Chicago Bulls Rumors | Hoops Rumors

Bulls Declining Ryan Arcidiacono’s Option

August 1st, 2021 at 2:57pm CST by Luke Adams

The Bulls won’t pick up their $3MM team option on Ryan Arcidiacono for the 2021/22 season, reports K.C. Johnson of NBC Sports Chicago (Twitter link).

Arcidiacono has been a Bull for the last four seasons, but had his role reduced this past year, playing a career-low 10.2 minutes per game in 44 regular season contests. He averaged 3.1 PPG, 1.5 RPG, and 1.3 APG in his limited role, with a .419/.373/.650 shooting line.

Because he has four years of NBA service, Arcidiacono isn’t eligible for a qualifying offer and will become an unrestricted free agent after having his option declined.

Johnson suggests that a return to Chicago on a minimum-salary deal is a possibility for Arcidiacono, but adds that the 27-year-old guard is expected to receive interest from some other clubs as well.

Knicks Notes: Randle, Draft Night, Point Guards, Gibson

August 1st, 2021 at 10:58am CST by Arthur Hill

July 31 marked the trigger date for Julius Randle‘s contract guarantee, so the Knicks now owe him the full $19.8MM for next season, tweets Bobby Marks of ESPN. There was no suspense about whether New York would be willing to pay Randle that much in the wake of a career season that saw him win the Most Improved Player award and earn second-team All-NBA honors.

The real intrigue this offseason involves a four-year, $106MM+ extension that Randle is eligible to receive. The Knicks have plenty of incentive to sign him at that figure, as Randle could potentially make a lot more next summer as an unrestricted free agent, particularly if he puts together another All-NBA season. New York will have his Bird rights if that happens and can exceed the salary cap to re-sign him.

Randle joined the Knicks two years ago on a three-year, $63MM contract that carried just a $4MM guarantee for 2021/22. His game blossomed in New York, especially under new coach Tom Thibodeau, as he averaged 24.1 points, 10.2 rebounds and 6.0 assists per night while leading the team to the No. 4 seed in the East.

There’s more from New York:

The Knicks’ decision to trade the 19th pick in this year’s draft to the Hornets for a heavily protected future selection was done to free up another $2.4MM for free agency, according to Marc Berman of The New York Post, citing an NBA executive who has talked to team president Leon Rose. New York never planned to use both of its first-round picks Thursday night and was happy to get Quentin Grimes and Miles McBride after trading down.
Even if the Knicks can’t lure top targets Chris Paul and Kyle Lowry in free agency, they will have plenty of options at point guard, Berman adds. With more than $50MM in cap space, New York can outbid rival teams for Spencer Dinwiddie, Cameron Payne, Dennis Schroder or Reggie Jackson. Restricted free agent Lonzo Ball remains a possibility, but the Knicks saw him as a better fit in February than they do now, sources tell Berman. Re-signing Derrick Rose, a favorite of Thibodeau, remains on the table, although the front office is debating whether to make a long-term offer to Rose, who will turn 33 in October. The Bulls may get into the bidding for the Chicago native.
Saturday’s decision to waive backup center Norvel Pelle increases the chances that Taj Gibson will be back on the roster next season, Berman states in a separate story. A source told Berman the Knicks would consider re-signing Pelle at some point during the season if injuries leave them needing help in the middle.

Free Agency Rumors: Lowry, Dragic, Ball, Lakers, DeRozan, McGee

August 1st, 2021 at 9:01am CST by Arthur Hill

Miami is a legitimate option for Raptors guard Kyle Lowry in free agency, tweets Tim Reynolds of The Associated Press. A source tells Reynolds that the Heat “have his attention and have had it for a while.”

Lowry will be among the top point guards on the market when free agency begins Monday, with the Pelicans, Mavericks and Sixers all likely to be heavily involved. Toronto may also make a strong bid to hang onto Lowry, who has been with the organization since 2012.

