Heat Rumors

12 Two-Way Restricted Free Agents Remain Unsigned

The action on the NBA’s free agent market has slowed since the start of July, but there are still many FAs seeking new deals, including a notable group of under-the-radar players whose situations will need to be resolved in the coming days, weeks, and months.

A total of 12 two-way restricted free agents are still available, as our up-to-date list shows. Those players are as follows:

That group doesn’t include a 13th player, Neemias Queta, who is also a restricted free agent after finishing last season on a two-way deal. Although he remains eligible to sign another two-way contract, Queta was ineligible for a two-way qualifying offer after having played on a two-way with the Kings for consecutive seasons — his QO is a one-year, minimum-salary contract with a small ($75K) partial guarantee.

For the rest of these players, their qualifying offer is simply another one-year, two-way deal, which limits their leverage to negotiate a more lucrative standard contract.

Some two-way RFAs have managed to earn standard deals this offseason. A.J. Green of the Bucks was one. Julian Champagnie of the Spurs was another. Ty Jerome (Warriors) and Jack White (Nuggets) received standard contract offers from the Cavaliers and Thunder, respectively, that their former teams were unwilling to match, so Golden State and Denver simply withdrew their respective qualifying offers, making Jerome and White unrestricted free agents.

Offer sheets for two-way restricted free agents essentially never happen though. And in general, unless a team has earmarked a 15-man roster spot for a two-way free agent, it’s an uphill battle for these players to earn offseason promotions.

As a result, the majority of the dozen restricted free agents listed above will likely end up accepting their qualifying offers and hoping that their play in 2023/24 forces their clubs to find 15-man roster spots for them later in the season.

Still, it’s worth keeping an eye on this group to see if any of them can do better than another two-way — and to see how long some of them might be willing to wait in the hope of earning that opportunity.

Rockets’ Cam Whitmore Named Summer League MVP

Rockets forward Cam Whitmore has been named the Las Vegas Summer League Most Valuable Player, the NBA announced (via Twitter).

The NBA also announced its All-Summer League First and Second Teams, which are as follows (Twitter links):

First Team

Second Team

According to the NBA (Twitter link), Christie and Moon received the same amount of votes, which is why there is an additional backcourt player on the second team.

Whitmore, a projected lottery pick in last month’s draft who fell to Houston at No. 20, averaged 20.4 PPG, 5.6 RPG, 2.2 APG and 3.0 SPG on .465/.293/.625 shooting in his five Vegas Summer League games, per NBA.com.

Houston faces Cleveland at 8 p.m. CT tonight in the Summer League championship game. Both teams are undefeated, holding identical 5-0 records.

Robinson Completes Stellar Summer Showing

  • Orlando Robinson had his two-way contract upgraded to a standard deal at the beginning of the month and it appears to be a prudent move by the Heat. Robinson thrived during Summer League action, as The Miami Herald’s Anthony Chiang notes. Robinson averaged 20.5 points and 8.3 rebounds while shooting 53% from the field. He also showed an improved 3-point shot, making 8-of-21 in six games.

Heat Notes: Lillard, Peterson, Jaquez, C. Butler

Although Heat rookie forward Jaime Jaquez Jr. played in just one full Summer League contest and less than half of a second before being shut down due to a shoulder ailment, Miami already likes what it’s seeing out of the UCLA alum.

Heat general manager Andy Elisburg raved about Jaquez’ fit during an interview on WQAM, as recounted by Ira Winderman of The South Florida Sun Sentinel.

“I think he’s our type of guy,” Elisburg said. “I think he comes from the same kind of ethos that we think we value, with players that we value. He has that kind of competitiveness and the work ethic that you want to see.

“… You’re excited to see what he’s able to do as he takes his game and grows it. At this point in time, he’s got things he does well, things he can do better at. And the great players take the things that they can do better at, and become better at that.”

