- The Pacers made it clear they wouldn’t sign a restricted free agent to an offer sheet this offseason after giving Deandre Ayton a four-year, $133MM offer sheet a year ago, ESPN’s Zach Lowe said on his latest Lowe Post podcast. “Remember, they were the ‘Herb Simon doesn’t let us do offer sheets’ team,” Lowe said, referring to the Pacers’ team owner. “And he made an exception for Ayton and it got matched and it was a little bit of a mess. They sent around the league, like, ‘We’re not doing offer sheets.'”
JULY 6, 8:15pm: The Pacers and Kings have officially completed the trade sending Duarte to Sacramento. The Kings put out a press release confirming the move.
JULY 6, 2:43pm: The Pacers and Kings are in agreement on their Duarte trade, according to ESPN’s Adrian Wojnarowski (Twitter link), who reports that the deal is expected to be finalized today.
Indiana will receive Dallas’ 2028 second-round pick and Sacramento’s own 2030 second-rounder, reports Dustin Dopirak of The Indianapolis Star (Twitter link).
JUNE 30, 9:41am: The Kings and Pacers are nearing an agreement on a trade that will send wing Chris Duarte to Sacramento, sources tell Shams Charania of The Athletic (Twitter link). According to Charania, Indiana would receive draft compensation in the deal.
Duarte, 26, was the 13th overall pick in the 2021 draft out of Oregon. He had a promising rookie season in 2021/22, averaging 13.1 PPG with a .369 3PT% in 55 games (28.0 MPG), but took a step back in his second year in the NBA.
The 6’6″ swingman battled injuries that limited him to 46 games in 2022/23 and his numbers dipped to 7.9 PPG with a .316 3PT%. The emergence of rookie Bennedict Mathurin and the addition of another former lottery pick, Aaron Nesmith, resulted in Duarte playing a diminished role (19.5 MPG) even when he was available.
The Kings appear willing to bet that Duarte can recapture his rookie former and will take on his $4.1MM guaranteed salary for 2023/24. They’ll have to make a decision by October 31 on his $5.9MM option for the ’24/25 season. If that option is picked up, Duarte would become extension-eligible during the 2024 offseason.
The Pacers also reportedly discussed Duarte in their trade talks with the Hawks about De’Andre Hunter.
JULY 6: The Pacers have officially Haliburton to his maximum-salary rookie scale extension, the team announced today.
The contract doesn’t feature a player option, but does have a 15% trade kicker, according to Tony East of SI.com (Twitter link), who confirms that a spot on any of the three All-NBA teams next season will bump Haliburton up to the full 30% max.
JUNE 30: Point guard Tyrese Haliburton is signing a five-year, rookie scale max extension with the Pacers, agents Dave Spahn and Aaron Mintz tell ESPN’s Adrian Wojnarowski (Twitter link).
As a designated rookie, Haliburton will earn at least 25% of the 2024/25 salary cap, which is when his extension will officially kick in. However, Wojnarowski suggests the contract will feature Rose rule language that could boost the value to 30% of the cap over five years.
To receive the 30% max, Haliburton will have to meet one of three performance criteria next season: All-NBA, Defensive Player of the Year, or MVP. If he earns one of those honors and the cap increases by 10% in ’24/25, Haliburton’s deal would be worth $260MM.
The 23-year-old averaged 20.7 PPG, 10.4 APG, 3.7 RPG and 1.6 SPG on an excellent .490/.400/.871 shooting line in 56 games (33.6 MPG) in ’22/23, earning his first All-Star nod in the process. The former first-round pick just finished his third season, making him eligible for a rookie scale extension.
Several draft analysts had Haliburton high on their boards, but he wound up falling to the Kings at No. 12 overall in 2020. He played very well in his stint with Sacramento, but his fit with fellow point guard De’Aaron Fox was less than perfect, particularly defensively, so the Kings memorably traded him in February 2022 for a package headlined by big man Domantas Sabonis.
