Since the July moratorium lifted on Friday, more and more official contract details are surfacing for completed deals. Eric Pincus of Basketball Insiders and Bleacher Report has been relaying many of those details on his Twitter feed as he updates his salary database at Basketball Insiders, so we’ll pass along several of his notes on 2018’s free agent and draft pick signings.
Via Pincus, here are some specifics on the deals completed within the last several days:
Free agent signings:
- Seth Curry‘s agreement with the Trail Blazers was originally reported as a two-year contract with a second-year player option, but it appears to just be a one-year, $2.795MM deal (Twitter link).
- The Pacers‘ deal with Tyreke Evans has a cap hit of $12.4MM, which includes $100K in likely incentives (Twitter link).
- Dante Exum can technically only earn the full $33MM on his three-year deal with the Jazz if he maxes out his incentives. The base value of the deal is $9.6MM per year, but it can drop to $9.1MM annually or increase to $11MM depending on his bonuses (Twitter link).
- Derrick Favors can earn up to $18.8MM per year in his deal with the Jazz, or as little as $16MM annually (Twitter link). The cap hit for now is $16.9MM per year, with a July 6 guarantee date for year two.
- Raul Neto‘s pact with the Jazz also includes modest incentives — he has an annual cap charge of $2.15MM, which can increase or decrease by $50K depending on his bonuses (Twitter link). Neto’s second year has a July 6 guarantee date.
- Isaiah Briscoe‘s agreement with the Magic is a three-year, minimum-salary contract with a $500K guarantee in year one (Twitter link). It uses part of Orlando’s mid-level exception.
Draft pick signings:
- The Suns signed No. 31 pick Elie Okobo to a deal that starts at $1.2MM, then is worth the minimum for the next three years (Twitter link). Two seasons are guaranteed, with a non-guaranteed third year and a fourth-year team option.
- Devonte’ Graham‘s three-year deal with the Hornets is worth approximately $4.07MM (Twitter link). The first two years are guaranteed for the 34th overall pick, who was signed using part of Charlotte’s mid-level exception.
- The Magic‘s three-year contract with No. 35 pick Melvin Frazier starts at $1.05MM and is guaranteed for two years, with a third-year team option (Twitter link). It also uses part of Orlando’s mid-level exception.
- Gary Trent Jr., the 37th overall pick in the draft, got a fully guaranteed three-year deal from the Trail Blazers (Twitter link). Although all three years are worth the minimum salary, Portland had to use part of its mid-level exception to go more than two years for Trent.
- The Lakers‘ deal with No. 39 pick Isaac Bonga starts at $1MM and includes two guaranteed seasons (Twitter link).