2023 June | Hoops Rumors

Raptors Notes: VanVleet, Poeltl, Siakam, Anunoby, Wieskamp

June 28th, 2023 at 5:57pm CST by Arthur Hill

In a look at where the Raptors stand heading into free agency, Eric Koreen of The Athletic expects the team to re-sign both Fred VanVleet and Jakob Poeltl, although it will be expensive to do so. Koreen projects a four-year, $130MM contract for VanVleet and a three-year, $63MM deal for Poeltl. That would give Toronto $164.8MM committed to 12 players for the upcoming season, leaving no way to fill out the roster without exceeding the projected luxury-tax threshold of $165MM.

The Rockets may be ready to offer VanVleet a maximum-salary contract, but they reportedly want to limit it to two years. Toronto’s willingness to commit to a longer deal could be enough to convince him to stay, although Koreen also explores sign-and-trade possibilities with the Bulls, Timberwolves and Nets.

The Thunder and Spurs appear to be the best options for Poeltl, Koreen states, although he’s not sure if either franchise will offer a big-money deal to a center with limited shooting range. Koreen also cites the Bucks, Bulls, Lakers and Mavericks as teams that might pursue a sign-and-trade.

There’s more on the Raptors:

Draft night was probably the best time to work out a trade involving Pascal Siakam or OG Anunoby, Koreen adds. A recent report that Siakam may not be open to re-signing with any team that trades for him should cool off his market, but Koreen expects Toronto to still get offers for Anunoby. He also believes it’s likely that both players will start next season with the Raptors, but they probably won’t agree to extensions this summer.
Anunoby has selected CAA Basketball as his new representative, the agency announced (via Twitter). If Anunoby doesn’t sign an extension, he could become a free agent in 2024 by turning down a $19.9MM player option.
Joe Wieskamp and the Raptors have reached an agreement to extend the guarantee date for next season’s contract to July 18, tweets Blake Murphy of Sportsnet.ca. The front office wants to see how he performs during Summer League before committing to another season, adds Murphy, who believes Wieskamp may get a small partial guarantee on the deal for agreeing to the change.

Timberwolves Waive Taurean Prince

June 28th, 2023 at 5:01pm CST by Luke Adams

5:01pm: The Timberwolves have officially waived Prince, per NBA.com’s transaction log.

4:08pm: The Timberwolves have decided not to guarantee Taurean Prince‘s $7,455,000 salary for the 2023/24 season, reports Adrian Wojnarowski of ESPN (Twitter link).

Because Prince has a non-guaranteed contract rather than an option, he’ll have to be waived, meaning Minnesota won’t retain any form of Bird rights on him. While Prince could technically be claimed by a team with cap room or a trade exception big enough to cover his salary, he’ll likely pass through waivers and become an unrestricted free agent.

The Wolves’ decision is a little surprising, given that Prince has been a reliable rotation piece in Minnesota for the last two years. In 123 games since the start of the 2021/22 season, he has averaged 8.1 points, 2.5 rebounds, and 1.2 assists in 19.3 minutes per night, with a solid shooting line of .460/.378/.799.

Still, if the Wolves hope to re-sign restricted free agent Nickeil Alexander-Walker and use a significant portion of their mid-level exception, it would have been virtually impossible to retain Prince and avoid becoming a taxpayer. Waiving him will give the team more wiggle room to negotiate with Alexander-Walker and use the MLE without surpassing the luxury tax threshold.

According to ESPN’s Bobby Marks (Twitter link), Minnesota now projects to be about $15.6MM below the tax line with four roster spots to fill, so the club still isn’t in position to use its full $12.4MM mid-level without further cost-cutting.

Prince, 29, figures to appeal to teams looking for depth on the wing this summer. A decision on his 2023/24 salary was due today, as our list of early guarantee dates shows.

Pistons’ Draft-Night Trade For Marcus Sasser Finalized

June 28th, 2023 at 4:55pm CST by Alex Kirschenbaum

JUNE 28: The trade is now official, according to a tweet from the Pistons.

JUNE 23: The Celtics will receive the following future second-round picks from the Pistons as part of this trade, per a press release:

The most favorable of the Pistons’, Warriors’, and Wizards’ 2025 second-rounders.
The most favorable of the Timberwolves’, Pelicans’, Knicks’, and Trail Blazers’ 2026 second-round picks.

JUNE 22: The Celtics and Pistons are swapping draft picks, according to Shams Charania of The Athletic, who reports (via Twitter) that Detroit is moving up from No. 31 to No. 25 and selecting Houston guard Marcus Sasser.

