- The Nuggets are still open to trading power forward Kenneth Faried, with the Thunder and Pelicans among the teams that have expressed interest, Sam Amico of Amico Hoops relays.
Over the next several days, we’ll be breaking down 2016 NBA free agent spending by division, examining which teams – and divisions – were the most active this July.
These divisional breakdowns won’t present a full picture of teams’ offseason spending. Some notable free agents, including LeBron James, remain unsigned, so there’s still money out there to be spent. Our lists also don’t include money spent on this year’s first- and second-round picks or draft-and-stash signings. There are a few free agent names missing in some instances as well, since those deals aren’t yet official or terms haven’t been reported.
Still, these closer looks at divisional spending should generally reveal how teams invested their money in free agency this summer, identifying which clubs went all-out and which ones played it safe.
With the help of our Free Agent Tracker and contract info from Basketball Insiders, we’ll focus today on the Northwest division. Let’s dive in…
1. Portland Trail Blazers
- Total money committed: $242,414,220
- Guaranteed money committed (including player options): $234,307,500
- Largest expenditure: Allen Crabbe (four years, $74,832,500)
- Other notable signings:
- Evan Turner (four years, $70,000,000)
- Meyers Leonard (four years, $41,000,000)
- Maurice Harkless (four years, $40,000,000)
- Festus Ezeli (two years, $15,133,000)
- Notes:
- Crabbe’s deal was an offer sheet extended by the Nets that was matched by the Trail Blazers. Crabbe, Leonard, and Harkless were all restricted free agents.
- Ezeli’s second-year salary of $7.733MM is currently guaranteed for just $1MM.
2. Minnesota Timberwolves
- Total money committed: $33,580,000
- Guaranteed money committed (including player options): $24,500,000
- Largest expenditure: Cole Aldrich (three years, $21,900,000)
- Other notable signings:
- Jordan Hill (two years, $8,180,000)
- Brandon Rush (one year, $3,500,000)
- Notes:
- Hill has a non-guaranteed $4.18MM salary in the second year of his contract, while $4.9MM of Aldrich’s total third-year salary is non-guaranteed.
3. Denver Nuggets
- Total money committed: $29,999,999
- Guaranteed money committed (including player options): $26,499,999
- Largest expenditure: Darrell Arthur (three years, $22,999,999)
- Other notable signings:
- Mike Miller (two years, $7,000,000)
- Notes:
- Miller’s deal is non-guaranteed in its second year, creating the $3.5MM gap between the Nuggets’ total money and guaranteed money committed in free agency.
4. Utah Jazz
- Total money committed: $21,505,000
- Guaranteed money committed (including player options): $21,505,000
- Largest expenditure: Joe Johnson (two years, $21,505,000)
- Other notable signings:
- None
- Notes:
- Rather than signing free agents, the Jazz focused on using their cap room to acquire players in trades, landing Boris Diaw and George Hill.
5. Oklahoma City Thunder
- Total money committed: $0
- Guaranteed money committed (including player options): $0
- Largest expenditure: None
- Other notable signings:
- None
- Notes:
- After losing Kevin Durant, the Thunder made one notable signing this summer, bringing over Alex Abrines on a three-year, $17MM+ deal. However, Abrines was a draft-and-stash player, not a free agent.
The Sixers, Nuggets, Nets, Thunder, and Lakers have the most cap room still available, as Eric Pincus of Basketball Insiders details. In addition to those five clubs, the Timberwolves, Suns, Jazz, Celtics, Pacers, and Bucks also have some wiggle room remaining. While some of those clubs could use that cap space to try to sign a free agent like J.R. Smith or Lance Stephenson, I’d expect many of those teams to stay well below the cap throughout the year. Remaining $10-15MM below the cap would allow a team to accommodate a mid-season salary dump, potentially picking up a draft pick or two in the process.
Here are a few more odds and ends from around the NBA:
- Larry Sanders, who has been working out and is considering an NBA comeback, may be willing to play for a minumum-salary contract, according to Steve Kyler of Basketball Insiders (via Twitter). It remains to be seen whether a team will take a flier on the former Bucks big man.
