Charlotte Hornets Rumors | Hoops Rumors

Reggie Jackson Gave Up $3.3MM In Hornets Buyout

July 24th, 2024 at 5:30pm CST by Luke Adams

Veteran point guard Reggie Jackson, who was officially waived by the Hornets on Tuesday, reached a buyout agreement with the team that created the path for his exit, league sources tell Michael Scotto of HoopsHype (Twitter link). According to Scotto, Jackson gave up $3.3MM as part of the buyout.

Hoops Rumors has confirmed that Jackson surrendered exactly $3,303,771, which is the amount the 34-year-old will earn with the Sixers once he clears waivers and signs a new minimum-salary contract with Philadelphia.

The move reduces the amount of dead money on the Hornets’ books from $5,250,000 to $1,946,229, creating a little extra financial flexibility for the club. Charlotte is over the cap but has plenty of breathing room (approximately $16MM) below the luxury tax line.

As for Jackson, he’ll ultimately earn the same $5.25MM salary that he would’ve if he’d remained on his previous contract. He’ll be paid $1,946,229 by the Hornets and $3,303,771 by the Sixers — plus, he’ll now have the opportunity to play for a team much closer to title contention. He was traded from Denver to Charlotte earlier in the offseason.

Jackson is the second veteran point guard to give up money in a buyout agreement in recent days, joining Russell Westbrook, who surrendered $1.7MM when he was waived by the Jazz. Raptors forward Sasha Vezenkov was also bought out this week, having given up his entire $6.66MM salary to get out of his NBA contract in order to return to Greece.

Reggie Jackson To Join Sixers After Being Waived By Hornets

July 23rd, 2024 at 9:33am CST by Luke Adams

The Hornets are waiving veteran point guard Reggie Jackson, league sources tell Roderick Boone of The Charlotte Observer. Boone had previously reported that the move was expected, and it’s now official, per NBA.com’s transaction log.

According to Adrian Wojnarowski of ESPN (Twitter link), Jackson intends to sign with the Sixers once he clears waivers.

Prior to Wojnarowski’s report, Keith Pompey of The Philadelphia Inquirer had tweeted that the 76ers would have interest in Jackson, who played with Paul George in Los Angeles from 2020-23.

A 13-year NBA veteran, Jackson spent the 2023/24 season in Denver, backing up Jamal Murray at the point. He averaged 10.2 points, 3.8 assists, and 1.9 rebounds in 22.2 minutes per game, posting a .431/.359/.806 shooting line in 82 outings (23 starts).

Jackson exercised a $5.25MM player option in June, but the Nuggets wanted to go in a different direction with their backup point guard spot and traded the 34-year-old to Charlotte along with multiple second-round picks in a salary-dump deal. Denver is poised to sign Russell Westbrook to fill the backcourt hole created by that deal.

The Hornets, meanwhile, made their trade with Denver in order to acquire those future second-round picks rather than Jackson, who wasn’t in their plans for 2024/25. It’s the second time in the last two years that Charlotte has traded for Jackson and waived him shortly thereafter — it also happened in February 2023, when the Clippers sent him to the Hornets in a deal for Mason Plumlee. Jackson was cut three few days later and caught on with Denver on the buyout market at that time.

Waiving Jackson will create an opening on Charlotte’s 15-man roster, leaving the team with 13 players on fully guaranteed contracts and one (Taj Gibson) on a partially guaranteed deal.

The Sixers, meanwhile, figure to bring Jackson aboard on a minimum-salary contract, since that’s all they can offer to free agents after having used up their cap space and their room exception. The veteran guard will be the 13th man on Philadelphia’s standard roster, providing additional depth in a backcourt that includes rising star Tyrese Maxey, veterans Kyle Lowry and Eric Gordon, and rookie Jared McCain.

A minimum deal for Jackson will pay him about $3.3MM while counting against the 76ers’ cap for just $2.09MM.

Serbia, Greece Set 12-Man Rosters For Olympics

July 23rd, 2024 at 9:10am CST by Luke Adams

Two more nations have set their 12-man rosters for the upcoming Olympic games in Paris, with Serbia and Greece both officially announcing their squads (Twitter links).

The Serbian roster is headlined by three-time NBA MVP Nikola Jokic and includes a few more NBA players beyond the Nuggets center. Hawks guard Bogdan Bogdanovic, Hornets guard Vasilije Micic, and Heat forward Nikola Jovic will also represent Serbia in Paris.

Jovic’s inclusion is particularly notable, since there was some uncertainty earlier this month about whether he’d be healthy enough to play. He injured his ankle during an offseason workout in Miami in June, but has apparently received medical clearance for the Olympics.

Nikola Milutinov, Ognjen Dobric, Vanja Marinkovic, Marko Guduric, Filip Petrusev, Aleksa Avramovic, Dejan Davidovac, and Uros Plavsic round out Serbia’s roster. Former NBA first-round pick Aleksej Pokusevski, who finished last season with the Hornets, isn’t among the final 12.

