Orlando Magic Rumors | Hoops Rumors

Contract Details: Kornet, Wall, Jokic, Garland, Reed, More

July 13th, 2022 at 12:51pm CST by Luke Adams

Luke Kornet‘s new two-year, minimum-salary contract with the Celtics includes multiple salary guarantee dates this year, Hoops Rumors has learned.

Currently, Kornet’s $2.13MM salary for 2022/23 is only partially guaranteed for $100K, but that guarantee would increase to $300K if the big man remains under contract through August 15. If Kornet makes Boston’s regular season roster, half of his salary (approximately $1.07MM) would become guaranteed.

Kornet’s deal with the Celtics doesn’t include any guarantee triggers beyond that, so his ’22/23 salary would become fully guaranteed after the league-wide salary guarantee deadline in January. His ’23/24 salary is non-guaranteed and would become fully guaranteed if he remains under contract through January 7, 2024.

Here are a few more details on newly signed contracts:

The second year of John Wall‘s two-year deal with the Clippers is a team option, Hoops Rumors has learned. Los Angeles used its full $6,479,000 taxpayer mid-level exception to sign Wall.
Nikola Jokic‘s super-max extension with the Nuggets and Darius Garland‘s new maximum-salary extension with the Cavaliers both feature 15% trade kickers.
Davon Reed‘s two-year, minimum-salary contract with the Nuggets is fully guaranteed in year one and non-guaranteed in year two. Reed’s second-year salary will become fully guaranteed if he’s not waived by July 8, 2023.
The Magic used a portion of their mid-level exception to sign second-round pick Caleb Houstan to a four-year contract that includes guaranteed $2MM salaries in each of the first two seasons. The third and fourth years are worth the minimum and are non-guaranteed — there’s also a team option on the fourth year.
As expected, the Lakers signed second-rounder Max Christie to a two-year, minimum-salary contract. That deal will be fully guaranteed, Hoops Rumors has learned. L.A. couldn’t offer Christie more than two years or more than the rookie minimum after using the full taxpayer mid-level exception on Lonnie Walker.
Michael Foster Jr.‘s deal with the Sixers is an Exhibit 10 contract, meaning the team has the option of converting it into a two-way contract before the season.

Paolo Banchero Is Focused On Turning The Magic Into Winners

July 12th, 2022 at 12:00pm CST by Arthur Hill

After two strong showings, Magic forward Paolo Banchero will be shut down for the rest of Summer League, according to ESPN. The No. 1 pick averaged 20.0 points, 6.0 rebounds and 5.0 assists, leading Orlando to a pair of victories. In an interview with ESPN (video link), Banchero said his goal for his rookie season is to “affect the Magic in a winning way.”

Magic Sign Second-Rounder Caleb Houstan

July 10th, 2022 at 9:42pm CST by Rory Maher

The Magic have signed wing Caleb Houstan, the 32nd pick of last month’s draft, the team announced (via Twitter).

Houstan, 19, was a five-star recruit out of high school and a projected lottery pick entering college. However, he struggled a bit in his lone season with Michigan, averaging 10.1 PPG, 4 RPG and 1.4 APG on .384/.355/.783 shooting in 34 games (32 MPG), causing his draft stock to slide.

In an unusual move, Houstan was one of the only players to decline an invitation to this year’s draft combine, leading to speculation that he might have received a first-round promise. He wound up being the second pick of the second round instead.

The terms of Houstan’s deal were not disclosed, but if the Magic wanted to sign him to a three- or four-year deal, they would have to use part of their mid-level exception to do so, like the Grizzlies did with Kennedy Chandler and the Thunder did with Jaylin Williams.

Contract Details: Booker, Towns, Magic, Oladipo, Anderson, Hardy

July 9th, 2022 at 4:58pm CST by Luke Adams

The new super-max extensions for Suns guard Devin Booker and Timberwolves big man Karl-Anthony Towns each come with a different perk.

Booker’s deal includes a 10% trade kicker, but is fully guaranteed for all four years, with no player option in 2027/28.

Towns’ new contract, conversely, doesn’t feature a trade kicker, but has a fourth-year player option, giving Towns the ability to opt out and reach free agency in 2027.

