- The Thunder announced in a press release on Tuesday that Nick Collison has been hired to the team’s front office, having been named a special assistant to general manager Sam Presti. According to Joe Mussatto of The Oklahoman (Twitter link), Eric Maynor is also moving from the OKC Blue staff to the Thunder as a player development coach, while Anthony Morrow has been hired as a lifestyle services and engagement associate.
- The $27.5MM+ trade exception the Thunder created in last fall’s Steven Adams trade has now expired. As Bobby Marks of ESPN (Instagram video) observes, it’s not a big loss for Oklahoma City, since the team can still create up to $32MM in cap room by renouncing the rest of its exceptions if it so chooses.
Veteran point guard Kemba Walker gave up $20MM in his buyout agreement with the Thunder, according to Keith Smith of Spotrac (Twitter link). Bobby Marks of ESPN (Instagram video) first reported that Walker was giving back $20MM as part of that deal.
Walker’s cap hit with Oklahoma City will be reduced by $9,777,778 in 2021/22 and by $10,222,222 in 2022/23, per Smith. The 31-year-old guard had originally been set to earn $36,016,200 this season and $37,653,300 in ’22/23.
It’s a significant concession by Walker, whose new deal with the Knicks is reportedly to be worth approximately $8-9MM per year over two seasons. It’ll be interesting to see whether his new salaries match the amounts he gave up in the buyout, or if he ends up making a little less as a result of his decision to play for his hometown team.
The terms of the buyout also help explain why the Thunder were willing to move on from Walker now rather than trying to rebuild his value during the coming season and flip him for an asset down the road.
Walker, who was traded from Boston to Oklahoma City in June, was limited to 43 games for the Celtics in 2020/21 due to knee issues, but put up strong numbers in the games he played, averaging 19.3 PPG, 4.9 APG, and 4.0 RPG on .420/.360/.899 shooting in 31.8 minutes per contest.
Walker officially cleared waivers on Sunday, so his new deal with New York can be completed anytime. The Knicks haven’t yet announced any of their free agent signings — they’ll likely finalize them one after another at some point, whether that happens today or later in the week.
The Thunder have signed first-round picks Josh Giddey and Tre Mann to their rookie scale contracts, the team announced today in a press release.
Having entered draft night with the sixth, 16th, and 18th overall picks in the first round, Oklahoma City traded the No. 16 selection to Houston, but used No. 6 to pick Giddey and No. 18 to nab Mann. The two rookies are projected to earn first-year salaries of $5.99MM and $2.9MM, respectively.
Giddey, a member of the Adelaide 36ers in 2020/21, averaged 10.9 PPG, 7.5 APG, and 7.4 RPG in 28 games, earning NBL Rookie of the Year honors. The 18-year-old Australian was a surprise pick at No. 6 over the likes of Jonathan Kuminga and James Bouknight, but his size (6’8″) and play-making ability make him an intriguing fit for the rebuilding Thunder.
As for Mann, he spent two seasons in college, emerging as a full-time starter in the Florida Gators’ backcourt in 2020/21. The 6’5″ guard put up 16.0 PPG, 5.6 RPG, and 3.5 APG with a shooting line of .459/.402/.831 in 24 games as a sophomore before entering the draft.
As our tracker shows, No. 32 pick Jeremiah Robinson-Earl is now the Thunder’s lone unsigned 2021 draftee.
Originally reported as a two-year deal with a second-year player option, Rudy Gay‘s new contract with the Jazz actually covers three years, with a third-year player option, according to Keith Smith of Spotrac (Twitter link). The full three-year value of the contract, which was officially announced on Friday, comes in at about $18.55MM.
Smith has details on several other newly-signed contracts from around the Western Conference, so let’s dive in and round up some of the highlights (all links are courtesy of Smith)…
- Mike Conley‘s three-year deal with the Jazz includes some unlikely bonuses and has a partial guarantee on year three (Twitter link). The 2023/24 salary of $24.36MM is only guaranteed for $14.32MM.
- Devonte’ Graham‘s four-year contract with the Pelicans starts at $11MM and features 5% annual raises (Twitter link). The fourth year salary of $12.65MM is only partially guaranteed for $2.85MM.
- The Lakers used most of their taxpayer mid-level exception to sign Kendrick Nunn (Twitter link). His deal is worth $5MM in 2021/22, with a $5.25MM second-year player option.
- The Mavericks used the full non-taxpayer mid-level exception to sign Reggie Bullock to a three-year deal worth slightly over $30MM (Twitter link). The contract, which includes a 5% trade bonus, is only guaranteed for $5.45MM (of $10.49MM) in the final year.
