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Free Agency Notes: Cap Holds, Williams, Magic, Wizards

July 7th, 2019 at 12:58pm CST by Luke Adams

Nearly half the teams in the NBA renounced their rights to multiple free agents this week as they prepared to make new roster moves official, per RealGM’s transactions log. In some cases, like when the Clippers renounced the rights to Garrett Temple and Wilson Chandler, those free agents already new homes lined up, and removing their cap holds was simply a formality to create cap room for incoming additions.

In other cases, the housekeeping moves were a bit more noteworthy. The Pacers, for instance, renounced Darren Collison‘s Bird rights, so if the 31-year-old – who announced his retirement before the start of free agency – ever attempts an NBA comeback, Indiana will no longer have a leg up to re-acquire him.

Besides those two teams, the Hawks, Bucks, Nets, Jazz, Sixers, Clippers, Pelicans, Lakers, Kings, Celtics, Wizards, and Bulls also renounced various free agents, according to RealGM’s log.

Here are a few more notes related to free agency:

The Lakers have withdrawn their qualifying offer to two-way player Johnathan Williams and renounced his rights, according to RealGM. That doesn’t preclude the Lakers from bringing back Williams on a new two-way deal, but he’ll be able to sign outright with a new team if he so chooses.
At least nine teams are now confirmed to attend the Amar’e Stoudemire/Monta Ellis workout taking place in Las Vegas on Monday, tweets Jordan Schultz of ESPN. We previously relayed word of Stoudemire’s and Ellis’ attempts to make NBA comebacks.
ESPN’s Bobby Marks provides salary cap updates on a pair of Southeast teams, tweeting that the Magic and Wizards are both safely out of luxury tax territory for now. According to Marks (Twitter links), Orlando has $3.5MM in breathing room under the tax line, counting Khem Birch‘s $1.8MM cap hold, while Washington is about $4MM below that threshold after cutting Jonathon Simmons.

Pacers, Bucks Complete Malcolm Brogdon Sign-And-Trade

July 6th, 2019 at 5:50pm CST by Arthur Hill

Malcolm Brogdon is now a Pacer after the sign-and-trade agreement with the Bucks became official today, both teams announced in press releases. Milwaukee receives a future first-round pick and two second-rounders in return.

The 2017 Rookie of the Year, Brogdon had three promising seasons with the Bucks, although injuries limited him to 48 and 64 games the past two years. He averaged a career-best 15.6 PPG this season before suffering a minor plantar fascia tear in his right foot in March. He was a member of the 50-40-90 club, shooting .505 from the field, .426 from 3-point range and .928 from the foul line.

“We feel like Malcolm embodies the values that we’re about here at the Pacers, and he’s the perfect fit for our team,” president of basketball operations Kevin Pritchard said. “Having started on the team with the best record in the NBA last year, we value the leadership he’ll bring to our team, as well as his great ability to play multiple positions.”

Brogdon’s new contract with the Pacers is reportedly worth $85MM over four years, while the first-round pick they sent to the Bucks is lottery-protected in 2020.

Eastern Notes: Dinwiddie, Knicks, Olynyk, Mykhailiuk

July 6th, 2019 at 12:05pm CST by marksuleymanov

The Nets enjoyed their most successful free agent period ever this week, agreeing to deals with Kyrie Irving, Kevin Durant and DeAndre Jordan. The moves figure to make Brooklyn one of the Eastern Conference’s premier teams next season, one year after the Nets’ made the postseason.

Even with the likelihood that Durant misses most – if not all – of next season, Brooklyn figures to be in the hunt for a top seed. Current Net Spencer Dinwiddie, a crucial part of the franchise’s increased success as of late, reportedly played a major role in recruiting those aforementioned All-Stars.

For the first time, Dinwiddie addressed Brooklyn’s moves, giving a coy response to the nature of recruitment among NBA players today.

