Brooklyn Nets Rumors | Hoops Rumors

Scotto’s Latest: Beasley, Hield, Nuggets, Martin, Pelicans, Mavs, Cavs

July 5th, 2024 at 10:32pm CST by Luke Adams

Coming off a season in which he made a career-high 41.3% of his three-point attempts, free agent swingman Malik Beasley was considered the Mavericks‘ Plan B for outside shooting help if they were unable to land Klay Thompson, reports Michael Scotto of HoopsHype.

With Dallas no longer in the mix for Beasley, the 27-year-old sharpshooter is receiving interest from the Pelicans, who like the idea of having him stretching the floor alongside Zion Williamson, league sources tell Scotto.

Meanwhile, the Pistons “flirted” with potentially offering Buddy Hield a one-year contract and have considered doing the same for Beasley, Scotto writes, but for now Detroit wants to keep its salary cap space open for trade purposes, since the team is well positioned to take on an unwanted contract or two and receive draft assets for its trouble.

Here’s more from Scotto:

The Nuggets and Heat were among the teams to express interest in Hield before he agreed to join the Warriors, per Scotto. However, neither team could realistically match the $8.7MM starting salary Hield got from Golden State. Denver is shopping in free agency with its $5.2MM taxpayer mid-level exception in the hopes of adding a player who can help fill the Kentavious Caldwell-Pope-sized hole in the team’s rotation, Scotto notes.
When he declined his $7.1MM player option with Miami, Caleb Martin was hoping for a deal worth at least the full mid-level exception ($12.9MM) and possibly more than that, sources tell HoopsHype, but nothing has materialized so far. The Sixers are among the teams with interest in Martin, but his asking price would have to drop for that to be realistic, according to Scotto.
While the Pelicans continue to peruse the trade market for centers – with Wendell Carter of the Magic among the targets on their radar – veteran big man Daniel Theis has been linked to New Orleans as a possible cheaper option in free agency, Scotto writes.
The Mavericks, in the market for one more guard, have considered a possible reunion with Spencer Dinwiddie or Dennis Smith Jr., according to Scotto, who hears that Malachi Flynn is another playing Dallas is considering if Dinwiddie and Smith end up elsewhere.
Johnnie Bryant (Knicks), Jared Dudley (Mavericks), and Trevor Hendry (Nets) are among the coaches the Cavaliers are eyeing as possible assistants for Kenny Atkinson‘s staff, Scotto reports. Bryant was close with Donovan Mitchell from their days in Utah together, while Dudley and Hendry were with Atkinson in Brooklyn (Dudley as a player, Hendry as a staffer).

And-Ones: Team USA, Bonuses, Summer League, Draft, Tavares

July 5th, 2024 at 7:07pm CST by Luke Adams

The members of the U.S. Olympic team that will compete in Paris this summer have arrived in Las Vegas, writes Tim Reynolds of The Associated Press. Team USA will hold a pre-Olympic camp in Vegas from July 6-8 and will be joined by a 15-man Select Team for scrimmaging purposes.

Led by LeBron James (two Olympic gold medals, 20 All-Star berths) and Kevin Durant (three gold medals, 14 All-Star berths), the 12-man Olympic roster is as formidable as any team USA Basketball has fielded in the 21st century, with 84 combined All-Star nods. It will make picking a starting lineup a challenging task for head coach Steve Kerr.

“It’s a good problem to have,” Kerr said on Friday, per Reynolds. “I’m guessing that all 12 players on this roster will be in the Hall of Fame someday. So, how do you pick five out of 12? The idea is, you find combinations that click, and you find two-way lineups that can be effective at both ends. Our big job in Las Vegas is to find five-man combinations that fit and to just ask all 12 guys to fully commit to the goal of winning a gold medal no matter what it looks like, no matter who’s playing.”

