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Lakers Re-Sign Austin Reaves To Four-Year Contract

July 1st, 2023 at 2:07pm CST by Luke Adams

JULY 6: Reaves is officially back under contract with the Lakers. The team issued a press release announcing the signing.

JULY 1: Restricted free agent guard Austin Reaves will be returning to the Lakers, per Shams Charania of The Athletic (Twitter link), who hears from agents Aaron Reilly and Reggie Berry that Reaves will be signing a four-year contract worth the full Early Bird amount to remain in Los Angeles.

The deal will be worth just shy of $54MM. It will include a fourth-year player option, per Michael Scotto of HoopsHype (Twitter link), and will feature a 15% trade kicker, according to Charania (Twitter link).

It’s a great outcome for the Lakers, who only held Reaves’ Early Bird rights and couldn’t legally offer him any more than approximately $54MM over four years. Because he was an Arenas provision free agent, Reaves would have been eligible for a back-loaded offer sheet worth in excess of $100MM from a rival suitor, which Los Angeles could have matched.

However, either that offer sheet didn’t materialize or Reaves simply opted to negotiate directly with the Lakers in order to stay with the club that helped facilitate his breakout season in 2022/23.

The No. 12 free agent on our top-50 list, Reaves averaged 13.0 points, 3.4 assists, and 3.0 rebounds in 28.8 minutes per game with an excellent .529/.398/.864 shooting line in 64 regular season appearances last season. He was a full-time starter in the postseason and played even better, putting up 16.9 PPG, 4.6 APG, and 4.4 RPG on .464/.443/.895 shooting in 16 contests (36.2 MPG).

It has been a busy 24 hours for the Lakers, who also reached agreements to re-sign D’Angelo Russell and Rui Hachimura and lined up deals with Gabe Vincent, Taurean Prince, Cam Reddish, and Jaxson Hayes.

Assuming they sign Maxwell Lewis to a rookie-minimum contract, the Lakers will be right up against the luxury tax line with at least one roster spot still to fill, tweets Yossi Gozlan of HoopsHype. However, they’ll have plenty of breathing room below the first tax apron ($172.3MM), which will be their hard cap for the season.

The Lakers will likely seek one more big man with their 14th roster spot and will plan on keeping the 15th slot open to begin the 2023/24 season, tweets Dave McMenamin of ESPN.

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Pacific Notes: Lakers, Draymond, Preston, Duarte, Kings

July 1st, 2023 at 10:58am CST by Rory Maher

The Lakers made some roster changes yesterday, agreeing to free agent deals with guard Gabe Vincent and forwards Taurean Prince and Cam Reddish. They’re also signing big man Jaxson Hayes to fortify their frontcourt depth.

Vincent will replace Dennis Schröder, who wound up signing with Toronto after the Raptors lost Fred VanVleet in free agency. That transaction came after the Vincent deal was reported.

Team sources tell Jovan Buha of The Athletic that the Lakers contemplated re-signing Schröder, but believe Vincent is a better player and will provide more value. According to Buha, head coach Darvin Ham was one of the people “strongly in favor” of bringing Schröder back.

Despite waiving Mohamed Bamba before his $10.3MM salary became guaranteed, the center is still interested in returning to Los Angeles, a source tells Buha. However, Buha’s article was released before the team agreed to sign Hayes, and the Lakers still have Wenyen Gabriel and Tristan Thompson as free agents.

Here’s more from the Pacific:

  • Draymond Green and the Warriors both had negotiating wins for his new four-year, $100MM contract, writes Anthony Slater of The Athletic. As Slater explains, the Warriors got significant tax savings for 2023/24 by Green taking a first-year pay cut compared to his declined player option, while Green got a fourth year tacked on to the end of the deal.
  • Clippers and guard Jason Preston mutually agreed to push back his salary guarantee date to July 18, a source tells Andrew Greif of The Los Angeles Times (Twitter link). The 33rd pick of the 2021 draft out of Ohio University, Preston missed his entire rookie season after undergoing right foot surgery. Preston only appeared in 14 regular season games for a total of 124 minutes this past season. The 23-year-old spent most of ’22/23 in the G League with the team’s G League affiliate. His salary will remain non-guaranteed for now.
  • 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.
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Lakers Sign Jaxson Hayes To Two-Year Deal

July 1st, 2023 at 8:38am CST by Rory Maher

JULY 6: The Lakers have officially signed Hayes, they announced today in a press release.

JULY 1: The Lakers are signing Jaxson Hayes to a two-year contract, sources tell ESPN’s Adrian Wojnarowski (Twitter links). The second year will be a player option, Woj adds.

