Newsstand Rumors | Hoops Rumors

Grizzlies Waive Derrick Rose

September 23rd, 2024 at 5:54pm CST by Dana Gauruder

5:54pm: The Grizzlies have officially waived Rose, according to the NBA’s transactions log.

4:00pm: The Grizzlies plan to waive veteran point guard Derrick Rose, sources tell Shams Charania of The Athletic (Twitter link).

Rose had one year left on the two-year, veteran’s minimum contract he signed with Memphis last offseason.

According to Ian Begley of SNY TV (Twitter link), Rose requested to be released from his contract. Expect the former MVP to provide an update on his status later in the week, Begley adds. It remains to be seen whether Rose is contemplating retirement or seeking out another opportunity.

Rose had been expected to battle for playing time behind starting point guard Ja Morant. Memphis’ decision to waive Rose may signal that it will offer a standard contract to Scotty Pippen Jr., who is currently on a two-way deal. However, the Grizzlies will likely target more depth at that position, according to Damichael Cole of the Memphis Commercial Appeal (Twitter link).

There are some veteran point men still on the free agent market, including Markelle Fultz and Dennis Smith Jr. As our Offseason Check-In displays, the Grizzlies have exceptions available if they choose to use them but would risk surpassing the luxury tax line if they offer anyone more than the veteran’s minimum, assuming Rose didn’t give up any of his salary.

Rose, who turns 36 next month, only appeared in 24 games with the Grizzlies last season, including seven starts. He averaged 8.0 points and 3.3 assists in 16.6 minutes. He battled knee, hamstring, ankle and back ailments last season. He hasn’t appeared in more than 27 games in any of the past three seasons after playing in a combined 50 games with Detroit and New York in 2020/21.

The first overall pick of the 2008 draft, Rose made three All-Star teams before knee injuries plagued his career. He has appeared in 723 regular season games, averaging 17.4 points and 5.2 assists in 30.5 minutes.

Knicks’ Mitchell Robinson Won’t Be Ready For Start Of Season

September 23rd, 2024 at 11:42am CST by Luke Adams

Knicks center Mitchell Robinson won’t be available at the start of the regular season, according to reports from Yaron Weitzman of FOX Sports (Twitter link) and Ian Begley of SNY.tv.

Robinson underwent surgery on his left ankle in May to address a stress injury after having undergone a procedure on the same ankle last December. His recovery is ongoing, and both Weitzman and Begley suggest that the Knicks and Robinson are targeting a return in December or January.

Weitzman’s and Begley’s sources say that New York is proceeding cautiously with Robinson’s recovery process, given the troubles that ankle has given him in the last year, and that the team is confident in the “depth and versatility” of its frontcourt, which will have to get by without the Knicks’ starting center for the first couple months of the season.

The Knicks’ depth at center has already been a source of some concern entering the 2024/25 season, given that the club lost Isaiah Hartenstein in free agency and didn’t add a replacement for the big man. Further complicating matters is the fact that Julius Randle is recovering from a surgery of his own (on his shoulder) and isn’t guaranteed to be available for opening night, though his recovery process is believed to be further along than Robinson’s.

When Randle underwent his shoulder procedure in early April, the team announced that he’d be reevaluated in five months, which would be early September. However, the team hasn’t provided any formal update on the three-time All-Star — that update will likely come on Media Day next week.

Head coach Tom Thibodeau has spoken about the possibility of Randle playing some small-ball center this season, but even if Randle is available by opening night, the team will have to lean more heavily on big men like Jericho Sims and Precious Achiuwa until Robinson is ready to return. It’s also worth noting that Robinson’s unavailability this fall could help give power forward Marcus Morris a leg up on guard Landry Shamet in the battle for the 15th and final spot on the Knicks’ standard roster.

Robinson is an athletic rim-runner and rim protector who holds career averages of 8.0 points, 7.9 rebounds, and 1.9 blocks in 24.5 minutes per game across 320 career outings (196 starts). He has been impacted by injuries in recent years though, as he has missed 125 of 318 total regular season games and 12 of 29 playoff contests since the start of the 2020/21 season.