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

Expect NBA teams to include unlikely incentives less frequently in player contracts going forward, tweets ESPN’s Bobby Marks. Those unlikely bonuses don’t count against the cap if they’re not earned, but they do count when determining a team’s position relative to the tax aprons, giving high-spending teams less wiggle room below those aprons. For instance, the Heat – who are operating in between the first and second aprons – would presumably prefer not to have to account for the $1.5MM unlikely bonus Tyler Herro would earn for winning Defensive Player of the Year.
With the Bulls, Magic, Nets, Trail Blazers, Cavaliers, and Hawks among the teams announcing their Summer League rosters on Friday, Brett Siegel of Clutch Points has updated his tracker of the Summer League squads from around the NBA.
While no concrete decisions have been made yet about next year’s draft schedule, the expectation is that the NBA will want the second round (ie. the second day) to start in the evening instead of the afternoon, Marc Stein writes at his Substack. The second day of the 2024 draft began at 4:00 pm Eastern time on June 27 so as not to compete with the U.S. presidential debate that was scheduled for that evening.
There had been some speculation in the spring that Walter Tavares might try to make an NBA comeback this summer, but the former Hawks and Cavaliers big man – who has been a star in Europe since 2017 – won’t be going anywhere, having signed a five-year contract with Real Madrid, the Spanish team announced in a press release. The all-time EuroLeague blocks leader, Tavares has won a pair of EuroLeague championships with Madrid in 2018 and 2023.

Trade Rumors: Markkanen, DeRozan, Young, Cavaliers

July 5th, 2024 at 4:09pm CST by Rory Maher

The Jazz continue to listen to trade offers for Lauri Markkanen, according to ESPN’s Zach Lowe (subscriber link), who hears from sources who say the Heat are among the teams interested in the star forward.

As Lowe writes, Markkanen’s situation is complicated because he’s on a below-market contract that will pay him $18MM in 2024/25, which is the final season of his contract. That makes a standard contract extension – which can’t start above 40% of his current salary – unlikely. Rival teams may not be willing to give up a major haul of assets with no guarantees that the 27-year-old would stick around beyond next season.

Utah could potentially get more value in return for Markkanen in several months if the team renegotiates and then extends his contract. However, that scenario is also tricky.

As Marc Stein details (Substack link), Markkanen becomes eligible for a renegotiation and extension on August 6, but he won’t be trade-eligible for six months if he signs a new deal. That means if he signs the extension on the first day he’s eligible to, he would only be eligible to be traded for one day during the season: February 6, the day of the deadline. If the extension is signed on August 7 (or later), Markkanen would not be eligible to traded during the upcoming season.

While it’s not surprising that the Heat have shown interest in the Finnish star, Barry Jackson of The Miami Herald casts doubt (via Twitter) on the feasibility of the team actually acquiring him. As Jackson notes, Utah has placed a high asking price in previous talks with Miami, which lacks future first-round picks to offer.

One team interested in Markkanen seems confident that he’ll eventually be traded, per Stein. Utah’s own 2025 first-round pick is top-10 protected, so the Jazz could be incentivized to tank ahead of a strong draft class. Utah has also struggled to acquire a second star to build the roster around him.

Here are some more trade rumors from around the NBA:

The Kings appear to be the frontrunner to acquire DeMar DeRozan in a sign-and-trade with the Bulls, according to ESPN’s Adrian Wojnarowski, who made the comments on SportsCenter (Twitter video link; hat tip to RealGM). However, Wojnarowski said a third team would likely to be need to be involved to absorb salaries, as Chicago is reluctant to add to its payroll. A six-time All-Star, DeRozan remains the top free agent left on the market.
According to Lowe, the trade market for Hawks point guard Trae Young “is as chilly as it has ever been.” Sources tell Lowe that the Spurs and Lakers — two teams linked to Young — haven’t expressed much recent interest in the three-time All-Star. Lowe says San Antonio appears unmotivated to help Atlanta regain control of its own first-round picks in a deal for Young.
Lowe hears rumors of Darius Garland potentially requesting a trade from the Cavaliers following Donovan Mitchell‘s extension have “quieted,” which confirms a report from his ESPN colleague Brian Windhorst. According to Lowe’s sources, the Cavs are still on the hunt for a 3-and-D wing, with Nets forwards Cameron Johnson and Dorian Finney-Smith worth monitoring, though Cleveland only has one tradable first-round pick (2031). Stein has also heard that center Jarrett Allen will likely be difficult to acquire after Kenny Atkinson was hired as head coach, which means the Cavs could have the same core together entering next season.

