Newsstand Rumors | Hoops Rumors

Rockets Sign Fred VanVleet To Three-Year Contract

July 7th, 2023 at 1:10pm CST by Luke Adams

JULY 7: The Rockets have officially signed VanVleet, the team announced today in a press release.

As previously noted, VanVleet’s three-year deal includes a third-year team option.

JUNE 30: Fred VanVleet is leaving Toronto, according to Adrian Wojnarowski of ESPN (Twitter links), who hears from agents Rich Paul and Erika Ruiz that the free agent point guard will join the Rockets on a three-year, maximum-salary contract.

The No. 2 player on our list of 2023’s top 50 free agents, VanVleet is the first free agent to land a max deal this summer, Wojnarowski notes. The agreement will pay him a total of $128.5MM across three seasons, including a starting salary of $40.8MM in 2023/24, which will eat up a huge chunk of Houston’s cap room.

It’s a massive payday for VanVleet, who began his NBA career in 2016 as an undrafted free agent on a minimum-salary contract. Over the course of seven seasons in Toronto, he evolved from little-used reserve to key rotation member on a championship team to All-Star starting point guard.

The former Wichita State standout signed a four-year, $85MM contract during his last foray into free agency in 2020, but opted out of that deal after the third year in order to secure an even larger payday.

VanVleet is coming off a down season, having made a career-worst 34.2% of his three-point attempts in 2022/23 as his defense also took a step back. However, it appears the Rockets are willing to chalk up his struggles to nagging injuries and bad luck rather than assuming it’s the beginning of a downward trend. The 6’1″ guard has never been a great finisher around the rim, but he was a career 38.2% three-point shooter prior to last season and has been an asset on defense in the past.

The Rockets had more cap room (approximately $64MM) than any other team in the NBA entering free agency, putting them in position to aggressively pursue their preferred targets. While James Harden was mentioned earlier in the year as a candidate to return to Houston, VanVleet had clearly become the team’s top point guard target in the days leading up to free agency.

With the Raptors doing their best to bring back VanVleet, the Rockets apparently had to tack on an extra season to the two-year, maximum-salary offer they were said to be preparing for the 29-year-old in order to secure his commitment. Even with $40MM earmarked for VanVleet, Houston still has about $25MM in cap room available to continue making moves.

Meanwhile, it’s unclear how the Raptors intend to address their suddenly gaping hole at point guard. The club had spent the last year or two seeking a reliable backup for VanVleet and will now have to find a new starter too.

[UPDATE: Raptors to sign Dennis Schröder]

As Bobby Marks of ESPN tweets, Toronto could try to work out a sign-and-trade with Houston to generate a huge trade exception. However, there’s no reason for the Rockets to agree to that unless they’re incentivized to do so, so the Raptors would probably have to give up a second-round pick or two to make it happen.

Kings Renegotiate, Extend Domantas Sabonis’ Contract

July 7th, 2023 at 11:23am CST by Luke Adams

JULY 7: The Kings have officially renegotiated and extended Sabonis’ contract, the team confirmed in a press release.

JULY 1: The Kings are renegotiating Domantas Sabonis‘ 2023/24 salary and signing him to a long-term contract extension, agents Greg Lawrence and Jason Ranne tell Adrian Wojnarowski of ESPN.

Sacramento will use $8.6MM in cap room to give Sabonis a raise on this year’s salary – from $22MM to $30.6MM – and will tack on four new years to his expiring contract. According to Wojnarowski, the deal will be worth $217MM over five total seasons, including $195MM in new money.

There won’t be any team or player options in the new contract, tweets Jason Anderson of The Sacramento Bee.

After being acquired in a blockbuster trade involving Tyrese Haliburton at the 2022 deadline, Sabonis thrived in his first full season in Sacramento, averaging 19.1 points, 7.3 assists, and a league-leading 12.3 rebounds in 34.6 minutes per game across 79 contests despite sustaining an avulsion fracture to his thumb in December.

In addition to earning the third All-Star nod of his career, the 27-year-old made an All-NBA squad for the first time, claiming the center spot on the Third Team. Sabonis and De’Aaron Fox led the Kings to a 48-win season and their first playoff berth since 2006.

Contract renegotiations are rare in the NBA and can only be completed when a team has cap space and intends to increase a player’s salary rather than reducing it. The Kings created additional spending flexibility on draft night by agreeing to send Richaun Holmes to Dallas in a salary-dump trade.

