Denver Nuggets Rumors | Hoops Rumors

Nuggets To Trade Reggie Jackson To Hornets

June 27th, 2024 at 4:43pm CST by Luke Adams

The Nuggets have agreed to trade veteran point guard Reggie Jackson to the Hornets, according to Adrian Wojnarowski of ESPN (Twitter link), who hears from a source that Charlotte will also receive three second-round picks in the deal.

The Nuggets will send out their own 2025, 2029, and 2030 second-round picks in the swap, reports Jake Fischer of Yahoo Sports (Twitter link). They’ll receive cash from the Hornets, tweets Matt Moore of Action Network.

The news comes just three days after Jackson picked up his $5.25MM player option with Denver for the 2024/25 season.

Jackson, who originally signed with Denver on the buyout market in February 2023, struggled down the stretch during the Nuggets’ championship season, making just 38.3% of his field goal attempts (27.9% of his three-pointers) in 16 regular season games before falling out of the rotation for the playoffs.

However, the Nuggets opted not only to retain him for the 2023/24 season but to give him a raise, signing him to a two-year, $10.25MM contract using their taxpayer mid-level exception. The 34-year-old responded with a strong bounce-back season, averaging 10.2 points, 3.8 assists, and 1.9 rebounds in 22.2 minutes per game, with a shooting line of .431/.359/.806.

Despite that solid ’23/24 season, the Nuggets are essentially moving Jackson in a salary-dump deal, attaching future draft assets to move him and create some additional breathing room below the tax aprons.

According to Bobby Marks of ESPN (Twitter link), Denver’s team salary is now right around the $171MM tax line and approximately $19MM below the second apron. If the club wants to remain below that second apron and re-sign veteran wing Kentavious Caldwell-Pope, who is declining his $15.4MM player option, additional cost-cutting moves would likely be required.

It’s unclear whether or not Jackson will be in the Hornets’ plans for 2024/25. The team is expected to operate under the cap this offseason, so it could use cap room to take on the guard’s expiring contract. The $8MM room exception can also be used to acquire players via trade now, as cap expert Yossi Gozlan tweets.

Jamal Murray Expected To Agree To Four-Year Max Extension

June 27th, 2024 at 2:54pm CST by Dana Gauruder

The Nuggets and point guard Jamal Murray are making progress toward a four-year, $208.45MM maximum contract extension this offseason, Shams Charania of The Athletic reports (Twitter link). The Nuggets will present the offer to Murray and both sides expect an agreement.

Murray is entering the final season of a five-year, $182.8MM contract. He’s due to make $36MM in 2024/25

Under the terms of the extension, Murray would make approximately $46.53MM in 2025/26, $50.25MM in 2026/27, $53.97MM in 2027/28 and $57.7MM in 2028/29, according to cap expert Yossi Gozlan. He could’ve added a fifth year worth $61.4MM if he re-signed as a free agent in 2025, according to Gozlan, but Murray has apparently chosen to lock into the long-term security now (Twitter link).

These salary estimates are based on a $141MM cap in 2024/25, then a 10% increase in 2025/26.

Murray won a championship with the Nuggets in 2023 and is generally considered the best active player never to be selected as an All-Star. During the title run, Murray averaged 26.1 points, 5.7 rebounds and 7.1 assists in 20 games.

Injuries limited him to 59 regular-season games this past season, when he averaged 21.2 points, 4.1 rebounds and a career-best 6.5 assists. In Denver’s 12 postseason games, he averaged 20.6 points, 4.3 rebounds and 5.6 assists.

He’s a career 45.2% shooter, including 38% from beyond the 3-point line. A 2016 lottery pick, Murray is still just 27 years old.

Kentavious Caldwell-Pope To Decline Option, Become Free Agent

June 27th, 2024 at 2:53pm CST by Luke Adams

Kentavious Caldwell-Pope has decided to decline his $15.4MM player option with the Nuggets for the 2024/25 season, according to Shams Charania and Tony Jones of The Athletic, who report (via Twitter) that the veteran wing will become an unrestricted free agent.

The decision doesn’t necessarily mean Caldwell-Pope won’t return to Denver, but the Nuggets figure to face plenty of competition for the three-and-D specialist. Multiple teams with cap room are expected to pursue him, per Charania and Jones.

