Newsstand Rumors | Hoops Rumors

Knicks Sign Cameron Payne To One-Year Contract

July 15th, 2024 at 6:20pm CST by Dana Gauruder

8:06pm: The Knicks have officially signed Payne, the team’s PR department tweets.

6:20pm: The Knicks are signing reserve point guard Cameron Payne to a one-year contract, Chris Haynes of Bleacher Report and TNT tweets.

The Knicks are using the veteran’s minimum exception to sign Payne, Ian Begley of SNY TV tweets. The deal will be worth approximately just over $3MM.

Payne will immediately jump into the mix for backup minutes behind star floor leader Jalen Brunson.

Payne, 29, will be joining his seventh team since entering the league in 2015. He split his time between the Bucks and Sixers last season.

Milwaukee traded Payne and a 2027 second-round pick to Philadelphia for Patrick Beverley at the trade deadline. With Milwaukee, Payne appeared in 47 games and averaged 6.2 points and 2.3 assists in 14.9 minutes. With the Sixers, Payne saw action in 31 regular-season contests, averaging 9.3 points and 3.1 assists in 19.4 minutes. He also appeared in a handful of Philadelphia’s playoff games.

The addition of Payne makes it less likely that second-round pick Tyler Kolek will play a rotation role in his rookie year. Miles McBride is another candidate for regular minutes among the backcourt reserves.

The Knicks had also expressed interest in free agent point man Tyus Jones, according to Begley, who says that Payne’s playoff experience added to his appeal. The addition of Payne gives the Knicks 13 players on the roster, Begley notes (Twitter link), so at least one more move is coming.

Payne was arrested in Arizona this offseason after he made a false report and would not identify himself.

Knicks’ Mikal Bridges Expected To Sign Team-Friendly Extension

July 15th, 2024 at 3:51pm CST by Rory Maher

After being acquired in a blockbuster trade with the Nets, new Knicks wing Mikal Bridges is expected to “follow (Jalen) Brunson‘s lead” and sign a relatively team-friendly contract extension with New York when he becomes eligible to, according to veteran NBA reporter Marc Stein (Substack link).

As Stein writes, Bridges will be eligible for a less appealing ($72.5MM) two-year extension as of October 1. He will also be eligible for more lucrative three- and four-year extensions during the 2025 offseason. Either way, an extension isn’t imminent, since it isn’t even currently permitted.

Still, it’s a noteworthy development considering what the Knicks gave up to acquire Bridges — five first-round picks (four unprotected), one swap, Brooklyn’s own 2025 second-rounder, and veterans Bojan Bogdanovic, Shake Milton (sign-and-trade), and Mamadi Diakite.

The 10th pick of the 2018 draft, Bridges signed a four-year, $90MM rookie scale extension in October 2021, which kicked in starting in 2022/23. He will earn $23.3MM in ’24/25, followed by $24.9MM in ’25/26. A potential extension wouldn’t begin until ’26/27.

Bridges, 27, was the runner-up for the 2021/22 Defensive Player of the Year award, also earning a spot on the All-Defensive First Team that season. He starred in college at Villanova, playing alongside Brunson, Donte DiVincenzo and Josh Hart. That surely factors in with Brunson’s deal as well.

Bridges has yet to miss a game in his six-year NBA career. In 82 appearances last season (34.8 MPG), the 6’6″ guard/forward averaged 19.6 PPG, 4.5 RPG, 3.6 APG and 1.0 SPG on .436/.372/.814 shooting.

Wall, Thomas, Caboclo Seeking NBA Contracts

July 15th, 2024 at 9:14am CST by Luke Adams

Former No. 1 overall pick and five-time All-Star John Wall is among the NBA veterans who are in Las Vegas this week in the hopes of finding their way back into the league. Making an appearance on ESPN’s Summer League broadcast on Sunday (YouTube link), Wall said he’s seeking a new NBA home after having not been on a roster since February 2023.

