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Fischer’s Latest: Markkanen, DeRozan, Hield, Hart, Suns, More

August 10th, 2021 at 11:58am CST by Luke Adams

The Pelicans, Mavericks, Celtics, and Timberwolves are among the teams that have shown interest in Bulls restricted free agent Lauri Markkanen, according to Jake Fischer of Bleacher Report, who hears from sources that the price tag on the power forward would be about $15MM per year.

Landing Markkanen would be a challenge for any of those teams, however, as they’re all over the cap and would have to acquire the RFA forward via sign-and-trade. New Orleans has a traded player exception big enough to fit Markkanen, but the other teams would likely to have rely on salary-matching or offer him a lower salary (Dallas has a TPE worth $10.872MM, while Boston has one worth $9.72MM). Acquiring a player via sign-and-trade also results in a hard cap, which the Celtics are reportedly resisting.

On top of all that, Fischer confirms a previous report that the Bulls are seeking a first-round pick to accommodate a Markkanen sign-and-trade and don’t want to take on any salary, preferring any contracts to be rerouted to a third team. If they maintain that stance, the Bulls would make it very difficult for Markkanen to do anything but accept his $9MM qualifying offer.

“Chicago is playing this masterfully from no other perspective than a contract management standpoint,” a team capologist told Fischer. “It won’t do any favors relationship-wise, but they’re bleeding his market based on their tax situation, and nobody else can offer him any kind of money without them.”

As we wait to see what happens with Markkanen, it’s worth noting that the Hornets – previously rumored to be eyeing the forward – weren’t listed by Fischer as one of the teams in the hunt, and president of basketball operations Mitch Kupchak told reporters today that the team is likely done with its “heavy lifting” this offseason (Twitter link via Rod Boone of SI.com).

Here’s more from Fischer:

  • The Sixers, Suns, Trail Blazers, Warriors, Celtics, and Knicks were among the teams that expressed interest in DeMar DeRozan before he reached a deal with the Bulls, per Fischer. However, New York agreed to sign Evan Fournier and most of the other teams would’ve had to figure out complicated sign-and-trade arrangements to accommodate DeRozan, who never really entertained the idea of signing for the mid-level exception, sources tell Fischer.
  • The Pelicans and Kings discussed the possibility of swapping Buddy Hield and Josh Hart (via sign-and-trade) as part of New Orleans’ trade with Memphis, Fischer writes. It’s unclear if anything along those lines is still being considered now that the Pelicans’ deal with the Grizzlies has been completed — base year compensation rules would complicate a one-for-one swap.
  • The Suns are weighing their options for their final open roster spot and have gauged the trade value of 2020 lottery pick Jalen Smith, sources tell Fischer.
  • The Raptors will meet with Goran Dragic‘s camp at Summer League in Las Vegas to further discuss the point guard’s situation, according to Fischer.
  • Zach LaVine has told Bulls staffers he’s committed to improving defensively next season, Fischer says.
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Marko Simonović To Suit Up For Bulls This Year

August 9th, 2021 at 4:53pm CST by Alex Kirschenbaum

Power forward/center Marko Simonović has verified recent rumors that he will be joining the Bulls for the 2021/22 season, his first in the NBA, tweets Darnell Mayberry of The Athletic.

Along with forward Patrick Williams, Simonović was part of the first draft class selected by the Bulls’ then-new front office team of president Arturas Karnisovas and GM Marc Eversley. The 6’11” big man, most recently with the Serbian club KK Mega Basket of the Adriatic Basketball Association, was chosen with the No. 44 pick in 2020.

In 25 games for Mega Basket during the 2020/21 season, Simonović averaged 15.7 PPG, 9.1 RPG, 1.7 APG, and 1.0 SPG.

The 21-year-old’s shot diet indicates potential as a floor-spreading big man who will not fear contact inside, operating as a reserve for a new-look Chicago team heavy on versatile scorers and passers. Simonović connected on 47.3% of his field goal looks last season, including 34.9% of his 5.2 three-point attempts a game. He also converted 77.8% of his free-throw tries.

Chicago is reportedly using a chunk of its mid-level exception to sign Alex Caruso, but could save a portion of that MLE for Simonović’s deal.

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Cristiano Felicio Signs With German Team

August 9th, 2021 at 10:00am CST by Luke Adams

Former Bulls forward/center Cristiano Felicio has signed a one-year contract with German club Ratiopharm Ulm, the team announced today in a press release.

Felicio, a Brazilian big man who went undrafted in 2014, initially signed a two-year, minimum-salary contract with the Bulls in 2015, then re-upped on a four-year, $32MM deal in 2017.

