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Thunder Trade Josh Giddey To Bulls For Alex Caruso

June 21st, 2024 at 10:43am CST by Rory Maher

The Thunder have officially traded Josh Giddey to the Bulls for Alex Caruso, the two teams confirmed in press releases. Our full trade breakdown from Thursday can be found here.

While Chicago’s statement doesn’t have any quotes from the front office, Thunder head of basketball operations Sam Presti was remarkably transparent, at least from his perspective, about how and why the trade transpired.

“We want to thank Josh for his many contributions to our team and know he will capitalize on the opportunities before him in Chicago.

“When we drafted Josh in 2021 he was an essential aspect of our vision for the next iteration of the Thunder. Since then, our team has evolved rapidly and dynamically in ways we could never have anticipated. Therefore, as we began our internal discussions this offseason, it was determined that bringing Josh off the bench next season was our best option to maximize his many talents and deploy our team more efficiently over 48 minutes.

“As we laid out to Josh how he could lean into his strengths and ultimately optimize our current roster and talent, it was hard to for him to envision, and conversations turned to him inquiring about potential opportunities elsewhere. As always was the case, Josh demonstrated the utmost professionalism throughout the discussions. Josh has All-Star potential, but accessing that in the current construct of the Thunder would not be optimal for the collective. Based on these discussions we decided to move forward and prioritize what was best for the organization.

“Alex Caruso is a player we have always highly valued and followed. He is the quintessential Thunder player; he is an exceptional competitor and teammate with a multi-dimensional skillset. His presence and game will help elevate the core of our team as we continue to strive to build a sustainably elite program in Oklahoma City. Alex is a player that began his professional career with the Thunder/Blue and the opportunity to add him was something we felt would truly enhance our team and culture. We could not be more excited to see Alex in Thunder blue (again).”

A former sixth overall pick who is still only 21 years old, Giddey was brought off the bench for the first time in his career during the Thunder’s second-round series vs. Dallas due to shooting and defensive struggles. The Australian guard/forward, who is a very talented rebounder and passer, will be a restricted free agent next summer if he doesn’t sign a rookie scale extension with Chicago this offseason.

Caruso, meanwhile, has become one of the NBA’s best perimeter defenders, earning All-Defensive team nods each of the past two seasons. He’s also a more accomplished shooter than Giddey, with superior accuracy (38.0% vs. 31.0%) from three-point range during his career. The 30-year-old is headed for unrestricted free agency in 2025 if he doesn’t sign an extension before the 2024/25 campaign ends.

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Magic’s Interest In Klay Thompson Overstated?

June 21st, 2024 at 9:23am CST by Rory Maher

Veteran swingman Klay Thompson will be eligible for unrestricted free agency on June 30, and he reportedly plans to test his value on the open market. The question is, which team (or teams) will pursue him?

“At this juncture, I am starting to be skeptical — outside of the Philly backup option plan for (Thompson) — there’s really much of a market out there,” Jake Fischer of Yahoo Sports said on the No Cap Room podcast (YouTube link). “The Orlando stuff, I’m not so certain about. (There’s) definite word that the Magic are only going to be willing to offer a two-year balloon payment bigger than what they did for Joe Ingles last year.”

Ingles received a two-year, $22MM contract from Orlando last summer, but only the first season was guaranteed — the Magic hold an $11MM team option on his deal for 2024/25.

Thompson reportedly turned down a two-year, $48MM extension from the Warriors before the ’23/24 season began. Fischer expressed some skepticism that the Magic, who could have about $50MM in cap room, would be willing to offer the 34-year-old a deal in that range.

Shams Charania and Anthony Slater of The Athletic have reported that while the Warriors would like to bring Thompson back, they also haven’t exactly been “beating down his door” to sign him to a new contract. That strongly suggests Golden State doesn’t view Thompson as its top priority this summer, which is understandable given how injuries have impacted his game.

One report earlier this week stated that Thompson was looking for a deal that covers a minimum of three years. Unless he’s willing to take less money for more long-term security, a three-year contract might be difficult to come by.

For what it’s worth, the Sixers‘ interest pursuing Paul George has “significantly waned,” perhaps opening a door for Thompson. The Thunder have also been floated as a cap-room contender that could be a fit, though it’s unclear if there’s real interest there from either side.

