Memphis Grizzlies Rumors | Hoops Rumors

Contract Details: Kennard, Fernando, Graham, Allen

August 5th, 2024 at 2:14pm CST by Luke Adams

Luke Kennard‘s new one-year contract with the Grizzlies, originally reported to be worth $11MM, actually has a base salary of just $9.25MM, Hoops Rumors has learned. Kennard can also earn an additional $1,387,500 in unlikely incentives, so his deal can max out at $10,637,500.

That disparity between the reported terms and the actual terms is important, given Memphis’ proximity to the luxury tax line. An $11MM cap hit would have put the Grizzlies over the luxury tax line by about $1MM, but because Kennard counts for just $9.25MM against the cap, the team’s salary is hovering right around $170MM, a little below the tax line ($170,814,000).

Kennard, Desmond Bane, and Brandon Clarke have unlikely contract incentives that could make Memphis a taxpayer if they’re earned. Given how close they are to the luxury tax line, I’d expect the Grizzlies to keep a close eye on each player’s progress toward his respective bonuses and make a minor cost-cutting move by February’s trade deadline if necessary — finishing the season just slightly above that tax threshold would cost the team a significant end-of-season payout that’s only available to non-taxpayers.

Here are more details on some recently signed contracts from around the NBA:

Bruno Fernando signed a one-year, minimum-salary deal with the Raptors. It’s non-guaranteed for the time being, but Fernando’s full $2,425,403 salary (and $2,087,519 cap hit) would become guaranteed if he remains under contract beyond the first day of the regular season, Hoops Rumors has learned.
Devonte’ Graham‘s one-year, non-guaranteed training camp contract with the Trail Blazers includes Exhibit 9 language, but not Exhibit 10 language, Hoops Rumors has learned. That suggests Graham probably isn’t planning to join the Rip City Remix (Portland’s G League team) as an affiliate player if he’s waived by the Blazers this fall.
Jarrett Allen‘s three-year, $90.72MM extension with the Cavaliers is a straightforward, fully guaranteed contract with no options on the final year and no trade kicker, Hoops Rumors has confirmed.

Grizzlies Sign Luke Kennard To One-Year Deal

July 31st, 2024 at 9:10pm CST by Luke Adams

9:10pm: The signing is official, the team announced in a press release (Twitter link).

11:54am: Free agent sharpshooter Luke Kennard is returning to the Grizzlies, according to Adrian Wojnarowski of ESPN, who hears from sources that the two sides have reached an agreement on a one-year, $11MM deal.

The Grizzlies turned down Kennard’s $14.8MM team option for the 2024/25 season on June 29, making him an unrestricted free agent, but the expectation was always that he’d agree to a more team-friendly deal to remain in Memphis.

Reporting at the time his option was declined indicated that Kennard and the team were “eager” to discuss a new contract, and the 28-year-old was never linked to any other suitors during the month he spent on the open market.

Kennard was limited to just 39 games (22 starts) this past season for health reasons, including a left knee bone bruise, but was effective when he was available, with averages of 11.0 points, 3.5 assists, and 2.9 rebounds in 25.6 minutes per game.

One of the NBA’s best three-point shooters, the 6’5″ wing has made at least 44.6% of his attempts from beyond the arc in each of the past four seasons, including 45.0% in 2023/24.

Kennard was the No. 29 player on our list of this summer’s top 50 free agents. He was the only unrestricted free agent in the top 40 who remained unsigned.

Prior to officially re-signing Kennard, the Grizzlies are carrying 13 players on standard contracts, with a team salary of approximately $160.75MM. Assuming the $11MM salary reported by Wojnarowski is accurate, Kennard’s new deal would push team salary above the luxury tax line by about $1MM. That figure would increase if Memphis wants to add a 15th man or decides to waive Mamadi Diakite (whose salary is partially guaranteed) to replace him with another minimum-salary player.

Still, as Keith Smith of Spotrac tweets, that surplus is small enough that it likely wouldn’t be too difficult for the Grizzlies to duck out of luxury tax territory at some point later in the season. A team’s tax bill isn’t calculated until the end of the season.

Could New TV Deal Impact Jackson Extension?

