Charlotte Hornets Rumors | Hoops Rumors

Hornets Notes: Hayward, Batum, Carey

December 1st, 2020 at 3:45pm CST by Luke Adams

Hornets head of basketball operations Mitch Kupchak had talked for the better part of the year about not planning to make a splash in free agency. So it came as a bit of a surprise when Charlotte completed the biggest unrestricted free agent contract of the 2020 offseason, signing Gordon Hayward to a four-year, $120MM contract.

Addressing that disconnect during his Tuesday session with reporters, Kupchak explained that he simply wasn’t expecting a player like Hayward to be available this fall.

“I did not think that we would be in a position to pursue a free agent of Gordon’s caliber,” Kupchak said, per Rick Bonnell of The Charlotte Observer.

As for whether Hayward’s injury history made the Hornets nervous about making such a significant investment in the 30-year-old forward, Kupchak downplayed any concerns the team might have had, as Bonnell writes.

“He passed our physical with flying colors,” he said. “He’s a good age for an NBA player and keeps himself in great shape … There’s no reason to believe, knock on wood, that he won’t be healthy here the next four years.”

Here’s more on the Hornets:

Speaking today to reporters about his decision to join the Hornets, Hayward said the team’s interest in him back in 2014 was a factor in choosing Charlotte, writes Jeff Zillgitt of USA Today. He also sounded excited about taking on a bigger role than he had in Boston, as the leader of a young Hornets roster. “The think I like to do most is play-make and create for others,” he said. “Obviously in my career, I’ve done the scoring thing as well. I’m versatile. I can just help us try to impact our time with winning as much as possible. The pieces are there in place. Sometimes with a young team you just need to get over that initial hump to get to that next level. I’m excited about that opportunity and that challenge.”
Asked today about waiving and stretching Nicolas Batum and his $27MM+ expiring contract, Kupchak explained that it would have cost the Hornets multiple draft picks to dump Batum’s salary in a trade. The team may also have had to take back another (smaller) veteran contract in the deal, Kupchak added (Twitter link via Bonnell).
The four-year contract that No. 32 overall pick Vernon Carey Jr. signed with the Hornets will have a first-year salary of $1.35MM, followed by minimum salaries in years two through four, tweets Bobby Marks of ESPN. The final year will be a team option, but it sounds like the first three will be guaranteed.

No Fans For Hornets To Start Season

December 1st, 2020 at 11:54am CST by Luke Adams

The Hornets will open the 2020/21 season without any fans in attendance at Spectrum Center, the team announced this week in a press release. The Hornets indicated they’ll continue to work with state and local health officials – and the NBA – to develop a plan to get fans back in the building, ideally before the end of the season.
In the wake of the Hornets‘ acquisition of Gordon Hayward and release of Nicolas Batum, Rick Bonnell of The Charlotte Observer examines the salary cap impact of the two transactions. As Bonnell writes, despite the significant cap charges for Hayward and Batum, the club could still open up a sizeable chunk of cap room in 2021.

Hornets Sign Riller, Darling To Two-Way Deals

November 30th, 2020 at 9:45pm CST by Dana Gauruder

The Hornets have signed guard Grant Riller, a late second-round pick, to a two-way contract, according to a team press release.

Riller had a stellar college career at the College of Charleston. The 56th overall pick of the draft averaged 18.7 PPG and 2.8 APG in 132 career contests.

As previously reported, undrafted guard Nate Darling is the team’s other two-way player and his signing is also official. At Delaware last season, Darling averaged 21.0 PPG, 3.9 RPG, and 2.8 APG in 32 starts.

In a separate release, the Hornets also announced the signing of big man Nick Richards, the 42nd pick of the draft. As a junior at Kentucky last season, he was named to the All-SEC First Team and the SEC All-Defensive Team after averaging 14.0 PPG, 7.8 RPG and 2.1 BPG in 29.7 MPG over 31 games.

Richards received a three-year contract, Bobby Marks of ESPN tweets.

Hornets’ LaMelo Ball Signs Rookie Contract

November 30th, 2020 at 6:27pm CST by Dana Gauruder

LaMelo Ball, selected with the No. 3 pick of the draft, has signed his rookie contract with the Hornets, Adrian Wojnarowski of ESPN tweets.

Assuming Ball receives the usual 120% above rookie scale, as virtually all first-rounders receive, he’ll make $7,839,960 in his first year. Ball is due to make $35,596,275 over the next four seasons.

Ball joins a backcourt that includes last season’s starters, Devonte’ Graham and Terry Rozier. Ball played 12 games professionally in Australia last season.

