Newsstand Rumors | Hoops Rumors

Pistons Claim Paul Reed Off Waivers

July 9th, 2024 at 4:17pm CST by Dana Gauruder

The Pistons are claiming former Sixers big man Paul Reed off waivers, The Athletic’s Shams Charania tweets. The Pistons have confirmed the move in a press release (Twitter link).

Reed was placed on waivers on Saturday when Philadelphia chose to sign free agent forward Caleb Martin. He had been due to clear waivers and become a free agent at 4:00 pm CT if he had gone unclaimed.

The Pistons will use some of their available cap room to claim Reed, who signed a three-year, $23,555,150 contract last summer with Philadelphia. Only the first year was guaranteed — his $7.7MM salary for next season remains non-guaranteed until early January, and his $8.1MM salary for 2025/26 will stay non-guaranteed as long as his team doesn’t advance to the second round of the playoffs.

The Pistons could retain Reed to compete with or back up incumbent center Jalen Duren, use Reed as a trade chip, or waive him again if they need to clear cap room to make another move.

Reed has evolved into a serviceable backup in the frontcourt over the past few seasons. In 2023/24, he averaged 7.3 points, 6.0 rebounds, 0.8 steals and 1.0 blocks, appearing in all 82 of Philadelphia’s regular season games.

Trade Rumors Front Office: Changes To Article Delivery

July 9th, 2024 at 9:52am CST by Tim Dierkes

I created our Trade Rumors Front Office subscription service several years ago due to challenges with the online advertising revenue model. For $29.89 per year, a Trade Rumors Front Office subscription removes ads on all our sites and in our app, provides weekly original articles from longtime Hoops Rumors head writer Luke Adams, and grants access to a weekly live chat with Arthur Hill. I think we’re offering strong value for the price, and more features are on the way for subscribers.

To date, Luke’s exclusive articles have been delivered entirely via email. This has resulted in a missed benefit for new subscribers, who had no access to previously-sent articles. Sometimes people sign up specifically because they hear about a certain Front Office original we sent out. They would inquire about it and I’d forward the email to them along with other recent exclusives. This was not an efficient system, so I’ve decided to create an archive of Trade Rumors Front Office articles on Hoops Rumors itself. New subscribers will be able to go back and check out previous content as soon as they sign up.

This will be accomplished in the form of a paywall. Roughly twice per week on average, a paywalled Trade Rumors Front Office article or live chat will appear on Hoops Rumors. We averaged 14.9 posts per day on Hoops Rumors last year, to give you a sense of how often you’ll run into this paywall. If you’re a logged-in subscriber, you will not see the paywall. Everyone else will see just a snippet of the article before running into it.

Trade Rumors Front Office subscribers will continue to receive these articles via email as well. If you’re a subscriber and you decide you no longer need the emails because the articles are on the website, you can go here and unsubscribe from emails as needed. We have not yet built the paywall technology in our iOS and Android apps, so the exclusive articles will not appear there. If you’re an app user and paid subscriber you’ll want to continue receiving the emails.

Putting these Front Office articles on Hoops is not just about creating an archive. It will also serve as marketing for the subscription service. A portion of Hoops readers are interested in paying to read these articles, and I don’t think it makes sense to hide them. Some people will see the topics and read an excerpt and be convinced to subscribe. If that may apply to you, I should point out that it’s risk-free, in that we offer a 100% money-back guarantee if you’re unsatisfied for any reason.

Others will choose not to subscribe, whether due to lack of interest or their financial situation. Our ad-supported readers remain appreciated and vital to this website. It’s worth pointing out that the core function of Hoops Rumors is not changing. Luke and the Hoops writing team are still going to curate, contextualize, and analyze news from the around the game in real-time and provide up-to-the-minute transaction breakdowns, as this site has since 2012. That remains free and ad-supported. The Trade Rumors Front Office articles that will appear on this site are opinion and analysis-based, as you’ll see. We have no intention of paywalling news posts, which would not make sense.

We’re producing two Trade Rumors Front Office NBA articles/chats per week at present. It’s likely we’ll eventually paywall additional opinion and analysis posts, particularly time-intensive ones.

Whether you’re a Trade Rumors Front Office subscriber or someone who enjoys the free ad-supported Hoops Rumors, you’re welcome here. After 12+ years the site is still going strong. Thanks for reading, and feel free to ask questions in the comment section.

