Nuggets Rumors

Groups Revealed For 2024 NBA Cup

The NBA has announced the five-team groups for this year’s in-season tournament, now renamed the Emirates NBA Cup, the league announced in a release on Friday (Twitter link).

Like last year, there are six groups — three each from the Western Conference and Eastern Conference — and each conference was split into five groups based on last year’s standings. One team was selected at random from each group to determine the group round matchups.

The results are:

  • West Group A: Timberwolves, Clippers, Kings, Rockets and Trail Blazers
  • West Group B: Thunder, Suns, Lakers, Jazz and Spurs
  • West Group C: Nuggets, Mavericks, Pelicans, Warriors and Grizzlies
  • East Group A: Knicks, Magic, Sixers, Nets and Hornets
  • East Group B: Bucks, Pacers, Heat, Raptors and Pistons
  • East Group C: Celtics, Cavaliers, Bulls, Hawks and Wizards

The NBA Cup begins with group play, which runs from Nov. 12 to Dec. 3. Each team plays one game against each of the four opponents in its group. The NBA released a matchup matrix to help fans follow along (Twitter link).

Just like last season, the winner of each group advances to a knockout round alongside the team with the best record in each conference that didn’t win a group. The semifinals and finals will again be played in T-Mobile Arena in Las Vegas.

Last year, the Lakers won the inaugural in-season tournament over the Pacers. LeBron James was named the tournament MVP after dropping 24 points in the title game.

The full game and broadcast schedule for group play will be announced next month.

Dario Saric Signs With Nuggets

July 12: Saric’s deal with the Nuggets is now official, the team announced in a press release (Twitter link).


July 6: The Nuggets will add veteran power forward/center Dario Saric on a two-year, $10.6MM deal, sources tell ESPN’s Adrian Wojnarowski (Twitter link). Saric will have a player option on the second season of the contract, Wojnarowski adds.

Denver will use its $5.2MM taxpayer mid-level exception and will become hard capped at the $188.9MM second apron, according to cap expert Yossi Gozlan (Twitter link). The Nuggets are currently $12.6MM below the apron with 12 players under contract. They will be limited to minimum signings to fill out the roster.

Jake Fischer of Yahoo Sports revealed last week that Denver had ongoing interest in signing Saric. He reportedly also had an opportunity to join Panathinaikos in Greece if he didn’t receive an NBA offer to his liking.

Saric earned $2.7MM last season with the Warriors on a one-year, veteran’s minimum contract. He appeared in 64 games, making nine starts, and averaged 8.0 points, 4.4 rebounds and 2.3 assists in 17.2 minutes per night.

He’ll likely fill a similar role with the Nuggets, who have been looking to add some experience to their roster after suffering significant free agent losses since winning the 2023 championship. His signing may also clear the way for a trade of forward/center Zeke Nnaji, who is reportedly being made available. Nnaji saw limited playing time last season, and his four-year, $32MM contract extension will begin with the 2024/25 season.

Saric, 30, was selected with the 12th pick in the 2014 draft. Before coming to Golden State, he spent time with Philadelphia, Minnesota, Phoenix and Oklahoma City.

Northwest Notes: Murray, Nuggets, Trent, Joe, Sharpe, Markkanen

Shams Charania reported back on June 27 that the Nuggets and Jamal Murray were “working toward” a four-year, maximum-salary contract extension, with the team expected to make the offer and the star guard expected to accept it. Over two weeks later, there’s still no deal in place.

A report earlier this week indicated that the Nuggets and Murray will likely wait until after the Olympics to finalize an agreement, and the 27-year-old Canadian essentially confirmed as much when asked this week by Troy Renck of The Denver Post about his contract situation.

“When we get there, we get there,” Murray said after the Canadian team lost an exhibition game to Team USA in Las Vegas on Wednesday. “I’m playing games right now for Canada, so that’s not on my mind.”

A maximum-salary extension for Murray, who is entering the final year of his current deal, would be worth a projected $207.85MM over four seasons.

