Spotrac announces the launch of two tools associated with upcoming July 31st MLB Trade Deadline.

Trade Candidate Tracker

This view is tracking over 100 players reportedly on the trade block this summer, including salary remaining today and at the actual deadline for each.

MLB Trade Machine

Use this tool to propose actual trades, including retained salary, compensatory draft picks, top prospects, and all of the financial ramifications.

Offseason Approach

Run it back

Actual Cap Space

-$33.3 million

Practical Cap Space

-$32.2 million

Projected Luxury Tax Space

$3.6 million

Under Contract (13)

Alex Caruso
Ousmane Dieng
Lu Dort
Shai Gilgeous-Alexander
Isaiah Hartenstein
Chet Holmgren
Isaiah Joe
Dillon Jones
Nikola Topic
Cason Wallace
Aaron Wiggins
Jalen Williams
Kenrich Williams

View Roster

Potential Free Agents (5)

Branden Carlson (restricted – two-way)
Alex Ducas (restricted – two-way)
Adam Flagler (restricted – two-way)
Ajay Mitchell (restricted – team option)
Jaylin Williams (restricted – team option)

View Free Agents

Dead Cap (0)

None

Projected Signing Exceptions

Non-Taxpayer MLE ($14.1 million)
Bi-Annual Exception ($5.1 million)

Notable Trade Exceptions

None

First Round Draft Pick

#15
#24

Notable Extension Candidates

Ousmane Dieng (rookie scale extension)
Lu Dort (veteran extension)
Shai Gilgeous-Alexander (veteran extension)
Chet Holmgren (rookie scale extension)
Jalen Williams (rookie scale extension)
Jaylin Williams (veteran extension)
Kenrich Williams (veteran extension)

Analysis

After one of the quickest, and most successful, full rebuilds we’ve ever seen the Oklahoma City Thunder are the 2025 NBA champions. A deep, versatile roster led by MVP Shai Gilgeous-Alexander finished off a dominant run to the title with a hard-fought seven-game victory over the Indiana Pacers.

The scary thing for the rest of the NBA? The Thunder aren’t going away anytime soon.

Oklahoma City has a whopping 13 players under contract for next season already. They also have full control over the free agency process for their five pending free agents. That means that the Thunder could literally run it back with the exact same team as next season, accounting for Nikola Topic being healthy and ready to play this time around.

That’s probably not going to be how it goes. The Thunder have been here before with too many players for too few roster spots. That’s led to trading away some of the young guys who never quite cracked the rotation. That’s probably how this is going to play out again.

Sam Presti also is sitting on two first-round picks at the 2025 NBA Draft, because of course he is. Expect one of those picks to get moved, probably in a deal that returns even more future picks, because that’s what Presti does better than anyone else in the NBA. The team doesn’t really have room for two rookies, so why not kick the can down the road with at least one pick?

Free agency is probably going to be relatively non-descript for the Thunder. As referenced above, the team is out of roster spots. But the Thunder do like Ajay Mitchell and Jaylin Williams quite a bit. They could pick up team options for both, then figure out the roster issues as they go. They could also decline their team options for either player, make them restricted free agents, and work out long-term deals. Either way, OKC can control this process.

The two-way free agents could all be back in the fold next year too, because the Thunder have seen all of them flash at various times. Expect that to be things at least start out, with potential for some movement later in the offseason or during training camp.

If the team does need a roster spot to fit in a 2025 first-rounder, it might mean moving on from Ousmane Dieng. Doing so would also clear up one of the team’s three rookie scale extensions that need handled this offseason. Dieng may still have some untapped potential, but he looks like one of those guys who might not get there while with OKC. The playing time simply isn’t there for him. The Thunder are also unlikely to extend Dieng, as the terms would have to be so team-friendly that Dieng would be best to bet on himself.

Nothing will probably happen with Lu Dort, Kenrich Williams or Jaylin Williams (if the team picks up his option) as far as extensions go. By now you probably get that roster spots are an issue, so that impacts both Kenrich and Jaylin Williams long-term. Dort still has two years left on his deal, so the Thunder don’t need to extend him yet, and can handle that next offseason. Or even later this season, if they decline Dort’s team option for 2026-27.

But three major extensions still loom. Shai Gilgeous-Alexander is super max eligible after winning MVP this season. This summer, Gilgeous-Alexander could sign a projected four-year, $293 million extension. That deal would start with the 2027-28 season as Gilgeous-Alexander is under contract through the 2026-27 season without any options. The Year 1 salary in that four-year extension would be a projected $65.5 million, with a final year salary in 2030-31 of $81.2 million.

Yeah…we’re closing in on the first single-season $100 million player.

If Gilgeous-Alexander wants to fully cash in on the longest and largest extension possible, he could delay and sign that deal in the summer of 2026. That would be a five-year, $379.8 million deal. The starting salary would be the same, but in 2031-32, that contract would finish up at $86.5 million.

Bet on the MVP cashing in now. There’s no reason to not take that incredible long-term, generational security now. Plus, SGA should command a player option on the final year, which would allow him to cash in one more time before his age-32 season.

The other two big extensions coming for Oklahoma City are for Chet Holmgren and Jalen Williams. The easy answer is to give both players max deals. Williams has certainly earned a max extension. Coming off an All-NBA nod, expect Williams’ extension to also include Designated Player language, so he can bump up to 30% of the cap in his new deal.

Holmgren’s situation is a little different. His potential is so great that you probably don’t balk at giving him a max deal. Holding firm at a 25% of the cap max for Holmgren is probably fair, given he’s building a somewhat serious injury history already.

The other option is to pitch that building a team around three max guys, especially given Gilgeous-Alexander will be on a 35% max, and Williams could easily jump to a 30% max, is going to cost the Thunder down the line. Would one, or more, of the trio sacrifice a little bit to help keep this team together longer? We haven’t really seen that for players this young, but this OKC group is so tight-knit and feels a bit different than other situations.

If max deals are a must, the Thunder are still set up better to handle that than most teams. As they get increasingly expensive, they’ll have to move off some future salary. But Presti is still sitting on up to 11 first-round picks over the next six drafts after this one. And don’t be surprised if he adds a few more to that mix. That plethora of picks will allow Oklahoma City to replace outgoing talent in a way that other teams can’t match, even as the team nudges up against the aprons in the future.

The Oklahoma City Thunder are now beginning the process of being the defending champions. No one has repeated in the NBA since the 2018 Golden State Warriors. The Thunder are going to get really expensive, but that’s not coming until 2026-27 at the earliest. There might not be a ton of roster movement this offseason, even if a lot of spending gets locked in for the future. But this team doesn’t really need a whole lot. Everything is set up for run at back-to-back titles in Oklahoma City.

