2021 August | Hoops Rumors

Bulls Officially Acquire DeMar DeRozan From Spurs Via Sign-And-Trade

August 11th, 2021 at 3:27pm CST by Luke Adams

The Bulls and Spurs have officially finalized the sign-and-trade deal sending veteran forward DeMar DeRozan to Chicago, reports Chris Haynes of Yahoo Sports (Twitter link).

DeRozan confirmed (via Twitter) that his deal with Chicago, which was first reported last Tuesday, is now done, while the Bulls and Spurs issued press releases announcing the move. DeRozan reportedly received a fully-guaranteed three-year, $85MM commitment from Chicago

In exchange for the four-time All-Star, the Spurs received forwards Thaddeus Young and Al-Farouq Aminu, a future protected first-round pick, the Lakers’ 2022 second-round pick, and the Bulls’ 2025 second-round pick. The earliest the Spurs will receive that first-round pick from Chicago is in 2025, since the Bulls owe a top-four protected 2023 first-rounder to Orlando.

The move punctuates a productive offseason for the Bulls, who also landed Lonzo Ball in a sign-and-trade with New Orleans and signed Alex Caruso using the mid-level exception. They’ll join a group led by Zach LaVine and Nikola Vucevic as Chicago looks to get back to the playoffs for the first time since 2017.

While DeRozan’s lack of a three-point shot (he has made 35 in the last three seasons) is an oddity for a wing in the modern NBA, his mid-range game is deadly and he has become a legitimately dangerous play-maker, averaging a career-best 6.9 assists per game in 2020/21 to go along with his 21.6 PPG and 4.2 RPG. Opponents will have a tough time stopping lineups featuring him, LaVine, and Vucevic, even if it won’t be the most stout group defensively.

The Sixers, Suns, Trail Blazers, Warriors, Celtics, Clippers, and Knicks were reportedly among the teams to express interest in DeRozan, but some of those clubs went in different directions and several didn’t have the ability to match or top the Bulls’ offer to the 32-year-old.

With Ball, DeRozan, and Caruso officially locked up, the Bulls will focus on resolving Lauri Markkanen‘s contract situation. The restricted free agent forward is reportedly looking for a fresh start away from Chicago, but the Bulls won’t want to let him walk without getting an asset or two in return.

The Spurs, meanwhile, are now free to move forward on completing the rest of their reported free agent signings, including Zach Collins, Bryn Forbes, and Jock Landale.

The DeRozan deal had been the last trade reported during the 2021 offseason that hadn’t yet been finalized. All of this month’s reported trades are now official.

Eastern Notes: Ntilikina, Kemba, Simmons, Timma, Magic

August 11th, 2021 at 2:43pm CST by Luke Adams

The Knicks have renounced their free agent rights to former lottery pick Frank Ntilikina, according to RealGM’s transactions log.

The move, which was necessary in order for New York to maximize its cap space, doesn’t preclude the team from re-signing Ntilikina. The Knicks no longer have his Bird rights, but could still re-sign him using cap space or an exception (such as the minimum-salary exception). There has been no indication that’s in the cards, however.

Here’s more from around the Eastern Conference:

Kemba Walker‘s new two-year, $18MM contract with the Knicks is fully guaranteed with no options, tweets Mike Vorkunov of The Athletic. Keith Smith of Spotrac, providing the year-by-year breakdown, notes (via Twitter) that the two-year value technically comes in at about $17.89MM.
Checking in on the Ben Simmons sweepstakes, ESPN’s Zach Lowe confirms that the Spurs, Warriors, and Timberwolves are among the teams that have had some talks with the Sixers and reiterates a point that a few other reporters have made — Philadelphia likely wants to wait to see if Damian Lillard becomes available before moving Simmons. For now, the Trail Blazers star hasn’t asked to be dealt and is off the table, Lowe adds.
Josh Robbins of The Athletic takes a closer look at the bid 29-year-old Janis Timma is making to earn a spot on the Magic‘s roster. The 60th pick in the 2013 draft, Timma has spent his professional career in Europe but is part of Orlando’s Summer League squad. “I just want to show that I’m ready to play here and I belong here,” he said.
The Lakeland Magic have hired Joe Barrer as their head coach, according to a press release from the team. Barrer spent the last four seasons as an assistant coach to Stan Heath for Orlando’s G League affiliate. Heath, who led Lakeland to an NBAGL title and earned Coach of the Year honors earlier this year, left for a job at Eastern Michigan.

