Memphis Grizzlies Rumors | Hoops Rumors

Grizzlies Sign Desmond Bane To Rookie Contract

November 25th, 2020 at 9:29am CST by Luke Adams

The final pick in the first round of the 2020 draft has signed his rookie scale contract, as the Grizzlies issued a press release today confirming they’ve locked up No. 30 selection Desmond Bane.

Bane, who tested the draft waters as a junior in 2019, returned to TCU for his senior year and had a strong season. He averaged 16.6 PPG, 6.3 RPG, and 3.9 APG on .452/.442/.789 shooting in 32 games (36.0 MPG) for the Horned Frogs.

The Grizzlies acquired Bane’s rights from the Celtics in a three-team trade that saw them surrender a pair of future second-round picks and cash while taking on Mario Hezonja‘s contract.

Assuming he receives his maximum allowable contract (120% of the rookie scale), Bane will have a first-year salary of $1.94MM and projects to earn nearly $10MM over the life of his four-year rookie deal.

Ten of 30 first-round picks have now officially signed their first NBA deals, as our tracker shows.

Western Contract Details: Grizzlies, KCP, Hood, Thunder

November 24th, 2020 at 5:21pm CST by Luke Adams

John Konchar‘s new deal with the Grizzlies, which will use part of the team’s mid-level exception, is guaranteed for the first two seasons, according to Keith Smith of Yahoo Sports (Twitter link). In 2022/23, only $840K of Konchar’s full $2.3MM salary is guaranteed, and his $2.4MM salary for ’23/24 is non-guaranteed, Smith adds.

Konchar was one of a handful of Grizzlies who signed a multiyear contract that isn’t fully guaranteed on the back end. As Smith explains (via Twitter), De’Anthony Melton‘s four-year contract, which has a descending structure, only has a partial guaranteed of $1.5MM on his $8MM salary for 2023/24.

Meanwhile, Jontay Porter, who got a three-year deal, has a partial guarantee of $300K on his $1.95MM salary for 2021/22, then has a non-guaranteed $2MM salary in ’22/23, per Smith (Twitter link). Porter’s contract also came out of Memphis’ MLE.

Here are a few more contract details from around the Western Conference, all courtesy of Smith:

Kentavious Caldwell-Pope‘s new three-year deal with the Lakers is worth about $39.12MM in total and features exactly $30MM in guaranteed money. Only $4.89MM of $14MM is guaranteed in year three (Twitter link).
Rodney Hood, who re-signed with the Trail Blazers, will earn $10.05MM in 2020/21 and then will have to be retained through June 23, 2021 in order to have his second-year salary of $10.85MM guaranteed (Twitter link).
As expected, the three players who were signed-and-traded from the Pelicans to the Thunder for salary-matching purposes in the Steven Adams trade received three-year contracts with only the first year guaranteed. Zylan Cheatham ($1,445,697) and Josh Gray ($1,620,564) will make the minimum, while Kenrich Williams gets $2MM (Twitter links).

Grizzlies Sign Jontay Porter To Three-Year Deal

November 22nd, 2020 at 12:30pm CST by Luke Adams

6:11pm: The deal is official, according a Grizzlies press release.

12:30pm: The Grizzlies and restricted free agent forward Jontay Porter have agreed to terms on a new three-year, $6MM deal, his agents at Priority Sports tell Adrian Wojnarowski of ESPN (Twitter link).

Porter, who went undrafted in 2019 out of Missouri after tearing his ACL for a second time, was once considered a top prospect but has yet to play in an NBA game due to those knee injuries. Still, the Grizzlies seem to believe in his upside, having signed him to a contract before the end of the 2019/20 season in anticipation of him being ready for training camp later in the year.

Although the Grizzlies turned down Porter’s team option earlier in the week, they made him a restricted free agent and had Non-Bird rights on him, allowing for a deal that exceeds two years without using the mid-level, ESPN’s Bobby Marks notes (via Twitter). It appears it’ll also be worth a little more than the minimum.

