Memphis Grizzlies Rumors | Hoops Rumors

Grizzlies Sign-And-Trade Delon Wright To Mavericks

July 8th, 2019 at 7:17pm CST by Luke Adams

JULY 8, 7:17pm: The deal is official, according to a Dallas press release. The Mavs sent the draft rights to 2015 second-rounder Satnam Singh to the Grizzlies in addition to two second-round picks. A Memphis press release confirms the deal.

JULY 7, 3:47pm: The Mavericks, Grizzlies, and restricted free agent guard Delon Wright have reached an agreement on a sign-and-trade deal that will send Wright to Dallas, reports ESPN’s Adrian Wojnarowski (Twitter link). Memphis will receive two second-round picks from the Mavs in the deal, according to Wojnarowski.

Agent Greg Lawrence tells Woj (Twitter link) that Wright will be receiving a three-year, $29MM contract from the Mavericks.

We’d heard since Thursday that Dallas, one of the only teams that still had cap flexibility, was planning an offer sheet for Wright. As Brad Townsend of The Dallas Morning News tweets, the Grizzlies didn’t want to lose him for nothing but also weren’t committed to matching an offer sheet at any cost. The Mavs, on the other hand, were likely wary of having Memphis match their offer — or of having to overpay Wright to avoid that scenario.

The sign-and-trade agreement represents a compromise for the Southwest rivals, and is the latest example of what has become a summer-wide trend around the NBA — no restricted free agent has signed an offer sheet, but six RFAs have reached deals to join new teams via sign-and-trade.

The 20th overall pick in the 2015 draft, Wright spent the first three and a half seasons of his NBA career with the Raptors before being dealt to Memphis in the Marc Gasol trade at this year’s deadline. After never averaging more than 20.8 minutes per game in Toronto, the 27-year-old saw that number bumped to 30.8 MPG in 26 games with the Grizzlies and responded by averaging 12.2 PPG, 5.4 RPG, 5.3 APG, and 1.6 SPG.

In Dallas, Wright figures to share ball-handling duties with the likes of Jalen Brunson, J.J. Barea (when he’s healthy), and – of course – Luka Doncic.

After accounting for Wright’s contract, the Mavs project to have no more than $14.6MM in cap room, tweets cap expert Albert Nahmad. Dallas’ contract agreements with Dorian Finney-Smith, Maxi Kleber, and Kristaps Porzingis would eat up that room once they become official since their new salaries are much higher than their cap holds.

If the Mavs don’t have any other deals on tap, it’s possible they’ll remain an over-the-cap team, taking Wright into their $21.3MM trade exception and using the mid-level exception to sign Seth Curry. That would leave the team with the rest of that big trade exception to use during the season.

As for the Grizzlies, they’ll move forward with No. 2 pick Ja Morant handling point guard duties, but we’ll see if they look to add more depth after losing Wright. De’Anthony Melton is the other point guard on the roster. Memphis has about $115MM in projected team salary on its books and will create a trade exception worth half of Wright’s 2019/20 salary in this sign-and-trade, tweets ESPN’s Bobby Marks.

Photo courtesy of USA Today Sports Images.

Grizzlies Sign John Konchar To Two-Way Deal

July 8th, 2019 at 11:22am CST by Arthur Hill

JULY 8: The Grizzlies have officially signed Konchar to a two-way contract, the team announced today in a press release. Memphis opened up a two-way slot by sending Washburn to Golden State in the Andre Iguodala trade.

JUNE 21: Purdue-Fort Wayne guard John Konchar will sign a two-way contract with the Grizzlies, tweets ESPN’s Adrian Wojnarowski.

The senior went undrafted despite participating in a large number of workouts. However, he impressed Memphis enough to get a shot at the NBA on a two-way deal.

Konchar posted a 19.5/8.5/5.4 line this year at IPFW. He is the only player ever to reach 2,000 points, 1,000 rebounds, 500 assists and 200 steals during his college career, according to Bryan Kalbrosky of Hoops Hype (Twitter link).

Current Grizzlies two-way players Yuta Watanabe and Julian Washburn both have two-way deals that extend into 2019/20. Konchar is expected to replace Washburn in that second slot, with Watanabe returning, tweets Chris Herrington of The Daily Memphian.

Grizzlies Sign Tyus Jones To Offer Sheet

July 7th, 2019 at 11:59pm CST by Luke Adams

11:59pm: Jones officially signed the offer sheet on Sunday, according to RealGM’s transactions log. Minnesota will have two days to match it.