“My focus is to still work hard and come here and network and be around teams,” Wall said (hat tip to Nick Jungfer of Basketball Forever). Whatever role it is, I’m willing to accept. … If it’s going to a team and being a vet and teaching the young guys how to be a point guard, just to help, that’s a development I’m willing to do.”

Once a 20-point-per-game scorer who was consistently among the league leaders in assists, Wall dealt with a series of leg injuries – including a torn Achilles – and hasn’t played more than 41 games in a season since 2016/17. He appeared in 34 contests for the Clippers in ’22/23, but his shooting rates (.408/.303/.681) were well below his career averages and he has lost a step on defense. The 33-year-old was traded from Los Angeles to Houston at the 2023 deadline and was waived by the Rockets a few days later.

Another former All-Star guard who has struggled to hold a consistent NBA roster spot in recent years, Isaiah Thomas also appeared on ESPN’s Sunday broadcast (YouTube link) and told Cassidy Hubbarth that he continues to seek a new contract after finishing last season with the Suns. Thomas’ time with Phoenix in March and April represented his first stint in the NBA in two years.

“I’m a free agent right now. (I’m) talking to a few teams trying to see what the best opportunity is down the line,” Thomas said. “I want to play a year or two more. Just staying on the slow grind. Staying patiently ready. Knowing that I can impact an organization whether I play or not, and be super impactful each and every day. So I’m just waiting for the call.”

Like Wall, Thomas hasn’t played a full NBA season since 2016/17 and has been slowed by injuries since then — in Thomas’ case, a hip issue limited his availability for multiple years. In the seven years since he averaged 28.9 points per game in 76 starts for Boston in ’16/17, he has played just 115 total NBA games.

Meanwhile, former NBA first-round pick Bruno Caboclo, who has been out of the league since 2020/21, is also in Vegas in search of an NBA offer, according to a report from Mozzart Sport (hat tip to Eurohoops).

A 6’9″ forward, Caboclo never developed into a reliable role player in the NBA, but has excelled in Europe, earning All-EuroCup Second Team honors and winning a German League (Basketball Bundesliga) championship with Ratiopharm Ulm in 2023. The 28-year-old technically remains under contract with KK Partizan, but has been at odds with the Serbian club and reportedly doesn’t intend to return, per Mozzart Sport.

While it’s not uncommon for free agents to hold workouts for NBA teams in Vegas during Summer League, with so many league personnel in attendance, it’s unclear if Wall, Thomas, or Caboclo will be holding any such workouts or if they’re simply in town for networking purposes.

Cavs’ Darius Garland: “I Don’t Want To Be Traded”

July 15th, 2024 at 7:19am CST by Luke Adams

A May report from The Athletic suggested that if Donovan Mitchell were to sign a contract extension this offseason, Darius Garland‘s agent Rich Paul was expected to have a conversation with the Cavaliers about possibly finding a new home for his client. However, even though Mitchell signed his extension, Garland is uninterested in initiating that conversation, as he told Chris Fedor of Cleveland.com (subscriber link).

“I don’t want to be traded,” Garland said. “Those are just rumors.”

Sources tell Fedor that Paul and Cavaliers head of basketball operations Koby Altman have spoken this offseason, but there has been no indication that Garland’s camp is seeking a change of scenery, and the team has made it clear it has no interest in moving the former All-Star.

According to Fedor, Garland was thrilled for Mitchell when his backcourt mate signed a lucrative new deal with Cleveland and was excited about the team’s hiring of Kenny Atkinson as its new head coach.

Garland has been in Las Vegas participating in some on-court workouts and meeting with Atkinson — during a dinner on Friday, the two men discussed offensive schemes and sets, as well as the 24-year-old’s role, Fedor notes.

“It sounds really good,” Garland said. “A lot of spacing and a lot of room for me and Don and all of the other guys to be able to thrive.”

