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More on Bam Adebayo Extension?

All of this circles back to one of the most important decisions facing Miami: Bam Adebayo. He’ll be eligible for a max extension this offseason, and if he makes one of the top three 2020-21 All-NBA teams and/or wins Defensive Player of the Year, he’ll be eligible for a five-year deal that could pay him nearly $200 million. However, extending Adebayo now screws up the sugar-plum dreams of having cap space for a Giannis pursuit in 2021. One of the key pieces of that fantasy is that Adebayo’s restricted free-agent cap hold would only be $15 million; if he’s on the books for $35 million instead, that all goes right out the window.
However, a Miami team with Adebayo on a max contract, even the “low” max that pays just 25 percent of the cap, has no chance of having enough cap room for another max free agent. Not with Butler making $35 million in 2021-22 and $5.2 in dead money committed to the long-gone Ryan Anderson. Just with those three spots filled, it is not mathematically possible to have max cap space unless there is a massive leap in the cap number ahead of 2021 — which is the one thing that seems least likely to happen in the current financial environment.
Storyline: Bam Adebayo Extension?
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June 28, 2022 | 12:13 pm EDT Update

June 28, 2022 | 11:13 am EDT Update
The Nets and Irving did come close to an agreement late last week, sources said, before talks stalled out. Sources said Irving had three potential opt-in-and-trade options available to pursue before making his final decision. Across the league, there are only five teams with projected salary-cap space: Detroit, San Antonio, Orlando, Indiana and New York, with all wanting to build around younger players or prioritizing other free agents. For their part, the Lakers were much more motivated to have Irving sign as a free agent than they were in acquiring the three-time All-NBA guard via trade, sources said. And as Irving went through his opt-in-and-trade options — as well as the potential of joining the Lakers in free agency — the decision to return to Brooklyn crystalized.
Irving’s agent, Shetellia Riley Irving, and the Nets front office held extensive and productive extension discussions over the past six days, with sources on both sides describing good-faith negotiations to reach a new deal. The Nets and Shetellia Riley Irving worked through various proposals, including a two-year max extension that included incentives based on games played as well as a four-year max that included two years guaranteed and triggers for years three and four based on the games played in years one and two, sources said. Irving showed a willingness to accept an incentive-based deal before a final counter was made to the Nets, according to sources: a short-term contract extension protecting both sides with a player option. Brooklyn declined.
Several teams are expected to continue to pursue Irving via trade, but his opt-in makes clubs consider more closely whether to trade assets in a deal for a player who will enter unrestricted free agency in 2023. Teams across the league understand Irving’s talent, and now a full season in 2022-23 allows him the opportunity to prove himself once again, then return to the market and earn a maximum contract next summer. Multiple sources with knowledge of his decision said Irving wants to prioritize winning a championship next season and show why he’s one of the best players in the league.