Bucks Sign Georgios Kalaitzakis To Three-Year Deal

August 11th, 2021 at 2:40pm CST by Luke Adams

2:40pm: Kalaitzakis‘ three-year, minimum-salary deal with the Bucks is currently 50% guaranteed ($462,629) in year one and will become 50% guaranteed ($781,759) for year two if he remains under contract through August 25, 2022, tweets Keith Smith of Spotrac.

12:44pm: The Bucks have officially signed Georgios Kalaitzakis, the last pick in this year’s draft, to his first NBA contract, the team announced today in a press release. According to Eric Nehm of The Athletic (Twitter link), it’s a three-year deal.

A 6’8″ guard/forward from Greece, Kalaitzakis has been under contract with Panathinaikos since 2016, having spent four seasons with the Greek club and one year on loan to Nevezis Kedainiai in Lithuania in 2019/20. The Pacers drafted the 22-year-old with the No. 60 pick on behalf of the Bucks, sending his rights to Milwaukee in a trade involving the No. 31 selection.

Assessing the pick on draft night, ESPN’s Jonathan Givony praised Kalaitzakis’ physical tools, positional versatility, and “terrific” frame, but cautioned that he’s an average decision-maker and shooter whose stock leveled off over the last couple years due to his lack of playing time for Panathinaikos. Kalaitzakis averaged just 2.6 PPG and 1.0 RPG in 27 Greek League and EuroLeague games in 2020/21.

Milwaukee used a portion of its mid-level exception to complete the signing, which allowed the team to offer Kalaitzakis more than just two years. The Bucks, who also used $4MM of their mid-level on George Hill, aren’t hard-capped because they haven’t spent more than the $5.89MM taxpayer portion of the MLE.

Unlike a veteran or undrafted free agent, Kalaitzakis will only count for about $926K for tax purposes, assuming he signed for the rookie minimum, which should help keep the Bucks’ year-end tax bill in check.

Isaiah Thomas On Lakers’ Radar

August 11th, 2021 at 1:47pm CST by Luke Adams

The Lakers still have multiple roster spots available after overhauling their roster around LeBron James and Anthony Davis this offseason, and according to veteran NBA reporter Marc Stein, free agent guard Isaiah Thomas is among the players the team is considering to fill one of those openings.

As Stein explains, it’s far from a lock that the Lakers will sign Thomas, but he’s among the targets the team is keeping its eye on in the search for “additional backcourt punch.”

Thomas generated some buzz on social media over the weekend by racking up 81 points in a Pro-Am game in Seattle. However, he has struggled to make an impact at the NBA level in recent years.

Thomas has appeared in 55 total games since the start of the 2018/19 season for the Nuggets, Wizards, and Pelicans, averaging 11.1 PPG and 3.2 APG on .393/.381/.771 shooting in 21.0 minutes per contest during that time. While those numbers aren’t bad, they haven’t been enough to make up for his below-average defense and earn him a full-season rotation role.

Stein – who reported last week that the Celtics have also mulled the idea of a reunion with Thomas – says the Lakers don’t view Thomas’ failed stint alongside James with the 2017/18 Cavaliers as a deterrent, but will still have to decide how best to use their final roster spots.

Currently, Los Angeles has 12 players on guaranteed contracts, plus Joel Ayayi and Austin Reaves on two-way deals.

Pistons Re-Sign Rodney McGruder

August 11th, 2021 at 12:26pm CST by Eli Cohen

AUGUST 11: McGruder’s one-year deal is worth the veteran’s minimum and is fully guaranteed, tweets Michael Scotto of HoopsHype.

AUGUST 10: Free agent swingman Rodney McGruder has re-signed with the Pistons, according to NBA.com’s official transactions page. It’s a one-year deal, per RealGM’s transactions log.

McGruder came over to Detroit during the 2020 offseason in the trade that sent Luke Kennard to the Clippers. The 29-year-old only played 16 games for the rebuilding team, averaging 5.7 PPG, 1.4 RPG and 1.0 APG in 12.1 minutes a night. His inclusion on a rebuilding Pistons’ roster would likely be in large part to serve in a mentor role to the team’s many young players.

Financial details of McGruder’s deal aren’t yet known. However, the Pistons waived him on Friday to avoid having his $5MM salary for 2021/22 become guaranteed, so it’s a safe bet his new salary will come in below that number.

The Pistons are currently carrying 14 players on guaranteed contracts, not including McGruder, restricted free agent Hamidou Diallo, or the team’s unsigned second-round picks (Luka Garza and Balsa Koprivica). As such, McGruder’s new deal may not come with any assurances of a regular-season roster spot.

Like McGruder, Cory Joseph has also re-signed with the Pistons just days after being released by the team. His deal is official now too, per NBA.com.