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Pistons Plan To Interview Bickerstaff, Borrego, Sweeney, Nori

June 20th, 2024 at 7:14pm CST by Luke Adams

7:14pm: The Pistons also intend to interview Borrego, according to Omari Sankofa II of The Detroit Free Press.

6:27pm: The Pistons plan to interview former Cavaliers coach J.B. Bickerstaff for their head coaching position, reports ESPN’s Adrian Wojnarowski (Twitter link). According to Wojnarowski, Detroit has also received permission to meet with Mavericks assistant Sean Sweeney and Timberwolves assistant Micah Nori.

Bickerstaff was just let go by the Pistons’ division rivals in Cleveland last month after he posted a 170-159 (.517) record across four-plus seasons with the Cavaliers, leading them to playoff appearances in 2023 and 2024 and a first-round series victory this spring. Bickerstaff also coached the Grizzlies from 2017-19 and was as an assistant for several teams before that, with stints in Charlotte, Minnesota, and Houston.

Sweeney, who began his NBA career in the Nets’ video room in 2011, has worked on Jason Kidd‘s staffs in Brooklyn, Milwaukee, and Dallas, and was also an assistant in Detroit under Dwane Casey from 2018-21. Casey remains with the Pistons in a front office role.

Nori is another veteran assistant who was on Casey’s staff from 2018-21. He worked for the Raptors, Kings, and Nuggets before that, and has been with the Timberwolves since 2021. Nori shared some of Chris Finch‘s head coaching duties during Minnesota’s playoff run this spring when Finch was unable to roam the sidelines due to knee surgery.

Sweeney and Nori have been hot names on the head coaching carousel in the past couple months. Sweeney was linked to the Lakers’ and Wizards’ vacancies, while Nori reportedly interviewed with the Cavaliers and Lakers. Both men were high on the list of potential Pistons candidates published by James L. Edwards III of The Athletic on Wednesday following Monty Williams‘ ouster.

According to Wojnarowski (Twitter link), the Pistons are expected to seek permission to interview more assistants from around the NBA.

One name to watch will be James Borrego of the Pelicans, who was atop Edwards’ list and was also mentioned by Vincent Goodwill of Yahoo Sports (Twitter link) as a candidate who would receive serious consideration if he’s available. Multiple reports have suggested Borrego is the frontrunner for the only other available head coaching job, in Cleveland, so it’s unclear whether or not Detroit will get a chance to talk to him.

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Sixers’ Interest In Paul George Has Reportedly Waned

June 20th, 2024 at 5:27pm CST by Luke Adams

The Sixers‘ interest in pursuing star forward Paul George has “significantly waned” in recent days, according to Shams Charania of The Athletic (Twitter link).

While Charania doesn’t explicitly state that Philadelphia is moving on from George, he says the team is “expected to be aggressive elsewhere” with its cap room and draft picks as it looks to upgrade its roster around Joel Embiid and Tyrese Maxey.

It’s a significant development ahead of free agency, since George has long been viewed as the top offseason target for the Sixers, who can create more than $60MM in cap room. George isn’t technically a free agent yet, but could become one if he turns down his $48.8MM player option with the Clippers for the 2024/25 season. He ranked atop our list of this year’s top 50 free agents earlier this week.

The Sixers aren’t the only rival suitor that could make a run at George – he has also been linked to the Magic – but if Philadelphia doesn’t aggressively pursue him, it would seem to significantly increase the odds of a return to Los Angeles for the nine-time All-Star.

George has been extension-eligible with the Clippers all season, but hasn’t been able to reach an agreement with the team after teammate Kawhi Leonard signed a new deal with L.A. back in January. Reports have indicated that the Clippers sought a deal with George similar to the one that Leonard signed (three years, $152MM), which would be below his maximum in terms of both salary and years. The maximum offer Los Angeles can make to the 34-year-old would be worth a projected $221MM over four years, starting in 2024/25.

It’s unclear which players would be the 76ers’ top targets if George is off the table. LeBron James would presumably fit the bill, though there has been no indication yet that he’s mulling a move out of Los Angeles. OG Anunoby has been viewed as a possible option, and a report earlier this week suggested that the Knicks forward may test the market. A separate report stated that Philadelphia is expected to have some interest in Hornets forward Miles Bridges.

