- The Pelicans have formally announced their new media rights deal with Gray Media, which will allow them to locally televise games over-the-air for free. Christian Clark of NOLA.com provides some more details on the agreement, including outlining which markets it will reach and explaining why the Pelicans decided to part with Bally Sports and go this route.
- In a story for Bleacher Report, Eric Pincus takes a closer look at what “fair market” deals would look like for several of the top remaining rookie scale extension candidates, including several notable players from out of the Southwest. Alperen Sengun (Rockets), Jalen Green (Rockets), and Trey Murphy (Pelicans) are some of the fourth-year players who will reach restricted free agency in 2025 if they don’t sign new deals by October 21.
One reason the NBA isn’t yet prepared to dive head-long into expansion talks is that a potential Celtics sale could reset the market, sources tell ESPN’s Tim Bontemps, Kevin Pelton, and Brian Windhorst. If the Celtics set a new record for the highest sale price ever for an NBA team, it would only increase the price tag for incoming expansion franchises, as ESPN’s trio notes.
Commissioner Adam Silver recently stated that the NBA is “not quite ready” to move forward on the expansion process, though he left the door open for those discussions to happen later on in the 2024/25 league year.
With the NBA continuing to drag its heels on expansion, league sources and people connected to potential bidding groups are viewing the 2027/28 season as the target date for when one or more expansion teams could begin playing, with the ’26/27 campaign considered an increasingly unrealistic – albeit not impossible – option, according to Bontemps, Pelton, and Windhorst.
Based on the growing valuations of NBA franchises, it’s not unrealistic to project that a pair of new teams could net the league $10 billion combined – or even more than that – in expansion fees, ESPN’s reporters suggest.
While some current NBA team owners are wary of further diluting their share of the league’s revenue by slicing off two more pieces of a “pie” currently being shared 30 ways, expansion fee payments (which don’t have to be shared with the players’ union) exceeding $300MM apiece could help sway those ownership groups, as Bontemps, Pelton, and Windhorst point out. Additionally, the $76 billion media rights deal negotiated by the NBA earlier this year has assuaged some owners’ concerns about sharing revenues with 31 partners instead of 29, the ESPN trio adds.
Here are a few more items of note from ESPN’s in-depth FAQ on the possibility of expansion:
- Although the National Basketball Players Association has no real voice in the expansion process, the union would be “very much in favor” of adding 36 new jobs (30 standard roster spots and six two-way slots) for its members, sources tell ESPN.
- Seattle and Las Vegas are widely considered the favorites to land expansion teams, but they likely won’t be the only cities receiving consideration. Sources who spoke to ESPN view Mexico City as the most likely candidate to seriously enter the mix along with Seattle and Vegas, though Bontemps, Pelton, and Windhorst acknowledge there would be a number of “logistical hurdles” to contend with.
- If Seattle and Las Vegas land expansion teams, they would both have to be Western Conference clubs, meaning one current Western team would have to move to the Eastern Conference. According to ESPN, that decision would likely come down to the Pelicans, Grizzlies, and Timberwolves, with Minnesota considered the most logical choice to move East since the Wolves are geographically closer to five Eastern opponents than they are to their closest Western opponent (Denver). Still, it could be a “protracted fight” to determine which team would change conferences.
- The ownership group of the NHL’s Seattle Kraken – led by Samantha Holloway and her father David Bonderman – is considered the most likely bidder for a Seattle franchise, per ESPN. Hall of Fame NBA executive Rick Welts has served as an advisor for the Kraken ownership group, which also includes the sons of former Sonics owner Barry Ackerley. Chris Hansen, who previously attempted to relocate the Sacramento Kings to Seattle, isn’t expected to lead a bid to bring the NBA to the city, but would be willing to assist in the process, ESPN’s trio adds.
- Active NBA players aren’t permitted to own a stake in an existing franchise, but the rules for an active player becoming a stakeholder in an expansion franchise (before it begins play) aren’t as clear. Those rules may need to be clarified in the coming years, with LeBron James seriously interested in getting involved in a bid for a Las Vegas team. According to ESPN’s report, former Bucks co-owner Marc Lasry is putting together a group to bid for a Vegas franchise — that group is expected to include longtime WNBA star Candace Parker.
