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Warriors Confirm Thompson Is Leaving, Pledge To Retire His Jersey

July 1st, 2024 at 8:30pm CST by Dana Gauruder

The Warriors organization acknowledged in a press release on Monday that longtime shooting guard Klay Thompson will not return while promising to retire his jersey.

Thompson is headed to the Mavericks in a three-team sign-and-trade deal that will also include the Hornets.

Golden State’s statement reads, in part:

“We can’t overstate Klay Thompson’s incredible and legendary contributions with the Warriors during his 13 years with the team, highlighted by four NBA championships, six trips to the NBA Finals, five NBA All-Star Game appearances and several NBA records, including the most points ever scored in a quarter in NBA history (37) and the most 3-point field goals in a game (14). … Klay’s legacy will live on forever and we look forward to the day we can retire his #11 jersey at Chase Center, where he will join a host of Warriors immortals, including those who helped shape this recent dynasty—himself included.

“We thank Klay for his contributions and wish him the best as another chapter in his journey is written.”

The statement can be somewhat construed as an olive branch after extension talks fizzled and the relationship between the team and the five-time All-Star reportedly grew strained. That led to Saturday’s news that he intended to leave the Warriors for a new team.

Mavericks To Acquire Klay Thompson In Three-Team Sign-And-Trade

July 1st, 2024 at 6:49pm CST by Luke Adams

6:49pm: The Warriors will receive a pair of second-round picks from Dallas to complete the Thompson sign-and-trade, according to reports from Shams Charania of The Athletic and Wojnarowski (Twitter links).

One of those picks will be the Mavs’ own 2031 second-rounder, Woj adds (via Twitter). The other will be the least favorable of the Sixers’ and Nuggets’ 2025 second-rounders, tweets Anthony Slater of The Athletic. That 2025 pick belonged to the Hornets, so it appears one of the second-rounders Charlotte is sending to Dallas is immediately being rerouted to Golden State.

Combining all of today’s reporting, it sounds like the trade will break down as follows:

Mavericks to acquire Thompson (via sign-and-trade) and a future second-round pick (from Hornets).
Hornets to acquire Green (into cap room).
Warriors to acquire either the Nuggets’ or Sixers’ 2025 second-round pick (whichever is least favorable; from Hornets) and the Mavericks’ 2031 second-round pick, in addition to generating a trade exception worth about $16MM.

1:34pm: After spending his first 13 NBA seasons with the Warriors, Klay Thompson is reportedly headed to Dallas. Thompson intends to sign a three-year, $50MM contract with the Mavericks, according to Adrian Wojnarowski of ESPN (Twitter links).

As Wojnarowski outlines, the plan is for the Mavs to acquire Thompson from Golden State in a three-team sign-and-trade, with swingman Josh Green heading from Dallas to the Hornets in the deal.

The Warriors and Mavericks are still working through the sign-and-trade details, according to reports from Chris Haynes of Bleacher Report and Anthony Slater of The Athletic (Twitter links), who both say that the deal isn’t considered done from Golden State’s perspective.

Jake Fischer of Yahoo Sports tweets that there’s a framework in place for a deal sending Green to Charlotte, while Rod Boone of The Charlotte Observer (Twitter link) also hears that the Hornets are in agreement on their part of the deal.

As Marc Stein tweets, it sounds like Thompson, the Mavs, and the Hornets are all on board, with just the Warriors left to sign off. Golden State doesn’t want to take back salary in the transaction, Stein adds.

Wojnarowski reports (via Twitter) that the Hornets will be sending Dallas a pair of second-round picks for Green and that one of those second-rounders may be rerouted to Golden State.

The 11th pick of the 2011 draft, Thompson is one of the most accomplished shooters in league history, ranking sixth all-time in three-pointers made. The 34-year-old, who has knocked down 41.3% of his attempts from long distance over the course of his career, made five All-Star teams and won four championships with the Warriors.

While Thompson has remained an extremely productive rotation player, averaging 17.9 points per game with a .387 3PT% in 77 games (29.7 MPG) this past season, he has lost a step since suffering a torn ACL in 2019 and a torn Achilles in 2020. He was removed from the starting lineup in Golden State this season and his relationship with the franchise appeared to fray leading up to the expiration of his contract, resulting in Saturday’s news that he intended to leave the Warriors for a new team.

Thompson reportedly intended to talk to the Lakers, Clippers, and Sixers in addition to the Mavs when free agency opened on Sunday, with the Magic among the other teams said to have interest in the veteran sharpshooter. According to Wojnarowski (Twitter link), Thompson had four-years offers worth more overall money available, but the opportunity to win another championship and the difference in state taxes were among the factors that made him choose Dallas.

