NBA 2024 Offseason Check-In: Washington Wizards
Hoops Rumors is checking in on the 2024 offseason for all 30 NBA teams, recapping the summer’s free agent signings, trades, draft picks, departures, and more. We’ll take a look at each team’s offseason moves and consider what might still be coming before the regular season begins. Today, we’re focusing on the Washington Wizards.
Free agent signings
Jonas Valanciunas: Three years, $30,295,000. Third year non-guaranteed. Signed using Bird rights and acquired via sign-and-trade from Pelicans.- Saddiq Bey: Three years, $19,000,000. Includes an additional $1MM in unlikely incentives. Signed using non-taxpayer mid-level exception.
- Anthony Gill: Two years, minimum salary ($4,784,366). Second year non-guaranteed. Re-signed using minimum salary exception.
- Leaky Black: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
- Kira Lewis: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
- Jaylen Nowell: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
Trades
- Acquired the draft rights to Kyshawn George (No. 24 pick) from the Knicks in exchange for the draft rights to Dillon Jones (No. 26 pick) and the No. 51 pick in the 2024 draft.
- Acquired Malcolm Brogdon; the draft rights to Carlton Carrington (No. 14 pick); either the Trail Blazers’, Celtics’, or Bucks’ 2029 first-round pick (whichever is second-most favorable); the Warriors’ 2028 second-round pick; and the Trail Blazers’ 2030 second-round pick from the Trail Blazers in exchange for Deni Avdija.
- Acquired Jonas Valanciunas (sign-and-trade) from the Pelicans in exchange for the Bulls’ 2027 second-round pick (top-50 protected).
Draft picks
- 1-2: Alex Sarr
- Signed to rookie scale contract (four years, $51,036,398).
- 1-14: Carlton Carrington
- Signed to rookie scale contract (four years, $21,290,769).
- 1-24: Kyshawn George
- Signed to rookie scale contract (four years, $14,336,172).
Two-way signings
Departed/unsigned free agents
- Jules Bernard (Cavaliers)
- Tyus Jones (Suns)
Other moves
- Signed Richaun Holmes to a two-year, $25,929,058 veteran extension that begins in 2024/25. Second year partially guaranteed ($250K).
- Waived Landry Shamet.
- Waived Eugene Omoruyi.
Salary cap situation
- Operating over the cap ($140.6MM) and below the luxury tax line ($170.8MM).
- Carrying approximately $161.1MM in salary.
- Hard-capped at $178,132,000.
- Approximately $6.4MM of non-taxpayer mid-level exception available; full bi-annual exception ($4.7MM) available.
- Two traded player exceptions available (largest worth $12,402,000).
The offseason so far
When a new front office takes over an NBA team’s basketball operations department, that new group often has little attachment to the club’s incumbent players and looks to gradually fill the roster with its own guys. That’s especially true when the team is in rebuilding mode.
So while I didn’t necessarily expect the Wizards to move Deni Avdija this offseason, it wasn’t a huge surprise that top decision-makers Michael Winger and Will Dawkins decided to capitalize on Avdija’s career year in 2023/24 by cashing in on a player drafted by the previous regime whose value was at an all-time high.
We knew, based on reporting in the spring, that the Wizards, armed with the second and 26th overall selections in June’s draft, were looking to continue stockpiling picks — and specifically to add a third first-rounder for 2024. The Avdija deal helped them do just that. By sending the ascendant forward to Portland and taking on Malcolm Brogdon‘s $22.5MM expiring contract to help the Blazers get out of tax territory, Washington added two future second-round selections and a pair of first-rounders, including this year’s No. 14 overall pick.
It was a savvy trade by the Wizards, who may be able to flip Brogdon later this season for something of value. The veteran guard wasn’t a fit in a crowded Portland backcourt on a team with financial concerns, but he’s a career 39.1% three-point shooter who is just two years removed from winning a Sixth Man of the Year award. If he’s healthy, Brogdon should appeal to teams looking for backcourt help at this year’s trade deadline.
Using the No. 14 pick from that deal, the Wizards selected Pittsburgh guard Carlton Carrington, who flashed intriguing potential at the Las Vegas Summer League, averaging 15.8 points, 7.4 rebounds, and 5.2 assists in his five outings. Carrington joins No. 2 overall pick Alex Sarr and No. 24 selection Kyshawn George (the Wizards gave up their No. 51 pick to move up two spots from No. 26 for George) to make up Washington’s 2024/25 rookie class.
Sarr was considered by several experts to be the top prospect in this year’s draft, and while he didn’t exactly light it up in Vegas like Carrington did (Sarr made just 9-of-47 shots from the field, or 19.1%), the rangy 19-year-old center has the potential to be a long-term defensive anchor in D.C.
At age 20, George is actually the oldest of the Wizards’ three first-rounders, but like Carrington, he was a one-and-done college player who is still very early in his developmental process. The 6’7″ swingman showed off an effective outside shot (.408 3PT%) during his freshman year at Miami and could become a solid shooter and play-maker on the wing, though he’s unlikely to make a significant impact as a rookie.
Having added three youngsters as potential long-term building blocks, the Wizards spent the rest of their offseason focused on filling out their roster with veteran contributors who could make life a little easier for those prospects.
Most notably, the team worked out a sign-and-trade deal with New Orleans to add veteran center Jonas Valanciunas on a three-year contract worth about $10MM annually. Having a steady vet like Valanciunas at the five will allow Washington to take things slow with Sarr. I wouldn’t expect Valanciunas to be part of the Wizards’ next playoff team, but he’s a perfectly fine stopgap starter, and his contract is team-friendly enough to make him a potential trade chip — LeBron James and the Lakers were said to have interest in him this summer, so that could be something worth revisiting down the road.
The Wizards further fortified their frontcourt by bringing back Richaun Holmes on a two-year, $25.9MM extension. It may look like an odd move on the surface for a player who hasn’t logged significant minutes over the past two seasons, but Holmes’ new deal (which begins in 2024/25) replaces a $12.88MM player option and is almost entirely non-guaranteed in year two.
In other words, the Wizards are essentially paying Holmes the same total salary they would have if he’d simply picked up that option, but now he has a slightly lower year-one cap hit and what amounts to a team option for 2025/26. I wouldn’t expect that ’25/26 salary to become guaranteed, but if he recaptures his 2019-21 form, you never know. At the very least, it gives Washington more flexibility with the big man going forward.
The Wizards’ other unorthodox summer signing was to bring in former Pistons and Hawks forward Saddiq Bey on a three-year contract worth $19MM (plus another $1MM in incentives). Bey will likely miss most or all of the 2024/25 season while recovering from an ACL tear, which is perfectly fine with a Washington team not interested in pushing for a playoff spot right away.
Assuming Bey is back to 100% for the start of the ’25/26 campaign, he could be a bargain on the wing in the final two years of his contract — while he had a down year before the injury last season, the former first-rounder showed off a promising three-and-D skill set early in his career.
Up next
The Wizards are carrying 15 players on fully guaranteed contracts, but have some others on non-guaranteed deals who could make cases for roster spots in training camp and during the preseason. Jared Butler, who spent last season on the roster, is in that mix, as are Exhibit 10 camp invitees Kira Lewis, Jaylen Nowell, and Leaky Black.
While Exhibit 10 signees are often simply ticketed for the G League, Lewis and Nowell have several years of NBA experience under their belts and are no longer eligible for two-way deals, so I could see them getting consideration for a 15-man spot.
Patrick Baldwin, a former first-round pick who has played limited minutes across 69 total appearances in his two NBA seasons, could be the odd man out if one of the 15 players on guaranteed deals doesn’t make the team. Another 2022 first-rounder, Johnny Davis, also has an underwhelming NBA résumé so far, though he at least played well in Vegas in July, whereas Baldwin’s Summer League performance was inconsistent.
