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Bulls Acquire Lonzo Ball Via Sign-And-Trade

August 8th, 2021 at 11:07pm CST by Luke Adams

AUGUST 8: The Bulls have officially acquired Ball, the team announced late on Sunday night in a press release. As expected, the Pelicans acquired Satoransky, Temple, and a future second-round pick in the deal. The future second-rounder is Chicago’s 2024 selection, and New Orleans also received cash considerations.

This transaction continues to be investigated by the NBA due to possible “gun-jumping,” since it’s a complicated sign-and-trade deal that was reported as being done the minute that free agency opened on Monday.

The Pelicans and especially the Bulls may face discipline from the league based on that investigation’s findings. However, the fact that the trade was processed while the probe is ongoing is another sign the NBA isn’t going to disallow it.

Due to base year compensation rules affecting Ball’s new contract, neither the Bulls nor the Pelicans will  create a trade exception in the deal.

AUGUST 2: The Bulls and point guard Lonzo Ball have agreed to a four-year, $85MM deal, Klutch Sports CEO Rich Paul tells Shams Charania of The Athletic (Twitter link). The contract will include a fourth-year player option, according to Michael Scotto of HoopsHype (Twitter link).

Ball is a restricted free agent, but the Bulls and Pelicans will work out a sign-and-trade to get him to Chicago, Paul tells ESPN’s Adrian Wojnarowski (Twitter link).

The Pelicans will receive Tomas Satoransky, Garrett Temple, and a second-round pick from the Bulls in the sign-and-trade agreement, according to Charania (Twitter link).

Temple is a free agent, so he’ll be signed-and-traded as well. He’s getting a three-year contract with the first two years guaranteed, according to David Aldridge of The Athletic, who adds that the deal is expected to be worth about $5MM per year (Twitter links).

It’s a major coup for the Bulls, who have been linked to Ball for the last several months. The team reportedly discussed a trade with the Pelicans at the deadline, but couldn’t reach a deal to land Ball at the time. Now, Chicago is in position to add the former No. 2 overall pick to a starting lineup led by Zach LaVine and Nikola Vucevic.

Ball, 23, had arguably the best season of his career in 2020/21, averaging 14.6 PPG, 5.7 APG, and 4.8 RPG in 55 games (31.8 MPG) and improving his shooting numbers to .414/.378/.781.

His deal is right in line with the four-year deals signed by fellow point guards Fred VanVleet and Malcolm Brogdon in recent free agencies.

While Pelicans stars Zion Williamson and Brandon Ingram expressed a desire to continue playing with Ball, the team’s front office never seemed sold on the idea of making him a long-term cornerstone. Adding Satoransky will give New Orleans some depth at the point, though the team will likely remain in the hunt for another point guard in free agency.

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Pelicans, Hornets Eyeing Lauri Markkanen

August 8th, 2021 at 12:38pm CST by Luke Adams

The Pelicans have displayed interest in restricted free agent forward Lauri Markkanen, sources tell veteran NBA reporter Marc Stein (Twitter link).

As Stein notes, New Orleans just generated a trade exception worth more than $17MM in the team’s three-way trade that sent Steven Adams and Eric Bledsoe to Memphis. That newly-created exception could be used to accommodate a contract worth more than the mid-level for Markkanen.

The Pelicans and Bulls also haven’t officially completed their Lonzo Ball sign-and-trade deal yet, so it’s possible a Markkanen sign-and-trade could be looped into that agreement. However, that’d be more complicated, and the Ball agreement is currently being investigated by the NBA.

The Bulls are believed to be seeking a first-round pick in order to facilitate a Markkanen sign-and-trade, says Stein. The Pelicans can’t use their trade exception to sign Markkanen to an offer sheet, so they’d need Chicago’s cooperation in order to offer him more than the mid-level.

