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Lakers’ D’Angelo Russell Exercising 2024/25 Player Option

June 29th, 2024 at 1:03am CST by Luke Adams

Lakers point guard D’Angelo Russell intends to exercise the player option on his contract for the 2024/25 season, he tells Jordan Richard of Swish Cultures (Twitter link). Shams Charania of The Athletic (Twitter link) confirms the news, as does ESPN’s Dave McMenamin (Twitter link).

“I love what (new Lakers head coach) J.J. (Redick) is about and I really see myself thriving under his guidance to help win at a high level,” Russell told McMenamin.

The move will guarantee Russell’s $18,692,307 salary for next season. Rather than becoming an unrestricted free agent this summer, the 28-year-old will postpone his free agency until 2025, remaining on the two-year, $36MM deal he signed with the Lakers last July.

Russell is coming off one of the best seasons of his NBA career. He averaged 18.0 points, 6.3 assists, and 3.1 rebounds in 32.7 minutes per game across 76 regular season outings (69 starts), posting a shooting line .456/.415/.828.

However, for a second straight spring, he struggled vs. Denver in the postseason. His 2024 playoff averages dipped to 14.2 PPG, 4.2 APG, and 2.8 RPG on .384/.318/.500 shooting. A year earlier, he shot just 32.3% (13.3% on threes) in the Western Conference finals vs. the Nuggets and was removed from the starting five.

Russell’s player option decision was considered one that could go either way, since opting out would’ve given him more control over his future. Opting in will lock in his ’24/25 salary, but it doesn’t necessarily ensure he’ll remain in Los Angeles, since he looks like a prime trade candidate for a Lakers team seeking roster upgrades.

Russell ($18.7MM), Rui Hachimura ($17MM), and Gabe Vincent ($11MM) have been viewed as a few possible outgoing salary-matching pieces in the event L.A. takes a swing on the trade market for another impact player to complement star forwards LeBron James and Anthony Davis. Of those three players, only Russell is on an expiring contract — Hachimura and Vincent each have guaranteed salaries for 2025/26.

The Lakers are expected to be “aggressive in pursuing Russell-centric trades,” team and league sources tell Jovan Buha of The Athletic. If Russell does remain with the Lakers, he’d be in position to reclaim his starting point guard role next season, but Buha says the team considers the Russell/Austin Reaves backcourt duo to have a “clear ceiling” and prefers to keep Reaves, who is younger, a better defender, and on a more team-friendly contract.

Klay Thompson, Mavericks Have “Strong Mutual Interest”

June 28th, 2024 at 9:05pm CST by Tristan Tucker

“Strong mutual interest” is expected between Klay Thompson and the Mavericks when free agency opens on Sunday night, NBA insider Marc Stein writes in his latest Substack post.

Reports have long indicated the lack of contact between Thompson and the Warriors, the team with which he’s won four rings and played since 2011. Now, Stein says he’s heard from multiple sources that the Mavs are likely to emerge as the favorites to sign the Splash Brother.

Having agreed to send Tim Hardaway Jr. to the Pistons, the Mavericks will have some additional financial flexibility and are expected to be able to make a competitive multiyear contract offer to the five-time All-Star, Stein writes. However, with no cap room available, Dallas would likely need Golden State’s cooperation for a sign-and-trade deal — it’s not “immediately clear” whether such a deal could be negotiated, Stein acknowledges.

It’s also not known whether the Mavs would be able to retain Derrick Jones Jr. if they were to land Thompson, Stein adds. Jones, who was an instrumental piece en route to the Mavs’ NBA Finals appearance, is poised to sign with Klutch Sports for representation as he prepares to enter free agency, per Michael Scotto of HoopsHype (Twitter link).

As has been reported, teams with cap space like Orlando and Philadelphia are expected to show interest in Thompson if he doesn’t return to the Warriors, but it’s believed that his preference is to remain in the Western Conference, according to Stein.

Raptors Exercise Bruce Brown’s 2024/25 Team Option

June 28th, 2024 at 3:01pm CST by Luke Adams

The Raptors are exercising their $23MM team option on Bruce Brown‘s contract for the 2024/25 season, sources tell ESPN’s Adrian Wojnarowski (Twitter link). According to Josh Lewenberg of TSN.ca (Twitter link), the club has officially confirmed the move.

