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Free Agency Rumors: Theis, Magic, Heat, Raptors, Rockets

July 2nd, 2024 at 9:19am CST by Luke Adams

Veteran center Daniel Theis has received interest in free agency from several suitors, including the Grizzlies, Pelicans, and Bucks, reports Kelly Iko of The Athletic (Twitter link).

Theis won the 2023 FIBA World Cup with Germany last year, then joined the Clippers in the fall after negotiating a buyout with the Pacers. He served as the backup center in Los Angeles while Mason Plumlee missed time due to an injury and averaged 6.3 points, 4.1 rebounds, and 0.9 blocks in 17.1 minutes per game across 59 outings.

A second-apron team, Milwaukee is limited to offering minimum-salary contracts to outside free agents, while Memphis and New Orleans have financial constraints of their own to consider, so Theis is unlikely to secure a big payday from any of those suitors. Still, they could certainly offer him a path to playing time.

The Grizzlies traded away Steven Adams and Xavier Tillman last season, while New Orleans lost Jonas Valanciunas and Larry Nance Jr. this summer. Milwaukee has Brook Lopez manning the middle, but his name came up in trade rumors last month.

Here are a few more free agency notes from around the NBA:

Although the Magic still have a chunk of cap room left over, they don’t appear to be aggressively pursuing outside free agents using that room. Jason Beede of The Orlando Sentinel (subscription required) hears that there continues to be mutual interest in new deals for free agents Moritz Wagner and Joe Ingles — if both players return, Orlando would have 15 players on standard contracts. A report on Monday suggested the team is also exploring using some cap room to renegotiate and extend Jonathan Isaac‘s contract.
Caleb Martin doesn’t have a deal in place with a new team yet, but Ira Winderman of The South Florida Sun Sentinel (Twitter link) still views him as “all but gone” from the Heat. Re-signing Haywood Highsmith remains a possibility for Miami, per Winderman, who says the team may also sign another veteran free agent for the minimum. Winderman names Dennis Smith Jr. as a possible Heat target.
Free agent wing Gary Trent Jr. appears likely to leave the Raptors, according to Eric Koreen of The Athletic. As Koreen details, Toronto’s agreement with Garrett Temple means there are already 15 players projected to be on guaranteed contracts if second-round picks Jonathan Mogbo and Jamal Shead are signed using the second-round exception, as expected. In other words, the team’s free agent business might be just about done.
Kelly Iko of The Athletic hears that Trent had some interest in reuniting with former teammate Fred VanVleet in Houston, but the Rockets are another team who likely won’t do much more free agent shopping. Following the additions of Reed Sheppard and AJ Griffin, along with a new deal with Aaron Holiday, Houston projects to have 15 players under contract. While the Rockets would certainly still be interested in acquiring a young star, the two players they’ve been monitoring most closely, per Iko – Donovan Mitchell and Devin Booker – aren’t available, and the asking price for Jazz forward Lauri Markkanen was considered too high.

Western Notes: Edey, Canada, Spurs, Castle, Clippers

June 30th, 2024 at 10:45pm CST by Rory Maher

The Grizzlies selected back-to-back college Player of the Year Zach Edey with the No. 9 pick in the 2024 draft. The 7’4″ center, who is from Toronto, was on the preliminary roster for the Canadian national team, but he decided to withdraw from consideration for the 12-man roster ahead of the team’s training camp as it prepares for the Olympics in Paris next month, tweets Michael Grange of Sportsnet.ca. Edey will be prioritizing his development with Memphis ahead of his rookie NBA season.

“Representing Canada in the Olympics remains a lifelong dream of mine, but for now, I look forward to being the team’s biggest fan from this side of the Atlantic,” Edey said as part of a larger statement (Twitter link via Grange).