It seems likely that Hayes will be receiving the veteran’s minimum, barring a sign-and-trade with New Orleans.

Hayes, 23, was the eighth overall pick of the 2019 draft after one college season at Texas. He spent his first four NBA seasons with the Pelicans, who chose not to give him a qualifying offer in order to make him a restricted free agent.

A 6’11” big man who has played both forward and center but is primarily viewed as a five, Hayes has yet to live up to his draft status, averaging 7.5 points and 4.0 rebounds in 241 regular season games with the Pelicans over the past four years (16.8 minutes). In 610 total minutes in 2022/23, he had the worst on/off differential on the team, per NBA.com.

Still, while Hayes doesn’t have a great basketball IQ, he’s young and is a strong run-and-jump athlete. Considering he’s probably getting a minimum-salary deal, he was worth a flier as a potential buy-low candidate given the dearth of available big men on the market.

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Spurs, Rockets Have Most Remaining Cap Room

July 1st, 2023 at 7:41am CST by Luke Adams

As we enter the first day of the NBA’s 2023/24 league year, two Southwest rivals – the Spurs and Rockets – are the teams with the most projected cap room still available, according to ESPN’s Bobby Marks (Twitter links) and Keith Smith of Spotrac (Twitter link).

San Antonio and Houston were active on Friday night. The Spurs reached agreements to re-sign restricted free agents Tre Jones and Julian Champagnie, while the Rockets made one of the biggest splashes of the summer so far by agreeing to a three-year, maximum-salary contract with Fred VanVleet. However, Jones and Champagnie have cap holds below their projected salaries, while Houston entered the offseason with approximately $64MM in room, so both teams still have plenty of flexibility.

Marks projects the Spurs at $29MM in remaining space, while Smith suggests they could actually still create up to $34MM+ if needed. Either way, they still have more spending power than any team in the NBA. Both Marks and Smith have the Rockets at approximately $25MM.

The Kings, Jazz, and Pacers are among the other clubs that still project to have more than $10MM in cap room remaining, though Sacramento’s and Indiana’s figures are hard to pin down because they’ll hinge on whether the teams complete their rumored trade involving Chris Duarte. The Kings also still have a path to remain an over-the-cap team if they want to, since none of their reported moves so far absolutely require cap space.

Here are a few other things to watch as the second day – and first full day – of the free agent period gets underway:

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Free Agent Rumors: G. Williams, Lakers, Gordon, Vincent, Brooks

July 1st, 2023 at 1:39am CST by Alex Kirschenbaum

The Celtics are letting the market dictate how they proceed with the contract of restricted free agent power forward Grant Williams.

Sources tell Adam Himmelsbach of The Boston Globe that, since Boston has the right of first refusal on Williams, the team is waiting to see if he gets an offer sheet before making a decision on his future.

The 3-and-D role player could be feeling some roster squeeze if he does return to the Celtics next season, as the club will now boast a frontcourt that features Kristaps Porzingis in addition to Al Horford and Robert Williams III.

Here’s more from around the league:

  • The Lakers may be open to bringing back unrestricted free agent shooting guard Malik Beasley for next season, even after deciding not to pick up their $16.5MM option on him for 2023/24. Sources tell Jake Fischer of Yahoo Sports that team president Rob Pelinka still appreciates Beasley as a player and the club has some interest in re-signing him on what would have to be a significantly smaller deal. Fischer adds that the Lakers have not yet made a determination on the future of starting point guard D’Angelo Russell, though both Russell’s management and L.A. had been hopeful about reaching a new long-term deal earlier Friday.
  • Fischer adds that the Raptors were viewed as a prime suitor Gabe Vincent as it became increasingly clear that Fred VanVleet would sign a huge new contract with the Rockets. However, after Lakers mid-level target Bruce Brown joined the Pacers early on in free agency, Los Angeles weighed a pursuit of shooting guard Eric Gordon before ultimately deciding on Vincent. Sources tell Fischer that the Raptors didn’t end up reaching out to Vincent during free agency.
  • The Heat offered Vincent a four-year, $34MM contract to stay in Miami, a source tells Tim Reynolds of The Associated Press (via Twitter). The 27-year-old instead opted for a shorter-term deal with a higher annual salary, accepting a three-year, $33MM offer from the Lakers.
  • The Rockets‘ anticipated meeting with small forward Dillon Brooks is taking place either late on Friday or at some point on Saturday, reports Kelly Iko of The Athletic. According to Iko, the defensive-oriented 6’7″ swingman has had conversations with the Bucks and Lakers on Friday while Houston focused on locking up VanVleet. Now that the Lakers have committed most of their mid-level exception to Vincent, they’re likely no longer a viable landing spot for Brooks, Iko notes.
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Lakers Sign Cam Reddish To Two-Year Contract

June 30th, 2023 at 8:09pm CST by Alex Kirschenbaum

JULY 6: The Lakers have officially signed Reddish, the team confirmed in a press release.

