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Bulls’ Devon Dotson Signs Qualifying Offer

August 14th, 2021 at 9:00am CST by Dana Gauruder

Free agent guard Devon Dotson has signed his qualifying offer from the Bulls, Shams Charania of The Athletic tweets.

Dotson will be on a two-way contract and the qualifying offer includes a $50K guarantee. Chicago still has its other two-way slot available.

Dotson, 22, was also on a two-way deal last season when he appeared in 11 games with the Bulls as a rookie, averaging 2.1 PPG in 4.5 MPG. Dotson averaged 13 PPG and 5.6 APG in 10 G League games with the Canton Charge.

He’s currently averaging 6.7 PPG and 3.0 APG in 22.2 MPG through three summer league games in Las Vegas.

Ball Happy To Go Where Wanted

August 13th, 2021 at 5:54pm CST by Dana Gauruder

The sign-and-trade with the Pelicans brought Lonzo Ball to an organization that wanted him — the Bulls. Acquired in a sign-and-trade, Ball appreciates how his new bosses feel about him, Joe Cowley of the Chicago Sun-Times writes. “Just me personally, I feel like they wanted me,” he said. “And I want to play for someone that wants me to play for them. So that was attractive.’’
When DeMar DeRozan saw that Bulls were bringing in Ball, they didn’t need to do a hard sell to convince him to join the team, Cowley notes in the same story. DeRozan also came aboard in a sign-and-trade. “You could see what they were working toward, and it was something I wanted to be a part of,’ he said. “It wasn’t too much of a pitch that they had to make after that.’’

Largest Trade Exceptions Created This Offseason

August 13th, 2021 at 3:09pm CST by Luke Adams

A total of 26 trades have been completed to so far during the 2021 NBA offseason, and many of those deals generated at least one “traded player exception.”

As we explain in our glossary, a traded player exception allows a team to take on salary in a trade without sending out any salary in return. The amount of the exception plus $100K is the amount of salary the team is permitted to take back without salary-matching – either in a single deal or in multiple trades – for one year.

For instance, a team with a $10MM trade exception could acquire a player earning $4MM and a player earning $6.1MM without having to worry about sending out any outgoing salary.

One of the biggest trade exceptions ever created – the Thunder‘s $27.5MM TPE from last November’s Steven Adams trade – expired last week without being used, but Oklahoma City still has a pair of sizeable exceptions to work with, as our tracker shows. The team could also create upwards of $30MM in cap space by renouncing all its exceptions, including the mid-level and bi-annual.

While the Thunder have some big traded player exceptions, they aren’t one of the teams that created sizable new TPEs in offseason deals this year. Here are the largest new trade exceptions generated this summer:

New Orleans Pelicans: $17,073,171 (Steven Adams)
Brooklyn Nets: $11,454,048 (Spencer Dinwiddie)
Dallas Mavericks: $10,865,952 (Josh Richardson)
Boston Celtics: $9,720,900 (Tristan Thompson)
- Note: It’s unclear whether the Celtics absorbed Bruno Fernando‘s salary ($1,782,621) using the Thompson exception or their Kemba Walker trade exception ($6,879,100). We’re assuming for now that Fernando slotted into the Walker exception, reducing its value to $5,096,479. However, if he went into the Thompson TPE, its value would be reduced to $7,938,279.
Utah Jazz: $7,475,379 (Derrick Favors)
- Note: There was an expectation that the Jazz would slot Eric Paschall‘s salary ($1,782,621) into one of two trade exceptions that were set to expire on August 6. However, it appears the deal wasn’t completed until August 7 for logistical reasons, meaning the Favors TPE (originally $9,258,000) would’ve had to be used.
Indiana Pacers: $7,333,333 (Doug McDermott)
Chicago Bulls: $5,000,000 (Daniel Theis)

For a second straight year, a team generated the largest trade exception of the offseason by trading Adams. This time around, it was the Pelicans, who cleverly folded separate trade agreements with the Grizzlies and Hornets into one three-team deal, sending Wesley Iwundu to Charlotte to ensure that Adams’ salary wouldn’t be required for matching purposes.

