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Pelicans Re-Sign Willy Hernangomez To Three-Year Deal

August 16th, 2021 at 2:08pm CST by Luke Adams

AUGUST 16: The Pelicans have officially re-signed Hernangomez, the team announced today in a press release. The club also confirmed Didi Louzada‘s new deal, which was finalized last week.

“The passion Willy and Didi have for their teammates and our greater Pelicans community is reflected every day in their approach to the game,” Pelicans head of basketball operations David Griffin said in a statement. “Their joyful outlook, work ethic, attention to detail and desire to grow and evolve as professionals has been infectious and we look forward to continuing towards our goals together deep into the future.”

AUGUST 6: The Pelicans have agreed to a three-year deal with Willy Hernangomez that will keep the veteran big man in New Orleans, agents Jim Tanner and Guillermo Bermejo tell Shams Charania of The Athletic (Twitter link). The third year will be a team option, tweets Christian Clark of NOLA.com.

Hernangomez, 27, spent his first four NBA seasons in New York and Charlotte before joining the Pelicans as a free agent last November. In his first year with the team, he averaged 7.8 PPG, 7.1 RPG, and 1.1 APG in 47 games (18.0 MPG) and was the starting center in the season’s final weeks.

Most recently, Hernangomez represented Spain in the Tokyo Olympics, posting a double-double (10 points, 10 rebounds) in the team’s quarterfinal loss to Team USA earlier this week.

Hernangomez was on a minimum-salary contract last season and New Orleans only held his Non-Bird rights, so the team’s ability to offer a raise without using cap room or another exception (ie. the mid-level) was limited. We’ll have to wait for the financial terms on Hernangomez’s deal to get a sense of how the Pelicans are re-signing him.

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Examining Career Paths Of Kira Lewis Jr., Herbert Jones

August 15th, 2021 at 9:16pm CST by JD Shaw
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Southwest Notes: Lowry, Louzada, Barea, Omoruyi

August 14th, 2021 at 5:07pm CST by Arthur Hill

The Mavericks were runners-up to the Heat in the free agency competition for Kyle Lowry, according to Barry Jackson of The Miami Herald. A source tells Jackson that the Mavs were willing to pay what Lowry was seeking and he was intrigued by the possibility of playing in Dallas, but his first choice was to join Jimmy Butler in Miami. Lowry wound up getting $85MM over three years, and joined the Heat in a sign-and-trade.

The Pelicans were also interested in Lowry and were willing to offer $90MM or more for three seasons, Jackson adds. However, Jackson’s source says Lowry didn’t give strong consideration to New Orleans.

There’s more from the Southeast Division:

  • The new four-year deal for Pelicans swingman Didi Louzada is valued at about $7.69MM, tweets Andrew Lopez of ESPN. The first two seasons are fully guaranteed and the final two are non-guaranteed. New Orleans held non-Bird rights on Louzada and his contract starts at 120% of the $1.489MM minimum, tweets Bobby Marks of ESPN. Marks notes that the Pelicans still have their entire $9.5MM mid-level exception available, along with a $17.1MM trade exception.
  • Longtime Mavericks player J.J. Barea will return to the organization in some capacity, according to Brad Townsend of The Dallas Morning News (Twitter link). The exact role hasn’t been finalized for Barea, who spent 11 of his 14 NBA seasons with the Mavs. “I’m going to be involved, and I’m definitely excited,” said Barea, who served as an unofficial assistant coach in today’s Summer League game.
  • Rookie forward Eugene Omoruyi talked to Townsend after signing a two-way contract with the Mavericks on Friday (video link).
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Largest Trade Exceptions Created This Offseason

August 13th, 2021 at 3:09pm CST by Luke Adams

A total of 26 trades have been completed to so far during the 2021 NBA offseason, and many of those deals generated at least one “traded player exception.”

As we explain in our glossary, a traded player exception allows a team to take on salary in a trade without sending out any salary in return. The amount of the exception plus $100K is the amount of salary the team is permitted to take back without salary-matching – either in a single deal or in multiple trades – for one year.

For instance, a team with a $10MM trade exception could acquire a player earning $4MM and a player earning $6.1MM without having to worry about sending out any outgoing salary.

One of the biggest trade exceptions ever created – the Thunder‘s $27.5MM TPE from last November’s Steven Adams trade – expired last week without being used, but Oklahoma City still has a pair of sizeable exceptions to work with, as our tracker shows. The team could also create upwards of $30MM in cap space by renouncing all its exceptions, including the mid-level and bi-annual.

