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DeRozan Trade Notes: Contract, Draft Picks, Spurs’ Moves, CP3

July 9th, 2024 at 7:35am CST by Luke Adams

DeMar DeRozan‘s new three-year contract with the Kings is worth $73.7MM, according to ESPN’s Adrian Wojnarowski (Twitter link), who says the third year is partially guaranteed for $10MM.

If we assume the contract has a standard ascending structure with 5% annual raises, that would work out to about $48MM in guaranteed money for DeRozan across the first two seasons, with $58MM guaranteed in total.

Here’s more on the three-team sign-and-trade deal sending DeRozan to Sacramento that was officially finalized on Monday:

The two second-round picks the Kings sent to the Bulls in the trade are Sacramento’s own 2025 and 2028 second-rounders, per RealGM. The Kings have also traded away their own 2025 first-round pick (top-10 protected) and recently dealt Portland’s 2025 second-rounder to Toronto, so they currently don’t control any selections in next year’s draft.
The fact that the Spurs only had to make one roster move (waiving Charles Bassey) to finalize the trade suggests that Harrison Barnes gave up his $3.7MM trade kicker in order to make the math work, as LJ Ellis of SpursTalk writes. Even with Barnes waiving that trade bonus, the numbers still don’t quite add up unless Chris Paul‘s cap hit comes in a little lower than the $11MM figure initially reported — Paul’s deal may include unlikely incentives that wouldn’t count against the cap but could push the value of his deal to $11MM (or higher), as cap expert Yossi Gozlan speculates (via Twitter).
Prior to completing the deal, the Spurs renounced their rights to a handful of free agents, including two players to whom they previously issued qualifying offers: Sandro Mamukelashvili and David Duke (Twitter link via Keith Smith of Spotrac). That doesn’t preclude bringing back either player, but Mamukelashvili and Duke are now unrestricted free agents, so San Antonio wouldn’t have the right to match an offer they get from another team.
The inclusion of RaiQuan Gray, who is on a two-way contract, was necessary in order for the Spurs and Bulls to “touch” in the three-team trade (ie. each club has to send or receive an asset from the other two teams in the deal). However, Gray – who was sent from San Antonio to Chicago – will be waived by the Bulls, as K.C. Johnson of NBC Sports Chicago reported (via Twitter). The Spurs now have two open two-way slots, while Chicago will have one once Gray is officially cut.
Barnes, who had been a King since 2019, published a pair of tweets thanking the franchise, city, and fans for the experience. “To Kings fans and all of SAC, this city will always hold a special place in my heart,” Barnes wrote as part of a longer statement. “Thank you for embracing me and making this city feel like home. Your passion and love for the game are unmatched. Grateful for the memories we made together!”

Northwest Notes: Murray, Hartenstein, Holmgren, Clark, Kessler, Saric

July 8th, 2024 at 10:42pm CST by Dana Gauruder

Jamal Murray and the Nuggets were reportedly progressing toward a four-year max extension agreement in late June. So what’s the holdup?

According to The Denver Post’s Bennett Durando, extension talks between the front office and the Nuggets’ point guard are temporarily on the backburner while Murray preparies for the Paris Olympics with Team Canada. The two sides will likely finalize an agreement after the Olympics are done, Durando adds. The only potential stumbling block could occur if Murray suffers a significant injury prior to signing an extension.

We have more from the Northwest Division:

New Thunder center Isaiah Hartenstein is impressed by how the team has methodically been built into a potential powerhouse in the Western Conference, according to Joel Lorenzi of The Oklahoman. “I think they were doing it the right way,” said Hartenstein, who left the Knicks and signed a three-year, $87MM contract with OKC. “I feel like they weren’t trying to rush steps. I think every year you kind of saw them take the next step. I think every time you see them go on the court, there’s a certain competitiveness always to them. They’re very excited for each other, and I think in the NBA you don’t have that a lot where no matter who’s doing good, the whole team is excited for each other.”
The Thunder‘s additions of Hartenstein and Alex Caruso should benefit Chet Holmgren, Rylan Stiles of Sports Illustated opines. Holmgren will have more freedom to show off his passing and play-making skills. It also opens up opportunities for Holmgren to play alongside another big man.
The Timberwolves’ Jaylen Clark has been cleared to play in the Summer League after recovering last season from a ruptured left Achilles tendon, the team announced in a press release. Minnesota drafted Clark in the second round last year despite Clark’s injury, which he suffered while playing for UCLA. Clark told Jerry Zgoda of the Minneapolis Star Tribune he can be a defensive factor in the league. “I just want to re-establish myself as the best defender in my class,” he said. “I can guard way bigger than what I am, and I’ve improved my jump shot a whole bunch. I’m going to try to break the steals record like I did at my college.”
Given his strong rookie season, Walker Kessler might seem a little out of place on the Jazz‘s Summer League squad. After a disappointing sophomore campaign, the third-year center wants to reestablish himself as a major defensive factor. He told the Salt Lake Tribune’s Andy Larsen that improving his body had been his No. 1 overall focus in the two months since the season ended. “I’m going into it with the mentality of, ‘I’m gonna be dominant.’ I’m gonna show what I’ve been working on and I’m looking forward to it,” Kessler said.
The Nuggets viewed Dario Saric as a top-priority target and reached an agreement with the big man on a two-year, $10.6MM deal. Saric was unsure if he wanted to play in the NBA or Europe next season before choosing the Nuggets, according to Durando. Multiple NBA teams showed interest in him, as well as the Greek club Panathinaikos, but the Nuggets felt confident about landing Saric.
The Timberwolves are looking toward rookies Rob Dillingham and Terrence Shannon Jr., 2023 second-round pick Leonard Miller and 2022 second-rounder Josh Minott to compete for rotation spots next season, according to Chris Hine of the Minneapolis Star Tribune. “We got some holes right away that need to be plugged and there’s no doubt that they’re going to have to be filled by young players, whether it be these two guys [Dillingham and Shannon] or guys that have already been in the system, in the gym,” coach Chris Finch said. “That’s what we need to do. We’re excited about that challenge and we’re looking forward to these guys stepping up to it.”

New York Notes: Nets Rebuild, Bridges, Thomas, Brunson, Hartenstein

July 8th, 2024 at 9:03pm CST by Dana Gauruder

With the stash of assets acquired in the Kevin Durant, Kyrie Irving and Mikal Bridges deals, Nets general manager Sean Marks doesn’t think the franchise will require a lengthy rebuild, according to Brian Mahoney of The Associated Press.

“This build, do I think it’s going to take time? I mean, I think we’ll be strategic in it,” he said. “But I do think being in this market, with this amount of draft assets, we’ve done it before. And so again, I think, not that it’s going to be expedited by any means, but I don’t think it’s a long process, either.”

Marks clarified that Bridges did not request a trade, adding that New York’s offer was so strong, he couldn’t pass it up. Reports at the time of the deal suggested the forward was interested in joining the Knicks but didn’t necessarily ask to be traded there.

“I think it’s been reported that Mikal wanted to leave or requested a trade. That could not be further from the truth,” Marks said. “That’s just not in Mikal’s character. That’s not who he is and that definitely did not happen. He was told by me when I called him and let him know that we’re at the two-yard line.”

We have more on the New York teams:

Nets guard Cam Thomas has joined Octagon as his representative, the agency tweets. Thomas is extension eligible this offseason, otherwise he’ll be a restricted free agent next summer. Thomas averaged 22.5 points, 3.2 rebounds and 2.9 assists in 66 games last season.
Jalen Brunson is pondering whether to sign an extension this summer, Fred Katz of The Athletic reports. Brunson could opt for long-term security now, instead of taking any chances by waiting until next offseason. He’s also well aware of how the new tax aprons could hamper the Knicks’ ability to make future moves. However, while he could ink a four-year extension this offseason worth around $156.5MM, he would be eligible to sign a max five-year contract worth a projected $269.1MM next summer. New York can put its extension offer on the table as early as this Friday and Brunson knows it’s coming, Katz writes.
With Isaiah Hartenstein in Oklahoma City and several free agent centers already committed to other teams, where can the Knicks find depth in the middle? The New York Post’s Peter Botte takes a look at some other free agent big men still available, along with potential trades the front office could pursue to fill that need.

