2024 NBA Offseason Signings

Keith Smith
Keith Smith, Resident NBA ExpertJune 28, 2024
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A running list of notable 2024 NBA Free Agents agreements and signings throughout the free agency period, ordered by agreement date.

Immanuel Quickley – Brooklyn Nets

Status:

Agreed on June 28, 2024 – Free agent

Terms:

5 years, $175 million (AAV $35 million)

Estimated Salaries: 

2024-25: $30,172,414

2025-26: $32,586,207

2026-27: $35,000,000

2027-28: $37,413,793

2028-29: 39,827,586

Thoughts:

Quickley checking in at $35 million AAV is exceedingly fair. There seems to be this stigma with some that he’s still a backup-level point guard. He’s not. Quickley is a good starter. He showed that in his half-season in Toronto. This is a good deal for the Raptors and they now have Quickley and Scottie Barnes both locked in as their long-term building blocks.

Nicolas Claxton – Brooklyn Nets

Status:

Agreed on June 26, 2024 – Free agent

Terms:

4 years, $100  million (AAV $25 million)

Estimated Salaries: 

2024-25: $22,321,429

2025-26: $24,107,143

2026-27: $25,892,857

2027-28: $27,678,571

Thoughts:

Some seem to think $25 million AAV is too much for Claxton. That’s probably not the case. He’s a top-tier defensive center. He can switch and hold his own, and he’s a terrific rim protector. Claxton is a limited offensive player, but he’s been improving as a screener and passer. At no point will this contract turn sour or become untradeable for Brooklyn.

OG Anunoby – New York Knicks

Status:

Agreed on June 26, 2024 – Free agent

Terms:

5 years, $212.5  million (AAV $42.5 million)

Estimated Salaries: 

2024-25: $36,637,931

2025-26: $39,568,966

2026-27: $42,500,000

2027-28: $45,431,034

2028-29: $48,362,069

Thoughts: 

The Knicks are all-in on this group. They said they were confident in keeping Anunoby after surrendering a lot of talent to get him ahead of last season’s trade deadline. They certainly had to pay up to do so, but it’s worth it. Anunoby will pair with the newly-acquired Mikal Bridges to give the Knicks a dynamite defensive wing duo.

Bam Adebayo – Miami Heat

Status:

Agreed on June 26, 2024 – Maximum veteran extension

Terms:

3 years, $165.83  million (AAV $55.3 million)

Estimated Salaries: 

2026-27: $51,183,000

2027-28: $55,277,640

2028-29: $59,372,280

Thoughts: 

Adebayo could have gotten more money from the Heat. A lot more money, actually. If Adebayo had waited a year, he could have added four years and a total of $229.3 million. If Adebayo had made All-NBA or won Defensive Player of the Year (neither are a stretch for him) in either 2024-25 or 2025-26, he could have signed a five-year supermax extension for $346.3 million. This deal is a massive win for the Heat. Adebayo will get back on the market in his early-30s, so he’ll get a fourth contract too. That’s nice, but still a bit strange that he passed up on a realistic chance at becoming supermax eligible in either of the next two seasons.

Scottie Barnes – Toronto Raptors

Status:

Agreed on June 24, 2024 – Rookie Scale extension

Terms:

5 years, $224.90  million (AAV $44.98 million)

Estimated Salaries: 

2025-26: $38,775,000

2026-27: $41,877,000

2027-28: $44,979,000

2028-29: $48,081,000

2029-30: $51,183,000

Deal contains Designated Rookie language for 30% of the 2025-26 cap

Thoughts: 

Barnes got exactly what we predicted. He’s the face of the franchise for the Raptors now. This contract and commitment reflects that.

 

Malik Monk – Sacramento Kings

Status:

Agreed on June 20, 2024 – Free Agent

Terms:

4 years, $77.9 million (AAV $19.5 million)

Estimated Salaries: 

2024-25: $17,405,203

2025-26: $18,797,619

2026-27: $20,190,035

2027-28: $21,582,451 (Player Option)

Thoughts: 

This is a steal for the Kings. Monk could have gotten a deal between $20 and $25 million AAV in free agency. But you can’t put a price on comfort and happiness, which Monk has found in Sacramento.

Pascal Siakam – Indiana Pacers

Status: 

Agreed on June 19, 2024 – Free Agent

Terms: 

4 years, $189.5 million (AAV $47.4 million)

Estimated Salaries: 

2024-25: $42,300,000

2025-26: $45,684,000

2026-27: $49,068,000

2027-28: $52,452,000

Thoughts: 

Siakam was always destined to re-sign with the Pacers. They gave up too much to get him to let him leave after a half-season run. Indiana did well to keep this to a four-year max deal instead of the full five years they could have offered. This contract should take Siakam through the rest of his prime.


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