Thompson will give the Mavs another shooter on the wing alongside star guards Luka Doncic and Kyrie Irving. So far this offseason, the team has essentially swapped out three wings – Tim Hardaway, Derrick Jones, and now Green – for three new ones: Thompson, Naji Marshall, and Quentin Grimes.

Assuming the deal is completed as reported, the Mavs’ team salary will be a few million above the tax line and about $3MM below the first apron, which will be their hard cap, per cap experts Bobby Marks of ESPN and Yossi Gozlan (Twitter links).

The Hornets were interested in Green back at the trade deadline when they worked out a separate deal with Dallas involving P.J. Washington, notes Fischer (via Twitter). They’ll get their man now and – based on the details reported so far – figure to operate as an under-the-cap team in order to take the incoming salaries of both Green and Reggie Jackson, whom they’re acquiring in a trade with Denver.

The Warriors, meanwhile, will be in position to create a trade exception worth Thompson’s new salary if they don’t take back any contracts in the deal. With Thompson and Chris Paul off their books for 2024/25, the Dubs have some newfound financial flexibility and appear poised to use their full mid-level exception to sign free agent guard De’Anthony Melton.

Magic Re-Sign Goga Bitadze On Three-Year Deal

July 1st, 2024 at 5:10pm CST by Dana Gauruder

JULY 6: The Magic have officially re-signed Bitadze, the team announced today in a press release.

JULY 1: The Magic have reached a three-year agreement with one of their own free agents, center Goga Bitadze, ESPN’s Adrian Wojnarowski tweets. The contract will be worth $25MM.

Orlando signed Bitadze midway through the 2022/23 season after the Pacers waived the former first-round selection. The Magic then exercised their $2.07MM team option on him last summer.

Bitadze started 33 games last season, appearing in 62, and averaged 5.0 points, 4.6 rebounds, 1.3 assists and 1.2 blocks per contest.

Bitadze has a minimum cap hold that will put the Magic in position to go over the cap to re-sign him with his Early Bird rights, cap expert Yossi Gozlan tweets. That would allow the Magic to preserve their remaining $27MM in cap space and still have the $8MM room exception at their disposal.

The Knicks were viewed as a possible suitor for Bitadze, but reporting earlier today indicated that the Magic were prepared to offer more for him that New York could realistically put on the table.

Bitadze figures to once again back up Wendell Carter Jr. Orlando declined its team option on Moritz Wagner but could still work out another contract with the 27-year-old big man.

Cavs President Believes Mitchell Will Sign Extension

July 1st, 2024 at 4:18pm CST by Dana Gauruder

Cavaliers president of basketball operations Koby Altman expressed optimism that the club will reach an extension agreement with star guard Donovan Mitchell this offseason, Chris Fedor of the Cleveland Plain Dealer reports.

Altman and new head coach Kenny Atkinson visited Mitchell this past weekend in Los Angeles when the guard hosted a summer camp.

“We feel good about Donovan,” Altman said. “He’s in a great space mentally. He’s healthy. He was out there with those young high school players, hooping in a really good space. Really enjoyed the fact that him and Kenny could sit down and talk about the future, talk about the team. He is still under contract right now, so I think we can talk about him as a Cavalier. He’s invested. He’s really invested in what we’re doing, and hopefully soon we’ll have more of a decisive answer on [a contract extension] for you. But he’s been great. He’s been super involved and super collaborative and very, very much pro-Cleveland.”

Mitchell is eligible to sign a four-year, $200MM+ extension as early as Saturday (July 6), when the league’s moratorium ends. A new deal would see the see the 27-year-old decline his $37.1MM player option for 2025/26. He’ll make $35.41MM in ’24/25.

Mitchell’s involvement with the franchise this offseason included his input during the Cavs’ coaching search. He had a conversation with Atkinson and at least one other candidate during the search, according to Fedor. Mitchell endorsed the hiring of the former Warriors assistant.

Atkinson said they connected on a personal level. That’s a key, since Mitchell reportedly was unhappy with former coach J.B. Bickerstaff last season over a number of issues.

“We had a great sitdown,” Atkinson said. “We also have a little bit of East Coast, similar backgrounds. We didn’t grow up far from each other really, if you think about it.”

If Mitchell decides not to sign an extension, Cleveland would look into potential trades, Fedor writes. However, he says all the momentum is headed in the other direction.

Warriors Sign De’Anthony Melton To One-Year Contract

July 1st, 2024 at 2:04pm CST by Rory Maher

JULY 8: Melton has officially signed his contract with the Warriors, the club confirmed today in a press release (Twitter link).

JULY 1: The Warriors are signing free agent guard De’Anthony Melton to a one-year, $12.8MM contract, sources tell Shams Charania of The Athletic and Stadium (Twitter link).

