Contract/Cap Notes: Middleton, Lopez, C. Johnson, Watanabe, More
The three-year contract Khris Middleton signed with the Bucks only has a base value of about $93MM, well below the reported figure of $102MM, reports ESPN’s Bobby Marks (via Twitter).
As Marks explains, the deal features approximately $9MM in total incentives — $2MM are currently considered likely to be earned, while the other $7MM are unlikely (meaning Middleton and/or the Bucks didn’t achieve the criteria last season). For now, the forward’s annual cap hits, which take into account his base salaries and likely incentives, will be $29.3MM, $31.7MM, and $34MM.
Meanwhile, Brook Lopez‘s two-year, $48MM contract with the Bucks has a declining structure, according to Marks. The veteran center will earn $25MM in 2023/24 and $23MM in ’24/25.
Here are a few more contract and cap details from around the NBA:
- Marks also has the specifics (via Twitter) on Cameron Johnson‘s four-year contract with the Nets, which includes several incentives and declines in years two and three before rising again in year four. Johnson has base salaries of $24.5MM, $22.5MM, $20.5MM, and $22.5MM, with annual bonuses of $4.9MM, $4.5MM, $4.1MM, and $4.5MM. Currently, a total of $4.4MM of those incentives are considered likely, while the other $13.6MM are unlikely.
- The Suns‘ deal with Yuta Watanabe is a two-year, minimum-salary agreement with a second-year player option, confirms Michael Scotto of HoopsHype (Twitter link). That was the common structure on the contracts Phoenix offered to free agents — Eric Gordon, Keita Bates-Diop, and Drew Eubanks received similar deals.
- A pair of two-way contracts that have been signed early in the 2023/24 league year will cover two seasons instead of just one. Craig Porter‘s deal with the Cavaliers and Jaylen Martin‘s agreement with the Knicks are each for two years, per Keith Smith of Spotrac (Twitter links).
- A handful of teams using cap room this season have renounced their free agent rights to one or more players in order to maximize their space. According to RealGM’s transaction log, the Pacers (George Hill), Kings (Terence Davis, Jeremy Lamb, Corey Brewer), Pistons (Hamidou Diallo, Rodney McGruder, and Buddy Boeheim), and Thunder (eight players, including Dario Saric, Jared Butler, and Nick Collison) all renounced players. In some cases, those cap holds had been on teams’ books for multiple seasons — they won’t be there going forward.
Central Notes: Wiseman, Dosunmu, Lewis, Pacers
James Wiseman is thankful to be healthy and able to work on his game this offseason, Mike Curtis of the Detroit News writes.
The career of the former Warriors lottery pick has been marred by knee ailments. Wiseman is participating in the Pistons’ summer league.
“I’m just grateful to be healthy again,” he said. “Just to be out there playing and to be 100% and not worried about my knee or anything. Just out there playing and hooping and that’s what I like to do.”
Wiseman has gone through three-a-day workouts as he tries to build upon his improved play since joining the Pistons. He averaged 12.7 points and 8.1 rebounds in 25.1 minutes per games through 24 games with Detroit after being traded by Golden State.
“I’ve just been hooping,” Wiseman said. “Since I haven’t been able to play in a while, (the gym) is where I live at. I just work on all aspects of my game.”
We have more from the Central Division:
- After waiving Marko Simonovic, the Bulls still have some work to do, K.C. Johnson of NBC Sports Chicago notes. They still must resolve Ayo Dosunmu‘s status after extending him a $5.2MM qualifying offer, making him a restricted free agent. The Bulls are perhaps trying to pursue a longer-term deal at a lower price, saving him as a potential sign-and-trade asset, or waiting to see if a suitor comes along with an offer sheet, Johnson writes.
- Bulls forward Justin Lewis has been full participant in summer league camp, Johnson tweets. He’s on track to play in the Las Vegas Summer League after overcoming an ACL tear, which he suffered last August. The former Marquette star, who went undrafted last year, rehabbed the knee at Chicago’s facilities after getting waived, then re-signed with the Bulls on a two-year, two-way deal in March.