Eastern Notes: LaVine, Maxey, Vezenkov, Knicks, Prince

July 4th, 2024 at 11:00pm CST by Luke Adams

As the Bulls continue to explore the trade market for a possible Zach LaVine deal, agent Rich Paul wants it known that his client is handling the situation professionally and isn’t agitating for a move or taking issue with the team’s actions, writes K.C. Johnson of NBC Sports Chicago.

“I want to make this clean and clear: This whole idea that Zach has been anything but professional in this situation is false,” Paul told Johnson over the phone. “This guy has played hurt. He has represented the franchise with class. A lot has taken place during his time with the Bulls and he’s taken the high road every time. Does every player get frustrated at times? Yes. But Zach has been the ultimate professional and deserves better. The Bulls have business to do. And we’re letting them handle their business.”

LaVine’s trade value is at an all-time low, primarily due to his contract — the three years and $138MM left on his deal look especially onerous in the NBA’s tax apron era. He’s also coming off foot surgery that ended his season in January, but Johnson reports that LaVine is healthy and going through his typical offseason routine after having beaten the estimated recovery timeline of four-to-six months following his procedure.

The Bulls have presented “upwards of 15” LaVine trade proposals to various teams this offseason, according to Johnson, who hears that the Kings and Golden State have shown the most interest in the two-time All-Star. However, the Warriors‘ imminent additions of De’Anthony Melton, Buddy Hield, and Kyle Anderson probably signal that they’re going in a different direction, Johnson acknowledges.

Here’s more from around the Eastern Conference:

Speaking to Gina Mizell of The Philadelphia Inquirer, Sixers guard Tyrese Maxey said management is “doing a good job so far” in free agency adding players who will help the team win, adding that he was happy his willingness to wait a year for his own long-term contract helped Philadelphia open up enough cap room to land Paul George. “When we talked about it last year, it’s a trust thing,” Maxey said. “I trusted (the front office), and I feel like it worked out for us so far. It’s a cool deal. I wasn’t too worried about it.”
Rumors about a possible return to Europe continue to swirl around Sasha Vezenkov. According to Michalis Stefanou of Eurohoops, Vezenkov and his former EuroLeague team Olympiacos have agreed in principle on a lucrative long-term deal, but the 28-year-old forward remains under contract with the Raptors (with a $6.66MM cap hit in 2024/25), so his return to Greece would likely be contingent on negotiating a buyout with Toronto. Recent reporting indicated the Raptors expect Vezenkov to be with them in camp in the fall.
Ever since they agreed to an early version of the Mikal Bridges trade last week, the Knicks sought to expand it, making it clear to the Nets that they’d eventually circle back with more details, writes Fred Katz of The Athletic. Now that New York has amended the Bridges deal to ensure its hard cap is at the second apron instead of the first apron, Katz explores what’s next for the team, suggesting that re-signing Precious Achiuwa and adding another player using the taxpayer mid-level exception should be doable, assuming Achiuwa’s price is modest enough.
Following up on news that the Bucks have agreed to sign Taurean Prince, Eric Nehm of The Athletic considers what the veteran forward will bring to Milwaukee, opining that Prince looks like a good fit for the roster and should see regular minutes next season.

Knicks, Nets Expanding Bridges Trade To Include Milton, Diakite, Bates-Diop

July 4th, 2024 at 11:18am CST by Rory Maher

The Knicks intend to sign-and-trade Shake Milton to the Nets as part of the blockbuster trade that will send Mikal Bridges from Brooklyn to New York, Shams Charania of The Athletic reports (via Twitter). Milton will receive a three-year, $9MM contract, but only the first season is guaranteed.

