Brooklyn Nets Rumors | Hoops Rumors

Nets Decline Kessler Edwards’ Option, Issue QO

June 29th, 2022 at 1:31pm CST by Luke Adams

The Nets won’t exercise their team option on Kessler Edwards for 2022/23, worth $1,563,518, tweets Keith Smith of Spotrac. However, Brooklyn has issued a qualifying offer worth a projected $1.84MM, making Edwards a restricted free agent, Smith adds.

The 44th overall pick in the 2021 draft, Edwards showed some promise as a rookie this past season, averaging 5.9 points and 3.6 rebounds per game in 48 appearances (20.6 MPG). He posted a .412/.353/.842 shooting line and even made 23 starts when the team’s depth was impacted by injuries and COVID-19.

It may seem unusual for the Nets to turn down Edwards’ option in order to tender him a more expensive qualifying offer, but doing so will give the team the opportunity to sign him to a contract that extends beyond 2022/23.

The Pelicans took this approach with Didi Louzada a year ago, declining his second-year option, issuing him a qualifying offer, then re-signing him to a four-year contract worth a little more than the minimum.

Brooklyn didn’t have the ability to offer Edwards more than a two-year contract last offseason because the team was over the cap and used its full mid-level exception on Patty Mills. Now, the Nets have Edwards’ Non-Bird rights, allowing them to go up to four years on a new deal. They’d also be able to match any offer the former Pepperdine standout signs with another team.

Edwards joins Nic Claxton and David Duke as Brooklyn’s restricted free agents.

Latest On Kyrie Irving

June 29th, 2022 at 1:30pm CST by Arthur Hill

It will take a cultural “reset” for Kyrie Irving to succeed with the Nets, ESPN’s Adrian Wojanrowski said in an appearance on “Get Up” Wednesday morning (video link).

Irving has opted in to his $36.9MM salary for next season, ending speculation that he might consider free agency, but his decision doesn’t seem to have settled anything in Brooklyn. Wojnarowski stated that rival teams will continue to monitor the Nets’ situation to see if they will consider trading Irving, either during the summer or once the season starts.

Woj also said the organization needs Irving and Kevin Durant to become team leaders heading into free agency and to help develop a plan for next season. Brooklyn has important decisions to make on a number of free agents, most notably Nic Claxton and possibly Patty Mills.

Appearing on the same show, ESPN’s Brian Windhorst revealed that Nets owner Joe Tsai and general manager Sean Marks won’t accept a continuation of the atmosphere that surrounded the team this season. He adds that the permissive approach the Nets have taken with Irving over the past three years factored into extension talks.

“It wasn’t just about how Kyrie treated the vaccine mandate, it was about how he treated his teammates and how Kyrie Irving treated his coaches,” Windhorst said. “So part of this renegotiation wasn’t just gonna be about a contract extension. It was gonna be about a renegotiation of the way the team operated. And, by the way, this wasn’t a Kyrie Irving issue. The team gave Irving all of this leverage as the way they operated over the past three years.”

Windhorst noted that there’s an urgency that goes beyond Irving’s message of “see you in the fall” when he announced his opt-in decision. He stressed that Irving needs to engage with management now and prove that he’s able to move beyond the “status quo” that resulted in a first-round playoff sweep.

There’s more on the Irving situation:

In a separate clip, ESPN’s Tim Bontemps called Irving’s extension negotiations an “acrimonious process” and debated with Windhorst about whether a deal with the Lakers involving Russell Westbrook and draft compensation could eventually become an option.
The Lakers were considered the leaders in the effort to work out a sign-and-trade for Irving, but the Mavericks, Heat and Sixers investigated their options as well, Shams Charania of The Athletic said in an appearance on The Pat McAfee Show (hat tip to Clutch Points).
Irving posted a video Tuesday with his first comments since deciding to opt in, relays Brian Lewis of The New York Post. “This is a great moment in my spiritual path, being present enough to understand that it’s not me doing all this. At this point I’m being pushed in certain directions,” Irving said, adding, “You can’t be afraid to make mistakes, in private or out in the open. The mistakes that you do make, you’ve got to learn from them.”

Eastern Free Agent Rumors: Sexton, Bagley, Claxton, Hartenstein, Bridges

June 29th, 2022 at 11:48am CST by Arthur Hill

The Cavaliers are trying to re-sign Collin Sexton, but their first offer was short of what he’s hoping for, according to Jake Fischer of Bleacher Report.

