Official announcement! Four signings were reached in one night, and 125 million yuan of contract was signed in the draft, and the contract was renewed in advance for the No. 53 show last year

On July 15, just one night passed, the NBA officially announced several signings, including some new renewals. Let's try it out. Four signings were reached in one night, and the 125 million yuan contract was signed in the draft, and the contract was renewed in advance for the No. 53 show last year. Let’s talk about the Grizzlies, they just announced that they had reached an early contract renewal with defender Cam Spencer. Kam Spencer was the No. 53 pick in 2024. His ball quotient is very high and his three-pointers are accurate, but his physical fitness is too mediocre.

Originally, Spencer's contract with the Grizzlies was 4.5 million for two years, and it was partly guaranteed. However, due to his outstanding performance in the summer league and the Grizzlies Bain and Kennard's departure, Spencer got the opportunity to reach a four-year, $10.5 million early contract renewal with the Grizzlies. You know, Spencer was made from a two-way contract, and it is very inspiring to sign a tens of millions of contracts now.

Let's talk about another inspirational story, Naz Reed, who lost the draft in 2019, and today we reached a five-year, $125 million early contract renewal with the Timberwolves! As a player who was born in a undrafted draft, Naz Reed is really inspiring to sign a 125 million fat contract now. But in fact, many people think that Nazreid's contract is still small, and his role and ability are actually greater. But due to poor playoffs this year, Nazreed was also underpriced during the contract renewal negotiations.

Then there is the Pelicans. Just today, the Pelicans officially announced that the team reached an early contract renewal with the former second round No. 35 pick Herbert Jones. According to the report of Shams, the new contract is about 68 million in three years. Anyone who is familiar with Herbert Jones knows that this guy is so good at playing, with 7 steals in a single game and 35 points in a single game. He is a top 3D player with a very scary arm span. After the early renewal is completed, Herbert Jones' contract for the next five years will reach $97 million for five years, and he is only 27 years old this year, which looks very worthwhile. The last signing of the Cavaliers came from the Cavaliers. Just today, the Cavaliers officially announced that they had reached a contract renewal with the team's basketball operations president Ultraman, and the two parties will continue to cooperate until 2030. Ultraman is the Cavaliers' basketball operations president and the builder of this Eastern powerhouse. Shams reported the news, and then the Cavaliers officially confirmed that the news was true. Ultraman successfully reorganized James' future assets after leaving the team, selected Mobley and Garland, and traded for Mitchell, Allen and others, which quickly improved the Cavaliers' strength and ranked first in the Eastern Conference last season. Although they eventually lost 1-4 to the Pacers in the Eastern Conference semi-finals and missed the Eastern Conference Finals, the injury of Mitchell, Garland, Mobley and others was the biggest reason. The team unanimously agreed that Ultraman's work was done very well and the team is expected to rely on this set of bottom to continue to win the championship.