The Pelicans and Mavericks are the two best candidates on this list to make use of their newly-created exceptions at some point. The larger the exception is, the easier it is to find a use for, and those are two of the three biggest in this group.

The other big TPE belongs to the Nets, but they’re already way over the tax line and will be reluctant to take on more salary unless they have a really good reason to do so. That’s probably true of most of the other teams on this list too — the Celtics and Jazz in particular have to be conscious of luxury-tax concerns as they mull the possibility of taking on additional salary. New Orleans and Dallas have more wiggle room, while the Pacers and Bulls are somewhere in between.

The full list of available trade exceptions can be found here.

Salary information from Basketball Insiders was used in the creation of this post.

Bulls Sign Ayo Dosunmu, Marko Simonovic

August 13th, 2021 at 1:38pm CST by Luke Adams

6:53pm: Dosunmu received a guaranteed two-year, $2.48MM contract, Shams Charania of The Athletic tweets. That’s a minimum-salary deal, which would leave the mid-level open for Simonovic.

1:38pm: The Bulls have officially locked up a pair of second-round picks, signing guard Ayo Dosunmu and forward/center Marko Simonovic to their first NBA contracts, according to NBA.com’s transactions log.

Dosunmu, 21, played his college ball at Illinois, spending three years with the Fighting Illini before declaring for the draft following his junior season. He averaged an impressive 20.1 PPG, 6.3 RPG, and 5.3 APG on .488/.390/.783 shooting in 28 games (35.1 MPG) in 2020/21 and was selected 38th overall by the Bulls in the 2021 draft.

Simonovic, meanwhile, was the No. 44 pick in the 2020 draft, but played in Serbia for one more season before making the leap to the NBA. The 21-year-old big man, who confirmed earlier this week that he’d be signing with the Bulls, put up 15.7 PPG, 9.1 RPG, 1.7 APG, and 1.0 SPG in 25 games (31.6 MPG) for Mega Basket in the Adriatic League in 2020/21.

Terms of the two deals aren’t yet known, but the Bulls had less than $1MM of their mid-level exception left after signing Alex Caruso using most of the MLE. That means they’ll be able to give one of their rookies a three- or four-year deal, but will be limited to two years for the other (via either the bi-annual exception or the minimum salary exception).

The Bulls now have 12 players on under contract, with Lauri Markkanen‘s restricted free agency still to be resolved.

Dosunmu Struggling Offensively In Summer League

August 12th, 2021 at 9:56pm CST by Dana Gauruder

Bulls second-rounder Ayo Dosunmu is off to a rough shooting start in the summer league, Joe Cowley of the Chicago Sun-Times notes. He’s shooting 7-for-24 (29%) from the field through three games. “The advice I got was go out there and play hard,’’ said Dosunmu, the 38th overall selection. “Just try to learn something new each game. That’s the best way you’re going to get better.”

And-Ones: Draft Picks, Hammon, Luxury Tax, Gortman, Spurs

August 12th, 2021 at 2:48pm CST by Luke Adams

Executives around the NBA don’t love the idea of having teams forfeit second-round picks as a result of tampering investigations, like the Bucks did a year ago, writes ESPN’s Jonathan Givony (Insider link). As Givony explains, the thinking is that late second-rounders don’t have a ton of value to begin with, so taking away those picks hurts would-be draftees as much as it hurts teams.

“Why are we punishing players by reducing the number of picks that are made in the NBA draft?” one executive said to Givony. “Players work their entire careers to get to the point that they can hear their names called on draft night. It’s completely unfair to them to have fewer bestowed that honor because of backroom shenanigans that are entirely out of their control.”