Offseason Approach

Sign Myles Turner and run it back

Actual Cap Space

-$62.5 million

Practical Cap Space

-$63.1 million

Projected Luxury Tax Space

$19.9 million

Under Contract (11)

RayJ Dennis (two-way)
Johnny Furphy
Tyrese Haliburton
Bennedict Mathurin
T.J. McConnell
Andrew Nembhard
Aaron Nesmith
Ben Sheppard
Pascal Siakam
Obi Toppin
Jarace Walker

View Roster

Potential Free Agents (7)

Tony Bradley (unrestricted – team option)
Thomas Bryant (unrestricted)
Enrique Freeman (restricted – two-way)
Isaiah Jackson (restricted)
Quenton Jackson (restricted – two-way)
James Johnson (unrestricted)
Myles Turner (unrestricted)

View Free Agents

Dead Cap (0)

None

Projected Signing Exceptions

Taxpayer MLE ($5.7 million)

Notable Trade Exceptions

None

First Round Draft Pick

#23

Notable Extension Candidates

Bennedict Mathurin (rookie scale extension)
Aaron Nesmith (veteran extension – as of October 1)

Analysis

The Indiana Pacers were right there. If Tyrese Haliburton doesn’t tear his Achilles’ seven minutes into Game 7, Indianapolis might have hosted a championship parade. As it is, we’ll never know. But what shouldn’t get lost is what a fun, magical ride the Pacers took all of us on in these playoffs.

And there’s no reason the fun can’t continue for Indiana.

Yes, the Pacers will be without Tyrese Haliburton next season. That’s a brutal blow for one of the league’s best point guards and the conductor of the NBA’s most fun offense. But Indiana has plenty of depth to weather that injury and still be a really good team.

Free agency is pretty simple for Indiana. It’s all about re-signing Myles Turner. After a decade of trade rumors, Turner is still with the only NBA team he’s ever known. The Pacers have indicated that they’ll go into the luxury tax to keep their starting center.

The real question doesn’t seem to be if Turner will be back in Indiana. It’s how much will it cost the Pacers? Despite struggling in the NBA Finals, Turner is coming off a really strong season. He’ll turn 30 years old next season, but Turner is showing no signs of slowing down, and his game should age fine.

The Pacers are roughly $20 million under the luxury tax line and $28 million under the first apron. That’s with 11 players on the roster. If we pencil in minimum contracts for the final few roster spots, the Pacers will be $13 million under the tax and $21.1 million under the first apron before re-signing Turner.

Turner isn’t likely to re-sign for anything under $25 million a year, but he may not push much north of $30 million AAV either. The way the Pacers can probably keep costs down some is by offering Turner a fifth year, which no other team can match. Would five years and $125 million be enough? If so, that’s probably a good deal for both sides.

Beyond bringing back Turner, the Pacers offseason should be relatively uneventful. They traded this year’s first-round pick to get back next year’s first-rounder. That gives Indiana some savings in the immediate, and a relatively young roster doesn’t really need another player jumping in the mix next season.

The Pacers will probably apply for a $14.1 million Disabled Player Exception for Haliburton, but that’s more about having that tool in the toolbox in case you need it down the line. Given the looming first-apron status, and the few open roster spots, Indiana probably won’t be a real player in free agency.

There’s a good chance that either, or maybe both, of Tony Bradley and Thomas Bryant are back next season. The two paired together to give Rick Carlisle pretty good minutes behind Turner. For minimum deals, it makes sense to keep at least one of the backup centers, if not both of them.

Isaiah Jackson’s status is likely tied to his health after his own early-season torn Achilles’. If Jackson is recovering well, the Pacers could probably get him back on a fairly reasonable contract, given they can make him a restricted free agent. This might be a one-year, prove-it deal, where Jackson shows he’s healthy and Indiana uses his Bird rights in 2026 to sign him long-term.

If James Johnson wants to come back, his spot in the locker room and on the bench will be there for him.

Enrique Freeman is worth working with on another two-way deal. He has real potential. Quenton Jackson has one more year of two-way eligibility and the Pacers seem to like him. He could be back for one more run too.

As far as extensions go, Indiana will want to try to get one hammered out with Bennedict Mathurin. He’s still somewhat inconsistent, but Mathurin’s scoring is needed. The real question is if he’s going to push for a starting spot. That may be there next season, with Haliburton out, but starting long-term might not be in Mathurin’s future in Indiana.

That will impact extension talks to some degree. An extension in the range of $100 million over five years makes sense for Indiana. That protects the team if Mathurin doesn’t graduate beyond being a sixth man, albeit a very good one.

It could be too team-friendly for the young guard, however. Mathurin may need more than $20 million AAV. Indiana has to be careful here. Locking in too much money long-term could see them butting up against the second apron in the future. That’s not where they want to be.

If worse comes to worse, the Pacers and Mathurin can let things play out to restricted free agency in 2026. By then, both sides should have a clearer picture of where things are at for both the team and the player.

Aaron Nesmith is also extension-eligible this summer. His situation is a little weird, as his contract isn’t really big enough to extend off at any kind of sizable number. On the flip side, Nesmith isn’t likely to command a huge extension either. He’s a very good role player for the Pacers as a 3&D guy, but he’s not pushing any kind of major salary either. Nesmith and Indiana will probably delay this conversation and readdress it next summer.

There’s no other way to put it but that it sucks that the Indiana Pacers won’t have Tyrese Haliburton next season. But this is a deep team, especially at point guard. The Pacers will re-sign Myles Turner and they’ll get back after it. If the 2025 NBA Playoffs didn’t teach us the lesson, Indiana will be more than happy to remind us to count them out at our own risk.

The Boston Celtics got themselves under the dreaded second apron, while picking up a helpful frontcourt reserve. The Atlanta Hawks made a big bet that Kristaps Porzingis will help them take the next step. The Brooklyn Nets got a good wing on a good contract, while picking up yet another 2025 first-round pick.

Here are the particulars:

Atlanta Hawks acquire: Kristaps Porzingis, future second-round pick

Boston Celtics acquire: Georges Niang, future second-round pick

Brooklyn Nets acquire: Terance Mann, 2025 #22 first-round pick

Let’s dive in!

(Note: We’re going to look forward starting with 2025-26 salaries for the analysis of the deal.)

Atlanta Hawks

Incoming salary: $30.7 million in 2025-26

• Kristaps Porzingis (C/PF, one year, $30.7 million)

Outgoing salary: $23.7 million in 2025-26

• Terance Mann (SG/SF, three years, $47 million), Georges Niang (PF, one year, $8.2 million)

The Atlanta Hawks are making a bet that they can get Kristaps Porzingis to stay moderately healthy for next season. If so, the Hawks will go into the year with a very solid rotation, despite giving up two rotation players in this trade.

When healthy for the Celtics over the last two seasons, Porzingis was terrific. He was a force on offense, with his ability to space the floor, finish at the rim and to punish mismatches in the midrange game. On defense, Porzingis was able to impact games with his excellent rim protection, while also holding his own on perimeter switches.

Sadly, the Celtics only got that version of Porzingis for about half of his time in Boston. In Year 1 in green, Porzingis missed time with various maladies, including a serious ankle injury that required surgery after the 2024 NBA Finals. Year 2 saw the big man beset with a mysterious illness that persisted for months, on top of missing the first part of the season while recovering from the aforementioned ankle surgery.

The 2025 Playoffs were not kind to Porzingis, as he really struggled to find his rhythm. It got to the point that Joe Mazzulla resorted to bringing him off the bench, as Porzingis continued to battle the illness.

If healthy, the Hawks will get one of the more unique weapons in the NBA. Porzingis is a floor spacing big man to the extreme. He doesn’t just spot up behind the arc, he regularly spots up five feet behind the arc. He can also be a ferocious finisher at the rim. And if you put a small on him, Porzingis is content to work his way to 10-15 feet and shoot over his man with ease. And all of that comes with some solid rim protection on the other end of the floor.