- Shai Gilgeous-Alexander‘s five-year, maximum-salary extension with the Thunder includes a 15% trade kicker (Twitter link).
AUGUST 7: The draft-night trade between the Jazz and Grizzlies is now complete, per a team release from Memphis. The two teams had to wait until the Grizzlies officially acquired the rights to No. 40 pick Jared Butler from New Orleans before they could officially complete this deal.
As detailed below, the final trade is the Grizzlies receiving Almada’s draft rights in exchange for the rights to Butler and two future second-round picks. Those second-rounders heading to Utah are Memphis’ own selections in 2022 and 2026, per Chris Herrington of The Daily Memphian (Twitter link).
JULY 29: The Jazz will send the 30th pick to the Grizzlies, tweets ESPN’s Adrian Wojnarowski. Memphis will select Loyola Maryland forward Santi Aldama, Woj adds (via Twitter).
Utah will receive the 40th pick and two future second-rounders in return, according to Chris Herrington of The Daily Memphian (Twitter link). The 40th pick was part of a trade with the Pelicans earlier this week that won’t become official until the moratorium ends.
The Grizzlies believed the Thunder were targeting Aldama in the second round, so they thought they had to trade up ahead of the 34-36 range to make sure he didn’t go to OKC, tweets Jeremy Woo of Sports Illustrated.
The 6’11” Aldama turned down an invitation to the combine and didn’t conduct any publicly-known workouts before the draft, notes Jonathan Givony of ESPN. Aldama said he preferred to play in his native Spain and discouraged teams from drafting him. That led many people around the league to believe he had a promise from somebody, and Memphis likely shut him down several months ago.
AUGUST 6: The Thunder have officially signed Gilgeous-Alexander to his extension, the team announced today in a press release.
“We are excited to have Shai representing our organization for many years to come and couldn’t be happier for him and his family,” Thunder GM Sam Presti said in a statement. “He is a tremendous basketball player, but is also a leader that infuses optimism, confidence and collaboration into all of his interactions professionally and personally. We are looking forward to watching his individual growth and the collective development of our team as we continue on our path toward sustainable success in Oklahoma City.”
AUGUST 2: The Thunder and guard Shai Gilgeous-Alexander have agreed to a five-year, $172MM maximum rookie contract extension, agent Thaddeus Foucher informs Adrian Wojnarowski of ESPN (via Twitter).
Gilgeous-Alexander will still be on his rookie contract for one final season, and is set to make $5,495,532 in 2021/22. His new deal will kick in for the 2022/23 season. The new contract’s precise value will be contingent on exactly where the 2022/23 season cap lands.
As of this writing, Gilgeous-Alexander is expected to earn $29.75MM, based on the new $119MM salary cap projection for the 2022/23 season, as Bobby Marks of ESPN notes (Twitter link). SGA would net $39.27MM during the final year of the deal, in 2026/27.
Adrian Wojnarowski of ESPN writes (via Twitter) that the contract will include a 30% “escalator clause” that could increase the $172MM base of the deal into a $207MM agreement, provided Gilgeous-Alexander is voted onto one of the three All-NBA teams in 2022. Woj adds that there are no early termination options for either side in the new extension.
The 6’6″ combo guard was selected with No. 11 pick in the 2018 draft out of Kentucky and enjoyed an All-Rookie Second Team-caliber debut NBA season with the Clippers. He was the key element in a pick-heavy trade that sent All-Star forward Paul George to Los Angeles, and has since proved his mettle in two seasons with Oklahoma City.
Gilgeous-Alexander, 23, missed most of the 2020/21 season’s second half with a plantar fasciitis injury. When he was healthy, he produced at a high level. The 6’6″ 23-year-old averaged 23.7 PPG, 5.9 APG, and 4.7 RPG in 35 games last year. He posted a solid slash line of .508/.418/.808.
An excellent scorer with room to grow on defense, Gilgeous-Alexander has future All-Star potential. The Thunder were wise to lock him in to a long-term deal, even though the team appears more interested in asset accrual over winning in the short term.
Photo courtesy of USA Today Sports Images.
The Thunder have officially waived point guard Kemba Walker, the team announced today in a press release. The two sides agreed to a buyout earlier this week and have now finalized that agreement.
Walker, 31, was limited to 43 games for the Celtics in 2020/21 due to knee issues, but put up strong numbers in the games he played, averaging 19.3 PPG, 4.9 APG, and 4.0 RPG on .420/.360/.899 shooting in 31.8 minutes per contest.
Oklahoma City acquired Walker from Boston back in June in Brad Stevens‘ first major roster move as the Celtics’ president of basketball operations. Although that deal was considered a salary-dump, with the Thunder receiving a first-round pick for taking on Walker, a report last week stated OKC believed it might be possible to flip him to another team for an asset. Those efforts were ultimately unsuccessful.
