New Orleans Pelicans Rumors | Hoops Rumors

Pelicans Sign Yves Missi To Rookie Scale Contract

July 8th, 2024 at 4:14pm CST by Dana Gauruder

The Pelicans have signed first-round pick Yves Missi to a rookie scale contract, according to the NBA transactions log. The Pelicans confirmed the signing via a press release.

Missi, a big man out of Baylor, was the 21st pick of the draft. Assuming he received the maximum 120% of this year’s rookie scale salaries, Missi will make $3,193,200 in his first season. He can earn a total of $15,654,827 over the next four seasons.

Rookie scale contracts are guaranteed for the first two years, with team options on the third and fourth years.

In his lone college season, Missi averaged 10.7 points, 5.6 rebounds and 1.5 blocks in 22.9 minutes per game while appearing in 34 contests, including 32 starts.

With the departure of Jonas Valanciunas, Missi has an opportunity to earn minutes in his rookie campaign.

Daniel Theis Signs With Pelicans

July 8th, 2024 at 10:48am CST by Arthur Hill

JULY 9: Theis’ deal with New Orleans is now official, according to the NBA’s transaction log.

JULY 8: Free agent center Daniel Theis will join the Pelicans on a one-year contract, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

His salary will be roughly $3MM, according to Kelly Iko of The Athletic (Twitter link). That suggests it’s probably a minimum-salary deal, which would be worth $2,800,834.

The well-traveled big man will provide an inside presence for a New Orleans team that just lost Jonas Valanciunas, who was shipped to Washington in a sign-and-trade deal. Theis could be in contention for a starting spot, depending on how the Pelicans fill out the rest of their roster.

New Orleans will be the sixth team for Theis, who averaged 6.3 points, 4.1 rebounds and 1.0 assists in 59 games with the Clippers last season. He signed with L.A. in mid-November after being waived by Indiana.

Theis, 32, began his career with Boston in 2017. He also had short stays with Chicago and Houston, along with a return to the Celtics late in the 2021/22 season.

Theis was one of the stars of the German team that went undefeated while winning the gold medal at the 2023 FIBA World Cup. He will represent Germany again at this year’s Summer Olympics.

Contract Details: George, Martin, Wiseman, Isaac, Hield, More

July 8th, 2024 at 6:49am CST by Luke Adams

Following the end of the July moratorium on Saturday, teams wasted no time in officially finalizing many of the contracts they’d agreed to up until that point.

Now that those contracts have been completed, we have the official details on many of them. Here, via several reporters – including Keith Smith of Spotrac, Michael Scotto of HoopsHype, and cap expert Yossi Gozlan – as well as our own sources, are some of those notable details:

Players with trade kickers:

Lakers forward LeBron James (15%), Knicks forward OG Anunoby (15%), Sixers forward Paul George (15%), Sixers forward Caleb Martin (15%), Mavericks sharpshooter Klay Thompson (15%), and Mavericks forward Naji Marshall (5%) received trade kickers on their new free agent deals, while Celtics guard Derrick White (15%) got one on his contract extension.

As an aside, James’ exact starting salary in 2024/25 is $48,728,845, which is $1,258,873 below the maximum he could have earned.

Players who waived their right to veto a trade:

A player who re-signs with his team on a one-year contract (or two-year contract with a second-year option) is typically awarded the right to veto a trade, but has the option to waive that option.

Heat center Thomas Bryant, Rockets guard Aaron Holiday, Raptors wing Garrett Temple, and Magic teammates Gary Harris and Moritz Wagner all surrendered their right to veto a trade in 2024/25 and could be moved freely.

Unlikely incentives:

Nets center Nic Claxton ($97MM base + $3MM incentives), Pacers forward Obi Toppin ($58MM +$2MM), Suns forward Royce O’Neale ($42MM +$2MM), and Sixers forward Martin ($35,040,704 + $5,256,106) are among the players whose contracts include unlikely bonuses that would boost the total guaranteed salary if those incentives are reached.

As cap expert Albert Nahmad observes, the structure of Martin’s contract helped the 76ers maximize their cap room, since his unlikely incentives don’t count toward the cap once he signs.

