Newsstand Rumors | Hoops Rumors

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.

OG Anunoby To Decline Option, Become Free Agent

June 24th, 2024 at 5:09pm CST by Dana Gauruder

OG Anunoby is declining his $19.9MM player option and will become an unrestricted free agent, Fred Katz of The Athletic tweets.

It’s long been anticipated that Anunoby would test the free agent waters. He’ll be one of the most coveted players on the market, coming in at No. 5 among our top 50 free agents this summer. However, it’s unlikely any team would be willing to max him out due to his lack of durability. As noted in our free agent rankings, injuries have cost him 29, 34, 15, and 32 games in the past four seasons.

When Anunoby suits up though, he’s a difference-maker. After the Knicks acquired him from the Raptors in December, New York’s net rating in his 802 regular season minutes was an eye-popping +21.7. Both the Knicks’ offensive rating (122.6) and defensive rating (100.9) during those minutes would’ve ranked first in the NBA.

Anunoby, 26, is in the prime of his career that began during the 2017/18 season. In 50 regular-season games in ’23/24, he averaged 14.7 points, 4.7 rebounds, 2.1 assists and 1.4 steals. He earned All-Defensive honors in 2022/23 but didn’t qualify this past season due to the 65-game minimum rule in the new CBA.

A recent report suggested that the floor for Anunoby’s next contract is $35MM per year, meaning the non-Knicks suitors will be limited to teams who can create significant cap room or are in position to pull off a sign-and-trade. That list isn’t extensive, but the Sixers are among the cap-room clubs that could have interest. He’d be a fallback option for them if they couldn’t land Paul George in free agency.

Still, the Knicks, who possess Anunoby’s full Bird rights, have the inside track on re-signing him. Discussing the forward’s impending free agency earlier today, Michael Scotto of HoopsHype confirmed a recent report from Brian Windhorst of ESPN, who hinted that New York’s initial offer wasn’t up to par, but added that New York “remains committed” to re-signing Anunoby and is viewed as the favorite by rival executives.

Warriors Guaranteeing Kevon Looney’s Salary For 2024/25

June 24th, 2024 at 3:19pm CST by Luke Adams

The Warriors have decided to guarantee Kevon Looney‘s salary for the 2024/25 season, sources tell Kendra Andrews of ESPN (Twitter link).

Golden State would have had to waive Looney on Monday in order to avoid having his full $8MM salary for next season become guaranteed. Up until today, only $3MM of that total had been guaranteed, so the team could’ve saved $5MM by cutting him.

However, Anthony Slater of The Athletic reported over the weekend that Looney was unlikely to be waived, pointing out that cutting him and then signing a replacement wouldn’t create significant cap or tax savings, and cutting him to try to re-sign him to a minimum-salary deal was considered too risky, since he’d have other suitors. According to Slater, the veteran center is still one of head coach Steve Kerr‘s favorite players and his voice is valued in the locker room.

Looney, 28, has been with the Warriors since 2015, winning three titles during that time and starting 256 of his 523 regular season games with the franchise. His defensive versatility, toughness, and rebounding have made him an important part of Golden State’s frontcourt over the years, but he had a down season in 2023/24, as his averages dipped to 4.5 points, 5.7 rebounds, and 1.8 assists in 16.1 minutes per game.

While Looney will now be assured of receiving $8MM in 2024/25, that doesn’t mean he’ll spend the entire season with the Warriors. As Slater wrote on Saturday, the big man could emerge as a trade candidate if his expiring contract comes in handy as part of Golden State’s efforts to upgrade its roster.

The Warriors’ next major salary guarantee decision will come later this week — Chris Paul‘s $30MM contract for ’24/25 will become guaranteed if he remains on the roster through Friday. However, there’s virtually no chance Golden State will guarantee that full amount unless it’s necessary to accommodate a trade. It’s also possible that Paul will agree to push his salary guarantee date back into July to give the team more time to sift through its trade options.

Lakers Hire J.J. Redick As Head Coach

June 24th, 2024 at 2:52pm CST by Rory Maher

JUNE 24: The Lakers have issued a press release officially confirming that they’ve hired Redick as their head coach.

“J.J. is a fierce competitor and has an extraordinary basketball IQ and understanding of the modern game that will energize players and excite fans,” Pelinka said as part of a larger statement. “His rigorous analysis will immediately unlock new opportunities for our roster while setting a foundation for player development over the long term. He brings an intense dedication to innovation, advancing the game, and staying at the forefront of an ever-evolving league.