Grizzlies Sign John Konchar To Four-Year Deal

November 21st, 2020 at 1:48pm CST by JD Shaw

NOVEMBER 22: The Grizzlies have made their deal with Konchar official, announcing it in a press release.

NOVEMBER 21: The Grizzlies are signing swingman John Konchar to a four-year, $9MM deal, agent Happy Walters told Shams Charania of The Athletic (Twitter link).

Konchar, 24, was on a two-way contract with the team last season, averaging 2.8 points and 2.5 rebounds in his 19 games. He spent most of his time with the team’s G League affiliate, holding per-game averages of 12.2 points, 8.3 rebounds and 29.1 minutes. He received a qualifying offer from the Grizzlies earlier this week that made him a restricted free agent.

In addition to Konchar, Memphis also agreed to a new four-year contract with De’Anthony Melton on Saturday, plus two-way deals with Killian Tillie and Sean McDermott earlier in the week. The team lost forward Josh Jackson to Detroit when free agency began Friday night.

Konchar went undrafted in 2019, signing a two-way contract with the Grizzlies shortly thereafter. He spent four seasons at Purdue University Fort Wayne from 2016-19.

Grizzlies Re-Sign De’Anthony Melton To Four-Year Deal

November 21st, 2020 at 10:53am CST by Luke Adams

NOVEMBER 22: The Grizzlies have officially announced their new deal with Melton, confirming the move in a press release.

NOVEMBER 21: The Grizzlies have agreed to re-sign free agent guard De’Anthony Melton to a four-year contract, according to Shams Charania of The Athletic, who reports (via Twitter) that the deal will be worth $35MM. Melton had been a restricted free agent.

The 22-year-old’s modest box-score numbers – 7.6 PPG, 3.7 RPG, and 2.9 APG – understated his impact in Memphis during the 2019/20 season. He was perhaps the Grizzlies’ best perimeter defender and the team had a +5.1 net rating when he played, compared to a -4.0 mark when he was on the bench.

The 46th overall pick in the 2020 draft, Melton earned the minimum salary for the first two years of his NBA career, but will now have a 2020/21 salary comparable to that of Deandre Ayton and Marvin Bagley, the top picks in his draft class, notes Charania (via Twitter). Charania says Melton will earn $9.6MM in year one, suggesting the deal has a declining structure.

The Grizzlies held Early Bird rights on Melton and will be able to re-sign him using those rights, so the deal won’t affect the team’s mid-level exception, which remains available. Melton, meanwhile, will join Ja Morant, Brandon Clarke, and Dillon Brooks as the only Grizzlies players under contract beyond 2022.

Melton had been the 20th overall player on our list of 2020’s top 50 free agents.

Photo courtesy of USA Today Sports Images.

Western Rumors: Howard, Lakers, Carmelo, Cousins, Kanter, More

November 21st, 2020 at 1:58am CST by Luke Adams

Before he agreed to a deal with the Sixers on Friday night, Dwight Howard posted a message on his Twitter account indicating that he would be re-signing with the Lakers.

“I’m staying right where I belong,” Howard wrote. “Laker nation I love y’all. Purple and gold never gets old.”

A few minutes later, the tweet had been deleted, and a little later in the evening, Howard was set to join the 76ers. So what happened?

According to Chris Haynes of Yahoo Sports, sources within the Lakers’ organization are adamant that they never put a formal offer on the table for Howard and that they discussed a “deal concept.” Howard, on the other hand, believe that if he agreed to the “deal concept,” the two sides had a deal.

As Haynes writes, Lakers management told Howard’s agent they had to consult with team ownership and get approval before making an official offer. The veteran center waited for almost an hour without hearing back, sources tell Haynes. Ultimately, the communication breakdown resulted in Howard preparing to head east for the 2020/21 season.

