Rookie Scale Option Decisions Due On Thursday
The NBA’s transaction wire has been pretty quiet since the regular season got underway on Tuesday, but we can still expect one last flurry of moves in October. The deadline for teams to exercise their 2025/26 team options on rookie scale contracts arrives on Thursday (October 31), and several of those decisions have yet to be reported or announced.
Unlike player or team options on veteran contracts, third- and fourth-year options on rookie scale contracts for former first-round picks must be exercised a year in advance. For instance, when the Thunder picked up Chet Holmgren‘s fourth-year option on Wednesday, they were locking in his salary for the 2025/26 season — his ’24/25 salary became guaranteed last October when the team exercised his third-year option.
As our tracker shows, 35 options have been picked up so far, but a number of teams still have decisions to make on players who were first-round picks in 2022 and 2023. Some of those remaining option decisions are no-brainers — the Hornets haven’t yet exercised Brandon Miller‘s $11.97MM option for 2025/26, but there’s no doubt they’ll do so.
Other decisions are less cut-and-dried. For example, the Bucks must decide whether they want to pick up MarJon Beauchamp‘s $4.78MM fourth-year option for ’25/26. Given Milwaukee’s position relative to the luxury tax line and the fact that Beauchamp has yet to secure a regular rotation spot, the Bucks may not want to lock in that cap hit.
Here’s the list of the 23 option decisions that have yet to be officially finalized:
Atlanta Hawks
- Dyson Daniels (fourth year, $7,707,709)
- David Roddy (fourth year, $4,831,766)
- Kobe Bufkin (third year, $4,503,720)
Brooklyn Nets
- Noah Clowney (third year, $3,398,640)
- Dariq Whitehead (third year, $3,262,560)
Charlotte Hornets
- Brandon Miller (third year, $11,968,800)
- Mark Williams (fourth year, $6,276,531)
- Nick Smith Jr. (third year, $2,710,680)
Detroit Pistons
- Wendell Moore (fourth year, $4,574,283)
Golden State Warriors
- Brandin Podziemski (third year, $3,687,960)
Houston Rockets
- Jabari Smith (fourth year, $12,350,392)
- Amen Thompson (third year, $9,690,600)
- Tari Eason (fourth year, $5,675,766)
- Cam Whitmore (third year, $3,539,760)
Los Angeles Clippers
- Kobe Brown (third year, $2,654,880)
Los Angeles Lakers
- Jalen Hood-Schifino (third year, $4,064,640)
Memphis Grizzlies
- Jake LaRavia (third year, $5,163,127)
Milwaukee Bucks
- MarJon Beauchamp (fourth year, $4,781,276)
Toronto Raptors
- Ochai Agbaji (fourth year, $6,383,525)
- Gradey Dick (third year, $4,990,560)
Washington Wizards
- Bilal Coulibaly (third year, $7,275,600)
- Johnny Davis (fourth year, $6,746,229)
- Patrick Baldwin (fourth year, $4,420,156)
Southeast Notes: Butler, Richardson, Coulibaly, Carter
After struggling mightily in the Heat‘s home-opening loss to Orlando, star forward Jimmy Butler bounced back with a strong performance in Saturday’s victory over Charlotte, writes Anthony Chiang of The Miami Herald.
Butler had one of his worst games in a Heat uniform vs. the Magic, only scoring three points to go along with four rebounds and five assists in 26 minutes. On Saturday, the 35-year-old’s production was closer to his typical norm, as he put up 26 points, eight rebounds and eight assists in 37 minutes.
“Honestly, just doing all of that and it resulting in a win,” Butler said when asked about his big night. “That’s the reason that we all play the game. I’m just happy to get one in the win column.”
The six-time All-Star could be a free agent next summer if he declines his $52.4MM player option for 2025/26. Chiang recently reported that Butler would likely decline a maximum-salary extension even if he were offered it, but there’s no indication at this point that he plans to leave Miami.