DeMar DeRozan, Kentavious Caldwell-Pope, and Klay Thompson are a few other free agents of note, while Zach LaVine and Brandon Ingram are among this offseason’s possible high-profile trade candidates.

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Bulls, Thunder To Swap Alex Caruso, Josh Giddey

June 20th, 2024 at 4:11pm CST by Luke Adams

The Bulls and Thunder have reached an agreement on a trade that will send guard Alex Caruso to Oklahoma City, with guard Josh Giddey heading to Chicago, reports Adrian Wojnarowski of ESPN.

The deal isn’t official yet, but it sounds like it will be a straight-up, one-for-one swap. It won’t include any draft compensation, according to Joel Lorenzi of The Oklahoman and Marc Stein (Twitter links)

Caruso, one of the NBA’s best point-of-attack defenders, has earned All-Defensive nods and Defensive Player of the Year votes in each of the last two seasons. The 30-year-old has also developed into a reliable three-point shooter, making 40.8% of his 4.7 attempts per game in 2023/24 to push his career rate to 38.0%.

In 71 total games for the Bulls last season, Caruso averaged a career-high 10.1 points, 3.8 rebounds, 3.5 assists, and 1.7 steals in 28.7 minutes per contest, with a .468/.408/.760 shooting line. He’ll add even more defensive firepower to a Thunder team that ranked fourth in defensive rating (111.0) in ’23/24 and also features lockdown defenders like Luguentz Dort and Cason Wallace.

The Bulls had resisted trade offers for Caruso in recent years, but decided to part with him as he enters the final year of his current contract. He’ll earn $9.89MM in 2024/25 and will be extension-eligible beginning in July, though he won’t become eligible for his maximum extension (four years, $78MM+) until six months after the trade.

If he doesn’t sign a new contract with Oklahoma City at some point during the coming league year, Caruso will reach unrestricted free agency next summer. However, Wojnarowski (Twitter links) reports that the Thunder had pursued the veteran guard for a while and are making the deal with an eye toward keeping him long-term.

As Kevin O’Connor of The Ringer points out (via Twitter), it will be a reunion for Oklahoma City and Caruso, who played for the OKC Blue in the G League under Mark Daigneault in 2016/17.

Giddey, the sixth overall pick in the 2021 draft, started all 210 regular season games he played for the Thunder over the past three seasons and showed intriguing upside as a play-maker during that time. His best season came in 2022/23, when he averaged 16.6 points, 7.9 rebounds, and 6.2 assists per game on .482/.325/.731 shooting.

However, Giddey took a step back in ’23/24, averaging a career-low 12.3 PPG and 4.8 APG as his playing time dipped from 31.1 MPG to 25.1 MPG. While he improved his three-point percentage to 33.7%, he remained inconsistent from beyond the arc, resulting in opposing defenses sagging off of him. That led to the Thunder eventually moving him to the second unit for the first time in his career during the team’s second-round playoff series vs. Dallas.

Giddey was also the subject of investigations by the NBA and local police due to allegations that he engaged in an inappropriate relationship with a minor, but both the league and police closed their investigations into that matter due to a lack of corroborating evidence.

According to Wojnarowski (via Twitter), the Bulls had been “determined” to find a play-maker capable of replacing Lonzo Ball, who has been sidelined due to knee problems since January of 2022 and is entering the final year of his contract. There’s optimism in Chicago that Giddey, still just 21 years old, will have a clearer path to realizing his full potential in a situation where he has the ball in his hands more often — he often ceded ball-handling duties to Shai Gilgeous-Alexander in Oklahoma City.

The deal will save the Bulls a little money in 2024/25, with Giddey set to earn $8.35MM in the final year of his rookie contract. The difference between that figure and Caruso’s isn’t massive, but could end up being significant, given that Chicago’s team salary could approach or surpass the luxury tax line this offseason.

Like Caruso, Giddey will be extension-eligible with his new team. The Bulls will have until the day before the start of the regular season to negotiate a rookie scale extension with their new lead guard. If they don’t come to terms by that point, he would be on track for restricted free agency in 2025.

As cap expert Yossi Gozlan observes (via Twitter), this will be the first time the Bulls have made a trade involving a player since August 2021. It sounds like it probably won’t be the last deal the team makes this summer, with Zach LaVine and Ball said to be among the other trade candidates to watch.