How Quin Snyder approaches lineups will be interesting. The Hawks have a pretty good starting group with Trae Young, Dyson Daniels, Zaccharie Risacher, Jalen Johnson and Onyeka Okongwu. The early assumption here is that Porzingis will come off the bench. That gives Snyder the ability to go with Porzingis behind Okongwu, but to also play them together a lot too. And by bringing Porzingis off the bench, Atlanta should be able to manage his minutes and hopefully keep him on the floor for more games.

To take this gamble on Porzingis, Atlanta had to give up Terance Mann, who is a solid wing player. But the Hawks were dealing from a position of strength here. Johnson, Risacher and Daniels are going to play a lot as wings. Mann would have helped in the rotation, but Atlanta still has enough room to use the full Non-Taxpayer MLE. That’s $14.1 million to spend, and this offseason there are a lot of veteran wings available for backup spots. Georges Niang was traded in this deal too, but his role is effectively being replaced by Porzingis, so there’s no form of downgrade there, minus availability-wise.

The Hawks also gave up a first-round pick in this trade, but they retained the better of their two picks by keeping the 13th overall pick. That’s also a spot where Atlanta could add a wing.

This is a major gamble for the Atlanta Hawks. There’s no guarantee that Kristaps Porzingis will be healthy. If he is, Atlanta will push themselves into the mix for a top-six seed and a guaranteed playoff spot. But even if Porzingis isn’t healthy, the Hawks have an expiring $30.7 million salary to move by the trade deadline to patch roster holes.

Boston Celtics

Incoming salary: $8.2 million in 2025-26

• Georges Niang (PF, one year, $8.2 million)

Outgoing salary: $30.7 million in 2025-26

• Kristaps Porzingis (C/PF, one year, $30.7 million)

This trade for the Boston Celtics was about getting under the second apron. Mission accomplished. And they got a potentially helpful backup forward too, which is a nice bonus.

Much like it stung to trade Jrue Holiday, this deal stings too. Despite all of his absences, Kristaps Porzingis was a huge part of Boston winning the 2024 NBA title. It’s not easy to say goodbye to guys who were part of a title team.

But in order to get under the second apron, and to start the process of “thawing” out their frozen 2032 draft pick, the Celtics had to get off a lot of money. In the Holiday and Porzingis trades combined, Boston shed over $27 million in salary, which is enough to get them to about $4.5 million under the second apron. In addition, in terms of real dollars in salary plus tax penalties, the Celtics saved roughly $200 million. That’s nothing to sneeze at, considering this team isn’t a title contender while Jayson Tatum rehabs.

Does this trade weaken the Celtics on the court? Yes. When healthy, Porzingis is a lot better than Georges Niang. He’s a far more dynamic offensive player and has a far greater impact defensively. The challenge is you don’t know how often Porzingis would be healthy.

Niang is a pretty rugged and reliable guy. He rarely misses games and Niang is a 40% three-point shooter for his career. That fits in well in Boston’s five-out, bombs-away offense. He’s also a pretty good ball-mover and decent screener. Niang isn’t going to offer any rim protection, but he’s an ok positional defender.

Even with Kristaps Porzingis’ unreliability factored in, this is a big downgrade on-court for the Boston Celtics. But this trade wasn’t really about that. By getting under the second apron, the Celtics have now created considerably more flexibility for themselves this year, and moving forward. That was the goal, and Brad Stevens and the front office met it.

Brooklyn Nets

Incoming salary: $15.5 million in 2025-26

• Terance Mann (SG/SF, three years, $47 million)

Outgoing salary: $0.0 million in 2025-26

• None

The Brooklyn Nets picked up a helpful wing in Terance Mann, while renting out some of their 2025 cap space for yet another 2025 first-round pick. This is Sean Marks playing the game the way he did when he rebuilt the Nets the first time around.

Mann is a good player, and he’ll help a Nets team that is very much in transition. As it stands right now, Mann would very likely be a starter. He’s a pretty solid defensive player and decent playmaker. Mann has also become a good outside shooter and very good finisher inside the arc. He uses his size to get to his spots quite well, and has improved as a spot-up shooter too.

Most importantly for the Nets, as they rebuild: Mann is on a very movable contract. It’s pretty unlikely the veteran wing will play out the three years he has left on his deal while in Brooklyn. If a contender in need of a wing comes calling, the Nets will be able to move Mann’s fair-value deal with ease. That could mean getting a pick for him coming in, while also getting a pick for him going out. That’s the kind of smart move you have to make when you are starting over as a franchise.

Brooklyn picked up the 22nd pick in the 2025 NBA Draft in this deal to take on Mann’s contract. That gives Marks five selections in the first-round of this draft. There’s no chance that the Nets make all five of those selections for themselves. Look for Brooklyn to be very active in moving up the draft board, and possibly out with some of the picks, while picking up future selections.

As it stands right now, the Brooklyn Nets still have over $37.5 million in projected cap space available this offseason. That means that Sean Marks is nowhere near done retooling this roster. The Nets will be one of the most active teams this summer, as they’ll be a part of more trades, both at the draft and when free agency opens in next week.

The New Orleans Pelicans created a lot of wiggle room under the luxury tax and apron, and picked up two helpful perimeter players. The Washington Wizards cleared out some long-term salary, as they continue their full-scale rebuild.

Here are the particulars:

Washington Wizards acquire: C.J. McCollum, Kelly Olynyk, future second-round pick

New Orleans Pelicans acquire: Jordan Poole, Saddiq Bey, 2025 #40 second-round pick

Let’s dive in!

(Note: We’re going to look forward starting with 2025-26 salaries for the analysis of the deal.)

Washington Wizards

Incoming salary: $44.1 million in 2025-26

• C.J. McCollum (SG/PG, one year, $30.6 million), Kelly Olynyk (C/PF, one year, $13.4 million)

Outgoing salary: $37.9 million in 2025-26

• Jordan Poole (SG, two years, $65.9 million), Saddiq Bey (SF, two years, $12.5 million)

The Washington Wizards front office was brutally honest about a year ago when asked for an assessment of where the team was. They said at that time that the team was still in the teardown phase of their rebuild. That candidness has driven everything for Washington throughout this process. They owned just how rough things were, while also admitting it would take a while to dig out from under the mess and to move forward.

This trade is a continuation of that process. However, acquiring expiring contracts for players who have multiple years remaining signals that the Wizards may be starting to turn the corner towards building back up.

In this deal, Washington took on just over $6 million in salary for next year. That’s fine, as the team is $12.6 million under the luxury tax with 16 players on standard contracts. That’s more than enough wiggle room to do whatever else the Wizards need to do this offseason and into the regular season.

This trade was really about the summer of 2026 and beyond. Next year, the Wizards will have one player on a fully guaranteed deal that isn’t also on a rookie scale contract. Washington could be looking at over $100 million in cap space. That’s incredible flexibility for a team that was buried under miles of bad contracts only a couple of seasons ago.

On-court this season, things should be about the same for Washington. They aren’t likely to be a playoff team, despite adding C.J. McCollum and Kelly Olynyk to holdover veterans Khris Middleton, Marcus Smart and Corey Kispert. The Wizards are still going to make sure that their group of kids (Alex Sarr, Bilal Coulibaly, Bub Carrington, Kyshawn George and two 2025 first-round picks), plays plenty. Those guys are the future in Washington. They’ll see all the minutes they can handle.

