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Central Notes: Cavaliers, Sexton, Bulls, Pacers, Stephenson

July 6th, 2022 at 1:31pm CST by Rory Maher

The Cavaliers were decisive and intentional in the areas they wanted to address in free agency, writes Chris Fedor of Cleveland.com (subscriber link). As Fedor previously outlined, bringing back Ricky Rubio was always the top priority in early free agency, but because Rubio is expected to miss at least the first few months of next season while recovering from a torn ACL, the Cavs needed to bring in a second backup point guard to fill in for a while, which is why they agreed to a deal with Raul Neto.

Rubio has been rehabbing in Spain, but sources tell Fedor that the point guard is expected to travel to Cleveland shortly after his signing becomes official so his progress can be checked by team doctors. Adding two backups point guards instead of one creates a roster crunch for the Cavaliers, as after reaching a deal with backup center Robin Lopez, the team will have 15 players under contract with Collin Sexton still a restricted free agent.

Cleveland expects Rubio’s on-court impact could be limited in the first year of his deal, per Fedor, which is why the Cavs brought him back on a three-year contract, with the third year being partially guaranteed. A sign-and-trade with Indiana to free up a roster spot and money remains an option, according to Fedor, who points to Dylan Windler and Cedi Osman as players who could be on the move — if the Pacers are interested.

As for Sexton, sources tell Fedor that the Cavs are determined to stay below the luxury tax line — they’re currently about $15MM below — and view Sexton as worthy of a deal that would pay him in the low-to-mid teens annually. However, despite positive developments in recent negotiations, sources tell Fedor that Sexton wants “starting guard money with an annual salary that starts with a 2, not a 1.”

“He has no market,” an opposing executive told Cleveland.com.

Fedor says the negotiations might take a while, and Sexton accepting his $7.2MM qualifying offer in an attempt to rebuild his value and reach unrestricted free agency in 2023 is a real possibility. Sources also tell Fedor that Darius Garland‘s five-year max extension with the Cavaliers is a straight five-year deal with no player option in the fifth season.

Here’s more from the Central Division:

Zach LaVine outperformed his previous two contracts (rookie contract and then a four-year, $78MM deal that he just completed), but his new five-year max deal with the Bulls will be measured by the team’s postseason performance, not his individual statistics, according to Darnell Mayberry of The Athletic.
In a couple of stories for NBC Sports Chicago, Rob Schaefer explores how impending free agent acquisitions Andre Drummond and Goran Dragic can help the Bulls. Schaefer notes that Drummond isn’t an All-Star-caliber player anymore, but he should still be a marginal upgrade over last season’s backup centers, especially on the boards. As for Dragic, Schaefer views the veteran guard as a low-risk insurance policy for Lonzo Ball, since Dragic is signed to a minimum contract.
Don’t expect Lance Stephenson to re-sign with the Pacers anytime soon, per Scott Agness of Fieldhouse Files (Twitter link). Once Indiana’s trade with Boston is complete, the Pacers will have 19 players under contract for next season, so they’ll have to figure out how to trim the roster before anything happens with Stephenson — assuming they want him back.

13 Trade Exceptions Set To Expire In July

July 4th, 2022 at 12:49pm CST by Luke Adams

A total of 13 traded player exceptions created during the 2021 NBA offseason are set to expire this month if they go unused.

A trade exception is an NBA salary cap exception that can be generated when a team trades a player away. It allows that team to acquire a certain amount of salary without sending out any in return for one year after the exception was created. The club is permitted to trade for a player earning the amount of the exception, plus $100K.

For instance, the Trail Blazers are set to use their $20,864,198 trade exception, created in February’s CJ McCollum trade, to acquire Jerami Grant, who is earning $20,955,000 in 2022/23. Grant narrowly fits into that TPE after accounting for the $100K in wiggle room.

Most trade exceptions expire without being used, but teams can sometimes find a use for them — especially the bigger ones like Portland’s. So it’s worth keeping tabs on which ones are still available.

