Bucks To Receive Cap Benefit From Lillard’s New Contract
The Bucks will receive a salary cap benefit as a result of Damian Lillard‘s new three-year contract with the Trail Blazers, according to Bobby Marks of ESPN and Sports Business Classroom (Twitter link).
Milwaukee waived Lillard earlier this month and used the stretch provision to spread the $112.6MM he was owed on his previous contract over the next five years, resulting in annual cap hits of about $22.5MM.
As Marks explains, since Lillard’s salary with Portland exceeds the one-year veteran’s minimum salary ($2,048,494) for each of the next two seasons, the Bucks will receive a set-off amount of approximately $11.65MM. The formula for determining the exact amount involves taking Lillard’s new salary with the Blazers, subtracting the one-year vet minimum, and dividing that amount in half.
The set-off, which will be applied after the 2025/26 regular season, will reduce Milwaukee’s annual dead-money cap hits from $22.5MM to $20.2MM through ’29/30.
While $2.3MM annual savings might not seem like much, every little bit of financial flexibility could be helpful for the Bucks as they try to retool around Giannis Antetokounmpo. The reduction of Lillard’s dead money may also help the team waive-and-stretch another contract down the road without exceeding the maximum allowable 15% of the cap.
Before word broke this evening of Lillard’s agreement with the Blazers, Marks predicted on ESPN’s NBA Today that the seven-time All-NBA guard would reunite with Portland (Twitter video link).
While the Bucks are benefiting a little financially as a result of Lillard signing a new contract, it’s worth noting that the same won’t be true of the Suns with Bradley Beal, since the right to set-off is typically forfeited as part of a buyout agreement — Milwaukee simply waived Lillard rather than buying him out.
Luke Adams contributed to this story.
Nuggets Notes: Valanciunas, Adelman, Rotation, Holmes, Wallace
While the Nuggets have made it clear they expect Jonas Valanciunas to honor his contract, which will pay him $10.4MM next season, they also recognize they will need to make a concerted effort to help the Lithuanian center feel “comfortable and content” with the idea of spending (at least) the next year with the team, according to Bennett Durando of The Denver Post.
Valanciunas was reportedly interested in signing a three-year deal with Greek club Panathinaikos this summer but he still has one guaranteed year left on his NBA contract. Denver went through with its trade for Valanciunas and intends to have him on the roster this fall, though it remains to be seen how the 33-year-old feels about that idea, since his public comments haven’t revealed much to this point, Durando notes.
Head coach David Adelman said during a Summer League broadcast that he viewed Valanciunas as a “point center” of sorts. In an interview with Durando, he clarified what he meant.
“He’s a bona fide, big-time center over the last decade who you can put in a bunch of different spots all over the floor,” Adelman told The Post. “And when I say ‘point center,’ I mean someone you can play through in the half-court. I don’t envision him getting a rebound and pushing the ball up. I do think some of the things we already do (work with him): playing five-out with back-side dribble hand-offs, playing off the elbows, posting him up against smaller lineups, his ability to make others better.
“It’s not the assist numbers that matter to me. It’s his ability to start ball movement through the impact of who he is. So he’s an enormous get. I’m super excited about getting him here, getting him acclimated.”
Here’s more on the Nuggets:
- From his comments, it seems clear that Adelman envisions Valanciunas having a significant role off the bench. But Adelman told Durando that free agent additions Bruce Brown and Tim Hardaway Jr. will have to earn whatever minutes they receive next season. “Those guys have to compete for spots. That’s new guys included. They all know that,” the coach said. “We’re very excited about some of the things those guys have done through their careers. We expect them to come to compete like they’ve done, and there’s a reason they’ve all played in rotations across the league. But this is going to be an open competition. I hope our young guys understand that. … And all those guys will complement Jonas. It’s gonna be the guys who earn these spots that get to play with him.”
- Second-year big man DaRon Holmes is back in action at Summer League a year after suffering a torn Achilles tendon, which sidelined him for his entire rookie season. Holmes recognizes it’s going to take him some time to adjust to playing five-on-five again, Durando writes in another story for The Denver Post. “I always see people that are like, ‘Hey, this guy didn’t play well! This guy didn’t!’ It’s Summer League,” Holmes said. “Not even just for me; for all the other athletes out here playing. A lot of the rooks. They’re getting used to it. So it just takes some time. It’s like when you’re first playing when you’re a freshman going into college. That’s how it feels.”
- Vinny Benedetto of The Denver Gazette details how Nuggets executive vice president of player personnel Jon Wallace made a habit of proving people wrong during his time at Georgetown. Wallace’s former college coach thinks he’s well suited for his new job. “Jon Wallace is a hoop head, who, oh, by the way, is also extremely intelligent, who, oh, by the way, is a connector and understands the dynamics of putting a unit together,” John Thompson III told Benedetto. “He’ll be able to take the owner’s vision and be able to execute that. I think he will do many aspects of the job at a very high level.”
