Kings’ De’Aaron Fox Discusses Decision To Hold Off On Extension

Kings point guard De’Aaron Fox had the opportunity to sign a three-year, $165MM extension this past offseason, but chose to put off contract talks until the 2025 offseason.

Fox will be eligible for a bigger payday in 2025. His maximum standard extension at that time would be worth a projected $229MM over four years. He could also qualify for a super-max extension worth up to $345MM over five years if he earns an All-NBA spot this season.

While Fox’s decision to bypass an extension this year was considered at least somewhat financially motivated, he also made it clear in an October interview that while he loves playing in Sacramento, he wants to make sure the Kings are committed to “competing at a high level” and “not just fighting for a playoff spot.”

The star guard reiterated that stance in the latest episode of Draymond Green‘s podcast (YouTube link) when the Warriors forward asked him why he decided not to extend his contract this year.

“It has all to do with just the team, the organization,” Fox said (hat tip to RealGM). “Where are we going? I want to make sure that we’re in a position to try to win in the future because that’s ultimately what I want to do. I know I’ll make enough money regardless of where I play or what I do, I’m going to be fine. God forbid, knock on wood, you have a career-ending injury. But aside from that, I feel like I’m continuing to get better as a player every year.

“But for me, it’s: Are we looking like we’re continuing to get better year after year and are we going to be able to compete at a high level? … If we can show that this year, you sign an extension now. If not, obviously I still have another year, but that’s where my mindset is. At some point, will we be able to compete for a championship or really compete at a high level for a long time? That’s where I’m at.

“I love the city. I love being here and I’ve raised my family here. We’ve got the kids’ grandparents here. I would love to be here and retire here. How many people can say they played for one organization for their whole career? I want to be a part of that select few people, but at the end of the day I also want to win.”

After finishing in the lottery in each of Fox’s first five NBA seasons, the Kings won 48 games and snapped a 16-year postseason drought in 2022/23. However, the club was eliminated in the first round of the playoffs and then failed to make it out of the play-in tournament in ’23/24 after winning 46 regular season games.

Sacramento’s front office showed in the offseason that it wasn’t willing to stand pat and hope for internal improvement — the team went out and acquired six-time All-Star DeMar DeRozan via sign-and-trade, awarding him a three-year, $73.7MM contract.

However, the Kings have struggled to string together wins this fall and currently have a 13-14 record, making them the No. 12 seed. They’re 1.5 games back of the No. 10 Lakers for the final play-in spot, though they’re just two games behind the No. 6 Suns for the final guaranteed playoff spot in a congested Western Conference.

There’s an expectation that the Kings will return to the trade market ahead of the February 6 deadline, armed with Kevin Huerter, Trey Lyles, and future draft picks as potential trade chips as they look to further upgrade their roster. While Fox didn’t explicitly call for the front office to continue making moves, his comments to Green suggest he certainly wouldn’t be opposed to it.

“They know I’m going to give all I got, but at the end of the day the organization has also got to give all they got,” Fox said. “That’s where we are right now.”

Fox’s current contract pays him about $34.8MM this season and $37.1MM next season before expiring in 2026. He can’t sign an extension during the current season, but will become extension-eligible again next summer.

Kobe Bufkin To Undergo Season-Ending Shoulder Surgery

Kobe Bufkin will miss the rest of the 2024/25 season, according to the Hawks, who announced today in a press release (Twitter link) that the second-year guard will undergo surgery to address right shoulder instability.

The surgery, which was determined to be the best option for Bufkin after “continued evaluation and additional medical opinions,” will take place on January 7. He’s expected to make a full recovery in time for the start of the 2025/26 season.

The 15th overall pick in the 2023 draft, Bufkin was limited to 17 NBA appearances in his rookie year, having missed a significant chunk of the 2023/24 campaign due to a fractured left thumb and a sprained toe.

He also suited up for 14 games in the G League last season, averaging 23.6 points, 5.9 assists, and 5.4 rebounds in 32.0 minutes per contest for the College Park Skyhawks, with a shooting line of .444/.356/.829.