There’s more out of Miami:

  • Given how pricey the final two years of Damian Lillard‘s contract are, the Heat are currently not particularly inclined to increase their offer for the Trail Blazers point guard, Adrian Wojnarowski of ESPN recently revealed during an interview on the network (Twitter video link via ClutchPoints). “The Miami Heat, the team that is most motivated to trade for Damian Lillard, where he wants to end up, they don’t want to be in a situation where they’re bidding against themselves right now,” Woj said (hat tip to HoopsHype for the transcription). “They look out into the marketplace, they see teams that are – they know the market does not love the idea of paying Damian Lillard a $60MM average at 35 and 36 years old over the last two years of that deal. If this was a contract with two years left, it would be different, perhaps. So there’s no rush for either side to be real aggressive in their conversations with each other.”
  • Drew Peterson, an undrafted combo forward out of USC, has been making waves as a sharpshooter while playing for the Heat’s Summer League club. Anthony Chiang of The Miami Herald wonders if the 6’9″ prospect could become Miami’s latest undrafted diamond-in-the-rough discovery. He will reportedly sign an Exhibit 10 training camp deal with the team. His size and shooting ability already appears to be intriguing the club. “Because he caught on to the team continuity and understood the concept of what we were trying to get accomplished,” assistant coach and Summer League head coach Caron Butler said. “From the spacing standpoint, playing off the other guys, the handlers, catch-and-goes, he’s done a remarkable job with that.” Across his three games with the Heat, Peterson is connecting on 57.1% of his 4.7 long range tries per contest.
  • Butler, an All-Star in his playing days, has unexpectedly fallen in love with coaching, Chiang writes in another Miami Herald story“I didn’t know that I was going to fall in love with the game and the teaching and all those things,” Butler told Chiang. “But it’s something that I just can’t see myself not doing now because of the connection with the players and seeing them get it and the information that you instill in them. That feeling is priceless.” After retiring from the league in 2016, Butler served as a TV analyst, first for the college game with ESPN in 2017, and subsequently for the Lakers, Wizards and the NBA at large with various networks. He joined Erik Spoelstra‘s coaching staff for the 2020/21 season.

Raptors Rumors: Herro, Siakam, Point Guard

The Raptors are among the teams that have conveyed “exploratory” interest in Heat guard Tyler Herro as part of the multi-team trade discussions involving the Trail Blazers and Damian Lillard, league sources tell Michael Scotto of HoopsHype.

Toronto lost Fred VanVleet in free agency, and lottery pick Gradey Dick is just 19 years old and may not be ready for a significant rotation role as a rookie, so it makes sense that the team would be on the lookout for another backcourt player who can make outside shots.

The Raptors’ 33.5% three-point percentage last season ranked 28th in the NBA. The club also possesses the sort of expiring contracts that might appeal more to the Blazers in a Lillard trade than Herro’s four-year deal would.

Here’s more on the Raptors:

  • Given how frequently the Hawks have been frequently linked to Pascal Siakam this offseason, rival executives are curious about how Atlanta might build an offer for the Raptors forward, Scotto says. Dejounte Murray and Bogdan Bogdanovic are currently ineligible to be traded due to recently signed extensions, and Clint Capela likely wouldn’t appeal to a Toronto team that just re-signed Jakob Poeltl. It’s unclear if a package centered around De’Andre Hunter would be strong enough for the Raptors, Scotto notes, especially since the Hawks have limited draft capital to offer after having already traded away multiple future first-round picks.
  • Although the Magic have been rumored as a possible suitor for Siakam, a league source who spoke to Scotto believes that’s more “noise than substance,” since Orlando has Paolo Banchero and Franz Wagner locked into the forward spots and wouldn’t be inclined to move either player.
  • There was some skepticism among league personnel at the Las Vegas Summer League that the Raptors will ultimately trade Siakam, according to Scotto. “Toronto always does the same thing,” one scout told HoopsHype. “They dangle their guys, and then they pull them back.”
  • The Raptors are mulling the possibility of adding another point guard in free agency, per Scotto. The team signed Dennis Schröder, who will presumably replace VanVleet in the starting lineup, but doesn’t have a reliable backup at that spot.

Heat Notes: Dragic, Lillard, Vincent, Smith

In an interview with local media in Slovenia, free agent point guard Goran Dragic revealed he had knee surgery during the 2022/23 season, which is why he was released by the Bulls and only played seven games after he signed with the Bucks, per of Siol.net. Dragic previously said he was dealing with left knee soreness.