That investment, which was questioned even at the time, didn’t produce positive returns for Chicago, as Felicio appeared in just 155 games across the last four years, averaging 4.2 PPG and 3.7 RPG in 14.1 minutes per contest off the team’s bench. He hasn’t played regular rotation minutes since the 2018/19 season.

Making the move to Germany will give Felicio an opportunity to once again see consistent playing time and to rebuild his value. However, it’s unclear whether he’ll make his way back to the NBA down the road or if he’ll continue playing in international leagues for the foreseeable future.

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Bulls Acquire Lonzo Ball Via Sign-And-Trade

August 8th, 2021 at 11:07pm CST by Luke Adams

AUGUST 8: The Bulls have officially acquired Ball, the team announced late on Sunday night in a press release. As expected, the Pelicans acquired Satoransky, Temple, and a future second-round pick in the deal. The future second-rounder is Chicago’s 2024 selection, and New Orleans also received cash considerations.

This transaction continues to be investigated by the NBA due to possible “gun-jumping,” since it’s a complicated sign-and-trade deal that was reported as being done the minute that free agency opened on Monday.

The Pelicans and especially the Bulls may face discipline from the league based on that investigation’s findings. However, the fact that the trade was processed while the probe is ongoing is another sign the NBA isn’t going to disallow it.

Due to base year compensation rules affecting Ball’s new contract, neither the Bulls nor the Pelicans will  create a trade exception in the deal.

AUGUST 2: The Bulls and point guard Lonzo Ball have agreed to a four-year, $85MM deal, Klutch Sports CEO Rich Paul tells Shams Charania of The Athletic (Twitter link). The contract will include a fourth-year player option, according to Michael Scotto of HoopsHype (Twitter link).

Ball is a restricted free agent, but the Bulls and Pelicans will work out a sign-and-trade to get him to Chicago, Paul tells ESPN’s Adrian Wojnarowski (Twitter link).

The Pelicans will receive Tomas Satoransky, Garrett Temple, and a second-round pick from the Bulls in the sign-and-trade agreement, according to Charania (Twitter link).

Temple is a free agent, so he’ll be signed-and-traded as well. He’s getting a three-year contract with the first two years guaranteed, according to David Aldridge of The Athletic, who adds that the deal is expected to be worth about $5MM per year (Twitter links).

It’s a major coup for the Bulls, who have been linked to Ball for the last several months. The team reportedly discussed a trade with the Pelicans at the deadline, but couldn’t reach a deal to land Ball at the time. Now, Chicago is in position to add the former No. 2 overall pick to a starting lineup led by Zach LaVine and Nikola Vucevic.

Ball, 23, had arguably the best season of his career in 2020/21, averaging 14.6 PPG, 5.7 APG, and 4.8 RPG in 55 games (31.8 MPG) and improving his shooting numbers to .414/.378/.781.

His deal is right in line with the four-year deals signed by fellow point guards Fred VanVleet and Malcolm Brogdon in recent free agencies.

While Pelicans stars Zion Williamson and Brandon Ingram expressed a desire to continue playing with Ball, the team’s front office never seemed sold on the idea of making him a long-term cornerstone. Adding Satoransky will give New Orleans some depth at the point, though the team will likely remain in the hunt for another point guard in free agency.

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Central Notes: Pistons Contracts, McConnell, Allen, Bulls

August 8th, 2021 at 7:41pm CST by Luke Adams

The Pistons‘ three-year deal with Kelly Olynyk has a partial guarantee in year three, with only $3MM of the big man’s $12.2MM salary assured in 2023/24, according to Keith Smith of Spotrac (Twitter link). Detroit also gave Trey Lyles a two-year, $5.125MM deal that includes a second-year team option, Smith adds (Twitter link).

While those contract details are similar to what was reported earlier in free agency, the specifics on the Pistons’ deals for Saben Lee and second-round pick Isaiah Livers didn’t surface until today.

According to Smith (Twitter link), the Pistons used cap space to give Lee a three-year, minimum-salary contract that includes two fully guaranteed years followed by a third-year team option. As for Livers, his new deal with Detroit is also for three years with a third-year team option, tweets Smith. The No. 42 pick got slightly more than the rookie minimum in his first year, followed by the veteran’s minimum in years two and three.

Here’s more from around the Central:

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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.

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Bulls Won't Be Able To Use Sign-And-Trade To Acquire Alex Caruso

August 8th, 2021 at 9:00am CST by Arthur Hill
  • Due to NBA rules regarding Base Year Compensation, the Bulls‘ trade exception in the deal that sent Daniel Theis to Houston will be his 2020/21 salary of $5MM instead of his new outgoing salary of $8MM+, tweets Bobby Marks of ESPN. That means Chicago will have to sign Alex Caruso outright, rather than arranging a sign-and-trade with the Lakers. The Bulls will presumably use their mid-level exception for Caruso, adds K.C. Johnson of NBC Sports Chicago (Twitter link).
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Rockets Acquire Daniel Theis In Sign-And-Trade

August 7th, 2021 at 7:15pm CST by Luke Adams

AUGUST 7: The sign-and-trade deal with the Bulls is official, the Rockets announced in a press release, with Chicago getting cash considerations in return.