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

The Trail Blazers haven’t ruled out the possibility of re-signing Carmelo Anthony, even after lining up deals to acquire Robert Covington and Derrick Jones, tweets David Aldridge of The Athletic.
The Rockets touched base with DeMarcus Cousins‘ camp today, a source told Kelly Iko of The Athletic (Twitter link). Iko’s report came before the team reached a deal with Christian Wood, so it’s not clear whether or not signing Cousins remains an option for Houston.
Now that the Lakers aren’t an option for Tristan Thompson, the Clippers could emerge as a real possibility, according to Chris Fedor of Cleveland.com, who notes (via Twitter) that it’d be a chance for Thompson to reunite with Tyronn Lue.
The Lakers and Kentavious Caldwell-Pope remain interested in getting a deal done, but will have to reach a compromise on salary, tweets Brad Turner of The Los Angeles Times. Caldwell-Pope is seeking a raise, while the Lakers won’t have a ton of wiggle room below their hard cap.
The Celtics gave Enes Kanter a choice of being traded to either the Grizzlies or Trail Blazers in the deal that was completed earlier today, and Kanter chose Portland, a source tells Jared Weiss of The Athletic (Twitter link).
Count the Timberwolves among the teams with interest in free agent big man Paul Millsap, according to Darren Wolfson of 5 Eyewitness News (Twitter link).

Trail Blazers Acquire Enes Kanter From Celtics

November 20th, 2020 at 10:21pm CST by Luke Adams

10:21pm: The trade is now official, according to press release from the Celtics and Grizzlies.

The deal will send Kanter to Portland, Hezonja and the rights to Bane to Memphis, and two future second-round picks to Boston. The Grizzlies will also send cash to Portland in the move.

One of the two second-rounders headed from Memphis to Boston is the Grizzlies’ own 2025 pick. The other will be the more favorable of the following:

Houston’s 2023 second-rounder.
The less favorable of Memphis’ and Dallas’ 2023 second-rounders.

2:46pm: The Trail Blazers are reuniting with veteran center Enes Kanter, having reached a deal to acquire him from the Celtics, reports Adrian Wojnarowski of ESPN (Twitter link).

As Wojnarowski explains, the deal will be folded into the draft-night agreement between the Celtics and Grizzlies that saw Memphis land the No. 30 pick and select TCU’s Desmond Bane. The Grizzlies will receive Mario Hezonja from Portland in the swap, while the Celtics will get a future draft consideration from Memphis.

[RELATED: 2020 NBA Offseason Trades]

Kanter, 28, enjoyed a brief, productive stint in Portland to finish the 2018/19 season, averaging 11.4 PPG and 9.7 RPG in 16 playoff games that year as the team made it to the Western Conference Finals. The two sides were unable to come to an agreement in free agency a year ago, resulting in Kanter signing with the Celtics. A year later, he’s back with the Blazers.

The move will give Portland a veteran backup for starting center Jusuf Nurkic and is probably a strong signal that free agent big man Hassan Whiteside isn’t coming back.

The Celtics, meanwhile, having already traded away Vincent Poirier this week, have created a little extra cap and roster flexibility in advance of free agency, though they’ll need to add a frontcourt player or two to make up for losing a pair of centers.

Hezonja and Kanter both exercised player options for 2020/21 earlier this week, so they’re on expiring contracts. Hezonja will earn $1.98MM, while Kanter will make just over $5MM. The Grizzlies will take on Hezonja using one of their trade exceptions and Portland will do the same for Kanter.

Photo courtesy of USA Today Sports Images.

Pistons Sign Josh Jackson

November 20th, 2020 at 7:35pm CST by Dana Gauruder

DECEMBER 1: Jackson’s contract with the Pistons is now official, the team announced in a press release.

NOVEMBER 20: The Pistons, who have been quite busy in the first few hours of free agency, are finalizing a deal with Grizzlies small forward Josh Jackson, Adrian Wojnarowski of ESPN tweets. It’s a two-year deal, according to the Detroit News’ Rod Beard (Twitter link).

Detroit also reportedly reached agreements on Friday with big men Mason Plumlee and Jahlil Okafor.

Jackson, a 2017 lottery pick of the Suns, has had a rocky NBA career. He had a number of off-court issues in his first two NBA seasons and Phoenix traded him to the Grizzlies last offseason. In an attempt to revive his career and value, Jackson agreed to spend a good portion of last season in the G League.

