Memphis Grizzlies Rumors | Hoops Rumors

Grizzlies Sign Kennedy Chandler To Four-Year Deal

July 5th, 2022 at 7:02pm CST by Rory Maher

JULY 6: The Grizzlies have officially signed Chandler, according to the transactions log at NBA.com.

JULY 5: The Grizzlies are signing second-round pick Kennedy Chandler to a four-year, $7.1MM contract, his agent Ryan Davis tells Shams Charania of The Athletic and Stadium (Twitter link).

According to Charania, Chandler’s rookie contract contains $4.94MM in guaranteed money, which is the most an American second-rounder has ever received.

A four-year, minimum-salary contract would have been worth $6.94MM, so Chandler will likely receive a little more than the minimum in his rookie season.

The Grizzlies acquired Chandler in a draft-day trade from the Spurs in exchange for the Lakers’ 2024 second-round pick and cash. He was the 38th selection of the 2022 NBA draft.

Chandler was ranked 20th on ESPN’s big board prior to the draft, so he slid a bit to fall into the second round. The Memphis native averaged 13.9 PPG, 3.2 RPG, 4.7 APG and 2.2 SPG on .464/.383/.606 shooting in 34 games (30.8 MPG) as a freshman for Tennessee this past season.

Although he stands just 6’0″, Chandler is an excellent athlete and has a reputation as a strong defender. The 19-year-old recorded the highest max vertical leap (41.5″) and the second-fastest shuttle run (2.89) among all participants who were tested at the NBA draft combine in May.

Chandler is a true point guard, capable of distributing and getting to his spots at a high level. He’s currently starting for Memphis’ Summer League squad against Philadelphia in Salt Lake City, recording six points, three rebounds, three assists, two steals and two blocks through nearly three quarters of action, per ESPN.

As Chris Herrington of The Daily Memphian observes (Twitter links), Chandler’s deal is pretty similar to the contract Xavier Tillman received from the Grizzlies as the 35th pick in 2020 ($6.5MM over four years, with $4.6MM guaranteed). The Grizzlies had to use part of their mid-level exception to give Chandler a four-year deal, Herrington notes.

Contract Notes: Konchar, Roby, Landale

July 4th, 2022 at 2:14pm CST by Luke Adams

John Konchar‘s contract with the Grizzlies called for his $2.3MM salary for 2022/23 to become guaranteed if he remained on the roster through Sunday, and there has been no reporting indicating that he and the team agreed to move that date back. As such, we’re assuming Konchar’s salary for ’22/23 is now locked in.

If that’s the case, it doesn’t come as a surprise. Konchar was a solid role player for the Grizzlies in 2021/22, averaging 4.8 PPG, 4.6 RPG, and 1.5 APG with a .413 3PT in 72 games (17.9 MPG). His salary is relatively modest and he had already been owed a partial guarantee of $840K.

Konchar is one of many players on non-guaranteed contracts for 2022/23 whose salaries will become guaranteed this summer if they’re retained through certain dates. We’re tracking all of those players and decisions right here.

Here are a few more contract notes from around the NBA:

Although Isaiah Roby was earning a minimum salary ($1,930,681) when he was waived by the Thunder on Sunday, he had been on a four-year contract that was worth more than the minimum in year one, which means any team interested in claiming him off waivers can’t use the minimum salary exception to do so, as Eric Pincus of Bleacher Report tweets. A club that wants to put a claim in on Roby would need the cap space to absorb his salary or a trade exception worth at least $1,830,681. Waivers claims are rare for non-minimum players, but Roby showed promise in Oklahoma City last season and could draw some interest.
Jock Landale‘s non-guaranteed minimum salary became partially guaranteed for $46,120 when he was traded from San Antonio to Atlanta last week, Hoops Rumors has learned. That was the exact amount that needed to be guaranteed for salary-matching purposes, as Landale’s $46,120 was added to Dejounte Murray‘s 2021/22 cap hit ($15,428,880) to get to within $5MM of Danilo Gallinari‘s incoming $20,475,000 figure (it was also partially guaranteed, but San Antonio needed to be able to match the whole incoming amount). The Hawks have since agreed to flip Landale to the Suns, and it doesn’t appear his partial guarantee will increase any further in that trade, since no salary-matching is involved.
In case you missed it, we relayed earlier today that Otto Porter‘s new deal with the Raptors is worth $12.4MM over two years. We’ll get more info on the specific details of contracts like Porter’s and many others beginning later this week, when the July moratorium lifts and those signings start becoming official.

13 Trade Exceptions Set To Expire In July

July 4th, 2022 at 12:49pm CST by Luke Adams

A total of 13 traded player exceptions created during the 2021 NBA offseason are set to expire this month if they go unused.

