- The Heat weren’t able to trade for a draft pick to select DeJon Jarreau, but they wound up with the Houston guard anyway and like what they have seen during Summer League, notes Ira Winderman of The Sun-Sentinel. Jarreau, who may be in contention for one of Miami’s two-way contracts, posted 10 assists in a game this week.
The Mavericks were runners-up to the Heat in the free agency competition for Kyle Lowry, according to Barry Jackson of The Miami Herald. A source tells Jackson that the Mavs were willing to pay what Lowry was seeking and he was intrigued by the possibility of playing in Dallas, but his first choice was to join Jimmy Butler in Miami. Lowry wound up getting $85MM over three years, and joined the Heat in a sign-and-trade.
The Pelicans were also interested in Lowry and were willing to offer $90MM or more for three seasons, Jackson adds. However, Jackson’s source says Lowry didn’t give strong consideration to New Orleans.
There’s more from the Southeast Division:
- The new four-year deal for Pelicans swingman Didi Louzada is valued at about $7.69MM, tweets Andrew Lopez of ESPN. The first two seasons are fully guaranteed and the final two are non-guaranteed. New Orleans held non-Bird rights on Louzada and his contract starts at 120% of the $1.489MM minimum, tweets Bobby Marks of ESPN. Marks notes that the Pelicans still have their entire $9.5MM mid-level exception available, along with a $17.1MM trade exception.
- Longtime Mavericks player J.J. Barea will return to the organization in some capacity, according to Brad Townsend of The Dallas Morning News (Twitter link). The exact role hasn’t been finalized for Barea, who spent 11 of his 14 NBA seasons with the Mavs. “I’m going to be involved, and I’m definitely excited,” said Barea, who served as an unofficial assistant coach in today’s Summer League game.
- Rookie forward Eugene Omoruyi talked to Townsend after signing a two-way contract with the Mavericks on Friday (video link).
The Heat‘s rotation could look pretty thin this season, writes Ira Winderman of The South Florida Sun-Sentinel.
After the main eight-man rotation of Jimmy Butler, Bam Adebayo, Kyle Lowry, Duncan Robinson, Tyler Herro, P.J. Tucker, Markieff Morris, and Dewayne Dedmon, there are a lot of question marks. Victor Oladipo is still recovering from his quad surgery, KZ Okpala has yet to prove himself as ready to play real minutes, and Udonis Haslem‘s status is up in the air.
The ability of at least one of Max Strus, Gabe Vincent, or Omer Yurtseven to break through will be crucial. Strus and Yurtseven have been two of the top performers in Summer League, and the Heat will be hoping their renowned player development program can turn them into immediate contributors.
We have more from around the Southeast Division:
- Magic prize rookie Jalen Suggs will miss the remainder of Summer League with a sprained left thumb, according to a tweet from the team’s PR account. Suggs had an impressive Summer League, averaging 15.3 PPG, 6.3 RPG, 2.3 APG and 1.7 SPG while showcasing impressive scoring and defensive instincts. The move is a precautionary one, so it shouldn’t impact his status for training camp next month.
- ESPN’s Bobby Marks (Instagram video) breaks down the contract signed by Isaiah Todd, the 31st pick in the draft for the Wizards. The four-year, $6.9MM contract will pay Todd $1.5MM in year one, about $600K more than the minimum. The first three years are guaranteed with a $2MM team option in year four. Marks adds it’s likely the team option is declined in year four in order to make Todd a restricted free agent. Keith Smith of Spotrac has the year-by-year breakdown here.
- Barry Jackson of The Miami Herald writes that the Heat, in their offseason dealing, essentially chose the path that would allow them to sign Tucker, rather than keeping Precious Achiuwa and signing someone else (ie. Jeff Green) using the $4.9MM room exception. Jackson adds that Summer League standout Marcus Garrett is a top candidate for one of the Heat’s two two-way contracts.
- Heat big man Udonis Haslem is still deciding what his future holds when he eventually retires from basketball, but is happy to continue his playing career for now, as Winderman writes. Appearing on teammate Duncan Robinson‘s podcast, Haslem said: “Miami is my home, it’s my city. Why not still be a part of what’s going on there and still be able to move the needle and impact and hopefully win more championships?” Haslem added that team ownership has been on his mind for a long time, and that he’s had many conversations with ex-teammate Dwyane Wade on the subject.
The NBA salary cap is somewhat malleable, with various exceptions allowing every team to surpass the $112,414,000 threshold once their cap room is used up. In some cases, teams blow past not only the cap limit, but the luxury-tax line of $136,606,000 as well — the Nets and Warriors, for instance, project to have nine-figure tax bills this season as a result of their spending.
