Bucks, Khris Middleton Agree To Three-Year Deal
The Bucks and Khris Middleton are in agreement on a lucrative new deal, according to Adrian Wojnarowski of ESPN (Twitter link), who hears from Middleton’s agents Mike Lindeman and Jeff Schwartz that the star forward will sign a three-year, $102MM contract to remain in Milwaukee.
Middleton turned down a $40.4MM player option in order to secure a more significant overall financial commitment, though he’ll accept a lower salary in 2023/24. That reduction should help the Bucks’ luxury tax situation in the short term.
One of the NBA’s most underappreciated players for years, Middleton averaged at least 20 points in four of five seasons and made three All-Star teams from 2017-22. Unfortunately, his contract year was a forgettable one, with Middleton limited to 33 games due to injuries as his scoring rate (15.1 PPG) and shooting percentages (.436 FG%, .315 3PT%) dipped significantly.
The 31-year-old wing looked more like himself in five playoff games (23.8 PPG, 6.4 RPG, 6.2 APG, .465/.406/.867 shooting) and felt confident enough about his earning potential this summer to decline his player option. The bet paid off, with Middleton landing another nine-figure contract.
A former second-round pick (39th overall in 2012), Middleton was drafted by Detroit, spending his rookie year with the club. He was traded to Milwaukee in the summer of 2013 and has spent the past decade building the team’s culture and winning habits alongside two-time MVP Giannis Antetokounmpo, who was a rookie during Middleton’s first year with the Bucks.
Middleton was instrumental to the Bucks’ championship campaign in ’20/21, averaging 23.6 PPG, 7.6 RPG, 5.1 APG and 1.5 SPG in 23 playoff games (40.1 MPG). Both sides will be hoping he continues his playoff form over the next three seasons.
Rory Maher contributed to this story.
Cavaliers Sign Georges Niang To Three-Year Contract
JULY 6: Niang is officially a Cavalier, having formally signed his new contract with the team, per a press release.
JUNE 30: The Cavaliers and forward Georges Niang have agreed to a three-year contract worth $26MM, agents Mark Bartelstein and Andy Shiffman tell Adrian Wojnarowski of ESPN (Twitter link). The deal will be fully guaranteed, tweets Jake Fischer of Yahoo Sports.
Niang is one of the NBA’s best shooters, having made at least 40% of his three-point attempts in each of the last five seasons. While he’s not a great defender or rebounder, the 30-year-old will help space the floor for the Cavaliers, who had been in the market for frontcourt shooting.
Unless the Cavs work out a sign-and-trade agreement with Philadelphia, Niang’s former team, this signing will come out of Cleveland’s non-taxpayer mid-level exception and will hard-cap them at $172.3MM for the 2023/24 season.
As Bobby Marks of ESPN tweets, the Cavs – who also reached a contract agreement with Caris LeVert, are still projected to be about $13.5MM below the tax and $20.5MM below the first apron, so they have some flexibility to continue making moves. They’re still looking into the possibility of acquiring free agent swingman Max Strus via sign-and-trade, tweets Jake Fischer of Yahoo Sports.
Pacers Sign Bruce Brown To Two-Year Contract
JULY 6: Brown has officially signed with the Pacers, the team announced today (via Twitter).
JUNE 30: Fresh off a championship run with the Nuggets, Bruce Brown is leaving Denver for Indiana, per Alex Golden of Setting The Pace (Twitter link).
Brown is getting a significant pay raise from the Pacers, according to Adrian Wojnarowski and Malika Andrews of ESPN (Twitter link). He’ll sign a two-year contract worth $45MM, agents Ty Sullivan and Steven Heumann tell ESPN’s duo.
According to Dustin Dopirak of The Indianapolis Star (Twitter link), Brown’s new deal will include a second-year team option, so it sounds like only the first year will be guaranteed. Still, it’s a huge pay bump for Brown, who had only earned a total of $15MM across his first five NBA seasons.
Having signed with the Nuggets last summer following a two-year stint in Brooklyn, Brown averaged a career-best 11.5 points per night on .483/.358/.758 shooting in 80 games (28.5 MPG) this past season.
The 26-year-old also contributed 4.1 RPG and 3.4 APG while handling a variety of defensive assignments. In the postseason, he played the most minutes of any Denver reserve, bumping his scoring average to 12.0 PPG while shooting 51.1% from the floor.