July 31st, 2024 at 8:51pm CST by Dana Gauruder

Could the NBA’s new broadcasting deals, which will lead to significant salary cap growth, facilitate the Grizzlies’ efforts to retain Jaren Jackson Jr. in the long-term? Jackson is extension-eligible next offseason when the new TV deal kicks in, Damichael Cole of the Memphis Commercial Appeal notes. The 2023 Defensive Player of the Year could become eligible for a five-year, $318MM super-max extension if he’s named Defensive Player of the Year once again or earns an All-NBA spot in 2025. Of course, Memphis wouldn’t be obligated to put a full super-max offer on the table for Jackson if he meets the performance criteria.

Execs, Scouts Share Feedback, Predictions For 2024 Draft Class

July 31st, 2024 at 2:52pm CST by Luke Adams

Of the 20 NBA executives and scouts polled by Jonathan Givony and Jeremy Woo of ESPN.com (Insider link), 15 predicted that Hawks forward Zaccharie Risacher, the No. 1 pick in this year’s draft, will have a more successful NBA career than No. 2 pick Alex Sarr of the Wizards.

However, only one of those 20 respondents predicted that Risacher will end up being the best pick of the 2024 draft. Seven voters chose No. 3 pick Reed Sheppard for that honor, per Givony and Woo.

“Sheppard is going to help Houston right away, and I think he has a chance to be an All-Star down the road,” one high-level Eastern Conference executive told ESPN.

Trail Blazers center Donovan Clingan, who went seventh overall, was the second-leading vote-getter for the best pick of the draft, earning three votes.

“I thought [Clingan] was a steal on draft night at 7, but the things he did defensively in summer league were unreal with the impact he made,” one respondent said. “Now they have him shooting trail and pick-and-pop threes. If he starts making those consistently, that’s a game-changer with the way he can pass and protect the rim.”

Here are a few more of the most notable answers from the poll conducted by ESPN’s draft experts:

Pistons forward Ron Holland (No. 5 overall) and Bucks guard AJ Johnson (No. 23) each earned four votes for the biggest reach of the draft. “I feel bad for Cade Cunningham,” one source told ESPN. “They’ve been rebuilding for years even though they never planned on it, and this pick signals they might need to blow up the roster and start over again. I just don’t see how [Holland] plays with Ausar Thompson, Jaden Ivey and all their other young guys. That situation is a mess. Even when Holland was scoring in Vegas, it was so ugly to watch.”
Five of the 20 respondents picked Wizards guard Carlton Carrington (No. 14 overall) as the player who will become the biggest steal of this year’s draft, with one Western Conference executive comparing him to Tyrese Maxey.
Sheppard (seven votes), Grizzlies center Zach Edey (four), Spurs guard Stephon Castle (three), and Clingan (two) were the only players who were chosen by multiple respondents as their Rookie of the Year pick.
Feedback on this year’s two-day draft format was generally positive, according to Givony and Woo, with executives expressing appreciation for the break in between the two rounds that allowed them to do additional research ahead of day two. However, one GM criticized the decision to invite so many prospects to the green room, since it resulted in multiple players leaving Barclays Center after day one without being selected.
Here’s how one of ESPN’s 20 respondents evaluated the two-day format: “Some of the people in our front office didn’t like how much this second day helps the disorganized teams who typically wing it and can be taken advantage of from a strategy standpoint. But the pros far outweigh the cons when it comes to better drafting and decision-making. There were a ton of trades and I think next year you’ll see some real creativity now that we have a better idea for how the evening looks.”

Yuki Kawamura Has Exhibit 10 Agreement With Grizzlies

July 30th, 2024 at 6:55pm CST by Dana Gauruder

Guard Yuki Kawamura, a member of Japan’s National Team, has agreed to an Exhibit 10 contract with the Grizzlies.

Kawamura’s agreement was announced in a press release by the Yokohama B-Corsairs, his current team.

Kawamura is scheduled to sign the NBA contract with the Grizzlies in September. He’ll continue to play for the Japanese team until he signs the contract. He averaged 20.9 points and 8.0 assists per game for the Yokohama B-Corsairs last season.

Kawamura, 23, had a stellar game in the Paris Olympics on Tuesday, posting 29 points, six rebounds and six assists in Japan’s near-upset of France. The 5’8” Kawamura was whistled for a controversial foul call which led to Matthew Strazel‘s four-point play in the closing seconds of regulation. France won in overtime, 94-90.

