Last updated: 9/30/2019
Last updated: 9/30/2019
Last updated: 9/30/2019
2025 Free Agents - Elfrid Payton
Despite Payton's lack of outside shooting ability, he found a role for himself in the early years of this decade for the Knicks as a lower usage point guard that can defend multiple positions. After joining New York in 2019, he was even a serviceable starting point guard for a short time. However, Payton predictably struggled in the 2021 playoffs, as he was eventually pulled from the Knicks' starting lineup and the rotation entirely. He has since bounced around on short-term deals and 10-day contracts, and his NBA career is on the ropes. Payton has historically put up pretty good box stats, showing some playmaking skills and rebounding well for a guard. He also lowered his turnover rate in New York, although that hasn't continued in his stops since then, and posted a league-worst turnover rate for his position in his limited minutes in '24-'25, according to Cleaning the Glass. As an under-29% three-point shooter on low volume, Payton's lack of outside shot as plagued him his whole career. Payton at least has enough skill that even if he doesn't shoot an open look he could potentially attack the opening and make plays for others. He also has enough size that his teams have flexibility in regards to what type of players you can play next to him. Payton is already 31 years old and hanging onto his NBA career by a thread. He is probably best served as an insurance-level guard that can fill in adequately if a team has lots of injuries, but some teams would rather use those last roster spots on young prospects instead.
Summary
Payton has a $3.1 million team option for 2025-2026, and if that is declined he will be an unrestricted free agent with a $2.3 million cap hold and Non-Bird rights. This means that the highest starting salary the Pelicans could offer him using the Non-Bird Exception is $4 million. This should be enough to retain Payton, since he settled for the minimum to come to New Orleans. Alternatively, the Pelicans could use their Mid-Level Exception or Bi-Annual Exception (if available) to retain him. However, if they were really that interested in retaining him, they would simply pick up his option. If the Pelicans decline his team option and sign Payton to a new one-year minimum contract, his cap hit will actually decrease to $2.3 million, but he will earn a little over $100k more since his minimum salary is higher than his team option amount. Therefore, it would be mutually beneficial for the Pelicans and Payton to sign a new one-year contract instead of exercising the team option, if they want to retain him. Other teams will have multiple ways to sign Payton as even teams without cap space could use the Non-Taxpayer MLE, Room MLE, Taxpayer MLE, or Bi-Annual Exception to sign him. It's also likely that Payton only gets minimum offers again, and he may not even get fully-guaranteed offers.
Cap Considerations
Trent Forrest (1 year non-guaranteed minimum, 2024) Dennis Smith, Jr. (1 year non-guaranteed minimum, 2023) Markelle Fultz (1 year non-guaranteed minimum, 2024)