Chicago Bulls Rumors | Hoops Rumors

Bulls Sign Henri Drell, Waive Justin Lewis

December 16th, 2023 at 2:22pm CST by Luke Adams

5:00pm: The moves are official, per NBA.com’s transaction log.

2:22pm: The Bulls have agreed to sign forward Henri Drell to a two-way contract, his agent Matt Bollero tells Shams Charania of The Athletic (Twitter link).

In order to open up a two-way slot for Drell, Chicago is waiving forward Justin Lewis, according to Charania (Twitter link).

Drell, 23, is a 6’9″ Estonian wing who joined the Windy City Bulls in January 2022 and has now spent parts of three seasons with Chicago’s G League affiliate. In 11 Showcase Cup games for Windy City this fall, he has averaged 12.4 points, 6.8 rebounds, 2.5 assists, and 2.0 steals in 28.6 minutes per night, posting a shooting line of .433/.306/.800.

Lewis signed a two-way contract with Chicago in the summer of 2022 after going undrafted out of Marquette, but tore his ACL last August, prompting the team to waive him last fall. He rejoined the Bulls on a new two-year, two-way deal in March and made his debut for Windy City last month.

However, Lewis hasn’t been particularly effective so far this season, averaging just 5.7 PPG and 5.0 RPG on .333/.135/.500 shooting in 12 games (25.2 MPG) for Chicago’s NBAGL squad. He hasn’t played at all for the NBA team.

Once the moves are official, Drell will join Adama Sanogo and Onuralp Bitim as the Bulls’ two-way players.

And-Ones: Panic, Trade Candidates, Awards, Atkinson, Thabeet

December 15th, 2023 at 8:51pm CST by Rory Maher

Which teams that hoped to be contenders entering 2023/24 should be panicking after slow starts? John Hollinger of The Athletic explores that topic, with the Warriors topping his list (an eight on a scale of one-to-10).

The indefinite suspension of Draymond Green and the poor play of Andrew Wiggins and Klay Thompson “presents a dilemma” for Golden State, which just won the title two seasons ago. The Warriors will be faced with many difficult decisions in the coming months, Hollinger notes, with Thompson’s expiring contract looming large.

The Raptors (seven), Hawks (six), Grizzlies (five) and Suns (four) also hold places on Hollinger’s “Panic Meter” for various reasons.

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

Speaking of the Raptors, two of their starters — Pascal Siakam and OG Anunoby — are at the top of the trade candidate big board compiled by Sam Vecenie of The Athletic. Bulls guard Zach LaVine ranks third on the 25-player list, followed by his Chicago teammates DeMar DeRozan and Alex Caruso.
Tim Reynolds of The Associated Press takes a look at the early impact of the NBA’s new 65-game requirement for awards, writing that Heat guard Tyler Herro (ankle) and Trail Blazers guard Anfernee Simons (thumb surgery) are among the noteworthy players who won’t meet that requirement due to injuries, with many others having missed several games already. Herro has accepted that he won’t have a shot at a postseason award. “Next year then,” Herro said. “Or the year after that.”
Warriors assistant coach Kenny Atkinson has joined the staff of the French national team, per a team press release. Atkinson, formerly the head coach of the Nets, interviewed for several NBA head coaching jobs in recent years.
Hasheem Thabeet, the No. 2 overall pick of the 2009 draft, is signing a contract with the Kaohsiung Steelers, a Taiwanese team, agent Jerry Dianis tells Michael Scotto of HoopsHype (Twitter link). Thabeet appeared in 224 NBA games with the Grizzlies, Rockets, Blazers and Thunder, but has been out of the league since the ’13/14 season.

Central Notes: Cavs, Mitchell, DeRozan, Pacers, Johnson, Bucks

December 15th, 2023 at 4:01pm CST by Luke Adams

After the Cavaliers‘ 51-win 2022/23 season came to a disappointing end with an unceremonious exit in the first round of the playoffs, that momentum appears to have carried over to this fall, with the team off to a 13-12 start. However, speaking to Steve Bulpett of Heavy.com, star guard Donovan Mitchell rejects the idea that the postseason letdown in the spring left a lasting mark on the team.