Exhibit 10 deals, which are non-guaranteed, can be converted to two-way contracts. They can also ensure a player receives a bonus worth up to $77.5K if he’s waived before the regular season begins and then spends at least 60 days with his club’s G League affiliate.

Tyus Jones Signs With Suns

July 29th, 2024 at 10:14am CST by Luke Adams

JULY 29: Jones’ deal with the Suns is official, according to NBA.com’s transaction log.

JULY 27: Free agent point guard Tyus Jones has agreed to sign with the Suns, agent Kevin Bradbury tells Adrian Wojnarowski of ESPN. According to Wojnarowski, Jones will sign a one-year, minimum-salary contract.

Jones confirmed his decision in a statement to ESPN, as Wojnarowski relays (via Twitter).

“The chance to play for the Phoenix Suns made the most sense on a lot of levels to me and my family – beginning with the way (Suns owner) Mat Ishbia and the front office recruited me to how coach (Mike Budenholzer) showed me how I can significantly impact a team that has a real opportunity to challenge for an NBA title as their starting point guard,” Jones said.

“My agent (Bradbury) walked me and my family through multiple free agent offers and sign-and-trade proposals at a number of different financial levels but the Suns’ opportunity is where I can best maximize my value for a return to free agency next year as well as give myself a chance to be part of what I think will be a special team and season.”

A nine-year veteran, Jones was long considered one of the NBA’s top backup point guards while playing in Minnesota and Memphis. He got the chance with the Wizards in 2023/24 to become a full-time starter and made good on that opportunity by establishing new career highs in field goal percentage (48.9%), three-point percentage (41.4%), points per game (12.0), and assists per game (7.3) while continuing to take excellent care of the ball (he has never averaged more than 1.0 turnover per game).

We ranked Jones 15th overall on our list of top 50 free agents entering the offseason, but it quickly became clear that there wouldn’t be an opportunity for him to be the starting point guard on a contending team while earning a salary in the neighborhood of the $14MM he made last year in D.C.

Jones’ statement to Wojnarowski, which mentions that he expects to start in Phoenix, suggests that he’ll at least meet two of those three criteria. While he’s accepting a major pay cut, he’s in position to play a significant role on a team that has championship aspirations.

The Suns’ three stars – Kevin Durant, Devin Booker, and Bradley Beal – are all relatively ball-dominant, but none of them are true point guards, so the team entered the offseason seeking a veteran who could organize the offense. Prior to signing Jones, Phoenix – which could only offer minimum-salary contracts while operating above the second tax apron – also added point guard Monte Morris on a one-year deal.

Jones will earn $3,003,427 on his minimum-salary contract, while the Suns will carry a cap hit of $2,087,519. John Gambadoro of Arizona Sports 98.7, who confirmed earlier today that the Suns were eyeing Jones, tweets that the 28-year-old chose Phoenix over the Hawks and Grizzlies.

The expectation is that, after trading David Roddy for E.J. Liddell, the Suns will waive Liddell in order to create room on the projected 15-man roster for Jones. As Bobby Marks of ESPN points out (via Twitter), Phoenix is saving about $727K in the Roddy/Liddell swap and would remove another $1.41MM from its cap if Liddell is waived using the stretch provision.

Those two moves would essentially cancel out the impact of Jones’ deal on the Suns’ 2024/25 cap, providing crucial savings for a team whose salary is so far over the luxury tax line.

Western Notes: Morant, Clark, Stackhouse, Suns

July 28th, 2024 at 5:38pm CST by Tristan Tucker

Grizzlies star guard Ja Morant only made nine appearances last season after missing the first 25 games of the year due to a suspension and then his final 48 with a shoulder injury. Speaking to reporters on Thursday (Twitter link via WPSD’s Logan Whaley), Morant asserted he was about 75% healthy ahead of next season and sent a warning to the rest of the league.

“I feel like that’s still scary for whoever’s in front of me,” Morant said.

Memphis suffered a litany of injuries last season, with 33 players seeing playing time for the organization after various hardship signings. Morant, Desmond Bane and Marcus Smart played just 71 combined games and only two Grizzlies players appeared in 60 or more games.

