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Olympic Men’s Basketball Quarterfinal Matchups Set

August 3rd, 2024 at 5:00pm CST by Arthur Hill

With Olympic pool play now complete, the men’s basketball quarterfinal matchups have been determined. All four games will take place Tuesday, and the competition will be single-elimination from now on.

Germany will face Greece at 5 a.m. Eastern time, followed by Serbia vs. Australia at 8:30 a.m., France vs. Canada at noon and the U.S. vs. Brazil at 3:30 p.m. The Germany-Greece winner will face the France-Canada winner in one semifinal, with the Serbia-Australia winner taking on the U.S.-Brazil winner in the other.

It’s the best possible draw for Team USA, which clinched the top seed with a 21-point win over Puerto Rico earlier today. The Americans, who were 3-0 in Group C, won’t have to face the unbeaten Germans or Canadians or the host French until the gold medal game.

They’ll start with a Brazilian team that went 1-2 in Group B, with its only win coming against Japan. Vitor Benite is Brazil’s leading scorer in the Olympics at 14.3 PPG, while Bruno Caboclo leads in rebounds at 7.3 per game and Yago Santos is tops in assists at 6.0 per game.

Germany breezed through the competition in Group B, compiling a +47 point differential that was second only to Team USA. Led by Dennis Schröder, Franz Wagner and Moritz Wagner, the reigning FIBA world champions are trying to cement their place as an international basketball power. To advance, they’ll have to get by a Greek team led by Giannis Antetokounmpo, who has been dominant in the Olympics, averaging 27.0 points, 7.7 rebounds and 3.7 assists in three games.

Three-time NBA MVP Nikola Jokic leads Serbia, which went 2-1 in Group C and lost only to the United States. Jock Landale has been Australia’s top player so far, averaging 17.7 points and 9.7 rebounds, but the Boomers feature a roster loaded with NBA talent such as Josh Giddey, Dyson Daniels, Dante Exum and Patty Mills.

Canada, which is trying to win its first-ever Olympic basketball medal, also has a roster packed with NBA players. RJ Barrett (21.0 PPG), Shai Gilgeous-Alexander (19.0) and Dillon Brooks (14.3) have been the leading scorers as they swept through Group A, which was billed as the toughest grouping. The host French have been mildly disappointing, even at 2-1, but they’ll have a chance to exploit the size of Victor Wembanyama and Rudy Gobert against the smaller Canadian team.

NBA, FIBA Have Discussed Idea Of New League Or Tournament In Europe

August 3rd, 2024 at 1:22pm CST by Luke Adams

The NBA has ramped up talks with FIBA and has considered the idea of launching a new league or annual tournament in Europe, commissioner Adam Silver confirmed in a conversation with Tim Reynolds of The Associated Press.

While the discussions between the NBA and FIBA aren’t new, Silver referred to them as “much more serious” than they’ve been in the past, according to Reynolds, who notes that the league may feel the time is right to take advantage of the sport’s popularity in Europe. The level of European basketball star power has never been higher than it is right now and the NBA recently finalized a media rights deal that will run through 2036, opening the door for the league office to focus on new endeavors.

“We certainly haven’t made any definitive decisions,” Silver said from the Olympics in France. “I continue to believe there’s enormous opportunity here. It’s not something where we’ll transform a league structure in the short term. But I think that there’s an appetite among our team owners for additional investment in global basketball. We have a huge initiative in China. We have a huge initiative in Africa. Given the quality of the basketball here in Europe, it would seem to make sense that we should be doing something here as well.”

According to Reynolds, Silver said he has no preference on whether to pursue the establishment of a league or a tournament in Europe. For now, he and deputy commissioner Mark Tatum are using their trip overseas as an opportunity to get feedback from FIBA officials, league executives, and other stakeholders about the NBA’s potential options.

“We want to make sure we have a true grasp of the opportunity,” Silver said. “We’ll take the time we need to before we decide to move forward on any initiative.”

As Mike Vorkunov of The Athletic writes, many existing European teams compete separately in domestic and international leagues, so a new international league run by the NBA could give teams across the continent additional options beyond established competitions like the EuroLeague and EuroCup.

According to Vorkunov, many top European basketball clubs lose money or at least don’t turn a significant profit, so there’s a sense that an NBA-run league could provide an “improved economic structure.” However, there’s also concern that the quality of the product could suffer as a result — with no salary cap currently in place in the EuroLeague, some teams are in the red because they’re spending aggressively in pursuit of championships.

“The fear has always been if the NBA comes in, it’s going to be what the NBA is in the States: it’s business and it’s entertainment, and then it’s sports,” one EuroLeague source told Vorkunov.

As Vorkunov observes, the NBA has shown with its Basketball Africa League that it’s capable of effectively organizing and maintaining an international competition that incorporates teams from several countries and operates separately from those teams’ domestic leagues.

