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Cavaliers Re-Sign Isaac Okoro To Three-Year Contract

September 17th, 2024 at 7:18pm CST by Rory Maher

SEPTEMBER 17: Okoro’s new deal is official, the Cavaliers confirmed today in a press release.

SEPTEMBER 14: The Cavaliers are re-signing restricted free agent Isaac Okoro to a three-year, $38MM contract, agents Michael Tellem, Jeff Schwartz and Marcus Monk tell Adrian Wojnarowski of ESPN.

Okoro, 23, came in at No. 20 on our list of 2024’s top 50 free agents, making him the top remaining player who had yet to sign a new deal. It took more than two months, but the NBA’s lone restricted free agent has reached an agreement to return to Cleveland.

As ESPN’s Bobby Marks tweets, Okoro’s $11.8MM qualifying offer would have expired on Oct. 1, though he still would’ve been a restricted free agent had a deal not been reached by that point. The Cavs were approximately $10.4MM below the luxury tax line before accounting for Okoro’s new contract, Marks adds.

According to Chris Fedor of Cleveland.com (Twitter link), Okoro’s three-year deal features $33MM in guaranteed money. Sources tell Michael Scotto of HoopsHype that Okoro’s contract features some unlikely bonuses tied to his team’s success (Twitter link).

The No. 5 overall pick of the 2020 draft, Okoro averaged 9.4 points, 3.0 rebounds and 1.9 assists while shooting a career-best 39.1% from three-point range in 69 regular season games in 2023/24, including 42 starts (27.3 minutes per contest). The 6’5″ wing is primarily known for his defense, particularly on the ball, where he’s frequently tasked with guarding the opposing team’s best perimeter player.

When we polled our readers about Okoro’s situation last week, 59% of those who voted thought he would end up accepting his qualifying offer — essentially just a one-year contract — to hit unrestricted free agency in 2025. About 17% thought he would re-sign with the Cavs on a multiyear contract.

Scotto reports (via Twitter) that the Nets and Hornets were among the teams that showed sign-and-trade interest in Okoro before he agreed to a new contract with Cleveland.

Once Okoro’s signing is official, the Cavs will have 14 players on standard contracts, though only 11 of those deals are fully guaranteed. Tristan Thompson and Sam Merrill are on non-guaranteed contracts, while Craig Porter Jr. has a $1MM partial guarantee on his $1.89MM salary. All three of the team’s two-way slots are filled.

2027/28 Season Viewed As Target For NBA Expansion

September 17th, 2024 at 4:00pm CST by Luke Adams

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.

Kenrich Williams Undergoes Procedure On Right Knee

September 17th, 2024 at 9:49am CST by Luke Adams

Thunder forward Kenrich Williams underwent a successful arthroscopic debridement procedure on his right knee on Tuesday in New York, the team announced today.

According to the Thunder, Williams will be reevaluated after the preseason. That means he’ll miss all of training camp and the preseason, and there’s certainly no guarantee he’ll be ready to go when the regular season gets underway.

Williams, 29, saw his playing time decline last season for the Thunder after averaging 22.0 minutes per game in his first three years in Oklahoma City. In 69 games in 2023/24, the 6’6″ wing averaged 4.7 points and 3.0 rebounds in just 14.9 minutes per contest.

A solid defender who has made 38.8% of his attempts from beyond the arc since joining the Thunder in 2020, Williams slid down the depth chart as a result of younger players like Jalen Williams, Isaiah Joe, Aaron Wiggins, and Cason Wallace taking on increased roles. Although Williams is still a quality depth piece for OKC, it likely won’t have a significant impact on the team’s rotation if he has to miss time this fall.

Williams is under contract for approximately $13.8MM over the next two seasons, with the Thunder holding a $7.2MM team option for 2026/27.

Lakers Sign Christian Koloko To Two-Way Deal

September 16th, 2024 at 3:44pm CST by Rory Maher

SEPTEMBER 16: The Lakers have officially signed Koloko, according to the team, who confirmed in a press release that they’ve waived Hinson to open up a spot for the newcomer.

SEPTEMBER 14: The Lakers and free agent big man Christian Koloko have agreed to a contract, agent Calvin Andrews tells Shams Charania of The Athletic (Twitter link). Koloko will get a chance to compete for frontcourt minutes in Los Angeles, per Charania.

Koloko is expected to sign a two-way deal, according to Dan Woike of The Los Angeles Times (Twitter link), which means the Lakers will need to release one of their current two-way players. Armel Traore, Blake Hinson, or Colin Castleton currently occupy L.A.’s two-way slots.

