Additions: G Troy Brown Jr., F Jeff Green, C Dwight Howard, G Austin Rivers
The trades for Austin Rivers marks the marquee offseason splash.
Departures: G Tim Frazier, C Marcin Gortat, G Ty Lawson, F Mike Scott, F Chris McCullough, G Ramon Sessions
Veteran C Marcin Gortat was sent to the Los Angeles Clippers in the Austin Rivers trade.
* 2nd Round Pick G Issuf Sanon will remain overseas for the 2018-2019 season. Washington will retain his draft rights.
The Wizards have 14 players under contract for the upcoming season. They will need to sign an additional player using the minimum salary exception.
Look for the Wizards to consider replacing Chris McCullough with a different type of big. Washington came in 21st in the NBA in three-pointers made (808), so they could move in the direction of lefty veteran F Luke Babbitt, who is a career 40% 3-point shooter.
Salary Cap Status:
The Wizards currently have 14 players under contract. They are on the books for $134.9M in salaries in 2018-2019, which puts them $32.9M above the cap, $11.1M above the luxury tax, and $5.0M above the tax apron.
The Wizards used all of their $5.337M taxpayer MLE to sign Dwight Howard.
Training Camp Status:
Every NBA team can carry up to 5 additional players on their roster for offseason training camp, bringing the roster total up to 20. The Wizards currently have 3 remaining open spots for training camp plus the aforementioned one open roster spot for the season.
G/F Devin Robinson (15) will be at training camp as a Two-Way player. G Chasson Randle (16) is the first to officially sign a training camp deal with the Wizards.
G Chris Chiozza, F Alan Herndon, and F/C Doral Moore could join from the Wizards’ 2018 Summer League team.
Expect the Wizards to resign Devin Robinson to another Two-Way contract or even sign him to the 15th roster spot. If he joins as a Two-Way player in 2018-2019, the Wizards will have one open Two-Way spot. If he joins as the 15th player on the roster, the Wizards will have two open Two-Way spots.
2019 Draft Notes:
The Wizards have the following picks for 2019:
Washington’s 1st Round Pick
Atlanta’s 2nd Round (Protected 31-55)
The Wizards’ own 2019 2nd Round Pick will go to either Denver or Charlotte. Denver will take the better of their own 2nd Round Pick (Protected 31-55) or Washington’s own 2nd Round Pick. Charlotte will take the worse of the two. If the pick falls outside of the Denver protection (pick would stand between 56-60), it will convey to Milwaukee. In turn, Charlotte will receive the Washington 2nd Round Pick.
Additions: G Marco Belinelli, F Dante Cunningham, G DeMar DeRozan, G Lonnie Walker IV, C Jakob Poeltl
The most noteworthy move involved the trade that sent Kawhi Leonard and Danny Green to Toronto for DeMar DeRozan and Jakob Poeltl.
Departures: G Danny Green, C Joffrey Lauvergne, F Kawhi Leonard, G Tony Parker, G Brandon Paul
Aside from the Toronto trade, Tony Parker is leaving to join former Spurs assistant coach James Borrego in Charlotte.
Current Roster/Depth Chart:
G Brandon Paul had an 8/1 guarantee date. His $1,378,000 is now off the books for 2018–2019, which also frees us a roster spot.
Manu Ginobili has to decide if he is returning for his 17th season in the NBA, all with the Spurs. ESPN’s Michael C. Wright indicated on the Lowe Post Show that all signs point to this happening.
The Spurs are now down to 14 roster players, assuming Ginobili comes back. For the 15th and final roster spot, I like veteran PG Jarrett Jack or SG/SF Corey Brewer on veteran’s minimum deals. Brewer posted 10.1 ppg, 3.4 rpg, 2.1 spg on a 44% 2PT, 34%3PT, and 80% FT clip in 18 games with OKC Thunder last season.
Salary Cap Status:
The Spurs currently have 14 players under contract (including Ginobili and Paul). They are on the books for $117.3M in salaries in 2018–2019, which puts them $15.4M above the cap and $6.5M beneath the luxury tax.
The Spurs used all but $154 of the Non-Taxpayer MLE ($8.64M) on Belinelli and Cunningham. They are restricted to using the minimum salary exception for signings now. Those contracts can be for up to two-years and are available to every team despite their salary cap standing.
Training Camp Status:
Every NBA team can carry up to 5 additional players on their roster for offseason training camp, bringing the roster total up to 20. The Spurs currently have not inked any players to training camp deals.