10:51pm: The Grizzlies have agreed to terms on an offer sheet with restricted free agent point guard Tyus Jones, reports Shams Charania of The Athletic (Twitter link). Once Jones formally signs the Grizzlies’ offer sheet and it’s presented to the Timberwolves, Minnesota will have two days to match it.

According to Charnia (via Twitter), the 23-year-old’s offer sheet is worth $24MM over three years. Malika Andrews of ESPN (via Twitter) pegs the value at $28MM, with agent Kevin Bradbury confirming to Jon Krawczynski of The Athletic (Twitter link) that $28MM is the deal’s maximum value via incentives. Bradbury also tells Krawczynski that he and Jones looked elsewhere on the free agent market after they couldn’t find common ground with the Wolves.

“We negotiated in good faith with Minnesota, but did not receive an offer I felt was fair so we had to look elsewhere,” Bradbury said.

The Grizzlies lost a restricted free agent point guard of their own today, having reached an agreement with the Mavericks to send Delon Wright to Dallas in a sign-and-trade in exchange for a pair of second-round picks. That deal left Memphis with little point guard depth beyond Ja Morant and De’Anthony Melton, so it looks like the team will try to add a replacement for Wright on a similar contract after acquiring a couple draft picks in the process.

The Grizzlies will use their mid-level exception to sign Jones, who averaged 6.9 PPG, 4.8 APG, and 1.2 SPG last year in 68 games (22.9 MPG) for Minnesota. The club used a similar tactic a year ago, using its full mid-level exception to sign Spurs RFA Kyle Anderson to an offer sheet.

It remains to be seen whether the Timberwolves will match Memphis’ offer. The Wolves entered the offseason reportedly in the market for a point guard, but selected Jarrett Culver in the draft, then missed out on top target D’Angelo Russell. As a result, Shabazz Napier is currently the only point guard on the depth chart behind Jeff Teague, and it’s not clear if Minnesota even plans to keep Napier for the regular season.

The Wolves’ lack of depth would seemingly make them inclined to match Jones’ offer sheet, but as ESPN’s Bobby Marks observes (via Twitter), doing so would only leave them about $1MM below the luxury tax line, reducing their flexibility for the rest of the offseason (and regular season).

Photo courtesy of USA Today Sports Images.

Grizzlies, Bulls Discussed Kris Dunn, Justin Holiday Swap

July 7th, 2019 at 10:37pm CST by ChrisCrouse

The Bulls and Grizzlies have discussed a sign-and-trade for Justin Holiday that would send former top-10 pick Kris Dunn to Memphis, K.C. Johnson of the Chicago Tribune hears.

Holiday played for the Bulls last season before the team dealt him to the Grizzlies. Memphis made the December trade hoping to remain in the playoff hunt, surrendering two second-round picks to Chicago as well as Wayne Selden and MarShon Brooks (the wrong Brooks from the failed three-team trade with the Suns).

Chicago has made Dunn available in trade talks after drafting Coby White and acquiring Tomas Satoransky. Three of the team’s offseason goals were to add depth in the frontcourt, bring in point guard competition, and add outside shooting. The first two can be checked off the list.

Shooting on the wing remains on the Bulls’ wish list, Johnson adds. Holiday is a career 34.9% shooter from behind the arc.

Mike Conley To Have No. 11 Retired

July 7th, 2019 at 4:01pm CST by clarkcrum

The Grizzlies will retire No. 11 in honor of longtime franchise point guard Mike Conley, per an official release from team owner Robert J. Pera.

Grizzlies Trade Parsons To Hawks For Plumlee, Hill

July 7th, 2019 at 12:52pm CST by Luke Adams

JULY 7: The trade is official, the Hawks announced in a press release.

JULY 3: The Grizzlies and Hawks have agreed to a trade, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that Memphis will send Chandler Parsons to Atlanta in exchange for Solomon Hill and Miles Plumlee.

Like the Hawks’ trade earlier this offseason of Kent Bazemore for Evan Turner, this deal will be a swap of expiring contracts and will be a virtual wash in terms of salary. Unlike that Bazemore/Turner trade though, it’s not clear if any of the players involved in this deal will actually see regular playing time in 2019/20.

Parsons, who will earn about $25.1MM next season, signed a four-year, maximum-salary contract with the Grizzlies during the summer of 2016, but battled injuries and failed to make an impact for the team during his three seasons in Memphis. In total, he appeared in just 95 games over three years, averaging 7.2 PPG and 2.6 RPG with a .393/.341/.779 shooting line.

Parsons and the Grizzlies had a particularly tumultuous year in 2018/19, with Parsons claiming in December that he was healthy and that the team was refusing to play him. He later took a leave of absence from the club.

