Chicago Bulls Rumors | Hoops Rumors

Central Notes: Bulls, Markkanen, Rubio, Martin

August 30th, 2021 at 6:10pm CST by Alex Kirschenbaum

The Bulls and their recently-departed backup power forward Lauri Markkanen should both be better off following the restricted free agent’s sign-and-trade agreement with the Cavaliers, contends Sam Smith of Bulls.com.

Given that retaining Markkanen in Chicago would almost certainly stir locker room drama this season, Smith notes that both sides seem poised to benefit from this fresh start. The Bulls were able to add back two new future draft picks and some salary cap flexibility with Derrick Jones Jr.‘s expiring contract.

Markkanen, meanwhile, will get to once again put up good numbers on a new lottery-bound Cavaliers team that should inflate his depreciated value around the league. Smith still sees potential All-Star upside in Markkanen, the seventh overall selection by the Bulls out of Arizona in the 2017 draft. Perhaps the seven-footer can reach his ceiling in Cleveland.

There’s more out of the Central Division:

There are some fascinating wrinkles to ponder now that Markkanen has joined the Cavaliers, writes Kelsey Russo of The Athletic. Russo takes a deep dive into the Markkanen deal and how it could impact Cleveland’s frontcourt rotations. The 24-year-old sharpshooting big man will help spread the floor, and could do well alongside ball-handlers Darius Garland and Collin Sexton. Evan Mobley, the third pick in the 2021 draft out of USC, should compete with Markkanen for starting power forward honors. Mobley will likely see more time at center now, too, behind newly-minted $100MM man Jarrett Allen. Injury-prone former All-Star power forward Kevin Love will most likely fall behind both Markkanen and Mobley in the rotation now.
Oft-traded new Cavaliers reserve point guard Ricky Rubio admitted that being dealt so frequently has proven frustrating, as he told Didac Piferrer of Marca (hat tip to Johnny Askounis of EuroHoops). “I am indeed a bit tired (of the trades), but I have been in the NBA for ten years now and I know how it works,” Rubio said. “At the end of the day, everyone tries to be ready to adapt to a new environment. You must be mentally prepared for his. But everything takes time.” Rubio was dealt from the Suns to the Thunder, then to the Timberwolves, during the 2020 offseason. He was subsequently sent to Cleveland during the 2021 offseason. Rubio, who is on the last season of a three-year, $51MM deal he inked with Phoenix in 2019, has also played for the Jazz during his ten-year NBA career.
The Cavaliers renounced their free agent exception rights to two-way point guard Jeremiah Martin when completing the Markkanen sign-and-trade, per RealGM. After Cleveland promoted power forward Lamar Stevens from a two-way deal to its 15-man roster in April 2021, the club added Martin on a two-way contract. He suited up for nine contests with the team for the 2020/21 season.

Bulls Stuck To High Asking Price In Markkanen Negotiations

August 30th, 2021 at 3:05pm CST by Luke Adams

Although the Bulls never seemed focused on signing Lauri Markkanen to a long-term deal, the high asking price they set in sign-and-trade negotiations sent a message to executives around the league that they valued him and weren’t willing to lose him for nothing, writes Charania. According to Charania, the second-round pick the Bulls received from the Cavaliers in the Markkanen trade had been a sticking point in negotiations.
Markkanen “fully expected” to be signed-and-traded to the Spurs in the Bulls‘ acquisition of DeMar DeRozan, but Chicago is believed to have pulled him from that package, sources tell Charania.

Bulls, Clippers Among Teams Interested In Paul Millsap

August 30th, 2021 at 12:01pm CST by Luke Adams

We can add a couple new teams to the list of clubs eyeing Paul Millsap, as Shams Charania of The Athletic reports that the Bulls have pursued the veteran power forward and the Clippers have also expressed interest.

Charania confirms that the Warriors and Nets remain in the mix for Millsap, who has previously been linked to the Hawks, Pelicans, Sixers, and Timberwolves as well.

Millsap’s decision could ultimately come down to which factors are most important to him, since some teams cited as suitors could offer more money than others, some could offer a bigger role, and some are in better position to compete for a title right away.

The Bulls, for instance, still have their $3.7MM bi-annual exception available, so they could offer Millsap more than a handful of teams limited to the minimum salary exception. The Clippers, on the other hand, are limited to a minimum-salary offer, but are closer to title contention than Chicago.

