Newsstand Rumors | Hoops Rumors

Jimmy Butler To Stay With Heat, Won’t Sign Offseason Extension

June 26th, 2024 at 8:46pm CST by Alex Kirschenbaum

Star Heat swingman Jimmy Butler is set to remain with Miami for the 2024/25 season, according to Shams Charania of The Athletic.

The six-time All-Star and five-time All-NBA honoree, who has a player option for 2025/26, will not complete a contract extension with the Heat or agitate for a trade prior to the 2025 offseason, sources inform Charania, who says Butler “has an affinity” for Miami and wants to remain with the organization.

While Miami could still unilaterally decide to trade Butler, there’s no indication they want to do so, Charania adds, especially since he’s reportedly unwilling to sign an extension with any team, which would limit his value on the trade market.

There had been speculation this spring that Butler may seek a change of scenery due to the fact that he was reportedly seeking a two-year, maximum-salary extension and Heat president Pat Riley publicly expressed reluctance to put that deal on the table for the 34-year-old, who has battled injuries in recent years.

ESPN’s Brian Windhorst (YouTube video link) stated earlier today during an appearance on The Pat McAfee Show that Butler had informed rival clubs of his preference to stick with the Heat, even without a new deal in place.

“Even if there’s no extension, he’s going to focus on next season. He’s got a player option in the summer of 2025 next year that he can use,” Windhorst reported on The Pat McAfee Show. “I think Jimmy Butler wants to be in Miami. There’s teams that have definitely said ‘Hey, are you looking to get out?’ And I think he said, ‘I’m solid in Miami.’ I think that’s been communicated with the Heat. We’ll see what happens next summer.”

The 6’7″ swingman submitted another impressive season when he was available. Across 60 healthy contests, Butler averaged 20.8 points (on .499/.414/.858 shooting), 5.3 rebounds, and 5.0 assists per game for the 46-36 Heat in 2023/24. However, he was unavailable for the team’s first-round series loss to Boston due to an MCL sprain.

Since joining Miami in a sign-and-trade during the summer of 2019, the Marquette alum has led the team to two Finals appearances, plus three Eastern Conference Finals berths.

According to Ira Winderman of The South Florida Sun Sentinel (Twitter link), Butler and the Heat could revisit extension talks at some point in the 2024/25 season.

Rockets Draft Reed Sheppard With No. 3 Pick

June 26th, 2024 at 7:24pm CST by Luke Adams

Kentucky’s Reed Sheppard is the first college player to come off the board in the 2024 NBA draft, heading to the Rockets with the third overall pick.

Sheppard wasn’t even a starter in his lone college season at Kentucky, but he averaged 28.9 minutes per game as the Wildcats’ sixth man and impressed NBA evaluators with his shooting, play-making, and good hands on defense.

In 33 games, Sheppard averaged 12.5 points, 4.5 assists, 4.1 rebounds, and 2.5 steals per contest while making 53.6% of his field goals, including 52.1% of his three-point tries. He also shot 83.1% from the free throw line.

There had been rumors in the days and weeks leading up to the draft that Houston was very open to trading the third overall pick, either in a package for an impact player or as part of a deal that would provide them with additional future draft assets.

But no trade materialized with the Rockets on the clock, and Sheppard has been the player long viewed as their likely target if they were to keep the pick. According to Jake Fischer of Yahoo Sports (Twitter link), they intend to hang onto Sheppard, who will add shooting to a talented young Houston core headed by Alperen Sengun, Jalen Green, Amen Thompson, and Jabari Smith.

Wizards Use No. 2 Pick On Alexandre Sarr

June 26th, 2024 at 7:19pm CST by Alex Kirschenbaum

The Wizards have selected power forward/center Alexandre Sarr with the No. 2 pick in the 2024 draft.

In a rarity for the draft, top-two picks Sarr and newly-drafted Hawks small forward Zaccharie Risacher are both Frenchmen.

Sarr’s athleticism and dominant defensive presence make him one of the top prospects in this year’s class. The seven-footer played this season with the Perth Wildcats of Australia’s National Basketball League. He averaged 9.4 points, 4.3 rebounds and 1.5 blocks per game.

Sarr has drawn comparisons with Memphis center Jaren Jackson Jr. for his defensive instincts and rim protection. He may be a bit small to thrive as an NBA center right away, so it’s possible he’ll see more time at power forward early in his career. If Sarr can improve his outside shooting, he has the physical skills to develop into an All-Star big man.

