Charlotte Hornets Rumors | Hoops Rumors

Contract Details: Mykhailiuk, Harrison, Washington, More

September 5th, 2023 at 3:15pm CST by Luke Adams

The contract that Svi Mykhailiuk signed with the Celtics is a one-year, minimum-salary deal that is partially guaranteed for $200K, Hoops Rumors has learned. If Mykhailiuk remains under contract through at least the start of the regular season, his partial guarantee would increase to 50% of his $2,346,614 salary, which works out to $1,173,307. He’d be assured of his full salary for 2023/24 if he isn’t waived on or before January 7.

Here are more details on a few recently signed contracts:

Shaquille Harrison‘s contract with the Grizzlies is a non-guaranteed Exhibit 10 deal, Hoops Rumors has learned. While there has been some speculation that Harrison could fill the extra roster spot Memphis will create after the first five games of the season (when Ja Morant can be moved to the suspended list), he seems unlikely to make the opening-night roster. So if the Grizzlies want to have him fill that spot, Harrison would likely be waived and then re-signed.
As previously reported, P.J. Washington‘s contract with the Hornets is worth exactly $46.5MM, with $1.5MM in total incentives ($500K per year). It’s fully guaranteed with no options. Since his bonuses are considered unlikely, Washington’s first-year cap hit is $16,847,826; he’ll make a base salary of $15.5MM in year two and $14,152,174 in year three.
The two-way contracts recently signed by GG Jackson (Grizzlies) and TyTy Washington (Bucks) are each just for one year, so both players will be eligible for restricted free agency in 2024.

And-Ones: Executives, Value Deals, Super-Max, Milestones

September 1st, 2023 at 10:03pm CST by Rory Maher

Ben Rohrbach of Yahoo Sports recently ranked 25 of the NBA’s top decision-makers in terms of how successful they’ve been at drafting, making trades, and signing free agents over the course of their respective careers. The other five lead executives were not evaluated due to a small sample size.

As Rohrbach writes, with how his system is set up, having a high score over a long career is more impressive than an executive who performed similarly with fewer years of experience. Still, there’s an obvious caveat: his evaluation process is subjective.

Mavericks general manager Nico Harrison is ranked No. 25, followed by Hornets president of basketball operations Mitch Kupchak and Bulls executive VP of basketball operations Arturas Karnisovas. The top three executives in Rohrbach’s system are Jazz CEO Danny Ainge (No. 1), Raptors president Masai Ujiri, and Spurs GM Brian Wright.

Here’s more from around the basketball world:

Yossi Gozlan of HoopsHype created three all-contract-value teams comprised of players at each of the five positions. Players on rookie deals and those with maximum salaries were excluded from consideration. Gozlan’s first team features four members of the United States’ World Cup roster — Jalen Brunson, Austin Reaves, Mikal Bridges and Jaren Jackson Jr. Cavaliers center Jarrett Allen takes the final spot.
Signing players to a Designated Veteran contract, also known as the “super-max,” is a polarizing topic among NBA executives, according to Steve Bulpett of Heavy.com. “Super-max isn’t a guarantee of the result you’re looking for,” one general manager told Heavy Sports. “Just because you qualify doesn’t make you that guy. Inflated contracts are even harder to move. The additional penalties in the new CBA should slow the roll of everybody giving out a super-max deal the first time a guy qualifies for it. Just because a guy qualifies for it doesn’t necessarily make him entitled to it. That’s become the issue in the league. If you’re going to call yourself a franchise-level player, which is what I think the super-max number says, you’ve got to have more than just putting up numbers.”
ESPN.com lists some noteworthy milestones and anniversaries to watch for the 2023/24 season, noting that Lakers superstar LeBron James is on track to surpass 40,000 career points if he maintains his stellar production and stays healthy. James became the league’s all-time leading scorer last season.

Checking In On Unsigned 2023 Draft Picks

September 1st, 2023 at 9:01am CST by Luke Adams

When he signed a two-way contract with the Grizzlies on Thursday, No. 45 pick overall pick GG Jackson became the 54th player selected in the 2023 draft to sign with his NBA team. Two of the 60 picks in this year’s draft were forfeited, which means there are just four players who have yet to sign NBA contracts.

