Charlotte Hornets Rumors | Hoops Rumors

Hornets Sign Robert Franks To Two-Way Contract

July 9th, 2019 at 2:37pm CST by Luke Adams

The Hornets have officially signed undrafted rookie Robert Franks to a two-way contract, the team confirmed today in a press release. Franks’ agreement with Charlotte was first reported shortly after the conclusion of last month’s draft.

A 6’9″ forward out of Washington State, Franks had a strong senior season for the Cougars, averaging 21.6 PPG, 7.2 RPG, and 2.6 APG while shooting 39.9% on three-pointers (7.0 attempts per game).. He earned First Team All-Pac 12 honors.

Charlotte carried J.P. Macura and Joe Chealey on two-way deals last season, but both players saw their contracts expire and became free agents at the end of June. As such, the Hornets will still have a two-way slot open after formally adding Franks.

Contract Details: Porter, Rozier, Spurs, Kings, Raptors

July 9th, 2019 at 8:52am CST by Luke Adams

For the first time in several years, a first-round pick has accepted below the standard maximum of 120% of his rookie scale amount, tweets Jeff Siegel of Early Bird Rights. According to Siegel, No. 30 overall pick Kevin Porter Jr. will only earn 80% of his rookie scale amount during his first season and will continue to get less than 120% of the rookie scale amount in years two through four.

The rookie scale amount this year for the No. 30 pick is $1,613,700, so Porter’s expected salary for his rookie season would have been $1,936,440. Instead, he’ll get just $1,290,960, according to Siegel.

While this is just my speculation, it seems likely that the Cavaliers would have checked in with Porter and his agent before drafting him to see if he’d be okay with that reduced first-year salary, given how rare it is. Porter, the final pick in the first round, will still earn significantly more than the rookie minimum of $898K that many early second-rounder selections will receive, while the Cavs, who are up against the luxury-tax line, will put themselves in better position to avoid potential repeater penalties.

Here are more contract details from around the NBA, all courtesy of Siegel unless otherwise indicated:

Terry Rozier‘s three-year, $56.7MM contract with the Hornets has a declining structure (Twitter link). It starts at $19.9MM in 2019/20 before eventually dipping to $17.9MM by 2021/22.
The base value of Rudy Gay‘s two-year deal with the Spurs is $28MM, with $2MM in annual bonuses to bring the potential total value up to $32MM (Twitter link). DeMarre Carroll‘s deal, meanwhile, only has a partial guarantee of $1.35MM in the third year (Twitter link). The Spurs tacked on that third season when they pivoted to acquiring Carroll via sign-and-trade rather than signing him outright.
Trevor Ariza‘s two-year, $25MM contract with the Kings only has a $1.8MM partial guarantee in year two (Twitter link). Meanwhile, Sacramento’s deal with Dewayne Dedmon has a base value of $40MM over three years, with $300K in annual incentives (Twitter link).
Blake Murphy of The Athletic provides details on a pair of Raptors contracts, tweeting that Patrick McCaw‘s new two-year deal is worth $8MM, while Matt Thomas‘ three-year, minimum-salary contract is non-guaranteed in year three. Both of those deals will come out of Toronto’s mid-level exception — Stanley Johnson‘s might too, though if the team has plans in mind for the rest of the $4.36MM on its MLE, Johnson could be signed using the bi-annual exception instead, notes Murphy.

Kupchak: I Can Go Over Tax In Future

July 8th, 2019 at 6:54pm CST by Dana Gauruder

The Hornets are willing to pay the luxury tax in future seasons if they become contenders, GM Mitch Kupchak told Rick Bonnell of the Charlotte Observer. Kupchak indicated he’s currently allowed by majority owner Michael Jordan to spend up to the luxury tax threshold. “If we ever get to the point that we feel we can advance in the playoffs, Michael has made it clear that we will go into the tax,” Kupchak said. However, that seems a long way off after losing franchise player Kemba Walker in free agency.

Hornets Acquire Terry Rozier Via Sign-And-Trade

July 6th, 2019 at 8:58pm CST by Luke Adams

JULY 6: The trade is official, the Hornets announced in a press release. In addition to swapping Walker for Rozier, Charlotte has received a protected 2020 second-round pick and sent a 2020 second-rounder to Boston. The pick going to the Celtics is coming from the Knicks or Nets through the Magic, tweets Rick Bonnell of The Charlotte Observer. “We’re excited to be able to acquire Terry in this sign-and-trade deal,” Hornets GM Mitch Kupchak said. “He is an up-and-coming player who has shown continued improvement in his four NBA seasons, and we believe he can take that next step as a starting point guard in this league.”