That said, McCollum offers the team a good scoring combo guard to replace Jordan Poole. He’ll play alongside Carrington and Smart in the revamped backcourt. McCollum’s steady presence and shot-making will help the young players improve.

Washington is also being careful to not overload Sarr. Last year they had Jonas Valanciunas to back him up and play alongside Sarr some. That’s the role Olynyk will take on. He’s more of a floor-spacer than Valanciunas is, but the idea is to play Sarr a lot without overextending him. Olynyk will help with that.

Of course, we’d be remiss to note that McCollum, Olynyk, Middleton and Smart are all on expiring contracts. None of them are making an untradable amount of money either. There’s a good chance by the time we hit the trade deadline, that the Wizards will have moved at least a couple, if not all, of the vets in deals for more assets. They might even take on a little money into next season, as spending $100 million-plus in cap space sounds fun, but is easier said than done.

The Washington Wizards are taking a very Oklahoma City Thunder-like approach to their rebuild. Patience, taking on contracts for assets, and keeping the runway clear for their young players worked out pretty well for the Thunder. The Wizards have a long way to go to match that kind of championship production, but they’re on their way. That’s a whole lot better than the directionless, stuck-in-the-middle group they were for more than a decade.

New Orleans Pelicans

Incoming salary: $37.9 million in 2025-26

• Jordan Poole (SG, two years, $65.9 million), Saddiq Bey (SF, two years, $12.5 million)

Outgoing salary: $44.1 million in 2025-26

• C.J. McCollum (SG/PG, one year, $30.6 million), Kelly Olynyk (C/PF, one year, $13.4 million)

For a couple of years now, the New Orleans Pelicans have operated very close to the luxury tax line. Two years in a row, trade deadline moves have gotten the Pelicans out of the tax. That’s playing a potentially dangerous game and hoping a deal will materialize when you need one.

Now, the Pelicans should have more than enough wiggle room that it won’t be an issue for next season.

New Orleans is about $13.5 million under the tax line for next season as a result of this trade. That’s with a projected 13 players on the roster. That gives Joe Dumars the flexibility to make more moves this summer, as he retools the roster.

Down the line, this trade swapped out two expiring contracts for two players who have money left on their deals in Jordan Poole and Saddiq Bey. It’s not really ideal, as the Pels could have maybe finagled some cap space next offseason. But it’s not the end of the world either.

The perception of Jordan Poole as one of the Clown Princes of the NBA is way off. Poole toned his on-court silliness in Washington. A lot of people just missed it because the Wizards weren’t very good. This past season, Poole was pretty effective, as he averaged 20.5 points on 59.1% true shooting. That’s really good efficiency, considering Poole played a lot of minutes surrounded by very young players.

Is he worth $34 million in 2026-27? We’ll see. In part because of all their injuries, the Pelicans offense was pretty poor last season. McCollum was fairly solid himself, but he’s also nearly eight years older than Poole. If Poole can play for New Orleans like he did for Washington, surrounded by better talent, then his contract is fine and he’ll help the Pels a lot.

Bey is probably being seen as a throw-in in this trade, but that’s unfair. A little over a year ago, before tearing his ACL, Bey was someone a lot of teams liked. He’s not the most efficient guy, and the Pelicans have a very crowded group at the forward spot, but for $12.5 million over two years, Bey will give the Pels some solid depth. He’s also on a contract that can be pretty easily moved if necessary.

The New Orleans Pelicans now have the flexibility to keep making moves without risk of running afoul of the luxury tax, never mind the aprons. There’s probably more to come, as this roster currently slants too heavily towards perimeter-based wings. The Pelicans have two picks in the first-round and they probably aren’t done trading either. Before we make a final judgement, we need to see more of the final product, which is still a few moves away.

At this time a year ago, the Boston Celtics were still basking in the glow of winning their record-setting 18th NBA championship. Now, Boston is beginning to break up that title team by shipping Jrue Holiday off to the upstart Portland Trail Blazers for Anfernee Simons.

Here are the particulars:

Boston Celtics acquire: Anfernee Simons, 2030 Knicks second-round pick, 2031 Trail Blazers second-round pick

Portland Trail Blazers acquire: Jrue Holiday

Let’s dive in!

(Note: This trade is legal as part of the 2024-25 league year, but we’re going to look forward starting with 2025-26 for the analysis of the deal.)

Boston Celtics

Incoming salary: $27.7 million in 2025-26

• Anfernee Simons (SG/PG, one year, $27.7 million)

Outgoing salary: $32.4 million in 2025-26

• Jrue Holiday (PG/SG, three years, $104.4 million (player option for final season))

The Boston Celtics were always going to face the challenges of being a second-apron team eventually. If they were coming off back-to-back titles, Boston probably would have mostly kept this team together and dealt with the roster restrictions, frozen picks and enormous tax bills to chase a third straight championship.

As it is, the team lost in the second round and superstar forward Jayson Tatum is likely to miss all, or at least most, of next season. That meant making changes to lessen their tax burden, while pursuing getting under the second apron entirely, were going to happen sooner, rather than later.

The Celtics have now started that process by trading Jrue Holiday.

In this deal, Boston saved about $4.7 million dollars on the cap sheet and towards their apron amount of over $20 million. In terms of real dollars saved, as a very expensive, tax repeater, Boston knocked about $40 million off their tax bill.

As none of us are writing the luxury tax check, the key figure to focus on here is the second apron amount. This trade didn’t get Boston under the apron in one fell swoop, but that was never likely to happen. Moving salaries in excess of $30 million was always going to happen with some money coming back onto the books. But chipping away at the apron is a good thing. Boston is now $18 million away from getting under the second apron.

Why is that so important? The Celtics don’t want to be saddled with the various restrictions that come with being a second-apron team. Crucially, the team has already seen their 2032 first-round pick become frozen, meaning that it can’t be traded and it will drop to the end of the first round of that year’s draft. They don’t want the same to be true of their 2033 pick. Also, if Boston can dodge the second apron this year, it will begin the multi-year “thawing” process of unfreezing that 2032 pick. And, they’ll have far more flexibility to operate with their roster in the immediate.

In addition to the savings this year, Boston lopped off the $72 million owed to Holiday through the 2027-28 season. Some of that money will come back on the books, as the Celtics re-sign other players (perhaps the one they just acquired). But that long-term savings is significant for a team that is carrying a lot of long-term money.

Being very realistic, this trade (and others the Celtics are likely to make this offseason) was about the second apron. It was only sort of about actual on-court basketball. But there are actual basketball reasons for this trade too.

It can’t be understated how important Jrue Holiday was to Boston winning the 2024 title. He was everything they needed to complete that team, and he put together a very good first season in green. Last season, Holiday’s play did slip some. That meant that the combination of age, ability and contract status made him one of the most likely Celtics to be traded this offseason.

In his place, Boston adds a very different, but still effective player in Anfernee Simons. Holiday is an impactful, switchable, versatile defender. Simons…well…to be kind…isn’t that kind of defender. That means the Celtics defense takes hit, but that was always likely to happen with Tatum out and others on the trade block.

This upcoming season, Boston is likely to play a lot faster, with more of an offensive focus. That’s where Simons will fit in quite well.

Over the last four seasons, the 6-foot-3 combo guard has become a starter and taken on a bigger role for Portland’s offense. During that time, Simons has averaged 19.9 points on 44/38/90 shooting splits. A stat that will make Celtics coach Joe Mazzulla smile: Simons hit that 38% from deep on 8.5 three-point attempts per game.