Technically, the No. 25 pick is still held by the Grizzlies, but it’s being sent to Boston as part of the three-team Marcus Smart trade that was agreed to on Wednesday night. The Celtics will reroute it to the Pistons.

In return, Boston is set to receive both the first pick in the second round and multiple future second-round selections from Detroit, per Adrian Wojnarowski of ESPN (Twitter link). This could be a tactical money-saving move for the Celtics, in the short term.

Sasser, a 6’1″ combo guard, will join a talented young backcourt in Detroit. He will be fighting for bench minutes behind backcourt starters Cade Cunningham and Jaden Ivey, two recent top-five lottery picks.

During his four-year NCAA career with the Cougars, Sasser was a two-time All-AAC selection and a consensus 2023 First Team All-American. In 2022/23, the 22-year-old averaged 16.8 PPG on .438/.384/.848 shooting splits. He also chipped in 3.1 APG, 2.8 RPG, and 1.6 SPG across 36 contests, all starts.

Luke Adams contributed to this report.

Hornets Extend QOs to Washington, Bridges, Maledon

June 28th, 2023 at 4:44pm CST by Arthur Hill

The Hornets have made qualifying offers to P.J. Washington, Miles Bridges and Theo Maledon, the team announced (via Twitter). All three players will be restricted when free agency begins on Friday.

Washington will be a highly sought-after target on the free agent market, and extending the QO gives Charlotte the opportunity to match any offer he receives. The 24-year-old power forward is coming off his best NBA season, averaging 15.7 points, 4.9 rebounds and 2.4 assists in 73 games. His qualifying offer will be $8,486,620.

Charlotte is reportedly interested in bringing back Bridges, who sat out sat out all of last season after pleading no contest to felony domestic violence. General manager Mitch Kupchak declined to comment on Bridges at a post-draft press conference, but rival front offices believe he’ll re-sign with the Hornets. Bridges’ qualifying offer is worth $7,744,600.

Maledon appeared in 44 games for Charlotte after signing a two-way contract shortly before the start of last season. His qualifying offer is equivalent to another one-year, two-way deal.

Southwest Notes: Irving, Wembanyama, Rockets, Morant, Hawkins

June 28th, 2023 at 4:33pm CST by Luke Adams

There will likely be an “extremely limited” market for Kyrie Irving outside of Dallas, Adrian Wojnarowski said during an appearance on ESPN’s SportsCenter on Tuesday (YouTube link). According to Wojnarowski, that’s why the “full expectation” is that Irving will re-sign with the Mavericks.

“The question will be what kind of a deal does he goes back on,” Wojnarowski said. “How many years on a contract? I don’t think the money will be as much of an issue as how many fully guaranteed years are there for Kyrie Irving. I think that’s where the negotiation is going to be between he and the Mavericks.”

While there are no obvious non-Mavericks suitors for Irving at this point, it sounds like Kyrie intends to explore all his options. Appearing on NBA Today on Wednesday (Twitter video link), ESPN’s Ramona Shelburne said Irving plans to take meetings when free agency opens on Friday. According to Shelburne, the mercurial guard hopes to end up somewhere that “feels like home” and where he can spend the rest of his playing career.

Here’s more from around the Southwest:

No. 1 overall pick Victor Wembanyama won’t take part in the California Classic Summer League in early July, but will be joining the Spurs when they travel to the Las Vegas Summer League, the team announced today. Jason Anderson of The Sacramento Bee has the story.
Under new Rockets head coach Ime Udoka, players will have to earn their minutes, according to Jonathan Feigen of The Houston Chronicle, who writes that winning will be prioritized over player development in “phase two” of the team’s rebuild. “A lot of the (playing) time and positions, those things have been given, so to speak, with the young guys,” Udoka said on Monday. “There’ll be changes now in phase two. We are adding some more young pieces but also adding some veterans. So I think this will kind of raise the level of competition. Nothing is handed out anymore.”
Lucas Finton of The Memphis Commercial Appeal has the details on Ja Morant‘s latest dealings with the legal system. According to Finton, the Grizzlies guard has filed a motion to dismiss an ongoing civil suit related to the punch Morant threw at a then-17-year-old during a pickup basketball game last summer.
The Pelicans believe they got the “best shooter in the draft” when they used the No. 14 overall pick on Jordan Hawkins, general manager Trajan Langdon told reporters, including Christian Clark of NOLA.com, on Tuesday.