Expect C Amida Brimah (Austin Spurs) and F Jaron Blossomgame (2017 SAS 2nd round pick) to both come over from the 2018 Spurs Summer League team from Las Vegas. Trey McKinney-Jones, who posted 7.6 ppg, 2.8 rpg, and 1.4 spg in 2018 Summer League, could also be present for training camp. He had a 10-Day call up with the Indiana Pacers this past season.
The Spurs extended G Darrun Hilliard his $77,250 qualifying offer to bring him back for a second season as a Two-Way player. He has until October to accept. If he does, the Spurs will have one remaining two-way contract. 2018 2nd round pick C Chimezie Metu could be a prime candidate for that spot, as the Spurs are in need of athletic, young, defensive bigs down low alongside veterans Pau Gasol, LaMarcus Aldridge, and Dante Cunningham.
F Matt Costello is not expected to be back, after he didn't receive a QO from the Spurs and didn’t play for the Spurs in 2018 Summer League.
If the Raptors finish in the upper 1/3 of the league and earn picks 21-30, the Spurs will receive that pick for the 2019 NBA draft. If they finish anywhere beneath that (picks 1-20), the Raptors will retain the pick and it will convey as two future 2nd round picks (2020 and 2023).
The Spurs current have their 2019 1st Round Pick and 2019 2nd Round Pick.
The Atlanta Hawks acquired F Carmelo Anthony and a 2022 1st Round Pick (Protected 1-14) for G Dennis Schroder and F Mike Muscala. The trade was made with the understanding that the Hawks would then waive Anthony, allowing him to become a free agent.
Atlanta inherited Carmelo's $27.9M expiring contract, and they have indicated that they will waive and not stretch his contract. Likely after Carmelo clears the waivers, he will be resigned by another team (likely: Houston Rockets) to a projected 10+ Year of Service Veteran's Minimum contract of $2.39M for one year. In doing so, this will initiate a set-off payment that counts against the $27.9M Atlanta owes Carmelo.
The set-off payment is structured as follows:
New Contract, Pro-Rated - .5(1 YOS Vet. Minimum Contract, pro-rated) = Set Off Payment
10+ YOS Vet. Minimum (Full Season) - .5 * (1 YOS Vet. Minimum (Full Season)) = Carmelo Set Off
$2,939,887 - .5 ($1,349,383) = $522,252.00
Atlanta will reduce the $27.9M owed by that amount, lowering it to $27.4M owed. Likely, Atlanta will also agree to a buy-out with Carmelo, meaning he will leave X amount of his contract on the table to walk away. For example, if they agree to a buy out of $8M, Carmelo will then be only owed $19.4M by the Hawks, paid in full this season.
In a blockbuster NBA offseason trade, the San Antonio Spurs send 2x All-NBA 1st Team and 2x NBA Defensive Player of the Year SF Kawhi Leonard to Toronto in exchange for 4x NBA All-Star SG DeMar DeRozan.
Because neither team was under the salary cap for 2018-2019, salary matching came into play here. Masai Ujiri and RC Buford came to agree on the trade at present, which fits for a simultaneous trade. Toronto will gain a $2.95M trade exception from this trade, as 125% of DeRozan’s salary (+$100k — CBA rule) covers the incoming salary from the Spurs. The exception is for the value of Poeltl’s contract.
One thing to note is that the Toronto Raptors did not have a 1st Round Pick in the 2018 NBA Draft. Per the Stepien rule, the Raptors were not allowed to trade their 2019 1st Round Pick until the 2018 NBA Draft passed, as they are not allowed to have consecutive years in which they do not hold a 1st Round Pick (theirs or another team’s). However, because the 2018 NBA Draft is in the past, 2019 NBA Draft becomes the current year and 2020 NBA Draft is the following. Thus, the Raptors are allowed to trade their 2019 1st Round pick completely unprotected (though they protected it 1-20) because they still retain their 2020 1st Round pick.
Kawhi has three options in 2019: opting into his contract at $21,329,752.00, signing a max extension with the Toronto Raptors, or opting out of his contract and entering free agency. A max extension with Toronto would be for 5 years/$189.6M, while a team with cap space could offer a 4 year/$140.6M deal in free agency.
It is important to remember that Kawhi passed up on a 5 year/$221M Supermax extension with the San Antonio Spurs. If Kawhi opts into his 2019 contract, he will enter 2020 as an 9-YOS unrestricted free agent. If Toronto can get him to resign to a 1+1, he can opt out in 2021 and be eligible again for a max deal, this time with the Raptors. This max deal would be for a 10-YOS veteran, again reaching the 35% of the cap that he gave up in the Supermax. It would be for a value of 5 years/$247.3M, or roughly $49.5M averaged per year.