Givony suggests some execs would like to see the NBA find a way to avoid having fewer than 60 picks in future drafts by redistributing any forfeited picks. For instance, a team that wins a midseason tournament could earn an extra second-round pick, or a forfeited pick could be awarded to the team that employs the winner of the league’s new Kareem Abdul-Jabbar Social Justice Champion award.

“How cool would it have been if (inaugural winner) Carmelo Anthony went up to the podium at the 60th pick and announced that the Portland Trail Blazers have drafted someone?” one Eastern Conference executive said to Givony. “That would have been a great moment at Barclays Center, shedding light on the work he’s done, and tying it to the start of a young player’s NBA career, who could maybe follow in his footsteps.”

Here are a few more odds and ends from around the basketball world:

Speaking to Doug Feinberg of The Associated Press, Spurs assistant Becky Hammon said she can’t wait for a time when it’s considered normal for NBA teams to interview and hire women for head coaching jobs. Hammon, one of the few women to receive head coaching consideration, added that she wants to be hired for the right reasons. “Please don’t hire me to check a box. That’s the worst thing you can do for me,” she said. “Hire me because of my skill sets and coaching, who am I as a person, hire me for those.”
Bobby Marks of ESPN (Twitter link) provides a breakdown of the projected tax penalties for the eight teams currently above the tax line. While some clubs may shed salary over the course of the season to reduce those bills, the current numbers are staggering, especially for the Warriors ($184MM), Nets ($131MM), and Clippers ($125MM).
Five-star prospect Jazian Gortman, a guard based in South Carolina whom ESPN ranks fifth in the 2022 recruiting class, has signed with Overtime Elite, the league announced on Wednesday in a press release.
RealGM has the details on the draft picks involved in a pair of Spurs trades – with the Pacers (Doug McDermott) and Bulls (DeMar DeRozan) – this week. Most notably, the first-round pick Chicago is sending San Antonio will be top-10 protected in 2025 and top-eight protected in two subsequent years. That pick would be pushed back by a year if the Bulls’ 2023 first-rounder falls within in its top-four protection and isn’t conveyed until 2024.

NBA Teams With Hard Caps For 2021/22

August 12th, 2021 at 1:19pm CST by Luke Adams

The NBA salary cap is somewhat malleable, with various exceptions allowing every team to surpass the $112,414,000 threshold once their cap room is used up. In some cases, teams blow past not only the cap limit, but the luxury-tax line of $136,606,000 as well — the Nets and Warriors, for instance, project to have nine-figure tax bills this season as a result of their spending.

The NBA doesn’t have a “hard cap” by default, which allows clubs like Brooklyn and Golden State to build a significant payroll without violating CBA rules. However, there are certain scenarios in which teams can be hard-capped, as we explain in a glossary entry.

When a club uses the bi-annual exception, acquires a player via sign-and-trade, or uses more than the taxpayer portion of the mid-level exception (three years, starting at $5,890,000), that club will face a hard cap for the remainder of the league year.

When a team becomes hard-capped, it cannot exceed the “tax apron” at any point during the rest of the league year. The tax apron for 2021/22 was set at $143,002,000.

So far, over a third of the teams in the NBA have been willing to hard-cap themselves this offseason. Some teams will have to be aware of that hard cap when they consider any roster move for the rest of the season, but for others it’s just a technicality that won’t affect their plans.

Listed below are the hard-capped teams for the 2021/22 league year, along with how they created a hard cap.

Chicago Bulls

Acquired Lonzo Ball from Pelicans via sign-and-trade.
Acquired DeMar DeRozan from Spurs via sign-and-trade.
Used non-taxpayer mid-level exception on Alex Caruso.

Cleveland Cavaliers

Acquired Lauri Markkanen from Bulls via sign-and-trade.

Dallas Mavericks

Used non-taxpayer mid-level exception on Reggie Bullock.
Used bi-annual exception on Sterling Brown.

