Memphis Grizzlies Rumors | Hoops Rumors

Jonas Valanciunas Re-Signs With Grizzlies

July 11th, 2019 at 7:22pm CST by Arthur Hill

JULY 11: The Grizzlies have officially re-signed Valanciunas, the team announced today in a press release.

JUNE 30: The Grizzlies and Jonas Valanciunas have agreed to terms on a three-year, $45MM deal, tweets ESPN’s Adrian Wojnarowski.

According to Chris Herrington of The Daily Memphian (via Twitter), the contract will have a descending structure, so it will likely start around $16MM. Wojnarowski first reported (via Twitter) several hours before free agency began that Valanciunas would be staying in Memphis on a three-year, $45MM deal.

The Grizzlies acquired the 27-year-old center in a February trade that sent Marc Gasol to Toronto. Valanciunas put up career-best number in 19 games with Memphis, averaging 19.9 points and 10.7 rebounds per night.

The fifth pick in the 2011 draft, Valanciunas was part of the Raptors’ foundation for six and a half years before being traded. Earlier this month, he opted out of a $17,617,976 salary for next season.

At three years, Valanciunas’ new contract will expire before the Grizzlies’ next deal for Jaren Jackson Jr., notes Chris Herrington of The Daily Memphian (Twitter link).

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And-Ones: Howard, Summer League, Spain, BIG3

July 11th, 2019 at 9:01am CST by Luke Adams

Having been sent from Washington to Memphis in a trade for C.J. Miles, veteran center Dwight Howard is a member of the Grizzlies for now. However, the club is expected to waive or trade him at some point. After he was limited to just nine games in 2018/19 for health reasons, it’s not clear what the next step will be for Howard, but the eight-time All-Star tells Shams Charania of The Athletic that he has adjusted his mindset and is prepared to do whatever it takes to help his next team win.

“I don’t have an ego — it’s dead,” Howard said. “It had to die for me to be who I am. Sometimes when you want to become who you want to be, you have to die within yourself. Once you learn that you have to give up yourself for the team, that’s when things flourish.”

According to Charania, several NBA teams have said that they’re intrigued by Howard, who says he has been fully cleared after last year’s injury issues. The three-time Defensive Player of the Year claims he has lost 25 pounds since the end of the season, and one executive who saw him recently said he appears to be in his best shape in years, per Charania.

It remains to be seen whether Howard will get an opportunity to choose his next team on the free agent market, but if he does, he has one clear priority, he tells Charania: “Winning. Winning. Winning. I want to win. Nothing else. Just win.”

Here are a few more odds and ends from around the basketball world:

According to Rick Bonnell of The Charlotte Observer (Twitter link), there has been talk in Las Vegas about the possibility of moving back the start of Summer League in future years. Postponing the start date until after the end of the July moratorium would help address the problem of having traded 2019 draftees tied up in deals that can’t be made official until after Summer League is underway.
Spain announced its preliminary roster for the 2019 FIBA World Cup this week, as Sportando relays, and the group includes a number of familiar names. The 16-man list, which will be cut down to 12 for the competition, features Marc Gasol, Ricky Rubio, Willy Hernangomez, Juan Hernangomez, and former NBA players like Rudy Fernandez and Victor Claver.
The BIG3 announced on Wednesday that Baron Davis, Bonzi Wells, Lamar Odom, and Jermaine O’Neal are being “deactivated” for the 2019 season. The league cited the need to “maximize competition, protect the health of players, and to raise the level of the professionalism of the BIG3.”

Lakers Sign Avery Bradley

July 8th, 2019 at 11:09pm CST by Luke Adams

11:09pm: The Lakers have officially signed Bradley, the team announced tonight (via Twitter).

12:00pm: Once he clears waivers later today after being released by the Grizzlies, veteran guard Avery Bradley intends to sign a two-year, $9.7MM contract with the Lakers, agent Bill Duffy tells ESPN’s Adrian Wojnarowski (Twitter link).

Los Angeles still has its full $4.8MM room exception available, so Bradley will slot into that exception now that the club has used all of its cap room. The second year of his new deal will be a player option, Wojnarowski notes.

Bradley, 28, has bounced around the league since spending the first seven seasons of his NBA career in Boston. The Celtics traded him to the Pistons during the 2017 offseason, but he was subsequently flipped to the Clippers and then the Grizzlies.

Despite the constant movement, Bradley finished strong in 2018/19, averaging 16.1 PPG, 4.0 APG, and 3.1 RPG with a .463/.384/.920 shooting line in 14 games (31.6 MPG) for Memphis. The combo guard is also considered a strong perimeter defender.

However, his $12.96MM salary for 2019/20 was only partially guaranteed for $2MM, and the rebuilding Grizzlies decided to create some extra cap flexibility by releasing him on Saturday and avoiding that guarantee. As cap guru Albert Nahmad observes (via Twitter), Memphis will also get to set off $1.66MM of that $2MM as a result of Bradley’s new deal with Los Angeles.

Bradley will slot into a Lakers backcourt that features Rajon Rondo and Quinn Cook at the point, with Danny Green, Troy Daniels, and Kentavious Caldwell-Pope among those who could see time at the two. Alex Caruso will also be in the mix.

By my count, the Lakers now have 13 players lined up for their regular-season roster, plus unsigned second-rounder Talen Horton-Tucker, who figures to occupy one of the final two roster spots. If the club adds a 15th man via free agency, he’ll have to sign a minimum-salary contract. Zach Norvell Jr. and a second two-way player will also factor into the equation.

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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.

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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).

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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.

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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).

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