Marcus Garrett Rumors | Hoops Rumors

Knicks Officially Acquire Karl-Anthony Towns In Three-Team Trade With Wolves, Hornets

October 2nd, 2024 at 1:56pm CST by Luke Adams

The Karl-Anthony Towns blockbuster involving the Knicks, Timberwolves, and Hornets is now official, according to press releases from each of the three teams involved in the deal.

Word first broke last Friday night that an agreement had been reached, with more details reported on Tuesday. The full terms of the trade are as follows:

Knicks acquire Towns and the draft rights to James Nnaji.
Timberwolves acquire Julius Randle, Donte DiVincenzo, Keita Bates-Diop, and the Pistons’ 2025 first-round pick (top-13 protected; from Knicks).
Hornets acquire DaQuan Jeffries (sign-and-trade), Charlie Brown Jr. (sign-and-trade), Duane Washington (sign-and-trade), either the Nuggets’ or Sixers’ 2025 second-round pick (whichever is least favorable; from Timberwolves), the Warriors’ 2026 second-round pick (from Knicks), the Knicks’ 2031 second-round pick, and cash ($7.2MM; from Knicks).

“We are beyond excited to welcome Karl-Anthony Towns to the New York Knicks family,” Knicks president of basketball operations Leon Rose said in a statement. “Karl-Anthony brings a skillset that is unique to the game of basketball. He possesses a blend of playmaking, shooting, rebounding and defending that in combination with his size allows him to compete at a level that is rare in this league. Karl-Anthony has demonstrated throughout his career to be a high caliber player and person on and off the court who will complement the type of team and culture we continue to build in New York.”

Minnesota waived camp invitee Jaedon LeDee in order to accommodate the one-for-three swap, while Charlotte cut guards Marcus Garrett and guard Caleb McConnell to make room on its roster for the three incoming players.

Both the Wolves and Hornets are now at their 21-man preseason limits, while the Knicks have five open spots on their 21-man squad. They’ll reportedly fill one of those spots by re-signing Chuma Okeke.

Our original report on the trade includes more details on the on-court implications of the move for the Knicks and Timberwolves. We also discussed how it will affect New York’s ability to fill out the rest of its regular season roster.

Here are a few more additional notes on the transaction:

Randle received his full 15% trade bonus as part of the transaction, confirms ESPN’s Bobby Marks (via Twitter). That bumps the forward’s cap hit for 2024/25 from $28,939,680 to $33,073,920. The cap charge for Randle’s ’25/26 player option ($30,935,520) remains unchanged, since the trade bonus doesn’t affect option years.
Towns also had a trade kicker in his contract, but it’s voided because he’s already earning his maximum salary, Marks adds (via Twitter).
The three players the Knicks signed-and-traded to the Hornets will each earn exactly $1 more than their respective minimum salaries, per Marks. That works out to $2,425,404 for Jeffries, $2,237,692 for Brown, and $2,162,607 for Washington. Teams aren’t permitted to aggregate multiple minimum-salary contracts for matching purposes in offseason trades, and since Bates-Diop is on a minimum deal, Jeffries, Brown, and Washington couldn’t be. Fred Katz of The Athletic (Twitter link) has heard that the NBA “isn’t thrilled” about the way in which the Knicks circumvented that rule, but it’s technically legal.
The Hornets used their $7,983,000 room exception to accommodate those three incoming salaries, becoming the first team to take advantage of the new rule allowing clubs to use their non-taxpayer mid-level exception, room exception, or bi-annual exception to acquire a player via trade. Charlotte now has just $1,157,297 left on that exception.
The Timberwolves will create a $4,686,880 trade exception in the deal, which they’d be allowed to use this season despite being a second-apron team. Teams operating above either tax apron are prohibited from using trade exceptions that were generated during the previous season, but can use newly created TPEs.
Because they sent approximately $7.2MM to the Hornets in the deal, were responsible for paying Randle’s $4.13MM trade bonus, and will reportedly pay Partizan Belgrade an estimated $850K for Washington’s buyout, the Knicks are on the hook for more than $12MM in cash, separate from player salaries, as a result of the deal.

Offseason Observations: Exhibit 10 Terms, Okoro, Current FAs, Stretch Provision

September 20th, 2024 at 5:36pm CST by Luke Adams

With the start of most NBA training camps just 11 days away (and even sooner than that for the Celtics and Nuggets), the 2024 offseason is nearing its end.

Before we put a bow on the summer of 2024, we have one more installment of our "Offseason Observations" to share today, following up on similar articles published in July and August.

Here are some of the under-the-radar cap- and CBA-related stories I'm keeping an eye on as teams around the league prepare for their media days and training camps.