There had been some speculation that Toronto would pick up that option on Brown as part of a trade agreement, and Wojnarowski refers to the swingman as a “valuable trade asset.” However, it doesn’t sound like any deal is in place at this point to send Brown to a new team.

After playing a crucial role off the bench for the Nuggets during their 2022/23 championship season, Brown drew significant interest as a free agent last summer and eventually signed a two-year, $45MM contract with the Pacers. Indiana sent him to Toronto in January as part of a trade package for Pascal Siakam.

In 67 total appearances (44 starts) for the Pacers and Raptors, Brown averaged 10.8 points, 4.2 rebounds, and 2.9 assists in 27.9 minutes per game, posting a shooting line of .478/.323/.824. The 6’4″ wing is considered a solid, versatile perimeter defender who is a good fit next to more ball-dominant players on offense.

Exercising Brown’s $23MM option and taking on salary in their now-official trade with the Kings puts the Raptors on track to operate as an over-the-cap team this offseason. They’ll have a decision to make on another wing Gary Trent Jr., who will be an unrestricted free agent. Re-signing Trent would likely prevent Toronto from using the non-taxpayer mid-level exception while remaining out of tax territory, as Blake Murphy of Sportsnet.ca tweets.

Whether Brown plays out the season in Toronto or is dealt to a new team, he’ll return to unrestricted free agency in 2025, since he won’t become extension-eligible before his current deal expires.

Kings Trade Davion Mitchell, Sasha Vezenkov To Raptors

June 28th, 2024 at 2:36pm CST by Luke Adams

JUNE 28: The trade is official, the Raptors announced in a press release, confirming the details outlined below. Toronto used the No. 45 pick to select Houston Cougars guard Jamal Shead on Thursday.

“This trade provides us with a mix of young and veteran players, as well as future flexibility and draft assets, as we continue our quest to win, and so we’re pleased to welcome Davion, Sasha and Jamal to the Raptors and to Toronto,” Raptors general manager Bobby Webster said in a statement. “We thank Jalen for his contributions, and we wish him all the best in the future.”

Because the trade was completed before the new league year began, Toronto completed it using salary-matching and the Siakam trade exception (as explained below) rather than using cap room, which is a signal that they intend to operate over the cap this offseason.

JUNE 27: The Kings have agreed to trade guard Davion Mitchell and forward Sasha Vezenkov to the Raptors, reports Adrian Wojnarowski of ESPN (Twitter link). Toronto is also receiving the No. 45 pick in tonight’s draft, per Wojnarowski (Twitter link), as well as Portland’s 2025 second-round pick, according to Sean Cunningham of FOX 40 Sacramento (Twitter link).

Sacramento will acquire forward Jalen McDaniels from Toronto in the swap, Wojnarowski adds (via Twitter).

The ninth overall pick in the 2021 draft, Mitchell averaged 11.5 points per game as a rookie but is primarily known as a defensive specialist. In 2023/24, he averaged 5.3 points and 1.9 assists in 15.3 minutes per game across 72 appearances for the Kings, almost exclusively in a reserve role.

Keon Ellis‘ emergence last season and the arrival of No. 13 pick Devin Carter created a crowded backcourt picture in Sacramento and it appears Mitchell will be the odd man out.

Vezenkov, the 2022/23 EuroLeague MVP, was selected 57th overall in the 2017 draft but didn’t make the move to the NBA until last summer, when he signed a three-year, $20MM contract with the Kings. It was an up-and-down NBA rookie year for the 28-year-old, who converted 37.5% of his three-point tries but averaged just 12.2 minutes per game in 42 contests, contributing 5.4 PPG and 2.3 RPG.

A series of June reports suggested that a trade involving Vezenkov was a possibility for the Kings, who projected to be up against the luxury tax after agreeing to re-sign Malik Monk to a four-year, $78MM contract. As cap expert Yossi Gozlan tweets, swapping out Vezenkov’s $6.66MM salary and Mitchell’s $6.45MM cap hit for McDaniels’ incoming $4.74MM salary will give Sacramento about $7MM in spending flexibility below the tax heading into free agency.