Here are several more contract details from around the NBA:

Both Mohamed Bamba and Bol Bol received one guaranteed season and one non-guaranteed season on their new two-year contracts with the Magic. Bamba has matching cap hits of $10.3MM on his deal, while Bol’s cap hits are $2.2MM apiece.
Victor Oladipo‘s reworked two-year deal with the Heat came in at $18.2MM in total. It’s worth $8.75MM in 2022/23, with a $9.45MM player option for ’23/24.
As previously reported, Kyle Anderson‘s two-year contract with the Timberwolves is worth exactly $18MM. It features a first-year salary of $8,780,488 and a 5% raise to $9,219,512 for 2023/24.
Jaden Hardy‘s three-year contract with the Mavericks is, as expected, worth the minimum in all three seasons. It’s fully guaranteed in the first two years, with a partial guarantee of $400K in year three.

Southwest Notes: Rockets, McGee, Spurs, Pelicans

July 8th, 2022 at 5:05pm CST by Luke Adams

When the Rockets became convinced on draft day that the Magic were going to use the first overall pick on Paolo Banchero, Houston made Orlando a trade offer for that No. 1 pick, sources tell Tim MacMahon and Brian Windhorst of ESPN.

As MacMahon and Windhorst explain, the Rockets had been expecting to end up with Banchero and had only recently been given Jabari Smith‘s medical information from his agent, Wallace Prather. Bill Duffy, Chet Holmgren‘s agent, told the Rockets he’d only give them Holmgren’s medicals if he got the sense that both Orlando and Oklahoma City were passing on his client.

According to ESPN’s duo, the Rockets were comfortable staying at No. 3 if Smith fell to them, but were worried about having to make a decision on Holmgren without getting much time to look over his medicals, which was why they inquired about moving up. After the Magic turned them down, the Thunder took Holmgren at No. 2, with Smith falling to Houston at No. 3 — all three teams ultimately left the draft happy, and while Banchero and Smith were surprised by where they ended up, neither was upset by the outcome.

“Jabari ended up in a place that fits who he is,” Prather said. “There was nothing but excitement on Jabari’s part about going to Houston. We love their young core. We love the city. We love the passion of their fan base.”

For what it’s worth, Banchero got the upper hand on Smith in their respective Summer League debuts on Thursday, as Tim Bontemps of ESPN writes. The Magic forward scored 17 points in Orlando’s win over Smith and the Rockets.

Here’s more from around the Southwest:

A coaching assistant last season with the Rockets, Will Dunn has been promoted to an assistant coach position, writes Jonathan Feigen of The Houston Chronicle.
Appearing on ESPN’s NBA Today (video link), Mavericks head coach Jason Kidd confirmed that the plan is to insert newly-signed big man JaVale McGee into the starting five. McGee told ESPN when he agreed to a deal with Dallas last week that he expected to be the team’s starting center.
The Spurs ruled out Jeremy Sochan and Joe Wieskamp for the entire Las Vegas Summer League, per Tom Orsborn of The San Antonio Express-News (Twitter link). Sochan missed all of the team’s pre-Vegas practices due to COVID-19, while Wieskamp, who remains a restricted free agent for San Antonio, sprained his ankle in a Tuesday practice.
Noting that the Pelicans‘ front office has shown a knack for identifying under-the-radar talent, Christian Clark of NOLA.com identifies three players on the team’s Summer League roster who could warrant a longer look from the club.

Contract Details: Rubio, Bol, Dort, Boucher

July 7th, 2022 at 10:53pm CST by Dana Gauruder

The Cavaliers will use a portion of their mid-level exception to sign Ricky Rubio, Chris Fedor of the Cleveland Plain Dealer tweets. Rubio has agreed to a three-year, $18.4MM contract to return to Cleveland.

Rubio, who suffered a torn ACL in late December, finished the season with the Pacers. The Cavs’ front office explored the possibility of a sign-and-trade with the Pacers but couldn’t come to an agreement, Fedor explains.

Here are a few more contract-related notes from around the league:

The second year of Bol Bol‘s contract with the Magic is a team option, Khobi Price of the Orlando Sentinel tweets. According to Spotrac, Bol Bol’s two-year deal is a minimum-salary contract worth a total of $3,968,718.
The unlikely bonuses in Luguentz Dort‘s contract with the Thunder are for making the All-Defensive Team and the Defensive Player of the Year award, according to ESPN’s Bobby Marks (video link). Those bonuses are worth $1MM annually. The five-year deal has a total base value of $82.5MM.
Chris Boucher‘s three-year, $35.2MM contract with the Raptors is fully guaranteed, Marks tweets. The first year of the contract is worth $12.7MM and his cap hits decline over the following two seasons.

Mohamed Bamba Signs Two-Year Deal With Magic

July 7th, 2022 at 10:38pm CST by Alex Kirschenbaum

JULY 7: The signing is official, according to a team press release.