Houston Rockets

Acquired Daniel Theis from Bulls via sign-and-trade.

Miami Heat

Acquired Kyle Lowry from Raptors via sign-and-trade.
Used non-taxpayer mid-level exception on P.J. Tucker.

New Orleans Pelicans

Acquired Devonte’ Graham from Hornets via sign-and-trade.
Acquired Garrett Temple from Bulls via sign-and-trade.

New York Knicks

Acquired Evan Fournier from Celtics via sign-and-trade.

Oklahoma City Thunder

Used non-taxpayer mid-level exception on Jeremiah Robinson-Earl.

San Antonio Spurs

Acquired Doug McDermott from Pacers via sign-and-trade.

Toronto Raptors

Used non-taxpayer mid-level exception on Khem Birch.

Washington Wizards

Acquired Spencer Dinwiddie from Nets via sign-and-trade.
Used non-taxpayer mid-level exception on Isaiah Todd.

This list, which could continue to grow, will continue to be updated throughout the 2021/22 league year as necessary. It can be found anytime in the “Hoops Rumors Features” menu on the right-hand sidebar of our desktop site, or in the “Features” menu on our mobile site.

Bulls Notes: Caruso, Dosunmu, Simonovic, Valentine, Williams, DeRozan

August 11th, 2021 at 6:48pm CST by Dana Gauruder

Alex Caruso‘s four-year, $37MM contract has a $3MM guarantee in the fourth season, ESPN’s Bobby Marks reveals in an Instagram video. The Bulls used up $8.6MM of their $9.536MM mid-level exeption for Caruso’s first-year salary, giving them just enough room to sign No. 38 overall pick Ayo Dosunmu, Marks adds.

We have more on the Bulls:

Second-round pick Marko Simonovic had an impressive summer league debut, contributing 13 points and five rebounds in 15 minutes against New Orleans, Sam Smith of the team’s website writes. “This is everything new for me,” said Simonovic, a 6’11” power forward. “I’m coming from Europe and everything is different. But I feel really good and people tell me I look good. I think next season I can help the team.”
The Bulls have renounced their rights to Denzel Valentine and Cristiano Felicio, according to the RealGM transactions log. While that doesn’t rule out the possibility of re-signing those players, Chicago needed to renounce the rights to them and seven other players to complete all its off-season moves. Felicio signed with a club in Germany earlier this week.
Patrick Williams believes he can learn plenty from DeMar DeRozan, Rob Schaefer of NBC Sports Chicago writes. “He’s a really good wing in this league. Mostly, I want to be at the level that he’s at,” Williams said. “When he gets here, I’ll definitely ask him some questions about how he plays in the mid-post and kind of what he sees after an important possession. I’m definitely excited to learn from not only him but everyone else as well.” DeRozan was officially acquired on Wednesday.
In turn, DeRozan is impressed with the talent level on the roster, Darnell Mayberry of The Athletic writes. “Great organization. The history behind it is definitely amazing. But for sure, the talent,” he said. “Looking at players like Zach (LaVine), I’ve been a fan of Zach since he’s been in the league. Just looking at the overall squad. Seeing (Nikola) Vučević there, that was my teammate in college. So, it’s been great.”

Bulls Officially Acquire DeMar DeRozan From Spurs Via Sign-And-Trade

August 11th, 2021 at 3:27pm CST by Luke Adams

The Bulls and Spurs have officially finalized the sign-and-trade deal sending veteran forward DeMar DeRozan to Chicago, reports Chris Haynes of Yahoo Sports (Twitter link).

DeRozan confirmed (via Twitter) that his deal with Chicago, which was first reported last Tuesday, is now done, while the Bulls and Spurs issued press releases announcing the move. DeRozan reportedly received a fully-guaranteed three-year, $85MM commitment from Chicago

In exchange for the four-time All-Star, the Spurs received forwards Thaddeus Young and Al-Farouq Aminu, a future protected first-round pick, the Lakers’ 2022 second-round pick, and the Bulls’ 2025 second-round pick. The earliest the Spurs will receive that first-round pick from Chicago is in 2025, since the Bulls owe a top-four protected 2023 first-rounder to Orlando.