It wouldn’t surprise me if Martin’s “unlikely” incentives are easier to earn than a typical player’s incentives would be — I don’t expect them to be for making an All-Star team or anything like that. An incentive is considered unlikely for cap purposes if the player wouldn’t have met the criteria the year before. For example, as Nahmad suggests, a bonus related to Martin making 24 or more starts would be considered unlikely because he started 23 games last season. Martin’s bonuses – considered “unlikely” for cap purposes but perhaps “likely” to be earned in reality – could have served as a way to strengthen the Sixers’ offer without sacrificing that extra cap room.

It’s also worth noting that a player’s unlikely incentives can’t exceed 15% of his guaranteed base salary, and Martin’s $5,256,106 in incentives represent exactly 15% of his overall $35,040,704 salary.

Partial or non-guarantees and options:

James Wiseman‘s two-year, minimum-salary contract with the Pacers is guaranteed for $500K in year one, with a team option for 2025/26. That team option would be guaranteed for $569,041 if exercised (ie. the same percentage as his first-year salary).

Luka Garza got a similarly structured two-year, minimum-salary deal with the Timberwolves, except his first year is fully guaranteed prior to his second-year team option. That 2025/26 option would be guaranteed if picked up.

As previously reported, Isaiah Hartenstein‘s three-year, $87MM deal with the Thunder includes a team option for 2026/27. It’s worth $28.5MM, with $58.5MM in guaranteed money across the first two seasons.

Magic teammates Harris ($7.5MM) and Wagner ($11MM) each have second-year team options on their two-year deals.

The Rockets used their full bi-annual exception to give Holiday a two-year deal worth $9,569,400 that includes a second-year team option ($4,901,400).

Neemias Queta‘s three-year, minimum-salary contract with the Celtics is fully guaranteed in year one with a partial guarantee of exactly 50% ($1,174,789 of $2,349,578) in year two, plus a third-year team option for 2026/27. The third-year option ($2,667,944) would be guaranteed for 50% ($1,333,972) if exercised. Since his minimum deal covers more than two years, a team wouldn’t be able to acquire Queta via the minimum salary exception if he’s traded down the road.

Jonathan Isaac‘s new long-term deal with the Magic is partially guaranteed ($8MM of $14MM) in 2026/27, with non-guaranteed salaries of $14.5MM in 2027/28 and $15MM in 2028/29. However, each of those salaries would become fully guaranteed if Isaac plays at least 52 games in the prior season. For instance, if Isaac were to appear in 54 games in 2026/27, his $14.5MM salary for ’27/28 would be fully guaranteed.

Sign-and-trade contracts:

Interestingly, Kyle Anderson‘s and Buddy Hield‘s new contracts with the Warriors have the exact same salaries for the first three seasons: $8,780,488, $9,219,512, and $9,658,536. Anderson’s three-year deal is fully guaranteed for the first two years and non-guaranteed in year three.

As for Hield, his four-year contract is fully guaranteed for the first two years, with a partial guarantee of $3MM for year three. His fourth year is a $10,097,560 player option that would be partially guaranteed for $3,136,364 if exercised.

Klay Thompson’s three-year contract with the Mavericks comes in at exactly $50MM, as reported — it starts at $15,873,016 and features 5% annual raises.

Jonas Valanciunas‘ three-year contract with the Wizards is worth $30,295,000 in total, beginning at $9.9MM (which is the amount of the trade exception generated for the Pelicans). It’s fully guaranteed for the first two seasons and non-guaranteed in year three.

Cody Zeller got a three-year, $11,025,000 deal in the sign-and-trade that sent him from New Orleans to the Hawks. The first year is guaranteed for $3.5MM, with two non-guaranteed seasons after that.

Finally, as part of the Mikal Bridges trade, new Nets guard Shake Milton got a three-year, $9,162,405 contract that has a guaranteed first-year salary of $2,875,000, with two non-guaranteed years after that ($3MM in 2025/26 and $3,287,406 in ’26/27). His teammate Mamadi Diakite, who was also sent to Brooklyn in the trade, had his $2,273,252 salary partially guaranteed for $1,392,150.

