Chicago Bulls Rumors | Hoops Rumors

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.

Bulls Considered Pursuing Derrick Jones Jr. Last April

August 27th, 2021 at 4:05pm CST by JD Shaw

The Bulls, who agreed to acquire Derrick Jones Jr. in a three-team deal with the Blazers and Cavaliers on Friday, were was also considering acquiring Jones last April, Joe Cowley of The Chicago Sun-Times tweets. Chicago added Jones to help address the team’s lack of wing depth. The 24-year-old averaged 6.8 points, 3.5 rebounds and 22.7 minutes per game with Portland last season.

Millsap, Ennis Could Fill Roster Spots

August 26th, 2021 at 5:47pm CST by Dana Gauruder

As our latest roster count notes, the Bulls only have 12 players on guaranteed contracts. Veteran free agent forwards Paul Millsap and James Ennis are some of the candidates to fill a couple of those open roster spots, according to Rob Schaefer of NBC Sports Chicago. LaMarcus Aldridge, Jarred Vanderbilt and Svi Mykhailiuk are three other free agents that the Bulls could c0nsider, Schaefer adds.

Bulls Might Carry 14 On Roster

August 25th, 2021 at 5:34pm CST by Dana Gauruder

DJ Bakker has been named the head coach of the Pistons’ new G League franchise, the Motor City Cruise, according to a team press release. Bakker has spent the last three seasons as an assistant and player development coach under Dwane Casey and served as the Pistons’ summer league coach in 2019. Bakker has also worked for the Raptors, Bulls, Mavericks and Magic. Detroit’s previous G League franchise in Grand Rapids, MI will now be the Nuggets’ affiliate.

The Bulls are driving a hard bargain for suitors of restricted free agent Lauri Markkanen, demanding a first-rounder and no burdensome contracts in return for proposed sign-and-trades. However, Chicago might be better off dropping its asking price and moving on, K.C. Johnson of NBC Sports Chicago opines. The Bulls created a lot of positive momentum with their offseason moves, so it may not be prudent to bring back a player who has made it clear he’d prefer a fresh start.
In the same piece, Johnson suggests the Bulls might carry 14 players on the roster — one below the limit — because they have a $5MM trade exception from the Daniel Theis sign-and-trade with the Rockets that they could use during the course of the season. Alternatively, the 15th player could be on a non- or partially-guaranteed contract.

And-Ones: Offseason Roundup, 2022 Free Agency, Evans, Nogueira

August 21st, 2021 at 1:04pm CST by Eli Cohen

Despite the recent surge in COVID-19 breakthrough cases, the expectation around the NBA is that things will return roughly to normal for the 2021/22 season, writes ESPN’s Tim Bontemps in his offseason roundup.

Bontemps polled 10 executives and scouts on some of the most pressing questions of the offseason, such as who the best player will be this season (Giannis Antetokounmpo and Kevin Durant tied for first), the best moves of the offseason (the Heat signing Kyle Lowry won out over the Magic drafting Jalen Suggs and the Wizards getting off Russell Westbrook‘s contract), the worst moves (DeMar DeRozan‘s signing with the Bulls), and others.

The executives also gave their thoughts on why fewer teams seem to be tanking this season and who should be considered the favorites to win the title.

We have more news from around the world of hoops:

2022 was at one point considered a loaded free agency class, writes Bobby Marks of ESPN (Insider link), but after the most recent round of extensions, the big names have been whittled down to Bradley Beal and Zach LaVine. Marks predicts some, if not all of Josh Richardson, Aaron Gordon, Jalen Brunson, Tyus Jones and Mitchell Robinson will sign extensions before the season starts and quotes a Western Conference executive who says that due to scarcity of stars on the market, he expects the regular season trade scene to be extremely active. Marks also breaks down the teams who have or could have cap space next summer.
2012 NBA Slam Dunk Contest Champion Jeremy Evans, who spent five seasons with the Jazz and two more with the Mavs and Hawks, has signed with the Greek team Panathinaikos, according to Hoops Rumors’ JD Shaw (Twitter link).
JD Shaw also tweets that former Raptor Lucas “Bebé” Nogueira, who was picked just one spot after Antetokounmpo in the 2013 draft, has come out of retirement to play for Sao Paolo in his home country of Brazil. As Shaw notes, Nogueira had announced his retirement in February.

Community Shootaround: Lauri Markkanen

August 21st, 2021 at 11:58am CST by Dana Gauruder

Most of the prominent free agents this summer have already been signed, but restricted free agent Lauri Markkanen remains in limbo.

The Bulls forward has been seeking a big offer sheet but that hasn’t come to fruition. With most teams having already eaten up their cap space, it’s unlikely to occur.

Markkanen could still be part of a sign-and-trade but there are complications. Teams such as the Pelicans, Mavericks, Timberwolves and Celtics have been mentioned as potential destinations with the first two having the most interest.

