The Colorado Springs Gazette final

Stars cash in as free agency kicks off

The NBA generated more basketball-related income than ever this past season, the total number coming up just short of $9 billion.

Business is good. The first night of free agency underscored how good.

Bradley Beal joined Nikola Jokic as stars who quickly agreed to deals that will be worth more than a quarter of a billion dollars by the time they expire, highlighting the moves made Thursday when the NBA’S annual free-agent negotiating window opened.

Beal will make $251 million over the next five seasons after re-signing with Washington, one day after turning down $37 million for this coming season from the team with whom he’s spent the entirety of his 10-year career.

Jokic agreed to a supermax extension to remain with the Denver Nuggets (See The Gazette report by sports writer Vinny Benedetto).

Other extensions expected to be struck soon include supermax deals for Minnesota’s Karl-anthony Towns and Phoenix’s Devin Booker. And then there’s a slew of rookie extensions that can start coming Friday, with Memphis’ Ja Morant, Miami’s Tyler Herro and New Orleans’ Zion Williamson among the names on that list.

All those moves, even the biggest-money ones, were overshadowed by a piece of non-free-agent news that came earlier Thursday when Kevin Durant, according to a person with direct knowledge of the situation, told the Brooklyn Nets that he

wanted a trade..

Veterans like Jokic and Beal have signed lucrative contracts before. For some, the ones they get this summer will be their first.

Anfernee Simons, who had a breakout season for the injury-plagued Portland Trail Blazers last year — taking advantage of his opportunity, and then some — agreed to a four-year, $100 million contract to remain with that club. And Lu Dort, undrafted three years ago and someone who made about $4 million combined in his three seasons with Oklahoma City, will stay with the Thunder for the next five years on a deal worth nearly $88 million.

NBA Numbers

The NBA set the new salary cap, luxury tax and other numbers that will be used this coming season and go into effect Friday.

The cap is $123.655 million, the tax level is $150.267 million. The minimum team salary level is $111.29 million and the exceptions were set as wel. The non-taxpayer mid-level is $10.49 million, taxpayer mid-level is $6.479 million, and the mid-level for a team with room under the cap is $5.401 million.

SPORTS

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2022-07-01T07:00:00.0000000Z

2022-07-01T07:00:00.0000000Z

https://daily.gazette.com/article/283330411013449

The Gazette, Colorado Springs