Charlotte Hornets Rumors | Hoops Rumors

Hornets Sign James Borrego To Contract Extension

August 9th, 2021 at 3:21pm CST by Dana Gauruder

AUGUST 9: Borrego’s extension with the Hornets is now official, the team announced today in a press release.

“We’re extremely pleased with the job that Coach Borrego and his staff have done in their three years in Charlotte,”president of basketball operations Mitch Kupchak said in a statement. “Coach and his staff have built a strong player development program and it has resulted in the continued improvement of our young players. He has implemented an exciting style that our team likes playing and our Hornets fans enjoy watching. Coach has built strong relationships with our players, has demonstrated a great knowledge of the game and has provided tremendous leadership for our group.

“We’re thrilled to have signed him to an extension and look forward to the future with him leading our team as we continue to grow and improve.”

AUGUST 7: The Hornets and head coach James Borrego are finalizing a multi-year contract extension, ESPN’s Adrian Wojnarowski tweets.

Charlotte had already decided to pick up its option on Borrego’s contract for next season and this will give him more long-term security.

When Charlotte hired Borrego in 2018, he was given a contract with three guaranteed years, along with an option for the fourth. Although his record is just 95-124 with the Hornets, he has spent most of that time overseeing a rebuilding project.

Borrego was an assistant coach for eight years with New Orleans, Orlando and San Antonio before becoming a head coach. He served as an interim head coach with the Magic for 30 games during the 2014/15 season.

Hornets Notes: Oubre, I. Smith, Li. Ball, Summer League

August 8th, 2021 at 1:35pm CST by Luke Adams

Kelly Oubre‘s two-year deal with the Hornets, which was completed using cap space, is worth $12MM and $12.6MM in year two, tweets Keith Smith of Spotrac. That second year is only partially guaranteed for $5MM, however, so the agreement includes just $17MM in total guaranteed money.

Meanwhile, Ish Smith‘s two-year contract with the Hornets uses most of the club’s room exception, according to Smith (Twitter link). It starts at $4.5MM in 2021/22, while the $4.725MM salary for ’22/23 is non-guaranteed.

Here’s more on the Hornets:

LiAngelo Ball, who is playing for the Hornets’ Summer League team in Las Vegas, said he’s “very thankful” for the opportunity and isn’t taking it for granted, as Rod Boone of SI.com writes. Ball was supposed to play for Oklahoma City’s G League affiliate in March 2020 before the pandemic stopped the season. He impressed Charlotte’s brass while working out in the gym with his brother LaMelo Ball in recent months, Boone writes.
Ball’s performance in Las Vegas is one of a handful of Hornets Summer League storylines to watch, according to Jonathan M. Alexander of The Charlotte Observer, who says he’ll also be keeping an eye on James Bouknight‘s three-point shooting and how much time Kai Jones spends at center.
In case you missed it, the Hornets are still believed to be eyeing restricted free agent Lauri Markkanen, despite no longer having the cap room necessary to sign him to an offer sheet.

Pelicans, Hornets Eyeing Lauri Markkanen

August 8th, 2021 at 12:38pm CST by Luke Adams

The Pelicans have displayed interest in restricted free agent forward Lauri Markkanen, sources tell veteran NBA reporter Marc Stein (Twitter link).

As Stein notes, New Orleans just generated a trade exception worth more than $17MM in the team’s three-way trade that sent Steven Adams and Eric Bledsoe to Memphis. That newly-created exception could be used to accommodate a contract worth more than the mid-level for Markkanen.

The Pelicans and Bulls also haven’t officially completed their Lonzo Ball sign-and-trade deal yet, so it’s possible a Markkanen sign-and-trade could be looped into that agreement. However, that’d be more complicated, and the Ball agreement is currently being investigated by the NBA.

The Bulls are believed to be seeking a first-round pick in order to facilitate a Markkanen sign-and-trade, says Stein. The Pelicans can’t use their trade exception to sign Markkanen to an offer sheet, so they’d need Chicago’s cooperation in order to offer him more than the mid-level.

Meanwhile, Jordan Schultz of Bleacher Report says (via Twitter) that the Hornets, who were rumored earlier in the week to be considering an offer sheet for Markkanen, remain in the hunt as a potential “sleeper.” However, that scenario is difficult to envision.