Jonathan Kuminga Discusses Potential Extension, Desire For Starting Role

September 21st, 2024 at 10:00pm CST by Arthur Hill

As the Warriors look ahead to training camp, Jonathan Kuminga doesn’t have an extension in place or a secure spot in the starting lineup, writes Tim Kawakami of The San Francisco Standard. After displaying signs of stardom over his first three NBA seasons, the 21-year-old is hoping for a breakthrough this year. The contract situation is out of his hands, so he’s focused on proving himself on the court.

“I’m not thinking about that right now,” Kuminga said about earning a starting spot. “But I’m working toward it. The goal is me being a full starter. So I’m not even worried about what’s going to happen, because I know how much work I’ve put in. And I know once I step on that floor, things are going to change.”

Kuminga started 46 of the 74 games he played last season, but he only averaged 26.3 minutes per night. Coach Steve Kerr has been up front with Kuminga about what he needs to do to solidify a starting role, Kawakami adds. That includes making better decisions with the ball, playing at a faster pace, and improving his 32.1% three-point shooting.

Draymond Green is set as the Warriors’ power forward, so Kerr wants Kuminga to adapt his game to become more effective as a small forward.

“I’ve always been a small forward, my whole life,” Kuminga said. “And I don’t have a position at this point, because I feel like … when I go back in the summer, I work on everything. Because I’m a small forward, but I could play any position, so I never just define myself as small forward. I’m definitely confident, and I just can’t wait to go out there and show people what I’ve been working on and stuff. I mean, it’s always my thing to just work on certain things and get better. And I feel like shooting threes, I’ve gotten so much better shooting.”

Kawakami states that the lack of a fully defined role has probably prevented Kuminga from landing a rookie scale extension already. The sides have until October 21 to work out an agreement, but it’s possible the Warriors will wait until next summer and look to re-sign Kuminga as a restricted free agent.

“I haven’t really got into it that much,” he said. “I don’t want to step my foot off track. I’m focusing on how can I be great? How can I help something? The better you play, the more you do things, everything’s going to open up itself. So I’m not worried about things like that because I know who I am, I know myself. At the end of the day, it’s just having an opportunity, a chance to go out there and prove. And just waiting for the moment. It’s God’s plan, so I’m not even tripping or thinking about it day to day. Whenever it happens, it’s going to happen.”

Kuminga added that he would “love to” remain with Golden State long-term if that’s what his future holds. He believes any differences with Kerr were resolved when they met in the middle of last season to discuss Kuminga’s complaints about playing time.

Kuminga is also aware of the offseason trade rumors that had him possibly going to the Clippers as part of a package for Paul George or to the Jazz in exchange for Lauri Markkanen. Kuminga takes the fact that he didn’t get dealt as a sign of confidence from general manager Mike Dunleavy Jr.

“I feel like Mike believes in us,” he said. “There’s not too many people who are going to believe in young players, but I feel like Mike believes in the young guys he drafted, the young guys he’s been around and watched their process, how they’re growing and how they’re going to fit with some of the vets we have. I mean, it’s a blessing to still be here. I’m always thankful to be around and Mike having trust in us.”

Rockets Reach Buyout Agreement With AJ Griffin

September 20th, 2024 at 10:00pm CST by Luke Adams

10:00pm: Griffin has been placed on waivers, according to NBA.com’s official transaction log.

4:28pm: The Rockets have reached a buyout agreement with forward AJ Griffin, reports Jonathan Feigen of The Houston Chronicle (subscription required).

Reporting last week indicated that Griffin was “seriously considering” the possibility of stepping away from basketball and that the Rockets were preparing for his departure from the sport. The buyout agreement between the two sides will allow Griffin to sit out the 2024/25 season while weighing whether or not he wants to continue his career beyond that, a source tells Feigen.

The 16th overall pick of the 2022 draft and the son of longtime NBA assistant and former Bucks head coach Adrian Griffin, AJ Griffin had a promising rookie season with the Hawks, averaging 8.9 points per game with a .465/.390/.894 shooting line in 72 contests (19.5 MPG).

However, he missed time due to leg and ankle issues and personal reasons in 2023/24 and didn’t play much when he was available, averaging just 8.6 minutes per contest in 20 appearances. The former Duke Blue Devil’s scoring numbers cratered to 2.4 PPG on 29.0% shooting, including 25.6% on three-point attempts.