Hornets Sign Vernon Carey Jr. To Four-Year Contract

November 30th, 2020 at 10:35am CST by Luke Adams

9:02pm: The signing is official, according to a team press release.

10:35am: Rookie center Vernon Carey Jr., the No. 32 pick in this year’s draft, is signing a four-year contract with the Hornets, according to ESPN’s Bobby Marks (Twitter link).

While the exact value of Carey’s deal isn’t yet known, Marks says it will likely have the most guaranteed money of any contract signed by a 2020 second-round pick this fall. Charlotte will use a small portion of its remaining cap room to complete the signing.

In his first and only college season at Duke, Carey averaged 17.8 PPG, 8.8 RPG, and 1.6 BPG in 31 games (24.9 MPG). He shot 57.7% from the field and even made 38.1% of his tries from beyond the arc, albeit on just 21 three-point attempts.

Carey is one of four players selected by the Hornets in this year’s draft. LaMelo Ball, the team’s lone first-rounder, will soon sign a rookie scale contract. I’d expect a standard contract for No. 42 pick Nick Richards and a two-way deal for No. 56 selection Grant Riller, but we’ll have to wait to see what Charlotte has in mind.

Exploring Implications From Hornets Acquiring Gordon Hayward

November 29th, 2020 at 5:28pm CST by JD Shaw

Rick Bonnell of The Charlotte Observer explores the implications from the Hornets agreeing to a four-year, $120MM deal with Gordon Hayward, breaking it down from a cap and roster perspective. Charlotte officially acquired the former NBA All-Star in a sign-and-trade with the Celtics on Sunday.

Hornets Add Gordon Hayward Via Sign-And-Trade With Celtics

November 29th, 2020 at 3:43pm CST by Luke Adams

3:43pm: The Celtics’ new trade exception will actually be worth $28.5MM, Marks clarifies (via Twitter).

2:42pm: The Hornets have completed their acquisition of Gordon Hayward, having officially added the veteran free agent forward via a sign-and-trade deal with the Celtics.

According to the Celtics (via Twitter), Boston are sending a pair of future second-round picks to Charlotte in the deal along with Hayward. Those will be 2023 and 2024 second-rounders, according to Shams Charania of The Athletic (Twitter link).

As part of the trade, the Celtics will creative a massive trade exception worth the amount of Hayward’s 2020/21 salary ($27.9MM, per ESPN’s Bobby Marks). Boston will also receive a future second-round pick from the Hornets, though that pick will be heavily protected and is unlikely to change hands, tweets Rick Bonnell of The Charlotte Observer. It’ll be a 2022 second-rounder, Charania adds.

Hayward’s agreement with the Hornets on a four-year, $120MM contract was first reported on November 21 after an eventful free agency that saw the 30-year-old draw significant interest from Indiana and New York as well.

By waiving and stretching Nicolas Batum‘s $27MM expiring salary, the Hornets created more than enough cap room to sign Hayward outright. However, the opportunity to create a massive trade exception that can be used at the trade deadline or during the 2021 offseason incentivized the Celtics to explore a sign-and-trade deal.

That $27.9MM trade exception – which is the largest in NBA history, per Marks – can be used to acquire one or more players earning up to that amount without having to send out any salary, giving Boston an intriguing weapon on the trade market over the next 12 months. Danny Ainge and the Celtics’ front office determined that exception was valuable enough to give up two second-round picks.

From the Hornets’ perspective, the only downside of agreeing to a sign-and-trade instead of signing Hayward outright – besides helping out the Celtics – was hard-capping themselves for the 2020/21 league year. However, Charlotte remains well below the $109MM cap, so it’s safe to say the $139MM hard cap won’t be an issue. So essentially, the Hornets picked up a pair of extra second-rounders for a move they were making anyway.

For more info on Hayward’s deal, check out our original story on his agreement with the Hornets.

Photo courtesy of USA Today Sports Images.

Forward Ray Spalding Waived By Hornets

November 29th, 2020 at 2:14pm CST by Alex Kirschenbaum

Forward Ray Spalding was waived by the Hornets, the team announced on its official site. Spalding was on a two-way deal with the club for the 2019/20 season. The team now has a second available slot to add a two-way player who can join new addition Nate Darling.

The former Louisville power forward played 14 games for the Mavericks and Suns during his inaugural 2018/19 NBA season. He was drafted by the Sixers before being dealt to Dallas on draft night. He spent 2019/20 in the G League, averaging 13.9 PPG, 8.6 RPG, 2.2 APG, 1.4 BPG, and 1.3 SPG across 36 G League games for the Rio Grande Valley Vipers, the Rockets’ G League affiliate, and Charlotte’s affiliate club, the Greensboro Swarm.

