Newsstand Rumors | Hoops Rumors

Pacers Pursuing Pascal Siakam

July 10th, 2023 at 3:49pm CST by Rory Maher

There has been increased talk around the NBA about the Raptors moving Pascal Siakam, with the Pacers viewed as a “legitimate trade contender” for the star forward, league sources tell Marc Stein at Substack.

The Hawks are another team that has been repeatedly linked to Siakam, Stein notes, and other unknown teams are likely in the mix as well.

Stein’s read on the situation in Toronto is that the Raptors want to give Scottie Barnes and OG Anunoby a bigger opportunity to expand their offensive games, particularly with Fred VanVleet‘s departure to Houston. Siakam’s heavy usage rate seems to stand in the way of that happening, according to Stein, who points out that Siakam (29) is several years older than Barnes (21) and Anunoby (25).

After a weekend at Summer League, Stein views a trade as a “far more likely outcome” than a contract extension. As of last week, Siakam and the Raptors had yet to formally meet to discuss a possible contract extension.

Michael Grange of Sportsnet.ca was first to report the Pacers’ interest in Siakam. He also wrote that the veteran’s absence at Summer League could be viewed as a sign that Siakam might be dealt, with the Raptors hoping to find a deal sooner rather than later.

A two-time All-NBA member, Siakam reportedly doesn’t want to play anywhere but Toronto. He averaged 24.2 points, 7.8 rebounds and 5.8 assists in 71 games (37.4 minutes) last season, with the points and assists per game representing career highs.

Sixers Match Jazz’s Offer Sheet To Paul Reed

July 9th, 2023 at 9:39pm CST by Dana Gauruder

The Sixers are matching the Jazz‘s offer sheet to restricted free agent Paul Reed, ESPN’s Adrian Wojnarowski tweets. Philadelphia put out a press release confirming the decision.

Utah offered a unique three-year, $23MM contract to Reed, who was Joel Embiid‘s primary backup last season.

Only the first year of the contract is guaranteed. The Jazz used their $7.7MM room exception to complete Reed’s offer sheet.

The last two years of the contract, totaling $15.7MM, will become guaranteed if the Sixers reach the conference semifinals next season. The same unusual contract clause of reaching the conference semifinals would have applied to the Jazz if Philadelphia had declined to match.

Considering that the Sixers have gotten past the first round in five of the last six seasons, it’s more likely they will advance past the first round next season than the Jazz — though Utah is on the upswing after shaking up its roster last offseason.

The approach used by the Jazz certainly gave Philadelphia more pause to match the offer sheet but the team ultimately decided to hold onto a valuable reserve.

By matching, the Sixers have created more luxury tax issues for themselves. They’ll exceed the $165MM luxury tax threshold at a cost of an estimated $14MM in tax penalties. Reed will also have the option to veto trades for a year, due to the Sixers’ decision to match.

The Sixers now have a crowded frontcourt behind Embiid after agreeing to re-sign Montrezl Harrell and signing free agent Mohamed Bamba.

Reed saw his role expand in his third NBA season as he averaged 4.2 points and 3.8 rebounds in 69 regular-season games.

Hawks Sign Dejounte Murray To Four-Year Extension

July 9th, 2023 at 9:01pm CST by Luke Adams

JULY 9: The signing is official, according to a team press release.

“DJ is someone we want to continue to build with. He’s a dynamic talent with the heart of a leader. He leads by example, is an unselfish teammate, and truly cares about winning,” Hawks GM Landry Fields said.

JULY 7: Murray’s deal will include a fourth-year player option, per Shams Charania of The Athletic.

JULY 6: The Hawks and Dejounte Murray are finalizing an agreement on a four-year contract extension, league sources tell Chris Haynes of Bleacher Report and TNT (Twitter link).

Murray, who is on an expiring contract, will earn a base salary of approximately $17.7MM in 2023/24, with $500K in likely incentives and another $1MM in unlikely incentives. The NBA’s new Collective Bargaining Agreement allows a first-year raise of up to 140% of the player’s previous salary in the first year of an extension, and it sounds like Murray will receive that maximum raise.

Based on a 40% first-year increase, Murray’s new deal would have a base value of approximately $111MM, with nearly $10MM in additional incentives. If he achieves all his bonuses, the four-year contract would max out at around $120.5MM.