The free agent guard wants a new deal that averages about $20MM per year, sources tell Fischer, but Cleveland’s early offer in extension talks was below that number. Fischer says it was similar to Jordan Clarkson‘s “three-year, $51MM” deal, but Clarkson’s contract is actually worth $52MM over four years, so it’s unclear which of those figures was closer to Cleveland’s initial offer.

Sexton missed most of last season with a torn meniscus in his left knee. He was recently cleared for full basketball activities and should be ready for training camp.

There’s more on Eastern Conference free agents, all from Fischer:

Marvin Bagley III, who was acquired at the trade deadline, is expected to re-sign with the Pistons for more than $10MM per year. Fischer compares the expected deal to what the Hornets gave Kelly Oubre, which was two seasons at $24.6MM with a partial guarantee on the second year.
Fischer confirms a report that Nic Claxton will likely remain with the Nets, probably for an amount in the neighborhood of the full MLE.
The Bulls and Magic could be among the suitors for center Isaiah Hartenstein now that the Clippers are expected to give their full taxpayer MLE to John Wall. Chicago has been linked to several centers, but Fischer hears that the team would prefer not to use its entire non-taxpayer MLE of $10.1MM, so Hartenstein may be a lower-cost option. Rumors have emerged that Orlando may have interest in Hartenstein, but Fischer adds that he could also decide to remain in L.A. on a cheaper deal and hope to cash in later.
The Pacers are considering an offer for Hornets forward Miles Bridges, but Fischer says it’s not clear if Indiana is ready to hand out such a large contract. Fischer adds that the Grizzlies have been considered a “sleeper candidate” due to the presence of Jaren Jackson Jr., his former college teammate, but sources tell Fischer that Memphis isn’t expected to pursue Bridges.

Trade Rumors: Spurs, Hawks, Murray, Collins, Thybulle, Thunder

June 29th, 2022 at 9:05am CST by Luke Adams

The Spurs and Hawks began talking about Dejounte Murray and John Collins prior to the trade deadline in February and have resumed those discussions this offseason, according to Jake Fischer of Bleacher Report, who says the conversations remain very fluid.

As Fischer explains, while Collins appeared to be part of those trade talks leading up to the draft, word spread earlier this week that the two teams were discussing a new framework that included Danilo Gallinari and three first-round picks going to San Antonio. However, one league source told Fischer that Collins was once again on the table on Tuesday. Fischer has also heard from sources that the Spurs’ asking price for Murray has gotten as high as four first-rounders.

While multiple reports in recent weeks have indicated Collins will likely be on the move this offseason, it’s unclear which teams represents his most likely landing spots outside of San Antonio. Fischer writes that the Kings, Trail Blazers, Celtics, and Nets all conveyed “some level” of interest around the draft, but adds that it doesn’t appear the Hawks have made progress in talks with any of those teams.

Here are a few more trade rumors from around the NBA:

As the Sixers continue to explore the trade market for possible deals, the two teams that have been linked most often to swingman Matisse Thybulle are the Trail Blazers and Mavericks, according to Fischer.
The Thunder still technically have unused 2021/22 cap space that could be used to absorb unwanted salary and they remain interested in exploring scenarios that use that space and net them assets, sources tell Fischer. That window will close in less than 48 hours when the NBA’s new league year begins.
With Russell Westbrook officially under contract for the 2022/23 season, a trade remains possible and would be the Lakers‘ preference, writes Jovan Buha of The Athletic. However, the Lakers remain averse to attaching a first-round pick to Westbrook to move him, so they’re currently planning to have him start next season on their roster, sources tell Buha.

Knicks Strong Frontrunners For Brunson, Expected To Offer $110MM

June 28th, 2022 at 10:08pm CST by Luke Adams

10:08pm: The Knicks intend to offer Brunson a four-year contract worth approximately $110MM, Chris Haynes of Yahoo Sports tweets.

4:53pm: The Mavericks have believed for the last couple weeks that Brunson is headed to the Knicks, according to Tim Cato of The Athletic, who tweets that it’s viewed as a virtual “certainty” at this point.

4:01pm: It’s “widely anticipated” that free agent point guard Jalen Brunson will land with the Knicks in free agency on a four-year deal worth more than $100MM, reports Tim MacMahon of ESPN (Twitter link).

Marc Stein has heard similar rumblings, tweeting that there’s a “growing resignation” from the Mavericks‘ end that New York is Brunson’s first choice and his inevitable destination.