Caldwell-Pope, 31, played an important role on the Lakers team that won a title in 2020 and the Nuggets squad that won the 2023 championship. He has knocked down 40.3% of his three-point attempts over the last five seasons and is a strong perimeter defender.

While Denver would obviously like to bring back its starting shooting guard, a strong offer for Caldwell-Pope would likely push the team’s salary above the restrictive second tax apron. Speaking to reporters on Wednesday, Nuggets general manager Calvin Booth expressed a desire to re-sign Caldwell-Pope but suggested that the team has contingency plans prepared – including potentially sliding Christian Braun into the starting five – in the event that KCP leaves.

“I think we have to look at everything, and the nature of free agency is, he’s unrestricted,” Booth said. “So we can try to bring him back, and if he doesn’t want to come back or opts to go somewhere else, that’s his prerogative. So we’ll have to work with that. But I think we’re prepared to plug and play, so to speak.”

The Sixers and Magic are among the cap-room teams who have been mentioned as possible suitors for Caldwell-Pope, the No. 11 free agent on our top-50 list.

Free Agent Rumors: KCP, Nuggets, DeRozan, Williams, Jones, Hartenstein

June 27th, 2024 at 8:21am CST by Luke Adams

Speaking to reporters on Wednesday, Nuggets general manager Calvin Booth made it clear that the team wants to retain potential free agent wing Kentavious Caldwell-Pope, but is prepared for the possibility of losing him. Caldwell-Pope has until Saturday to decide whether or not he’ll pick up his 2024/25 player option.

“I think we have to look at everything, and the nature of free agency is, he’s unrestricted,” Booth said, per Bennett Durando of The Denver Post. “So we can try to bring him back, and if he doesn’t want to come back or opts to go somewhere else, that’s his prerogative. So we’ll have to work with that. But I think we’re prepared to plug and play, so to speak.”

As Durando notes, Booth identified third-year swingman Christian Braun as the top candidate to replace Caldwell-Pope in the starting lineup if necessary, citing Braun’s net rating in various lineups as a positive indicator for his ability to take on a larger role.

“I think when you look at some of the teams that have been good in the past, they have to find a way to replace fourth, fifth starters, sixth men off the bench and still keep rolling,” Booth said. “… I think if (Braun) has to step into the starting lineup, I think we’ll be OK, if KCP doesn’t return.”

Booth added that the Nuggets have interest in re-signing veteran free agents DeAndre Jordan and Justin Holiday, per Vinny Benedetto of The Denver Gazette (Twitter link).

Here are a few more free agency rumors and notes from around the NBA:

There has been “growing buzz” that DeMar DeRozan won’t be back with the Bulls next season, whether he simply walks as a free agent or departs via sign-and-trade, writes K.C. Johnson of NBC Sports Chicago. Within his latest Substack article, Marc Stein relays that his podcast partner Chris Haynes said extension talks between the Bulls and DeRozan have “gone cold,” increasing the likelihood that the veteran forward reaches the open market.
On the other hand, “all signs” point to the Bulls re-signing free agent forward Patrick Williams, says Johnson. Chicago was the first team to officially tender a qualifying offer to a free agent this summer, issuing Williams a QO on Monday to ensure he’ll be a restricted free agent.
There have been “league-wide rumblings” that the Magic have interest in point guard Tyus Jones, Jake Fischer of Yahoo Sports writes within a breakdown of the draft’s first day. Jones will be an unrestricted free agent and is widely expected to command a salary above the mid-level; the Magic will have the cap room necessary to make him a competitive offer if they so choose.
Knicks center Isaiah Hartenstein is another potential target to watch for Orlando. With Hartenstein nearing unrestricted free agency, Stein writes at his Substack that the Magic and Thunder continue to be named most frequently by rival executives as potential suitors for the big man.

Nuggets Acquire No. 22 Pick DaRon Holmes

June 26th, 2024 at 11:05pm CST by Alex Kirschenbaum

11:05pm: The trade is official, the Suns announced in a press release, confirming the terms outlined below. Phoenix used the No. 28 pick to select Virginia’s Ryan Dunn.