“The thing about the NBA, everything you read is plausible,” Dinwiddie said to The Athletic’s Michael Scotto. “And with that being said, obviously, it could’ve happened, it may not have happened.”

With the spotlight now shining on the Nets, Dinwiddie noted that the team expects to be in contention for not just a playoff spot but for a title in the coming seasons.

“Anytime you add two probably top-10 players in the world, multi-time All-Stars, you’re obviously going to get better,” Dinwiddie said. “It’s on the rest of us to kind of help facilitate that transition, and hopefully we can be a very good team next year.”

Check out more Eastern Conference notes:

Even with cap space for two max contracts, the Knicks failed to lure any top-tier free agents to New York this summer. Marc Berman of the New York Post opines that the Knicks’ failures warrant an image overhaul of the franchise if it hopes to lure top players in the future.
Kelly Olynyk remains a member of the Heat, despite nearly being traded away last week. But the veteran understands that having his name come up in trade rumors is just a part of the game, Chad Klassen of CFJC Today writes. “It’s the business side of the game, fortunate or unfortunate, however you want to look at it,” he said. “But you get paid to do something you love and there’s not much to complain about in this industry, honestly.”
The Pistons plan to keep Sviatoslav Mykhailiuk on the roster, thus fully guaranteeing his salary for the 2019/20 season, Ben Stinar of Amico Hoops relays (Twitter link). Mykhailiuk’s minimum-salary contract had a guarantee date of July 5.
After suffering a torn Achilles, C.J. Wilcox thought his career was over. At 28 years old, Wilcox – who re-signed this week with the Pacers – is in the midst of a comeback attempt, Robby General of the Indianapolis Star writes. “Eight months ago, I was done playing basketball after tearing my Achilles,” Wilcox said. “Now I have some level of a contract, which is something to be proud of.”

Heat Acquire KZ Okpala’s Draft Rights

July 6th, 2019 at 11:41am CST by Dana Gauruder

JULY 6: The Heat have officially acquired Okpala’s draft rights, sending the Pacers their 2022, 2025, and 2026 second-round picks, Miami announced in a press release. The deal technically became a three-team trade, having merged with the Pacers’ acquisition of T.J. Warren from the Suns.

JUNE 20: The Pacers agreed to send the No. 32 pick to the Heat, who selected Stanford small forward KZ Okpala, Adrian Wojnarowski tweets. The Pacers gained the rights to that pick earlier in the day in a trade with the Suns.

Indiana will receive three future second-round picks from Miami. The Heat had traded away their second-round pick.

Indiana also acquired forward T.J. Warren from Phoenix, which used cap room to make that deal in a salary dump. The Suns received cash considerations.

The 6’9” Okpala averaged 16.8 PPG and 5.7 RPG last season.

Suns Trade T.J. Warren To Pacers

July 6th, 2019 at 11:40am CST by Luke Adams

JULY 6: The trade is official, according to an announcement from the Pacers. It became a three-team trade, with Indiana sending the rights to No. 32 pick KZ Okpala to Miami in exchange for three second-rounders.

JUNE 20: The Pacers and Suns have reached a trade agreement that will send T.J. Warren to Indiana, reports ESPN’s Adrian Wojnarowski (Twitter link). According to Wojnarowski (Twitter links), the Pacers will also acquire the No. 32 overall pick from Phoenix and will take on Warren using cap room, sending cash to the Suns to complete the deal.

The trade looks like a straight salary dump for the Suns, who will move Warren with three years and $35.25MM left on his contract. Phoenix wanted to unload Warren – who will earn $10.81MM in 2019/20 — in order to open up more cap space, per Wojnarowski.

The Suns had a logjam at the small forward position and didn’t project to have much – if any – cap room this offseason, so the trade addresses both issues, though it will cost them a pretty good draft pick and a pretty good player with little return.

