Teams spent well over $1 billion on the first day of NBA free agency on Friday.
The richest contract in league history was signed, and the list of players who will make more money than two-time reigning MVP Stephen Curry ($12M) keeps on growing.
A few good, sensible deals were signed but there were certainly a fair share of crazy contracts signed.
Below is a recap of the notable deals struck in the first day of NBA Free Agency.
Mike Conley: 5 yrs, $153M
The five-year, $153 million deal is the richest deal in league history.
Conley, who although has not yet been selected to appear in an NBA All-Star game, has been a consistent scorer from the point guard position, averaging over 13 points per game for his career.
The contract may seem excessive, and it is somewhat, but this was simply a case where the Grizzlies had to overpay a little so they wouldn’t have to watch him suit up for another team.
DeMar DeRozan: 5 yrs, $139M
DeRozan and the Raptors reached an agreement on a hefty five-year deal to keep him in “The Six” through the 2020-’21 season.
He’s arguably one of the top three or four shooting guards in the league, so the contract is certainly justifiable on the basis of what he brings to the team during the regular season.
Toronto has had its struggles winning in the post season, but with the way the salary cap has risen, and the franchise’s obvious desire to win, DeRozan’s contract may be the type of money we see being thrown around by the Raptors.
Bradley Beal: 5 yrs, $128M
Some of the deals fans saw signed Friday were based on what the player has shown that organization with his play on the court through this point in his career. Others were signed with potential in mind, more so maybe than documented production.
Bradley Beal’s contract belongs in the second group.
Beal signed a very large five-year agreement to stay in the nation’s capital despite missing 25 games this year, the second time in his four-year career that he’s missed more than 20 games.
If healthy, Beal can help a team win, but the health just hasn’t been there consistently enough thus far in his career.
I wouldn’t have re-signed him, especially for this price, if I were in charge in Washington.
Hassan Whiteside: 4 yrs, $98M
Pat Riley and company had the choice of either going all in on Whiteside, with the hopes the Dwyane Wade also returns, or put all their eggs in the Kevin Durant basket.
Whiteside, who is one of the best rebounders in the game, could certainly be molded into a better post scorer.
The downside to the deal is that it does cut into the amount of money that Wade would like to earn from the team, but some cap space did clear up with the departure of Luol Deng.
Timofey Mozgov: 4 yr, $64 million
Timofey Mozgov’s contract makes me not want to watch the NBA.
It’s the most ridiculous thing I’ve ever seen.
Here’s a breakdown of the deal:
$2.56M per minute played in the NBA Finals. $9.14M per point scored in the Finals. $4.27M for every point he scored in the playoffs.
Jim Buss has clearly lost his mind. If this doesn’t make it clear that Jeanie Buss needs to be running the organization I don’t know what will.
The Lakers deserve every loss they take this year.
Laker greats must be shaking their heads at what has happened to this once-great franchise.
Al Jefferson: 3 yrs, $30M
For the past three years Al Jefferson has been the anchor in the middle of the Hornets defense, and has been a big help in the resurgence of the Charlotte franchise.
Now, though, he’ll be taking his talents to Indiana to help the Pacers get back to the top of the Eastern Conference.
Jefferson, who has averaged 16.7 points and 8.9 rebounds a game in his career, joins forces with all-star forward Paul George, and newly acquired point guard Jeff Teague.
Jefferson is 31 years old, and both his scoring and rebounding did go down last year, but the contract isn’t terrible. It gives the Pacers room to work with monetarily, and if he returns to form, Indiana will certainly get their money’s worth.
Jeremy Lin: 3yrs, $36M
Linsanity is back in New York, just in a different borough.
Lin had his best year in the league five seasons ago when he played for the Knicks, averaging 14.6 points and six assists a game, but that was in just 35 games.
His best full season was the next year in Houston when he started every game.
Is the contract sensible? No. But that’s New York for you.
Dwight Howard: 3 yrs, $71M
Superman has once again found a new home.
Likely preparing for the possible departures of Al Horford or Paul Millsap, Atlanta ponied up to sign Howard before he met with other suitors.
His production has certainly fallen off since his time in Orlando, but (for the third time) maybe a fresh start is exactly what Howard needs to return to form.
Joakim Noah: 4 yrs, $72M
Joakim Noah’s time in Chicago has come to an end.
After nine year’s in the Windy City, Noah is following his point guard Derrick Rose to the Big Apple.
Noah inked a four-year deal with the New York Knicks Friday to further create a team that, had this been 2012 would’ve been a superpower. But it’s 2016.
Rose is injury prone, Noah played in just 29 games this past season – only making two starts -, and Carmelo Anthony has yet made it past the second round of the playoffs.
Noah will be 35 when this contract expires, and it doesn’t get Melo and company any closer to winning a championship.