Heat Decide Against Using Stretch Provision On Kyle Lowry

June 28th, 2023 at 4:25pm CST by Luke Adams

JUNE 28: The Heat have decided against using the stretch provision on Lowry, according to Jackson.

The team will look to use Lowry’s expiring contract in a trade this offseason for Lillard or another player, but if no deal emerges, Miami is comfortable beginning the season with the veteran guard on its roster and revisiting trade scenarios during the season, says Jackson.

JUNE 27: The Heat have been considering the possibility of waiving and stretching the final year of Kyle Lowry‘s contract if they’re unable to find a suitable trade involving the veteran point guard, two sources tell Barry Jackson of The Miami Herald.

Lowry will earn approximately $29.7MM in the last season of his three-year contract with the Heat. That expiring salary could be useful for matching purposes if Miami makes a trade for a player like Damian Lillard.

However, if the team doesn’t make any major deals and wants to re-sign Gabe Vincent and/or Max Strus, its salary projects to be far beyond the luxury tax line, meaning that waiving and stretching Lowry would generate substantial savings.

Using the stretch provision on Lowry would spread his cap hit across three seasons, with charges of approximately $9.9MM per year. As Jackson outlines, going that route would reduce Miami’s salary commitments for 2023/24 from about $178.5MM to $158.5MM, moving the team at least temporarily out of tax territory and well below both tax aprons.

In that scenario, the Heat would probably surpass the tax line ($165MM) again by re-signing Vincent, but would be on the hook for a much smaller bill and could stay below the restrictive second tax apron ($179.5MM).

Besides potentially being a useful salary-matching trade chip, Lowry also still has some value on the court, having averaged 11.2 PPG, 5.1 APG, and 4.1 RPG in 55 regular season games (31.2 MPG) last season. So Miami is unlikely to waive him early in the offseason simply to save some money, especially when stretching his salary would add nearly $10MM in new money to the club’s books in both 2024/25 and ’25/26.

Still, Jackson’s report suggests the stretch provision is an option the Heat aren’t ruling out, and it’s worth noting there’s no rush to make a decision immediately — Lowry’s contract could be stretched anytime before September 1.

Victor Oladipo, who will likely exercise his $9.45MM player option this week, is another potential waive-and-stretch candidate for the Heat, Jackson notes.

Pistons Picking Up Option On Eugene Omoruyi

June 28th, 2023 at 4:17pm CST by Arthur Hill

The Pistons have exercised their $1.9MM option on Eugene Omoruyi, sources tell James L. Edwards of The Athletic. (Twitter link).

The 26-year-old small forward joined the team in early March on a pair of 10-day deals and earned a contract that extends through 2023/24.

Although the Pistons have reportedly picked up his option, it’s believed that Omoruyi’s salary for next season won’t immediately become fully guaranteed.

Omoruyi impressed team officials with the effort he shows when he’s on the court, Edwards adds. In 17 games with Detroit, he averaged 9.7 points, 3.5 rebounds and 1.0 assists in 21.9 minutes per night.

NBA, NBPA Sign, Publish New Collective Bargaining Agreement

June 28th, 2023 at 3:31pm CST by Luke Adams

Just 48 hours before the start of 2023 free agency, the NBA and National Basketball Players Assocation announced today that they’ve signed and published the league’s new Collective Bargaining Agreement, which will go into effect starting this weekend for the 2023/24 league year (Twitter link).

The new CBA will run through the 2029/30 season, though both sides will have an opt-out deadline of October 15, 2028. If either side opts out, the agreement will terminate on June 30, 2029.

The full CBA can be found right here. It’s a 676-page document, representing a major expansion on the 2017 Collective Bargaining Agreement, which covered 598 pages.

For those who are interested in the league’s CBA changes but not eager to wade through 676 pages of legalese, the NBA and NBPA have also published a nine-page summary of the highlights.

We’d been keeping tabs on several of the most notable CBA changes in our own tracker in recent months as they were reported, but will defer to the official documents from here on out.

Bulls Sign Nikola Vucevic To Three-Year Extension

June 28th, 2023 at 3:12pm CST by Luke Adams

3:12pm: The Bulls have issued a press release officially announcing Vucevic’s extension.

