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The Benefits of Being a Restricted Free Agent

Restricted free agents in the NBA often cash in, and Moke Hamilton explains how the system facilitates it.

Moke Hamilton



With the NBA officially announcing their salary cap numbers for the 2014-15 season, scores of free agents will be laughing their way to the bank over the coming days and weeks.

But none, perhaps, more than Gordan Hayward of the Utah Jazz.

While Eric Bledsoe and Greg Monroe and some of the other restricted free agents who still find themselves on the open market ponder what their financial futures hold, Hayward is content with the knowledge that over the course of the next four years, he will be paid $63 million by either the Charlotte Hornets or Utah Jazz. This is the result of Hayward, a restricted free agent, coming to terms on the maximum-allowable four-year offer sheet with the Hornets.

Is Hayward worthy of being paid the maximum-allowable salary? It is a subjective question. Statistically, he has shown upside and growth over the course of his first four years in the NBA. Despite the fact that his Jazz have gone a combined 143-169 since his entry into the league, Hayward has progressed admirably and is coming off of a career-best year in which he averaged 16.2 points, 5.1 rebound and 5.2 assists per game.

In the past, players who have put up better numbers on winning teams have seen far less lucrative paydays. For his riches, Hayward should thank the NBA’s restricted free agent system. By its very nature, it has been the golden egg for youngsters who have shown promise over the course of their rookie deals.

If Hayward were not restricted, he would not have received such a lucrative offer. The system in and of itself required non-incumbent NBA teams to overpay for fringe or marginal players. In the NBA, youngsters are often paid based on promise and this is no fault of Hayward.

It’s a systematic issue that makes those who understand the NBA’s financial model and the minds of its collective athletes wonder if there is merit behind the elimination of a maximum salary. We have seen the maximum-allowable salary become the opposite of a glass ceiling. In many ways, it has become a line in the sand that a non-incumbent team must be willing to step to in an attempt to both show a restricted free agent that they covet his abilities, as well as dissuade the incumbent team from matching their offer.

Hayward—whether the Jazz let him walk or not—is just the latest to prove a now-obvious truth: It pays to be an in-demand restricted free agent.

Bledsoe and Monroe—the market’s other in-demand restricted free agents—are next in line.

By NBA rule, a restricted free agent is one who is coming off of his rookie contract and has been tendered a one-year qualifying offer by his incumbent team. At that point, he may either accept the one-year qualifying offer and become an unrestricted free agent the following summer or go out on the open market in pursuit of multi-year offer sheet. If he is offered one and he signs it, his incumbent team has three days to determine whether or not they will match its terms. If they do, the incumbent team will retain the player’s rights for the duration of the tendered term. If not, he becomes the property of the offering team.

In recent memory, Landry Fields (three years, $20 million), Jeremy Lin (three years, $25 million), Omer Asik (three years, $25 million), Roy Hibbert (four years, $60 million) and Brook Lopez (four years, $60 million) have cashed in, at least partially, due to the restricted free agency system.

We have seen astute and lucid general managers both uncover and utilize loopholes in the NBA’s current collective bargaining agreement to use lump sum payments, poison pills, trade kickers and contracts that are just, all-around, difficult to move.

Though his basketball talent is undeniable, nobody illustrates this point better than Lin. It was just two shorts years ago that Linsanity took the world by storm. Back then, the Rockets came running with a well-renowned, back-loaded poison pill contract that saw Lin being forked over a guaranteed $25 million. He was essentially rewarded with that contract based merely on 25 exceptional starts as a member of the New York Knicks.

Now, before the three-year duration of his contract expires, he and his contract have become a mere pawn in the Rockets’ maneuvering to sign a third player to complete their vision of a “Big Three” in Houston with James Harden and Dwight Howard.

Across the league, Fields—coincidentally, Lin’s best friend and former teammates as a member of the Knicks—was offered his current contract by the Toronto Raptors. At the time, the Raptors were attempting to lure Steve Nash from the desserts of Phoenix to Toronto and extended the rich offer to Fields merely as a means to keep Nash from the Knicks, whom they thought was their biggest competitor for Nash’s services.

