Charlotte Hornets Rumors | Hoops Rumors

Cavaliers Continue To Eye Free Agent Market

July 16th, 2023 at 9:41am CST by Luke Adams

The Cavaliers remain interested in adding at least one more free agent to their roster before training camp, sources tell Chris Fedor of Cleveland.com (subscriber link). According to Fedor, the team isn’t targeting any specific position and is simply focused on “playable depth.”

As Fedor outlines, the Cavaliers currently have 12 players on guaranteed contracts, plus Sam Merrill on a non-guaranteed deal. The club has about $3MM in breathing room below the luxury tax line and has no interest in becoming a taxpayer, so the 15th roster spot will probably remain open to start the season. In all likelihood, the Cavs would add one more player on a minimum-salary contract (or two, if Merrill is cut) in order to set the regular season roster.

Sources tell Fedor that Cleveland has registered interest in some of the top unrestricted free agents still available on the open market, including forward Kelly Oubre and center Christian Wood. Oubre was viewed as the Cavs’ Plan B if they hadn’t been able to land Max Strus via sign-and-trade, Fedor adds.

Fedor also mentions restricted free agent P.J. Washington, noting that the Cavs might have enough expendable salary (starting with Ricky Rubio and Dean Wade) to build a sign-and-trade package for the Hornets forward. However, I don’t see a scenario in which Cleveland could put together an offer that appeals to Charlotte, pays Washington the sort of money he’s seeking, and keeps the Cavs out of the tax.

Cleveland’s next signing will probably be a “minor” one, Fedor acknowledges, with the team looking to land a “cheaper-than-expected” rotation player at the veteran’s minimum like Golden State did with Dario Saric.

Scotto’s Latest: Suns, Pacers, Knicks, Wright, Hornets, More

July 15th, 2023 at 2:32pm CST by Rory Maher

The Suns, Pacers and Knicks recently had exploratory trade talks on a deal that would have sent Cameron Payne to New York, T.J. McConnell to Phoenix, and Evan Fournier and draft picks to Indiana, league sources tell Michael Scotto of HoopsHype. Other iterations of the deal included Jordan Nwora, according to Scotto, though it’s unclear where the Pacers forward would have ended up in that framework.

However, the talks on the three-team trade have stalled, Scotto reports. Jake Fischer of Yahoo Sports was first to report the Suns and Pacers discussed a deal involving Payne and McConnell, and suggested the Knicks may have been involved as well.

Here’s more from Scotto’s latest article for HoopsHype:

League sources tell Scotto that the Hornets are on the hunt for a backup point guard after Dennis Smith Jr. signed with the Nets in free agency. As Scotto previously reported, Charlotte had interest in Aaron Holiday, but he wound up signing with the Rockets. According to Scotto, one player on Charlotte’s radar is Wizards guard Delon Wright, who will make $8.2MM next season in the final year of his contract. The Wizards traded for Tyus Jones and Jordan Poole, and Wright was signed by the previous front office regime. The 31-year-old has already seen his name pop up in a few other trade rumors this offseason.
Scotto recently spoke to a handful of second-round picks at Summer League about their goals entering their rookie seasons. Those players are Nuggets guard Jalen Pickett, Celtics forward Jordan Walsh, and Mouhamed Gueye and Seth Lundy of the Hawks. Walsh, the No. 38 pick of the 2023 draft, has high expectations for himself, he told Scotto. “If I get a chance to play with these guys and help the team, I want to be on the All-Defensive First or Second Team or Defensive Player of the Year,” Walsh said. “My goals are defensively oriented and winning a championship, which is No. 1. If I’m able to accomplish any of those things, I’d feel my rookie year went pretty well.”
In case you missed it, we passed along some Raptors rumors and free agent rumors from Scotto as well.

Free Agent Rumors: Oubre, Jones, Brooks, Smith, Giles

July 15th, 2023 at 1:43pm CST by Rory Maher

The Mavericks are actively looking to improve their roster and have shown “exploratory interest in several free agent forwards,” including veterans Kelly Oubre and Derrick Jones Jr., league sources tell Michael Scotto of HoopsHype.

Although Dallas technically still has a good chunk of its full mid-level exception available, the team has yet to sign first-rounder Olivier-Maxence Prosper, and once that occurs the Mavs will be pretty close to the luxury tax line. They do have an open standard roster spot and could offer a free agent more money than the veteran’s minimum, but not much more unless other moves are made.