- The Pacers made it clear they wouldn’t sign a restricted free agent to an offer sheet this offseason after giving Deandre Ayton a four-year, $133MM offer sheet a year ago, ESPN’s Zach Lowe said on his latest Lowe Post podcast. “Remember, they were the ‘Herb Simon doesn’t let us do offer sheets’ team,” Lowe said, referring to the Pacers’ team owner. “And he made an exception for Ayton and it got matched and it was a little bit of a mess. They sent around the league, like, ‘We’re not doing offer sheets.'”
Pacers Trade Chris Duarte To Kings
JULY 6, 8:15pm: The Pacers and Kings have officially completed the trade sending Duarte to Sacramento. The Kings put out a press release confirming the move.
JULY 6, 2:43pm: The Pacers and Kings are in agreement on their Duarte trade, according to ESPN’s Adrian Wojnarowski (Twitter link), who reports that the deal is expected to be finalized today.
Indiana will receive Dallas’ 2028 second-round pick and Sacramento’s own 2030 second-rounder, reports Dustin Dopirak of The Indianapolis Star (Twitter link).
JUNE 30, 9:41am: The Kings and Pacers are nearing an agreement on a trade that will send wing Chris Duarte to Sacramento, sources tell Shams Charania of The Athletic (Twitter link). According to Charania, Indiana would receive draft compensation in the deal.
Duarte, 26, was the 13th overall pick in the 2021 draft out of Oregon. He had a promising rookie season in 2021/22, averaging 13.1 PPG with a .369 3PT% in 55 games (28.0 MPG), but took a step back in his second year in the NBA.
The 6’6″ swingman battled injuries that limited him to 46 games in 2022/23 and his numbers dipped to 7.9 PPG with a .316 3PT%. The emergence of rookie Bennedict Mathurin and the addition of another former lottery pick, Aaron Nesmith, resulted in Duarte playing a diminished role (19.5 MPG) even when he was available.
The Kings appear willing to bet that Duarte can recapture his rookie former and will take on his $4.1MM guaranteed salary for 2023/24. They’ll have to make a decision by October 31 on his $5.9MM option for the ’24/25 season. If that option is picked up, Duarte would become extension-eligible during the 2024 offseason.
The Pacers also reportedly discussed Duarte in their trade talks with the Hawks about De’Andre Hunter.
Latest On Damian Lillard
Damian Lillard‘s agent, Aaron Goodwin, confirms that his client only wants to be traded to the Heat, according to Barry Jackson of the Miami Herald.
ESPN’s Adrian Wojnarowski previously reported that Goodwin was attempting to steer his client to Miami while discouraging other teams from pursuing a trade for the perennial All-Star guard. In comments to Jackson, Lillard’s agent responded to that ESPN report.
“I do what I should for my client. Some teams I did call. Other teams have called me,” Goodwin said. “It’s a respectful relationship with most teams. Truthfully, he wants to play in Miami. Period.”
Despite Lillard’s focus on Miami, Trail Blazers general manager Joe Cronin plans to speak with other GMs and team presidents during the Las Vegas Summer League. Still, Goodwin believes Cronin will eventually grant Lillard’s wish, Aaron Fentress of The Oregonian tweets.
“I had a positive conversation with Joe and I made it clear that Damian would want them to sit down and have a meaningful negotiation with Miami.” Goodwin said. “And I think that’s something that Joe and the Blazers will do.”
We have more on Lillard:
- So what if Lillard gets traded to another team besides the Heat? A source familiar with his thinking claims that the star guard would hold out, according to Mark Medina of Sportsnaut.com. “He just wouldn’t go,” the source said. “He just wouldn’t report. … I don’t think the other team would trade for him knowing that he doesn’t want to be there.” While it’s possible that source is right about how Lillard would respond to being traded to a non-Heat team, it’s hard not to interpret it as a leverage play, given that Lillard has four years remaining on his contract.
- The Jazz made a call to to the Blazers regarding Lillard but didn’t make any type of formal offer, according to ESPN’s Adrian Wojnarowski. Although Utah could dangle draft picks and developing young players for Lillard, he doesn’t fit the timeline for its young core, Wojnarowski points out.
- A couple of league sources close to the situation told the Miami Herald’s Anthony Chiang that it wouldn’t be surprising if Lillard remains in limbo for weeks while Portland waits for better trade offers. Lillard’s desire to go to Miami could depresses the market. With the start of training camp still three months away. the Heat don’t have to push the panic button and increase whatever offer they have on the table.