If Morant comes back healthy, the Grizzlies will almost certainly factor into the Western playoff picture. The team won 50 or more games in the two seasons prior to 2023/24 and while last season was disappointing, the openings created by the injuries allowed young players like Vince Williams and GG Jackson to emerge as rotation options.

We have more from around the Western Conference:

Timberwolves two-way guard Jaylen Clark missed all of last season with an Achilles injury, but the UCLA product was all smiles even amid a tougher-than-expected first summer league with the team, Jon Krawczynski of The Athletic writes. The 53rd overall pick in the 2023 draft, Clark might not see much playing time on a contending Wolves roster, but he’s happy to simply be back on the court. He earned praises from his coaching staff in Las Vegas. “What I like about him is he picks up early and he’s very strong,” Wolves assistant and summer league head coach Chris Hines said. “He stands up guys. For him, it’s just finding how to drive and kick and get back to respace, set his feet and shoot the ball.“
Jerry Stackhouse was expecting to sit out a year from coaching after exiting from Vanderbilt, but the Warriors called him and he impressed Steve Kerr, The Athletic’s Anthony Slater details. “I don’t think the timing could’ve been more perfect for me,” Stackhouse said of joining the team as an assistant. The Warriors are reportedly excited to be bringing in a former player and plan on having Stackhouse run the team’s defensive schemes.
The Suns‘ ’23/24 season went far from expected, as the team bowed out in the first round of the playoffs following the formation of a “big three” consisting of Devin Booker, Kevin Durant and Bradley Beal. In a subscriber-only story, Duane Rankin of the Arizona Republic breaks down his predictions and projections for next season. The Suns improved by adding Tyus Jones and generally did well in addressing their depth but as Rankin observes, it will be difficult to climb the standings if the likes of Minnesota, Oklahoma City and Dallas continue on their current trajectories along with mainstays like Denver.

Olympic Notes: Team USA, Exum, Aldama, Theis, France

July 27th, 2024 at 2:02pm CST by Luke Adams

Team USA big men Joel Embiid and Anthony Davis have both missed practice time ahead of the club’s pool-play opener vs. Serbia on Sunday due to illnesses, while Kevin Durant was unable to suit up in any of the pre-Olympic exhibition games as a result of a calf strain. However, as Brian Windhorst of ESPN writes, head coach Steve Kerr expressed optimism on Saturday that none of his 12 players will be unavailable vs. Serbia.

“I’m confident we’ll have everybody ready (Sunday),” Kerr said.

The U.S. squad beat Serbia by 26 points earlier this month in Abu Dhabi, holding star center Nikola Jokic to 6-of-19 shooting in that game. But the Serbians were resting some key players, including Bogdan Bogdanovic. Team USA is prepared for a more competitive game on Sunday.

“Jokic, with what he’s able to do, obviously we know what he does at NBA, but maybe a little bit higher usage in the international game,” Davis said. “It’s going to be fun.”

Here are a few more notes on the Olympic tournament, which tipped off on Saturday:

NBA veterans like Josh Giddey and Jock Landale led Australia to a win over Spain on Saturday in the first Group A game, as Aris Barkas of Eurohoops details. However, the Boomers were missing one notable NBAer, as Dante Exum was unavailable due to a compound dislocation of his finger. While at least one report has suggested Exum will miss multiple games, he hasn’t technically been ruled out for Tuesday’s contest vs. Canada yet and is working to return as soon as possible. “The biggest thing at the moment is trying to just let the wound heal because it was a compound dislocation,” he said (Twitter link via Donatas Urbonas of BasketNews.com). “So just making sure everything [is right], but I’ll put a ball in my hand tomorrow and see how it feels and go from there.”
Although Spain couldn’t pick up a win on Saturday, Grizzlies forward Santi Aldama was impressive in defeat, racking up 27 points and six three-pointers. As Damichael Cole of The Memphis Commercial Appeal writes, those six threes represented a Spanish Olympic record.
Pelicans center Daniel Theis helped lead Germany to a win over Japan on Saturday with 18 points on 7-of-7 shooting. He suggested after the game that last year’s World Cup title puts a spotlight on the Germans in this year’s event. “I think we kind of got a target on our back. Everybody wanted to be the world champion,” Theis said, per Barkas of Eurohoops. “One of our biggest strengths is we never underestimate any opponent. We did not do it last year. We have not done it this year. Whoever we played, we never took anybody lightly. So we take everybody seriously, and that is a big strength for us.”
The top two picks in this year’s NBA draft are French, but neither Zaccharie Risacher nor Alex Sarr is representing France at this year’s Olympics. Marc J. Spears of Andscape takes a closer look at why the youngsters aren’t in Paris with the French national team this year and why they’re likely to be factors at the 2028 Olympics. France won its opener on Saturday over Brazil, with Victor Wembanyama and Nicolas Batum each scoring a game-high 19 points.