Milton’s $2,875,000 salary, Diakite’s $1,392,150 partial guarantee, and Bojan Bogdanovic‘s $19,032,850 salary add up to $23.3MM, which is equivalent to Bridges’ salary — the exact amount of outgoing salary the Knicks needed to send to avoid being hard-capped at the first tax apron.

Hawks Trade Dejounte Murray To Pelicans

July 6th, 2024 at 6:37pm CST by Tristan Tucker

JULY 6: The trade sending Murray to the Pelicans is now official, according to press releases from both teams.

“Dejounte is among the best two-way guards in the NBA and adds another dimension to our team, and we could not be more excited to welcome him and his family to New Orleans,” Pelicans head of basketball operations David Griffin said within New Orleans’ announcement.

Cody Zeller was signed-and-traded to Atlanta as part of the deal for salary-matching purposes. His exact contract details have yet to be reported, but ESPN’s Bobby Marks (Twitter link) says the veteran center will earn in excess of $3MM in 2024/25. The contract must be for at least three years, though only the first season needs to be guaranteed.

Zeller’s inclusion means Murray can earn his full $12MM trade bonus.

The 2027 pick going to Atlanta, which will be the least favorable of the Bucks’ and Pelicans’ first-rounders, is top-four protected.

JUNE 28: The Hawks are trading guard Dejounte Murray to the Pelicans, according to ESPN’s Adrian Wojnarowski (Twitter link).

In exchange for Murray, the Pelicans are sending forward Larry Nance Jr., 2022 No. 8 overall pick Dyson Daniels, and two first-round picks to Atlanta, Shams Charania of The Athletic reports (Twitter links). Forward E.J. Liddell will also head to the Hawks in the deal, per Christian Clark of NOLA.com (Twitter link).

According to Wojnarowski (Twitter link), the picks the Pelicans are sending the Hawks in the deal are the Lakers’ 2025 first-round selection and a 2027 first-rounder, which will be the least favorable of the Bucks’ and Pelicans’ picks.

The Hawks originally acquired Murray from the Spurs in 2022 to pair him with star guard Trae Young. Atlanta sacrificed several draft assets – including its own unprotected 2025 and 2027 first-round picks and an unprotected 2026 first-round swap – to give Young a running mate in the backcourt, but the duo never really thrived as hoped.

While Murray was individually solid — averaging 21.5 points per game across 152 appearances with Atlanta over two seasons — the Hawks floundered as a team. Atlanta went 77-87 in Murray’s two years with the team and made the playoffs just once, losing in the first round to Boston in 2023. The Hawks were eliminated in the first play-in game this spring.

With the Hawks struggling at the midpoint of the 2023/24 season, Murray’s name began to come up in trade conversations ahead of the deadline. The Lakers were among the potential destinations mentioned most frequently, but the Hawks opted to not move him at that time.

For the Pelicans, this trade signals they’re looking to continue to climb the Western Conference standings after making the playoffs this season. Murray will provide added offense for a team that went 2-14 in close games last season, and Christian Clark of NOLA.com (Twitter link) says New Orleans believes he and CJ McCollum can coexist. McCollum thrived in an off-ball role last season, Clark notes.

As Wojnarowski reports (Twitter link), the Pelicans are still trying to come to terms on a middle ground with Brandon Ingram on a contract extension. Ingram’s name has frequently come up in trade rumors this offseason, with the expectation being that he’ll end up on the trade block if he and New Orleans don’t agree to an extension. Multiple reports have indicated that the Pelicans don’t intend to offer the forward another maximum-salary deal as he enters the final year of his current max contract.

Once this deal for Murray is completed, the Pelicans will find themselves just $4.7MM under the luxury tax line for 11 players, tweets cap expert Yossi Gozlan. They’ve never paid the luxury tax before and will need frontcourt depth, with just Zion Williamson, Jeremiah Robinson-Earl, and rookie Yves Missi as options for those spots, so it’s safe to assume more moves are coming, including possibly something involving Ingram.

As for the Hawks, trading Murray is a clear signal they’re willing to hear offers on most of their players. Jake Fischer of Yahoo Sports reported this morning that everyone on the roster except for Jalen Johnson and Zaccharie Risacher are on the table. That list of trade candidates – which features veterans like Clint Capela and De’Andre Hunter – could also include Young, though there was an expectation that Atlanta would likely just trade one of him or Murray — not necessarily both.