As the season progressed, Jackson returned to Memphis and appeared in 22 games as a reserve. He averaged 9.0 PPG, 3.0 RPG and 1.6 APG in 17.3 MPG. Jackson has made just 29.8% of his 3-point attempts during his three-year career.

Jackson, 23, grew up in Michigan and played two high school seasons in Detroit before moving to California for his last two prep years. He’ll compete for minutes against last year’s lottery pick, Sekou Doumbouya as well as Svi Mykhailiuk and rookie Saddiq Bey.

Jontay Porter Becomes RFA For Grizzlies

November 19th, 2020 at 8:10pm CST by Alex Kirschenbaum

In a bit of convoluted maneuvering, the Grizzlies opted to decline their $1,517,981 team option for big man Jontay Porter ahead of the 2020/21 season. After this, Memphis extended a qualifying offer to Porter, making him a restricted free agent, according to Keith Smith of Yahoo Sports (Twitter link).

The younger brother of Nuggets forward Michael Porter Jr., Jontay went undrafted out of Missouri in the 2019 NBA draft, but was signed by the Grizzlies on March 8, 2020, days before the league was paused due to the coronavirus pandemic. The younger Porter has yet to play in an NBA game, making the 21-year-old a technical incoming rookie.

During his lone healthy season in Missouri circa 2017/18, Jontay Porter averaged 9.9 PPG, 6.8 RPG, 2.2 APG, 1.7 BPG, and 0.8 BPG across 33 games. He was named the SEC Co-Sixth Man of the Year during that freshman run.

Porter has been hampered by significant knee injuries already during his young career. The 6’11” big man tore his ACL and MCL in a scrimmage ahead of his sophomore season for the Tigers in October 2018. Porter then tore his ACL in the same knee a second time in March, 2019.

Chris Herrington of the Daily Memphian tweets that it is in the Grizzlies’ best interest to decline their one-year team option on Porter. Herrington explains that making this move will give the club more avenues to sign Porter to a longer-term deal should Memphis want to retain him.

Warriors Notes: Wiseman, Mannion, Anderson, Jessup

November 19th, 2020 at 10:42am CST by Arthur Hill

Warriors general manager Bob Myers said he already had approval from management to use the team’s $17MM trade exception before Klay Thompson‘s injury yesterday, tweets Marc J. Speers of The Undefeated. Myers was hoping to add wing depth even before the news about Thompson broke. Thompson will have an MRI today to determine the severity of his Achilles injury.

Myers told reporters that Thompson’s injury didn’t affect the team’s plan to draft former Memphis center James Wiseman with the No. 2 pick, according to a story on Warriors.com.

“We had him No. 1 on our board when all the dust settled,” Myers said of Wiseman. “Certainly the Klay thing made you think for a second, but it was just a short amount of time and we decided we’re staying the course of what we always felt, but you have to take pause and think about things for a second. … We got the guy we wanted and excited like I said to get going and get him in our practice facility and get to work.”

There’s more Warriors news this morning:

In the same story, Myers admits being surprised that Arizona guard Nico Mannion was still available with the No. 48 pick. Executives around the league were shocked to see Mannion fall so far, adds Jonathan Givony of Draft Express (Twitter link). “(Stephen Curry) said we had to draft guys that went to his Under Armour camp, so we had to take Wiseman and Nico to keep our point guard happy,” Myers joked. “It is funny, though. Those guys both did go. He remembers them. I think it might have been in Walnut Creek. But I think he knows, it’s funny, he got to know James and got to know Nico, I don’t know if it was last year or the year before, but I was surprised. We had him higher than 48 for sure.”
Grizzlies forward Kyle Anderson may be an option to provide wing depth for the Warriors using their traded player exception, tweets Jabari Young of CNBC. A six-year veteran, Anderson spent the past two seasons in Memphis.
Justinian Jessup, Golden State’s selection with the 51st pick last night, will be a draft-and-stash player, according to Anthony Slater of The Athletic (Twitter link). Jessup is already playing for the Illawarra Hawks in Australia.