Bufkin sustained a right shoulder subluxation (ie. a partial dislocation) during a Summer League practice this past July, then suffered the same injury in a practice just before the regular season began. He made his season debut on November 18 and appeared in 10 games this fall, but that shoulder was apparently never 100%, so he and the team have decided to take the surgical route to address it.

The result will be another lost season for Bufkin, who has averaged 5.0 PPG, 2.0 RPG, and 1.6 APG on .374/.220/.654 shooting in 27 total NBA outings (11.9 MPG). Hopefully, the surgery will clear up any lingering issues with the shoulder and allow him to begin his third NBA season fully healthy.

Bufkin is under contract for $4.3MM this season and $4.5MM in 2025/26. The Hawks will have to make a decision by October 31, 2025 on his $6.9MM fourth-year option for the ’26/27 season.

Atlanta will have the ability to apply for a disabled player exception as a result of Bufkin’s season-ending injury. It would be worth half his salary (approximately $2.15MM) and would allow the club to sign a free agent to a rest-of-season contract or to acquire a player on an expiring deal via trade or waiver claim.

Warriors Remain Atop 2024 NBA Franchise Valuations

The Warriors remain the NBA’s most valuable team, according to Kurt Badenhausen of Sportico, who unveiled the website’s updated NBA franchise valuations for 2024 on Wednesday.

Badenhausen projects the Warriors’ value at $9.14 billion, making them one of three teams to surpass the $8 billion mark this year. The Knicks have a projected worth of $8.3 billion, while the Lakers come in at $8.07 billion, per Sportico. Only the NFL’s Dallas Cowboys – at $10.3 billion – have a higher valuation than Golden State among North American sports teams, says Badenhausen.

While Sportico’s figures suggest the Warriors, Knicks, and Lakers are worth significantly more than the fourth-place team (the Nets at $5.7 billion), the average value of an NBA franchise is up to $4.6 billion, with no team worth less than $3 billion.

That average has increased by 15% since Sportico released its 2023 valuations last December and has nearly doubled since the site published its first NBA franchise valuations four years ago, when the average was $2.37 billion.

The NBA’s new $77 billion media rights deal and a 15% increase in team sponsorship are among the factors contributing to the rising valuations of the league’s franchises, according to Badenhausen, who notes that a post-COVID boom in concerts and other major events has been good news for team owners who also control their arenas.

NBA team owners operated 10 of the world’s 20 highest-grossing concert venues in 2024, with the Nets’ Barclays Center coming in at No. 1, says Badenhausen. The Nets’ valuation is up 43% this year, per Sportico, easily the largest year-over-year increase among the 30 NBA franchises.

When Forbes put out its NBA franchise valuations in October, it pegged the average value of a team at $4.4 billion. In the past, we’ve used Forbes as our primary source for NBA franchise valuations, but with Badenhausen making the move from Forbes to Sportico in recent years and the outlet establishing itself as a go-to resource for sports business news, we begun highlighting Sportico’s projections as of 2023.

Of course, it’s worth noting that figures from Sportico, Forbes, or any other media outlet are just estimates and often don’t quite match up with the sale prices for franchises that change hands. But these projections are usually in the right ballpark and remain useful for getting a sense of the league’s most and least valuable teams.

Here’s Sportico’s full list of NBA franchise valuations for 2024:

  1. Golden State Warriors: $9.14 billion
  2. New York Knicks: $8.3 billion
  3. Los Angeles Lakers: $8.07 billion
  4. Brooklyn Nets: $5.7 billion
  5. Los Angeles Clippers: $5.68 billion
  6. Boston Celtics: $5.66 billion
  7. Chicago Bulls: $5.56 billion
  8. Miami Heat: $5 billion
  9. Houston Rockets: $4.77 billion
  10. Toronto Raptors: $4.66 billion
  11. Philadelphia 76ers: $4.57 billion
  12. Dallas Mavericks: $4.46 billion
  13. Phoenix Suns: $4.32 billion
  14. Sacramento Kings: $4.11 billion
  15. Atlanta Hawks: $4.07 billion
  16. Denver Nuggets: $4.06 billion
  17. Washington Wizards: $3.98 billion
  18. Cleveland Cavaliers: $3.95 billion
  19. Milwaukee Bucks: $3.91 billion
  20. San Antonio Spurs: $3.79 billion
  21. Indiana Pacers: $3.74 billion
  22. Utah Jazz: $3.67 billion
  23. Portland Trail Blazers: $3.6 billion
  24. Oklahoma City Thunder: $3.55 billion
  25. Orlando Magic: $3.46 billion
  26. Detroit Pistons: $3.45 billion
  27. Charlotte Hornets: $3.39 billion
  28. Minnesota Timberwolves: $3.29 billion
  29. New Orleans Pelicans: $3.09 billion
  30. Memphis Grizzlies: $3.06 billion

