2017 July | Hoops Rumors

Spurs Sign Matt Costello To Two-Way Deal

July 24th, 2017 at 5:44pm CST by Luke Adams

July 24: The signing is official, according to a team press release.

July 20: The Spurs are set to sign Summer League standout Matt Costello to a two-way contract, according to ESPN’s Zach Lowe (Twitter link). It will be the first two-way deal in the franchise’s history.

A Michigan State alum, Costello went undrafted in 2016, but caught on with the Hawks and spent training camp with the club. The big man didn’t make Atlanta’s regular season roster, but was signed – and then waived again – by the Grizzlies at the end of the preseason so that Memphis could gain his G League rights. Costello ultimately spent the season with Iowa, averaging 9.5 PPG and 10.3 RPG in 23 contests.

Costello showed off his rebounding prowess again this summer in Las Vegas, as his 12.0 RPG led all players in Summer League action. The 23-year-old played for the Timberwolves’ squad in Summer League, and according to Darren Wolfson of 5 Eyewitness News (Twitter link), Minnesota also had significant interest in locking up Costello to a two-way contract. However, he’ll make the move to San Antonio, and figures to spend much of 2017/18 with the Austin Spurs.

For more information on how two-way contracts work and how much they pay, be sure to check out our FAQ.

Heat Sign Derrick Walton Jr. To Two-Way Deal

July 24th, 2017 at 5:27pm CST by ChrisCrouse

Miami has signed Derrick Walton Jr. to a two-way deal, according to the team’s website. The contract will be the first two-way deal in franchise history, as our updated 2017/18 NBA Two-Way Contract Tracker indicates.

Players on two-way deals will spend most of their season in the G-League since they cannot spend more than 45 days with an NBA club, as our glossary page on two-way contracts shows.

Walton Jr. spent four seasons at the University of Michigan, where he scored 11.6 points per game. As a senior, he scored 15.5 points per game while adding 4.9 assists and 4.8 rebounds per contest.

Cavaliers Hire Koby Altman As GM

July 24th, 2017 at 5:12pm CST by ChrisCrouse

The Cavaliers have named Koby Altman their new GM, according to the team’s website.

Altman, who spent the last five seasons with the franchise, was promoted to Assistant GM in September of 2016. He’s been serving as the interim GM since the team parted with David Griffin.

“Over the past month, Koby Altman has led our front office group through this transition period, impressing many inside the franchise and outside the organization, as well,” Owner Dan Gilbert said. “We are very excited that he will now be officially leading the basketball side of our franchise. Koby has the credentials, knowledge, experience and instincts to be an outstanding General Manager.

“In addition to these positive attributes and outstanding relationships around the league, Koby will inspire and impact the best possible culture throughout the organization. We are going to see a capable and passionate leader who will also cultivate new ideas and innovation. The speed of the game is ever faster on the court and in the front offices around our league. I am confident that Koby is equipped and prepared to lead and succeed in this dynamic environment.”

Gilbert added that other front office moves are expected to take place. “We are looking forward to announcing additional restructuring involving these remarkable executives in the very near future,” said Gilbert.

Altman has his work cut out for him in Cleveland. Kyrie Irving recently requested a trade and as Austin Kent of Hoops Rumors noted, the organization may have helped itself in trade negotiations by legitimizing Altman’s role.

Pau Gasol Re-Signs With Spurs

July 24th, 2017 at 4:33pm CST by Dana Gauruder

July 24: The signing is official, according to a team press release. The deal will be for $48MM over three seasons with the final year’s salary being partially guaranteed, Adrian Wojnarowski of ESPN.com reports (ESPN Now link)

July 21: Veteran center Pau Gasol has agreed to a three-year contract with the Spurs, Adrian Wojnarowski of ESPN.com reports. The third year will be partially guaranteed, Wojnarowski adds.

Gasol opted out of the final year of his contract this summer but was expected all along to rejoin the Spurs. Gasol, 37, left $16.2MM on the table when he made that decision but he wanted to facilitate the team’s offseason.

The tradeoff was getting a couple more years of security. That helped the Spurs sign several free agents, including Rudy Gay.

Gasol played a lesser role last seson for San Antonio than he had for other clubs. However, he remained efficient when he did play. Averaging a career-low 25.4 minutes per game, the Spaniard chipped in 12.4 PPG, 7.8 RPG, and 1.1 BPG. He also developed into a three-point shooter, shooting an eye-popping 53.8% from outside, with 0.9 threes per game.