The Wizards do have a two-way slot available as well — Black is the only camp invitee who could be directly converted to fill it, but the team could look outside of the organization. Butler would also be eligible, though he’d have to be waived and re-signed.
Corey Kispert isn’t the only Wizard who is extension-eligible this fall, but he’s probably the only legitimate candidate for a new deal. He and the team have until October 21 to attempt to work out a rookie scale extension.
Kispert has steadily improved over the course of his three NBA seasons, having made 40.2% of his three-point attempts over the past two years. He’s the sort of player who would fit nicely on a lot of teams and who could generate real interest if he reaches free agency in 2025, so it would be in the Wizards’ best interest to lock him up now if they can get him at a reasonable price.
It’s worth noting that Kispert is another player who was drafted by the previous front office, which may reduce the odds of the two sides reaching a deal in the coming weeks. But like Avdija, who signed a rookie scale extension last fall, Kispert would be a valuable trade chip down the road if he’s on a favorable long-term contract and the Wizards ultimately decide he’s not in their plans.
NBA 2024 Offseason Check-In: San Antonio Spurs
Hoops Rumors is checking in on the 2024 offseason for all 30 NBA teams, recapping the summer’s free agent signings, trades, draft picks, departures, and more. We’ll take a look at each team’s offseason moves and consider what might still be coming before the regular season begins. Today, we’re focusing on the San Antonio Spurs.
Free agent signings
Chris Paul: One year, $10,460,000. Includes an additional $1,568,999 in unlikely incentives. Signed using cap room.- Charles Bassey: One year, minimum salary. Re-signed using minimum salary exception. Waived right to veto trade.
- Sandro Mamukelashvili: One year, minimum salary. Re-signed using minimum salary exception. Waived right to veto trade.
- Brandon Boston Jr.: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
- Malachi Flynn: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
- Nathan Mensah: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
- Riley Minix: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
- Jameer Nelson Jr.: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
- Note: Nelson was subsequently waived.
Trades
- Acquired the Timberwolves’ 2031 first-round pick and the right to swap 2030 first-round picks with the Timberwolves (top-one protected) in exchange for the draft rights to Rob Dillingham (No. 8 pick).
- Acquired the draft rights to Juan Nunez (No. 36 pick) and cash in exchange for the draft rights to Johnny Furphy (No. 35 pick).
- Acquired cash from the Hornets in exchange for Devonte’ Graham and the Pelicans’ 2025 second-round pick.
- Acquired Harrison Barnes and the right to swap 2031 first-round picks with the Kings in a three-team trade in exchange for RaiQuan Gray (two-way; to Bulls).
Draft picks
- 1-4: Stephon Castle
- Signed to rookie scale contract (four years, $41,351,699).
- 2-36: Juan Nunez
- Signed with Barcelona in Spain.
- 2-48: Harrison Ingram
- Signed to two-way contract.
Two-way signings
Departed/unsigned free agents
- Dominick Barlow (Hawks)
- Cedi Osman (Panathinaikos)
Other moves
- Waived Jamaree Bouyea (two-way).
Salary cap situation
- Went below the cap to use room.
- Now operating over the cap ($140.6MM) and below the luxury tax line ($170.8MM).
- Carrying approximately $145MM in salary.
- No hard cap.
- Full room exception ($8MM) available.
The offseason so far
After earning All-NBA votes and finishing as the runner-up for the Defensive Player of the Year award as a 20-year-old rookie, Victor Wembanyama is on a trajectory to become one of the league’s very best players sooner rather than later. However, the Spurs made it clear with their offseason moves that they won’t rush the process of building a contending team around him.
Rather than going all-in on win-now pieces or taking an extreme long-term view by surrounding Wembanyama with several more young prospects, San Antonio split the difference. The team entered June’s draft armed with a pair of picks in the top eight, but only kept the first of the two, using it to select guard Stephon Castle fourth overall and then sending the No. 8 pick to Minnesota in exchange for two far-off draft assets — an unprotected 2031 first-round pick and a top-one protected pick swap in 2030.
It’s a risky move, given the wide range of outcomes for those two assets. It’s entirely possible that the ’31 pick ends up in the 20s and the ’30 swap doesn’t get used at all.
But the logic behind the move makes sense. The 2024 draft class wasn’t particularly loaded, so that No. 8 pick was unlikely to produce a star; the Wolves – given their cap situation – are a team whose long-term sustainability is worth betting against; and the Spurs don’t necessarily need to bet on those picks to land in the top halves of the 2030 and 2031 drafts, since they could use them as trade chips well before that in order to add players who will complement Wembanyama as he enters his prime.
Adding two rookies to a young roster also might not have the been the best approach for optimizing Wembanyama’s development, which was certainly a consideration for the Spurs this offseason. That’s a key reason why the team used essentially all of its available cap room to bring in a pair of veterans: Chris Paul and Harrison Barnes.
Paul, who was waived by the Warriors so they could avoid guaranteeing his $30MM salary for 2024/25, ended up signing with San Antonio for about a third of that amount. The future Hall of Famer could have chosen to join one of any number of teams closer to title contention, but the opportunity to play for head coach Gregg Popovich and alongside a young phenom like Wembanyama made the Spurs an appealing option.
Wembanyama spent much of his rookie year playing next to “point guards” like Jeremy Sochan and Malaki Branham before veteran Tre Jones was eventually reinserted into the starting lineup. Sochan and Branham are promising young players, but they’re not point guards, as last year’s experimentation confirmed. Wembanyama was most effective offensively with Jones on the court, and should benefit tremendously from having either Jones or Paul running the offense in his second year.
Barnes won’t necessarily have the same sort of direct impact on Wembanyama’s on-court production, but the forward is a solid defender who should help make the big man’s life a little easier on that end of the floor. Wembanyama should also reap the benefits of Barnes’ and Paul’s knowledge and experience — the two veterans have a combined 31 NBA seasons and three Olympic gold medals under their belts, and Barnes has won a championship.
Outside of bringing back reserve free agent centers Charles Bassey and Sandro Mamukelashvili, the Spurs didn’t make any other moves of note this summer, but they’re well stocked with future draft picks that will put them in position to continue adding talent to this core, either by drafting players or using those picks as trade pieces.
Up next
With 15 players on standard guaranteed contracts and no players eligible for contract extensions, the Spurs are unlikely to have a particularly active October.
They’re only carrying a pair of players on two-way deals right now, so they have a decision to make on who will fill the third slot. Brandon Boston, Nathan Mensah, and Riley Minix are on the roster on Exhibit 10 contracts and could be candidates to have those deals converted to two-ways. Boston is probably the best candidate of the bunch if San Antonio wants a player capable of competing for minutes — he has appeared in 105 regular season games over the past three seasons for the Clippers.
The Spurs could also look outside the organization to fill that slot, either with a current free agent or with a player on another team’s roster who gets waived before the season begins.
It’s also worth noting that the Spurs are one of the few teams with a ton of flexibility below the luxury tax line, so they’re a good candidate to help accommodate a trade between two cap-strapped clubs, like the Hornets are doing in the Karl-Anthony Towns blockbuster.
Towns Trade Will Limit Knicks’ Flexibility Under Hard Cap
Exactly one year after the Bucks, Trail Blazers, and Suns completed a blockbuster trade involving Damian Lillard, Jrue Holiday, and Deandre Ayton, the Knicks and Timberwolves – with the help of the Hornets – were on the verge of finalizing a blockbuster of their own on Friday.
According to reports, Karl-Anthony Towns is headed to New York in exchange for a package that includes Julius Randle, Donte DiVincenzo, Keita Bates-Diop, and a protected first-round pick.