Meanwhile, Greece has also confirmed its Olympic roster, which will be led by another former NBA MVP, Bucks forward Giannis Antetokounmpo. Giannis is the only Antetokounmpo suiting up for Greece in France at this year’s event, since his brothers Thanasis Antetokounmpo and Kostas Antetokounmpo are both dealing with injuries.

While Giannis is the only active NBA player on the Greek roster, a few others have previously played in the league, including Nick Calathes, Georgios Papagiannis, and Kostas Papanikolaou. Former Stephen F. Austin standout Thomas Walkup also signed an NBA contract back in 2016, though he never appeared in a regular season game.

Dinos Mitoglou, Giannoulis Larentzakis, Vassilis Charalampopoulos, Nikos Chougkaz, Dimitris Moraitis, Panagiotis Kalaitzakis, and Vassilis Toliopoulos make up the rest of Greece’s roster.

Serbia’s first pool-play game of the Olympics will take place on Sunday vs. Team USA, while Greece’s Olympic schedule will tip off a day earlier, with a Saturday showdown vs. Canada.

Taj Gibson Ready To Be Veteran Leader In Charlotte; Matt Morgan Has Perfect Shooting Night

July 20th, 2024 at 5:15pm CST by Arthur Hill

After signing a one-year deal with the Hornets, Taj Gibson is looking forward to being a veteran leader with a new organization. In an interview with Roderick Boone of The Charlotte Observer, Gibson talks about imparting the knowledge that he has picked up during his 15 NBA seasons. “It was very special for me coming in, because I came into the league in an era when we had multiple veterans on our team that taught you how to be a professional, how to look out for your teammates, how to be tough,” Gibson said. “There were times I would look at the bench and the vets would always give me that look or give me that dinner after a tough game. And it was really beneficial for my career because my career was able to go a long distance.”
Matt Morgan‘s perfect shooting night in the Summer League will give him more attention as he tries to land a two-way NBA contract or a new deal in Europe, per Eurohoops. The Hornets guard, who played for the London Lions last season, made all 11 of his shots from the field, including seven three-pointers, in Friday’s win over Portland.

Brandon Miller Talks USA Select Team, Josh Green, More

July 20th, 2024 at 1:42pm CST by Alex Kirschenbaum

Following a high-scoring All-Rookie First Team debut season, Hornets forward Brandon Miller was invited to play for the USA Select Team against a stacked U.S. Olympic squad.

The Alabama alum reflected on the experience during a conversation with Michael Scotto of HoopsHype.

“I think that put me in a great place out there competing with the best at the highest level,” Miller said. “Of course, we were having fun competing. I think that was a great moment for me to be out there and show what I can bring to a team against top talent. It was a great opportunity.”

Miller is talented enough on the court that it’s conceivable he could make the actual Team USA squad for a future Olympics competition. Across 74 games last year (68 starts), the 6’9″ forward posted averages of 17.3 points, 4.3 rebounds, 2.4 assists, 0.9 steals and 0.6 blocks per game with a .440/.373/.827 shooting line for the 21-61 Hornets.

His full conversation with Scotto is well worth reading in full. Below are some select highlights.

On his decision to partake in a second straight Summer League:

“I think it was to feel out the new coaching staff [under first-year head coach Charles Lee] because it’s going to be a new thing for everybody this year. I wanted to see how they wanted us to play. I think it also sets the tone (as far as leadership) for the year that we have coming up.”

On the addition of high-upside young shooting guard Josh Green to the team via trade:

“I think he brings a lot of defensive energy for us. I think that’s one thing we want to focus on this year, which is locking down on the defensive side. I think our defense will lead to our offense and transition. Josh is going to help us with that and, of course, his ability to knock down open shots. I think that’ll be big for us.”

On what fans can expect out of the club across the next five seasons:

“I think Charlotte fans should expect a playoff team. I think we’re going to bring energy every game and go out there and get as many wins as we can.”

Hornets Notes: Chemistry, Bridges, Gibson, Jackson, M. Williams, Black

July 17th, 2024 at 12:57pm CST by Luke Adams

LaMelo Ball, Miles Bridges, Brandon Miller, Mark Williams, Grant Williams, and several other Hornets players were in attendance at Tuesday’s Summer League game alongside new president of basketball operations Jeff Peterson and player enhancement coach Kemba Walker, according to Roderick Boone of The Charlotte Observer.

Summer League head coach Josh Longstaff said it “speaks volumes” to have the team’s veterans in the building “coaching up” and “cheering on” the Summer League squad, while guard Nick Smith Jr. added that it felt good to have “my big brothers (there) to support us.”