The last two seasons, without Damian Lillard leading the offense, have taught us that Simons has some on-ball playmaking chops too. However, he’s not really a point guard. Without Lillard around, Simons’ efficiency has suffered some.

In his last two seasons playing off Lillard, Simons had an effective FG% of 55.1%. In the two seasons without Lillard, that’s dipped to 52.2%. That, combined with an uptick in turnovers, tells us that Simons is a good second or, ideally, third option, but not a great number one option.

Here's the good news: Boston doesn’t need him to be the lead guy on offense. This season, Simons will get to play off Jaylen Brown and Derrick White, who will handle the bulk of the on-ball playmaking. Should Simons stick around past this year, he’ll slot in behind those two, plus Tatum. That will put Simons in his ideal role as the second or third option in most lineups, and often as a very overqualified fourth option.

Given how much offense the Celtics will lose with Tatum out, getting someone like Simons is huge. Yes, the defense takes a real hit, but the offense should be better than expected, even if it will look quite a bit different.

Thinking long-term, Simons is extension-eligible throughout the upcoming season. In the immediate, Boston could offer Simons an extension worth up to $104.6 million from 2026-27 through 2028-29. That’s an AAV of nearly $35 million. It’s unlikely the Celtics would go quite that high, given one of the goals here was to clean up the cap sheet moving forward.

After six months, Boston will be able to offer Simons even more in an extension, but that’s also unlikely to come into play. Expect things to play out on-court a bit before an extension is broached. The Celtics have been aggressive in extending their own players in recent years, but they’re living in a different world now. There’s no reason to rush into another big money deal with Simons before seeing how he looks in green first.

The Boston Celtics were always going to have to break up their 2024 title. It’s happening earlier than most expected, but it is happening. This is just the first in a series of moves Brad Stevens will make over the next year to get the books in line. Getting players like Anfernee Simons, who can play and fill a need, while also netting savings is huge. In addition, the Celtics somehow got two future second-round picks in this deal. Those could come into play as trade chips or for adding talent down the line. While it hurts to see Jrue Holiday go, this is a pretty solid return in what was essentially a “must-trade” situation.

Portland Trail Blazers

Incoming salary: $32.4 million in 2025-26

• Jrue Holiday (PG/SG, three years, $104.4 million (player option for final season))

Outgoing salary: $27.7 million in 2025-26

• Anfernee Simons (SG, one year, $27.7 million)

It probably got missed by most, because the Portland Trail Blazers were a bad team toiling in the relative obscurity of the Pacific Northwest, but they played pretty good ball in the second half of the season. Over the final 41 games, the Blazers went 23-18. That’s given the team confidence that this group is turning the corner towards playoff contention.

That second-half success is part of what landed GM Joe Cronin and head coach Chauncey Billups contract extensions. It’s also why the team is willing to add Jrue Holiday to continue that push toward being a playoff team.

Holiday immediately becomes the best defensive guard on the Portland roster (Matisse Thybulle is expect to pick up his player option, but he’s a wing and not a true guard). That’s not saying a whole lot, as both Shaedon Sharpe and Scoot Henderson heavily lean towards the offensive side of the ball, as most young guards do. But Holiday will help shore things up on that end of the floor. Now Billups can deploy extremely switchable, versatile defensive lineups that include Holiday, Toumani Camara, Deni Avdija and Jerami Grant, with Donovan Clingan protecting the rim behind them. That group will be pretty tough to score on.

In addition to improving the defense, this was about helping the Blazers mature a bit. They’ve got an odd mix of mid-career vets, but had a lot of young players in key on-ball roles. Now, things can rebalance a bit, with Holiday helping to settle them down. Look at this trade as similar to the addition the Houston Rockets made by adding Fred VanVleet. That trade brought composure and normalcy to a Rockets team that was often frantic and scattered on offense. Portland hopes Holiday will do the same for them.

Of course, since it happened once already, we need to note that the Trail Blazers could flip Holiday in a subsequent trade. However, initial intel is that the team plans to keep Holiday for themselves this time around. If they do seek to trade the veteran guard, there were several teams interested before Boston sent Holiday to Portland.

On the cap sheet, this deal adds about $4.7 million to the Blazers books. They’re still about $6.6 million under the luxury tax and $14.7 million under the first apron. That’s with 14 roster spots accounted for. That means Cronin has plenty of wiggle room to shape the roster with further trades, and possibly to use the MLE (either the $14.1 million Non-Taxpayer or the $5.7 million Taxpayer variety) to round out his roster even more.

Long-term, Portland gave up some spending power. There was a world where the Trail Blazers could have hit the summer of 2026 with north of $70 million in cap space. Now, they’ll probably operate as an over-the-cap team, pending what happens with extension talks for Sharpe.

That’s not the end of the world for the Blazers. They’ve got solid pieces in place, and a handful of their veterans are on expiring contracts. This roster doesn’t feel finished with this one trade. Expect Cronin to continue tweaking it, especially in an overstuffed frontcourt. Something has to give with Deandre Ayton or Robert Williams III (both are on expiring deals), as Clingan is the hopeful long-term answer at center.

It’s also important to note that sacrificing future spending power for Holiday is essentially a trade-off from what Simons would have gotten in his next deal. He probably would have gotten somewhere in the range of what Holiday is set to make to stay in Portland. Letting Simons just walk for cap space wasn’t likely to be the play, as he’s too good for that. So, there’s probably not realistically all that much flexibility given up by acquiring Holiday now.

The Portland Trail Blazers are betting that they are even better than the team they showed in the second half of last season. They’ll need to be, because cracking the Western Conference postseason picture is quite the task. Trading for Jrue Holiday should make the Blazers better for next season. Enough better to jump several teams for even a spot in the Play-In Tournament? Let’s see what Portland does next before we answer that question.

Offseason Approach

Retooling depth to push for the NBA Finals

Actual Cap Space

-$65.3 million

Practical Cap Space

-$63.4 million

Projected Luxury Tax Space

-$11.8 million

Under Contract (9)

OG Anunoby
Mikal Bridges
Jalen Brunson
Pacome Dadiet
Josh Hart
Tyler Kolek
Miles McBride
Mitchell Robinson
Karl-Anthony Towns

View Roster

Potential Free Agents (9)

Precious Achiuwa (unrestricted)
MarJon Beauchamp (unrestricted – two-way)
Ariel Hukporti (restricted – team option)
Kevin McCullar Jr. (restricted – two-way)
Cameron Payne (unrestricted)
Landry Shamet (unrestricted)
P.J. Tucker (unrestricted – team option)
Anton Watson (restricted – two-way)
Delon Wright (unrestricted)

View Free Agents

Dead Cap (0)

None

Projected Signing Exceptions

Taxpayer MLE ($5.7 million)

Notable Trade Exceptions

None

First Round Draft Pick

None

Notable Extension Candidates

Mikal Bridges (veteran extension)
Mitchell Robinson (veteran extension)
Karl-Anthony Towns (veteran extension)

Analysis 

The New York Knicks had their best season in decades. Yet, there was a feeling of incompleteness, because there is a sense this group could have won the title. That usually means that a team will look to shake things up to take the next step. Instead, the Knicks should stand pat, add some depth and get back after it.