Our full story includes more details and analysis on the pending trade, but I want to focus here on what the deal will mean for the Knicks from a cap perspective in 2024/25.
Remember, the Knicks are already operating above the first tax apron and hard-capped themselves at the second apron in July by aggregating salaries in order to acquire Mikal Bridges from Brooklyn. A team that aggregates salaries in a trade isn’t permitted to surpass the second apron line of $188,931,000 for the rest of the 2024/25 league year.
Meanwhile, a club operating over the first apron can’t take back more salary than it sends out in a trade, which means the Knicks need to get to at least $49,205,800 in outgoing salary — that’s Towns’ cap hit for ’24/25.
So far, we know New York is sending Randle ($28,939,680), DiVincenzo ($11,445,000), and Bates-Diop ($2,654,644) to Minnesota. That works out to $43,039,324, meaning the Knicks need to add another $6,166,476 to the deal.
They’ll get about halfway there by signing-and-trading DaQuan Jeffries to Charlotte. His new contract will reportedly start in the neighborhood of $3MM, leaving the Knicks with another $3MM-ish to send out for matching purposes.
Bobby Marks of ESPN reported on Friday night (via Twitter) that Miles McBride isn’t being included in the Knicks’ package. The club also can’t add any more minimum-salary players to its package due to a rule that prevents teams from aggregating multiple minimum-salary contracts in bigger deals during the offseason. And it seems relatively safe to assume that key rotation players like Josh Hart and Mitchell Robinson aren’t being included or else that would have been reported already.
That leaves two options for the Knicks. They can get to the necessary salary-matching threshold by also sending out rookies Tyler Kolek ($2.09MM) and Pacome Dadiet ($1.81MM). But the preferred solution would be to sign-and-trade another player to the Hornets or another team, giving that player a salary in the $3MM range.
The Knicks still have cap holds on their books for Charlie Brown and Duane Washington, who both finished last season on two-way contracts with the team. Washington is playing for KK Partizan in Serbia, so Brown is the more logical sign-and-trade candidate.
Using his Non-Bird rights, the Knicks could give Brown a starting salary worth up to $2,685,229, which means Jeffries’ starting salary would need to be $3,481,247 in order for the club to reach the required outgoing salary total. In theory, that’s doable, since New York holds Jeffries’ Early Bird rights. However, base year compensation rules would apply to Jeffries in that scenario, meaning his full salary wouldn’t count for matching purposes.
In order to reach the matching threshold using Jeffries and Brown, the Knicks would have to bump Jeffries’ first-year salary all the way up to $6,962,494 — under BYC rules, his outgoing salary would count for 50% of that amount ($3,481,247).
But since Jeffries’ first-year salary was reported to be in the $3MM range, the plan may be to sign-and-trade him at that lower figure ($2,910,484 would work without triggering BYC rules) and add one more player to the package. Maybe it’ll be Kolek or Dadiet, or maybe the Knicks will figure out a way to extract Washington from his contract with Partizan in order to sign-and-trade him too. We’ll see.
The Hornets, meanwhile, are in position to take on Jeffries – and maybe Brown as well – without sending back any salary using their $8MM room exception. They would be the first team to take advantage of the new rules allowing teams to use certain exceptions (the non-taxpayer mid-level, the room, and the bi-annual) to acquire salary in a trade.
If we assume the trade is completed using Randle, DiVincenzo, Bates-Diop, and signed-and-traded players, the Knicks would be left with $185,351,521 in total salary for just 12 players. Their hard cap for the season is $188,931,000. That leaves just $3,579,479 in wiggle room, which is a bit of an issue.
The cap hit for any veteran free agent signing, including camp invitees like Marcus Morris, Landry Shamet, and Chuma Okeke, is $2,087,519. Rookies or players with just one year of experience can have smaller minimum-salary cap hits, but they still count for tax and apron purposes as $2,087,519 players. That “tax variance” rule is meant to prevent teams from passing over veteran free agents in favor of younger ones solely for financial reasons.
Carrying two minimum-salary free agents into the regular season would cost over $4MM for apron purposes, pushing the Knicks above their hard cap. So that won’t be possible unless the team makes another salary-shedding trade that would cost them a rotation player. There’s no indication that’s the plan.
The Knicks could start the season with just 13 players on standard contracts, but they’d only be allowed to do that for up to two weeks before being required to add a 14th man.
So what are their options for that 14th roster spot? Again, assuming they don’t make another cost-cutting trade, the only real possibility for the Knicks would be to sign or convert a former second-round pick to a standard contract. Since the tax variance rule only applies to free agents, a Knicks second-round pick who signs a minimum-salary deal would count as $1,157,153 for cap, tax, and apron purposes.
New York holds the draft rights to a ton of non-NBA players, but the most viable NBA options on that list, including Mathias Lessort and Rokas Jokubaitis, are already under contract with teams in other professional leagues.
That means the more likely path for the Knicks, as Bobby Marks of ESPN tweets, is to convert one of their current two-way players to a standard contract. Kevin McCullar and Ariel Hukporti both signed their two-way deals after being drafted by New York, so either player would be a candidate for a promotion. Jacob Toppin wouldn’t be, since he signed his two-way contract as a free agent, meaning the tax variance rule would apply to him.
Let’s say the Knicks complete the Towns trade as we outlined above, retain either Morris, Shamet, or Okeke to start the season, then promote McCullar or Hukporti to a standard contract 14 days into the season. In that scenario, the team’s salary would be right around $188.5MM for 14 players, giving them approximately $428K in wiggle room below their hard cap for the rest of the season.
The Knicks’ ability to make in-season moves, including adding a 15th man, would be severely limited in that scenario. But their roster would be legal, which is the primary concern at this point.
New York could generate slightly more breathing room below the second apron hard cap by including either Kolek or Dadiet in their package for Towns, then promoting both McCullar and Hukporti to the standard roster on minimum deals.
As was the case with the Bridges trade earlier this summer, early reporting has let us know the most significant pieces in this deal, but there are still some intriguing loose ends to be tied off in order to make it work.
Pre-Camp Roster Snapshot: Southwest Division
Hoops Rumors is in the process of taking a closer look at each NBA team’s current roster situation, evaluating which clubs still have some moves to make and which ones seem most prepared for training camp to begin.
This series is meant to provide a snapshot of each team’s roster at this time, so these articles won’t be updated in the coming weeks as more signings, trades, and/or cuts are made. You can follow our roster counts page to keep tabs on teams’ open spots as opening night nears.
We’re wrapping up our pre-camp Roster Snapshot series today with the Southwest Division. Let’s dive in…
Dallas Mavericks
- Players on guaranteed standard contracts: 14
- Players on non-guaranteed standard contracts: 2
- Players on Exhibit 10 contracts: 3
- Players on two-way contracts: 2
Although Morris’ salary isn’t guaranteed, I’d expect him to fill the 15th spot on the Mavericks‘ opening night roster. His non-guaranteed contract should give them some additional flexibility during the season — for instance, they could waive him ahead of the January 7 league-wide guarantee date, re-sign him to a couple 10-day contracts, then bring him back on a rest-of-season deal after February 6 once they know they won’t need that 15th roster spot for a trade acquisition.
With one two-way slot still available, the Mavs could hold a camp competition for that opening. In addition to their three Exhibit 10 players, Lawson would also be two-way-eligible, though he’d have to be waived and re-signed rather than directly converted.
Houston Rockets
- Players on guaranteed standard contracts: 14
- Players on Exhibit 10 contracts: 2
- Players on two-way contracts: 3
After buying out AJ Griffin, the Rockets have an open spot on their projected 15-man standard regular season roster. They’re well below the luxury tax line, so they’d have no issue carrying a 15th man on a minimum-salary contract (or even something more lucrative than that, if they so choose). Still, with so many players on the roster who have a case for rotation minutes, Houston may not be in a rush to fill that spot by adding someone who won’t play.