Injuries limited Warren to just 43 games in 2018/19, but he was a very effective scorer when he did play, averaging 18.0 PPG, 4.0 RPG, 1.5 APG, and 1.2 SPG with a .486/.428/.815 shooting line.

Assuming Phoenix keeps the cap hold for restricted free agent Kelly Oubre on its books, the team now projects to have about $21MM in cap room once the trade is finalized in July, tweets ESPN’s Bobby Marks. That space will give the club more flexibility to go after a starting-caliber point guard on the open market, but still won’t be enough for a maximum-salary offer.

As for the Pacers, many of their key rotation players are headed for free agency this summer, so they’ll have plenty of cap room to take on Warren. Acquiring him will also reduce some of the uncertainty surrounding those free agents — the team could have a little added leverage in negotiations with the likes of Bojan Bogdanovic or Thaddeus Young with Warren now under control.

According to Marks, the Pacers will still have nearly $31MM in cap room available once the acquisition of Warren is finalized, though that projection doesn’t account for Bogdanovic’s cap hold.

[RELATED: Pacers eyeing Ricky Rubio]

Indiana now controls three picks in tonight’s draft, adding the No. 32 selection to Nos. 18 and 50. The Suns are left with just the No. 6 overall pick.

Tim MacMahon of ESPN.com first reported earlier today that the Pacers were among the teams with interest in Warren.

Photo courtesy of USA Today Sports Images.

Free Agent Rumors: Holiday, Cousins, Burke, More

July 4th, 2019 at 3:58pm CST by Luke Adams

Free agent swingman Justin Holiday has received interest from the Lakers, Clippers, Bulls, Raptors, Pacers, Wizards, Hornets, and Cavaliers, league sources tell Michael Scotto of The Athletic (Twitter link).

Given how quickly most of the top players came off the market, Holiday represents one of the more intriguing options available, given his ability to knock down three-pointers (1.8 3PG on 35.4% shooting over the last three years) and defend on the perimeter.

According to Scotto, the Grizzlies are open to the idea of accommodating a sign-and-trade deal involving Holiday, so a team with interest in him could potentially acquire him using a trade exception if it doesn’t want to cut into its mid-level.

Here’s more on a few NBA free agents:

Wizards interim head of basketball operations Tommy Sheppard briefly spoke with free agent big man DeMarcus Cousins in Las Vegas, according to Candace Buckner of The Washington Post (Twitter link). A previous report indicated there was virtually no chance of Cousins signing with Washington, and Buckner cautions that the conversation was described as small talk, but she still refers to it as an “interesting development.”
The Lakers are in the mix for free agent point guard Trey Burke, according to Marc Berman of The New York Post (Twitter link). Los Angeles still has plenty of roster spots to fill, so it’s not clear how high Burke is on the team’s wish list.
Veteran NBA big man Darrell Arthur, who sat out last season after being waived by Phoenix in October, is considering a comeback and is open to continuing his career overseas, tweets Emiliano Carchia of Sportando.
ESPN’s Tim MacMahon, Marc J. Spears, and Ohm Youngmisuk spoke to coaches, scouts, and executives at the Utah and California Summer Leagues to get their thoughts on free agency so far. Among the highlights: McMahon writes that a number of rival executives and scouts believe the Rockets dodged a bullet by not landing Jimmy Butler.
The Suns have formally renounced their free agent rights to several players, including Dragan Bender, Jamal Crawford, Jimmer Fredette, and Ray Spalding, per RealGM’s transactions log.

Eastern Notes: Pacers, Bucks, Sumner, Nets, De Colo

July 2nd, 2019 at 10:46pm CST by Luke Adams

The first-round draft pick the Pacers will send the Bucks in their sign-and-trade deal for Malcolm Brogdon is lottery-protected in 2020, tweets ESPN’s Zach Lowe. And if it doesn’t convey in 2020, it’s lottery-protected for five more drafts after that before becoming unprotected in 2026, Lowe adds. In other words, barring a catastrophe in Indiana, Milwaukee will be getting a pick in the back half of the first round, likely next year.

