Charlotte Hornets Rumors | Hoops Rumors

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.

Hornets Sign LaMelo Ball To Five-Year Max Extension

July 6th, 2023 at 4:04pm CST by Alex Kirschenbaum

JULY 6: The Hornets and Ball have officially finalized their deal, with the team issuing a press release to confirm the signing.

JULY 1: The Hornets and LaMelo Ball are finalizing a five-year designated rookie extension that will be worth the maximum salary, according to Shams Charania of The Athletic (Twitter link). Agent Sam Permut tells Adrian Wojnarowski of ESPN (Twitter link) that the two sides have reached an agreement.

Ball’s starting salary on the new deal will pay him at least 25% of the 2024/25 cap. Charania’s report suggests there will be Rose Rule language that could increase that figure to 30% of the cap if Ball earns All-NBA honors next season.

The exact value of the contract will depend on where the ’24/25 cap lands and whether Ball meets the Rose Rule criteria, but even in a worst-case scenario, it will be worth well north of $200MM. In a best-case scenario (30% starting salary, 10% cap increase), it would be worth $260MM.

Charlotte selected the 6’7″ point guard with the third overall pick in the 2020 draft. He immediately emerged as a lethal and creative scorer all over the floor, and was named the 2020/21 Rookie of the Year despite being limited to just 51 out of 72 possible games (31 starts) in his first season due to injuries.

Ailments have been a recurring theme in Ball’s young career, outside of a relatively healthy 75-game run in 2021/22, during which he made his first All-Star team as an injury replacement.

A right ankle fracture ended his 2022/23 campaign early. He played in just 36 contests for the 27-55 Hornets. When Ball did play last year, he remained his stellar statistical self, though it didn’t particularly contribute to winning. He notched 23.3 PPG on .411/.376/.836 shooting splits, 8.4 APG, 5.4 RPG and 1.3 SPG.

Charlotte is undergoing some major changes this summer. The team selected highly-touted Alabama forward Brandon Miller, widely considered to be another All-Star caliber prospect, using the second pick in this year’s draft. Former longtime majority owner Michael Jordan also sold most of his shares in the club to a new ownership group, led by tech investor Ian Loring and several notable North Carolinians. The Hall of Famer will still retain a stake in the franchise moving forward.

Aaron Holiday Signs One-Year Contract With Rockets

July 6th, 2023 at 12:32pm CST by Rory Maher

JULY 10: The signing is official, according to a team press release.

JULY 6: Aaron Holiday is signing a one-year contract with the Rockets, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Michael Scotto of HoopsHype reported earlier today that the Hornets and Rockets were among the teams interested in the free agent guard.

Holiday spent his first three NBA seasons with the Pacers, the team that selected him 23rd overall in the 2018 draft. He was sent to the Wizards two years ago as part of the massive five-team deal that saw Russell Westbrook head to the Lakers, and was later sent to the Suns at the 2022 trade deadline for cash.

Phoenix chose not to give Holiday a qualifying offer last summer in order to make him a restricted free agent, and he wound up signing a one-year deal for the veteran’s minimum with the Hawks. Kelly Iko of The Athletic reports (via Twitter) that the combo guard will once again be on a minimum-salary contract.

The Rockets were on the lookout for guard depth after trading TyTy Washington and Josh Christopher (to different teams) and releasing Daishen Nix, Iko adds (Twitter link).

Holiday, 26, appeared in 63 games for the Hawks in 2022/23, but his role was quite limited, averaging career lows in points (3.9) and assists (1.4) in 13.4 minutes per contest. The 6’0″ guard is a 37.7% career three-point shooter and converted 36 of his 88 attempts last season (40.9%).

Fischer’s Latest: Bridges, Washington, Pelicans, Dosunmu, More

July 5th, 2023 at 9:21pm CST by Rory Maher

Prior to signing his $7.9MM qualifying offer, Miles Bridges was seeking around $25MM per year in talks with the Hornets, sources tell Jake Fischer of Yahoo Sports. However, Charlotte was unwilling to approach that figure, which is why Bridges’ representatives quickly opted for unrestricted free agency in 2024.

Bridges was ineligible to be included in a sign-and-trade because he wasn’t on the team’s roster last season, having missed all of 2022/23 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. There was talk of him receiving $30MM annually in an offer sheet last year, according to Fischer, with the Pacers, Pistons and Grizzlies all linked to the 25-year-old forward.

Here’s more from Fischer’s latest story for Yahoo Sports:

Hornets restricted free agent forward P.J. Washington might have to wait a while in order to find the type of contract he’s seeking, and it might have to come via sign-and-trade. Marc Stein first reported that the former first-round pick is seeking around $18MM annually. According to Fischer, Washington is looking for $80MM over four years. Fischer writes that several agents seem to be pointing to Keldon Johnson‘s rookie scale extension with the Spurs as a benchmark of sorts in negotiations.
The Pelicans continue to gauge the trade market for reserve guard Kira Lewis Jr. and starting center Jonas Valanciunas, sources tell Fischer. Lewis is entering the final year of his rookie scale contract and could become a restricted free agent next summer, while Valanciunas’ $15.4MM deal is expiring.
Fischer hears the recent conversations between the Hawks and Raptors haven’t been very productive when it comes to a potential Pascal Siakam deal. On an unrelated note, Fischer also reports there’s optimism within Atlanta’s organization that the team will be able to extend Dejounte Murray.
The Raptors have expressed interest in Bulls guard Ayo Dosunmu, Fischer reports. However, it’s unclear if they’ll try to make a run at the restricted free agent via an offer sheet or sign-and-trade.
Like other reporters, Fischer has heard there’s mutual interest in a reunion between the Sixers and restricted free agent big man Paul Reed.

Stein’s Latest: RFAs, Washington, Mavs, Bol, JVG, Bojan

July 5th, 2023 at 2:23pm CST by Luke Adams

There has been more buzz in recent days about restricted free agents Grant Williams and Matisse Thybulle – who reportedly intends to sign an offer sheet with Dallas – than Hornets RFA P.J. Washington, Marc Stein writes in his latest Substack article. As Stein explains, there are a couple reasons for that.

For one, the Hornets are in a better position to a match a rival offer sheet than Boston or Portland. The Celtics project to be well over the luxury tax line, while the Trail Blazers still aren’t certain what their books will look like after they finalize a Damian Lillard trade.

Additionally, while the Celtics and Trail Blazers would both have to weigh whether or not to match offer sheets signed using the mid-level exception, such a deal would presumably be an automatic match for the Hornets with Washington. According to Stein, Washington is believed to be seeking a deal in the range of $18MM per year.

Here’s more from Stein:

Following up on a report that the Magic and Mavericks discussed a trade involving Bol Bol around the time of the draft, Stein explains that Dallas pitched the idea of taking on Bol as a salary dump along with Orlando’s No. 36 overall pick. The Magic turned down that proposal and ended up moving No. 36 for a 2030 second-round pick and cash.
Jeff Van Gundy, who was recently let go by ESPN, told the Mavericks he wasn’t interested in a job as an assistant on Jason Kidd‘s coaching staff, according to Stein, who says that it’s not yet known whether Van Gundy will attempt to return to coaching in some form or seek another broadcasting opportunity.
While teams around the league remain interested in acquiring forward Bojan Bogdanovic, the Pistons have held firm on their stance that they plan to keep the sharpshooting veteran, says Stein. There seems to be little concern about the Achilles issue that sidelined Bogdanovic for Detroit’s final 18 games, Stein adds, noting that the general sense is that the Pistons were just being “extra cautious,” with little to play for.