And-Ones: Risacher, Sarr, Sheppard, LeBron, TV Package, Beverley

July 27th, 2024 at 11:58am CST by Dana Gauruder

The top two picks in the draft — Zaccharie Risacher and Alex Sarr — were also two of the biggest disappointments during Summer League action, John Hollinger of The Athletic notes.

The Hawks‘ Risacher shot 11-of-28 from the floor in 59 minutes before being sidelined by a quad contusion. The Wizards‘ Sarr shot 0-of-15 from the field in his third game and only scored two points in his fourth outing. The Pacers‘ Jarace Walker and Timberwolves‘ Rob Dillingham were among the other notable players who struggled in Vegas.

On the flip side, third overall pick Reed Sheppard of the Rockets showcased his all-around skills, Hollinger writes. Another standout was Scotty Pippen Jr., who made a strong case to be the Grizzlies‘ backup point guard.

The Ringer’s J. Kyle Mann and ESPN’s experts also shared their thoughts on the biggest takeaways from Summer League action.

We have more from around the basketball world:

LeBron James ranks No. 1 among the top 25 players in this century, according to a poll of ESPN experts. Kobe Bryant, Stephen Curry, Tim Duncan and Shaquille O’Neal round out the top five.
The new broadcasting deals signed by the league with Disney, NBC and Amazon include national broadcasts on every day of the week during the regular season. ESPN’s Tim Bontemps provides more details on the rights packages.
Patrick Beverley will not face criminal charges for throwing a basketball at a Pacers fan during the playoffs, The Athletic’s Mike Vorkunov tweets. A Marion County Prosecutor’s Office spokesman said the county won’t bring charges after it reviewed the Indianapolis police department investigation. Beverley is expected to play with an Israeli team next season.

Contract Details: Mobley, Hauser, Reeves, Mamukelashvili

July 25th, 2024 at 7:21pm CST by Luke Adams

Evan Mobley‘s new maximum-salary extension with the Cavaliers features a 15% trade kicker and is fully guaranteed, with no player or team option on the fifth year, reports Michael Scotto of HoopsHype (Twitter link).

As Brian Windhorst previously reported, Mobley’s deal includes multiple levels of Rose Rule incentives and could end up starting at either 25%, 27.5%, or 30% of the 2025/26 cap, depending on whether the big man earns end-of-season honors next season. According to Windhorst, a spot on the All-NBA Third Team would bump Mobley’s starting salary to 27.5% of the cap, but he’d have to make one of the top two teams or win Defensive Player of the Year to increase that figure to 30%.

Here are a few more details on recently signed NBA contracts:

Sam Hauser‘s four-year extension with the Celtics is worth exactly $45MM, as previously reported, and has a straightforward ascending structure with 8% annual raises, tweets cap expert Yossi Gozlan. Hauser’s contract starts at just over $10MM in 2025/26 and increases to nearly $12.5MM by the fourth year (2028/29).
Antonio Reeves‘ three-year, minimum-salary contract with the Pelicans is only fully guaranteed for the 2024/25 season, Hoops Rumors has learned. Reeves’ second-year salary would become 50% guaranteed if he remains under contract through at least July 23, 2025, while his third-year team option is non-guaranteed.
Sandro Mamukelashvili‘s one-year, minimum-salary deal with the Spurs is fully guaranteed, Hoops Rumors has confirmed. Mamukelashvili also waived his right to veto a trade. San Antonio has 14 players with guaranteed salaries for 2024/25, with a 15th player (Julian Champagnie) on a non-guaranteed standard contract.
The two-way contracts recently signed by Jeff Dowtin (Sixers), Jay Huff (Grizzlies), and DJ Steward (Bulls) are each for one season.