The Knicks project to have about $17MM in cap room if they waive Taj Gibson and his non-guaranteed salary, so they’d need to make at least one move to create the flexibility necessary to offer $25MM+ per year to Brunson. However, they could realistically get there by trading either Alec Burks or Nerlens Noel — both players have been involved in recent trade rumors, with Ian Begley of SNY.tv suggesting the Nets and Raptors are among the teams to register some interest in Noel.

Brunson and the Knicks have been linked to one another for months. As has been repeated ad nauseam, Knicks president of basketball operations Leon Rose is Brunson’s former agent, Rose’s son Sam Rose is Brunson’s current agent, and Brunson’s father Rick Brunson was recently hired as a Knicks assistant.

Still, the Mavericks had long projected confidence in their ability to re-sign Brunson. Although the point guard will be an unrestricted free agent, Dallas holds his Bird rights, giving the team the ability to offer him more money and more years than any other suitor. But the Mavs’ confidence appears to be waning with free agency right around the corner.

According to Chris Mannix of SI.com (Twitter link), part of the Knicks’ pitch to Brunson is the ability to be the full-time starting point guard. In Dallas, he’s more of a secondary option at the position, with Luka Doncic running the show.

The Knicks don’t view Brunson as a “potential franchise-altering savior,” per Begley, but rather as an important piece of the process. The 25-year-old is considered to be a good fit for the timeline of some of New York’s other young players, Begley adds.

The Mavs project to be far over the cap, limiting their ability to secure an adequate replacement for Brunson if he does head to New York. If Dallas knows Brunson is leaving, the team could attempt to work out a sign-and-trade agreement with the Knicks, but may not have much leverage to do so if New York has cap room available for a $100MM+ offer.

Atlantic Rumors: Tucker, Sixers, Knicks, Robinson, Nets

June 28th, 2022 at 4:56pm CST by Luke Adams

With free agency still two days away, rumors about P.J. Tucker landing in Philadelphia continue to percolate. After Marc Stein reported earlier in the week that multiple executives believe the Sixers will sign Tucker to a three-year, $30MM contract, Keith Pompey of The Philadelphia Inquirer conveys a similar sentiment today.

According to Pompey, three sources believe Tucker to the 76ers is a “done deal,” while a fourth source said he’d be shocked if the veteran forward doesn’t end up in Philadelphia. Sources tell Pompey that Tucker’s three-year deal with the Sixers, assuming it materializes, could be worth $27MM with incentives that increase the value to $30MM.

The Sixers still need to do some cap work in order to realistically make that kind of offer to Tucker. If James Harden turns down his $47MM+ player option and agrees to a lesser first-year salary on a new contract, the team could create the cap flexibility necessary to use its full mid-level exception on Tucker. But Harden is expected to opt in and then sign an extension, which means Philadelphia would have to shed some salary. Furkan Korkmaz ($5MM), Matisse Thybulle ($4.4MM), and Georges Niang ($3.5MM) are among the club’s potential trade candidates.

Here’s more from around the Atlantic:

The Knicks are considering converting Jericho Sims‘ two-way contract into a standard NBA deal, sources tell Ian Begley of SNY.tv. If that occurs, second-round pick Trevor Keels would likely receive a two-way pact. Both moves were considered likely as of Tuesday afternoon, Begley writes.
Within the same story, Begley says he expects the Knicks to give strong consideration to re-signing Taj Gibson if they waive him this week as part of their cap-clearing efforts.
The four-year, $48MM contract Robert Williams signed with Boston last fall is viewed by rival executives as a fair comparable for Mitchell Robinson, according to Steve Popper of Newsday, who suggests the Knicks likely wouldn’t want to go much higher than that to retain Robinson this summer.
The Nets are expected to give David Duke a prominent role in summer league games next month and will give him an opportunity to compete for a roster spot in 2022/23, sources tell Chris Milholen of NetsDaily. Duke received a two-way qualifying offer from Brooklyn, as we relayed earlier today.

Kyrie Irving Came Close To Extension Agreement With Nets

June 28th, 2022 at 12:38pm CST by Arthur Hill

Kyrie Irving and the Nets were close to agreeing on a contract extension last week before negotiations stalled, sources tell Shams Charania of The Athletic. Without an extension and with limited prospects of an acceptable sign-and-trade deal, Irving will pick up his $36.9MM option for next season.