Here are a few more notes from around the Western Conference:

The Spurs intend to sign future Hall of Famer Chris Paul to a one-year, $11MM+ contract once he clears waivers. That one-year agreement isn’t a coincidence, according to Jeff McDonald of The San Antonio Express-News, who hears the team is prioritizing short-term contracts to maximize financial flexibility for the 2025 offseason (Twitter link). The list of free agents for next year can be found here. Of course, it’s possible the Spurs may be more focused on trade possibilities in 2025 than free agency, as they control several future first-round picks.
Spurs No. 4 overall pick Stephon Castle is thrilled to team up with reigning Rookie of the Year Victor Wembanyama, writes Andrew Lopez of ESPN. “Just the thought of playing with him, of course it circulates in your mind, but it really doesn’t feel real until it becomes reality,” Castle said. “So I mean, just to know that that’s going to be my future teammate now, I’m just really excited for what our future looks like.” Castle won a championship with UConn in his lone collegiate season.
With Mason Plumlee heading to Phoenix and Daniel Theis, Moussa Diabate and Kai Jones all unrestricted free agents, the Clippers are looking for a new backup big man, per Law Murray of The Athletic. The Clips expect to work out a new deal with Jones and there’s a chance Diabate could be back too, Murray says, but neither player has a proven track record in the NBA.

FA Rumors: KCP, Harden, Kennard, Hartenstein, Jones, Highsmith, More

June 30th, 2024 at 2:59pm CST by Luke Adams

After Jake Fischer of Yahoo Sports reported earlier today that the Nuggets are preparing to lose Kentavious Caldwell-Pope, Michael Scotto of HoopsHype confirms there’s a growing belief around the league the veteran wing won’t remain in Denver.

The Magic have “significant” interest in Caldwell-Pope and there has been growing buzz about the possibility of Orlando aggressively pursuing him, Scotto says, adding that the Magic’s interest in Klay Thompson has cooled by comparison. Multiple executives who spoke to HoopsHype believe Caldwell-Pope will sign for $20-25MM per year.

The Sixers, who have also frequently been cited as a Caldwell-Pope suitor, have been exploring the feasibility of landing both KCP and Paul George using their cap room, tweets Marc Stein.

Here are several more rumors with the official start of free agency just a couple hours away:

While James Harden has been mentioned as a possible mid-level ($12.9MM) target for the Lakers, the expectation is that the Clippers will be willing to pay him approximately double that amount, Scotto writes, echoing a comment made by Adrian Wojnarowski on ESPN (YouTube link).
Rival executives aren’t expecting Luke Kennard to be truly available as an unrestricted free agent, according to Fischer, who says Kennard and the Grizzlies seem to be interested in continuing their relationship after the team turned down its option the sharpshooter on Saturday.
New Pistons head of basketball operations Trajan Langdon is known to be a fan of center Isaiah Hartenstein, so Detroit is considered a candidate to make a play for the Knicks big man, Fischer reports. A return to the Knicks still hasn’t been entirely ruled out for Hartenstein, though the Thunder continue to be viewed as a probable suitor as well, Fischer notes.
With point guard Tyus Jones seeking starter-level money as a free agent this offseason and the Wizards still in the early stages of their rebuilding project, there’s a growing sense that Washington will be open to moving Jones via sign-and-trade, per Scotto.
Free agent wing Haywood Highsmith is expected to draw interest from a mix of cap-room teams such as the Pistons, Hornets, Jazz, Spurs, and Sixers, as well as over-the-cap clubs like the Pacers, Kings, and Warriors, league sources tell Scotto, who suggests the 27-year-old could end up with a deal in the range of the full mid-level.
The Lakers are expected to have interest in re-signing both Taurean Prince and Spencer Dinwiddie, with Dinwiddie also likely to draw interest from the Mavericks, Scotto writes. NBA executives who spoke to HoopsHype projected Prince to potentially land a contract in the range of $5MM+ annually over two years.

Option/QO Notes: Green, Watanabe, Bertans, Barlow, Kings, More

June 30th, 2024 at 6:50am CST by Luke Adams

Saturday represented the deadline for teams and players to exercise 2024/25 contract options and for teams to issue qualifying offers to players eligible for free agency. While there was a flurry of news about those options and QO decisions yesterday, a few players still slipped through the cracks.