“I think we came back motivated,” he said. “We’ve got guys who came back ready to go. I think it motivated us, but, you know, it’s not showing it. That’s the tough part. But I’m not deflated. We’ve got to figure this thing out. That’s it. That’s all you can really do. Find ways. That’s it. It’s tough obviously, you know, winning a few, losing a few, but we’re not going to quit. We’re going to keep going.”

Mitchell also said that he believes the Cavaliers have the pieces to be a contender and that it’s just a matter of getting everyone on the same page. But Mitchell’s conversation with Bulpett occurred on Thursday, and the challenge facing the team got a lot tougher on Friday, when word broke that both Darius Garland and Evan Mobley will be sidelined until well into the new year due to injuries.

Earlier today, Jake Fischer of Yahoo Sports reported that the Cavaliers had shown no inclination to make Mitchell available via trade despite the “mounting interest” of rival teams. It’s unlikely that stance has changed in the past few hours, in spite of the Garland and Mobley news, but it’ll certainly be worth keeping a close eye on how the situation in Cleveland plays out in the coming weeks to see how the club responds.

Here’s more from around the Central:

Bulls forward DeMar DeRozan is “deeply valued internally,” according to K.C. Johnson of NBC Sports Chicago, who says the organization appreciates the veteran not just for his skills on the court but for his leadership off of it. The team has similar feelings about Alex Caruso, Johnson adds.
A recent report indicated that the Bulls and DeRozan are far apart in extension talks and suggested that the forward is a trade candidate in the final year of his contract. For what it’s worth though, DeRozan has expressed a desire to stay where he is. “Chicago is Chicago to me,” he told Julia Poe of The Chicago Tribune. “I love it here. Obviously it’s a place I want to be in my career. None of that has changed. I don’t have no other type of doubts or feelings or suggestions to be elsewhere. That don’t cross my mind.”
Following a run to the play-in tournament final, Tyrese Haliburton spoke about his hope that seeing how the Pacers play will make impact players want to join him in Indiana. With that in mind, Dustin Dopirak of The Indianapolis Star considers what sort of moves the Pacers could make by February’s deadline and what their best trade assets might be.
James Johnson‘s new one-year, minimum-salary deal with the Pacers is non-guaranteed, Hoops Rumors has confirmed. Johnson will receive his full salary ($2,241,188) if he remains under contract beyond January 7.
The chippy, hard-fought nature of Wednesday’s victory over the division-rival Pacers, which culminated in an argument over the game ball, may have helped the Bucks build a stronger bond, as Eric Nehm of The Athletic writes. “When stuff happens, whether it’s extremely serious or it’s small, any time you can get into something and you can look over and see people got your back and they’re with you, it changes things,” Damian Lillard said. “… I think (Wednesday), for our team, it was just a step in that direction where we kind of — we were with each other, so I’m not saying that’s going to make us the world’s greatest, but it was a step in the right direction.”

Eastern Rumors: LaVine, Bulls, Raptors, Pacers, Sixers

December 15th, 2023 at 11:16am CST by Luke Adams

It has been difficult to sift through the noise in the rumor mill to determine which teams might actually be legitimate suitors for Zach LaVine, according to Jake Fischer of Yahoo Sports, who notes that while the Sixers and Lakers have frequently been mentioned as possibilities, their level of interest in the Bulls guard is unclear.

Teams like the 76ers, Knicks, and Heat haven’t seriously engaged or shown real interest in LaVine, says K.C. Johnson of NBC Sports Chicago. Joe Cowley of The Chicago Sun-Times reported this week that the Lakers are believed to be LaVine’s preference in the event of a trade, but we don’t have a sense of whether that interest is reciprocated.

As Fischer writes – and as Cowley previously suggested – if the Bulls are going to move LaVine, they’d ideally like to do it well in advance of February’s deadline in order to give them time to evaluate their new-look roster before deciding on whether or not to trade more players, such as DeMar DeRozan or Alex Caruso.

However, LaVine’s injury history was already considered a red flag for potential suitors, and the fact that he’s currently on the shelf due to a foot issue only lends credence to that concern, Fischer notes. On top of that, the Bulls’ asking price is believed to be high, consisting of an established starter, a young player with upside, and first-round draft capital, sources tell Fischer. It remains to be seen whether any team is willing to put a package like that on the table.