I played really well until the middle of the season, then I had problems with a knee injury, so after that, it was kind of all agreed that they would bring Patrick Beverley to Chicago, and I went to Milwaukee. Then I also underwent knee surgery, which until now no one knew,” Dragic said (hat tip to BasketNews.com).

The 37-year-old said he’d like to return to the Heat if he’s able to, writes Lenart.

The main desire is to return to Miami,” Dragic said. “Now everyone is waiting for Damian Lillard to decide where he will go next, so everyone is off to a slow start. When this is known, the movement for the other players will open as well.

We are in talks with a few clubs, but much more will be known in a few days when the news will be released. You will see.”

However, there’s “nothing imminent” on a deal between the Heat and Dragic, a source tells Barry Jackson of The Miami Herald (via Twitter). If a deal were to happen, it would likely be closer to training camp, according to Jackson.

“The Dragon” played seven seasons with Miami from 2014-21, making his lone All-Star appearance in ’17/18. He played 58 total games last season, averaging 6.3 points and 2.6 assists on .421/.359/.689 shooting.

Here’s more out of Miami:

  • As of mid-week, apparently the Trail Blazers had been “unmotivated” to seriously engage with the Heat on a potential Lillard trade, according to Jackson of The Miami Herald (Twitter link). Jackson’s reporting isn’t very surprising. Blazers GM Joe Cronin recently said a deal could take “months,” while other reports have stated there hasn’t been much progress in talks.
  • Appearing on JJ Redick‘s The Old Man and the Three podcast, Gabe Vincent discussed his decision to join the Lakers and leave Miami, as Anthony Chiang of The Miami Herald writes. “It was very difficult,” Vincent said of leaving the Heat. “The relationships that I have with those guys are, to me, lifelong. Even the guys that I played with, to the staff, to the front office. I got to know all of them very well and closely. So it wasn’t an easy decision.” Financial constraints were the obstacle, with Vincent later telling Chiang he’d miss his teammates and will always look back fondly on his time with the organization.
  • Dru Smith is back with the Heat, on his fourth two-way deal in under two years, after finishing last season with the Nets on a two-way contract. He spoke this week about why he keeps ending up in Miami, according to Ira Winderman of The South Florida Sun Sentinel (subscription required). “I think it’s because I’m a good fit,” Smith said. “I think just the way the Heat like to play, the style of basketball they like to play, I think it fits my game well. I think I’m lucky to be here. I’m thankful to have this opportunity again.”

Fischer’s Latest: Washington, Stewart, Hornets, Herro

After Miles Bridges put himself on track for unrestricted free agency in 2024 by accepting his qualifying offer as a restricted free agent last week, the Hornets will probably want to avoid putting P.J. Washington on a similar path, writes Jake Fischer of Yahoo Sports. However, it remains to be seen whether the Hornets and Washington will be able to find common ground on a multiyear deal.

According to Fischer, coming into Summer League, league personnel believed that Washington and the Hornets remained far apart in their discussions on a four-year contract, though there was some optimism they’d come to terms after Summer League.

Marc Stein has reported that Washington is seeking $18MM+ annually, while Fischer previously suggested that the Charlotte forward may be looking for $20MM per year. In his latest article, Fischer says Washington still hasn’t received an offer from the Hornets that matches or exceeds what Isaiah Stewart got on his new extension with Detroit ($15MM in guaranteed money per year; up to $16MM annually with incentives).

Because teams around the NBA are essentially limited to mid-level money at this point, a sign-and-trade would be necessary to get Washington his desired salary from a non-Hornets team. While it’s not clear whether there’s a club out there with serious interest in such a scenario, Fischer says Charlotte would probably prefer a sign-and-trade over Washington accepting his qualifying offer.