Heat Sign Matt Williams

July 24th, 2017 at 4:27pm CST by ChrisCrouse

The Heat have signed Matt Williams, according to the team’s website. Ira Winderman of the Sun Sentinel tweets that as of now, the agreement won’t be a two-way deal. He adds that as long as Williams’ guaranteed salary isn’t over $50K, the deal could eventually be converted into a two-way contract.

Williams played for Miami’s two summer league teams this offseason, where he averaged 9.9 points per game. The combo guard made 39% of his shots from behind the arc during the eight contests.

The University of Central Florida alum was not selected in the 2017 draft. He spent five seasons at the school, including one year where he was redshirted. During his senior campaign, he averaged 15.1 points per game while making 40.9% of his shots overall.

Hoops Rumors’ 2017 NBA Free Agent Tracker

July 24th, 2017 at 3:17pm CST by Luke Adams

With the 2017/18 NBA league year well underway, and news of contract agreements still coming in, Hoops Rumors is here to help you keep track of which players are heading to which teams this offseason. To that end, we present our Free Agent Tracker, a feature we’ve had each year since our inception in 2012. Using our tracker, you can quickly look up deals, sorting by team, years, salary, and a handful of other variables.

A few notes on the tracker:

Some of the information you’ll find in the tracker will reflect reported agreements, rather than finalized deals. As signings become official, we’ll continue to update and modify the data.
Similarly, contract years and dollars will be based on what’s been reported to date, so in many cases those amounts will be approximations rather than official figures. Listed salaries aren’t necessarily fully guaranteed either.
A restricted free agent who agrees to or signs an offer sheet will be included in the tracker, but the team won’t be specified until his original club matches or passes on the offer sheet, in order to avoid confusion.
Two-way contracts and draft pick signings aren’t included in the tracker.
Click on a player’s name for our full report on his deal.
If you’re viewing the tracker on mobile, be sure to turn your phone sideways to see more details.

Our 2017 Free Agent Tracker can be found anytime on the right sidebar under “Hoops Rumors Features,” and it’s also under the “Tools” menu atop the site. It will be updated throughout the offseason, so be sure to check back for the latest info. If you have any corrections, please let us know right here.

Our lists of free agents by position/type and by team break down the players who have yet to reach contract agreements.

Categories:
Hoops Rumors Originals

Mutual Interest Between Carmelo Anthony, Thunder?

July 24th, 2017 at 1:43pm CST by Luke Adams

Carmelo Anthony and the Thunder are “officially circling each other,” according to Bill Simmons of The Ringer (Twitter link). As Simmons observes, Troy Weaver – Sam Presti‘s top lieutenant in Oklahoma City’s front office – has a history with Anthony, having recruited him to Syracuse a decade and a half ago.

Simmons isn’t technically a reporter, but he’s plugged in when it comes to the NBA, so his suggestion that there may be mutual interest between Anthony and the Thunder is an interesting one. The Knicks reportedly had hoped that the standout forward would expand his list of preferred destinations beyond just Houston and Cleveland, so it’s possible that Carmelo isn’t entirely zeroed in on those two teams.

Like the Rockets and Cavs, however, the Thunder wouldn’t necessarily be an ideal trade partner for the Knicks. Oklahoma City moved two of its best young players in the Paul George deal, and has committed to trading first-round picks in 2018 and 2020, limiting the club’s assets.

Steven Adams could be an interesting trade chip for OKC, but it’s not clear if the Thunder would be willing to include him in a deal for Anthony. For salary-matching purposes, Enes Kanter would likely have to be part of any offer if Adams isn’t involved, and I expect Kanter wouldn’t appeal much to the Knicks. So even if Carmelo were willing to waive his no-trade clause for the Thunder, a deal wouldn’t necessarily be any easier than it would be with the Rockets or Cavaliers.

The Trail Blazers are also interested in getting involved in the Anthony sweepstakes, though despite recruiting efforts from Damian Lillard and C.J. McCollum, there has been no indication that the Knicks forward is willing to accept a deal to Portland. Lillard spoke this week about his pitch to Anthony, as Kurt Helin of Pro Basketball Talk details.

Pelicans Sign Darius Miller

July 24th, 2017 at 1:35pm CST by ChrisCrouse

JULY 24, 1:35pm: The Pelicans have officially signed Miller to a two-year deal with a second-year team option, tweets ESPN’s Adrian Wojnarowski. David Pick adds (via Twitter) that – contrary to an earlier report – the deal is worth $4.3MM, which suggests New Orleans may have used a portion of its mid-level exception to complete the signing.