In 2023/24, the Wizards posted a 15-67 record, their worst in history. The team has enjoyed an active offseason already, having agreed to acquire the No. 14 pick in this draft’s lottery, a 2029 first, two second rounders and the contract of Malcolm Brogdon, from the Trail Blazers in exchange for swingman Deni Avdija.

Sarr is the younger brother of Thunder reserve center Olivier Sarr.

Arthur Hill contributed to this post.

Hawks Select Zaccharie Risacher With No. 1 Pick

June 26th, 2024 at 7:12pm CST by Luke Adams

The Hawks have made Zaccharie Risacher the No. 1 pick in the 2024 NBA draft.

Atlanta unexpectedly moved up from No. 10 to No. 1 at the draft lottery last month, despite having just a 3% chance to get that first overall pick. While there was no consensus number one prospect in this year’s class like Victor Wembanyama a year ago, the jump to the top of the draft gave the Hawks the opportunity to take their pick of this year’s draft-eligible prospects.

According to Adrian Wojnarowski of ESPN (Twitter video link), the Hawks ultimately narrowed their choices to Risacher and Kentucky guard Reed Sheppard before selecting Risacher.

A 19-year-old French forward who was born in Spain, Risacher began his professional career with ASVEL Basket in France in 2021. He spent the past season on loan to another French team, JL Bourg, where he showed promise as a shooter, ball-handler, and versatile defender.

The 6’9″ forward averaged 13.1 points, 3.6 rebounds, and 1.1 assists in 24.0 minutes per game across 17 EuroCup appearances in 2023/24, with a .566/.561/.659 shooting line. In 32 contests in France’s LNB Elite, he averaged 10.1 PPG, 3.8 RPG, and 0.9 APG on .439/.352/.740 shooting.

This pick is just the beginning of what promises to be an eventful offseason in Atlanta. The Hawks are widely expected to trade one of their two star guards – Trae Young or Dejounte Murray – and may make additional changes to their rotation, with Clint Capela among the other Atlanta veterans mentioned as a trade candidate.

Mat Ishbia Says Suns Are Keeping Kevin Durant

June 26th, 2024 at 5:00pm CST by Arthur Hill

Suns owner Mat Ishbia sent out a Twitter message this afternoon to try to quash rumors about a Kevin Durant trade. Speculation regarding a potential deal has increased since the Rockets reached an agreement with Brooklyn to acquire three future Phoenix first-round picks.

“NBA Draft night is the best,” Ishbia wrote. “Everyone talking about the drama and storylines, some are right and some are just wrong. My turn. Phoenix loves Kevin Durant and Kevin Durant loves Phoenix, and we are competing for a championship this year because we have the team to do it. Gotta love draft night! Go Suns.”

Ishbia provided confirmation to a report this morning that there’s “zero chance” Durant will be traded. While Ishbia didn’t mention Devin Booker, another possible Rockets target, it’s believed that Phoenix isn’t looking to move any of its current core players.

Durant has two years left on his contract at $51.2MM and $54.7MM, so there’s no urgency for the Suns to trade him and no indication that he’s unhappy with his current situation. Phoenix was the destination Durant chose when he submitted his second trade request to Brooklyn two years ago. He was also Ishbia’s first major acquisition after purchasing the team, so it’s understandable that the owner would be reluctant to part with him already.

At 36, Durant might be an awkward fit with Houston’s roster, which is still mostly young. Booker, 28, fits the timeline better, but he’s under contract through the 2027/28 season.

Multiple Suitors Reportedly Willing To Offer Paul George Four-Year Deal

June 26th, 2024 at 11:09am CST by Luke Adams

The Clippers and Paul George appear to still be in a stand-off, with his player option decision just three days away. Appearing on ESPN’s Get Up on Wednesday morning (YouTube link), Brian Windhorst provided an update on where things stand with the star forward, who could pick up his option and push for a trade, opt out to become a free agent, or sign a new deal to remain in Los Angeles.

“I have been told that multiple teams out there are willing to trade for him and offer him the four-year max contract that he’s not currently being offered by the Clippers,” Windhorst said. “That means he’s got a set of options. But the question is, are the Clippers going to play ball with such a deal, or are they going to risk losing him for nothing if he can walk to a team like Philadelphia or Orlando?

“… At the end of the day, what I think he really wants to do is get that four-year max offer from the Clippers. They have not been willing to go there yet, especially after giving Kawhi Leonard just a three-year deal at less than the max. So this is really a bit of a stare-down right now. At the moment, at least it appears the Clippers (are) kind of calling a bluff from Paul George (about whether) he actually wants to leave his hometown.”

