The Knicks have signed first-round pick Quentin Grimes, the team’s PR department tweets.
Grimes, the 25th pick, was acquired in a draft-night trade with the Clippers. The 6’5” guard out of the University of Houston averaged 17.8 PPG, 5.7 RPG and 2.0 APG last season.
Assuming the usual 120% above rookie scale offers made to first-round picks, Grimes will make $2.17MM. Over the next four seasons with raises, he’ll max out at $11.13MM.
The Celtics have offered Marcus Smart a four-year extension, longtime beat writer Mark Murphy tweets. The Celtics are awaiting a response from Smart’s agent, Jason Glushonworth, on an extension worth approximately $17MM annually, Murphy adds (Twitter link). The maximum possible extension the Celtics could give Smart would be worth around $77MM, Ryan McDonough of NBC Sports Boston tweets. The extension would kick in during the 2022/23 season. Smart has an expiring $14.33MM contract for next season.
We have more tidbits from the Eastern Conference:
Knicks forward Kevin Knox will not play for the team in the Las Vegas Summer League, the club announced today (via Twitter). According to the Knicks, Knox has been placed in the NBA’s health and safety protocols.
It’s unclear whether Knox has tested positive for COVID-19. Regardless, he’ll miss out on an important opportunity for offseason development following three underwhelming seasons with the Knicks, creating further uncertainty about his future with the franchise.
The Wizards continue to work through their complicated sign-and-trade acquisition of Spencer Dinwiddie, according to multiple reports.
Quinton Mayo (Twitter link) has heard the Bulls and Thunder mentioned as teams that could end up getting involved in a multi-team trade involving Dinwiddie. Mayo also reports that the Nets asked the Wizards for Deni Avdija during those negotiations, which Kristian Winfield of The New York Daily News (twitter link) corroborates.
If and when the Wizards, Nets, and other potential trade partners figure out a deal, Dinwiddie is expected to get a three-year, $62MM deal from Washington, reports Winfield (Twitter link).
Here are a few more updates from around the East:
12:55pm: Walker’s deal with the Knicks will be a two-year contract worth about $8-9MM annually, league sources tell Ryan McDonough of NBC Sports Boston (Twitter link).
9:03am: Veteran point guard Kemba Walker has agreed to a contract buyout with the Thunder, according to ESPN’s Adrian Wojnarowski (Twitter link), who reports that Walker will sign with the Knicks once he clears waivers.
The Thunder acquired Walker from Boston back in June in Brad Stevens‘ first major roster move as the Celtics’ president of basketball operations. Although that deal was considered a salary-dump, with Oklahoma City receiving a first-round pick for taking on Walker, a report last week stated the Thunder believed they might be able to flip him to another team for an asset. It appears those efforts were unsuccessful.
While Walker clearly wasn’t in Oklahoma City’s long-term plans, the fact that the team agreed to buy him out already is a little surprising, since the 31-year-old still had two years and nearly $74MM left on his contract. We’ll have to wait for details on how much of that money he’s giving up as part of the agreement with the Thunder.
The move will open up more playing time for the Thunder’s young ball-handlers besides Shai Gilgeous-Alexander, including Theo Maledon and Josh Giddey, notes Joe Mussatto of The Oklahoman (Twitter link).
The Knicks, meanwhile, are on track to add Walker using their leftover cap room. Based on the terms of their reported contract agreements to date, the Knicks project to have about $8-9MM in space available, and it sounds like the team won’t be making any additional cost-cutting moves to clear extra room to accommodate Walker, per Steve Popper of Newsday (Twitter link).
Jake Fischer of Bleacher Report confirms (via Twitter) that Walker’s deal with New York will be worth about $8MM annually, though it’s unclear how many years it will cover.
Walker, was limited to 43 games in 2020/21 due to knee issues, but put up strong numbers in the games he played, averaging 19.3 PPG, 4.9 APG, and 4.0 RPG on .420/.360/.899 shooting in 31.8 minutes per contest.
