This summer is shaping up to be lucrative for NBA free agents and big man Bobby Portis is well-positioned to cash in. After spending the final three months of the 2018-19 season with the Wizards, Portis is already seeing a healthy market develop ahead of the June 30 start of the league's negotiating period, NBC Sports Washington has learned.
The Wizards are likely to first extend a qualifying offer on June 30 to make him a restricted free agent. According to Spotrac.com, it will be about $3.6 million and that will give the Wizards the right to match an offer sheet from another franchise.
But teams are already indicating they want Portis, who is just 24 and coming off a season in which he averaged a career-high 14.2 points and 8.1 rebounds in 50 games. That market includes 5-10 teams and could grow once free agency opens.
Despite restricted free agency, Portis has a few things working for him. For one, there are a lot of teams with cap room. Spending won't reach 2016 levels, when the new CBA spiked the salary cap, but there will a lot of money to go around.
Also, guys in Portis' tier will only be helped if the top free agent options continue to dwindle. Klay Thompson looks more likely than ever to stay in Golden State after tearing his ACL. Winning a title could increase the odds Kawhi Leonard re-signs in Toronto, according to reports. And Kevin Durant's torn Achilles has thrown a wrench into the plans of teams with the most money to spend.
Portis isn't directly competing with any of those players, but could benefit if the top options are off the market. His name will only move up the list if that is the case.
Portis also has a unique selling point going for him. He shot 39.3 percent from three this past season and held a 40.3 percent clip to close the year in his 28 games with the Wizards. Three-point shooting is more valuable than ever and he brings that to the table at 6-foot-10.
Portis, who averaged 3.8 three-point attempts per game this past season, was one of only six players 6-10 or taller to shoot at least 39 percent on 3.5 attempts or more (min. 50 G).
The question for Portis will be whether he gets the money he wants. He turned down an extension with the Chicago Bulls last fall just hours before the deadline to sign one. According to the Chicago Tribune, the deal was worth about $50 million and he wants to be paid in the range of $16 million annually. His asking price was partly why the Bulls traded him to the Wizards in February.
Even if the Wizards clear money, and they are expected to free up some by declining Jabari Parker's $20 million team option by the June 29 deadline, Portis could price himself out of Washington. It might not even take $16 million per year for that to happen.
The Wizards are set to operate through free agency with interim team president Tommy Sheppard at the helm, as the Washington Post reported on Tuesday. Sheppard making the call increases Portis' odds of staying, but that doesn't mean the price will match for both sides.
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