Even though the Rockets’ three two-way slots are currently occupied, I’d expect Hinton and/or Samuels to receive consideration for a two-way deal if they impress in camp. Houston also has room on their roster to bring two more players to camp.
Memphis Grizzlies
- Players on guaranteed standard contracts: 13
- Players on Exhibit 10 contracts: 4
- Players on two-way contracts: 2
The Grizzlies opened up a pair of standard roster spots within the last month by waiving Mamadi Diakite and Derrick Rose. Because they stretched Diakite’s partial guarantee and got Rose to agree to give up his full salary, they’re nearly $6MM below the luxury tax line, giving them more than enough breathing room to carry a full 15-man roster into the season if they want to.
I’d expect Memphis to peruse the free agent market for a 14th man, but it’s worth noting that Pippen – who played a rotation role for much of last season – is a strong candidate to be promoted from his two-way contract to the standard roster sooner or later. If that happens before the season, there would be an opening for one of the Grizzlies’ Exhibit 10 signees to have his contract converted to a two-way deal.
Like Houston, Memphis has enough room on its 21-man preseason roster to bring two more players to camp.
New Orleans Pelicans
- Players on guaranteed standard contracts: 13
- Players on non-guaranteed standard contracts: 1
- Players on Exhibit 10 contracts: 3
- Players on two-way contracts: 3
- Players who have reportedly reached contract agreements: 1
- Elfrid Payton (Exhibit 10?)
Alvarado is a lock to make the roster, and the Pelicans – who never pay the tax – are already hovering a little above the luxury tax line, so I’d bet on them leaving their 15th roster spot open to start the season in order to save some money.
The only wild card there could be if the team makes a preseason trade. I wouldn’t necessarily count on that, but New Orleans remains on the lookout for a starting-caliber center and Brandon Ingram‘s future with the team is still in question.
After signing and waiving Galen Robinson Jr. on Tuesday, the Pelicans have an open spot on their 21-man roster to finalize Payton’s deal, though they may rotate other players in and out of that spot before camp begins next week for G League/Exhibit 10 bonus purposes.
San Antonio Spurs
- Players on guaranteed standard contracts: 15
- Players on Exhibit 10 contracts: 4
- Players on two-way contracts: 2
- Players who have reportedly reached contract agreements: 2
- Nathan Mensah (Exhibit 10)
Barring a preseason trade, the Spurs‘ projected standard roster looks set with their current 15 players on guaranteed contracts.
It’s unclear whether there will be an open competition for the final two-way contract or if San Antonio has someone specific in mind for it. Boston would be a good candidate — he has over 100 games of NBA regular season experience on his résumé and has one more year of two-way eligibility left. Flynn, on the other hand, is ineligible for a two-way deal.
I’d expect the Spurs to cut Minix or Nelson at some point in the coming days to make room for Mensah, though it’s possible his Exhibit 10 deal won’t be completed until later in October.
Previously:
NBA 2024 Offseason Check-In: Philadelphia 76ers
Hoops Rumors is checking in on the 2024 offseason for all 30 NBA teams, recapping the summer’s free agent signings, trades, draft picks, departures, and more. We’ll take a look at each team’s offseason moves and consider what might still be coming before the regular season begins. Today, we’re focusing on the Philadelphia 76ers.
Free agent signings
Paul George: Four years, maximum salary ($211,584,940). Includes fourth-year player option and 15% trade kicker. Signed using cap room.- Tyrese Maxey: Five years, maximum salary ($203,852,600). Re-signed using Bird rights.
- Caleb Martin: Four years, $35,040,704. Includes fourth-year player option, 15% trade kicker, and $5,256,106 in additional unlikely incentives. Signed using cap room.
- Kelly Oubre: Two years, $16,365,150. Includes second-year player option. Re-signed using room exception. Waived right to veto trade.
- KJ Martin: Two years, $16,000,000. Second year non-guaranteed. Re-signed using Bird rights.
- Andre Drummond: Two years, $10,000,000. Includes second-year player option. Signed using cap room.
- Eric Gordon: Two years, minimum salary ($6,772,731). Includes second-year player option. Signed using minimum salary exception.
- Reggie Jackson: One year, minimum salary. Signed using minimum salary exception.
- Kyle Lowry: One year, minimum salary. Re-signed using minimum salary exception.
- Guerschon Yabusele: One year, minimum salary. Signed using minimum salary exception.
- Jared Brownridge: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
- Note: Brownridge was subsequently waived.
- Max Fiedler: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
- Judah Mintz: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
Trades
- Acquired the Mavericks’ 2031 second-round pick from the Mavericks in a six-team trade in exchange for Buddy Hield (sign-and-trade; to Warriors).
Draft picks
- 1-16: Jared McCain
- Signed to rookie scale contract (four years, $19,448,588).
- 2-41: Adem Bona
- Signed to four-year, minimum salary contract ($7,895,796). First year guaranteed. Second year partially guaranteed ($977,689). Third year non-guaranteed. Fourth-year team option.
Two-way signings
Departed/unsigned free agents
- Mohamed Bamba (Clippers)
- Nicolas Batum (Clippers)
- Robert Covington (unsigned)
- Tobias Harris (Pistons)
- Buddy Hield (Warriors)
- De’Anthony Melton (Warriors)
- Cameron Payne (Knicks)
- Terquavion Smith (unsigned)
Other moves
- Signed Joel Embiid to a three-year, maximum-salary veteran extension that begins in 2026/27. Projected value of $192,907,008. Includes third-year player option.
- Waived Paul Reed.
Salary cap situation
- Went below the cap to use room.
- Now operating over the cap ($140.6MM), over the luxury tax line ($170.8MM), and between the first tax apron ($178.1MM) and second tax apron ($188.9MM).
- Carrying approximately $181.5MM in salary.
- No hard cap.
- No form of mid-level or bi-annual exception available.
- No traded player exceptions available.
The offseason so far
It used to be relatively common for NBA teams to hoard cap room in the hopes of landing an All-NBA caliber player as a free agent. That’s famously how the Heat landed LeBron James and Chris Bosh in 2010. It’s how the Warriors were able to lure Kevin Durant to Golden State in 2016. And it’s how stars like Durant (Nets), Kyrie Irving (Nets), and Kawhi Leonard (Clippers) joined new teams in 2019.
Since 2019, however, with tweaks to the Collective Bargaining Agreement allowing veteran contract extensions to become more common than ever, it had become increasingly rare for star players to change teams as free agents. In recent years, players like Fred VanVleet (to the Rockets in 2023), pre-All-Star Jalen Brunson (Knicks in 2022), and post-prime Gordon Hayward (Hornets in 2020) were among the most prominent free agents to change teams via cap room.
All that is to say, when the Sixers decided during the 2023 offseason not to sign Tyrese Maxey to a rookie scale extension, telegraphing their intent to maximize their 2024 cap room in the hopes of landing a star, it was a risky play.
While the 76ers could offer a top free agent the opportunity to team up with Maxey and star center Joel Embiid in Philadelphia, they wouldn’t have the ability to outbid that star’s incumbent team for the right to sign him. It’s entirely possible that each of this year’s top six or seven free agents could have re-signed with their previous clubs, putting the Sixers in a position where they’d have to decide whether to splurge on a couple second-tier free agents like Kentavious Caldwell-Pope and Miles Bridges or perhaps target a high-priced trade candidate like Brandon Ingram or Zach LaVine.
Fortunately for the Sixers and their fans, it didn’t play out that way. While four of the top five free agents on our top-50 list (including Maxey) remained with their current teams, Philadelphia was able to secure a commitment from the fifth one – Paul George – after the forward’s negotiations with the Clippers soured.