Koloko is on the comeback trail after missing the entire 2023/24 season due to a blood clot issue. Sportsnet’s Blake Murphy reported in July that the seven-footer had received medical clearance to resume playing, while Andrews said last month that his client had a “major breakthrough” with his blood clot issue, which was addressed via corrective surgery.

Koloko is still awaiting formal clearance from the NBA’s Fitness-to-Play panel. Sources tell Woike (Twitter link) that while the 24-year-old can technically sign the contract before receiving clearance from the panel, the signing will have to be reviewed by the NBA, and he can’t participate in on-court work until he’s cleared.

The Clippers, the Spurs, and his former team, the Raptors, were also interested in signing Koloko, as Charania reported on Friday night.

The 33rd overall pick in the 2022 draft, Koloko appeared in 58 games for Toronto as a rookie, averaging 3.1 points, 2.9 rebounds, and 1.0 block in 13.8 minutes per game across 58 appearances (19 starts). He was the Pac 12’s Defensive Player of the Year and Most Improved Player in his final college season at Arizona in 2021/22.

The Lakers will be without center Christian Wood this fall after the big man recently underwent knee surgery that is expected to sideline him for at least eight weeks, so they could use more depth up front.

T.J. Warren, Nassir Little Working Out For Kings

September 16th, 2024 at 11:59am CST by Arthur Hill

T.J. Warren is among several veteran players working out for the Kings this week, sources tell Sam Amick of The Athletic (Twitter link). The team is also auditioning Nassir Little and Jae Crowder, whose workout was reported earlier.

Warren, 31, was out of the NBA for most of last year before landing a pair of two-way contracts with the Timberwolves in March and eventually signing for the rest of the season. He got into 11 games with Minnesota, averaging 3.7 points and 2.0 rebounds in 11.4 minutes per night, but made just three brief appearances during the playoffs.

Warren hasn’t played a full season with anyone since he suffered a left foot injury that caused him to miss the entire 2021/22 campaign. He spent most of his career with the Suns and Pacers and was a star with Indiana in the Orlando “bubble” after the 2020 hiatus ended.

Little, 24, has been a free agent since Phoenix waived him late last month. The combo forward appeared in 45 games for the Suns last season, making two starts and posting 3.4 points and 1.7 rebounds in 10.2 minutes per night. He spent his first four NBA seasons in Portland before coming to Phoenix in a three-team trade last September.

Crowder, 34, played the past year and a half with the Bucks and averaged 6.2 points and 3.2 rebounds in 50 games last season while making 25 starts.

The Kings already have 14 players on standard contracts and would move into luxury tax territory by filling their 15th roster spot. However, two of those contracts aren’t fully guaranteed, so they will have options if somebody is impressive in a workout.

Keon Ellis seems safe on a non-guaranteed contract, but Orlando Robinson only has a $500K partial guarantee. Their contracts won’t become fully guaranteed until January 10, the league-wide guarantee date.

With 20 players currently on its offseason roster, Sacramento can make one more addition before the start of training camp.

Kyle Kuzma Wants To Play In 2028 Olympics

September 16th, 2024 at 9:21am CST by Arthur Hill

Wizards forward Kyle Kuzma is hoping to play in the 2028 Olympics, and he’s willing to represent another nation if he doesn’t land a spot with Team USA. In an interview with All-Star Magazine (YouTube link), Kuzma talked about watching the U.S. win a gold medal in Paris last month and wanting to be part of that experience.

“My number one goal is to play with Team USA in the Olympics, 100%, in four years,” he said during a visit to Manila. “I had the opportunity to play for Team USA back in the 2019 FIBA World Cup before I broke my foot, but I think it’s really cool that other players are going other places to play. Because it’s very, very tough to play for Team USA. It’s the top of the top, and it’s a little political at some times. But I’m going to work really hard and hopefully one day I can get back there.”

Kuzma celebrated his 29th birthday this summer, so he’ll be 33 when the Olympic Games return to Los Angeles in four years, likely making it his last chance to participate. While the Flint, Michigan, native prefers to represent his native country, he expressed an openness to the idea of playing for the Philippines national team, which would require clearance from FIBA and Team USA.

“I could rock out with JC (Jordan Clarkson),” Kuzma said. “That’d be cool.”

Kuzma is currently preparing for his eighth NBA season and his fourth with Washington. He’s one of the few veteran players on the Wizards, who are in the midst of a youth movement and are likely to have one of the top picks in next year’s draft.

Kuzma’s long-term role with the franchise appears uncertain. He’s coming off one of the best seasons of his career — averaging 22.2 points, 6.6 rebounds and 4.2 assists in 70 games — so he could have more value to a contender, and the front office may be willing to part with him to add to its stockpile of draft assets. Kuzma has three seasons remaining on the extension he signed last summer, so he doesn’t have much leverage if he decides he’d rather play for a team with a better chance of winning.

