Newsstand Rumors | Hoops Rumors

Pelicans, Jose Alvarado Complete Two-Year Extension

September 30th, 2024 at 7:47pm CST by Luke Adams

SEPTEMBER 30: The Pelicans have issued a press release officially announcing Alvarado’s extension.

SEPTEMBER 28: The Pelicans and guard Jose Alvarado have agreed to a two-year contract extension worth $9MM, agent Ron Shade tells Shams Charania of The Athletic (Twitter link).

Alvarado is earning $1,988,598 in 2024/25 in the final year of his current minimum-salary contract. That salary, which had been non-guaranteed, will become fully guaranteed as part of the agreement, tweets ESPN’s Bobby Marks.

The new extension will begin next July and will include a player option for the ’26/27 season, according to Charania.

Alvarado, 26, has spent the past three seasons in New Orleans after going undrafted out of Georgia Tech in 2021. He emerged as a regular contributor for the Pelicans as a rookie free agent in 2021/22, earning a promotion from his two-way contract to the standard roster near the end of that season, and has maintained his place in the team’s rotation since then.

In 2023/24, Alvarado averaged 7.1 points, 2.3 rebounds, 2.1 assists, and 1.1 steals in 18.4 minutes per game across 56 appearances off the bench. Nicknamed “Grand Theft Alvarado” for his habit of making highlight-reel steals, the Pelicans guard posted a shooting line of .412/.377/.673 and finished sixth in Sixth Man of the Year voting last season.

The maximum extension that Alvarado could have signed would’ve been similar to the one Andrew Nembhard received from Indiana, worth over $18MM in 2025/26. While that would’ve been an overpay, the Pelicans did very well to lock up the reserve guard for an additional season at just $4.5MM, a bargain for any effective rotation player. If he continues to produce in New Orleans, Alvarado could opt out in 2026 and seek a more lucrative deal at that time.

The Pelicans now have seven players on guaranteed contracts for the 2025/26 season, with Jordan Hawkins likely to join that group in the next few weeks when the team exercises his rookie scale team option. Brandon Ingram (unrestricted) and Trey Murphy (restricted) will be among New Orleans’ 2025 free agents if they don’t sign extensions of their own.

Dikembe Mutombo Dies at 58

September 30th, 2024 at 10:05am CST by Arthur Hill

Naismith Basketball Hall of Famer Dikembe Mutombo passed away Monday morning from brain cancer at age 58, the NBA announced (via Twitter).

“Dikembe Mutombo was simply larger than life,” NBA commissioner Adam Silver said. “He was one of the greatest shot blockers and defensive players in the history of the NBA. Off the floor, he poured his heart and soul into helping others.

“There was nobody more qualified than Dikembe to serve as the NBA’s first Global Ambassador. He was a humanitarian at his core. He loved what the game of basketball could do to make a positive impact on communities, especially in his native Democratic Republic of the Congo and across the continent of Africa. I had the privilege of traveling the world with Dikembe and seeing first-hand how his generosity and compassion uplifted people. He was always accessible at NBA events over the years — with his infectious smile, his deep booming voice and signature finger wag that endeared him to basketball fans of every generation.

“Dikembe’s indomitable spirit continues on in those who he has helped and inspired throughout his extraordinary life. I am one of the many people whose lives were touched by Dikembe’s big heart and I will miss him dearly. On behalf of the entire NBA family, I send my deepest condolences to Dikembe’s wife Rose, and their children; his many friends; and the global basketball community which he truly loved and which loved him back.”

Mutombo was among the NBA’s most feared shot blockers during his 18-year NBA career, with those rejections often punctuated by his trademark finger wag. He was an eight-time All-Star, four-time Defensive Player of the Year and two-time member of the All-NBA team. He played for the Nuggets, Hawks, Sixers, Nets, Knicks and Rockets before retiring in 2009 at age 42. His number 55 was retired in both Denver and Atlanta.

Beyond his accomplishments as a player, Mutombo worked to improve living conditions in his native country and to encourage the development of basketball throughout Africa. He participated in the Basketball Without Borders program, served as a spokesman for CARE and was an emissary for the United Nations Development Program. He won the J. Walter Kennedy Citizenship Award in 2001 and 2009 and received a President’s Service Award in 1999.

Mutombo’s longtime friend, Raptors executive Masai Ujiri, addressed his passing when he heard the news at the team’s media day, tweets Josh Lewenberg of TSN Sports.