The move will also open up a spot on the Kings’ 15-man roster and should generate a pair of trade exceptions for Sacramento, including one worth Vezenkov’s salary ($6.66MM).

McDaniels had a poor season in Toronto in 2023/24, averaging just 3.4 PPG on .344/.169/.730 shooting in 50 games (10.8 MPG). But the athletic 6’9″ wing is only one year removed from scoring a career-high 9.4 PPG, and he had a career shooting line of .465/.345/.784 prior to last season.

As for the Raptors, they’ll take on some extra salary for 2024/25 but neither Mitchell nor Vezenkov is owed guaranteed money beyond next season, and both players could vie for rotation minutes if they remain on the roster. Mitchell is extension-eligible this offseason before potentially reaching restricted free agency in 2025, while Vezenkov’s deal includes a $6.98MM team option for 2025/26.

Toronto now controls the No. 31 and No. 45 picks on Thursday after selecting Baylor’s Ja’Kobe Walter at No. 19 on Wednesday.

The Raptors have multiple options for how to complete the deal. If they intend to operate over the cap, they could use McDaniels’ outgoing salary to match Vezenkov’s incoming figure, then take Mitchell’s salary into a $10MM+ trade exception they created in January’s Pascal Siakam deal. If they plan to operate under the cap, they’ll simply absorb the two incoming salaries using their room. Taking the former route would hard-cap them at the first tax apron for 2024/25.

Pacers’ Jalen Smith To Decline Option, Become Free Agent

June 28th, 2024 at 1:22pm CST by Luke Adams

Pacers big man Jalen Smith has decided not to pick up his player option for the 2024/25 season, according to Michael Scotto of HoopsHype (Twitter link). Declining that $5.42MM option will make Smith an unrestricted free agent on Sunday.

Smith, one of Myles Turner‘s backups at center, was among the beneficiaries of the Pacers’ high-flying offense led by Tyrese Haliburton, setting new career highs in points per game (9.9), field-goal percentage (59.2%), and three-point percentage (42.4%) in 2023/24. He also contributed 5.5 rebounds per game in his part-time role (17.2 MPG).

Teams with interest in Smith may be wary of his leap in efficiency – he was a 48.5% career shooter, including 29.7% on three-pointers prior to ’23/24 – but he’s a versatile forward/center who is still just 24 years old and should get a long look from teams in need of frontcourt depth.

A new agreement with Indiana remains a possibility, since the team will hold his Bird rights and can go over the cap to re-sign him. However, Indiana has already committed to Pascal Siakam on a four-year, maximum-salary contract and will have to deal with Obi Toppin‘s restricted free agency as well.

With the luxury tax line to consider and Isaiah Jackson a candidate to take on a larger role at the five, the Pacers will likely be cautious about how high they go to retain Smith, who came in at No. 42 on our list of this year’s top 50 free agents.

James Borrego Pulls Out Of Pistons’ Coaching Search

June 28th, 2024 at 1:10pm CST by Luke Adams

Pelicans associate head coach James Borrego has removed his name from consideration for the Pistons‘ head coaching vacancy, league sources tell Chris Haynes of Bleacher Report (via Twitter). Justin Napoli of Boot Krewe Media first tweeted on Thursday that he was hearing Borrego would remain in New Orleans.

Borrego, who also received serious consideration for the Lakers’ and Cavaliers’ head coaching jobs this offseason, was immediately identified as a candidate for Detroit following the dismissal of Monty Williams last week.

The veteran assistant, who served as the head coach of the Hornets from 2018-22, has spent the last two seasons on Willie Green‘s staff in New Orleans, overlapping with new Pistons president of basketball operations and former Pelicans general manager Trajan Langdon.

One recent report from Marc Stein indicated that the Lakers would also have interest in Borrego as an assistant if he didn’t get a head coaching job, though Stein stressed that the Pelicans would be determined to hang onto him in that scenario.

With Borrego off the table, Timberwolves assistant Micah Nori, Mavericks assistant Sean Sweeney, and former Cavs head coach J.B. Bickerstaff are among the candidates to watch for the Pistons. All three have had interviews with the team, per James L. Edwards III of The Athletic.

