New Orleans Pelicans Rumors | Hoops Rumors

Pelicans Sign Zion Williamson To Five-Year Max Extension

July 6th, 2022 at 3:28pm CST by Luke Adams

JULY 6: Williamson’s five-year, maximum-salary extension is now official. The Pelicans put out a press release confirming the signing after Zion put pen to paper at the Dryades YMCA in New Orleans today on his 22nd birthday (Twitter video link via ESPN’s Andrew Lopez).

“Zion is an astounding 22-year old talent, who we believe is just scratching the surface of what he is capable of, both on and off the floor,” Pelicans executive VP of basketball operations David Griffin said in a statement. “We are extremely pleased to take this next step of our collective journey together.”

Now that the deal is done, it should just be a matter of time before we learn what sort of protection language is included in the contract. Griffin did confirm today that the contract does not feature a fifth-year player option (Twitter link via Lopez).

JULY 2: Williamson and the Pelicans have now reached an agreement on a five-year, maximum-salary extension, agent Austin Brown tells Adrian Wojnarowski of ESPN (Twitter link).

Details on the protections included in the contract still haven’t been reported.

JULY 1: The Pelicans are nearing an agreement on a five-year rookie scale extension for forward Zion Williamson, reports Shams Charania of The Athletic (Twitter link).

According to Charania, it’ll be a maximum-salary deal that can be worth up to $231MM. That indicates it will contain Rose Rule language allowing Williamson to qualify for a starting salary of 30% of the 2023/24 cap instead of 25% if he makes an All-NBA team next season.

Charania’s report doesn’t include any details on how much of the contract will be fully guaranteed, which figured to be the sticking point in negotiations. He does say (via Twitter) that the deal is expected to include some protections for the Pelicans and that the two sides were sorting through those details overnight.

We’ll have to wait for more specifics on that front, but it appears the two sides are on the verge of finding common ground fairly quickly after the former No. 1 overall pick officially became extension-eligible.

The agreement ends months of speculation that Williamson might turn down an extension offer from the Pelicans to play in a larger market or for a more successful franchise. Williamson has attempted on several occasions to quash those rumors by proclaiming a love for New Orleans, with his latest comments coming three weeks ago at his youth basketball camp.

Injuries have derailed Williamson’s career since he entered the NBA as a highly touted No. 1 pick in 2019. He missed all of this season after undergoing foot surgery and has played in a combined 85 games in three years. However, he has shown signs of being a dominant force, averaging 25.7 points, 7.0 rebounds and 3.2 assists per game and making an All-Star appearance in 2021.

A healthy season from Williamson, who will turn 22 later this week, could make the Pelicans a serious Western Conference contender. New Orleans staged a late-season surge after trading for CJ McCollum, advancing through the play-in tournament and into the first round of the playoffs. Williamson could be a difference maker for an already talented roster, but he’ll have to prove that he can stay on the court.

Based on the NBA’s latest cap projection of $133MM for the 2023/24 season, Williamson’s deal would be worth $231.42MM if he meets the Rose Rule criteria next season, or $192.85MM if he doesn’t. That’s without considering any protections that might be included in the contract.

Latest On Kevin Durant, Kyrie Irving

July 6th, 2022 at 9:30am CST by Luke Adams

Both Adrian Wojnarowski of ESPN (appearing on NBA Today) and Shams Charania of The Athletic (appearing on The Pat McAfee Show) stressed on Tuesday that the Nets‘ trade of Kevin Durant could take some time, with the team in no rush to make a deal.

While Wojnarowski observed that being able to have face-to-face conversations with other teams at the Las Vegas Summer League starting this week could help the Nets gather some momentum toward an agreement, he and Charania both noted that many past superstar trades – such as James Harden to Brooklyn or Anthony Davis to Los Angeles – have taken several months to come together.

There has been no indication that Durant will rescind his trade request and happily report to Brooklyn in the fall if the Nets have trouble finding a deal they like, says Charania. However, the Nets have been telling teams that until their asking price (All-Star caliber players and a “boatload” of draft picks) is met, they won’t move the former MVP, according to Charania.