As our tracker shows, those players are as follows:

Charlotte Hornets: James Nnaji, C
Washington Wizards: Tristan Vukcevic, F
Indiana Pacers: Mojave King, G
Memphis Grizzlies: Tarik Biberovic, G/F

It seems safe to assume we won’t see King and Biberovic in the NBA this season. Reports during or shortly after the draft indicated that they’ll be draft-and-stash prospects who will continue to hone their skills in international leagues while the Pacers and Grizzlies, respectively, control their NBA rights.

It’s possible that Nnaji and Vukcevic will take a similar path, but that has not yet been confirmed.

Speaking in July to Tony Canyameras of Mundo Deportivo (translation via Eurohoops), Nnaji said his expectation at that point was that he’d spend another season in Europe with FC Barcelona, but his future remained up in the air.

“We have to see how everything goes. The circumstances depend on what happens in the Summer League. But for now, I would say yes,” Nnaji said of returning to Barcelona.

The Hornets currently only have 13 players on guaranteed salaries for 2023/24, so they’d have room on their roster to add Nnaji if they want to.

But Frank Ntilikina, who has a $200K partial guarantee, looks like a good bet to be the 14th man, while JT Thor (non-guaranteed contract) and Theo Maledon (two-way RFA) are candidates for the 15th spot. So Charlotte has options and may prefer to wait a year on the 19-year-old Nnaji, who could use another developmental season in Spain.

As for Vukcevic, Christos Tsaltas of Sportal.gr (Twitter link) reported in mid-August that there’s a “strong possibility” the 42nd overall pick will remain with overseas for 2023/24. He’s under contract with Partizan Belgrade, though there were rumors in July that the Serbian club was considering loaning him to Greek team Peristeri BC.

Like Nnaji, Vukcevic isn’t locked into a plan for next season yet, but it would make sense for the 20-year-old to spend at least one more season in Europe, despite his desire to come stateside right away. The Wizards currently have 16 players on guaranteed contracts, so their standard roster is already pretty crowded. And they wouldn’t be permitted to sign him to a two-way deal if they were to buy him out from Partizan.

We’ll wait for further clarity on the plans for Nnaji and Vukcevic, but it’s possible that Jackson’s deal with the Grizzlies will be the last contract signed by a 2023 NBA draft pick before the ’23/24 season begins.

Hornets Waive Kobi Simmons

August 31st, 2023 at 5:07pm CST by Tristan Tucker

The Hornets have waived guard Kobi Simmons, according to a team press release.

Simmons, 26, signed a two-way contract with the Hornets in March after spending most of the season with the team’s G League affiliate, the Greensboro Swarm. The former Arizona guard then saw his two-way contract converted into a standard deal in April. His minimum salary for ’23/24 was fully non-guaranteed.

Simmons averaged 19.2 points, 4.5 assists and 4.3 rebounds in 46 regular season and Showcase Cup games for the Swarm in 2022/23, shooting 38.1% from deep. Last season was actually Simmons’ third playing for the Swarm. However, Simmons only made five NBA appearances in ’22/23, scoring just five total points in that span of time.

Simmons is a seasoned G League veteran, having played in 159 games in the NBA’s developmental league since going undrafted in 2017. The 6’5″ guard began his career with the Grizzlies on a two-way deal back in the ’17/18 season, averaging 6.1 points in 32 games (12 starts) with Memphis. However, the Grizzlies cut ties with him following the season.

The next year, in ’17/18, the Cavaliers signed Simmons to a 10-day contract and he appeared in a single game, but he didn’t stick around in Cleveland. After that, Simmons played for the Swarm in three of the next four seasons before landing his two-way deal with the team.

After signing P.J. Washington to a deal, Charlotte’s roster quickly became crowded. Having cut Simmons, Charlotte is down to 15 players on standard contracts (JT Thor and Frank Ntilikina have non-guaranteed or partially guaranteed deals). The Hornets also have two players on two-way deals (Leaky Black and Amari Bailey) and four more who are reportedly joining the team for training camp (R.J. Hunter, Angelo Allegri, Nathan Mensah and Tre Scott).

The team drafted James Nnaji with the No. 31 overall pick this year but he has yet to sign and may be stashed. Theo Maledon remains a two-way restricted free agent.