As Badenhausen notes, Sportico’s projections are based on a control sale price, rather than limited stake purchases. No NBA franchise saw its majority control change hands in 2024, but that could change in 2025, with control of the Celtics up for sale.

According to Badenhausen, team executives and investors have predicted a sale price ranging from $4.5 billion to $6.5 billion for the Celtics. The final valuation will be determined by a number of factors, including how many bidders are on the mix, what percentage of the team they can buy, and whether current governor Wyc Grousbeck insists on remaining in that role until 2028, which he has indicated is his goal.

Adam Silver Talks NBA Ratings, Europe, CBA, Las Vegas

Speaking to Joe Vardon and Sam Amick of The Athletic and other media outlets on Tuesday ahead of the NBA Cup championship game, NBA commissioner Adam Silver admitted that the league’s television ratings are “down a bit” this season, but expressed confidence that interest in the league remains strong.

“If you look at other data points, in terms of our business, for example, we’ve just come off the last two years of the highest attendance in the history of this league,” Silver said. “We’re at a point where our social media audience is at the highest of any league and continuing to grow exponentially. So, it’s not a lack of interest in this game.”

Silver pointed out that the NBA isn’t the only league dealing with a decline in traditional television ratings. According to Sports Media Watch, while the ratings for NBA national broadcasts are down 19% compared to the same period last year, men’s college basketball (21%), the NHL (28%), and women’s college basketball (38%) have seen more significant ratings dips. Viewership for college football games has also dropped across all networks this fall, per Sports Media Watch, albeit by single-digit percentages.

“We’re almost at the inflection point where people are watching more programming on streaming than they are in traditional television,” Silver said. “And it’s a reason why for our new television deals, which will enter into next year, every game is going to be available on a streaming service. And as we move to streaming service, putting aside how the actual game is played on the floor, it’s going to allow us from a production standpoint to do all kinds of things that you can’t do through traditional television. All kinds of new functionality, all kinds of new options and screens that are available.”

Some fans and league observers have suggested that a focus on analytics, which has led to a significant increase in three-point shots, has hurt the game’s appeal. According to Vardon and Amick, Silver said moving back the three-point line isn’t something the NBA is seriously considering, but he made it clear the league is having “discussions about the style of basketball” and is open to rule tweaks that wouldn’t drastically change the game.

“It’s not unique to the NBA, where analytics start to be too controlling and create situations where players are doing seemingly unnatural things because they’re being directed to do something that is a more efficient shot,” Silver said. “And part of what we’re focusing on, too, is that what makes these players so incredible is the joy they bring to playing the game and the freestyle notion of the game too.”

Here are a few more highlights from Silver’s media session on Tuesday:

  • Silver confirmed that the NBA and FIBA have been discussing launching a new professional league in Europe. “We’re not ready to make any public announcements. We haven’t made any internal decisions yet, but I do think there continues to be an enormous opportunity to take basketball to another level in Europe,” Silver said, per The Athletic. “I think the quality of the basketball in Europe has been fantastic. Many of our top players, of course, are from Europe, but we think there is more of a commercial and fan opportunity to create something special in Europe.”
  • Responding to NBA team executives who believe the trade rules in the new Collective Bargaining Agreement have had unintended consequences that have made it too challenging to make deals, Silver suggested those consequences were, in fact, intended, according to Tim Reynolds of The Associated Press. “I understand the frustration of some of the general managers because particularly if you go over the apron, we’ve cut down on your flexibility,” Silver said. “But that was the very intent of the second apron and with the goal being to have a better distribution of star talent around the league. And I think we’ve been successful in doing that.”
  • As Reynolds relays, the commissioner pointed to the Bucks (a second apron team) and the Thunder (operating under both aprons) ahead of the NBA Cup final as proof that teams can still succeed using a variety of cap/spending strategies under the new system. “There’s many different ways to win,” Silver said.
  • Asked about whether Las Vegas will continue to host the NBA Cup semifinals and final going forward, Silver acknowledged that some teams have expressed interest in playing those games in their home markets. While the league isn’t shutting the door on that idea, it would make scheduling more complicated, according to the commissioner, who said he likes the job Vegas has done as a host the past two years. “You start to build in tradition, you have a lot of fans who can circle these dates on their calendar and plan to come to Las Vegas, plan a holiday around it,” Silver said. “I think the teams are on both sides. I think they like the idea of winning that opportunity to play at home. But then you’ve got to move tickets very short term. We have some experience doing that in the playoffs, but this is a little bit different.”