Grizzlies Sign Second-Round Pick Cam Spencer To Two-Way Deal

July 8th, 2024 at 7:25pm CST by Dana Gauruder

The Grizzlies have signed second-round pick Cam Spencer to a two-way contract, the team’s PR department tweets.

Memphis acquired Spencer’s draft rights in a four-team swap that featured the Pistons, Timberwolves and Raptors.

Spencer played a major role in UConn’s second consecutive national championship after transferring from Rutgers.

The No. 53 pick in the draft, Spencer started all 40 games for UConn last season and averaged 14.3 points, 4.9 rebounds, 3.6 assists and 1.5 steals in 32.8 minutes. The 24-year-old, who was selected First Team All-Big East, shot 48.4% from the field, 44.0% from 3-point range and 91.1% from the free throw line.

Spencer fills the Grizzlies’ final open two-way slot. Scotty Pippen Jr. and Trey Jemison occupy the other two-way spots.

Kings Officially Acquire DeRozan, Spurs Get Barnes In Three-Team Swap

July 8th, 2024 at 6:22pm CST by Dana Gauruder

The blockbuster three-team deal involving DeMar DeRozan and Harrison Barnes is official, according to a Spurs press release, Kings press release, and Bulls press release.

The Spurs acquired Barnes from the Kings. In addition, San Antonio received the right to swap first-round picks with the Kings in 2031 while sending two-way player RaiQuan Gray to Chicago.

Additionally, the Spurs are waiving Charles Bassey to complete the trade, Jeff McDonald of the San Antonio Express-News tweets. However, San Antonio is exploring ways to bring Bassey back in the fold.

Sacramento acquired DeRozan from the Bulls while sending Chris Duarte, two second-round picks and cash considerations to Chicago, along with Barnes and the 2031 pick swap to San Antonio.

The Bulls will waive Gray, K.C. Johnson of NBC Sports Chicago tweets.

The deal is a sign-and-trade for DeRozan, who ranked sixth on our list of the top 50 free agents for this summer. His new contract is worth approximately $76MM over three years, according to Chris Haynes of TNT and Bleacher Report (Twitter link), who adds that the first two seasons are fully guaranteed with a partial guarantee for the final year.

The contract includes $49MM in guaranteed money over the first two seasons, per Sean Cunningham of FOX 40 Sacramento (Twitter link). It also features bonuses for being named an All-Star, tweets ESPN’s Bobby Marks.

The trade leaves the Kings hard-capped at the $178.1MM first apron, per cap expert Yossi Gozlan (Twitter link). Sacramento will also create a $5.9MM trade exception in the deal, Gozlan adds.

The 34-year-old DeRozan was extremely productive during his three seasons in Chicago, averaging 25.5 points, 4.7 rebounds and 5.1 assists per game and finishing near the top in the Clutch Player of the Year balloting the past two seasons.

The six-time All-Star will now team with De’Aaron Fox, Domantas Sabonis, Malik Monk and Keegan Murray on what should be one of the league’s most exciting offenses. The Kings will be counting on that group to lead them back to the playoffs after being eliminated in the play-in tournament last season.

Parting with DeRozan is the latest step in an offseason roster shakeup in Chicago, which has already traded Alex Caruso and lost Andre Drummond in free agency. The Bulls are shifting to a younger and less expensive roster in hopes of eventually rebuilding into a more competitive team.

Duarte, a 27-year-old swingman with three years of NBA experience, is the latest addition, but it’s uncertain how large his role will be. He appeared in 59 games with Sacramento last season, but averaged just 3.9 points and 1.8 rebounds in 12.2 minutes per night.

Duarte is under contract for one more season at $5.9MM and is eligible for an extension through October 21. Chicago will create a significant trade exception in the deal $17.6MM trade exception in the deal, according to Bobby Marks of ESPN (Twitter link).

Barnes joins Chris Paul as veteran offseason additions in San Antonio. The 32-year-old is extremely durable, playing in all 82 games the past two seasons. He can handle either forward spot and he figures to get plenty of open looks alongside Paul and Victor Wembanyama. Barnes averaged 12.2 points, 3.0 rebounds and 1.2 assists last season with .474/.387/.801 shooting stats.