Nets Confident About Extending Harden, Irving

August 11th, 2021 at 12:16pm CST by Luke Adams

The Nets completed one major piece of offseason business when they signed Kevin Durant to a four-year, maximum-salary contract extension worth nearly $198MM. Now, the team is shifting its focus to James Harden and Kyrie Irving, both of whom are extension-eligible too.

Speaking today to reporters, general manager Sean Marks said the Nets have engaged with both star guards about new deals and are “confident” that they’ll get something done before training camp begins in late September (Twitter link via Malika Andrews of ESPN).

It’s unclear if Brooklyn will simply put long-term, maximum-salary offers on the table for Harden and Irving, as the team did for Durant, or if more extensive negotiations will be required.

The largest possible extensions for the two stars would work out to $161MM over three years for Harden (starting in 2023/24) and a projected $186.6MM over four years for Irving (starting in 2022/23), according to ESPN’s Bobby Marks (Twitter link).

Here’s more on the Nets:

Marks admitted today that he thought restricted free agent Bruce Brown might get a big offer sheet from another team that would make life difficult for the Nets (Twitter link via Brian Lewis of The New York Post). However, Brown – who accepted his one-year, $4.7MM qualifying offer – told him that “the job wasn’t done” in Brooklyn.
While he acknowledged that the roster could look a little different in a month or two, Marks said the plan is “definitely” for DeAndre Jordan to be part of the team moving forward (Twitter link via Lewis).
The Nets made defense a priority in free agency, according to Marks (Twitter link via Lewis). Lewis wrote about that subject in more depth for The New York Post, noting that in addition to re-signing Brown, the team brought in Jevon Carter, DeAndre’ Bembry, and James Johnson.
Marks pointed to rebounding as an issue the Nets still need to address, whether via a roster addition or internally (Twitter link via Lewis).

Jazz Re-Sign Trent Forrest To Two-Way Contract

August 11th, 2021 at 11:42am CST by Luke Adams

Trent Forrest is back under contract with the Jazz on a new two-way contract, according to the official transactions log at NBA.com.

Forrest, 23, initially signed a two-way deal with Utah last November after going undrafted out of Florida State. The 6’4″ guard appeared in 30 games for the team as a rookie, averaging 2.9 PPG, 1.5 APG, and 1.5 RPG in 10.1 minutes per contest.

Prior to free agency, the Jazz issued qualifying offers to both of their two-way players, Forrest and Jarrell Brantley. Because Brantley had spent two seasons on a two-way contract with Utah, his qualifying offer – which he accepted – was equivalent to a one-year, minimum-salary deal with a partial guarantee. Forrest’s was for another two-way deal, so it’s possible he just accepted that QO rather than negotiating a new two-way agreement.

As our two-way contract tracker shows, the Jazz still have one open two-way slot with Forrest back in the fold.

Knicks Officially Sign Kemba Walker

August 11th, 2021 at 10:55am CST by Luke Adams

10:55am: Walker’s new deal is worth $18MM over two years, sources tell Mike Vorkunov and Shams Charania of The Athletic (Twitter link).

9:40am: The Knicks have officially signed free agent point guard Kemba Walker, the team announced today in a press release. It’s a homecoming for Walker, who was born and raised in the Bronx.

“We are beyond thrilled to bring native New Yorker Kemba Walker back to the city he’s proud to call home. He’s a tremendous talent whose skill and leadership will be a huge addition to our organization,” Knicks president of basketball operations Leon Rose said in a statement. “We’ve already seen how well he performs on The Garden stage and can’t wait to witness it on a nightly basis in front of his family, friends, and the best fans in the league.”

Word first broke last Wednesday that Walker had agreed to a buyout with the Thunder and was planning to sign with the Knicks. Oklahoma City officially placed the Walker on waivers on Friday after the two sides finalized a buyout agreement that saw the 31-year-old give up $20MM of the $73MM+ left on his contract.

Walker’s new deal with the Knicks is expected to cover two seasons and be worth about $8-9MM annually, as reported last week by Ryan McDonough of NBC Sports Boston (Twitter link).

Walker, who was traded from Boston to Oklahoma City in June, was limited to 43 games for the Celtics in 2020/21 due to knee issues, but put up strong numbers in the games he played, averaging 19.3 PPG, 4.9 APG, and 4.0 RPG on .420/.360/.899 shooting in 31.8 minutes per contest.

The four-time All-Star will join a Knicks backcourt that also features Derrick Rose, Immanuel Quickley, Alec Burks, and second-round pick Miles McBride.