“It’s special, man,” Grant Williams said. “We are just trying to support one another, make sure we understand that team is first and team matters and really, really just committed to getting better and improving and making it a premier organization in the league.”

There are other signs of positive vibes around the organization this summer, according to Boone, who notes that co-owners Rick Schnall and Gabe Plotkin hosted a dinner event on Monday night in Las Vegas that included all of the Hornets’ players as well as a significant number of team personnel. Veteran big man Taj Gibson, the newest member of the roster, was among those impressed, Boone writes.

“It was really nice,” Gibson said. “To be honest with you, just meeting the ownership alone … First you see the ownership, the ownership is so welcoming. Those gentlemen, their energy is just vibrant in how they move and how they already circled and brought all the pieces together last night. It was like a family reunion, because that’s how relaxed we were. Talking, laughing, talking about what it’s going to be like. It was great, just to have that dialect.”

Gibson added that the team’s budding chemistry was on display at the event: “I’ve been to many of those dinners where every guy is over there, guys are over there. But (Monday) night, everybody was mixing. Everybody.”

Here’s more on the Hornets:

Bridges’ new three-year, $75MM contract with the Hornets has a descending structure, according to Keith Smith of Spotrac (Twitter link). The deal, which is fully guaranteed with no options, is worth $27,173,913 in 2024/25, exactly $25MM in ’25/26, and $22,826,087 in ’26/27.
Gibson’s one-year, minimum-salary deal is partially guaranteed, Hoops Rumors has learned. Gibson is assured of receiving at least $1,082,270 and would lock in his full $3,303,771 salary if he remains under contract through the league-wide guarantee deadline of January 7.
While the signings of Gibson and Seth Curry bring the Hornets’ roster count to 15 players on standard contracts, that number could dip to 14 soon, Boone writes for the Charlotte Observer, noting that Reggie Jackson is considered unlikely to open the regular season with the team. The expectation is that Jackson will be cut at some point to allow him to try to catch on with a team closer to contention, according to Boone.
In a pair of exclusive interviews, Boone spoke to Hornets center Mark Williams about his efforts to bounce back from an injury-plagued 2023/24 season and to two-way player Leaky Black about his desire to earn a place on Charlotte’s standard 15-man roster.

International Notes: Porter, Nnaji, Splitter, Parker, Nunn

July 17th, 2024 at 7:55am CST by Luke Adams

A federal judge has denied Jontay Porter‘s request to play for for Promitheas B.C. in Greece during the 2024/25 season, according to Mike Vorkunov of The Athletic.

Porter, who was permanently banned from the NBA in April for violating the league’s gambling rules, pleaded guilty last week to a felony charge of conspiracy to commit wire fraud. His sentencing is scheduled for December 18 and he faces the possibility of 41-51 months in prison, based on sentencing guidelines.

The former Raptor had to forfeit his passport under the conditions of his pre-sentence release. He and his lawyers had filed a motion asking to modify the terms of his release to have the passport returned to him so that he could travel to and around Europe, live in Greece, and play professional basketball in the Greek League.

“The proposed modification would allow Mr. Porter to pursue a very fortunate — and quickly diminishing — opportunity to earn income through his primary skillset,” Porter’s lawyer Jeff Jensen wrote. “Mr. Porter, and more importantly his agent, believe such an opportunity is unlikely to arise again. As you may know, Mr. Porter was recently banned from the National Basketball Association.

“Mr. Porter’s primary skillset and means of earning a living involve playing professional basketball. He left college early in 2020 to enter the NBA Draft and has not yet finished earning credits towards his college degree. Since being banned from the NBA there have been no other opportunities available to continue his basketball career. Mr. Porter has a limited window to earn an income through professional basketball during his prime earning years as a professional athlete.”

Both Jensen and a spokesperson for the U.S. Attorney’s Office for the Eastern District of New York declined to comment after the motion was denied, per Vorkunov.

Here’s more from around the international basketball world:

Nigerian center James Nnaji, the No. 31 pick in the 2023 draft, had hoped to make the leap to the NBA this offseason after playing in Spain in 2023/24, according to Jose Ignacio Huguet of Mundo Deportivo (hat tip to Sportando). However, those plans changed when Nnaji underwent back surgery this spring, rendering him unavailable for Summer League play and ensuring that he’s not in the Hornets‘ short-term plans. As a result, Nnaji will remain with Barcelona for at least one more season, per Mundo Deportivo’s reporting.
Former NBA big man Tiago Splitter has been named the new head coach of Paris Basketball, the French team announced this week (via Twitter). Splitter, who played in the league from 2010-17 (primarily for the Spurs), became an NBA assistant coach in 2019. He spent four years on Brooklyn’s staff, then was an assistant under Rockets head coach Ime Udoka in 2023/24.
Neither Jabari Parker (Barcelona) nor Kendrick Nunn (Panathinaikos) exercised the NBA exit clause in his contract, according to reports from Mundo Deportivo (hat tip to Sportando) and BasketNews.com. With those opt-out deadlines now passed, Parker and Nunn – both former NBA players – are expected to remain with their respective teams in Europe for the 2024/25 season.