JUNE 30: The Lakers are signing free agent forward Cam Reddish to a two-year contract, per Brad Turner of The Los Angeles Times and Shams Charania of The Athletic (Twitter links).

Klutch Sports CEO Rich Paul informs Dave McMenamin of ESPN that the second year of the agreement will be a player option. Michael Scotto of HoopsHype reveals (via Twitter) that the contract will be a minimum deal.

The athletic 6’8″ small forward is already pretty well-traveled as he embarks on just his fifth NBA season in 2023/24. The Hawks selected him with the tenth overall pick in the 2018 draft out of Duke. He has since suited up, briefly, for the Knicks and Trail Blazers.

Splitting his 2022/23 season between New York and Portland, he averaged 9.7 PPG, 2.2 RPG, 1.4 APG and 1.0 APG in 40 contests.

Los Angeles has enjoyed a very proactive first few hours of free agency. Beyond taking this flyer on Reddish, the Lakers have also already re-signed restricted free agent power forward Rui Hachimura and added point guard Gabe Vincent and combo forward Taurean Prince.

L.A. will now determine the fates of restricted free agent shooting guard Austin Reaves, plus unrestricted free agent guards D’Angelo Russell, Dennis Schroder, and Lonnie Walker IV, all of whom helped the club return to its first Western Conference Finals since 2020.

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Lakers Sign Rui Hachimura To Three-Year Deal

June 30th, 2023 at 7:44pm CST by Rory Maher

JULY 6: The Lakers have officially re-signed Hachimura, the team confirmed today in a press release.

JUNE 30: The Lakers have reached an agreement with Rui Hachimura, according to Shams Charania of The Athletic (Twitter link). Sources tell Charania that the restricted free agent forward will sign a three-year, $51MM contract to remain in Los Angeles.

According to Brad Turner of The Los Angeles Times (Twitter link), Hachimura’s deal will be fully guaranteed.

The ninth pick of the 2019 draft, Hachimura spent his first three-plus NBA seasons with the Wizards, averaging 13.0 PPG and 5.1 RPG on .479/.356/.776 shooting in 177 games over that span (118 starts, 27.8 MPG). In 30 games with the Wizards in 2022/23, he averaged 13.0 PPG and 4.3 RPG on .488/.337/.759 shooting in 24.3 MPG off the bench.

Hachimura was traded to the Lakers in January in exchange for Kendrick Nunn and three second-round picks. His regular-season numbers actually declined with L.A., with the Japanese forward posting 9.6 PPG and 4.7 RPG on .485/.296/.721 shooting in 33 games (nine starts, 22.4 MPG).

However, he had a scorching hot playoff run, posting a .557/.487/.882 shooting line across 16 postseason appearances. He also chipped in 12.2 PPG and 3.6 in 24.3 MPG during the Lakers’ journey to the Western Conference Finals.

Hachimura was eligible for a rookie scale extension before last season started and reportedly received an offer in the range of $12-14MM per year, but passed on that opportunity in search of a bigger deal in free agency. It turned out to be a wise financial decision, as he’ll be making $17MM annually on his new contract.

In case you missed it, the Lakers have also reached free agent agreements with guard Gabe Vincent and forward Taurean Prince.

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Gabe Vincent Signs Three-Year Contract With Lakers

June 30th, 2023 at 6:24pm CST by Luke Adams

JULY 6: Vincent is officially a Laker, having formally signed his new contract, according to the team (Twitter link).

JUNE 30: Free agent point guard Gabe Vincent will leave the Heat for the Lakers, according to Shams Charania of The Athletic (Twitter link), who reports that Vincent has agreed to a three-year, $33MM contract with Los Angeles.

Miami, wary of increasing the team’s projected tax bill, had offered Vincent a three-year deal that started at $7.7MM, tweets Barry Jackson of The Miami Herald. The Lakers will give him an $11MM annual salary, presumably using a significant portion of their non-taxpayer mid-level exception.

The deal will be fully guaranteed with no player or team option on the third year, tweets Jake Fischer of Yahoo Sports.