We’ll start with Rockets forward Jeff Green. Reporting last week indicated that Houston planned to exercise his $8MM team option for 2024/25 and the team did just that, per RealGM’s transaction log. Green’s salary technically remains non-guaranteed until July 11 even now that his option has been picked up, but the expectation is that he’ll be retained — his expiring deal could be a useful salary-matching piece in a trade, and he also played rotation minutes for Houston last season, averaging 16.8 MPG in 78 appearances.

While there was no official confirmation on Saturday (as far as we could tell), Grizzlies forward Yuta Watanabe had long been expected to decline his $2.65MM player option for the 2024/25 season, since he’s on track to return to his home country of Japan and play for the Chiba Jets. There’s no indication that those plans have changed or that he picked up his option, so we’re assuming it was declined and that he’ll be off the board for NBA teams this offseason.

Finally, Davis Bertans‘ option with the Hornets was technically an early termination option rather than a player option, meaning that instead of needing to actively exercise it if he wanted to opt in, he needed to do nothing to opt in. He did just that, and will remain under contract with Charlotte for the time being, rather than becoming a free agent. However, his $16MM option salary is only partially guaranteed for $5.25MM, so he’s not assured of having the rest of that salary guaranteed, especially if the Hornets are looking to maximize their cap flexibility this offseason.

Here are a few more updates left over from a busy Saturday:

Dominick Barlow, a 21-year-old forward who has spent the past two seasons with the Spurs, didn’t receive a qualifying offer to make him a restricted free agent, per Adrian Wojnarowski of ESPN (Twitter link). San Antonio isn’t necessarily planning to part ways with Barlow, according to Tom Orsborn of The San Antonio Express-News, who tweets that the Spurs still have interest in discussing a new deal. However, he’ll have interest from other teams as well, says Wojnarowski.
The Kings didn’t tender qualifying offers to their three players eligible for restricted free agency (Kessler Edwards, Jordan Ford, or Jalen Slawson), confirms Sean Cunningham of FOX 40 Sacramento (Twitter link). All three players will be unrestricted free agents.
According to RealGM, players who did receive qualifying offers that weren’t previously reported (that we saw) include no-brainers like Sixers guard Tyrese Maxey and Raptors guard Immanuel Quickley, as well as Mavericks two-way player Brandon Williams.
We’ve previously published trackers for this year’s team option decisions and player option decisions, which are now fully up to date. We’ll be posting a full qualifying offer recap later this morning.

Grizzlies Decline Luke Kennard’s 2024/25 Team Option

June 29th, 2024 at 4:15pm CST by Luke Adams

The Grizzlies did not exercise Luke Kennard‘s $14.8MM team option for 2024/25 prior to Saturday’s deadline, reports Adrian Wojnarowski of ESPN (Twitter link).

While the move will make Kennard an unrestricted free agent, the two sides are “eager” to discuss a new, restructured deal, according to Wojnarowski.

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 28-year-old 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.

A $14.8MM salary isn’t unreasonable for a shooter of that caliber, but the Grizzlies would have been above the first tax apron if they had exercised Kennard’s option. As Bobby Marks of ESPN tweets, team salary is now $8MM below the luxury tax line and $11.5MM below the first apron.

The Grizzlies value Kennard and what he brings to the rotation, according to Damichael Cole of The Memphis Commercial Appeal (Twitter link), so a new deal is possible. However, as Cole notes, the veteran sharpshooter figures to draw interest on the open market.

Western Notes: Boston Jr., Holmes, Grizzlies Draft, Pelicans, Collier

June 29th, 2024 at 9:22am CST by Tristan Tucker

The Clippers are not issuing a qualifying offer to 22-year-old wing Brandon Boston Jr., Adrian Wojnarowski of ESPN reports (Twitter link). That means Boston will become an unrestricted free agent.

Boston was the No. 51 overall pick in the 2021 draft, spending each of his first three seasons in the league with the Clippers. He played well in limited action, averaging 6.2 points in just 12.9 minutes across 105 appearances with Los Angeles from 2021-24. Per 36 minutes, his career averages jump to 17.4 points and 5.1 rebounds.

