- Thanasis Antetokounmpo received a player option in the final year of his two-year contract with the Bucks, Ian Begley of SNY.TV tweets. He signed a two-year deal worth approximately $3.6MM.
1:03pm: The Bucks have officially re-signed Antetokounmpo, the team announced today in a press release.
“Thanasis brings energy, effort and tenacity every minute of every game,” general manager Jon Horst said in a statement. “He’s a valuable part of our team and we’re excited to have him remain in Milwaukee.”
7:55am: The Bucks and free agent forward Thanasis Antetokounmpo have agreed to a new two-year deal, according to ESPN’s Adrian Wojnarowski (via Twitter).
The older brother of Bucks star Giannis Antetokounmpo, Thanasis has spent the last two seasons in Milwaukee and appeared in 57 games for the club in 2020/21, averaging 2.9 PPG and 2.2 RPG in 9.7 minutes per contest.
Prior to the 2019/20 season, the 6’6″ forward had played for a handful of international and G League teams and made a brief NBA cameo for the Knicks during the 2015/16 season, appearing in two games.
The terms of Antetokounmpo’s new deal aren’t known, but a minimum-salary pact seems likely.
As ESPN’s Bobby Marks notes (via Twitter), prior to agreeing to a new contract with Antetokounmpo, Milwaukee had been carrying 12 players on guaranteed contracts and three with partial or non-guarantees (Georgios Kalaitzakis, Elijah Bryant, and Mamadi Diakite). It’s unclear if Antetokounmpo is receiving a full guarantee.
Free agent swingman Lance Stephenson is holding a private workout for NBA teams in Las Vegas on Friday morning, reports Chris Haynes of Yahoo Sports (Twitter link).
According to Haynes, the Bucks, Nuggets, Sixers, and Nets are among the teams expected to have representatives in attendance at the workout.
Stephenson, who has appeared in over 500 regular season NBA games and another 57 playoff contests across nine seasons, hasn’t played in the league since 2018/19, when he made 68 appearances for the Lakers.
In his prime, Stephenson was a secondary scorer and play-maker who provided toughness and defensive versatility on the wing. Despite his two-year absence from the NBA, the 6’6″ guard/forward hasn’t given up on trying to get back into the league and believes he’s still capable of helping teams.
While it remains to be seen whether any of the four teams mentioned above – or any others – will seriously consider bringing Stephenson to training camp, it’s worth noting he was one of the players on Denver’s radar last spring when the club was seeking backcourt help following injuries to Jamal Murray and Will Barton, tweets Mike Singer of The Denver Post. The Nuggets ended up signing Austin Rivers instead.
- The Bucks gave up two second-round picks in the Grayson Allen deal with the Grizzlies. The picks they’re giving up are owed to Milwaukee from previous deals, Chris Herrington of The Daily Memphian tweets. The first of those picks will either the Pacers’ pick or the less favorable of Cavaliers’ or Jazz’s pick in 2024. The second will be conveyed in 2026, the highest of either the Pacers’ or Heat’s pick.
Danny Green, who re-signed with the Sixers on a two-year deal, said most of his other suitors in free agency offered less money or would have needed to work out a sign-and-trade with Philadelphia, according to Rich Hofmann of The Athletic (Twitter link).
Ex-teammates Dwight Howard (Lakers) and George Hill (Bucks) tried to recruit Green to the teams they signed with this summer, Keith Pompey of the Philadelphia Inquirer tweets. However, Tobias Harris and Joel Embiid were also in frequent contact with the veteran guard, urging him to stick with the Sixers, Kyle Neubeck of The Philly Voice tweets.
We have more from the Atlantic Division:
- Former Celtics assistant Jamie Young is joining Doc Rivers’ staff with the Sixers, Derek Bodner of The Athletic tweets. Young spent 21 years with Boston.
- While Nets general manager Sean Marks says he’s mostly done tweaking the team’s roster this offseason, he reserved the right to make more moves, Brian Lewis of The New York Post writes. “We’ve got to continue to tinker with the roster, and just see what happens,” he said. “We’ve seen in the past where other teams make cuts, and so forth, and we’re able to adjust because of that. So I don’t want to say that the roster’s complete: Maybe it’s 90 percent complete, 99 percent complete.”
- Nerlens Noel‘s three-year contract with the Knicks includes $4MM in total incentives. Among those potential incentives is a $750K bonus each time he makes First or Second Team All-Defense, Ian Begley of SNY.TV reports.
2:40pm: Kalaitzakis‘ three-year, minimum-salary deal with the Bucks is currently 50% guaranteed ($462,629) in year one and will become 50% guaranteed ($781,759) for year two if he remains under contract through August 25, 2022, tweets Keith Smith of Spotrac.
12:44pm: The Bucks have officially signed Georgios Kalaitzakis, the last pick in this year’s draft, to his first NBA contract, the team announced today in a press release. According to Eric Nehm of The Athletic (Twitter link), it’s a three-year deal.
A 6’8″ guard/forward from Greece, Kalaitzakis has been under contract with Panathinaikos since 2016, having spent four seasons with the Greek club and one year on loan to Nevezis Kedainiai in Lithuania in 2019/20. The Pacers drafted the 22-year-old with the No. 60 pick on behalf of the Bucks, sending his rights to Milwaukee in a trade involving the No. 31 selection.
Assessing the pick on draft night, ESPN’s Jonathan Givony praised Kalaitzakis’ physical tools, positional versatility, and “terrific” frame, but cautioned that he’s an average decision-maker and shooter whose stock leveled off over the last couple years due to his lack of playing time for Panathinaikos. Kalaitzakis averaged just 2.6 PPG and 1.0 RPG in 27 Greek League and EuroLeague games in 2020/21.