Here’s more on Durant and his teammate and fellow trade candidate Kyrie Irving:

Wojnarowski said on NBA Today that he views the Raptors as the most “seamless” one-on-one trade partner for the Nets with Durant, since other suitors like the Suns and Heat would probably require a third team to get anything done. Wojnarowski said that “people should be watching” the Raptors, while ESPN’s Bobby Marks said during an NBA Today appearance of his own (video link) that he considers Toronto the “leader in the clubhouse.”
Appearing on Sportsnet The Fan’s Morning Show in Toronto (audio link), ESPN’s Brian Windhorst expressed some skepticism that the Raptors will be willing to put Scottie Barnes into an offer for Durant.
Wojnarowski views the Nets’ Tuesday deals with T.J. Warren and Edmond Sumner as another signal that they aren’t looking to rebuild and will want “good players” in any Durant trade. Marks, meanwhile, believes those agreements are a sign that no Durant deal is imminent and the Nets recognized they needed to start filling out their roster rather than waiting for a 5-for-1 type trade to materialize.
Kevin O’Connor of The Ringer makes a case for why he views New Orleans as the most logical landing spot for Durant and why he thinks the Pelicans have more than enough assets to get a deal done.
According to Wojnarowski, the Nets and Lakers are engaged in a “dance” over the Irving negotiations and don’t appear to have made serious inroads toward a deal. On The Pat McAfee Show (video link), Charania agreed, suggesting that it’s not a lock Kyrie will end up in L.A. “There’s no traction on any type of a Lakers deal for Kyrie Irving,” Charania said. “There’s nothing new on that. I’m not quite sure we’re going to see that take place.

13 Trade Exceptions Set To Expire In July

July 4th, 2022 at 12:49pm CST by Luke Adams

A total of 13 traded player exceptions created during the 2021 NBA offseason are set to expire this month if they go unused.

A trade exception is an NBA salary cap exception that can be generated when a team trades a player away. It allows that team to acquire a certain amount of salary without sending out any in return for one year after the exception was created. The club is permitted to trade for a player earning the amount of the exception, plus $100K.

For instance, the Trail Blazers are set to use their $20,864,198 trade exception, created in February’s CJ McCollum trade, to acquire Jerami Grant, who is earning $20,955,000 in 2022/23. Grant narrowly fits into that TPE after accounting for the $100K in wiggle room.

Most trade exceptions expire without being used, but teams can sometimes find a use for them — especially the bigger ones like Portland’s. So it’s worth keeping tabs on which ones are still available.

Here are the 13 exceptions set to expire this month:

Boston Celtics: $17,142,857 (expires 7/18)
Los Angeles Clippers: $8,250,000 (expires 7/18)
Indiana Pacers: $7,333,333 (expires 7/7)
New Orleans Pelicans: $6,382,262 (expires 7/7)
Chicago Bulls: $5,000,000 (expires 7/7)
Memphis Grizzlies: $4,054,695 (expires 7/7)
Brooklyn Nets: $3,246,530 (expires 7/6)
Toronto Raptors: $3,070,052 (expires 7/6)
Atlanta Hawks: $1,782,621 (expires 7/7)
Golden State Warriors: $1,782,621 (expires 7/7)
Milwaukee Bucks: $1,517,981 (expires 7/7)
Boston Celtics: $1,440,549 (expires 7/7)
Brooklyn Nets: $118,342 (expires 7/6)

The Celtics’ $17MM exception, created in last year’s Evan Fournier sign-and-trade, is the most noteworthy one here, but it appears unlikely to be used. Boston reached a deal last week to acquire Malcolm Brogdon without having to use the exception, and now appears to be a long shot to strike another major trade agreement.

The third exception on this list, the Pacers’ $7.3MM TPE, will disappear if Indiana decides to operate under the cap. The team would have to renounce the exception in order to actually make use of its cap room.

While it’s possible some of the other exceptions on this list will be used before they expire, they won’t accommodate any of the deals that have been agreed upon to date.

The full list of outstanding trade exceptions can be found right here.

Spurs, Pacers, Pistons Still Have Cap Room Available

July 4th, 2022 at 9:01am CST by Luke Adams

While many free agent agreements have been reported since last Thursday evening, few will become official until the NBA’s moratorium period ends this Wednesday. That means the terms that have been reported – and the cap space or cap exceptions teams will use to complete those signings – haven’t yet been locked in.

Still, we have a pretty good sense of what the cap room situation looks like for teams around the league. Here’s a snapshot, as of the morning of July 4, of which clubs still have the most spending power:

Teams with cap room:

By our count, the Spurs project to have about $38MM in remaining cap room, and could push that number even higher by stretching Danilo Gallinari‘s partial guarantee across three years when they officially waive him. However, it’s very unlikely they’d do so unless they have a specific need for that extra room. San Antonio could also create some extra space by waiving Keita Bates-Diop or Tre Jones, who have non-guaranteed salaries for 2022/23, though there has been no indication that will happen.

The Pacers, meanwhile, should have a little over $26MM in cap room once the Malcolm Brogdon trade is finalized, based on our projections. Like San Antonio, Indiana has a couple players without full guarantees (Duane Washington and Terry Taylor) and could create more cap space by waiving one or both.