According to Fischer, the Bulls have also explored the possibility of trying to move LaVine in a deal for another All-Star level player. They attempted to pitch the Cavaliers on a swap that would have sent point guard Darius Garland to Chicago, sources tell Yahoo Sports. Presumably, Cleveland didn’t have much interest in that concept.

Here are a few more rumors from around the Eastern Conference, courtesy of Fischer:

Given that the 2024 draft class is considered relatively weak, there’s a sense that teams in search of roster upgrades might be more inclined to move their ’24 first-round picks in trades this season, but there’s not yet a long list of sellers. According to Fischer, league personnel believe the Raptors will be more inclined to join that group of sellers this winter than they have been in past years, after they saw Fred VanVleet walk in free agency over the summer. “Toronto’s going to be forced to make a decision,” one GM said to Yahoo Sports.
Pascal Siakam is considered the more likely trade candidate than Raptors teammate OG Anunoby, but a couple of the clubs believed to have interest in Siakam – the Pacers and Kings – seem “more vested” in the idea of landing Anunoby, Fischer writes.
Speaking of the Pacers, rival executives think they’ll be aggressive in exploring ceiling-raising trades that would consolidate some of their depth pieces, though Fischer is unconvinced the team is prepared to do anything substantial quite yet. Veteran backup point guard T.J. McConnell continues to draw interest from playoff teams seeking backcourt help, Fischer adds.
The Sixers aren’t expected to pursue any major roster changes until much closer to February’s trade deadline, according to Fischer.

Jazz’s John Collins Reportedly On Trade Block

December 14th, 2023 at 3:24pm CST by Rory Maher

The Jazz are open to trading forward John Collins, a team source tells Andy Larsen of The Salt Lake Tribune (subscriber link).

The news is somewhat surprising, since Utah just traded for Collins in July. Still, the Jazz only gave up a second-round pick to acquire the 26-year-old, who was essentially salary dumped by the Hawks after being involved in rumors for years.

As Larsen explains, the Jazz have been “frustrated” by Collins’ “slow uptake” on learning the team’s system on both offense and defense. He also has the worst net rating differential on the team (minus-11.8), and hasn’t provided much beyond his solid shooting and rebounding, says Larsen.

However, Collins’ “iffy” performance early in 2023/24 — plus the $77MM he’s owed over the next three years — could make it difficult for the Jazz to find a trade partner, according to Larsen. Utah acquired the seven-year veteran to either have him as long-term piece or to flip him in the future for a positive return. Both of those scenarios seem unlikely at this point.

Here are a few more Jazz notes and rumors from Larsen:

Aside from Collins, guards Jordan Clarkson and Collin Sexton are also in Larsen’s “more likely to be traded” category, and he notes that a previous report from Michael Scotto of HoopsHype indicated that Talen Horton-Tucker and Kelly Olynyk could be on the trade block too. Clarkson, Sexton and Horton-Tucker are all guards who “have had a penchant for over-dribbling, turnovers, and poor shot selection” in ’23/24, Larsen writes. Utah likes Sexton’s intensity and effort, but is looking for long-term backcourt members “who are more natural play-makers or have more defensive size.”
Scotto reported that the Jazz could be in the market for a veteran point guard, but Larsen hears they’d only be interested if the price is right. The team’s disappointing start will likely have the front office prioritizing the future over a big win-now splash unless a superstar becomes available, per Larsen.
The Jazz are unlikely to trade for Bulls guard Zach LaVine “unless it comes at a bargain-basement price,” the source tells Larsen.
As for the players the team wants to keep, that group features Lauri Markkanen, Keyonte George, Taylor Hendricks, Walker Kessler and Ochai Agbaji, according to Larsen. Hendricks was selected ninth overall in June’s draft, but has spent most of the season in the G League. However, the Jazz are strong believers in his potential, and declined “an otherwise promising trade opportunity” involving Hendricks over the summer, Larsen reports.

Warriors, Knicks, Lakers Top Latest NBA Franchise Valuations

December 13th, 2023 at 2:06pm CST by Luke Adams

The Warriors remain the NBA’s most valuable team, according to Kurt Badenhausen of Sportico (subscription required), who unveiled the website’s updated NBA franchise valuations for 2023 on Wednesday.