Before Irving reached the decision, his agent (and stepmother) Shetellia Riley Irving and Brooklyn’s front office had “productive extension discussions” over the past week, according to Charania. They considered multiple proposals, including a maximum extension that would have been limited to two years and would have provided incentives based on the number of games that Irving plays.

The sides also discussed a four-year max deal with two guaranteed seasons, along with triggers for years three and four based on Irving’s game totals for the first two seasons of the contract.

Irving was willing to accept a contract with incentives, Charania adds, but Brooklyn turned down his final offer, which was a short-term extension with protections for him and the team, along with a player option. Incentives based on how often Irving plays are important to the Nets because he has appeared in just 103 regular season games in his three seasons in Brooklyn.

According to Charania, three teams were had interest in Irving under an opt-in-and-trade scenario, but he decided not to pursue those opportunities. One of those teams may have been the Lakers, who were reportedly the only club on Irving’s wish list of six potential destinations that showed interest. However, Charania hears that L.A.’s preference was to sign Irving as a free agent rather than via trade.

Irving’s decision to opt in doesn’t guarantee that his future will be in Brooklyn, Charania adds. With unrestricted free agency looming in 2023, the Nets could explore deals for him this summer or once the season starts. Owner Joe Tsai and general manager Sean Marks will have to decide whether the current roster can contend for a title or if major changes will be needed.

Charania also suggests there are “matters of contention” among the Nets’ ownership, management, and stars that must be addressed as all parties move forward.

Several teams remain interested in acquiring Irving, according to Charania, but they may be inclined to wait until he reaches free agency rather than part with valuable assets in a trade. Sources tell Charania that Irving is now focused on winning a championship and rebuilding his reputation in hopes of earning a maximum contract from someone next summer.

Deandre Ayton, Marvin Bagley III Among Players Receiving QOs

June 28th, 2022 at 8:57am CST by Luke Adams

The Suns have issued a qualifying offer to center Deandre Ayton, making him a restricted free agent, reports Keith Smith of Spotrac (Twitter link). Ayton’s qualifying offer is worth $16,422,835.

Although there have been consistent whispers about the possibility of Ayton leaving Phoenix in free agency this summer, there was never any doubt that he’d receive a qualifying offer. That QO ensures that he doesn’t become an unrestricted free agent and gives the Suns the opportunity to match any offer sheet he signs with a rival team. Ayton also has the option of signing the one-year, $16.4MM deal if he wants to become an unrestricted free agent in 2023, though that’s considered very unlikely.

Here are a few more updates on qualifying offer decisions from around the NBA:

The Pistons have tendered a qualifying offer worth $7,228,448 to big man Marvin Bagley III, making him a restricted free agent, tweets Smith. Multiple reports in recent weeks and months have indicated that re-signing Bagley will be a priority for Detroit this offseason. His cap hold will exceed $28MM, but if the two sides agree to terms quickly once free agency opens, the Pistons will be able to maximize their cap room by reducing that $28MM cap hold to a first-year salary that will come in much lower.
The Nets have issued qualifying offers to center Nic Claxton and two-way guard David Duke, per Smith (Twitter link). Claxton’s QO is worth $2,228,276 while Duke’s is for another two-way contract. Both players are now restricted free agents.
The Nuggets have extended qualifying offers to forward Vlatko Cancar and two-way swingman Davon Reed, according to Smith (Twitter link). Like Claxton, Cancar has a $2,228,276 qualifying offer. Reed’s is for another two-way contract, though it’s possible he could generate interest from teams interested in giving him a standard roster spot.
Wizards forward Anthony Gill received a qualifying offer making him a restricted free agent, according to Smith (Twitter link). Gill’s QO projects to be worth $2,011,516, though that could increase or decrease slightly depending on where the salary cap for 2022/23 ends up.
The Warriors have made swingman Quinndary Weatherspoon a restricted free agent by giving him a two-way qualifying offer, reports Smith (Twitter link). Golden State reportedly agreed to a deal with Lester Quinones to fill the team’s other two-way slot.

New York Rumors: Knicks, Brunson, Burks, Nets, Claxton, Kyrie

June 28th, 2022 at 8:36am CST by Luke Adams

The Knicks have “legitimate optimism” about their chances of signing free agent point guard Jalen Brunson, Ian Begley of SNY.tv reports, citing people in touch with the organization since the draft.

Jake Fischer of Bleacher Report conveyed a similar sentiment during his latest podcast, suggesting that the Knicks may have moved ahead of the Mavericks as the favorites to lock up Brunson long-term this offseason (hat tip to HoopsHype).