There are plenty of rumors on the eve of free agency:

Many teams are expected to be interested in veteran guard Goran Dragic if the Heat turn down their $19.4MM team option and make him a free agent, according to Shams Charania of The Athletic (Twitter link). Charania doesn’t identify any of the potential suitors, but says they include “several NBA title and postseason contenders.” Miami has a deadline of 5:00pm Eastern Time today to reach a decision on Dragic, along with a $15MM option on Andre Iguodala.
William Guillory and John Hollinger of The Athletic break down sign-and-trade possibilities for the Pelicans involving Lonzo Ball. The Bulls, Pacers, Clippers, Celtics and Wizards are all mentioned as potential sign-and-trade partners.
Dwight Howard could return to the Lakers to provide help at center, Broderick Turner of the Los Angeles Times suggests in a free agent roundtable on both L.A. teams. Howard helped the Lakers win a title in 2020 before signing with the Sixers last offseason. Turner names Patty Mills, Wayne Ellington, Trevor Ariza, Carmelo Anthony, Jeff Green, Iguodala, and Dragic as other possible targets. The Clippers may pursue DeMar DeRozan if he’s willing to take a pay cut, Andrew Greif states in the same piece.
JaVale McGee would “definitely” consider returning to the Nuggets, stating that a chance to win will be his priority in free agency, as Mark Kiszla of The Denver Post details.

Scotto’s Latest: Markkanen, Noel, Raptors, Pistons, L. Williams

August 1st, 2021 at 7:29am CST by Luke Adams

The Bulls and Lauri Markkanen are open to working out a sign-and-trade deal that would send him to a new team, league sources tell Michael Scotto of HoopsHype. Chicago issued Markkanen a qualifying offer this week that will ensure he’s a restricted free agent, giving the team some leverage in negotiations.

Scotto identifies the Timberwolves – who have long been on the hunt for a power forward – as one team to watch as a possible sign-and-trade destination for Markkanen. The Spurs and Thunder are also among the teams with Markkanen on their radar, per Scotto. San Antonio and Oklahoma City would have the cap flexibility necessary to issue Markkanen an offer sheet without giving up an asset in a sign-and-trade if they’re confident Chicago won’t match.

Here are a few more updates on free agency from Scotto:

Following a strong season in New York, free agent big man Nerlens Noel is expected to draw interest from the Raptors, Knicks, Pistons, and Kings, writes Scotto.
The Raptors and Pistons should have a little cap flexibility and will likely look to the free agent market to address the center position. Scotto reiterates that Jarrett Allen and Richaun Holmes are on Toronto’s radar, and names Kelly Olynyk as a potential Detroit target. Some people around the league believe Olynyk will end up signing a deal worth $10-12MM per year, Scotto adds.
Despite mutual interest in a new deal between the Hawks and Lou Williams, the three-time Sixth Man of the Year will receive interest from other clubs, including the Pacers and Bucks, says Scotto. Williams is seeking a multiyear deal.

Free Agent Rumors: J. Collins, Lowry, Z. Collins, Forbes, Celtics, More

July 31st, 2021 at 10:51am CST by Luke Adams

In his latest rumor-packed article for Bleacher Report, Jake Fischer echoes a Marc Stein report from Friday, writing that John Collins is viewed as increasingly likely to return to the Hawks despite anticipated interest from the Mavericks and Spurs, among others.

Collins’ new deal may exceed $120MM in total value, Fischer notes, though it’s not clear if that’d be for four years or five. Collins’ projected maximum with Atlanta is about $126MM over four years (or $163MM over five), whereas his max with a new team would be approximately $121MM over four years.