The Spurs still have $2.8M of the Non-Taxpayer MLE left, and also the full $3.4M Biannual Exception (which would hard cap them if used). Their roster stands at 15 players. It is safe to guess that either or both Brandon Paul, who has an 8/1 guarantee date, or Manu Ginobili will not be on the roster when the season starts, and that would free up one to two roster spots. They will look to sign a player at the veteran’s minimum or the remainder of the Non-Taxpayer MLE to complete the roster. Look for them to target a veteran point guard such as Jarrett Jack.
As it stands, the Spurs sit with $117.1M in salaries committed (no Manu, including Paul), which puts them $15.3M over the cap and $6.6M below the tax line.
On July 14, F Jabari Parker agreed to a 2 year/$40M deal with the Chicago Bulls. Parker, returning from a second NBA ACL injury, was a restricted free agent of the Milwaukee Bucks.
Going into the day, the Bulls sat at $89.8M in salaries paid or tied up in cap holds. That left them with roughly $12M in room after matching the LaVine offer. Thus, they needed to extend an offer to Jabari Parker greater than his $3.6M QO from the Bucks. Also, the Bucks sat roughly $11M below the Luxury Tax with the Parker QO extended, meaning that they likely only could offer him a contract with a 2018-2019 value of $11M (assuming they want to avoid the tax). By nature, the Bucks had the advantage, having more natural cap room ($12M) than the Bucks had beneath the apron ($11M).
When the Bulls extended the 2 year/$40M deal to Parker, the numbers didn’t initially line up. In order to clear the roughly additional $8M in room, the Bulls needed to waive Paul Zipster and Julyan Stone (whom they just acquired from Charlotte). Also, they needed to renounce the rights to Noah Vonleh, David Nwaba, and Ryan Arcidiacano. With these movements, the Bulls cleared up $20.6M in room, allowing the Parker deal to go through. As part of the agreement, the Bucks generously rescinded their qualifying offer, allowing Parker to enter the deal as an unrestricted free agent.
An important thing to note is that the Parker deal has a second year Team Option, meaning that the Bulls are paying Parker $20M in 2018-2019 for a tryout. If Parker returns to near-All-Star form, the payment looks par for the course. They can then choose to bring him back for another $20M the next season. If he is beneath his usual playing form or he finds himself injured again, the Bulls can simply choose to opt out of his contract before the 2019-2020 season. After offering the deal, the Bulls sit with 13 players on the roster and $641,178 in cap room. They still have the full $4.4M Room-MLE.
Expect them to use part of all of the Room-MLE to sign a veteran player (14), and they will likely then extend a veteran minimum contract to the 15th player. They still have one open two-way roster spot (Antonio Blakeney is the first).
Trade 1: BKN – ATL
BKN receives from ATL:
2020 2nd Round Pick (via Portland – protected 31-55)
Rights to Isaia Cordinier (2016 Pick 44, currently plays for Antibes of French LNB Pro A)
BKN sends to ATL:
G Jeremy Lin
2025 2nd Round Pick
Right to swap 2nd Round Picks in 2023
Brooklyn’s side: Brooklyn parts ways with Jeremy Lin after two injury-filled years, and they get to offload his $12,516,746 salary to clear cap space. Lin has a 10% trade kicker ($1.25 mil) that would be paid by the Nets unless he chooses to waive part or all of the fee. As a result, Brooklyn gives up a far future 2nd Round Pick in exchange for a much more valuable 2020 2nd Round Pick. The 6’5”, 21-year-old shooting guard from France will likely never come over to join Brooklyn, thus it doesn’t cost them a roster spot.
Atlanta’s side: Atlanta takes on Jeremy Lin with their cap space and pairs a seasoned veteran with young guards Dennis Schroder and 2018 Lottery Pick Trae Young. If Lin can provide backcourt value to these two, the Hawks call that a win as they eat up an expiring contract and likely won’t resign Lin after this season. As a result, Atlanta also acquires a far-future 2nd Round Pick and the 2nd Round Pick-Swap, both are minor assets but add to the pick arsenal.