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Kings Officially Acquire DeRozan, Spurs Get Barnes In Three-Team Swap

July 8th, 2024 at 6:22pm CST by Dana Gauruder

The blockbuster three-team deal involving DeMar DeRozan and Harrison Barnes is official, according to a Spurs press release, Kings press release, and Bulls press release.

The Spurs acquired Barnes from the Kings. In addition, San Antonio received the right to swap first-round picks with the Kings in 2031 while sending two-way player RaiQuan Gray to Chicago.

Additionally, the Spurs are waiving Charles Bassey to complete the trade, Jeff McDonald of the San Antonio Express-News tweets. However, San Antonio is exploring ways to bring Bassey back in the fold.

Sacramento acquired DeRozan from the Bulls while sending Chris Duarte, two second-round picks and cash considerations to Chicago, along with Barnes and the 2031 pick swap to San Antonio.

The Bulls will waive Gray, K.C. Johnson of NBC Sports Chicago tweets.

The deal is a sign-and-trade for DeRozan, who ranked sixth on our list of the top 50 free agents for this summer. His new contract is worth approximately $76MM over three years, according to Chris Haynes of TNT and Bleacher Report (Twitter link), who adds that the first two seasons are fully guaranteed with a partial guarantee for the final year.

The contract includes $49MM in guaranteed money over the first two seasons, per Sean Cunningham of FOX 40 Sacramento (Twitter link). It also features bonuses for being named an All-Star, tweets ESPN’s Bobby Marks.

The trade leaves the Kings hard-capped at the $178.1MM first apron, per cap expert Yossi Gozlan (Twitter link). Sacramento will also create a $5.9MM trade exception in the deal, Gozlan adds.

The 34-year-old DeRozan was extremely productive during his three seasons in Chicago, averaging 25.5 points, 4.7 rebounds and 5.1 assists per game and finishing near the top in the Clutch Player of the Year balloting the past two seasons.

The six-time All-Star will now team with De’Aaron Fox, Domantas Sabonis, Malik Monk and Keegan Murray on what should be one of the league’s most exciting offenses. The Kings will be counting on that group to lead them back to the playoffs after being eliminated in the play-in tournament last season.

Parting with DeRozan is the latest step in an offseason roster shakeup in Chicago, which has already traded Alex Caruso and lost Andre Drummond in free agency. The Bulls are shifting to a younger and less expensive roster in hopes of eventually rebuilding into a more competitive team.

Duarte, a 27-year-old swingman with three years of NBA experience, is the latest addition, but it’s uncertain how large his role will be. He appeared in 59 games with Sacramento last season, but averaged just 3.9 points and 1.8 rebounds in 12.2 minutes per night.

Duarte is under contract for one more season at $5.9MM and is eligible for an extension through October 21. Chicago will create a significant trade exception in the deal $17.6MM trade exception in the deal, according to Bobby Marks of ESPN (Twitter link).

Barnes joins Chris Paul as veteran offseason additions in San Antonio. The 32-year-old is extremely durable, playing in all 82 games the past two seasons. He can handle either forward spot and he figures to get plenty of open looks alongside Paul and Victor Wembanyama. Barnes averaged 12.2 points, 3.0 rebounds and 1.2 assists last season with .474/.387/.801 shooting stats.

The Spurs will use their cap space to absorb Barnes’ $18MM salary for the upcoming season, Wojnarowski and Tim Bontemps write in a full story on the trade. Barnes will make $19MM in 2025/26 before becoming an unrestricted free agent.

Barnes’ contract includes a $3.7MM trade kicker that Sacramento will be responsible for, Marks adds (Twitter link), broken up into $1.85MM for each of the next two seasons. That number could be negotiated down, but only with Barnes’ consent.

Heat Re-Sign Haywood Highsmith

July 8th, 2024 at 12:10pm CST by Luke Adams

5:25pm: The signing is official, the team tweets.

12:10pm: The Heat have agreed to re-sign free agent forward Haywood Highsmith, agent Jerry Dianis tell Adrian Wojnarowski of ESPN (Twitter link).

Highsmith will receive a two-year, $11MM deal to remain in Miami, per Wojnarowski. The full amount is guaranteed, with no team or player option on the second year, Woj adds (Twitter link).

“We’ve been consistent with Miami with how Haywood felt,” Dianis told Ira Winderman of The South Florida Sun Sentinel (Twitter link). “And we felt he wanted to be in Miami. This deal memorializes that.”