Still, Boston never broke through into the main rotation with the Clippers. There’s a chance he remains in Los Angeles on a new deal, but if not, it wouldn’t be surprising to see a younger team take a flier on him.

The No. 4 ranked prospect in the 2020 recruiting class, Boston played one season at Kentucky in 2020/21, averaging 11.5 points in 25 games.

We have more from the Western Conference:

It’s easy to envision how rookie DaRon Holmes II can fit on the Nuggets, with his rim protection and ability to stretch the floor standing out as key elements of his game, The Denver Post’s Bennett Durando writes. Holmes will man the second unit for now, giving the team a breath of fresh air there, but he might be a starter down the line. “I definitely see [playing the four] in the future, especially the way the game is now,” Holmes said. “You look at the Grizzlies. They just got Zach Edey. They’re probably gonna play him and [Jaren Jackson Jr.] together. I think that’s perfectly fine for me. Small-ball five will be good at times. I don’t think that will be an all-time thing for me. I’m probably not gonna start at the five if I’m gonna be a starter [someday].”
The Grizzlies draft selections were all highly coveted by the franchise, Damichael Cole of Memphis Commercial Appeal writes. Outside of No. 9 overall pick Edey, Memphis selected Jaylen Wells and acquired Cam Spencer in the second round. “To come out of day two of the draft with both of them joining us, that’s an outcome that we thought was zero chance of,” general manager Zach Kleiman said.
At the end of the season, Pelicans general manager David Griffin said changes would be necessary so the team could keep up with the rest of the West. Trading for Dejounte Murray shows Griffin is backing up those words, William Guillory of The Athletic writes, but there’s more work to be done. The roster is unbalanced, with a lack of frontcourt depth standing out as an issue. Guillory writes that trading Brandon Ingram or CJ McCollum in a deal for a starting center would be a sensible move, with Ingram the likelier option due to his trade value and contract status. Some trade options could include Deandre Ayton, Brook Lopez and Mitchell Robinson, though it’s hard to gauge whether opposing teams would have interest in extending Ingram.
The Jazz played the waiting game in the draft after considering options to trade up, and USC guard Isaiah Collier fell into their lap at pick No. 29, Andy Larsen of The Salt Lake Tribune writes. “As the draft started to fall, there was a very high percentage chance on our probability markers that the guys that we liked were going to be there [at 29],” general manager Justin Zanik said. “So we are absolutely thrilled that Isaiah was available for us to take.”

Grizzlies To Acquire No. 53 Pick Cam Spencer From Wolves

June 28th, 2024 at 10:33am CST by Dana Gauruder

JUNE 28, 10:33am: The Timberwolves will acquire a future second-round pick from the Grizzlies to move down from No. 53 to No. 57, and cash considerations from the Raptors for No. 57, reports Jon Krawczynski of The Athletic (Twitter link).

JUNE 27, 5:16pm: The Timberwolves are swapping the No. 53 pick to the Grizzlies for the No. 57 pick, Shams Charania of The Athletic and Stadium tweets. Minnesota will then send the No. 57 pick to the Raptors, ESPN’s Adrian Wojnarowski tweets.

UConn shooting guard Cam Spencer was taken with the No. 53 and he’ll now join the Grizzlies. Spencer played a key role in UConn’s championship run this past season, averaging 14.3 points, 4.9 rebounds and 3.6 assists after transferring from Rutgers. He also played three seasons at Loyola Maryland. Spencer shot 44% from beyond the 3-point arc for the Huskies and knocked 41.7% of his 3s in 132 college games.

He’s the fourth UConn player to get selected in this draft. Stephon Castle and Donovan Clingan were chosen in the lottery and Tristen Newton was also selected in the second round.

Cameroon big man Ulrich Chomche was chosen at No. 57 and he’ll join Toronto. He spent this past season with the NBA Academy Africa. He only played three games during the Basketball Africa League qualifiers, in which he averaged 13 points, nine rebounds, three assists, three blocks and one steal per game. Overall, he averaged 8.5 points, 2.4 assists and 2.1 blocks in 26 games last season.