There was a sense that Murray might wait until he reached unrestricted free agency in 2024 to sign a new deal, since he’ll be eligible for a far bigger payday at that time. The fact that he’s willing to lock in an extra four years now is a big win for the Hawks, who gave up three first-round picks (two unprotected) and a pick swap to acquire the guard from the Spurs last offseason.

Reports at the time of the trade suggested that San Antonio was concerned about its ability to extend Murray prior to free agency. Jake Fischer of Yahoo Sports indicated on Wednesday that the Hawks were increasingly optimistic about their own chances of working out a new deal.

In his first year in Atlanta, Murray averaged 20.5 points, 6.1 assists, and 5.3 rebounds in 36.4 minutes per game across 74 contests. He shot a career-best 46.4% from the field, including 34.4% on three-pointers, and provided his usual solid perimeter defense alongside Trae Young in the Hawks’ backcourt.

There were rumors earlier in the offseason that the Hawks were willing to discuss trading anyone except Young, but a new extension for Murray will officially take him off the trade market for the rest of 2023. Never considered a legitimate candidate to be moved this summer, the 26-year-old will become ineligible to be dealt for six months once he signs his new extension.

Jerami Grant Signs Five-Year Deal With Trail Blazers

July 9th, 2023 at 7:05pm CST by Rory Maher

JULY 9: Grant has officially signed the contract, the team tweets.

JUNE 30: Jerami Grant is re-signing with the Trail Blazers, having agreed to a five-year, $160MM contract, sources tell Shams Charania of The Athletic (Twitter link).

Grant reportedly turned down a four-year extension worth nearly $113MM from Portland during the 2022/23 league year. According to Jake Fischer of Yahoo Sports, a primary reason the veteran forward decided to wait until free agency was to add the fifth year onto the end of the deal, significantly increasing its total value (Twitter link).

As Yossi Gozlan of HoopsHype tweets, Portland projects to be $21MM below the luxury tax line when accounting for Grant’s new contract. The Blazers will still have the non-taxpayer mid-level exception (which starts at $12.4MM) and a $8.3MM trade exception at their disposal in an effort to build around star Damian Lillard, Gozlan adds.

Grant is in the middle of his prime and was one of the top free agents in the 2023 class. The 28-year-old combo forward averaged 20.5 PPG, 4.5 RPG, 2.4 APG, 0.8 SPG and 0.8 BPG on .475/.401/.813 shooting in 63 games last season (35.7 MPG).

While Grant is a talented two-way player who brings valued versatility, a five-year deal worth $32MM annually is obviously an enormous commitment — both in years and dollars — to a player who has never been an All-Star.

Grant is a developmental success story, slowly working his way up the ranks with the Sixers, Thunder and Nuggets before breaking out as a 20-point scorer with the Pistons, who traded him to Portland last summer. He entered the NBA with a poor jump shot, but has continued to improve his game year-over-year.

Grant is the third former second-round pick (39th overall in 2014) to land a nine-figure deal this summer, joining Draymond Green and Khris Middleton.

John Wall Schedules Private Workout In Hopes Of NBA Comeback

July 8th, 2023 at 11:00pm CST by Arthur Hill

John Wall will hold a private workout for several teams Sunday in Las Vegas, tweets Chris Haynes of Bleacher Report and TNT.

The 32-year-old point guard attempted a comeback with the Clippers last season after the Rockets elected to hold him out for all of 2021/22. However, he appeared in just 34 games, averaging 11.4 points, 2.7 rebounds and 5.2 assists per night, before being traded back to Houston at the deadline. The Rockets waived him three days later, and he has remained out of the league.

Wall was a five-time All-Star with the Wizards before Achilles and left heel injuries derailed his career. He hasn’t played in more than 41 games since the 2016/17 season, but he hopes to show teams that he’s still worthy of an NBA contract.

Former first-round picks Dion Waiters and Harry Giles III are also planning workouts in Las Vegas, Haynes adds (Twitter link). They’ll hold separate sessions on Monday for interested teams.

Waiters, 31, has been out of the NBA since the 2019/20 season, when he played 10 combined games for the Heat and Lakers. He attended a mini-camp with the Mavericks last summer, but wasn’t able to land a job.

Giles, 25, has been plagued by knee injuries since he was in high school. His last NBA action came with the Trail Blazers during the 2020/21 season, but he also spent time with the G League’s Agua Caliente Clippers before an injury ended his season in January of 2022.