JUNE 30: The Hornets are on track to acquire Celtics RFA point guard Terry Rozier via a sign-and-trade deal, reports Shams Charania of The Athletic (via Twitter). According to Charania, Rozier will get a three-year, $58MM deal, and it will be fully guaranteed (Twitter link).

Rozier will replace longtime Hornets point guard Kemba Walker in Charlotte’s backcourt, with Walker reportedly set to join the Celtics. The Hornets entered the offseason projected to be an over-the-cap team with no room available to make a bid for Rozier, so working out a sign-and-trade with Boston involving Kemba will allow them to add a quality replacement at the point.

Rozier, 25, had a down year in 2018/19 as he struggled with an inconsistent role coming off the bench behind Irving. However, he flashed serious upside down the stretch in 2017/18, averaging 16.5 PPG, 5.7 APG, and 5.3 RPG in 19 playoff games that spring. The Hornets will be counting on him to recapture that form in Charlotte.

As cap expert Albert Nahmad details (via Twitter), the Hornets, Celtics, and Nets may complete a three-way deal involving a handful of signed-and-traded players, with Kyrie Irving headed to Brooklyn. While such a deal could theoretically work financially, the Nets would need to be incentivized to cooperate and help out two conference rivals.

The Hornets will become hard-capped as a result of acquiring Rozier via a sign-and-trade, tweets ESPN’s Bobby Marks. The Celtics would also face a hard cap if they land Walker via sign-and-trade. Both teams would be prohibited from spending beyond the $138,928,000 tax apron during the 2019/20 league year.

If they can acquire Walker without using cap room and remain an over-the-cap team, the Celtics could retain Al Horford‘s Bird rights and could technically bring him back. Chris Mannix of SI.com and Keith Smith of RealGM suggest (via Twitter) that Boston is aggressively exploring avenues to make that work, but Steve Bulpett of The Boston Herald (Twitter link) hears from a source close to Horford that he’s still unlikely to return.

Photo courtesy of USA Today Sports Images.

Kemba Walker Signs Four-Year Deal With Celtics

July 6th, 2019 at 8:18pm CST by Luke Adams

JULY 6: Walker’s new deal with the Celtics is official, according to a tweet from the team. Walker was among the first free agents to commit to his new team when free agency began last Sunday.

JUNE 30, 5:24pm: Walker and the Celtics are formally in agreement on a four-year max deal, tweets Wojnarowski. As we detailed in our story of the Hornets’ agreement with Rozier, Boston is working on adding Kemba via sign-and-trade.

JUNE 30, 2:14pm: Adrian Wojnarowski of ESPN is reporting that while talks remain exploratory in nature, the Celtics have shown interest in a three-team sign-and-trade with Irving, Walker, and Rozier (to the Hornets). Per Woj, the Celtics are interested in having the MLE at their disposal as opposed to the room exception. Woj also adds that the Nets would likely command a first-round pick from Boston for agreeing to a S&T.

JUNE 29, 3:39pm: Free agent point guard Kemba Walker has conveyed to the Hornets that he intends to sign with the Celtics when the NBA’s new league year begins, multiple sources tell Rick Bonnell of The Charlotte Observer (Twitter link).

Boston has been viewed as Walker’s likely landing spot in recent days, having emerged as the frontrunner for the All-NBA point guard earlier in the week.

Kemba intends to sign a four-year, maximum-salary contract (worth a projected $141MM), tweets Shams Charania of The Athletic. He’ll be in Boston on Sunday night to finalize an agreement with the C’s, league sources tell ESPN’s Adrian Wojnarowski (Twitter link).

A three-time All-Star, Walker had perhaps the best year of his NBA carer in 2018/19, establishing a new career-high in PPG (25.6) while also contributing 5.9 APG and 4.4 RPG with a shooting line of .434/.356/.844.