Highsmith, who is 6’7″ with a seven-foot wingspan, earned a rotation role in Miami over the last two seasons due primarily due to his defense. However, he has gradually developed into more of a threat on the offensive end, having set new career highs in points per game (6.1), field-goal percentage (46.5%), and three-point percentage (39.6%) while averaging 20.7 minutes per contest across 66 games (26 starts) in 2023/24.

The No. 36 free agent on our top-50 list, Highsmith reportedly drew interest from rival suitors during free agency. According to Barry Jackson of The Miami Herald (Twitter link), the Bucks and Suns – both of whom were limited to minimum-salary offers – were among the teams pursuing the 27-year-old, with Damian Lillard joining Milwaukee’s recruiting efforts.

However, Highsmith had spoken multiple times in the spring about his desire to remain in Miami. The Heat were limited in their ability to offer much more than the two-year, $11MM contract they put on the table due to their proximity to the second tax apron — and their desire to remain below that apron.

According to cap expert Yossi Gozlan (Twitter link), the club projects to have about $1.5MM in breathing room below the second apron, with 14 players on guaranteed contracts. That suggests, barring additional roster moves, that the 15th roster spot may remain open entering the season.

Daniel Theis Signs With Pelicans

July 8th, 2024 at 10:48am CST by Arthur Hill

JULY 9: Theis’ deal with New Orleans is now official, according to the NBA’s transaction log.

JULY 8: Free agent center Daniel Theis will join the Pelicans on a one-year contract, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

His salary will be roughly $3MM, according to Kelly Iko of The Athletic (Twitter link). That suggests it’s probably a minimum-salary deal, which would be worth $2,800,834.

The well-traveled big man will provide an inside presence for a New Orleans team that just lost Jonas Valanciunas, who was shipped to Washington in a sign-and-trade deal. Theis could be in contention for a starting spot, depending on how the Pelicans fill out the rest of their roster.

New Orleans will be the sixth team for Theis, who averaged 6.3 points, 4.1 rebounds and 1.0 assists in 59 games with the Clippers last season. He signed with L.A. in mid-November after being waived by Indiana.

Theis, 32, began his career with Boston in 2017. He also had short stays with Chicago and Houston, along with a return to the Celtics late in the 2021/22 season.

Theis was one of the stars of the German team that went undefeated while winning the gold medal at the 2023 FIBA World Cup. He will represent Germany again at this year’s Summer Olympics.

Paul George Explains Decision To Leave Clippers

July 8th, 2024 at 10:03am CST by Arthur Hill

Paul George said in a his latest podcast (Twitter video link) that he “never wanted to leave L.A.,” but he was frustrated by negotiations with the Clippers, including an initial offer that he viewed as “kinda disrespectful.”

Wearing his new Sixers jersey, George explained that his preference was to re-sign with the Clippers and try to help them win their first-ever title. He emphasized that there are “no hard feelings” toward the organization, but said the first offer he received when contract talks started in October was $60MM over two years, which he called “crazy.”

“As we kept going, they would go up inches, inches, inches, to where it was like 44, 45,” George said, “but this was like a couple months in between before we got it to 40-something. I’m still like, ‘Nah, I’m not doing that. Then I hear wind of what they’re going to give Kawhi (Leonard). So I’m like ‘Just give me what Kawhi got. Y’all view us the same. We came here together. … I’ll take what Kawhi got.’ I was cool with that.”

George noted that Leonard accepted less than the max when he agreed to a three-year, $152.4MM extension in January, adding that he was willing to do the same to keep the core of the team together. George’s negotiations remained unproductive until he halted talks around the All-Star break because he didn’t want the new contract to be a distraction for the rest of the season.

“Season ends, I finish healthy, 74 games played and had one of my most efficient seasons,” George said. “So now we go into negotiations, now they bring it to three years, $150MM. It sucks that we had to get to this point, that we couldn’t get this figured out a lot sooner. I’m like all right, now we’re in the ballpark. Now we can have a conversation here.”

George said he was willing to accept that offer as long as the Clippers included a no-trade clause to make sure he got to stay in Southern California. When the team refused, he increased his asking price to four years at $212MM.

“If y’all going to trade me, y’all going to trade me,” he said. “But at least now I’m not in a situation where I could have got more had I just gone to free agency than take this deal and y’all can just ship me wherever (you) want. Now I’m on this deal that I didn’t want. They didn’t want to do that.”

George said that’s when he became open to exploring offers from other teams. That led him to schedule free agency meetings with the Sixers and Magic and ultimately accept a four-year max offer from Philadelphia.

