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Thunder Declining 2024/25 Options On Joe, Wiggins

June 29th, 2024 at 3:30pm CST by Luke Adams

The Thunder won’t exercise their team options for 2024/25 on wings Isaiah Joe or Aaron Wiggins, reports Shams Charania of The Athletic (Twitter link).

Both options were for very team-friendly rates — Joe’s was worth $2.165MM, while Wiggins’ was for $1.989MM. On the surface, it looks like a surprise that Oklahoma City is turning them down, given that the two players were solid rotation pieces in 2023/24.

However, as Charania notes, the Thunder don’t intend to let either player get away and will work on longer-term deals with both of them.

The thinking is that the Thunder will be able to keep Joe’s and Wiggins’ very small cap holds on the books, use up all of their cap room on other moves, then go over the cap to re-sign the two players to multiyear contracts using their Bird rights (or, in Joe’s case, Early Bird rights).

Joe and Wiggins will be rewarded with raises for the 2024/25 season and may in turn give the Thunder a better long-term rate than they would have if they became free agents a year from now (though that’s not a certainty).

Wiggins can be made a restricted free agent with a qualifying offer, and Michael Scotto of HoopsHype (Twitter link) confirms he has received that offer (worth about $2.4MM). However, Joe has too many years of service to be an RFA, so I’d imagine the Thunder have a pretty good idea of what it will take to re-sign him.

Joe has spent the past two seasons in Oklahoma City after being waived by the Sixers. During that time, he has been one of the team’s most reliable shooters off the bench, averaging 8.8 points per game with a .412 3PT% in 151 outings (11 starts; 18.8 MPG).

Wiggins, the 55th overall pick in the 2021 draft, has been with the Thunder for three seasons, averaging 7.3 PPG, 2.9 RPG, and 1.2 APG in 198 games (53 starts; 18.9 MPG) during that time. His career shooting line is an impressive .514/.394/.780.

Pacific Notes: Westbrook, Reaves, Murray, Suns FA Targets

June 29th, 2024 at 2:45pm CST by Luke Adams

Although Russell Westbrook is exercising his player option to guarantee his $4MM salary for the 2024/25 season, his return to the Clippers isn’t a certainty, a league source tells Law Murray and Jenna West of The Athletic, who write that there’s a chance “the player and team move on” this offseason. The Clippers have been linked to other veteran point guards in recent weeks, including Chris Paul and Kyle Lowry.

Here’s more from around the Pacific:

Although the Lakers still had some interest in Dejounte Murray before Atlanta agreed to trade him to New Orleans, L.A. remained unwilling to give up Austin Reaves as part of its package and was out of the running as a result, sources tell Shams Charania, Sam Amick, and West of The Athletic.
John Gambadoro of Arizona Sports 98.7 (Twitter link) names Monte Morris and Aaron Holiday as a pair of potential free agent point guard targets to watch for the Suns. Phoenix will be limited to minimum-salary offers, which means Holiday may be a more viable option than Morris. Gambadoro adds that previously reported target Kris Dunn would be a logical fit for the Suns, but says he’s not sure if Dunn will be “gettable.”
Gerald Bourguet of PHNX Sports shares his Suns free agency primer, breaking down potential options for the team on the free agent and trade markets and detailing the restrictions the front office will face as it navigates the second tax apron.

Hawks Picking Up Option On Garrison Mathews

June 29th, 2024 at 1:10pm CST by Alex Kirschenbaum

The Hawks are picking up their team option on marksman Garrison Mathews for the 2024/25 season, reports Michael Scotto of HoopsHype (Twitter link).

Scotto notes that this could help clear a path for the Lipscomb alum, 27, to sign a contract extension with the club in the future. As Lauren L. Williams of The Atlanta Journal-Constitution tweets, Mathews will become eligible for extension-eligible on July 6.