On a related note, Scotto confirms that the Mavs continue to shop Tim Hardaway Jr. and JaVale McGee in trade talks. Recent rumors have indicated Dallas tried to package Hardaway and McGee to the Pistons for Bojan Bogdanovic and Killian Hayes.

Scotto hears Detroit was looking for “essentially two first-round picks” in exchange for Bogdanovic last season, though Hayes could available with a glut of guards on the Pistons’ roster.

Here are more free agent rumors from Scotto:

Free agent guard Armoni Brooks, who has been playing well for the Nets in Summer League, could be a candidate for a two-way deal from Brooklyn, according to Scotto. However, if that doesn’t transpire, the 25-year-old has also drawn interest from “multiple EuroLeague teams,” Scotto reports. Brooks holds two years of NBA experience with the Rockets and Raptors. He played for Atlanta’s G League affiliate, the College Park Skyhawks, in 2022/23.
League sources tell Scotto that the Hornets offered Dennis Smith Jr. more than the veteran’s minimum to return to Charlotte, but the Nets reached out to the point guard right after free agency opened and he saw an opportunity for more playing time in Brooklyn. The fact that he was a priority for the Nets also appealed to the former lottery pick, says Scotto.
The Pistons, Cavaliers, Knicks and Bucks were among the teams who watched Harry Giles‘ recent workout in Las Vegas, sources tell Scotto. Darren Wolfson of 5 Eyewitness News recently reported that members of the Timberwolves attended as well, which Scotto confirms. A former first-round pick, Giles has been out of the league the past two seasons after playing with the Kings and Trail Blazers from 2018-21. Still just 25 years old, Giles recently discussed his attempt to make it back into the NBA.

Eight 2023 Draft Picks Have Yet To Sign NBA Contracts

July 15th, 2023 at 7:49am CST by Luke Adams

Of the 58 players who were selected in last month’s draft, 50 have signed their first NBA contracts during the first two weeks they’ve been permitted to do so.

As our tracker shows, the breakdown is as follows:

First-round picks signed using the rookie scale exception: 29
Second-round picks signed using the new second-round pick exception: 13
- Note: Of these 13 players, 12 received four-year contracts, while one (Rayan Rupert) signed a three-year deal.
Second-round picks signed to two-way contracts: 8

That leaves eight players from the 2023 draft class who have yet to sign with their respective NBA teams. Those players are as follows:

Olivier-Maxence Prosper, Mavericks
James Nnaji, Hornets
Tristan Vukcevic, Wizards
Sidy Cissoko, Spurs
G.G. Jackson, Grizzlies
Mojave King, Pacers
Jordan Miller, Clippers
Tarik Biberovic, Grizzlies

Not all of these players will sign an NBA contract in 2023/24. King and Biberovic are each expected to spend at least one season playing overseas before coming stateside. Vukcevic is another candidate to become a draft-and-stash prospect.

It’s also unclear whether the Hornets plan to sign Nnaji right away or let the 18-year-old big man continue developing his game in Europe. For now, Charlotte only has 12 players on guaranteed contracts for 2023/24, but depending on which restricted free agents (P.J. Washington, Theo Maledon) and players on non-guaranteed deals (JT Thor, Kobi Simmons) return, there might not be a spot for Nnaji, who remains under contract with FC Barcelona and – as a No. 31 overall pick who would require an international buyout – wouldn’t be a candidate for a two-way deal.

Prosper is the only unsigned first-rounder in this year’s class, but the delay doesn’t seem like anything to worry about. The Mavericks, who continued this past week to explore the trade market and consider how to fill out their roster, have taken their time getting around to signing a handful of players, with deals for free agents like Seth Curry and Dante Exum only becoming official on Friday. I’d expect Prosper’s contract to be finalized soon.

That leaves Cissoko, Jackson, and Miller, each of whom look like candidates to receive two-way contracts. Some of the other players drafted in their range, including No. 41 pick Amari Bailey and No. 46 pick Seth Lundy, have received two-way deals, and the Spurs, Grizzlies, and Clippers all have roster logjams, meaning there may not be room on their 15-man rosters for their unsigned second-rounders.

The Spurs will have 17 players on standard contracts once they officially re-sign Tre Jones and Sandro Mamukelashvili. The Grizzlies also have 17 players under contract and would have a full 15-man roster even if they trade or waive Josh Christopher and Isaiah Todd. The Clippers have 16 players on standard contracts (15 guaranteed). However, all three teams have at least one two-way slot available.