The Pistons have already committed a chunk of their cap room to taking on Nerlens Noel, Alec Burks, and Kemba Walker from New York, but haven’t used it all yet. If Walker gives back his minimum salary in a reported buyout agreement and Detroit uses its room exception to sign Kevin Knox to his two-year, $6MM deal, the team could have $14MM+ in space — or even more, if Walker’s dead money is stretched across three seasons.

It remains unclear what the Spurs, Pacers, and Pistons will do with their remaining cap room. All three teams have been linked to restricted free agent center Deandre Ayton at some point during the offseason and could theoretically still make a run at him, with Indiana and Detroit perhaps sending back players in a sign-and-trade deal to fit a max deal for the big man under the cap. Still, there’s a sense the Pistons have backed off Ayton after landing Jalen Duren on draft night, and it’s unclear whether the Spurs or Pacers have serious interest.

Accommodating salary-dump trades to acquire more assets could be an option for all three teams, either in the offseason or close to the trade deadline.

The Knicks are the other team expected to use cap room this summer, but after signing Jalen Brunson and Isaiah Hartenstein, they won’t have much left over. Even if they waive Taj Gibson and sign Brunson and Hartenstein to the lowest starting salaries possible based on their reported contract terms, New York projects to have less than $5MM in remaining room.

Mid-level exception teams:

The Hornets, Grizzlies, Thunder, Magic, and Jazz all still have their full non-taxpayer mid-level exceptions available, giving them the ability to offer up to about $10.5MM to a free agent. It’s worth noting though that Utah’s cap situation remains in flux as we wait to see what other moves the team has up its sleeve after trading Royce O’Neale and then agreeing to a blockbuster deal involving Rudy Gobert.

The Hawks, Nets, Heat, Pelicans, and Suns haven’t committed any mid-level money to free agents yet, but unless they shed salary, they’ll probably be limited to the taxpayer MLE (worth about $6.5MM) due to their proximity to the tax line.

The Bulls have used a small portion of their mid-level exception and should still have $7MMish available to spend, but doing so would push them into luxury tax territory, which ownership may be against.

There are some teams that could theoretically open up part or all of their mid-level exception if they’re able to turn reported free agent agreements into sign-and-trades. For example, Ricky Rubio agreed to a three-year, $18.4MM deal with the Cavaliers that will presumably use the MLE, but if Cleveland and Indiana were able to work out a sign-and trade deal involving Rubio, it would free up the Cavs’ mid-level to use on another move.

Pelicans Simply Couldn't Pass On Zion Williamson's Extension

July 3rd, 2022 at 10:59pm CST by JD Shaw

While it’s a massive investment, Zion Williamson‘s maximum-salary extension with the Pelicans was something the team simply couldn’t pass up, Scott Kushner of NOLA.com writes. Williamson has only played 85 games in his three NBA seasons, but he has shown in his limited NBA action that he’s a special player, says Kushner. It’s still unclear how much of Williamson’s new five-year deal will be fully guaranteed.

Nets Rumors: Durant, Trade Request, Edwards, Irving

July 3rd, 2022 at 10:21am CST by Arthur Hill

Free agency has stalled as teams wait to see what will happen with Nets star Kevin Durant, but the situation could be resolved when general managers gather this week in Las Vegas for Summer League, writes Brian Lewis of The New York Post. Owner Joe Tsai and GM Sean Marks are making their way through a flood of offers and are focused on getting the best package in return rather than making a quick decision.

The Heat and Suns are reportedly Durant’s preferred destinations, and while Lewis says the Nets are willing to work with Durant and business partner Rich Kleiman on finding the right deal, they won’t be “held hostage” by Durant’s wishes.

The Pelicans and Raptors may provide the best options to trade Durant without having to rely on a third or fourth team to make the deal work, Lewis adds. Both teams have full control of their future draft picks and they have young stars in Brandon Ingram and Scottie Barnes to build a trade package around.

There’s more news from Brooklyn:

Durant made his first public comment since his trade request, Lewis states in the same piece, with a tweet on Saturday that read, “The ones who were locked in that gym with me know what it is, they know what I’m about. If u haven’t been in there with me, ask around.” Robin Lundberg of Sports Illustrated responded with specific questions about Durant’s intentions, but Durant answered, “Keep dreaming robin lmao.”
The Nets pulled their qualifying offer to Kessler Edwards this week, but they still have interest in bringing him back, Lewis adds. Brooklyn holds Edwards’ Non-Bird rights and is talking to the 21-year-old forward about a new deal.
Other teams have little interest in trading for Kyrie Irving because they know he wants to end up with the Lakers, according to Brian Windhorst of ESPN (Twitter link from Hoop Central). “In talking to league executives over the last couple of hours, the value of Kyrie Irving in a trade has absolutely plummeted,” Windhorst said. “They know he’s going to be a pure rental. If he doesn’t want to go to the situation he is [traded] to, it’s unclear what he’ll do.”