The NBA’s investigation into the Lonzo Ball sign-and-trade makes it unlikely Chicago would pursue another sign-and-trade until the league completes its probe. The Bulls are also reportedly driving a hard bargain. They want a first-round pick in return and don’t want to take on a long-term contract. Some of Markkanen’s reported suitors can absorb his contract in a traded player exception, depending upon the starting salary Markkanen would accept.

The main alternative for Markkanen would be to sign his $9MM qualifying offer, which would allow him to become an unrestricted free agent next summer. Markkanen would likely be a second-unit player behind 2020 lottery pick Patrick Williams if he returns to Chicago.

This leads to our question of the day: Where do you think restricted free agent Lauri Markkanen will wind up this coming season?

Please take to the comments section to voice your opinion. We look forward to your input.

Southwest Notes: Markkanen, Lamb, Grizzlies, Mavs’ Staff

August 18th, 2021 at 7:31pm CST by Dana Gauruder

The Mavericks would be happy to acquire Lauri Markkanen from the Bulls if he would agree sign under market value so they could fit him into their $11MM traded player exception, according to Tim Cato of The Athletic. In that sign-and-trade scenario, the Mavericks likely wouldn’t have to give up a rotation player.

The alternative would be to offer Markkanen a three-year deal in the $44MM range. The Bulls have some interest in Maxi Kleber, Cato adds. Kleber has a base salary of $8.75MM next season and his 2022/23 salary is non-guaranteed. However, the Mavericks would be giving up a rotation piece and replacing him with a player with a higher salary.

We have more from the Southwest Division:

The Rockets have made a two-way qualifying offer to Anthony Lamb but he hopes that he proved in summer league play he deserves a standard contract, Jonathan Feigen of the Houston Chronicle writes. “Hopefully, I convince them I deserve more,” Lamb said. He averaged 7.2 PPG, 5.4 RPG and 1.8 APG and played strong defense in five outings at Las Vegas.
The Grizzlies have become a proverbial dumping ground for teams looking to move contracts they’re trying to shed, says Mark Giannotto of the Memphis Commercial Appeal. Their recent acquisition of Patrick Beverley – who is being flipped to Minnesota – and Rajon Rondo from the Clippers demonstrates that strategy. Memphis has made a number of similar moves in recent years, stockpiling first-round draft picks and opening up cap space after this season with the hope landing another star to join Ja Morant and Jaren Jackson Jr.
The Mavericks are looking to add another assistant to Jason Kidd’s staff, according to Brad Townsend of the Dallas Morning News, who tweets that they’ve interviewed at least two female candidates with the aim of hiring one of them if the right candidate is found. Dallas had a female assistant last season in Jenny Boucek, who joined Rick Carlisle‘s staff in Indiana.

Central Notes: Markkanen, Diallo, Mobley, Stevens

August 17th, 2021 at 12:50pm CST by Arthur Hill

The NBA’s investigation of the Bulls for possible tampering involving Lonzo Ball could complicate efforts to find a new team for Lauri Markkanen, writes K.C. Johnson of NBC Sports Chicago. Because Markkanen is a restricted free agent, he will need cooperation from Chicago to go elsewhere, either by not matching his offer or working out a sign-and-trade, but Johnson doesn’t believe the league will permit sign-and-trade negotiations until the probe of the early agreement with Ball is wrapped up.

The Pelicans and Mavericks both have large trade exceptions, so they remain potential destinations for Markkanen, Johnson adds. The Bulls are asking for a first-round pick in any sign-and-trade deal, and they’re not willing to take on a large, lengthy contract in return. Another possibility is for Markkanen to accept his one-year, $9MM qualifying offer and remain in Chicago, but he has indicated that he prefers to play somewhere else next season.

There’s more from the Central Division:

The Pistons will face a roster crunch if they keep restricted free agent Hamidou Diallo, observes James L. Edwards III of The Athletic. Detroit already has 15 guaranteed contracts for the upcoming season, and while Diallo is searching for a better deal than his $2.1MM qualifying offer, he will likely sign it if he can’t get more money elsewhere. Edwards expects Josh Jackson, Jahlil Okafor or Sekou Doumbouya to be traded or released if Diallo stays in Detroit.
Jordan Brink and Austin Dufault have been promoted to player development coaches with the Pistons, Edwards tweets. Brink has been with the team since 2016 and is the only remaining member of Stan Van Gundy’s staff. Dufault played collegiately at Colorado and spent six seasons as a player in Europe.
The Cavaliers were satisfied with their Summer League showing, which included the first on-court experience for No. 3 pick Evan Mobley, per Chris Fedor of Cleveland.com. In three games, Mobley showed off the skills that made him one of the top prospects in the draft, but also displayed areas where he needs work, as he shot just 1 of 8 from three-point range and didn’t have reliable moves in the post. Summer League also provided a showcase for Lamar Stevens, Fedor adds, who could end up fighting for the final roster spot with Mfiondu Kabengele and Damyean Dotson if the team makes more roster additions.