Here are the 13 exceptions set to expire this month:

Boston Celtics: $17,142,857 (expires 7/18)
Los Angeles Clippers: $8,250,000 (expires 7/18)
Indiana Pacers: $7,333,333 (expires 7/7)
New Orleans Pelicans: $6,382,262 (expires 7/7)
Chicago Bulls: $5,000,000 (expires 7/7)
Memphis Grizzlies: $4,054,695 (expires 7/7)
Brooklyn Nets: $3,246,530 (expires 7/6)
Toronto Raptors: $3,070,052 (expires 7/6)
Atlanta Hawks: $1,782,621 (expires 7/7)
Golden State Warriors: $1,782,621 (expires 7/7)
Milwaukee Bucks: $1,517,981 (expires 7/7)
Boston Celtics: $1,440,549 (expires 7/7)
Brooklyn Nets: $118,342 (expires 7/6)

The Celtics’ $17MM exception, created in last year’s Evan Fournier sign-and-trade, is the most noteworthy one here, but it appears unlikely to be used. Boston reached a deal last week to acquire Malcolm Brogdon without having to use the exception, and now appears to be a long shot to strike another major trade agreement.

The third exception on this list, the Pacers’ $7.3MM TPE, will disappear if Indiana decides to operate under the cap. The team would have to renounce the exception in order to actually make use of its cap room.

While it’s possible some of the other exceptions on this list will be used before they expire, they won’t accommodate any of the deals that have been agreed upon to date.

The full list of outstanding trade exceptions can be found right here.

Spurs, Pacers, Pistons Still Have Cap Room Available

July 4th, 2022 at 9:01am CST by Luke Adams

While many free agent agreements have been reported since last Thursday evening, few will become official until the NBA’s moratorium period ends this Wednesday. That means the terms that have been reported – and the cap space or cap exceptions teams will use to complete those signings – haven’t yet been locked in.

Still, we have a pretty good sense of what the cap room situation looks like for teams around the league. Here’s a snapshot, as of the morning of July 4, of which clubs still have the most spending power:

Teams with cap room:

By our count, the Spurs project to have about $38MM in remaining cap room, and could push that number even higher by stretching Danilo Gallinari‘s partial guarantee across three years when they officially waive him. However, it’s very unlikely they’d do so unless they have a specific need for that extra room. San Antonio could also create some extra space by waiving Keita Bates-Diop or Tre Jones, who have non-guaranteed salaries for 2022/23, though there has been no indication that will happen.

The Pacers, meanwhile, should have a little over $26MM in cap room once the Malcolm Brogdon trade is finalized, based on our projections. Like San Antonio, Indiana has a couple players without full guarantees (Duane Washington and Terry Taylor) and could create more cap space by waiving one or both.

The Pistons have already committed a chunk of their cap room to taking on Nerlens Noel, Alec Burks, and Kemba Walker from New York, but haven’t used it all yet. If Walker gives back his minimum salary in a reported buyout agreement and Detroit uses its room exception to sign Kevin Knox to his two-year, $6MM deal, the team could have $14MM+ in space — or even more, if Walker’s dead money is stretched across three seasons.

It remains unclear what the Spurs, Pacers, and Pistons will do with their remaining cap room. All three teams have been linked to restricted free agent center Deandre Ayton at some point during the offseason and could theoretically still make a run at him, with Indiana and Detroit perhaps sending back players in a sign-and-trade deal to fit a max deal for the big man under the cap. Still, there’s a sense the Pistons have backed off Ayton after landing Jalen Duren on draft night, and it’s unclear whether the Spurs or Pacers have serious interest.

Accommodating salary-dump trades to acquire more assets could be an option for all three teams, either in the offseason or close to the trade deadline.

The Knicks are the other team expected to use cap room this summer, but after signing Jalen Brunson and Isaiah Hartenstein, they won’t have much left over. Even if they waive Taj Gibson and sign Brunson and Hartenstein to the lowest starting salaries possible based on their reported contract terms, New York projects to have less than $5MM in remaining room.

Mid-level exception teams:

The Hornets, Grizzlies, Thunder, Magic, and Jazz all still have their full non-taxpayer mid-level exceptions available, giving them the ability to offer up to about $10.5MM to a free agent. It’s worth noting though that Utah’s cap situation remains in flux as we wait to see what other moves the team has up its sleeve after trading Royce O’Neale and then agreeing to a blockbuster deal involving Rudy Gobert.

The Hawks, Nets, Heat, Pelicans, and Suns haven’t committed any mid-level money to free agents yet, but unless they shed salary, they’ll probably be limited to the taxpayer MLE (worth about $6.5MM) due to their proximity to the tax line.

The Bulls have used a small portion of their mid-level exception and should still have $7MMish available to spend, but doing so would push them into luxury tax territory, which ownership may be against.