Meanwhile, Jordan Schultz of Bleacher Report says (via Twitter) that the Hornets, who were rumored earlier in the week to be considering an offer sheet for Markkanen, remain in the hunt as a potential “sleeper.” However, that scenario is difficult to envision.

The Hornets have used up their cap room and would almost certainly have to acquire Markkanen via sign-and-trade, as Schultz tweets. Charlotte doesn’t have a trade exception that would work in such a deal and would therefore have to match salaries.

The only salaries on Charlotte’s books that would really make sense as primary matching pieces, given Markkanen’s salary expectations, are Terry Rozier‘s ($17.9MM) or Mason Plumlee‘s ($9.25MM). Rozier is more valuable to the Hornets than he would be to the Bulls, who just agreed to acquire Ball and Alex Caruso. And Charlotte just traded for Plumlee a few days ago to address the team’s hole at center.

It’s possible the Hornets will find a way to get creative and land Markkanen, perhaps using smaller salaries, but it would be a challenge.

Markkanen, meanwhile, continues to explore his options around the NBA in the hopes of joining a new team. He told a Finnish journalist earlier this week that he’s seeking a “fresh start” after four years in Chicago.

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Western Contract Details: Gay, Conley, Graham, Nunn, SGA

August 8th, 2021 at 11:15am CST by Luke Adams

Originally reported as a two-year deal with a second-year player option, Rudy Gay‘s new contract with the Jazz actually covers three years, with a third-year player option, according to Keith Smith of Spotrac (Twitter link). The full three-year value of the contract, which was officially announced on Friday, comes in at about $18.55MM.

Smith has details on several other newly-signed contracts from around the Western Conference, so let’s dive in and round up some of the highlights (all links are courtesy of Smith)…

  • Mike Conley‘s three-year deal with the Jazz includes some unlikely bonuses and has a partial guarantee on year three (Twitter link). The 2023/24 salary of $24.36MM is only guaranteed for $14.32MM.
  • Devonte’ Graham‘s four-year contract with the Pelicans starts at $11MM and features 5% annual raises (Twitter link). The fourth year salary of $12.65MM is only partially guaranteed for $2.85MM.
  • The Lakers used most of their taxpayer mid-level exception to sign Kendrick Nunn (Twitter link). His deal is worth $5MM in 2021/22, with a $5.25MM second-year player option.
  • The Mavericks used the full non-taxpayer mid-level exception to sign Reggie Bullock to a three-year deal worth slightly over $30MM (Twitter link). The contract, which includes a 5% trade bonus, is only guaranteed for $5.45MM (of $10.49MM) in the final year.
  • Shai Gilgeous-Alexander‘s five-year, maximum-salary extension with the Thunder includes a 15% trade kicker (Twitter link).
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Free Agency Didn't Pay Off For Pelicans

August 7th, 2021 at 8:47pm CST by Arthur Hill
  • The Pelicans were hoping to make a splash in free agency, but the results have been disappointing, writes Scott Kushner of NOLA.com. New Orleans was rumored to be in contention for an established point guard such as Chris Paul or Kyle Lowry, but instead the team got rid of three starters with no obvious upgrade in return. Kushner notes that it’s dangerous for a team in the NBA’s second-smallest market with no tradition of success to rely on signing free agents.
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NBA Investigating Lowry, Ball Sign-And-Trades For Possible Tampering

August 7th, 2021 at 1:13pm CST by Luke Adams

The NBA has launched investigations into two of the sign-and-trade deals that were agreed upon early in free agency, according to ESPN’s Adrian Wojnarowski and Ramona Shelburne.

Those two deals are the one that sent Kyle Lowry from the Raptors to the Heat – which was officially announced on Friday – and the one sending Lonzo Ball from the Pelicans to the Bulls, which hasn’t been officially completed yet. The NBA is set to investigate possible violations of its tampering policy.

According to Wojnarowski and Shelburne, the league is expected to look into any contact that may have occurred prior to the opening of the free agency negotiating period on Monday at 5:00pm CT. Both agreements were reported within minutes after the negotiating period began.

