Bobby Marks, ESPN 35d

NBA extension deadline: Next steps for Kuminga, Giddey and other stars

NBA, Atlanta Hawks, Brooklyn Nets, Chicago Bulls, Golden State Warriors, Houston Rockets, New Orleans Pelicans, Orlando Magic, Washington Wizards, Phoenix Suns, New York Knicks, Sacramento Kings, Boston Celtics, Dallas Mavericks, Miami Heat, Minnesota Timberwolves, Memphis Grizzlies

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 the 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 million 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 that 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 it exceeds 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 futureĀ over the next nine months.

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