As cap expert Yossi Gozlan observes (via Twitter), Golden State can complete the deal by using either the non-taxpayer mid-level exception or via sign-and-trade. Either scenario will hard-cap the Warriors at the first apron, which is set at $178.1MM in 2024/25.

$12,822,000 is the full value of the non-taxpayer MLE for next season.

According to Anthony Slater of The Athletic (Twitter link), the Warriors have long been fans of Melton and believed he wasn’t optimally utilized when they faced Memphis in the playoffs a couple years ago.

A 6’2″ combo guard with a 6’8″ wingspan, Melton earned $8MM last season in the final campaign of a four-year, $35MM contract that declined over time. He’ll earn a raise next season with Golden State and an opportunity to boost his value ahead of 2025 free agency if he performs well with the Warriors.

Melton has been a valuable role player over the past four seasons, averaging 10.3 PPG, 3.9 RPG, 2.7 APG and 1.5 SPG while shooting 38.3% from three-point range in 240 regular season games over that span (24.5 MPG). The primary reason the 26-year-old only received a one-year deal is he was limited to just 38 games last season with the Sixers due to a back injury, making the signing somewhat risky for Golden State.

Still, if Melton is healthy, he could provide an infusion of youth, defense and athleticism to the Warriors. And his salary is large enough that even though they’ll only have his non-Bird rights a year from now, they could still make him a competitive offer in 2025 free agency, assuming things go well for both sides.

The 46th pick of the 2018 draft, Melton has played for Phoenix, Memphis and Philadelphia over the course of his six NBA seasons.

Clippers Sign Nicolas Batum To Two-Year Deal

July 1st, 2024 at 1:42pm CST by Rory Maher

JULY 9: Batum’s new deal with the Clippers has been finalized, per the NBA’s official transaction log. In case you missed it, the veteran forward said he received interest from 17 teams as a free agent.

JULY 1: Free agent forward Nicolas Batum is returning to Los Angeles, having agreed to a two-year, $9.6MM contract with the Clippers, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Veteran reporter Marc Stein first reported (via Twitter) that the Clips were a “strong contender” to land the 35-year-old, who also drew interest from the Spurs and Warriors, according to Jake Fischer of Yahoo Sports (Twitter links).

Based on the reported terms, it seems very likely that L.A. will use the bi-annual exception to sign Batum. If that’s the case, the exact value of the two-year pact will be $9,569,400.

Batum has long been a highly versatile player who can fulfill multiple roles on both ends of the court. He has a great feel for the game and is a very smart ball-mover and passer, on top of being a strong three-point shooter — he has converted 39.8% of his long-distance looks over the past four seasons.

After an ill-fated yet highly lucrative stint with Charlotte from 2015-20, Batum had a career renaissance with the Clippers from ’20-23. He spent most of last season with Philadelphia, however, after he was traded to the Sixers in the James Harden deal. Kelly Iko of The Athletic reported yesterday that Batum would not be returning to Philly.

The 25th pick of the 2008 draft, Batum spent his first seven NBA seasons in Portland. The 16-year veteran will be playing for his native France in the Paris Olympics later this month.

Celtics’ Ownership Group To Put Team Up For Sale

July 1st, 2024 at 12:37pm CST by Rory Maher

12:37pm: The Celtics confirmed in a press release that the majority ownership group plans to sell of its shares in the team (Twitter link via Chris Forsberg of NBC Sports Boston).

“The controlling family of the ownership group, after considerable thought and internal discussion, has decided to sell the team for estate and family planning considerations. The managing board of the ownership group expects to sell a majority interest in 2024 or early 2025, with the balance closing in 2028, and expects Wyc Grousbeck to remain as the Governor of the team until the second closing in 2028.”

12:13pm: On the heels of their record-setting 18th NBA championship, the Celtics will be hitting the market, according to ESPN’s Adrian Wojnarowski of ESPN (Twitter link). Sources tell Wojnarowski that the team’s majority ownership group, led by Wyc Grousbeck, intends to make the franchise available for sale.

Grousbeck has been the team’s Governor since his Boston Basketball Partners group purchased the Celtics for $360MM back in 2002. Boston has won two NBA titles under his stewardship, in 2008 and just a few weeks ago.

A source tells Adam Himmelsbach of The Boston Globe that while Grousbeck is selling his stake in the Celtics, other minority shareholders are expected to remain invested in the team (Twitter link).

As ESPN’s Bobby Marks tweets, the Celtics could be the most expensive team in NBA history in 2025/26, when a potential super-max extension for Jayson Tatum kicks in. Grousbeck will be looking to sell his stake just as severe roster-building restrictions are implemented in the new CBA.

As of December, Sportico had the Celtics ranked as the fourth-most valuable franchise in the NBA, with a valuation of $5.12 billion. That figure seems likely to have risen in the past eight months, given the team’s on-court success.