The NBA doesn’t have a “hard cap” by default, which allows clubs like Brooklyn and Golden State to build a significant payroll without violating CBA rules. However, there are certain scenarios in which teams can be hard-capped, as we explain in a glossary entry.
When a club uses the bi-annual exception, acquires a player via sign-and-trade, or uses more than the taxpayer portion of the mid-level exception (three years, starting at $5,890,000), that club will face a hard cap for the remainder of the league year.
When a team becomes hard-capped, it cannot exceed the “tax apron” at any point during the rest of the league year. The tax apron for 2021/22 was set at $143,002,000.
So far, over a third of the teams in the NBA have been willing to hard-cap themselves this offseason. Some teams will have to be aware of that hard cap when they consider any roster move for the rest of the season, but for others it’s just a technicality that won’t affect their plans.
Listed below are the hard-capped teams for the 2021/22 league year, along with how they created a hard cap.
Chicago Bulls
- Acquired Lonzo Ball from Pelicans via sign-and-trade.
- Acquired DeMar DeRozan from Spurs via sign-and-trade.
- Used non-taxpayer mid-level exception on Alex Caruso.
Cleveland Cavaliers
- Acquired Lauri Markkanen from Bulls via sign-and-trade.
Dallas Mavericks
- Used non-taxpayer mid-level exception on Reggie Bullock.
- Used bi-annual exception on Sterling Brown.
Houston Rockets
- Acquired Daniel Theis from Bulls via sign-and-trade.
Miami Heat
- Acquired Kyle Lowry from Raptors via sign-and-trade.
- Used non-taxpayer mid-level exception on P.J. Tucker.
New Orleans Pelicans
- Acquired Devonte’ Graham from Hornets via sign-and-trade.
- Acquired Garrett Temple from Bulls via sign-and-trade.
New York Knicks
- Acquired Evan Fournier from Celtics via sign-and-trade.
Oklahoma City Thunder
- Used non-taxpayer mid-level exception on Jeremiah Robinson-Earl.
San Antonio Spurs
- Acquired Doug McDermott from Pacers via sign-and-trade.
Toronto Raptors
- Used non-taxpayer mid-level exception on Khem Birch.
Washington Wizards
- Acquired Spencer Dinwiddie from Nets via sign-and-trade.
- Used non-taxpayer mid-level exception on Isaiah Todd.
This list, which could continue to grow, will continue to be updated throughout the 2021/22 league year as necessary. It can be found anytime in the “Hoops Rumors Features” menu on the right-hand sidebar of our desktop site, or in the “Features” menu on our mobile site.
- Undrafted rookie guard A.J. Lawson has left the Heat‘s Summer League team to join the Hawks‘ SL roster, tweets Anthony Chiang of The Miami Herald. A report on draft night suggested that Lawson was expected to attend training camp with the Heat, but that no longer seems likely.
Veteran point guard Goran Dragic, who was traded from the Heat to the Raptors in the Kyle Lowry sign-and-trade deal last week, apologized on Monday for comments he made in his home country of Slovenia about the trade, writes Michael Grange of Sportsnet.ca.
A clip that surfaced on Twitter on Monday of Dragic speaking to Slovenian reporters was accompanied by the English caption, “Toronto is not my preferred destination. I have higher ambitions.” While there was some uncertainty about whether something may have been lost in translation, Dragic didn’t claim he was misquoted. He did tell Grange, however, that the context of the quote was missing.
“I was in the center of the city and the journalists were there and I was asked about Toronto and it was basically taken out of context,” Dragic said. “I told them that I had spent seven years in Miami and that would be the preferred destination for me because my family is there and everything, not Toronto.”
Dragic, who is on an expiring $19.5MM contract, was always expected to be part of the Raptors’ return for Lowry after the Heat picked up his team option, but there was speculation for much of last week that he might be flipped to a third team. The Mavericks were frequently mentioned as a potential destination, since Dallas had been on the lookout for a point guard in free agency and joining the Mavs would give Dragic the opportunity to team up with fellow Slovenian Luka Doncic.
It’s still possible Dragic will be moved to the Mavs or another team at some point, but no deal appears imminent, and he told Grange he’s prepared to spend the 2021/22 season in Toronto.
“My message basically, to all Toronto fans, is I would like to apologize,” Dragic said. “It didn’t come out the right way. I know they love their team, and they should be proud, it is one of the best organizations in the NBA. They’ve already won a championship and I didn’t, so what I said, it really was not appropriate.
“… I’ve always been professional. You can ask a bunch of people. Everywhere I’ve played, wherever I’m going to play, I’m going to be professional and do my job,” he continued. “I love basketball, I love to play and I’m going to give 100% wherever I play. Right now I’m (with) Toronto and that’s my main thing to think about.”