The Hornets selected three second-round picks this season who could be candidates for that open two-way slot. 6’3″ shooting guard Grant Riller, taken with the No. 56 pick out of Charleston, seems to be the most likely option.

Nicolas Batum Waived By Hornets, Plans To Sign With Clippers

November 29th, 2020 at 1:50pm CST by Luke Adams

As expected, the Hornets have waived veteran forward Nicolas Batum, reports Shams Charania of The Athletic (Twitter link). The team has officially confirmed the move in a press release.

Batum was excised from the Hornets’ rotation this past season, appearing in just 22 games (23.0 MPG) and playing poorly in his limited time, with 3.6 PPG, 4.5 RPG, and 3.0 APG on .346/.286/.900 shooting. However, he’s only entering his age-32 season and should look more appealing on a minimum-salary deal than he did on his five-year, $120MM contract.

The Clippers are willing to bet on a bounce-back season from Batum, with Charania reporting (via Twitter) that the forward intends to sign with L.A. once he clears waivers. The Clips only have 12 players on fully guaranteed salaries and could use some additional depth on the wing, so Batum should be a good fit on the roster.

According to Charania (via Twitter), the Clippers were one of multiple contending teams with interest in Batum once Charlotte made it clear he would be cut. Golden State, Toronto, Utah, and Milwaukee were previously cited as potential suitors.

A report back on November 21 first indicated that Charlotte planned to waive Batum and stretch his $27MM+ salary across three seasons, opening up the cap room necessary for the team to sign Gordon Hayward to his new four-year, $120MM contract.

Once the Celtics and Hornets began discussing the possibility of turning Charlotte’s Hayward acquisition into a sign-and-trade, there was some uncertainty about whether releasing Batum would be necessary. The Hornets were believed to be exploring the possibility of sending him to Boston or – more likely – another team as part of a Hayward deal.

Although that won’t happen, that doesn’t mean that Hayward can’t still be acquired via sign-and-trade. We continue to await word on that front, but a sign-and-trade agreement would benefit the Celtics, who could generate a massive traded player exception in such a deal.

Now that Batum has been waived, it will make little difference from the Hornets’ perspective whether they sign Hayward outright or acquire him via sign-and-trade. If they can extract a sweetener (ie. a second-round pick or two) from Boston, it would make sense for Charlotte to accommodate the C’s and turn it into a sign-and-trade. We should find out soon whether or not that’s in the cards.

[UPDATE: Hornets Add Gordon Hayward Via Sign-And-Trade With Celtics]

Photo courtesy of USA Today Sports Images.

Jae Crowder Signs Three-Year Deal With Suns

November 28th, 2020 at 3:37pm CST by Luke Adams

NOVEMBER 28, 3:37pm: Crowder has officially signed, per team press release.

NOVEMBER 21, 1:03pm: The Suns have reached an agreement to sign Jae Crowder to a three-year contract, reports Shams Charania of The Athletic (via Twitter). The deal will be worth just shy of $30MM, tweets Tim Reynolds of The Associated Press. Phoenix will use its full mid-level exception to complete the signing.

Crowder, who finished the season in Miami, reportedly explored a new deal with the Heat, but was seeking a guaranteed multiyear commitment that the Heat weren’t comfortable with, per Barry Jackson of The Miami Herald (Twitter link).

League sources tell Michael Scotto of HoopsHype (Twitter link) that Crowder also drew interest from the Mavericks, Timberwolves, Clippers, and Hornets, but that Phoenix’s offer was ultimately too good to pass up.

Crowder, 30, provides value as a three-and-D player who has the size to guard bigger wings. He also played some of his best basketball at exactly the right time in his contract year.

After being traded from the Grizzlies to the Heat at last season’s deadline, the veteran forward made 44.5% of his threes for Miami in 20 games to finish the season, then started all 21 postseason contests as the Heat came within two wins of a title.

Having secured a commitment from Crowder and having traded for All-Star point guard Chris Paul earlier in the week, the Suns are looking like an intriguing playoff contender in the Western Conference this season. The team finished five games below .500 in 2019/20, but had an impressive 8-0 run in the Walt Disney World bubble, increasing expectations for ’20/21.

Paul and Crowder will join a promising group that includes star guard Devin Booker, former No. 1 pick Deandre Ayton, and young wings Mikal Bridges and Cameron Johnson, among others. The Suns also still hope to re-sign restricted free agent forward Dario Saric, per John Gambadoro of Arizona Sports 98.7 (Twitter link).

Photo courtesy of USA Today Sports Images.