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Bulls Have Discussed LaVine With Kings, Jazz, Magic, Sixers

June 20th, 2024 at 3:59pm CST by Rory Maher

The Bulls have been active in trade discussions heading into the 2024 NBA draft and free agency, reports K.C. Johnson of NBC Sports Chicago. In addition to exploring moving up and down from the 11th pick, Chicago has also discussed players already on the roster as well.

Sources tell Johnson that head of basketball operations Arturas Karnisovas has “floated as many as 15” trade proposals involving Zach LaVine. The Kings, Jazz, Magic and Sixers are among the teams Chicago has called about LaVine, according to Johnson.

As Johnson observes, the Bulls will almost certainly need to trim salary to avoid the luxury tax in 2024/25 if they intend to re-sign DeMar DeRozan and Patrick Williams. DeRozan, who is extension-eligible through June 30, will be an unrestricted free agent, while Williams is restricted.

Johnson reported earlier this month that Chicago’s asking price for LaVine has significantly dropped compared to last year, when they were seeking real assets in return for the 29-year-old. It seems the Bulls are now more focused on finding a way to shed LaVine’s pricey salary — he’s owed $138MM over the next three seasons, including a $49MM player option in 2026/27.

A two-time All-Star, LaVine was limited to just 25 games this past season due to a nagging foot injury, which eventually required season-ending surgery.

To this point, the Bulls have been focused on offering DeRozan short-term deals, Johnson writes. While there’s been “widespread speculation” that the Thunder, Pistons and Hornets may put out offer sheets for Williams, Johnson hears the Bulls are comfortable with their position since they have the right to match any contract the former No. 4 overall pick might receive.

Johnson also mentions Lonzo Ball and Alex Caruso as names to watch on the trade market. ESPN’s Adrian Wojnarowski just reported that Caruso is being sent to Oklahoma City for Josh Giddey.

As for the lottery pick, Johnson cites Providence’s Devin Carter, Kentucky’s Rob Dillingham, G League Ignite’s Ron Holland and Duke’s Kyle Filipowski as potential targets, though the Bulls have gotten a close look at a “wide range of prospects.”

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Julia Koch Agrees To Buy 15% Stake In Nets

June 19th, 2024 at 3:32pm CST by Luke Adams

Nets owners Joe Tsai and Clara Wu Tsai have agreed to sell a 15% stake in BSE Global – the team’s parent company – to Julia Koch and her children, according to a report from Scott Soshnick and Eben Novy-Williams of Sportico. The New York Post first reported the negotiations in February.

BSE Global was assessed with a valuation of $6 billion for the upcoming sale, per Sportico and Brian Lewis of The New York Post. That’s a significantly higher valuation than any NBA franchise has received as part of a stake sale, though it also takes into account the WNBA’s New York Liberty and the Barclays Center. The Tsais paid a total of $3.3 billion for the two teams and the arena, assuming full control in 2019.

The massive new figure likely reflects the impact of the NBA’s and WNBA’s upcoming TV deals, as well as the “growth in the economics” of the Barclays Center, Soshnick and Novy-Williams write.

“The $6 billion valuation is not stretched at all if you take into account a potential new NBA media deal, a hot WNBA team with exponential growth, and Barclays Center doing really well as a top concert venue,” one source told Lewis.

The widow of late billionaire David Koch, philanthropist Julia Koch inherited 42% of Koch Industries, one of the largest conglomerate companies in the United States, when her husband died. She and her family are said to be worth $65.2 billion, per Forbes.

Julia Koch’s group, which also includes her children David Jr., Mary Julia, and John, won’t have a path to gradually take over majority control of the Nets in stages – like the Tsais did when they initially bought in – as part of this deal. She also won’t become an alternate governor for the franchise. However, the Kochs will be given the right of first offer if Tsai decides to sell his majority stake in the team down the road.

The NBA’s advisory committee has reviewed the terms of the sale and recommended that the league’s Board of Governors approve it in a June 24 vote, per Sportico.

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Gilgeous-Alexander, Murray Headline Canada’s Preliminary Olympic Roster

June 19th, 2024 at 2:42pm CST by Luke Adams

Canada Basketball has formally announced its preliminary roster for the upcoming 2024 Olympics in Paris. The 20-man group will have to be trimmed to 12 players for Paris.