Fischer’s Latest: Nets, Thomas, Giddey, Grimes
Rival NBA executives and agents alike are curious about what the Nets will do with their remaining cap room, writes Jake Fischer of The Stein Line (Substack link). While general manager Sean Marks has aggressively signed restricted free agents to offer sheets in previous offseasons, that has not been the case this summer, Fischer notes.
According to Fischer’s sources, Brooklyn has yet to “significantly engage” in contract discussions with its own RFA, Cam Thomas.
As Brian Lewis of The New York Post tweets, the Nets are still below the minimum salary floor and could create about $25MM in cap space if they waive a handful of players on non-guaranteed (or lightly guaranteed) contracts. While some fans are “fretting” about Thomas’ situation, Lewis hears from a source (Twitter link) that neither the Nets nor the 23-year-old guard are in a rush to reach an agreement.
Here’s more from Fischer on a few noteworthy restricted free agents:
- The agents of Bulls guard Josh Giddey “have not wavered” in their desire to secure their client a deal that would pay him $30MM per year. However, to this point, Chicago’s front office has presented offers “much closer” to $20MM in annual average value, sources tell Fischer.
- While the Sixers have expressed a desire to retain Quentin Grimes, a deal has yet be finalized. Still, there’s an expectation that will eventually happen, according to Fischer, who writes that the 25-year-old wing is likely to sign a contract covering at least three years.
- We highlighted in a separate story Fischer’s report that the Suns have expressed “exploratory interest” in Warriors forward Jonathan Kuminga but a sign-and-trade seems unlikely. John Gambadoro of Arizona Sports 98.7 confirms (via Twitter) that Phoenix is intrigued by Kuminga and says he isn’t entirely ruling out a deal coming together, but acknowledges the odds of it occurring are “in the low range.”
NBA Reportedly Concludes Kevin Porter Jr. Investigation
The NBA has concluded its investigation of Kevin Porter Jr.‘s domestic violence incident from September 2023, according to Law Murray of The Athletic, who reports (via Twitter) that the 25-year-old guard received a four-game suspension but won’t actually have to miss any games during the upcoming season.
As Murray tweets, Porter missed the entire 2023/24 season as a result of the incident, having been traded from Houston to Oklahoma City and subsequently cut by the Thunder in October 2023. Due to those circumstances and the information discovered in the league’s investigation, the four-game suspension will be considered already served, says Murray.
Porter was arrested in September 2023 following an altercation with his then-girlfriend, ex-WNBA player Kysre Gondrezick, and was originally charged with felony counts of assault and strangulation. He reached a plea deal in Manhattan in January 2024, agreeing to reckless assault in the third degree, a misdemeanor, as well as harassment in the second degree, which is considered a violation.
Several weeks after Porter’s arrest that September, Gondrezick disputed Manhattan prosecutors’ characterization of the incident that took place on September 11, telling Priscilla DeGregory and Emily Crane of The New York Post that Porter “never balled his fists up and hit me” and “definitely didn’t punch me in the face numerous times.”
A second-degree assault charge against Porter was dropped at that time after it was determined that Gondrezick’s vertebra fracture was a congenital defect and not caused by the former Rocket.
“It happened very fast, not to the degree of what was reported,” Gondrezick said of the altercation. “And it was an argument that occurred in the room for not even 10 seconds.”
The NBA put the Porter investigation on hold while he played in Greece during the ’23/24 campaign, but resumed it when he signed with the Clippers last July. Porter was traded to the Bucks in February and re-signed with Milwaukee on a two-year deal earlier this month.
And-Ones: Jokic, DiVincenzo, 2027 Draft, Sheehey
Superstar Nuggets center Nikola Jokic is expected to confirm that he’ll play for the Serbian national team at this summer’s EuroBasket tournament, according to Dorde Matic of Meridian Sport. In fact, the same group that led Serbia to a bronze medal at the 2024 Olympics in Paris is expected to be available when EuroBasket 2025 tips off in late August, Matic writes.
Jokic also won a silver medal with Serbia at the 2016 Olympics in Rio de Janeiro, notes Kevin Martorano of Sportando.
Here are a few more odds and ends from around the basketball world:
- Timberwolves guard Donte DiVincenzo, who spoke in April about his desire to suit up for Italy at EuroBasket 2025, has been granted Italian citizenship, clearing the way for him to play at the tournament, per BasketNews.com. The 28-year-old will formally be sworn in as an Italian citizen in Chicago after Italy’s president, Sergio Mattarella, approved the proposal to make DiVicenzo a citizen on Thursday, reports Alessandro Maggi of Sportando.