It’s an open secret that teams and agents begin free agent discussions before the negotiating period officially starts, but the NBA generally frowns on any deals that blatantly violate those rules. Sign-and-trades receive even more scrutiny since they’re more complex and typically require more time to complete than a typical free agent negotiation, Wojnarowski and Shelburne note.

Last year, for instance, an alleged sign-and-trade agreement involving the Bucks, Kings, and Bogdan Bogdanovic was reported several days before free agency officially began. The league ended up taking away Milwaukee’s 2022 second-round pick after investigating that situation, while Bogdanovic – who claimed he never agreed to terms with the Bucks – landed in Atlanta instead.

We’ll see what the investigation into the Lowry and Ball sign-and-trades turns up this year. It’s unlikely that the league would nix either deal, but fines and/or draft-pick penalties don’t seem out of the question, given the manner in which the deals were publicly reported.

One Monday report outlined the specifics of the Lowry sign-and-trade to the Heat nearly three hours before free agency began, though there was some uncertainty for much of the week about whether the deal would involve more pieces than just Goran Dragic and Precious Achiuwa. Lowry’s commitment to Miami was confirmed just minutes into free agency and his agency announced his destination shortly thereafter.

Ball’s deal with the Bulls was reported literally the minute the negotiating window opened, with the full terms of the trade agreement – including another sign-and-trade involving Garrett Temple – surfacing just seven minutes later.

As Wojnarowski notes (via Twitter), the NBA adopted new anti-tampering measures two years ago, giving the league the power to fine teams for up to $10MM, suspend executives, take away draft picks, or even void deals altogether if proof of tampering is found.

The Bucks’ second-round pick forfeiture is the most significant penalty we’ve seen since then. However, as Wojnarowski and Shelburne point out, the NBA’s decision in that case took into consideration that Bogdanovic didn’t end up signing with Milwaukee, so the league could come down a little harder on Miami and/or Chicago.

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Clippers Acquire No. 51 Pick Brandon Boston From Pelicans

August 7th, 2021 at 12:06pm CST by Arthur Hill

AUGUST 7: The trade is official, according to a press release from the Pelicans.

New Orleans announced that the second-round pick it received in the deal is the Kings’ 2022 second-rounder. However, that pick was top-54 protected when it was initially sent to the Clippers and is unlikely to convey, so the cash included in the deal is the primary return for the Pels.

JULY 29: The Clippers are adding a late-round selection by trading with the Pelicans for the No. 51 pick, tweets Shams Charania of The Athletic. L.A. is using the pick to draft Kentucky guard Brandon Boston Jr.

New Orleans will receive cash and a future second-round choice in return, according to Andrew Lopez of ESPN (Twitter link).

The pick originally belonged to the Grizzlies and was included a trade that was agreed to earlier this week, but can’t be finalized until after the moratorium ends. The Clippers also acquired the No. 33 pick tonight in a trade with the Magic.

Boston, 19, played just one season with the Wildcats, averaging 11.5 points and 4.5 rebounds in 25 games.

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Pelicans Officially Acquire Valanciunas, Graham In Three-Team Trade

August 7th, 2021 at 9:28am CST by Luke Adams

The Pelicans have officially announced a pair of previously–reported trades, having combined their acquisitions of center Jonas Valanciunas and point guard Devonte’ Graham into a single transaction involving both the Grizzlies and Hornets. Memphis and Charlotte have put out press releases as well.