Here are the 20 players vying for spots on Team Canada’s Olympic roster, which will be coached by new Nets head coach Jordi Fernandez:

All 12 players who helped Canada clinch an Olympic berth and claim a bronze medal at the 2023 World Cup are included in the preliminary roster, along with several notable newcomers, including Murray, Wiggins, Lyles, and Nembhard.

Trail Blazers guard Shaedon Sharpe and Pacers guard Bennedict Mathurin, whose seasons ended earlier due to injuries, will also attend training camp with Team Canada, but won’t be in the mix for roster spots this summer, according to today’s announcement.

Even without Sharpe or Mathurin in the mix, the Canadians can put together a formidable NBA-heavy squad that should be in contention for a medal in Paris. Gilgeous-Alexander, Barrett, Brooks, Dort, Powell, Olynyk, and Alexander-Walker were the top seven players on last year’s squad and look like relatively safe bets to represent Canada again. If Murray, Wiggins, Lyles, and Nembhard were to join them, that would leave just one open spot for the remaining nine invitees.

One notable omission from the 20-man preliminary roster is veteran guard Cory Joseph, who spoke to Michael Grange of Sportsnet.ca earlier this week to express his disappointment about being left off the list. Joseph was unable to compete for a spot on the World Cup team last year due to a back injury, but was among the 14 players who made a commitment in 2022 to be part of Canada’s “summer core” for the current Olympic cycle.

“I took the honor of playing for your country very seriously and did it many times over the years,” Joseph told Grange. “This is not me complaining, I’m not a complainer. But there were times when I put FIBA basketball and playing for my country over my NBA situation at the time, whether I was in a contract year and I had no contract at the time and I went to go play for my country, whether I had little bumps and tweaks, I was there. Whether guys came or not, I always thought we still had a chance. For me it’s a little disheartening to be like, ‘Wow, I wasn’t even given an opportunity to compete for whatever position?’

“… I had planned to go to camp, and when you’re talking about the (last three or four spots) on the roster, there’s a pool of talented guys you could put on the roster, (but) I don’t see, in that situation, where I wouldn’t at least be invited to camp to be one of those guys (to compete for a spot), so that’s where my disappointment is with the organization. … I don’t want to take away from the fact that Canada Basketball is in a great place. This is not that. I love all those guys. I want them to do well. Quote that. I just think I should have been invited to camp at the very least, 100 per cent.”

Team Canada will hold its training camp in Toronto from June 28 to July 7 before heading to Las Vegas for an exhibition game vs. Team USA on July 10. The Canadians will also play exhibition matches with France on July 19 and the winner of the Puerto Rico Olympic qualifying tournament on July 21.

Canada will be in Group A at the Olympics, along with Australia. The group will be filled out by the winners of the qualifying tournaments in Spain and Greece.

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Warriors’ Gary Payton II Picks Up 2024/25 Player Option

June 19th, 2024 at 11:17am CST by Luke Adams

Warriors guard Gary Payton II has exercised his player option for the 2024/25 season, reports Kendra Andrews of ESPN (Twitter link). While most player option decisions are due on June 29, Payton’s deadline to opt in was June 19.

The move will guarantee Payton a $9.13MM salary for next season, putting him on track to reach unrestricted free agency in 2025 if he doesn’t sign a contract extension before then. He’ll be extension-eligible for the entire 2024/25 league year, beginning in July.

A stalwart perimeter defender, Payton averaged 5.5 points, 2.6 rebounds, and 1.1 assists in 15.5 minutes per game across 44 appearances off the bench for the Warriors last season, with a shooting line of .563/.364/.609. The 31-year-old has been affected by injuries over the past couple years, appearing in just 66 total regular season games since playing in 83 total contests (71 regular season, 12 playoffs) for Golden State’s title-winning team in 2021/22.

At the end of the Warriors’ season in April, Payton expressed a desire to remain with the team and referenced the possibility of “redoing” his deal, leading to speculation that he might turn down his option in order to sign a longer-term contract with a smaller starting salary, giving Golden State some additional short-term cap flexibility. However, while that scenario was explored, the numbers didn’t make for both sides, according to Anthony Slater of The Athletic.