The disparity between Exhibit 10 bonuses

As we've written many teams in recent weeks, when a player signs an Exhibit 10 contract with an NBA team, is waived before the regular season begins, and then spends at least 60 days with his club's G League affiliate, he's eligible to earn a bonus worth up to $77.5K.

We always clarify that those bonuses can be worth "up to" $77.5K because that's the maximum possible Exhibit 10 bonus in 2024/25 (up from $75K a year ago, having increased at the same rate as the salary cap). But not every player who signs an Exhibit 10 contract is able to negotiate that maximum bonus.

Unlock Subscriber-Exclusive Articles Like This One With a Trade Rumors Front Office Subscription

BENEFITS

Access weekly subscriber-only articles by Luke Adams
Join exclusive weekly live chats with Arthur Hill
Remove ads and support our writers.

Hornets Sign Marcus Garrett, Joel Soriano, Caleb McConnell

September 11th, 2024 at 8:23am CST by Luke Adams

8:23am: The Hornets have officially announced the signings and confirmed that all three players, plus Johnson, are on Exhibit 10 contracts, as expected.

8:13am: The Hornets are signing free agents Marcus Garrett, Joel Soriano, and Caleb McConnell to training camp contracts, league sources tell Rod Boone of The Charlotte Observer (Twitter link).

Garrett, a 6’5″ guard who went undrafted out of Kansas in 2021, spent part of his rookie season on a two-way contract with the Heat and appeared in 12 games for Miami. However, the former Naismith Defensive Player of the Year has primarily played in the G League since going pro. He spent last season with the Greensboro Swarm and played for the Hornets’ Summer League team in Las Vegas this July.

Soriano, a 6’10” center, went undrafted in June after finishing his college career at St. John’s. The big man averaged a double-double (14.5 points, 10.7 rebounds) in 66 games during his final two college seasons while also chipping in 1.6 blocks and 1.4 assists in 29.3 minutes per contest.

McConnell went undrafted out of Rutgers in 2023 and spent his rookie year with the Oklahoma City Blue, the Thunder’s G League affiliate. The 6’7″ wing, a two-time Big Ten Defensive Player of the Year in college, averaged 7.1 points, 5.7 rebounds, and 2.2 assists in 21.7 minutes per game across 47 Showcase Cup and regular season appearances for the Blue, who won the NBAGL championship in the spring. McConnell’s G League returning rights were recently traded from OKC to Greensboro.

Garrett, Soriano, and McConnell will almost certainly sign non-guaranteed Exhibit 10 contracts, which will put them in line to receive bonuses worth up to $77.5K if they’re waived by the Hornets, then spend at least 60 days with the Swarm. It’s worth noting that Exhibit 10 contracts can also be converted to two-way deals before opening night, and Charlotte does have a two-way slot open.

Prior to officially completing these three signings, the Hornets are carrying 17 players on their offseason roster — 14 on standard contracts, a pair on two-way deals, and one (Keyontae Johnson) on a camp contract. They’ve also reportedly agreed to an Exhibit 10 deal with Raequan Battle.

Heat Notes: Butler, Jovic, Garrett, Martin

January 2nd, 2023 at 6:44pm CST by Dana Gauruder

Jimmy Butler has missed 10 games this season due to right knee soreness and injury management and he’s still dealing with it, he told Ira Winderman of the South Florida Sun Sentinel. “I still got some work to do,” the Heat forward said. “It’s not where it needs to be.”

Butler, who has been medically cleared to play back-to-backs, and the Heat’s staff will continue to monitor the situation. “I can go out there and compete.” he said. “I can’t say that I’m fully healthy. .. The more rest that I have and able to get that recovery that I need is always going to be better.”

We have more from the Southeast Division:

Rookie big man Nikola Jovic has returned to South Florida for further evaluation of a back injury, Winderman reports in the same story. Jovic experienced back soreness after playing Saturday with the Heat’s G League affiliate, the Sioux Falls Skyforce.
Guard Marcus Garrett has played two games with the Skyforce, Winderman notes. Garrett underwent surgery in October for a right wrist fracture and the Heat subsequently waived him. They may consider bringing him back on a two-way deal depending upon how he performs in the G League.
Caleb Martin said after the Monday shootaround that he’s a game-time decision against the Clippers, Anthony Chiang of the Miami Herald tweets. He has missed the last two games with a quad strain.

Heat Notes: Herro, Martin, Adebayo, D. Smith, Garrett

October 14th, 2022 at 8:58am CST by Arthur Hill

The Heat unveiled their new-look starting lineup for the first time this preseason in Wednesday’s victory over the Pelicans, writes Anthony Chiang of The Miami Herald. Tyler Herro and Caleb Martin have joined Kyle Lowry, Jimmy Butler and Bam Adebayo in the first unit and they were impressive in their first outing, outscoring New Orleans 60-48 in the 20 minutes they were on the court together.