Harrison Barnes knows his experience will be valuable to the Spurs’ young roster, according to Matt Guzman of Sports Illustrated.
“Obviously, coming in with (Chris Paul), we’re going to be two of the older guys in the locker room,” Barnes said. “Just getting a chance to talk with some of the guys here, there’s good energy, good excitement. I definitely look forward to putting my arm around guys and getting to work.”
Barnes will also provide perimeter shooting (38% on 3-point attempts in his career) and solid defense, Guzman adds. Barnes was acquired in the three-team deal involving Sacramento and Chicago.
“(I’m here) to do anything that’s asked of me,” he said. “The goal every season is to go out there, play 82 games and give it my best.”
We have more from the Southwest Division:
- The Pelicans’ NBA G League team, the Birmingham Squadron, has acquired the rights to guard Au’Diese Toney from the Nuggets’ G League team, the Grand Rapids Gold, in exchange for Tevian Jones, according to the Gold (Twitter link). Toney, 24, played in 12 regular-season games with the Gold last season, averaging 12.4 points, 6.4 rebounds and 2.3 assists. He was undrafted out of Arkansas. Jones, who was undrafted out of Southern Utah, appeared in 34 games for the Gold.
- The Mavericks have chosen to have their games broadcast over a local, free over-the-air channel, according to a team press release. The agreement covers all games that are not on national TV. The new multi-year broadcast rights agreement with TEGNA will allow Dallas-area residents to watch the games on KMPX Dallas-Ft. Worth. The Mavs ended their broadcast deal with financially troubled Bally Sports last month.
- In case you missed it, the Mavericks are bringing back Markieff Morris. Get the details here.
Most of the 29 trades completed so far this offseason by NBA teams have been made with financial considerations in mind. In some cases, those considerations were obvious -- when the Timberwolves sent Wendell Moore to Detroit, the Nuggets dealt Reggie Jackson to Charlotte, or the Grizzlies traded Ziaire Williams to Brooklyn, saving money was the primary motivating factor.
For other trades, cap savings were just one part of the equation. For example, Portland's July deal with the Wizards was primarily about acquiring Deni Avdija, but by including Malcolm Brogdon in their package for Avdija, the Trail Blazers were able to duck out of luxury tax territory. The same is true of the Hawks in the Dejounte Murray trade, which reduced their team salary for 2024/25 and helped them sneak below the tax line.
While some teams have already made their cost-cutting moves for '24/25, there are others who are worth keeping an eye on this fall and winter. Based on their proximity to the luxury tax line or the tax aprons, they look like potential candidates to pursue deals that would shed some salary.
Let's take a closer look at some of those teams...
With the 2024/25 NBA regular season set to tip off next month, we’re getting serious about predictions for the upcoming campaign and continuing an annual Hoops Rumors tradition.
With the help of the lines from a series of sports betting sites – including Bovada and BetOnline – we’re running through the predicted win totals for each of the NBA’s 30 teams, by division. In a series of team-by-team polls, you’ll get the chance to weigh in on whether you think those forecasts are too optimistic or too pessimistic.
In 2023/24, our voters went 16-14 on their over/under picks. Can you top that in ’24/25?
We’ll continue our series today with the Southwest Division…
Dallas Mavericks
- 2023/24 record: 50-32
- Over/under for 2024/25: 49.5 wins
- Major offseason moves:
- Added: Klay Thompson, Naji Marshall, Quentin Grimes, Spencer Dinwiddie
- Lost: Tim Hardaway Jr., Josh Green, Derrick Jones, Markieff Morris
- Note: Morris may still re-sign with the Mavericks, likely replacing A.J. Lawson in that scenario.
