Newsstand Rumors | Hoops Rumors

Jazz Waive Russell Westbrook

July 20th, 2024 at 6:26pm CST by Arthur Hill

The Jazz have officially waived Russell Westbrook, the team announced in a press release. The 35-year-old point guard, who was acquired from the Clippers on Thursday, is expected to join the Nuggets after clearing waivers on Monday.

Westbrook was sent to Utah as part of a sign-and-trade involving free agent guard Kris Dunn, who reached an agreement with L.A. shortly after the start of free agency. The Jazz received a second-r0und pick swap and cash in the deal, which gave the Clippers the ability to remove Westbrook’s salary from their books while offering Dunn a higher salary than they otherwise could’ve.

This is the second time in 17 months that Westbrook has been traded to Utah and then released without playing a game. The Jazz also picked him up from the Lakers in a February 2023 deal before negotiating a buyout that enabled him to join the Clippers.

It’s not clear yet if there was a buyout involved this time or if Utah agreed to pay Westbrook his entire $4MM contract for the upcoming season. He’ll earn about $3.3MM with Denver, which is limited to offering him a veteran’s minimum contract due to apron restrictions.

Westbrook could have tested the free agent market this summer, but he opted to exercise his option and remain in L.A. The Clippers immediately began working with him to find a trade, and the Nuggets, who need a backup point guard after sending Reggie Jackson to Charlotte, quickly emerged as the most likely destination. Adding Westbrook as a free agent simplifies things for Denver, which doesn’t have to worry about matching salaries in a trade.

Westbrook, a nine-time All-Star and former MVP, settled into a bench role in his first full season with the Clippers. He appeared in 68 games and averaged 11.1 points, 5.0 rebounds, 4.5 assists and 1.1 steals on .454/.273/.688 shooting in 22.5 minutes per night.

Grizzlies Trade Ziaire Williams, Second-Rounder To Nets For Diakite

July 19th, 2024 at 1:54pm CST by Rory Maher

1:54pm: The trade is now official, the Grizzlies announced in a press release (Twitter link).

12:25pm: The Grizzlies have agreed to a trade that will send Ziaire Williams and a 2030 second-round pick (via Dallas) to the Nets for Mamadi Diakite and the draft rights to Nemanja Dangubic, sources tell ESPN’s Adrian Wojnarowski.

It’s essentially a salary dump for Memphis, which had been looking to move Williams due to the team’s financial situation. The 22-year-old will earn $6.13MM in 2024/25, which is the final season of his rookie scale contract. The Grizzlies will generate a trade exception worth that amount.

After the transaction is complete, the Grizzlies project to be about $10MM below the luxury tax line and $14MM beneath the first apron, tweets ESPN’s Bobby Marks. The Nets will acquire Williams using one of their outstanding trade exceptions, Marks notes. It’ll likely be the one worth $9.5MM from sending Royce O’Neale to Phoenix in February.

According to Damichael Cole of The Memphis Commercial Appeal (Twitter link), the Grizzlies are likely to use their new cap flexibility to re-sign veteran sharpshooter Luke Kennard, who remains an unrestricted free agent. Wojnarowski confirms Memphis is working to bring back Kennard.

As for the rebuilding Nets, they’ll be taking a low-risk flyer on a former top prospect in Williams, who was selected 10th overall in the 2021 draft. And as a sweetener for taking on his salary, they’ll also add a future second-round pick.

Williams has averaged 7.5 points and 2.6 rebounds per game on .426/.301/.803 shooting over the past three seasons with Memphis (150 games; 20.4 minutes per contest). He’s eligible for a rookie scale extension until the day before the 2024/25 season begins; if no deal is reached, he’ll be eligible for restricted free agency in 2025.

Diakite, a forward/center who was sent from New York to Brooklyn in the Mikal Bridges trade and is now being re-routed to Memphis, could be waived. His salary for next season is only partially guaranteed for $1.39MM, and Cole recently reported that the Grizzlies want to keep an open roster spot entering the regular season; re-adding Kennard and retaining Diakite would push their standard roster count up to 15 players.