The details of the three-team deal are as follows:

  • To Pelicans:
    • Valanciunas (from Grizzlies)
    • Graham (sign-and-trade; from Hornets)
    • The draft rights to Trey Murphy (No. 17 pick; from Grizzlies)
    • The draft rights to Brandon Boston (No. 51 pick; from Grizzlies)
      • Note: Boston will be rerouted to the Clippers in a subsequent trade.
  • To Grizzlies:
    • Eric Bledsoe (from Pelicans)
    • Steven Adams (from Pelicans)
    • The draft rights to Ziaire Williams (No. 10 pick; from Pelicans)
    • The draft rights to Jared Butler (No. 40 pick; from Pelicans)
      • Note: Butler will be rerouted to the Jazz in a subsequent trade.
    • The Lakers’ 2022 first-round pick (top-10 protected; from Pelicans)
  • To Hornets:
    • Wesley Iwundu (from Pelicans)
    • The Pelicans’ 2022 first-round pick (top-14 protected; from Pelicans)
      • Note: If the Pelicans’ 2022 first-rounder falls in the top 14, the Hornets will instead receive New Orleans’ 2022 and 2024 second-round picks, per Rod Boone of SI.com.
    • Cash (from Pelicans)
    • The draft rights to Tyler Harvey (from Grizzlies)

The details of the three-team trade essentially line up with what was previously reported, with two new pieces added — Iwundu going from New Orleans to Charlotte and Harvey’s draft rights going from Memphis to Charlotte. Harvey was presumably only included to ensure that the Grizzlies and Hornets were “touching,” since otherwise Memphis would only have been exchanging assets with the Pelicans.

Looping their sign-and-trade acquisition of Graham into the trade suggests the Pelicans will operate over the cap, using Bledsoe’s and Adams’ outgoing salaries in order to match both Valanciunas and Graham instead of signing Graham into cap space.

As Bobby Marks of ESPN notes (via Twitter), it also allows New Orleans to generate a $17MM+ trade exception in the deal. Only Bledsoe’s and Iwundu’s outgoing salaries are needed for matching purposes to take on Valanciunas and Graham, meaning the Pelicans’ new TPE is worth Adams’ salary ($17,073,171).

Graham reportedly signed a four-year, $47MM contract with the Pelicans as part of the trade. He and Tomas Satoransky appear set to play the majority of the minutes at point guard in New Orleans, barring further roster changes. The team is sending Lonzo Ball to Chicago in a separate sign-and-trade deal.

Graham made just 37.7% of his field goal attempts in 2020/21, but his three-point mark was a very respectable 37.5%. In addition to his ability to make threes, Graham is an above-average play-maker (6.5 APG over the last two seasons) and a respectable defender.

Swapping out Adams for Valanciunas should allow the Pelicans to improve their frontcourt spacing. Valanciunas isn’t exactly a long-distance marksman, but has a solid mid-range game and will shoot the occasional three-pointer, which should create more room for Zion Williamson to operate. The former No. 5 overall pick averaged an impressive 17.1 PPG and 12.5 RPG with a .592/.368/.773 shooting line in 62 games (28.3 MPG) this past season.

From the Grizzlies’ perspective, the deal was a way to improve their draft assets in both 2021 and 2022 as a result of their willingness to take on Adams’ and Bledsoe’s pricey contracts. The team moved up from No. 17 to No. 10 to snag Williams, and later flipped the No. 40 pick (Butler) to Utah in a separate trade to move up to No. 30 for Santi Aldama.

[RELATED: 2021 NBA Offseason Trades]

The Hornets, meanwhile, decided to move on from Graham and got a protected first-round pick from New Orleans in exchange for waiving their right to match an offer sheet for the restricted free agent. Iwundu’s guaranteed $1.82MM salary for 2021/22 will eat up a small amount of Charlotte’s cap room, but the team will still have enough flexibility to complete its signing of Kelly Oubre to a two-year deal in the range of $12-13MM per year.

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Southwest Notes: Spurs, Batum, Finley, Kerr, Green

August 5th, 2021 at 8:28pm CST by Dana Gauruder

The five-team trade the Spurs are involved in continues a trend of the teamstockpiling draft picks, Tom Orsborn of the San Antonio Express-News notes. The Spurs will gain a 2022 second-round pick along with Chandler Hutchison from the Wizards in the agreed-upon multi-team swap, highlighted by the Lakers’ acquisition of Russell Westbrook. San Antonio is also acquiring three picks – a first-rounder and two second-rounders – in the DeMar DeRozan sign-and-trade with the Bulls.