While the Thunder have some big traded player exceptions, they aren’t one of the teams that created sizable new TPEs in offseason deals this year. Here are the largest new trade exceptions generated this summer:

  1. New Orleans Pelicans: $17,073,171 (Steven Adams)
  2. Brooklyn Nets: $11,454,048 (Spencer Dinwiddie)
  3. Dallas Mavericks: $10,865,952 (Josh Richardson)
  4. Boston Celtics: $9,720,900 (Tristan Thompson)
    • Note: It’s unclear whether the Celtics absorbed Bruno Fernando‘s salary ($1,782,621) using the Thompson exception or their Kemba Walker trade exception ($6,879,100). We’re assuming for now that Fernando slotted into the Walker exception, reducing its value to $5,096,479. However, if he went into the Thompson TPE, its value would be reduced to $7,938,279.
  5. Utah Jazz: $7,475,379 (Derrick Favors)
    • Note: There was an expectation that the Jazz would slot Eric Paschall‘s salary ($1,782,621) into one of two trade exceptions that were set to expire on August 6. However, it appears the deal wasn’t completed until August 7 for logistical reasons, meaning the Favors TPE (originally $9,258,000) would’ve had to be used.
  6. Indiana Pacers: $7,333,333 (Doug McDermott)
  7. Chicago Bulls: $5,000,000 (Daniel Theis)

For a second straight year, a team generated the largest trade exception of the offseason by trading Adams. This time around, it was the Pelicans, who cleverly folded separate trade agreements with the Grizzlies and Hornets into one three-team deal, sending Wesley Iwundu to Charlotte to ensure that Adams’ salary wouldn’t be required for matching purposes.

The Pelicans and Mavericks are the two best candidates on this list to make use of their newly-created exceptions at some point. The larger the exception is, the easier it is to find a use for, and those are two of the three biggest in this group.

The other big TPE belongs to the Nets, but they’re already way over the tax line and will be reluctant to take on more salary unless they have a really good reason to do so. That’s probably true of most of the other teams on this list too — the Celtics and Jazz in particular have to be conscious of luxury-tax concerns as they mull the possibility of taking on additional salary. New Orleans and Dallas have more wiggle room, while the Pacers and Bulls are somewhere in between.

The full list of available trade exceptions can be found here.

Salary information from Basketball Insiders was used in the creation of this post.

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Clippers, Spurs Among Teams Facing Potential Roster Crunch

August 13th, 2021 at 10:19am CST by Luke Adams

NBA teams are permitted to carry up to 20 players during the offseason, so no clubs have been forced to cut anyone to make room for new additions so far this summer. However, once the regular season begins in October, teams must trim their rosters to 15 players (not counting two-way contracts), and there are already a handful of clubs that may face some difficult decision to get down to that number.

Of course, there’s plenty of time for these teams to figure out how their regular season rosters will look and make the necessary trades or cuts. It’s only mid-August after all.

Still, we wanted to check in on these teams to preview some of the decisions they may be facing in the coming weeks and months.

Let’s dive in…

Los Angeles Clippers:

After officially completing their new deal with Kawhi Leonard on Thursday, the Clippers now have 15 players on guaranteed contracts, and Nicolas Batum will become the 16th once he officially finalizes his new contract with the team.

Yogi Ferrell remains under contract on a non-guaranteed salary, but it’s hard to see how he’ll fit on the regular season roster, since the club would have to remove two players on guaranteed salaries in order to keep him.

Perhaps the Clippers, who are facing a projected $125MM tax bill in 2021/22, will make a surprise trade involving a veteran on an expiring contract in order to cut costs, but it’s hard at this point to imagine the team salary-dumping a player like Patrick Beverley, Serge Ibaka, or Rajon Rondo.

This year’s second-round picks, Jason Preston and Brandon Boston, signed deals with two guaranteed seasons and should be safe, but last year’s second-rounder – Daniel Oturu – is on an expiring $1.52MM deal and could be at risk of losing his roster spot following a quiet rookie season.

San Antonio Spurs:

The Spurs are currently at 14 players on guaranteed contracts and one (Drew Eubanks) with a small partial guarantee of $500K. Their offseason moves aren’t all done though — Bryn Forbes and Jock Landale have yet to sign their contracts, and second-rounder Joe Wieskamp is unsigned too.

We don’t know the exact salary details for Forbes and Landale. However, Forbes seems like a safe bet for a full guarantee. It’s possible Landale’s deal won’t be guaranteed, which would make him and Eubanks potential odd men out. The Spurs also have an open two-way slot, which perhaps they’d like to use on Wieskamp.

If San Antonio wants to carry at least one of Eubanks, Landale, and Wieskamp on its 15-man regular season roster, Al-Farouq Aminu would be the most logical odd man out. Injuries have limited him to just 41 games over the last two seasons, he’s on an expiring contract, and he was included in the DeMar DeRozan sign-and-trade for salary-matching purposes.

Detroit Pistons:

It was a little surprising when the Pistons brought back Rodney McGruder on a guaranteed minimum-salary deal just a few days after waiving him. McGruder is Detroit’s 15th guaranteed contract, and the team has yet to sign restricted free agent Hamidou Diallo or second-round picks Luka Garza and Balsa Koprivica.

The Pistons are reportedly using one of their two-way contract slots on undrafted rookie Chris Smith, but that leaves one for Koprivica or Garza. Jahlil Okafor, who is on expiring $2.13MM contract, is probably the most expendable of the 15 players on guaranteed deals.

But even if, say, Koprivica fills a two-way slot and Diallo replaces Okafor on the 15-man roster, one more move would be necessary to accommodate Garza. Perhaps Detroit can stash Koprivica in the G League or an international league and use that second two-way spot on Garza.

New York Knicks:

The Knicks are carrying just 10 players on fully guaranteed contracts for the time being, but they still need to officially complete deals for Evan Fournier, Alec Burks, Derrick Rose, and Taj Gibson. That’ll bring the total to 14.

The team is also carrying Luca Vildoza on a non-guaranteed deal, has reached an agreement to sign Dwayne Bacon, and has No. 34 overall pick Rokas Jokubaitis talking about wanting to make this year’s roster.

We don’t know the full details on Bacon’s contract yet, but if it’s not fully guaranteed, he could end up battling Vildoza for the final spot on the 15-man squad, with Jokubaitis returning to Europe for at least one more year.

A few other situations worth noting:

  • The Celtics will have 15 fully guaranteed contracts once Dennis Schröder and Enes Kanter officially sign, making Jabari Parker (non-guaranteed) the odd man out unless a player like Kris Dunn or Bruno Fernando is traded.
  • The Nets have 13 players on guaranteed contracts, with DeAndre’ Bembry on a partial guarantee and Alize Johnson on a non-guaranteed deal. Second-round picks Kessler Edwards, Marcus Zegarowski, and RaiQuan Gray are all unsigned, as is two-way RFA Reggie Perry. Two of those players will likely end up on two-way deals and one of the second-rounders probably replaces Johnson on the 15-man roster. However, there’s not really a path to Edwards, Zegarowski, and Gray all claiming standard contracts or two-way deals unless one of Bembry or Perry is cut loose.
  • The Warriors have 13 players on fully guaranteed deals, meaning not all three of Damion Lee, Mychal Mulder, and Gary Payton II (all non-guaranteed) will make the team. Mulder and Payton may end up fighting for the 15th spot.
  • If the Pelicans sign RFA Josh Hart and second-round pick Herb Jones to guaranteed contracts, they’ll have 15 of them, making Wenyen Gabriel (non-guaranteed) the likely odd man out.
  • The Sixers have 13 players on guaranteed contracts, with Paul Reed and Anthony Tolliver on non-guaranteed deals and second-round picks Charles Bassey and Filip Petrusev unsigned. Bassey figures to get a 15-man spot, since both of the team’s two-way slots are full, and I’d be surprised if Reed goes anywhere. That might mean Tolliver is waived, with Petrusev remaining overseas.
  • The Kings will have 14 players on guaranteed contracts once Alex Len officially signs, leaving Chimezie Metu (partially guaranteed) and Justin James (non-guaranteed) battling for the 15th spot.
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NBA Teams With Hard Caps For 2021/22

August 12th, 2021 at 1:19pm CST by Luke Adams

The NBA salary cap is somewhat malleable, with various exceptions allowing every team to surpass the $112,414,000 threshold once their cap room is used up. In some cases, teams blow past not only the cap limit, but the luxury-tax line of $136,606,000 as well — the Nets and Warriors, for instance, project to have nine-figure tax bills this season as a result of their spending.

The NBA doesn’t have a “hard cap” by default, which allows clubs like Brooklyn and Golden State to build a significant payroll without violating CBA rules. However, there are certain scenarios in which teams can be hard-capped, as we explain in a glossary entry.

When a club uses the bi-annual exception, acquires a player via sign-and-trade, or uses more than the taxpayer portion of the mid-level exception (three years, starting at $5,890,000), that club will face a hard cap for the remainder of the league year.

When a team becomes hard-capped, it cannot exceed the “tax apron” at any point during the rest of the league year. The tax apron for 2021/22 was set at $143,002,000.

So far, over a third of the teams in the NBA have been willing to hard-cap themselves this offseason. Some teams will have to be aware of that hard cap when they consider any roster move for the rest of the season, but for others it’s just a technicality that won’t affect their plans.

Listed below are the hard-capped teams for the 2021/22 league year, along with how they created a hard cap.

Chicago Bulls

Cleveland Cavaliers

Dallas Mavericks

Houston Rockets

Miami Heat

  • Acquired Kyle Lowry from Raptors via sign-and-trade.
  • Used non-taxpayer mid-level exception on P.J. Tucker.

New Orleans Pelicans

New York Knicks

Oklahoma City Thunder

San Antonio Spurs

Toronto Raptors

  • Used non-taxpayer mid-level exception on Khem Birch.

Washington Wizards

This list, which could continue to grow, will continue to be updated throughout the 2021/22 league year as necessary. It can be found anytime in the “Hoops Rumors Features” menu on the right-hand sidebar of our desktop site, or in the “Features” menu on our mobile site.

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Southwest Notes: Z. Collins, Grizzlies, Doncic, Pelicans

August 12th, 2021 at 9:32am CST by Luke Adams

Zach Collins‘ new three-year deal with the Spurs, reported to be worth $22MM, will technically come in at $22.05MM, but a significant chunk of the deal is non-guaranteed, reports ESPN’s Bobby Marks (Twitter link).

According to Marks, Collins will earn a fully guaranteed $7MM salary in 2021/22, but only half of his $7.35MM salary in ’22/23 is guaranteed and his $7.7MM cap hit for ’23/24 is fully non-guaranteed.

Collins, who has undergone multiple foot surgeries during the last two seasons and has been limited to 11 total games during that time, is assured of receiving at least $10.675M on his new contract. However, if he continues to battle health problems, the Spurs could cut ties as early as next summer without a major financial hit.

Here’s more from around the Southwest:

  • In a look at the Grizzlies‘ roster situation, Chris Herrington of The Daily Memphian notes that it remains unclear what the team’s plan is for Eric Bledsoe. When Memphis first agreed to its trade with New Orleans in July, a report indicated that Bledsoe likely wouldn’t play for the Grizzlies, but the veteran guard remains on the roster for the time being.
  • Appearing at Summer League in Las Vegas after returning from Slovenia, new Mavericks president of basketball operations Nico Harrison said the front office’s trip to Luka Doncic‘s home country was “bigger than just a big contract” and was about showing “respect” to the team’s franchise player. Brad Townsend of The Dallas Morning News has the story.
  • Exploring the NBA’s investigation into the Bulls’ and Heat’s sign-and-trade acquisitions of Lonzo Ball and Kyle Lowry, respectively, veteran NBA reporter Marc Stein suggests the Pelicans and Raptors may not face any penalties if last year’s Bogdan Bogdanovic case is any indication — Milwaukee was fined and docked a draft pick, but Sacramento wasn’t disciplined. While Stein may be right, I think the Pelicans have reason to be concerned. If the league’s focus is on sign-and-trade acquisitions completed suspiciously quickly, it’s worth noting that New Orleans received Garrett Temple via sign-and-trade as part of the Ball deal.
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Southwest Notes: Graham, Brooks, McDermott

August 10th, 2021 at 7:48pm CST by Eli Cohen

The Pelicans’ newest point guard, Devonte’ Graham, is coming to New Orleans with an open mind, writes Christian Clark of NOLA.com.

Graham has bounced between roles during his three years in the league, and he’s using that experience to stay flexible with his new team.

“I do whatever is needed from the coaching staff,” Graham said. “You guys followed me with the Hornets. I started, I came off the bench. I played the one, I played the two. Whatever role they need from me, I’m going to do that to try to help the team win.”

The 26-year-old added that he’s already worked out with Nickeil Alexander-Walker, who is presumed to be penciled in as the starting shooting guard next to Graham when the season starts. Alexander-Walker had a breakout last season when he averaged 19 PPG, five RPG and three APG in 13 games as a starter towards the end of the season, including two 30-point outbursts.