Here’s more from around the Northwest:

  • Gary Trent Jr. isn’t a viable target for the Nuggets in free agency, according to Harrison Wind of DNVR Sports (Twitter link), who hears that the 25-year-old swingman isn’t interested in accepting a minimum-salary contract and that there may not be much interest on Denver’s side anyway.
  • Isaiah Joe‘s new four-year, $48MM contract with the Thunder includes a fourth-year team option and has a descending salary structure, tweets Michael Scotto of HoopsHype. Joe’s cap hit in 2024/25 will be $12,991,650 before dipping to $12,362,338 in ’25/26, with third- and fourth-year salaries of $11,323,006.
  • Although he attended Team Canada’s pre-Olympic training camp this summer, Trail Blazers guard Shaedon Sharpe wasn’t in the mix for a spot on the 2024 Paris roster. But Sharpe, who has been medically cleared following his core muscle surgery in February, is in Canada’s future plans, head coach Jordi Fernandez tells Sean Highkin of Rose Garden Report (Substack link). “We value him as an important player in the future, being a big part of this program,” Fernandez said. “We don’t only care about this tournament. We care about AmeriCup and the World Cup and L.A. in 2028. We want Shaedon to be a part of that.”
  • Andy Larsen of The Salt Lake Tribune takes a closer look at the Lauri Markkanen situation in Utah, exploring why the Jazz might be motivated to move the star forward and what they could reasonably expect to get in return.

Team Canada Finalizes 2024 Olympic Roster

The Canadian national team has formally announced its 12-man roster for the Paris Olympics, making its final cuts ahead of Wednesday’s exhibition games against Team USA.

Team Canada’s 12-man squad is as follows:

While the group obviously isn’t as star-studded as the U.S. roster, it’s headed up by a 2024 MVP finalist (Gilgeous-Alexander) and a guard who was the second-best player on the 2023 NBA champions (Murray). In total, it features 10 active NBA players, and all of them played regular roles for their respective teams in 2023/24.

The only two non-NBA players are Birch, who spent six seasons in the league but now plays in Spain, and Ejim, a former Iowa State standout and a Team Canada veteran who has been a productive contributor for several teams in Europe since 2014.

Andrew Wiggins is among the notable names missing from Team Canada’s squad for Paris. He was on the original training camp roster but withdrew right before camp began due to what the Warriors referred to a mutual decision. Various reports, however, suggested that Golden State was the party driving that decision.

Grizzlies rookie Zach Edey also removed his name from the training camp roster in order to focus on Summer League and his first NBA season.

Trail Blazers guard Shaedon Sharpe and Pacers guard Bennedict Mathurin, both of whom were coming off injuries that ended their 2023/24 seasons, were among the players who attended training camp but weren’t in the mix for roster spots for the Paris Olympics. Timberwolves forward Leonard Miller was in that group too.

This will be the first time Canada has been in the men’s basketball event at the Olympics since 2000.

Nuggets Sign DaRon Holmes To Rookie Contract

Nuggets first-round pick DaRon Holmes has officially signed his rookie scale contract, the team announced today in a press release.

Holmes built an extensive résumé in his three college seasons at Dayton, earning All-Atlantic 10 honors in all three years, including a First Team spot in 2023 and 2024. He was named the Atlantic 10 co-Player of the Year and Defensive Player of the Year in 2024 after averaging 20.4 points, 8.5 rebounds, 2.6 assists, and 2.1 blocks in 32.5 minutes per game across 33 starts in 2023/24. He also posted a shooting line of .544/.386/.713.

The Nuggets were linked to Holmes for much of the pre-draft process, and while there were conflicting reports on whether or not the team had made him a promise, it certainly appeared that Denver was targeting the 6’10” forward on draft night — the club traded three second-round picks in order to move up from No. 28 to No. 22 to nab him.

Assuming Holmes receives the maximum allowable 120% of the rookie scale amount, his four-year deal will be worth about $15.2MM, including a first-year salary of $3.07MM.

Holmes was the last 2024 first-round pick to sign his contract, so all 30 first-rounders are now officially on NBA rosters.

Murray's Extension Talks Placed On Back Burner

Jamal Murray and the Nuggets were reportedly progressing toward a four-year max extension agreement in late June. So what’s the holdup?

According to The Denver Post’s Bennett Durando, extension talks between the front office and the Nuggets’ point guard are temporarily on the backburner while Murray preparies for the Paris Olympics with Team Canada. The two sides will likely finalize an agreement after the Olympics are done, Durando adds. The only potential stumbling block could occur if Murray suffers a significant injury prior to signing an extension.

  •  The Nuggets viewed Dario Saric as a top-priority target and reached an agreement with the big man on a two-year, $10.6MM deal. Saric was unsure if he wanted to play in the NBA or Europe next season before choosing the Nuggets, according to Durando. Multiple NBA teams showed interest in him, as well as the Greek club Panathinaikos, but the Nuggets felt confident about landing Saric.