Meanwhile, Edmond Sumner‘s new three-year deal with the Pacers will be worth $6.5MM, a league source tells Grant Afseth of The Kokomo Tribune (Twitter link). It’s not clear whether all three years will be fully guaranteed, but it sounds like Sumner will be getting more than the minimum.

Here’s more from around the Eastern Conference:

A source tells Marc Stein of The New York Times that Spencer Dinwiddie was “at the forefront” of a months-long push to convince Kyrie Irving to choose the Nets over the Knicks — and to push Kevin Durant in the same direction. While DeAndre Jordan spent the last two months of the season with the Knicks, he also came to view Brooklyn as a more favorable destination to team up with Irving and Durant, according to Stein, who says the veteran center “joined the chorus promoting the Nets” in recent days.
EuroLeague powerhouse Fenerbahce is in serious pursuit of Raptors RFA guard Nando De Colo, a source tells Emiliano Carchia of Sportando. According to Carchia, De Colo – who last wore an NBA uniform in 2014 – remains focused on getting back into the NBA. But if he doesn’t get an offer he likes within the next couple weeks, it’s possible he’ll sign with the Turkish club, says Carchia.
Alex Kennedy of HoopsHype caught up with veteran center Nikola Vucevic to talk to him about his new $100MM contract agreement with the Magic. “I feel rewarded for what I’ve done – not just last season, but what I’ve done throughout all of my years in Orlando,” Vucevic said of his new deal. “It means a lot for the team to reward me with this nice contract. It was important for me to be able to continue [my career] there and I’m glad we were able to agree on a deal that keeps me in Orlando for four more years.”

Free Agent Rumors: P. Gasol, Mavs, Wolves, Wright, More

July 1st, 2019 at 6:45pm CST by Luke Adams

Pau Gasol, whose contract with the Bucks is up, continues to recover from a procedure on his left foot, but he wants to continue his NBA career next season, he tells ESPN’s Adrian Wojnarowski (Twitter link).

“My recovery from surgery has been smooth and I expect to be fully cleared for basketball activities in early August,” Gasol said. “I cannot wait to start training again.”

Gasol, who is an unrestricted free agent, is the only one of Milwaukee’s free agents who has yet to reach an agreement this week. There has been no indication that the Bucks are seeking a reunion.

Here are a few more free agency notes and rumors:

The Mavericks are among the teams that have expressed “strong interest” in Delon Wright, league sources tell Ian Begley of SNY.tv (Twitter link). Darren Wolfson of SKOR North tweets that the Timberwolves have also inquired on Wright. Wright is a restricted free agent, so the Grizzlies would have the chance to match an offer sheet.
The Timberwolves continue to kick the tires on free agent point guard T.J. McConnell, according to Wolfson, who tweets that the Sixers, Heat, Lakers, Grizzlies, Suns, Wizards, and Pacers have also checked out McConnell. Barry Jackson of The Miami Herald (via Twitter) notes that McConnell could be a target for Miami if the team trades Goran Dragic.
The Thunder are among the teams that have expressed some interest in veteran guard Jodie Meeks, a league source tells Brett Dawson of The Athletic (Twitter link). Dawson’s report came shortly before Oklahoma City agreed to terms with Alec Burks, so it’s not clear if the club remains interested in Meeks.
In a text message to Marc J. Spears of The Undefeated (Twitter link), Enes Kanter explains that he considered re-signing with the Trail Blazers, but didn’t feel as if they gave him enough time to make his decision. Kanter agreed to a two-year deal with Boston.

Pacers Agree To Deal With Sumner; Sign Bowen, Gant, Wilcox

July 1st, 2019 at 4:32pm CST by Dana Gauruder

Guard Edmond Sumner has agreed to a three-year contract to stay with the Pacers, Adrian Wojnarowski of ESPN tweets. The third year will be a team option, Scott Agness of The Athletic tweets.