Atkinson, who has spoken about Garland in glowing terms since being hired in Cleveland, shares his point guard’s enthusiasm.

“I can’t wait to work with them,” Atkinson said of the Cavs’ star guards. “I was a point guard and that’s the quarterback. Those guys are running the show and it’s such a huge position in this league. I identity with them. Huge fan of Darius. Always been a fan. Underrated. Underrated passer. I don’t think he gets enough credit for the feel. Then, Donovan we all know, he’s the real deal. The great ones have a different type of work ethic. He’s wired a little bit differently.”

Garland had a down year in 2023/24, as his averages of 18.0 PPG and 6.5 APG and his .446/.371/.834 shooting line were all below his career rates. But that was less about sharing the ball with Mitchell and more about other a handful of other factors, including a fractured jaw and the weight loss that resulted from drinking out of a straw for over a month. Garland’s grandmother also passed away, according to Fedor, which led to him leaving the team on off days multiple times.

“It was a lot,” Garland told Fedor. “Sometimes you just have to go through it. Always bumps in the road. This was a big speed bump. It was really tough last year. It was definitely a learning experience for me. Just tried to stay mentally locked in and tried to keep my head up and keep a smile on my face. I just had to stay mentally strong while going through a tough time in my life and having to fight adversity.”

Pelicans Sign Center Karlo Matkovic To Three-Year Deal

July 14th, 2024 at 7:27pm CST by Dana Gauruder

7:27pm: The signing is official, according to a press release from the Pelicans.

7:04pm: The Pelicans are signing 2022 second-round pick Karlo Matkovic to a three-year contract, Shams Charania of The Athletic tweets. The third year will be a team option, Will Guillory of The Athletic tweets.

While Charania pegs the value of the contract at $4.9MM, a three-year, minimum-salary deal for a rookie would be worth approximately $5.4MM, so it sounds like Matkovic is getting the minimum via the second-round exception.

Matkovic provides depth at center for a team that lost Jonas Valanciunas in free agency. He played 34 games for the Slovenian club Cedevita Olimpija Ljubljana last season, then joined the Birmingham Squadron. In 10 games with New Orleans’ G League squad, he averaged 17.3 points, 7.9 rebounds, 1.9 assists and 1.5 blocks in 31.3 minutes per contest.

Matkovic was selected 52nd overall in the 2022 NBA draft by the Pelicans and had remained overseas until his G League stint.

Matkovic, 23, had six points and six rebounds in 16 minutes in the Pelicans’ Summer League opener this weekend.

The low-cost signing will aid New Orleans regarding its luxury tax concerns, John Hollinger of The Athletic tweets. Matkovic will have a first-year salary of $1,157,153 in 2024/25.

Hornets Sign Taj Gibson To One-Year Deal

July 13th, 2024 at 8:23pm CST by Rory Maher

8:23pm: Gibson’s signing is official, the Hornets announced in a press release.

9:51am: The Hornets intend to sign veteran big man Taj Gibson to a one-year, $3.3MM contract, agent Mark Bartelstein tells ESPN’s Adrian Wojnarowski (Twitter link).

Based on the reported terms, Gibson will receive the veteran’s minimum for a player with 10+ years of experience ($3,303,771), while Charlotte will carry a $2,087,519 cap hit.

The 26th pick of the 2009 draft, Gibson has spent the past 15 seasons in the NBA. He had a long stint with Chicago to open his career before playing for Oklahoma City, Minnesota, New York (twice), Washington and Detroit. He finished the 2023/24 season with the Pistons.

Gibson, 39, is no longer a top-tier reserve or a starter like he was in his prime, but he’s still highly valued for his locker-room presence, professionalism and leadership.

Charlotte has a new front office led by head of basketball operations Jeff Peterson and a new head coach in Charles Lee. The team has repeatedly mentioned work ethic as a point of emphasis this offseason, which is something Gibson is known for.