Cavaliers Officially Hire Kenny Atkinson As Head Coach

June 28th, 2024 at 12:33pm CST by Arthur Hill

JUNE 28: The Cavaliers have officially announced the hiring of Atkinson, with president of basketball operations Koby Altman referring to it as the culmination of a “thorough and extensive search.”

“Kenny brings a wealth of experience, a proven track record of player development, and a relentless work ethic that aligns with the vision we have for this franchise,” Altman said in a statement. “His innovative approach will instill a style of play and brand of basketball that will give us a chance for sustainable success and ultimately compete for Championships. His familiarity coaching alongside some of the NBA’s best elevates this partnership and we are excited that Kenny will guide our team and help us achieve our goals both on and off the court.”

JUNE 26: The Cavaliers and Atkinson have agreed to a five-year contract, reports Wojnarowski (via Twitter).

JUNE 24: The Cavaliers will hire Warriors assistant Kenny Atkinson as their next head coach, sources tell Adrian Wojnarowski of ESPN. The two sides are working on a contract and an agreement is expected soon, Wojnarowski adds.

Atkinson and Pelicans associate head coach James Borrego were the finalists for the position, according to Wojnarowski, who hears that Cleveland prioritized Atkinson because of the potential influence his player development program could have on Evan Mobley. Atkinson also has a prior relationship with Jarrett Allen and Caris LeVert after coaching them in Brooklyn.

Atkinson’s only previous head coaching experience came with the Nets, where he compiled a 118-190 record while overseeing a rebuilding project. He resigned after the 2019/20 season, then spent a year with the Clippers before becoming Steve Kerr’s top assistant with Golden State in 2021. Wojnarowski notes that Atkinson briefly accepted a head coaching job with the Hornets two years ago before changing his mind and staying with the Warriors.

The Cavaliers conducted an extensive search after firing J.B. Bickerstaff last month, as our coaching search tracker shows. Nuggets assistant David Adelman, Knicks assistant Johnnie Bryant, Timberwolves assistant Micah Nori and Heat assistant Chris Quinn all reportedly interviewed for the job, while Mavericks assistant Alex Jensen, Bucks assistant Dave Joerger and former Trail Blazers head coach Terry Stotts also reportedly received consideration.

Atkinson will take over a Cavs team that has improved significantly over the past two seasons, but didn’t achieve enough in the playoffs to save Bickerstaff’s job. Among the issues Atkinson will have to address is how to get the most out of similar players in Mobley and Allen in the frontcourt and Donovan Mitchell and Darius Garland in the backcourt, assuming Cleveland keeps the core of its roster intact.

Negotiating a long-term extension with Mitchell will be the team’s next priority, Wojnarowski adds. The All-Star guard has a player option on his $37MM contract for 2025/26.

Borrego remains a “prominent candidate” for the Pistons, who now have the only open head coaching job in the league, Wojnarowski tweets. After joining the staff in New Orleans last summer, Borrego worked closely with Trajan Langdon, who recently took over as head of basketball operations in Detroit.

Atkinson’s departure is a significant loss for the Warriors, notes Anthony Slater of the Athletic (Twitter link), who hears that the team will consider adding two new assistants this offseason.

Warriors, Paul Agree To Push Guarantee Date Back To Sunday

June 28th, 2024 at 12:20pm CST by Luke Adams

The Warriors and Chris Paul have agreed to push back his salary guarantee deadline from Friday to Sunday, according to ESPN’s Adrian Wojnarowski (Twitter link).

Paul’s $30MM salary for 2024/25 will now become fully guaranteed if he remains under contract through June 30 rather than June 28. The move will give Golden State a couple more days to continue exploring trades involving Paul’s expiring contract.

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.

While those are solid numbers for a backup point guard, they don’t warrant a $30MM investment. Still, rather than simply waiving the 12-time All-Star, the Warriors have been scouring the trade market to see if they can use his expiring salary to accommodate a trade.

The NBA’s salary-matching rules only count the guaranteed portion of a player’s cap hit for outgoing purposes in a trade (his incoming value for a trade partner would be his full $30MM), so in order to use CP3 as a trade chip, Golden State will have to partially or fully guaranteed the contract. That scenario would benefit Paul, who wouldn’t make any of that $30MM otherwise if he’s waived, so he has some incentive to lend the Warriors a hand by giving them more time to find a deal.

