2023 July | Hoops Rumors

Heat Notes: Dragic, Lillard, Vincent, Smith

July 14th, 2023 at 7:47pm CST by Rory Maher

In an interview with local media in Slovenia, free agent point guard Goran Dragic revealed he had knee surgery during the 2022/23 season, which is why he was released by the Bulls and only played seven games after he signed with the Bucks, per Špela Lenart of Siol.net. Dragic previously said he was dealing with left knee soreness.

“I played really well until the middle of the season, then I had problems with a knee injury, so after that, it was kind of all agreed that they would bring Patrick Beverley to Chicago, and I went to Milwaukee. Then I also underwent knee surgery, which until now no one knew,” Dragic said (hat tip to BasketNews.com).

The 37-year-old said he’d like to return to the Heat if he’s able to, writes Lenart.

“The main desire is to return to Miami,” Dragic said. “Now everyone is waiting for Damian Lillard to decide where he will go next, so everyone is off to a slow start. When this is known, the movement for the other players will open as well.

“We are in talks with a few clubs, but much more will be known in a few days when the news will be released. You will see.”

However, there’s “nothing imminent” on a deal between the Heat and Dragic, a source tells Barry Jackson of The Miami Herald (via Twitter). If a deal were to happen, it would likely be closer to training camp, according to Jackson.

“The Dragon” played seven seasons with Miami from 2014-21, making his lone All-Star appearance in ’17/18. He played 58 total games last season, averaging 6.3 points and 2.6 assists on .421/.359/.689 shooting.

Here’s more out of Miami:

As of mid-week, apparently the Trail Blazers had been “unmotivated” to seriously engage with the Heat on a potential Lillard trade, according to Jackson of The Miami Herald (Twitter link). Jackson’s reporting isn’t very surprising. Blazers GM Joe Cronin recently said a deal could take “months,” while other reports have stated there hasn’t been much progress in talks.
Appearing on JJ Redick‘s The Old Man and the Three podcast, Gabe Vincent discussed his decision to join the Lakers and leave Miami, as Anthony Chiang of The Miami Herald writes. “It was very difficult,” Vincent said of leaving the Heat. “The relationships that I have with those guys are, to me, lifelong. Even the guys that I played with, to the staff, to the front office. I got to know all of them very well and closely. So it wasn’t an easy decision.” Financial constraints were the obstacle, with Vincent later telling Chiang he’d miss his teammates and will always look back fondly on his time with the organization.
Dru Smith is back with the Heat, on his fourth two-way deal in under two years, after finishing last season with the Nets on a two-way contract. He spoke this week about why he keeps ending up in Miami, according to Ira Winderman of The South Florida Sun Sentinel (subscription required). “I think it’s because I’m a good fit,” Smith said. “I think just the way the Heat like to play, the style of basketball they like to play, I think it fits my game well. I think I’m lucky to be here. I’m thankful to have this opportunity again.”

Pacers GM Buchanan Talks Brown, Goals For Next Season, More

July 14th, 2023 at 5:27pm CST by Rory Maher

Entering the offseason, the Pacers knew they’d have to take a “unique” angle in order to sign their top free agent target, swingman Bruce Brown, as general manager Chad Buchanan recently explained to Mike Vorkunov of The Athletic.

“What other teams are willing to pay him? And what we were willing to pay him is a big, significant gap,” Buchanan told The Athletic. “We knew that maybe it’s a little more than the market would say, but it was the way we as an organization and as a team have to approach free agency sometimes. We got to be a little creative. We got to maybe go deeper with a pay to get a guy, but it was the guy we wanted.

“We wanted to do what it took to get him, and working with his agents, right at the strike of free agency and talking about ‘OK, where were the other teams at? Where would we need to come in to get Bruce to turn down some of these other options from other more established teams than us?’ We’re a young team, and for Bruce to come in and leave a championship team and some other teams (that) are after him to come to play for a young team, we realize it was gonna probably take a unique way to approach luring him to us.”