Southwest Notes: Kennard, Welts, Mavs, Murray, Spurs

Grizzlies sharpshooter Luke Kennard has seen his playing time decline this season to 19.7 minutes per game, the second-lowest mark of his career, and was a DNP-CD last Friday for the first time in 2024/25.

However, Kennard earned praise from head coach Taylor Jenkins for providing Memphis with excellent minutes off the bench against the Lakers on Sunday. Although the Grizzlies lost the game by six points, Kennard was a +18 in 18 minutes of action, knocking down three 3-pointers.

“I give him a lot of credit,” Jenkins said (Twitter video link via Law Murray of The Athletic). “While the group’s been playing well and he was out of the rotation, he’s been putting in all the work. I thought he gave us a spark. It wasn’t even (just) him knocking down some shots. The way he was moving, he was cutting, he was driving, touching the paint, facilitating — just kind of ignited our offense.”

Among the three Grizzlies players who are on expiring contracts this season, Kennard has the highest cap hit at $9.25MM, so if his role doesn’t increase and Memphis looks to make an in-season move on the trade market, he could emerge as a candidate to be dealt by February 6.

Here’s more from around the Southwest:

  • The Mavericks have hired former Warriors president and Hall of Fame executive Rick Welts as their new CEO, reports Brad Townsend of The Dallas Morning News (subscription required). Welts, who is replacing Cynt Marshall when she retires on December 31, will oversee the Mavs’ business operations, while general manager Nico Harrison continues to oversee the basketball operations, but the two departments will “work closely together whenever possible,” Townsend explains. Both Welts and Harrison will report to Mavs governor Patrick Dumont.
  • Mavericks stars Luka Doncic (left heel contusion) and Kyrie Irving (right shoulder soreness) didn’t participate in practice on Tuesday, but neither injury appears to be a cause for major concern, says Grant Afseth of Dallas Hoops Journal (Substack link).
  • A disastrous season in New Orleans that has seen the Pelicans lose 22 of their first 27 games has been made even worse by the struggles of offseason addition Dejounte Murray, writes William Guillory of The Athletic. The Pelicans gave up a significant trade package to acquire Murray from Atlanta in the hopes of solidifying their point guard position, but through his first 10 games, he has shot just 36.4% from the floor and 28.1% on three-pointers, both far below his career rates. Murray has also averaged a career-high 4.2 turnovers per game.
  • Spurs forward Jeremy Sochan appears to have reclaimed his spot in the team’s starting lineup, writes Tom Orsborn of The San Antonio Express-News (subscription required), which means that rookie Stephon Castle may no longer have a place in the starting five. Castle came off the bench on Sunday for the first time since November 4 and struggled in his new role, scoring just two points on 1-of-8 shooting. San Antonio was outscored by 23 points during his 23 minutes on the court.

Dennis Smith Jr. Signing G League Contract

Free agent point guard Dennis Smith Jr. is signing a G League contract ahead of this week’s Winter Showcase in Orlando, sources tell Jake Fischer (Twitter link).

It’s not yet clear which team Smith will land with, but Marc Stein notes (via Twitter) that the Mexico City Capitanes and Long Island Nets are at the top of the NBAGL’s waiver order, meaning they’ll have first dibs once the veteran guard officially signs his contract. For now, there’s no mention of Smith in the G League’s transaction log.