Speaking on Wednesday night to reporters, Nuggets general manager Calvin Booth said the team views Holmes as a four (rather than a five) going forward, adding that the team didn’t necessarily make a promise to draft him but certainly targeted him (Twitter links via Vinny Benedetto of The Denver Gazette and Bennett Durando of The Denver Post).

“Once we got into the 20s and there was a chance to get him, we wanted to go get our guy, essentially,” Booth said.

The Knicks (initially at 24 and 25) and the Timberwolves (at 27) were considered teams that might be eyeing Holmes, compelling Denver to move up, according to Harrison Wind of DNVR Sports and Durando (Twitter links).

9:28pm: The Nuggets and Suns have agreed to a trade that will allow Denver to move up from No. 28 to No. 22 to select Dayton forward DaRon Holmes, reports Shams Charania of The Athletic (Twitter links).

According to Charania, in addition to the 28th pick, Phoenix is receiving the No. 56 pick in this draft and two future second-round picks from Denver. Those future second-rounders are the Nuggets’ own picks in 2026 and 2031, per Jake Fischer of Yahoo Sports (Twitter link).

The 6’10” forward was a three-time All-A10 honoree and a consensus All-American selection during his tenure with Dayton. During his final collegiate season in 2023/24, he averaged 20.4 points on .544/.386/.713 shooting splits, plus 8.5 rebounds, 2.6 assists, 2.1 blocks and 0.9 steals per night.

Last week, ESPN’s Jonathan Givony indicated that teams had been operating as if Denver had promised to select Holmes in the draft. Some recent reports denied that any promise had been made, but it certainly appears now that the 2023 champions had their eye on Holmes.

With the deal, the Suns are able to replenish their war chest of second-round picks after having traded so many away in deals over the last few seasons. As Bobby Marks of ESPN notes (via Twitter), Phoenix has increased its tally of future second-round selections from just two to five, including the No. 56 pick this year.

The Nuggets, weighed down by a pricey starting five, are clearly looking to add win-now young role player talent to their bench. Last season, they lost sixth man extraordinaire Bruce Brown in free agency. This year, the team is at risk of losing starting shooting guard Kentavious Caldwell-Pope, who has a $15.4MM player option for the 2024/25 season and could likely fetch a raise in free agency.

Luke Adams contributed to this report.

Fischer’s Latest: Draft Rumors, Marshall, Young, Kings, Topic, Knicks, Lowry

June 26th, 2024 at 7:10am CST by Luke Adams

As several of this year’s green room invitees gathered on Tuesday to speak to the media, there was a sense of uncertainty about how Wednesday’s draft will play out, according to Jake Fischer of Yahoo Sports, who says that many prospects don’t have a real sense of where they’ll be picked.

According to Fischer, the Spurs conducted a meeting with Donovan Clingan over Zoom this past weekend and have been linked to the UConn center more in recent days than they were earlier in the pre-draft process. However, many people around the league believe that’s a smokescreen to entice a team like the Trail Blazers or Grizzlies to trade up to No. 4 to draft him.

If the Grizzlies end up trading down from No. 9, the Heat (No. 15) are viewed as a team that may have interest in moving up, Fischer writes, adding that the Cavaliers at No. 20 have also received a number of calls from teams drafting near the end of the first round with interest in trading up.

The Thunder, who hold the No. 12 pick, have more than enough ammunition in future picks to move up from there if they want to, but if they stand pat, Pittsburgh’s Carlton Carrington is viewed as one possibility for that pick, Fischer reports. Meanwhile, Indiana big man Kel’el Ware has been repeatedly mentioned by league personnel as a candidate to be drafted at No. 19 by the Raptors, Fischer says.

As for the Bucks at No. 23, with rumors circulating that they could move Brook Lopez this offseason, rival teams believe they may be targeting a possible center of the future at that spot. Sources tell Yahoo Sports that Dayton’s DaRon Holmes is one player Milwaukee tried to bring in for a workout, but he declined that invitation. However, Fischer confirms – as Michael Scotto of HoopsHype previously reported – that Holmes, who has also been linked to the Kings, doesn’t have a promise from the Nuggets.