Brown almost certainly took less total money to sign with the Pacers, inking a two-year, $45MM contract. However, a short-term deal allows him to hit the open market sooner, which could be a plus. And as Buchanan alluded to, Indiana was willing to give him more money in 2023/24 than rival clubs, and his contract includes a team option in year two, giving both sides flexibility — the Pacers could free up cap space next summer if things don’t work out.

The 26-year-old’s strong defense, willingness to “do the dirty work,” and overall versatility appealed to Indiana, according to Buchanan. The team knows it needs to improve defensively to reach its goal of a postseason berth next season.

“If we can become a top-20 defense, I think we would make a pretty good jump, have a chance to make a good jump. And competing for a playoff spot, I think we’d love to be in that position this year,” Buchanan said as part of a larger quote. “If it’s a play-in, playoff, wherever it is.”

Indiana has been linked to Raptors forward Pascal Siakam, a two-time All-NBA member, a couple times over the past week. However, when Vorkunov asked Buchanan if the Pacers were finished were their offseason moves, he replied that while they’re always looking to improve the roster, they’re not yet ready to push their chips in the middle in a major win-now move.

“I don’t think a team’s done until you’re done,” Buchanan said. “We’ll always try to be opportunistic when we can on anything. But I don’t think we’re like aggressively pursuing anything right now. … Obviously, some big names out there … could get moved still this offseason, and if that filters down and impacts other teams, if it impacts us, we’ll consider it. But, if it doesn’t, we’re also happy with this group now.

“We’re not going to rush things to try to jump and go all in right now. I don’t think that’s where we’re at. We don’t have that. We’re not one player away from being a championship-caliber team. I think we realize it takes time and it takes guys developing and growing.”

Contract Details: Exum, Vezenkov, Stevens

July 14th, 2023 at 4:02pm CST by Luke Adams

Dante Exum‘s new deal with the Mavericks was initially reported to be a one-year, minimum-salary agreement, but the terms were adjusted between July 1 – when the two sides struck a deal – and today, when it was made official.

According to Tim MacMahon of ESPN (Twitter link), Exum ended up signing a two-year, $6.15MM contract that is non-guaranteed for the second season. It will be worth $3MM in 2023/24 and $3.15MM in ’24/25, with this year’s salary coming out of the Mavericks’ mid-level exception.

Giving Exum a portion of the MLE wouldn’t have been possible if the Mavericks’ offer sheet for Matisse Thybulle had been successful, since Thybulle would have received $10.5MM of the $12.4MM mid-level. Once Portland matched Dallas’ offer for Thybulle, the Mavs’ MLE fully freed up, allowing the team to renegotiate its deal with Exum.

It wouldn’t be surprising if the Mavs also use a chunk of the mid-level to complete their reported agreement with Seth Curry, who was initially expected to be signed using the bi-annual exception. Signing Curry with the MLE would preserve the BAE for 2024/25.

Here are a couple more contract-related notes from around the NBA:

Sasha Vezenkov‘s three-year contract with the Kings comes in just below $20MM, Hoops Rumors has learned — its exact value is $19,975,609, including a $6,341,464 starting salary in 2023/24. As Michael Scotto of HoopsHype tweets, the first two years of Vezenkov’s deal are guaranteed, while the third is a team option (worth $6,975,609).
As part of the trade that sent him from Cleveland to the Spurs, Lamar Stevens had his minimum salary partially guaranteed for $400K, tweets Yossi Gozlan of HoopsHype. Stevens also had his salary guarantee deadline moved up from January 7 to July 17, so San Antonio will have to decide in the coming days whether or not to fully guarantee the forward’s 2023/24 cap hit.
In case you missed it, we passed along contract details on a few other recently reported deals on Thursday.

Eastern Notes: J. Brown, Raptors, J. Howard, Sixers

July 14th, 2023 at 2:55pm CST by Luke Adams

The Celtics and Jaylen Brown are expected to temporarily pause their negotiations on a super-max extension for the All-NBA swingman, reports Adam Himmelsbach of The Boston Globe.

