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.
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.
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.
[RELATED: Hoops Rumors Glossary: Traded Player Exception]
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 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.
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.
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.
In a pair of stories, Scott Agness of Fieldhouse Files and J. Michael of The Indianapolis Star (subscription required) provide a few additional details on the Pacers‘ pursuit of Gordon Hayward in free agency, confirming that the Celtics sought a second starting player in addition to Myles Turner in a potential Hayward sign-and-trade. That lines up with what Gary Washburn of The Boston Globe reported last week.
Agness says that Hayward and his family purchased a home in the Indianapolis area over a year ago and that his wife was excited about the possibility of moving back to Indiana. However, Ainge apparently drove a hard bargain in trade discussions — Michael reports that even an offer of Turner, a first-round pick, and a rotation player (possibly Doug McDermott, as Washburn reported) wasn’t enough to win over the Celtics.
It’s possible that the hard line drawn by Ainge wouldn’t have ultimately mattered — the Hornets‘ offer of four years and $120MM was about $15MM higher than the Pacers were willing to go, according to Agness. That difference certainly may have been enough to lure Hayward to Charlotte even if the Pacers and Celtics had agreed to trade terms.
Still, both Agness’ and Michael’s reports seem to suggest there was a window when the two teams’ inability to work out a sign-and-trade agreement may have been the only thing standing in the way of Hayward going to Indiana. According to Michael, once the Hornets put their $120MM offer on the table, Ainge wanted to go back to the Pacers to negotiate in “good faith,” but Hayward’s agent Mark Bartelstein “pulled the plug” on that as the veteran forward chose Charlotte.
Here’s more from around the Central:
NOVEMBER 25: The Celtics and Hornets have continued to work on ways to turn the Hayward deal into a sign-and-trade, with Charlotte trying to find a team that might be able to take on Batum’s $27MM expiring deal so that he doesn’t have to be waived-and-stretched, tweets Adrian Wojnarowski of ESPN.
It sounds as if the Celtics don’t have any interest in taking on Batum or another player from the Hornets, preferring to generate a significant trade exception for signing-and-trade Hayward. The Thunder and Knicks may be the two teams best positioned to accommodate a salary dump, but there would be cap-related challenges in both cases.
NOVEMBER 21: The Celtics and Hornets are still discussing the possibility of turning Charlotte’s signing of Gordon Hayward into a sign-and-trade, according to Adam Himmelsbach of The Boston Globe (Twitter link).
Hayward reached an agreement earlier today to join the Hornets on a four-year, $120MM contract. Charlotte doesn’t have the cap room necessary to fit Hayward’s first-year salary in without making a corresponding roster move, so the team is reportedly planning to waive and stretch the final year of Nicolas Batum‘s contract, creating an extra $18MM in space.
Whether or not the Hornets intend to move forward with their plan to use the stretch provision on Batum, it makes sense to explore the possibility of a sign-and-trade.
Sending out enough salary to altogether avoid having to waive Batum would create future cap savings for Charlotte, though it’s not clear if acquiring a player like Terry Rozier or Cody Zeller would be of any interest to the Celtics after they reportedly reached deals with Jeff Teague and Tristan Thompson tonight.
Even if the Celtics don’t get anything of substance back from Charlotte in exchange for Hayward, the ability to create a massive traded player exception worth the forward’s outgoing salary should appeal to president of basketball operations Danny Ainge, as that exception could come in handy at some point over the next year. Boston may be willing to send the Hornets a small asset – such as a future second-round pick or cash – in order to create a sizeable TPE.
If the two sides don’t reach an agreement, Charlotte can simply move forward with its initial plan to waive and stretch Batum.
The Hornets plan to waive Nicolas Batum and use the stretch provision on his $27.1MM contract for the upcoming season in order to sign Gordon Hayward, unless they can figure out a sign-and-trade deal that would save them from stretching Batum.
Assuming he’s released, Batum shouldn’t have trouble finding a new home. His agent, Jeremy Medjana, told Basket Session that the Warriors, Jazz, Clippers, Bucks and Raptors are interested in signing him once he clears waivers (hat tip to Frank Urbina of HoopsHype). Batum, who has played for Charlotte the past five seasons, only appeared in 22 games last season.
Here are more free agency notes and rumors:
Alex Kirschenbaum contributed to this post.