A trade exception is an NBA salary cap exception that can be generated when a team trades a player away. It allows that team to acquire a certain amount of salary without sending out any in return for one year after the exception was created. The club is permitted to trade for a player earning the amount of the exception, plus $100K.

For instance, the Trail Blazers are set to use their $20,864,198 trade exception, created in February’s CJ McCollum trade, to acquire Jerami Grant, who is earning $20,955,000 in 2022/23. Grant narrowly fits into that TPE after accounting for the $100K in wiggle room.

Most trade exceptions expire without being used, but teams can sometimes find a use for them — especially the bigger ones like Portland’s. So it’s worth keeping tabs on which ones are still available.

Here are the 13 exceptions set to expire this month:

Boston Celtics: $17,142,857 (expires 7/18)
Los Angeles Clippers: $8,250,000 (expires 7/18)
Indiana Pacers: $7,333,333 (expires 7/7)
New Orleans Pelicans: $6,382,262 (expires 7/7)
Chicago Bulls: $5,000,000 (expires 7/7)
Memphis Grizzlies: $4,054,695 (expires 7/7)
Brooklyn Nets: $3,246,530 (expires 7/6)
Toronto Raptors: $3,070,052 (expires 7/6)
Atlanta Hawks: $1,782,621 (expires 7/7)
Golden State Warriors: $1,782,621 (expires 7/7)
Milwaukee Bucks: $1,517,981 (expires 7/7)
Boston Celtics: $1,440,549 (expires 7/7)
Brooklyn Nets: $118,342 (expires 7/6)

The Celtics’ $17MM exception, created in last year’s Evan Fournier sign-and-trade, is the most noteworthy one here, but it appears unlikely to be used. Boston reached a deal last week to acquire Malcolm Brogdon without having to use the exception, and now appears to be a long shot to strike another major trade agreement.

The third exception on this list, the Pacers’ $7.3MM TPE, will disappear if Indiana decides to operate under the cap. The team would have to renounce the exception in order to actually make use of its cap room.

While it’s possible some of the other exceptions on this list will be used before they expire, they won’t accommodate any of the deals that have been agreed upon to date.

The full list of outstanding trade exceptions can be found right here.

Spurs, Pacers, Pistons Still Have Cap Room Available

July 4th, 2022 at 9:01am CST by Luke Adams

While many free agent agreements have been reported since last Thursday evening, few will become official until the NBA’s moratorium period ends this Wednesday. That means the terms that have been reported – and the cap space or cap exceptions teams will use to complete those signings – haven’t yet been locked in.

Still, we have a pretty good sense of what the cap room situation looks like for teams around the league. Here’s a snapshot, as of the morning of July 4, of which clubs still have the most spending power:

Teams with cap room:

By our count, the Spurs project to have about $38MM in remaining cap room, and could push that number even higher by stretching Danilo Gallinari‘s partial guarantee across three years when they officially waive him. However, it’s very unlikely they’d do so unless they have a specific need for that extra room. San Antonio could also create some extra space by waiving Keita Bates-Diop or Tre Jones, who have non-guaranteed salaries for 2022/23, though there has been no indication that will happen.

The Pacers, meanwhile, should have a little over $26MM in cap room once the Malcolm Brogdon trade is finalized, based on our projections. Like San Antonio, Indiana has a couple players without full guarantees (Duane Washington and Terry Taylor) and could create more cap space by waiving one or both.

The Pistons have already committed a chunk of their cap room to taking on Nerlens Noel, Alec Burks, and Kemba Walker from New York, but haven’t used it all yet. If Walker gives back his minimum salary in a reported buyout agreement and Detroit uses its room exception to sign Kevin Knox to his two-year, $6MM deal, the team could have $14MM+ in space — or even more, if Walker’s dead money is stretched across three seasons.

It remains unclear what the Spurs, Pacers, and Pistons will do with their remaining cap room. All three teams have been linked to restricted free agent center Deandre Ayton at some point during the offseason and could theoretically still make a run at him, with Indiana and Detroit perhaps sending back players in a sign-and-trade deal to fit a max deal for the big man under the cap. Still, there’s a sense the Pistons have backed off Ayton after landing Jalen Duren on draft night, and it’s unclear whether the Spurs or Pacers have serious interest.

Accommodating salary-dump trades to acquire more assets could be an option for all three teams, either in the offseason or close to the trade deadline.

The Knicks are the other team expected to use cap room this summer, but after signing Jalen Brunson and Isaiah Hartenstein, they won’t have much left over. Even if they waive Taj Gibson and sign Brunson and Hartenstein to the lowest starting salaries possible based on their reported contract terms, New York projects to have less than $5MM in remaining room.