Both teams could have regular frontcourt minutes available for someone like Millsap, since the Bulls just lost Lauri Markkanen and the health of Serge Ibaka remains a question mark for the Clippers. Chicago has just 13 players on guaranteed contracts, while Los Angeles is carrying 14.

Zach LaVine To Switch Agents Entering Contract Year

August 29th, 2021 at 5:49pm CST by JD Shaw

Bulls star Zach LaVine has made the decision to leave agencies BDA Sports and Innovate Sports, as first reported by K.C. Johnson of NBC Sports Chicago.

LaVine is expected to sign with Rich Paul‘s Klutch Sports Group, which represents players such as LeBron James, Anthony Davis, Draymond Green, Ben Simmons and John Wall. Paul also represents Lonzo Ball, who joined the Bulls via a sign-and-trade agreement earlier this month.

LaVine had been co-represented by Bill Duffy and Nima Namakian. The 26-year-old is entering the final season of a four-year, $78MM deal signed with Chicago in 2018, which means he’s set to become an unrestricted free agent after the 2021/22 campaign.

LaVine is coming off the first All-Star season of his career, averaging 27.4 points, five rebounds and 4.9 assists per game. He also shot a career-high 51% from the floor and 42% from deep during those contests.

Southwest Notes: Tate, Hernangomez, Hayes, Pelicans

August 29th, 2021 at 10:40am CST by Arthur Hill

Jae’Sean Tate wants to reward the Rockets‘ faith in him after they decided to guarantee his contract for the upcoming season, tweets Mark Berman of Fox 26. Tate, who played two years overseas before coming to the NBA, will make about $1.52MM.

Tate was an All-Rookie First Team selection, averaging 11.3 points, 5.3 rebounds and 2.5 assists in 70 games. He quickly established himself as a starter and was one of the few bright spots in a difficult season for Houston. The Rockets will have a $1.78MM team option on Tate for 2022/23.

“I’ve been working really hard this summer and my whole goal is just to prove (general manager) Rafael (Stone), (executive) Patrick and (owner) Tillman (Fertitta) right,” Tate said. “That they did the right thing guaranteeing those contracts. I think that’ll show this year.” (Twitter link)

There’s more from the Southwest Division:

It doesn’t appear that Juan Hernangomez, who was acquired from the Timberwolves this week, will have a future with the Grizzlies. ESPN’s Bobby Marks tweeted on Saturday that Hernangomez wasn’t asked to report to the team or take a physical, just like Rajon Rondo, who is now a free agent after reaching a buyout agreement with Memphis. Hernangomez has two years and $14.3MM left on his contract, although the final year doesn’t become guaranteed until June 20, 2022, notes Evan Barnes of The Memphis Commercial Appeal.
Body camera footage has been released from the arrest of Pelicans center Jaxson Hayes in Los Angeles last month, per Christian Clark of NOLA.com. Hayes had an altercation with police after the incident, which he said stemmed from a fight with a girlfriend. He was treated at a hospital for minor injuries and charged with resisting arrest.
The Pelicans received $1.2MM in the sign-and-trade deal that sent Lonzo Ball to the Bulls, tweets Eric Pincus of Bleacher Report.

Lauri Markkanen Happy To Get “Fresh Start” In Cleveland

August 28th, 2021 at 7:25pm CST by Arthur Hill

Lauri Markkanen had been hoping free agency would bring a new opportunity and now he has it in Cleveland, writes K.C. Johnson of NBC Sports Chicago. Markkanen got the contract he was looking for — $67MM over four seasons — from the Cavaliers, who officially completed a three-team trade earlier today.

“I don’t think I’ve hit close to my ceiling yet,” Markkanen said after the deal was announced. “… The last couple years have been mentally pretty tough. I’ve grown as a person because of that, so I wouldn’t change it. I’ve learned a lot. But I just felt like I need to get back to the old me and how I know I can play the game. I think this is a good opportunity for me to do that.

“I’m happy. I’m really excited and looking forward. We kind of felt like I needed a fresh start. And I appreciate all the people who were involved to help facilitate it and make it happen.”

Markkanen once appeared to part of the foundation for a rebuilding Bulls team. He was included in the return when Chicago traded Jimmy Butler to Minnesota, and he earned first-team All-Rookie honors in 2018 after averaging 15.2 points and 7.5 rebounds per game. However, his next three seasons were filled with injuries that limited him to 52, 50 and 51 games.