“Daniel is a versatile center who impacts both ends of the court,” Rockets general manager Rafael Stone said. “We’re looking forward to adding his skillset to our young core and giving Coach (Stephen) Silas even more flexibility with his lineups.”

Theis’ new four-year contract includes a 15% trade kicker, reports Michael Scotto of HoopsHype (via Twitter).

AUGUST 2: The Rockets will fortify their frontcourt by signing Daniel Theis to a four-year contract worth $36MM, his agents at CAA Basketball tell Adrian Wojnarowski of ESPN (Twitter link).

Theis was frequently linked to Houston in the days leading up to free agency. As Tim MacMahon of ESPN notes (via Twitter), Houston’s plan is to work with the Bulls, Theis’ old team, to complete a sign-and-trade deal that would allow the Rockets to fit the center into their leftover trade exception from the Victor Oladipo trade.

That trade exception is worth about $8.2MM and could be used to sign Theis to a contract worth up to $35.6MM over four years. Taking that approach would preserve Houston’s mid-level exception for another signing (or multiple signings).

According to Jonathan Feigen of The Houston Chronicle (Twitter link), the Rockets are expected to send cash to the Bulls to finalize the sign-and-trade.

Theis, 29, averaged a career-high 9.6 PPG in 2020/21 in 65 games (24.6 MPG) for Boston and Chicago. He also contributed 5.5 RPG and 0.9 BPG while shooting 54.1% from the floor and even launching the occasional three-pointer (32.2% on 2.3 attempts per game).

While Theis isn’t particularly dangerous on the offensive end, he’s a solid defender who will give the Rockets another reliable veteran in the frontcourt alongside Christian Wood.

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NBA Investigating Lowry, Ball Sign-And-Trades For Possible Tampering

August 7th, 2021 at 1:13pm CST by Luke Adams

The NBA has launched investigations into two of the sign-and-trade deals that were agreed upon early in free agency, according to ESPN’s Adrian Wojnarowski and Ramona Shelburne.

Those two deals are the one that sent Kyle Lowry from the Raptors to the Heat – which was officially announced on Friday – and the one sending Lonzo Ball from the Pelicans to the Bulls, which hasn’t been officially completed yet. The NBA is set to investigate possible violations of its tampering policy.

According to Wojnarowski and Shelburne, the league is expected to look into any contact that may have occurred prior to the opening of the free agency negotiating period on Monday at 5:00pm CT. Both agreements were reported within minutes after the negotiating period began.

It’s an open secret that teams and agents begin free agent discussions before the negotiating period officially starts, but the NBA generally frowns on any deals that blatantly violate those rules. Sign-and-trades receive even more scrutiny since they’re more complex and typically require more time to complete than a typical free agent negotiation, Wojnarowski and Shelburne note.

Last year, for instance, an alleged sign-and-trade agreement involving the Bucks, Kings, and Bogdan Bogdanovic was reported several days before free agency officially began. The league ended up taking away Milwaukee’s 2022 second-round pick after investigating that situation, while Bogdanovic – who claimed he never agreed to terms with the Bucks – landed in Atlanta instead.

We’ll see what the investigation into the Lowry and Ball sign-and-trades turns up this year. It’s unlikely that the league would nix either deal, but fines and/or draft-pick penalties don’t seem out of the question, given the manner in which the deals were publicly reported.

One Monday report outlined the specifics of the Lowry sign-and-trade to the Heat nearly three hours before free agency began, though there was some uncertainty for much of the week about whether the deal would involve more pieces than just Goran Dragic and Precious Achiuwa. Lowry’s commitment to Miami was confirmed just minutes into free agency and his agency announced his destination shortly thereafter.

Ball’s deal with the Bulls was reported literally the minute the negotiating window opened, with the full terms of the trade agreement – including another sign-and-trade involving Garrett Temple – surfacing just seven minutes later.

As Wojnarowski notes (via Twitter), the NBA adopted new anti-tampering measures two years ago, giving the league the power to fine teams for up to $10MM, suspend executives, take away draft picks, or even void deals altogether if proof of tampering is found.

The Bucks’ second-round pick forfeiture is the most significant penalty we’ve seen since then. However, as Wojnarowski and Shelburne point out, the NBA’s decision in that case took into consideration that Bogdanovic didn’t end up signing with Milwaukee, so the league could come down a little harder on Miami and/or Chicago.

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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.

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