While an opt-in-and-trade scenario remains in play for George, one of his potential suitors likely took itself out of the running on Tuesday night, as the Knicks agreed to give up five first-round picks and a first-round swap in a deal for Brooklyn’s Mikal Bridges. New York had frequently been mentioned recently as a team with potential trade interest in George.

The Warriors and Rockets are among the other clubs who have been linked to the 34-year-old, and Windhorst hinted during the most recent Hoop Collective podcast (YouTube link) that Golden State could have a geographical edge.

“I’m not so sure Paul George really wanted to leave the West Coast,” Windhorst said in explaining why the Knicks are acquiring Bridges instead of pushing for George. “I think that was something that Philadelphia kind of ran into when they kicked the tires there.”

A report last week indicated that the Sixers‘ interest in pursuing George has “waned.” While there has been some push-back on that report in the days since then, Windhort stated on the Hoop Collective podcast that he thinks Philadelphia has “moved past the idea” of landing George, though he cautions that it’s not “dead” yet.

In the event that George opts in for 2024/25 and is traded to a new team, he would be able to sign a three-year extension worth up to a projected $171MM without having to wait six months, since the extend-and-trade rules will become more lenient beginning in July.

Taking into account his $48.8MM player option, that would put George in line to earn nearly $220MM over the next four seasons, which is more than the maximum four-year contract he could get if he signs with a cap-room team like the Sixers or Magic as a free agent this summer (such a deal would be worth a projected $212.2MM). Those $171MM and $220MM figures are based on the assumption that the salary cap will increase by the maximum allowable 10% in 2025.

Typically, the Clippers would have the option of going all the way up to five years for George, since they hold his Bird rights, but he can’t get a contract longer than four years this offseason due to the over-38 rule.

Nets, Rockets Officially Complete Swap Of Draft Assets

June 26th, 2024 at 3:49am CST by Luke Adams

The Nets and Rockets have officially announced their trade involving a series of future draft assets, with each team issuing a press release to confirm the move. We previously covered the deal within our story on the Mikal Bridges trade between the Nets and Knicks, but here are the full terms of the Brookyn/Houston swap:

Nets acquire:

Control of their own 2025 first-round pick (negating the Rockets’ right to swap either its own 2025 first-rounder or the Thunder’s 2025 first-rounder for Brooklyn’s pick).
Their own 2026 first-round pick.

Rockets acquire:

The right to swap either their own 2025 first-round pick or the Thunder’s 2025 first-round pick for the Suns’ 2025 first-round pick.
The Suns’ 2027 first-round pick.
Either the Mavericks’ or the Suns’ 2029 first-round pick (whichever is more favorable).
The right to swap their own 2029 first-round pick with either the Mavericks’ or the Suns’ 2029 first-round pick (whichever is least favorable).
- Note: Houston now essentially controls the two most favorable of the Mavericks’, Suns’, and Rockets’ 2029 first-rounders, with the Nets retaining control of the least favorable of the three.

The Nets’ motivation for the deal seems clear — their decision to trade Bridges signals that they’re prepared to take a step back in the short term rather than pushing toward contention. Having control of their own first-round picks for 2025 and 2026 will aid their rebuilding process, reducing the need to accelerate that process.

As cap expert Yossi Gozlan notes (via Twitter), Brooklyn will be in position to create more than $60MM in cap room in 2025, so the team will have no shortage of cap flexibility going forward in addition to being flush with future draft assets.

As for the Rockets, a report back in early May suggested they had interest in talking to the Nets about returning some of Brooklyn’s draft assets in exchange for some of those future Suns picks. Houston is pushing its collection of draft assets down the road a little and making a bet against Phoenix’s sustainability as a contender for the next several years.

As Adrian Wojnarowski of ESPN (Twitter links) has reported, the Rockets believe acquiring those future Suns assets puts them in a good position to pursue a star like Kevin Durant or Devin Booker in the event that they submit trade requests, or in the event that Phoenix eventually decides to break up its roster.

As the Nets showed with this deal, if a team pivots to a rebuild, it’s crucial for that team to control its own first-round draft picks — the Rockets now essentially own the Suns’ picks in 2025, 2027, and 2029 and could offer those assets back to Phoenix in any major trade between the two teams.