Southeast Notes: Jovic, Washington, Hornets’ Affiliate

August 30th, 2023 at 10:07pm CST by Rory Maher

Heat forward Nikola Jovic didn’t get to play much during his rookie season in 2022/23, but he’s been making his mark at the 2023 World Cup, Ira Winderman writes in a pair of stories for The South Florida Sun Sentinel.

Competing for the Serbian national team, which went 3-0 in its group and advanced to the second round, Jovic had a solid if unspectacular first game, putting up nine points (on 3-of-6 shooting), three rebounds and two assists in 24 minutes against China.

On Monday against Puerto Rico, the 2022 first-round pick recorded a game-high 17 points (tied with teammate Bogdan Bogdanovic) on just nine field goal attempts. He also recorded four assists and three rebounds in 24 minutes.

Jovic followed up that strong performance with a perfect game on Wednesday against South Sudan, once again leading the contest with 25 points while shooting 9-of-9 from the field, to go along with three assists and two rebounds in 27 minutes.

Overall, the 20-year-old has averaged 17.0 PPG, 3.0 APG and 2.7 RPG with a scorching-hot .750/.667/.778 shooting line thus far. He has yet to commit a turnover in his 75 minutes on the court.

Here’s more from the Southeast:

Former first-round pick Nikola Milutinov, whose draft rights are held by the Nets, praised his Serbian teammate after defeating South Sudan, per Cesare Milanti of Eurohoops.net. “He’s playing amazing, he’s a great part of our team and has a bright future,” Milutinov said of the Heat‘s Nikola Jovic. Serbia faces Italy on Friday and the Domnican Republic on Sunday.
P.J. Washington‘s new contract with the Hornets features a declining structure, according to ESPN’s Bobby Marks, who reports (via Twitter) that Washington will earn base salaries of $16.8MM, $15.5MM and $14.2MM over the next three years. The 25-year-old also has $500K in annual incentives, which are currently considered unlikely. Washington needs to play at least 74 games and 2,400 minutes to achieve the bonus in each season, Marks adds. Washington played a career-high 73 games for 2,380 total minutes last season.
The Hornets‘ NBA G League affiliate, the Greensboro Swarm, has retained head coach Jordan Surenkamp for a third season, but the Swarm have a new general manager, per a team press release. Taking over GM duties is Cole Teal, who acted as manager of basketball operations and player development last season. Cole is replacing Cam Twiss, who is now a pro scout for Charlotte.

Hornets Sign P.J. Washington To Three-Year Contract

August 29th, 2023 at 3:36pm CST by Tristan Tucker

AUGUST 29: The Hornets have officially re-signed Washington, per NBA.com’s transaction log.

AUGUST 26: Restricted free agent forward P.J. Washington has agreed on a new three-year, $48MM deal to stay with the Hornets, LIFT Sports Management agent Kevin Bradbury and Washington Sports Group’s Paul Washington Sr. tell ESPN’s Adrian Wojnarowski (Twitter link).

Washington was the only standard unsigned restricted free agent this summer and one of the most prominent available names in all of free agency, ranking 11th on our top-50 list.

There was some concern earlier in the offseason that Washington and the Hornets wouldn’t be able to come to terms on an agreement. Forward Miles Bridges and Charlotte didn’t agree on a long-term deal and he ended up signing his qualifying offer, putting himself on track for unrestricted free agency next year. Washington was believed to have been considering a similar route.

Other teams, such as the Cavaliers, were also monitoring the Washington situation. Now, the Hornets will bring back the 25-year-old on a three-year deal that pays $16MM annually.

Washington is an integral part of the Hornets’ promising young core that includes LaMelo Ball, 2023 No. 2 overall pick Brandon Miller, Mark Williams and more. The Kentucky product averaged a career-high 15.7 points per game last season. The Hornets drafted Washington with the No. 12 overall pick in 2019 and he started 73 games for Charlotte last year.

The Washington signing will give the Hornets a packed roster. He’ll be the 13th Charlotte player on a guaranteed deal, with JT Thor, Kobi Simmons and Frank Ntilikina all signed to non-guaranteed or partially guaranteed contracts.

James Nnaji, the No. 31 overall pick in 2023, hasn’t officially signed (though he may be stashed). The Hornets also have two players on two-way deals (Leaky Black and Amari Bailey), and Angelo Allegri, Tre Scott, Nathan Mensah and R.J. Hunter are all reportedly joining the Hornets on training camp deals. So while Charlotte has some flexibility, there are more moves to come from the Queen City.