Here’s more from Fischer:

  • Before he signed his extension, Stewart had generated more trade inquiries in 2023 than any player on the Pistons‘ roster besides Cade Cunningham, sources tell Fischer. The fact that the big man signed a rookie scale extension so early in the offseason indicates that he’s not going anywhere anytime soon.
  • With the Hornets undergoing an ownership change, there’s a sense in league circles that president of basketball operations Mitch Kupchak and head coach Steve Clifford could be on the hot seat in 2023/24, Fischer writes. Even if the Hornets’ new owners aren’t eager to make an immediate change, Kupchak and Clifford are each entering the final guaranteed year of their respective contracts, Fischer notes, so next offseason might be a logical time to shake things up anyway.
  • According to Fischer, league personnel are optimistic that if Tyler Herro is included in a Damian Lillard trade with the Heat, the Trail Blazers will be able to flip Herro to a third team for at least a first-round pick.
  • In case you missed it, we passed along several notes and rumors from Fischer on Wednesday.

Grizzlies Hiring Away Anthony Carter As Assistant

  • The Grizzlies plan to hire Heat director of player development and assistant coach Anthony Carter to be an assistant in Memphis, league sources tell Drew Hill of The Daily Memphian (Twitter link). A former NBA guard who played 13 years in the league, Carter, 48, helped develop Max Strus and Gabe Vincent, according to Hill. Anthony Chiang of The Miami Herald confirms the news (via Twitter), noting that Carter has been with the Heat for the past five seasons.

Heat To Guarantee Haywood Highsmith’s Contract For 2023/24

The Heat have decided to guarantee Haywood Highsmith‘s $1.9MM contract for the upcoming season, tweets ESPN’s Adrian Wojnarowski. The team faced a July 15 deadline to determine whether to keep Highsmith’s salary on its books.

[RELATED: Early NBA Salary Guarantee Dates For 2023/24]

The 26-year-old forward earned a standard contract with Miami after signing three 10-day deals during the 2021/22 season. He appeared in 54 games last season, making 11 starts and averaging 4.4 points and 3.5 rebounds in 17.9 minutes per night. Highsmith also saw action in 18 playoff games and posted a career-high 18 points in Game 1 of the NBA Finals.

Highsmith signed a two-way contract with the Sixers after going undrafted out of Wheeling University in 2018. He got into just five games with Philadelphia, spending most of his time in the G League, and then played two years in Germany before getting an opportunity with Miami.

Haywood will be an unrestricted free agent next summer, assuming he doesn’t sign an extension after he becomes eligible in March. Miami now has 12 guaranteed contracts, plus a partially guaranteed deal for Orlando Robinson, notes Bobby Marks of ESPN (Twitter link).

Fischer’s Latest: Blazers, Simmons, Payne, McConnell, Fournier

Trail Blazers general manager Joe Cronin didn’t appear to be posturing when he recently commented on the status of Damian Lillard‘s trade request, according to Jake Fischer of Yahoo Sports, who writes that there wasn’t any buzz at Summer League about progress between the Blazers and the Heat on a possible deal.

Based on the way Portland has patiently handled the situation thus far, Fischer believes the process could indeed take months. The Blazers are said to be looking for something in the neighborhood of a Kevin Durant-type return in exchange for Lillard — a couple of very good young players and four first-round picks.

Here’s more from Fischer:

  • The Nets have been linked as a possible third team trade partner in talks between Portland and Miami (with rumored interest in Tyler Herro), but league sources tell Fischer that Brooklyn hasn’t had any serious talks involving Ben Simmons on that front. As Fischer points out, the Nets are surely aware that Simmons’ value has cratered, but they also seem “genuinely intrigued” by pairing a healthy Simmons with a much different roster in 2023/24 after trading Durant and Kyrie Irving.
  • The Suns have been involved in trade talks regarding point guard Cameron Payne, with Phoenix targeting Pacers point guard T.J. McConnell, perhaps in a multi-team deal, Fischer reports. Payne recently had his expiring $6.5MM contract fully guaranteed, while McConnell will earn $18MM over the next two seasons, $13.7MM of which is guaranteed.
  • The Knicks continue to actively explore Evan Fournier trades and are open to multi-team scenarios, sources tell Fischer. Fournier was pulled from New York’s rotation fairly early last season, only appearing in 27 contests and struggling with his shot in limited minutes. The 30-year-old will earn $18.86MM in 2023/24 and has a $19MM team option for ’24/25 that is highly likely to be declined.