- Incoming Timberwolves owners Alex Rodriguez and Marc Lore continue to do the media rounds, speaking to Jon Krawczynski of The Athletic about how their partnership with Glen Taylor will work for the next couple years, and talking to Shams Charania of Stadium (video link) about their commitment to Minnesota.
The Pelicans, Mavericks, Celtics, and Timberwolves are among the teams that have shown interest in Bulls restricted free agent Lauri Markkanen, according to Jake Fischer of Bleacher Report, who hears from sources that the price tag on the power forward would be about $15MM per year.
Landing Markkanen would be a challenge for any of those teams, however, as they’re all over the cap and would have to acquire the RFA forward via sign-and-trade. New Orleans has a traded player exception big enough to fit Markkanen, but the other teams would likely to have rely on salary-matching or offer him a lower salary (Dallas has a TPE worth $10.872MM, while Boston has one worth $9.72MM). Acquiring a player via sign-and-trade also results in a hard cap, which the Celtics are reportedly resisting.
On top of all that, Fischer confirms a previous report that the Bulls are seeking a first-round pick to accommodate a Markkanen sign-and-trade and don’t want to take on any salary, preferring any contracts to be rerouted to a third team. If they maintain that stance, the Bulls would make it very difficult for Markkanen to do anything but accept his $9MM qualifying offer.
“Chicago is playing this masterfully from no other perspective than a contract management standpoint,” a team capologist told Fischer. “It won’t do any favors relationship-wise, but they’re bleeding his market based on their tax situation, and nobody else can offer him any kind of money without them.”
As we wait to see what happens with Markkanen, it’s worth noting that the Hornets – previously rumored to be eyeing the forward – weren’t listed by Fischer as one of the teams in the hunt, and president of basketball operations Mitch Kupchak told reporters today that the team is likely done with its “heavy lifting” this offseason (Twitter link via Rod Boone of SI.com).
Here’s more from Fischer:
- The Sixers, Suns, Trail Blazers, Warriors, Celtics, and Knicks were among the teams that expressed interest in DeMar DeRozan before he reached a deal with the Bulls, per Fischer. However, New York agreed to sign Evan Fournier and most of the other teams would’ve had to figure out complicated sign-and-trade arrangements to accommodate DeRozan, who never really entertained the idea of signing for the mid-level exception, sources tell Fischer.
- The Pelicans and Kings discussed the possibility of swapping Buddy Hield and Josh Hart (via sign-and-trade) as part of New Orleans’ trade with Memphis, Fischer writes. It’s unclear if anything along those lines is still being considered now that the Pelicans’ deal with the Grizzlies has been completed — base year compensation rules would complicate a one-for-one swap.
- The Suns are weighing their options for their final open roster spot and have gauged the trade value of 2020 lottery pick Jalen Smith, sources tell Fischer.
- The Raptors will meet with Goran Dragic‘s camp at Summer League in Las Vegas to further discuss the point guard’s situation, according to Fischer.
- Zach LaVine has told Bulls staffers he’s committed to improving defensively next season, Fischer says.
Timberwolves assistant Joseph Blair, who was serving as the club’s Summer League head coach, has departed his post for an assistant position on Wes Unseld Jr.’s staff with the new-look Wizards, reports Fred Katz of The Athletic (Twitter link).
Jon Krawcyznski of The Athletic tweets that Blair will be replaced at the Las Vegas Summer League by Timberwolves assistant coach Jeff Newton, about to embark on his third season in Minnesota. Newton is officially an offensive associate coach and player development coach with the club.
Krawcyznski opines (Twitter link) that this late loss of Blair is a blow for Minnesota. Blair had been set to help revamp the team’s defense after former Timberwolves assistant David Vanterpool left head coach Chris Finch‘s staff for an opportunity with the Nets.
The Wizards, who were the No. 8 seed in the East during the 2020/21 season, have significantly revamped their roster over the summer.
The team traded point guard Russell Westbrook, wing Chandler Hutchison, and draft equity in an epic five-team deal that netted them point guard Spencer Dinwiddie plus valuable role players Kentavious Caldwell-Pope, Kyle Kuzma, and Montrezl Harrell, as well as an intriguing young reserve point guard in Aaron Holiday and the draft rights to rookie forward Isaiah Todd, the No. 31 selection out of the NBA G League Ignite.
Washington also re-signed reserve point guard Raul Neto and selected Gonzaga swingman Corey Kispert with the No. 15 pick in this year’s draft.
