• Loading stock data...
Saturday, May 18, 2024

NBA Free Agency Opens With Over $2.6B in Deals

  • Led by Nikola Jokic's record $264M extension, six of the 10 largest all-time contracts were signed in the last 24 hours.
  • Teams gave out nine contracts over $100M — seven of them over $200M.
Sergio Estrada-USA TODAY Sports

NBA free agency is off to an extremely hot start.

Led by Nikola Jokic’s five-year, $264 million supermax extension with the Nuggets — now the largest contract in league history — NBA teams have reportedly handed out over $2.6 billion in contracts.

The explosion in new money is at least in part a result of the elevated $123.6 million salary cap announced earlier this week. The cap moved only marginally — or not at all — in the last couple of years due to decreased revenues from the pandemic.

As a result, Giannis Antetokounmpo held the largest contract record for about a year-and-a-half after signing a five-year, $228 million deal in December 2020. Like Jokic, he was a back-to-back MVP at the time.

But this summer’s historic payouts extend far beyond Jokic and Giannis.

  • Bradley Beal (five-year, $251M max deal with the Wizards) and possibly Zion Williamson (five-year, $231M max extension with the Pelicans) also surpassed Antetokounmpo’s record.
  • Six of the 10 largest contracts of all-time were handed out in the last 24 hours.
  • Teams gave out nine contracts over $100M; of those, seven were over $200M.
  • From those deals, Jalen Brunson was the only one to change teams, signing a four-year, $104M pact with the Knicks.

There were also a number of trades on the first day of free agency.

Kevin Huerter was reportedly dealt from the Hawks to the Kings for Justin Holiday, Mo Harkless, and a future first-round pick.

Meanwhile, Malcolm Brogdon is headed to Boston from Indiana for Daniel Theis, Aaron Nesmith, and a 2023 first-round pick.

And there’s a bevy of talent still out there.

Deandre Ayton seems destined to leave the Suns, while James Harden has yet to sign a deal to remain with the 76ers after declining his player option.

Copy Link
Link Copied
Link Copied

What to Read

February 5, 2019; Washington, DC, USA; The grounds of the Capitol Building empty out following the conclusion of President Donald Trump's State of the Union speech on February 5, 2019.

‘A Breathtaking Lobbying Campaign’: The NCAA’s Sophisticated Effort to Save Amateurism

Inside the carefully coordinated, multimillion-dollar operation to end the athletes’ rights era.

The WNBA Rookies Are Creating a New Celebrity Row

Major celebs like Kim Kardashian and Latto are showing up for the newbies.

DSG’s Path to Revival Faces Major Pushback from MLB, NBA, and NHL

Three major pro leagues raise further concerns about the bankrupt Bally Sports parent.

Amazon’s Thursday Night Fever: Banking on Caitlin Clark’s Impact

Clark makes her home debut for the Indiana Fever on Thursday night.
podcast thumbnail mobile
Front Office Sports Today

MLB, NBA, NHL Broadcasting Future Goes to Court


Featured Today

The WNBA Was Forged in Houston. Why Won’t It Go Back There?

Houston’s a perfect fit for expansion. The league isn’t considering it yet.
May 9, 2024; Indianapolis, IN, USA; Indiana Fever guard Caitlin Clark (22) stands with the team during the national anthem on Thursday, May 9, 2024, during the preseason game against the Atlanta Dream at Gainbridge Fieldhouse in Indianapolis.
May 12, 2024

‘Perfect Storm’: The Rise of Local WNBA Broadcast Pacts

With national attention reaching new heights, regional coverage could dictate the future.
Mar 29, 2023; New York, New York, USA; American actors and comedians Chris Rock (left) and Ben Stiller sit court side during the third quarter between the New York Knicks and the Miami Heat at Madison Square Garden.
May 11, 2024

The Haves and Have-Nots: How the Knicks’ Celebrity Row Works

Unwritten rules, an expectation of quid pro quo, and nothing is free.
May 6, 2023; Miami Gardens, Florida, USA; Red Bull driver Max Verstappen (1) of the Netherlands walks through the garage area following qualifying for the Miami Grand Prix at Miami International Autodrome.
May 5, 2024

Max Verstappen Is Unstoppable. Is That Hurting F1 With New American Fans?

Formula One could be facing an inevitable plateau in the United States.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Multiple - USA Careers
Multiple - USA Careers

Patrick Mahomes Restructures Contract (Again) for Chiefs’ Cap Relief

Mahomes borrows an idea from Tom Brady to keep the Chiefs competitive.
Minnesota Twins shortstop Carlos Correa shows a thumbs-up to bench
December 14, 2022

Carlos Correa, Giants Agree to Record Infielder Contract

Correa and San Francisco reportedly agreed to a 13-year, $350M contract.
Minnesota Twins short stop Carlos Correa shrugs after a bad call
December 21, 2022

Carlos Correa Caps Off Mets’ Unprecedented $800M Offseason

New York will spend $498M between payroll and luxury tax in 2023.

Major League Rugby’s Vision for American Rugby

How Major League Rugby is leading the Rugby renaissance in the U.S.
Justin Verlander speaking to media during a 2022 World Series press conference
December 5, 2022

Justin Verlander Latest Deal in MLB Pitching Contract Craze

Verlander’s new Mets contract has MLB’s second-largest AAV ($43M) ever.
Portuguese superstar Cristiano Rolando gives thumbs during World Cup match
November 30, 2022

Ronaldo Could Become Highest-Earning Athlete With Next Club

The contract with Al Nassr would have the largest annual salary ever.
October 14, 2022

Carlos Correa Opts Out of Bizarre Twins Contract

Correa’s signed the three-year, $105.3 million pact with Minnesota in March.
September 20, 2022

Nathan MacKinnon Becomes Highest-Paid Player in NHL History

The Avalanche superstar’s $12.6M AAV is the largest in league history.