There was some speculation that Sacramento may be preparing to make a run at a top-tier free agent with that extra cap space, but Sacramento has instead focused on its own players, extending Harrison Barnes earlier in the week and agreeing to new deals with Trey Lyles and now Sabonis.

The Kings’ one notable deal with a player who wasn’t on the 2022/23 roster is a three-year, $20MM commitment to EuroLeague MVP Sasha Vezenkov. Vezenkov, who is expected to slot into Sacramento’s room exception, wasn’t technically a free agent since the club held his draft rights.

As Bobby Marks of ESPN notes (via Twitter), without a renegotiated 2023/24 salary, Sabonis would have been eligible for a maximum-salary extension of $138MM over four years. That may not have been enough to prevent him from testing the market in 2024, since he would’ve been eligible for a significantly higher salary – and an extra year – at that point.

Interestingly, the only other NBA player to get a renegotiation and extension since 2017 is Sabonis’ former frontcourt partner in Indiana, Myles Turner, Marks observes (via Twitter). Jazz guard Jordan Clarkson is also expected to join that group.

Latest On NBA’s New In-Season Tournament

July 7th, 2023 at 8:46am CST by Luke Adams

The semifinals and the final of the NBA’s first ever in-season tournament will take place on December 7 and 9 in Las Vegas, reports ESPN’s Adrian Wojnarowski of ESPN (Twitter link).

The Dec. 9 championship game – which will represent an 83rd in-season contest for the two participants – won’t count as a regular season game, but the quarterfinals and semifinals will.

As Tim Reynolds of The Associated Press tweets, when the NBA releases its schedule for 2023/24 in a few weeks, each team will initially be scheduled to play 80 regular season games. The 22 teams that don’t make it to the knockout stage of the in-season tournament will have two games added to their schedule during the season, while the four teams that lose in the quarterfinals will each have one game added.

The final four teams won’t require additional games on their schedule, since they’ll each play at least two in the knockout stage of the tournament.

As previously reported, leading up to the knockout stage of the tournament, each of the NBA’s 30 teams will play four “group stage” games (two at home and two on the road) during the first few weeks of the regular season — these games will take place on two designated days of the week.

The NBA notes within its new Collective Bargaining Agreement that teams will be divided into three groups of five per conference (six groups in total) based on the previous year’s regular season standings.

Each group will feature one team that finished top three in the conference the year before; one that finished between fourth and sixth; one that finished between seventh and ninth; one that finished between 10th and 12th; and one that finished between 13th and 15th. Using that criteria, the groups will be determined based on random drawings.

For instance, it would be possible for one of the three Western groups this season to feature the Nuggets (last year’s No. 1 seed), Warriors (6), Lakers (7), Mavericks (11), and Spurs (15). A hypothetical Eastern group could consist of the Celtics (2), Knicks (5), Heat (7), Bulls (10), and Magic (13).

While we know the six group winners and the top two “wild card” finishers will advance to the eight-team knockout stage, the NBA still hasn’t clarified what the tiebreakers will look like. That’s an important detail, since a four-game group stage won’t give teams much room to distance themselves from one another.

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Pacers Trade Chris Duarte To Kings

July 6th, 2023 at 8:15pm CST by Luke Adams

JULY 6, 8:15pm: The Pacers and Kings have officially completed the trade sending Duarte to Sacramento. The Kings put out a press release confirming the move.

JULY 6, 2:43pm: The Pacers and Kings are in agreement on their Duarte trade, according to ESPN’s Adrian Wojnarowski (Twitter link), who reports that the deal is expected to be finalized today.

Indiana will receive Dallas’ 2028 second-round pick and Sacramento’s own 2030 second-rounder, reports Dustin Dopirak of The Indianapolis Star (Twitter link).

JUNE 30, 9:41am: The Kings and Pacers are nearing an agreement on a trade that will send wing Chris Duarte to Sacramento, sources tell Shams Charania of The Athletic (Twitter link). According to Charania, Indiana would receive draft compensation in the deal.

Duarte, 26, was the 13th overall pick in the 2021 draft out of Oregon. He had a promising rookie season in 2021/22, averaging 13.1 PPG with a .369 3PT% in 55 games (28.0 MPG), but took a step back in his second year in the NBA.

The 6’6″ swingman battled injuries that limited him to 46 games in 2022/23 and his numbers dipped to 7.9 PPG with a .316 3PT%. The emergence of rookie Bennedict Mathurin and the addition of another former lottery pick, Aaron Nesmith, resulted in Duarte playing a diminished role (19.5 MPG) even when he was available.