Like Embiid, George hasn’t been a paragon of health during his prime seasons, having missed time in both the regular season and playoffs due to various injuries over the years, so it’s not as if the four-year, maximum-salary deal the Clippers gave him is risk-free.
But few players in the NBA would have been better fits alongside Maxey and Embiid than George, who is essentially the ideal version of the three-and-D archetype that has become so popular in the league in the last decade. He can handle the toughest wing assignments on defense while also sharing ball-handling and scoring responsibilities on offense with the 76ers’ two other stars.
Maxey’s willingness to wait on his new contract shouldn’t be overlooked or undersold. Keeping his modest $13MM cap hold on the books at the start of free agency instead of having him on the cap for $35MM+ put the Sixers in position to open up maximum-salary cap room for George. It all worked out for Maxey in the end, as he parlayed a Most Improved Player award in 2023/24 into a five-year, maximum-salary deal.
Would he have gotten that same contract if he had torn his ACL on opening night last fall and missed the entire season? Maybe, but it’s worth remembering that it wasn’t just the Sixers who took a risk by going the cap-space route — Maxey could have insisted on long-term security last summer, but by betting on himself and the team, he eventually got his max deal and a new All-Star running mate.
After signing George and Maxey to $200MM+ free agent contracts, the Sixers later extended Embiid on a maximum-salary deal that could pay him nearly $300MM over the next five seasons. Despite his injury history, it was presumably an easy decision for the front office, considering Embiid is a perennial MVP finalist if he’s healthy.
Having made such a huge investment in their three stars, the 76ers didn’t have a ton of flexibility to add complementary pieces around them, but they cleverly used every dollar of their leftover cap room to sign Caleb Martin and Andre Drummond, both of whom should play significant roles. Martin was a valuable two-way contributor in Miami in recent years, while Drummond has been one of the league’s best backup centers and is capable of stepping into the starting lineup if and when Embiid misses time.
Most of the rest of the Sixers signings – including Eric Gordon, Reggie Jackson, Kyle Lowry, Guerschon Yabusele, and second-round pick Adem Bona – were for the minimum. It’s unlikely that all of those players will become productive regular contributors, but the team did pretty well given its salary limitations.
Philadelphia also used its No. 16 overall pick to add rookie guard Jared McCain, its room exception to re-sign starting forward Kelly Oubre, and KJ Martin‘s Bird rights to re-sign him to a two-year, $16MM deal that’s only guaranteed for one season.
That price tag for Martin looks high on the surface, but it’s more about his value as a trade chip than what he’ll provide on the court. Outside of their three stars, no Sixers players are earning more than $8.15MM (Caleb Martin) in 2024/25, so having KJ Martin on a $7.98MM deal could make him a useful salary-matching piece in an in-season deal.
Up next
The Sixers are carrying 14 players on standard contracts, so they could add one more minimum-salary free agent to their roster before opening night if they don’t mind paying the accompanying tax penalty.
They’re approximately $4.6MM away from the second tax apron, but since they can’t take back more salary than they send out in a trade, they should be able to easily avoid surpassing that threshold during the season, even if they carry a 15th man.
It should be a fairly straightforward preseason in Philadelphia though, now that Embiid has signed his extension. Of the 14 players on standard deals, 13 have signed new contracts since July and the 14th (Ricky Council) is in the second year of his deal, so no one else is extension-eligible.
Pre-Camp Roster Snapshot: Southeast Division
Hoops Rumors is in the process of taking a closer look at each NBA team’s current roster situation, evaluating which clubs still have some moves to make and which ones seem most prepared for training camp to begin.
This series is meant to provide a snapshot of each team’s roster at this time, so these articles won’t be updated in the coming weeks as more signings, trades, and/or cuts are made. You can follow our roster counts page to keep tabs on teams’ open spots as opening night nears.
We’re continuing our pre-camp Roster Snapshot series today with the Southeast Division. Let’s dive in…
Atlanta Hawks
- Players on guaranteed standard contracts: 15
- Players on Exhibit 10 contracts: 1
- Players on two-way contracts: 3
- Unsigned draft picks: 1
There are some non-essential pieces on the Hawks‘ 15-man roster — Zeller was acquired via sign-and-trade as a necessary salary-matching piece in the Dejounte Murray deal, while Atlanta traded for Roddy because Phoenix wanted to get off his salary. Still, waiving either of them (or anyone else) in order to sign a new minimum-salary player doesn’t make sense for the Hawks, since doing so would push their team salary into tax territory.
More Exhibit 10 signees are likely coming in order to help fill out the College Park Skyhawks’ roster, but the biggest question here is what happens with Djurisic, the second-round pick who is coming off a foot surgery that will sideline him well into the fall.
Djurisic had been playing in Serbia, so there has been speculation that he’ll remain overseas as a draft-and-stash prospect. However, Nebojsa Covic – the president of Crvena Zvezda, one team linked to Djurisic – denied that his club has any plans to add him, noting that the 20-year-old is “in America.”
My best guess is that the Hawks plan to have Djurisic start the season with their G League affiliate and will consider promoting him to the 18-man roster (either on a standard or two-way contract) later in the season, once he’s fully recovered.
Charlotte Hornets
- Players on guaranteed standard contracts: 13
- Players on non-guaranteed standard contracts: 1
- Taj Gibson (partial guarantee)
- Players on Exhibit 10 contracts: 4
- Players on two-way contracts: 2
- Players who have reportedly reached contract agreements: 2
- Raequan Battle (Exhibit 10), Harry Giles (Exhibit 10?)
It seems safe to assume Gibson will make the Hornets‘ opening night roster, but that still leaves an open spot on the projected 15-man standard roster. Charlotte doesn’t need to fill that spot, but the club’s salary is so far below the luxury tax line that it would make sense to add a 15th man on a non-guaranteed deal.
There are plenty of free agents still available who would be fits in Charlotte. Some of the team’s camp invitees could be in the mix for that spot too, though they may also be battling for the final two-way slot alongside Diabate and Simpson.
Of the current Exhibit 10 players on the roster and those who have been reported, only Giles has too many years of NBA service to qualify for a two-way deal, so he’s a possible candidate for the standard roster.
Miami Heat
- Players on guaranteed standard contracts: 14
- Players on Exhibit 10 contracts: 2
- Players on two-way contracts: 3
- Players who have reportedly reached contract agreements: 1
Reports throughout the offseason have indicated that the Heat aren’t interested in carrying a full 15-man roster into the regular season since doing so would push their team salary above the second tax apron. So it came as a bit of a surprise on Monday when word broke that the team had agreed to a deal with Little.
Moving slightly above the second apron isn’t that big a deal though — based on reports out of Miami, it sounds like Little’s contract will be either non-guaranteed or partially guaranteed, allowing them to waive him in a month or two (or even earlier) and duck back below the second apron if they so choose.
Plus, while teams above the second apron aren’t permitted to aggregate salaries in a trade, the Heat would still be able to do so if they’re below the second apron upon completion of the deal. So if they were operating above the second apron by $1MM and made a trade in which they aggregated three contracts in order to take back two while shedding $3MM in salary, that’d be permitted.
While the 15th spot is the bigger story to watch here, it’s also worth keeping an eye on the two-way slots. The Heat already made one change to those spots this offseason when they waived Pullin in order to sign Christopher. Stevens and Pullin (who is back on an Exhibit 10 contract) could make cases to be converted to two-way deals with strong performances in camp and the preseason.
Orlando Magic
- Players on guaranteed standard contracts: 15
- Players on Exhibit 10 contracts: 5
- Players on two-way contracts: 1
- Players who have reportedly reached contract agreements: 1
- Robert Baker (Exhibit 10)
The Magic‘s 15 players on standard contracts look set, but with only one two-way slot filled so far, they could put the other two spots up for grabs in a camp competition.
