On Day 12 of NBA free agency, here's our team-by-team analysis of the major and minor deals.
Updates on each deal will be posted here throughout the day.
All deals listed alphabetically by team.
Cleveland Cavaliers
1. Agreed to a reported three-year, $8.3 million deal with forward Cedi Osman
The Cavaliers acquired Osman's rights in a trade the night of the 2015 draft, using the first pick of the second round to take him. Osman has continued to develop in Turkey and will now join Cleveland at age 22.
Osman's value will largely depend on his ability to hit the NBA 3-pointer. He was a 35.6 percent career 3-point shooter in EuroLeague play, making 38.0 percent in 2015-16 before slipping to 34.0 percent last season.
Based on his translated performance in the EuroLeague and the Turkish BSL, my SCHOENE projection system forecasts Osman taking about 45 percent of his shot attempts beyond the arc while making them at a 34.2 percent clip, slightly worse than league average.
Unless the Cavaliers trade Iman Shumpert, Osman may have a hard time cracking the rotation as a rookie. Cleveland will pay heavily to develop him stateside. With 14 players under contract, including the non-guaranteed salary of center Edy Tavares, the Cavaliers project to pay more than $70 million in luxury taxes this season. Because Cleveland is estimated more than $20 million above the tax line, each additional dollar of salary will cost the team 4.75 times that amount in repeater taxes.
Utah Jazz
1. Agreed to a reported two-year, $10.5 million deal with forward Thabo Sefolosha
2. Agreed to a reported two-year, $8.2 million deal with forward Jonas Jerebko
The timing of Gordon Hayward's announcement that he was signing with the Boston Celtics did the Jazz no favors, as most of the top small forwards available in free agency had already been snapped up. Nearly two weeks in, Sefolosha was probably the best option available.
By adding Sefolosha and first-round pick Donovan Mitchell, Utah has upgraded its wing defense. The long-limbed Sefolosha is a strong individual defender against perimeter-oriented players (physical combo forwards can give him more trouble). Along with Mitchell, he will add ability to play the passing lanes to a team that ranked 25th in forcing turnovers last season, having posted one of the NBA's 10 best steal rates on a per-play basis.
Nobody the Jazz could sign would be able to replace Hayward offensively, and that's certainly true of Sefolosha, who hasn't had a usage rate higher than 15 percent of his team's plays in the last nine seasons. Sefolosha shoots the 3 with decent accuracy, but his slow release and low volume of attempts limit his gravitational pull on defenses.
As ESPN's Bobby Marks explains, Utah has a couple of options for signing Sefolosha. The Jazz could waive veteran Boris Diaw, whose contract is non-guaranteed through Saturday. That move would leave Utah with up to about $6 million in cap space before re-signing Joe Ingles using his Bird rights. Alternatively, the Jazz could retain Diaw, stay over the cap and sign Sefolosha using their midlevel exception.
Utah's second signing of the day, Jerebko, ensured that Utah will be using cap space this summer. Barring another move, that means either waiving or trading Boris Diaw before his $7.5 million salary becomes guaranteed on July 15.
Without Diaw in the picture, the Jazz were in need of additional depth at power forward. Jerebko is capable of defending 4s and switching on to guards as necessary while bringing a stretch dimension (he shot 38.6 percent and 39.8 percent on 3s the previous two seasons before slipping to 34.6 percent in 2016-17). Still, I'm a little surprised the market for Jerebko was quite this robust. I'd probably rather have Anthony Tolliver, who settled for a one-year, $3.3 million deal from the Detroit Pistons.