The 6’9″ forward/center holds career averages of 8.6 PPG, 5.8 RPG and 1.0 BPG in 965 regular season games, including 450 starts (23.5 MPG).

Veteran Big Man Mike Muscala Retiring

July 13th, 2024 at 8:42am CST by Rory Maher

Veteran big man Mike Muscala is ending his playing career, telling Joel Lorenzi of The Oklahoman that he plans to retire.

Muscala’s father, Bob, informed Lorenzi that Mike plans to pursue a graduate degree in sports management, with an eye on continuing his basketball career in coaching and/or management.

The No. 44 overall pick of the 2013 draft, Muscala has spent the past 11 NBA seasons playing for the Hawks, Sixers, Lakers, Thunder, Celtics, Wizards and Pistons. He finished last season in Oklahoma City, returning to the Thunder in March after playing for them from 2019-23.

Muscala, 33, spent the first five seasons of his career with Atlanta. He was traded multiple times during the 2018/19 season before finding a home in Oklahoma City for a few years. He spent the past year-plus playing for four different teams — OKC, Boston, Washington, Detroit and finally OKC again. According to Lorenzi, Muscala said relocating so many times in a short period of time took its toll on him, but he was grateful to finish his career with the Thunder.

“It means a lot,” Muscala said of his time with the Thunder back in May. “I went through a lot in my life when I was here, just the city, the fans, the way that they support the team, what the team means to the community, those are things that I feel like I can relate to.

“I’ll always be a Thunder fan no matter what happens in my life.”

In 548 regular season contests, including 45 starts, the former Bucknell star averaged 5.9 PPG and 3.1 RPG in 15.0 MPG. The 6’10” center/forward was known mostly for his outside shooting ability (37.3% career from three-point range) and for being a positive locker-room presence.

Nuggets Rookie DaRon Holmes Tears Right Achilles

July 13th, 2024 at 5:36am CST by Luke Adams

DaRon Holmes‘ rookie season appears to be over before it started. According to Shams Charania of The Athletic (Twitter link), Holmes sustained a torn right Achilles tendon during his Summer League debut on Friday and is expected to miss all of 2024/25.

It’s a brutal blow for a player whom the Nuggets were so high on that they surrendered three second-round picks in order to move up from No. 28 to No. 22 in last month’s draft to make sure they got him.

While there was no guarantee Holmes would have played rotation minutes in his first NBA season, he likely would have been given the opportunity to earn a regular role on a Denver team that will need contributions from a few of its younger players. Instead, the forward/center’s NBA debut will almost certainly be delayed until the fall of 2025.

Prior to entering this year’s draft, Holmes compiled an impressive résumé in three college seasons at Dayton, earning All-Atlantic 10 honors in all three years, including a First Team spot in 2023 and 2024. He was named the Atlantic 10 co-Player of the Year and Defensive Player of the Year in 2024 after averaging 20.4 points, 8.5 rebounds, 2.6 assists, and 2.1 blocks in 32.5 minutes per game across 33 starts in 2023/24. He also posted a shooting line of .544/.386/.713.

Prior to his injury on Friday, Holmes had been enjoying a solid Summer League debut, with 11 points and seven rebounds. His parents and agent were in attendance at the game, notes Bennett Durando of The Denver Post.

With Holmes sidelined for the 2024/25 season, the Nuggets figure to lean more on Zeke Nnaji and newly signed big men Dario Saric and Vlatko Cancar for frontcourt depth. DeAndre Jordan will also be back, though his new deal with the team isn’t yet official.

As Harrison Wind of DNVR Sports observes (via Twitter), Denver could apply for a disabled player exception following Holmes’ injury, but it would be worth just $1,532,820, half of the rookie’s $3,065,640 salary, so it wouldn’t be very useful. You can learn more about how disabled player exceptions work in our glossary.

Kyle Lowry Signs One-Year Deal With Sixers

July 12th, 2024 at 9:32pm CST by Alex Kirschenbaum

JULY 12: Lowry has officially signed his new contract, according to a team press release.