Among the other topics Kuzma addressed in the interview was his admiration for Heat president Pat Riley, although their paths have never crossed in the NBA.

“I’ve always admired him,” Kuzma said. “I just admired his no-nonsense approach when it came to basketball, and being professional, because that’s me. When I’m off the court, I’m very fun, I have all these different passions, but when I step (on the court), I’m very serious because I love it and it’s important to me. I just love what he stands for and his tutelage of the sport. From the Showtime (Lakers) years up until just building what the Heat culture is, it’s pretty phenomenal.”

Knicks Sign Marcus Morris To Exhibit 9 Deal

September 15th, 2024 at 5:37pm CST by Alex Kirschenbaum

Marcus Morris is heading back to New York — at least, for now.

The Knicks have signed the free agent veteran forward to a non-guaranteed Exhibit 9 training camp deal, New York announced in a press statement (Twitter link).

An Exhibit 9 contract contains language that protects teams in the event of a preseason injury. As detailed in our glossary entry, the Knicks would only be on the hook for $15K should Morris get hurt while under contract, rather than having to cover the prorated portion of his salary until he recovers.

Unlike an Exhibit 10 deal, an Exhibit 9 contract cannot be converted into a two-way deal prior to the season, though Morris has too many years of NBA service to be eligible for a two-way anyway. The veteran forward also won’t be eligible for the Exhibit 10 bonus (worth up to $77.5K) available to players who are cut and then spend time with their team’s G League affiliate.

Morris is the second NBA veteran this weekend to have signed with the Knicks on an Exhibit 9 contract, along with the previously announced addition of shooting guard Landry Shamet.

New York has 14 of its 15 standard roster spots occupied. It seems likely that Morris will compete against Shamet and combo forward Chuma Okeke for that final slot. Shamet and Morris could theoretically add some floor-spacing depth for a Knicks club that is looking to improve on its 50-32 record last season and advance to its first Eastern Conference Finals in 25 years.

Across 13 pro seasons, the 6’8″ Morris has suited up for the Rockets, Suns, Pistons, Celtics, Clippers, Sixers and Cavaliers. Morris last played for New York during the first half of the 2019/20 season, during David Fizdale‘s final days on the team’s bench.

In his prime, the now-35-year-old was a stellar 3-and-D role player on several deep playoff clubs.

The Kansas alum split his 2023/24 season between Philadelphia and Cleveland as a veteran reserve, logging an average of 6.4 points, 2.7 rebounds, and 0.7 assists per game with a shooting line of .439/.403/.818.

Spurs Waive Jamaree Bouyea

September 15th, 2024 at 1:50pm CST by Arthur Hill

1:50pm: The Spurs have officially waived Bouyea, per a press release from the team.

10:40am: The Spurs will open up a two-way roster spot by waiving Jamaree Bouyea, league sources tell Michael Scotto of HoopsHype (Twitter link).

The 25-year-old guard signed a two-year contract with the team in March and appeared in three games. He spent most of last season in the G League, averaging 17.1 points, 7.3 assists, 6.0 rebounds, 2.1 steals and 1.4 blocks per game with Austin and Sioux Falls.

Bouyea’s NBA career began in 2022 when he signed with Miami after going undrafted following five collegiate seasons at San Francisco. He appeared in five total games with the Heat and Wizards during the 2022/23 season.

Bouyea inked a two-way contract with Miami last summer, but was waived before the start of the season. He joined the Trail Blazers on a two-way deal in November, but was released 10 days later.

The move provides the Spurs with a little bit of roster flexibility heading into training camp. David Duke and Harrison Ingram hold the team’s other two-way slots.

Isaiah Thomas Discusses Desire For Another NBA Comeback

September 14th, 2024 at 10:00pm CST by Arthur Hill

Isaiah Thomas has been overcoming long odds throughout his NBA career, so he’s not going to let his age and injury history spoil his hopes of another comeback, writes Dylan Ackerman of Cronkite News. The 35-year-old guard, who participated in workouts with the Kings last month, talked about what motivates him to keep going during a recent appearance with some other NBA stars at the ZekeEnd Tournament in Tacoma, Washington.

“I just enjoy the process, but I know what I’m fighting against,” Thomas said. “I understand it, but I’ve had that same fight my whole life. This is just normal to me. It’s just another stage I have to get by. I really want to just play two or three more years and then focus on my kids. That’s the ultimate goal and we’re just going to keep fighting until the end.”