Hornets Sign Amari Bailey To Two-Way Contract

July 14th, 2023 at 1:34pm CST by Luke Adams

The Hornets have officially signed second-round pick Amari Bailey to a two-way contract, the team announced today in a press release.

A one-and-done college player, Bailey spent his lone NCAA season at UCLA, averaging 11.2 points, 3.8 rebounds, and 2.2 assists in 26.9 minutes per game (30 contests) before declaring for the NBA draft as an early entrant.

The 6’5″ shooting guard was the 41st overall pick last month, drafted by the Hornets with a pick they acquired from Oklahoma City. Of the eight players selected in the 2023 draft who have officially signed two-way deals in the last two weeks, none were picked higher than Bailey.

[RELATED: 2023 NBA Draft Pick Signings]

Bailey’s two-way contract will pay him just shy of $560K (half of the rookie minimum) and will allow him to be active for up to 50 regular season games as a rookie. The 19-year-old will likely see plenty of action with the Greensboro Swarm, Charlotte’s G League affiliate.

The Hornets now have 14 players on standard contracts and a pair on two-way deals, with Leaky Black also expected to join the team on a two-way pact.

However, there will likely be more roster shuffling to come, given that P.J. Washington and Theo Maledon are still restricted free agents, No. 31 pick James Nnaji remains unsigned, and JT Thor and Kobi Simmons are on non-guaranteed contracts.

Fischer’s Latest: Washington, Stewart, Hornets, Herro

July 14th, 2023 at 10:51am CST by Luke Adams

After Miles Bridges put himself on track for unrestricted free agency in 2024 by accepting his qualifying offer as a restricted free agent last week, the Hornets will probably want to avoid putting P.J. Washington on a similar path, writes Jake Fischer of Yahoo Sports. However, it remains to be seen whether the Hornets and Washington will be able to find common ground on a multiyear deal.

According to Fischer, coming into Summer League, league personnel believed that Washington and the Hornets remained far apart in their discussions on a four-year contract, though there was some optimism they’d come to terms after Summer League.

Marc Stein has reported that Washington is seeking $18MM+ annually, while Fischer previously suggested that the Charlotte forward may be looking for $20MM per year. In his latest article, Fischer says Washington still hasn’t received an offer from the Hornets that matches or exceeds what Isaiah Stewart got on his new extension with Detroit ($15MM in guaranteed money per year; up to $16MM annually with incentives).

Because teams around the NBA are essentially limited to mid-level money at this point, a sign-and-trade would be necessary to get Washington his desired salary from a non-Hornets team. While it’s not clear whether there’s a club out there with serious interest in such a scenario, Fischer says Charlotte would probably prefer a sign-and-trade over Washington accepting his qualifying offer.

Here’s more from Fischer:

Before he signed his extension, Stewart had generated more trade inquiries in 2023 than any player on the Pistons‘ roster besides Cade Cunningham, sources tell Fischer. The fact that the big man signed a rookie scale extension so early in the offseason indicates that he’s not going anywhere anytime soon.
With the Hornets undergoing an ownership change, there’s a sense in league circles that president of basketball operations Mitch Kupchak and head coach Steve Clifford could be on the hot seat in 2023/24, Fischer writes. Even if the Hornets’ new owners aren’t eager to make an immediate change, Kupchak and Clifford are each entering the final guaranteed year of their respective contracts, Fischer notes, so next offseason might be a logical time to shake things up anyway.
According to Fischer, league personnel are optimistic that if Tyler Herro is included in a Damian Lillard trade with the Heat, the Trail Blazers will be able to flip Herro to a third team for at least a first-round pick.
In case you missed it, we passed along several notes and rumors from Fischer on Wednesday.

Hornets Notes: Washington, Bouknight, Nnaji, Smith

July 10th, 2023 at 11:59am CST by Arthur Hill

P.J. Washington is willing to consider accepting his qualifying offer if he can’t reach an agreement on a new contract with the Hornets, sources tell Sean Deveney of Heavy.com. Some progress has been made in negotiations, according to Deveney’s sources, but the team still hasn’t offered a number that would convince Washington to commit to a long-term deal. Accepting the $8.5MM QO would make him an unrestricted free agent in 2024.

Washington is the best player on our list of the top 50 free agents who remains unsigned. He reclaimed his role as a full-time starter last season and averaged a career-best 15.7 PPG in 73 games.

Teammate Miles Bridges accepted his $7.9MM qualifying offer after originally seeking a new deal starting at $20MM per season, so the Hornets could have more money than expected to offer Washington, Deveney adds. Charlotte might be reluctant to have both Washington and Bridges on the open market next summer, and Deveney points out that the new ownership group may also work in Washington’s favor.