Sumner appeared in 23 games last season, averaging 2.9 PPG in 9.1 MPG. He has a $1.8MM cap hold, Bobby Marks of ESPN tweets, which is factored into the team’s $5MM of remaining cap space. Indiana can keep the hold in place, use the remaining room and then officially sign Sumner.

The Pacers declined his $1.6MM team option but tendered a qualifying offer to the former second-round pick to make him a restricted free agent.

We have more on the Pacers:

Forward Brian Bowen II has signed a two-way contract, according to a team press release. Bowen played professionally in Australia during the 2018/19 season for the Sydney Kings. He averaged 6.3 points and 3.2 rebounds in 30 games. Bowen, 20, went undrafted. He was ruled ineligible to play last season by the NCAA after a recruiting scandal at Louisville.
Forward Jakeenan Gant and guard C.J. Wilcox were signed to Exhibit 10 contracts. Gant played for Louisiana-Lafayette and was named Defensive Player of the Year in the Sun Belt Conference. He averaged 20.6 PPG, 8.6 RPG and 2.7 BPG in his senior year. Wilcox was on a two-way contract with the Pacers last summer before suffering a torn right Achilles tendon prior to training camp. He was a late first-round pick for the Clippers in 2014 and played in G League during the 2017-18 season.
Bowen’s and Gant’s deals with Indiana were previously reported in June.

Pacers Add Malcolm Brogdon, Jeremy Lamb

June 30th, 2019 at 5:35pm CST by Luke Adams

JULY 7: Both deals are now finalized, with the Pacers formally announcing the addition of Lamb today. The Brogdon sign-and-trade was confirmed on Saturday.

JUNE 30: The Pacers have reached a pair of deals to add two noteworthy free agents to their roster. According to Shams Charania of The Athletic (via Twitter), the team has struck an agreement to acquire Malcolm Brogdon and will sign Jeremy Lamb to a three-year, $31.5MM contract.

ESPN’s Adrian Wojnarowski reports (via Twitter) that the Pacers are signing Brogdon to a four-year, $85MM deal and will acquire him via sign-and-trade to ensure that the Bucks don’t match the offer. Milwaukee will receive a first-round pick and a pair of future second-rounders, per Woj. All four years of Brogdon’s deal are guaranteed, adds David Aldridge of The Athletic (via Twitter).

The additions of Brogdon and Lamb represent an interesting pivot for the Pacers, who had reportedly hoped to re-sign Bojan Bogdanovic, and appeared to be on track to add Ricky Rubio to replace departed point guards Darren Collison and Cory Joseph. Instead, Bogdanovic will head to the Jazz on a four-year deal, while Rubio agreed to sign a three-year contract with the Suns.

It’s probably not fair to characterize Brogdon and Lamb as fallback options though. Brogdon was viewed as one of this year’s top restricted free agents after recording 15.6 PPG, 4.5 RPG, and 3.2 APG with an impressive .505/.426/.928 shooting line in 2018/19. As for Lamb, he was Charlotte’s second-best scorer behind Kemba Walker, averaging 15.3 PPG and 5.5 RPG on .440/.348/.888 shooting for the Hornets.

The duo will join a backcourt that will feature a healthy Victor Oladipo at some point during the 2019/20 season (though likely not by opening night). The Pacers still project to have about $5MM in cap room after agreeing to their deals with Brogdon and Lamb, notes ESPN’s Bobby Marks.

Gery Woelfel of Woelfel’s Press Box first reported (via Twitter) that the Bucks were working on a sign-and-trade involving Brogdon. Milwaukee reached deals to bring back Khris Middleton and Brook Lopez and is reportedly working on trying to bring back George Hill as well. Additionally, sending Brogdon to Indiana will generate a traded player exception for the Bucks, which will be worth half of Brogdon’s first-year salary.

Photo courtesy of USA Today Sports Images.