NBA rookie extensions totaled more than $1 billion in salaries for a fifth straight offseason. Teams and eligible players went into a predictable holding pattern after Evan Mobley , Cade Cunningham , Franz Wagner and Scottie Barnes each signed five-year $224 million max extensions in July. But in the hours leading up to 6 p.
m. ET Monday deadline, seven players -- Moses Moody , Trey Murphy III , Jalen Green , Jalen Suggs , Jalen Johnson , Alperen Sengun and Corey Kispert -- signed extensions. The most notable was Green, who became the first player to sign a three-year rookie extension for more than $30 million per season.
The deal has a player option in the final season and a 10% trade bonus, while the Houston Rockets now have a tradable contract starting on July 1. The players who didn't sign extensions will enter a 2025 free agency market where the salary cap is projected to increase from $140.6 to $154.
6 million, but that 10% increase does not mean teams are flush with cap space. Only the Brooklyn Nets project to have more than $30 million to sign a restricted free agent to an offer sheet. Under the new Collective Bargaining Agreement, the restrictions on how high-spending teams add to their rosters will be joined by harsher financial penalties next offseason for teams who exceed the luxury tax in excess of $10 million.
(A team that falls into the repeater tax category -- four consecutive seasons or four out of five -- will pay a significant penalty if they exceed the tax t.