He’s the first player from the NBA Academy to be drafted.

Minnesota, in a cap-saving move, agreed to trade shooting guard Wendell Moore Jr. and the 37th pick to Detroit earlier in the day. The Pistons used that pick to select forward Bobi Klintman.

Essentially, the Timberwolves made three deals to trade out of the second round.

Southwest Notes: Missi, Sheppard, Edey, Ajinca

June 27th, 2024 at 10:37pm CST by Alex Kirschenbaum

With incumbent starter Jonas Valanciunas on the cusp of unrestricted free agency and a possible departure, the Pelicans may have added a major insurance policy by drafting former Baylor center Yves Missi, writes William Guillory of The Athletic.

“The defensive versatility of (Missi) is something we were really excited about. He’s not just a rim protector. He has the ability to be a multiple-coverage big,” team president David Griffin said. “When you look at an athlete with his size and the way he tested for us here. The things he’s capable of physically are very rare.”

Guillory cautions that Missi is liable to run into foul trouble and may not be ready to immediately contribute, with general manager Bryson Graham referring to the big man as “developmental.” However, Graham also likened Missi to Dereck Lively II, who played a major role as a rookie for the Western Conference champions in Dallas.

“He has such a good feel for finding space. He’s able to set screens and play in the dunker (spot),” Graham said. “It’s a lot like a Dereck Lively-type. I think his feel for the game is very advanced. (Having) somebody like that next to (Zion Williamson), it’s going to unlock him.”

There’s more out of the Southwest Division:

Had former Kentucky guard Reed Sheppard been selected by the Hawks or Wizards with the first or second pick in the draft on Wednesday, the Rockets had a plan to trade down. When he fell to Houston with the third pick, Houston stayed put, enticed by the 20-year-old’s long range shooting acumen. During a conversation with The Athletic’s Kelly Iko, the 6’2″ guard revealed exactly what Rockets brass wants him to contribute from the jump. “The biggest thing right away is the shooting, just coming in and being able to knock down shots,” Sheppard said. “But at the same time, coming in and doing what you do daily. Playing basketball the right way. Having a high IQ. Just doing the right basketball play.”
Despite rumors that his team was trying to move up to select Donovan Clingan, Grizzlies general manager Zach Kleiman suggested in comments to reporters on Wednesday that Memphis had been targeting All-American former Purdue center Zach Edey with the No. 9 pick all along, writes Damichael Cole of The Memphis Commercial Appeal. “Let’s just say this is exactly what we were hoping would happen,” Kleiman said. “When we talk about the DNA of this team and what we are trying to build out, Zach Edey to a T is that definition.”
The Mavericks only added one new player near the end of this year’s draft, 6’8″ small forward Melvin Ajinca. Dallas traded its own No. 58 pick and cash considerations to the Knicks in order to acquire the French swingman at No. 51. Despite the fact that 50 players were selected before Ajinca, general manager Nico Harrison is excited by the 20-year-old’s ceiling, writes Mike Curtis of The Dallas Morning News. “He’s really young and he has huge upside,” Harrison said. “We just like the way he plays. He has a chance to be really good.”

Southwest Notes: Ingram, Cash, Rockets, Sheppard, Kennard, Clarke

June 27th, 2024 at 6:38am CST by Luke Adams

With trade rumors swirling around forward Brandon Ingram, Pelicans head of basketball operations David Griffin spoke to reporters on Wednesday night about where things stand with the former All-Star, as Christian Clark of NOLA.com relays (via Twitter). Griffin didn’t explicitly say Ingram wouldn’t be traded this offseason, but suggested the situation is a complicated one.

“Brandon wants to stay here,” Griffin said. “He believes in what we are building. That is meaningful to us. That’s meaningful to him. That’s meaningful to his agent. At the same time, there is a financial reality that we all deal with. I think we’re excited about Brandon. We know he’s excited about us. Usually, those things yield good results one way or the other.”

Reports have indicated that the Pelicans are unwilling to put a maximum-salary contract extension on the table for Ingram this offseason as he enters the final year of his current contract, making him a logical candidate to be on the move in a deal that upgrades another area of New Orleans’ roster.

