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League sets new record with $4 billion spent on contracts in July

Free Agency

This year’s edition of the free agency frenzy has been one for the books — literally. As pointed out by ESPN’s Bobby Marks, the NBA has recently set a new record in contract money spent in a single month after nearly $4 billion was shelled out in player salaries.

That’s a pretty mind-boggling number, and the funny thing is, the month hasn’t even ended just yet.

Then again, most, if not all of the big-money deals have already been agreed upon between the big-name free agents and their respective teams. Golden State Warriors sharpshooter Klay Thompson, who ironically does not expect to figure significantly in the Dubs’ plans next season due to his ACL injury, leads the pack with his five-year $190 million max deal. The likes of Philadelphia 76ers forward Tobias Harris (five years, $180 million), Milwaukee Bucks first-time All-Star wing Khris Middleton (five years, $178 million), and Dallas Mavericks big man Kristaps Porzingis (five years, $158 million) — all of who re-signed with their current teams — were not too far behind.

This is an offseason characterized by landscape-changing moves, and the likes of Brooklyn Nets former MVP winner Kevin Durant (four years, $164 million), Miami Heat All-Star forward Jimmy Butler (four years, $141 million), and Los Angeles Clippers reigning Finals MVP Kawhi Leonard (three years, $103 million) all made a splash as well.

The total league spendings in July has already eclipsed that of the 2016 offseason, which was highlighted by deals involving the likes of Mike Conley (Memphis Grizzlies, five years, $153 million) DeMar DeRozan (Toronto Raptors, five years, $145 million), Bradley Beal (Washington Wizards, five years, $128 million), and LeBron James (three years, $100 million), to name a few.

I guess it’s safe to say that business is pretty good for the NBA at the moment.