Contract Details: Ellis, Porzingis, R. Williams

Keon Ellis‘ new two-year, $18MM contract with the Nets will include both a player option and a team option, according to reporting from Fred Katz and Mike Vorkunov of The Athletic (Twitter link).

As Katz and Vorkunov explain, after earning $9MM in 2026/27, Ellis will have the ability to pick up a $9MM player option for 2027/28, while the Nets will also have the opportunity to exercise an identical team option. If both Ellis and the Nets pass on their respective options, the guard will reach free agency in 2027. But if either side opts in, he would earn a guaranteed $9MM salary in ’27/28.

This isn’t something we’ve seen before, as far as I can recall. In fact, Larry Coon wrote in his invaluable CBA FAQ that a contract may not contain more than one option in the same year. But Katz notes that the language in the Collective Bargaining Agreement doesn’t seem to expressly prohibit it, and I had the same takeaway after reading the section on option clauses.

Ellis’ deal can’t be officially finalized until at least July 6, so we’ll see if the NBA allows that double/mutual option on the second year once the contract is signed. That CBA language also may be relevant for Isaiah Hartenstein‘s new deal with the Thunder, which Shams Charania of ESPN reported would include a “unique” mutual option ahead of the third year in 2028/29.

Here are more noteworthy details on a pair of extensions signed on Tuesday:

• Kristaps Porzingis‘ two-year, $40MM extension with the Warriors only has a $3MM partial guarantee on each season, according to reporting from Anthony Slater of ESPN and Katz (Twitter links). Porzingis’ $20MM salary for 2026/27 will become fully guaranteed on July 7 (ie. next Tuesday). A year from now, if Porzingis picks up his $20MM player option, Golden State will have a window to waive him by July 7, 2027 and only pay a $3MM partial guarantee. This is the kind of “mutual” option that has been more common in the NBA in recent years — James Harden‘s two-year deal with the Clippers last season was one contract that had a similar structure.
• Porzingis will also remain trade-eligible throughout the offseason because the terms of his new contract don’t exceed the extend-and-trade restrictions, Slater notes.
• Robert Williams‘ three-year, $44MM extension with the Trail Blazers is only fully guaranteed for the first year, reports Jake Fischer of The Stein Line (Twitter link). The second year is currently partially guaranteed for $5MM, but would become fully guaranteed if Williams plays at least 50 games in 2026/27. The third year is non-guaranteed, but would become fully guaranteed if the big man plays at least 50 games in ’27/28.