Vlatko Cancar Re-Signs With Nuggets

Vlatko Cancar has signed a new contract with the Nuggets, according to NBA.com’s transactions log.

Details of the deal weren’t released, but Vinny Benedetto of The Denver Gazette (Twitter link) says the deal is worth the veteran’s minimum. As we noted recently, a one-year minimum deal would pay Cancar $2.3MM while carrying a $2.09MM cap hit.

The 27-year-old power forward became an unrestricted free agent last month when the Nuggets declined their option for next season. However, the two sides continued to negotiate in hopes of keeping him in Denver. They wound up with a new agreement that gives Cancar a slight raise while decreasing his impact on the Nuggets’ cap number.

Cancar missed all of last season with a torn ACL, but he was able to play for Slovenia in this week’s Olympic qualifying tournament and he should be 100% when training camp opens in late September.

Cancar has spent his entire NBA career in Denver after being selected with the 49th pick in the 2017 draft. He was an important contributor during the Nuggets’ championship season, appearing in 60 games and averaging 5.0 points, 2.1 rebounds and 1.3 assists in 14.8 minutes per night.

Klay Thompson Sign-And-Trade Completed As Six-Team Deal

The Mavericks announced on Saturday that they’ve acquired longtime Warriors sharpshooter Klay Thompson via sign-and-trade in the first six-team deal in NBA history (Twitter link).

“We’re thrilled to have Klay join us in Dallas,” Mavericks president of basketball operations Nico Harrison said in a statement. “As one of the league’s greatest shooters who competes on both ends, we feel Klay is a perfect fit for our team. He adds a strong, experienced veteran voice that will help us continue to build on the success we’ve seen in recent years. Klay’s championship experience, clutch performances and calm demeanor under pressure exemplify what it takes to win in the NBA at the highest level. He will help us continue to grow towards our goal of winning another championship.”

The Hornets, Timberwolves, Sixers, and Nuggets are also involved in the trade, with separate agreements involving Kyle Anderson (Minnesota to Golden State), Buddy Hield (Philadelphia to Golden State), and Reggie Jackson (Denver to Charlotte)  all folded into a single mega-deal.

As best we can tell, the terms are as follows:

  • Mavericks acquire Thompson (sign-and-trade) and a 2025 second-round pick.
  • Warriors acquire Anderson (sign-and-trade) and Hield (sign-and-trade).
  • Hornets acquire Josh Green, Jackson, the Nuggets’ 2029 second-round pick, and the Nuggets’ 2030 second-round pick.
  • Timberwolves acquire a 2025 second-round pick, a 2031 second-round pick swap (from Warriors), and cash (from Warriors).
  • Sixers acquire the Mavericks’ 2031 second-round pick.
  • Nuggets acquire cash (from Hornets).

There’s at least one minor adjustment from the original agreements. Because the Warriors benefit most from turning multiple deals into a single trade (they can use Thompson’s outgoing salary to salary-match for both Anderson and Hield, allowing them to give the two players a higher combined salary than what Thompson’s will make), they’re no longer receiving a second-round pick from the Hornets. It appears that pick is being rerouted to the Wolves, who needed to send or receive an asset from another team besides Golden State.

We don’t yet know the exact details of the 2025 second-rounders being acquired by Dallas and Minnesota, but it looks like one of them is the 2025 Nuggets pick that Charlotte initially agreed to acquire as part of the Jackson trade and one of them is the 2025 Sixers pick that Charlotte already controlled. The Hornets were always going to send out two second-round picks for Green — they’re just going to Dallas and Minnesota now, instead of Dallas and Golden State.

There may be more moving pieces here though, since none of the announcements from the six teams involved have shared the full details, so we’ll keep an eye out for updates.

For more details on all these trades, be sure to check out our original stories:

  • Mavericks to acquire Klay Thompson (story)
  • Warriors to acquire Kyle Anderson (story)
  • Warriors to acquire Buddy Hield (story)
  • Hornets to acquire Reggie Jackson (story)

Free Agent Rumors: DeRozan, Westbrook, Fournier, Saric

The Spurs have emerged as a potential third-team facilitator as the Kings continue to pursue free agent forward DeMar DeRozan via sign-and-trade, NBA insider Marc Stein reports (Twitter link). Previous reports have indicated that Chicago is willing to facilitate a sign-and-trade but is insistent on a third team being involved so as to not take back much, if any, salary.