Timberwolves president of basketball operations Gersson Rosas is urging fans to be patient after the team’s slow start to free agency, writes Jon Krawczynski of The Athletic. Minnesota hasn’t made any significant additions since the signing period began on Monday, but Rosas said the plan is to keep the core of the team intact and try to build on the momentum from late last season. The Wolves had a .500 record over their final 22 games.
The Jazz’s free agent moves were designed to make them a more complete playoff team, Tony Jones of The Athletic writes. Signing Rudy Gay in free agency and trading for Eric Paschall will allow Utah to match up better against small-ball lineups. The was something the Jazz struggled with when the Clippers went small against them in the postseason. The Jazz are also looking to sign their own restricted free agent, Trent Forrest, to a two-way deal, according to Jones.
We have more from the Western Conference:
- The Nuggets began their summer league mini-camp on Friday following a COVID-19 related pause, Kyle Frederickson of the Denver Post reports. Denver’s first three practices were canceled due to health and safety protocols after a positive test and subsequent contact tracing.
- Kenyon Martin Sr. is back in the NBA as an assistant coach with the Nuggets’ summer league team, Marc Spears of The Undefeated tweets. He’s hoping to remain in the league in a coaching capacity.
- In a detailed interview with the Timberwolves‘ buyers, Jon Krawczynski of The Athletic tells of how former baseball All-Star Alex Rodriguez and Marc Lore made their deal with Glen Taylor. The transfer of ownership will be gradual process and Lore prefers it that way. “Glen had the team for almost 30 years. We’re thinking similarly,” Lore said. “We’re going to have this team for at least the next 30 years. … We don’t think we have all the answers. We’re not ready, quite frankly, to be making all the decisions right now.”
AUGUST 5: Wright’s two-way contract with the Timberwolves is now official, according to the transactions log at NBA.com. Both of Minnesota’s two-way slots are now full, as our tracker shows.
JULY 30: The Timberwolves will sign a two-way deal with undrafted Colorado guard McKinley Wright IV, writes ESPN’s Adrian Wojnarowski (Twitter link).
The 6’0″ point guard enjoyed four decorated seasons with the Buffaloes. He was a three-time All-Pac-12 selection, a two-time All-Pac-12 Tourney honoree, and a 2020 Pac-12 All-Defensive Team member.
Wright, 22, ranks sixth on ESPN’s list of undrafted prospects. He averaged 15.2 PPG, 5.7 APG, 4.3 RPG and 1.1 SPG in 32 games for the Buffaloes, on .480/.301/.844 shooting during his senior season in 2020/21. Wright started in all but one of his 132 regular season games with the club.
AUGUST 4: Knight’s two-way contract with the Timberwolves is now official, according to NBA.com’s transactions log.
AUGUST 3: The Timberwolves have agreed to a two-way deal with Nathan Knight, reports Michael Scotto of HoopsHype.
Knight, a 6’10” undrafted free agent out of William & Mary, played well in limited minutes for the Hawks last season, showcasing impressive athleticism, motor, and rebounding, and even hitting six of his 33 threes over the course of the year.
Knight averaged 20.9 PPG and nearly 10 RPG in his final two years at William & Mary, and capped off an impressive senior year by being named CAA Player of the Year and CAA Defensive Player of the Year.
According to Darren Wolfson of SKOR North, the Wolves beat out the Thunder and Warriors to land Knight, who will join McKinley Wright IV as the Wolves’ second two-way contract.
Free agent swingman Danny Green has been in contact with the Sixers multiple times over the past two days, according to Harrison Sanford, co-host of Green’s The Green Room podcast (Twitter link).
Sandford said that as of this afternoon, the two sides were nowhere close to a deal, and that the Bucks, Celtics, Bulls and Pelicans have all reached out as well. He adds in a separate tweet that Green has pre-existing relationships with both Ime Udoka of the Celtics and Mike Budenholzer of the Bucks from his time with the Spurs.
We have more free agency rumors:
- The Cavaliers have had some discussions about the possibility of a sign-and-trade for Pelicans restricted free agent forward Josh Hart, sources tell Chris Fedor of Cleveland.com (Twitter link). Without a sign-and-trade agreement, Cleveland would be limited to offering Hart the full mid-level exception, which New Orleans would presumably match.