Here are a few more notes from around the Southeast:
- Heat swingman Josh Richardson, who underwent shoulder surgery in March, is close to making his season debut, Chiang notes in the same story. Richardson was sidelined for training camp and preseason as he recovered from the surgery, and has been dealing with heel inflammation after he was medically cleared to resume practicing. Richardson was upgraded to questionable for Saturday’s contest and warmed up before being ruled out, Chiang adds. “He’s making progress,” head coach Erik Spoelstra said of Richardson on Saturday morning. “So I’m encouraged by it. I know he is, as well. Don’t have a specific date, but he’s practicing and he’s doing everything right now.” Richardson, 31, will be an unrestricted free agent in 2025.
- The Wizards dropped to 0-2 after Saturday’s loss to Cleveland, but French wing Bilal Coulibaly continues to show encouraging signs of progress in his second season, per Varun Shankar of The Washington Post (subscriber link). After dishing out a career-high six assists in Thursday’s opener vs. Boston, the 2023 lottery pick scored a career-high 23 points vs. the Cavs, going 9-of-16 from the field, including 4-of-9 from long distance.
- Seventh-year center Wendell Carter Jr. displayed in the team’s season-opening victory in Miami why the Magic gave him a three-year extension, according to Jason Beede of The Orlando Sentinel. The Magic were plus-32 in Carter’s 27 minutes during the 19-point win, with the 25-year-old big man recording eight points, 14 rebounds, two assists and two steals. Carter is averaging a career-best 11.7 RPG through three games for the 2-1 Magic.
And-Ones: Franchise Valuations, Breakout Candidates, Bitim, More
Forbes has released its NBA franchise valuations for 2024, and according to Justin Teitelbaum and Brett Knight, the Warriors are the league’s most valuable team for a third straight season, with an estimated valuation of a whopping $8.8 billion. The Knicks ($7.5 billion), Lakers ($7.1 billion), Celtics ($6 billion), and Clippers ($5.5 billion) round out Forbes’ top five.
As Teitelbaum and Knight detail, franchise valuations are up 15% as a whole from last year’s estimates, with an average of $4.4 billion for the league’s 30 teams. Forbes projects that none of those 30 clubs would sell for less than $3 billion if it were put on the market today, with the No. 30 Grizzlies coming in at a valuation of exactly $3 billion.
According to Forbes, new and renovated arenas – which have led to an increase in local revenue via premium seating and sponsorship revenue – have helped spur growth across the league. Teitelbaum and Knight suggest that the Warriors’ total revenue during the 2023/24 season reached $800MM.
Here are more odds and ends from around the basketball world:
- John Hollinger of The Athletic published an 11-player list of prime breakout candidates on Friday, naming Hawks guard Dyson Daniels, Raptors forward RJ Barrett, Hornets guard Tre Mann, and Rockets jack-of-all-trades Amen Thompson as a few of the players he believes are poised for big seasons.
- Relaying reporting out of Turkey, Dario Skerletic of Sportando writes that forward Onuralp Bitim is believed to be drawing interest from Anadolu Efes in the EuroLeague after being waived by the Bulls last week. Bitim made his basketball debut with Anadolu Efes earlier in his career and also spent time with multiple other clubs in his native country of Turkey before signing a two-way contract with Chicago in the summer of 2023. He averaged 3.5 PPG and 1.4 RPG in 23 NBA games (11.7 MPG) last season.
- Grizzlies center Zach Edey sits atop the rookie power rankings published by Jeremy Woo of ESPN (Insider link). Woo’s list, which ranks players based on their potential to make an immediate impact in 2024/25, also has Rockets guard Reed Sheppard, Hawks forward Zaccharie Risacher, Spurs guard Stephon Castle, and Wizards big man Alex Sarr in the top five.
- Ben Golliver of The Washington Post takes a look at the new court designs for this season’s NBA in-season tournament and explains why last season’s issue with slippery surfaces shouldn’t be a problem this time around.
Southeast Notes: Bufkin, Wizards, Carrington, Magic, Heat
Hawks second-year guard Kobe Bufkin suffered a partially dislocated right shoulder during a practice, the team announced Thursday in a press release. It’s the second time Bufkin has dislocated his shoulder in the last six months — he previously suffered the same injury ahead of Las Vegas Summer League in July.