“No one was waiting for the NBA to come in but at this point, there’s a certain need to structure the markets and the competitions in a certain way,” a EuroLeague team president said to Vorkunov. “There is one brand that has proven they can do that.”

According to Reynolds, Silver stressed that if the NBA were to launch a league in Europe, the goal wouldn’t be to replace the EuroLeague or other top competitions.

“We certainly don’t want to do damage to the strong bones of the basketball infrastructure that are in place,” Silver said. “On the other hand, in terms of regional and pan-regional competition here in Europe, it would be my sense — and again, I’m still studying — that lots of investors are losing significant amounts of money every year. And while this isn’t just about money, most things that continue to lose money without a trajectory towards profitability ultimately do not survive. And so, whatever we do here, I think it’s important that it’s additive to the European basketball structure.”

Mavericks Sign Spencer Dinwiddie To One-Year Deal

August 3rd, 2024 at 10:07am CST by Dana Gauruder

The Mavericks have officially signed veteran point guard Spencer Dinwiddie to a one-year contract, according to a team press release. The agreement was previously reported on July 22.

“We welcome having Spencer back with us in Dallas,” Mavericks GM Nico Harrison said in a statement. “Spencer is an experienced teammate, who understands what we are trying to accomplish. His energy, versatility, and playmaking from the guard position adds invaluable depth to our roster and leaves us well positioned going into next season.”

The terms of the Mavs’ agreement with Dinwiddie have yet to be reported. While Dallas could technically offer more than the veteran’s minimum using the mid-level or bi-annual exception, the team doesn’t have a ton of wiggle room below the first tax apron, so a minimum-salary deal seems more likely.

Dinwiddie, 31, was previously a Maverick from 2022-23 for almost exactly one year. He was traded from Washington to Dallas at the trade deadline in February 2022 as part of the return for Kristaps Porzingis, then was sent to Brooklyn at the 2023 deadline as part of the package for Kyrie Irving.

Dinwiddie played well during his first stint in Dallas, averaging 17.1 points, 4.9 assists, and 3.1 rebounds in 32.3 minutes per game across 76 outings (60 starts). He posted a shooting line of .466/.404/.788 during that time — those field goal and three-point percentages are well above his career marks.

The veteran guard was less effective in 2023/24 across 76 appearances (52 starts) for the Nets and Lakers, posting averages of 10.5 PPG, 4.7 APG, and 2.7 RPG in 28.3 MPG while shooting .392/.337/.805.

The hope is that a return to Dallas will help fuel a bounce-back season for Dinwiddie, who still has a home in Texas and whose partner is from the state, according to Brian Lewis of The New York Post (Twitter link). The move also reunites Dinwiddie with Irving — the two guards played together in Brooklyn from 2019-21.

Assuming Dinwiddie’s salary is fully guaranteed, he’d be the 14th Maverick on a guaranteed contract for 2024/25. A.J. Lawson, the 15th man, has a non-guaranteed deal and would need to be waived in order to make room on the regular season roster for veteran forward Markieff Morris, whose return is considered likely.

Raptors Sign Bruno Fernando

August 2nd, 2024 at 9:30pm CST by Luke Adams

9:30pm: The Raptors have officially signed Fernando, according to NBA.com’s transaction log.

7:11am: The Raptors have agreed to terms on a contract with free agent big man Bruno Fernando, a source tells Blake Murphy of Sportsnet.ca (Twitter link).

According to Murphy, it’ll be a non-guaranteed deal that will give Fernando a chance to compete for a spot on Toronto’s 15-man regular season roster. He would assure himself of some guaranteed money by making the team.

The contract won’t include Exhibit 10 language, Murphy adds, so Fernando wouldn’t be ticketed for the Raptors 905 in the G League if he’s waived before the season.

A five-year veteran who was a second-round pick in 2019, Fernando began his NBA career with the Hawks before being traded to Boston in August 2021 and then to Houston in February 2022. He was dealt back to Atlanta in February 2023.

After playing eight games for the Hawks down the stretch of the 2022/23 season, Fernando didn’t play much at all in the first half of ’23/24, appearing in just 13 of Atlanta’s first 49 games for an average of 6.5 minutes per contest. However, he was thrust into a larger role in the second half due to a series of frontcourt injuries, averaging 7.6 PPG and 5.2 RPG while shooting 59.4% from the floor and 70.1% from the line over his final 32 games (18.7 MPG).

Fernando, who will turn 26 later this month, was waived by Atlanta earlier this week before his $2.7MM salary for 2024/25 could become guaranteed.

The Raptors are currently carrying 14 players on guaranteed standard contracts, plus Jamison Battle on an Exhibit 10 contract. Once Fernando’s deal is official, the club will have 19 players under contract, including its three on two-way deals.