Fields was given the offer because, by rule, once a restricted free agent signs an offer sheet, his incumbent team is not permitted to sign-and-trade him. The Raptors thought they were helping themselves acquire Nash but really only ended up with one of the most questionable contracts we have seen doled out in quite some time.

After two seasons with the Raptors, Fields has appeared in 81 total games, averaging 3.8 points and 3.3 rebounds in 16.8 minutes per game.

Asik—also signed by the Rockets—is the most productive of this trio, but that the Rockets agreed in principle to trade him to the New Orleans Pelicans in what amounts to a salary dump is somewhat proving the general point here: attempting to steal a restricted free agent away from their incumbent team is often a risky, if not all-around fruitless, proposition.

The system in and of itself forces the non-incumbent team to overbid for the restricted free agent’s services. Put quite simply: if the offered contract is reasonable, the incumbent team is likely to match.

Back in 2012, Hibbert signed a maximum-allowable, four-year, $58 million offer sheet with the Portland Trail Blazers. His Indiana Pacers decided to match. Now, after his pitiful playoff performance this past spring, Hibbert just might be the most available maximum-salaried player in the entire league.

That same summer, Lopez was a restricted free agent and was left twisting in the wind while the Brooklyn Nets attempted to figure out a way to steal Dwight Howard away from the Orlando Magic. Once the Nets realized that either the Blazers or Charlotte Hornets would offer Lopez a maximum-allowable offer sheet, they opted to jump, rather than be pushed.
Lopez signed a four-year, $61 million deal to remain with the Nets, whose management was cognizant of the aforementioned perilous contract features that the Hornets could have used to make matching the offer more painful for the deep-pocketed Nets.

Now, as questions persist about Lopez’s faulty feet, the Nets are still on the hook to him for two more years at the tune of about $32.5 million.

Hayward is a great player with great days ahead. The same can be said of both Bledsoe and Monroe.

And yes, there have certainly been instances in which pilfering a restricted free agent from his incumbent team has worked out for all parties, but the recent past has shown it to be a risky proposition.

So, to you Mr. General Manager, think twice before you extend that maximum offer sheet because recent history shows that what may seem like a coup today, may be a bit of a hindrance two years from.

In the end, whether it be Hayward or Bledsoe, in year two of his four-year deal, he may simply end up being Lin or Asik.

In the end, your prized signing may ultimately just end up being a pawn twisting in the wind, not a player leading a franchise’s revival.

Moke Hamilton is a Deputy Editor and Columnist for Basketball Insiders.


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NBA AM: Was Watson Setup To Fail or Just Ill Equipped?

Was Phoenix’s Earl Watson setup to fail or did he just not have the tools and experience to overcome the tenuous job of a rebuild?

Steve Kyler



Set Up To Fail? Maybe

The Phoenix Suns have parted ways with head coach Earl Watson just three games into the 2017-18 season. Associate head coach Jay Triano is expected to be his replacement as interim head coach.

Some have suggested that Watson was set up to fail, but let’s be honest for a minute. Was Watson really the best option the Suns had after parting ways with Jeff Hornacek during the 2015-16 season? Watson was well liked and that an easy and intoxicating concept, but even as an interim coach Watson won just nine games in 33 tries.

It’s not as if Watson took the team in a totally new direction; the Suns were a bad team when they took the gamble on Watson. Moving the needle wasn’t exactly likely when the massive inexperienced Watson took over the team. Is anyone really surprised he couldn’t make it work?

Sure, the roster and the priorities of the franchise were an uphill climb, but let’s be real for a minute: The Suns couldn’t have expected Watson to have the tools to bring it all together. Rebuilding is hard all by itself, and doing so with a head coach that has never coached isn’t exactly smart. In fact, it rarely works out.

It’s easy to say Watson was set up to fail, but equally easy to say he never had the experience to believe he’d be successful. It was a gamble on the Suns’ part, a gamble that ran its course.

So What Next?

