2017 NBA Offseason Financial Report

2017 NBA Offseason Financial Report
Untitled Document
Top Offseason Stories

Will Russell Westbrook sign another extension?
Yes, Westbrook signed a 3 year $85M extension just last August, but per a clause in the newly minted CBA, Westbrook (and James Harden) have been grandfathered into the Designated Veteran Player Exception category. Without going into a ton of detail, the DVPE allows a player not yet in the top experience bracket (10+ years), to sign a super-maximum extension at the maximum 35% of the cap figure. In Westbrook’s case this would mean a 5 year extension worth between $210-$200M.

Why is this important? Westbrook’s current deal with the Thunder contains a $28.5M salary for the 2017-18 season, and then a player option at $30.5M for 2018-19. Were Westbrook to play out next season, and then opt-out, the Thunder would be at GREAT risk of losing another elite player, getting zero in return. OKC simply won’t let this happen. In other words, if Westbrook won’t agree to the extension this summer, it’s very likely the Thunder begin shop him for a potential trade. It’s possible we have already seen his last game as a member of Oklahoma City.

Blake Griffin’s Next Move
Griffin holds a $21.3M early termination option for the 2017-18, but he largely expected to decline that, allowing him to test the open market. Doing so would make him one of the top free-agents-to-be, despite averaging just 54 games played over the past 3 seasons. Statistically Blake has averaged 21 points, 8 boards, and 5 assist since 2015, while reeling in over $95M in 8 seasons with the Clippers. A potential max-contract candidate, Griffin can receive a 5 year, $175M extension with LAC, and a 4 year $130M contract signing elsewhere. Many believe a sign & trade will be the eventual fate for the 28 year old this summer.

Steph Curry’s $30M Raise
The #7 overall selection back in 2009 has averaged 23 points, 4 boards and 7 assists in 8 seasons with the Warriors, including 44% from behind the 3-point line, and 90% from the free throw line. He’s earned $56M on the court for his efforts, most notably from a 4 year $44M contract set to expire this summer. Should he be signed to a maximum extension with Golden State, his annual average salary will rise from $11,000,000 to $41,000,000, per a 5 year $205,000,000 contract.

 

Notable Players with 2017-18 Options

Kevin Durant (F, GSW)
Holds a $27,734,405 player option for 2017-18, but can opt-out and earn a maximum of $31,848,120 next season by re-upping.

Blake Griffin (PF, LAC)
Holds a $21,373,950 early termination option for 2017-18, but it’s widely expected he will opt-out in search of a long-term deal (5 years, $175M max with LAC, 4 years $130M max elsewhere).

Chris Paul (PG, LAC)
The 32-year old has battled injury and a bit of a dip in production this past season, but will still have plenty of options were he to opt-out of a $24,268,959 salary and test the market. A max deal with the Clippers pays him $205,000,000 over 5 years, while he can garner a 4 year, $152,000,000 deal elsewhere.

Gordon Hayward (SF, UTH)
Holds a $16,736,710 player option for 2017-18, and may choose to play out the season on this salary. Doing so should make him eligible for a Designated Player Exception maximum extension after the 2017-18 season, to the tune of a projected 5 years, $235M. Were he to opt out, his maximum contract options would be 5 years $175M with Utah, 4 years, $130M elsewhere.

Kyle Lowry (PG, TOR)
Holds a $12,000,000 player option for 2017-18, but is widely expected to opt-out and hit the open market. A maximum contract to stay in Toronto pays him $205,000,000 over 5 years, while a max-deal elsewhere means 4 years, $152,000,000. Toronto simply might not have the ammunition to keep him around.

Paul Millsap (F, ATL)
Holds $21,472,408 player option for 2017-18 but has confirmed he is most likely opting-out. The 32-year old has also made it clear that Atlanta is where he would like to remain. Doing so on a maximum contract extension means 5 years, $205,000,000, while leaving garners him 4 years, $152,000,000.