There are some teams that could theoretically open up part or all of their mid-level exception if they’re able to turn reported free agent agreements into sign-and-trades. For example, Ricky Rubio agreed to a three-year, $18.4MM deal with the Cavaliers that will presumably use the MLE, but if Cleveland and Indiana were able to work out a sign-and trade deal involving Rubio, it would free up the Cavs’ mid-level to use on another move.

Bulls Notes: Terry, LaVine, Jones, Eastern Conference

July 2nd, 2022 at 10:56pm CST by Arthur Hill

It didn’t take long for first-round pick Dalen Terry to earn the respect of his new Bulls teammates, writes Darnell Mayberry of The Athletic. In his first practice with Chicago’s Summer League squad, Terry showed why he had a reputation as a maximum-effort player at Arizona.

Second-year forward Patrick Williams singled out Terry as the strongest competitor at today’s practice. That recognition was installed by coach John Bryant, who is trying to make the Summer League experience as competitive as possible.

“It means everything,” Terry said. “I appreciate Pat for doing that. It gave me a little bit more confidence. He was a rookie last year and he’s been through what I’ve been through, obviously. For him to do that, it’s definitely a nod and respect to him. I appreciate him for saying that.”

There’s more from Chicago:

Zach LaVine‘s new max contract was necessary for the Bulls to maintain roster stability, Mayberry contends in a separate story. While the investment could top $215MM, LaVine is a two-time All-Star who’s still in his prime at age 27 and he gives the team a foundation to build around.
Derrick Jones Jr. wasn’t in the Bulls’ long-range plans when they acquired him from Portland last summer, but he played well enough to earn a new contract, Mayberry adds. Jones was taken as a throw-in to get a first-round pick in a three-team deal that also involved Cleveland. Injuries and COVID-19 created a chance for him to play and he proved useful as a small-ball center. The Bulls pursued Danilo Gallinari before re-signing Jones, Mayberry notes, but Gallinari decided to join the Celtics.
The Bulls are putting together a successful offseason, but so are several other teams in the Eastern Conference playoff race, per Joe Cowley of The Chicago Sun-Times. Cowley rates the offseason progress of the top nine teams in the East, giving an A to the Celtics and A-minuses to the Bucks and Hawks. Chicago gets a C, as Cowley is skeptical about the philosophy of keeping the current roster together after a quick playoff exit.

Scotto’s Latest: Jazz, Raptors, Nets, DiVincenzo

July 2nd, 2022 at 3:43pm CST by Luke Adams

Before they reached an agreement to send Rudy Gobert to Minnesota on Friday, the Jazz asked the Raptors about the possibility of acquiring forward OG Anunoby and swingman Gary Trent Jr., league sources tell Michael Scotto of HoopsHype.

Toronto was linked to Gobert repeatedly during the first half of the offseason. Still, as great as the three-time Defensive Player of the Year is, it was never clear how badly the Raptors wanted to break up their core to acquire a big man who didn’t fit the versatile, switchable, and positionless brand of basketball the team has adopted. Whether the Raptors balked at Utah’s asking price or the Jazz simply preferred Minnesota’s offer, Gobert is off the table for Toronto.

Here’s more from Scotto:

The Celtics, Bucks, Nets, and Bulls are among the teams that expressed interest in Chris Boucher before he agreed to re-sign with the Raptors, while forward Thaddeus Young – who is also returning to Toronto – drew interest from the Celtics and Pacers, according to Scotto.
The Nets made it a priority this offseason to land a wing defender capable of guarding multiple positions, which was why they agreed to trade for Royce O’Neale even as news of Kevin Durant‘s trade request was breaking. As Scotto explains, the Nets and Jazz previously explored a deal involving O’Neale and Joe Harris prior to the in-season trade deadline.
In addition to receiving interest from teams willing to give him the full taxpayer mid-level exception, Donte DiVincenzo also received an offer from a team with cap space that would’ve exceeded the two-year, $9.3MM contract he’s signing with the Warriors, says Scotto. The second-year player option Golden State gave him and DiVincenzo’s belief that the Warriors give him the best opportunity to play for a contender were factors in his decision to accept less money, Scotto adds.

Free Agency Notes: LaVine, Harden, Porter Jr., Mavericks

July 2nd, 2022 at 1:52pm CST by JD Shaw

Bulls star Zach LaVine agreed to re-sign with the team on Friday, reaching a five-year, maximum-salary agreement worth $215MM. While the money was certainly a major factor in LaVine’s decision, it’s also about his loyalty to the Bulls and his confidence in the team’s direction going forward, K.C. Johnson of NBC Sports Chicago writes.