Because Brown signed with the Nuggets just one year ago, the team only held his Non-Bird rights, which limited their maximum offer to about $7.8MM, a 20% raise on his previous $6.5MM salary. The club reportedly made that offer, but it didn’t come close to the deal the Pacers put on the table.
Brown was the No. 14 free agent on our top-50 list. His deal will come out of Indiana’s cap room. The team still projects to have nearly $15MM in space after accounting for Brown’s contract, tweets Yossi Gozlan of HoopsHype.
Lakers Sign Taurean Prince
JULY 6: The Lakers’ deal with Prince is now official, the team announced in a press release.
JUNE 30: The Lakers have agreed to sign free agent forward Taurean Prince, league sources tell Shams Charania of The Athletic (Twitter link). Prince cleared waivers today after being waived by the Timberwolves on Wednesday.
According to Adrian Wojnarowski of ESPN (Twitter link), Prince’s deal with the Lakers will be worth $4.5MM for one year.
Los Angeles intends to use its bi-annual exception to complete the signing, which would leave the full mid-level exception available, tweets Dave McMenamin of ESPN. Using the BAE will hard-cap the Lakers at the first tax apron ($172.3MM) in 2023/24.
Prince was a reliable rotation piece in Minnesota for the last two years. In 123 games since the start of the 2021/22 season, he has averaged 8.1 points, 2.5 rebounds, and 1.2 assists in 19.3 minutes per night, with a solid shooting line of .460/.378/.799.
However, the Wolves ultimately decided that Prince’s $7.46MM salary for 2023/24 was a higher price than they wanted to pay and waived him before that money became fully guaranteed.
Prince had been the No. 37 player on our list of this year’s top 50 free agents.
Cavaliers Re-Sign Caris LeVert To Two-Year Deal
JULY 6: LeVert’s new deal with the Cavaliers is now official, the team confirmed (via Twitter).
JUNE 30: The Cavaliers have reached an agreement to re-sign free agent swingman Caris LeVert, according to ESPN’s Adrian Wojnarowski (Twitter link). Agent Austin Brown tells Wojnarowski that it’ll be a two-year, $32MM deal.
Chris Fedor of Cleveland.com had reported in the days leading up to free agency that LeVert would be offered a contract in the range of $15-18MM annually, so the terms come as no surprise. At that price, Cleveland still has the flexibility to continue adding to to its roster while remaining below the luxury tax line.
When the Cavaliers first traded for LeVert in 2021, they envisioned him as a scorer and play-maker who would frequently have the ball in his hands. Following the emergence of Darius Garland and the acquisition of Donovan Mitchell, Cleveland asked him to play off the ball more in 2022/23, an adjustment which was reflected in his statistics — LeVert’s 18.7% usage rate was easily his lowest since his rookie year, and his 12.1 points per game were well below the 18.5 PPG he averaged across the three previous seasons.
However, LeVert adjusted to his new role without complaint and expanded his game. His .392 3PT% last season was a career high and he took on more challenging defensive assignments to alleviate the pressure on Garland and Mitchell.
LeVert’s new deal puts him on track to return to unrestricted free agency in 2025 at age 30.
Pre-FA Updates: Toppin, Cavs, Niang, Strus, Draymond, Warriors, More
With just minutes before free agency begins and a flurry of contract agreements are reported, we have a few items to pass along:
- The Pacers have emerged as the leading candidate to trade for Knicks forward Obi Toppin, league sources tell Marc Stein (Twitter link). Ian Begley of SNY.tv, who confirms that the two sides have recently been in contact about a potential Toppin deal, says New York is seeking draft compensation and notes that Indiana could potentially acquire the forward and his $6.8MM expiring contract using cap room, so the Knicks wouldn’t have to take a player back.
- A scenario in which the Cavaliers sign Georges Niang and acquire Max Strus – either via sign-and-trade or by signing him outright – is being viewed as “increasingly likely,” according to Stein (Twitter link).
- The latest whispers Stein from has heard from his sources suggest Draymond Green may get a four-year, $100MM deal to re-up with the Warriors (Twitter link).
- Former No. 2 overall pick Jabari Parker is back with the team that drafted him, at least for a few games in July. The Bucks announced today that Parker is on their Las Vegas Summer League roster.