- While the top of the 2026 NBA draft class is viewed very favorably, executives are not enthusiastic about the prospects who could be selected in 2027, writes Jonathan Givony of ESPN. “This is one of the weakest high school classes I’ve seen in a long time,” one grizzled talent evaluator with extensive experience in the amateur youth space told ESPN. “There might not be a single All-Star in this group, and after the first few prospects, I’m not sure how many NBA starters I see either from the other five-star recruits. New players always emerge, but by now we usually have a pretty good idea of who the most elite prospects are, and it’s looking like slim pickings, even more so than the weak 2024 NBA draft, which at least had several high-end international prospects we could point to.”
- Will Sheehey, who has spent the past four years in various coaching-related roles with the Warriors, has officially signed a one-year deal with the Bakken Bears to become an assistant coach and head of the Danish club’s player development program, as Johnny Askounis of Eurohoops relays. Sheehey’s most recent title with Golden State was assistant director of player development and innovation, Askounis adds.
Grizzlies Sign Ty Jerome To Three-Year Deal
JULY 14: The signing is official, according to the team’s PR department (Twitter link).
JUNE 30: The Grizzlies will sign free agent guard Ty Jerome to a three-year contract worth $28MM, per Shams Charania of The Athletic (Twitter link). The deal will include a third-year player option, Charania adds.
It has been a busy Monday evening for the Grizzlies, who had already agreed to new deals with Jaren Jackson Jr., Santi Aldama, and Cam Spencer. Jerome’s contract will come out of the room exception, which can be worth up to about $27.7MM over three seasons.
Reports leading up to free agency stated that Memphis was the frontrunner to sign Jerome, who is coming off a career year with Cleveland in which he averaged 12.5 points, 3.4 assists, 2.5 rebounds and 1.1 steals in 70 games (19.9 minutes per contest). He also posted an elite shooting line of .516/.439/.872.
While Jerome was excellent in the Cavaliers’ first-round playoff series vs. Miami, he struggled mightily on both ends of the court in their second-round loss to Indiana. That may have limited his earnings potential to an extent.
Still, it’s surprising that Jerome will “only” make $27.7MM over the next three years, considering the Cavs agreed to give another backup guard — Sam Merrill — a four-year, $38MM deal. Merrill is a better defender, but Jerome was far more productive on offense last season.
Either way, Jerome will secure the first major payday of his career as he nears his 28th birthday (July 8).
Luka Garza Discusses Signing With Celtics
After playing a limited role for the Pistons and Timberwolves over the course of his first four NBA seasons, former Iowa star Luka Garza admitted he was motivated to sign with the Celtics because he’ll have an opportunity to earn more playing time, according to Brian Robb of MassLive.
“Obviously, the franchise speaks for itself and just the winning and the history,” Garza said. “I’m a big basketball junkie, so obviously the chance to put on that uniform and play for the Celtics is attractive enough. But obviously there’s a lot of opportunity, especially in the frontcourt and with the guys that we have. I think the front office and the coaches believe in me and what I can do, so I just saw that as really good for me at this stage in my career.”
The Celtics traded starting center Kristaps Porzingis to Atlanta and lost backup Luke Kornet to San Antonio in free agency, while Al Horford is considered unlikely to return next season. After being stuck behind Rudy Gobert and Naz Reid in Minnesota, Garza could carve out a significant role in the middle for Boston, which only has Neemias Queta and Xavier Tillman as fellow big men on standard deals.
“I feel like I learned so much from my time in Minnesota from being around those type of guys, but I think it was time to find that opportunity to get on the floor,” Garza said, per Robb. “I felt like in the limited opportunities I was able to get, I was able to show well and maximize those. But for me it was a priority for me to get somewhere where I could get more of those opportunities.”
While he hasn’t played many NBA minutes to this point in his career, Garza has dominated at the G League level and clearly the Celtics liked his game, otherwise they wouldn’t have given him a two-year deal that’s fully guaranteed.
Spurs’ Victor Wembanyama Cleared For Basketball Activities
Spurs star Victor Wembanyama has recovered from the blood clot in his right shoulder and has been medically cleared to resume basketball activities, he told Maxime Aubin of French outlet L’Équipe (Twitter link).
“I’m officially cleared to return,” Wembanyama said. “It just happened — I got the green light from the Spurs’ medical staff just a few hours ago (last Friday). Phew, I’ll finally be able to play a bit of basketball again!“
After earning Rookie of the Year honors and finishing as the runner-up for Defensive Player of the Year during his debut in 2023/24, Wembanyama had a superlative second season in ’24/25, making his first All-Star appearance and averaging 24.3 points, 11.0 rebounds, 3.7 assists, 1.1 steals and 3.8 blocks in 33.2 minutes per game.