The ninth overall pick in the 2017 draft, Smith has appeared in a total of 326 regular season games for the Mavericks, Knicks, Pistons, Trail Blazers, Hornets, and Nets over the course of seven NBA seasons. He made 56 appearances last season for Brooklyn, averaging 6.6 points, 3.6 assists, 2.9 rebounds, and 1.2 steals in 18.9 minutes per game, with a shooting line of .435/.294/.741.

Smith isn’t much of a scorer or shooter, with career marks of 40.7% from the floor and 29.8% on three-pointers. However, he’s a solid ball-handler and distributor and an above-average point-of-attack defender.

The 27-year-old will be looking to show executives and scouts in Orlando that he deserves another shot in the NBA. The G League’s Winter Showcase tips off on Thursday and runs through Sunday, with each team playing at least two games.

Big man Frank Kaminsky and point guard Devonte’ Graham are among the other NBA veterans who have recently signed G League contracts in the hopes of making an impression at the Winter Showcase.

The Bucks Players Who Benefited Most From NBA Cup Prize Money

The Bucks‘ team salary this season is approximately $193MM, which is over the second tax apron and far exceeds the $160.4MM on the Thunder‘s books.

However, only two players on Oklahoma City’s roster are on minimum-salary contracts and just three of 15 Thunder players on standard deals are earning less than $3MM this season. By comparison, Milwaukee has eight players with salaries below $3MM, plus a ninth earning just a hair above $3MM. Seven of those nine players are earning their respective minimums.

While the $514,970 bonus for winning the NBA Cup may be a drop in the bucket for maximum-salary Bucks stars Giannis Antetokounmpo and Damian Lillard, it represents a significant pay raise for the players on the lower two-thirds of Milwaukee’s cap sheet, as well as the players on two-way contracts who will receive bonuses worth $257,485 apiece.

[RELATED: Details On NBA Cup Prize Money For 2024]

The NBA Cup prize money results in at least a 17% raise for each of the following Bucks players, whose 2024/25 salaries are noted in parentheses:

Players receiving a $514,970 bonus:

Players receiving a $257,485 bonus:

The bonuses for Smith and the Bucks’ two-way players represent a raise of roughly 44.5% on their respective base salaries.

None of this prize money will count against the salary cap, so the Bucks’ team salary for cap, tax, and apron purposes remains unchanged, as do the team salaries for Oklahoma City and the other six clubs who made the knockout round of the IST. Their prize money is as follows:

  • Oklahoma City Thunder: $205,988 per player ($102,994 for two-way players)
  • Atlanta Hawks and Houston Rockets: $102,994 per player ($51,497 for two-ways)
  • Dallas Mavericks, Golden State Warriors, New York Knicks, and Orlando Magic: $51,497 per player ($25,749 for two-ways)

Giannis Antetokounmpo Named 2024 NBA Cup MVP

Bucks star Giannis Antetokounmpo was named the Most Valuable Player of the 2024 NBA Cup on Tuesday night after leading Milwaukee to a 97-81 victory over the Thunder in the championship game in Las Vegas (Twitter links).

Antetokounmpo was selected as the MVP by all 20 media members who voted on the award and also received three of the five fan votes (Thunder guard Shai Gilgeous-Alexander got the remaining two).

The two-time regular season MVP guided the Bucks to victory on Tuesday with a 26-point, 19-rebound, 10-assist triple-double. He also added three blocked shots and a pair of steals.

“I mean it’s… I could try but you know, I’ll just keep it simple: He’s the best player in the world,” Bucks center Brook Lopez told Jim Owczarski of The Milwaukee Journal Sentinel after the game in trying to describe Giannis’ play. “He just keeps finding ways to get better in the offseason, in-season, every day, every game, it’s just so impressive.”

The MVP award is based on Antetokounmpo’s performance over the entire NBA Cup, including group play and the previous knockout round games. He averaged 30.5 PPG, 10.2 RPG, 7.7 APG, and 2.8 BPG across six NBA Cup contests as the Bucks went undefeated (7-0) in the in-season tournament.

As Owczarski notes, Antetokunmpo and last year’s in-season tournament Most Valuable Player LeBron James are now the two players in league history who have won MVP awards for the regular season, NBA Finals, All-Star Game, and NBA Cup.