- The Timberwolves have hired former NBA forward Corliss Williamson as an assistant coach, they announced today in a press release. Williams was previously a member of coaching staffs in Sacramento, Orlando, and Phoenix.
Eastern FA Rumors: Kuzma, Kyrie, Bridges, Crowder, Sixers
Free agent forward Kyle Kuzma is seeking a contract “well above the mid-level exception,” according to Jake Fischer of Yahoo Sports, but it’s unclear which cap-room team might give him that sort of offer, especially if the Rockets and Pacers use their space on other players.
As Fischer writes, the Jazz were viewed as a legitimate suitor for Kuzma, but that option is almost certainly off the table following Utah’s deal for John Collins. People around the league have begun to consider it increasingly likely that Kuzma could re-sign with the Wizards, according to Fischer. While the Wizards are in the process of reshaping their roster, they’ll have Kuzma’s Bird rights and could view him as a future tradable asset as long as they don’t overpay him.
Here are more free agent rumors from around the Eastern Conference:
- Following up on a report stating that Kyrie Irving had the Heat on his list of teams to meet with in free agency, Anthony Chiang of The Miami Herald (Twitter link) cites a source who says the Heat have no meeting scheduled with the star point guard. Irving will, however, meet with the Rockets, sources tell Kelly Iko of The Athletic (Twitter link).
- Interestingly, Fischer writes that the Hornets “don’t appear to have a straightforward path to re-sign” restricted free agent forward Miles Bridges. According to Fischer, Bridges and his representatives have broached the idea of Charlotte pulling its qualifying offer to make him unrestricted. Based on Fischer’s report, it sounds like Bridges’ camp may not feel confident about its leverage in talks with the Hornets entering the summer. The forward isn’t eligible to be signed-and-traded because he wasn’t on Charlotte’s roster last season.
- Although Jae Crowder is considered likely to re-sign with the Bucks, the veteran forward has also drawn interest from the Heat, league sources tell Fischer.
- While the Sixers may be fairly quiet at the start of free agency, it’s possible it won’t take the team long to come to an agreement with restricted free agent Paul Reed, according to Kyle Neubeck of PhillyVoice.com. The team’s odds of bringing back Georges Niang, Jalen McDaniels, or Shake Milton don’t appear as strong. A source tell Neubeck that Niang may get “a nice chunk of money” from a rival suitor on the first day of free agency. Milton is unlikely to return to Philadelphia, while McDaniels’ free agency could take some time to play out, Neubeck adds.
Western FA Rumors: D-Lo, Lakers, H. Jones, Suns, Warriors
There are “strong” indications that the Lakers are trending toward a new two-year deal with free agent point guard D’Angelo Russell, reports Jake Fischer of Yahoo Sports. According to Fischer, that two-year contract could be worth in the neighborhood of $40MM in total, though the second season may be a team option or non-guaranteed.
While the Lakers have interest in re-signing both Dennis Schröder and Lonnie Walker, it’s unclear which one the club is prioritizing, Fischer writes. Schröder will likely require a raise that exceeds the Non-Bird exception, so if Los Angeles uses its mid-level exception on an outside free agent, the team may have to allot its bi-annual exception to him, Fischer explains. In that scenario, it’s unclear whether the team would have enough room to re-sign Walker to a market-value deal as well while remaining below a hard cap.
Another potential path would see L.A. splits its mid-level between Schröder and a frontcourt player such as Mason Plumlee, sources tell Yahoo Sports. If Schröder doesn’t end up back with the Lakers, a reunion with Bulls coach Billy Donovan in Chicago is possible, Fischer writes. Donovan previously coached the point guard in Oklahoma City.
Finally, Fischer is one of a handful of reporters who have linked free agent forward Cam Reddish to Los Angeles. The Lakers were said to have some trade interest in Reddish – a Klutch Sports client – during each of the past two seasons. He’d be a minimum-salary target, Fischer notes.
Here are a few more free agency rumors from around the Western Conference:
- Two forwards who had their team options declined by the Pelicans on Thursday figure to take very different paths this summer. According to Fischer, Herbert Jones will likely end up back in New Orleans on a four-year deal worth a little more than $50MM, which would presumably be his Early Bird maximum. Willy Hernangomez, on the other hand, is considered a good bet to accept a lucrative offer from a EuroLeague team rather than seeking another minimum-salary NBA deal, Fischer reports.
