The NBA’s free-agent period has officially started.
Teams can now come to contract terms with free agents. Deals can’t become official until July 11, after the league and union complete their annual audit to set the projected salary cap and luxury-tax levels for the 2012-13 season.
Nine Hawks players became unrestricted free agents today: Jason Collins, Erick Dampier, Willie Green, Kirk Hinrch, Ivan Johnson, Tracy McGrady, Jannero Pargo, Vladimir Radmanovic and Jerry Stackhouse. All those players except for Hinrich played for the league minimum last season.
Update: The Hawks extended a qualifying offer to Johnson by Sunday’s deadline. He’s a restricted free agent with Atlanta maintaining salary-matching rights.
The MLE can be used to sign free agents for as many as four years at a maximum starting salary of $5 million with annual raises of as much as 4.5 percent. It can be split to sign more than one player.
The BAE can be used to sign free agents for as many as two years at a maximum starting salary of $1.957 million with a raise of up to 4.5 percent in the second year. It can be split to sign more than one player.
Minimum salary contracts can be up to two years in length. The salary is determined based on the player’s experience.
Michael Cunningham, Hawks beat
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