- Lang Greene of Basketball Insiders identifies a few players who will be under pressure to perform in 2016/17 due to big new free agent contracts or roles that changed as a result of other players’ deperatures.
- Former Louisville guard Russ Smith, who appeared in 15 games for the Grizzlies last season, has accepted a $1MM contract offer from Galatasaray, according to international basketball reporter David Pick (via Twitter). Mete Budak of Eurohoops pegs the former second-round pick’s salary at $850K, so the Turkish team may have included some bonuses in the deal.
- Jesse Blancarte of Basketball Insiders explains why he thinks the NBA’s restricted free agency system has problems, and puts forth some suggestions to potentially improve it. Donatas Motiejunas of the Rockets is the only RFA still on the market this summer.
Over a month has passed since the 2016 NBA draft, and most of the 60 players selected in June – including first overall pick Ben Simmons – have been signed by their NBA teams, or have lined up overseas deals. Still, there are several players whose immediate futures have not yet been determined.
As our list of draft pick signings shows, there are still five first-rounders who have yet to either sign a contract with their NBA team or to strike a deal with an international club. Of those players, four were top-11 picks, so it’s likely just a matter of time until they sign their rookie-scale contracts. Only 15th overall pick Juan Hernangomez is a question mark — a recent report suggested he’d probably join the Nuggets immediately, but it’s not set in stone yet.
In the second round, eight of 30 draftees have unresolved situations, and many of those outcomes are more difficult to predict. Celtics draftee Abdel Nader, for instance, could end up signing with Boston, being joining the team’s D-League affiliate, or heading overseas as a draft-and-stash prospect.
We’ll pass along updates on 2016’s draft picks as they become available. For now, here’s the full list of players whose situation for the 2016/17 has yet to be resolved:
First Round:
- Los Angeles Lakers: Brandon Ingram, SF (Duke)
- Boston Celtics: Jaylen Brown, SF (California)
- Milwaukee Bucks: Thon Maker, PF (HS)
- Oklahoma City Thunder: Domantas Sabonis, PF/C (Gonzaga)
- Denver Nuggets: Juan Hernangomez, F (Estudiantes)
Second Round:
- Milwaukee Bucks: Malcolm Brogdon, SG (Virginia)
- Utah Jazz: Joel Bolomboy, PF (Weber State)
- Cleveland Cavaliers: Kay Felder, PG (Oakland)
- Utah Jazz: Marcus Paige, PG (North Carolina)
- Oklahoma City Thunder: Daniel Hamilton, SG (UConn)
- Boston Celtics: Abdel Nader, F (Iowa State)
- Sacramento Kings: Isaiah Cousins, SG (Oklahoma)
- Utah Jazz: Tyrone Wallace, PG (California)
- Initially reported to be worth $5MM over two years, Mike Miller‘s two-year pact with the Nuggets is actually for $7MM, according to Pincus (via Twitter). However, the second year is fully non-guaranteed.
Center Sasha Kaun has retired after playing one season with the Cavaliers, according to Gary Bedore of KUSports.com. The 31-year-old Kaun played sparingly with Cleveland, appearing in 25 games. He was traded to the Sixers earlier this month, then waived. He played seven seasons with CSKA Moscow after completing his college career at Kansas. “I was very blessed and fortunate to play as long as I have,” he told the Journal-World from Colorado.
In other news around the league:
- Warriors reserve center Anderson Varejao has returned to the U.S. from Brazil to undergo tests on his back, according to Brazil’s Olympic website. The report, which was later posted by the San Jose Mercury News, puts Varejao’s Olympic participation in doubt and clouds his availability for training camp. Varejao just re-signed with the Warriors last week after playing spot minutes the second half of last season and during the playoffs.
- Noel Gillespie has been named head coach of the Greensboro Swarm, the Hornets’ new D-League affiliate, the team announced on its website. Gillespie spent the last three seasons as an assistant coach for the Nuggets. Before that, he was on the Suns’ staff for 10 seasons.