As Begley observes, the Knicks still have some work to do if they want to create the cap room necessary to make Brunson a strong offer — trading either Alec Burks or Nerlens Noel may be the most likely path to opening up that space.

Burks underwent foot surgery this spring after the Knicks’ season ended, and while that procedure has reportedly hurt his trade value, Begley says there are still multiple teams with some interest in the veteran guard, including the Celtics.

Here’s more on the NBA’s two New York teams:

Fred Katz of The Athletic spoke to 16 officials in NBA front offices to get a sense of how much they’d be willing to offer RJ Barrett in extension talks this offseason if they were running the Knicks. According to Katz, the responses ranged from $15-30MM per year, with no one saying they would go up to the max. A four-year, $100MM offer was the most-cited suggestion, Katz adds.
In the latest episode of his Hoop Collective podcast, ESPN’s Brian Windhorst said that restricted free agent center Nic Claxton appears likely to remain with the Nets (audio link via Jac Manuell of Nets Republic). “The word is amongst executives, I’ve talked to a couple of executives today who believe that Nic Claxton will be back with the Nets, that that’s been worked out,” Windhorst said. “I shouldn’t say it’s been worked out. There’s an understanding.”
In the same podcast, Windhorst wondered whether or not the standoff between the Nets and Kyrie Irving has truly been put to bed after Irving announced he’ll pick up his player option for 2022/23. “I was told that the option pick-up came as a total surprise to the Nets, that they found out when everybody else did,” Windhorst said, per NetsDaily. “… The people that I talk to in the league are skeptical that Kyrie is going to be ‘all for one and one for all’ on this. … The people who are in the business to earn the business are telling me, ‘No, Kyrie actually has leverage here,’ because now he’s making the $36 million, he’s got his money and he can make life hell.”
In an Insider-only story for ESPN.com, Kevin Pelton considers what’s next for the Nets now that Irving has decided to opt in.

Kyrie Irving Opts In To Final Year Of Contract

June 27th, 2022 at 10:30pm CST by Dana Gauruder

10:30pm: Irving has officially opted in, according to RealGM’s transactions log.

5:50pm: Kyrie Irving has decided to opt in to his contract for 2022/23, Shams Charania of The Athletic tweets. By exercising the $36.9MM option, Irving is bypassing multiple opt-in-and-trade scenarios in order to fulfill his four-year commitment to the Nets and Kevin Durant, according to Charania (Twitter links).

Irving is entering the final year of his four-year, $136.5MM deal.

“Normal people keep the world going, but those who dare to be different lead us into tomorrow,” Irving said in a statement. “I’ve made my decision to opt in. See you in the fall. A11even.”

By exercising his option, Irving is now both extension- and trade-eligible, though it doesn’t sounds as if either is happening in coordination with the opt-in. The seven-time All-Star will remain extension-eligible up until next June 30 and could tack on up to four years to his expiring deal.

If Irving signs an extension exceeding two years, he would become ineligible to be traded for the next six months; if he’s traded, he would be ineligible to sign an extension longer than two years for the next six months.

Irving’s contract option technically has a base value of about $36.5MM, but the cap hit is $36.9MM due to likely incentives, and it can go as high as $37.7MM if he reaches all his incentives.

The opt-in closes the door on the possibility of Irving of taking a massive pay cut and signing with a new team, such as the Lakers, for the mid-level exception. However, it’s unlikely the drama surrounding Kyrie will end any time soon — since he’s now on track for unrestricted free agency in 2023, he could reemerge as a trade candidate within the next year if he and the Nets don’t agree to an extension.

The Nets, who were reportedly unwilling to offer Irving a long-term contract, have been playing hardball in negotiations with the 30-year-old and essentially threw it in his lap to find a viable sign-and-trade scenario. He was unable to do so, which has led him to exercising the option, Adrian Wojnarowski of ESPN tweets. Irving had until 5:00 pm ET on Wednesday to officially make a decision on that option.

Earlier in the day, it was reported that the Lakers were the only team willing to engage in serious sign-and-trade talks with Brooklyn and they lacked attractive pieces to ship back to the Nets in a potential deal.

With Irving’s future up in the air during the last week, multiple reports indicated that Durant was also mulling his options. But with Irving seemingly on track to return to the Nets for next season, Durant presumably won’t be looking for an exit ramp out of Brooklyn.