New York will also be including Mamadi Diakite in the trade, league sources tell Fred Katz of The Athletic (Twitter link). The Knicks have been looking for ways to add salary to the original framework to avoid being hard-capped at the first tax apron ($178.1MM), Katz notes. By aggregating salaries, the Knicks will instead be hard-capped at the second apron ($188.9MM).

The Nets will be sending the Knicks Keita Bates-Diop as part of the expanded deal, per Charania.

As cap expert Yossi Gozlan explains (Twitter links), the Knicks can give Milton a $3.1MM salary for 2024/25 using his Non-Bird rights. They will also be partially guaranteeing Diakite’s contract, which is currently non-guaranteed, to make the math work to get to at least $23.3MM in outgoing salary (the equivalent of Bridges’ 2024/25 cap hit). Sending out less outgoing salary than Bridges’ incoming figure would’ve hard-capped New York at the first apron.

Teams aren’t permitted to aggregate two or more minimum-salary contracts in a trade for matching purposes during the offseason. Diakite is on a minimum deal, but Milton will be earning 20% above his minimum salary, allowing the Knicks to avoid that trade restriction.

The Knicks will not have to account for Bates-Diop’s incoming salary for matching purposes because he fits into the minimum-salary exception.

After the trade, Gozlan projects the Knicks to have approximately $172MM in salary committed to 11 players. That means they’ll be about $16.9MM below the second apron, giving the team the financial flexibility to use the taxpayer mid-level exception and potentially re-sign Precious Achiuwa, who is an unrestricted free agent.

Here’s a rundown of the full trade, at least what has been reported thus far:

Knicks to acquire Mikal Bridges, Keita Bates-Diop and a 2026 second-round pick.
Nets to acquire Bojan Bogdanovic, Shake Milton (sign-and-trade), Mamadi Diakite, the Knicks’ 2025 first-round pick, the Bucks’ 2025 first-round pick (top-four protected), the Knicks’ 2027 first-round pick, the Knicks’ 2029 first-round pick, the Knicks’ 2031 first-round pick, the right to swap a 2028 first-round pick for the Knicks’ 2028 first-round pick, and the Nets’ 2025 second-round pick.

According to Gozlan, the Nets will create a $23.3MM trade exception (Bridges’ salary) if they absorb Bodganovic’s salary into an existing TPE worth $20.3MM (Twitter link). Using an exception from a previous season hard-caps a team at the first apron, but so does acquiring a player via sign-and-trade (Milton), so it seems safe to assume Brooklyn will use that preexisting TPE on Bogdanovic.

Milton, 27, was a productive bench player for Philadelphia for several seasons before signing with Minnesota last summer. The Wolves traded him to the Pistons before the February deadline, and he was subsequently waived, later signing a rest-of-season deal with the Knicks in early March as a free agent. He only appeared in four regular season games with New York.

Diakite, also 27, has bounced around the NBA over the course of his four seasons, suiting up for the Bucks, Thunder, Cavaliers, Spurs and Knicks on a variety of different contracts.

Bates-Diop, 28, has played for the Wolves, Nuggets, Spurs, Suns and Nets over the course of his seven years in the NBA. He exercised his player option for ’24/25 last month.

Eastern Notes: Cavs, Ott, Nets, Celtics, Hawks

July 3rd, 2024 at 11:21pm CST by Luke Adams

After spending the past two seasons as a Lakers assistant, Jordan Ott has agreed to join Kenny Atkinson‘s coaching staff with the Cavaliers, sources tell Adrian Wojnarowski of ESPN (Twitter link).

Ott, who previously worked under Atkinson in Brooklyn, interviewed for Charlotte’s head coaching position this spring. According to Wojnarowski, Ott was a finalist in that process before the Hornets ultimately chose Charles Lee.