Young, like Murray, has been brought up in trade rumors since the start of the offseason and it sounds like the Hawks have at least entertained offers for their three-time All-Star. We’ll likely get more clarity on both Ingram and Young’s situations with the Pelicans and Hawks in the coming days.

Assuming New Orleans and Atlanta complete this deal as reported, with no pieces added and no other teams involved, the Pelicans will be hard-capped at the $178.7MM first apron for the 2024/25, ESPN’s Bobby Marks tweets, since they’re taking back more salary than they’re sending out.

The Pelicans and Hawks will also have to take into account Murray’s trade bonus, which had been the largest in the NBA — it’s worth over $12MM, tweets Marks. It will be spread out across three seasons, starting in 2024/25, increasing the guard’s cap hits by approximately $4MM per season. So instead of counting for $25.27MM toward the cap in 2024/25, he’ll have a cap hit of $29.27MM. The trade bonus bump isn’t applied to his player option year in 2027/28.

While the Pelicans must take on Murray’s larger cap hits, the Hawks will be responsible for paying the bonus, Marks notes. There’s also a possibility that Murray will agree to waive some or all of his trade bonus, which would make salary-matching simpler. If he gets his full bonus, the Pelicans will likely need to add more salary for matching purposes.

After sending AJ Griffin to Houston, the Hawks will save some more money in this deal as they acquire Nance’s expiring $11.21MM deal, Daniels’ rookie scale contract ($6.06MM in 2024/25), and Liddell’s minimum-salary pact ($2.12MM). According to Marks (Twitter link), the team’s salary now projects to be about $5.5MM below the luxury tax line with 14 players under contract.

Atlanta will hold team options on both Daniels and Liddell for the 2025/26 season.

Luke Adams contributed to this story.

Scotto’s Latest: Beasley, Hield, Nuggets, Martin, Pelicans, Mavs, Cavs

July 5th, 2024 at 10:32pm CST by Luke Adams

Coming off a season in which he made a career-high 41.3% of his three-point attempts, free agent swingman Malik Beasley was considered the Mavericks‘ Plan B for outside shooting help if they were unable to land Klay Thompson, reports Michael Scotto of HoopsHype.

With Dallas no longer in the mix for Beasley, the 27-year-old sharpshooter is receiving interest from the Pelicans, who like the idea of having him stretching the floor alongside Zion Williamson, league sources tell Scotto.

Meanwhile, the Pistons “flirted” with potentially offering Buddy Hield a one-year contract and have considered doing the same for Beasley, Scotto writes, but for now Detroit wants to keep its salary cap space open for trade purposes, since the team is well positioned to take on an unwanted contract or two and receive draft assets for its trouble.

Here’s more from Scotto:

The Nuggets and Heat were among the teams to express interest in Hield before he agreed to join the Warriors, per Scotto. However, neither team could realistically match the $8.7MM starting salary Hield got from Golden State. Denver is shopping in free agency with its $5.2MM taxpayer mid-level exception in the hopes of adding a player who can help fill the Kentavious Caldwell-Pope-sized hole in the team’s rotation, Scotto notes.
When he declined his $7.1MM player option with Miami, Caleb Martin was hoping for a deal worth at least the full mid-level exception ($12.9MM) and possibly more than that, sources tell HoopsHype, but nothing has materialized so far. The Sixers are among the teams with interest in Martin, but his asking price would have to drop for that to be realistic, according to Scotto.
While the Pelicans continue to peruse the trade market for centers – with Wendell Carter of the Magic among the targets on their radar – veteran big man Daniel Theis has been linked to New Orleans as a possible cheaper option in free agency, Scotto writes.
The Mavericks, in the market for one more guard, have considered a possible reunion with Spencer Dinwiddie or Dennis Smith Jr., according to Scotto, who hears that Malachi Flynn is another playing Dallas is considering if Dinwiddie and Smith end up elsewhere.
Johnnie Bryant (Knicks), Jared Dudley (Mavericks), and Trevor Hendry (Nets) are among the coaches the Cavaliers are eyeing as possible assistants for Kenny Atkinson‘s staff, Scotto reports. Bryant was close with Donovan Mitchell from their days in Utah together, while Dudley and Hendry were with Atkinson in Brooklyn (Dudley as a player, Hendry as a staffer).