In 2023/24, Mathews connected on 44% of his shot attempts from beyond the arc, a career best. The 6’5″ shooting guard averaged 4.9 points, 1.4 rebounds, and 0.6 assists per game on a .456/.440/.810 shooting line while appearing in 66 contests for the 36-46 Hawks. The journeyman wing has also played for the Wizards and Rockets since kicking off his career in 2019.

He was flipped to the Hawks late into the 2022/23 season, but finally carved out a consistent bench role as a floor-spacer last year.

More Conflicting Reports On Sasha Vezenkov’s Future

June 29th, 2024 at 12:43pm CST by Luke Adams

Sasha Vezenkov officially has a new NBA team, having been traded from the Kings to the Raptors on Friday. However, that hasn’t quieted whispers from the rumor mill about what his future holds.

Alessandro Maggi of Sportando reported earlier today that Vezenkov is expected to return to the EuroLeague, where he earned MVP honors in 2023. According to Maggi, Vezenkov is close to finalizing a four-year contract with his former team in Greece, Olympiacos.

However, Toronto-based reporter Michael Grange of Sportsnet.ca disputed that claim, noting that the Raptors have Vezenkov and his guaranteed $6.66MM salary on their books for the 2024/25 season and have no plans to waive him. The expectation from the team is that he’ll be in training camp this fall, Grange adds.

This isn’t the first time this offseason that there have been conflicting reports about Vezenkov’s future. Earlier in June, an Italian reporter claimed Vezenkov was told he was no longer in Sacramento’s plans and the team would look to trade him, while Eurohoops said that Vezenkov told the Kings he wasn’t going to return for a second season and that he was undecided on whether he would stay in the NBA or return to Europe.

A follow-up report stated that Vezenkov intended to honor his contract and indicated there was “no truth” to the rumor that the forward was considering an NBA exit. His agent subsequently said on the record that staying in the NBA was the priority, though he added that Panathinaikos and Olympiacos had interest in his client.

Given all that context, it seems likely that Vezenkov will continue on his current contract if the Raptors are interested in bringing him to camp, but this could be a situation worth keeping an eye on as the offseason progresses.

Suns, Royce O’Neale Complete Four-Year Deal

June 29th, 2024 at 12:40pm CST by Luke Adams

JULY 6: O’Neale’s new contract with the Suns is official, according to the NBA’s transaction log. It has a base value of $42MM, with an additional $2MM in unlikely incentives, Hoops Rumors has learned.

JUNE 29: Free agent forward Royce O’Neale intends to sign a four-year, $44MM contract to remain with the Suns, according to Adrian Wojnarowski of ESPN (Twitter link).

The deal won’t feature either a team or player option and will be fully guaranteed, reports Zach Lowe of ESPN (Twitter link). It will be the most lucrative contract of O’Neale’s career, topping his previous four-year, $36MM extension that’s about to expire.

The No. 19 player on our list of this year’s top 50 free agents, O’Neale has been a reliable, durable wing since entering the league in 2017, never appearing in fewer than 69 games in a season across stints in Utah, Brooklyn, and Phoenix. The Suns acquired the former Baylor standout from Brooklyn in a three-team deal at February’s trade deadline.

A versatile defender with the size to match up against bigger wings and forwards, O’Neale isn’t much of an offensive threat, having never averaged more than 8.8 points per game in a season. But he’s a solid three-point shooter, with a career rate of 38.1% from beyond the arc, and he has averaged 3.2 assists per game over the past two seasons.

Because Phoenix projects to operate over the second tax apron in 2024/25, the team would have had no means to replace O’Neale or Grayson Allen with an equivalent player in free agency, so there was an expectation that both players would be re-signed. The Suns extended Allen in April and have now reached a deal to retain O’Neale as well.

Since O’Neale was expected to receive interest on the open market from rival suitors, the belief was that Phoenix would have to go up to three or four years to beat out clubs who might offer a higher starting salary. That turned out to be the case, with the Suns making a guaranteed four-year commitment to the 31-year-old.