- The Mavericks probably overpaid to obtain Harrison Barnes as a restricted free agent, according to the Dallas Morning News’ Eddie Sefko. Dallas hopes that Barnes blossoms now that he’ll be a bigger part of its offense than he was with the Warriors, but he’s been a middle-of-the-road player and there’s no guarantee he’ll get much better, Sefko adds. Barnes was lured away with a four-year, $94MM offer sheet that Golden State couldn’t match.
- Yogi Ferrell’s minimum contract with the Nets has a $100K guarantee, Eric Pincus of Basketball Insiders tweets. The former Indiana University point guard agreed to a one-year deal with Brooklyn last week after going undrafted.
- Spanish forward Juan Hernangomez, who was selected 15th overall last month by the Nuggets, said prior to the draft that he’d love to come to the NBA immediately, and it seems he might get his wish. Nothing is official yet, but over at Sportando, Cauchi passes along a report from Gigantes del Basket indicating that Hernangomez is expected to sign with Denver. The Nuggets have reportedly reached agreements with their other first-round picks, Jamal Murray and Malik Beasley, but they’ve yet to formally confirm those signings — the team may be waiting for resolution with Hernangomez to make an official announcement.
JULY 21st: The deal is official, the team announced via press release.
JULY 18th: The Nuggets will re-sign Mike Miller to a two-year deal, Marc Stein of ESPN.com reports (Twitter link). Miller will receive more than $5MM over the length of the deal, according to Shams Charania of The Vertical (Twitter link).
Miller played sparingly for the Nuggets last season, seeing 7.9 minutes per game over 47 contests. He shot just 35.5% from behind the arc, down from his career mark of 40.7%.
The Nuggets entered the day with 17 players under contract, as the team’s depth chart at Roster Resource indicates. Juan Hernangomez and Petr Cornelie are included on that list, although both are expected to play overseas next season. Miller will likely make the team and play sparingly again, while serving as a veteran mentor for the franchise’s young talent.
Ty Lawson feels “overlooked” in free agency and tells Marc J. Spears of The Undefeated the team that signs him is going to get a significant bargain. Lawson says he never really felt comfortable with the Rockets or Pacers last season after being traded away from Denver during the summer. Lawson quickly lost his starting spot in Houston and averaged 5.8 points and 3.4 assists over 53 games. The Pacers picked him up after the Rockets waived him, and he saw just 18.1 minutes per night in 13 games with Indiana. Lawson, whose reputation has suffered after four DUI arrests and a stint in rehab, says he managed to stay clean last season and is ready to prove that he is still an elite player. “It would be big to be back to my old self again,” he said. “Also, it’s not for just me, it’s for my parents. They have had a hard time seeing what I’ve been going through. I know they hear the little comments at NBA games. To make them proud again would mean the world to me.”
There’s more from the Central Division:
- Pacers president of basketball operations Larry Bird has done almost a complete roster rebuild in three seasons, writes Gregg Doyel of The Indianapolis Star. Paul George is the only player left from the team that reached the Eastern Conference finals in back-to-back seasons. Bird’s latest move came when he signed ex-Bull Aaron Brooks to serve as a backup to recently acquired point guard Jeff Teague. In addition to the roster turnover, Bird made a coaching chance this summer, firing Frank Vogel and replacing him with Nate McMillan.
- Doug McDermott thinks Dwyane Wade is just what the Bulls needed to become a contender in the East again, relays Sam Smith of Bulls.com. McDermott, who is coming off a breakthrough second season in the NBA, is part of the select squad that is practicing this week with the U.S. Olympic team. He bristles at the suggestion that Chicago doesn’t have enough outside shooting with Wade expected to start next to Rajon Rondo and Jimmy Butler. “People have been questioning bringing in D. Wade and Rondo, saying they don’t fit [coach Fred Hoiberg‘s] style,” McDermott said. “But we have four or five guys coming off the bench who really do fit Fred’s style and we can gel with those other guys, the superstars. You know Fred will make it work; he’s a brilliant offensive mind and we’re figuring it out defensively as we go along.”