Michael Scotto of HoopsHype first reported that Ott was expected to land in Cleveland as an assistant if the Cavs decided to hire Atkinson.

Here are a few more notes from around the Eastern Conference:

Agents and league executives who have spoken to Brian Lewis of The New York Post don’t expect the Nets to opt for an extended rebuilding process that would see them slowly stockpile draft assets and sacrifice their projected 2025 cap room by taking on unwanted multiyear contracts. According to Lewis, the team is considered more likely to hang onto its biggest expiring contracts – including Ben Simmons‘ – and to pursue roster upgrades a year from now when could have upwards of $80MM in cap space.
Fred Katz of The Athletic takes a wide-ranging look at the Knicks‘ free agent and trade options to add a backup center, suggesting that Precious Achiuwa might be the top free agent candidate to end up in New York, even though he’s not the sort of “conventional” shot blocker and rim protector that head coach Tom Thibodeau would prefer.
In a pair of stories for MassLive.com, Brian Robb examines what the Derrick White contract extension means for the Celtics going forward – from both a roster and cap perspective – and notes that Boston will have a couple holes to fill on its coaching staff after the Hornets announced that former Blaine Mueller and Jermaine Bucknor are joining Charles Lee in Charlotte. Mueller coached the Maine Celtics last season, while Bucknor was a player development coach in Boston. Another Celtics assistant, Sam Cassell, was “heavily targeted” by rival teams seeking an experienced assistant, but appears likely to remain in Boston, Robb adds.
The Hawks are being sued by longtime executive and former team president Robert “Bob” Williams, who has accused the team of breach of contract and claims he’s owed a $660K bonus. Rosie Manins of The Atlanta Journal-Constitution has the details in a subscriber-only story.

FA/Trade Rumors: Sixers, Heat, DeRozan, Warriors, Markkanen, Lakers, More

July 3rd, 2024 at 2:14pm CST by Luke Adams

Signs are pointing toward Paul Reed being traded or waived rather than returning to the Sixers, according to Keith Pompey of The Philadelphia Inquirer, who notes that waiving Reed or using his pseudo-expiring $7.7MM contract as a trade chip would allow the team to maximize its cap room. Pompey adds that Philadelphia has had discussions with free agent forward Haywood Highsmith, while Barry Jackson of The Miami Herald tweets that the 76ers have also “poked around” on Caleb Martin.

Although the Heat remain in the mix for both of their free agents and could technically make Martin and Highsmith big offers, they’ve told people they don’t intend to surpass the second tax apron due to the roster-building restrictions that second-apron teams face, says Jackson (Twitter link). That limits Miami’s ability to make a competitive offer to either player.

Despite the Heat’s financial restrictions, Jovan Buha of The Athletic has heard from league sources that Miami is viewed as the “slight” favorite to land DeMar DeRozan. The team doesn’t have the spending flexibility to make it work without additional moves, but DeRozan likes the idea of playing for the Heat and the two sides have remained in touch, tweets Jackson.

Here are a few more rumors and notes related to the trade and free agent markets:

The Warriors and Spurs are considered the most serious suitors for Jazz forward Lauri Markkanen, according to Chris Haynes of Bleacher Report (video link), who says Golden State has been the most aggressive team in its pursuit of Markkanen.
Appearing on SportsCenter on ESPN (Twitter video link), Adrian Wojnarowski said the Lakers aren’t interested in using their tradable draft picks just to move off contracts, but would be open to including draft assets for a quality player. However, they’re not pursuing a deal for a high-salary impact player, since they’re skeptical the three-star model is feasible under the new CBA, Wojnarowski explains.
While a report on Monday suggested the Nets are open to reuniting with Lakers guard D’Angelo Russell, sources tell Brian Lewis of The New York Post that’s not expected to happen.
In an appearance on Sactown Sports 1140 (YouTube link), Sam Amick of The Athletic said that he’s skeptical the Kings will land Markkanen or Pelicans forward Brandon Ingram, noting that Sacramento still appears to be taking a hard line in its desire to keep Keegan Murray off the table in trade talks. “I don’t know how long the list of guys is that they would give Keegan up for, but it’s not anybody currently available on the market,” Amick said.