While the NBA Cup championship game doesn’t count toward the Bucks’ regular season record or toward Antetokounmpo’s regular season stats, Tuesday’s win served as an exclamation point on the team’s early season turnaround — Milwaukee has won 13 of 16 games (including the NBA Cup final) since opening the season with a 2-8 record.

Antetokounmpo, meanwhile, is making a strong case for his third regular season MVP award. His 32.7 points per game lead the NBA and he’s also in the top five in rebounds per game (11.5) and field goal percentage (61.4%).

Northwest Notes: Grant, Kessler, Collins, Williams, Strawther, Braun

The Trail Blazers figure to be one of the more active teams in the trade market and Sean Highkin of the Rose Garden Report lists a handful of players who could be moved if the right offer comes along. That group includes Jerami Grant, Deandre Ayton, Anfernee Simons, Matisse Thybulle and Robert Williams.

Grant may be at the top of that list, according to Highkin — there’s a market for the productive veteran forward and there will never be a better time for the Blazers to move him. Rival teams are indicating that two first-rounders is more than they’re willing to give up for Grant, but that could change by the deadline. Grant had a 32-point game against San Antonio on Friday.

We have more from the Northwest Division:

  • Walker Kessler and John Collins have been bright spots in an otherwise disappointing start to the season for the Jazz, Tony Jones of The Athletic writes. However, lottery pick Cody Williams‘ struggles during his rookie year raise some concerns. Williams got rotation minutes early in the season but has spent the last few weeks working on his game in the G League.
  • The Nuggets would like Julian Strawther to fire away, Bennett Durando of the Denver Post writes. Coach Michael Malone wants to see Strawther put up more three-point shots. “It gives us a boost. It gives us a guy off the bench that you can play through and run plays for,” Malone said. “His catch-and-shoot ability, the three-point line. … He’s taking four a game at a really healthy clip. Let’s get that number up to six, six-and-a-half threes per game.” Strawther, who has scored in double figures four straight games, has made 39% of his threes on 3.4 attempts per game.
  • Nuggets guard Christian Braun missed his first game since the 2023 Western Conference Finals, Durando tweets. Braun sat out Monday’s game against the Kings due to a lower back strain. Braun is averaging 15.0 points a game in his first season as a full-time starter.

Nuggets Show Significant Interest In Zach LaVine

The Nuggets have interest in making a deal for Bulls wing Zach LaVine, The Athletic’s Sam Amick and Tony Jones report.

Denver is active in the market for an offensive upgrade at the wing position to ease some of the burden off Nikola Jokic. Despite a history of injury issues, LaVine would certainly fit that bill. He’s averaging 21.7 points and 4.2 assists per game this season and holds career shooting percentages of 46.6% from the field and 38.4% on three-pointers.

LaVine is also on a sizable contract —  $43MM this season, $45.9MM next season and a $48.9MM player option for 2026/27.

LaVine isn’t the only player the Nuggets are looking at. They have also expressed interest or have had preliminary trade discussions regarding Jordan Poole, Jordan Clarkson, De’Andre Hunter, Cameron Johnson and Jonas Valanciunas, per The Athletic. Brandon Ingram, currently sidelined by an ankle injury, is on the Nuggets’ radar too, SNY TV’s Ian Begley tweets.

However, league sources tell Amick and Jones that Denver’s focus on LaVine in recent talks has been “significant.”

Any big trade Denver might make would likely involve Michael Porter Jr., according to The Athletic duo. Porter is making $35.8MM this season, $38.3MM next season and $40.8MM in 2026/27.

Porter is off to a strong start statistically, averaging 18.5 points, 7.1 rebounds and 2.8 assists per contest. He’s shooting 51.2% overall and 38.5% on three-point attempts.

So why is Denver willing to part with him? The Nuggets are seeking help in the form of someone who is able to create offense. Jokić and Jamal Murray are the only players on the roster who are consistently capable of creating their own shots, The Athletic notes.

Little-used forward Zeke Nnaji, a 2020 first-round pick, is also available. He’s signed through the 2027/28 season on a four-year, $32MM deal that includes a player option.