The four-time All-Star will join a Knicks backcourt that also features Derrick Rose, Immanuel Quickley, Alec Burks, and second-round pick Miles McBride. The team is also signing veteran swingman Evan Fournier in free agency to add some more scoring punch to its lineup.
The move represents a homecoming for Walker, who has been linked to the Knicks multiple times in the past. He was born and raised in the Bronx.
While it’s not out of the question that the Pacers will make a major trade this offseason, the team isn’t any rush to move Myles Turner or Malcolm Brogdon, the two names that pop up most frequently in Pacers-related trade rumors, writes J. Michael of The Indianapolis Star.
Of those two players, Turner is less likely to be dealt, according to Michael, who suggests that new head coach Rick Carlisle would like to try to figure out the best way to maximize the Turner/Domantas Sabonis duo. It’s possible Carlisle will split up the two Pacers bigs and have Turner come off the bench to start the season, Michael adds.
As for Brogdon, the Pacers have been trying to determine whether he’s the right long-term fit as the team’s point guard and leader, according to Michael. As Michael details, Indiana had some locker room issues in 2020/21 and president of basketball operations Kevin Pritchard suggested at the end of the season that the club lacked vocal leadership. The Pacers may expect more in that regard from Brogdon going forward.
Here’s more from around the East:
In a story for The New York Post, Marc Berman describes how the Knicks came to terms with free agent Evan Fournier while the veteran wingman is in the midst of an Olympic run with the French national team. Berman writes that Fournier’s relationship with former Magic head coach Steve Clifford, a close friend of Knicks head coach Tom Thibodeau, likely played a part in the Knicks’ decision to pursue the 6’7″ wing.
“I’d bet the Knicks signed him because Clifford raved to Thibs about how much Fournier wants to win and is about all the right things,’’ a source from Orlando told Berman. “Cliff says that Fournier is one of the toughest players — mentally and physically — that he’s ever coached.’’
We have more news from the Knicks:
Derrick Rose had received interest from the Pelicans, Wizards, Bulls, and Heat before re-signing with the Knicks, write Jeff Zillgitt and Mark Medina of USA Today. The USA Today adds that Kyle Lowry signing with the Heat helped usher Rose back to the Knicks and coach Tom Thibodeau. Rose agreed to a three-year, $43MM deal on Monday.
In the same piece, Zillgitt and Medina write that five other teams considered signing Nemanja Bjelica with their mid-level exception, but Bjelica prioritized signing with the Warriors instead. Bjelica agreed to a one-year deal for the veteran’s minimum earlier today.
We have more free agency rumors:
AUGUST 6: The Lakers have made it official with Nunn, announcing his new deal in a press release.
AUGUST 3: The Lakers and point guard Kendrick Nunn are in agreement on a two-year contract with a player option in year two, reports ESPN’s Adrian Wojnarowski (Twitter link).
Agent Adam Pensack tells Shams Charania of The Athletic (Twitter link) that the two-year deal will be worth $10MM, an indication that the Lakers are using the taxpayer mid-level exception to complete the signing.
Nunn turned down more money from the Knicks and other suitors in order to join the Lakers, according to Charania (Twitter link). He should get the opportunity to be Russell Westbrook‘s primary backup at the point on the new-look Lakers in 2021/22.
After beginning the free agency period as a restricted free agent, Nunn had his $4.7MM qualifying offer rescinded by the Heat once it became clear that there wouldn’t be room under the team’s hard cap to fit in a new deal for the 6’2″ guard. That made him unrestricted, opening the door for him to complete a contract agreement with the Lakers.
Nunn, who is celebrating his 26th birthday today, was out of Miami’s rotation at times in 2020/21, but played well when he saw regular minutes, averaging 14.6 PPG, 3.2 RPG, and 2.6 APG on .485/.381/.933 shooting in 56 games (29.5 MPG).
Having committed to using their taxpayer MLE, the Lakers now have a projected tax bill of $42.3MM, notes ESPN’s Bobby Marks (via Twitter).