Anthony Edwards Signs Five-Year Max Extension With Timberwolves

July 8th, 2023 at 8:06pm CST by Luke Adams

JULY 8: The extension is official, the Wolves confirmed on Twitter (video link).

JULY 3: The Timberwolves and rising star Anthony Edwards have reached an agreement on a five-year, designated rookie extension that will pay him the maximum salary, agents Bill Duffy and Joe Branch tell Adrian Wojnarowski of ESPN (Twitter link).

Wojnarowski reports that the deal can be worth up to $260MM, though that would hinge on Edwards making an All-NBA team in 2024 and the salary cap rising by the maximum 10% for the 2024/25 league year. With a 10% cap increase and no All-NBA spot for Edwards, the five-year extension would be worth $217MM.

It will be a straight five-year contract with no player or team option, reports Jon Krawczynski of The Athletic (Twitter link).

“I’m humbled, appreciative and excited to remain in Minnesota as a part of this incredible Timberwolves organization,” Edwards said in a statement to Wojnarowski (Twitter link). “It’s amazing to see where hard work can take you.”

The No. 1 overall pick in the 2020 draft, Edwards has increased his scoring average and efficiency in each of his NBA seasons to date. He averaged 24.6 points, 5.8 rebounds, 4.4 assists, and 1.6 steals with a .459/.369/.756 shooting line in 79 games (36.0 MPG) in 2022/23, earning his first All-Star nod.

Even though the Wolves also have Karl-Anthony Towns and Rudy Gobert on maximum-salary contracts, there was a strong belief entering this offseason that Edwards, the player the franchise will likely build around for years to come, would get a max deal of his own. He looks poised to officially sign it as soon as he becomes eligible to do so later this week.

Edwards will play one more season on his rookie scale contract, which will pay him in $13.5MM in 2023/24, before he receives a massive raise. If the cap increases by 10% to $149.6MM in ’24/25 and Edwards makes an All-NBA team, he, Towns, and Gobert would earn a combined $141MM that season, and that number would only increase further in ’25/26.

While those three max deals – and a potential extension for Jaden McDaniels – figure to hamper the Timberwolves’ financial flexibility going forward, any eventual moves made to address that issue are more likely to involve Towns or Gobert than Edwards.

Edwards is the third 2020 first-rounder to agree to a “Rose Rule” rookie scale extension that can start at up to 30% of the cap instead of 25%. Tyrese Haliburton of the Pacers and LaMelo Ball of the Hornets will also reportedly sign those deals, while Desmond Bane of the Grizzlies is getting a rookie scale extension worth the standard 25% max.

Knicks Sign Donte DiVincenzo To Four-Year Deal

July 8th, 2023 at 7:48pm CST by Luke Adams

JULY 8: The DiVincenzo signing is officially, the Knicks announced (via Twitter). “We are excited to add Donte to the Knicks family and view him as a perfect fit to the culture we continue to establish,” said team president Leon Rose. “Winning is in his DNA and he will provide us with versatility, three-point shooting and defensive tenacity.”

JULY 1: Donte DiVincenzo is headed to New York, according to Adrian Wojnarowski of ESPN (Twitter link), who hears from agent Jason Glushon that DiVincenzo has agreed to sign a four-year, $50MM contract with the Knicks. The deal won’t include any options, per Fred Katz of The Athletic (Twitter link).

The Knicks are over the cap, so they’ll sign DiVincenzo using the mid-level exception. The deal will reunite the former Villanova Wildcat with his college teammates Jalen Brunson and Josh Hart.

DiVincenzo became a free agent this week after deciding not to pick up a $4.7MM player option to remain in Golden State. The Warriors didn’t have the ability to make a competitive offer for him due to CBA restrictions, so he became one of the most popular mid-level targets on the open market.

The 26-year-old appeared in a career-high 72 games, including 36 starts, in 2022/23 after signing with the Warriors. He averaged 9.4 points, 4.5 rebounds, 3.5 assists and 1.3 steals in 26.3 minutes per game. The 6’4″ guard, who made a career-best 39.7% of his 3-point attempts, also played in 13 postseason games this spring.

DiVincenzo will be another option on the wing for head coach Tom Thibodeau and the Knicks, who are finalizing a deal to trade Obi Toppin to Indiana. That move will help open up additional room below the luxury tax, allowing New York to give more of its mid-level to DiVincenzo.