JUNE 30: The Magic are set to bring back big man Mohamed Bamba on a two-year, $21MM contract, per Chris Haynes of Yahoo Sports.

By opting to not tender a qualifying offer to Bamba, Orlando made him an unrestricted free agent. Haynes notes that several rival clubs were considering Bamba, who enjoyed a breakout fourth season with the Magic. He started in 69 of 71 available contests for Orlando, having previously started in six games across his first three NBA seasons.

Suiting up in a jumbo-sized frontcourt alongside fellow 2018 lottery draft pick Wendell Carter Jr., Bamba averaged career highs of 10.6 PPG, 8.1 RPG, 1.7 BPG and 1.2 APG across 25.7 MPG. He posted a tantalizing .480/.381/.781 slash line.

During the 2021/22 season, Bamba at last consistently exhibited the promise that convinced Orlando to draft him with the sixth pick out of Texas. He became one of the league’s better rim protectors and emerged as a reliable long-range option on volume (38.1% on 4.0 attempts a night).

Bamba’s future with the club may see him return to a reserve role. The Magic opted to take Duke power forward Paolo Banchero with the top pick in the 2022 draft, and will most likely start Franz Wagner, the eighth pick in 2021, at small forward. Carter was signed to a four-year, $50MM extension last summer. Though Bamba was also extension-eligible, Orlando ultimately opted to let him reach unrestricted free agency before bringing him back, so it seems likely that Carter will at least start the 2022/23 season at center. Injured power forward Jonathan Isaac, himself the sixth pick in the 2017 draft, is expected to return to the floor at some point during the 2022/23 season as well.

The 7′ big man is returning to a club that will boast a variety of solid players. After kicking off their rebuild in full with a flurry of moves at the 2021 trade deadline, Orlando also’s future already looks bright. In addition to the club’s aforementioned lottery talent in the frontcourt, the team also boasts talented young guard Cole Anthony, 2021 lottery selection Jalen Suggs, and 2017 No. 1 pick Markelle Fultz in the backcourt.

Eastern Notes: Banchero, Portis, Wizards, Knicks

July 7th, 2022 at 8:15pm CST by Dana Gauruder

With the Las Vegas Summer League underway, top pick Paolo Banchero isn’t shying away from the spotlight, Tim Reynolds of The Associated Press writes. The Magic forward is eager to show the fans why Orlando considered him the draft’s top prospect.

“I love when big crowds are out, when all the cameras are out, that’s when I play my best,” he said. “So, I’m looking forward to it and it’s going to be fun.”

Orlando begins Summer League play tonight.

We have more from the Eastern Conference:

Bobby Portis has inked his four-year, $48.58MM contract with the Bucks but he’s not in a celebratory mood, Jim Owczarski of the Milwaukee Journal Sentinel writes. Portis says it just motivates him to keep working. “I’m glad that the Bucks chose to bring me back and we met at terms and this and that, but I’ll always feel like I’ve got something to prove,” he said. “Obviously I’m happy that I got a chance to build generational wealth for my family, but still a lot of work left to do and there’s not time or need to celebrate. I work hard, I work on my game.”
The Wizards still have some holes to fill at point guard and center, Chase Hughes of NBC Sports Washington notes. However, guards Kris Dunn and Pierria Henry and big man Jaime Echenique, who are Summer League team members, could force their way into the mix. There’s a good chance the roster they currently have is essentially the one they will go with when the season opens, Hughes adds.
There are a number of under-the-radar players on the Knicks’ Summer League roster who could catch someone’s attention, Zach Braziller of the New York Post writes. Braziller provides details on seven of those players, including guard Jean Montero and forward Feron Hunt.

Southeast Notes: Heat, Martin, Hampton, Banchero

July 4th, 2022 at 10:00pm CST by Dana Gauruder

The Heat lost P.J. Tucker to the Sixers and reached agreements with Victor Oladipo and Dewayne Dedmon but they still have some unfinished offseason business, Ira Winderman of the South Florida Sun Sentinel writes.

Restricted free agent Caleb Martin remains unsigned but since the Heat do not have his Bird Rights, they are unable to match offers above the $10.49MM mid-level exception. They are not likely to go above the $6.5MM taxpayer mid-level exception, since that would trigger a hard salary cap. They also have to decide whether to bring back Markieff Morris.

They have both the mid-level and bi-annual exceptions at their disposal to pursue other free agents, but using the bi-annual would also result in a hard cap.