As Himmelsbach explains, the stoppage in negotiations will come as a result of logistics, not any tension or animosity between the two sides. Brown, who is a vice president of the players’ union, is traveling overseas for an NBPA event.

Although it’s unclear when exactly the two sides will resume their talks, it now appears unlikely that a new deal for Brown will be in place before the Las Vegas Summer League ends. Still, as Himmelsbach writes, Brown and the Celtics have until October to finalize a super-max extension and there’s no indication that there have been any setbacks.

Here’s more from around the Eastern Conference:

Michael Pina of The Ringer makes the case that the Raptors should go all-in for Damian Lillard by acquiring the star point for a package centered around 2022 Rookie of the Year Scottie Barnes. Pina argues that such a move would provide clarity of direction for a team that appears to be stuck in the middle, giving the Raptors a Fred VanVleet replacement at point guard and allowing them to focus on extending – rather than potentially trading – veteran forwards Pascal Siakam and OG Anunoby.
In a conversation with Marc J. Spears of Andscape, new Magic guard Jett Howard – the No. 11 pick in last month’s draft – said he likely would have stayed in college for another year if he hadn’t gotten the blessing of his father (Juwan Howard) to go pro. “If my dad told me to come back another year, I probably would’ve,” Jett said. “It being my dream is the reason I came out. This has always been my main dream. But you actually have to be honest with yourself and ask people if you’re ready. My dad said I’m ready now.”
Kyle Neubeck of PhillyVoice.com surveys the free agent market to see whether any of the available veterans would make sense as targets for the Sixers, considering players like Christian Wood, Jaylen Nowell, and Kelly Oubre. Neubeck isn’t convinced that anyone on the free agent market would be a great addition for Philadelphia, but acknowledges that some could become better fits depending on whether James Harden‘s trade request ultimately shakes up the roster.

Dante Exum Signs With Mavericks

July 14th, 2023 at 2:14pm CST by Rory Maher

JULY 14: Exum has officially signed with the Mavericks, the team announced today (via Twitter).

JULY 1: Free agent guard Dante Exum is signing a guaranteed contract with the Mavericks, reports ESPN’s Adrian Wojnarowski (Twitter link). According to veteran NBA reporter Marc Stein (via Twitter), Exum will be receiving a one-year deal for the veteran’s minimum.

As Tim MacMahon of ESPN tweets, former Jazz GM and current Mavs front office adviser Dennis Lindsey drafted Exum No. 5 overall back in 2014.

Exum, who turns 28 in a couple weeks, battled major injuries during his NBA career and was limited to just 245 regular season appearances across seven years (2014-21) in Utah and Cleveland. He spent the past two seasons playing internationally after being cut by the Rockets in October 2021.

Known as a strong defensive player, Exum helped Australia win a bronze medal in the 2020 Tokyo Olympics, which actually took place in 2021 due to the pandemic. He struggled with his shot throughout his NBA career, posting a .407/.305/.764 slash line, but that has changed in Europe.

In 18 EuroLeague games with Spanish club Barcelona in 2021/22, Exum averaged 6.8 PPG and 2.6 RPG on .500/.526/.837 shooting in 17.8 MPG. He had a larger role this past season with Serbian squad Partizan, averaging 13.3 PPG, 2.8 APG and 2.4 RPG on .544/.424/.859 shooting in 33 EuroLeague contests (22.9 MPG).

Exum reportedly sustained a ruptured tendon in his toe in late April during the EuroLeague playoffs after being slammed to the court by ex-NBA player Guerschon Yabusele, who plays for Real Madrid. Yabusele received a five-game suspension. Partizan was up 2-0 in the best-of-five series, but wound up losing the next three games without Exum. Madrid went on to narrowly win the championship.

Presumably Exum has recovered by now. If he maintains his shooting turnaround, his defensive versatility could be a nice fit for Dallas if he can stay healthy.