Memphis Grizzlies
- 2023/24 record: 27-55
- Over/under for 2024/25: 47.5 wins
- Major offseason moves:
- Added: Zach Edey, Jaylen Wells
- Lost: Ziaire Williams, Yuta Watanabe, Lamar Stevens
New Orleans Pelicans
- 2023/24 record: 49-33
- Over/under for 2024/25: 46.5 wins
- Major offseason moves:
Houston Rockets
- 2023/24 record: 41-41
- Over/under for 2024/25: 43.5 wins
- Major offseason moves:
- Added: Reed Sheppard, AJ Griffin
- Lost: Reggie Bullock, Boban Marjanovic
San Antonio Spurs
- 2023/24 record: 22-60
- Over/under for 2024/25: 36.5 wins
- Major offseason moves:
- Added: Chris Paul, Harrison Barnes, Stephon Castle
- Lost: Cedi Osman, Devonte’ Graham, Dominick Barlow
Previous voting results:
- Boston Celtics (58.5 wins): Over (69.7%)
- New York Knicks (53.5 wins): Over (58.8%)
- Philadelphia 76ers (52.5 wins): Under (51.7%)
- Toronto Raptors (30.5 wins): Under (58.7%)
- Brooklyn Nets (19.5 wins): Over (54.3%)
Brandon Ingram‘s standing with the Pelicans remain in question with less than a month to go until the team reports to training camp, William Guillory of The Athletic writes. It seems like Ingram will play out the final year of his contract with New Orleans, but his name has consistently appeared in trade rumors since the beginning of the offseason.
As we’ve previously outlined, Ingram is in the final year of a contract that pays him approximately $36MM this season. He’s seeking a contract extension that includes a pay raise, but the Pelicans have been hesitant to make that sort of long-term investment.
Ingram’s production on its face is worthy of an increase in pay, as he averaged 23.1 points, 5.5 rebounds and 5.2 assists per game while shooting 47.2% from the field and 37.2% on three-pointers in his five seasons with the Pelicans. However, he expressed disappointment with his role late last season after being benched in the fourth quarter of the play-in game. That brings into question how Ingram will respond this season without a clear indication of his future, Guillory writes.
According to Guillory, Ingram did not attend a week-long mini-camp held by New Orleans players in California that featured every player on the roster outside of him and Daniel Theis. The Pelicans believed Ingram would show up, but he never did. This is an event Ingram organized in the past, Guillory writes, so it was notable that he wasn’t there.
With Zion Williamson, CJ McCollum and Dejounte Murray on lucrative contracts, the Pelicans don’t seem eager to dole out more big money, especially with an extension for Trey Murphy on the horizon. The new CBA limitations also complicate potential trade options, especially before the season, since any team acquiring Ingram would need to be confident in its ability to lock him up long-term in order to warrant giving up valuable assets in a trade.
Whether or not he has fallen out of favor, the Pelicans need Ingram’s shot creation if they want to maximize the potential of the current roster, Guillory reasons.
The Pelicans’ arena, Smoothie King Center, is in need of major renovations, per Christian Clark of the New Orleans Times-Picayune.
Most systems and equipment have reached or exceeded their usable life, according to an assessment report from an architecture firm and consulting company. The building’s sound and public address system are among the items that need to be replaced. The report’s findings shift the spotlight onto Pelicans owner Gayle Benson and Louisiana state officials to either fund a renovation of the nearly 25-year-old building or build a new arena, Clark adds.
We have more from the Southwest Division:
- While some teams are holding training camp at faraway places, the Rockets are happy they’ll stay at home. They will hold training camp, beginning Oct. 1, at their new practice facility, Jonathan Feigen of the Houston Chronicle reports. In recent years, they’ve held camp in a variety of locations out of town. The $70MM basketball headquarters is about a 10-minute drive from the Rockets’ home arena, the Toyota Center.
- How will Jason Kidd manage the minutes of Dereck Lively and Daniel Gafford at the Mavericks’ center position? That’s one of the big questions for Dallas heading into training camp, according to Eddie Sefko of Mavs.com. The need for Jaden Hardy to have a breakout season after Josh Green was traded is another intriguing element of this year’s camp.
- Keldon Johnson wore No. 3 for the Spurs the last few seasons. He’s giving up that uniform number to Chris Paul, according to ESPN. Johnson will instead take No. 0. Paul, who signed a one-year contract with San Antonio, has worn No. 3 since entering the league in 2005.
Along with winning a gold medal in his first-ever Olympics, Stephen Curry tells Natasha Dye of People Magazine that the experience was memorable because he got to team up with long-time rival LeBron James. Like many others, Curry was impressed by the intense work ethic James displayed with Team USA.