The Kings appear willing to bet that Duarte can recapture his rookie former and will take on his $4.1MM guaranteed salary for 2023/24. They’ll have to make a decision by October 31 on his $5.9MM option for the ’24/25 season. If that option is picked up, Duarte would become extension-eligible during the 2024 offseason.

The Pacers also reportedly discussed Duarte in their trade talks with the Hawks about De’Andre Hunter.

Wizards Trade Monte Morris To Pistons

July 6th, 2023 at 6:42pm CST by Rory Maher

JULY 6: The Wizards and Pistons have officially completed the Morris trade, according to press releases from both teams. Washington will receive either the Nets’ or Mavericks’ 2027 second-round pick (whichever is more favorable).

JUNE 30: The Wizards and Pistons have agreed to a trade that will send point guard Monte Morris to Detroit, sources tell Shams Charania of The Athletic (Twitter link).

According to Omari Sankofa of The Detroit Free Press (Twitter link), Washington will acquire a future second-round pick in exchange for Morris. No other players will be involved in the swap, Sankofa adds.

Josh Robbins of The Athletic reports (via Twitter) that the pick will be a 2027 second-rounder. The Wizards will also create a $9.8MM trade exception — equivalent to Morris’ salary — as part of the deal, per Robbins.

As Yossi Gozlan of HoopsHype tweets, the Wizards are facing a roster crunch, particularly in the backcourt. Moving Morris helps address both of those issues. The Wizards now have 16 players under contract and have multiple mid-sized trade exceptions after previously dealing away Bradley Beal and Kristaps Porzingis, Gozlan notes.

Morris’ contract will be absorbed into Detroit’s remaining cap room and the deal will be completed July 6, per ESPN’s Bobby Marks (Twitter link). The Pistons still have the $7.8MM room exception to work with, says Marks, who adds that the Wizards are $30.5MM below the luxury tax line.

A former second-round pick and Michigan native, Morris spent his first five seasons with the Nuggets before being traded to the Wizards last summer. The 28-year-old had a solid first season with Washington in 2022/23, averaging 10.3 points, 5.3 assists and 3.4 rebounds on .480/.382/.831 shooting in 62 games (61 starts, 27.3 minutes).

Morris, who has been one of the league’s best at taking care of the ball throughout his career, including a 5.3-to-1 assist-to-turnover ratio last season, is ideally used as a backup, because he’s not a great defensive player. His measured, efficient approach should mesh well with a young Pistons team looking to take the next step in their rebuild.

Morris is entering the final year of his contract, which explains, to some extent, the limited return the Wizards received in the deal. The fact that they were able to shed his salary without taking any on themselves must have held some appeal as well.

Pelicans Convert Liddell’s Two-Way Contract To Three-Year Deal

July 6th, 2023 at 5:59pm CST by Dana Gauruder

5:59pm: The signing is now official, according to NBA’s transactions log.

5:37pm: The Pelicans are signing forward E.J. Liddell to a new three-year, $6,224,049, with a team option in the third season, Shams Charania of Stadium and The Athletic tweets.

Liddell is having his two-way contract converted to a standard one. He suffered a torn right ACL in summer league last summer.

Liddell, a 6’6” forward, was the 41st pick in the 2022 draft out of Ohio State. Liddell occupied one of the Pelicans’ two-way slots last season despite his inability to play.

As The Athletic’s John Hollinger points out (Twitter link), handing Liddell a standard contract actually helps New Orleans in terms of the luxury tax. It’s cheaper for the Pelicans to give Liddell a minimum deal than signing another player on a veteran’s minimum to fill their 14th roster spot.

Liddell will return to action on Friday night when he returns to Las Vegas for the New Orleans Pelicans’ summer league opener, Rod Walker of the New Orleans Times Picayune reports.

“Wooh, lot of nerves,” Liddell said. “If you see me smiling, a lot of nerves. But just know (I’m) super excited to be out there.”

During a 2021/22 NCAA season in which he was named a Third Team All-American, an All-Big Ten First Teamer, and a Big Ten All-Defensive Team honoree, Liddell averaged 19.4 PPG, 7.9 RPG, 2.5 BPG and 2.5 APG for the Buckeyes.

Kings Trade Richaun Holmes, Olivier-Maxence Prosper To Mavs

July 6th, 2023 at 4:36pm CST by Arthur Hill

JULY 6: The trade between the Kings and Mavericks is official, according to an announcement from the Mavs (Twitter link). Dallas acquired Holmes into the trade exception created in the Bertans deal, along with the rights to Prosper, in exchange for cash considerations.