 

Related: Track all 2017-18 Options

 

Notable 2017-18 Free Agents

Point Guards
Stephen Curry (GSW): Another big year from the 29 year old (25 points, 4 boards, 6 assists) will lead to a huge payday.
Derrick Rose (NYK): The 28-year old averaged 18 points, 4 boards, and 4 assists in 64 games.
Jrue Holiday (NOP): The 26-year-old had a quietly nice year, accounting for 15 points ,4 boards, and 7 assists.
George Hill (UTH): The veteran presence on a strong Jazz squad scored nearly 17 per game with adding 4 boards and 4 dimes.

Shooting Guards
J.J. Redick (LAC): The 32-year old sharp-shooter accounted for 15 points, and could see a $10M+ raise this offseason.
Kyle Korver (CLE): When healthy he can still shoot the lights out, but saw action in just 67 regular season games this year.
Andre Iguodala (GSW): A role player for the Warriors who would be an everyday starter in most other lineups. He'll be 34 next season.

Forwards
Serge Ibaka (TOR): The deadline acquisition made a huge impact on the Raptors posteason run. He finished 2016-17 with 15 points and 7 boards.
Zach Randolph (MEM): The 35-year-old finished the year with 14 points 8 boards and nearly 2 assists in just 24 minutes per game.
Amir Johnson (BOS): His departure might make room for Blake Griffin to join the fold in Boston.

Centers
Zaza Pachulia (GSW): The big man played just 18 minutes a game, but was vital in key matchups.
JaVale McGee (GSW): Doesn't have starter talent, but proved he can be a nice role player off the bench.


Related: Track all Unrestricted 2017 NBA Free Agents | Track all Restricted 2017 NBA Free Agents


2017-18 NBA Team Offseason Breakdowns
Team unrestricted
free agents
Players
w/ options
Players
signed
Proj. Starters
signed
2017-18 total
Cap Allocations
Estimated
2017-18 Cap Space
Atlanta Hawks 5 1 9 3 $124,386,289 $-23,386,289
Boston Celtics 4 0 10 4 $109,049,981 $-8,049,981
Brooklyn Nets 1 1 14 4 $77,152,140 $23,847,860
Charlotte Hornets 2 2 13 5 $112,719,762 $-11,719,762
Chicago Bulls 1 1 10 4 $94,528,926 $6,471,074
Cleveland Cavaliers 5 0 9 4 $126,527,286 $-25,527,286
Dallas Mavericks 0 2 14 3 $102,110,496 $-1,110,496
Denver Nuggets 1 1 13 4 $78,125,544 $22,874,456
Detroit Pistons 1 1 12 4 $113,510,444 $-12,510,444
Golden State Warriors 8 1 6 2 $123,616,051 $-22,616,051
Houston Rockets 1 0 12 5 $99,304,399 $1,695,601
Indiana Pacers 2 2 13 3 $95,136,499 $5,863,501
Los Angeles Clippers 4 4 12 1 $126,760,946 $-25,760,946
Los Angeles Lakers 3 1 12 5 $85,763,404 $15,236,596
Memphis Grizzlies 3 0 11 2 $129,818,639 $-28,818,639
Miami Heat 3 2 12 3 $107,796,509 $-6,796,509
Milwaukee Bucks 2 2 12 4 $123,968,483 $-22,968,483
Minnesota Timberwolves 3 0 11 5 $92,224,083 $8,775,917
New Orleans Pelicans 4 0 12 4 $111,596,713 $-10,596,713
New York Knicks 3 0 9 4 $105,842,496 $-4,842,496
Oklahoma City Thunder 3 1 11 4 $138,088,791 $-37,088,791
Orlando Magic 2 0 11 5 $119,251,967 $-18,251,967
Philadelphia 76ers 2 1 13 4 $74,730,189 $26,269,811
Phoenix Suns 1 0 12 5 $87,484,985 $13,515,015
Portland Trail Blazers 0 0 14 5 $140,584,405 $-39,584,405
Sacramento Kings 3 2 11 3 $109,827,871 $-8,827,871
San Antonio Spurs 3 3 11 4 $126,691,059 $-25,691,059
Toronto Raptors 3 1 12 3 $129,053,932 $-28,053,932
Utah Jazz 2 1 11 4 $113,596,294 $-12,596,294
Washington Wizards 1 0 11 4 $123,085,740 $-22,085,740