The Spurs will use their cap space to absorb Barnes’ $18MM salary for the upcoming season, Wojnarowski and Tim Bontemps write in a full story on the trade. Barnes will make $19MM in 2025/26 before becoming an unrestricted free agent.

Barnes’ contract includes a $3.7MM trade kicker that Sacramento will be responsible for, Marks adds (Twitter link), broken up into $1.85MM for each of the next two seasons. That number could be negotiated down, but only with Barnes’ consent.

Knicks Sign Ariel Hukporti On Two-Way Deal

July 8th, 2024 at 6:04pm CST by Dana Gauruder

8:06pm: The signing is official, the team’s PR department tweets. It’s a one-year deal, The Athletic’s Fred Katz tweets.

6:04pm: The Knicks are signing the last pick of the draft, Ariel Hukporti, to a two-way contract, Michael Scotto of HoopsHype reports (Twitter link).

The German-born big man spent the 2023/24 season in Australia with Melbourne United, averaging 8.4 PPG, 7.0 RPG and 1.5 BPG in 28 games (18.4 MPG).

New York made multiple trades in the second round and wound up with the final pick in the draft, where it snagged Hukporti. All of the Knicks’ two-way slots are open, though they have a two-way qualifying offer on the table for Jacob Toppin.

Southwest Notes: Ingram, Grizzlies, Barnes, Spurs

July 8th, 2024 at 5:17pm CST by Luke Adams

The Hawks were considered a possible trade suitor for Brandon Ingram this offseason, but they ended up not having much interest in giving the forward his next contract or surrendering either Clint Capela or Onyeka Okongwu in a trade with the Pelicans, league sources tell William Guillory of The Athletic.

As a result, the Pelicans and Hawks instead made a deal involving Dejounte Murray that didn’t include Ingram or either of Atlanta’ centers. Now it’s unclear whether New Orleans will be able to find a trade partner for Ingram, who will be on an expiring contract in 2024/25.

According to Guillory, both the Pelicans and Ingram would prefer not to go into training camp without an extension, since it may become a distraction. That could mean New Orleans will be looking to complete a trade by late September, but it also doesn’t sound like a new contract for the former All-Star is out of the question. Guillory cites “some optimism within the building” that Ingram and the Pelicans could work out an extension below the max that leaves both sides happy.

Here’s more from around the Southwest:

The Grizzlies have officially announced Taylor Jenkins‘ new-look coaching staff for the 2024/25 season (Twitter link). Anthony Carter and Patrick St. Andrews are the only returning assistants, though one newcomer (Jason March) had been coaching the Memphis Hustle, while another (Erik Schmidt) was the Grizzlies’ head video coordinator. Joe Boylan (formerly of the Timberwolves), Patrick Mutombo (from the Bucks), Tuomas Iisalo (Paris Basketball), and Noah LaRoche are the other additions. Former assistants Blake Ahearn, Brad Jones, Scoonie Penn, Sonia Raman, and Vitaly Potapenko have all been replaced, writes Damichael Cole of The Memphis Commercial Appeal.
LJ Ellis of SpursTalk shares his thoughts on the Spurs‘ impending acquisition of Harrison Barnes, explains why he likes the fit and why he expects the veteran forward to be a starter in San Antonio. As Ellis notes, more minor roster moves will be necessary to open up enough cap room to accommodate Barnes’ incoming salary, so he’s reluctant to give his final assessment of the deal until it’s clear what those moves will be.
As Mike Finger of The San Antonio Express-News points out (via Twitter), the Spurs wouldn’t have been in position to add both Barnes and Chris Paul if they had kept the No. 8 overall pick in the draft, which carried a cap hit of $6.26MM.

Pelicans Sign Yves Missi To Rookie Scale Contract

July 8th, 2024 at 4:14pm CST by Dana Gauruder

The Pelicans have signed first-round pick Yves Missi to a rookie scale contract, according to the NBA transactions log. The Pelicans confirmed the signing via a press release.