Milwaukee used a portion of its mid-level exception to complete the signing, which allowed the team to offer Kalaitzakis more than just two years. The Bucks, who also used $4MM of their mid-level on George Hill, aren’t hard-capped because they haven’t spent more than the $5.89MM taxpayer portion of the MLE.
Unlike a veteran or undrafted free agent, Kalaitzakis will only count for about $926K for tax purposes, assuming he signed for the rookie minimum, which should help keep the Bucks’ year-end tax bill in check.
The two second-round picks the Bucks sent to the Grizzlies in the Grayson Allen trade were the 2024 and 2026 selections Milwaukee had just acquired from Indiana in a trade for the No. 31 pick, according to RealGM.
In the deal with Indiana, Milwaukee gave up the No. 31 selection in exchange for this year’s Nos. 54 and 60 selections along with those two future second-rounders. The team subsequently flipped the second-rounders to Memphis along with Sam Merrill for Allen.
The upshot is that the Bucks gave up Merrill and the No. 31 pick (Isaiah Todd) in exchange for Allen, the No. 54 pick (Sandro Mamukelashvili), and the No. 60 pick (Georgios Kalaitzakis).
Here’s more from around the East:
- The Pacers officially announced a pair of additions to Rick Carlisle‘s staff, stating in a press release that Jannero Pargo has been hired as a player development assistant and Zach Chu has come aboard as the team’s manager of game strategy and analytics. Pargo spent the last two seasons with Portland, while Chu worked under Carlisle in Dallas.
- 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.
The Pistons‘ three-year deal with Kelly Olynyk has a partial guarantee in year three, with only $3MM of the big man’s $12.2MM salary assured in 2023/24, according to Keith Smith of Spotrac (Twitter link). Detroit also gave Trey Lyles a two-year, $5.125MM deal that includes a second-year team option, Smith adds (Twitter link).
While those contract details are similar to what was reported earlier in free agency, the specifics on the Pistons’ deals for Saben Lee and second-round pick Isaiah Livers didn’t surface until today.
According to Smith (Twitter link), the Pistons used cap space to give Lee a three-year, minimum-salary contract that includes two fully guaranteed years followed by a third-year team option. As for Livers, his new deal with Detroit is also for three years with a third-year team option, tweets Smith. The No. 42 pick got slightly more than the rookie minimum in his first year, followed by the veteran’s minimum in years two and three.
Here’s more from around the Central:
- T.J. McConnell‘s new four-year contract with the Pacers, originally said to be worth $35MM, actually has a base value of $33.6MM and includes some unlikely bonuses, according to Smith (Twitter link). The fourth-year salary of $9.3MM is partially guaranteed for $5MM.
- Contract negotiations between Jarrett Allen and the Cavaliers “never grew contentious,” writes Jason Lloyd of The Athletic. The team always wanted to lock up Allen, and the big man wanted a nine-figure deal, so the five-year, $100MM agreement made both sides happy.
- Eric Nehm of The Athletic explores what role newly-acquired wing Grayson Allen will play for the Bucks in 2021/22, noting that Allen would be in line for more minutes if Donte DiVincenzo, coming off ankle surgery, still has limitations to start the season.
- K.C. Johnson of NBC Sports Chicago explains why the NBA is looking into the Bulls‘ sign-and-trade agreement with Lonzo Ball and what to expect from the investigation.
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.
Mohamed Bamba won’t play for the Magic when Summer League starts on Sunday, but he’s practicing with his teammates in Las Vegas, writes Chris Hays of The Orlando Sentinel. The third-year center got a path to regular minutes for the first time in his career when Orlando unloaded its veteran centers last spring and turned the position over to Bamba and Wendell Carter Jr.
“For me it was no-brainer,” Bamba said of his decision to come to Las Vegas. “We got a new coach, new system, new guys and I just wanted to get well acclimated way before training camp.”
Jamahl Mosley, who has taken over as head coach, said this week that it was encouraging to see Bamba join the team on his own. Bamba said he’s looking forward to playing under Mosley.
“He’s made it clear that my presence (on the floor) is needed, is wanted and it’s just all about getting out there and putting in the right amount of work,” Bamba said. “Practicing with the team only helps the chemistry of the team. Coming out here … I had a choice, either to stay in Orlando and work with the coaches that didn’t come to Summer League or come here and add in these good deposits from the team.”
There’s more from the Southeast Division:
- Free agent forward Kelly Oubre received offers from eight other teams before deciding to sign with the Hornets, tweets Stefan Bondy of The New York Daily News. Oubre’s agent, Torrel Harris of Unique Sports International Management, says the Knicks, Lakers, Clippers, Bucks, Nuggets, Nets, Trail Blazers and Cavaliers all presented offers to Oubre.
- Today marked the guarantee date for Wizards power forward Anthony Gill, tweets Fred Katz of The Athletic. Gill will make $1,517,981 in 2021/22, giving Washington 13 fully guaranteed contracts. That doesn’t include center Daniel Gafford, whose $1,782,621 won’t be guaranteed until the league-wide guarantee date of January 7.
- Wizards Summer League players Cassius Winston, Issuf Sanon and Isaiah Todd have all been placed in the NBA’s health and safety protocols, according to Chase Hughes of NBC Sports Washington (Twitter link). Their replacements include former NBA players Cheick Diallo and Derrick Walton Jr. (Twitter link)