According to Wojnarowski (via Twitter), the two sides were unable to reach an agreement on a buyout this summer, so Memphis will send Parsons to Atlanta, removing a potential distraction from the roster. As ESPN’s Bobby Marks points out (via Twitter), the mid-sized contracts of Plumlee and Hill will be easier for the Grizzlies to move in subsequent deals.

It remains to be seen if the Hawks believe Parsons has the ability to be an on-court contributor for them in 2019/20. Even if they don’t plan to play (or keep) him, there are a couple potential benefits for Atlanta. Moving two contracts for one will open up a roster spot, and Parsons’ salary is worth slightly less than the combined total of the salaries for Plumlee ($12.5MM) and Hill ($12.76MM).

A pair of separate trades will need to be completed before this one can be finalized. Hill is going from New Orleans to Atlanta in a trade involving the No. 4 pick, which in turn is part of the Pelicans’ Anthony Davis trade. The Pelicans/Lakers swap will need to be made official first, followed by the Pelicans/Hawks deal, then the Hawks/Grizzlies trade.

Photo courtesy of USA Today Sports Images.

Grizzlies, Suns Swap Kyle Korver, Josh Jackson In Multi-Player Trade

July 7th, 2019 at 12:05pm CST by Luke Adams

JULY 7: The trade is official, the Suns announced in a press release.

JULY 3: The Grizzlies and Suns have agreed to a trade that will send newly-acquired Memphis sharpshooter Kyle Korver to Phoenix along with Jevon Carter, reports ESPN’s Adrian Wojnarowski (via Twitter). According to Wojnarowski, the Grizzlies will receive Josh Jackson, De’Anthony Melton, a 2020 second-round pick, and a conditional 2021 second-round pick in the deal.

That 2021 Suns second-rounder will only change hands if it falls between 31-35, tweets Chris Herrington of The Daily Memphian. Brooklyn will receive it if it lands between 36-60.

Because Korver is part of the Mike Conley trade with Utah that hasn’t yet been completed, this deal can’t be made official until after the one is finalized. Once both deals are done, the Grizzlies will pick up a former No. 4 overall pick (Jackson), as well as a second-rounder from last year’s draft (Melton), along with at least one future second-round pick.

In two NBA seasons, Jackson has been inconsistent for the Suns, averaging 12.3 PPG and 4.5 RPG but shooting just .415/.294/.650 in 156 total contests (25.3 MPG). He has also faced questions about his maturity and off-court behavior.

However, he’s still just 22 years old, so the Grizzlies will get the opportunity to see if they can continue to develop him and help him reach his ceiling. They’ll also have to decide by the end of October whether to pick up $8.9MM option for 2020/21 — at this point, I’d be surprised if they do.

Melton, the 46th overall pick in 2018’s draft, is another intriguing roll of the dice for Memphis, one the team has long had its eye on, per Wojnarowski (Twitter link). The former USC Trojan is considered a strong defender, and started 31 games for the Suns in his rookie season, averaging 5.0 PPG, 3.2 APG, 2.7 RPG, and 1.4 SPG in 50 total contests.

As for the Suns’ side, the move looks like it’s primarily designed to clear the cap room necessary to complete their other reported moves this week, including Ricky Rubio‘s three-year, $51MM deal. They’ll also be able to retain Kelly Oubre‘s cap hold, and will presumably see if Carter can earn some minutes in their backcourt rotation.

According to Wojnarowski (via Twitter), Korver is expected to be bought out by Phoenix before his $7.5MM salary for 2019/20 becomes fully guaranteed. Korver’s deal is only partially guaranteed for $3.44MM as long as he doesn’t remain under contract through July 7.

If and when Korver clears waivers, the Lakers, Bucks, and Sixers will be the frontrunners to sign him, says Wojnarowski.

As cap expert Albert Nahmad observes (via Twitter), the Grizzlies will be able to use trade exceptions to absorb Jackson’s and Melton’s contracts, generating two new trade exceptions worth $3.44MM (Korver’s partial guarantee) and $1.42MM (Carter’s salary).

Photo courtesy of USA Today Sports Images.

Warriors Trade Andre Iguodala To Grizzlies

July 7th, 2019 at 11:55am CST by Luke Adams

JULY 7: The deal is now official, according to NBA.com’s transactions log. Golden State is receiving guard Julian Washburn, who was on a two-way contract with Memphis last season, while the Grizzlies get $2MM in cash considerations in the deal, as well as Iguodala and the draft pick, tweets Shams Charania of The Athletic.