Badenhausen projects the Warriors’ value at $8.28 billion, making them one of three teams to surpass the $7 billion mark this year. The Knicks have a projected worth of $7.43 billion, while the Lakers come in at $7.34 billion, per Sportico.

As Badenhausen details, Sportico spoke to more than 30 team executives, owners, investors, bankers, consultants, and lawyers in compiling their latest NBA franchise valuations. According to Sportico, the average value of an NBA team is up 33% from a year ago and 70% from when the site first started publishing valuations three years ago.

A combination of factors are contributing to the soaring value of NBA franchises, says Baudenhausen. Those factors include national media deals, international opportunities, scarcity (ie. only 30 teams are available), and an equal 1/30th stake in the league.

In the past, we’ve used Forbes as our primary source for NBA franchise valuations, but with Badenhausen making the move from Forbes to Sportico in recent years and the outlet establishing itself as a go-to resource for sports business news, we’re highlighting Sportico’s projections in 2023.

Of course, it’s worth noting that figures from Sportico, Forbes, or any other media outlet are just estimates and often don’t quite match up with the sale prices for franchises that change hands. But thse projections are usually in the right ballpark and remain useful for getting a sense of the league’s most and least valuable teams.

Here’s Sportico’s full list of NBA franchise valuations for 2023:

Golden State Warriors: $8.28 billion
New York Knicks: $7.43 billion
Los Angeles Lakers: $7.34 billion
Boston Celtics: $5.12 billion
Chicago Bulls: $4.83 billion
Los Angeles Clippers: $4.56 billion
Miami Heat: $4.17 billion
Philadelphia 76ers: $4.13 billion
Toronto Raptors: $4.11 billion
Houston Rockets: $4.05 billion
Dallas Mavericks: $4.03 billion
Phoenix Suns: $4 billion
Brooklyn Nets: $3.98 billion
Sacramento Kings: $3.46 billion
Denver Nuggets: $3.4 billion
Atlanta Hawks: $3.35 billion
Washington Wizards: $3.33 billion
San Antonio Spurs: $3.29 billion
Portland Trail Blazers: $3.28 billion
Indiana Pacers: $3.27 billion
Utah Jazz: $3.24 billion
Cleveland Cavaliers: $3.22 billion
Milwaukee Bucks: $3.2 billion
Orlando Magic: $3.12 billion
Detroit Pistons: $3.1 billion
Oklahoma City Thunder: $3.08 billion
Charlotte Hornets: $3 billion
Minnesota Timberwolves: $2.94 billion
Memphis Grizzlies: $2.82 billion
New Orleans Pelicans: $2.72 billion

For the most part, the most significant valuation increases (by percentage) within the last year belonged to the teams on the bottom half of this list. Besides the Bucks, whose projection rose by 32%, every franchise in the bottom 10 received at least a 50% bump from Sportico’s 2022 valuations.

The Nuggets, who cracked the top half of this list following their 2023 championship, were another big riser — their valuation increased by 60% and they moved up six spots.

It’s worth noting that the Mavericks‘ reported valuation in Mark Cuban‘s sale to the Adelson and Dumont families reportedly came in around $3.5 billion, well below Sportico’s valuation.

However, more recent reporting has suggested the final valuation will be closer to $4 billion when the transaction closes. That was also a unique situation since Cuban is retaining control of basketball operations as part of the sale agreement, despite surrendering majority control of the business. He’ll hang onto about 25% of the franchise, according to Sportico.

And-Ones: IST, 2024 Draft, Team USA, Trade Candidates

December 12th, 2023 at 11:12am CST by Luke Adams

The final of the NBA’s first in-season tournament on Saturday night was the league’s most-watched regular season game (besides Christmas Day games) on any network in nearly six years, according to a press release.

The broadcast of the Lakers‘ victory over the Pacers averaged 4.58 million viewers, peaking at 5.68 viewers. No regular season broadcast has achieved those heights since February of 2018. The audience for Saturday’s final also represented a 64% increase over the average viewership for last season’s prime-time Saturday games on ABC.