“It’s really hard to believe. It’s hard for us to be without that guy,” Ujiri said while fighting back tears. “You have no idea what Dikembe Mutombo meant to me. He made us who we are. That guy is a giant, an incredible person. Who are we without him? Today is not a good day, for sports, for us, for us in Africa. … But we’ll celebrate him and celebrate him big. Big. That guy is bigger than life, I’m telling you. … As big as his big shoes were, as big as his hands were, he was bigger as a person. And his heart was bigger.”

Our condolences go out to Dikembe’s family and friends.

Lauri Markkanen Happy To Remain With Jazz

September 30th, 2024 at 8:02am CST by Arthur Hill

Lauri Markkanen‘s offseason fate seemed uncertain all the way up to August 7, when he renegotiated and extended his contract with the Jazz, adding $220MM in new money to the deal, which now runs through the 2028/29 season. Markkanen was the subject of endless speculation before his decision became final, but he tells Tony Jones of The Athletic that he tried to ignore the rumors.

“I think it’s fair to say that I saw the stuff online, but I tried very hard not to pay attention to it. I’m a big believer in what the front office and the coaching staff are doing,” Markkanen said. “I think it’s the people we have around and the environment we have. We have a group of guys that want to get better. I’ve embraced the leadership role, and my family truly enjoys Utah. We have enjoyed our two years here.”

Markkanen purposefully waited to sign his new deal until the point where he can’t be traded this season. The renegotiation means he won’t become trade eligible for six months, and the NBA’s trade deadline falls on February 6.

Utah is in the midst of a rebuilding process and is more likely to be contending for a top-five draft pick than a spot in the play-in tournament. That caused numerous teams to approach the Jazz with trade offers, hoping they might want to unload Markkanen and bottom out completely ahead of a loaded draft.

The Kings reportedly made “significant progress” toward a deal before talks feel apart in July. The Warriors also had serious discussions with Utah, as did the Spurs, who have been interested in acquiring Markkanen since he was a free agent in 2021.

Although any of those teams could offered Markkanen a faster path to the playoffs, he preferred to stay with the Jazz and help turn them around.

“It was a nice feeling to know that a lot of teams wanted you to play for their franchise,” he said. “It was kind of a cool thing to be honest. It tells me that I’ve been able to get a lot better as a player. But I tried not to think about it beyond that. I know that I wanted to come back to Utah, and that’s where my priorities were.”

Markkanen hopes to improve at handling the ball and making plays off the dribble this season, Jones adds. He also wants to become more of a leader for his young teammates, both vocally and with his on-court performance. No matter how many games the Jazz win, Markkanen sees this year as an important point toward building a long-term contender.

“I think it’s important to get game reps that you can’t simulate in practice,” he added. “I think that I can get a lot better, so I want to work on the things that I do well. I want to show these guys by example how to do the right things. I want to play the right way, especially with how coach (Will Hardy) wants us to play. I want to hold myself to a high standard.”

Pacers Adding Jahlil Okafor On Training Camp Deal

September 28th, 2024 at 7:01pm CST by Arthur Hill

Jahlil Okafor has reached an agreement with the Pacers on a training camp contract, agent Daniel Hazan of Hazan Sports tells Shams Charania of The Athletic (Twitter link).

The 28-year-old center, who was selected by Philadelphia with the third pick in the 2015 draft, gets a chance to return to the NBA after three years away. Pacers officials watched him in workouts over the summer and were impressed by his conditioning level, Charania adds.

Okafor has been out of the NBA since the 2020/21 season, when he appeared in 27 games with Detroit. He was traded to Brooklyn that summer and later signed with Atlanta, but wasn’t able to win a roster spot with either team.

Okafor resumed his basketball career overseas, playing in China and Spain before signing with a Puerto Rican team in February. He also spent time in the G League and was among the players selected by Phoenix’s new affiliate at the expansion draft in June. The Pacers’ affiliate, the Indiana Mad Ants, acquired Okafor’s rights in a G League trade on Friday.

Okafor averaged 17.5 points and 7.0 rebounds in his first season and finished fifth in the Rookie of the Year voting, but he wasn’t able to sustain that level of success. He was traded to Brooklyn after a little more than two seasons with the Sixers, and played two years in New Orleans before moving on to Detroit.

The Pacers only have 12 players in camp with fully guaranteed contracts, so Okafor should have an opportunity to compete for a roster spot. They will be at the offseason limit of 21 players once his signing becomes official.

Knicks Closing In On Trade For Karl-Anthony Towns

September 27th, 2024 at 9:25pm CST by Dana Gauruder

The Timberwolves and Knicks are close to completing a blockbuster deal that will send Karl-Anthony Towns to New York.

The Knicks’ package will center around Julius Randle and Donte DiVincenzo, according to The Athletic’s Shams Charania and Jon Krawczynski. Krawczynski adds (via Twitter) that Keita Bates-Diop is headed from New York to Minnesota too.