The Rockets attempted to buy low on Griffin earlier this offseason, trading the No. 44 pick to Atlanta in exchange for the 21-year-old. That transaction was eventually turned into a three-team deal that saw Atlanta move up to No. 43, flipping No. 44 and cash to Miami.

The Rockets had reportedly long been interested in Griffin, and in July he expressed excitement about having a fresh start with Houston. But his struggles continued in Summer League, where he shot just 38.2% from the field, including 28.0% from beyond the arc, in a setting where former first-round picks with multiple years of NBA experience typically thrive.

According to Feigen, the buyout agreement between Griffin and the Rockets is worth $250K. It’s unclear whether that means the forward is giving up $250K, slightly reducing his $3.89MM cap hit for 2024/25, or giving up nearly his entire salary and leaving Houston with a cap charge of just $250K. We’ll have to wait for the official details to confirm the specific numbers.

Griffin’s rookie scale contract included a $5.97MM team option for 2025/26. That option will be declined automatically when Houston places him on waivers.

The move opens up a spot on Houston’s projected 15-man regular season roster. The club doesn’t have to carry a 15th man to open the season, but has more than enough breathing room below the luxury tax line to accommodate a minimum-salary signing.

Nets Sign Tyrese Martin, Killian Hayes

September 20th, 2024 at 12:57pm CST by Rory Maher

The Nets have signed free agents Tyrese Martin and Killian Hayes, the team announced (Twitter links).

The seventh overall pick in the 2020 draft, Hayes spent three-and-a-half seasons with the Pistons before being waived in February. Hayes’ agreement with the Nets was first reported in late July. While Hayes is on a non-guaranteed Exhibit 10 contract, he’ll reportedly be given an opportunity to earn a regular season roster spot.

Martin’s agreement with the Nets was not previously reported, but had been speculated after Long Island traded for his returning rights from the Iowa Wolves a couple weeks ago. That indicates that Martin, who played for Brooklyn’s Summer League squad in July, likely signed an Exhibit 10 deal as well.

A 25-year-old wing who started his college career at Rhode Island before finishing at UConn, Martin was the 51st pick of the 2022 draft. He spent his rookie year on a standard deal with the Hawks, but only appeared in 16 regular season games for a total of 66 minutes, having spent most of the campaign in the G League.

Atlanta released Martin last summer, making him a free agent. He signed an Exhibit 10 deal with Minnesota last fall, was waived before 2023/24 began, and spent all of last season with the team’s NBAGL affiliate, the Iowa Wolves. In 39 total games with Iowa (33.5 MPG), Martin averaged 16.8 PPG, 7.6 RPG, 3.2 APG and 0.9 SPG on .447/.331/.831 shooting.

Unlike Hayes, Martin only has one year of NBA service time, making him eligible for a two-way contract. Exhibit 10 deals can be converted to two-way contracts, and Brooklyn has one two-way opening after signing Yongxi Cui.

The Nets now have 19 players under contract, two shy of the offseason limit, with several other reported agreements that have yet to be finalized.

Yongxi Cui Signs Two-Way Deal With Nets

September 20th, 2024 at 11:10am CST by Rory Maher

The Nets are signing Yongxi Cui to a two-way contract, reports Shams Charania of The Athletic (via Twitter). The move is official, the team announced in a press release (Twitter link).

Also known as “Jacky,” Cui is a 6’8″ wing who graduated from the NBA Global Academy and played for the Guangzhou Loong Lions in the Chinese Basketball Association this past season. He went undrafted in June, making him an unrestricted free agent.

The 21-year-old also suited up for China’s World Cup team last summer before posting solid numbers in the CBA in 2023/24 — he averaged 15.8 points, 5.9 rebounds, and 3.1 assists per game in 56 appearances for Guangzhou, with a .520/.365/.783 shooting line.

Earlier this month, it was reported that Cui would be signing a two-way deal with the Nets covering two seasons. Cui worked out for Brooklyn prior to the draft, per NetsDaily, and played for Portland’s Summer League team, seeing limited action in three games.

Cui joins Jaylen Martin as players on two-way deals with the Nets. The team now has one two-way opening.

Raptors’ Bruce Brown Had Knee Surgery, Out At Least 3 Weeks

September 20th, 2024 at 10:42am CST by Rory Maher

Veteran swingman Bruce Brown underwent arthroscopic right knee surgery on Thursday and will be reevaluated in three weeks, the Raptors announced in a press release.