“All the battles we’ve had on the court and the back and forth, the fact that we actually got to be teammates, not just in any game like an All-Star game or whatever, but in high stakes basketball with a lot on the line … I think there’s a deepened respect and friendship there,” Curry said. “Hopefully, there will be more experiences in the future, even if we’re teammates or not.”
Curry added that he’s especially excited as the start of his 16th season with the Warriors draws near. He’s eager to prove that the team can stay in the hunt for a title without Klay Thompson, who left for Dallas during the offseason.
“I love the fact that people don’t think we can keep the pace with some of the other teams that they’re picking in the West,” Curry said. “And I just love that challenge of stepping into a training camp and being able to create your own success — that gets me going. And obviously coming off of this Olympic experience, I’m trying to channel that energy all year.”
There’s more on the Warriors:
- During an appearance Tuesday on “The Today Show,” Curry expressed a desire to finish out his career with Golden State, relays Tristi Rodriguez of NBC Sports Bay Area. Curry didn’t indicate that he plans to call it quits any time soon, but he said he wants to be remembered as a one-team player.
- Michael Pina of The Ringer examines the Warriors’ chances of making another title run before Curry retires. He notes that the front office unsuccessfully attempted to trade for Paul George and Lauri Markkanen this summer, leaving Curry with no teammates capable of playing at an All-Star level. Pina observes that Curry’s one-year extension gives general manager Mike Dunleavy Jr. more time to upgrade the roster, but it doesn’t ease the sense of urgency that exists with the team’s top star heading for his 37th birthday before the season ends.
- Golden State’s cautious approach to roster building dates back to an ill-fated trade for Kelly Oubre in 2020, according to Monte Poole of NBC Sports Bay Area. After Thompson was lost to a season-ending injury, owner Joe Lacob was “the driving force” behind acquiring Oubre despite objections from then-general manager Bob Myers and the coaching staff. Since then, Poole adds, the organization has concentrated on moves that complement the core of the team rather than trying to expand it. Through that prism, sources tell Poole that Pelicans forward Brandon Ingram is viewed as too risky, and Poole describes the chances of an Ingram trade as “minuscule.”
Former UNC Greensboro standout and four-time EuroLeague champion Kyle Hines announced on Wednesday that he has decided to retire as a player at age 38 (Instagram link).
Hines, who won a pair of EuroLeague titles with Olympiacos (in 2012 and 2023) and two more with CSKA Moscow (2016 and 2019), also spent time with Veroli (Italy), Brose Bamberg (Germany), and Olimpia Milano (Italy) during his 16-year professional career.
The 6’6″ forward was named to the EuroLeague’s All-Decade team for the 2010s, claimed Best Defender honors in 2016, 2018, and 2022, and will retire as the EuroLeague’s all-time leader in games played (425). He also excelled in domestic competitions, winning three Italian League (LBA) championships to go along with six titles in the Russian League (VTB United) and one in the Greek League (GBL).
“When I didn’t get drafted (in 2008), what I thought would be one of the biggest disappointments in my life turned out to be my biggest blessing,” Hines wrote within a longer statement. “Coming to Europe gave me the opportunity to grow as a person. It allowed me to compete at the highest level. It allowed me to become a competitor, a leader, and champion. Off the court it has given me the opportunity to travel the world, meet so many great people, and share in some amazing memories that will last a lifetime.”
Here are more odds and ends from around the basketball world:
- Australia’s National Basketball League is expecting 25 NBA scouts and executives – representing 22 separate teams – to visit the Gold Coast to attend the league’s preseason tournament, the NBL Blitz, reports Olgun Uluc of ESPN. The eight teams not sending representatives are expected to scout NBL talent at a later date — the Trail Blazers, for instance, will instead attend the HoopsFest in Perth later this month, per Uluc. Nets general manager Sean Marks is among the most notable NBA executives expected to be at the NBL Blitz, according to Uluc, who notes that NBA teams will be able to scout draft-eligible prospects for 2025 and 2026 in addition to veterans who could eventually come stateside.