Scotto’s Latest: Markkanen, Achiuwa, Knicks, Kessler, Vucevic, Sixers

July 2nd, 2024 at 3:57pm CST by Luke Adams

The expectation around the NBA, according to Michael Scotto of HoopsHype, is that the Jazz will only seriously consider trading Lauri Markkanen if they receive a huge offer similar in value to the one Brooklyn got for Mikal Bridges, which included four unprotected first-round picks, an unprotected first-round swap, and one more lightly protected first-rounder.

The decision on Markkanen is viewed as an inflection point for the Jazz, who could accelerate their timeline by trying to find another star to join him in Utah or extend their timeline by moving the star forward and continuing to stockpile assets ahead of a loaded 2025 draft.

In addition to confirming the four teams previously reported to have interest in Markkanen (the Warriors, Spurs, Kings, and Timberwolves), Scotto adds the Pelicans to the list of potential suitors for the star forward. However, he says New Orleans has been reluctant to discuss valuable young role players like Trey Murphy and Herbert Jones.

Brandon Ingram, the most obvious trade candidate on the Pelicans’ roster, wouldn’t be a logical target for Utah in a Markkanen trade. New Orleans is including a pair of first-round picks in its deal for Dejounte Murray but could still offer as many as four first-rounders (2025, 2027, 2029, and 2031) in a package for a player like Markkanen.

Here’s more from Scotto:

Unrestricted free agent Precious Achiuwa – who is drawing interest from multiple contenders, per Ian Begley of SNY.tv – liked playing in New York and remains open to re-signing with the Knicks, Scotto writes. The Knicks’ search for help at center has also involved making trade calls to the Jazz about Walker Kessler and the Hornets about Nick Richards, according to Scotto, who says rival executives think the Jazz are more willing to listen to inquiries on Kessler than they would’ve been a year ago.
With DeMar DeRozan seemingly on the verge of leaving Chicago, there’s a belief around the league that the Bulls may look to trade Nikola Vucevic and make the roster even younger, league sources tell Scotto.
Providing several Sixers-related updates, Scotto says Philadelphia is expected to either trade or waive Paul Reed and his $7.7MM non-guaranteed contract, has exploratory trade interest in Nets forward Dorian Finney-Smith, and wants to add more shooting and guard depth, with Lester Quinones and Kyle Lowry among the players on its radar. Additionally, second-round pick Adem Bona is expected to get a standard contract and a place on the 76ers’ 15-man roster, Scotto reports.

L.A. Notes: Lakers, Klay, DeRozan, Clippers, George, Batum

July 2nd, 2024 at 7:53am CST by Luke Adams

The Lakers are believed to have made a bid for Klay Thompson that would’ve been for more years and more overall money than the three-year, $50MM deal he accepted from the Mavericks, according to reports from Dan Woike of The Los Angeles Times and Tim MacMahon of ESPN on the Hoop Collective podcast (hat tip to RealGM). Los Angeles would have had to send out salary and assets in a sign-and-trade to make such an offer.

The Lakers were “extremely intriguing” to Thompson, says ESPN’s Adrian Wojnarowski. However, sources tell Wojnarowski that the Mavericks’ NBA Finals run and the financial advantages of living in Texas were among the deciding factors for the veteran sharpshooter, who will be joining a new team for the first time since entering the NBA in 2011.

LeBron James reportedly made a recruiting call to Thompson when free agency opened and the Lakers had a face-to-face meeting with the 34-year-old on Sunday night, per Marc Stein (Twitter link). But, as Stein writes, the Mavs had Thompson’s former USA Basketball teammate Kyrie Irving on their side for recruiting purposes and were able to secure Thompson’s commitment following their own face-to-face meeting.