- The Sixers haven’t entirely ruled out the possibility of trading for Lillard, but they’ve “consistently underplayed” the odds of it happening, sources tell Kyle Neubeck of PhillyVoice.com.
Wizards Trade Monte Morris To Pistons
JULY 6: The Wizards and Pistons have officially completed the Morris trade, according to press releases from both teams. Washington will receive either the Nets’ or Mavericks’ 2027 second-round pick (whichever is more favorable).
JUNE 30: The Wizards and Pistons have agreed to a trade that will send point guard Monte Morris to Detroit, sources tell Shams Charania of The Athletic (Twitter link).
According to Omari Sankofa of The Detroit Free Press (Twitter link), Washington will acquire a future second-round pick in exchange for Morris. No other players will be involved in the swap, Sankofa adds.
Josh Robbins of The Athletic reports (via Twitter) that the pick will be a 2027 second-rounder. The Wizards will also create a $9.8MM trade exception — equivalent to Morris’ salary — as part of the deal, per Robbins.
As Yossi Gozlan of HoopsHype tweets, the Wizards are facing a roster crunch, particularly in the backcourt. Moving Morris helps address both of those issues. The Wizards now have 16 players under contract and have multiple mid-sized trade exceptions after previously dealing away Bradley Beal and Kristaps Porzingis, Gozlan notes.
Morris’ contract will be absorbed into Detroit’s remaining cap room and the deal will be completed July 6, per ESPN’s Bobby Marks (Twitter link). The Pistons still have the $7.8MM room exception to work with, says Marks, who adds that the Wizards are $30.5MM below the luxury tax line.
A former second-round pick and Michigan native, Morris spent his first five seasons with the Nuggets before being traded to the Wizards last summer. The 28-year-old had a solid first season with Washington in 2022/23, averaging 10.3 points, 5.3 assists and 3.4 rebounds on .480/.382/.831 shooting in 62 games (61 starts, 27.3 minutes).
Morris, who has been one of the league’s best at taking care of the ball throughout his career, including a 5.3-to-1 assist-to-turnover ratio last season, is ideally used as a backup, because he’s not a great defensive player. His measured, efficient approach should mesh well with a young Pistons team looking to take the next step in their rebuild.
Morris is entering the final year of his contract, which explains, to some extent, the limited return the Wizards received in the deal. The fact that they were able to shed his salary without taking any on themselves must have held some appeal as well.
Pelicans Convert Liddell’s Two-Way Contract To Three-Year Deal
5:59pm: The signing is now official, according to NBA’s transactions log.
5:37pm: The Pelicans are signing forward E.J. Liddell to a new three-year, $6,224,049, with a team option in the third season, Shams Charania of Stadium and The Athletic tweets.
Liddell is having his two-way contract converted to a standard one. He suffered a torn right ACL in summer league last summer.
Liddell, a 6’6” forward, was the 41st pick in the 2022 draft out of Ohio State. Liddell occupied one of the Pelicans’ two-way slots last season despite his inability to play.
As The Athletic’s John Hollinger points out (Twitter link), handing Liddell a standard contract actually helps New Orleans in terms of the luxury tax. It’s cheaper for the Pelicans to give Liddell a minimum deal than signing another player on a veteran’s minimum to fill their 14th roster spot.
Liddell will return to action on Friday night when he returns to Las Vegas for the New Orleans Pelicans’ summer league opener, Rod Walker of the New Orleans Times Picayune reports.
“Wooh, lot of nerves,” Liddell said. “If you see me smiling, a lot of nerves. But just know (I’m) super excited to be out there.”
During a 2021/22 NCAA season in which he was named a Third Team All-American, an All-Big Ten First Teamer, and a Big Ten All-Defensive Team honoree, Liddell averaged 19.4 PPG, 7.9 RPG, 2.5 BPG and 2.5 APG for the Buckeyes.
Knicks Sign Jacob Toppin To Exhibit 10 Deal
JULY 6: Toppin has officially signed with the Knicks, the team announced today (via Twitter).
According to Fred Katz of The Athletic (Twitter link), Toppin ended up signing an Exhibit 10 contract instead of a two-way deal. He’ll receive up to $75K if he’s waived before the start of the season and spends at least two months with the Westchester Knicks in the G League.