JUNE 30: The Warriors have reached an agreement to trade Andre Iguodala to the Grizzlies, reports ESPN’s Adrian Wojnarowski (via Twitter). Memphis will also receive a 2024 first-round pick (top-four protected) in the deal, according to Wojnarowski.

Moving Iguodala became a virtual necessity for Golden State once the team agreed to acquire D’Angelo Russell from the Nets in a sign-and-trade deal. The Warriors will pay Russell the maximum salary of $27MM+ in 2019/20.

After taking into account Russell’s salary, Klay Thompson‘s new max deal, and the rest of the team’s commitments, the club was in danger of surpassing the $138.9MM tax apron, which isn’t permitted — when a team acquires a player via a sign-and-trade, it becomes hard-capped at that figure, so shedding salary became a must.

It appears likely that Shaun Livingston and his partially guaranteed $7.7MM salary will be on the way out as well. ESPN’s Bobby Marks breaks down the Dubs’ financial situation more thoroughly via Twitter, but it seems safe to say that the club won’t be able to bring back several of its own free agents, including Kevon Looney.

As Chris Herrington of The Daily Memphian observes (via Twitter), the Grizzlies will be able to take on Iguodala’s $17MM+ salary using the $25MM+ trade exception they’ll create when they officially send Mike Conley to Utah. The team should still be able to retain Delon Wright without going into the tax, but bringing back Avery Bradley appears unlikely, Herrington adds. Kyle Korver seems unlikely to remain in the picture in Memphis either.

It’s not clear whether Iguodala will stick with the Grizzlies. David Aldridge of The Athletic (Twitter links) suggests that Memphis would like to have Iguodala act as a veteran mentor to the team’s young players, but cautions that he wouldn’t rule out the possibility of a buyout. If the veteran swingman is bought out, he wouldn’t be eligible to re-sign with the Warriors in 2019/20.

Whether or not the Grizzlies retain Iguodala, it’s clear that the 2024 first-rounder is the prime asset in the deal. That pick will become top-one protected in 2025 if it doesn’t convey in 2024, according to Woj, who adds that it would be unprotected in 2026 if it doesn’t convey in either of the first two years.

Iguodala, who joined the Warriors in 2013, was a key part of the team’s run of success over the last several years. He won three titles with the club, earning the NBA Finals MVP in 2015.

Photo courtesy of USA Today Sports Images.

Grizzlies Sign Brandon Clarke To Rookie Contract

July 7th, 2019 at 12:34am CST by Luke Adams

Shortly officially finalizing their trade with the Thunder to acquire his draft rights, the Grizzlies have officially signed No. 21 overall pick Brandon Clarke to his rookie scale contract, according to NBA.com’s transactions log.

Clarke, 22, was viewed as a potential lottery pick entering the draft after he posted 16.9 PPG, 8.6 RPG, and a .687 FG% in his junior year at Gonzaga. When Clarke slipped a little, Memphis took advantage of his slide by packaging the No. 23 pick with a future second-rounder to move up to No. 21 to nab him.

As our chart of rookie scale salaries shows, Clarke’s first NBA deal figures to be worth approximately $2.48MM in year one and $12.15MM if he plays out the full four seasons.

Teams haven’t wasted any time in locking up their first-round picks to rookie contracts — Clarke is already the 19th of 30 first-rounders to formally sign, joining teammate Ja Morant in that group.

Mavericks Preparing Offer Sheet For Delon Wright

July 6th, 2019 at 10:30pm CST by Arthur Hill

The Mavericks are targeting Grizzlies restricted free agent Delon Wright and could have his signature on an offer sheet by the end of the night, a league source tells Brad Townsend of The Dallas Morning News (Twitter link). Memphis will have 48 hours to decide whether to match the offer once it’s submitted to the league office.

The 27-year-old point guard took advantage of increased playing time after he was shipped from the Raptors to the Grizzlies in February as part of the Marc Gasol trade. In 26 games with Memphis, Wright posted career highs with 12.2 points, 5.4 rebounds and 5.3 assists.

Earlier in the night, Mavericks owner Mark Cuban told Townsend that the team was virtually done in free agency outside of an “opportunistic” situation, which turned out to be Wright (Twitter link). ESPN’s Tim MacMahon tweeted that the Mavs are waiting to finalize their deals from the past week while they search the trade market for ways to utilize their cap space, which goes away when all the transactions become official. That doesn’t include the Seth Curry signing, which is being done with cap room, and the extension for Dwight Powell, which doesn’t take effect until next season.

The Grizzlies have been making an effort to clear salary to better position themselves to keep Wright without going into tax territory. Their latest move came earlier today when they waived Avery Bradley.