Stein’s Latest: Ingram, Bridges, Cavs, Mavs, Westbrook

July 4th, 2024 at 3:45pm CST by Rory Maher

The Pelicans have “intensified” their efforts to trade Brandon Ingram in the past few days, league sources tell Marc Stein (Substack link).

Apparently the desire for a deal is mutual, as Ingram is disappointed that New Orleans has been unwilling to offer him a lucrative long-term extension. Stein hears that Ingram’s representatives have been looking at trade options.

Aside from moving Ingram, the Pels are focused on trying to sign Trey Murphy to a rookie scale extension, Stein writes. They’re also looking for depth up front after Jonas Valanciunas agreed to a three-year deal with Washington.

According to Stein, the Kings, who have explored trading for several forwards, are one potential suitor for Ingram.

Here’s more from Stein’s latest rumor round up:

The Cavaliers have been described as a “team to watch” in a possible sign-and-trade for Hornets forward Miles Bridges, though Stein isn’t sure how serious Cleveland’s interest is. Bridges is “known to be interested” in sign-and-trade scenarios, Stein adds.
The Mavericks are “sure to re-sign” free agent forward Markieff Morris, according to Stein, who says Dallas is also looking for minimum-salary backcourt depth. Morris hinted at returning to the Mavs on Wednesday.
Sources tell Stein the Mavericks offered Derrick Jones the same three-year, $27MM contract that Naji Marshall accepted, but evidently Jones was looking to maximize his earnings, which is why he agreed to a three-year, $30MM deal with the Clippers. Stein hears the Mavs weren’t sure how much money Jones would command and were wary of a bidding war, which is why they switched their attention to Marshall, a player they like.
According to Stein, the Nuggets continue to show the “most tangible” interest in Clippers guard Russell Westbrook, who is considered likely to be on another team to open the 2024/25 season.

FA/Trade Rumors: Sixers, Heat, DeRozan, Warriors, Markkanen, Lakers, More

July 3rd, 2024 at 2:14pm CST by Luke Adams

Signs are pointing toward Paul Reed being traded or waived rather than returning to the Sixers, according to Keith Pompey of The Philadelphia Inquirer, who notes that waiving Reed or using his pseudo-expiring $7.7MM contract as a trade chip would allow the team to maximize its cap room. Pompey adds that Philadelphia has had discussions with free agent forward Haywood Highsmith, while Barry Jackson of The Miami Herald tweets that the 76ers have also “poked around” on Caleb Martin.

Although the Heat remain in the mix for both of their free agents and could technically make Martin and Highsmith big offers, they’ve told people they don’t intend to surpass the second tax apron due to the roster-building restrictions that second-apron teams face, says Jackson (Twitter link). That limits Miami’s ability to make a competitive offer to either player.

Despite the Heat’s financial restrictions, Jovan Buha of The Athletic has heard from league sources that Miami is viewed as the “slight” favorite to land DeMar DeRozan. The team doesn’t have the spending flexibility to make it work without additional moves, but DeRozan likes the idea of playing for the Heat and the two sides have remained in touch, tweets Jackson.

Here are a few more rumors and notes related to the trade and free agent markets:

The Warriors and Spurs are considered the most serious suitors for Jazz forward Lauri Markkanen, according to Chris Haynes of Bleacher Report (video link), who says Golden State has been the most aggressive team in its pursuit of Markkanen.
Appearing on SportsCenter on ESPN (Twitter video link), Adrian Wojnarowski said the Lakers aren’t interested in using their tradable draft picks just to move off contracts, but would be open to including draft assets for a quality player. However, they’re not pursuing a deal for a high-salary impact player, since they’re skeptical the three-star model is feasible under the new CBA, Wojnarowski explains.
While a report on Monday suggested the Nets are open to reuniting with Lakers guard D’Angelo Russell, sources tell Brian Lewis of The New York Post that’s not expected to happen.
In an appearance on Sactown Sports 1140 (YouTube link), Sam Amick of The Athletic said that he’s skeptical the Kings will land Markkanen or Pelicans forward Brandon Ingram, noting that Sacramento still appears to be taking a hard line in its desire to keep Keegan Murray off the table in trade talks. “I don’t know how long the list of guys is that they would give Keegan up for, but it’s not anybody currently available on the market,” Amick said.

