Indiana Pacers Rumors | Hoops Rumors

Contract Details: J. Smith, Oladipo, Co. Martin, Payton, More

July 7th, 2022 at 6:45am CST by Luke Adams

Jalen Smith‘s new deal with the Pacers, initially reported as a two-year agreement, is actually a three-year contract with a player option in year three, according to Scott Agness of Fieldhouse Files (Twitter link). The deal also includes a trade kicker, says Agness.

Hoops Rumors can confirm Agness’ report and add that Smith’s trade kicker is worth 10%. The Pacers gave the big man the highest starting salary they legally could after the 2022/23 option in his rookie scale contract was turned down last year, resulting in a 2022/23 cap hit of $4,670,160 and subsequent 8% annual raises. Smith’s three-year deal has a total value of $15.13MM.

Here are a few more details on recently signed or agreed-upon contracts:

According to Anthony Chiang of The Miami Herald, Victor Oladipo‘s two-year deal with the Heat will be worth in the neighborhood of $18MM. As we relayed on Wednesday evening, Oladipo agreed to lower his 2022/23 salary in exchange for a second-year option. Dewayne Dedmon‘s two-year contract with the Heat, meanwhile, is worth $4.7MM in ’22/23 with a non-guaranteed $4.32MM salary in ’23/24.
Cody Martin‘s four-year contract with the Hornets is worth a total of $31.36MM, Hoops Rumors has learned. Martin’s $8.68MM salary in the final season of the deal (2025/26) is non-guaranteed.
Gary Payton II‘s three-year deal with the Trail Blazers has a starting salary of $8.3MM and is worth $26.15MM in total, slightly below its reported value of $28MM, Hoops Rumors has learned. The signing leaves Portland with a small portion of its mid-level exception remaining.
Jae’Sean Tate‘s three-year contract with the Rockets has a base value of $20.63MM, but can be worth up to $22.13MM if Tate earns all of his unlikely incentives. Kelly Iko of The Athletic previously reported that those incentives are tied to the team’s performance and that Tate’s contract includes a third-year team option.
Anfernee Simons‘ new four-year, $100MM contract with the Trail Blazers is fully guaranteed, without any incentives, Hoops Rumors has learned. It begins at $22.32MM in 2022/23 and eventually increases to $27.68MM in ’25/26.
New Raptors forward Otto Porter will earn $6MM in 2022/23, with a $6.3MM player option in ’23/24, Hoops Rumors has learned.

Lakers Checked On Buddy Hield

July 6th, 2022 at 6:58pm CST by Arthur Hill

As the Lakers discuss a potential Kyrie Irving trade with the Nets, they’ve also checked on Rockets guard Eric Gordon and Pacers guard Buddy Hield, Wojnarowski said on “NBA Today” (Twitter link). Both are former clients of general manager Rob Pelinka, and L.A. came close to trading for Hield last summer before deciding to pursue Russell Westbrook.

Pacers, Duane Washington Push Back Salary Guarantee Date

July 6th, 2022 at 5:07pm CST by Arthur Hill

5:07pm: Agness has now corrected his initial report, tweeting that the Pacers and Washington agreed to push back the guard’s salary guarantee date to July 15.

4:47pm: The 2022/23 contract for Pacers guard Duane Washington became fully guaranteed today as he remained on the roster past the guarantee date, tweets Scott Agness of Fieldhouse Files.

Washington, who will make $1.56MM next season, also has a non-guaranteed $1.84MM contract for 2023/24. The guarantee date for that season is June 30, 2023.

The 22-year-old signed a two-way deal with Indiana last summer after going undrafted out of Ohio State. He was upgraded to a standard contract in early April, shortly before the end of the regular season.

Washington appeared in 48 games as a rookie, making seven starts, and averaged 9.9 points, 1.7 rebounds and 1.8 assists in 20.2 minutes per night.

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.

Fischer’s Latest: Ayton, Durant, S. Barnes, Kyrie

July 6th, 2022 at 10:16am CST by Luke Adams

Deandre Ayton appears to have been the free agent most directly affected by the ongoing Kevin Durant sweepstakes, writes Jake Fischer of Bleacher Report.

As Fischer outlines, Ayton’s restricted free agency has been stalled in part because he could theoretically be an outgoing piece in a Suns deal for Durant and also because teams with interest in both players – including Toronto – won’t want to give up assets in a sign-and-trade for Ayton before seeing what happens with Durant.

According to Fischer, the Pacers and Raptors have been the teams most frequently linked to Ayton, with the Jazz described as a less likely destination for the young center. The Pacers and Spurs are the only teams that have the cap flexibility necessary to realistically extend an offer sheet to Ayton. It’s unclear whether he’d rather try to pursue a deal with one of them or wait for a possible sign-and-trade opportunity to a team closer to contention, Fischer says.