Asked during an appearance on 590 The Fan in Toronto about Dragic, Raptors general manager Bobby Webster cautioned that the 35-year-old’s comments were translated to English and he’d want to “get it directly” from the point guard to understand what he meant, Grange writes. Webster also stressed that the Raptors aren’t a rebuilding team looking to jettison veterans.
“We feel like we’re gonna be competitive, we have a core — as we’ve talked about — that’s been around for a while and has won at the highest level as well,” Webster said. “So think that we’ll just give it some time here to see how (Dragic) would fit in and if he likes it here or not. I think he’s a pro and he’s been around a lot and he’s obviously entitled to wanting to make the most of his years as his career comes down here … so I don’t think it’s in any way a slight or anything like that.”
The Lowry sign-and-trade was officially completed on Friday, so it can no longer be expanded to include a third team, but Dragic could be flipped to a new team immediately as long as his salary isn’t aggregated with another player’s in the deal.
After finalizing his new four-year, maximum contract extension over the weekend, All-NBA Heat swingman Jimmy Butler spoke about why he wanted to commit to Miami long-term, according to Anthony Chiang of the Miami Herald.
“They allow me to be me here, love who I am as a person and player,” Butler said of the Heat organization. “Love the guys I have an opportunity to hoop with. I think we’ll be a really good team. We’re consistently getting better, adding the right amount of vets to get over the hump and win a championship. It means everything to me to represent this great organization.”
Butler, who turns 32 in September, said that he wants to finish his career in Miami.
“It’s a place for me,” Butler said. “Teammates allow me to be me. When I’m wrong, they’re going to tell me I’m wrong. When I’m right they still probably tell me I’m wrong. I love them for that. Blessing to play with these guys and [head coach Erik Spoelstra] and [team president] Pat Riley.”
A four-time All-NBA selection, five-time All-Star, and five-time All-Defensive Team member while with the Bulls, Timberwolves and Heat (he did not earn any of these honors with his other NBA team, the Sixers), Butler showed no signs of slowing down during the 2020/21 regular season. He averaged 21.5 PPG on 49.7% shooting from the field and 86.3% from the free-throw line, as well as career-best averages of 7.1 APG, 6.9 RPG, and 2.1 SPG.
There’s more out of the Southeast Division:
- Hornets rookie power forward JT Thor was signed to a four-year deal, with the first two seasons guaranteed, using some of Charlotte’s cap space, reports Bobby Marks of ESPN (Instagram video link). The 18-year-old big man was selected with the No. 37 pick out of Auburn in this year’s draft.
- The young core of the rebuilding Magic – including rookie lottery picks Jalen Suggs and Franz Wagner, along with second-year point guard Cole Anthony – is exhibiting encouraging signs of development during NBA Summer League in Las Vegas, writes Dan Savage of Magic.com. “It’s about them developing camaraderie, and their ability to just tie together and move forward growing together,” new head coach Jamahl Mosley said of the Summer League squad. “Just continuing to build off each other and for each other.”
- After having waived shooting guard Dwayne Bacon this weekend, the Magic project to have an open 15th roster spot, Josh Robbins of The Athletic tweets. Robbins anticipates Orlando will probably leave this final roster spot available in case an opportunity arises for the team to take on an unwanted contract – along with a draft pick – into its sizable trade exception.
- New Wizards starting point guard Spencer Dinwiddie has several intriguing incentives in his three-year, $62MM deal with Washington, as Michael Scotto of HoopsHype details (Twitter link). Dinwiddie will earn a $1.5MM bonus if he plays in 50+ games, $100K if the Wizards win a first-round playoff series, $571K should the Wizards make the Eastern Conference Finals, and $400K if the Wizards qualify for the NBA Finals. As Bobby Marks of ESPN (Instagram video link) first reported, Dinwiddie would net a scant $1 bonus for winning the NBA Finals. Marks added in the same video that the partial guarantee on Dinwiddie’s 2023/24 salary will become fully guaranteed if he plays in 50+ games during the 2022/23 season.
- Jimmy Butler‘s new maximum-salary extension with the Heat will actually be a three-year deal that begins in 2023/24, meaning it’s being tacked onto his 2022/23 player option, according to ESPN’s Bobby Marks (Instagram video). Butler’s salary in ’23/24 will likely be 35% of that year’s cap, so the exact value of his extension isn’t yet known.
- The Heat are taking their usual approach to their two-way contract slots, not filling them right away and instead auditioning several players for those openings. As Ira Winderman of The South Florida Sun Sentinel writes, the next week at the Las Vegas Summer League could go a long way toward determining which players have the leg up for those spots. Javonte Smart, A.J. Lawson, RJ Nembhard, Micah Potter, and Marcus Garrett are expected to be in the mix.