Markkanen, who turned down an extension offer before the season began, ended his stay in Chicago coming off the bench regularly for the first time in his career. After the Bulls acquired centers Nikola Vučević and Daniel Theis at the trade deadline, coach Billy Donovan opted for a bigger, more rugged starting lineup.

“I think obviously I’m most disappointed we didn’t make the postseason one time when I was there. We tried our best obviously. That’s what we’re paid to do. It didn’t work out,” Markkanen said. “I think I had good moments as a player, and I had some inconsistencies. But I’m looking ahead.”

Markkanen is entering another rebuilding situation with the Cavaliers, who went 22-50 last season and landed the third overall pick in the draft. At age 24, he will be one of the more experienced players in an organization filled with young talent. Markkanen will likely move back into a starting role in Cleveland, and he believes he’s joining the franchise at a good time.

“I think I fit in well — young core, exciting point guards. I’m looking forward to playing with those big guys in the frontcourt. They’re all young, talented guys. I think we can grow together,” Markkanen said. “And I can’t wait to learn from a player like Kevin Love. Just learn aspects of the game from him and the mentality of the game, how he approaches it. I’m looking forward to that as well.”

Trail Blazers Notes: Markkanen, Nance, McCollum

August 28th, 2021 at 6:01pm CST by Arthur Hill

The Trail Blazers were hoping to acquire Lauri Markkanen directly from the Bulls, but weren’t willing to part with the draft picks that Chicago wanted, sources tell K.C. Johnson of NBC Sports Chicago. Instead, they became a third team involved with the trade that sent the restricted free agent to Cleveland.

Portland offered Derrick Jones Jr. and a lottery-protected first-rounder, which it gave up in the three-team version of the trade, but balked when the Bulls asked for an extra second-round pick. Johnson explains that Chicago is trying to restock its draft capital after giving up three first-rounders in recent deals involving Nikola Vucevic and DeMar DeRozan. The Bulls may also lose picks if they are found guilty of tampering in an investigation regarding Lonzo Ball.

There’s more from Portland:

Larry Nance Jr. shared his thoughts about leaving the Cavaliers in a first-person piece on Cleveland.com. Nance says he asked Cleveland general manager Koby Altman to send him to a contender if he could work out a deal that would benefit the team as well. “Going to Portland is something that I am extremely excited about,” Nance wrote. “This is a team that has seen the biggest stages and is hungry for more, and I’m thrilled that they believe I can help them climb higher. This opportunity is one that I’m very ready to take advantage of and I have the Cavs to thank for preparing me for it.”
Adding Nance makes the Trail Blazers the winner of the three-team deal, contends Nekias Duncan of Basketball News. Duncan calls Nance “destructive” as a help-side defender and says he will help the offense as a screener and cutter.
In an appearance on J.J. Redick‘s “Old Man and the Three” podcast, CJ McCollum says he feels like he let down backcourt partner Damian Lillard in Game 5 of the playoff series with the Nuggets (hat tip to Marlow Ferguson Jr. of Blazer’s Edge). Lillard had 55 points and 10 assists, but Portland still lost in double overtime. “I have a full summer understanding what we went through, understanding how I performed at the beginning of the season, middle and the end, and I know how I need to perform for us to have success,” McCollum said. “Obviously, I want to win a championship. I have dreams, goals, aspirations, that’s the priority. But for any of that to happen, I need to be the best version of myself, and I have to be a version of myself that most of the world hasn’t seen. You talk about that irrational confidence again, and it’s still here.”

Cavaliers Acquire Lauri Markkanen In Three-Team Sign-And-Trade

August 28th, 2021 at 5:17pm CST by Arthur Hill

AUGUST 28: The trade is official, the Cavaliers announced in a press release.

“We are extremely fortunate as an organization to be in a position to acquire another young and talented player with the skill-set of Lauri Markkanen,” said Cleveland general manager Koby Altman. “He has the proven ability to play multiple positions and stretch the floor from the perimeter and, at 24-years-old, we believe his best basketball is in front of him. We are committed to establishing a winning culture in Cleveland that can be sustained over time and Lauri helps elevate that description.”

AUGUST 27: The Cavaliers will acquire Lauri Markkanen from the Bulls in a sign-and-trade deal that also includes the Trail Blazers, tweets ESPN’s Adrian Wojnarowski.

Portland will receive Larry Nance Jr. in the deal, according to Wojnarowski, and will send Derrick Jones Jr. and a 2022 protected first-round pick to Chicago. The Bulls will also get a Nuggets 2023 second-rounder from Cleveland.