Minnesota is also receiving the first-round pick that the Pistons owe the Knicks, according to Steve Popper of Newsday (Twitter link). That first-rounder is for 2025, but is top-13 protected. If it lands in its protected range, it would roll over to 2026 (top-11 protected) and 2027 (top-nine protected) before turning into a ’27 second-round pick.

The Knicks are sending DaQuan Jeffries and draft compensation to the Hornets to help facilitate the deal, Charania adds (Twitter link). Charlotte will also acquire cash from New York, per Roderick Boone of The Charlotte Observer.

Jeffries’ new contract is expected to start around $3MM, tweets Ian Begley of SNY.tv. It will have to cover three seasons, but only the first must be guaranteed.

The parties are still working through the details, as the Knicks will need to more salary to make the trade legal, but talks intensified over the last 24 hours, ESPN’s Bobby Marks tweets. It’s a stunning turn of events right before the start of training camp. New York was already involved in a major deal this offseason, trading for the Nets’ Mikal Bridges.

The addition of Towns would give the Knicks more flexibility with their lineup but would come at a large long-term cost in terms of payroll. Towns’ monster four-year, $220MM super-max extension kicks in this season. He’s due to make $49,205,800 this season and his salary escalates over the life of the contract.

Randle has a $28,939,680 salary this season and holds a $30.9MM player option next offseason. DiVincenzo is in the second year of a four-year, $46.87MM contract, including a $11,445,000 salary this season.

Neither the Knicks nor the Timberwolves can take back more money than they send out, since both teams are operating above the $178.1MM first tax apron, cap expert Yossi Gozlan points out (Twitter link). The Wolves are currently over the second apron as well.

Randle also has a trade bonus worth $4.1MM that will be triggered as a result of the deal, according to Gozlan (Twitter link). Trade kickers can be waived partially or entirely to help accommodate a move, though there’s been no indication yet that the forward will do so.

Long-term salary cap implications would certainly factor into Minnesota’s decision, if the deal goes through. Moving off of Towns’ pricey contract will help the Wolves keep the rest of their core together and eventually extend key frontcourt pieces like Rudy Gobert and Naz Reid during a tumultuous time for team ownership. Towns has also suffered a number of injuries during his career, which could also be a factor in the Timberwolves’ thinking.

Towns will give the Knicks a dynamic frontcourt scoring option to complement All-Star guard Jalen Brunson. He could also fill the center spot, which is in flux with Mitchell Robinson sidelined by injury and Isaiah Hartenstein signing as a free agent with Oklahoma City, and slide over to the power forward position at times when Robinson returns. A league source tells Stefan Bondy of The New York Post (Twitter link) that the club views Towns as an ideal complement to its core of Brunson, Bridges, and OG Anunoby.

As Charania and Krawczynski write, Towns grew up as a Knicks fan near New York City and had long been on the team’s radar. The four-time All-Star is also a client at CAA, the former agency of current Knicks president of basketball operations Leon Rose. The Knicks contacted the Wolves about Towns repeatedly over the last two years, sources tell The Athletic, and “stepped up” their pursuit in recent days, tweets Chris Hine of The Star Tribune.

Still, Towns – who had been in Minnesota since being drafted first overall by the team in 2015, had been fiercely loyal to the Wolves over the year, sticking with the team through some challenging years and repeatedly professing a desire to remain with the organization for his entire career. He was “stunned” by the news of the trade, a source tells The Athletic.

It’s also worth noting that Towns and Knicks head coach Tom Thibodeau had a somewhat strained relationship during their overlap in Minnesota from 2016-19, though Krawczynski says Towns has moved past that and holds “no ill feelings” toward Thibodeau.

Randle will replace Towns as the Timberwolves’ power forward, though Reid – a better long-distance shooter than Randle and a good fit next to Gobert – also figures to play a key role in filling the hole created by Towns’ departure.

Sources tell Ramona Shelburne of ESPN (Twitter link) that the Knicks and Randle – who spent the offseason recovering from shoulder surgery – hadn’t made any progress in contract extension negotiations, which made the club more inclined to move him. The Pistons, Hawks and Heat are among the other teams the Knicks talked to regarding potential Randle trades, Begley tweets.

DiVincenzo will provide Minnesota with a solid three-point shooting wing. He’s coming off a career year in which he averaged 15.1 points per game.

As Jake Fischer tweets, the Timberwolves targeted DiVincenzo when he was a free agent in 2023 and he reciprocated their interest at the time before choosing the Knicks. DiVincenzo’s inclusion in the deal was a sticking point for the Wolves, who became “very intrigued” once the Knicks were willing to put him on the table, says Begley (Twitter link).