Despite receiving little offensive help in Charlotte, Walker managed to keep the team in the playoff hunt for most of the season, though the Hornets ultimately fell short and finished in the lottery. If Walker had returned to Charlotte, the team would have been up against the luxury tax and would have had a hard time improving its roster around him, so the former UConn star will move on to a potential contender despite the fact that the Hornets could have offered him more money over more years.

Walker will join a Celtics roster that is set to feature Gordon Hayward, Jaylen Brown, Jayson Tatum, and Marcus Smart, so it will be fascinating to see what he can do in Boston without receiving quite as much attention from opposing defenses. The opportunity to play alongside those Celtics veterans and potentially go deep in the playoffs was a key factor in Walker’s decision, a source tells Jeff Goodman of Stadium (Twitter link).

The C’s are expecting to lose Al Horford and, of course, Kyrie Irving, who has been rumored to be focused on Brooklyn. With Walker heading to Boston to replace Irving, the Hornets are scouring the free agent market for possible point guard targets of their own, according to Wojnarowski, who tweets that Elfrid Payton, T.J. McConnell, Ish Smith, and Emmanuel Mudiay are among the options being considered by Charlotte.

Terry Rozier‘s name has also been linked to the Hornets, though it’s unlikely that he’d be a viable option unless Charlotte and Boston can work out some sort of sign-and-trade arrangement, which is a long shot. By withdrawing Rozier’s qualifying offer and renouncing his cap hold, the Celtics will have enough room to sign Walker outright to a max deal, even with Daniel Theis‘ QO still on their books.

In addition to Boston and Charlotte, the Mavericks and Knicks had also been considered potential contenders for Walker.

Photo courtesy of USA Today Sports Images.

Free Agent Rumors: Holiday, Cousins, Burke, More

July 4th, 2019 at 3:58pm CST by Luke Adams

Free agent swingman Justin Holiday has received interest from the Lakers, Clippers, Bulls, Raptors, Pacers, Wizards, Hornets, and Cavaliers, league sources tell Michael Scotto of The Athletic (Twitter link).

Given how quickly most of the top players came off the market, Holiday represents one of the more intriguing options available, given his ability to knock down three-pointers (1.8 3PG on 35.4% shooting over the last three years) and defend on the perimeter.

According to Scotto, the Grizzlies are open to the idea of accommodating a sign-and-trade deal involving Holiday, so a team with interest in him could potentially acquire him using a trade exception if it doesn’t want to cut into its mid-level.

Here’s more on a few NBA free agents:

Wizards interim head of basketball operations Tommy Sheppard briefly spoke with free agent big man DeMarcus Cousins in Las Vegas, according to Candace Buckner of The Washington Post (Twitter link). A previous report indicated there was virtually no chance of Cousins signing with Washington, and Buckner cautions that the conversation was described as small talk, but she still refers to it as an “interesting development.”
The Lakers are in the mix for free agent point guard Trey Burke, according to Marc Berman of The New York Post (Twitter link). Los Angeles still has plenty of roster spots to fill, so it’s not clear how high Burke is on the team’s wish list.
Veteran NBA big man Darrell Arthur, who sat out last season after being waived by Phoenix in October, is considering a comeback and is open to continuing his career overseas, tweets Emiliano Carchia of Sportando.
ESPN’s Tim MacMahon, Marc J. Spears, and Ohm Youngmisuk spoke to coaches, scouts, and executives at the Utah and California Summer Leagues to get their thoughts on free agency so far. Among the highlights: McMahon writes that a number of rival executives and scouts believe the Rockets dodged a bullet by not landing Jimmy Butler.
The Suns have formally renounced their free agent rights to several players, including Dragan Bender, Jamal Crawford, Jimmer Fredette, and Ray Spalding, per RealGM’s transactions log.

Hornets Sign PJ Washington

July 3rd, 2019 at 5:39pm CST by Arthur Hill

First-round pick PJ Washington has signed with the Hornets, according to a press release from the team. The 6’8″ forward out of Kentucky was the 12th player selected in last month’s draft.

Under the NBA’s rookie scale, Washington can make $3,831,840 in his first season, $4,023,600 in his second and $4,215,120 in his third. The actual terms of his deal were not released.

Washington spent two years with the Wildcats and led the team with 15.2 points and 7.5 rebounds per game as a sophomore. He earned first team All-SEC and third team All-America honors this season.