Seth Curry Returns To Hornets On One-Year Deal

July 15th, 2024 at 9:11pm CST by Dana Gauruder

Seth Curry is returning to the Hornets on a one-year deal, Adrian Wojnarowski of ESPN tweets. The signing is official, according to a Hornets press release.

Curry, who turns 34 next month, was waived by Charlotte last month before his $4MM salary for next season became guaranteed. It was noted at that time both sides were interested in exploring another contract. He’ll provide depth at the shooting guard spot.

The younger brother of Stephen Curry, Seth actually has a better career three-point percentage (43.1%) than his superstar sibling (42.6%). However, the 33-year-old – who obviously isn’t Steph’s equal as a play-maker or all-around scorer – is coming off a down year in 2023/24. He appeared in a total of 44 games for the Mavericks and Hornets, averaging just 5.1 points per game on .392/.352/.903 shooting.

The younger Curry, who was sent from Dallas to Charlotte in February as part of the trade package for P.J. Washington, was able to suit up for just eight games down the stretch for his hometown Hornets, as his season ended early due to a sprained ankle.

While the terms of Curry’s new contract weren’t reported, a minimum-salary agreement seems likely.

Hornets Re-Sign Miles Bridges To Three-Year Deal

July 14th, 2024 at 3:25pm CST by Luke Adams

JULY 14: Bridges officially signed his deal to return to Charlotte, the Hornets announced (Twitter link).

JULY 6: The Hornets are re-signing free agent forward Miles Bridges, sources tell Shams Charania of The Athletic (Twitter link). According to Adrian Wojnarowksi of ESPN (Twitter links), Bridges’ new deal will be worth $75MM over three years and won’t include a team or player option.

After accepting his one-year, $7.9MM qualifying offer as a restricted free agent last summer, Bridges averaged 21.0 points, 7.3 rebounds, and 3.3 assists in 69 games for the Hornets last season, posting a shooting line of .462/.349/.825. His contract gave him veto rights on any trade and he told the team in February that he intended to exercise those rights rather than approve a deal elsewhere.

While that stance was partly about not wanting to lose his Bird rights, Bridges also repeatedly expressed a desire to remain in Charlotte, and that interest was reciprocated by the Hornets’ front office, led by new head of basketball operations Jeff Peterson. The two sides have made good on those public comments by agreeing to terms nearly a week into free agency.

Bridges’ scoring ability, size, and versatility are ideal for an NBA forward, but his market in free agency was almost certainly affected by his off-court history, which includes multiple allegations of domestic violence.

Facing three felony charges after being accused of assaulting his then-girlfriend in front of their two children, Bridges entered a plea of no contest — accepting punishment without formally admitting guilt — to one felony count of injuring a child’s parent in November 2022.

The Hornets forward received three years probation and no jail time as part of the plea deal, which led to a 30-game suspension from the NBA (he was permitted to serve just 10 games of that suspension because he spent the entire 2022/23 season out of the league while his case played out). He subsequently faced three additional criminal counts related to a separate incident, but those were dismissed this February due to insufficient evidence.

Charlotte has been keeping Bridges’ $15MM cap hold on its books during the early part of free agency. The club will use up all of its cap room on other deals before going over the cap to re-sign Bridges using his Bird rights.

Hornets Sign Taj Gibson To One-Year Deal

July 13th, 2024 at 8:23pm CST by Rory Maher

8:23pm: Gibson’s signing is official, the Hornets announced in a press release.

9:51am: The Hornets intend to sign veteran big man Taj Gibson to a one-year, $3.3MM contract, agent Mark Bartelstein tells ESPN’s Adrian Wojnarowski (Twitter link).

Based on the reported terms, Gibson will receive the veteran’s minimum for a player with 10+ years of experience ($3,303,771), while Charlotte will carry a $2,087,519 cap hit.

The 26th pick of the 2009 draft, Gibson has spent the past 15 seasons in the NBA. He had a long stint with Chicago to open his career before playing for Oklahoma City, Minnesota, New York (twice), Washington and Detroit. He finished the 2023/24 season with the Pistons.

Gibson, 39, is no longer a top-tier reserve or a starter like he was in his prime, but he’s still highly valued for his locker-room presence, professionalism and leadership.

Charlotte has a new front office led by head of basketball operations Jeff Peterson and a new head coach in Charles Lee. The team has repeatedly mentioned work ethic as a point of emphasis this offseason, which is something Gibson is known for.

The 6’9″ forward/center holds career averages of 8.6 PPG, 5.8 RPG and 1.0 BPG in 965 regular season games, including 450 starts (23.5 MPG).