Paul George is one possible trade candidate who has been linked to the Warriors this week, with Marc Stein reporting on Substack that Golden State has been “prioritizing the pursuit of George above all other business.” The Clippers forward would have to pick up his 2024/25 player option and request a trade for that to be a feasible possibility.

What happens with Paul could have an impact on the Warriors’ negotiations with Klay Thompson. The team will be hard-capped at the second tax apron in 2024/25 after agreeing to send out cash in a trade on Thursday, so there may not be room under that apron to acquire another player with a significant salary and then re-sign Thompson.

Suns’ Josh Okogie To Decline Player Option

June 28th, 2024 at 11:06am CST by Arthur Hill

Suns guard Josh Okogie will turn down his $2.95MM player option for next season and test free agency, sources tell Michael Scotto of HoopsHype (Twitter link).

Okogie, 25, came to Phoenix as a free agent in 2022 and re-signed with the team last summer on a two-year deal that included the option. The Suns used him mainly in a backup role, as he averaged 4.6 points, 2.6 rebounds and 1.1 assists in 60 games this season while playing 16 minutes per night.

A recent report indicated that Phoenix was hoping Okogie would exercise the option to help with roster stability. Only seven members of this year’s 15-man roster are currently under contract for 2024/25.

The Suns still want to re-sign the veteran wing, according to Gerald Bourguet of PHNX Sports, who suggests (via Twitter) the team has interest in a deal a little above the veteran’s minimum. Phoenix holds Okogie’s Early Bird rights.

Okogie was selected by Minnesota with the 20th pick in the 2018 draft. He spent four years with the Wolves before accepting an offer in Phoenix.

Okogie joins Suns teammates Eric Gordon and Drew Eubanks in declining their options for next season. The team is still awaiting a decision from Damion Lee, who must determine whether to pick up his $2.8MM option by Saturday.

Hawks Trade AJ Griffin To Rockets In Three-Team Deal

June 27th, 2024 at 6:42pm CST by Luke Adams

6:42pm: The trade is now officially complete, according to press releases from the Hawks and Rockets. Because Atlanta ended up trading the No. 44 pick (Pelle Larsson) and cash to Miami in exchange for No. 43 pick Nikola Djurisic, that trade agreement between the Heat and Hawks has been folded into this one, making it a three-team deal.

1:14pm: The Hawks and Rockets have agreed to a trade that will send forward AJ Griffin to Houston in exchange for the No. 44 pick in Thursday’s draft, reports Adrian Wojnarowski of ESPN (Twitter link).

Griffin, the 16th overall pick in the 2022 draft, had a promising rookie season in which he averaged 8.9 points per game with a .465/.390/.894 shooting line in 72 contests (19.5 MPG).

However, he missed time due to leg and ankle issues and personal reasons in 2023/24 and didn’t play much when he was available, averaging just 8.6 minutes per contest in 20 appearances. His scoring numbers cratered to 2.4 PPG on 29.0% shooting (.256 3PT%).

Despite his forgettable sophomore season, Griffin had been a player of interest in Houston for a while, according to Kelly Iko of The Athletic (Twitter link).

The Rockets, who will be operating over the cap but have plenty of breathing room below the luxury tax line, will be able to acquire the 20-year-old without sending out a player because they have a $4.5MM trade exception from last year’s Kevin Porter trade that Griffin will fit into, as Bobby Marks of ESPN tweets. Using a trade exception created last year will hard-cap Houston at the first tax apron for 2024/25.

Griffin will earn a guaranteed $3.89MM salary for next season and the Rockets will have until the end of October to decide whether or not they want to exercise his $5.97MM team option for the ’25/26 season.

The Hawks have been exploring possible deals involving Griffin since February’s trade deadline, per Jake Fischer of Yahoo Sports (Twitter link). The move will help them out a bit financially — as Marks tweets, Atlanta’s projected team salary is now right at the luxury tax line, though it would increase to first tax apron territory in the event that Saddiq Bey gets a qualifying offer.

The Hawks, whose own second-round pick at No. 40 is controlled by Portland, will now have the opportunity to select a player in a similar range at No. 44 tonight.