The Hornets have used up their cap room and would almost certainly have to acquire Markkanen via sign-and-trade, as Schultz tweets. Charlotte doesn’t have a trade exception that would work in such a deal and would therefore have to match salaries.

The only salaries on Charlotte’s books that would really make sense as primary matching pieces, given Markkanen’s salary expectations, are Terry Rozier‘s ($17.9MM) or Mason Plumlee‘s ($9.25MM). Rozier is more valuable to the Hornets than he would be to the Bulls, who just agreed to acquire Ball and Alex Caruso. And Charlotte just traded for Plumlee a few days ago to address the team’s hole at center.

It’s possible the Hornets will find a way to get creative and land Markkanen, perhaps using smaller salaries, but it would be a challenge.

Markkanen, meanwhile, continues to explore his options around the NBA in the hopes of joining a new team. He told a Finnish journalist earlier this week that he’s seeking a “fresh start” after four years in Chicago.

Kelly Oubre's Agent Says Eight Other Teams Made Offers

August 7th, 2021 at 10:01pm CST by Arthur Hill

Free agent forward Kelly Oubre received offers from eight other teams before deciding to sign with the Hornets, tweets Stefan Bondy of The New York Daily News. Oubre’s agent, Torrel Harris of Unique Sports International Management, says the Knicks, Lakers, Clippers, Bucks, Nuggets, Nets, Trail Blazers and Cavaliers all presented offers to Oubre.

Hornets Sign Kelly Oubre To Two-Year Deal

August 7th, 2021 at 11:36am CST by Luke Adams

AUGUST 7: Oubre and the Hornets have now finalized a two-year, $25MM contract, agent Torrel Harris tells Chris Haynes of Yahoo Sports (Twitter link). Charlotte announced the signing in a press release.

It appears Oubre’s starting salary will come in slightly lower than initially expected after Charlotte took on Wesley Iwundu in a trade with New Orleans.

The deal won’t feature any options, per Michael Scotto of HoopsHype (Twitter link). However, Rod Boone of SI.com (Twitter link) says the second year will be partially guaranteed and Anthony Slater of The Athletic provides the specifics, tweeting that $5MM of Oubre’s $12.6MM salary for 2022/23 will be guaranteed.

AUGUST 5: The Hornets and free agent wing Kelly Oubre are in agreement on a two-year deal that will be worth $26MM+, sources tell Shams Charania of The Athletic (Twitter link).

David Aldridge of The Athletic reported earlier on Thursday that the Hornets and Oubre had engaged in discussions, while Chris Haynes of Yahoo Sports was first to report that the two sides were finalizing a multiyear deal expected to exceed $12MM per year.

Charlotte, one of the only NBA teams that still had the cap room necessary to make an offer worth more than the full mid-level exception ($9.5MM), had also reportedly been mulling an offer sheet for Lauri Markkanen. However, the Hornets’ agreement with Oubre will eat up most – if not all – of their remaining cap room, presumably taking an aggressive bid for the Bulls‘ restricted free agent forward off the table.

Oubre, 25, has spent time with the Wizards, Suns, and Warriors since entering the league as the 15th overall pick in the 2015 draft. In 2020/21, he averaged 15.4 PPG and 6.0 RPG on .439/.316/.695 shooting in 55 games (30.7 MPG) for Golden State.

While Oubre possesses good size and athleticism for a three-and-D wing, his three-point shot has been inconsistent over the course of his career (32.6%).

Charlotte will be hoping to get the 2019/20 version of Oubre, who averaged 18.7 PPG with a .352 3PT% for the Suns. The former Kansas Jayhawk will join a talented group of Hornets forwards that includes Gordon Hayward, Miles Bridges, and P.J. Washington.

Since the Hornets have the ability to sign Oubre outright using their cap room and his new contract will only be for two years, it won’t be a sign-and-trade deal involving the Warriors.

Hornets Waive Caleb Martin

August 7th, 2021 at 10:57am CST by Dana Gauruder

The Hornets have waived shooting guard Caleb Martin, according to a team press release.

Martin had a $1,782,621 salary for next season that was due to guarantee on August 15. By releasing him now, Charlotte won’t carry any dead on its cap for him in 2021/22.

Martin averaged 5.0 PPG, 2.7 RPG and 1.3 APG in 15.4 MPG while seeing action in 53 games. Martin, who went undrafted in 2019, appeared in 71 games the last two seasons.