Payton’s decision to opt in means the club will have to account for his $9MM+ cap hit, pushing team salary closer to the luxury tax threshold. The Warriors now have $137MM in guaranteed money on their books for eight players in 2024/25. That figure doesn’t include the $5MM non-guaranteed portion of Kevon Looney‘s contract, Chris Paul‘s $30MM non-guaranteed salary, or a potential deal for free agent swingman Klay Thompson. The luxury tax line next season projects to be just north of $171MM.

As Slater points out, Payton’s opt-in doesn’t necessarily mean he’ll spend next season in Golden State, since his expiring contract could be a useful salary-matching piece in a trade. But as long as he’s healthy, the veteran guard is the team’s best backcourt defender and a valuable role player — his +5.8 net rating was the second-best mark among Warriors regulars in 2023/24, Slater notes.

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Pistons Part Ways With Monty Williams

June 19th, 2024 at 10:41am CST by Luke Adams

10:41am: The Pistons have officially confirmed that Williams won’t return as the team’s head coach in 2024/25, announcing the decision in a press release (Twitter link).

“Decisions like these are difficult to make, and I want to thank Monty for his hard work and dedication,” Gores said in a statement. “Coaching has many dynamic challenges that emerge during a season and Monty always handled those with grace.  However, after reviewing our performance carefully and assessing our current position as an organization, we will chart a new course moving forward.

“I have great respect for Monty as a coach and as a person and I am certain he will be successful in his future endeavors. I sincerely wish him and his family the very best.”

8:33am: The Pistons are making a head coaching change, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that the team has decided to dismiss Monty Williams just one season into his six-year, $78.5MM contract with the franchise.

Williams, who coached the Suns for four seasons from 2019-23, was let go by Phoenix last spring and appeared to be leaning toward taking a year off. After resisting Detroit’s initial overtures, Williams agreed to meet with Pistons owner Tom Gores and then-GM Troy Weaver and ultimately accepted a massive contract that was largest for a coach in NBA history at the time.

However, Williams’ first year in Detroit was a disaster from start to finish. The Pistons opened the season with 36 losses in their first 39 games, including 28 in a row, which set a new single-season record. The team – which entered the fall with aspirations of taking a step forward and vying for a spot in the postseason – had an overall record of 14-68, making it the worst season by winning percentage in the organization’s 76-year history.

The Pistons parted ways with Weaver earlier this offseason, replacing him with new head of basketball operations Trajan Langdon. Multiple reports since Langdon’s hiring indicated that the new president would be given free rein to make a head coaching change, despite the $65MM+ in guaranteed money left on Williams’ deal.

According to both Vince Goodwill of Yahoo Sports and James L. Edwards of The Athletic (Twitter links), Gores made the final call on Williams within the past 24 hours, with Langdon informing the veteran coach of the decision on Wednesday. Those reports don’t explicitly state whether or not Langdon recommended a change to Gores, but either way, the new top front office executive in Detroit now has the opportunity to bring in his own head coach for 2024/25 and beyond.

The Pistons will join the Lakers and Cavaliers as teams seeking new head coaches. While those other two clubs have been conducting searches for several weeks, Detroit is getting a late start, so we’ll see what sort of timeline the team has in mind for making a hire — the NBA draft is just one week away, while the Las Vegas Summer League schedule will get underway on July 12.

Some of the candidates under consideration for the jobs in Los Angeles and Cleveland figure to be on the Pistons’ radar. One notable name to watch, according to Goodwill (Twitter link), is Pelicans associate head coach James Borrego, who is viewed as a legitimate contender for both the Lakers and Cavs as well. Detroit will strongly consider Borrego if he’s available, says Goodwill. The Pistons have already poached one assistant from Langdon’s former team in New Orleans this offseason, reaching a deal to hire Fred Vinson.

It’s unclear whether Williams will become a contender for either of the NBA’s other head coaching vacancies or if he’ll take that year off that he didn’t get in 2023/24. Certainly, with $65MM+ in pay checks still coming his way, he’ll be feeling no financial pressure to get back to work anytime soon.

As a result of the Pistons’ dismal showing this past season, Williams now has a sub-.500 career record as a head coach, having posted a 381-404 (.485) mark across 10 years in New Orleans, Phoenix, and Detroit. He won five playoff series with the Suns and made the NBA Finals in 2021.

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