Diakite, 27, has bounced around the NBA over the course of his four seasons, suiting up for the Bucks, Thunder, Cavs, Spurs and Knicks. Overall, the Guinea native has appeared in 55 regular season games, with career averages of 3.1 points and 2.3 rebounds in 9.6 minutes.

Magic Sign Cory Joseph

July 19th, 2024 at 1:27pm CST by Luke Adams

July 19: Joseph’s contract is now official, the Magic announced in a press release.

July 17: The Magic and free agent point guard Cory Joseph have agreed to a deal, reports Michael Scotto of HoopsHype (Twitter link). According to Scotto, Joseph’s new contract will cover two seasons.

A first-round pick in 2011, Joseph has spent 13 seasons in the NBA, playing for the Spurs, Raptors, Pacers, Kings, Pistons, and Warriors since entering the league.

The veteran guard, who will turn 33 next month, averaged just 11.4 minutes per contest in 26 appearances for Golden State last season before being dealt to the Pacers in February in a salary-dump trade. He was subsequently waived by Indiana.

Though he wasn’t effective in 2023/24, Joseph has a solid career résumé as a backup point guard. The Canadian has averaged 6.9 points, 3.0 assists, and 2.5 rebounds in 21.7 minutes per game across 816 regular season outings, with a shooting line of .441/.349/.786.

While the exact terms of Joseph’s agreement haven’t been reported, I’d expect it to be a veteran’s minimum deal.

It’s also unclear whether or not the first year will be fully guaranteed. It seems safe to assume that the second year, at least, will be non-guaranteed, as Orlando has made a habit in recent years of tacking on second-year team options for many of its signees — Gary Harris and Moritz Wagner both got them earlier this month.

[Update: Jason Beede of The Orlando Sentinel (Twitter link) confirms that the second year of Joseph’s contract will be a team option.]

The Magic entered the day with 14 players on standard guaranteed contracts for 2024/25, so Joseph looks like the leading candidate to fill the 15th spot on the club’s standard roster for now.

Assuming he makes the regular season roster, Joseph will provide depth and veteran leadership in a young backcourt that includes Jalen Suggs, Cole Anthony, and Anthony Black. It looks increasingly unlikely that former No. 1 overall pick Markelle Fultz is in Orlando’s plans going forward. Fultz remains an unrestricted free agent.

Clippers, Jazz Complete Trade Involving Westbrook, Dunn

July 18th, 2024 at 8:04pm CST by Rory Maher

8:04pm: The trade is official, according to an announcement from the Jazz, who also acquired the draft rights to Balsa Koprivica (the No. 57 pick in 2021) in the deal.

1:33pm: The Clippers are sending Russell Westbrook, a second-round pick swap, and cash to the Jazz in order to acquire free agent guard Kris Dunn via sign-and-trade, sources tell ESPN’s Adrian Wojnarowski (Twitter links). The second-round swap will be for 2030, tweets Tony Jones of The Athletic.

Westbrook is expected to reach a buyout agreement with Utah and eventually sign with the Nuggets once he clears waivers, according to Wojnarowski.

Chris Haynes of Bleacher Report (Twitter link) hears that Dunn will sign a three-year, $17MM contract. The final season of Dunn’s deal with Los Angeles will be a team option, per Woj (Twitter link).

Strangely, this will be the second time that Westbrook will be traded to — and then waived by — Utah in 17 months, with the first instance coming in February 2023. In this case, the Jazz are acquiring a second-round swap and some cash in exchange for using a small chunk of their cap room to take Westbrook’s salary off L.A.’s books.

The 35-year-old will earn a little over $4MM this season, while the minimum salary for a player with his amount of experience will earn about $3.3MM. We’ll have to wait and see how much he gives up in the buyout, but it’s safe to assume he’ll be on a minimum-salary deal with the Nuggets — it’s all they can offer due to their financial situation.

