracker:

  • Early in free agency, most of the information you’ll find in the tracker will reflect tentative agreements, rather than finalized deals. As signings become official, we’ll continue to update and modify the data as needed.
  • Similarly, contract years and dollars will be based on what’s been reported to date, so in many cases those amounts will be estimates or approximations rather than official figures. Salaries aren’t necessarily fully guaranteed either.
  • A restricted free agent who signs an offer sheet won’t be included in the tracker right away. We’ll wait to hear whether the player’s original team will match or pass on that offer sheet before we update our tracker in order to avoid any confusion.
  • If you’re viewing the tracker on our mobile site, be sure to turn your phone sideways to see more details.

Our 2023 Free Agent Tracker can be found anytime on the right sidebar of our desktop site under “Hoops Rumors Features,” and it’s also under the “Tools” menu atop the site. On our mobile site, it can be found in our menu under “Free Agent Lists.”

The tracker will be updated throughout the offseason, so be sure to check back for the latest info. If you have any corrections, please let us know right here.

Our lists of free agents by position/type and by team break down the players who have yet to reach contract agreements.

Pistons, Clippers Complete Minor Trade

The Pistons and Clippers have officially finalized a minor transaction, according to announcements from both teams (Twitter links). Detroit traded the draft rights to 2021 second-round pick Balsa Koprivica to Los Angeles in exchange for cash considerations.

The 57th overall pick in the 2021 draft, Koprivica has spent the last two seasons overseas with Partizan Belgrade in Serbia after playing his college ball at Florida State. The big man averaged 9.1 PPG and 5.6 RPG in 24 games (19.5 MPG) during his sophomore season with the Seminoles in 2020/21.

According to Omari Sankofa II of The Detroit Free Press (Twitter link), the Clippers sent $2.1MM to Detroit for Koprivica’s rights, which isn’t an insignificant sum.

Tony East of SI.com (Twitter link) theorizes that the Clippers decided to pay for the rights to a draft-and-stash player before the new league year began on July 1 because teams over the second tax apron won’t be permitted to trade cash in the new CBA, but will be able to trade players’ draft rights. In other words, they were turning an asset they won’t be able to use into one they can.

My understanding, however, is that the restrictions on trading cash won’t go into effect until after the 2023/24 regular season ends. So either the Clippers were preparing for those changes down the road or they just believe in the 23-year-old’s NBA potential.

Salary Cap, Tax Line Set For 2023/24 NBA Season

The NBA has officially set the salary cap for its 2023/24 season. As forecasted earlier this week, the cap increased by a full 10% on last season’s $123,655,000 figure.

Here are the details, largely courtesy of a league press release:

  • Salary cap: $136,021,000
  • Luxury tax line: $165,294,000
  • First tax apron: $172,346,000
  • Second tax apron: $182,794,000
  • Minimum salary floor: $122,418,000
  • Non-taxpayer mid-level exception: $12,405,000
  • Taxpayer mid-level exception: $5,000,000
  • Room exception: $7,723,000
  • Bi-annual exception: $4,516,000
  • Maximum salaries:
    • 6 years or fewer: $34,005,250
    • 7-9 years: $40,806,300
    • 10+ years: $47,607,350
  • Early Bird exception: $12,015,150
  • Estimated average salary: $11,958,000
  • Trade cash limit: $7,005,000

The first tax apron for the 2023/24 league year will be the hard cap for any team that acquires a player via sign-and-trade, signs a player using more than the taxpayer portion of the mid-level exception, signs a player using a bi-annual exception, or acquires more than 110% of the outgoing salary in a trade.

The second tax apron is the hard cap for a team that uses the taxpayer mid-level exception.

The salary floor is the minimum amount a team must pay its players in 2023/24. A team that doesn’t spend up to that amount by the start of the regular season will pay the shortfall to the NBA and will only be eligible for 50% of its full share of the luxury tax distribution at season’s end.

The Early Bird amount – which was confirmed to Hoops Rumors by Yossi Gozlan of HoopsHype – is the maximum amount a team can offer a player it intends to re-sign using his Early Bird rights. Pelicans forward Herbert Jones has already agreed to an Early Bird deal.

Players earning below the estimated average salary this season who are eligible for a veteran extension can receive a starting salary of up to 140% of the estimated average salary on a new deal. So the maximum starting salary for a player earning below the league average who signs an extension that begins in 2024/25 will be $16,741,200.

The trade cash limit is the maximum amount of money a team can send or receive during the 2023/24 league year. The sent and received categories are separate, so if a team sends out $7,005,000 in one trade and receives $7,005,000 in another, they aren’t back at square one — they’ve reached both limits.

We have separate stories breaking the full year-by-year figures for this year’s maximum salaries, minimum salaries, and mid-level and bi-annual exceptions.

Gabe Vincent Signs Three-Year Contract With Lakers

JULY 6: Vincent is officially a Laker, having formally signed his new contract, according to the team (Twitter link).


JUNE 30: Free agent point guard Gabe Vincent will leave the Heat for the Lakers, according to Shams Charania of The Athletic (Twitter link), who reports that Vincent has agreed to a three-year, $33MM contract with Los Angeles.

Miami, wary of increasing the team’s projected tax bill, had offered Vincent a three-year deal that started at $7.7MM, tweets Barry Jackson of The Miami Herald. The Lakers will give him an $11MM annual salary, presumably using a significant portion of their non-taxpayer mid-level exception.

The deal will be fully guaranteed with no player or team option on the third year, tweets Jake Fischer of Yahoo Sports.

Vincent, 27, began the 2022/23 season as rotation player off the Heat’s bench, but was elevated to the starting lineup in early February due to a Kyle Lowry injury. On the year, he averaged 9.4 PPG, 2.5 APG, and 2.1 RPG with a .402/.334/.872 shooting line in 68 regular season games (25.9 MPG).

Vincent held onto his starting job during the Heat’s run to the NBA Finals and played well in the postseason. Notably, he averaged 13.8 PPG and shot .438/.426/.909 in the Heat’s final two series vs. the Celtics and Nuggets, despite spraining his ankle vs. Boston.

Even after agreeing to sign Vincent, Los Angeles still has interest in bringing back point guard D’Angelo Russell, tweets Jovan Buha of The Athletic. However, Buha expects Vincent’s deal means that Dennis Schröder won’t be back with the team.

Vincent was the No. 23 free agent on our top-50 list.