Hornets Sign Amari Bailey To Two-Way Contract

July 14th, 2023 at 1:34pm CST by Luke Adams

The Hornets have officially signed second-round pick Amari Bailey to a two-way contract, the team announced today in a press release.

A one-and-done college player, Bailey spent his lone NCAA season at UCLA, averaging 11.2 points, 3.8 rebounds, and 2.2 assists in 26.9 minutes per game (30 contests) before declaring for the NBA draft as an early entrant.

The 6’5″ shooting guard was the 41st overall pick last month, drafted by the Hornets with a pick they acquired from Oklahoma City. Of the eight players selected in the 2023 draft who have officially signed two-way deals in the last two weeks, none were picked higher than Bailey.

[RELATED: 2023 NBA Draft Pick Signings]

Bailey’s two-way contract will pay him just shy of $560K (half of the rookie minimum) and will allow him to be active for up to 50 regular season games as a rookie. The 19-year-old will likely see plenty of action with the Greensboro Swarm, Charlotte’s G League affiliate.

The Hornets now have 14 players on standard contracts and a pair on two-way deals, with Leaky Black also expected to join the team on a two-way pact.

However, there will likely be more roster shuffling to come, given that P.J. Washington and Theo Maledon are still restricted free agents, No. 31 pick James Nnaji remains unsigned, and JT Thor and Kobi Simmons are on non-guaranteed contracts.

How Teams Are Using 2023/24 Bi-Annual Exceptions

July 14th, 2023 at 1:11pm CST by Luke Adams

The bi-annual exception is one of the tools available to NBA teams who are over the cap, giving those clubs the flexibility to offer free agents more than the minimum salary. In 2023/24, the bi-annual exception is worth $4,516,000 and can be used to offer a deal worth up to $9,257,800 over two years.

However, the bi-annual exception isn’t available to every team. Clubs that go below the cap in order to use cap room lose access to the exception. Additionally, using the BAE imposes a hard cap of $172,346,000 (the first tax apron) on a team. So if a club has surpassed the tax apron – or wants to retain the flexibility to do so – it can’t use the bi-annual exception.

Finally, as its name suggests, the bi-annual exception can’t be used by a team in consecutive years. In 2022/23, two teams used the BAE — the Sixers (Danuel House) and Heat (Kevin Love). As such, the exception isn’t available to those clubs during the 2023/24 league year. They’ll be able to use it again next summer.

With all those factors in mind, here’s a breakdown of how teams are using – or not using – their respective bi-annual exceptions in 2023/24:

Available Bi-Annual Exceptions:

Unused:

Atlanta Hawks
Brooklyn Nets
Charlotte Hornets
Chicago Bulls
Dallas Mavericks
Memphis Grizzlies
Minnesota Timberwolves
New Orleans Pelicans
New York Knicks
Portland Trail Blazers
Washington Wizards

Although all of these teams technically have the ability to use their bi-annual exceptions at some point in 2023/24, it’s more plausible for some than others.

For instance, the Timberwolves still have their full $12MM+ mid-level exception available and are aren’t far from the luxury tax line, so I wouldn’t expect them to use the BAE this season. If they need to offer more than the veteran’s minimum to sign a player, it will likely come out of their MLE.

Used:

Cleveland Cavaliers
- Used: $2,439,025 (Ty Jerome)
- Available: $2,076,975
Los Angeles Lakers
- Used: $4,516,000 (Taurean Prince)
- Available: $0
Toronto Raptors
- Used: $4,516,000 (Jalen McDaniels)
- Available: $0

Typically, about two to four teams in a given league year use the bi-annual exception, and this season has yet to buck that trend.

The Lakers and Raptors are the only two teams to use their entire bi-annual exceptions to date, so they won’t have it available in 2024/25. Neither will the Cavaliers, even though they’ve only used a little over half of the BAE so far this season.