“Through negotiations, they weren’t budging, they weren’t going to budge,” George said of Clippers management. “I wasn’t going to budge. I thought I played well enough for them to, you know, be like ‘He’s a part of our future.’ I thought I did that. I thought I earned that. Granted we didn’t win while I was there, but luck has a lot to do with that. We couldn’t remain healthy as a unit. But I thought I did enough to earn that.

“… I love (Clippers owner Steve Ballmer). I love (team president Lawrence Frank), but at that point it didn’t even feel right to come back with that type of energy and be comfortable playing back in L.A.”

Stephen Curry Talks About Losing Klay Thompson

July 8th, 2024 at 7:56am CST by Arthur Hill

Speaking to Kendra Andrews of ESPN, Stephen Curry speculated that the NBA’s new rules will make it difficult for another team to ever have long-term success like the Warriors.

Curry, Draymond Green and Klay Thompson won four titles together and formed the core of their team for more than a decade. With the introduction of an additional tax apron in the latest Collective Bargaining Agreement, the roster became too expensive and too restrictive to keep together and their partnership ended last week when Thompson reached an agreement with the Mavericks.

“I don’t think [it will be replicated] just because it’s very hard to keep things together in this league,” Curry said. “A lot more player movement. Me, Klay and Draymond, we complemented each other so well for so long. We all brought something different to the table, so we’ll see. Records are meant to be broken. Dynasties come all different shapes inside of us, so we’ll see.”

Curry told Andrews that he “desperately” wanted Thompson to return to the team. However, there have been indications for several months that he wouldn’t get the offer he wanted from Golden State and was planning to explore his options in free agency. Curry also said he understands that Thompson needs a fresh start after 13 years in the Bay Area and expressed hope that he can rediscover the joy he had earlier in his career.

“It’s something that I never imagined would be a reality, but we want him to be happy,” Curry said.

Known as the “Splash Brothers” for their exceptional shooting, Curry and Thompson will be remembered as one of the most successful backcourts in NBA history. They made six trips to the NBA Finals, with Curry twice earning league MVP honors and being named Finals MVP in 2022. Curry was a 10-time All-Star during their years together, while Thompson was selected to five All-Star games.

Warriors coach Steve Kerr also participated in the interview, saying it’s odd to have Thompson playing for another franchise. He added that the feeling won’t fully seem real until the Warriors gather for training camp.

“This has become a family over the years and people have watched us grow and stay together and succeed and fail,” Kerr said. “So Klay leaves, it’s like, yeah, it’s bizarre for us, it’s bizarre for everybody. [But] everybody is given a ton of freedom here and they have to do what’s in their heart. The best thing for Klay, he needed a change.”

The loss of Thompson is part of a roster overhaul as Golden State tries to create a younger team with a smaller tax bill while still getting the most out of the end of Curry’s career. Andrews notes that Kyle Anderson, De’Anthony Melton and Buddy Hield have all been brought in this summer, and larger roles are expected for Jonathan Kuminga, Moses Moody, Brandin Podziemski and Trayce Jackson-Davis.

“Being in one place for my own career, and it’s like a broken record, but I know it’s really hard to do that,” Curry said. “I want to be greedy and say we can be relevant and be in the mix and give ourselves a realistic chance to win while I’m still growing these gray hairs and doing high school visits in the Bay [Area] for my daughter. It’s crazy. [It’s] just the nature of where I’m at. But yes, all that to say I love the Bay and the Bay is home and I never want that to change.”

LeBron Was Willing To Give Bigger Discount For Impact Player

July 7th, 2024 at 9:58pm CST by Dana Gauruder

LeBron James took less than the maximum in his latest two-year contract with the Lakers in order to give the front office more financial flexibility. He cited his strong “working relationship” with the club in an interview with ESPN’s Dave McMenamin.

“We are in a relationship and anybody knows relationships, [knows that] it’s all about committing,” James said. “It’s also about doing things to help both sides. So, we’ve been in a working relationship going on seven years … so that’s what it’s about.”

According to McMenamin, James left nearly $3MM on the table in order to help L.A. avoid the second tax apron. James, who opted out of his previous contract prior to free agency, signed his two-year pact over the weekend.

Rich Paul of Klutch Sports, James’agent, told McMenamin that James was willing to take even less money to open up the $12.9MM non-taxpayer mid-level exception for the Lakers to use to try to sign an “impact player.” The players that they hoped could be attainable for the mid-level or via sign-and-trade included Klay Thompson, James Harden, Jonas Valanciunas and DeMar DeRozan. The Lakers weren’t able to land any of them.