Still, for the time being at least, the Suns have no interest in considering a trade involving Durant or Booker, according to John Gambadoro of Arizona Sports 98.7, who responded to Wojnarowski’s report about Houston’s interest in acquiring Durant by tweeting that there’s “zero chance” that happens. Woj followed up on his initial report by clarifying (via Twitter) that the Rockets won’t necessary wait for a Suns star to become available and will also shop those picks to other teams in an effort to upgrade their roster.

Knicks To Acquire Mikal Bridges From Nets For Bogdanovic, Multiple First-Rounders

June 25th, 2024 at 10:47pm CST by Dana Gauruder

The Nets have agreed in principle to trade forward Mikal Bridges to the Knicks for Bojan Bogdanovic, four unprotected first-round picks, a protected first-round pick via the Bucks, an unprotected pick swap, and a second-rounder, ESPN’s Adrian Wojnarowski reports.

It’s a stunning development for both New York clubs, who haven’t made a trade with one another since 1983, as Fred Katz of The Athletic tweets.

The Knicks’ draft capital heading to Brooklyn will be their 2025, 2027, 2029 and 2031 first-rounders. The pick that the Bucks owed the Knicks was their 2025 first-rounder (top-four protected). The unprotected pick swap will come in 2028, while the second-rounder will be in 2025 (Brooklyn’s own). The Knicks will receive a 2026 second-round pick along with Bridges, according to Wojnarowski (Twitter link).

It’s a huge haul for the Nets, who acquired Bridges from the Suns in the 2023 Kevin Durant blockbuster. Bridges appeared in all 82 games this past season, averaging 19.6 points, 4.5 rebounds and 3.6 assists per contest.

Bridges made a trade request to be dealt to the Knicks, Ian Begley of SNY TV tweets. The forward is entering the third season of a four-year, $90MM contract and wanted to rejoin former Villanova teammates Jalen Brunson, Donte DiVincenzo and Josh Hart. He was prepared to tell any other teams looking to trade for him that he’d eventually sign with the Knicks as a free agent, Begley adds (via Twitter).

The Grizzlies and Jazz were among the other suitors who were prepared to offer “significant draft packages” for Bridges, sources tell Wojnarowski. The Rockets also had interest in Bridges, according to Jake Fischer of Yahoo Sports, who disputes Begley’s claim that the 27-year-old requested a trade but confirms he was interested in joining the Knicks.

Bridges will take some of the scoring load off of Brunson and Julius Randle while providing New York head coach Tom Thibodeau with another versatile piece on defense. The former Sun and Net will be eligible to sign a two-year extension as of October 1, or a longer deal next offseason.

Bridges is due to make $23.3MM next season. Bodganovic, who has a $19MM expiring contract for next season, looks more like a salary-matching piece than a player Brooklyn is specifically targeting, so he may not be a Net for long.

While only $2MM of Bogdanovic’s salary for 2024/25 is currently guaranteed, that partial guarantee will have to be increased to at least $14.2MM to make this trade work. That means he could end up be dealt again, as his larger partial guarantee makes him less likely to be waived, cap expert Yossi Gozlan notes (Twitter link). Bogdanovic is projected to return in October from the foot and wrist surgeries he required this spring, sources tell Fischer.

The Knicks will apparently still look to re-sign OG Anunoby, who has decided to opt out of his contract and become an unrestricted free agent, Wojnarowski tweets. However, New York is preparing to lose Isaiah Hartenstein in free agency, according to Begley (Twitter link). Hartenstein is expected to be a top target for several teams in free agency, and the Knicks — who only hold his Early Bird rights — can offer a max of four years and approximately $72.5MM.

Assuming the trade is completed as reported, without additional players added, the Knicks will be hard-capped at the first tax apron (projected to come in around $178.7MM) for the 2024/25 league year, since they’ll be taking back more salary than they send out. That will put a limit on New York’s spending power to fill out the roster, though the team should still have enough wiggle room to make a strong offer to Anunoby.

The Nets, meanwhile, are in position to create a new traded player exception worth $21.7MM if they take Bogdanovic into their previously created $20MM+ exception, Gozlan observes (via Twitter). If they go that route, they’d be hard-capped at the first apron in ’24/25 as well, since they’d be using a trade exception created prior to this offseason.

The Nets have also worked out a separate deal with the Rockets involving draft picks, according to Wojnarowski.

In that agreed-to trade with Houston, Nets are trading a 2025 Suns pick swap, a 2027 Suns first-rounder, and a first-rounder and swap in 2029 in exchange for their own 2025 pick swap and 2026 first-rounder from the James Harden trade, The Athletic’s Shams Charania tweets.