- A federal bankruptcy judge signed off on Diamond Sports Group’s new agreements with the NBA and NHL on Tuesday and approved the company’s parting of ways with the Pelicans and Mavericks, reports Anthony Crupi of Sportico. The same judge will preside over a status conference in early October, with a date for a final confirmation hearing expected to be set at that session. Diamond Sports – the owner of the Bally Sports networks that will regionally broadcast 13 NBA teams’ games in 2024/25 – is looking to exit bankruptcy this fall.
- An ESPN.com story explores a handful of individual NBA milestones that may be reached during the 2024/25 season, including Lakers star LeBron James potentially passing 50,000 career points (for the regular season and postseason) and becoming the league’s all-time leader in regular season minutes. James needs 1,364 more total points and 850 more regular season minutes to achieve those feats.
Hoops Rumors is checking in on the 2024 offseason for all 30 NBA teams, recapping the summer’s free agent signings, trades, draft picks, departures, and more. We’ll take a look at each team’s offseason moves and consider what might still be coming before the regular season begins. Today, we’re focusing on the New Orleans Pelicans.
Free agent signings
Javonte Green: One year, minimum salary. Signed using minimum salary exception.- Daniel Theis: One year, minimum salary. Signed using minimum salary exception.
- Matt Ryan: One year, minimum salary. Non-guaranteed. Signed using minimum salary exception.
Trades
- Acquired the draft rights to Antonio Reeves (No. 47 pick) from the Magic in exchange for the right to swap second-round picks in 2030 and 2031.
- Acquired the Bulls’ 2027 second-round pick (top-50 protected) from the Wizards in exchange for Jonas Valanciunas (sign-and-trade).
- Acquired Dejounte Murray from the Hawks in exchange for Larry Nance Jr., Dyson Daniels, E.J. Liddell, Cody Zeller (sign-and-trade), the Lakers’ 2025 first-round pick, and either the Pelicans’ or Bucks’ 2027 first-round pick (whichever is least favorable; top-four protected).
Draft picks
- 1-21: Yves Missi
- Signed to rookie scale contract (four years, $15,654,827).
- 2-47: Antonio Reeves
- Signed to three-year, minimum-salary contract ($5,408,801). First year guaranteed. Second year non-guaranteed. Third year non-guaranteed team option.
Two-way signings
Departed/unsigned free agents
- Naji Marshall (Mavericks)
- Dereon Seabron (unsigned)
- Cody Zeller (Hawks)
Other moves
- Exercised Jeremiah Robinson-Earl‘s 2024/25 team option ($2,196,970).
- Exercised Jose Alvarado‘s 2024/25 team option ($1,988,598).
- Signed draft-and-stash prospect Karlo Matkovic to a three-year, $5,658,801 contract. First two years guaranteed. Third-year team option.
- Claimed Trey Jemison (two-way) off waivers.
Salary cap situation
- Operating over the cap ($140.6MM), over the luxury tax line ($170.8MM), and below the first tax apron ($178.1MM).
- Carrying approximately $172.4MM in salary.
- Hard-capped at $178,132,000.
- Full mid-level, bi-annual exceptions available.
- Two traded player exceptions available (largest worth $9,900,000).
The offseason so far
The Pelicans entered the summer with three key items on their to-do list — upgrading at point guard, finding a starting center, and resolving the Brandon Ingram situation.
Of those three goals, the Pelicans clearly achieved one of them, striking a deal with the Hawks to acquire Dejounte Murray to fortify their backcourt. The cost – including a rotation big man (Larry Nance Jr.), a former lottery pick with untapped potential (Dyson Daniels), and two future first-round picks – wasn’t cheap, but Murray should bring an intriguing new element to a Pelicans team that has relied on CJ McCollum to run the point in recent years.
While McCollum did OK in that role, Murray is more of a natural play-maker whose presence will allow McCollum to operate more off the ball, or perhaps even to run the second unit. And while Murray’s defensive numbers dropped off in Atlanta, he has an All-Defensive nod on his résumé and has the tools to bounce back on that side of the ball, upgrading the Pelicans’ perimeter defense.
The other two top items on the Pelicans’ offseason checklist remain a work in progress.