McClung is reportedly viewed as a good candidate to claim one of those two-way deals. Of the current camp invitees, only Culver – who has four years of NBA service – is ineligible to be converted to a two-way contract.
Washington Wizards
- Players on guaranteed standard contracts: 15
- Players on non-guaranteed standard contracts: 1
- Players on two-way contracts: 2
- Players who have reportedly reached contract agreements: 3
- Leaky Black (Exhibit 10), Kira Lewis (Exhibit 10), Jaylen Nowell (Exhibit 10)
Butler appeared in 40 games for the Wizards last season, but the only way he’ll be part of this year’s opening night roster is if the team trades or waives a player on a guaranteed contract. That’s not out of the question — Baldwin is probably the player whose roster spot would be most in jeopardy, since the former first-round pick has yet to establish himself as a reliable rotation player and didn’t look great in Summer League.
Interestingly, Lewis and Nowell agreed to Exhibit 10 deals with Washington despite being ineligible for two-way deals, so they’ve either resigned themselves to joining the Capital City Go-Go or were promised a shot to compete for a standard roster spot.
Black could be in the mix for the open two-way slot here. Butler would also be two-way eligible, but he’d have to be waived and re-signed. The Wizards could also look outside the organization to fill that spot, perhaps targeting a player from another roster who’s cut during or after the preseason.
Previously:
Pre-Camp Roster Snapshot: Pacific Division
Hoops Rumors is in the process of taking a closer look at each NBA team’s current roster situation, evaluating which clubs still have some moves to make and which ones seem most prepared for training camp to begin.
This series is meant to provide a snapshot of each team’s roster at this time, so these articles won’t be updated in the coming weeks as more signings, trades, and/or cuts are made. You can follow our roster counts page to keep tabs on teams’ open spots as opening night nears.
We’re continuing our pre-camp Roster Snapshot series today with the Pacific Division. Let’s dive in…
Golden State Warriors
- Players on guaranteed standard contracts: 12
- Players on non-guaranteed standard contracts: 2
- Players on Exhibit 10 contracts: 1
- Players on two-way contracts: 3
- Players who have reportedly reached contract agreements: 1
- Blake Hinson (Exhibit 10)
- Unsigned draft picks: 1
The Warriors are hard-capped at the first tax apron and are currently less than $1MM away from that threshold, so carrying a full 15-man standard roster won’t be an option to start the season. That doesn’t mean roster changes aren’t possible, since either Santos or Waters could be replaced with a minimum-salary player. However, recent reporting suggested that Golden State will probably stick with those two for opening night, despite recently working out several veteran free agents.
The Warriors have been in the process of shuffling Exhibit 10 players on and off the roster, having waived Donta Scott, Yuri Collins, and Javan Johnson within the last few days. That process figures to continue.
One key outstanding question in Golden State is which two-way player will be cut to make room for Post — the No. 52 overall pick is expected to receive a two-way contract of his own, but either Beekman, Plowden, or Spencer will have to be waived to open up a spot.
Two-way players who are holdovers from the prior season are generally more in danger of losing their roster spots than newly signed players, which is why I’d long viewed Spencer as the Warriors’ most likely release candidate. However, the fact that the College Park Skyhawks recently surrendered a G League draft pick in a trade for Plowden’s returning rights is a signal that he could be the odd man out. Complicating matters further? Beekman was easily the trio’s least effective performer in Summer League play. I wouldn’t necessarily assume that any one of these three players is entirely safe.
Los Angeles Clippers
- Players on guaranteed standard contracts: 15
- Players on Exhibit 10 contracts: 4
- Players on two-way contracts: 2
- Players who have reportedly reached contract agreements: 1
- Alondes Williams (Exhibit 10?)
With 15 players on standard guaranteed contracts, the Clippers‘ standard roster looks pretty set for opening night. They’d probably like to find a taker for Tucker’s expiring contract, but I wouldn’t count on that happening before the season begins.
There’s still work to be done with the Clippers’ two-way contracts though. Even if Flowers and Miller keep their spots, the club will almost certainly add a third player to that group prior to the start of the regular season. Of the camp invitees on Exhibit 10 contracts, Jones – the 19th overall pick in 2021 – looks like the most intriguing option for that final two-way slot.
Meanwhile, the reporting on Williams’ alleged agreement with the Clippers was somewhat vague and has yet to be corroborated, so it’s unclear if and when that signing will be finalized and what kind of contract he’ll get. It’s possible Williams could be among the players in the mix for the final two-way spot.
Los Angeles Lakers
- Players on guaranteed standard contracts: 15
- Players on Exhibit 10 contracts: 3
- Players on two-way contracts: 3
- Players who have reportedly reached contract agreements: 1
- Sean East (Exhibit 10)
Like the Clippers, the Lakers have one or more potential salary-dump candidates among their 15 guaranteed players on guaranteed contracts, but those trade opportunities are more likely to materialize during the regular season than during the preseason. I’d expect the 15 players on standard contracts listed above to be the ones on the Lakers’ opening night roster.
The Lakers have shown already this offseason that they don’t mind shaking up their two-way spots — they signed Blake Hinson to a two-year, two-way contract in July, only to waive him a couple months later in favor of Koloko. It’s possible the team will make another change to that group (Goodwin, notably, is eligible to converted). Otherwise, we should just expect minor Exhibit 10 signings and cuts in the coming weeks.
Phoenix Suns
- Players on guaranteed standard contracts: 14
- Players on Exhibit 10 contracts: 1
- Players on two-way contracts: 3
- Players who have reportedly reached contract agreements: 3
- Boo Buie (Exhibit 10), Mamadi Diakite (Exhibit 10), Tyrese Samuel (Exhibit 10)
This is the first time in a few years that the Suns have had a G League team of their own, so we’ll see just how many affiliate and returning-rights players they sign to Exhibit 10 contracts prior to the season. If they complete their reported deals with Buie, Diakite, and Samuel, they’ll be at the 21-man roster limit, but more transactions are certainly a possibility.
The Suns, who had been carrying 16 players on guaranteed contracts, opened up a spot on their projected 15-man regular season roster by waiving both Nassir Little and E.J. Liddell last month. Given that they stretched both players’ salaries in an effort to reduce their projected tax bill, I imagine they aren’t all that eager to fill that 15th spot with a new addition right away — that may not happen until later in the season.
Sacramento Kings
- Players on guaranteed standard contracts: 12
- Players on non-guaranteed standard contracts: 2
- Keon Ellis, Orlando Robinson (partial guarantee)
- Players on Exhibit 10 contracts: 1
- Players on two-way contracts: 3
- Players who have reportedly reached contract agreements: 2
- Skal Labissiere (Exhibit 10), Terry Taylor (Exhibit 10?)
The Kings are in a similar spot to the Warriors. With just 12 players on fully guaranteed contracts, plus two more without full guarantees, Sacramento theoretically has some room to make changes at the back of its roster. But adding a 15th man would push the team’s salary into luxury tax territory. Plus, Keon Ellis should have a rotation role and Robinson has a $500K partial guarantee, so neither looks like a great candidate to be cut before opening night.
While Sacramento could carry a 15th man into the season and worry down the road about ducking out of the tax, I don’t expect that to be the plan unless the club is hit hard by injuries in the preseason. For what it’s worth, the Kings are already dealing with one injury — Carter is expected to be sidelined until at least January as he recovers from shoulder surgery.