The move clears some additional cap space for Charlotte to officially sign Kelly Oubre Jr., who agreed to a two-year deal on Friday.

And-Ones: Smith, Biyombo, Spurs, Hall, Almansa, Trade Market

August 7th, 2021 at 10:45am CST by Dana Gauruder

The Pistons officially renounced their rights to Wayne Ellington, who has signed with the Lakers, and Dennis Smith Jr., according to the RealGM transactions log. The Hornets renounced four players, including Bismack Biyombo, while the Spurs renounced their rights to a whopping 13 players. San Antonio’s list includes Donatas Motiejunas and David Lee, who haven’t appeared in an NBA game for years. Renouncing those rights allows teams to maximize their cap room in free agency.

We have more from the basketball world:

Donta Hall has signed with France’s Betclic Elite side AS Monaco, Sportando relays. Hall, who turns 24 on Saturday, played 13 games with the Magic this past season on two 10-day contracts and an end-of-the-season deal via the hardship exception. The power forward also played a total of nine games for the Pistons and Nets in 2019/20.
Overtime Elite has added another top European prospect. Izan Almansa has signed with the league, Jonathan Givony of ESPN tweets. The 6’9” Almansa, a 16-year old Spanish power forward, is the second player OTE has signed from Real Madrid’s youth program and seventh international prospect.
While free agency is winding down, the trade market could continue to percolate in the coming weeks, John Hollinger of The Athletic writes. Ben Simmons and Damian Lillard top the list of stars who could be on the move, while the Raptors and Magic are teams to watch, with the latter possibly taking on an onerous contract in order to acquire future assets.
The ESPN duo of Tim Bontemps and Bobby Marks also take a look at unresolved storylines this month involving free agency, the trade market and potential extensions.

Pelicans Officially Acquire Valanciunas, Graham In Three-Team Trade

August 7th, 2021 at 9:28am CST by Luke Adams

The Pelicans have officially announced a pair of previously–reported trades, having combined their acquisitions of center Jonas Valanciunas and point guard Devonte’ Graham into a single transaction involving both the Grizzlies and Hornets. Memphis and Charlotte have put out press releases as well.

The details of the three-team deal are as follows:

To Pelicans:
- Valanciunas (from Grizzlies)
- Graham (sign-and-trade; from Hornets)
- The draft rights to Trey Murphy (No. 17 pick; from Grizzlies)
- The draft rights to Brandon Boston (No. 51 pick; from Grizzlies)
  - Note: Boston will be rerouted to the Clippers in a subsequent trade.
To Grizzlies:
- Eric Bledsoe (from Pelicans)
- Steven Adams (from Pelicans)
- The draft rights to Ziaire Williams (No. 10 pick; from Pelicans)
- The draft rights to Jared Butler (No. 40 pick; from Pelicans)
  - Note: Butler will be rerouted to the Jazz in a subsequent trade.
- The Lakers’ 2022 first-round pick (top-10 protected; from Pelicans)
To Hornets:
- Wesley Iwundu (from Pelicans)
- The Pelicans’ 2022 first-round pick (top-14 protected; from Pelicans)
  - Note: If the Pelicans’ 2022 first-rounder falls in the top 14, the Hornets will instead receive New Orleans’ 2022 and 2024 second-round picks, per Rod Boone of SI.com.
- Cash (from Pelicans)
- The draft rights to Tyler Harvey (from Grizzlies)

The details of the three-team trade essentially line up with what was previously reported, with two new pieces added — Iwundu going from New Orleans to Charlotte and Harvey’s draft rights going from Memphis to Charlotte. Harvey was presumably only included to ensure that the Grizzlies and Hornets were “touching,” since otherwise Memphis would only have been exchanging assets with the Pelicans.

Looping their sign-and-trade acquisition of Graham into the trade suggests the Pelicans will operate over the cap, using Bledsoe’s and Adams’ outgoing salaries in order to match both Valanciunas and Graham instead of signing Graham into cap space.

As Bobby Marks of ESPN notes (via Twitter), it also allows New Orleans to generate a $17MM+ trade exception in the deal. Only Bledsoe’s and Iwundu’s outgoing salaries are needed for matching purposes to take on Valanciunas and Graham, meaning the Pelicans’ new TPE is worth Adams’ salary ($17,073,171).