The trade ends a long wait for Markkanen, who had been looking for a new team since free agency began on August 2. He will receive a four-year, $67MM contract from the Cavs, Wojnarowski reports (Twitter link), and the Bulls get the first-round pick they were seeking in return for the 24-year-old restricted free agent. That pick from Portland will be lottery protected through 2028, Woj adds (via Twitter), and will become a second-round selection if it’s not conveyed before then.

Markkanen’s four-year contract is valued at $18MM in the final season, but only carries a $6MM guarantee, sources tell Chris Fedor of Cleveland.com (Twitter link).

The deal leaves the Cavs $4.7MM under the luxury tax with 14 players under contract, tweets Bobby Marks of ESPN. The Blazers are $1.3MM above the tax threshold with 13 players signed and will likely be $3MM over once they add a league-mandated 14th player. The Bulls are $6.4MM under the tax and $11.8MM below the hard cap with 13 guaranteed contracts, Marks adds (Twitter link).

Markkanen’s outgoing salary only counts as $7.79MM, rather than the full amount, due to base year compensation rules, Marks notes (via Twitter). Chicago had hoped to get a player in the $9-10MM range, which it did by acquiring Jones. Markkenen’s incoming salary from the Cavs’ perspective will be the full amount of $15.58MM.

Markkanen fell out of Chicago’s starting lineup last season for the first time in his four years in the NBA and played a career-low 25.8 minutes per night. His averages of 13.6 points, 5.3 rebounds and 0.9 assists per game were all the worst of his career.

He had been hoping for a “fresh start” and will get it in Cleveland, where he will likely be the new starting power forward. The trade allows the Cavs to solidify a position of need and gives rookie big man Evan Mobley more time to develop.

Nance, 28, is under contract for two more year at $10.69MM and $9.67MM. He averaged 9.3 points and 6.7 rebounds per game last season and will bring a defensive presence to Portland’s front line. New coach Chauncey Billups has spoken repeatedly about the need to upgrade the team’s defense.

Jones, 24, has an expiring $9.72MM contract for the upcoming season. He averaged 6.8 points and 3.5 rebounds in 58 games last season and adds another versatile forward to Chicago’s rotation.

Rockets Sending $1.1MM In Theis Deal

August 28th, 2021 at 9:30am CST by Dana Gauruder

The Bulls received $1.1MM from the Rockets in the Daniel Theis sign-and-trade, Eric Pincus of Bleacher Report tweets. The deal also generated a $5MM traded player exception.

Northwest Notes: Green, Timberwolves, Lore, Snyder

August 27th, 2021 at 8:54pm CST by Dana Gauruder

JaMychal Green drew interest from a number of teams during free agency, Mike Singer of The Denver Post reports. Green caught the attention of the Timberwolves, Pelicans, Sixers, Spurs and Bucks. Minnesota even considered a possible sign-and-trade for the veteran forward, who opted to re-sign with the Nuggets on a two-year, $17MM deal.

We have more from the Northwest Division:

The Timberwolves had some level of interest in all of the forwards involved in the unofficial three-team trade among the Bulls, Cavaliers and Trail Blazers, Darren Wolfson of KSTP tweets. They had early interest this summer in restricted free agent Lauri Markkanen, who’s headed to Cleveland in the sign-and-trade, but Chicago didn’t seriously engage them in trade discussions, Wolfson adds. Minnesota had strong interest last year in Larry Nance Jr., who’s going to Portland, and Derrick Jones Jr., who’s joining the Bulls.
Marc Lore, who along with former baseball star Alex Rodriguez has assumed 20% of the Timberwolves franchise with plans to eventually become the controlling owners, believes he can sell top free agents on coming to Minnesota, Chris Hine of the Minneapolis Star Tribune writes. “When players or people say, ‘Hey, it’s a small market, we’re never going to get any of the big free agents,’ — well, if they share a similar set of values maybe they will (come),” Lore said. “If you really stand for something, and they’re passionate about the same values, then they’re like, ‘No, I’ve seen it. I’ve heard about it. I want to be a part of that.'”
Jazz coach Quin Snyder isn’t likely to tinker too much with his lineups and rotations this coming season, Sarah Todd of The Deseret News speculates. Snyder isn’t the type of coach who does a lot of experimentation but he will play to the strengths of his personnel and there are some new faces, so that will require some flexibility, Todd adds.