Bufkin has had a rough go with injuries over the course of his young career. He was limited to just 17 games in his rookie season in 2023/24 after dealing with a fractured thumb and sprained toe. He averaged 4.8 points in 11.5 minutes per contest in his healthy appearances.
According to the Hawks’ release, Bufkin and the team are determining treatment options and an update will be provided at a later date. He’s likely to miss at least a few weeks. In the wake of his injury, guard Dyson Daniels will continue to get expanded opportunities.
In addition to not having Bufkin for Friday’s game, the Hawks are also listing Bogdan Bogdanovic as out with right hamstring tendinopathy, according to Lauren Williams of The Atlanta Journal-Constitution.
We have more from the Southeast Division:
- The Wizards are once again expected to finish toward the bottom of the Eastern Conference standings this season, but The Athletic’s Josh Robbins observes that there’s now a sense of purpose in the rebuild. With younger players like Bilal Coulibaly and Corey Kispert under contract for the foreseeable future, and 2024 draft picks Alex Sarr, Carlton Carrington and Kyshawn George in the building, the Wizards have a sound core. “When I first came here, there really wasn’t infrastructure,” said forward Kyle Kuzma. “Everything was on the fly, you know? [Now, there’s] much more of a sense of purpose in that department.” In a similar story, The Washington Post’s Varun Shankar writes that 2023 hires Michael Winger (president of Monumental Basketball) and Will Dawkins (general manager) have been crucial in this process. Shankar also explores potential steps forward and considers which players could be on the move this year.
- Sarr, this year’s No. 2 overall pick, made his NBA debut on Thursday against the Celtics. He finished with two points, five rebounds and two blocks. Carrington started the game next to Jordan Poole at the guard spot, while George played off the bench. According to Wizards PR (Twitter link), the team’s opening-night starting lineup (Sarr, Poole, Carrington, Coulibaly, and Kuzma) was the youngest in franchise history.
- Carrington landed awkwardly following a layup attempt in the fourth quarter of the season-opening loss to Boston, Robbins observes (Twitter link). He was down for a while before limping off the court to the Wizards’ locker room. The rookie guard finished his NBA debut with three points, two assists and two blocks.
- The Magic defeated the Heat in dominant fashion in their season opener, leading by as many as 32 points, with forward Paolo Banchero pouring in 33. According to Jason Beede of the Orlando Sentinel, the team’s three-point focus and depth were key takeaways, while Gary Harris‘s dominance from beyond the arc (he made six of his nine three-point attempts for 18 points) is something to note. “It sets the tone for what the standard is with this team,” Banchero said. “Everyone was telling each other this was a hell of a game setting the tone but this is setting the tone for how we’ve got to be every night.“
- On the other side of the court, the 116-97 home loss to the Magic was a crushing blow to open the season for a Heat team that was enthusiastic about its new offensive system in the preseason. As Barry Jackson of the Miami Herald writes, Jimmy Butler and Bam Adebayo combined for just 12 points on 15.4% shooting in the loss. “Offensively, we have to trust some of the things that we’ve been working on in the preseason,” Heat coach Erik Spoelstra said. “It has looked a lot different than this. But obviously that’s a very good defense. That’s a top-five defense. They’re very active, long. So you have to trust what we do even more.“
Wizards Notes: Arena, Kispert, Carrington, Injury Report
Muriel Bowser, the mayor of Washington, D.C., has put forth a proposal for the city to buy Capital One Arena from Monumental Sports, the Wizards‘ parent company, according to Michael Brice-Saddler and Sam Fortier of The Washington Post.
The plan proposes the city buy the arena for $87.5MM, with that money coming out of a $515MM fund that city council approved earlier this year for renovations and expansions to the building. The idea would be to lease the arena back to the Wizards, with that lease extending through at least 2050.