The deal has worked out well for both teams. Sabonis helped the Kings break their record-long playoff drought, while Haliburton has shined in a featured role with Indiana.
Advanced stats nearly universally say Haliburton has been the top player from the 2020 draft class through three seasons. His efficiency and excellent decision-making stand out.
The 23-year-old only averaged 2.5 turnovers per game last season, good for a 4.15-to-1 assist-to-turnover ratio – an top-tier mark. Indiana went 28-28 with him in the lineup, versus 7-19 without him.
The Pacers are looking to take a step forward in ’23/24, which will be the final year of Haliburton’s rookie deal. They agreed to two-year, $45MM contract with Bruce Brown, who helped the Nuggets win their first championship in June, and have their eyes set on the playoffs.
Prior to signing his $7.9MM qualifying offer, Miles Bridges was seeking around $25MM per year in talks with the Hornets, sources tell Jake Fischer of Yahoo Sports. However, Charlotte was unwilling to approach that figure, which is why Bridges’ representatives quickly opted for unrestricted free agency in 2024.
Bridges was ineligible to be included in a sign-and-trade because he wasn’t on the team’s roster last season, having missed all of 2022/23 after facing a felony domestic violence charge. He agreed to a plea deal and was subsequently suspended by the NBA, who will require him to sit out the first 10 games of ’23/24.
Prior to that incident, Bridges was viewed as one of the top free agents of the 2022 class, having averaged 20.2 PPG, 7.0 RPG, and 3.8 APG on 49.1% shooting in 80 games (35.5 MPG) in ’21/22. There was talk of him receiving $30MM annually in an offer sheet last year, according to Fischer, with the Pacers, Pistons and Grizzlies all linked to the 25-year-old forward.
Here’s more from Fischer’s latest story for Yahoo Sports:
- Hornets restricted free agent forward P.J. Washington might have to wait a while in order to find the type of contract he’s seeking, and it might have to come via sign-and-trade. Marc Stein first reported that the former first-round pick is seeking around $18MM annually. According to Fischer, Washington is looking for $80MM over four years. Fischer writes that several agents seem to be pointing to Keldon Johnson‘s rookie scale extension with the Spurs as a benchmark of sorts in negotiations.
- The Pelicans continue to gauge the trade market for reserve guard Kira Lewis Jr. and starting center Jonas Valanciunas, sources tell Fischer. Lewis is entering the final year of his rookie scale contract and could become a restricted free agent next summer, while Valanciunas’ $15.4MM deal is expiring.
- Fischer hears the recent conversations between the Hawks and Raptors haven’t been very productive when it comes to a potential Pascal Siakam deal. On an unrelated note, Fischer also reports there’s optimism within Atlanta’s organization that the team will be able to extend Dejounte Murray.
- The Raptors have expressed interest in Bulls guard Ayo Dosunmu, Fischer reports. However, it’s unclear if they’ll try to make a run at the restricted free agent via an offer sheet or sign-and-trade.
- Like other reporters, Fischer has heard there’s mutual interest in a reunion between the Sixers and restricted free agent big man Paul Reed.
The Pistons didn’t have the “loud and exciting” free agency that some fans were anticipating, but they’ve added veteran depth to their young roster, according to James L. Edwards of The Athletic, who notes that former lottery picks like Marvin Bagley III, James Wiseman, and Killian Hayes project to be low enough on the depth chart that they’ll have to earn their minutes.
Edwards does believe that all three of Bagley, Wiseman, and Hayes are candidates to be traded before or during the 2023/24 season. While more established veterans like Bojan Bogdanovic or Alec Burks could theoretically be moved too, none of the public statements made by general manager Troy Weaver about the team’s roster suggests that’s in the cards at this point, Edwards writes.
