In order to maximize their cap room, the Sixers renounced the rights to nearly all of their free agents, including a handful of players who hadn’t actually been on the roster for years, per Keith Smith of Spotrac (Twitter links). However, there was one notable exception: KJ Martin‘s cap hold remains on the team’s books.
Martin’s cap hold is worth the veteran’s minimum of $2,087,519, but Philadelphia holds his full Bird rights, allowing the team to go over the cap to re-sign him to a contract worth any salary up to the maximum.
Of course, Martin won’t get the max, but it could be in the 76ers’ best interests to re-sign him to a deal worth more than the minimum. Besides potentially vying for rotation minutes, Martin might come in handy as a trade chip on a roster where so many players will be earning either maximum- or minimum-salary contracts.
Here’s more from around the Atlantic:
- A year after James Harden‘s trade demand hung over the Sixers‘ offseason like a dark cloud, there’s more optimism this summer in Philadelphia about the new-look roster, headed by Joel Embiid, Paul George, and Tyrese Maxey. Speaking to Tim Bontemps of ESPN, Embiid cautioned that the team still needs to make it work on the court, but admitted he’s excited about how the new big three looks. “On paper, and as far as the fit, it looks fantastic because you got both guys that can play off the ball, and they can play on ball and they’re great shooters and they can handle the ball, and then you also got me,” he said with a smile.“So, yeah, it looks great.”
- Addressing the Sasha Vezenkov situation on Monday, Raptors president Masai Ujiri said he has had discussions with Vezenkov, his representatives, GM Bobby Webster, and head coach Darko Rajakovic about the matter. As Keith Smith of Spotrac details in depth, Vezenkov has reportedly reached a deal with Olympiacos but remains under contract with Toronto on a guaranteed NBA contract, preventing him from returning to Greece without the Raptors’ cooperation. “I think that should develop in the next few days or we’ll see whether it’s a few months,” Ujiri said. “We acquired a player in a trade and we feel we have communicated well. We communicated well with the agent and the team before. And so we’ll see how that goes.”
- Taking a closer look at the Celtics‘ decision to put majority control of the franchise up for sale, Dan Shaughnessy of The Boston Globe says he believe H. Irving Grousbeck is ‘the one driving this sale” and that his son Wyc Grousbeck – the team’s governor and CEO – actually owns a “relatively small stake” in the team.