After being waived last week by the Sixers, Ricky Council IV is heading to another Atlantic team, according to Shams Charania of ESPN (Twitter link), who hears from agent Adie von Gontard that the free agent swingman has a one-year agreement in place with the Nets. An undrafted free agent out of Arkansas in 2023, Council spent his first two professional seasons with the Sixers, … [Read more...] about Nets, Ricky Council Agree To One-Year Deal
Atlantic Notes: Davison, Simmons, Shamet, Nets
The financial implications of waiving guard JD Davison are why the Celtics ultimately made the move, Brian Robb of MassLive writes. By letting go of Davison, the Celtics slid under the second apron by approximately $1.9MM with 14 players on the roster. By moving under the apron, the Celtics can send out cash in a trade, can aggregate salaries and are beginning the path to … [Read more...] about Atlantic Notes: Davison, Simmons, Shamet, Nets
Signed Second-Round Picks Now Count Against Cap
Between July 1 and July 30 of each NBA league year, a player signed using the second-round pick exception doesn’t count toward his team’s cap, but that changes as of July 31. Beginning on Thursday, each of the second-rounders signed using that exception will begin carrying 2025/26 cap hits. [RELATED: 2025 NBA Draft Pick Signings] The effect this will have on teams around the … [Read more...] about Signed Second-Round Picks Now Count Against Cap
Atlantic Notes: Nets, Thomas, Edgecombe, Bridges
The Nets still have significant cap space this summer, observes Yossi Gozlan of The Third Apron (Substack link). The club is also still in a bit of a contract stalemate with restricted free agent guard Cam Thomas. For now, including cap holds, Brooklyn has $28.1MM in available cap room, per Gozlan. Although Brooklyn has agreed to new deals with its own free agents, wing Ziaire … [Read more...] about Atlantic Notes: Nets, Thomas, Edgecombe, Bridges
Mikal Bridges, Knicks Agree To Four-Year Extension
The Knicks and forward Mikal Bridges have agreed to a four-year, $150MM contract extension, according to ESPN’s Shams Charania (Twitter link). The deal includes a player option in 2029-30 and a trade kicker. As Charania notes in a follow-up post, Bridges took a deal slightly lower than the max he could have taken, which was $156MM. By taking a small discount, Bridges helps the … [Read more...] about Mikal Bridges, Knicks Agree To Four-Year Extension