Kevin Durant Rumors: Raptors, Pelicans, Suns, Heat

July 2nd, 2022 at 1:20pm CST by Luke Adams

After ESPN’s Adrian Wojnarowski suggested on Friday that Toronto is “lurking” as a team to watch in the Kevin Durant sweepstakes, Michael Grange of Sportsnet.ca writes today that the Raptors believe they can put together the best package for Durant that the Nets are likely to receive.

Grange describes the Raptors as “optimistic” rather than “confident,” noting that there’s a sense Durant is at least open to the idea of playing in Toronto, even if the team is not atop his wish list.

However, Grange cautions that the Nets may not agree with the Raptors’ assessment that they can offer the best package for Durant. Additionally, Grange’s story suggests Toronto has remained opposed to making reigning Rookie of the Year Scottie Barnes available so far.

While the Raptors have all their future draft picks and have several solid veterans on good contracts – including All-Stars Fred VanVleet and Pascal Siakam, as well as OG Anunoby and Gary Trent Jr. – it’s unclear if they’d be able to make a deal for Durant without putting Barnes on the table.

“That’s the billion-dollar question,” one source said to Grange.

Here’s more on Durant:

In the latest episode of ESPN’s Hoop Collective podcast (video link), Tim Bontemps said he believes “Toronto thinks it’s in the game” in the Durant sweepstakes, while Brian Windhorst said he still considers the Suns the favorites, since it’s rare for superstar players not to end up where they want to go.
Windhorst (video link) has heard that the Pelicans view head coach Willie Green – an assistant in Golden State during Durant’s Warriors years – as an asset in the chase for the former MVP. As Windhorst explains, the hope would be that if the Nets like what the Pelicans have to offer, Green would get the opportunity to sell Durant on New Orleans.
With New Orleans being mentioned as a possible Durant landing spot, Scott Kushner of NOLA.com wonders whether or not the Pelicans should seriously pursue the 34-year-old.
Within his latest look at the Durant situation, Michael Scotto of HoopsHype confirms that the Nets would want more than Deandre Ayton and Mikal Bridges in a trade with the Suns and says that any Heat package built around Tyler Herro “wouldn’t scratch the surface of what the Nets want.”
Brooklyn is seeking teams’ best assets, Scotto writes, including All-Stars, rising young players, and “substantial” unprotected draft picks and swaps.

Southwest Notes: Spurs, Murray, Rockets, Tate, Zion

July 1st, 2022 at 11:52pm CST by Rory Maher

Spurs general manager Brian Wright said it was tough to see Dejounte Murray go after the team helped him develop over the past six years, writes Jeff McDonald of The San Antonio Express-News. The Spurs drafted Murray with the 29th pick of the 2016 draft.

“We’ve watched him grow from his rookie year to being an All-Star last year,” Wright said in a news conference to announce the finalization of the trade that sent Murray to Atlanta. “You wish this job was full of easy decisions. The reality is, there’s a lot of hard decisions.”

Murray enjoyed a breakout season in 2021/22, averaging 21.1 PPG, 9.2 APG, 8.3 RPG, and a league-leading 2.0 SPG with a shooting line of .462/.327/.794 in 68 games (34.8 MPG). The 25-year-old was the runner-up for the Most Improved Player award.

San Antonio received three first-round picks and a pick swap in the deal, and while Wright certainly wasn’t in a celebratory mood, he said the offer from the Hawks was too good to pass up.

“We just got to the place where the deal was the right thing to do,” Wright said.

Here’s more from the Southwest Division:

Jae’Sean Tate‘s new three-year contract with the Rockets contains a team option in the final year, sources tell Kelly Iko of The Athletic (Twitter link). Tate will earn $7MM in 2022/23 and $6.5MM in ’23/24, and the deal also includes a bonus tied to how many games the team wins, Iko reports. The 26-year-old Tate averaged 11.8 PPG, 5.4 RPG and 2.8 APG on .498/.312/.707 shooting in 78 games (26.4 MPG) this season.
Rafael Stone, the general manager of the Rockets, chose to acquire multiple unprotected first-round picks and pick swaps when he sent James Harden to the Nets. That decision looks like a wise one now that Kevin Durant has requested a trade out of Brooklyn, according to Jonathan Feigen of The Houston Chronicle, who details why he thinks the move might pay off for Houston — depending on what the Nets get in return for the superstar forward.
The news that the Pelicans are nearing an agreement on a five-year, maximum-salary rookie scale extension with Zion Williamson brings welcome stability to New Orleans, per William Guillory of The Athletic. As Guillory writes, the Pelicans have dealt with all kinds of turmoil over the years, the most recent being the rampant speculation that Williamson would request a trade or decide against signing a rookie contract extension, which obviously isn’t the case. Once the deal is officially inked, the franchise will have all of its core players signed for the next few years, and the terrific rookie class from ’21/22 to grow alongside them.

