July 6 open thread: Moratorium ends; Vince signs in Sacramento

Kyle Lowry is returning on a 3-year, $100-million deal – reaction

Serge Ibaka re-signs on 3-year, $65-million deal – reaction

P.J. Tucker signs with Houston on 4-year, $32-million deal – reaction

Patrick Patterson signs with Oklahoma City on 3-year, $16.4-million deal – reaction

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The NBA’s free agent moratorium ends today at noon, which means the last five days of fervent speculation and unofficial activity will materialize in a fun game of filing paperwork, sequencing transactions, and maybe finding out specifics about how contracts are structured (please). At noon, all of these deals can begin coming official. Expect the Toronto Raptors to announce the re-signings of Kyle Lowry and Serge Ibaka and set a press conference time and date. Expect a lot of the league to do the same. This might be when some more mid-level pieces start to drop into place, too (Hi, CJ Miles), though the Raptors are likely still focused on finding a way to shed salary.

It should be a busy day, although we won’t update things like reported deals becoming official. Today will probably be the last open thread, and then I’m off for Summer League tomorrow. Let’s try to keep the comments a little more civil today.

Resources & Required Reading

If you haven’t yet, go and read my free agency primer, which goes into a lot of the details about the Raptors’ cap situations and what they can and can’t do. Some other links:

Contextualizing earlier reports of Kyle Lowry’s dissatisfaction
The “right” direction for the Raptors is a matter of perspective, and nobody is really wrong in wanting one path over another
A salary cap Q&A as a follow-up to my primer
The Raptors can find ways to shed salary, but they might be hard to stomach
An explainer on the new two-way contracts and how the Raptors might use them
The Raptors probably won’t be big free agent players, but just in case, some interesting names on the market and a look at Masai Ujiri’s free agent track record

As a quick refresher, this is what the Raptors’ cap sheet looks at right this second, based on the assumption that Ibaka’s deal is completely back-loaded and that Lowry’s deal contains $100 million in back-loaded cap hit:

If Lowry’s cap number only comes in at $90 million over three years and is completely back-loaded, his cap hit for this year could drop by about $3.09 million, which would be a pretty enormous deal. They’d still need to dump salary, but they’d be within one big contract of getting under the tax line. We probably won’t know for sure until the moratorium ends on July 6.

(Notes: I’m displaying this just a little different from yesterday. I’m also excluding De Colo/Thompson from the tax number since their cap holds won’t count but do effect the salary cap. VanVleet has a higher tax number than cap number, too [equal to Powell’s].)

To help calibrate with the new CBA and rise in cap, here’s a chart containing all of the maximums and exception amounts, based on the new $99,093,000-million salary cap (note that for the minimum salaries, those deals can run longer if cap space is used, but they max out at two years if a team is using the minimum player salary exception):

Here are a few other very useful resources:

Raptors rumors

A reminder: There is a ton of information to sort through this time of year. Some of it will be legitimate, some of it will be misinformation. Always consider the source, their track record, and why a player/agent/team may want information out in the world.

Thursday

The Raptors have signed Malcolm Miller to a two-way contract.
The Raptors will have a presser for Lowry and Ibaka tomorrow morning.
The moratorium….IS LIFTED

Where things stand – End of Wednesday

Kyle Lowry is back on a three-year deal worth a reported $100 million. Bruce Arthur reports that only $90 million of that is guaranteed, but we’ll have to wait to see the contract breakdown before adjusting his cap number, in case the non-guaranteed portion is built into likely bonuses.
Serge Ibaka is also back, on a three-year, $65-million deal.
P.J. Tucker has signed with the Rockets. It hurts.
Patrick Patterson is headed to OKC on a three-year deal. I wrote about it more here.
The Raptors were once in on Amir Johnson but he signed in Philly.
Toronto is trying to shed salary to lessen their tax hit and improve flexibility. There’s nothing imminent there. Indiana signing Darren Collison likely ended any chance of Cory Joseph being flipped there.

Reported agreements/close – Thursday

The following deals have either been reported as done or in the finalization stages. Until noon on July 6, nothing is absolutely locked in (remember DeAndre Jordan?), but if it’s on this list, it’s done per a reporter on the trusted list.