Unavailable Bi-Annual Exceptions:

Went under cap:

Detroit Pistons
Houston Rockets
Indiana Pacers
Oklahoma City Thunder
Orlando Magic
Sacramento Kings
San Antonio Spurs
Utah Jazz

These eight teams forfeited their right to the bi-annual exception when they went under the cap and used space this offseason.

Over (or near) tax apron:

Boston Celtics
Denver Nuggets
Golden State Warriors
Los Angeles Clippers
Milwaukee Bucks
Phoenix Suns

In theory, cost-cutting moves by these teams could put them in position to use their bi-annual exceptions. In actuality though, that’s a long shot, especially for clubs like the Clippers, Warriors, and Suns, whose team salaries are well beyond the second tax apron.

Used last year:

Miami Heat
Philadelphia 76ers

As noted in the intro, these are the two teams that used their bi-annual exceptions in 2022/23 and, as a result, won’t have them again until 2024/25.

Categories:
Hoops Rumors Originals

And-Ones: Waiters, Wade, Hernangomez, C. Brown

July 14th, 2023 at 12:24pm CST by Luke Adams

Speaking to Chris Haynes of Bleacher Report after a workout for teams in Las Vegas this week, veteran guard Dion Waiters openly discussed the reasons he has been out of the NBA for the last three seasons and what he feels he needs to do to earn another shot. According to Waiters, he took his time in the NBA for granted, so his exit from the league has been a learning experience that he has been able to pass along to his son.

“I told him, ‘Bro, your dad is not [out of] the league because of talent. It was my attitude, my character, and not understanding that it’s bigger than me,'” Waiters said. “I feel like I had to go through this so I could explain that to my son, and that’s the dead truth.”

A former fourth overall pick, Waiters has appeared in 419 regular season games, but hasn’t played in the NBA since 2020. Still just 31, the former Syracuse standout tells Haynes that he feels like he still has “a lot left in the tank” and that he believes he can be a positive leader in the locker room in addition to helping a team on the court.

“I’m healthy. I just want that opportunity just to show I’m not who I once was. And I know a lot of people talk about that, but for me, I think it’s more about showing that I’ve changed,” Waiters said. “That’s why I’m here, man. I still got that love. I still got that itch.”

Here are a few more odds and ends from around the basketball world:

Dwyane Wade, a 13-time NBA All-Star who will be inducted into the Hall of Fame in August, has invested in the WNBA’s Chicago Sky and will become part of the team’s ownership group, writes Alexa Philippou of ESPN.com. “It’s a great opportunity to be a part of the league in its very early stages,” Wade said. “… Growth is going to happen, and so I want to be a part of the growth of this league.”
While there have been rumblings that Juancho Hernangomez may join brother Willy Hernangomez in signing with FC Barcelona, Juancho said in a conversation with Spanish outlet Marca that “speculation is just speculation” and stressed that he remains focused on finding another NBA job, as Alessandro Maggi of Sportando relays.
Free agent guard Charlie Brown Jr. has been a standout for the Knicks at the Las Vegas Summer League, averaging 17.3 PPG and 6.0 RPG in three games (28.4 MPG). Zach Braziller of The New York Post takes a closer look at the play of Brown, who is hoping that his performance in Vegas will inspire a team to sign him for training camp.
In an entertaining article for The Athletic, John Hollinger discusses the eight “nerdiest” things that happened in free agency, digging into the details of the Rockets’ sign-and-trade for Dillon Brooks, Paul Reed‘s offer sheet, and Oklahoma City becoming a dumping ground for unwanted contracts, among other moves.

Fischer’s Latest: Washington, Stewart, Hornets, Herro

July 14th, 2023 at 10:51am CST by Luke Adams

After Miles Bridges put himself on track for unrestricted free agency in 2024 by accepting his qualifying offer as a restricted free agent last week, the Hornets will probably want to avoid putting P.J. Washington on a similar path, writes Jake Fischer of Yahoo Sports. However, it remains to be seen whether the Hornets and Washington will be able to find common ground on a multiyear deal.