Hornets Waive Tony Parker In Procedural Move

July 2nd, 2019 at 10:38am CST by Luke Adams

The Hornets have waived guard Tony Parker, the team announced today (via Twitter). The move was a procedural one, as Parker formally announced his retirement last month.

When Parker signed with the Hornets last summer, he inked a two-year, $10.25MM contract which included a non-guaranteed salary in year two. By releasing the longtime Spur, Charlotte will avoid having his $5.25MM salary for the 2019/20 season become guaranteed. That would have happened if he had remained under contract through Thursday, per Basketball Insiders.

Technically, this frees up Parker in the event that he decides to make an NBA comeback down the road, but there’s no indication that’s something he’ll consider.

Eastern Notes: Heat, Horford, Knicks, Hornets

July 1st, 2019 at 2:59pm CST by Luke Adams

The Heat have engaged the Wizards in trade discussions, a source in contact with one of the teams tells Barry Jackson of The Miami Herald (Twitter link). Jackson notes that Miami “loves” Bradley Beal, but acknowledges that Washington has repeatedly indicated it has no plans to move its star shooting guard. Even if the Wizards were willing to discuss Beal, the Heat’s limited assets and difficult cap situation would make it “highly challenging” to put together a realistic deal, Jackson adds.

In other Heat trade news, the proposed deal with the Mavericks that appeared to be nearing completion on Sunday now looks dead. It won’t receive the same scrutiny or mockery that the in-season Dillon Brooks/MarShon Brooks mix-up involving the Wizards, Grizzlies, and Suns did, given everything else that’s going on this week, but the Mavs/Heat deal apparently also fell apart due to a miscommunication — Miami was certain that Goran Dragic was involved, while Dallas thought it was acquiring Kelly Olynyk and Derrick Jones, as Tim Cato of The Athletic details.

Here’s more from around the Eastern Conference:

A source tells Mark Murphy of The Boston Herald that Al Horford‘s decision to sign with the Sixers was partly about money, but also about the opportunity to play alongside a star center. Horford has “always been uncomfortable in a traditional center’s role,” Murphy writes.
Multiple league executives questioned why the Knicks used their cap room to sign a collection of non-stars rather than trying to take on bad contracts to add future assets, writes Mike Vorkunov of The Athletic.
Hornets owner Michael Jordan issued a statement today bidding farewell to Kemba Walker and thanking him for “eight incredible seasons with our franchise” (link via JD Shaw of Hoops Rumors). “He always represented the Hornets, the NBA, and the city of Charlotte with class – both on the court and in the community – and we are disappointed he is leaving,” Jordan said.

Free Agent Rumors: Randle, Gibson, Bullock, Bulls

June 29th, 2019 at 4:57pm CST by Arthur Hill

The Kings will be among the teams in pursuit of Pelicans forward Julius Randle, tweets Jordan Schultz of ESPN. He cites the Nets, Knicks and Bulls as other expected suitors.

Randle, 24, had a career-best season after signing a one-year deal with New Orleans last summer. He averaged 21.4 points and 8.7 rebounds in 73 games while shooting 52% from the field. He also improved as a long-distance shooter, hitting 34% of his shots from 3-point range.

Here are more rumors as we move to within 24 hours of the start of free agency:

The Timberwolves will have plenty of competition for Taj Gibson, according to Darren Wolfson of 5 Eyewitness News, who lists the Clippers, Nets, Bucks, Bulls, Warriors, Raptors, Trail Blazers, Hornets and Lakers as having interest in the veteran forward (Twitter link). Gibson has averaged 11.5 PPG and 6.9 RPG during his two years in Minnesota.
There’s mutual interest between the Knicks and shooting specialist Reggie Bullock, according to Ian Begley of SNY.TV. Bullock averaged 11.3 points per game while splitting last season between the Pistons and Lakers.
The Bulls are looking for a point guard, but want to limit the contract to two years, reports K.C. Johnson of The Chicago Tribune. That may take them out of the running for Malcolm Brogdon or Patrick Beverley, Johnson notes, but he cites other options such as Cory Joseph, Tyus Jones and George Hill who might be willing to accept a shorter contract. The Bulls are counting on first-round pick Coby White to take over the position within two years and want the free agent’s contract to expire in the summer of 2021 at the same time as Otto Porter‘s and Cristiano Felicio‘s.