Scotto’s Latest: Markkanen, Achiuwa, Knicks, Kessler, Vucevic, Sixers

July 2nd, 2024 at 3:57pm CST by Luke Adams

The expectation around the NBA, according to Michael Scotto of HoopsHype, is that the Jazz will only seriously consider trading Lauri Markkanen if they receive a huge offer similar in value to the one Brooklyn got for Mikal Bridges, which included four unprotected first-round picks, an unprotected first-round swap, and one more lightly protected first-rounder.

The decision on Markkanen is viewed as an inflection point for the Jazz, who could accelerate their timeline by trying to find another star to join him in Utah or extend their timeline by moving the star forward and continuing to stockpile assets ahead of a loaded 2025 draft.

In addition to confirming the four teams previously reported to have interest in Markkanen (the Warriors, Spurs, Kings, and Timberwolves), Scotto adds the Pelicans to the list of potential suitors for the star forward. However, he says New Orleans has been reluctant to discuss valuable young role players like Trey Murphy and Herbert Jones.

Brandon Ingram, the most obvious trade candidate on the Pelicans’ roster, wouldn’t be a logical target for Utah in a Markkanen trade. New Orleans is including a pair of first-round picks in its deal for Dejounte Murray but could still offer as many as four first-rounders (2025, 2027, 2029, and 2031) in a package for a player like Markkanen.

Here’s more from Scotto:

Unrestricted free agent Precious Achiuwa – who is drawing interest from multiple contenders, per Ian Begley of SNY.tv – liked playing in New York and remains open to re-signing with the Knicks, Scotto writes. The Knicks’ search for help at center has also involved making trade calls to the Jazz about Walker Kessler and the Hornets about Nick Richards, according to Scotto, who says rival executives think the Jazz are more willing to listen to inquiries on Kessler than they would’ve been a year ago.
With DeMar DeRozan seemingly on the verge of leaving Chicago, there’s a belief around the league that the Bulls may look to trade Nikola Vucevic and make the roster even younger, league sources tell Scotto.
Providing several Sixers-related updates, Scotto says Philadelphia is expected to either trade or waive Paul Reed and his $7.7MM non-guaranteed contract, has exploratory trade interest in Nets forward Dorian Finney-Smith, and wants to add more shooting and guard depth, with Lester Quinones and Kyle Lowry among the players on its radar. Additionally, second-round pick Adem Bona is expected to get a standard contract and a place on the 76ers’ 15-man roster, Scotto reports.

Free Agency Rumors: Theis, Magic, Heat, Raptors, Rockets

July 2nd, 2024 at 9:19am CST by Luke Adams

Veteran center Daniel Theis has received interest in free agency from several suitors, including the Grizzlies, Pelicans, and Bucks, reports Kelly Iko of The Athletic (Twitter link).

Theis won the 2023 FIBA World Cup with Germany last year, then joined the Clippers in the fall after negotiating a buyout with the Pacers. He served as the backup center in Los Angeles while Mason Plumlee missed time due to an injury and averaged 6.3 points, 4.1 rebounds, and 0.9 blocks in 17.1 minutes per game across 59 outings.

A second-apron team, Milwaukee is limited to offering minimum-salary contracts to outside free agents, while Memphis and New Orleans have financial constraints of their own to consider, so Theis is unlikely to secure a big payday from any of those suitors. Still, they could certainly offer him a path to playing time.

The Grizzlies traded away Steven Adams and Xavier Tillman last season, while New Orleans lost Jonas Valanciunas and Larry Nance Jr. this summer. Milwaukee has Brook Lopez manning the middle, but his name came up in trade rumors last month.