The move punctuates a productive offseason for the Bulls, who also landed Lonzo Ball in a sign-and-trade with New Orleans and signed Alex Caruso using the mid-level exception. They’ll join a group led by Zach LaVine and Nikola Vucevic as Chicago looks to get back to the playoffs for the first time since 2017.

While DeRozan’s lack of a three-point shot (he has made 35 in the last three seasons) is an oddity for a wing in the modern NBA, his mid-range game is deadly and he has become a legitimately dangerous play-maker, averaging a career-best 6.9 assists per game in 2020/21 to go along with his 21.6 PPG and 4.2 RPG. Opponents will have a tough time stopping lineups featuring him, LaVine, and Vucevic, even if it won’t be the most stout group defensively.

The Sixers, Suns, Trail Blazers, Warriors, Celtics, Clippers, and Knicks were reportedly among the teams to express interest in DeRozan, but some of those clubs went in different directions and several didn’t have the ability to match or top the Bulls’ offer to the 32-year-old.

With Ball, DeRozan, and Caruso officially locked up, the Bulls will focus on resolving Lauri Markkanen‘s contract situation. The restricted free agent forward is reportedly looking for a fresh start away from Chicago, but the Bulls won’t want to let him walk without getting an asset or two in return.

The Spurs, meanwhile, are now free to move forward on completing the rest of their reported free agent signings, including Zach Collins, Bryn Forbes, and Jock Landale.

The DeRozan deal had been the last trade reported during the 2021 offseason that hadn’t yet been finalized. All of this month’s reported trades are now official.

Contract Details: Clippers, THT, Ball, Nwaba, Bembry, Raptors

August 10th, 2021 at 2:52pm CST by Luke Adams

After reporting over the weekend that the Clippers used about $3.9MM of their taxpayer mid-level exception to sign Justise Winslow, ESPN’s Bobby Marks (Instagram video) confirmed today that the team used the leftover portion of that MLE to sign second-round picks Jason Preston and Brandon Boston Jr. to three-year deals, with Preston getting a little more than the rookie minimum.

Keith Smith of Spotrac shares those salary figures down to the dollar, tweeting that Winslow’s first-year salary is $3,902,439 while Preston’s is $1,062,303. Combined with Boston’s rookie minimum of $925,258, those three salaries add up to exactly $5.89MM, the amount of the taxpayer mid-level exception.

Here are a few more details on new contracts from around the NBA:

While Talen Horton-Tucker‘s three-year deal with the Lakers was initially said to be worth $32MM, the year-by-year breakdown provided by Smith works out to a total of $30.78MM (Twitter link).
Lonzo Ball‘s four-year deal with the Bulls also came in slightly lower than expected, according to Smith, who says it has a base value of $80MM, with $1MM in annual unlikely incentives (Twitter link).
David Nwaba‘s three-year, $15MM contract with the Rockets has two fully guaranteed seasons followed by a third-year team option, according to Marks (Instagram video).
DeAndre’ Bembry‘s minimum-salary deal with the Nets has a partial guarantee of $750K for now, tweets Smith. That number will increase to $1.25MM on December 15 before becoming fully guaranteed in January.
Blake Murphy of The Athletic (Twitter links) shares some Raptors contract details, reporting that Gary Trent Jr.‘s deal has a base value of $51.84MM, with $250K in annual unlikely incentives. Murphy adds that Ishmail Wainright got a $250K guarantee in 2021/22 – plus a $125K guarantee in ’22/23 – on his minimum-salary contract, while Yuta Watanabe‘s minimum-salary deal is now partially guaranteed for $375K. Watanabe would get his full guarantee if he makes the regular season roster.