Simply through injury attrition in the playoffs, the Eastern Conference has been significantly weakened. As things stand today, the Knicks would enter the regular season as at least co-favorites with the Cleveland Cavaliers. Injuries to Damian Lillard, Jayson Tatum and Tyrese Haliburton have knocked their teams down enough that New York should feel good about where they are.

That doesn’t mean that there isn’t work to do. The Knicks have somewhat limited flexibility this summer. They’re only about $8 million under the second apron. That’s without re-signing a single free agent. That figure could grow to about $11.5 million under the second apron if New York didn’t pick up their $3.5 million team option for P.J. Tucker.

Even at $11.5 million, but with three to four roster spots to fill, that’s tight to the second apron if using the Taxpayer MLE. Using the Taxpayer MLE hard-caps a team at the second apron. That means that the Knicks wouldn’t have enough space under the second apron to fill out their roster taking this path. Fucntionally, New York is limited to re-signing their own free agents, minimum contracts and making trades where they send out more money than they take back.

Of their own free agents, Landry Shamet seems a decent bet to return. He was solid for New York and could see a bigger role if the next head coach expands his rotation. Shamet is someone the Knicks can likely re-sign for the minimum too, which helps the bottom line.

The team should pick up their $1.9 million option for Ariel Hukporti too. He’s got a ton of potential, and that’s a great salary-figure for a development center. Tucker’s team option is for more than he’s worth at this point, but if the Knicks can stay under the second apron (which would allow them to aggregate salaries in trades), Tucker’s $3.5 million is a nice chunk of salary-matching. For that reason, and the fact that his deal doesn’t become fully guaranteed until January, means New York should pick up the option.

Precious Achiuwa could be back, but he’s not getting more than the $6 million he played for last season. Cameron Payne could return as a backup guard, or he could seek a bigger role elsewhere, since he’s looking a veteran minimum deal either way. Delon Wright is in the same situation as Payne.

Of the two-way players, the Knicks should have interest in bringing back all three of MarJon Beauchamp, Kevin McCullar Jr. and Anton Watson. All three have shown enough potential that they are worth working with for another year in the G League.

Signing outside talent is probably limited to minimum deals. That’s not the worst thing in this situation however. When a player is signing a minimum deal, they factor in three things: role, contending and location. The Knicks can check all three boxes. They have some rotation minutes available. They’re certainly a contender. And it’s New York. Check. Check. And check.

Who could be available for the minimum that could help New York? We’ll skip point guards, as the team seems set there. For wings, the Knicks could look at Luke Kennard, Gary Harris, Jae’Sean Tate, Ziaire Williams, Taurean Prince, Amir Coffey, or Dante Exum. Frontcourt players that could be available on a minimum deal include Trey Lyles, Bol Bol, Trendon Watford, Doug McDermott or Marvin Bagley III. None of those players are going to set off a celebration in the streets of Gotham, but all could be helpful for depth purposes.

On the trade front, unless the Knicks are making a blockbuster move, they’re looking at trading Mitchell Robinson or Josh Hart. Unless New York is making a significant upgrade over either, it’s unlikely they’d trade such important players.

Whenever the Knicks land on a new head coach, whoever it is will have a really good returning group to work with. If New York keeps Hart and Robinson, you add them to the core group of Jalen Brunson, Karl-Anthony Towns, OG Anunoby and Mikal Bridges, along with Miles McBride, and you have ready-made contender.

In many ways, that means the most interesting transactions this summer for the Knicks could come via extension decisions. All three of Bridges, Towns and Robinson are extension-eligible this offseason. Bridges and Robinson are the most pressing of that trio, because they are entering their final years under contract.

By all accounts, when Brunson signed an under-market extension to create flexibility for New York, it set the expectation that Bridges would do the same. Using that as our framework, a deal that averages in the range of $35 to $37 million seems in order. Don’t be surprised if Bridges signs a slightly shorter extension too. A three-year deal with a player option on Year 3 would align his deal with both Brunson’s and Anunoby’s. That’s likely appealing to both player and team. Let’s mark down something around three years and $111 million ($37 million AAV) with a player option on Year 3 as the baseline for Bridges.

Robinson’s situation is a lot trickier. He could start, with Hart shifting to a super-sub role. Or Robinson could continue to play in a high-intensity backup role. If Robinson is seen as an important backup, but a backup nonetheless, that will limit how far New York will go in an extension. Given the uncertainty in his role, but his importance to the team, a deal around $48 million over three years makes sense. That’s $16 million AAV, and the length would align with the Knicks other long-term deals.

As for Towns, the Knicks could sign him to a four-year extension this summer (if he declines his 2027-28 player option) or a three-year extension (if Towns picks up his 2027-28 player option). At the very least, New York has Towns under contract for two more seasons. That makes this a far less pressing issue. Unless Towns is adamant about locking in long-term security, the Knicks should wait and address an extension with the big man a year from now.

The New York Knicks are right there as Eastern Conference favorites. That’s without doing anything. Making another major trade, after a string of them over the last two seasons, could upset the good thing New York has built. Simply by retooling their depth around a terrific starting group, and nailing the head coach hire, the Knicks will be contenders. Doing more is always enticing, but it’s not really necessary for this team to take the next step. They’re already there.

Keegan Bradley wins the Travelers Championship. Bradley earns $3.6 million bringing his 2025 on-course earnings to $7.0 million and his career earnings to $61.4 million.

U.S. Open Top 10 Payouts

The Kevin Durant trade saga is over! The Phoenix Suns were determined to find deal for Durant before the 2025 NBA Draft. The Houston Rockets were determined to upgrade their offense. The two came together on a blockbuster deal.

Here are the particulars:

Houston Rockets acquire: Kevin Durant

Phoenix Suns acquire: Jalen Green, Dillon Brooks, 2025 #10 pick, five second-round picks

Let’s dive in!

(Note: We are recapping this trade as currently reported. If the terms change, we’ll update the analysis accordingly.)

Trade Mechanics

This trade will have to take place when the league year changes over to 2025-26 due to the poison pill provision in Jalen Green’s contract. This is also a fascinating trade because of the mechanics to make it work.

For now, we’re going to assume that Jalen Green is waiving his trade bonus (or the vast majority of it), to complete this trade. If Green insists upon getting his entire bonus, the salary-matching doesn’t work.

Because the Suns are a second-apron team (yes, even after the league year changes over), they can’t aggregate salaries in a trade. Phoenix also can’t take back more money than they send out. The Rockets are well under the aprons and the tax, so they have less concerns with how they match salary.

Houston’s side is easy. They are receiving $54.7 million for Kevin Durant. The Rockets are sending out $55.5 million in salary for Green and Dillon Brooks. That will keep Houston from incurring a first-apron hard cap, as they are sending out more salary than they are taking back. A second-apron hard cap will be incurred because the Rockets are aggregating salaries in this deal, but they have more than enough room under the second apron.

At first glance, the Suns appear to be receiving the same $55.5 million for Green and Dillon Brooks. However, Brooks has a $1 million incentive in his contract if his team makes the playoffs. As bonuses are termed likely vs unlikely depending on what circumstances happened the prior season, Brooks’ bonus will flip from likely to unlikely for the 2025-26 season (and beyond) because the Suns did not make the playoffs last season. (Brooks still earned this bonus for the 2024-25 season, which is not impacted by this trade.)

Now, because Brooks’ bonus flips to unlikely, he’ll go on the Phoenix books at $1 million less. That means the Suns are bringing in $54.5 million, which is less than the $54.7 million that they send out. That makes this a legal trade.