“It takes two to tango,” James said. “I think our front office, our coaching staff, they tried to do the job that they wanted to do or tried to get guys to come and it didn’t happen. And that’s OK. That’s part of the business. I’ve been in this business long enough to know that sometimes it happens, sometimes it don’t. So we don’t sit here and lie about or cry about it. We move on and Klay’s a great player. Obviously DeMar’s a great player. Valanciunas was one of those guys who ended up going to Washington, was someone that was in talks with us, but we move on to see how we continue to get better.”

Unless they make a trade down the road, Lakers are basically running it back with virtually the same roster. Yet, James isn’t discouraged.

“We’ve done it before and we still have two guys who commit every single day with myself and (Anthony Davis). We commit to excellence and commit to win,” he said. “And we feel like any situation, any given year, we can put ourselves in a position to be able to succeed. And we’re not that far off. We were one year removed from the Western Conference Finals. Obviously, this year it didn’t go as well this past year. Didn’t go as well as we would like, but we’re not that far off.”

Of course, James has another reason to feel good about the front office. The Lakers drafted son Bronny James in the second round, which touched off a wave of criticism that he was undeserving of being selected. However, LeBron says his son simply ignores the outside noise.

“I don’t know if people really understand Bronny,” he said. “He doesn’t care. I actually care a little bit. When I came in [as a rookie], I wanted people to like me and some of the things that people were saying about me kind of bothered me early on in my career. … He doesn’t give a (bleep). He does not care about nobody. He doesn’t even listen to that stuff. He’s like the coolest. He’s like the complete opposite of his dad.

12-Team Field Set For Paris Olympics

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

Brazil, Spain, Greece and Puerto Rico prevailed in their Olympic qualifying tournaments on Sunday. The 12-team field that will compete in the Paris Olympics has now been finalized.

The other eight teams had already secured spots in the 12-team tournament.

Bruno Caboclo scored 21 points as Brazil advanced with a 94-69 romp past Latvia. Lorenzo Brown had 18 points and Willy Hernangomez produced nine of his 15 points in the second half as Spain held off the Bahamas, 86-78.

Led by Giannis Antetokounmpo, Greece qualified for the Olympics for the first time since 2008. The Bucks superstar had 23 points and eight rebounds in 29 minutes as Greece eliminated Croatia, 80-69. Puerto Rico grabbed the last spot by dispatching Lithuania, 79-68. Jose Alvarado scored 23 points as Puerto Rico qualified for the first time since 20o4.

Here’s the group breakdown:

Group A

Australia
Canada
Spain
Greece

Group B

Germany
France
Japan
Brazil

Group C

United States
Serbia
South Sudan
Puerto Rico

Each team plays three games during the group stage (once vs. every group opponent), and the top-two finishers from each group — plus the two best third-place finishers — will qualify to the quarterfinals. The men’s tournament will begin on July 27.

Spurs Officially Sign Chris Paul

July 7th, 2024 at 4:21pm CST by Dana Gauruder

The Spurs have officially signed 11-time All-NBA guard Chris Paul, according to a team press release relayed by ESPN’s Andrew Lopez (Twitter link).

Paul’s intention to sign with San Antonio was made public a week ago. The contract will reportedly be a one-year deal worth more than $11MM.

Paul was waived by the Warriors at the start of free agency. The 12-time All-Star figures to be a natural, if short-term, pick-and-roll partner for Victor Wembanyama.

Paul came off the bench a majority of the season for Golden State but will likely start for the Spurs. San Antonio used a variety of players to initiate the offense in Wembanyama’s rookie season with Tre Jones getting a majority of the starts at that position. Still, given that the Spurs seemed reluctant to make Jones their starter and didn’t do so until January, it seems unlikely that he would get the nod in next year’s starting five over the veteran Paul.

San Antonio’s cap space gave it an advantage over some other potential suitors for Paul. Golden State had to make a decision prior to free agency whether to guarantee Paul’s $30MM salary for the 2024/25 season. The Warriors were unsuccessful in their attempts to include Paul’s contract in a blockbuster deal, including a potential swap with the Clippers for Paul George.

Paul, who turned 39 in May, remained productive in 2023/24, averaging 9.2 points, 6.8 assists, and 3.9 rebounds in 26.4 minutes per game in 58 appearances (18 starts) for the Warriors. He posted a shooting line of .441/.371/.827.