Graham reportedly signed a four-year, $47MM contract with the Pelicans as part of the trade. He and Tomas Satoransky appear set to play the majority of the minutes at point guard in New Orleans, barring further roster changes. The team is sending Lonzo Ball to Chicago in a separate sign-and-trade deal.

Graham made just 37.7% of his field goal attempts in 2020/21, but his three-point mark was a very respectable 37.5%. In addition to his ability to make threes, Graham is an above-average play-maker (6.5 APG over the last two seasons) and a respectable defender.

Swapping out Adams for Valanciunas should allow the Pelicans to improve their frontcourt spacing. Valanciunas isn’t exactly a long-distance marksman, but has a solid mid-range game and will shoot the occasional three-pointer, which should create more room for Zion Williamson to operate. The former No. 5 overall pick averaged an impressive 17.1 PPG and 12.5 RPG with a .592/.368/.773 shooting line in 62 games (28.3 MPG) this past season.

From the Grizzlies’ perspective, the deal was a way to improve their draft assets in both 2021 and 2022 as a result of their willingness to take on Adams’ and Bledsoe’s pricey contracts. The team moved up from No. 17 to No. 10 to snag Williams, and later flipped the No. 40 pick (Butler) to Utah in a separate trade to move up to No. 30 for Santi Aldama.

[RELATED: 2021 NBA Offseason Trades]

The Hornets, meanwhile, decided to move on from Graham and got a protected first-round pick from New Orleans in exchange for waiving their right to match an offer sheet for the restricted free agent. Iwundu’s guaranteed $1.82MM salary for 2021/22 will eat up a small amount of Charlotte’s cap room, but the team will still have enough flexibility to complete its signing of Kelly Oubre to a two-year deal in the range of $12-13MM per year.

Rookie JT Thor Signs With Hornets

August 6th, 2021 at 1:46pm CST by Dana Gauruder

The Hornets have signed second-round draft pick JT Thor, according to a team press release.

Thor, a 6’9” forward, was officially acquired from the Pistons along with center Mason Plumlee on Friday in exchange for the draft rights of Balsa Koprivica.

[RELATED: 2021 NBA Draft Pick Signings]

Terms of the contract are undisclosed, but the club is under the cap and has the ability to give him a starting salary worth more than the rookie minimum and/or a contract that covers more than two years.

Thor, the 37th overall pick, averaged 9.4 PPG, 5.0 RPG and 1.4 BPG in his lone season with the Tigers. Thor projects to spend most of his rookie season in the G League.

Pistons Trade Mason Plumlee To Hornets

August 6th, 2021 at 12:11pm CST by Luke Adams

AUGUST 6: The trade is now official, according to press releases from both the Hornets and Pistons. Charlotte received Plumlee and the rights to No. 37 pick JT Thor in exchange for the rights to No. 57 pick Balsa Koprivica.

JULY 29: The Pistons and Hornets are finalizing a trade that would see Mason Plumlee sent to Charlotte along with the No. 37 pick in tonight’s draft in exchange for the No. 57 pick, reports ESPN’s Adrian Wojnarowski (via Twitter).

The Hornets had been expected to be one of the NBA’s most aggressive teams in pursuit of a center this offseason and will get an early start on addressing that position by acquiring Plumlee, who averaged 10.4 PPG, 9.3 RPG, and 3.6 APG in 56 games (26.8 MPG) during his first and only season as a Piston.

Plumlee had been set to earn $8.1MM in 2021/22 and will receive a 10% trade bonus as a result of the deal, bumping up that cap hit by $830K, tweets ESPN’s Bobby Marks.

Even at close to $9MM, Plumlee’s deal isn’t particularly onerous, especially since it’s only partially guaranteed in 2022/23. So it’s somewhat surprising that the Pistons were willing to drop down 20 spots in the draft to move off of it, especially since GM Troy Weaver just signed Plumlee to that deal last offseason.

Still, Detroit will gain cap flexibility as a result of the trade and could open up about $20MM in space rather than operating over the cap this summer, tweets Nate Duncan. The move will also create additional playing time for promising young big man Isaiah Stewart.

The deal will have to be completed once the new league year begins, when the Hornets can take Plumlee into their cap space. They’ll still have about $13MM in projected cap room, according to Marks, so they could pursue another center in free agency.