The move will open up more playing time for the Thunder’s young ball-handlers (besides Shai Gilgeous-Alexander), including Theo Maledon and Josh Giddey.
Walker, meanwhile, is now on track to clear waivers on Sunday, assuming the Thunder officially released him by 5:00pm ET today. Once he clears waivers, the veteran guard will sign with the Knicks.
Walker’s deal with the Knicks will be a two-year contract worth about $8-9MM annually, as Ryan McDonough of NBC Sports Boston first reported earlier in the week. The four-time All-Star will join a Knicks backcourt that also features Derrick Rose, Immanuel Quickley, Alec Burks, and second-round pick Miles McBride.
4:34pm: Although there’s mutual interest between the Celtics and Schröder, he’s still considering a few options, a source tell Adam Himmelsbach of The Boston Globe (Twitter link). Himmelsbach adds that if Schröder ends up in Boston, it’s unlikely to happen via sign-and-trade.
1:28pm: The Celtics are holding negotiations with Lakers free agent guard Dennis Schröder, Jake Fischer of Bleacher Report tweets.
Boston has been shopping for a point guard since trading Kemba Walker to Oklahoma City in a salary dump. It’s likely that the Celtics would dangle their mid-level exception to Schröder, whose value declined after a subpar postseason performance against Phoenix. Boston could theoretically pursue a sign-and-trade with the Lakers, but there would be a number of hurdles to clear to make that type of transaction.
Michael Scotto of HoopsHype, confirming the Celtics’ interest in Schröder, hears that the team could offer a one-year deal or a two-year deal with a player option.
Schröder’s foray into free agency has been a disappointment. He reportedly turned down a four-year, $84MM extension offer from the Lakers and bet on himself that he’d receive on the open market.
The door closed on a return to Los Angeles when the team agreed to acquire Russell Westbrook from the Wizards. Other clubs have not made an offer near what Schröder had hoped. The Knicks thought about signing Schröder but were lukewarm about that prospect even before they agreed to sign Walker (once he clears waivers) on a two-year deal in the $8-9MM annual range, according to Marc Stein of Substack.
If he fails to reach an agreement with Boston, it’s possible that Schröder could look to return to one of his former teams. according to Stein. The Thunder could give him a one-year contract above the $9.536MM mid-level exception that most teams can offer, though it’s unknown whether OKC would be interested in signing him.
Oklahoma City could use Schröder as a trade chip, while he could try to pump up his value and re-enter the market again next summer.
The Thunder have pulled their qualifying offer for Sviatoslav Mykhailiuk, tweets Michael Scotto of HoopsHype. The third-year swingman will now be an unrestricted free agent.
The offer was valued at about $2.08MM and it covered just the upcoming season. By rescinding it, Oklahoma City no longer has the opportunity to match any offer that Mykhailiuk might receive in free agency.
The Thunder acquired Mykhailiuk in a March trade with the Pistons. He appeared in 30 games for OKC, starting nine, and averaged 10.3 points and 3.0 rebounds per night.
The Wizards continue to work through their complicated sign-and-trade acquisition of Spencer Dinwiddie, according to multiple reports.
Quinton Mayo (Twitter link) has heard the Bulls and Thunder mentioned as teams that could end up getting involved in a multi-team trade involving Dinwiddie. Mayo also reports that the Nets asked the Wizards for Deni Avdija during those negotiations, which Kristian Winfield of The New York Daily News (twitter link) corroborates.
If and when the Wizards, Nets, and other potential trade partners figure out a deal, Dinwiddie is expected to get a three-year, $62MM deal from Washington, reports Winfield (Twitter link).
Here are a few more updates from around the East:
- Although Victor Oladipo‘s camp is optimistic that he’ll be able to return to action sometime between late December and early February, some Heat people believe March is a more realistic target, tweets Barry Jackson of The Miami Herald. Oladipo, who underwent quad tendon surgery in May, agreed to a minimum-salary contract with Miami.
- Following up on an Ian Begley report that stated the final year in the Knicks‘ deals with Nerlens Noel, Alec Burks, Derrick Rose, and Evan Fournier aren’t guaranteed, ESPN’s Zach Lowe (Twitter link) clarifies that all four deals are expected to have standard team options in their last years. Noel, Burks, and Rose will have those options in year three, while Fournier’s will be in year four.
- Pacers big man Goga Bitadze wanted to play for the team in Summer League this month, but he missed Indiana’s first two SL practices due to back soreness and is now away from the club due to a personal matter, writes Scott Agness of Fieldhouse Files.