Brown will miss most — if not all — of training camp and preseason. Three weeks from today would be Oct. 11, and that’s when he’ll be checked out again, not when he’ll be ready to play. The Raptors will head to Montreal for camp from Oct. 1-5, then will stay in Montreal for their preseason opener vs. Washington on Oct. 6. The preseason schedule concludes Oct. 18.

As Josh Lewenberg of TSN.ca tweets, Brown has been dealing with a right knee injury for the better part of a year, and had hoped that resting and rehabbing over the summer would be a suitable solution. Obviously, that didn’t go as planned. Brown told Lindsay Dunn of CityNews Toronto (Twitter link) after the season ended in April that the injury was “very frustrating.”

“It’s been tough,” Brown said. “I mean I really couldn’t bend my knee much I really played on one leg the entire time. I just wasn’t myself since December, but next year I will be fine.”

After playing a crucial role off the bench for the Nuggets during their 2022/23 championship season, Brown drew significant interest as a free agent last summer and eventually signed a two-year, $45MM contract with the Pacers. Indiana sent him to Toronto in January as part of a trade package for Pascal Siakam.

In 67 total appearances (44 starts) for the Pacers and Raptors, Brown averaged 10.8 points, 4.2 rebounds, and 2.9 assists in 27.9 minutes per game, posting a shooting line of .478/.323/.824. Brown is considered a solid, versatile perimeter defender who is a good fit next to more ball-dominant players on offense.

The Raptors picked up their $23MM team option on Brown’s contract at the end of June. The 28-year-old, who has been the subject of several trade rumors since Toronto acquired him, will be a free agent again next summer.

Joel Embiid, Sixers Finalize Three-Year Max Extension

September 20th, 2024 at 7:05am CST by Luke Adams

Superstar center Joel Embiid has agreed to a three-year, maximum-salary contract extension with the Sixers, according to Shams Charania of The Athletic (Twitter link), who reports that the new deal, which begins in 2026/27, will include a player option on the final year.

The deal is official, per an announcement from the team.

“Philadelphia is home,” Embiid wrote in an Instagram post announcing the agreement. “I want to be here for the rest of my career. I love this community and everything you’ve given me and my family. There is a lot more work to do. You guys deserve a championship and I think we’re just getting started!”

“Joel has cemented himself as one of the greatest Sixers of all time and is well on his way to being one of the best players to ever play the game. We’re ecstatic that this extension keeps him and his family in Philadelphia for years to come,” team owner Josh Harris said in a statement of his own. “Joel is a great family man, leader, and person. He is an elite two-way player with a combination of size, strength, and athleticism that this league has rarely – if ever – seen. He is integral to this franchise’s quest for another NBA Championship, and we are honored that he continues to choose this organization as his NBA home.”

Based on current salary cap projections, Embiid’s three-year extension will be worth approximately $192.9MM. He’ll make a projected $59.5MM in 2026/27 and $64.3MM in ’27/28, with a $69.1MM player option for ’28/29. Those figures count on the cap increasing by the maximum allowable 10% in each of the next two seasons.

Taking into account the two years and $106.6MM left on Embiid’s current contract, he’s now on track to earn just shy of $300MM over the next five seasons. The big man’s previous deal included a player option for the ’26/27 season, but it’ll be replaced by the new contract.

After being plagued by foot issues that cost him two full seasons at the start of his NBA career, Embiid has become one of the league’s most dominant players, earning All-Star nods in each of the past seven years and All-NBA spots in five of those seasons.

The former No. 3 overall pick holds career averages of 27.9 points, 11.2 rebounds, 3.6 assists, and 1.7 blocks in 31.9 minutes per game across 433 outings (all starts) and finished in the top two of three consecutive MVP votes from 2021-23, winning the award in ’23.

Embiid appeared headed for another MVP-caliber season in 2023/24 before a knee injury sidelined him for most of the second half and limited him to 39 games. The 30-year-old averaged a career-high 34.7 points per game with an elite .529/.388/.883 shooting line when healthy, then won an Olympic gold medal in Paris with Team USA this summer.