As cap expert Yossi Gozlan tweets, adding O’Neale’s new deal to the Suns’ books increases their projected team salary for next season to nearly $217MM. The luxury tax line is expected to come in around $171.3MM. There may be more moves to come that push the Suns’ salary in one direction or the other, but based on the current projections – and accounting for tax penalties – it would be the second-most expensive roster in NBA history, says Gozlan.

Hawks’ Saddiq Bey To Become Unrestricted Free Agent

June 29th, 2024 at 12:05pm CST by Luke Adams

The Hawks have decided against tendering forward Saddiq Bey a qualifying offer, according to ESPN’s Adrian Wojnarowski (Twitter link). The move will ensure that Bey becomes an unrestricted free agent rather than a restricted FA.

The 19th overall pick in the 2020 draft, Bey spent his first two-and-a-half seasons with the Pistons before being traded to the Hawks at the 2023 deadline. The 25-year-old has shown promise as a three-and-D wing across his four NBA seasons, averaging 14.1 points, 5.2 rebounds, and 1.8 assists in 30.2 minutes per game across 292 total outings (223 starts).

However, Bey was inconsistent in 2023/24, making a career-low 31.6% of his three-point attempts in 63 games before suffering a left ACL tear in March. Assuming a normal recovery time, that injury is likely to sideline him for a good chunk of the 2024/25 season, if not all of it.

Prior to that knee injury, Bey met the “starter criteria,” increasing the value of his potential qualifying offer from about $6.5MM to $8.49MM.

Given his ongoing injury recovery and the Hawks’ proximity to the tax line, it makes sense that the team would decide against giving Bey that QO, even if it has some interest in retaining him. In a worst-case scenario for the Hawks, he could’ve accepted his QO, earning nearly $8.5MM while spending the 2024/25 season recovering from his torn ACL, then left Atlanta as an unrestricted free agent next summer once he’s healthy.

QO Updates: Cavaliers, Pistons, Christie, Watford

June 29th, 2024 at 11:36am CST by Rory Maher

The Cavaliers have issued qualifying offers to young wings Isaac Okoro and Emoni Bates, which means they’re both heading for restricted free agency, sources tell Chris Fedor of Cleveland.com (Twitter link).

The fifth overall pick of the 2020 draft, Okoro’s QO — essentially just a one-year contract offer that gives the team the right of first refusal — is worth approximately $11.83MM. Bates’ QO, meanwhile, is for another two-way contract; he spent his 2023/24 rookie campaign on a two-way deal with Cleveland.

The Pistons announced in a press release (via Twitter) that they have extended a qualifying offer to forward Simone Fontecchio, making him a restricted free agent as well. Detroit is considered likely to retain the Italian sharpshooter, whose QO is worth about $5.2MM after he met the “starter criteria” in March.

However, the Pistons have decided not to tender QOs to former first-round picks James Wiseman and Malachi Flynn, according to Michael Scotto of HoopsHype (Twitter links). Both Wiseman and Flynn will be heading for unrestricted free agency.

The second pick of the 2020 draft, Wiseman did not meet the starter criteria, so his QO would have been worth $7.7MM. Flynn’s QO was valued at $5.8MM.

The moves were expected, as clearing the cap holds for Wiseman and Flynn will allow Detroit to create a significant amount of cap room heading into the new league season. Teams can officially begin negotiating with external free agents on Sunday evening.

Here are a couple more players who are heading for restricted free agency:

Lakers guard Max Christie was given a $2.3MM qualifying offer, Scotto reports (via Twitter). The 21-year-old has averaged 3.8 points and 2.0 rebounds while shooting 37.8% from deep over his first two NBA seasons (108 games, 13.5 minutes per contest). Scotto hears Christie is expected to receive interest from rival suitors as a RFA.
Sources tell Brian Lewis of The New York Post that the Nets plan to give Trendon Watford a QO before Saturday’s deadline (Twitter link). A former undrafted free agent who played college ball at LSU, Watford’s one-year QO is worth just over $2.7MM. He averaged 6.9 points and 3.1 rebounds on .527/.397/.794 shooting in 63 games last season for Brooklyn (13.6 minutes).

