Free Agency Watch, Day 1: The (completely ignored) moratorium begins
Discuss the chaos here
Free Agency Guide
Perks GSWReddit helpfully provided us an overview of Warriors free agency targets:
And here are some key targets examined above (many more are in the pieces):
Otto Porter Jr.
The (ignored) moratorium
Okay, in theory, there is a moratorium period from Mon Aug 3, 3:00 pm Pacific until Aug. 5 at 9:01 pm Pacific. Teams cannot sign free agents until the period is over (with some minor exceptions), so free agents can negotiate with different teams, etc etc.
In reality, this is completely ignored and the negotiations begin way before the moratorium period and many deals get announced at the start of the moratorium.
Last year was the first time in memory that a trade was stopped because of the Bucks and Kings finalizing a deal before the moratorium. This year, the ignoring seems to be back in effect, as Kyle Lowry and the Miami HEAT appear to have a deal in place as reported by Woj. Which naturally has pissed off Kings and Bucks fans.
Mark Schindler @MSchindlerNBAI really just don’t see how this is any freakin different than what happened with Milwaukee and Sacramento lmaoooo Like slightly different scenarios, but this feels very selective
In theory, these deals are not binding, but it’s major news if someone backs out of the agreement (for instance the absurdly funny DeAndre Jordan situation in 2015).
Some signings can take place during the moratorium period, which are:
Teams signing their first-round Draft picks to standard rookie-scale contracts.
Second-round Draft picks accepting a required tender, which is a one-year contract offer teams must submit to keep the rights to that player.
Restricted free agents can accept qualifying offers from their existing team.
A restricted free agent finishing the fourth year of his rookie-scale contract can accept a maximum qualifying offer.
A restricted free agent can sign an offer sheet with a new team, which triggers the 2-day period for his original team to match it.
Players can be signed to minimum-salary contracts for one or two seasons (but the deals have no bonuses of any kind).
Teams can sign players to Two-Way contracts, turn a Two-Way contract into a standard NBA contract or convert certain standard NBA contracts into a Two-Way contract.
Teams can waive players or claim players waived by other teams.
Otherwise, all other signings must wait until after the moratorium period ends.
So expect lots of free agency news today
Hopefully about the Warriors, but no guarantees.