Herro, the reigning Sixth Man of the Year, has the starting job that he said he wanted after the end of last season. His future in Miami is secure after receiving a contract extension that could be worth $130MM over four years, and he’s ready to take on a slightly different role in the offense.

“Having Jimmy, Kyle, Bam out there with me allows me to play off the ball a little bit more,” Herro said. “It allows me to just be a spacer. If I’m open, they kick to me and I just knock it down or play out of a close-out. It’s hard to guard me when guys are closing out to me.”

Martin moved into the starting role that opened when P.J. Tucker left for Philadelphia in free agency. He’s undersized for the power forward position, but he’s athletic enough to be an asset on a team that switches frequently on defense.

“I think Caleb has been doing exceptionally well,” Butler said. “I’m talking about switching, making shots, being aggressive, being a great teammate. It’s tough to do what P.J. does, but I think Caleb does it extremely well.”

There’s more from Miami:

The Heat want Adebayo to assume a larger role in the offense, and his preseason numbers are pointing in that direction, Chiang tweets. Per 36 minutes, Adebayo averaged 31 points on 19.4 shots and 12.1 free throws in three games, compared to 21.1 points, 14.4 field goal attempts and 6.7 foul shots last season.
Signing Dru Smith to a two-way contract is likely the team’s last personnel move before the start of the season, according to Ira Winderman of The Sun-Sentinel. However, he notes that five players held two-way deals with Miami in 2021/22, so those spots could change as the season progresses.
The decision to waive Marcus Garrett was related to his fractured wrist, but his role with the team was already shaky because his offense hasn’t improved, Winderman adds. Once Garrett recovers, the Heat may consider sending him to the G League or bringing him back in a two-way role.

Dru Smith Earns Two-Way Contract With Heat

October 13th, 2022 at 2:54pm CST by Arthur Hill

OCTOBER 13: The Heat have officially waived Garrett, Mulder, Robinson, and Bouyea, while converting Smith’s Exhibit 10 contract to a two-way deal, the team announced today in a press release.

OCTOBER 12: The Heat will convert Dru Smith to a two-way contract, tweets Shams Charania of The Athletic.

Miami plans to waive Marcus Garrett, Mychal Mulder, Orlando Robinson and Jamaree Bouyea, according to Tim Reynolds of The Associated Press (Twitter link). Mulder, Robinson and Bouyea are expected to join the team’s G League affiliate in Sioux Falls after they clear waivers. Garrett, who suffered a fractured right wrist, will stay in Miami to rehab the injury.

A 24-year-old shooting guard, Smith signed with Miami last year after going undrafted out of Missouri. He spent the season in Sioux Falls and was part of the Heat’s Summer League team.

After signing an Exhibit 10 contract with the Heat this offseason, Smith won the competition for a two-way deal with a strong preseason, including a 15-point performance Monday against the Rockets. In four games, he averaged 8.8 points, 2.3 rebounds and 2.3 assists in 17.3 minute per night.

Miami filled its other two-way slot on Sunday by converting Jamal Cain‘s Exhibit 10 contract. The Heat currently have 13 players on their roster with fully guaranteed contracts, plus Haywood Highsmith, who has a partially guaranteed deal.

Marcus Garrett To Miss At Least Four Weeks With Wrist Fracture

October 11th, 2022 at 12:22pm CST by Arthur Hill

Heat guard Marcus Garrett has a fractured right wrist, tweets Anthony Chiang of The Miami Herald. The team announced that Garrett is wearing a cast and his condition will be reevaluated in four weeks.

A wrist injury derailed Garrett’s rookie season and forced him to have surgery in January. He was released from his two-way contract following the injury, but he signed a new two-way deal this summer.

Coach Erik Spoelstra refused to speculate on whether Garrett could lose his roster spot again after the latest injury, calling it a “business decision,” tweets Ira Winderman of The Sun-Sentinel.

If Garrett is released, Miami has several candidates for the two-way opening, including Haywood Highsmith, who is with the Heat on a partially guaranteed contract, and Mychal Mulder, who signed with the team over the weekend. The other two-way slot is held by Jamal Cain, whose Exhibit 10 contract was converted on Sunday.

Garrett, 23, appeared in all four Heat games during the preseason, averaging 3.3 PPG in 18.4 minutes per night. He got into 12 games with Miami last season before the injury.

Heat Sign Garrett, Days To Two-Way Deals; Waive Smart, Mulder

July 16th, 2022 at 12:36pm CST by JD Shaw

The Heat have signed Marcus Garrett and Darius Days to two-way contracts, the team announced in a press release. Miami had to waive Javonte Smart and Mychal Mulder to create space for Garrett and Days, who signed ahead of the club’s final summer league game.

Garrett, a defensive-minded guard, has impressed the Heat with his effort and athleticism. Miami signed him to a two-way contract after last year’s summer league, then waived the 23-year-old in January.