Celtics Picking Up Sam Hauser’s Option, Will Work On Extension

June 29th, 2024 at 10:54am CST by Tristan Tucker

The Celtics are picking up Sam Hauser‘s team option worth $2.1MM ahead of Saturday’s deadline, The Boston Globe’s Adam Himmelsbach reports.

The move puts Hauser on track for unrestricted free agency in 2025. The Celtics could have made him a restricted free agent this summer by declining his team option.

However, the two sides are expected to begin negotiating a contract extension when the window to do so opens on July 9, according to Himmelsbach. Hauser would remain extension-eligible for the entire 2024/25 league year if he doesn’t agree to a new deal right away.

“I will say we want Hauser to be here for a long time,” president of basketball operations Brad Stevens said this week.

Hauser became a key player for the Celtics off the bench after originally joining the team on a two-way contract in 2021. This past season, he averaged 9.0 points on 42.4% shooting from deep (5.9 attempts) in 79 regular season games. He appeared in 14 playoff games and helped the Celtics win their 18th title.

We’re tracking all of the 2024/25 team option decisions right here.

Rockets Picking Up Jae’Sean Tate’s 2024/25 Team Option

June 29th, 2024 at 10:27am CST by Tristan Tucker

The Rockets are exercising forward Jae’Sean Tate‘s team option for next season, according to ESPN’s Adrian Wojnarowski (Twitter link). Tate’s option will pay him a base salary of approximately $7.07MM in 2024/25, with $500K in likely incentives bringing his cap hit to $7.57MM.

Tate’s been productive since joining the Rockets in ’20/21, averaging 9.3 points, 4.5 rebounds and 2.2 assists in 244 games (151 starts) with the franchise. However, his minutes have decreased in each of the subsequent three seasons since he made the All-Rookie Second Team in ’20/21. Last season, he logged just 15.9 minutes per game in his 65 appearances (nine starts).

While the Rockets could just keep Tate as a serviceable and proven backup option, his expiring contract could also come in handy in trade negotiations. Houston is reportedly looking to add star-power to its roster, so being able to use Tate’s $7.6MM salary for matching purposes this offseason or ahead of the deadline makes sense.

The Rockets are also expected to exercise Jeff Green‘s $8MM team option and guarantee Jock Landale‘s $8MM salary for the same reason, as previously reported.

Heat’s Kevin Love Declining Player Option

June 29th, 2024 at 10:07am CST by Tristan Tucker

Heat forward Kevin Love is turning down his player option for next season, according to ESPN’s Adrian Wojnarowski (Twitter link). Love will become an unrestricted free agent as a result of declining that $4MM option.

Even though Love is declining his option, the two sides are enthusiastic about reaching a new deal in the opening days of free agency, Wojnarowski reports. Love has spent the past season and a half with the Heat after being bought out by the Cavaliers ahead of the 2023 trade deadline.

Love has been one of the more underrated buyout pickups of the last few years, immediately settling into a veteran leader role while averaging 8.5 points and 6.0 rebounds in 76 games with the Heat (22 starts). He was also a big part of Miami’s run to the NBA Finals in 2022/23, averaging 6.9 points and 5.6 rebounds per game while shooting 37.5% from deep (4.4 attempts) in 20 postseason appearances.

Love, 35, is a five-time NBA All-Star and former champion with the Cavaliers in ’15/16. He has played 929 games (684 starts) while holding career averages of 16.5 points and 10.1 rebounds. According to Basketball-Reference.com, Love has a 73.47% chance to be inducted into the Naismith Basketball Hall of Fame.

According to the Miami Herald’s Anthony Chiang, one option could be for Love to re-sign with the Heat at his minimum of about $3.3MM with an additional year attached (Twitter link). That would give the team some extra wiggle room under the second apron to keep some of its own free agents.