“Beyond his basketball acumen, J.J. has a care for people and genuine empathy that are critical for connecting with players today. This is an exciting time for Lakers basketball.””

JUNE 20: The Lakers are hiring J.J. Redick to be their new head coach, according to ESPN’s Adrian Wojnarowski, who reports that Redick will receive a four-year deal.

According to Woj, head of basketball operations Rob Pelinka believes in Redick’s “basketball IQ” and his “ability to connect with players.” Pelinka also thinks surrounding Redick with an experienced staff “will help to shorten the learning curve” for the first-time head coach. Redick has already begun to assemble a staff, Woj adds.

Dan Woike of The Los Angeles Times confirms that Redick has made a verbal commitment to the Lakers (Twitter link). Redick will receive about $8MM per season on his four-year contract, sources tell Shams Charania, Sam Amick and Jovan Buha of The Athletic.

Multiple league sources tell Brian Robb of MassLive.com that Celtics assistant coach Sam Cassell is a name to watch for an assistant job on Redick’s staff, which echoes a previous report from Marc Stein. Cassell was among the candidates who interviewed for the Lakers’ job.

A former NBA sharpshooter who played 15 seasons in the league from 2006-2021, Redick has connections to the Los Angeles area, having played four seasons for the Clippers. The ESPN analyst also co-hosts a podcast with LeBron James. While James reportedly took a hands-off approach in the search, Redick’s preexisting relationship with the superstar forward surely didn’t hurt his candidacy.

Redick, who turns 40 years old next week, was long viewed as the frontrunner for the Lakers’ head coaching job after they fired Darvin Ham last month following a first-round playoff exit. However, Redick didn’t formally interview for the position until last weekend and wasn’t offered the job until this morning, per Wojnarowski.

Wojnarowski previously reported that the Lakers offered a six-year, $70MM contract to UConn’s Dan Hurley, who has won back-to-back NCAA titles with the Huskies. Hurley ultimately declined the offer and is reportedly nearing a long-term deal to stay in Storrs.

Pelicans associate head coach James Borrego was viewed as the other main candidate in the Lakers’ search. Borrego is reportedly a finalist in the Cavs’ coaching search, with recent reports pegging him as the frontrunner for the job.

As our tracker shows, several other names emerged in the Lakers’ search, but it’s unclear how seriously some of them were considered.

Now that the team’s coaching search is over, the Lakers will turn to the draft, trade market and free agency to improve their roster entering 2024/25. Their most noteworthy potential free agent is James, who holds a $51.4MM player option for next season.

Reggie Jackson Exercising 2024/25 Player Option

June 24th, 2024 at 2:34pm CST by Luke Adams

Nuggets point guard Reggie Jackson is picking up his player option for 2024/25, reports Adrian Wojnarowski of ESPN (Twitter link). The decision will ensure that Jackson receives a guaranteed salary of $5.25MM next season before reaching unrestricted free agency in 2025.

Jackson originally signed with Denver on the buyout market in February 2023 after he was traded from the Clippers to the Hornets and was waived by Charlotte. He struggled down the stretch during the Nuggets’ championship season, making just 38.3% of his field goal attempts (27.9% of his three-pointers) in 16 regular season games before falling out of the rotation for the playoffs.

However, the Nuggets opted not only to retain him for the 2023/24 season but to give him a raise, signing him to a two-year, $10.25MM contract using their taxpayer mid-level exception. The 34-year-old responded with a strong bounce-back season, averaging 10.2 points, 3.8 assists, and 1.9 rebounds in 22.2 minutes per game, with a shooting line of .431/.359/.806.

Jackson was one of just two Nuggets players to appear in all 82 games this past season. He also made 23 starts when Jamal Murray was forced to the sidelines for health reasons.

While Jackson’s option decision will guarantee his 2024/25 salary, it doesn’t necessarily guarantee that he’ll spend next season in Denver. It’s possible the Nuggets will end up using his expiring contract as a trade chip, though if he returns, Jackson should see once again see rotation minutes as Murray’s backup

With Jackson’s $5.25MM salary on the books, the Nuggets are now up over $172MM in guaranteed salaries for 11 players. That figure doesn’t include the cap hold for Denver’s first-round pick ($2.5MM) or a new contract for Kentavious Caldwell-Pope, who has a decision of his own to make on a $15.4MM player option. If KCP exercises that option or signs an even more lucrative contract with the Nuggets, their salary will exceed the second tax apron ($189.5MM), limiting the team’s ability to make additional roster moves.