Even if they were to finalize the Labissiere and Taylor signings today, the Kings would still have an open spot on their 21-man preseason roster, so more Exhibit 10 signings (and cuts) are likely coming. We’ll see if any of those players, including Boogie Ellis, get a shot to unseat Crawford or the Joneses for a two-way spot or whether Sacramento is content to carry its current two-way players into the season.
Previously:
Community Shootaround: Rule Changes
Some rule changes in major sports transform the game in a good way. The pitch clock has done precisely what Major League Baseball hoped. It dramatically improved the pace of play and shaved nearly half an hour off the length of games.
Others, like the new NFL kickoff rule, have flopped. The league was hoping the new format would increase the amount of kick returns. Instead, teams would rather let the opponent start at its own 30-yard-line than risk a long return.
The NBA rules haven’t really changed much in recent years, save for a few tweaks here and there. However, the game itself has been impacted dramatically by analytics. Mid-range shots and post-ups have been deemphasized in favor of three-point attempts and driving to the basket for layups and dunks, or least setting up high-percentage shots.
The proliferation of three-point tries has been arguably the biggest change in the game in recent decades. Last season, for example, the champion Celtics attempted a whopping 42.5 3s per game. In contrast, their 2008 championship club averaged 19.1 three-point tries per game.
Coaches around the league rarely say their teams are shooting too many threes; usually they’re hoping to find ways to increase three-point attempts.
Is it time for the league to make the three-pointer less important? The NBA isn’t going to erase the three-point line but it could limit the amount a team takes. Or it could make all baskets two-pointers until a certain time structure, say the last three minutes of each quarter.
That would lead to more strategic moves by the league’s coaches. If there were a limit on threes, coaches might instruct their players to “save” some of the allotment for later in the game.
If three-pointers only counted for a certain time period, coaches would be certain to make sure their best perimeter shooters were on the floor when beyond-the-arc shots count for three points. Mid-range shooting and post-ups would have more of a place in game strategy when all baskets count for two points.
That brings up to today’s topic: Would you like to see the NBA take steps to limit three-point shooting or do you prefer the status quo? If there were limitations, what type of rule or rules would you like to see the league adopt?
Please take to the comments section to weigh on this topic. We look forward to your input.
Pre-Camp Roster Snapshot: Central Division
Hoops Rumors is in the process of taking a closer look at each NBA team’s current roster situation, evaluating which clubs still have some moves to make and which ones seem most prepared for training camp to begin.
This series is meant to provide a snapshot of each team’s roster at this time, so these articles won’t be updated in the coming weeks as more signings, trades, and/or cuts are made. You can follow our roster counts page to keep tabs on teams’ open spots as opening night nears.
We’re continuing our pre-camp Roster Snapshot series today with the Central Division. Let’s dive in…
Chicago Bulls
- Players on guaranteed standard contracts: 14
- Players on non-guaranteed standard contracts: 1
- Players on Exhibit 10 contracts: 3
- Players on two-way contracts: 2
- Players who have reportedly reached contract agreements: 1
- E.J. Liddell (Exhibit 10?)
The Bulls could set their 21-man training camp roster by officially signing Liddell, who is believed to have agreed to an Exhibit 10 deal. However, there are still questions about what their 18-man regular season roster will look like, even if Chicago doesn’t make any preseason trades.
The Bulls have just 14 players on guaranteed standard contracts, leaving the 15th spot open for a roster hopeful like Bitim, Horton-Tucker, or Lofton. The club also has a two-way slot available.
While Horton-Tucker isn’t eligible for a two-way contract, Domask, Lofton, and Liddell are. Bitim would be too, but he can’t be converted directly to a two-way deal since he’s not on an Exhibit 10 contract — he’d need to be cut and then re-signed after clearing waivers.
Cleveland Cavaliers
- Players on guaranteed standard contracts: 11
- Players on non-guaranteed standard contracts: 3
- Sam Merrill, Craig Porter (partial guarantee), Tristan Thompson
- Players on two-way contracts: 3
- Players who have reportedly reached contract agreements: 1
- Darius Brown II (Exhibit 10)
The Cavaliers‘ 11 players on fully guaranteed salaries represents the lowest total of any NBA team. But Merrill and Porter are locks to be on the regular season roster, so at least 13 standard spots are accounted for, and the team reportedly doesn’t intend to carry a 15th man into opening night for financial reasons.
Presumably, Thompson will open the season as the 14th man, but that’s not set in stone, since he’s not owed any guaranteed money. The Cavs could still bring in another veteran to challenge for that job.
Even after signing Brown, Cleveland will have three open spots on its 21-man roster, so more Exhibit 10 signings are likely around the corner too.
Detroit Pistons
- Players on guaranteed standard contracts: 13
- Players on non-guaranteed standard contracts: 1
- Players on Exhibit 10 contracts: 2
- Players on two-way contracts: 2
- Players who have reportedly reached contract agreements: 2
- Aaron Estrada (Exhibit 10), Dereon Seabron (Exhibit 10)
With over $10MM in cap room still available and only 13 players on guaranteed contracts, the Pistons are one of the NBA’s top candidates to make a move impacting their regular season roster in the next month.
That’s not a lock though. If they hang onto Reed, as expected, the Pistons will have the required 14 players for opening night. And if they want to maximize their remaining cap room in order to accommodate as many potential in-season trade opportunities as possible, they may be reluctant to add even a minimum-salary player as a 15th man.
While it’s an open question whether or not Detroit will fill out its standard 15-man roster, it’s safe to assume the team will carry a third two-way player into the season. We’ll see whether McCoy, Smith, Estrada, and/or Seabron get a chance to compete for that spot or whether the Pistons have any other specific targets in mind. For what it’s worth, the club could add one more player to its 21-man preseason roster even after officially signing Estrada and Seabron.
Indiana Pacers
- Players on guaranteed standard contracts: 12
- Players on non-guaranteed standard contracts: 4
- Kendall Brown, James Johnson (partial guarantee), Cole Swider, James Wiseman (partial guarantee)
- Players on two-way contracts: 3
- Players who have reportedly reached contract agreements: 3
- Josiah-Jordan James (Exhibit 10), Tyler Polley (Exhibit 10), Keisei Tominaga (Exhibit 10)
The partial guarantees held by Johnson and Wiseman will give them the upper hand to join the Pacers‘ dozen players on fully guaranteed contracts as part of the standard opening night roster. That would leave Brown and Swider vying for the 15th spot, with no guarantee that Indiana – within spitting distance of the luxury tax line – would retain either one.
The Pacers, who are already carrying 19 total players, wouldn’t be able to finalize all three of their reported Exhibit 10 deals without waiving someone. That math suggests that at least one of those Exhibit 10 recipients – and maybe more than one – will be cut shortly after he signs, with Indiana rotating players in and out of those back-end roster spots.
Milwaukee Bucks
- Players on guaranteed standard contracts: 14
- Players on non-guaranteed standard contracts: 1
- Andre Jackson (partial guarantee)
- Players on Exhibit 10 contracts: 3
- Players on two-way contracts: 3
The Bucks have a hefty projected tax bill to consider, but it still doesn’t make sense to waive Jackson, given that half of his $1.89MM salary is guaranteed. He’ll make that money whether or not he opens the season on the roster, so it looks like Milwaukee will carry a full 15-man squad into opening night.
With all 21 preseason roster spots filled, including all three of their two-way slots, the Bucks don’t need to make any changes before camp begins. Unless one of the camp invitees has a huge fall and pushes one of the current two-way players out, I’d expect Milwaukee’s only preseason roster moves to consist of signing and waiving Exhibit 10 players.
Previously:
NBA 2024 Offseason Check-In: Sacramento Kings
Hoops Rumors is checking in on the 2024 offseason for all 30 NBA teams, recapping the summer’s free agent signings, trades, draft picks, departures, and more. We’ll take a look at each team’s offseason moves and consider what might still be coming before the regular season begins. Today, we’re focusing on the Sacramento Kings.