Trade 2: BKN – DEN
BKN receives from DEN:
F Kenneth Faried
F Darrell Arthur
2019 1st Round Pick (Protected 1-12)
2020 2nd Round Pick
BKN sends to DEN:
G Isaiah Whitehead
Brooklyn’s side: Brooklyn just picked up $12.5 million in cap space from the trade with Atlanta, and previously they acquired roughly $4 million back in a buyout with Dwight Howard. Going into the night, they had $5.72 million in cap room before renouncing any of their remaining cap holds. The added room from the Lin deal brings them to $18.22 million in room, and the buy out would get them up to roughly $22.22 million. They exchange Whitehead’s non-guaranteed $1,544,951 contract for Faried’s $14,764,045 contract and Arthur’s $7,464,912 contract, both of which are expiring. Both provide needed veteran front-court depth, while Faried’s rebounding proficiency pairs well with Jarrett Allen who is still developing as a rebounder. In addition, Brooklyn used the Lin deal to clear the cap room to pull off the trade, and thus it doesn’t have to go through salary matching because it is room-based (note: Whitehead wouldn’t count in salary matching because of the non-guaranteed contracts – see Houston’s 2017 trade for Chris Paul). Brooklyn also acquires a 2019 1st Round Pick (Protected 1-12) and a 2020 2nd Round Pick.
Denver’s side: Before the trade, Denver sat $6.46 million into the luxury tax costing them a total of $10 million in luxury tax payments. They offloaded $21 million in salary to Brooklyn, ducking back under the tax apron and saving them from paying those tax payments. It did come at a cost, as they had to give up a 2019 1st and 2020 2nd Round Pick, but that is a justifiable cost to avoid the luxury tax and offload bad contracts. In addition, Denver plans to waive Whitehead and thus take on no salary back from this deal.
$0 to $4,999,999 @ $1.50 = $7,499,998.50
$5,000,000 to $6,457,034 @ $1.75 = $2,549,809.50
Total: $10,049,808 in Luxury Tax Payments
Overall, Brooklyn ends the night by flipping Jeremy Lin for a 2019 1st Rounder and two 2020 2nd Rounders, restocking their pick cabinet after the King regime left it quite dry. Quite a successful outing for Sean Marks and Trajan Langdon as they prepare for a strong rebuild.
“Dead Cap” refers to salaries paid/cap hits for players that are no longer on the roster. For example, in 2018-2019, the Portland Trail Blazers have the following contracts under the category of dead cap space:
The “dead cap” space will remain the same for 2019-2020, and it will decrease when Ezeli’s contract comes off the books after the 2020 season. Varejao’s contract will come off the book after the 2021 season, and Nicholson will be on the books until the end of the 2023 season.
Salary Cap Numbers provided by: NBA Salary & Roster Sheets
1. Aron Baynes and the Boston Celtics
Aron Baynes signed a contract with the Boston Celtics on July 19, 2017 for 1 year/$4,328,000 using cap room.
Aron Baynes qualifies for the Non-Bird exception because he spent one (and only one) full season with the Boston Celtics without being waived or changing teams as a free agent.
Thus, Boston is able to sign him to the greater of the following options:
Baynes is eligible to sign up to 4 years with 5% raises over the first year of the deal. His new contract is as follows:
By signing Baynes with his Non-Bird Rights, the Celtics can sign him over the Salary Cap and also maintain full access to their Non-Taxpayer MLE valued at $8.6M.
2. Luke Kornet and the New York Knicks
Luke Kornet is coming off a 1-year Two-Way contract with the New York Knicks. He joined the Knicks in the offseason of 2017, meaning he has acquired exactly one full year of service with NYK. As such, he is eligible for the Non-Bird Exception.
For a 1YOS veteran, the 2018-2019 minimum salary is $1,349,383.00, which raises to $1,619,259 with the 120% increase due to Non-Bird Exception.
While Kornet is eligible for four years, he inked for 1 year @ $1.6M with the NYK.
Historical Example: 2017 Nene and the Houston Rockets
Another example came in the offseason of 2017 when the Rockets signed Nene to a 3 year/$11 million contract using his Non-Bird Rights. In 2016, Houston signed Nene to a 1 year/$2.8 million deal using cap room. Thus, when the offseason of 2017 rolled around, he was a free agent having played the previous full season only with the Rockets (without being waived or traded). Just like Aron, his greatest contract value was 120% of his 2016-2017 salary. The numbers are as follows:
Nene’s deal previously included a 4th year at $3.9M, bringing his total to 4 years/$15M, but the 2017 CBA calls for the new “Over-38 Rule.” As such, Nene cannot sign a contract greater than three years if it extends to or past his 38th birthday. When Nene signed the deal with Houston in the summer of 2017, he was 34 and the deal would violate this rule. Thus, he finalized at 3 years/$11M deal with the Rockets using Non-Bird Rights.
I'm Jake, a recent graduate of Duke University pursuing a career in collegiate or professional basketball operations.
Cap #s 2018 - 2019
Salary Cap: $101.869M
Lux. Tax: $123.733M
Tax Apron: $129.827M
Tax Floor: $91.682M
Room MLE: $4.45M