According to Krawczynski, the Wolves believe the added flexibility the trade provides will put them in a better position to contend in the long-term and maximize Anthony Edwards‘ window.

Luke Adams contributed to this story.

Grizzlies’ Vince Williams Out At Least Four Weeks With Leg Injury

September 27th, 2024 at 11:02am CST by Luke Adams

Grizlies wing Vince Williams, who recently experienced pain in his left shin during a training session, underwent imaging on the affected area and has been diagnosed with a stress reaction in the upper portion of his tibia, the team announced today in a press release (Twitter link).

According to the Grizzlies, Williams will be sidelined for at least the next four weeks before being reevaluated. While the club says he’s expected to make a full recovery, there are no guarantees he’ll be ready to play at the four-week mark. Further updates will be provided as appropriate, per the Grizzlies.

Memphis will play its first game of the regular season in 26 days, so even if Williams makes a speedy recovery, it sounds like he won’t be available for opening night.

No NBA team was hit harder by injuries last season than the Grizzlies, and while there was hope that their bad luck wouldn’t carry over to 2024/25, Williams is the second player to be affected this fall by a relatively significant health issue. Forward GG Jackson underwent surgery to repair a broken bone in his foot earlier this month and was ruled out for at least the first six weeks of the regular season.

The Grizzlies should have enough depth to withstand the losses early in the season, but Jackson and Williams both emerged as productive rotation players in expanded roles last season and were expected to play regular minutes again this fall.

Williams, who turned 24 last month, averaged 10.0 points, 5.6 rebounds, and 3.4 assists in 27.5 minutes per game across 52 outings (33 starts) in 2023/24, posting a shooting line of .446/.378/.800. He began the season on a two-way deal before being converted to a standard multiyear contract in January.

Jazz Exercise Option On Head Coach Will Hardy

September 27th, 2024 at 11:00am CST by Luke Adams

11:00am: According to Haynes (via Twitter), the Jazz have actually exercised their fifth-year option on Hardy, which would mean he’s now under contract through the 2026/27 season.

10:23am: The Jazz have exercised a team option on head coach Will Hardy‘s contract, according to a press release issued by the club.

A former assistant in San Antonio and Boston, Hardy was hired by Utah in 2022 to replace Quin Snyder. The Jazz have a regular season record of just 68-96 (.415) since then and haven’t made the playoffs under Hardy, but the team exceeded expectations in the first halves of both seasons before the front office traded away veterans at the February deadline.

The Jazz – who traded away stars Donovan Mitchell and Rudy Gobert to jump-start a rebuild during the same offseason that Hardy was hired – are evaluating the head coach’s performance based on the job he has done developing young talent and establishing a positive culture within the organization. By those measures, his first two years have been a success, according to general manager Justin Zanik.

“Will has done a great job of guiding our program and instilling the right values and competitive habits with our young group,” Zanik said in a statement announcing the decision. “The organization looks forward to developing with Will as we strive for long-term success through strategic and deliberate growth.”

Reporting at the time of Hardy’s hiring indicated that he was signing a five-year contract; tweets from Chris Haynes and Michael Scotto today indicate that the option being exercised is Utah’s fourth-year option for 2025/26. It’s possible Hardy actually signed a four-year contract and the details were reported incorrectly back in 2022; the team may also hold another option for the ’26/27 season.

Either way, Hardy is under contract in Utah for at least the next two seasons. If the club’s young core continues to take promising steps forward in 2024/25, it seems relatively safe to assume he’ll be extended beyond 2026.

Hardy is the NBA’s second-youngest active head coach, Scotto notes, having been born just five months before Joe Mazzulla of the Celtics.

Warriors Sign Kevin Knox

September 26th, 2024 at 7:00pm CST by Luke Adams

SEPTEMBER 26: The signing is official, according to RealGM’s transaction log.

SEPTEMBER 25: The Warriors and free agent forward Kevin Knox have agreed to a one-year deal, sources tell Shams Charania of The Athletic (Twitter link).

While Charania doesn’t specify the terms of the contract, Golden State is right up against a first-apron hard cap and can’t sign a player to a standard deal without a corresponding roster move, so it’s safe to assume Knox is inking a non-guaranteed camp contract that won’t count against the cap. It figures to include Exhibit 9 language and possible Exhibit 10 language too.

The ninth overall pick in the 2018 draft, Knox began last season with the Rip City Remix, Portland’s G League affiliate. He signed with the Pistons in early November and was in the NBA for three months before being sent to Utah at February’s trade deadline. The Jazz immediately waived him, and with no NBA opportunities immediately presenting themselves, the 25-year-old eventually reported back to the Remix.