Here’s more from around the Central:
- The Cavaliers‘ 2023 offseason hasn’t been as splashy as in 2022, when the club acquired Donovan Mitchell. However, the team has accomplished virtually everything it set out to do by lining up deals to add a starting-caliber wing (Max Strus), a frontcourt shooter (Georges Niang), and a reserve center (Damian Jones), says Chris Fedor of Cleveland.com. The club also re-signed its own top free agent, Caris LeVert, and will bring in a player Koby Altman has targeted in the past: Ty Jerome. Cleveland tried to sign Jerome to a two-way contract a year ago, per Fedor, but he joined Golden State instead.
- The Cavaliers announced minor some changes within their front office, having promoted Brendon Yu to be the team’s director of scouting. Yu previously held the position of Cleveland Charge general manager, a role that will be taken over by Liron Fanan, the first female G League GM in team history.
- Some of the top forwards on the free agent market – including Harrison Barnes and Kyle Kuzma – may have used the Pacers‘ interest as leverage to get better deals with their own teams, notes Dustin Dopirak of The Indianapolis Star. Still, even if it wasn’t Indiana’s Plan A in free agency, Bruce Brown and Obi Toppin represent solid additions who won’t necessarily compromise the team’s financial flexibility beyond 2023/24, as Dopirak details.
- Besides being able to play both forward spots and defend multiple positions, Torrey Craig will also bring some much-needed shooting to the Bulls, writes Darnell Mayberry of The Athletic. As Mayberry observes, Chicago has ranked dead last in the NBA in each of the two seasons. Craig, who agreed to a two-year deal with the team, made a career-best 39.5% of his attempts from beyond the arc last season.
Guard Isaiah Wong and power forward Oscar Tshiebwe have inked two-way contracts with the Pacers, the team’s PR department tweets.
Both rookies will look to eventually earn their way to a spot on the 15-man roster.
Wong was chosen with the No. 55 pick of this year’s draft. He played four seasons for Miami (Fla.) and led the Hurricanes to the Final Four this past season. He averaged 16.2 points, 4.3 rebounds, 3.2 assists and 1.4 steals in 37 games last season. He also displayed a solid perimeter game (38.4% on 3-pointers).
Tshiebwe went undrafted despite a stellar college career at Kentucky. He averaged 16.2 points and 13.7 rebounds for the Wildcats last season. Tshiebwe’s agreement with the Pacers was previously reported and now it’s official.
The 6’9″ big man was a consensus All-American Second Teamer with the Wildcats last season and a consensus All-American First Teamer in 2022.
Under the new CBA, two-way contracts are worth half the rookie minimum, which comes out to $559,782 for each player. They can be partially guaranteed for up to $75K at the time of their signing.
The Bucks kept their core intact by re-signing Khris Middleton and Brook Lopez, but it will be challenging to fill out the roster while remaining under the second tax apron, writes Eric Nehm of The Athletic. The two new contracts bring Milwaukee’s projected spending for next season to nearly $170MM for eight players, leaving six more to be added without reaching the $182.79MM apron. Nehm points out that they can’t avoid the apron if they use their full $5MM taxpayer mid-level exception and will have to complete the roster mostly through veteran’s minimum contracts and re-signing their own players through Bird rights.
A new one-year deal with Jae Crowder will help, Nehm adds. The Bucks parted with five second-round picks to acquire the veteran forward in February, but he wasn’t a lock to return because he didn’t have the impact on defense that the team was expecting. Thanasis Antetokounmpo will likely be back, according to Nehm, but the Bucks are expected to wait until later this summer to officially sign him to retain their financial flexibility.
Nehm notes that finding a backup point guard will be a priority after losing Jevon Carter to the Bulls. He names Kendrick Nunn as a potential low-cost option, along with Cory Joseph, who is on the market after spending the last two seasons in Detroit.
Nehm suggests that Milwaukee could look for bargains with its other open roster spots. He mentions Kings shooting guard Terence Davis and Raptors point guard Dalano Banton as possibilities, as well the Lakers’ Malik Beasley and Lonnie Walker if they’re willing to accept minimum offers for one year to join a title contender.