While it was already a lock that the in-season tournament wouldn’t be a one-off and that we’d see it again next season, those television ratings are more evidence that the event accomplished what the NBA wanted it to.

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

In their latest 2024 NBA draft notebook, ESPN’s Jonathan Givony and Jeremy Woo (Insider link) take a closer look at several prospects, considering whether there will be roles in the NBA for traditional big man Zach Edey and defensive specialist Ryan Dunn, examining the rise of Colorado’s Cody Williams to No. 4 on their big board, and evaluating Bronny James‘ USC debut. James already looks like USC’s best defender but is a work in progress offensively, says Givony.
The U.S. men’s national team will face South Sudan on July 20 and Germany on July 22 at London’s O2 Arena ahead of the 2024 Olympics in Paris, USA Basketball announced today in a press release. South Sudan’s team earned its first-ever Olympic berth earlier this year, while the Germans won the 2023 World Cup, knocking off Team USA in the semifinals.
In the latest HoopsHype podcast, Michael Scotto and Yossi Gozlan identified and discussed several possible trade candidates who will become eligible to be dealt as of December 15, including multiple Lakers, Rockets, and Bulls players. Several of the names on their list – such as D’Angelo Russell, Jock Landale, and Caris LeVert – were ones we singled out in our most recent article for Trade Rumors Front Office subscribers.

Bulls, DeRozan “Far Apart” On Contract Extension

December 11th, 2023 at 8:16pm CST by Dana Gauruder

The Bulls and veteran wing DeMar DeRozan are far apart on a potential contract extension, according to Chris Haynes of Bleacher Report (video link).

DeRozan is in the final season of a three-year, $81.9MM contract. He’s making $28.6MM this season and will be an unrestricted free agent if he doesn’t ink an extension.

Chicago was in a similar situation with center Nikola Vucevic last season but wound up re-signing him to a three-year, $60MM deal just before free agency.

However, Haynes’ sources said it’s unlikely that will occur with DeRozan. A more probable scenario is that they’ll look to move him rather than risk losing their leading scorer without getting some assets back for him.

“I was told that if DeRozan and the Bulls, if they cannot reach a contract extension, it is pretty likely that the Bulls may look to move DeMar DeRozan at the trade deadline,” Haynes said. “I don’t think the Bulls want to be put in a situation where DeMar DeRozan can walk in free agency and they get nothing in return.”

Haynes stressed that the Bulls aren’t currently shopping DeRozan, who is averaging 21.8 points, 5.0 assists and 3.8 rebounds per night. His shooting averages are down, compared to the last two seasons.

He posted averages of 24.5 points, 5.1 assists and 4.6 rebounds last season while shooting 50.45 from the field. He’s made 44.2% of his field-goal attempts through Chicago’s first 21 games this season.

The Heat and Knicks are among the teams that have previously been named as destinations that would appeal to DeRozan. The Lakers have also been thrown into the mix as a possible suitor.

At the start of the season, DeRozan said he wasn’t the type of player who pushes for a trade: “I feel like I wouldn’t be able to lay down comfortably if I went somewhere and said, ‘(Expletive) trade me. I’m tired of this.’ That’s just not me. I’m going to compete, be the best version I can be and let it go from there.”

Charania’s Latest: Siakam, Bulls, Tucker, Vincent, Morant, Grizzlies

December 11th, 2023 at 11:02am CST by Arthur Hill

Rival teams believe Pascal Siakam is the most likely player to be traded if the Raptors decide to break up their core, according to Shams Charania of The Athletic.

Charania identifies the Hawks, Kings and Pacers as “expected suitors” for either Siakam or OG Anunoby. Atlanta had “intense conversations” with Toronto during the offseason about a potential Siakam deal, and Sacramento and Indiana have both reached out to the Raptors about his availability over the past year, according to Charania. However, he adds that the Kings are becoming more confident that they can develop into a contender with their current roster and may be less likely to pursue a major trade.

Both players are headed toward free agency next summer, with Siakam on a $37.9MM expiring contract and Anunoby holding a $19.9MM player option for 2024/25 that he’s virtually certain to decline. Toronto’s front office might be more aggressive about seeking a trade after losing free agent Fred VanVleet this offseason, but a rival executive tells Charania to expect “a game of chicken” from the Raptors all the way to the deadline.