D.C. already owns the land under Capital One Arena, Brice-Saddler and Fortier write, and if Monumental maintains control of the building, Ted Leonsis‘ company would be required to pay hundreds of millions of dollars in taxes back to city on the money it receives for arena renovations, which are projected to cost $800MM in total (with at least $285MM being contributed by Monumental). That wouldn’t be the case if the arena is sold to the city.
“This is the deal that was always contemplated when Mayor Bowser and the D.C. Council approved a $515 million improvement in Capital One Arena,” deputy mayor for planning and economic development Nina Albert said in a statement. “This is the best structure to effectuate that; it is what enables an efficient use of public money to be fully reinvested in this project.”
Here’s more on the Wizards:
- Wizards sharpshooter Corey Kispert said on Tuesday that he felt a “huge sense of relief” after finalizing a four-year, $54MM contract extension with the team ahead of Monday’s deadline, per Josh Robbins of The Athletic (Twitter link). “I’m excited to get the deal done and secure the future for my family and play for this organization and ultimately now just really focus on the season,” Kispert said. “I tried to think that I was focused here anyways, but the amount of relief that I felt afterwards made me realize that subconsciously it was weighing on me. So I’m happy that’s out of the way now and I can play.”
- Four rival talent evaluators who spoke to The Athletic were “almost universally optimistic” about rookie guard Carlton Carrington‘s long-term outlook, according to Robbins. One of those four scouts expressed confidence that Carrington can become one of the better players from this year’s draft, while another went even further. “I think he’s the best young prospect on the Wizards,” the second scout said. “I think he has a chance to be the best point guard in this previous draft class, and if he’s a 10-year NBA starter, it’s not going to shock me.”
- With the exception of Malcolm Brogdon (thumb) and Saddiq Bey (ACL), the Wizards’ entire roster is expected to be healthy for the team’s regular season opener on Thursday vs. Boston, head coach Brian Keefe said this week (Twitter link via Robbins). That means Alex Sarr (calf) and Bilal Coulibaly (finger) should be good to go after missing Washington’s last two preseason games.
Extension Notes: Kuminga, Kispert, Johnson, Gordon, Bridges
Although the Warriors think Jonathan Kuminga has All-Star potential, they weren’t willing to sign him at this time to the kind of long-term rookie scale extension he was seeking without a more concrete belief that he’ll reach that level, writes Monte Poole of NBC Bay Area.
[RELATED: No Extension For Jonathan Kuminga, Warriors]
As Poole explains, no one on Golden State’s roster besides Stephen Curry is making $30MM+ per year and Kuminga was seeking a deal that was worth “well beyond that amount.” While the Warriors aren’t opposed to making that sort of commitment to the fourth-year forward, they want to see more from him this season before signing off on such a significant contract.
“He took a leap last season,” one source told Poole. “They want to see another one before they make that investment. He’s still under their control. If Kuminga has a strong season, I know they’ll take care of him.”
Without a rookie scale extension in place, Kuminga will be a restricted free agent in 2025, giving the Warriors the right to match any offer sheet he signs with a new team.
Here are a few more notes from around the NBA on the contract extensions that did and didn’t get done on Monday:
- Fred Katz of The Athletic (Twitter link) provides the year-by-year breakdown of Corey Kispert‘s four-year, $54MM+ extension with the Wizards, which will be worth $13.975MM in each of the first two years, then $13.05MM in years three and four. As previously reported, the final year is a team option.
- Jalen Johnson‘s five-year, $150MM extension with the Hawks will have a flat structure, with $30MM annual cap hits, tweets Michael Scotto of HoopsHype.
- As part of his extension with the Nuggets, Aaron Gordon picked up his $22.84MM option for 2025/26 rather than turning it down and getting a 40% raise (to $31.98MM) for that season. The Nuggets will be subject to the repeater tax and increasing tax rates next season, so the structure of the deal will allow them to save a projected $60MM in tax penalties for ’25/26, according to ESPN’s Bobby Marks (Twitter link).