Kelly Olynyk, Heat, 4 years, $50M (Adrian Wojnarowski)
Rudy Gay, Spurs, 2 years, $17M (Adrian Wojnarowski)
Milos Teodosic (!!), Clippers, 2 years, $12.3M (Adrian Wojnarowski)
Dirk Nowitzki, Mavericks, 2 years, $10M (Tim MacMahon)
Vince Carter, Kings, 1 year, $8M (Adrian Wojnarowski)

Reported agreements/close – Earlier

Steph Curry, Warriors, 5 years, $201M (Shams Charania)
Blake Griffin, Clippers, 5 years, $175M (Sam Amick)
Gordon Hayward, Celtics, 4 years, $128M (Gordon Hayward/Shams Charania) (potential sign-and-trade)
Jrue Holiday, Pelicans, 5 years, $126M (Adrian Wojnarowski)
Otto Porter, Nets, 4 years, $104M (Offer sheet) (Shams Charania)
Kyle Lowry, Raptors, 3 years, $100M (Michael Scotto)
Paul Millsap, Nuggets, 3 years, $90M (Shams Charania)
Serge Ibaka, Raptors, 3 years, $65M (Adrian Wojnarowski)
Danilo Gallinari, Clippers, 3 years, $65M (Adrian Wojnarowski (3-team sign-and-trade)
Jeff Teague, Timberwolves, 3 years, $57M (Marc Stein)
George Hill, Kings, 3 years, $57M (Shams Charania)
Kevin Durant, Warriors, 2 years, $53M (Marcus Thompson)
Joe Ingles, Jazz, 4 years, $52M (Adrian Wojnarowski)
Dion Waiters, Heat, 4 years, $52M (Adrian Wojnarowski/Michael Scotto)
Patty Mills, Spurs, 4 years, $50M (Adrian Wojnarowski)
Andre Iguodala, Warriors, 3 years, $48M (Adrian Wojnarowski)
Tony Snell, Bucks, 4 years, $46M (Adrian Wojnarowski)
Cristiano Felicio, Bulls, 4 years, $32M (Shams Charania)
PJ Tucker, Rockets, 4 years, $32M (Shams Charania)
Andre Roberson, Thunder, 3 years, $30M (Adrian Wojnarowski)
Taj Gibson, Timberwolves, 2 years, $28M (Shams Charania)
Zach Randolph, Kings, 2 years, $24M (Adrian Wojnarowski)
Shaun Livingston, Warriors, 3 years, $24M (Chris Haynes)
JJ Redick, 76ers, 1 year, $23M (Adrian Wojnarowski)
Kyle Korver, Cavaliers, 3 years, $22M (Shams Charania)
Langston Galloway, Pistons, 3 years, $21M (Adrian Wojnarowski)
Darren Collison, Pacers, 2 years, $20M (Adrian Wojnarowski)
Patrick Patterson, Thunder, 3 years, $16.4M (Adrian Wojnarowski)
Amir Johnson, 76ers, 1 year, $11M (Adrian Wojnarowski)
Nene, Rockets, 3 years, $11M (Adrian Wojnarowski)
Ben McLemore, Grizzlies, 2 years, $10.7M (Chris Haynes)
Justin Holiday, Bulls, 2 years, $9M (Shams Charania)
Jodie Meeks, Wizards, 2 years, $7M (Shams Charania)
Nick Young, Warriors, 1 year, $5.2M (Adrian Wojnarowski)
Michael Carter-Williams, Hornets, 1 year, $2.7M (Rick Bonnell)
Wayne Selden, Grizzlies, 2 years, TBD (Michael Scotto)
Daniel Theis, Celtics, 2 years, TBD (Adrian Wojnarowski)
Jose Calderon, Cavaliers, 1 year, $2.3M (Jeff Zilgitt)
David West, Warriors, 1 year, $2.3M (David Aldridge)
Omri Casspi, Warriors, 1 year, $2.1M (Adrian Wojnarowski)
Mike Scott, Wizards, 1 year, $1.7M (Adrian Wojnarowski)
Ron Baker, Knicks, TBD, TBD (Ron Baker on Twitter)

Trades & Other

Miami is trading Josh McRoberts and a pick to Dallas for A.J. Hammons (Adrian Wojnarowski)
Indiana waived Monta Ellis with the stretch provision. (Shams Charania)
Miami waived Chris Bosh (and no, I don’t have any additional info on his medical status). (Miami Heat)
The Nuggets sign-and-trade Danilo Gallinari to the Clippers, Atlanta receives Jamal Crawford, Diamond Stone, and a first-round pick, and Denver gets a second-round pick. (Adrian Wojnarowski)
The Pacers are trading Paul George to the Thunder for Victor Oladipo and Domantas Sabonis. Seriously. (Ramona Shelburne first)
The Wolves are trading Ricky Rubio to Utah for a first-round pick. (A whole mess of people at once)