However, shortly after the All-Star break, the 21-year-old center was diagnosed with a deep vein thrombosis in his shoulder, cutting his season short. Despite playing just 46 games, Wembanyama still led the NBA in total blocked shots (176) by a wide margin — Brook Lopez was second with 148.
Both Wembanyama and the Spurs organization have expressed optimism that 2023’s No. 1 overall pick would be fully recovered from the blood clot ahead of the 2025/26 season, which has now come to fruition.
The 7’4″ big man seemed doubtful in April about his odds of suiting up for France at this summer’s EuroBasket, which begins in late August. It seems unlikely that today’s update will have changed those plans, though we may have to wait for official confirmation.
Terry Taylor Signs With Chinese Team
Free agent forward Terry Taylor has officially signed a contract with the Ningbo Rockets of the Chinese Basketball Association, according to his agency (Instagram link).
CSE’s announcement says Taylor’s deal covers the 2025/26 campaign, which suggests he signed a one-year contract.
After going undrafted out of Austin Peay in 2021, Taylor spent his first three NBA seasons bouncing between two-way and standard contracts with the Pacers and Bulls, respectively.
The 25-year-old played in the NBA G League with the Stockton Kings during the 2024/25 season, though he did make three brief NBA appearances with Sacramento after signing a 10-day deal in March.
Taylor helped Stockton win its first NBAGL title last season, recording 22 points, 12 rebounds and three assists in the series finale. In 31 regular season games (34.8 minutes per contest) for the Kings’ G League affiliate, he averaged 17.9 points, 8.6 rebounds, 3.4 assists and 1.2 blocks on .462/.390/.727 shooting.
In 98 career regular season games at the NBA level, the 6’4″ forward has averaged 4.6 PPG and 2.6 RPG in 12.0 MPG. Since he holds four years of experience, Taylor is no longer eligible for a two-way contract.
Ningbo is coming off a disappointing CBA season in which it finished just 10-36, which was the fourth-worst record in the league.
New York Notes: Porter, Sharpe, McCullar, Knicks
While Michael Porter Jr. is grateful for the time he spent with the Nuggets, including winning a championship in 2023, he says he’s ready for a “new chapter” after being traded to the Nets, writes Brian Lewis of The New York Post.
“I always said New York was my least favorite NBA city,” Porter laughed. “Just because I grew up in the Midwest, where there’s so much space and no traffic. So it’ll be an adjustment. But I think it’ll end up being an amazing place for me.”
The 27-year-old was frequently the third offensive option for Denver, but he’ll have an opportunity to expand his game with the rebuilding Nets. Porter recognizes there could be rough patches as he works to develop his skills, Lewis notes.
“It’s gonna be like exploring the game and working on the things in practice. Part of being a successful NBA player is when you’re working on things during the season, you should work on the shots and things you’re gonna get in the game,” Porter said. “I feel like now my daily preparation and my daily work will be a little bit different, and hopefully, that translates over to the game.
“It’ll probably be some more self-creation, iso situations. [Head coach] Jordi [Fernandez] has already talked to me about creative ways to get me in comfortable spots on the floor. So it will be a dialogue. I’m excited to see where it goes. And it’s definitely gonna be an adaptation. I won’t be the same player [on opening night] as I will be Game 20 as I adjust to that heavier load and that heavier role.”
Here a few more notes on the NBA’s two New York-based teams:
- Day’Ron Sharpe‘s new two-year deal with the Nets is not yet official, but that’s merely a technicality as Brooklyn looks to maximize its cap space. The 23-year-old center said he’s glad to be back with the team that selected him 29th overall in the 2021 draft, Lewis adds in another story. “I just feel that was the best option for me, and that’s where Brooklyn was at,” Sharpe said. “I just decided what I decided.”
- 2024/25 was essentially a lost season for Knicks wing Kevin McCullar Jr., per Stefan Bondy of The New York Post. The 24-year-old missed last year’s Summer League and several months of his rookie campaign due to a knee injury after being drafted with the 56th pick in 2024. “This is really my real rookie season,” McCullar said Sunday after pouring in 30 points in a 94-81 Summer League loss to Boston. “Last year I just got to be able to get my feet wet a little bit. … I love playing and I missed it for so long. Now it’s pretty much my rookie season.” McCullar is one of a handful of young players vying for a roster spot in the fall — he’s technically a restricted free agent after he was tendered a two-way qualifying offer, which is equivalent to a one-year two-way contract.
- The Knicks‘ decision to fire head coach Tom Thibodeau and replace him with Mike Brown has opened Leon Rose and the rest of the front office to “new degrees of accountability,” Bondy contends in a subscriber-only story. The move will be heavily scrutinized if the Knicks fall flat with Brown at the helm, particularly since there wasn’t much public desire to part with Thibodeau after he led the team to the conference finals, Bondy writes.