Here are a few other rumors on 2021 free agents, including several more updates from Fischer:

With the Pelicans, Mavericks, and Heat all expected to make a strong push for Kyle Lowry, the point’s guard ultimate landing spot could come down to which team includes the most guaranteed money in the third year of its offer, says Fischer.
The Raptors, Pelicans, Thunder, and Spurs are among the teams known to have interest in big man Zach Collins, sources tell Fischer. Collins isn’t getting a qualifying offer from Portland, so he’ll be an unrestricted free agent.
The Nets may be the leading candidates to sign free agent sharpshooter Bryn Forbes, according to Fischer, who also names the Bulls, Cavaliers, Mavericks, and Pelicans as teams to watch.
Mark Murphy of The Boston Herald (Twitter link) hears that the Celtics have a list of about seven or eight top free agent targets, including veteran Spurs guard Patty Mills.
Otto Porter‘s representatives have been targeting a mid-level type contract for their client, but that’s probably a long shot unless a front office bids against itself, says J. Michael of The Indianapolis Star (Twitter links). The veteran forward is coming off a four-year, $106MM+ deal.
The Nuggets are expected to add a backup center in free agency, according to Mike Singer of The Denver Post, who tweets that a new deal with JaVale McGee is one possibility to address that spot.

Nico Mannion, Saben Lee, Others Receive Qualifying Offers

July 31st, 2021 at 10:25am CST by Luke Adams

The Warriors have issued a qualifying offer to two-way player Nico Mannion, making him a restricted free agent, tweets Keith Smith of Spotrac. Because Mannion, the 48th overall pick in the 2020 draft, was on a two-way contract during his rookie season, his qualifying offer will be the equivalent of another two-way deal, with a partial guarantee worth $50K. The QO will give Golden State matching rights in the event that another team signs Mannion to an offer sheet next week.

Here are more updates on players on two-way contracts receiving qualifying offers:

Saben Lee, a 2020 second-round pick who spent his rookie season on a two-way deal, has received a qualifying offer from the Pistons, making him a restricted free agent, tweets Smith. As expected, Detroit also officially renounced the draft rights to Jaylen Hands, Smith notes.
The Bulls issued a qualifying offer to two-way player Devon Dotson, making him a restricted free agent, tweets Smith. Chicago also gave a QO to Lauri Markkanen on Friday.
Nuggets guard Markus Howard, another two-way player, received a qualifying offer that makes him a restricted free agent, tweets Smith. Howard appeared in 37 games for Denver last season as an undrafted rookie out of Marquette.
The Spurs extended a qualifying offer to forward Keita Bates-Diop to make him an RFA, tweets Smith. Like the other players listed above, Bates-Diop has fewer than four years of NBA experience and is therefore eligible to sign another two-way contract after spending the 2020/21 season on a two-way deal.
The Cavaliers gave a qualifying offer to two-way shooting guard Brodric Thomas, tweets Chris Fedor of Cleveland.com (Twitter link). Thomas appeared in a total of 32 games for Houston and Cleveland as a rookie in 2020/21.
The Grizzlies announced they’ve issued a qualifying offer to big man Killian Tillie, making him a restricted free agent. Tillie appeared in 18 games for Memphis as a rookie on his two-way deal.

Since all of these players are coming off two-way contracts and have only spent one season with their respective teams, their QOs are one-year, two-way offers with $50K guarantees.

Eastern Rumors: Ball, Rose, Tucker, Portis, Allen, Williams, Fournier, Schroder, Horton-Tucker

July 31st, 2021 at 9:15am CST by Dana Gauruder

The Bulls are looking to make to major additions to shore up their point guard position, according to Jake Fischer of Bleacher Report.

The Bulls have been linked for months to Pelicans point guard Lonzo Ball and there’s thought to be mutual interest between the two sides on a four-year deal worth more than $80MM. If the Pelicans extend a $14.36MM qualifying offer to Ball, he’ll be a restricted free agent — the Bulls would have to give him an offer sheet and hope New Orleans doesn’t match it, or work out a sign-and-trade with the Pels.

The Bulls may have some competition from the Celtics, who have been recently mentioned as a potential Ball suitor after dealing away Kemba Walker. There’s increasing speculation the Celtics will not look to re-sign unrestricted free agent Evan Fournier, says Fischer. That possibility increased significantly after the Celtics agreed to acquire Josh Richardson from the Mavericks.