For the season, Knox appeared in 31 games (11 starts) at the NBA level for Detroit, averaging 7.2 points and 2.4 rebounds in 18.1 minutes per contest. Those averages aren’t far off from the ones he has posted across 306 career outings for the Knicks, Hawks, Trail Blazers, and Pistons (7.4 PPG, 2.9 RPG, 18.0 MPG), though his field-goal percentage last season (46.2%) was well above his 39.2% career mark.

Knox suited up for Golden State’s Summer League team in July, playing in six total games in the Las Vegas and California Classic leagues. He averaged 16.0 PPG and 7.2 RPG on .471/.351/.792 shooting in those contests.

There’s technically a path for Knox to make the Warriors’ regular season roster if the team makes a trade or cuts either Lindy Waters or Gui Santos, both of whom are non-guaranteed contracts. However, recent reporting has indicated Golden State will likely hang onto Waters and Santos.

Knox isn’t eligible for a two-way contract and his G League rights are still held by Rip City, so unless the Santa Cruz Warriors trade for those returning rights or Golden State finds room for him on the standard NBA roster, the forward’s stay in the organization may only last a few weeks.

Nuggets, Aaron Gordon Optimistic About Possible Extension

September 26th, 2024 at 3:31pm CST by Rory Maher

Nuggets forward Aaron Gordon will be eligible for a four-year contract extension as of Friday, September 27. A four-year extension would require Gordon to decline his $22.84MM player option for 2025/26, with the first year of a potential new deal replacing that option.

Speaking to reporters on Thursday, general manager Calvin Booth said he hopes the former No. 4 overall pick remains a Nugget for the foreseeable future.

“Hopefully we have some productive talks with his representation and are able to find a deal,” Booth said (Twitter link via Harrison Wind of DNVR Sports). “… We want Aaron here for a long time.”

Gordon also sounded optimistic about a deal coming to fruition, per Vinny Benedetto of The Denver Gazette (Twitter link)

“I really love this organization,” Gordon said. “I love the players on this team. I love the coaching staff. I hope we get it done. It seems like it’s moving forward in the right direction.”

Gordon, who turned 29 years old last week, played a key role in helping the Nuggets win their first championship in 2023. He’s a highly versatile player on both ends of the court and has excellent chemistry with three-time MVP Nikola Jokic.

According to Tony Jones of The Athletic, Gordon also touched on the tragic passing of his older brother Drew, who died following a car accident at the end of May. Drew played professionally for over a decade, including a stint with the Sixers in 2014/15.

“I always leaned on my brother,” Gordon said. “I understand I can’t take any relationship for granted. My teammates have been there every step of the way. They came to his service and his funeral. These guys have developed into my brothers.”

Gordon changed his jersey from No. 50 to No. 32 to honor his brother, per the NBA (Twitter video link).

“It was my brother’s favorite number, my dad’s favorite number, my sister played in it in college, I played in it in high school… it feels like home,” he said.

Sixers Sign Lester Quinones To Two-Way Deal

September 26th, 2024 at 3:15pm CST by Luke Adams

SEPTEMBER 26, 3:15pm: Quinones has officially signed his two-way deal, the Sixers announced in a press release.

SEPTEMBER 25, 11:41am: Jones has been waived to make room on the roster for Quinones, according to Kyle Neubeck of PHLY Sports (Twitter link).

SEPTEMBER 25, 8:46am: The Sixers and free agent guard Lester Quinones have agreed to a two-way contract, sources tell Shams Charania of The Athletic (Twitter link).

Quinones, who will turn 24 in November, spent last season with the Warriors. He began the year on a two-way deal and then was promoted to Golden State’s standard roster in February. The 6’5″ guard appeared in a total of 37 NBA games, averaging 4.4 points, 1.9 rebounds, and 1.0 assist in 10.6 minutes per contest and posting a shooting line of .397/.364/.690.

Quinones spent more time in the NBA than in the G League last season, but has been an effective contributor for the Santa Cruz Warriors over the past two years, averaging 21.0 PPG, 6.2 RPG, and 3.9 APG on .448/.362/.772 shooting in 65 total Showcase Cup and regular season games for Golden State’s NBAGL affiliate.

The Warriors opted not to tender Quinones a qualifying offer in June, making him an unrestricted free agent. Michael Scotto of HoopsHype reported in early July that the former Memphis Tiger was on the Sixers’ radar.

Philadelphia doesn’t currently have an open two-way slot, so either Justin Edwards, David Jones, or Jeff Dowtin will have to be waived in order to make room on the roster for Quinones.