JUNE 23: The Knicks have reached an agreement to sign former Kentucky forward Jacob Toppin to a two-way contract, sources tell Adrian Wojnarowski of ESPN (Twitter link).
Toppin, who went undrafted on Thursday, is the younger brother of Obi Toppin.
Jacob averaged a career-best 12.4 points, 6.8 rebounds, and 2.2 assists per game for the Wildcats as a senior in 2022/23, earning a starting role and averaging 31.4 MPG in 33 appearances. Obi, meanwhile, is entering a potential contract year in ’23/24 and his future in New York appears somewhat up in the air.
Trevor Keels and Duane Washington finished this past season as the Knicks’ two-way players, but neither one is under contract for ’23/24, so it’s possible the club could bring in two new players in addition to Toppin to fill its two-way slots for next season. Teams will be permitted to carry three two way players instead of just two for the first time this offseason.
Hawks Sign Second-Rounder Lundy To Two-Way Contract
The Hawks have signed Seth Lundy to a two-way contract, according to the NBA transactions log.
Lundy was chosen with the No. 46 pick of the second round in last month’s draft. The former Penn State swingman had a highly productive four-year career with the Nittany Lions. Last season, Lundy started 36 games and averaged 14.2 points and 6.3 rebounds while making 40% of his 3-point attempts. He shot a high volume of 3s, making 92 of 230 attempts.
Atlanta currently has an overloaded roster, so it’s not surprising Lundy was given a two-way deal rather than a standard contract.
The Hawks have also officially signed forward Miles Norris to a two-way deal. Norris went undrafted and news leaked shortly after the draft that the Hawks had agreed to sign him a two-way contract.
Norris, who played his college ball at three different schools, spent the last three years at UC Santa Barbara. He averaged 14.1 points and 6.1 rebounds in 35 games last season.
Kings Trade Richaun Holmes, Olivier-Maxence Prosper To Mavs
JULY 6: The trade between the Kings and Mavericks is official, according to an announcement from the Mavs (Twitter link). Dallas acquired Holmes into the trade exception created in the Bertans deal, along with the rights to Prosper, in exchange for cash considerations.
JUNE 22: The Kings will trade center Richaun Holmes and the 24th pick to the Mavericks, tweets ESPN’s Adrian Wojnarowski. Marquette’s Olivier-Maxence Prosper was the selection at No. 24.
Holmes is under contract for 2023/24 at $12MM and holds a $12.8MM player option for the following season. Dallas will acquire him using the traded player exception it created earlier in the night by sending Davis Bertans to Oklahoma City.
Holmes, who had been Sacramento’s starting center for two-and-a-half seasons, saw his playing time slip dramatically after the 2022 trade deadline as Domantas Sabonis took over the starting job. Holmes averaged just 3.1 points and 1.9 rebounds in 42 games while playing 8.3 minutes per night.
The Mavericks continue to add frontline depth after landing Duke center Dereck Lively II with the 12th pick. It appears likely that Holmes will have a larger role in Dallas as the team tries to rebuild its supporting cast around Luka Doncic and the expected return of Kyrie Irving.
Prosper was able to raise his draft stock with an impressive showing at the combine and strong showings throughout the workout process. He reportedly held workouts with at least 16 teams.
The Kings’ return in the deal is not yet known, but it will likely be minimal, since Holmes is considered a salary dump. Sacramento now has the ability to create more than $30MM in cap room this offseason.
Bulls Waive Marko Simonovic
The Bulls are waiving center Marko Simonovic, Shams Charania of The Athletic tweets. The move is official, per NBA.com’s transaction log.
The seven-foot Simonovic has only appeared in 16 games over the last two seasons, so the move didn’t come as a surprise.
The 2020 second-round pick signed a multi-year contract in 2021 but his $1,836,096 salary for next season wasn’t guaranteed. Chicago had until Friday to decide whether to give him that full amount, as shown in our list of early salary guarantee dates for 2023/24.
Simonovic played 25 games last season for the G League Windy City Bulls, including 23 starts. He averaged 15.9 points and 9.9 rebounds in 28.3 minutes per game.
Simonovic’s release leaves open a backup center spot behind Nikola Vucevic and Andre Drummond.