Here’s more from around the Southwest:

On the heels of losing a handful of front office executives this offseason, the Pelicans are promoting former WNBA star Swin Cash to senior vice president of basketball operations, reports Shams Charania of The Athletic (Twitter link). Cash, who has been in New Orleans’ basketball operations department since 2019, is one of the highest-ranking women by title in any NBA front office, Charania notes.
Speaking to reporters after the first round of the draft on Wednesday, Rockets general manager Rafael Stone said Houston considered Kentucky’s Reed Sheppard to be the top prospect in this draft and would have likely tried to trade out of No. 3 if he hadn’t been on the board (Twitter link via Jonathan Feigen of The Houston Chronicle).
With the deadline to exercise Luke Kennard‘s $14.8MM team option now just two days away, GM Zach Kleiman said the Grizzlies “still feel very strongly about Luke as someone who’s a great fit as part of this group,” writes Jonah Dylan of The Memphis Commercial Appeal. While Kennard is one of the NBA’s best shooters, Memphis has potential luxury tax concerns to consider as it weighs the decision on his 2024/25 option. One recent report indicated he might be a trade candidate if the option is exercised.
Grizzlies forward Brandon Clarke hopes to get a chance to represent his home country in international competition at some point, but it won’t happen this summer. Clarke, who missed most of the 2023/24 season while recovering from an Achilles tear, explained on Tuesday why he wasn’t on the preliminary Olympic roster recently released by Team Canada. “It’s tough for me,” he said, according to Dylan. “I have to work on my rehab still. I’m still really working on my calf rehab, I didn’t get to have the summer that I wanted the past couple summers. There might be a time where I can play in the future, but as of right now my time is best spent doing my own thing and getting ready for the season.”

Trade Rumors: Kings, Wizards, THJ, Grizzlies, Rockets

June 26th, 2024 at 10:07pm CST by Luke Adams

In the minutes and hours leading up to their No. 13 pick in tonight’s draft, the Kings were engaged in trade talks involving that selection, according to Jason Anderson of The Sacramento Bee (Twitter link).

Sacramento ultimately used that pick to select Providence guard Devin Carter and it doesn’t appear that there are any plans to trade him, but it seems safe to assume the Kings will remain on the lookout for help on the wing. Anderson says Wizards forward Kyle Kuzma and Nets sharpshooter Cameron Johnson were among the names he heard linked to the Kings, while Jake Fischer of Yahoo Sports (Twitter link) notes that Sacramento expressed interest in another Net, Dorian Finney-Smith, prior to February’s trade deadline.

Here are a few more draft-day trade rumors:

The Wizards have emerged as another “viable” trade partner for the Mavericks with Tim Hardaway Jr., according to Marc Stein (Twitter link), who previously identified Detroit as a possible landing spot for Hardaway. Unlike the Pistons, Washington doesn’t project to have cap room this offseason, so Dallas would likely have to take back some salary in a deal with the Wizards. As Stein points out, the two teams have already made one trade this year, with Washington sending Daniel Gafford to the Mavs in February.
Before drafting Ron Holland at No. 5, Detroit talked to the Grizzlies about a trade back to No. 9, but Memphis didn’t present anything “substantial” to convince the Pistons to make a deal, reports James L. Edwards III of The Athletic. The Grizzlies, who were believed to be eyeing Donovan Clingan, also spoke to the Hornets about the No. 6 pick, according to Fischer (Twitter link). Clingan ultimately went to Portland at No. 7, with Memphis opting for another center, Zach Edey, at No. 9.
Despite rumors that the Rockets want to turn around and immediately trade the draft assets they got from Brooklyn for a star – possibly Kevin Durant – Jonathan Feigen of The Houston Chronicle believes the team will take a longer-term outlook. As Feigen writes in a subscriber-only story, if Houston were prioritizing making a deal in the short term, the Nets picks they gave up would’ve been valuable assets. By kicking those picks down the road, the Rockets created a longer runway to explore the trade market and pursue possible deals.