The Rockets’ motivation is to use the draft capital to help acquire an impact player. While the Rockets are intrigued about pursuing a Kevin Durant deal, Phoenix is inclined to run it back with its core group. Thus, the Rockets are now determined to use the Suns picks to be aggressive on deals elsewhere, Wojnarowski tweets.

Luke Adams contributed to this post.

Pistons Considered Potential Trade Destination For Mavs’ Hardaway

June 25th, 2024 at 3:43pm CST by Luke Adams

The Pistons have emerged as a possible landing spot for Mavericks wing Tim Hardaway Jr., league sources tell Marc Stein (Twitter link).

Stein previously reported that Hardaway would be a prime trade candidate to watch this offseason and that Dallas was more likely than ever to find a taker for the 32-year-old, who is entering the final season of his four-year contract, with his cap hit declining to $16.2MM.

According to Stein, finding a deal involving Hardaway is a “key element” of the Mavs’ plan to re-sign starting small forward Derrick Jones. Dallas only holds Non-Bird rights on Jones and can’t offer him a contract worth more than 20% above the minimum without dipping into its mid-level exception. The club projects to operate over the tax in 2024/25, so trading Hardaway and shedding some salary could open up the full non-taxpayer mid-level exception ($12.9MM) rather than just the taxpayer form of the MLE ($5.2MM).

Meanwhile, new Pistons president of basketball operations Trajan Langdon has spoken openly about his club’s willingness to take on unwanted contracts if they’re attached to more valuable assets. Detroit projects to have a significant chunk of cap space available this summer (potentially $60MM+) and could easily absorb Hardaway’s expiring $16.2MM salary while still having plenty of room left over.

In a subscriber-only article for The Detroit Free Press published prior to Stein’s report, Pistons beat writer Omari Sankofa II suggested that a deal sending Hardaway and a pair of future second-round picks to Detroit might make sense for both sides. The Pistons made a similar move last offseason when they acquired Joe Harris‘ $19.9MM expiring contract along with two second-rounders from Brooklyn.

Detroit had envisioned Harris bringing much-needed shooting to the roster, but the veteran swingman battled injuries and wasn’t productive when he did play. Hardaway would theoretically be a more effective rotation piece for the Pistons. He’s coming off a season in which he averaged 14.4 points, 3.2 rebounds, and 1.8 assists in 26.8 minutes per game across 79 appearances, with a shooting line of .402/.353/.852. Since he played a limited role in the playoffs though, there has been a sense that his days with Dallas may be numbered.

According to Stein (Twitter link), the two teams don’t have the framework of a trade in place yet, but scenarios involving Pistons wing Quentin Grimes have been discussed. Grimes’ cap hit for 2024/25 is just $4.3MM, so a deal that includes no additional players besides him and Hardaway would still create substantial cap savings for the Mavs on top of giving them a potential rotation player.

However, Grimes was the primary piece Detroit got back in the February trade that sent Bojan Bogdanovic and Alec Burks to New York, so the Pistons will presumably be seeking more than a second-round pick or two if they agree to send him out and take on Hardaway’s salary.

Timberwolves Coach Chris Finch Signs Four-Year Extension

June 24th, 2024 at 5:18pm CST by Dana Gauruder

The Timberwolves may be in the midst of an ownership dispute but they’re giving head coach Chris Finch some job security, ESPN’s Adrian Wojnarowski reports.

Finch has agreed on a four-year contract extension through the 2027/28 season. The team confirms in a press release that Finch has signed the extension.

Minnesota has qualified for the postseason in each of the last three seasons under Finch and had its most successful playoff run in two decades this spring, reaching the Western Conference finals.

“I’m proud of the way we’ve been able to establish a great culture here with the Timberwolves and I look forward to continuing to lead this organization and make our fans proud,” Finch said in a statement.

Terms were not reported but it’s safe to assume Finch received a hefty boost in salary, considering the recent explosion in coaching salaries.

“Chris is a wonderful coach, and an even better person,” team president Tim Connelly said in a statement. “We are thrilled that he is being rewarded with a well-earned extension. Under his guidance the team has improved every year, he’s the perfect leader for our organization.”

Finch was hired away from the Raptors in February 2021 after the Timberwolves dismissed Ryan Saunders in February 2021. He has a 160-127 regular-season record with the Timberwolves. They went 56-26 this past season, then swept the Suns and knocked out the defending champion Nuggets in a seven-game battle before succumbing to the Mavericks.

Finch underwent surgery to repair a torn patellar tendon in his right knee during the postseason after Mike Conley collided with him.