Embiid’s new deal makes him the fifth member of the NBA’s $500MM+ club, according to Bobby Marks of ESPN, who notes (via Twitter) that the Sixers star trails only LeBron James, Stephen Curry, and teammate Paul George in career earnings, based on their past and current contracts. Kevin Durant is the fifth player whose career salaries will exceed $500MM by the end of his current deal.

Embiid’s extension caps a huge offseason of spending for the 76ers, who also signed Tyrese Maxey to a five-year, $203.8MM contract and George to a four-year, $211.6MM deal in free agency. In total, Philadelphia’s three stars are owed approximately $715MM.

Justin Holiday Reportedly Worked Out For Warriors

September 19th, 2024 at 4:05pm CST by Rory Maher

Justin Holiday is among a group of “several” veteran free agents who have worked out for the Warriors in recent weeks, league sources tell Anthony Slater of The Athletic. Slater also confirms that Nassir Little worked out for Golden State, as previously reported.

Holiday, 35, spent last season with the Nuggets. He averaged 4.0 PPG, 1.2 RPG and 1.2 APG on .454/.404/.750 shooting in 58 regular season games with Denver in 2023/24 (14.9 MPG).

Holiday is the definition of a journeyman, having played for 10 NBA teams over the course of his 11 seasons in the league. One of his first stops was with the Warriors — he played for Golden State in ’14/15. He holds career averages of 8.0 PPG, 2.7 RPG and 1.4 APG on .400/.365/.817 shooting in 680 regular season games, including 296 starts (23.1 MPG).

However, a reunion seems pretty unlikely. According to Slater, the Warriors have no plans to fill their 15th standard roster spot to open the season due to their proximity to the first tax apron, at which they’re hard-capped for the ’24/25 campaign. While it’s possible that a veteran could outplay Gui Santos or Lindy Waters — both of whom are on non-guaranteed deals — in training camp and preseason, Slater expresses skepticism that the Warriors will release either player.

Slater also provides an update on No. 52 overall pick Quinten Post, who remains unsigned. According to Slater, Post has been earmarked for a two-way contract, which means one of Golden State’s three two-way players — Pat Spencer, Reece Beekman or Daeqwon Plowden — will have to be cut soon.

It’s worth noting that Atlanta’s G League affiliate recently gave up a second-round NBAGL draft pick in a trade to acquire Plowden’s returning rights. While G League draft picks (especially second-rounders) aren’t all that valuable, it still seems unlikely that the College Park Skyhawks would’ve given one up if they expected Plowden to remain with the Warriors all season, since he’d continue to play for Santa Cruz in the NBAGL as long as he remains on his two-way deal with Golden State.

Philadelphia Mayor Announces Agreement With Sixers For New Arena

September 18th, 2024 at 5:00pm CST by Arthur Hill

A tentative agreement has been reached to keep the Sixers in Philadelphia, Mayor Cherelle L. Parker announced on Twitter (video link). The deal, which must be approved by city council, involves a new arena in Center City.

“This is a historic agreement,” Parker said. “It is the best financial deal ever entered into by a Philadelphia mayor for a local sports arena. I wholeheartedly believe it is the right deal for the people of Philadelphia.”

The new arena would be located on Market Street East, which Jeff Gammage, Sean Collins Walsh and Ximena Conde of The Philadelphia Inquirer describe as a “beleaguered” section of the city. Parker promises that the new facility will generate tax revenue for the city and local schools, create hundreds of new jobs and launch “the start of an unprecedented revival of Market Street.”

According to the Inquirer, Parker’s statement followed a meeting with leaders from Chinatown, who have opposed development in the area. Dozens of Chinatown residents gathered outside City Hall on Wednesday to protest the proposed arena, vowing that they will continue to fight it.

The agreement with the Sixers comes after an offer from New Jersey to provide $400MM in tax credits and build a multi-purpose arena once the lease at Wells Fargo Arena expires in 2031. The team currently rents the arena from Comcast Spectacor and has plans to build a $1.3 billion facility when a location is officially secured.

The Sixers released a statement expressing optimism about the new agreement, relays Kyle Neubeck of PHLY Sports (Twitter link).

“We are grateful to Mayor Parker and her team for their time and diligence in evaluating our proposal,” the statement reads, “and look forward to advancing to the next steps with City Council.”