New Orleans is unwilling to offer Ingram a long-term, maximum-salary extension as he enters a contract year, and has rising sharpshooter Trey Murphy in the wings waiting to step into Ingram’s starting role. The team also lost its top two centers – Nance and Jonas Valanciunas – this offseason, with Valanciunas leaving for Washington in free agency.
The two-in-one solution to those issues would be to trade Ingram for a starting-caliber center, but New Orleans has explored that path with no success so far, as targets like Jarrett Allen, Nic Claxton, and Wendell Carter remained with their respective teams this summer. As a result, the cap-strapped Pelicans had to turn to free agency for a temporary solution at the five, bringing in veteran big man Daniel Theis on a minimum-salary deal.
Theis is better suited to be a backup, but he’s the best option the Pelicans have at center in the short term, with newly added rookies Yves Missi and Karlo Matkovic unlikely to play major roles right away and Jeremiah Robinson-Earl seemingly lacking starter upside. In a perfect world, Missi would enjoy a Dereck Lively-esque debut season and pair with Theis to form a reliable platoon in the middle. But it’s more likely that center will remain an area of need for New Orleans into the season.
As for Ingram, the Pelicans are said to be open to discussing an extension below the maximum, but with Zion Williamson occupying one forward spot and Murphy and Herbert Jones having earned significant roles, investing heavily in Ingram may not be the preferred path for the organization. As talented a scorer as he is, the former No. 2 overall pick isn’t an elite three-point shooter or defender, making him a somewhat awkward fit next to Williamson, who shares those traits.
Of course, those are the same reasons why another team might be reluctant to trade for Ingram and commit to paying his next contract, which hurts the Pelicans’ ability to extract a ton of value for him on the trade market. Ingram’s presence also gives New Orleans some high-level insurance in the event of a Williamson injury, which hasn’t exactly been a rare occurrence in recent years. It’ll be fascinating to see whether a trade or a new contract with New Orleans is the next step for the 2020 All-Star.
Up next
As detailed above, Ingram’s future with the franchise remains up in the air, but it’s possible no resolution comes before opening night. The forward will remain extension-eligible throughout the season, all the way up until June 30, 2025, and the Pelicans could trade him at anytime up until February’s deadline — or even in a sign-and-trade deal next summer. So while it would be nice to have an answer sooner rather than later, the two sides can afford to enter the regular season without an extension or trade.
The Pelicans have two more extension candidates with whom they’ll likely explore new deals before the season begins. Like Ingram, Jose Alvarado will be extension-eligible all year, but the team faces an October 21 deadline in its talks with Murphy. If Murphy hasn’t signed a rookie scale extension by that time, he’ll become a restricted free agent next July.
Murphy, 24, hasn’t made fewer than 38.0% of his three-point attempts in any of his three NBA seasons and has increased his shot volume every year, from 3.0 attempts per game as a rookie to 7.8 last season.
A player who can shoot like that and hold his own on defense is an extremely valuable asset and that will be reflected in his next contract. RJ Barrett, Jordan Poole, Tyler Herro, Jaden McDaniels, and Devin Vassell all received four- or five-year rookie scale extensions ranging from $107-135MM during the 2022 and 2023 offseasons. I expect Murphy to seek a deal at least in that neighborhood.
The cost for Alvarado shouldn’t be as high, but he’ll certainly be due a raise on his current minimum-salary contract after having established himself as a reliable rotation player for the Pelicans. The 26-year-old would be an unrestricted free agent next summer, so I expect New Orleans will make an effort to stop him from reaching the open market, but it remains to be seen how high the front office will be comfortable going for a reserve like Alvarado.
The Pelicans are currently carrying 15 players on standard contracts on three on two-way deals, so barring a preseason trade involving Ingram and/or a center, the roster looks pretty close to being set for the regular season.
We’ll see whether 15th man Matt Ryan opens the season on the roster or is waived for financial reasons. It’s also possible New Orleans will make a change or two to its two-way players — Malcolm Hill, whose two-way deal carried over from 2023/24, didn’t appear in a single game for the Pelicans last season, so it’s unclear whether he’s in their plans going forward. For what it’s worth, he had a strong year in the G League.