Days, 22, went undrafted this year after spending four seasons at LSU. He averaged 13.7 points and 7.8 rebounds per game in his senior year. At 6’7″ and 245 pounds, he possesses the size to play and defend multiple positions for Miami.

Days had been playing summer league with the Spurs, and a report last month indicated that he had reached an agreement to sign San Antonio. Either their deal was only for summer league, or Days decided to take a two-way offer from Miami over an Exhibit 10 contract from the Spurs.

Smart struggled during the California Classic and Las Vegas Summer League, but he is only 23 years old. Mulder, 28, is a proven three-point specialist who shot 40% from deep with the Warriors in 2020/21.

The Heat remain in the hunt for Nets superstar Kevin Durant and Jazz star Donovan Mitchell, both of whom would require Miami to part with several young assets. The team appears eager to examine two young players as the possibility of a blockbuster deal looms.

Southeast Notes: Smart, Mulder, Herro, Banchero, Wizards

July 12th, 2022 at 12:00pm CST by Arthur Hill

Heat guards Javonte Smart and Mychal Mulder are working to expand their games in Summer League as they try to hang on to their two-way contracts, writes Anthony Chiang of The Miami Herald. Smart, a natural scorer who averaged 21.1 PPG in G League competition last season, is focused on becoming a better play-maker. Mulder is a three-point specialist who is attempting to become more well-rounded.

“You’re always looking at how guys may develop into something,” Summer League head coach Malik Allen said. “But you got to be able to do the little things because in order to play with Bam [Adebayo], Jimmy [Butler] and Kyle [Lowry], you got to be able to contribute in those ways. And those guys are going to hold your feet to the fire if you do get that opportunity. If the opportunity does come in December or January.

Marcus Garrett, who held a two-way contract with Miami before undergoing wrist surgery in January, is among the threats to Smart and Mulder. Garrett returned to action over the weekend, playing for the first time in more than six months. Chiang mentions rookie center Orlando Robinson as another two-way candidate.

There’s more from the Southeast Division:

Tyler Herro isn’t bothered by Heat president Pat Riley‘s stance that he needs to earn his way into the starting lineup, per Ira Winderman of The Sun Sentinel. Riley’s comments came in response to Herro saying he wants to be a starter after winning Sixth Man of the Year honors. “He continues to give me advice,” Herro said when asked about Riley. “Every time I talk to him, he always gives me a new book to read.”
After two strong showings, Magic forward Paolo Banchero will be shut down for the rest of Summer League, according to ESPN. The No. 1 pick averaged 20.0 points, 6.0 rebounds and 5.0 assists, leading Orlando to a pair of victories. In an interview with ESPN (video link), Banchero said his goal for his rookie season is to “affect the Magic in a winning way.”
David Aldridge of The Athletic examines the Wizards‘ chances of building a contending team around Bradley Beal now that he has a five-year max contract.

Heat Notes: Garrett, Mulder, Yurtseven, Jovic

July 10th, 2022 at 9:52am CST by Arthur Hill

Saturday’s Summer League contest marked the first game in more than six months for Heat guard Marcus Garrett, who underwent season-ending wrist surgery in January, writes Anthony Chiang of The Miami Herald. Garrett recently received medical clearance to start playing again and didn’t take part in any of Miami’s games in the California Classic.

Garrett earned a two-way contract last summer and appeared in 12 games before the injury. He’s an effective defender with a 6’10” wingspan, but Chiang says he’ll have to prove he can contribute enough on offense to earn another chance with the Heat.

“It was great to see him back there,” Summer League coach Malik Allen said. “When he gets between those lines, he’s a tough competitor and obviously he lifted us up. It was just great to have him back.”

There’s more on the Heat:

After struggling with his three-point shot in California, Mychal Mulder bounced back with a 5-of-8 performance in his first game in Las Vegas. Mulder currently holds one of Miami’s two-way slots, but Chang notes that he’ll have to show he can be a reliable outside shooter to remain on the roster. “He was due,” Allen said. “But the big thing with Mike was, he really did make a lot of great plays. That’s what I just kind of kept stressing to him. I know he wanted some shots to fall, but he’s made some really great plays for us.”
The Heat aren’t sure if Omer Yurtseven will see any Summer League action because of a quad injury he suffered with the Turkish national team, Chiang adds in a separate story. Yurtseven, who’s entering the final season of his two-year contract, flew to Las Vegas after helping Turkey win a World Cup qualifier last Sunday. “I do want to play. That’s the reason I’m here,” he said. “I’m just here to pretty much get better and I think playing is the best way to do it.”
Miami is still experimenting with the best Summer League role for first-round pick Nikola Jovic, per Ira Winderman of The Sun Sentinel.