Free agent signings
Malik Monk: Four years, $77,975,308. Fourth-year player option. Re-signed using Early Bird rights.- DeMar DeRozan: Three years, $73,710,000. Includes an additional $3MM in unlikely incentives. Third year partially guaranteed ($10MM). Signed using Bird rights and acquired via sign-and-trade from Bulls.
- Alex Len: One year, minimum salary. Re-signed using minimum salary exception. Waived right to veto trade.
- Jordan McLaughlin: One year, minimum salary. Signed using minimum salary exception.
- Orlando Robinson: One year, minimum salary. Partially guaranteed ($500K). Signed using minimum salary exception.
- Boogie Ellis: One year, minimum salary. Non-guaranteed (Exhibit 10). Signed using minimum salary exception.
Trades
- Acquired Jalen McDaniels from the Raptors in exchange for Davion Mitchell, Sasha Vezenkov, the draft rights to Jamal Shead (No. 45 pick), and the Trail Blazers’ 2025 second-round pick.
- Acquired DeMar DeRozan (sign-and-trade) from the Bulls in a three team-trade in exchange for Harrison Barnes (to Spurs), Chris Duarte (to Bulls), the Kings’ 2025 second-round pick (to Bulls), the Kings’ 2028 second-round pick (to Bulls), the right to swap 2031 first-round picks (to Spurs), and cash (to Bulls).
Draft picks
- 1-13: Devin Carter
- Signed to rookie scale contract (four years, $22,141,696).
Two-way signings
Departed/unsigned free agents
- Kessler Edwards (Mavericks)
- Jordan Ford (Aquila Basket Trento)
- JaVale McGee (unsigned)
- Jalen Slawson (Magic)
Salary cap situation
- Operating over the cap ($140.6MM) and below the luxury tax line ($170.8MM).
- Carrying approximately $169.7MM in salary.
- Hard-capped at $178,132,000.
- Full mid-level, bi-annual exceptions available.
- Three traded player exceptions available (largest worth $6,341,464).
The offseason so far
Entering the offseason, there were two notable NBA free agents whose Early Bird rights were considered potentially insufficient to retain them. One of those was Isaiah Hartenstein, who signed a three-year, $87MM contract with the Thunder that the Knicks were unable to match using the Early Bird exception. However, the second of those two free agents, Malik Monk, reached an early deal with the Kings, agreeing to accept Sacramento’s best possible offer well ahead of the start of July.
To be clear, it’s not as if Monk magnanimously accepted a deal way below his market value. His new four-year, $78MM contract is easily the most lucrative of his career, and the $19.5MM annual salary represents an entirely reasonable rate for an effective, offense-first sixth man.
Still, there was a belief that he might’ve been able to secure an even bigger payday on the open market, so the Kings benefited from new NBA rules that permitted them to begin contract talks with Monk immediately after the Finals ended, rather than having to wait until the end of June to open those negotiations.
Having agreed to terms early with Monk, the Kings were able to approach the rest of the summer with the knowledge that their top free agent would be back, and their subsequent roster moves accounted for that. With Monk returning, for instance, Sacramento needed to shed some salary in order to stay out of luxury tax territory, so the club sent Sasha Vezenkov and Davion Mitchell to Toronto, along with two second-round picks, in exchange for Jalen McDaniels.
Vezenkov ended up agreeing to give up his entire $6.66MM salary for the 2024/25 season in order to get out of his contract. If the Kings had known he’d be willing to do that, trading him wouldn’t have been necessary, but it’s possible he only finalized that decision when faced with the prospect of moving to a new country for the second time in two years.
It’s also unfortunate that Sacramento had to give up on Mitchell, a 2021 lottery pick, but his offensive game never really developed and he found himself surpassed on the depth chart last season by undrafted free agent Keon Ellis. While that No. 9 overall pick was a miss for the Kings, they can take some solace in the fact that the teams right behind them in the 2021 draft didn’t do any better — Ziaire Williams, James Bouknight, Joshua Primo, and Chris Duarte were the four players selected right after Mitchell (though Corey Kispert, Alperen Sengun, Trey Murphy, and Jalen Johnson all went later in the top 20).
Speaking of Duarte, he was a throw-in salary-matching piece in the Kings’ biggest move of July, a sign-and-trade deal for six-time All-Star DeMar DeRozan. Duarte was packaged with Harrison Barnes (sent to San Antonio), a pair of second-round picks, a 2031 first-round pick swap, and cash in order to bring DeRozan aboard on a three-year contract without adding any salary to the team’s books for 2024/25.
A two-way forward probably would’ve been a better all-around fit for the Kings’ lineup, and it’s not as if Sacramento hadn’t been trying to acquire that sort of player — the team reportedly pursued both OG Anunoby and Pascal Siakam last season before the Raptors traded them elsewhere. But DeRozan was the only impact player available this summer at the price Sacramento was willing to pay, both in terms of the trade package and the contract.
While the Kings will have no shortage of offensive firepower in 2024/25, head coach Mike Brown – who has preached defense since arriving in Sacramento – may not have the personnel for an above-average defense after swapping out Barnes for DeRozan. Domantas Sabonis and De’Aaron Fox aren’t bad on that end of the court, but neither is a top-tier defender; DeRozan and Monk certainly aren’t either. The pressure will be on 2022 lottery pick Keegan Murray to continue making defensive strides and to try to slow down opponents’ top wings while the Kings’ top scorers are simply asked to play solid team D within Brown’s scheme.
The Kings’ other veteran offseason additions were minimum-salary free agent signings — Alex Len will return for a fourth season, with Orlando Robinson joining him in the frontcourt and Jordan McLaughlin signed for backcourt depth. Robinson’s salary isn’t fully guaranteed, so Sacramento could swap him out for a new addition at some point if he doesn’t impress.
In addition to signing McLaughlin, the Kings used their lottery pick to select Devin Carter, a former Providence guard who looked like he might be able to step into an immediate role in the backcourt after a huge year for the Friars in 2023/24. Unfortunately, Carter underwent a shoulder surgery in early July that is expected to sideline him for six months.
It’s possible we’ll see Carter on the court in Sacramento during the season’s second half, but it’s probably unfair for the club to expect anything from him as a rookie, since he wasn’t able to take part in Summer League and won’t be a full participant in training camp or the preseason.
Up next
The Kings are currently carrying just 14 players on standard contracts, with neither Ellis nor Robinson on a fully guaranteed deal, so they have the ability to make some changes at the back of their projected regular season roster, including bringing in a 15th man.
Still, it wouldn’t be a surprise if this is the group that the team sticks with for opening night. Ellis isn’t going anywhere, Robinson has a partial guarantee, and adding a 15th man would push Sacramento’s team salary into luxury tax territory. As long as the roster stays relatively healthy, there’s probably no need to take on another player who won’t see rotation minutes, especially when the club is so close to the tax line.
The Kings’ prime preseason extension candidate is Fox, who is eligible for a new deal worth up to the maximum that would tack on three years to the two left on his current contract. However, reporting in June indicated that the star guard had decided not to sign an extension this offseason, preferring to put off those talks until 2025.
If Sacramento has a disappointing season in 2024/25, Fox’s contract situation might become a cause for concern, but the team shouldn’t be worried about it at this point. The 26-year-old could qualify for a super-max extension if he makes an All-NBA team next spring, which is reason enough for him to wait a year. Even if he misses out on the super-max, Fox would be eligible to sign a slightly longer-term deal beginning next July.
Kevin Huerter is the only other King who is currently extension-eligible. I wouldn’t expect Huerter to get a new deal at this point after he saw his minutes cut back to a career-low 24.4 per game last season.