Here’s more out of Los Angeles:

Having missed out on Thompson, the Lakers shifted their focus to DeMar DeRozan, Jovan Buha of The Athletic confirms. LeBron James would reportedly be willing to accept a pay cut to accommodate the acquisition of DeRozan, so L.A. could theoretically offer the free agent forward more than the full mid-level exception via a sign-and-trade. But negotiating such a deal would be tricky, since the Bulls will want assets in return and likely won’t be open to taking back much – if any – salary due to their own financial situation.
It’s unclear if there are any other free agent targets left on the board for whom James would take a discount, so if the Lakers are unable to land DeRozan, LeBron would likely be on track to sign a maximum-salary contract with the team, Buha notes.
Buha adds that the Lakers have been active in trade talks in recent days, discussing possible deals with the Trail Blazers, Nets, and Jazz, among other clubs. Previous reporting has suggested the Lakers have some level of interest in Jerami Grant (Portland) and Cameron Johnson (Brooklyn); Utah has plenty of cap room available and could potentially take on salary as a third team in a sign-and-trade for DeRozan, though that’s just my speculation. The Jazz are also believed to be open to listening to inquiries on some of their veterans, including Lauri Markkanen (to be clear, the Lakers aren’t among the teams that have been linked to Markkanen so far).
Besides being unwilling to offer Paul George a fourth year, the Clippers also didn’t include a no-trade clause in their proposal to the star forward, ESPN’s Wojnarowski said during a SportsCenter appearance (hat tip to RealGM). George would have been eligible for a no-trade clause with the Clippers because he was signing a free agent contract, had at least eight years of NBA experience, and had spent at least four years with the team.
Sixers star Joel Embiid was pushing for a return to Philadelphia for Nicolas Batum, who also drew interest from the Bucks, among other teams, reports Tomer Azarly of ClutchPoints. However, Batum – who played for the Clippers from 2020-23 – still has family in Los Angeles and considers it home, per Azarly. Azarly adds that the forward’s relationships with head coach Tyronn Lue and some front office members also factored into his decision to return to L.A. on a two-year deal.

Atlantic Notes: Hartenstein, Pagliuca, George, Nets Rebuild

July 1st, 2024 at 9:24pm CST by Dana Gauruder

Money talks and that’s one big reason why Isaiah Hartenstein walked away from the Knicks in free agency. It was a difficult decision for Hartenstein, Stefan Bondy of the New York Post writes, because he wanted to stay in New York.

But as a player who had earned approximately $23MM so far in his NBA career, Hartenstein couldn’t pass up on the Thunder‘s three-year, $87MM offer, which will pay him about $30MM in year one, especially given the more favorable cost of living in Oklahoma City, Bondy writes. The Knicks held the center’s Early Bird rights, limiting them to a four-year, $72.5MM offer.

We have more from the Atlantic Division:

Celtics co-owner Steve Pagliuca suggested in a statement relayed by Adam Himmelsbach of the Boston Globe (Twitter link) that he’s not looking to divest from the team. Earlier on Monday, it was made public that the team’s majority ownership group, led by Wyc Grousbeck, intended to put the franchise up for sale. Pagliuca’s statement reads in part, “Being a co-investor and managing partner of the Celtics has been a great honor and a labor of love. I hope to be a part of the Celtics moving forward and will be a proud participant in the bidding process that has been announced today.”
The Sixers had little choice but to pursue Paul George on the free agent market in order to keep up with the Eastern Conference contenders, Sam Amick of The Athletic opines. It was the best move available on the board, according to Amick, and keeps them alive in the chase for next year’s conference title.
The Nets must choose among two paths in their rebuild, according to Brian Lewis of the New York Post. They could make up to four first-round picks in a loaded 2025 draft and spend $80MM in free agency in an effort to accelerate the process or they could take a longer route. In that scenario, they could trade Ben Simmons, Bojan Bogdanovic and Dennis Schröder — players that come off the cap next summer — this offseason for unwanted multiyear contracts and more picks.