According to Fischer, coming into Summer League, league personnel believed that Washington and the Hornets remained far apart in their discussions on a four-year contract, though there was some optimism they’d come to terms after Summer League.

Marc Stein has reported that Washington is seeking $18MM+ annually, while Fischer previously suggested that the Charlotte forward may be looking for $20MM per year. In his latest article, Fischer says Washington still hasn’t received an offer from the Hornets that matches or exceeds what Isaiah Stewart got on his new extension with Detroit ($15MM in guaranteed money per year; up to $16MM annually with incentives).

Because teams around the NBA are essentially limited to mid-level money at this point, a sign-and-trade would be necessary to get Washington his desired salary from a non-Hornets team. While it’s not clear whether there’s a club out there with serious interest in such a scenario, Fischer says Charlotte would probably prefer a sign-and-trade over Washington accepting his qualifying offer.

Here’s more from Fischer:

Before he signed his extension, Stewart had generated more trade inquiries in 2023 than any player on the Pistons‘ roster besides Cade Cunningham, sources tell Fischer. The fact that the big man signed a rookie scale extension so early in the offseason indicates that he’s not going anywhere anytime soon.
With the Hornets undergoing an ownership change, there’s a sense in league circles that president of basketball operations Mitch Kupchak and head coach Steve Clifford could be on the hot seat in 2023/24, Fischer writes. Even if the Hornets’ new owners aren’t eager to make an immediate change, Kupchak and Clifford are each entering the final guaranteed year of their respective contracts, Fischer notes, so next offseason might be a logical time to shake things up anyway.
According to Fischer, league personnel are optimistic that if Tyler Herro is included in a Damian Lillard trade with the Heat, the Trail Blazers will be able to flip Herro to a third team for at least a first-round pick.
In case you missed it, we passed along several notes and rumors from Fischer on Wednesday.

Pacific Notes: Vincent, Gordon, Vezenkov, Jackson-Davis

July 14th, 2023 at 9:28am CST by Luke Adams

Discussing his move from Miami to Los Angeles, Gabe Vincent said that he was “honored (the Lakers) reached out to me” when he became a free agent, as Khobi Price of The Southern California News Group (subscription required) writes.

After earning the minimum salary during his first four seasons in the NBA, Vincent received a considerable raise as a free agent this summer and will make $11MM annually on his new three-year deal with the Lakers. Despite the substantial pay bump, the 27-year-old is ready to accept whatever role the team he wants him to play, big or small.

“I’m just here to add on,” Vincent said. “They have a great core, a great situation, and hopefully I can just add to it and help us bring home a championship.”

Here’s more from around the Pacific:

After falling short of an NBA title during his time in Houston, Suns guard Eric Gordon is bullish about his chances of contending for a championship with his new team, per Duane Rankin of The Arizona Republic. Gordon took a significant pay cut, agreeing to a minimum-salary deal with Phoenix. “I’m older in my career so I’ve played for a long time and money is not always such an issue,” Gordon said. “Of course, I want a lot more, don’t get me wrong. But at the end of the day, I want to do well here every year that I’m here and we’ll just see what happens down the line, but that’s why I want to come here, win a championship.”
Although Sasha Vezenkov has officially signed his contract with the Kings, who submitted it to the NBA’s league office, the forward is still awaiting a letter of clearance from FIBA in order for that contract to become legally binding, a source tells Jason Anderson of The Sacramento Bee. That’s expected to happen soon, at which point the Kings will officially announce the signing.
After missing the Warriors‘ first three Las Vegas Summer League games due to a right hamstring injury, second-round pick Trayce Jackson-Davis made his debut on Thursday, scoring 14 points and grabbing seven rebounds in 20 minutes. C.J. Holmes of The San Francisco Chronicle takes a look at what Golden State is getting in Jackson-Davis, a mature 23-year-old rookie who may nonetheless find minutes hard to come by in his first NBA season.

Month: November 2024

Available Bi-Annual Exceptions:

Unavailable Bi-Annual Exceptions: