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Pelicans Sign Jose Alvarado To Two-Way Deal

August 18th, 2021 at 8:02pm CST by Alex Kirschenbaum

AUGUST 18: Alvarado has signed his two-way contract, Andrew Lopez of ESPN tweets.

JULY 30: The Pelicans are set to sign a two-way deal with Georgia Tech point guard Jose Alvarado, reports Ken Sugiura of the Atlanta Journal-Constitution (Twitter link).

Alvarado logged four seasons with the Yellow Jackets. During his 2020/21 senior season, Alvarado averaged 15.2 PPG, 4.1 APG, 3.5 RPG, and a whopping 2.8 SPG, on .504/.390/.838 shooting.

The 2020/21 ACC Defensive Player of the Year, Alvarado was also a two-time All-ACC honoree and was named to the 2020/21 All-ACC Tourney team. The 23-year-old Brooklyn native is considered a solid shooter, off-ball scorer and playmaker, but his lack of size or athleticism could limit his NBA ceiling.

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Pelicans Sign Daulton Hommes To Two-Way Contract

August 18th, 2021 at 5:05pm CST by Alex Kirschenbaum

AUGUST 18: The Pelicans have officially signed Hommes to his two-way contract, according to NBA.com’s transactions log.

AUGUST 9: The Pelicans are set to add 25-year-old rookie swingman Daulton Hommes on a two-way contract, Excel Basketball agent James Dunleavy informs Adrian Wojnarowski of ESPN (via Twitter).

Woj notes that Hommes is currently on the Pelicans’ Las Vegas Summer League team. After going undrafted in 2019 out of Point Loma Nazarene, Hommes spent his first pro season in the NBA G League playing for the Austin Spurs in 2019/20. In 36 games for Austin, Hommes averaged 8.3 PPG on 42.2% field goal shooting, to go along with 3.5 RPG and 1.2 APG. After that, he suited up overseas in Italy for Vanoli Cremona during the 2020/21 season.

Prior to embarking on his pro career, the 6’8″ forward was honored as the 2019 NABC Division II Player of the Year, as well as a First-Team Division II All-American.

As a two-way player, Hommes will be eligible to appear in 50 games for the Pelicans. He will also log time with New Orleans’s new G League affiliate, the Birmingham Squadron, during its debut season.

Hommes appears set to be the second and final two-way player on the Pelicans’ roster. It was previously reported that former Georgia Tech point guard Jose Alvarado would occupy the Pelicans’ other two-way player slot for the 2021/22 season.

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Pelicans Notes: Hernangomez, Jones, Murphy, Marshall, Green

August 17th, 2021 at 3:14pm CST by Luke Adams

Willy Hernangomez‘s new three-year contract with the Pelicans will be fully guaranteed for the first two years with a team option for year three, according to Andrew Lopez of ESPN (Twitter link).

Lopez also provides the year-by-year breakdown of Hernangomez’s new deal. The Pelicans held the big man’s Non-Bird rights, giving them the ability to offer a starting salary worth 120% of his $1,939,350 minimum salary. That means Hernangomez will earn $2,327,220 in 2021/22, with 5% annual raises on that amount. The three-year contract will be worth about $7.33MM in total.

Here’s more on the Pelicans:

  • Herb Jones‘ three-year contract with the Pelicans will be worth more than the minimum for the first two seasons, according to Lopez, who tweets that the No. 35 pick will earn $1.7MM in 2021/22 and $1.785MM in ’22/23. Both of those amounts will be fully guaranteed, followed by a minimum-salary ($1.836MM) team option in ’23/24. New Orleans is using a small part of its mid-level exception on Jones.
  • William Guillory of The Athletic checks in on the Pelicans who have turned heads at the Las Vegas Summer League, writing that Trey Murphy and Naji Marshall look capable of emerging as regular rotation players on the wing. New head coach Willie Green has also done a good job emphasizing ball movement and defensive activity, according to Guillory, who says those are two areas the team needs to improve in 2021/22.
  • After reaching a deal with restricted free agent Josh Hart, the Pelicans look like they’ll be just about finished with their offseason business, writes Christian Clark of NOLA.com. The team will have 15 players on guaranteed contracts and will have to rely heavily on internal growth from its young players in order to compete for a playoff spot in 2021/22.
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Pelicans Sign Herb Jones To Three-Year Deal

August 16th, 2021 at 3:34pm CST by Luke Adams

3:34pm: Jones’ deal with the Pelicans is now official, the team announced in a press release.

1:17pm: The Pelicans have reached an agreement to sign second-round pick Herb Jones to a three-year contract, according to Will Guillory of The Athletic (Twitter link). The third year of the deal will be a team option, Guillory reports.

Jones, 22, is a 6’8″ forward who spent all four years of his college career at Alabama. As a senior in 2020/21, he averaged 11.2 PPG, 6.6 RPG, and 3.3 APG on .446/.351/.713 shooting in 33 games (27.3 MPG). The No. 35 overall pick, who also contributed 1.7 SPG and 1.1 BPG, was named the SEC Player of the Year and SEC Defensive Player of the Year.

While the exact terms of Jones’ new deal aren’t yet known, two guaranteed years has been the standard for players drafted in his range. The Pelicans will use a small portion of their mid-level exception to complete the signing, so they could go a little higher than the rookie minimum if they so choose.

Once New Orleans officially signs Jones and free agent big man Willy Hernangomez, the team will have 15 players on standard contracts, with Josh Hart still a restricted free agent. If Hart were to re-sign with the Pels, Wenyen Gabriel (who is on a non-guaranteed deal) would likely be the odd man out.

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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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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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