It wouldn’t be surprising to see Toronto bring in another veteran or two besides Fernando to compete for that 15th regular season roster spot.

Celtics Sign Anton Watson To Two-Way Contract

August 2nd, 2024 at 3:38pm CST by Arthur Hill

3:38pm: Watson’s two-way contract with the Celtics is official, according to the team (Twitter link).

12:39pm: Second-round pick Anton Watson will sign a two-way contract with the Celtics, a league source tells Adam Himmelsbach of The Boston Globe (Twitter link).

The 23-year-old small forward was the 54th selection in this year’s draft after playing five seasons at Gonzaga. He averaged career highs of 14.5 points, 7.1 rebounds and 2.6 assists last season while shooting 57.8% from the field and 41.2% from three-point range.

Watson played for Boston’s entry in the Las Vegas Summer League, putting up 11.8 points and 5.2 rebounds in five games.

Watson is eligible to appear in up to 50 NBA games on his two-way deal, but he’ll likely spend most of his rookie season in the G League given the quality of the Celtics’ roster. Once Watson’s signing is complete, he’ll join JD Davison and Drew Peterson as Boston’s two-way players.

TyTy Washington Signs Two-Way Contract With Suns

August 2nd, 2024 at 2:34pm CST by Arthur Hill

2:33pm: Washington’s contract is official, the Suns announced (via Twitter).

10:12am: Free agent guard TyTy Washington will sign a two-way contract with the Suns, agent Kevin Bradbury of Lift Sports tells ESPN’s Adrian Wojnarowski (Twitter link).

Washington, 22, appeared in 11 games with Milwaukee last season on a two-way deal, averaging 1.3 PPG in 5.1 minutes per night. He spent much of the season in the G League with the Wisconsin Herd.

Washington was a first-round selection out of Kentucky in the 2022 draft, taken by Houston with the 29th pick. He was limited to 31 games as a rookie while also splitting time in the G League.

The Rockets shipped Washington to Atlanta last summer as part of a complex five-team deal. Four days later, the Hawks moved him to Memphis, which eventually waived him, and he signed with the Bucks in late August.

The addition of Washington will fill Phoenix’s last open two-way slot. Collin Gillespie and Jalen Bridges were signed to two-way deals last month.

Cavs Sign Jarrett Allen To Three-Year Extension

August 2nd, 2024 at 1:22pm CST by Luke Adams

AUGUST 2: Allen’s extension is official, the Cavaliers announced in a press release.

“We couldn’t be more excited that Jarrett Allen chose to extend in Cleveland for the prime of his career,” president of basketball operations Koby Altman said. “Jarrett’s growth as a player, at just 26 years old, was accelerated when he earned his first All-Star selection in 2022. He is the anchor of our core group of players and his presence fits our vision for sustainable success. Jarrett also embodies the culture and values of our organization, and we look forward to achieving even greater things together.”

JULY 31: The Cavaliers and center Jarrett Allen have agreed to a three-year extension that will begin in 2026/27, when the big man’s current deal expires, agent Derrick Powell tells Adrian Wojnarowski of ESPN.

According to Wojnarowski, the deal will be worth the maximum that Allen can receive on a veteran extension, which is just shy of $91MM over three years.

Players are permitted to receive up to 40% raises in the first year of an extension and Allen will make $20MM in 2025/26. That means he’ll earn $28MM in the first year of his new deal, followed by salaries of $30.24MM in ’27/28 and $32.48MM in ’28/29, for a total of $90.72MM.

Allen, 26, has spent the past three-and-a-half seasons in Cleveland, emerging as one of the NBA’s most reliable starting centers during that time. After starting his career in Brooklyn, he became a Cavalier as a result of the four-team blockbuster trade in January 2021 that sent James Harden to Brooklyn, then re-signed with the Cavs on a five-year, $100MM contract during the summer of 2021.

Allen was named an All-Star in 2022 and has averaged 15.1 points, 10.3 rebounds, 2.0 assists, and 1.2 blocks in 31.8 minutes per game with a .642 FG% across 252 outings (241 starts) since arriving in Cleveland. He established new career highs in PPG (16.5) and APG (2.7) this past season, but a rib injury in April ended his season early, sidelining him for the Cavs’ last eight playoff games, including the entire second-round series vs. Boston.

Allen is the third Cavaliers starter to agree to a lucrative multiyear contract extension this offseason, joining Donovan Mitchell and Evan Mobley. Cleveland will now have its top four players – Mitchell, Mobley, Allen, and Darius Garland – under contract through at least 2027 — Mitchell holds a player option for 2027/28.

While Allen has been the subject of some trade speculation in recent years – the Pelicans are known to have significant interest in him – signing this extension will make him ineligible to be dealt for six months.

Unless he waits until August 7 or later to sign his new contract, Allen will become trade-eligible prior to the February 6 trade deadline.