“Kyle is a floor general, the ultimate competitor, and a proven winner who has experienced success at the highest level. His return is vital to our quest toward bringing a championship back to the City of Philadelphia,” Morey said in a statement.

JULY 11: Free agent point guard Kyle Lowry is signing a new one-year contract to return to his hometown Sixers, sources inform Shams Charania of The Athletic (Twitter link). Charania didn’t report the terms of the deal, but Philadelphia can only offer the veteran’s minimum to free agents after using all of its cap space and its room exception.

Lowry shared the news himself in a fresh Instagram video.

The 38-year-old will be playing in his 19th NBA season in 2024/25. Adrian Wojnarowski of ESPN tweets that conversations between Philadelphia team president Daryl Morey and Lowry’s agent Mark Bartelstein of Priority Sports increased over the last week.

According to Woj, the Villanova alum had been weighing his options and considering several playoff hopefuls as he looks to win his second championship.

After starting out the 2023/24 season with the Heat, Lowry and his expiring $29.7MM contract were traded to the Hornets in exchange for the younger Terry Rozier, currently a more prolific offensive threat. Lowry negotiated a buyout and signed on with his hometown Sixers, where he quickly earned a backcourt starting role alongside All-Star point guard Tyrese Maxey with De’Anthony Melton injured.

Though he’s no longer a high-volume scorer, Lowry remains an efficient three-point threat and a surprisingly savvy defender whose solid frame allows him to match up with bigger players despite his 6’0″ height. Across his 23 regular season contests with the Sixers last year (20 starts), the six-time All-Star posted averages of 8.0 points, 4.6 assists, 2.8 rebounds, and 0.9 steals per night, with a shooting line of .444/.404/.848.

The Sixers have enjoyed perhaps the most productive offseason of any team this summer. Morey cleared out more than $53MM in cap space and pounced when star Clippers forward Paul George became available, quickly signing him to a four-year, maximum deal worth nearly $212MM.

Philadelphia also signed three-and-D small forward Caleb Martin, brought back rebounder extraordinaire Andre Drummond after his two-year Bulls stint, used their full room exception to re-sign swingman Kelly Oubre, signed sharpshooter Eric Gordon to a minimum contract, and signed restricted free agent Tyrese Maxey to a maximum deal via his Bird rights. The Sixers could still conceivably bring back free agent swingman KJ Martin, too, if the price is right.

All told, with this depth surrounding a new core of George, Maxey and perennial MVP candidate Joel Embiid, Philadelphia now looks like one of the best-equipped clubs in the East to challenge the Celtics for conference supremacy next season.

Pistons Hiring Luke Walton As Assistant Coach

July 12th, 2024 at 7:52pm CST by Tristan Tucker

The Pistons are hiring Luke Walton to join J.B. Bickerstaff‘s coaching staff as the lead assistant, according to The Athletic’s Shams Charania (Twitter link). As noted by Charania, Walton has spent the last two seasons serving as an assistant coach in Cleveland under Bickerstaff.

Walton played in the NBA for the Lakers from 2003-12 and then spent the 2012/13 season with the Cavs before retiring. He then enjoyed brief stints as an assistant for the University of Memphis and the now-South Bay Lakers of the G League.

Walton got his first NBA coaching job in 2014 as an assistant for the Warriors for two seasons. He helped the organization win a title in ’14/15 and earn an all-time best 73-9 record in ’15/16. Filling in as Golden State’s interim head coach at the start of the ’15/16 season while Steve Kerr recovered from back surgery, Walton led the Warriors to a 24-game winning streak and a 39-4 overall record. He was hired by the Lakers the following season as a first-time head coach.

The Lakers went 98-148 in three years under Walton. After leaving the Lakers, Walton was hired as the head coach in Sacramento, where he won 68 games in a little more than two seasons. In all, Walton owns a 166-241 record as a head coach.