On the #thisleague UNCUT podcast (Twitter link), Chris Haynes of TNT and Bleacher Report stated that the Kings, Heat and Clippers are teams exploring avenues to acquire DeRozan via a three-team sign-and-trade. Haynes also mentions San Antonio as a landing spot for unwanted salary alongside Detroit.

We have more free agent rumors:

  • Russell Westbrook may be more likely to go to the Nuggets through free agency rather than by way of trade, DNVR Sports’ Harrison Wind opines (Twitter link). The Clippers could either buy out Westbrook or send him to another team that would buy him out, clearing the path for him to sign with Denver. For what it’s worth, finding a trade that makes sense for both sides appears difficult.
  • As was reported earlier this year, Stein indicates in his latest Substack post that free agent swingman Evan Fournier‘s preference is to remain in the NBA rather than to accept a EuroLeague deal. According to Stein, Fournier is expected to receive some NBA interest as free agency winds on.
  • Greek club Panathinaikos is reportedly interested in adding free agent forward Dario Saric, according to Sportando. The 30-year-old forward averaged 8.0 points, 4.4 rebounds and 2.3 assists while shooting 37.6% from deep as a reserve for the Warriors last season. It would be a little surprising to see Saric make the jump to Europe so soon after free agency begins given his productive season last year and the chance for more NBA interest to trickle in.

Trade Rumors: DeRozan, Kings, Lakers, Grant, Cavs, Finney-Smith, Okoro, More

While the Kings are among the teams believed to have some interest in Pelicans forward Brandon Ingram, there has been a growing sense entering the weekend that Sacramento is more focused on free agent forward DeMar DeRozan, league sources tell Michael Scotto of HoopsHype.

Earlier reporting from Adrian Wojnarowski named the Kings as a legitimate suitor for DeRozan, who would need to be acquired via sign-and-trade, with a third team likely taking on salary from Sacramento in the deal.

Sean Cunningham of FOX 40 Sacramento (Twitter link) confirms there’s “mutual interest” between DeRozan and the Kings, while James Ham of The Kings Beat (Twitter link) confirms Sacramento has talked to the Bulls about a sign-and-trade and suggests that a third team has been “lined up.”

However, there continues to be competition from rival suitors for the 34-year-old’s services, Ham adds. As John Hollinger of The Athletic writes, it also won’t be easy to construct a three-team trade that gets DeRozan the type of salary he wants, ensures the Bulls don’t take back much money, and has the Kings sending out enough assets to Chicago and a third team to incentivize them to make the deal.

Although there are other teams who could open up a little cap room, Detroit and Utah are the only two teams with significant space still available, and the Pistons are rumored to be keeping their room open for trade opportunities, so it wouldn’t surprise me if Chicago and Sacramento have been talking to Detroit in relation to a possible DeRozan deal.

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

  • The Trail Blazers and Lakers have had conversations about Jerami Grant, but if the Blazers are going to send him to Los Angeles, they’d want both of the future first-round picks the Lakers can trade (2029 and 2031), along with matching salaries, according to Sean Highkin of Rose Garden Report. The Lakers have been unwilling to meet that price and Portland isn’t in any rush to move its top forward, so the talks haven’t gotten far, Highkin writes, noting that – outside of Rui Hachimura – the Blazers wouldn’t have much interest in the players L.A. could put in a package for Grant.
  • After Zach Lowe reported earlier today that Nets forward Dorian Finney-Smith is a possible trade target to watch for the Cavaliers, Scotto confirms that Cleveland likes Finney-Smith and has monitored him since Brooklyn acquired him in 2023. Scotto adds that Cavs restricted free agent Isaac Okoro is viewed as a potential sign-and-trade candidate (in general, not specifically for Finney-Smith).
  • Nuggets forward/center Zeke Nnaji and Sixers free agent KJ Martin are two trade candidates to keep an eye on, according to Scotto. Nnaji is beginning a four-year, $32MM contract after not playing a regular role in Denver last season, so his value on the market would be limited. As for Martin, his small cap hold could allow the Sixers to get creative by signing-and-trading him in order to take back more salary than they would be able to accommodate with the cap room they’ll have left over once their major signings are complete.
  • Speaking of the Sixers, they’re on track to add Paul George as a straight free agent signing rather than in a sign-and-trade, according to Marc Stein at Substack. That comes as no surprise, since acquiring George via sign-and-trade would hard-cap Philadelphia at the first tax apron, potentially limiting the team’s flexibility for the rest of 2024/25.