Here’s more from Fischer:

If the Mavericks are unable to re-sign Derrick Jones and have a hole to fill on the wing, they’re expected to show interest in Pelicans free agent Naji Marshall, sources tell Fischer, who adds that the Pistons are another potential suitor to watch for Marshall.
The Lakers, Pelicans, and Spurs are among the possible destinations that would appeal to Trae Young if the Hawks decide to move him, Fischer says.
While the Kings continue to explore the market for a potential deal involving the No. 13 pick and one or both of Harrison Barnes and Kevin Huerter, they don’t appear to have gained any momentum toward a deal for either Hawks guard (Young or Dejounte Murray), Pelicans forward Brandon Ingram, or any other player of that caliber, Fischer writes.
The Magic hired Milenko Topic – Nikola Topic‘s father and a former coach in Serbia and Hungary – to a front office role this past season, per Fischer. That’s a key reason why people around the league believe Orlando at No. 18 is the floor for Nikola in Wednesday’s draft, though he may not make it that far.
After agreeing to acquire Mikal Bridges from Brooklyn, the Knicks might not be done adding former Villanova Wildcats. In a separate Yahoo Sports story on the Bridges deal, Fischer cites sources who say veteran point guard Kyle Lowry has been mentioned as a possible free agent target for New York.

Nuggets, Cancar Negotiatiing New Contract

June 24th, 2024 at 7:51pm CST by Dana Gauruder

It appears Vlatko Cancar won’t be testing free agency. The Nuggets and Cancar are negotiating a new contract, The Athletic’s Tony Jones tweets.

Denver is declining the $2,346,606 option on Cancar’s current contract due to luxury tax concerns, but it appears that move is the first step in getting the forward back on a deal that would benefit both sides. If Cancar re-signs with the Nuggets on a minimum-salary deal, he would project to make $2,432,511 in ’24/25, while the team would carry a cap hit of $2,093,637.

Due to a lack of contracts they could package with their first-round pick at No. 28 to obtain another impact player, the Nuggets are likely to retain the pick and seek out another late-round gem, Bennett Durando of the Denver Post writes.

Scotto’s Latest: Hartenstein, Knicks, Kuminga, Holmes, Missi, Lakers, More

June 24th, 2024 at 6:18pm CST by Luke Adams

Because they only hold his Early Bird rights, the Knicks are limited to a four-year offer worth approximately $72.5MM for Isaiah Hartenstein, and Michael Scotto of HoopsHype hears from league sources that New York is expected to put that full offer on the table for the free agent center.

Ian Begley of SNY.tv previously reported that the Knicks are considering other options at center, including Goga Bitadze, in the event that they’re unable to retain Hartenstein. Scotto confirms as much, writing that free agent big man Jonas Valanciunas and potential trade target Nick Richards of the Hornets are among the other fives on New York’s radar. There’s also an “outside chance,” sources tell Scotto, that the Knicks would consider pursuing Andre Drummond if they can’t bring back Hartenstein.

Here are several more highlights from Scotto’s aggregate mock draft at HoopsHype, which features many other items of interest that we passed along earlier in the day:

Jonathan Kuminga, who will be eligible for a rookie scale extension this offseason, is expected to remain with the Warriors for the foreseeable future unless the team has an opportunity to acquire an All-NBA caliber player, writes Scotto.
While there have been rumors that Dayton forward DaRon Holmes II received a draft promise from the Nuggets, Scotto hears that there’s no truth to that chatter, adding that multiple executives believe Holmes will be drafted before Denver picks at No. 28.
Baylor center Yves Missi is among the prospects who have worked out for the Lakers and is someone to keep an eye on at No. 17, Scotto writes.
Scotto’s aggregate mock draft has KJ Simpson coming off the board at No. 49, but he says the Colorado guard is a potential target to watch for the Timberwolves earlier in the draft. Minnesota currently holds the 27th and 37th overall picks.
Kyshawn George has some fans within the Cavaliers‘ organization, according to Scotto, who suggests that the Miami guard could be “an upside pick for the future” at No. 20.
Brendan Sabean, who most recently served as the assistant general manager of the Austin Spurs, is expected to be hired as the GM of Phoenix’s new G League affiliate, the Valley Suns, league sources tell Scotto.