Westbrook exercised his player option this summer but reports came out almost immediately saying the Clips were working with him on a trade. He has essentially only been linked to Denver, which has an opening at backup point guard after salary dumping Reggie Jackson to Charlotte.

Three-time MVP Nikola Jokic is reportedly a fan of Westbrook, who also received an endorsement from veteran center DeAndre Jordan. The nine-time All-Star and former MVP averaged 11.1 points, 5.0 rebounds, 4.5 assists and 1.1 steals on .454/.273/.688 shooting in 68 games with the Clips last season (22.5 minutes per contest).

Haynes reported on July 1 that Dunn would sign with the Clippers, with Jake Fischer of Yahoo Sports later stating that the two sides were working on sign-and-trade scenarios to open a wider salary range for the 30-year-old guard. It took a few weeks, but a deal has finally come to fruition.

The fifth overall pick in the 2016 draft, Dunn didn’t live up to his draft billing in Minnesota or Chicago during the early years of his career, but has evolved into a solid rotation piece in recent years. Dunn spent the past two seasons in Utah, where he provided solid, versatile defense in the Jazz’s backcourt and earned praise from head coach Will Hardy for his voice in the locker room.

In 88 total appearances (35 starts) across two seasons in Utah, Dunn averaged 7.4 points, 4.3 assists, and 3.3 rebounds in 20.6 minutes per game, with a shooting line of .497/.395/.741.

Magic Co-Founder Pat Williams Passes Away

July 17th, 2024 at 11:00pm CST by Arthur Hill

Pat Williams, a Hall of Fame executive and co-founder of the Magic, has died at 84, the team announced (via Twitter).

“Pat Williams simply brought magic to Orlando,” team Chairman Dan DeVos and CEO Alex Martins said in a joint statement. “His accomplishments will always be remembered. Armed with his ever-present optimism and unparalleled energy, he was an incredible visionary who helped transform the world of sports in multiple ways. From bringing the Magic to Orlando, to transforming sports marketing and promotions, he was always ahead of the curve.

“Pat forever changed the sports landscape in Orlando. He shined a light on what those who called Orlando home already knew – that Central Florida was a fabulous place to live, work and play. We all owe him a debt of gratitude and he will certainly be missed, but never forgotten.”

In 1986, Williams teamed with local businessman Jimmy Hewitt in an effort to bring an NBA team to Orlando. They were approved for an expansion franchise in April of 1987, and the team played its first game in 1989.

Williams started his long NBA career as the Sixers’ business manager in 1968. He staged spectacular halftime shows that helped Philadelphia become one of the league’s most successful teams in terms of attendance.

He was offered the general manager’s role in Chicago at age 29, and his legacy with the organization includes the creation of mascot Benny the Bull. He moved on to the Hawks as general manager in 1973 and a year later became GM in Philadelphia, holding the job for 12 years and helping to build the 1983 championship roster. Williams also served as GM in Orlando until 1996, when he was promoted to senior vice president.

He announced his retirement in 2019 after a career that included more than 30 years with the Magic and more than five decades in the NBA.

“He was the best husband, father and grandfather and brother anyone could ask for — a warrior, a hero, a visionary, but most importantly, a larger-than-life follower of Jesus,” the Williams family said in a statement. “He loved a challenge, and when he moved our family to Orlando to start the Magic, he was full of excitement and energy that he displayed every day. We all grew up believing that anything is possible because of his unwavering enthusiasm for what he was passionate about.”

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

Isaiah Thomas Works Out For Bucks

July 17th, 2024 at 6:36pm CST by Arthur Hill

Free agent guard Isaiah Thomas was one of several players who attended a workout with the Bucks today in Las Vegas, sources tell Shams Charania of The Athletic (Twitter video link).

At 35, Thomas is looking for another NBA opportunity after finishing last season with Phoenix, where he saw limited playing time in six games. He signed a pair of 10-day contracts with the Suns in March and was given a standard deal through the end of the season.