Vincent, 27, began the 2022/23 season as rotation player off the Heat’s bench, but was elevated to the starting lineup in early February due to a Kyle Lowry injury. On the year, he averaged 9.4 PPG, 2.5 APG, and 2.1 RPG with a .402/.334/.872 shooting line in 68 regular season games (25.9 MPG).

Vincent held onto his starting job during the Heat’s run to the NBA Finals and played well in the postseason. Notably, he averaged 13.8 PPG and shot .438/.426/.909 in the Heat’s final two series vs. the Celtics and Nuggets, despite spraining his ankle vs. Boston.

Even after agreeing to sign Vincent, Los Angeles still has interest in bringing back point guard D’Angelo Russell, tweets Jovan Buha of The Athletic. However, Buha expects Vincent’s deal means that Dennis Schröder won’t be back with the team.

Vincent was the No. 23 free agent on our top-50 list.

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Lakers Sign Taurean Prince

June 30th, 2023 at 5:20pm CST by Luke Adams

JULY 6: The Lakers’ deal with Prince is now official, the team announced in a press release.

JUNE 30: The Lakers have agreed to sign free agent forward Taurean Prince, league sources tell Shams Charania of The Athletic (Twitter link). Prince cleared waivers today after being waived by the Timberwolves on Wednesday.

According to Adrian Wojnarowski of ESPN (Twitter link), Prince’s deal with the Lakers will be worth $4.5MM for one year.

Los Angeles intends to use its bi-annual exception to complete the signing, which would leave the full mid-level exception available, tweets Dave McMenamin of ESPN. Using the BAE will hard-cap the Lakers at the first tax apron ($172.3MM) in 2023/24.

Prince was a reliable rotation piece in Minnesota for the last two years. In 123 games since the start of the 2021/22 season, he has averaged 8.1 points, 2.5 rebounds, and 1.2 assists in 19.3 minutes per night, with a solid shooting line of .460/.378/.799.

However, the Wolves ultimately decided that Prince’s $7.46MM salary for 2023/24 was a higher price than they wanted to pay and waived him before that money became fully guaranteed.

Prince had been the No. 37 player on our list of this year’s top 50 free agents.

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Western FA Rumors: D-Lo, Lakers, H. Jones, Suns, Warriors

June 30th, 2023 at 2:27pm CST by Luke Adams

There are “strong” indications that the Lakers are trending toward a new two-year deal with free agent point guard D’Angelo Russell, reports Jake Fischer of Yahoo Sports. According to Fischer, that two-year contract could be worth in the neighborhood of $40MM in total, though the second season may be a team option or non-guaranteed.

While the Lakers have interest in re-signing both Dennis Schröder and Lonnie Walker, it’s unclear which one the club is prioritizing, Fischer writes. Schröder will likely require a raise that exceeds the Non-Bird exception, so if Los Angeles uses its mid-level exception on an outside free agent, the team may have to allot its bi-annual exception to him, Fischer explains. In that scenario, it’s unclear whether the team would have enough room to re-sign Walker to a market-value deal as well while remaining below a hard cap.

Another potential path would see L.A. splits its mid-level between Schröder and a frontcourt player such as Mason Plumlee, sources tell Yahoo Sports. If Schröder doesn’t end up back with the Lakers, a reunion with Bulls coach Billy Donovan in Chicago is possible, Fischer writes. Donovan previously coached the point guard in Oklahoma City.

Finally, Fischer is one of a handful of reporters who have linked free agent forward Cam Reddish to Los Angeles. The Lakers were said to have some trade interest in Reddish – a Klutch Sports client – during each of the past two seasons. He’d be a minimum-salary target, Fischer notes.

Here are a few more free agency rumors from around the Western Conference:

  • Two forwards who had their team options declined by the Pelicans on Thursday figure to take very different paths this summer. According to Fischer, Herbert Jones will likely end up back in New Orleans on a four-year deal worth a little more than $50MM, which would presumably be his Early Bird maximum. Willy Hernangomez, on the other hand, is considered a good bet to accept a lucrative offer from a EuroLeague team rather than seeking another minimum-salary NBA deal, Fischer reports.
  • The Suns intend to bring back several of their own free agents, including Torrey Craig, Damion Lee, Jock Landale, and Josh Okogie, according to Fischer, who says agent big man Drew Eubanks is another strong candidate to end up in Phoenix. Fischer is also the latest reporter to link Yuta Watanabe and Mike James to the Suns.
  • The Lakers and Warriors are among the teams eyeing free agent guard Shake Milton, per Fischer. Free agent forward Dario Saric has also received “strong” interest from Golden State, sources tell Yahoo Sports.
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