Chicago is also considering another Derrick Rose reunion and there’s mutual interest. It’s uncertain if the Knicks and head coach Tom Thibodeau can convince Rose, an unrestricted free agent, to re-sign with them if the Bulls make a hard push. However, Chicago will likely need to shed salary in order to bring in both Ball and Rose and the Knicks have plenty of cap room to outbid the Bulls for his services. While that’s a best case scenario in the Bulls’ eyes, they’re intent on adding two point guards this summer, especially with Coby White out indefinitely after undergoing left shoulder surgery, per Fischer.

Fischer offers up a number of other interesting items:

The Bucks are interested in bringing back two of their prominent free agents. They’d like to re-sign defensive specialist P.J. Tucker on a contract in the neighborhood of two years and $20MM. They are also hoping to re-sign forward Bobby Portis and the feeling is mutual. Since the Bucks only have Non-Bird rights on Portis, they’d have to use their mid-level exception to give him a starting salary higher than about $4.3MM.
The Cavaliers view the Raptors as their main threat to re-signing restricted free agent Jarrett Allen. Toronto’s interest in Allen surfaced last weekend. However, Cleveland is likely to match any offer sheet for Allen. The Raptors are also eying Kings free agent Richaun Holmes.
League sources think Lou Williams, one of the league’s top reserves, could re-sign with the Hawks on a veteran’s minimum deal, sys Fischer.
The Knicks, who need to add scoring punch, have expressed interest in Fournier. They’ve also been linked to Lakers guards Dennis Schroder and Talen Horton-Tucker. Schroder will be looking for a new home after the Lakers agreed to acquire Russell Westbrook. Previous reports have indicated the Knicks’ potential pursuit of Fournier and Schroder. Horton-Tucker is a restricted free agent after the Lakers extended a qualifying offer, though the team has the option of pulling it off the table.
According to SNY.TV’s Ian Begley, there’s support within the Knicks organization to pursue Nets free agent Spencer Dinwiddie and he’s interested in remaining in New York. Devonte’ Graham, Kendrick Nunn, and Kyle Lowry are some other potential targets at point guard. At the wing, the Knicks have some interest in the Spurs’ DeMar DeRozan and they’ve had discussions with the Magic this week regarding a potential Terrence Ross trade.

Bulls Extend Qualifying Offer To Markkanen

July 30th, 2021 at 6:30pm CST by Dana Gauruder

The Bulls have extended a qualifying offer to forward Lauri Markkanen, making him a restricted free agent, Shams Charania of The Athletic tweets.

The QO is worth just over $9MM but Markkanen is expected to receive a deal exceeding that amount on the open market. Markannen is coming off a somewhat disappointing 2020/21 campaign in which he averaged a career-low 13.6 PPG and 5.3 RPG. His playing time diminished after Nikola Vucevic and Daniel Theis were acquired at the trade deadline.

Markannen said in May he intended to explore his free agent options. He was the seventh overall pick of the 2017 draft.

“My thing is I think I’ve always been a team-first guy. And I think now it’s time to look at the business side of the game,” Markkanen said. “I feel like I’m only 23 years old and I have a lot of basketball ahead of me. It’s a good opportunity to look what’s out there for me. I can be a focal point. I think I have a lot more to offer.”

Trade Rumors: Reddish, Pacers, Knicks, McDaniels, Kemba, Bulls

July 29th, 2021 at 6:54pm CST by Luke Adams

The Hawks and Pacers have had exploratory talks about a deal that would send Cam Reddish and the No. 20 pick to Indiana in exchange for the No. 13 selection, writes Michael Scotto of HoopsHype.

Kevin O’Connor of The Ringer had previously reported that the Hawks and Pacers had discussed the No. 13 pick, and reported separately that Atlanta had offered Reddish and the No. 20 pick to teams in the late lottery, so it was safe to assume Reddish was on the table in those talks with Indiana. Scotto confirms as much, though it remains to be seen if the two sides will work out an agreement.