Kyle Lowry‘s new three-year, $85MM contract with the Heat is a standard increasing deal, starting at about $26.98MM and rising annually by 5%, tweets Keith Smith of Spotrac.
Based on Lowry’s 2021/22 salary, we now know the value of the traded player exception the Raptors created in their sign-and-trade deal with the Heat, tweets Blake Murphy of The Athletic. That TPE will be worth $4,832,848, which is the difference between Lowry’s new salary and the combined cap hits of Goran Dragic and Precious Achiuwa.
Murphy also confirms that Khem Birch‘s three-year, $20MM deal with the Raptors is a standard increasing contract with no options or partial guarantees — it eats up about $6.35MM of Toronto’s mid-level exception, leaving $3.187MM on that MLE.
Here are more contract details from around the East, courtesy of Smith:
- As expected, the new deals for Max Strus, Omer Yurtseven, and Gabe Vincent with the Heat are each two-year, minimum-salary contracts with one year guaranteed and the second year non-guaranteed (Twitter link). P.J. Tucker, meanwhile, got a two-year, $14.35MM contract that uses $7MM of Miami’s mid-level exception in year one. Tucker’s second year is a player option (Twitter link).
- Spencer Dinwiddie‘s three-year contract with the Wizards only has a base value of $54MM, rather than the previously-reported total of $60MM+ (Twitter link). The deal, which features unlikely incentives that could push its value higher, has a partial guarantee worth $10MM (of $18.86MM) in year three.
- Georges Niang‘s deal with the Sixers came in at $6.765MM over two years, both of which are fully guaranteed (Twitter link).
- Trae Young‘s five-year, maximum-salary extension with the Hawks includes a 15% trade kicker (Twitter link).
- The numbers are also in for the finalized deals between Jarrett Allen and the Cavaliers (Twitter link), Bobby Portis and the Bucks (Twitter link), George Hill and the Bucks (Twitter link), and Danny Green and the Sixers (Twitter link), with no surprises among that group. As expected, Green’s second year is non-guaranteed and Portis has a second-year player option, while Allen and Hill have fully guaranteed salaries.
New starting Heat point guard Kyle Lowry discussed his expectations for this offseason’s revamped Miami club with media on Friday and Saturday, as Couper Moorhead of Heat.com details.
“On paper it looks great,” Lowry, a 2019 title winner with the Raptors, said of Miami’s new-look roster. “But you have to put the work in on the floor. I don’t ever try to say we can do this, we can do that. At the end of the day you have to go out there, lace ‘em up and do your job. Play defense, put the ball in the hole.”
Miami’s sign-and-trade deal with the Raptors that sent Lowry to the Heat is currently being investigated by the NBA, as the league is cracking down on violations to its anti-tampering stance on free agency.
There’s more out of South Beach:
- In his latest notes roundup, Ira Winderman of the South Florida Sun Sentinel discusses the re-signing of Victor Oladipo, plus the departures of Kendrick Nunn (after the team made him an unrestricted free agent) and Andre Iguodala (after the Heat did not pick up the second year of his contract). Winderman notes that Oladipo, Lowry, and new Heat power forward P.J. Tucker were all potential trade targets for Miami during the 2020/21 season, though Miami was unwilling to part with young players Tyler Herro and Duncan Robinson. Winderman adds that Miami’s decision to move on from Nunn speaks to the team’s preference for Herro, regarded as having higher upside.
- Now that the Heat have inked a two-year minimum deal with center Omer Yurtseven, Ira Winderman of the South Florida Sun Sentinel examines the seven-footer’s fit as with a Miami team hungry to contend. After Yurtseven’s promising NBAGL 2020/21 season for the Oklahoma City Blue, Miami signed him for the rest of the year. He posted encouraging averages of 26 PPG and 13.5 RPG in two California Classic Summer League this year, and ultimately opted to return to Miami.
- Anthony Chiang of the Miami Herald has further details on the NBA’s investigation into the Heat’s Lowry sign-and-trade with the Raptors. Chiang writes that the investigation is most likely being conducted as a result of at least one other NBA team complaining about the expediency of the deal, while Winderman tweets that it’s more about “gun-jumping” than tampering.
- Within Chiang’s story, Bobby Marks of ESPN said the sign-and-trade for Lowry almost certainly won’t be voided. “I would say highly, highly unlikely that the trade will be voided and that Kyle is a free agent all of a sudden,” Marks said. “I think what will happen is if they’re found guilty, there will be some financial penalty and draft picks will be lost here.” Marks anticipates the investigation could last for around two weeks.