Who didn't sign an extension? Next steps for Kuminga, Giddey and other NBA stars

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 threshold by just one dollar.) Now that the deadline has passed, what is next for fourth-year players who didn't get extensions and the handful of veterans who still might at some point this season? Jonathan Kuminga , Golden State Warriors We are going to learn a lot about Kuminga's future over the next nine months.

Continue reading this article and more from top writers, for only $11.99/mo.

Already an ESPN+ subscriber? Log in here..

This article has been shared from the original article on espn, here is the link to the original article.