“Chicago is my home,” LaVine said. “I really started making my name here. And I want to continue what I helped start here as well. I’m extremely excited. I appreciate the fans. And I’m ready to continue this winning process that we have going.”

LaVine guided the Bulls to a playoff berth this season, averaging 24.4 points, 4.6 rebounds and 4.5 assists per game. He also shot an efficient 48% from the floor and 39% from distance. It was his second straight All-Star campaign — the only two of his career to date.

Here are some other free agency-related notes:

The Sixers are meeting with star free agent James Harden in the Hamptons on Saturday to discuss a multi-year deal, Chris Haynes of Yahoo Sports reports (via Twitter). Harden opted out of his $47.3MM player option and will presumably accept a more team-friendly multiyear deal. Philadelphia acquired him prior to last season’s trade deadline, sending away a package that featured disgruntled star Ben Simmons.
Otto Porter Jr.‘s deal with the Raptors is believed to be worth most, if not all, of the $10.5MM non-taxpayer mid-level exception, Josh Lewenberg of TSN Sports writes. Porter reportedly agreed to a two-year deal with Toronto. The second season contains a player option.
The Mavericks may keep an open roster spot for the immediate future, veteran NBA reporter Marc Stein relays (Twitter link). Dallas has expressed interest in free agent guard Goran Dragic, but the team’s need for a back-up wing is apparent. The Mavs could wait to see if an unexpected solution arises at the position, Stein notes.

Bulls Re-Sign Derrick Jones To Two-Year Deal

July 1st, 2022 at 1:39pm CST by Luke Adams

JULY 6: Jones is officially back under contract with the Bulls, according to a Twitter announcement from the team.

JULY 1: The Bulls and Derrick Jones have agreed to a new two-year contract that will keep the free agent forward in Chicago, reports Shams Charania of The Athletic (Twitter link). According to Charania, Jones’ two-year deal will be worth $6.6MM, with a second-year player option.

Chicago held Jones’ Early Bird rights, but a deal completed using the Early Bird exception can’t include a second-year option, so the team is likely renouncing its Early Bird rights and making Jones a Non-Bird free agent. The Bulls would then be able to complete the signing without dipping into their mid-level exception.

Jones, 25, appeared in 51 games for Chicago in 2021/22 after being acquired from Portland in an offseason trade. He averaged 5.6 PPG and 3.3 RPG on .538/.328/.800 shooting in 17.6 minutes per contest.

While Jones hasn’t made a major impact on the offensive end since entering the NBA in 2016, his athleticism and his ability to guard multiple positions on defense have continued to earn him regular minutes.

The Bulls now project to be about $3.5MM below the luxury tax line with 14 players under contract, tweets Yossi Gozlan of HoopsHype.

Northwest Rumors: Wolves, Gobert, Murray, Beasley, Brown, Micic

July 1st, 2022 at 12:55pm CST by Arthur Hill

Thursday’s agreement with Kyle Anderson will give the Timberwolves 15 players under contract, but they’re not done with offseason moves, according to Jon Krawczynski of The Athletic. Minnesota remains in the market for another big man and has talked to the Jazz about Rudy Gobert, sources tell Krawczynski.

Although the Wolves used a first-round pick on Auburn’s Walker Kessler, they want to add a veteran center so there’s not too much pressure on Kessler to produce right away. They were interested in free agents JaVale McGee and Isaiah Hartenstein, but they both reached deals with other teams Thursday night.

Minnesota’s talks with Utah about Gobert began before the draft, but the Jazz are asking a lot in return for their perennial Defensive Player of the Year candidate. If the Wolves can’t work out a trade for Gobert, Krawczynski cites the Pacers‘ Myles Turner and the Hawks‘ Clint Capela as other options, although he adds that Minnesota’s talks with Atlanta haven’t gotten very far.