Thomas was a two-time All-Star in Boston, but he has bounced around the league over the past seven years and hasn’t played regularly since appearing in 40 games with Washington in the 2019/20 season.

At his peak, Thomas was an explosive scorer who averaged 28.9 PPG during the 2016/17 season and finished fifth in the MVP voting. At 5’9″, he relied on his quickness and ball-handling skills to get off shots over much taller players. However, he hasn’t been the same since suffering a hip injury during the 2017 playoffs.

Other players at today’s workout, according to Charania, were Justise Winslow, Hamidou Diallo, Will Barton and Jaylen Nowell.

The Bucks reached an agreement on Tuesday with free agent Gary Trent Jr., which will give them 15 standard contracts once it’s finalized. That includes Andre Jackson on a partially guaranteed deal, so Milwaukee has some flexibility if wants to add another player. The team is limited to offering minimum-salary contracts to outside free agents because it’s operating over the second tax apron.

WBD Reportedly Plans To Match Amazon’s Media Rights Package

July 17th, 2024 at 5:11pm CST by Arthur Hill

The NBA’s Board of Governors ratified the league’s new media rights deal Tuesday night, according to Tom Friend of Sports Business Journal, but the process is still far from over.

Sources tell Friend that Warner Bros. Discovery — the owner of TNT Sports, a longtime NBA media partner — is expected to match the “C” package given to Amazon, which could set off a contentious legal battle. Commissioner Adam Silver hinted at that possibility in a press conference Tuesday night when he said work remains to be done “with existing partners.”

The next step will be for the league to give WBD written copies of the three contracts. Their annual value was originally reported as $2.6 billion for ESPN, $2.5 billion for NBC Universal and $1.8 billion for Amazon, although Friend hears the current numbers are slightly higher. That begins a five-day timeframe in which WBD CEO David Zaslav has the option to match the deal with either NBC or Amazon.

Friend’s sources say that Zaslav views Amazon’s streaming deal — which includes alternating conference finals, a Thursday package, Friday or Saturday games, the NBA Cup (in-season tournament), early-round playoffs and international rights — as the most fiscally responsible. Friend adds that WBD plans to match Amazon with its own streaming service, Max, while running simulcasts on TNT.

According to Friend’s sources, the NBA will likely argue that Max doesn’t possess nearly the same reach as Amazon, which has 200 million worldwide customers compared to about 100 million for Max. Friend notes that the league’s stance could lead to a lawsuit, a financial settlement for WBD, or possibly a fourth broadcast package.

Friend reports that the Board of Governors approved the media rights package in a 29-1 vote, with the only opposition coming from the Knicks, which isn’t surprising given owner James Dolan’s public criticism of the deal and the NBA’s revenue sharing policies.

Sources told Friend that the three-hour meeting in which the rights deal was approved was “a breeze,” and owners received a memo Tuesday informing them that its total value has increased to $77 billion over 11 years. The price tag had many owners questioning whether WBD can really afford to match to match the Amazon bid, Friend adds, noting that the company laid off 1,000 employees this week after similar cutbacks in 2022 and 2023.

Friend points out that streaming has become an increasingly popular option in sports television, and the NBA appears to want to get involved. His sources say that cable TV wasn’t mentioned at all during the BOG meeting or by Silver at his session with reporters.

Friend also cites speculation that NBA TV, which is produced in Atlanta by Turner Sports, could eventually be moved to a studio in New York or New Jersey. His sources indicate that Silver wants the league to continue owning the network regardless of where it’s based.

Spurs Re-Sign Charles Bassey On One-Year Contract

July 17th, 2024 at 3:25pm CST by Dana Gauruder

JULY 17: Bassey’s new deal has been officially completed, the Spurs announced in a press release.

JULY 16: The Spurs are re-signing center Charles Bassey to a fully guaranteed one-year, $2.2MM contract, Shams Charania of The Athletic tweets.