This is a very rare occurrence where both teams are technically sending out more salary than they are bringing in, because of how Brooks’ bonus will flip upon completion of the trade. A relatively small, but incredibly important detail that allows this trade to be made.

Houston Rockets

Incoming salary: $54.7 million in 2025-26

• Kevin Durant (SF/PF, one year, $54.7 million)

Outgoing salary: $55.5 million in 2025-26

• Jalen Green (SG, three years, $105.3 million (player option for final season)), Dillon Brooks (SF, two years, $42.1 million)

In their first-round playoff loss in seven games to the Golden State Warriors, the Houston Rockets offense was a problem. The defense was good enough to keep the Rockets in every game, but they didn’t have enough offense to win the series. Houston averaged just 104 points, and that figure was pumped up by a 131-point explosion in Game 5. In order to win at the highest levels, the Rockets needed offensive help.

Mission accomplished.

Kevin Durant, for all the worries about his age, injury history and happiness levels, is still an elite offensive player. In 62 games for the Suns last season, Durant averaged 26.6 points on 53/43/84 shooting splits. The star forward isn’t getting to the basket like he once did, witnessed by his free throw rate slipping the last two seasons, but Durant remains a midrange killer. The shots the Rockets were getting, but couldn’t make against the Warriors? Durant buries those consistently.

Houston had to give up two starters to get Durant. Jalen Green is inconsistent, sometimes looking like an All-Star one night and backup guard the next. But when he’s on, Green is an offensive force. You hope consistency will come with age, but the Rockets are ready to win now. However, even despite his inconsistency, Green was the Rockets best on-ball creator. That’s something the team will need to replace.

Losing Brooks takes a defensive weapon away for a Rockets team that built their identity on that end of the floor. Brooks also put up two of his better shooting seasons while in Houston. Replacing Brooks’ 3&D impact is something Houston will have to figure out.

The Rockets also gave up the 10th overall pick in the 2025 NBA Draft. Given the trouble last year’s third overall selection had in cracking the rotation, it’s unlikely the 10th pick would have jumped right into playing for Ime Udoka as a rookie. Still, that’s Green, Brooks and a lottery pick headed out.

But, as the old saying goes: You have to give something to get something. And, crucially, the Rockets didn’t have to give everything to get Durant.

Houston still has Alperen Sengun, who should form a potent two-man duo with Durant on offense. The Rockets were likewise able to keep Amen Thompson, Jabari Smith Jr. and Reed Sheppard, who were all reportedly off limits in trade talks. The team also still has Tari Eason and Steven Adams for frontcourt depth. The pieces are in place for the Rockets to have a good, deep team.

In addition, Houston has pretty good flexibility for building out the rest of the roster. After this deal, the Rockets are about $33.6 million under the luxury tax line and $41.6 million under the first apron with 10 players on the roster. That doesn’t include Fred VanVleet or Aaron Holiday, who both have pending team options. That figure does include Jock Landale and Nate Williams Jr., who are a combined $10.3 million in expiring salary.

Let’s say the Rockets bring back Fred VanVleet on a salary around $25 million for next season (as part of a new contract), which is more commensurate with his ability than $44.8 million would be. Houston would then have more than enough room to use the full Non-Taxpayer MLE of $14.1 million. (Note: Houston does not have access to the Bi-Annual Exception this offseason, because they used it last season to sign Holiday.) That $14.1 million is more than enough for Rafael Stone to get another wing or guard in the fold. Because there isn’t much cap space available, the Non-Taxpayer MLE should have a bit more spending power than usual.

In addition to keeping several of their young players, the Rockets held onto all those future Suns picks that they hold. That’s huge, as the team will need to eventually replace Durant as he ages out.

As for Durant, he indicated as part of the trade process that the Rockets were one of the few teams that he’d sign an extension with. Houston has a couple of options. They can extend Durant as part of this trade and could give him a two-year, $122 million immediately. If the Rockets wait a bit for the extend-and-trade parameters to clear, they could bump that figure up slightly.

There’s also a chance Durant could take slightly less in an extension. That would free up some flexibility for Houston, who has to sign Smith and Eason to extensions this summer, then Thompson to an extension next summer.

The Houston Rockets got better in this trade…provided Rafael Stone is able to fill out the rest of the roster in a positive way. They’ve got the flexibility to do round out the roster this summer. Houston also has the trade assets to continue to tweak the roster, both this offseason and for the next few seasons.

Phoenix Suns

Incoming salary: $54.5 million in 2025-26

• Jalen Green (SG, three years, $105.3 million (player option for final season)), Dillon Brooks (SF, two years, $42.1 million)

Outgoing salary: $54.7 million in 2025-26

• Kevin Durant (SF/PF, one year, $54.7 million)

The market for Kevin Durant wasn’t nearly as strong as the Phoenix Suns had hoped it would be. They still got a decent return, but this wasn’t near the package that Phoenix sent out when they acquired Durant themselves. Such is life as a team constrained by the second apron that was trying to trade an unhappy, aging, injury-prone star.

With that depressing stage set, let’s try to be a bit more positive. Jalen Green can play. He’s inconsistent, but he still averaged 21 points in the regular season. Green is also 23 years old an on a fair-value contract, given his offensive ability. There’s a ton of talent there, provided it can be harnessed and fulfilled.

Brooks will help Phoenix, should he stick around. The Suns defense was extremely porous. New head coach Jordan Ott is probably already dreaming up ways to team Brooks with second-year player Ryan Dunn to lock up perimeter opponents. Brooks has also become a fairly consistent shooter, which will help open the floor for others.

Getting the 10th pick gives new Suns GM Brian Gregory some options too. Gregory will either get a lottery talent, who should be a Day 1 rotation player for Phoenix. Or he could swap that pick in another deal, ideally one that brings better balance to the roster.

That lack of roster balance is something that Gregory will have to address. By adding Green and Brooks, the Suns seven highest paid players are either shooting guards or small forwards. That group includes Devin Booker, Bradley Beal, Grayson Allen, Royce O’Neale, Cody Martin, and now, Green and Brooks.

You can get away with playing one of those guys at point guard, and a couple could slide up, along with Dunn, to play as a small-ball four. But that’s a lot of guys who play the same positions. That screams that the roster reconstruction has only just begun in Phoenix.

Unfortunately, this trade didn’t offer Phoenix any savings towards the tax or aprons. In fact, this deal brought additional money on the books for the 2026-27 season, but that’s something that will sort itself out over time. That means that all the second-apron restrictions the Suns have been dealing with for the last couple of years are still in place.

On the plus side, Phoenix now has five future second-round picks. Those will be helpful for adding cost-effective depth down the line, or by giving Gregory something to put into future trades.

It’s obvious that the Suns aren’t done retooling the roster. There’s mixed reporting about how the Suns see Jalen Green. Some are suggesting that he’s sticking around and the Suns have no intention of re-trading him. Other reports have Phoenix looking for a place to flip Green in a subsequent trade, or by expanding this deal before it’s made official.

It’s clear that something is going to happen to sort out the glut of guards and wing on the roster. The Suns had wanted a center in the Durant trade, but didn’t get one. That’s still a position of priority, as should be the power forward spot. This team still doesn’t have a pure point guard either, and we saw how scattered things got when Phoenix previously tried to play without a floor general.