Troy Weaver To Join Wizards As Senior Advisor

June 24th, 2024 at 7:48am CST by Arthur Hill

Former Pistons general manager Troy Weaver will become a senior advisor with the Wizards, sources told Adrian Wojnarowski of ESPN.

As rumored last week, Weaver will reunite with Monumental Sports/Wizards president Michael Winger and GM Will Dawkins, who took over the team last summer. The three executives spent more than a decade together in Oklahoma City’s front office.

Wojnarowski hears that Weaver’s agent, Andy Miller of Klutch Sports, is finalizing a contract to have Weaver in place in time for Wednesday’s draft and the start of free agency this weekend. A team executive tells Woj that Winger and Dawkins consider Weaver to be a “truth teller” who is willing to challenge them regarding difficult decisions.

Weaver is also viewed as an expert on prospect evaluation and player development, according to Wojnarowski, who cites his role in creating the powerful Thunder team built around Kevin Durant, Russell Westbrook and James Harden.

Weaver is a Washington, D.C., native, and Wojnarowski notes that he launched his career as head coach of DC Assault, a successful AAU program. That led to assistant coaching jobs in the college ranks with Pittsburgh, New Mexico and Syracuse and eventually an NBA opportunity as the head scout in Utah.

Weaver and the Pistons parted ways in what was termed a “mutual decision” earlier this month as part of an organizational housecleaning after Trajan Langdon was hired as head of basketball operations. Detroit also dismissed head coach Monty Williams and is still searching for his replacement.

Although he didn’t produce much on-court success during his four years with the Pistons, Weaver assembled a promising collection of young talent. Draft picks during his tenure produced Cade Cunningham, Jaden Ivey, Jalen Duren and Ausar Thompson.

Celtics’ Brissett To Decline Option, Become Free Agrent

June 23rd, 2024 at 5:05pm CST by Dana Gauruder

Oshae Brissett will decline his $2.5MM option in order to become an unrestricted free agent, Spotrac’s Keith Smith tweets.

Brissett signed a two-year contract with the Celtics at the start of free agency late last June. He appeared in 55 regular-season games with the Celtics, including one start, and averaged 3.7 PPG and 2.9 RPG in 11.5 MPG.

The 26-year-old came off the bench in 10 postseason contests, averaging 1.6 PPG and 1.4 RPG in 5.5 MPG. His biggest impact during the championship run came in Game 2 of the Eastern Conference Finals against Indiana when he collected three rebounds and three steals in 12 minutes.

A 6’7″ combo forward, Brissett went undrafted in 2019 after two college seasons at Syracuse. He originally signed an Exhibit 10 deal with his hometown Raptors, which was converted into a two-way deal for his rookie season.

Brissett was waived by Toronto in December 2020, later catching on with the Pacers in April 2021 on a couple of 10-day contracts. He played so well for Indiana to close ’20/21 (he averaged 10.9 PPG, 5.5 RPG, 1.0 BPG and 0.9 SPG on .483/.423/.769 shooting in 24 games) that he earned a multiyear contract for the veteran’s minimum.

His numbers declined in ’21/22, but were still solid enough for his contract. However, his role was further reduced in ’22/23, with Brissett averaging 6.1 PPG and 3.4 RPG while shooting 31% from three-point range in 65 games (16.7 MPG).

Brissett will have a busy summer as he looks for a new team, though he could still circle back and re-sign with Boston. He has also been named to Team Canada’s preliminary Olympic roster.

Nuggets To Decline 2024/25 Team Option On Vlatko Cancar

June 23rd, 2024 at 11:14am CST by Rory Maher

The Nuggets have decided to decline their 2024/25 team option on Vlatko Cancar, a source tells Bennett Durando of The Denver Post (Twitter links).

However, it sounds like there’s mutual interest in a reunion.

As Durando observes, the Nuggets are declining the $2,346,606 option due to luxury tax concerns. But if Cancar re-signs with Denver on a minimum-salary deal, he would project to make $2,432,511 in ’24/25 while the Nuggets would carry a cap hit of $2,093,637.