Mid-level exception teams:

The Hornets, Grizzlies, Thunder, Magic, and Jazz all still have their full non-taxpayer mid-level exceptions available, giving them the ability to offer up to about $10.5MM to a free agent. It’s worth noting though that Utah’s cap situation remains in flux as we wait to see what other moves the team has up its sleeve after trading Royce O’Neale and then agreeing to a blockbuster deal involving Rudy Gobert.

The Hawks, Nets, Heat, Pelicans, and Suns haven’t committed any mid-level money to free agents yet, but unless they shed salary, they’ll probably be limited to the taxpayer MLE (worth about $6.5MM) due to their proximity to the tax line.

The Bulls have used a small portion of their mid-level exception and should still have $7MMish available to spend, but doing so would push them into luxury tax territory, which ownership may be against.

There are some teams that could theoretically open up part or all of their mid-level exception if they’re able to turn reported free agent agreements into sign-and-trades. For example, Ricky Rubio agreed to a three-year, $18.4MM deal with the Cavaliers that will presumably use the MLE, but if Cleveland and Indiana were able to work out a sign-and trade deal involving Rubio, it would free up the Cavs’ mid-level to use on another move.

Grizzlies Signed Vince Williams Jr. To Two-Year, Two-Way Deal

July 3rd, 2022 at 10:59pm CST by JD Shaw

The Grizzlies‘ two-way deal with Vince Williams Jr. covers two years, tweets Michael Scotto of HoopsHype. Edwards, who was drafted No. 47 overall by Memphis last Thursday, averaged 14.1 points per game at VCU last season, shooting 38.7% from three-point range.

Grizzlies Sign Three Draft Picks, Kenneth Lofton Jr.

July 2nd, 2022 at 10:27am CST by Dana Gauruder

The Grizzlies have signed first-round draft picks Jake LaRavia and David Roddy to multi-year contracts, the team tweets.

LaRavia, who played for Wake Forest last season, was acquired by Memphis with the No. 19 overall pick pursuant to a draft-night trade with the Timberwolves. His rookie scale contract, under the latest salary cap, could go four years and can be worth up to $14,763,367.

Roddy, who played for Colorado State last season, was acquired by the Grizzlies with the No. 23 overall pick after a trade with the 76ers. His rookie scale deal can go four years and be worth up to $12,985,886.

The Grizzlies also announced that wing Vince Williams Jr. and big man Kenneth Lofton Jr. have signed two-way contracts (Twitter link).

Williams Jr., the No. 47 overall pick of this year’s draft, was selected to the 2021/22 All-Atlantic 10 First Team during his senior year at VCU.

The Grizzlies’ decision to give Lofton a two-way deal was previously reported. He was named to the All-Conference USA First Team during his sophomore year at Louisiana Tech last season but went undrafted.

With Williams and Lofton on two-way deals, the Grizzlies have waived guard Tyrell Terry, who signed a two-year, two-way contract last season. Terry, drafted by Dallas in 2020, appeared in two games with Memphis in ’21/22.

The Grizzlies still have one unsigned draftee, No. 38 pick Kennedy Chandler. His deal will likely be completed once the July moratorium ends.

Grizzlies Re-Sign Tyus Jones

June 30th, 2022 at 5:24pm CST by Luke Adams

JULY 6: The Grizzlies have officially re-signed Jones, the team announced today in a press release.

JUNE 30: The Grizzlies are re-signing point guard Tyus Jones, according to Adrian Wojnarowski of ESPN (Twitter link). Agent Kevin Bradbury tells Wojnarowski that Jones is signing a two-year, $30MM contract to remain in Memphis.

Jones was expected to draw significant interest from teams in need of help at the point this summer, but many of those teams only had the mid-level exception available. Jones’ new deal with the Grizzlies will be worth significantly more than that.

The NBA’s leader in assist-to-turnover ratio for four straight seasons, Jones has turned the ball over just 326 times in 8,377 career NBA minutes. Besides taking care of the ball and distributing it, the 26-year-old also set career highs in PPG (8.7) and 3PT% (.390) in 2021/22.

Although he has never been a full-time starter for the Grizzlies, Jones plays an important role alongside Ja Morant and provides the team with a solid insurance policy if Morant, who plays at a breakneck pace, continues to deal with injury issues going forward.

Memphis also traded De’Anthony Melton to Philadelphia earlier in the offseason, which could lead to a slightly expanded role for Jones in 2022/23.

Jaren Jackson Jr. Underwent Foot Surgery, Out 4-6 Months

June 30th, 2022 at 4:53pm CST by Rory Maher

Grizzlies big man Jaren Jackson Jr. underwent foot surgery on Wednesday and is expected to miss four-to-six months, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Memphis confirmed the news (via Twitter), noting that Jackson had a stress fracture in his right foot and is expected to make a full recovery, with further updates provided when appropriate.