Spurs To Fully Guarantee Julian Champagnie’s 2024/25 Salary

August 1st, 2024 at 8:07pm CST by Alex Kirschenbaum

The Spurs will fully guarantee the 2024/25 salary for small forward/shooting guard Julian Champagnie, sources tell Michael Scotto of HoopsHype (Twitter link).

The 6’8″ swingman will earn $3MM in 2024/25 for a rebuilding San Antonio club. The team would have had to waive him on or before Thursday to avoid guaranteeing that $3MM.

As Scott observes, Champagnie started in 59 of his 74 contests with the club last year during a 22-60 season.

Across those 74 healthy games, he averaged 6.8 points per contest with a .408/.365/.815 shooting line. Champagnie also recorded 2.8 rebounds, 1.4 assists, 0.6 blocks and 0.6 steals in just 19.8 minutes per night.

The 23-year-old wing went undrafted out of St. John’s in 2022, where he had earned a pair of First-Team All-Big East accolades.

The Sixers signed him to a two-way deal in 2022/23, though Philadelphia eventually cut him that February. San Antonio quickly snagged him off waivers.

Nothing is guaranteed beyond 2024/25 for Champagnie on the final two seasons of his four-year deal. He’s owed $3MM in 2025/26, which is non-guaranteed until August 1, 2025. The Spurs hold a $3MM team option for the 2026/27 season.

San Antonio now has 15 players on guaranteed standard contracts for ’24/25.

Knicks Sign Chuma Okeke

August 1st, 2024 at 6:16pm CST by Rory Maher

6:16pm: The Knicks have officially announced (via Twitter) the signing of Okeke to an Exhibit 10 deal.

12:04pm: The Knicks plan to sign free agent forward Chuma Okeke, sources tell Michael Scotto of HoopsHype (Twitter link).

Okeke, who played a couple of college seasons at Auburn, was the 16th overall pick of the 2019 draft. He has spent the past five years with the Magic, holding career averages of 6.3 points, 3.7 rebounds and 1.5 assists in 189 regular season games, including 55 starts (20.3 minutes per contest). He posted a .383/.318/.789 shooting line over that span.

Okeke had an unusual start to his professional career, as he didn’t sign his rookie scale contract until 2020, a year after he was drafted, due to a torn ACL. That meant he hit free agency a year later than his 2019 first-round draft classmates as well. He became an unrestricted free agent when Orlando chose not to give him a $7.4MM qualifying offer.

Known primarily for his excellent work on the defensive end, Okeke has unfortunately battled injuries since he turned pro, playing between 27 and 47 games in three of his four active seasons. He was not a rotation regular in 2023/24 for Orlando, averaging a career-low 9.2 minutes per contest.

While the terms of the contract were not disclosed, it seems likely be a one-year, minimum-salary deal, perhaps with a partial guarantee. The Knicks currently have 14 players on standard contracts, so Okeke could be battling for a potential 15th spot in training camp, assuming the team decides to carry a full roster.

Gordon Hayward Announces Retirement

August 1st, 2024 at 9:06am CST by Dana Gauruder

Free agent forward Gordon Hayward has chosen to retire. He posted his decision on social media on Thursday morning (Twitter link).

“Today, I am officially retiring from the game of basketball,” he wrote. “It’s been an incredible ride and I am so grateful to everyone who helped me achieve more than I ever imagined.”

Hayward, 34, burst onto the national scene in 2010 when he led Butler to the NCAA Championship game, narrowly missing a game-winner half-court heave at the final buzzer against Duke.

The Jazz selected him in the lottery with the ninth pick in that year’s draft. He spent his first seven seasons with Utah and made the All-Star team in the last of those seasons. He departed Utah on a four-year, $128MM deal with the Celtics but his career was sidetracked by a devastating left leg injury in his first regular-season game for Boston.

He left the Celtics in 2020 after declining his player option and was dealt to Charlotte in November 2020 via a sign-and-trade, inking a four-year, $120MM contract in the process. However, his years in Charlotte were a disappointment as injuries piled up and he was unable to lift the franchise to a postseason appearance.

Hayward’s career ended with the Thunder after he was dealt by the Hornets at last season’s trade deadline. Hayward had a limited role with Oklahoma City and expressed frustration after the team was eliminated.

“Obviously disappointing with kind of how it all worked out. This is not what I thought it would be. Certainly frustrating. … We have a great team here with great young players, a great coach. So the future is bright,” Hayward said, adding, “I feel like as a player I have a lot to offer. I just wasn’t given much of an opportunity to do that.”

However, a month after free agency began, Hayward decided to call it quits.

In 835 career regular-season appearances, Hayward averaged 15.2 points, 4.4 rebounds and 3.5 assists in 30.7 minutes per game. He also saw action in 36 postseason contests, averaging 12.1 PPG, 4.1 RPG and 2.4 APG.