There’s more on the Hornets:

James Bouknight has been spending a lot of time in the weight room as he tries to earn a spot in the team’s rotation, writes Roderick Boone of The Charlotte Observer. Bouknight was a lottery pick in 2021, but he h as only played in 65 combined games during his first two seasons. He hopes to impress the coaching staff with his approach to the game during Summer League. “I’m not going out there and trying to score 20 points, 30 points,” Bouknight said. “I’m just going out there and working on the stuff that we need to use during the season. Continue to be in the right spots on defense — whether it’s making the right pass, making the right decision. Just working on what we need during the year.”
James Nnaji‘s debut was delayed while he awaited his international clearance from FIBA, Boone adds. The second-round pick missed Charlotte’s first three practices and its first game at the California Classic while waiting for the clearance to be approved. “It was frustrating because I thought FIBA could write it and give it right away,” Nnaji said. “But they were delayed the whole time, and it was out of my control.”
The Hornets feel fortunate that they were able to grab Nick Smith Jr. with the 27th pick after concerns about his knees caused him to slide, per Matt Ryan of The Charlotte Observer. Summer League head coach Marlon Garnett has been impressed with Smith’s work ethic. “I would much rather have a guy like that,” Garnett said, “that you have to tone down a little bit so he can channel all that energy and make sure he’s in the right place at the right time, that he’s not getting spread out in situations, than to have somebody who maybe comes off as really lazy and casual and you got to kind of like amp him up.”

Contract Details: Brooks, Bane, DiVincenzo, Ball, Clarkson

July 9th, 2023 at 6:48pm CST by Dana Gauruder

Dillon Brooks will receive even more money from the Rockets, thanks to their complex five-team sign-and-trade, ESPN’s Adrian Wojnarowski tweets.

Brooks’ four-year, front-loaded contract agreement with Houston was originally reported to be worth $80MM. He’ll now receive at least $86MM through the life of the contract and can reach $90MM if he reaches certain incentives.

The sign-and-trade involving Memphis, Houston, and three other teams was finalized on Saturday.

The four guaranteed years are spread out in this fashion: $22.6MM next season; $22.3MM on 2024/25; $21.1MM in 2025/26; and $20MM in 2026/27, ESPN’s Bobby Marks tweets.

We have more contract-related news:

The five-year rookie scale extension that the Grizzlies gave Desmond Bane isn’t quite a max contract because it includes some incentives. Bane will receive $197.2MM in guaranteed money and can make an additional $8.7MM if he reaches certain incentives, Tim MacMahon of ESPN tweets.
Unlike Brooks, Donte DiVincenzo‘s four-year contract with the Knicks includes typical raises. He’ll receive $10.9MM next season; $11.4MM in 2024-25; $12MM in 2025-26; and $12.5MM in 2026/27, Fred Katz of The Athletic tweets. The contract, which is guaranteed for $47MM, also includes $750K per year in unlikely bonuses, including Defensive Player of the Year, Most Valuable Player, Most Improved Player, Sixth Man of the Year and All-NBA.
LaMelo Ball‘s five-year max designated rookie extension with the Hornets doesn’t include a player option, Michael Scotto of HoopsHype tweets. The pact does, however, feature a 15% trade kicker.
Jordan Clarkson renegotiation and extension deal with the Jazz begins with a salary of $23.5MM for next season, MacMahon tweets. It drops down to $14.1MM in 2024/25 and inches up to $14.3MM for the 2025/26 season. The contract also has $1.1MM in incentives.

NBA Reveals Dates, Groups For In-Season Tournament

July 8th, 2023 at 7:40pm CST by Arthur Hill

The NBA has announced the five-team groups that will used for the league’s first-ever in-season tournament, writes Tim Bontemps of ESPN. The unveiling took place Saturday during a special episode of ESPN’s “NBA Today” held at “NBA Con” in Las Vegas.

The groups were determined in a draw similar to what is used in soccer’s World Cup. There are six groups — three each from the Eastern Conference and Western Conference — and each conference was split into five pots based on last season’s standings. One team was randomly selected from each of the pots to determine the opening-round matchups.