Washington Talks Heated Up Over Past Week

August 28th, 2023 at 8:46pm CST by Dana Gauruder

Hornets restricted free agent P.J. Washington was in limbo most of the summer until agreeing to a three-year, $48MM contract over the weekend. Talks were stagnant for more than a month, according to Roderick Boone of the Charlotte Observer, until heating up over the past week after the 2023/24 schedule was released. Washington could have signed a qualifying offer and headed to unrestricted free agency next summer but instead decided to play it safe and get the security of a three-year deal.

NBA Teams With Fewest Players On Guaranteed Contracts

August 23rd, 2023 at 2:57pm CST by Luke Adams

As of Wednesday, 11 of the NBA’s 30 teams are carrying at least 15 players on guaranteed contracts and are unlikely to have many additional offseason acquisitions in store. Another 11 teams are carrying either 13 or 14 players on guaranteed deals.

As our roster counts page shows, that leaves eight clubs carrying 12 or fewer players on fully guaranteed deals. That doesn’t necessarily mean that all eight of those teams will sign free agents to guaranteed contracts before the regular season begins, but it’s worth checking in on them to take a closer look at their roster situations.

Boston Celtics

The only team with just 11 players on fully guaranteed contracts, the Celtics are also carrying Dalano Banton and Luke Kornet on partially guaranteed or non-guaranteed deals. Banton and Kornet seem like good bets to make the 15-man regular season roster, but Boston would still have to add a 14th man for opening night.

Based on recent reports, it sounds like the Celtics are eyeing forwards and wings for that 14th spot, with T.J. Warren, Lamar Stevens, and Louis King among the free agents working out for the club.

Charlotte Hornets

Although they only have 12 players on fully guaranteed contracts, the Hornets have no shortage of candidates for their final two or three roster spots. P.J. Washington is a restricted free agent and still seems more likely to return than to head elsewhere — he would take the 13th slot.

Charlotte also has Frank Ntilikina, Kobi Simmons, and JT Thor on partially guaranteed or non-guaranteed salaries, with Theo Maledon still a two-way restricted free agent. So even if No. 31 overall pick James Nnaji becomes a draft-and-stash player and doesn’t sign an NBA contract immediately, the Hornets have plenty of options to fill out their roster without making outside additions.

Cleveland Cavaliers

The Cavaliers have 12 guaranteed contracts on their books, with Sam Merrill on a non-guaranteed minimum deal as their 13th man. Cleveland is a safe bet to make at least one more free agent addition — the club is said to be on the lookout for solid veteran depth, without a specific position in mind. The Cavs will likely wait out the market and see which of the top remaining free agents are willing to accept minimum-salary offers.

Houston Rockets

Although the Rockets only have 12 players on fully guaranteed contracts, Aaron Holiday – whose partial guarantee exceeds $1MM – will likely make the roster as a 13th man. Houston still has a good deal of room to maneuver below the luxury tax line and could easily add two more players without any financial concerns.

Perhaps one of the team’s four Exhibit 10 players or three two-way players will earn a promotion with a strong preseason, but it’s still worth keeping an eye on the Rockets to see if they have one more move up their sleeves in free agency or on the trade market.

Miami Heat

The Heat have a full 21-man offseason roster, but only 12 of those players have guaranteed standard contracts.

Orlando Robinson, who has a small partial guarantee, should make the 15-man roster, and two-way player Jamal Cain is a candidate to be converted to a standard deal, but Miami has more ambitious targets in mind. If the Heat make a trade for Damian Lillard, they’ll likely send out more players than they take back and could fill out their roster with veteran free agents.

New York Knicks

Even with Jericho Sims‘ salary for 2023/24 now fully guaranteed, the Knicks have just 12 players on guaranteed contracts. Isaiah Roby, DaQuan Jeffries, and Duane Washington are in the mix for 15-man roster spots on their non-guaranteed deals.

New York also has a pair of two-way players – Nathan Knight and Dylan Windler – with multiple years of NBA experience, so they may be candidates for promotions. The Knicks are likely keeping their options open for possible Evan Fournier trades too, recognizing that they could potentially use his pseudo-expiring $18.9MM contract to take back two or three players in a trade.