Traded player exceptions, which we’ve explained extensively in a Hoops Rumors glossary entry, are a tool that over-the-cap teams can use to complete trades. For mid-season deals, when most teams are at or over the salary cap, these exceptions are typically used and created frequently.
This summer, however, with the salary cap increasing by more than $24MM and most teams choosing to use cap room rather than staying over the cap, trade exceptions have become scarcer — and less useful. In order for teams to actually use their available cap room to take on salaries or to sign free agents, those exceptions must be renounced.
Heading into the 2016/17 league year, teams around the NBA held a total of 29 trade exceptions. After the new league year officially got underway and the moratorium ended, the majority of those TPEs were lost. In total, 22 of the 29 previously-existing traded player exceptions were renounced or expired.
Earlier this month, only the Clippers, Cavaliers, and Thunder still held any TPEs, with Cleveland hanging onto five of them, and L.A. and OKC holding one apiece. Over the last week or so, a few new trade exceptions have been created, but with so many teams still under the cap, the full list is much shorter than it has been in past years.
Here’s a breakdown of the newly-created TPEs:
Charlotte Hornets
Amount: $1,666,470
Expires: 7/12/17
How it was created: When the Grizzlies signed Troy Daniels away from the Hornets, they did so in a sign-and-trade deal, allowing Charlotte to create a TPE for half of Daniels’ $3,332,940 salary.
Cleveland Cavaliers
Amount: $1,333,420
Expires: 7/15/17
How it was created: The Cavaliers created this TPE worth Sasha Kaun‘s 2016/17 salary when they sent him to Philadelphia without receiving any NBA salary in return.
(Note: The Cavaliers also created a $4,803,750 trade exception by signing-and-trading Matthew Dellavedova to the Bucks, but immediately used that exception to acquire Mike Dunleavy.)
Los Angeles Clippers
Amount: $1,209,600
Expires: 7/15/17
How it was created: When the Clippers acquired Devyn Marble from the Magic for C.J. Wilcox, the team actually used its old $947,276 TPE (acquired in January’s Josh Smith trade) to absorb Marble’s salary, then created a new exception worth Wilcox’s salary.
The traded player exceptions listed above have been added to our full breakdown of the TPEs available around the league. That list no longer includes the $2,038,206 exception the Thunder created last summer when they sent Perry Jones III to the Celtics — that TPE expired on July 14.
Our full list of TPEs also no longer features the following exceptions, all of which were renounced earlier this month when these teams went under the cap (expiry date listed in parentheses):
- Atlanta Hawks: $947,276 (2/18/17)
- Brooklyn Nets: $2,170,465 (7/13/16)
- Chicago Bulls: $2,854,940 (2/18/17)
- Chicago Bulls: $947,276 (6/22/17)
- Denver Nuggets: $135,000 (2/18/17)
- Detroit Pistons: $6,270,000 (6/29/17)
- Golden State Warriors: $5,387,825 (7/27/16)
- Golden State Warriors: $3,197,170 (7/31/16)
- Memphis Grizzlies: $450,000 (2/18/17)
- Miami Heat: $1,706,250 (7/27/16)
- Miami Heat: $1,294,440 (7/27/16)
- Miami Heat: $2,129,535 (11/10/16)
- Miami Heat: $2,145,060 (2/16/17)
- Miami Heat: $845,059 (2/18/17)
- Miami Heat: $2,854,940 (2/18/17)
- Milwaukee Bucks: $5,200,000 (7/9/16)
- Milwaukee Bucks: $4,250,000 (7/9/16)
- Minnesota Timberwolves: $5,000,000 (7/12/16)
- New Orleans Pelicans: $102,217 (12/24/16)
- New York Knicks: $1,572,360 (6/22/17)
- Phoenix Suns: $578,651 (2/18/17)
Information from Basketball Insiders was used in the creation of this post.