The results are:

Group 1: Sixers, Cavaliers, Hawks, Pacers and Pistons.
Group 2: Bucks, Knicks, Heat, Wizards and Hornets.
Group 3: Celtics, Nets, Raptors, Bulls and Magic.
Group 4: Grizzlies, Suns, Lakers, Jazz and Trail Blazers.
Group 5: Nuggets, Clippers, Pelicans, Mavericks and Rockets.
Group 6: Kings, Warriors, Timberwolves, Thunder and Spurs.

The tournament will start with group play, which will match each team with the other four in its grouping. Those games will take place on Nov. 3, 10, 14, 17, 21, 24 and 28.

The winner of each group will advance to a knockout round, joined by the team with the best record in each conference among those who didn’t win a group. Quarterfinal games will be played Dec. 4 and 5, hosted by the higher-seeded teams. The four winners in that round will move on to T-Mobile Arena in Las Vegas for the Dec. 7 semifinals and the Dec. 9 championship game.

Bontemps points out that all teams will play within their conference until the last game, which guarantees an East vs. West matchup, just like the NBA Finals.

“Everybody’s not going to buy in right away,” admitted Joe Dumars, the NBA’s executive vice president of basketball operations. “So that can’t be the goal that everybody’s going to buy in from day one. These things take time. And I think, as time goes on, I think you can build this up and people can really get into it.”

The championship trophy will be called the NBA Cup, and players will receive $500K each for winning it. Other prize money includes $200K for second place, $100K for losing in the semifinals and $50K for losing in the quarterfinals. The league opted not to provide other incentives, such as a guaranteed playoff spot, for the tournament winner.

We passed along more details on the in-season tournament right here.

Miles Bridges Signs Hornets’ Qualifying Offer

July 7th, 2023 at 3:17pm CST by Rory Maher

JULY 7: In a press release confirming that Bridges has signed his qualifying offer to return with the Hornets, president of basketball operations Mitch Kupchak and Bridges himself both put out statements.

“Throughout this process, we have taken a measured and serious approach,” Kupchak said. “Several factors played a part in our decision to bring Miles back, including the conclusion of the legal process, the results of the NBA’s investigation and Miles’ commitment to counseling and community service. Our five-year relationship with Miles has allowed for open and honest dialogue. He has shown remorse, indicated that he has learned from this situation and expressed that it will not happen again. We look forward to Miles rejoining our team.”

Bridges statement reads as follows:

“I sincerely apologize for the pain, embarrassment and disappointment that last year’s incident caused so many people. Time away from the game allowed me to reflect, immerse myself in therapy and prioritize becoming a better person – someone my family and peers can be proud of. I’m grateful to the Hornets and the NBA community for giving me a second chance – most people don’t ever get one and I understand those questioning whether I deserve one. I will do everything I can to earn back the trust and confidence of my teammates, coaches, the Hornets organization and staff, fans, and the Charlotte community. I’m ready to return to work and can’t wait to rejoin my Hornets teammates.”

JULY 2: Restricted free agent Miles Bridges hasn’t been receiving the types of contract offers he was hoping for from the Hornets, so has signed his $7,921,300 qualifying offer in order to become an unrestricted free agent next year, sources tell ESPN’s Adrian Wojnarowski (Twitter links).

As ESPN’s Bobby Marks tweets, signing the one-year qualifying offer would give Bridges the power to veto trades. However, if he were to approve a trade, the team that acquires him would lose his Bird rights.

Shams Charania of The Athletic hears (via Twitter) that a final contract offer was presented on Sunday before talks broke down, but he doesn’t clarify whether that offer came from Charlotte or Bridges’ camp — or perhaps both.

The 25-year-old forward sat out the entire 2022/23 season after facing a felony domestic violence charge. He agreed to a plea deal and was subsequently suspended by the NBA, who will require him to sit out the first 10 games of ’23/24.

Prior to that incident, Bridges was viewed as one of the top free agents of the 2022 class, having averaged 20.2 PPG, 7.0 RPG, and 3.8 APG on 49.1% shooting in 80 games (35.5 MPG) in ’21/22.

Leading into free agency, it was impossible to know exactly how the Hornets and the rest of the NBA would value the former lottery pick, who was selected 12th overall in the 2018 draft. As valuable as Bridges can be on the court, the repugnant behavior he was accused of away from it likely gave potential suitors pause about pursuing him to represent their franchise.

Clearly, the Hornets had the leverage in contract negotiations after Bridges missed the entire season, which made him ineligible to be signed-and-traded. None of the teams with cap room decided to pursue him, but maybe that will change in 2024 if he has a strong season without further legal trouble.

Bridges was No. 8 on our list of 2023’s top 50 free agents.