- Alex Caruso agreed to sign with the Bulls for four years, $37MM, and according to Zach Lowe of ESPN (hat tip to RealGM), the Lakers‘ offer to keep him was nowhere close to what was offered by Chicago. Ramona Shelburne added that – before Caruso agreed to his deal with the Bulls – the Timberwolves inquired about acquiring him in a sign-and-trade that would have included Marc Gasol, but didn’t have any luck.
- According to K.C. Johnson of NBC Sports Chicago (Twitter link), Bulls general manager Marc Eversley was crucial in securing a commitment from DeMar DeRozan, as the two had a long-standing relationship from when Eversley was the assistant general manager for the Raptors. The Bulls’ GM flew to Los Angeles to meet with DeRozan in person and had a “fruitful” two-hour meeting, per Marc J. Spears of The Undefeated (Twitter link).
Derrick Rose had received interest from the Pelicans, Wizards, Bulls, and Heat before re-signing with the Knicks, write Jeff Zillgitt and Mark Medina of USA Today. The USA Today adds that Kyle Lowry signing with the Heat helped usher Rose back to the Knicks and coach Tom Thibodeau. Rose agreed to a three-year, $43MM deal on Monday.
In the same piece, Zillgitt and Medina write that five other teams considered signing Nemanja Bjelica with their mid-level exception, but Bjelica prioritized signing with the Warriors instead. Bjelica agreed to a one-year deal for the veteran’s minimum earlier today.
We have more free agency rumors:
- The Suns have two or three roster spots available, and according to John Gambadoro of Arizona Sports 98.7 FM, they expect to fill those spots with another big man, a ball-handler, and a wing. Gambadoro adds that JaVale McGee‘s agreed-upon deal will use part of the non-tax payer mid-level exception, leaving the remainder for another move.
- Darren Wolfson of SKOR North reports that the Timberwolves have met with RFA Jarred Vanderbilt. The 6’9 power forward is coming off his best season as a pro, averaging 5.4 PPG, 5.8 RPG and 1.2 APG and providing an interesting blend of defense and play-making from the forward spot.
- Georges Niang may be on the Sixers‘ radar as a backup power forward, tweets Keith Pompey of the Philadelphia Inquirer. Niang has had a productive last three years for the Jazz, and would give the Sixers another shooter in the frontcourt.
- Dennis Schröder was seeking $25MM a year when free agency started, according to Marc Berman of The New York Post. Now that Schröder is one of the last point guards left on the market, it’s unclear how much that number has come down.
A sign-and-trade deal that sends DeMar DeRozan to the Bulls remains a possibility for the veteran free agent wing, league sources tell Marc Stein (Twitter link). Chicago has previously been mentioned as a possible suitor for DeRozan, and Stein’s report suggests the team remains interested even after reaching agreements with Lonzo Ball and Alex Caruso.
A Monday report from Brian Windhorst of ESPN suggested that a double sign-and-trade sending DeRozan to the Bulls and Lauri Markkanen to the Spurs could be one possibility that the two sides would explore. Chicago also expiring contracts belonging to Thaddeus Young ($14.19MM) and Al-Farouq Aminu ($10.18MM), both of which would theoretically make for good salary-matching pieces.
Here are a few more rumors related to free agency:
- As Spencer Dinwiddie and the Wizards continue to work toward a possible agreement that would land the point guard in D.C., Jake Fischer of Bleacher Report says (via Twitter) that Washington has begun exploring the possibility of trading Chandler Hutchison and a second-round pick as part of a potential sign-and-trade deal for Dinwiddie.
- Jordan McLaughlin and his camp are optimistic about reaching a new multiyear contract agreement with the Timberwolves, according to Chris Hine of The Star Tribune (Twitter link). McLaughlin, a restricted free agent, met face-to-face with the Wolves when free agency opened on Monday, tweets Darren Wolfson of 5 Eyewitness News.
- The Knicks are expected to re-sign Derrick Rose using his Early Bird rights, which means they can keep his smaller cap hold on their books for now and then eventually go over the cap to complete his deal, tweets Steve Popper of Newsday. Popper estimates that New York could still have upwards of $9MM in cap room to work with, or even more if the team waives Luca Vildoza‘s non-guaranteed salary.
- The Heat had interest in Rudy Gay, but weren’t going to match Utah’s two-year, $12MM offer, preferring to commit most of their mid-level to a strong defensive player in P.J. Tucker, tweets Barry Jackson of The Miami Herald.