According to Bobby Marks of ESPN (Twitter link), after accounting for DiVincenzo, New York’s team salary projects to be about $4MM below the tax line with 14 players under contract. As a result of using the non-taxpayer mid-level exception, the Knicks will be hard-capped at the $172.3MM tax apron in 2023/24.

DiVincenzo was the No. 20 player on our list of 2023’s top 50 free agents.

NBA Reveals Dates, Groups For In-Season Tournament

July 8th, 2023 at 7:40pm CST by Arthur Hill

The NBA has announced the five-team groups that will used for the league’s first-ever in-season tournament, writes Tim Bontemps of ESPN. The unveiling took place Saturday during a special episode of ESPN’s “NBA Today” held at “NBA Con” in Las Vegas.

The groups were determined in a draw similar to what is used in soccer’s World Cup. There are six groups — three each from the Eastern Conference and Western Conference — and each conference was split into five pots based on last season’s standings. One team was randomly selected from each of the pots to determine the opening-round matchups.

The results are:

Group 1: Sixers, Cavaliers, Hawks, Pacers and Pistons.
Group 2: Bucks, Knicks, Heat, Wizards and Hornets.
Group 3: Celtics, Nets, Raptors, Bulls and Magic.
Group 4: Grizzlies, Suns, Lakers, Jazz and Trail Blazers.
Group 5: Nuggets, Clippers, Pelicans, Mavericks and Rockets.
Group 6: Kings, Warriors, Timberwolves, Thunder and Spurs.

The tournament will start with group play, which will match each team with the other four in its grouping. Those games will take place on Nov. 3, 10, 14, 17, 21, 24 and 28.

The winner of each group will advance to a knockout round, joined by the team with the best record in each conference among those who didn’t win a group. Quarterfinal games will be played Dec. 4 and 5, hosted by the higher-seeded teams. The four winners in that round will move on to T-Mobile Arena in Las Vegas for the Dec. 7 semifinals and the Dec. 9 championship game.

Bontemps points out that all teams will play within their conference until the last game, which guarantees an East vs. West matchup, just like the NBA Finals.

“Everybody’s not going to buy in right away,” admitted Joe Dumars, the NBA’s executive vice president of basketball operations. “So that can’t be the goal that everybody’s going to buy in from day one. These things take time. And I think, as time goes on, I think you can build this up and people can really get into it.”

The championship trophy will be called the NBA Cup, and players will receive $500K each for winning it. Other prize money includes $200K for second place, $100K for losing in the semifinals and $50K for losing in the quarterfinals. The league opted not to provide other incentives, such as a guaranteed playoff spot, for the tournament winner.

We passed along more details on the in-season tournament right here.

Rockets Acquire Dillon Brooks In Five-Team Deal

July 8th, 2023 at 7:03pm CST by Luke Adams

JULY 8: The complex five-team trade that sends Brooks to Houston has been finalized, the Rockets announced in a press release The breakdown of the deal, which combined several separate trade agreements, is as follows:

Rockets acquire Brooks (via sign-and-trade), the Clippers’ 2026 second-round pick, the Grizzlies’ 2027 second-round pick (from Clippers), and the draft rights to Alpha Kaba (from Hawks).
Hawks acquire Usman Garuba, TyTy Washington, the Timberwolves’ 2025 second-round pick (from Rockets), the Rockets’ 2028 second-round pick, and cash (from Thunder).
Grizzlies acquire Josh Christopher.
Thunder acquire Patty Mills, a 2024 second-round pick (from Rockets), the Rockets’ 2029 second-round pick, and the Rockets’ 2030 second-round pick.
Clippers acquire Kenyon Martin Jr.

In a separate deal, Oklahoma City will ship Mills to Atlanta in exchange for Garuba, Washington, Rudy Gay and a second-round pick.

6:04pm: The Rockets will acquire Brooks via sign-and-trade, generating a trade exception for the Grizzlies, Wojnarowski confirms (via Twitter).

Sources tell Kelly Iko of The Athletic (Twitter link) that Houston is trading Josh Christopher to Memphis. Although Iko doesn’t specify it will be part of a Brooks sign-and-trade, that seems logical.

The Grizzlies’ trade exception for Brooks would be $11.4MM due to base year compensation rules, notes Yossi Gozlan of HoopsHype (Twitter link). If Christopher heads to Memphis in the deal, that TPE would shrink to $8.9MM, Gozlan adds.