We have more from the Southeast Division:

Martin’s restricted free agency buys the Heat a little more time to wait out the Kevin Durant saga while keeping Martin as an option, Anthony Chiang of the Miami Herald notes. Even if Martin receives an offer sheet in the first day of free agency on Wednesday, the Heat have two days to decide whether to match it.
R.J. Hampton has impressed the Magic brass by his willingness to play in the Summer League, according to Khobi Price of the Orlando Sentinel. Hampton wanted to play despite appearing in 64 games during his second NBA season. “I only got to play one summer league,” Hampton said. “It’s a great opportunity for me to get run and get extra reps.”
Top pick Paolo Banchero has been displaying his strength in summer league practices, Price tweets. “He’s a very strong individual. I don’t think he even understands how strong he really is,” Magic coach Jamahl Mosley said of the former Duke forward. “That’s the great part of his willingness to learn and ask questions, that he’s going to find out how he can use his body in different ways to obviously punish defenses but then defensively, how to guard multiple positions.”

Spurs, Pacers, Pistons Still Have Cap Room Available

July 4th, 2022 at 9:01am CST by Luke Adams

While many free agent agreements have been reported since last Thursday evening, few will become official until the NBA’s moratorium period ends this Wednesday. That means the terms that have been reported – and the cap space or cap exceptions teams will use to complete those signings – haven’t yet been locked in.

Still, we have a pretty good sense of what the cap room situation looks like for teams around the league. Here’s a snapshot, as of the morning of July 4, of which clubs still have the most spending power:

Teams with cap room:

By our count, the Spurs project to have about $38MM in remaining cap room, and could push that number even higher by stretching Danilo Gallinari‘s partial guarantee across three years when they officially waive him. However, it’s very unlikely they’d do so unless they have a specific need for that extra room. San Antonio could also create some extra space by waiving Keita Bates-Diop or Tre Jones, who have non-guaranteed salaries for 2022/23, though there has been no indication that will happen.

The Pacers, meanwhile, should have a little over $26MM in cap room once the Malcolm Brogdon trade is finalized, based on our projections. Like San Antonio, Indiana has a couple players without full guarantees (Duane Washington and Terry Taylor) and could create more cap space by waiving one or both.

The Pistons have already committed a chunk of their cap room to taking on Nerlens Noel, Alec Burks, and Kemba Walker from New York, but haven’t used it all yet. If Walker gives back his minimum salary in a reported buyout agreement and Detroit uses its room exception to sign Kevin Knox to his two-year, $6MM deal, the team could have $14MM+ in space — or even more, if Walker’s dead money is stretched across three seasons.

It remains unclear what the Spurs, Pacers, and Pistons will do with their remaining cap room. All three teams have been linked to restricted free agent center Deandre Ayton at some point during the offseason and could theoretically still make a run at him, with Indiana and Detroit perhaps sending back players in a sign-and-trade deal to fit a max deal for the big man under the cap. Still, there’s a sense the Pistons have backed off Ayton after landing Jalen Duren on draft night, and it’s unclear whether the Spurs or Pacers have serious interest.

Accommodating salary-dump trades to acquire more assets could be an option for all three teams, either in the offseason or close to the trade deadline.

The Knicks are the other team expected to use cap room this summer, but after signing Jalen Brunson and Isaiah Hartenstein, they won’t have much left over. Even if they waive Taj Gibson and sign Brunson and Hartenstein to the lowest starting salaries possible based on their reported contract terms, New York projects to have less than $5MM in remaining room.

Mid-level exception teams:

The Hornets, Grizzlies, Thunder, Magic, and Jazz all still have their full non-taxpayer mid-level exceptions available, giving them the ability to offer up to about $10.5MM to a free agent. It’s worth noting though that Utah’s cap situation remains in flux as we wait to see what other moves the team has up its sleeve after trading Royce O’Neale and then agreeing to a blockbuster deal involving Rudy Gobert.

The Hawks, Nets, Heat, Pelicans, and Suns haven’t committed any mid-level money to free agents yet, but unless they shed salary, they’ll probably be limited to the taxpayer MLE (worth about $6.5MM) due to their proximity to the tax line.

The Bulls have used a small portion of their mid-level exception and should still have $7MMish available to spend, but doing so would push them into luxury tax territory, which ownership may be against.

There are some teams that could theoretically open up part or all of their mid-level exception if they’re able to turn reported free agent agreements into sign-and-trades. For example, Ricky Rubio agreed to a three-year, $18.4MM deal with the Cavaliers that will presumably use the MLE, but if Cleveland and Indiana were able to work out a sign-and trade deal involving Rubio, it would free up the Cavs’ mid-level to use on another move.