JULY 6, 3:19pm: Miller is expected to get a two-year deal worth more than $3MM, per Sportando (Twitter link). Of course, Miller’s minimum salary for 2017/18 is worth over $1.5MM, so this sounds like a minimum contract.

JULY 5, 5:23pm: The Pelicans have agreed to a deal with Darius Miller, according to international journalist David Pick (Twitter link). The terms of the deal were not disclosed, but it’s likely a minimum salary arrangement.

Miller, who won a championship at Kentucky alongside Anthony Davis, was selected in the second round of the 2012 draft by New Orleans. He spent three seasons with the team before being waived.

The small forward signed on with Brose Bamberg part way through the 2014/15 season and remained with German club through the end of last season. He thrived during his European opportunity, earning first-team honors this past season after winning the BBL Finals MVP during the 2016 postseason.

Latest On Kyrie Irving

July 24th, 2017 at 12:25pm CST by Luke Adams

There’s little chance that the Cavaliers will salvage their relationship with Kyrie Irving, according to ESPN’s Zach Lowe, who says the team is “acting as if a trade is almost inevitable.” Per Lowe, the Cavs also seem confident that they’ll be able to land a significant haul for Irving, despite the fact that stars like DeMarcus Cousins, Paul George, and Jimmy Butler have returned underwhelming hauls so far this year.

Lowe’s latest piece on Irving explores possible trade scenarios involving the Suns, Celtics, Heat, Knicks, Hawks, Bucks, Nuggets, Timberwolves, Pelicans, and more. While many of those proposed scenarios appear to be speculation on Lowe’s part, they give the impression that the Cavs certainly won’t be limiting themselves to Irving’s reported wish list of four teams as they seek out the best possible deal.

Here’s more from Lowe, along with other updates on Irving:

The Cavaliers‘ highest priority in an Irving trade is to get a “blue-chip” young player in return, sources tell Lowe. Cleveland’s ideal scenario would be a deal that nets the club that blue-chip player, plus a veteran or two, plus draft picks. In other words, the Cavs are aiming for a trade package that provides the best of both worlds — players that can help the team contend for a championship in the short term, and valuable long-term assets.
Since Irving made his trade request, the Cavaliers‘ front office has studied every trade involving a star player over the last decade, per Lowe. One particular deal that caught the club’s eye was the one that sent Goran Dragic from Phoenix to Miami for a package that included multiple first-round picks.
Many teams, including the Celtics, have called the Cavaliers to let them know they want to be kept in the loop as trade talks progress, writes Lowe.
The Nets still have a chunk of salary cap room remaining and could be an interesting trade partner in a multi-team scenario, but there have been no rumblings yet about their potential participation, according to Lowe.
The Kings have no interest in moving De’Aaron Fox in a deal for Irving, reports James Ham of CSNBayArea.com.
One Western Conference team executive tells Chris Mannix of The Vertical that he thinks the Cavaliers may end up having to wait until after December 15 to make a deal, after this year’s free agent signees become trade-eligible. If that happens, it might create an awkward few months in Cleveland, with Irving still on the roster when the season begins.

Derrick Rose Meeting With Cavs On Monday

July 24th, 2017 at 8:55am CST by Luke Adams

Free agent point guard Derrick Rose is meeting with Cavaliers officials in Ohio on Monday to continue exploring the possibility of a deal with the club, according to Adrian Wojnarowski of ESPN. Previous reports have indicated that Rose and the Cavs have engaged in serious discussions about a one-year contract.

Cleveland is said to be offering Rose a minimum salary contract, which would only pay him about $2.1MM for the 2017/18 season. That would represent a significant pay cut for Rose, and it’s less than what he could earn from a team like the Lakers, who have their full $4.3MM room exception available. Rose met with the Lakers on Friday.

While the Cavaliers’ offer is modest, league sources tell Wojnarowski that Rose has been leaning toward the opportunity in Cleveland. The Cavs are a more viable contender than the Lakers, which is expected to be a key factor for the former MVP, and Kyrie Irving‘s trade request also figures to play a part in Rose’s interest.

With Irving on the roster, Rose would be part of a backup point guard rotation that also includes Jose Calderon, but if Irving doesn’t start the 2017/18 season in Cleveland, the door would be open for Rose to play a more substantial role. However, according to Wojnarowski, the Cavs haven’t gained traction toward a possible Irving deal yet, despite fielding multiple trade calls and offers in recent days.

Rose, who turns 29 in October, is coming off a season in which he struggled with his outside shot more than ever (.217 3PT%) and wasn’t an elite distributor or defender. Still, he continued to display an ability to get to the rim and put the ball in the net, averaging 18.0 PPG in 64 games with the Knicks.

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