5:20pm: The Rockets and Brooks have agreed to a four-year deal worth $80MM, agent Mike George tells Adrian Wojnarowski of ESPN (Twitter link).

The deal will have a descending structure, tweets Wojnarowski. It will be fully guaranteed, with no player or team option, per Kelly Iko of The Athletic (Twitter link).

As with VanVleet, Houston’s offer in order to secure a commitment ended up being for more years and more money than initially anticipated.

JULY 1, 4:35pm: The Rockets are close to reaching a contract agreement with unrestricted free agent Dillon Brooks, reports Shams Charania of The Athletic (Twitter link).

While Houston has the cap room necessary to sign Brooks outright, the team has been engaged in trade talks around the league, according to Charania, who says a sign-and-trade with the Grizzlies is a possibility if the Rockets reach a deal with the veteran forward.

Brooks was frequently linked to the Rockets in the days leading up to free agency. One report indicated that Houston was preparing to offer him a deal in the range of $14-16MM annually, while another stated the team had a meeting lined up for Friday or Saturday with the 27-year-old.

Brooks is a talented perimeter defender who earned All-Defensive Second Team honors this spring, but he has become an increasingly erratic shooter, making a career-worst 39.6% of his field goal attempts in 2022/23. His three-point percentage dipped to 32.1% on 5.6 attempts per game during the last two seasons after he converted 35.3% of 4.5 threes per game in his first four seasons, all with the Grizzlies.

On top of his offensive struggles, Brooks’ outsized personality and aggressive playing style have gotten him into trouble both on the court and in interviews off it. He received three one-game suspensions this season, once for an on-court altercation with Cavaliers star Donovan Mitchell and twice for accumulating so many technical fouls.

Brooks ultimately wore out his welcome in Memphis, with a report after the season indicating that the Grizzlies didn’t plan to bring him back “under any circumstances.” His performance during the team’s first-round loss to the Lakers was reportedly considered to be a breaking point. Brooks referred to Lakers star LeBron James as “old” following Memphis’ Game 2 win, suggesting the NBA’s all-time leading scorer was well past his prime.

He was then ejected from Game 3 for hitting James in the groin, surrendered a pair of key baskets to LeBron in a Game 4 loss, and was eventually fined $25K for declining to speak to reporters after three games of the series (all losses). Offensively, Brooks shot just 31.2% from the field and 23.8% on three-pointers across six playoff games.

A change of scenery could benefit Brooks, and the Rockets have reportedly been prioritizing tough, defensive-minded veterans under new head coach Ime Udoka. Houston has reached an agreement with Fred VanVleet and was said to be aggressive in its pursuit of Defensive Player of the Year runner-up Brook Lopez, who ultimately decided to remain in Milwaukee.

Spurs Sign Gregg Popovich To New Five-Year Contract

July 8th, 2023 at 6:06pm CST by Arthur Hill

Gregg Popovich has signed a five-year contract to remain head coach of the Spurs, the team announced (via Twitter).

The new deal is worth $80MM, tweets ESPN’s Adrian Wojnarowski, surpassing the record six-year, $78MM deal that Monty Williams got from the Pistons last month.

Popovich also serves as San Antonio’s president of basketball operations, and Wojnarowski notes that the contract doesn’t necessarily mean he’ll be the team’s head coach for the next five seasons (Twitter link).

At 74, Popovich is already the oldest coach in NBA history, and the new deal will keep him on the sidelines until nearly his 80th birthday if he coaches through its entirety. It also ensures that he will have ample time to develop Victor Wembanyama, who is expected to be San Antonio’s next franchise player.

Popovich’s most recent contract expired at the end of last season, but the Spurs have been operating under the assumption that he was coming back. That became a near certainty after the team landed the top spot in the lottery and the chance to draft Wembanyama.

Popovich first joined the Spurs in 1988 as the lead assistant to Larry Brown. He left for the Warriors for a couple of seasons in the early 1990s, but returned to San Antonio in 1994 as general manager and vice president of basketball operations.

Early in the 1996-97 season, Popovich named himself head coach, a position he has held ever since. He has the most coaching victories in NBA history with 1,364 and has guided the Spurs to all five NBA titles in franchise history. He has also been named Coach of the Year three times and has served as head coach in four All-Star games.

Popovich has been active in international competitions as well, leading Team USA to the gold medal in the most recent Olympics.