Thomas has already put together a remarkable career for a 5’9″ guard who wasn’t selected until the final pick of the 2011 draft. After three years in Sacramento and a half-season in Phoenix, Thomas found stardom after being traded to the Celtics in 2015. He made his first All-Star appearance during the 2015/16 season, averaging 22.2 points and 6.2 assists per game. He was even better the following year, earning second-team All-NBA honors and finishing fifth in the MVP voting while putting up 28.9 points and 5.9 assists per night.

However, a hip injury in that year’s playoffs caused his career to spiral as quickly as it ascended. He was sent to Cleveland during the offseason as part of a Kyrie Irving trade, but only appeared in 15 games before being shipped to the Lakers at the trade deadline.

Thomas has spent time with eight teams since the injury, but has only cracked the 40-game mark with one of them. That happened with Washington in 2019/20, which Ackerman notes is the last time Thomas has been able to land a contract before the start of a season.

Thomas earned two 10-day deals with the Suns last season and signed a standard contract in April that made him eligible for the playoffs. However, he only appeared in six games with Phoenix and made one brief postseason appearance.

“Basketball has been my life,” Thomas said. “I’ve focused on one thing my whole life. Most don’t really focus on one single thing that long. I’ve loved the game of basketball, and it’s done wonders for my life. I’ve been across the world, I made tons of money around basketball. I just love it. I love everything about the game. I love the process. I love the good, the bad. I’m still at an age where I can still play at a high level. I always say that I have the same feeling going to the gym now that I did when I was a kid. I know when that goes away, it’s time to just try to find something else.”

It’s not clear if Thomas made a strong impression on the Kings during his workouts or if the team ever considered signing him. Sacramento has one spot open on its training camp roster and just 12 players with fully guaranteed contracts. Thomas also worked out for Milwaukee in July, but the Bucks have a full roster and there’s never been any indication that they made him an offer.

Regardless of whether he winds up in somebody’s training camp, Thomas is determined to keep pursuing his NBA dream.

“I believe in myself more than anybody would,” he said. “I just feel like why not keep going and why not show the world what perseverance looks like, what fighting through adversity looks like. Then being able to do it with a smile on your face.”

Family Rift Over Payroll Reportedly Led To Decision To Sell Celtics

September 14th, 2024 at 8:32pm CST by Arthur Hill

A family disagreement over the Celtics‘ rising payroll was behind Wyc Grousbeck’s decision to put the majority stake in the team up for sale, sources tell Josh Kosman and Brian Lewis of The New York Post.

Ninety-year-old Irving Grousbeck controls about 20% of the franchise and is unwilling to absorb the projected financial losses that will be necessary to keep the team in title contention, according to Kosman. After winning the championship in June, Boston handed out several new contracts that will bring the total cost of the roster for the 2025/26 season to about $500MM in salary and tax payments.

“That’s what happens when dad puts in most of the money,” a source told Kosman.

Kosman cites another source close to the sale process who says the team is projected to lose about $80MM this season. That amount will be much higher in the following season when repeater tax penalties become harsher.

The Celtics handed out a record-setting contract to Jaylen Brown last summer, and then topped that with a five-year, $314MM super-max extension for Jayson Tatum in July. Jrue Holiday also received an extension and several players were re-signed, pushing the total 2025/26 team salary north of $225MM and setting up a projected $280MM luxury tax payment.

“Wyc says we’ll spend whatever it takes, but dad wasn’t into losing money,” another source told Kosman, who hears that the team barely broke even last season while winning its 18th NBA title.

The Grousbeck family claimed it was unloading its share of the team for “estate planning purposes” when the surprise announcement was made in early July. Wyc Grousbeck reiterated that stance in a statement to Kosman.

“The Grousbeck family is selling the team for estate and family planning considerations. To say the sale is in any way related to losses is completely incorrect,” he stated. “There has not been a capital call from ownership, or any additional investment of any kind, in the 22 years since Boston Basketball Partners bought the team and we don’t anticipate there being one.”

The NBA is hoping to have the Celtics valued at a record-setting $6 billion for the sale, but there are complications in reaching that figure. Sources tell Kosman that the team’s projected losses and the fact that it doesn’t own TD Garden to provide revenue from other events could make prospective buyers reluctant to bid that high.

The Grousbecks are hoping to sell a 51% stake either later this year or early in 2025 and then continue to run the team until the full sale is completed in 2028.

There has been little movement toward a sale in the two-and-a-half months since the Grousbecks announced that the team was available, according to Adam Himmelsbach of The Boston Globe. Banks helping with the transaction are still reviewing the team’s assets and liabilities to provide an accurate report for interested buyers, which Himmelsbach says is typical in this type of transaction.