- Tony Jones and Sam Amick of The Athletic take a closer look at the impact of the Gordon extension, with Nuggets general manager Calvin Booth weighing in on why the team felt the need to get a deal done: “In many ways, Aaron is the heart and soul of the team. He does a lot of things on the floor that makes us go. The guys rally around him in the locker room, and now with this agreement, we can move forward as a unit. We are built as a team to go deep into the playoffs.”
- The Knicks made the best extension offer they could to Mikal Bridges prior to Monday’s deadline, according to James L. Edwards III of The Athletic (Twitter link). However, New York was capped at approximately $61MM over two years due to extend-and-trade restrictions, whereas the team will be able to offer about $156MM over four years next offseason, so Bridges was always expected to hold off on a new deal.
- Bobby Marks of ESPN (Insider link) takes a look at what’s next for some of the top players who didn’t sign rookie scale extensions by Monday’s deadline, including Kuminga and Bulls guard Josh Giddey, as well as highlighting a few of the notable veterans who remain eligible to sign extensions during the season, like Timberwolves center Rudy Gobert and Pelicans forward Brandon Ingram.
Wizards Re-Sign Jared Butler On Two-Way Deal, Waive Dennis
10:42pm: Butler has officially signed his two-way deal, according to the NBA transactions log.
6:21pm: The Wizards are bringing back free agent guard Jared Butler on a two-way deal, Marc Stein tweets.
Butler was on a standard contract with Washington entering training camp but was cut on Saturday. He cleared waivers on Monday.
It’s not surprising that Butler was brought back by the Wizards, who reportedly explored ways to keep Butler on the 15-man roster. He was on a non-guaranteed contract and the team was already carrying 15 players on fully guaranteed deals. It’s entirely possible Butler will wind up signing another standard contract at some point this season.
To make room for Butler, the Wizards waived guard RayJ Dennis, according to the NBA transactions log.
The 40th overall pick in the 2021 draft, Butler spent time with Utah and Oklahoma City before playing for the Wizards in 2023/24. He was on a two-way contract for most of the season before being converted to a multiyear standard contract in April.
Butler appeared in a total of 40 NBA games last season, averaging 6.3 points, 3.2 assists, and 1.5 rebounds in 14.2 minutes per night, with a .488 FG%. He also had a strong preseason this month, with averages of 6.8 PPG and 4.2 APG on .536/.400/.667 shooting in five games (14.3 MPG).
Dennis was just signed to a two-way contract over the weekend. The undrafted Baylor guard averaged 13.6 points, 6.7 assists, and 3.9 rebounds in 34.3 minutes per game across 35 contests last season (all starts).
The Wizards opted to retain Justin Champagnie and Tristan Vukcevic with their other two-way deals.
Wizards Sign Corey Kispert To Four-Year Extension
5:16pm: Kispert’s extension is official, the Wizards announced in a press release.
“Corey is someone who positively impacts our environment daily. He consistently shows up for the organization as both a player and a teammate, embodying the passion and professionalism we value,” Dawkins said in a statement. “We are excited that he has the opportunity to continue his growth and development in Washington. He’s a relentless worker who has added to his game each season. We look forward to his further evolution in the coming years.”
3:53pm: The Wizards are signing swingman Corey Kispert to a four-year, $54MM rookie scale extension, agents Mark Bartelstein and Andy Shiffman tell Marc Stein (Twitter link).
The deal will include a team option on the fourth year, according to Josh Robbins of The Athletic (Twitter link).
Kispert, 25, has been a regular part of Washington’s rotation since being selected out of Gonzaga with the 15th overall pick in the 2021 draft. He averaged a career-high 13.4 points per game last season while also chipping in 2.8 rebounds and 2.0 assists in 25.8 minutes per night across 80 outings (22 starts).
Kispert’s calling card is his ability to knock down outside shots. Over the past two seasons, he has converted 40.2% of 5.6 three-point attempts per contest, making him a valuable floor-spacer.
Since Kispert was drafted by the Wizards’ previous front office, it wasn’t clear leading up to Monday’s extension deadline whether the current decision-makers would value him highly enough to sign him to a long-term deal.