JUNE 22: The Kings will trade center Richaun Holmes and the 24th pick to the Mavericks, tweets ESPN’s Adrian Wojnarowski. Marquette’s Olivier-Maxence Prosper was the selection at No. 24.

Holmes is under contract for 2023/24 at $12MM and holds a $12.8MM player option for the following season. Dallas will acquire him using the traded player exception it created earlier in the night by sending Davis Bertans to Oklahoma City.

Holmes, who had been Sacramento’s starting center for two-and-a-half seasons, saw his playing time slip dramatically after the 2022 trade deadline as Domantas Sabonis took over the starting job. Holmes averaged just 3.1 points and 1.9 rebounds in 42 games while playing 8.3 minutes per night.

The Mavericks continue to add frontline depth after landing Duke center Dereck Lively II with the 12th pick. It appears likely that Holmes will have a larger role in Dallas as the team tries to rebuild its supporting cast around Luka Doncic and the expected return of Kyrie Irving.

Prosper was able to raise his draft stock with an impressive showing at the combine and strong showings throughout the workout process. He reportedly held workouts with at least 16 teams.

The Kings’ return in the deal is not yet known, but it will likely be minimal, since Holmes is considered a salary dump. Sacramento now has the ability to create more than $30MM in cap room this offseason.

Hornets Sign LaMelo Ball To Five-Year Max Extension

July 6th, 2023 at 4:04pm CST by Alex Kirschenbaum

JULY 6: The Hornets and Ball have officially finalized their deal, with the team issuing a press release to confirm the signing.

JULY 1: The Hornets and LaMelo Ball are finalizing a five-year designated rookie extension that will be worth the maximum salary, according to Shams Charania of The Athletic (Twitter link). Agent Sam Permut tells Adrian Wojnarowski of ESPN (Twitter link) that the two sides have reached an agreement.

Ball’s starting salary on the new deal will pay him at least 25% of the 2024/25 cap. Charania’s report suggests there will be Rose Rule language that could increase that figure to 30% of the cap if Ball earns All-NBA honors next season.

The exact value of the contract will depend on where the ’24/25 cap lands and whether Ball meets the Rose Rule criteria, but even in a worst-case scenario, it will be worth well north of $200MM. In a best-case scenario (30% starting salary, 10% cap increase), it would be worth $260MM.

Charlotte selected the 6’7″ point guard with the third overall pick in the 2020 draft. He immediately emerged as a lethal and creative scorer all over the floor, and was named the 2020/21 Rookie of the Year despite being limited to just 51 out of 72 possible games (31 starts) in his first season due to injuries.

Ailments have been a recurring theme in Ball’s young career, outside of a relatively healthy 75-game run in 2021/22, during which he made his first All-Star team as an injury replacement.

A right ankle fracture ended his 2022/23 campaign early. He played in just 36 contests for the 27-55 Hornets. When Ball did play last year, he remained his stellar statistical self, though it didn’t particularly contribute to winning. He notched 23.3 PPG on .411/.376/.836 shooting splits, 8.4 APG, 5.4 RPG and 1.3 SPG.

Charlotte is undergoing some major changes this summer. The team selected highly-touted Alabama forward Brandon Miller, widely considered to be another All-Star caliber prospect, using the second pick in this year’s draft. Former longtime majority owner Michael Jordan also sold most of his shares in the club to a new ownership group, led by tech investor Ian Loring and several notable North Carolinians. The Hall of Famer will still retain a stake in the franchise moving forward.

Cavs Acquire Max Strus In Three-Team Sign-And-Trade

July 6th, 2023 at 4:01pm CST by Luke Adams

JULY 6: The trade is official, the Heat announced (via Twitter). As part of the deal, Miami will also swap second-round picks with the Spurs, with Miami receiving a 2027 selection and San Antonio receiving a 2026 pick. The Cavs are also sending cash to the Spurs.

JULY 1: The Cavaliers, Heat, and Spurs have agreed to a three-team deal that will land Max Strus in Cleveland via sign-and-trade, reports Adrian Wojnarowski of ESPN (Twitter link). Agent Mark Bartelstein tells Wojnarowski that Strus has agreed to a four-year, $63MM contract with the Cavs.

Miami will acquire a second-round pick and will create a trade exception in the deal, while San Antonio will receive Cedi Osman, Lamar Stevens, and a second-round pick, according to Wojnarowski.

The second-rounder going to Miami is the Lakers’ 2026 pick, while the one headed to San Antonio is Cleveland’s 2030 selection, reports Chris Fedor of Cleveland.com.