“During his time in Chicago, Nikola has proven that he is a special player both on and off the court,” executive VP of basketball operations Arturas Karnisovas said in a statement. “He has produced at an elite level since we acquired him and will remain an integral part of our foundation moving forward. Nikola’s willingness to do whatever is asked of him to help us win, while also being an established veteran leader for our group, makes him a valuable component of the culture of our organization. He is a consummate professional and tremendous teammate, which plays a big role in making us an attractive destination for other players. We are excited to have him continue to be part of our journey.”

2:42pm: The Bulls and Nikola Vucevic are nearing an agreement on a three-year, $60MM contract extension that would keep the veteran center off the free agent market, reports Shams Charania of The Athletic (Twitter link).

Vucevic, 32, was acquired by the Bulls at the 2021 trade deadline in a deal with Orlando. Since arriving in Chicago, he has averaged 18.2 points, 11.1 rebounds, and 3.3 assists per game with a .492/.342/.812 shooting line in 181 total regular season appearances (33.2 MPG).

Vucevic isn’t an elite defender, but he’s a talented scorer and rebounder who has been remarkably consistent during his first two full seasons with the Bulls — he averaged 17.6 PPG, 11.0 RPG, and 3.2 APG in both 2021/22 and ’22/23.

Like fellow big man Naz Reid, Vucevic had been extension-eligible this season, so he didn’t have to wait to reach the open market this weekend if his goal was to re-up with his current team.

The Bulls were considered a good bet to reach a new deal with Vucevic before or during free agency for multiple reasons. For one, their guaranteed contracts and the cap holds for restricted free agents Coby White and Ayo Dosunmu would almost certainly make them an over-the-cap team with or without Vucevic on the books, so they wouldn’t have had a clear path to replace him at the same salary slot if they’d let him walk.

There has also been a sense, as Jake Fischer of Yahoo Sports wrote today, that Chicago didn’t love the idea of letting Vucevic go after paying such a steep price to acquire him from the Magic two years ago. That trade netted Orlando a pair of lottery picks – Franz Wagner and Jett Howard – in addition to young center Wendell Carter.

Assuming they officially finalize an extension with Vucevic by the June 30 deadline, the Bulls can shift their focus to free agency, where they’re expected to re-sign guards White and Dosunmu, according to Fischer. A new deal for unrestricted free agent Patrick Beverley is also a possibility, Fischer adds.

The Bulls project to be about $27MM below the luxury tax line after signing Vucevic, tweets ESPN’s Bobby Marks, though that estimate could vary depending on the exact structure of Vucevic’s extension, as well as Andre Drummond‘s player option decision. Once he officially signs, Vucevic will become ineligible to be traded for six months.

Meanwhile, an already-thin group of free agent centers will take another hit with both Vucevic and Reid off the market. Jakob Poeltl and Brook Lopez are the headliners at the position, with veterans like Mason Plumlee and Dwight Powell among the solid second-tier targets for teams in need of size. However, there aren’t a lot of reliable veterans available beyond those top few guys.

Blazers Issue Qualifying Offer To Matisse Thybulle

June 28th, 2023 at 2:39pm CST by Luke Adams

2:39pm: The Blazers aren’t expected to tender a qualifying offer to Reddish, sources tell Michael Scotto of HoopsHype (Twitter link).

2:12pm: The Trail Blazers have issued a qualifying offer to Matisse Thybulle, making him a restricted free agent, the team announced today in a press release.

Thybulle’s qualifying offer is a one-year, $6,275,862 contract offer that he has the option of accepting. If he wants to negotiate a more lucrative and/or multiyear deal, Portland will control the process as long as that QO remains on the table. Thybulle could sign an offer sheet with another team, but the Blazers would have the right of first refusal, giving them the ability to match it.

Thybulle opened last season by averaging a career-low 12.1 minutes and 2.7 points per game in 49 appearances for the Sixers. As talented a perimeter defender as he is, the 26-year-old didn’t appear to be a lock to receive a qualifying offer at that point due to his offensive shortcomings.

However, Thybulle finished the season strong after a February trade sent him to Portland. In 22 games (all starts) as a Blazer, he bumped his scoring average to a career-best 7.4 PPG and grabbed 3.4 RPG while making 38.8% of his three-pointers. A two-time All-Defensive player during his first four NBA seasons, Thybulle could be a valuable rotation player if he can continue to develop his offensive game.

Notably, today’s Portland press release doesn’t include any mention of Cam Reddish, another Blazers player who is eligible for restricted free agency. The team has until Thursday to issue a qualifying offer to Reddish, but clubs typically announce their QOs at the same time. If Reddish doesn’t get a $7.7MM QO from the Blazers, he’ll become an unrestricted free agent.

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