We have more from around the Southwest Division:

  • Graham also reflected on his time with the Hornets, and holds no hard feelings for how the business side played out, writes Jonathan M. Alexander for The Charlotte Observer. “Their development program, the G League helped me a lot,” Graham said. “I just tried to get better at something every summer. One day it was threes, another day it was passing. I just tried to do something little every summer.”
  • Grizzlies starting shooting guard Dillon Brooks suffered a hand injury during an offseason workout, tweets Michael Wallace of Grizzlies.com. Wallace adds that Brooks, who is currently in a brace, is expected to be ready for the start of training camp in September.
  • Doug McDermott calls joining the Spurs a dream come true, writes The San Antonio Express-News’ Tom Orsborn. “Growing up watching all those (Spurs) teams win championships, I always kind of modeled my game after being a guy in this type of system,” he said. The veteran wing is hoping that his off-ball movement can open up the floor for the Spurs’ many young guards to attack the rim.
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Pelicans Sign Trey Murphy III To Rookie Contract

August 10th, 2021 at 4:24pm CST by Eli Cohen

The Pelicans have officially signed No. 17 overall pick Trey Murphy III to his rookie scale contract, according to the team’s transactions page at NBA.com.

The 21-year-old wing, who was selected by the Pelicans after the team traded back from the 10th pick, was a highly-coveted prospect in the middle of the first round due to his combination of athleticism, size, defense, and shooting.

After transferring from Rice University to Virginia, Murphy averaged 11.3 PPG and 3.4 RPG while posting a hyper-efficient 43.3/50.3/92.7 shooting line. While there were questions about Murphy’s ability to create his own shot, the 6’9″ combo forward was a perfect fit for a Pelicans team desperate for shooting and defense.

Murphy had maybe the most impressive rookie debut of the Las Vegas Summer League on Monday, putting up 26 points, nine rebounds, two assists, and no turnovers while shooting six of nine from three, all in just over 27 minutes.

As our breakdown of 2021 rookie salaries shows, assuming he signs for 120% of his rookie scale amount, Murphy’s four-year contract should be worth about $14.8MM, with a first-year salary of $3.05MM.

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Fischer’s Latest: Markkanen, DeRozan, Hield, Hart, Suns, More

August 10th, 2021 at 11:58am CST by Luke Adams

The Pelicans, Mavericks, Celtics, and Timberwolves are among the teams that have shown interest in Bulls restricted free agent Lauri Markkanen, according to Jake Fischer of Bleacher Report, who hears from sources that the price tag on the power forward would be about $15MM per year.

Landing Markkanen would be a challenge for any of those teams, however, as they’re all over the cap and would have to acquire the RFA forward via sign-and-trade. New Orleans has a traded player exception big enough to fit Markkanen, but the other teams would likely to have rely on salary-matching or offer him a lower salary (Dallas has a TPE worth $10.872MM, while Boston has one worth $9.72MM). Acquiring a player via sign-and-trade also results in a hard cap, which the Celtics are reportedly resisting.

On top of all that, Fischer confirms a previous report that the Bulls are seeking a first-round pick to accommodate a Markkanen sign-and-trade and don’t want to take on any salary, preferring any contracts to be rerouted to a third team. If they maintain that stance, the Bulls would make it very difficult for Markkanen to do anything but accept his $9MM qualifying offer.

“Chicago is playing this masterfully from no other perspective than a contract management standpoint,” a team capologist told Fischer. “It won’t do any favors relationship-wise, but they’re bleeding his market based on their tax situation, and nobody else can offer him any kind of money without them.”

As we wait to see what happens with Markkanen, it’s worth noting that the Hornets – previously rumored to be eyeing the forward – weren’t listed by Fischer as one of the teams in the hunt, and president of basketball operations Mitch Kupchak told reporters today that the team is likely done with its “heavy lifting” this offseason (Twitter link via Rod Boone of SI.com).

Here’s more from Fischer:

  • The Sixers, Suns, Trail Blazers, Warriors, Celtics, and Knicks were among the teams that expressed interest in DeMar DeRozan before he reached a deal with the Bulls, per Fischer. However, New York agreed to sign Evan Fournier and most of the other teams would’ve had to figure out complicated sign-and-trade arrangements to accommodate DeRozan, who never really entertained the idea of signing for the mid-level exception, sources tell Fischer.
  • The Pelicans and Kings discussed the possibility of swapping Buddy Hield and Josh Hart (via sign-and-trade) as part of New Orleans’ trade with Memphis, Fischer writes. It’s unclear if anything along those lines is still being considered now that the Pelicans’ deal with the Grizzlies has been completed — base year compensation rules would complicate a one-for-one swap.
  • The Suns are weighing their options for their final open roster spot and have gauged the trade value of 2020 lottery pick Jalen Smith, sources tell Fischer.
  • The Raptors will meet with Goran Dragic‘s camp at Summer League in Las Vegas to further discuss the point guard’s situation, according to Fischer.
  • Zach LaVine has told Bulls staffers he’s committed to improving defensively next season, Fischer says.
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