Speaking to reporters on Monday at his end-of-season media session, Cavaliers head of basketball operations Koby Altman expressed a desire to re-sign free agents Ty Jerome and Sam Merrill this offseason. While Cleveland projects to operate above the second tax apron next season, the team will have the ability to sign both players using Jerome’s Early Bird rights and Merrill’s Bird rights .
However, the cost of retaining the two key reserves would be significant due to the accompanying luxury tax penalties. Although neither Jerome nor Merrill projects to get a massive payday, both players are due significant raises after earning just $2.6MM and $2.2MM, respectively, in 2024/25.
One Eastern Conference executive who spoke to Chris Fedor of Cleveland.com (subscription required) predicted that Jerome’s market in free agency will be in the neighborhood of $12-14MM annually, which would make him a target for teams with the non-taxpayer mid-level exception available this summer. The full MLE is projected to be worth $14.1MM next season.
As Fedor writes, despite his breakout season this past year, Jerome is still viewed as a backup rather than a starter, especially since he was exploited on defense during the Cavaliers’ second-round series vs. Indiana. That perception figures to limit the 27-year-old’s earning potential to some extent in free agency, reducing the odds that he gets a deal exceeding the mid-level.
Fedor identifies the Spurs, Mavericks, and Warriors as a few of the teams to watch as possible suitors for Jerome and hears from sources that the Nuggets have interest too, though their cap situation could prevent them from getting involved. That may also be the case for the Mavs, barring cost-cutting moves in Dallas.
The Pistons could use backcourt help with Dennis Schröder and Malik Beasley entering free agency, but one source close to Jerome tells Cleveland.com that Detroit is probably a “long shot.” As Fedor writes, the Pistons are expected to focus on re-signing Beasley, while Jerome may not be an ideal fit for J.B. Bickerstaff‘s defense-first approach.
If Cavs owner Dan Gilbert is willing to pay a massive tax bill and Jerome doesn’t get offers that far exceed what the Cavs put on the table, Fedor wouldn’t be surprised to see a reunion, noting that the veteran guard recognizes he’s in a great situation in Cleveland.
As for Merrill, one source tells Fedor that his price point could be in the range of $6-8MM per year. The 29-year-old has never earned more than the veteran’s minimum, but he’s a 38.6% career three-point shooter and has improved as a defender.