Grousbeck, 63, is a Massachusetts native who has built his wealth through various investments over the past few decades. His father, Irving, is a billionaire who co-founded Continental Cablevision.

Tobias Harris Signs Two-Year Deal With Pistons

July 1st, 2024 at 9:21am CST by Arthur Hill

JULY 8: Harris has officially signed his contract with the Pistons, per the NBA’s transaction log.

JULY 1: The Pistons have reached a two-year, $52MM agreement with free agent forward Tobias Harris, sources tell ESPN’s Adrian Wojnarowski (Twitter link). There are no options on either side, according to James L. Edwards III of The Athletic (Twitter link).

Harris, 31, ranked 16th on our list of the top 50 free agents this summer. He can play either forward spot and will bring much-needed shooting to Detroit, along with a veteran presence for a young locker room.

Harris was a reliable scorer and valuable all-around player during his five-plus years in Philadelphia. He averaged 17.2 points, 6.5 rebounds and 3.1 assists this season with a shooting line of .487/.353/.878.

The move marks a return to Detroit for Harris, who played for the Pistons from February of 2016 to January of 2018. He was well-traveled before landing with the Sixers, being drafted by the Charlotte Bobcats in 2011 and spending time with four other franchises in his first eight years in the league.

This is the first signing for a Detroit team that headed into free agency with more than $58MM in cap room, and it’s the first major roster addition under new head of basketball operations Trajan Langdon.

The Pistons project to have roughly $26.5MM remaining, estimates Yossi Gozlan of HoopsHype (via Twitter), factoring in a cap hold for Simone Fontecchio. They hold Early Bird rights on the 28-year-old small forward and can offer him a new deal worth up to $58MM over four years.

Langdon appeared on the verge of making another significant move on Sunday night, as the Pistons reportedly neared a max extension with Cade Cunningham, the top pick in the 2021 draft.

Jalen Smith Signs Three-Year Contract With Bulls

July 1st, 2024 at 8:31am CST by Arthur Hill

JULY 8: The signing is official, according to a team press release.

JULY 1: Free agent center Jalen Smith will join the Bulls on a three-year, $27MM contract, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Smith became an unrestricted free agent on Friday by declining his $5.42MM player option for next season. The 24-year-old, who ranked 44th on our list of the top 50 free agents, winds up with a nice raise and a longer deal in Chicago.

Smith is expected to be the Bulls‘ new backup center after Andre Drummond agreed to terms with Philadelphia on Sunday night. With no available cap space, Chicago will likely sign Smith with a portion of its $12.8MM non-taxpayer mid-level exception. Whether they use the MLE or acquire him via sign-and-trade, the Bulls will be hard-capped at the first tax apron of $178,132,000.

After being selected by Phoenix with the 10th pick in the 2020 draft, Smith was sent to Indiana at the 2022 trade deadline. He became a valuable backup in two-and-a-half years with the Pacers and played rotation minutes as the team reached the Eastern Conference Finals.

He averaged 9.9 points, 5.5 rebounds and 1.0 assists in 61 games this season while shooting 59.2% from the floor and 42.4% from three-point range.

The addition of Smith is one of several recent moves the Bulls have made to create a younger, more athletic roster and become less reliant on veterans. They traded for Josh Giddey last week and agreed to terms on a new five-year deal with free agent Patrick Williams over the weekend.

Aaron Wiggins Signs Five-Year Deal With Thunder

July 1st, 2024 at 8:21am CST by Arthur Hill

JULY 7: Wiggins has officially signed the contract, Joel Lorenzi of Oklahoma Sports tweets.

JULY 1: Aaron Wiggins will return to the Thunder on a five-year, $47MM contract, sources tell Shams Charania of The Athletic (Twitter link).

The 25-year-old shooting guard became a restricted free agent on Saturday after Oklahoma City declined his $1.989MM option for next season and tendered him a qualifying offer.

That move was a prelude to a long-term deal. Wiggins has become a valuable rotation member during his three years with the team, and the Thunder wanted to lock him down for the future.

The No. 39 player on our list of this summer’s top 50 free agents, Wiggins appeared in 78 games last season, making four starts and averaging 6.9 points, 2.4 rebounds and 1.1 assists in 15.7 minutes per night. He also posted .562/.492/.789 shooting splits as OKC tied for the best record in the West at 57-25.

Wiggins was selected with the 55th pick in the 2021 draft after three seasons at Maryland. He turned out to be a bargain on his original four-year, $6.4MM deal, so the team decided to reward him and make sure he’s part of what appears to be a very bright future in Oklahoma City.

Oklahoma City also agreed to re-sign Isaiah Joe to a long-term deal after declining his option on Saturday. The Thunder will be able to keep both Wiggins’ and Joe’s modest cap holds on their books while using up their cap room, then go over the cap to re-sign them.