Here are a few more free agency notes from around the NBA:

Although the Magic still have a chunk of cap room left over, they don’t appear to be aggressively pursuing outside free agents using that room. Jason Beede of The Orlando Sentinel (subscription required) hears that there continues to be mutual interest in new deals for free agents Moritz Wagner and Joe Ingles — if both players return, Orlando would have 15 players on standard contracts. A report on Monday suggested the team is also exploring using some cap room to renegotiate and extend Jonathan Isaac‘s contract.
Caleb Martin doesn’t have a deal in place with a new team yet, but Ira Winderman of The South Florida Sun Sentinel (Twitter link) still views him as “all but gone” from the Heat. Re-signing Haywood Highsmith remains a possibility for Miami, per Winderman, who says the team may also sign another veteran free agent for the minimum. Winderman names Dennis Smith Jr. as a possible Heat target.
Free agent wing Gary Trent Jr. appears likely to leave the Raptors, according to Eric Koreen of The Athletic. As Koreen details, Toronto’s agreement with Garrett Temple means there are already 15 players projected to be on guaranteed contracts if second-round picks Jonathan Mogbo and Jamal Shead are signed using the second-round exception, as expected. In other words, the team’s free agent business might be just about done.
Kelly Iko of The Athletic hears that Trent had some interest in reuniting with former teammate Fred VanVleet in Houston, but the Rockets are another team who likely won’t do much more free agent shopping. Following the additions of Reed Sheppard and AJ Griffin, along with a new deal with Aaron Holiday, Houston projects to have 15 players under contract. While the Rockets would certainly still be interested in acquiring a young star, the two players they’ve been monitoring most closely, per Iko – Donovan Mitchell and Devin Booker – aren’t available, and the asking price for Jazz forward Lauri Markkanen was considered too high.

Fischer’s Latest: Markkanen, Isaac, DeRozan, Lakers, D-Lo, Nets

July 1st, 2024 at 6:51pm CST by Luke Adams

The Jazz are “welcoming” inquiries on Lauri Markkanen, according to Jake Fischer of Yahoo Sports, who wonders if Utah’s offseason could play out like Brooklyn’s has. The Nets agreed to trade Mikal Bridges after efforts to pair him with an impact player came up short. Utah has also explored the trade market for a possible second star to complement Markkanen, talking to Brooklyn about Bridges (as previously reported) and to the Hawks about both Dejounte Murray and Trae Young, sources tell Fischer.

While it’s possible the Jazz will follow the Nets’ lead, selling off their lone star after failing to land another one, they don’t appear eager to part with Markkanen. According to Fischer, the Jazz have conveyed that they remain interested in renegotiating and extending Markkanen’s contract later this offseason and that listening to every offer for the star forward is just about due diligence.

As reported earlier today, both the Warriors and Spurs have interest in Markkanen, Fischer confirms, naming the Kings and Timberwolves as a couple more teams to watch. However, Sacramento’s reluctance to put Keegan Murray on the table in trade scenarios – which NBA personnel believe would be necessary to land Markkanen – may result in the Kings shifting their trade focus to Pelicans forward Brandon Ingram, Fischer writes. As for the Wolves, they’re operating over the second apron and barely have any future draft capital available, so it’s hard to envision a way for them to make a serious play for Markkanen.

Here’s more from Fischer:

The Magic may not end up using all of their cap room on free agents or trades — according to Fischer (Twitter link), they’re working on possibly renegotiating and extending forward Jonathan Isaac‘s contract. A team with cap space can use it to give a player a raise on his current-year salary, then reduce his salary by up to 40% in the first year of an extension, so Orlando may be looking at essentially giving Isaac a bonus this season to get him a team-friendly deal beginning in 2025/26.
Although LeBron James has expressed a willingness to take a pay cut if it allows the Lakers to bring in an impact player, Fischer writes that the team seems to be running out of potential targets – and time – to make that happen. The Lakers “hold an affinity” for DeMar DeRozan, but they’d likely have to incorporate a third team to move off some salary, including perhaps D’Angelo Russell or Gabe Vincent, to have a shot at DeRozan, according to Fischer.
The Nets could be a trade destination for Russell. Sources tell Fischer that Brooklyn has been open to the idea of a reunion with Russell since February’s trade deadline.
If Klay Thompson had re-signed with the Warriors, the plan was to bring him off the bench next season behind second-year guard Brandin Podziemski, according to Fischer. Thompson appears likely to be a starter in Dallas.