I guess it's that time of year already! I typically make this post after the NBA draft, but now that deals started pouring in over the weekend, I'm starting now and will just add draft day moves in here.
This will be constantly updated throughout the summer, so I'll be adding the latest news at the top to be readily available upon revisiting the page instead of always having to scroll down. Or in other words, it goes in chronological order from the bottom up.
As usual, players already under contract have their figures listed based on Keith Smith's work at Spotrac.com while salaries in bold italics are my own estimates based on reported numbers and the standard 5% or 8% raises that the teams could give. Salaries are also color coded if they are a player option, a team option, not fully guaranteed, or a "mutual option" (a player option that's not fully guaranteed) based on the reporting, with parentheses to credit whoever broke the news and when.
Wiggins to re-sign with the Heat: 3 years, $64 million 2 years, $34 million (Shams 6/29)
This was kind of incredible since it came less than 10 minutes after Fischer reported that Wiggins would be picking up his $30,169,644 player option. Getting more guaranteed money at a lower number for this year to give Miami more operating room under their First Apron hard-cap was always the move that made sense, as I suggested below when the Giannis trade happened. If they go as low as possible at this reported figure with the 8% raises, that $10.4 million difference for this season is massive for what they can do, namely re-signing Powell at a market rate.
Well, forget everything I just wrote since further clarity came out afterwards that it's actually a 2 year, $34 million extension after opting in, so Fischer's report was correct. Shams phrasing it as 3/$64 million makes no sense in my opinion, but that's the peril of making live updates here. Unless Wiggins and his agent were insistent on this, which I wouldn't expect, I'm pretty surprised that the Heat wanted to structure it this way given their First Apron restriction this year. I guess that they valued having the lower cap number in the future years when Antetokounmpo's expected extension would kick in, but this basically guarantees that Jovic would have to be traded if they're to open up more flexibility.
Sharpe to re-sign with the Nets: 2 years, "roughly $20 million" (Scotto 6/29)
Minott to re-sign with the Nets: 2 years, $9 million (Shams 6/29)
I'm going to lump these two together since they had similar situations with Brooklyn and the news came at the same time. The Nets could have simply picked up the $6,250,000 and $2,584,539 team options for Sharpe and Minott, respectively, so they leveraged that possibility into getting these team friendly deals with an extra year of control in exchange for slight pay bumps.
I'm projecting the Room MLE for Sharpe that's slightly less than $20 million here because re-signing him in that way instead of with Bird Rights would allow Brooklyn to renounce his cap hold in order to maximize all of their cap space first and then exceed the cap with that exception. It's a similar to how they handled the big man's restricted free agency last year before they finally made his signing official in September after agreeing to it months prior.
It was a little surprising that Minott had to settle for a minimum contract with a team option last year given how much of an advanced stats darling he is, and because of that he is on another "1 minus 1" type of deal. Still, it's at least an increase of about $2 million guaranteed after he earned more minutes on the (tanking) Nets following the salary dump from the (competing) Celtics. The 6'8" wing has the length to always rack up rebounds, steals, and blocks, and the key thing for him will be maintaining his career 39.6% 3-point shooting even as he increases the volume from 2.3 per-36 minutes to 4 to 5.6 to 6.6 last season, including 8.9 in 16 games with Brooklyn. Because they only had Non-Bird Rights on him and the reported salary exceeds the 120% raise that they could give him, this deal will likely have to eat slightly into their cap space.
Charlotte continues to retool (Shams 6/28)
Suns receive:
2029 1st round pick (Worst of the Cavaliers/Hornets/Jazz/Timberwolves)
2027 2nd round pick (Worse of Celtics/Magic)
Hornets receive: $29,000,000 total
I mentioned in the Ball trade below that Bridges has been in trade rumors going into the last year of his contract, and I should've known that Phoenix would be his destination since they've been long interested in him due to the Michigan State connection with owner Mat Ishbia. Charlotte got a 2033 1st in that prior trade, as well, so they must really be excited about this 6th grade class.
In all seriousness, going as far out as possible with these trades continue to be a logical bet on upside given the uncertainty of how good or bad your trade partner will be by then. The inclusion of the 2029 1st seems excessive at first glance until you realize the conditions on it, and the funny thing is that the Hornets originally received that pick from the Suns in the Mark Williams trade as these teams make their fourth trade together over the past year and a half. Phoenix didn't own a 1st rounder in that year and only had one 2nd rounder over the next seven years before this, so even adding these "lesser of" picks are helpful, even if they don't fully offset the much more valuable unprotected pick.
This move also reduces the Suns' luxury tax bill, adds more breathing room under the Second Apron, and creates a Trade Exception worth O'Neale's salary. On the court, it gives them more heft at a starting forward spot since O'Neale often lined up next to Dillon Brooks with one of them being undersized against power forwards. While Bridges is only around 6'6" himself (6'5.25" without shoes back at the 2018 combine), he's used to playing that spot at 225 pounds with a 6'9.5" wingspan. His production went down this past season as the Hornets' younger players took on bigger roles, though, and the raw scoring is a trade off for the spacing that O'Neale's shooting provides. Allen's own 3-point prowess could be missed, but the emergence and re-signing of their other guards (at the bottom of this post) still leaves them with solid depth.
Off the court, Bridges comes with a history of horrendous domestic violence charges that he pleaded no contest to. He didn't play at all in 2022-23 or the start of the 2023-24 season as a result, and now the Suns are knowingly trading for someone with that kind of history. You could argue that the 28 year old served his time and has undergone counseling in the years since then, but he's still not someone I'd be comfortable adding to my team, even before factoring in the cost it took.
Update: In the full story describing the trade, Shams noted that Charlotte added their own 1st rounder among the picks that might convey in 2029, which adds even more downside for Phoenix. Even if the Hornets don't end up good that season, I must emphasize again how volatile the new lottery system will be due to all of the top-16 picks being drawn for instead of just the top-4. Adding another layer of which pick might be the worst one is a savvy move by the Hornets as this front office continues to take a big picture approach with a treasure trove of extra picks.
Harper to re-sign with the Celtics: 3 years, $9 million (Shams 6/27)
Clark to re-sign with the Timberwolves: 3 years, $10 million (Krawczynski first, Hine the details 6/26)
This is around $500K more than what Clark's minimum salary projects to be, and while every dollar matters when dealing with the Second Apron like Minnesota is, it could be well worth it to lock him in for three years at this cheap price. He's a tenacious perimeter defender and nice cutter who has shown some ability to knock down outside shots. His 3P% dropped from 43.1% to 32.7% last season with slightly more volume, so consistency there will likely determine whether the former 2nd round pick can be a postseason contributor or just regular season depth.