There’s more from the Central Division:
- Instead of signing free agents, the Pistons used their cap room to trade for two veterans, which sets them up for big moves at the deadline and next summer, observes Omari Sankofa II of The Detroit Free Press. Joe Harris at $19.9MM and Monte Morris at $9.8MM use up virtually all of Detroit’s $30MM in cap space, but they both have expiring contracts that could be valuable at the deadline in February. Sankofa notes that the same is true for Alec Burks‘ $10.5MM deal, while Bojan Bogdanovic is virtually expiring because his 2024/25 contract only carries a $2MM guarantee.
- A family matter will prevent Jabari Parker from joining the Bucks for the Las Vegas Summer League, Nehm tweets. The former No. 2 overall pick is hoping for another NBA opportunity after sitting out all of last season.
- Pacers assistant Ronald Nored will join Quin Snyder‘s staff with the Hawks, tweets Scott Agness of Fieldhouse Files. Indiana will move Jenny Boucek to the front of the bench and make Jim Boylen an assistant after he served as a consultant last season.
While it’s possible the Nets will get involved in the Damian Lillard sweepstakes, Mikal Bridges is “not for sale,” league sources tell Michael Scotto of HoopsHype. That was the case leading up to the draft when the Trail Blazers‘ No. 3 pick was rumored to be on the trade block, and it will be the case again if Brooklyn makes a play for Lillard.
While the Nets aren’t Lillard’s preferred landing spot – he’s reportedly focused on Miami – they could put together a strong package of draft picks and quality players on team-friendly contracts, such as Royce O’Neale and Dorian Finney-Smith. According to Scotto, in trade negotiations involving those two forwards, Brooklyn has been unwilling to part with O’Neale for less than the equivalent of a first-round pick or Finney-Smith for the equivalent of two first-rounders.
Here’s more from Scotto:
- The Trail Blazers are expected to discuss Jusuf Nurkic in their Lillard trade talks, Scotto confirms. Meanwhile, even though Jerami Grant is re-signing with Portland, Scotto expects the forward to emerge as a trade candidate down the road, since he may not fit the Blazers’ post-Lillard timeline. The Pistons and Pacers were among the teams expected to have interest in Grant before word broke that he’d be re-signing with the Blazers, Scotto writes.
- Before he agreed to accept a two-year, $45MM offer from the Pacers, Bruce Brown received six offers in the neighborhood of the non-taxpayer mid-level exception ($12.4MM), according to Scotto, who says other teams with cap room also inquired on the popular free agent guard.
- The Nets‘ one-year deal with Dennis Smith Jr. is worth $2.53MM, league sources tell Scotto. That makes it a minimum-salary contract — the veteran’s minimum this season for a player with Smith’s six years of NBA experience is $2,528,233.
The Pacers have announced the signings of first-round picks Jarace Walker and Ben Sheppard.
As the eighth overall choice, Walker will receive a little more than $6MM, which is 120% of the rookie scale, in the first season of his four-year contract. The 6’8″ power forward averaged 11.2 points and 6.8 rebounds during his lone season at Houston and was named Freshman of the Year in the American Athletic Conference.
The Pacers were believed to be targeting Walker at No. 7, but they selected Bilal Coulibaly in a pre-arranged deal with the Wizards and traded him to Washington for the No. 8 pick.
Sheppard made a strong impression during the pre-draft process and was able to work his way up to the 26th choice. He’ll be eligible to receive $2,537,160 in his first season of his four-year deal.
A 6’6″ guard, Sheppard averaged 18.8 points, 5.2 rebounds and 2.9 assists as a senior at Belmont and was a first-team All-Missouri Valley Conference selection.
- The Kings and Pacers were reportedly nearing an agreement Friday morning on a trade that would send wing Chris Duarte to Sacramento in exchange for draft compensation. However, as of Friday night, the two teams had yet to agree to terms, a league source tells Jason Anderson of The Sacramento Bee.