One hypothetical scenario is a multi-team trade that sends Durant to Phoenix; Ayton to Indiana in a sign-and-trade; and Myles Turner, multiple Suns wings, and draft capital to Brooklyn. However, Fischer hears from sources that such a package is unlikely to meet the Nets’ high asking price for Durant.

Here’s more from Fischer:

League personnel have begun to discuss the possibility of the Nets simply hanging onto Durant and Kyrie Irving into the regular season, according to Fischer. “Rudy Gobert getting traded for an arm, a leg and two mountains is helping their cause. There’s no way the Nets will ever trade Kevin Durant for anything less than what Rudy Gobert got Utah,” a Western Conference executive told Fischer. “If nothing comes, I can see them saying (to the players), ‘We just all have to come back.’ If I’m them, I just try to string this out as long as possible.”
As has been previously reported, there’s skepticism that the Suns will be able to build a package that appeals to the Nets without getting at least one more team involved. “Deandre Ayton, Mikal Bridges, Cam Johnson and five picks still isn’t enough to me for KD,” one GM said to Bleacher Report.
Multiple sources with knowledge of the situation tell Fischer that the Raptors remain unwilling to part with Rookie of the Year Scottie Barnes.
Fischer’s league sources “strongly discounted” the idea that either the Mavericks or Sixers is a serious suitor for Irving. The Lakers remain Brooklyn’s most obvious trade partner for Kyrie, but there’s a sense that they may need to involve a third team to meet the Nets‘ asking price — a package of Russell Westbrook and draft assets wouldn’t maximize Brooklyn’s chances of contending in the short term, Fischer explains.

Three More Free Agents For The Pacers To Consider

July 5th, 2022 at 2:58pm CST by Arthur Hill

Kessler Edwards, Isaiah Roby and Juancho Hernangomez are among the players the Pacers should be keeping an eye on, contends James Boyd of The Indianapolis Star. Edwards and Hernangomez are unrestricted free agents and Roby would join them if he clears waivers today.

Eastern Notes: Pistons, Sixers, Raptors, Haliburton

July 4th, 2022 at 7:11pm CST by Dana Gauruder

The Pistons entered last week with plenty of cap space and used a good portion of it on their impending trade with the Knicks for Alec Burks and Nerlens Noel and their free agent deals with Marvin Bagley and Kevin Knox. They have a full roster but still need more shooting, plus they have an overload of big men, Omari Sankofa II of the Detroit Free Press notes. It’s possible the Pistons could get involved in another trade, rather than dipping again into the free agent market.

We have more from the Eastern Conference:

The Sixers added grit and toughness by securing commitments from P.J. Tucker and Danuel House in free agency but there’s more work to be done, Keith Pompey of the Philadelphia Inquirer writes. They still need to replace starting wing Danny Green and they’re still too dependent on Joel Embiid‘s health and a bounce back from James Harden to reach the top of the Eastern Conference.
Going all in for a spirited run at Kevin Durant is far from a no-brainer for the Raptors, Eric Koreen of The Athletic argues. While the Raptors have the pieces to make the Nets a substantial offer, they have been built around draft successes and development. They have to decide whether to risk the future for another championship run or count on incremental growth to keep open their window of opportunity for several more seasons.
By agreeing to trade Malcolm Brogdon to the Celtics, the Pacers essentially gave Tyrese Haliburton the keys to the franchise, according to James Boyd of the Indianapolis Star. It was a clear signal that they’re building around their potential All-Star guard. He is now the team’s unquestioned backcourt leader and the Pacers could potentially have three first-round picks next year. They also now have the cap flexibility to make a max contract offer to restricted free agent Deandre Ayton, if they choose that route.

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.

Pacers Sign Bennedict Mathurin

July 3rd, 2022 at 11:09am CST by Arthur Hill

Bennedict Mathurin, the sixth pick in this year’s draft, has signed with the Pacers, the team announced in a press release.

If Mathurin receives 120% of the rookie scale, which is standard, he will be paid approximately $6.59MM during his first season and $29.9MM over the four-year contract.

Mathurin, 20, rose up draft boards after a strong sophomore season at Arizona, averaging 17.7 points, 5.6 rebounds and 2.5 assists and earning Pac 12 Player of the Year honors. He was a second-team All-American and was named Most Outstanding Player in the conference tournament.

The 6’6″ swingman also has international experience, helping Canada capture a bronze medal last year in the FIBA Under-19 World Cup.