Portland Trail Blazers

Like the Heat, the Trail Blazers are in a bit of a holding pattern while they wait to see how the Lillard situation plays out. For now, they have 12 players on guaranteed contracts, with Moses Brown on a partially guaranteed deal. But if they end up acquiring, say, three players in exchange for Lillard, their projected 15-man roster will fill up in a hurry.

Utah Jazz

Of all the teams listed in this article, the Jazz may have the fewest roster decisions to make before the season. In addition to their 12 players on guaranteed salaries, they’re carrying Kris Dunn, Omer Yurtseven, and Luka Samanic on partially guaranteed or non-guaranteed contracts. Utah may simply hang onto those three players and set its 15-man regular season roster without any further tweaks.

Hoops Rumors Community Shootaround: Hornets’ Offseason

August 20th, 2023 at 7:08pm CST by Dana Gauruder

The Hornets had a 27-55 record last season, 16 fewer victories than the previous season, but they’ve been relatively quiet this summer.

Perhaps the biggest news to come out of Charlotte this offseason was Michael Jordan’s decision to sell his majority stake in the team. The roster looks much like it did at the end of last year.

The most significant developments were signing LaMelo Ball to a five-year max extension and getting the No. 2 pick in the draft. The Hornets used the No. 2 selection on Brandon Miller, who will likely jump right into the starting lineup at one of the forward spots.

Miles Bridges, who missed all of last season due to legal issues, accepted his qualifying offer as he tries to rebuild his value en route to becoming an unrestricted free agent next summer. Bridges and Miller could form the starting forward duo, though Gordon Hayward and P.J. Washington may have something to say about that. Shoulder, hamstring and ankle injuries limited Hayward to 50 games last season but he started every game he was in uniform.

Washington remains a restricted free agent, though it appears the most likely outcome is that he also accepts his qualifying offer or works out a new deal with the Hornets.

Terry Rozier and Cody Martin — limited to seven games last season due to knee issues — are 1-2 on the depth chart at shooting guard, though Bridges could see some time there. Everything revolves around Ball and the Hornets will be much more dangerous if he can stay on the court. The star point guard was limited to 36 games last season. Nick Smith Jr, the team’s other first-round pick, could emerge as his backup.

That leads us to today’s topic: What do you think of the Hornets’ offseason? With the return of Bridges and the addition of No. 2 overall pick Miller, are they a playoff team this upcoming season? Or are they destined for another trip to the lottery?

Please take to the comments section to weigh in on this topic. We look forward to your input.

Hornets, Tre Scott Agree To Exhibit 10 Contract

August 17th, 2023 at 3:00pm CST by Rory Maher

The Hornets are signing free agent forward Tre Scott to an Exhibit 10 contract, according to Michael Scotto of HoopsHype (Twitter link).

Scott, who went undrafted out of Cincinnati in 2020, signed with French club Fos Provence Basket last summer. However, after he struggled to find success overseas, averaging modest totals of 7.0 PPG and 3.8 RPG on a poor .381/.169/.784 shooting line in 21 LNB Pro A games (20.1 MPG), the 26-year-old returned stateside and finished out 2022/23 with the Greensboro Swarm, Charlotte’s NBA G League affiliate.

The 6’8″ forward played much better with the Swarm, averaging 17.4 PPG, 6.9 RPG and 2.8 APG on .538/.340/1.000 shooting in 10 regular season games (34.5 MPG). Scott spent most of his first two professional seasons in the NBAGL, playing for the Salt Lake City Stars, the Agua Caliente Clippers of Ontario, and the Cleveland Charge.

Scott also made a brief NBA appearance with the Cavaliers during the COVID-19 outbreak in December 2021. He signed a 10-day hardship contract and got in two games, scoring six points and grabbing a couple rebounds in 11 total minutes of action.

The most likely outcome is that Scott will be waived by the Hornets before the 2023/24 season begins. In that scenario, he could receive a bonus worth up to $75K if he spends at least 60 days with the Swarm.

The Hornets have a lot of roster uncertainty at the moment. While they only have 12 players on guaranteed standard contracts and a pair on two-way deals, they also have three players on non-guaranteed deals (JT Thor, Kobi Simmons, and Frank Ntilikina), an unsigned draft pick (James Nnaji) and a pair of restricted free agents (P.J. Washington, Theo Maledon) who have yet to sign new contracts.