New York has been a little slower than some teams in finalizing the free agent deals it agreed to during the moratorium — the order of operations is crucial for the Knicks, who are completing most of their signings using cap space. The team officially completed Nerlens Noel‘s deal on Tuesday and have now finalized Walker’s too. The others – including Rose, Burks, and Evan Fournier – will likely be announced soon.

Contract Details: Noel, Dekker, Robinson-Earl, Joseph

August 11th, 2021 at 10:35am CST by Luke Adams

Nerlens Noel‘s three-year deal with the Knicks – reported last week to be worth $32MM – actually has a lower base value than expected, according to ESPN’s Bobby Marks, who said in an Instagram video that the deal starts at $8.8MM.

Keith Smith of Spotrac tweets the year-by-year breakdown of Noel’s contract, which has a third-year team option and is worth $27.72MM in total. The agreement includes $4MM in total unlikely incentives, says Smith. If the Knicks center doesn’t earn any of those incentives and doesn’t have his third-year option picked up, he’d end up earning a little over $18MM for two seasons.

Here are a few more new contract details from around the NBA:

Sam Dekker‘s one-year, minimum-salary contract with the Raptors features a partial guarantee worth $350K, according to Smith (Twitter link). Dekker’s salary will become fully guaranteed if he makes Toronto’s regular season roster.
Jeremiah Robinson-Earl‘s four-year contract with the Thunder includes fully guaranteed salaries of $2MM apiece in the first two seasons, followed by a non-guaranteed third year and a fourth-year team option, per Marks (Instagram video). It’s the same structure Oklahoma City used a year ago to sign another early second-round pick, Theo Maledon.
The Pistons completed the signing of Cory Joseph – which became official on Tuesday – using the room exception after using up their cap space, according to Marks (Instagram video). Joseph got $10MM over two years, with a second-year player option.

Southeast Notes: Hornets, Oubre, Dinwiddie, Lawson, Heat

August 11th, 2021 at 8:41am CST by Luke Adams

In the weeks leading up to free agency, the Hornets were said to be looking to add multiple centers to their roster and were linked to top free agents like Richaun Holmes and Nerlens Noel in addition to intriguing trade candidates like Myles Turner.

The Hornets ultimately took a quieter approach to addressing the center position, accommodating a salary-dump deal for Mason Plumlee and selecting Kai Jones with the 19th pick in the draft. As Steve Reed of The Associated Press writes, president of basketball operations Mitch Kupchak‘ comments to reporters on Tuesday suggested that Plumlee will probably be the starter in 2021/22 but isn’t necessarily a long-term solution.

“Our thought process was to get somebody that’s a veteran under a reasonable contract and also give these young guys a chance to grow a little bit, and maybe a year from now they’re going to be the guys that maybe we should’ve pursued this year in free agency,” Kupchak said.

As Reed notes, besides Jones, the Hornets also have young bigs like Vernon Carey and Nick Richards on the roster, so the team will be focused on developing all of them this season. In the interim, Charlotte was happy to play it safe by acquiring Plumlee rather than trying to make a big splash in free agency.

“Going into free agency, there are 30 teams and there were a couple of centers available, but you don’t know where you rank,” Kupchak said. “You don’t know what the marketplace is going to be like once free agency begins, so there’s a lot of uncertainty going in. … We felt we got somebody (Plumlee) with two years remaining who’s a proven veteran on a good financial contract.”

Here’s more from around the Southeast:

New Hornets forward Kelly Oubre said the team’s “youth” and “energy” drew him to Charlotte, as Rod Boone of SI.com relays. “We played against them last year on three different occasions and the way they played — the young guys, the athletic ability, the speed they play with, the way they share the basketball and shoot the basketball and then how they defend — it was fun,” Oubre said. “I’m telling you, even playing against them, it was fun to watch them play against other teams, scouting against them.”
Newly-signed Wizards guard Spencer Dinwiddie tells Fred Katz of The Athletic that it was excruciating waiting to see whether Washington’s sign-and-trade deal for him – which turned into a five-team trade – would ultimately come together. “They were terrible,” Dinwiddie said of the 48 hours he spent waiting. “They were terrible, because you gotta remember, this wasn’t just, ‘Oh, I’m going to the Wizards and we’re just figuring out the dollars. Is it 58 (million)? Is it 59? Is it 60?’ That wasn’t it. You had to get all these parties to agree, and if any of the parties say no, then the whole trade falls through. … I wasn’t just even relying on Brooklyn and the Wizards to negotiate. I was relying on five, six teams.”
Undrafted rookie guard A.J. Lawson has left the Heat‘s Summer League team to join the Hawks‘ SL roster, tweets Anthony Chiang of The Miami Herald. A report on draft night suggested that Lawson was expected to attend training camp with the Heat, but that no longer seems likely.

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