Here are a few more trade rumors from around the league as the start of the 2021 NBA draft nears:

Scotto and Marc Berman of The New York Post each confirmed that the Knicks have talked to the Magic about a possible Terrence Ross trade, as was reported earlier. Berman hears that the Knicks are offering draft assets and that Orlando has made Ross available for the better part of a year.
According to Scotto, the Knicks have asked the Magic about the No. 8 pick, but didn’t gain any real traction. They’ve also talked to the Spurs about No. 12, per Scotto, who says the sense around the league is that New York is eyeing Chris Duarte.
Multiple lottery teams have expressed interest in trading for Timberwolves forward Jaden McDaniels, according to Scotto. However, Minnesota remains reluctant to move McDaniels, whom the team views as part of its core going forward.
The Thunder are exploring possible trades for Kemba Walker, tweets Chris Mannix of SI.com. This had been expected, as Oklahoma City has made a habit in the last couple years of taking on unwanted contracts and then trying to flip them for positive value.
The Bulls are eyeing draft prospects Miles McBride and Nah’Shon Hyland and may be looking to trade into the back half of the first round, tweets Joe Cowley of The Chicago Sun-Times. Chicago currently only has the No. 38 pick in the 2021 draft.

Point Guard Rumors: Paul, Conley, Lowry, Dinwiddie, More

July 27th, 2021 at 9:39am CST by Luke Adams

After watching Chris Paul play a key role in turning the Suns into a legit title contender in 2020/21, teams around the NBA are weighing whether they might be able to replicate that success by adding a veteran guard such as Kyle Lowry, Mike Conley, or Paul himself this summer, writes ESPN’s Brian Windhorst. Those three point guards will be free agents and will headline a talented group that also includes Lonzo Ball, Spencer Dinwiddie, Dennis Schröder, and Derrick Rose, among others.

According to both Windhorst and Bleacher Report’s Jake Fischer, there’s a belief around the NBA that the Jazz will be able to re-sign Conley this offseason, even if they have to shed some salary to comfortably do so. However, they’ll face competition for the point guard. Windhorst and Fischer identify the Mavericks as one team expected to be in the hunt for Conley.

As for Paul, he has indicated he’s prepared to turn down his $44MM+ player option for 2021/22, but it’s possible that’s a leverage play, writes Windhorst. If the Suns and Paul are interested in continuing their relationship, a scenario in which CP3 picks up his player option and then signs an extension at a lesser rate may be in both sides’ best interest. If Paul does opt out and seeks a new team, he’ll be limited by the Over-38 rule to a three-year contract.

Here are a few more notes on the point guard free agent market:

Keith Pompey of The Philadelphia Inquirer confirms a Miami Herald report that stated Kyle Lowry is expected to be seeking a three-year, $90MM contract in free agency.
The Knicks will be among Lowry’s suitors and are willing to offer him somewhere between $20-30MM per year for two seasons, according to Pompey, who says that Spencer Dinwiddie and swingman Evan Fournier are among New York’s other potential targets. Dinwiddie is thought to be seeking $25MM annually, while Fournier is after $18MM per year, says Pompey. I’m skeptical that Dinwiddie, especially, will achieve that goal.
Dinwiddie is viewed as a likely Plan B for the Pelicans if they’re unable to land Lowry, according to Fischer. As Windhorst notes, current New Orleans GM Trajan Langdon previously worked in Brooklyn’s front office during Dinwiddie’s time with the Nets.
League executives believe the Pelicans are willing to let Lonzo Ball go if they find another option they like or if Ball receives an aggressive offer sheet, writes Windhorst.
Bulls head coach Billy Donovan, who had success with Dennis Schröder in Oklahoma City, is thought to be interested in a potential reunion with the Lakers guard, according to Windhorst.
Timberwolves veteran Ricky Rubio is among the point guards whose names have been floated on the trade market so far, per Windhorst.