There’s more from the Northwest Division:

The Timberwolves talked to the Spurs about Dejounte Murray but weren’t willing to meet the asking price, Krawczynski confirms. There was also skepticism that Murray would re-sign with Minnesota once his contract expires in two years.
Teams have been making calls to gather background info on Timberwolves wing Malik Beasley, but no deal is imminent, tweets Darren Wolfson of 5 Eyewitness News. Beasley, who will make $15.45MM next season, carries a team option for his $16.52MM salary in 2023/24.
Bruce Brown possibly could have made more than the $13+ million he’ll receive from the Nuggets over the next two years, but he believes he’s entering a good situation in Denver, per Tim Reynolds of The Associated Press (Twitter link). A source tells Reynolds that “fit” was more important to Brown than money.
Vasilije Micic‘s representatives are pressing the Thunder to trade him, but Oklahoma City isn’t willing to give the European star up cheaply, according to Aris Barkas of EuroHoops. The Nuggets, Bucks, Bulls and Spurs have all expressed interest in Micic, Barkas hears.

Eastern Notes: LaVine, Bryant, G. Harris, T. Young, Hawks

July 1st, 2022 at 10:19am CST by Luke Adams

Although Zach LaVine wasn’t one of the 38 free agents who reportedly reached a contract agreement during the first day of free agency on Thursday, the Bulls remain confident that the two-time All-Star will eventually agree to a new five-year, $215MM deal to stay in Chicago, sources tell Joe Cowley of The Chicago Sun-Times. According to Cowley, the Bulls met with LaVine during day one of free agency, but the 27-year-old wants to hear all the offers that may be available to him.

Here’s more from around the East:

Wizards free agent center Thomas Bryant still appears unlikely to return to Washington, as was reported on Thursday. According to Chris Haynes of Yahoo Sports (Twitter link), Bryant is receiving “significant” interest from contending teams and will likely make a decision today. The Celtics and Lakers are among the clubs in the mix, Haynes adds.
The two-year contract extensions signed by Magic wing Gary Harris and Raptors forward Thaddeus Young on Thursday aren’t fully guaranteed in 2023/24, tweets Bobby Marks of ESPN. According to Marks, Harris has no protection in the second year of his new contract, while Young has a partial guarantee.
The Hawks have officially confirmed a front office move that was reported in June, announcing in a press release that Landry Fields has been elevated from assistant GM to general manager. The club also announced a series of other basketball operations hires and promotions.

Bulls Sign Andre Drummond

June 30th, 2022 at 9:21pm CST by Alex Kirschenbaum

JULY 6: The Bulls have made it official with Drummond, announcing the deal on Twitter.

JUNE 30: The Bulls will add veteran center Andre Drummond to bolster their frontcourt, per Shams Charania of The Athletic (Twitter link).

Adrian Wojnarowski of ESPN reports (Twitter link) that Chicago will ink Drummond to a two-year, $6.6MM contract, with a player option for 2023/24. A two-year deal at the veteran’s minimum would be worth $5.95MM, so presumably the Bulls – who don’t have the bi-annual exception available this season – are dipping into their mid-level to complete the signing.

The Drummond deal is the first reported free agent addition for Chicago during the 2022 offseason. The team is still hoping to re-sign two-time All-Star shooting guard Zach LaVine, an unrestricted free agent. Unsigned veteran free agent forward Danilo Gallinari has also been mentioned as a possibility for Chicago.

Additionally, the Bulls have a $5MM trade exception left over from a Daniel Theis sign-and-trade during the 2021 offseason it must use (or lose) by July 7.

Drummond, 28, is coming off an impressive bounce-back season split between the Sixers and Nets, and Chicago no doubt hopes he can help shore up the team’s frontcourt depth.

Selected by the Pistons with the ninth pick out of Connecticut in 2012, the 6’10” Drummond blossomed into a two-time All-Star for Detroit. Drummond agreed to a five-year maximum-salary contract with Detroit in 2016. He was eventually traded to the Cavaliers, before signing a one-year veteran’s minimum deal with the Lakers ahead of the 2020/21 season.

Playing as a reserve behind Sixers All-Star Joel Embiid to start the 2021/22 season on another minimum deal, Drummond saw limited touches on offense, but was still able to feast on the glass in limited minutes. Across 18.4 MPG, he averaged 6.1 PPG, 8.8 RPG, 2.0 APG, 1.1 SPG and 0.9 BPG in 49 contests with Philadelphia.

The Sixers included Drummond to the Nets as part of the team’s trade package for All-Star guard James Harden. With Brooklyn, Drummond enjoyed an expanded offensive role. He started in all 24 of his games with the Nets, averaging 11.8 PPG, 10.3 RPG, 1.4 APG, 1.0 BPG and 0.9 SPG during 22.3 MPG.