
Most of the trades and free agent deals that were reported during or before the July moratorium have since been officially finalized, but there are still a handful of moves that we’re waiting on.
Of course, the most notable of those transactions is the blockbuster trade between the Clippers and Raptors that will send Kawhi Leonard back to Toronto in exchange for Brandon Ingram, Gradey Dick, and draft assets.
The reason for the delay in that case has been well-chronicled — if they were to complete the deal now, the Raptors would assume the risk of any punishment that Leonard himself (not the Clippers) faces as a result of the NBA’s investigation into possible salary cap circumvention related to the now-bankrupt green banking company Aspiration. So the Raptors are content to wait, but both sides have expressed confidence that the deal will still get done once the league wraps up its investigation.
That’s the only trade agreement that has yet to be finalized, but what about some of the signings that still haven’t gotten done days or weeks after being reported? Here’s a quick breakdown of those free agent contracts that have not yet been formally completed and announced:
Brooklyn Nets:
The reported terms of Wagner’s contract suggest he’ll fit into the Nets‘ room exception, which can be worth up to $19.2MM over two seasons. So it makes sense for Brooklyn to hold off on that signing for now, since the team could still use nearly $14MM in cap room without Wagner on its books. Signing him into cap space would reduce that figure to below $5MM.
Denver Nuggets:
The Nuggets may be waiting on resolution with their restricted free agents – notably Peyton Watson – before formally completing these signings, since certain outcomes with Watson or Spencer Jones could result in a hard cap.
For example, let’s say Denver signs-and-trades Watson to a new team and takes back a player in return. Using Watson’s outgoing salary to take back incoming salary would hard-cap the Nuggets at the second tax apron. Depending on how much incoming salary is involved in that hypothetical transaction, Denver could end up moving so close to that hard cap that trading another player would be necessary in order to complete these minimum-salary signings and fill out the roster.
Golden State Warriors:
Based on the reported terms of his contract, Melton could be signed using either the bi-annual exception (worth up to $11.2MM over two years) or the taxpayer mid-level exception (up to $12.4MM over two years). The former would hard-cap the Warriors at the first tax apron, while the latter would hard-cap them at the second apron, so Melton’s signing will impact how much flexibility the team has to re-sign Draymond Green and fill out the rest of its roster.
I’d expect this transaction to happen sometime after LeBron James makes his decision, since signing Melton into the bi-annual exception would allow Golden State to use a portion of the non-taxpayer mid-level to give James more than the veteran’s minimum.
Los Angeles Lakers:
Williams’ agreement with the Lakers was reported less than 24 hours ago, so there’s nothing unusual about it not being done yet. It should happen soon.
Milwaukee Bucks:
While some Bucks fans may be rooting for this deal to hit a snag and fall apart, it probably falls into the same category as Williams’ deal with the Lakers — it’s a recent agreement, so there’s nothing out of the ordinary about it not being finalized yet.
Phoenix Suns:
The Suns, who are hard-capped at the second tax apron, needed to complete their Miles Bridges trade with the Hornets in order to create enough breathing room below that threshold to fit Kennard’s first-year salary. The Bridges deal was completed on Monday, so Phoenix should be able to move forward and sign Kennard using the taxpayer mid-level exception at any time.
A number of two-way deals and Exhibit 10 agreements around the NBA have also been reported and not yet finalized, but those won’t affect teams’ cap situations, so the ones above are the ones we’re keeping the closest eye on.
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