Bassey has played with San Antonio the past two seasons. The addition of Bassey will give San Antonio a full 15-man roster. San Antonio also reached an agreement with Sandro Mamukelashvili on Tuesday.

San Antonio waived Bassey earlier this month in order to complete the three-team trade with the Kings and Bulls highlighted by DeMar DeRozan and Harrison Barnes.

Bassey, 23, suffered a torn left ACL in December while playing for San Antonio’s G League affiliate, the Austin Spurs. Bassey was averaging 3.3 points and 4.0 rebounds in 10.8 minutes per game with the NBA club in 19 appearances prior to the injury. He made $2.6MM last season.

There haven’t been any updates on Bassey’s condition but obviously the Spurs felt comfortable enough about his rehab to give him a guaranteed deal. The terms reported by Charania suggest it’ll be worth the minimum — for a player with Bassey’s three years of service, that would be $2,162,606.

The big man was drafted by the Sixers in the 2021 second round and spent one year in Philadelphia.

Khris Middleton Recovering From Two Ankle Surgeries

July 17th, 2024 at 3:00pm CST by Luke Adams

After Bucks head coach Doc Rivers said on ESPN’s Summer League broadcast on Tuesday (Twitter video link) that Khris Middleton underwent surgery this summer, Shams Charania and Eric Nehm of The Athletic have provided the details. According to Charania and Nehm, Middleton is actually recovering from two separate procedures.

The first was an arthroscopic surgery on Middleton’s left ankle to address an injury that plagued him throughout the 2023/24 season. The Bucks forward originally sprained the ankle on February 6 and said a month later that he had never experienced a sprain as bad as that one — it ultimately kept him on the shelf for nearly a month-and-a-half, costing him 16 games.

Middleton also underwent an arthroscopic procedure on his right ankle, per The Athletic’s duo, to clean up a lingering issue. He sprained his right ankle in Game 2 of the team’s first-round postseason series vs. Indiana.

The procedure on Middleton’s left ankle occurred shortly after the Bucks were eliminated in the playoffs in May, while the second procedure on the right ankle was completed in mid-June.

Although it may not be welcome news for Bucks fans that Middleton – whose effectiveness has been compromised by injury issues in recent years – is recovering from surgeries on both ankles, Charania and Nehm say the recovery process is going well.

The 32-year-old was walking around without pain or discomfort in Las Vegas over the weekend and has already begun light on-court workouts, league sources tell The Athletic. The expectation is that Middleton will be ready to go for the start of the 2024/25 season.

Middleton’s numbers are down over the past two regular seasons as he has struggled to stay healthy, but he performed more like his old self during the postseason this spring, helping to keep the Bucks in the series vs. the Pacers with Giannis Antetokounmpo unavailable and Damian Lillard sidelined for two games. He averaged 24.7 points, 9.2 rebounds, and 4.7 assists in those six games, making 48.2% of his shots from the field and 90.0% of his free throws.

Kyrie Irving Undergoes Surgery For Broken Hand

July 16th, 2024 at 7:39pm CST by Dana Gauruder

Mavericks star gaurd Kyrie Irving underwent surgery to repair a broken left hand, according to a team press release. He sustained the injury earlier this month while training.

Irving was coming off a stellar postseason in which he averaged 22.1 points, 5.1 assists and 3.7 rebounds per game as he and backcourt partner Luka Doncic lifted Dallas to the NBA Finals.

He averaged 25.6 points, 5.2 assists and 5.0 rebounds during the regular season while appearing in 58 games. He missed time in December and late January due to heel and thumb injuries.

With training camps opening in two-and-a-half months, it stands to reason Irving should be healed by that time. To that end, a team source expressed optimism to ESPN’s Tim MacMahon that Irving will be able to participate in camp (Twitter link).

Still, the injury will disrupt his usual offseason regimen.

Irving will make $41MM next season and has a $43.96MM player option next offseason on the final year of his current contract.