Beyond those big names at the top, this is an incredibly deep free-agent class. With most teams struggling to find cap room, the market could get really interesting this summer.
Now that free agency has started, keep checking back to see where the top players have signed.
Kevon Looney’s Return On A Minimum Deal Saves The Golden State Warriors Over $3m
The dream summer of the Golden State Warriors just got even better, with the news that forward Kevon Looney has agreed to return to the team on a veteran minimum deal. The team’s 2015 draft pick was a free agent after the Warriors declined his fourth year option back at the end of October. At the time it seemed like a reasonable decision as Looney had struggled in his first couple of years with injuries.
Naturally the Warriors were keen to retain him. However that earlier decision to decline his option loomed large. Once that option was declined he became an unrestricted free agent, with the Warriors limited to what that option would have been – around $2.2m.
Again though, the tight free agent market this year has aided the Warriors. Like many other big men, Looney’s value was squeezed and he ended up signing for a minimum contract worth just over $1.5m, saving the front office $700,000. That doesn’t sound like much, but per Sportrac.com the Warriors salary number prior to Looney signing was $140,617,646.
The final numbers won’t be clear until the Warriors have rounded out their roster, but adding Looney’s contract, Patrick McCaw’s qualifying offer, and two more veteran minimums would put the Warriors somewhere in the $20-25m range above the tax line. At that point every tax dollar is multiplied by $3.75. So that $700,000 turns into a saving of over $3m for the team once you take into account the luxury tax savings as well.
Looney now has the opportunity to play more minutes, while contending for a championship, and enter free agency again next summer. Only this time the Warriors will possess his full bird rights so will be able to go over the cap and re-sign him without any restrictions. If he has another year like the one he’s just had, the odds are he’ll be in a Warriors uniform for some time yet.
|RANK||PLAYER (AGE)||POS||LAST TEAM||NEW TEAM||STATUS|
|1||LeBron James (33)||F||Agreed to 4-year, $154M deal|
|2||Kevin Durant (29)||F||Reportedly agreed to one-and-one deal worth $61.5M|
|3||Paul George (28)||F||Reportedly agreed to 4-year, $137M deal|
|4||Chris Paul (33)||G||Reportedly agreed to 4-year, $160M deal|
|5||Clint Capela (24)||C||RFA|
|6||DeMarcus Cousins (27)||C||Reportedly agreed to 1-year, $5.3M deal|
|7||DeAndre Jordan (29)||C||Reportedly agreed to 1-year, $24.1M deal|
|8||Aaron Gordon (22)||F||Reportedly agreed to 4-year, $84M deal|
|9||Julius Randle (23)||F||Reportedly agreed to 2-year, $18M deal|
|10||Marcus Smart (24)||G||RFA|
|11||JJ Redick (34)||G||Reportedly agreed to 1-year deal worth $12M-to-13M|
|12||Trevor Ariza (33)||F||Reportedly agreed to 1-year, $15M deal|
|13||Derrick Favors (26)||F/C||Reportedly agreed to a 2-year, $26M deal|
|14||Isaiah Thomas (29)||G||UFA|
|15||Tyreke Evans (28)||G||Reportedly agreed to 1-year, $12M deal|
|16||Jabari Parker (23)||F||RFA|
|17||Jusuf Nurkic (23)||C||RFA|
|18||Zach LaVine (23)||G||RFA|
|19||Will Barton (27)||G||Reportedly agreed to 4-year, $54M deal|
|20||Fred VanVleet (24)||G||Reportedly agreed to 2-year, $18M deal|
|21||Luc Mbah a Moute (31)||F||UFA|
|22||Avery Bradley (27)||G||Reportedly agreed to 2-year, $25M deal|
|23||Rajon Rondo (32)||G||Reportedly agreed to 1-year, $9M deal|
|24||Wayne Ellington (30)||G||UFA|
|25||Brook Lopez (30)||C||UFA|
|26||Kentavious Caldwell-Pope (25)||G||Reportedly agreed to 1-year, $12M deal|
|27||Rudy Gay (31)||F||Reportedly agreed to 1-year, $10M deal|
|28||Rodney Hood (25)||F||RFA|
|29||Joe Harris (26)||G||Reportedly agreed to 2-year, $16M deal|
|30||Montrezl Harrell (24)||F||RFA|
|31||Dante Exum (22)||G||Reportedly agreed to 3-year, $33M deal|
|32||Elfrid Payton (24)||G||Reportedly agreed to 1-year, $2.7M deal|
|33||Greg Monroe (28)||UFA|
|34||Nerlens Noel (24)||C||Reportedly agreed to 2-year deal, $3.5M deal|
|35||Kyle Anderson (24)||F||RFA|
|36||Dirk Nowitzki (40)||F||Reportedly agreed to 1-year, $5M deal|
|37||Ersan Ilyasova (31)||F||Reportedly agreed to 3-year, $21M deal|
|38||Aron Baynes (31)||C||Reportedly agreed to 2-year, $11M deal|
|39||Michael Beasley (29)||F||UFA|
|40||Dwyane Wade (36)||G|