The Suns are not very good, as three straight blow out losses have proven. It’s possible that Triano can make enough changes to at least get the Suns to compete, but the word in NBA circles was the Suns locker room had basically quit after three games, so Triano’s task may be tough for even a coach that been around the block a few times.

Like Watson, Triano is incredibly likable and approachable, but unlike Watson, Triano has experience. Triano has experience not only as a head coach, having coached the Toronto Raptors for three years, but he is the head coach of the Canadian National Team and has been on the Team USA and Portland Trail Blazers staff as an assistant. While Triano’s stint in Toronto looked a lot like Watson’s stint in Phoenix, the big difference is Triano has been around a lot more situations and may be better equipped to put a system and structure in place that could yield improvement, or at least that’s the newest bet the Suns are making.

With Triano at the helm, it’s also likely that the front office will have a better relationship than what’s emerged in Watson’s time in Phoenix. General Manager Ryan McDonough and Watson haven’t exactly been on the same page, and Watson had grown emboldened enough to make it clear in the media somethings were not in his control, often taken subtle shots at decisions made by the front office.

It is rare for inexperience and dysfunction to yield success. The hope is Triano will smooth some of that over.

“I Dont wanna be here.”

As news of Watson’s firing began to leak Suns guard Eric Bledsoe, who had a very good relationship with Watson, took to Twitter to announce “I Dont wanna be here.”

Bledsoe has been a constant name in NBA trade circles for the last few years, and with Watson out of the picture, Bledsoe seems to be looking for the door too.

The 27-year-old Bledsoe has two more seasons remaining on his deal, $14.5 million this season and $15 million owed for next season. The Suns have listened to offers on Bledsoe off and on for some time, with many in NBA circles believing this would be the season the Suns would finally trade him.

With Watson, a long-time champion of Bledsoe, out of the picture, there is a belief that Bledsoe’s role is going to decrease, which is likely why Bledsoe took to Twitter.

Pulling off a trade three games into the season seems highly unlikely, especially given that Bledsoe has likely killed his own trade value. There have been several teams over the last two seasons with interest in Bledsoe; the question is, will the Suns close this chapter or try and see if Bledsoe can help them right the ship under Triano and rebuild some trade value when the trade market opens up in December?

$41.11 Million

Of the Phoenix Suns’ $85.448 million in guaranteed contracts, $41.11 million belongs to Bledsoe, injured guard Brandon Knight and center Tyson Chandler. You can toss $10 million more for injured forward Jared Dudley. While Bledsoe and Chandler have played in all three regular-season games, both are not part of the long-term future of the team.

The question becomes, what role will they play under Triano?

The Suns are truly a tale of two teams. There is the old veteran squad that is clogging up the top of the Suns salary cap chart, and there are rookie scale players that are the future, and not coincidentally the players performing at their worst so far this season.

Will the Suns just let the $41.11 million owed at the top just sit, or will the Suns try and fire-sale some of those veterans? The belief is they would like to do the latter.

As much as people may want to say Watson was set up to fail, the evidence in the situation is he was never proven enough to succeed.

The Suns are in a dreadful no-man’s land of bad contracts and underperforming players. Maybe a more proven established coach could have set this situation in a better direction, but the reality is Watson was never experienced enough to handle a rebuild like this because getting the most out of players while losing is a very tough job even for the most experienced of coaches.

Watson, like many before him, will find another job in the NBA. Maybe like Triano who is replacing him, he can take the lessons learned in Phoenix and become a better coach somewhere down the road and get a shot with a team that wouldn’t require as much as the Suns desperately need.

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NBA Sunday: Kristaps Porzingis Sure Looks Ready To Be The Franchise

The Knicks hope Kristaps Porzingis can become their franchise. Thus far, he seems up to the challenge.

Moke Hamilton



He stood in front of his mentor, isolated, just like they used to do in practice.

He’d seen the jab steps before and the head fakes—they were nothing new. And when Carmelo Anthony mustered the acceleration he still has in his 33-year-old legs to drive around Kristaps Porzingis, Anthony knew he had the 7-foot-3 Latvian big man beat.