Reggie Jackson Exercising 2024/25 Player Option

June 24th, 2024 at 2:34pm CST by Luke Adams

Nuggets point guard Reggie Jackson is picking up his player option for 2024/25, reports Adrian Wojnarowski of ESPN (Twitter link). The decision will ensure that Jackson receives a guaranteed salary of $5.25MM next season before reaching unrestricted free agency in 2025.

Jackson originally signed with Denver on the buyout market in February 2023 after he was traded from the Clippers to the Hornets and was waived by Charlotte. He struggled down the stretch during the Nuggets’ championship season, making just 38.3% of his field goal attempts (27.9% of his three-pointers) in 16 regular season games before falling out of the rotation for the playoffs.

However, the Nuggets opted not only to retain him for the 2023/24 season but to give him a raise, signing him to a two-year, $10.25MM contract using their taxpayer mid-level exception. The 34-year-old responded with a strong bounce-back season, averaging 10.2 points, 3.8 assists, and 1.9 rebounds in 22.2 minutes per game, with a shooting line of .431/.359/.806.

Jackson was one of just two Nuggets players to appear in all 82 games this past season. He also made 23 starts when Jamal Murray was forced to the sidelines for health reasons.

While Jackson’s option decision will guarantee his 2024/25 salary, it doesn’t necessarily guarantee that he’ll spend next season in Denver. It’s possible the Nuggets will end up using his expiring contract as a trade chip, though if he returns, Jackson should see once again see rotation minutes as Murray’s backup

With Jackson’s $5.25MM salary on the books, the Nuggets are now up over $172MM in guaranteed salaries for 11 players. That figure doesn’t include the cap hold for Denver’s first-round pick ($2.5MM) or a new contract for Kentavious Caldwell-Pope, who has a decision of his own to make on a $15.4MM player option. If KCP exercises that option or signs an even more lucrative contract with the Nuggets, their salary will exceed the second tax apron ($189.5MM), limiting the team’s ability to make additional roster moves.

Sixers Rumors: George, Butler, Anunoby, KCP, LaVine, Maxey

June 24th, 2024 at 11:18am CST by Arthur Hill

A report last week suggested the Sixers‘ interest in acquiring Clippers star Paul George has “waned,” but sources tell Michael Scotto of HoopsHype that Philadelphia still has “significant interest” in signing George if he opts for free agency.

George, the number one name on our list of this year’s top 50 free agents, has until Saturday to decide whether to exercise his $48.8MM option for next season. If George is unable to reach an extension agreement with L.A. by then, he can either decline the option and test free agency or opt in and demand a trade.

George has long been considered an offseason priority for Philadelphia, which has the ability to create more than $60MM in cap room. The Magic are among the teams that are also expected to pursue George if he reaches the open market.

Sources inform Scotto that a trade for Heat forward Jimmy Butler remains a viable option for the Sixers if they can’t acquire George. Butler spent most of the 2018/19 season in Philadelphia before being traded to Miami and has maintained a strong relationship with Joel Embiid.

Another option, according to Scotto, could be a “short-term, higher market average annual salary” deal with Knicks free agent forward OG Anunoby. Scotto also hears the Sixers may also offer Nuggets guard Kentavious Caldwell-Pope a two-year contract similar to what Bruce Brown got last year, with a large salary for next season and a team option for 2025/26.

There’s more on the Sixers, all courtesy of Scotto:

Sources tell Scotto that Philadelphia has less interest in trading for Bulls guard Zach LaVine now that Alex Caruso can no longer be part of the deal. Caruso was shipped to Oklahoma City on Friday in a trade for Josh Giddey. The Sixers are reluctant to take on the three years and $138MM left on LaVine’s contract without other assets attached.
Tyrese Maxey is considered virtually certain to sign a max extension this summer, but Klutch CEO Rich Paul may want something in return for waiting a year while the team worked to maximize its cap space, Scotto adds. He suggests Paul might ask for a player option on the final year of Maxey’s next contract, along with a 15% trade kicker.
With Buddy Hield possibly departing in free agency, Scotto sees Baylor guard Ja’Kobe Walter as a potential replacement in the draft. He notes that Walter has a 6’10” wingspan and is considered a much better perimeter defender than Hield.