- The Suns intend to bring back several of their own free agents, including Torrey Craig, Damion Lee, Jock Landale, and Josh Okogie, according to Fischer, who says agent big man Drew Eubanks is another strong candidate to end up in Phoenix. Fischer is also the latest reporter to link Yuta Watanabe and Mike James to the Suns.
- The Lakers and Warriors are among the teams eyeing free agent guard Shake Milton, per Fischer. Free agent forward Dario Saric has also received “strong” interest from Golden State, sources tell Yahoo Sports.
Magic Guarantee 2023/24 Salaries For Markelle Fultz, Gary Harris
The Magic have decided to retain point guard Markelle Fultz and veteran wing Gary Harris through their respective salary guarantee dates, reports Jason Beede of The Orlando Sentinel (subscription required).
Fultz’s $17MM salary for 2023/24 had only been partially guaranteed for $2MM, while Harris’ $13MM cap hit was non-guaranteed. The Magic had to waive the two players today to avoid fully guaranteeing their ’23/24 salaries, but have apparently opted not to do so.
The No. 1 overall pick in the 2017 draft, Fultz started all 60 games he played for the Magic in 2022/23 after being limited to just 26 total appearances across the two prior seasons due to an ACL tear. Fultz enjoyed his best NBA season this past year, establishing new career highs in points (14.0), assists (5.7), and rebounds (3.9) per game while also shooting a career-best 51.4% from the field, including 31.0% on threes.
Harris, meanwhile, appeared in 48 games for Orlando last season, starting 42 of them and averaging 24.7 minutes per night. The 28-year-old made a career-high 43.1% of his three-point attempts, providing some much-needed floor spacing for a Magic team that ranked 25th in the NBA in three-pointers.
With Fultz and Harris on the books for next season, Orlando’s cap flexibility will be reduced. However, according to Jake Fischer of Yahoo Sports, the Magic isn’t planning to be a major player on the free agent market anyway.
It sounds like the team will focus on lower-cost free agents rather than trying to make a significant splash. Fischer hears from sources that veteran forward Joe Ingles is one candidate to sign with the Magic on a contract worth more than the minimum.
2023 NBA Free Agency Primer
The NBA’s 2023 free agency period officially begins on Friday at 5:00 pm central time. At that point, we can expect news of contract agreements to start pouring in, continuing well into the night.
By our count, 38 free agents agreed to deals on day one of free agency in 2022, with seven more players reaching agreements on extensions — we’ll see if that number is matched or exceeded later today.
Here are a few links to prepare you for one of the most exciting days on the NBA calendar:
- Top 50 Free Agents Of 2023
Kyrie Irving, Fred VanVleet, Jerami Grant, and Khris Middleton lead the way on our list of the summer’s best available players. - 2023 Free Agents By Position/Type
2023 Free Agents By Team
Want the full breakdown of players available this summer? Take your pick from these two lists. - Key Offseason Dates/Deadlines
A breakdown of the important dates to watch beyond today. - Maximum Salary Projections For 2023/24
Minimum Salary Projections For 2023/24
Mid-Level, Bi-Annual Exception Projections For 2023/24
Our projections are based on a salary cap of $136,021,000. We should find out in a matter of hours what the exact cap for 2023/24 will look like. - Player Option Decisions For 2023/24
Team Option Decisions For 2023/24
The deadline for these decisions was on Thursday, so they’re all in now. - 2023 Qualifying Offer Recap
We have the full list of which players are becoming restricted free agents. - 2023 Offseason Trades
Eleven trades have been officially completed so far this offseason, with four more agreed upon and many more to come. - Outstanding Trade Exceptions
A number of teams have traded player exceptions available to take on salary without sending any salary back. - 2023 Offseason Preview Series
We took a closer look at all 30 teams’ cap situations and key offseason decisions. - Hoops Rumors Glossary
Notable Changes In New Collective Bargaining Agreement
Need a refresher on how sign-and-trades work, what it means to have “Early Bird rights” on a player, or how a team becomes hard-capped? We explain all in our glossary. Unfortunately, we haven’t had a chance yet to update all those glossary entries to account for the rule changes in the new CBA, but we have a separate breakdown of many of the most notable updates.