Anthony triumphantly rose to the basket and delicately attempted his right-handed layup. Before he knew what hit him, though, Anthony’s shot had been sent to the free throw line.

The message was clear—Kristaps had taken the torch.

“It was fun,” Porzingis said about his confrontation with Anthony. “We went at it in practices a lot and one-on-one after practices.

“It was a lot of fun knowing what he was going to do and try to stop him.”

The Oklahoma City Thunder were much closer to the NBA Finals than the Knicks were last season, and removing Anthony from the Knicks and pairing him with Russell Westbrook and Paul George gives the Thunder a triumvirate that can at least conceivably challenge the Golden State Warriors. They are perhaps the only team in the entire league with enough firepower and defensive pieces.

So no, the Knicks may not be hoisting the Larry O’Brien trophy anytime soon, but at the very least, the franchise seems to be in good hands—the big, soft hands of Porzingis.

As young NBA players come into their own and attempt to fulfill the lofty expectations that everyone has of them, the third year is the charm, almost invariably. And in that that year, a young player can’t control the other pieces that are around him—that’s why they shouldn’t be judged by their team’s wins and losses.

In that third year, a young player also can’t really control the frequency of his injuries. The simple truth is that many 21 or 22-year-old players simply lack the hardened bones of a fully grown adult that most men become after the age of 25.

But what the young player can prove is that he is prepared to shoulder the burden and take the fight to anyone who stands before him. Giannis Antetokounmpo of the Milwaukee Bucks epitomizes this ideal better than any other young player in the league. He is absolutely fearless and it’s a pleasure to watch.

So is Porzingis.

Since the influx of European-born players began about 20 years ago, we have seen our fair share of “soft” European players. His talent aside (which is considerable), Porzingis has proven to be anything but, and that by itself can help players go a very long way.

In what must have felt like the longest summer ever, Porzingis saw the franchise that drafted him undergo an overhaul that resulted in a light beaming so brightly on him, you would have thought the third-year forward was starring in a Broadway musical.

Say what you want about Porzingis, but he has already done all that he can to notify everyone that have anything to do with the Knicks that his bony shoulders aren’t indicative of the weight he’s capable of carrying.

And in Oklahoma City, against his mentor, Porzingis did the heavy lifting.

“I saw energy,” head coach Jeff Hornacek said after his team’s opening night loss.

“He was great moving. He played 38 minutes, and maybe last year that would be a struggle. He would maybe get tired, and get some silly fouls, but even toward the end on that 37th or 38th minute, he was still up hollering, moving, blocking shots and getting rebounds, so he had a great game and we expect a lot more of that from him.”

Being a Knicks fan is something that nobody should wish on their worst enemy. The franchise has made scores of maneuvers that lacked wisdom and seemingly gone out of its way to alienate people beloved by the franchise. On top of it all, Knicks tickets are among the highest in the entire league.

Fans as passionate and dedicated as Knicks fans deserve a team they can be proud of and a front office that dedicates itself to putting winning ahead of petty feuds and politics.

The hiring of Scott Perry may signify just that.

So when the Knicks traded Carmelo Anthony and ended up getting back 10 cents on the dollar for his value, everyone should have prepared for a long season in New York City.

Coming in, Knicks fans once again found themselves in the unenviable predicament of having to talk themselves into believing that Ramon Session, Michael Beasley and Tim Hardaway were capable of giving this team feel good moments. And while they certainly are, they will surely pale in comparison to the amount of losses that the club accrues along the way.

If there’s one thing the Philadelphia 76ers have taught everyone, however, it’s that the losses don’t necessarily need to be in vain.

So heading into this season, what Knicks fans should have been looking forward to and hoping for is nothing more than the installation of a culture that’s marked by effort, communication and selfless basketball—the hallmarks of the Golden State Warriors.

Aside from that, yes, they should have also come in with the hope that Kristaps Porzingis would take an appreciable step forward and prove himself to truly be a capable franchise cornerstone.

To this point, from the way he holds his head highly, despite a win or a loss, and the way he competes to the best of his abilities, despite his limitations. For now, it’s really all that could reasonably be asked of him.