Durando believes the 27-year-old is “likely” to return to the Nuggets on a one-year, veteran’s minimum contract.

Cancar missed the entire ’23/24 season after tearing the ACL in his left knee last summer. As Durando notes, Cancar has been preparing to play with the Slovenian national team ahead of the country’s Olympic qualifying tournament, which takes place early next month in Greece.

A former second-round pick who was stashed overseas for a couple years before coming stateside in 2019, Cancar averaged 5.0 PPG and 2.1 RPG on .476/.374/.927 shooting in 60 games (14.8 MPG) in ’22/23, when the Nuggets won their first championship.

The full list of team option decisions for next season can be found right here. June 23 was the deadline for Denver’s decision on Cancar, but most other decisions aren’t due until June 29.

Suns’ Drew Eubanks Declining 2024/25 Player Option

June 21st, 2024 at 2:33pm CST by Rory Maher

Suns center Drew Eubanks is declining his $2.65MM player option for 2024/25 to become an unrestricted free agent, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Eubanks, 27, signed a one-plus-one (second-year player option) deal with Phoenix last summer, appearing in 75 games and averaging 5.1 PPG, 4.3 RPG and 0.8 BPG as the team’s primary backup center (15.6 MPG).

Most players who decline their options have an idea of potential interest from rival teams — that seems likely to be the case here too, though that’s just my speculation.

As Gerald Bourguet of PHNX Sports observes (via Twitter), Eubanks didn’t fit particularly well in his lone season with the Suns, so the decision for him to opt out could be mutually beneficial. Phoenix will be on the lookout for a backup center with Eubanks presumably switching teams.

A former undrafted free agent who played three years of college ball for Oregon State, Eubanks got his NBA start with the Spurs on a two-way deal back in ’18/19. He spent three-plus seasons with San Antonio before being traded and then released by Toronto. He caught on with the Blazers a couple weeks later, finishing the ’21/22 and ’22/23 seasons with Portland.

The 6’9″ big man holds career averages of 5.9 PPG, 4.6 RPG and 0.8 BPG in 323 regular season games, including 71 starts (15.9 MPG). He has shot 60.6% from the field and 73.4% from the free throw line over the past six seasons.

The full list of 2024/25 player option decisions can be found here.

Brook Lopez, Mitchell Robinson Among Centers On Trade Block

June 21st, 2024 at 2:04pm CST by Rory Maher

Bucks veteran Brook Lopez and Knicks big man Mitchell Robinson are among the prominent centers who are available for trade this offseason, reports Jake Fischer of Yahoo Sports. Fischer hears from sources who say Clint Capela (Hawks), Walker Kessler (Jazz) and Isaiah Stewart (Pistons) are other big men names to watch on the trade market.

According to Fischer, Milwaukee is open to roster changes and has been gauging Lopez’s market value. The 36-year-old will earn $23MM in 2024/25, which is the final season of his contract. League sources tell Fischer the Rockets warned Lopez when they pursued him last summer that returning to the Bucks could eventually lead to him being traded.

While the Alex Caruso trade wouldn’t preclude the Thunder from making a run at Isaiah Hartenstein, they seem far more focused on finding a “situational reserve” center instead of a signing a starting-caliber big man like Hartenstein, per Fischer. As of now, the Knicks seem to be in the driver’s seat to re-sign the 26-year-old, Fischer writes — that’s why New York has been discussing Robinson deals.

Ian Begley of SNY.tv has also heard Robinson has popped up in trade talks (Twitter link). Begley believes the Knicks aren’t “fully committed” to dealing Robinson, but they view his contract — he’ll make $27.3MM over the next two seasons — as a valuable trade chip.

As cap expert Yossi Gozlan observes (via Twitter), moving off Robinson’s salary would give New York more financial flexibility this offseason, perhaps to re-sign Precious Achiuwa and OG Anunoby. If the Knicks make no other cost-cutting moves, they would project to be well over the second tax apron if they bring back all their key free agents.

Capela, 30, is on a $22.3MM expiring contract. He has popped up in trade rumors for some time. While Fischer suggests the Hawks and Pistons been actively exploring deals for Capela and Stewart, respectively, his wording on Kessler is more speculative, writing that “rival teams believe” the Jazz are open to the possibility of moving the 22-year-old, who excelled as a rookie in ’22/23 but had an uneven second season.