Hoops Rumors is reviewing the 2025 offseason for all 30 NBA teams, looking back at free agency, trades, draft selections, departures, and more. Today’s analysis centers on the San Antonio Spurs.
Free Agent Acquisitions
- Luke Kornet: Four years, $40.7 million, with the third year partially guaranteed ($2.55 million) and the fourth year being non-guaranteed. Signed via the non-taxpayer mid-level exception.
- Jordan McLaughlin: One year, minimum salary contract. Re-signed using the minimum salary exception and waived veto rights on trade.
- Lindy Waters III: One year, minimum salary with a partial guarantee of $500K. Signed using minimum salary exception.
- Adam Flagler: One year, minimum salary non-guaranteed (Exhibit 10). Signed using minimum salary exception.
- Micah Potter: One year, minimum salary non-guaranteed (Exhibit 10). Signed using minimum salary exception.
Trades
- Received the Kings’ 2030 second-round pick and $2.5 million from the Pacers for the draft rights to Kam Jones (38th pick overall).
- Acquired Kelly Olynyk from the Wizards in exchange for Malaki Branham, Blake Wesley, and a second-round pick from either the Mavericks, Thunder, or Sixers (whichever is less favorable).
Draft Selections
- 1-2: Dylan Harper
- Signed to a four-year rookie scale contract worth $56,140,113.
- 1-14: Carter Bryant
- Signed to a four-year rookie scale contract worth $23,419,858.
Salary Cap Overview
- Operating over the cap at $154.6 million, yet below the luxury tax line at $187.9 million.
- Current roster salary approximates $179.9 million.
- Hard-capped at $195,945,000.
- Has a portion of the non-taxpayer mid-level exception ($3,104,000) available.
- Full bi-annual exception ($5,134,000) also available.
Offseason Summary
The Spurs’ offseason has introduced a dilemma: while their recent acquisitions enhance the team’s potential, they also create redundancy in positions, raising questions about the core structure moving forward. The key highlights include De’Aaron Fox’s trade to San Antonio, facilitated by his desire to join the Spurs — a deal that saw them give up bench players and multiple draft picks.
At the draft lottery, the Spurs lucked into the second overall pick, allowing them to draft Dylan Harper. However, the overlapping skill sets of Fox, Harper, and Rookie of the Year Stephon Castle could lead to potential conflicts in their playing time.
The Spurs were proactive, securing Fox with a maximum-salary extension that begins in the 2026/27 season, ensuring his long-term presence alongside the drafted Harper and Castle. Also addressing the frontcourt, San Antonio signed Luke Kornet and acquired Kelly Olynyk.
Future Considerations
With 13 players under guaranteed contracts, the Spurs might look to fill one roster spot, potentially bringing in another big man for depth. As they head toward the regular season, the organization faces decisions regarding trades and extensions for current players, notably veterans and emerging talents.