When it was all said and done—when Porzingis looked the Knicks’ past in the eyes after the Thunder had soundly defeated his New York Knicks—Carmelo Anthony probably told him that he was proud of him and that he wished him all the luck in the world.

He probably told him to continue to work on his game and hone his craft and to block out the background noise.

And above all else, Carmelo probably told Kristaps that he believes he is capable of being his successor.

With his nodding head and serious demeanor, Porzingis, in all his glory, listened intently. Even more so, he believed every word. 

It doesn’t take all day to figure out whether the sun is shining—it’s an adage that remains as true in basketball as it does on a May Day in New York.

For Porzinigis, the bright sky and the beaming sunlight—he’s basking in it all. Not only has he becomes the Knicks’ franchise by default, he believes he’s capable of shouldering the burden.

In this town, that’s more than half the battle.

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Dejounte Murray: The Spurs’ Latest Steal

The Spurs have a history of drafting talented players late in the draft. Dejounte Murray is emerging as their most recent steal, writes David Yapkowitz.

David Yapkowitz



It seems like almost every NBA season, the San Antonio Spurs end up selecting a player late in the draft who unexpectedly goes on to become a valuable contributor, sometimes even a star. The entire draft in itself can often be a crapshoot, but the lower the pick, the lower the chances of a team finding a solid rotation player. But with the Spurs, it’s as if they hit far more often than they miss.

Their pick from a year ago is shaping up to be no exception as the injury to starting point guard Tony Parker has opened up a huge opportunity for Dejounte Murray; one that he is taking advantage of.

There is a lot of preparation by analysts leading up to the NBA draft. Several mock drafts are created up until draft night itself. Murray was often projected to be a high first-round pick, possibly even a lottery pick. He had a solid freshman season at the University of Washington where he averaged 16.1 points per game, six rebounds, and 4.4 assists.

Draft night arrived and he ended up slipping to the bottom of the first round (29th overall), far later than he had anticipated. Following his selection, LeBron James himself, who is represented by the same sports agency as Murray, tweeted out some words of encouragement for the young rookie. He let Murray know that he may not have been drafted where he wanted to, but that he was with the best organization in the league.

Murray pretty much rode the bench last season as a rookie, which is not at all uncommon for a first-year player on a veteran team with championship aspirations. He was inactive for most of the final two months of the season. In the first round of the playoffs against the Memphis Grizzlies, and most of the second round against the Houston Rockets, he was relegated to garbage time duty. Perhaps if he’d been drafted as high as initially projected, he might have had a bigger opportunity at getting minutes right away.

That all changed, however, against Houston in Game 2 when Parker went down with the injury that he is still recuperating from. Murray was thrust into the starting lineup and he responded as well as an inexperienced rookie under the bright lights of the playoffs could. In Game 4, although the Spurs lost, he had eight points on 50 percent shooting along with three assists. He actually didn’t play in Game 5, but in the Spurs closeout Game 6 win, he poured in 11 points, ten rebounds, five assists and two steals while shooting 50 percent from the field.

Even though the Spurs were ultimately swept in the Western Conference Finals against the Golden State Warriors, Murray continued his steady play with 8.3 points, 3.8 assists, and three steals.

At the start of this season, Murray has taken his momentum from the end of last season and carried it over. He was given the starting point guard spot in place of Parker on opening night against the Minnesota Timberwolves. He responded on national television with 16 points on 7-8 shooting from the field, five rebounds, two assists and two steals.

It’s still too early to tell, but it’s highly possible that the Spurs have found their starting point guard of the future once Parker eventually decides to hang it up. At 6-foot-5, Murray is a tall point guard and his length gives him the potential to develop into an elite defensive player. He can score the basketball and he is improving his court vision and playmaking.

One area he could improve in is his outside shooting. Although he did shoot 39.1 percent from the three-point line last season, he only took 0.6 attempts. In his lone college season, he shot 28.8 percent from downtown. If he can improve his range and really begin to put together his entire package of skills, we’ll be talking yet again about how the Spurs bamboozled the rest of the league and found a draft-day gem.

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