Strus had been repeatedly mentioned as a top target for the Cavs in the days and hours leading up to free agency. A report on Thursday indicated Cleveland hoped its $12.4MM mid-level exception would be enough to land the 27-year-old, but with rumors suggesting his market was above the MLE, a report on Friday suggested the Cavs were looking into three-team sign-and-trade scenarios.

Right before free agency opened, Marc Stein reported that a scenario in which the Cavs sign-and-trade for Strus and use their mid-level exception to add Georges Niang appeared “increasingly likely.” Sure enough, Cleveland is poised to add both players, having reached an agreement with Niang on Friday night.

A former undrafted free agent who had brief stints in Boston and Chicago early in his career, Strus blossomed into a reliable rotation player in Miami during the last two seasons. In 148 games since the start of 2021/22, he has averaged 11.1 points and 3.1 rebounds in 26.1 minutes per night, with a shooting line of .423/.376/.845. He moved ahead of Duncan Robinson in the Heat’s rotation during that time in large part due to his more stable presence on defense.

The Cavs had been on the lookout for a wing to complement starters Donovan Mitchell, Darius Garland, Jarrett Allen, and Evan Mobley for the better part of the year. Strus should slot into that role nicely along with Caris LeVert, who also agreed to return to Cleveland.

In moving off Osman and Stevens in this trade, the Cavs should still be about $12.5MM below the luxury tax line with 10 players on the books, tweets Yossi Gozlan of HoopsHype.

The Heat, who project to be a taxpayer in 2023/24, had been bracing for Strus’ departure, recognizing that they weren’t prepared to match his price on the open market. They reportedly didn’t want to take any salary back in a sign-and-trade and were able to achieve that goal. The traded player exception they generate as part of the transaction will be worth half of Strus’ first-year salary — based on the reported terms of his deal, that TPE should come in at about $7MM.

As for the Spurs, they entered the day with more leftover cap room than any other NBA team and will use a portion of it to add a second-round pick and two forwards who are on expiring contracts and who should be in the mix for rotation roles if they remain on San Antonio’s roster.

Osman, who will earn $6.7MM in 2023/24 before reaching unrestricted free agency, has been a rotation player in Cleveland for the last six seasons, averaging 9.7 PPG, 3.0 RPG, and 2.0 APG with a .353 3PT% in 404 games (23.6 MPG) during that time.

Stevens, a solid defensive wing who doesn’t provide much on offense, has a $1.93MM non-guaranteed salary — some or all of that money will become guaranteed as part of this deal in order to satisfy the NBA’s salary-matching rules.

The Spurs will still have approximately $23-26MM in cap space available.

Warriors, Wizards Officially Complete Chris Paul, Jordan Poole Trade

July 6th, 2023 at 2:31pm CST by Luke Adams

The Wizards have officially traded point guard Chris Paul to the Warriors, completing a deal that was first reported on draft day. The Warriors confirmed the move in a press release (Twitter link).

In exchange for Paul, Washington received guards Jordan Poole and Ryan Rollins, forward Patrick Baldwin Jr., the Warriors’ 2030 first-round pick (top-20 protected), Golden State’s 2027 second-round pick, and cash, per a Wizards announcement.

One of the most accomplished point guards in NBA history, Paul holds career averages of 17.9 points, 9.5 assists, 4.5 rebounds, and 2.1 steals per game on .472/.369/.870 shooting in 1214 regular season appearances across 18 NBA seasons. His 13.9 PPG in 2022/23 represented a career low, but he still shot the ball well (.440/.375/.831) and contributed 8.9 APG, 4.3 RPG and 1.5 SPG in 59 regular season contests.

In Golden State, CP3 will team up with Warriors stars Stephen Curry, Klay Thompson, and Draymond Green in search of his first NBA championship. Golden State will also create long-term cap flexibility in the deal by replacing Jordan Poole’s four-year, $123MM+ extension with Paul’s pseudo-expiring $30.8MM contract. Paul is under contract for 2024/25 too, but his $30MM salary for that season is non-guaranteed.

The Wizards, who initially acquired Paul from the Suns in their Bradley Beal blockbuster, will roll the dice on Poole and a pair of 2022 draftees while also securing a pair of draft assets in the deal.

Because draft picks can’t be protected more than seven years out, the Warriors’ top-20 protected 2030 first-round pick won’t roll over to 2031 if it doesn’t convey in ’30. The exact terms of the protection aren’t yet known, but I expect Washington will instead receive Golden State’s 2030 second-rounder if that first-rounder lands in the top 20.

You can read more about this trade in our initial June report.