We have more from the Southwest Division:

  • The Mavericks were among the teams interested in Clippers forward Nicolas Batum before he agreed to re-sign with Los Angeles, Marc Stein of Substack tweets. The Warriors also checked in on Batum before he chose to take a two-year deal with a player option from the Clippers.
  • The Mavericks have officially announced the promotion of Michael Finley to assistant GM/VP of basketball operations, the team’s PR department tweets. Finley will work under new president of basketball operations Nico Harrison in his expanded front office role.
  • Warriors coach Steve Kerr is ecstatic that one of his former assistants, Willie Green, got the Pelicans‘ head coaching job and believes he’ll have little trouble growing into the role, Kerr told William Guillory of The Athletic. “There’s just kind of this quiet dignity and intelligence about him that the players will really appreciate,” Kerr said. “And then I think, like all coaches, he’s going to have to find his voice and find his style. I’m sure he’s going to hire a great staff to help him do that. And he’ll grow into the job, but I think he’ll be fantastic.”
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Free Agency Rumors: R. Jackson, Cavaliers, Suns, Wizards

August 4th, 2021 at 7:39pm CST by Arthur Hill

Reggie Jackson is getting a lot of interest on the free agent market after his strong playoff run, but the Clippers remain hopeful about re-signing him, tweets Jordan Schultz of ESPN.

Jackson, 31, is coming off a strong season and playoff run with the Clippers — he topped 20 points nine times during the playoffs and shot a career-high 43.3% from three-point range last season. Los Angeles holds his Early Bird rights and can offer him a starting salary worth up to nearly $10.4MM.

Money will be a key factor in Jackson’s decision, according to Schultz (via Twitter), who adds that the Pelicans may be a “sleeper team” in the race for the veteran point guard. New Orleans general manager Trajan Langdon is known to be a fan of Jackson.

There’s more news on free agency:

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Pelicans Hire Mike D’Antoni As Coaching Advisor, Jarron Collins As Assistant

August 4th, 2021 at 3:38pm CST by Luke Adams

The Pelicans have reached a deal with veteran coach Mike D’Antoni that will make him a coaching consultant to Willie Green and his staff in 2021/22, sources tell Adrian Wojnarowski of ESPN. The plan is for D’Antoni to periodically spend time with the Pelicans’ coaching staff during Summer League, training camp, and the season, according to Wojnarowski.

Word broke last week that D’Antoni, who spent last season as an assistant on Steve Nash‘s staff in Brooklyn, would be stepping away from his role with the Nets. However, reports at the time indicated that he wasn’t retiring and still hoped to land a head coaching job in the future.

D’Antoni, whose most recent head coaching gig was with the Rockets up until 2020, has coached five different NBA teams and ranks 21st on the league’s all-time list with 672 regular season wins. However, at age 70, he may be running out of time to get another shot. Only two head coaches in NBA history – including current Spurs coach Gregg Popovich – have held that role into their 70s, according to HoopsHype.

Meanwhile, the Pelicans are also hiring Jarron Collins as an assistant coach, according to Christian Clark of NOLA.com. He’ll be the team’s lead assistant, tweets Marc J. Spears of The Undefeated.

Collins spent the last seven years as an assistant in Golden State, but he and the Warriors agreed to part ways in June. Collins, who has received some head coaching interest in recent years, worked with Green from 2016-19 when both men were members of Steve Kerr‘s staff.

The Pelicans have issued a press release confirming the hirings of D’Antoni – whose title is “coaching advisor” – and Collins. The team will also bring back several other assistants, including Fred Vinson, Teresa Weatherspoon, and Casey Hill.

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