Charania offers an inside look at several other teams:

The Bulls have won four straight games without Zach LaVine, but his injury setback is expected to slow down any progress toward a trade. Charania identifies the Lakers and Sixers as potential destinations, but adds that both teams are being patient while considering their options. Several teams have called about Alex Caruso, league sources tell Charania, but Chicago’s front office has no interest in moving him.
P.J. Tucker is unhappy with his current situation, and the Clippers are working with him to resolve it, either by giving him a larger role or moving him elsewhere, according to Charania. Tucker, who came to L.A. in the James Harden trade, hasn’t played since November 27 and is mainly serving as a mentor to the team’s younger players. Charania hears that multiple contenders are keeping an eye on Tucker’s potential availability.
The Lakers could have Gabe Vincent back on the court by next Monday, sources tell Charania. After signing as a free agent this summer, Vincent has been dealing with a left knee effusion that has limited him to four games.
Grizzlies guard Ja Morant “looks good” as he prepares to return from his suspension, according to Charania’s sources. Commissioner Adam Silver said over the weekend that Morant “has complied with everything he’s been asked to do.” He could be cleared to return as early as December 19 for a game at New Orleans.
The Grizzlies will have to remove someone from their roster when Morant is reinstated, and they would prefer to keep veteran center Bismack Biyombo, according to Charania. Memphis signed Biyombo to a one-year, $5MM contract after an injury sidelined Steven Adams for the season, and he has been a capable fill-in, averaging 6.1 points, 7.0 rebounds and 1.25 blocks in 15 games. Sources tell Charania that Memphis has been active in trade talks around the league involving other players on its roster.

Lakers Notes: Tournament, Trade Rumors, Russell, LeBron

December 9th, 2023 at 6:25pm CST by Arthur Hill

The Lakers blitzed most of their competition on the way to the finals of the in-season tournament, but they haven’t encountered an offense on the level of the Pacers, whom they’ll face in tonight’s title game, writes Khobi Price of The Orange County Register. Indiana has scored 122 and 128 points in its two knockout-round contests, pushing the ball repeatedly and relying heavily on three-point shooting.

“Their pace of play is second to none,” Austin Reaves said. “They score a lot of points and are very capable of going on quick runs just with the way they shoot the ball and the way they play. Being able to transition or not – honestly, they kind of make it all transition; even if you make a shot, they get it out of the net real quick. Just being able to focus on kind of building a wall and trying to stop that.”

It’s a sharp contrast with the Lakers, who are an older team with plenty of size to overpower opponents. Price notes that the Pacers tend to allow a lot of shots in the paint and are prone to foul trouble, and coach Darvin Ham said it’s important to not let Indiana dictate the style of play.

“We can’t get so caught up in trying to stop and prevent them from doing what they like to do,” Ham said. “We will, but we also can’t forget to enforce our will upon the game, too. They have to guard us, too. Coming out with an aggressive mindset will definitely be the first and foremost thing that we do.”

There’s more on the Lakers:

The front office wants to see the full team in action for a while before getting serious about trade talks, sources tell Zach Lowe of ESPN. Jarred Vanderbilt, Cam Reddish and Rui Hachimura all returned from injuries within the past week, and Gabe Vincent remains sidelined with a left knee issue. Any deals likely won’t happen until after January 15, Lowe adds, when the last of the team’s offseason free agent signees will become eligible to be moved. L.A. has been mentioned as a possible destination for the Bulls’ Zach LaVine, but Lowe hears that management is reluctant to downgrade the team’s defense to improve its offense.
D’Angelo Russell tells Chris Haynes of TNT and Bleacher Report (video link) that the in-season tournament is providing a “cheat code” to prepare for the playoffs, saying it has a “second-round, third-round type of feel.”
In an interview with Sirius XM NBA Radio (Twitter link), Ham touts LeBron James as the front-runner for this season’s MVP honors (hat tip to Bleacher Report). “He’s spearheaded everything you see going on with our team,” Ham said. “The numbers he’s putting up. He’s impacting winning. The numbers when he’s on the floor as opposed to when he’s off the floor. … I think it’s a no-brainer.”