For now, we can consider this trade to be a bit incomplete for the Phoenix Suns. They’ve got work to do to put a functional team on the floor next fall. Let’s see where Brian Gregory goes next, as this trade should be the first in a series of moves for Phoenix this summer.

Offseason Approach

Re-signing key free agents and adding depth for a Finals push

Actual Cap Space

-$111.7 million

Practical Cap Space

-$92.7 million

Projected Luxury Tax Space

$6.8 million

Under Contract (9)

Jaylen Clark
Mike Conley
Rob Dillingham
Donte DiVincenzo
Anthony Edwards
Rudy Gobert
Jaden McDaniels
Leonard Miller ($1.1 million guaranteed)
Terrence Shannon Jr.

View Roster

Potential Free Agents (9)

Nickeil Alexander-Walker (unrestricted)
Jesse Edwards (restricted – two-way)
Luka Garza (unrestricted – team option)
Bones Hyland (restricted – two-way)
Joe Ingles (unrestricted)
Josh Minott (restricted – team option)
Tristen Newton (restricted – two-way)
Julius Randle (unrestricted – player option)
Naz Reid (unrestricted – player option)

View Free Agents

Dead Cap (0)

None

Projected Signing Exceptions

Taxpayer MLE ($5.7 million)

Notable Trade Exceptions

Kyle Anderson ($8.8 million)
Karl-Anthony Towns ($4.7 million)

First Round Draft Pick

#17

Notable Extension Candidates

Donte DiVincenzo (veteran extension)
Josh Minott (veteran extension)
Leonard Miller (veteran extension)
Julius Randle (veteran extension)

Analysis

After a slow start, the Minnesota Timberwolves found their rhythm and made another run to the Western Conference Finals. This summer the Wolves will continue the quest for how to break through to the NBA Finals.

That quest is made tricky by the uncertain future for several key Minnesota players this summer. Julius Randle and Naz Reid can both opt for free agency. Nickeil Alexander-Walker is an unrestricted free agent. That’s a starter and two key reserves. And, in Randle’s case, that’s a major salary that will either be on or off the books.

We might as well start there, as Randle’s situation will probably set the tone for the Timberwolves offseason.

Path one for Randle is picking up his $30.9 million player option for next season. That’s the simplest way forward, but things do branch off from there.

If Randle opts in, Minnesota could then sign him to an extension that starts with the 2026-27 season. The veteran forward will turn 32 near the start of that season, so an extension shouldn’t go all the way to the max for Randle. Something in the range of $30 million AAV over three or four years would make sense. That keeps the former All-Star well-paid, while not inflating the Wolves already expensive salary sheet more than necessary.

Path two for Randle and Minnesota could see him opt out, but then ink an extension before hitting free agency. In that case, the Wolves could start the big man at a salary that is slightly less than the nearly $31 million he was set to make for the upcoming season. That could give the team the flexibility to re-sign Reid and Alexander-Walker, without pushing too far past the second apron. More on this in a bit!

The third path sees Randle opt out. From there, he either re-signs, which could look a lot like the opt-out-and-extend option we laid out above. Or Randle could look around in free agency. The issue with the latter idea is that only the Brooklyn Nets have significant cap space this summer, and they aren’t likely to sign a pricey veteran like Randle.

The final path is that Randle picks up his option and plays out next season without anything locked in for the future. Given that he’s heading into Year 12 and on the other side of 30 years old, bet on Randle looking to get something done that gives him security beyond the upcoming season.

Having Randle in the fold is critical for the Wolves, because they don’t really have a replacement for him on the roster. Despite his flaws, Randle is a good scorer, rebounder and playmaker. He’s also a good fit with Anthony Edwards, Jaden McDaniels and Rudy Gobert. In addition, having another salary in the range of $30 million would give Minnesota a nice chunk of tradable salary to use in future trades.

When it comes to Naz Reid, he’ll be looking to cash in this offseason. He’s got a $15 million player option, but that’s very likely to be declined. Reid isn’t extension-eligible, so this will be a straight-up re-signing situation.

If Randle is back and with Gobert in the fold, Reid will be ticketed for a backup role with the Timberwolves again. He’s excelled there, but this is the point of a career where a player wants to test himself as a starter. That could be a factor in whether or not Reid re-signs this offseason.

Of course, money will also be a factor. While there’s a great deal of interest in Reid in free agency, most teams will be limited to offering him the Non-Taxpayer MLE. That’s less than the option Reid would be declining. That means that if Reid changes teams this summer, it’s probably via sign-and-trade. That would be a good way for the Wolves to recoup some value, while rebuilding their depth.

Part of that outgoing depth could include Nickeil Alexander-Walker. After another strong regular season, combined with a solid playoff run, Alexander-Walker is drawing a ton of interest as an unrestricted free agent. He’s a target for several different teams using the Non-Taxpayer MLE. The good news for Minnesota? They have full Bird rights and can beat MLE offers to keep Alexander-Walker. The bad news? Doing so would very likely push the Timberwolves past the second apron again.

While the new ownership group has said that they won’t break up the team over tax concerns, the second apron is a whole other issue for the Wolves. Because they finished last year over the second apron, Minnesota’s 2032 first-round pick is already frozen. Finishing over the second apron again would mean the same for the team’s 2033 first-round pick too. And it would push the team one year further away from “thawing” out those picks and getting them unfrozen.

And that’s before we get to all of the other roster restrictions that would make it difficult for Minnesota to add outside talent. For a team that is out several draft picks moving forward, these are real issues, beyond just have an incredibly expensive roster.

If any of Randle, Reid or Alexander-Walker move on, the Timberwolves might be able to avoid the second apron. But that comes at the loss of a key rotation player. That would put increased pressure on 2024 first-round picks Rob Dillingham and Terrence Shannon Jr. to step into rotation roles next season. That’s probably going to happen anyway, but having the vets around would make that transition easier.

Minnesota also has a few other free agent decisions to make. Josh Minott has flashed potential, but hasn’t been able to force his way into the rotation. He’s unlikely to spark a bidding war in unrestricted free agency in 2026, so expect the Timberwolves to pick up their option for him for next season.

The same will likely be true of Luka Garza, who provides good frontcourt depth at the end of the bench. The team’s other unrestricted free agent is Joe Ingles. We’re at the point where Ingles’ desire to play and the availability of roster spot will determine if he’s back on a minimum deal or not.

Of the two-way players, Tim Connelly took another shot on his former Denver draftee Bones Hyland. He’d be a candidate to return, but Hyland is out of two-way eligibility. There isn’t likely to be a standard roster spot for him to return to, barring other roster changes.

Jesse Edwards and Tristen Newton both showed enough in the G League to come back on two-way deals. As older prospects, this is probably a “one more year” type of situation. But many teams prefer some more experience in the two-way ranks.

At the draft, the Wolves have a mid-round pick in the first round. That should land them an eventual rotation player. There are a lot of options in that range of the draft, including both developmental prospects and guys who are ready to pay now. Given the team has fairly solid depth across the board, Minnesota can take the best-player-available approach.

This offseason is going to test how committed the Minnesota Timberwolves are to this group. There are real decisions to be made with several key players, and that’s before we even factor in making a big trade. There’s nothing preventing the Wolves from paying everyone to bring them back, minus those ever-present second-apron issues. It’s just a question of weighing the present vs the future vs the cost of a team that is close, but not quite there.