The optimistic end of Jackson’s estimated recovery timeline would have him returning shortly after next season begins, but the more cautious route would have him potentially missing the first few months.

Jackson, still just 22, led the league in blocks per game (2.3) last season, earning a berth on the All-Defensive First Team for his efforts. Importantly, he also cut his foul rate, which had been an issue earlier in his career.

Jackson appeared in a career-high 78 games (27.3 MPG) for the Grizzlies, averaging 16.3 PPG and 5.8 RPG on .415/.319/.823 shooting.

He’s set to earn $28.95MM in 2022/23 after coming to terms on a four-year, $104.7MM rookie scale extension prior to last season.

Extensions Imminent For Jokic, Booker, Towns, Morant, More

June 30th, 2022 at 3:41pm CST by Rory Maher

Nuggets center Nikola Jokic, Suns guard Devin Booker, Timberwolves big man Karl-Anthony Towns, and Grizzlies guard Ja Morant are all expected to reach verbal agreements with their respective teams on new long-term contract extensions soon after the NBA’s new league year begins tonight, according to Marc Stein (Twitter link).

Pelicans forward Zion Williamson and Cavaliers guard Darius Garland are also “widely expected” to receive extensions this offseason, Stein notes (via Twitter).

Morant, Williamson, and Garland will be eligible for rookie scale extensions, with the exact figures yet to be determined. Rookie scale extensions are available for former first-round picks entering their fourth seasons. The three players’ offers will likely include Rose Rule language that allows them to earn a starting salary of up to 30% of the 2023/24 salary cap (instead of 25%) if they meets certain performance criteria.

Even though Morant, for example, earned an All-NBA spot this year, he would have to make an All-NBA team again next season to qualify for the higher max — the Rose Rule criteria require a player to make All-NBA in either the season before his new contract goes into effect or in two of the three prior seasons.

Williamson’s extension could take a little longer to figure out, given that he’s appeared in just 85 career games and missed all of last season after setbacks following foot surgery last summer. Still, Pelicans executive VP of basketball operations David Griffin said he was “confident” that an agreement would be reached, the only question is how much money will be guaranteed up front.

Jokic, Booker, and Towns will all be eligible for super-max extensions, also known as Designated Veteran Extensions, worth up to 35% of the salary cap. At least one of the following must be a true for a player to be eligible for a Designated Veteran Extension:

He was named to an All-NBA team in the most recent season, or in two of the last three seasons.
He was named NBA MVP in any of the three most recent seasons.
He was named NBA Defensive Player of the Year in the most recent season, or in two of the last three seasons.

Booker and Towns both made All-NBA teams this past season, and Jokic was named the back-to-back MVP in addition to making All-NBA teams the past four seasons.

Trail Blazers guard Damian Lillard is also likely to receive a two-year extension worth in excess of $100MM once the new league year begins, as relayed by Sean Highkin of The Rose Garden Report and Stein (Twitter links).

Free Agent Rumors: Brunson, Oladipo, Ingles, Rockets

June 30th, 2022 at 12:55pm CST by Arthur Hill

Jalen Brunson appears ready to leave the Mavericks and sign with the Knicks for a reported $110MM over four years, but money may not be the only factor, writes Tim Cato of The Athletic. Sources tell Cato that Brunson might not be willing to re-sign with the Mavs even if they agree to match New York’s offer, which has led to pessimism in Dallas about keeping the 25-year-old guard.

Cato adds that as of Tuesday, there’s no indication that the Mavericks are considering making a larger offer to Brunson.

In the same story, Cato examines Dallas’ system for evaluating how much players are worth and explains why the team decided not to offer Brunson a four-year, $55MM extension last summer.

There’s more on the free agent market:

The Kings are expected to be one of the teams reaching out to Victor Oladipo, according to Ian Begley of SNY.tv. Injuries limited Oladipo to eight games during the regular season, but he was part of the rotation during the Heat’s playoff run. Oladipo is looking for a starting position and a salary in the $10MM range, tweets John Gambadoro of Arizona Sports 98.7.
The Grizzlies are interested in Joe Ingles, Begley adds in the same piece. Ingles is rehabbing after his season was ended by a torn ACL in late January.
Rumors have linked the Rockets to several centers in free agency, but Jonathan Feigen of The Houston Chronicle isn’t convinced that it’s a position of need. Second-year center Alperen Sengun is projected to be the starter and the team plans to use a small-ball approach, with no traditional center, for eight to 10 minutes per game. Feigen notes that the Rockets want to be careful with their cap space beyond this season and suggests they may not make a large offer to a free agent this year.