However, president Michael Winger and general manager Will Dawkins showed last fall in extending Deni Avdija that they’re willing to lock up young talent if the price is reasonable, even if that player was a carryover from the previous regime and isn’t necessarily a lock to be in the team’s long-term plans — Avdija was traded this July.
It’s possible Kispert could eventually emerge as a trade candidate too for the rebuilding Wizards, though moving him in 2024/25 would be tricky due to the poison pill provision.
A full four-year mid-level exception contract in 2025 is projected to be worth just over $60MM, so Kispert’s contract will come in a little below that figure.
Wizards Waive Jared Butler
The Wizards have waived guard Jared Butler, according to a press release from the club. Michael Scotto of HoopsHype first reported (via Twitter) that Butler was being cut by Washington.
The 40th overall pick in the 2021 draft, Butler spent time with Utah and Oklahoma City before playing for the Wizards in 2023/24. He was on a two-way contract for most of the season before being converted to a multiyear standard contract in April.
Butler appeared in a total of 40 NBA games last season, averaging 6.3 points, 3.2 assists, and 1.5 rebounds in 14.2 minutes per night, with a .488 FG%. He also had a strong preseason this month, with averages of 6.8 PPG and 4.2 APG on .536/.400/.667 shooting in five games (14.3 MPG).
Reporting leading up to the roster cut-down deadline indicated that the Wizards wanted to find a way to keep Butler, but he was on a non-guaranteed contract and the team is carrying 15 players on fully guaranteed deals. Hanging onto Butler would’ve meant trading or waiving a player with a guaranteed salary.
The front office explored the market to try to find a trade involving a player like Johnny Davis or Patrick Baldwin Jr., tweets Keith Smith of Spotrac, but wasn’t willing to give up a draft pick to move off either player or to eat money this early in the season by cutting one of them. That made Butler the victim of the roster crunch in D.C.
Butler is a candidate to be claimed on waivers, but if he becomes a free agent, he could return to the Wizards on a two-way contract. He’ll likely draw interest from other teams as a two-way target too.
Wizards Waive Butler, Funk, Gueye
The Wizards have requested waivers on center John Butler Jr., forward Taylor Funk, and forward Mouhamadou Gueye, according to RealGM’s transaction log.
Butler, Funk, and Gueye were on non-guaranteed Exhibit 10 contracts and are now candidates to report to the Capital City Go-Go. Washington’s G League affiliate controls the returning rights for all three players, who would earn bonuses worth $77.5K apiece if they spend at least 60 days with the Go-Go.
Butler, 21, started last season on a two-way contract with the Wizards, but was waived in early December. He joined Capital City, where he averaged 6.7 points and 3.2 rebounds in 33 regular season games. Butler has previous NBA experience with Portland, appearing in 19 games during the 2022/23 season, and he was a member of the USA’s 3×3 U23 Men’s National Team that competed in Mongolia this summer.
Funk, 26, also played for the Go-Go last season after being acquired in a December trade with the Maine Celtics. He signed an Exhibit 10 deal with Boston last September, but was waived before the start of training camp. Funk averaged 9.4 points and 3.1 rebounds in 34 regular season games with Capital City.
Gueye, who went undrafted out of Pitt in 2022, saw his first NBA action last season after joining the Raptors on a 10-day deal in February and a two-way contract in March. The 26-year-old appeared in 11 games down the stretch for Toronto, averaging 2.4 points, 2.1 rebounds, and 1.6 blocks in 10.9 minutes per contest. In 39 Showcase Cup and regular season outings for the Raptors 905 – Toronto’s G League affiliate – he averaged 14.2 PPG, 7.9 RPG, and 2.6 BPG in 31.0 MPG, making 56.1% of his shots from the floor but just 49.5% of his free throw tries.
Washington is now carrying 19 players, including 15 on guaranteed contracts and three on two-way deals. Jared Butler has a non-guaranteed salary, but the Wizards would reportedly like to keep him — to do so, they’ll have to either trade or waive a player from their 15-man roster or cut him and attempt to re-sign him to a two-way contract. The latter route is riskier since another team could claim him off waivers.