Extensions Imminent For Jokic, Booker, Towns, Morant, More

June 30th, 2022 at 3:41pm CST by Rory Maher

Nuggets center Nikola Jokic, Suns guard Devin Booker, Timberwolves big man Karl-Anthony Towns, and Grizzlies guard Ja Morant are all expected to reach verbal agreements with their respective teams on new long-term contract extensions soon after the NBA’s new league year begins tonight, according to Marc Stein (Twitter link).

Pelicans forward Zion Williamson and Cavaliers guard Darius Garland are also “widely expected” to receive extensions this offseason, Stein notes (via Twitter).

Morant, Williamson, and Garland will be eligible for rookie scale extensions, with the exact figures yet to be determined. Rookie scale extensions are available for former first-round picks entering their fourth seasons. The three players’ offers will likely include Rose Rule language that allows them to earn a starting salary of up to 30% of the 2023/24 salary cap (instead of 25%) if they meets certain performance criteria.

Even though Morant, for example, earned an All-NBA spot this year, he would have to make an All-NBA team again next season to qualify for the higher max — the Rose Rule criteria require a player to make All-NBA in either the season before his new contract goes into effect or in two of the three prior seasons.

Williamson’s extension could take a little longer to figure out, given that he’s appeared in just 85 career games and missed all of last season after setbacks following foot surgery last summer. Still, Pelicans executive VP of basketball operations David Griffin said he was “confident” that an agreement would be reached, the only question is how much money will be guaranteed up front.

Jokic, Booker, and Towns will all be eligible for super-max extensions, also known as Designated Veteran Extensions, worth up to 35% of the salary cap. At least one of the following must be a true for a player to be eligible for a Designated Veteran Extension:

He was named to an All-NBA team in the most recent season, or in two of the last three seasons.
He was named NBA MVP in any of the three most recent seasons.
He was named NBA Defensive Player of the Year in the most recent season, or in two of the last three seasons.

Booker and Towns both made All-NBA teams this past season, and Jokic was named the back-to-back MVP in addition to making All-NBA teams the past four seasons.

Trail Blazers guard Damian Lillard is also likely to receive a two-year extension worth in excess of $100MM once the new league year begins, as relayed by Sean Highkin of The Rose Garden Report and Stein (Twitter links).

Western Notes: McGee, Towns, Wiseman, Williamson, Trent Jr.

June 30th, 2022 at 3:02pm CST by Dana Gauruder

JaVale McGee could wind up with another Western Conference contender next season. The Mavericks are very interested in the veteran free agent center and could offer him the two-year deal he’s seeking, John Gambadoro of Arizona Sports 98.7 FM tweets. McGee, 34, averaged 9.2 PPG and 6.7 RPG for the Suns last season while appearing in 74 regular season contests.

We have more from the Western Conference:

The biggest priority for the Timberwolves this summer is to lock up Karl-Anthony Towns with an extension, Jon Krawczynski of The Athletic reports. Towns is eligible for an extension of up to four years and roughly $211MM. “I can’t wait to sit down with him and his representation ASAP and keep this thing going,” new president of basketball operations Tim Connelly said. “He’s special and deserves everything that is going to come his way.”
James Wiseman would actually benefit if the Warriors are able to re-sign free agent Kevon Looney, Dalton Johnson of NBC Sports Bay Area writes. Their skill sets would mesh as the team’s center duo and it would ease the pressure on Wiseman, allowing him to focus on his development.
The Pelicans’ extension talks with Zion Williamson could take some time to sort out, as Christian Clark of the New Orleans Times Picayune explains. The two sides need to figure out is how much of the extension will be fully guaranteed. Clark’s sources believe there is a possibility that negotiations could drag on longer than anticipated due of this issue. Williamson sat out last season due to a foot injury.
The Jazz have expressed interest in Raptors guard Gary Trent Jr., according to Ian Begley of SNY TV. Trent’s cap hit for next season is $17.5MM and he has an $18.5+MM option for 2023/24. He averaged 18.3 PPG in 35 MPG last season.