Missi, a big man out of Baylor, was the 21st pick of the draft. Assuming he received the maximum 120% of this year’s rookie scale salaries, Missi will make $3,193,200 in his first season. He can earn a total of $15,654,827 over the next four seasons.

Rookie scale contracts are guaranteed for the first two years, with team options on the third and fourth years.

In his lone college season, Missi averaged 10.7 points, 5.6 rebounds and 1.5 blocks in 22.9 minutes per game while appearing in 34 contests, including 32 starts.

With the departure of Jonas Valanciunas, Missi has an opportunity to earn minutes in his rookie campaign.

Celtics Re-Sign JD Davison To Two-Way Contract

July 8th, 2024 at 3:22pm CST by Luke Adams

JD Davison is back under contract in Boston, according to the Celtics, who announced (via Twitter) they’ve signed the free agent guard to another two-way deal.

Davison, who was the 53rd overall pick out of Alabama in 2022, has spent his first two professional seasons on two-way contracts with the Celtics, logging just 105 total minutes in 20 games at the NBA level across those two years.

While Davison hasn’t been able to crack the rotation on a veteran NBA roster, the 21-year-old has been a high-level performer for the Maine Celtics in the G League. He earned All-NBAGL Third Team honors this past season after averaging 21.5 points, 8.5 assists, and 5.1 rebounds in 34.3 minutes per game across 44 total Showcase Cup and regular season contests.

The Celtics didn’t issue Davison a qualifying offer at the end of June because he was ineligible for another two-way QO (his offer would’ve been a one-year, partially guaranteed standard contract). However, it appears bringing him back on a third two-way contract was always the plan. Davison will play for Boston’s Summer League team this month in Las Vegas.

The C’s now have one two-way slot available, with Drew Peterson filling the other.

Atlantic Notes: Martin, Sixers, Embiid, Vezenkov, Celtics

July 8th, 2024 at 2:59pm CST by Luke Adams

In order to maximize their cap room, the Sixers renounced the rights to nearly all of their free agents, including a handful of players who hadn’t actually been on the roster for years, per Keith Smith of Spotrac (Twitter links). However, there was one notable exception: KJ Martin‘s cap hold remains on the team’s books.

Martin’s cap hold is worth the veteran’s minimum of $2,087,519, but Philadelphia holds his full Bird rights, allowing the team to go over the cap to re-sign him to a contract worth any salary up to the maximum.

Of course, Martin won’t get the max, but it could be in the 76ers’ best interests to re-sign him to a deal worth more than the minimum. Besides potentially vying for rotation minutes, Martin might come in handy as a trade chip on a roster where so many players will be earning either maximum- or minimum-salary contracts.

Here’s more from around the Atlantic:

A year after James Harden‘s trade demand hung over the Sixers‘ offseason like a dark cloud, there’s more optimism this summer in Philadelphia about the new-look roster, headed by Joel Embiid, Paul George, and Tyrese Maxey. Speaking to Tim Bontemps of ESPN, Embiid cautioned that the team still needs to make it work on the court, but admitted he’s excited about how the new big three looks. “On paper, and as far as the fit, it looks fantastic because you got both guys that can play off the ball, and they can play on ball and they’re great shooters and they can handle the ball, and then you also got me,” he said with a smile.“So, yeah, it looks great.”
Addressing the Sasha Vezenkov situation on Monday, Raptors president Masai Ujiri said he has had discussions with Vezenkov, his representatives, GM Bobby Webster, and head coach Darko Rajakovic about the matter. As Keith Smith of Spotrac details in depth, Vezenkov has reportedly reached a deal with Olympiacos but remains under contract with Toronto on a guaranteed NBA contract, preventing him from returning to Greece without the Raptors’ cooperation. “I think that should develop in the next few days or we’ll see whether it’s a few months,” Ujiri said. “We acquired a player in a trade and we feel we have communicated well. We communicated well with the agent and the team before. And so we’ll see how that goes.”
Taking a closer look at the Celtics‘ decision to put majority control of the franchise up for sale, Dan Shaughnessy of The Boston Globe says he believe H. Irving Grousbeck is ‘the one driving this sale” and that his son Wyc Grousbeck – the team’s governor and CEO – actually owns a “relatively small stake” in the team.