NBA Rumors - HoopsRumors.com

Russell Westbrook Gave Up $1.7MM In Buyout Agreement With Jazz

July 23rd, 2024 at 7:01am CST by Luke Adams

As part of a buyout agreement with the Jazz, veteran guard Russell Westbrook gave up exactly $1.7MM, according to Keith Smith of Spotrac (Twitter link). Utah waived Westbrook on Saturday.

The buyout reduces Westbrook’s cap hit on Utah’s books from $4,027,525 to $2,327,525, giving the team a little extra salary cap flexibility. No team currently has more cap space than the Jazz, who still have about $33MM in available room.

The Jazz also reportedly received $4.3MM in cash from the Clippers in their trade for Westbrook, so despite being on the hook for about $2.33MM of the guard’s salary, they’ll come out nearly $2MM ahead from a financial perspective.

Westbrook will also come out ahead, since he’s reportedly on track to sign a minimum-salary contract with the Nuggets. That deal with Denver will pay him $3,303,771, increasing his total earnings for the 2024/25 season to $5,631,296, exceeding what he would have made if he had remained on his original $4.03MM contract.

As for the Clippers, they presumably could’ve reached a similar buyout agreement with Westbrook, but trading him to Utah allowed them to give Kris Dunn a more lucrative contract than they otherwise would’ve been able to. Using Westbrook’s $4MM+ outgoing salary for matching purposes, L.A. acquired Dunn via sign-and-trade, giving him a starting salary of $5,168,000 on his new three-year deal.

Westbrook is on track to serve as Jamal Murray‘s primary backup and play a significant role in Denver this season. Nikola Jokic reportedly advocated for the addition of the former MVP.

Pelicans Sign Antonio Reeves To Three-Year Deal

July 23rd, 2024 at 4:13am CST by Dana Gauruder

JULY 23: Reeves’ deal is official, according to the NBA’s transaction log.

JULY 22: The Pelicans and second-round pick Antonio Reeves have agreed on a three-year, $5.41MM contract, Michael Scotto of HoopsHype tweets. The third year is a team option.

New Orleans likely used the second-round pick exception to sign Reeves at the minimum-salary level. A three-year rookie minimum deal this season is worth $5,408,801.

Reeves averaged 11.8 points, 2.4 rebounds, 1.6 assists and 1.0 steals per game in five appearances for the Pelicans’ Summer League team in Las Vegas.

Reeves was the No. 47 overall pick and was dealt by Orlando to New Orleans in a draft-night trade. The Magic acquired second-round pick swaps in 2030 and 2031 in the deal.

Adding Reeves puts the Pelicans at 14 standard contracts if Matt Ryan, whose deal becomes guaranteed on opening night, is included in that total, Christian Clark of the New Orleans Times-Picayune tweets.

A Chicago native who spent his first three college seasons at Illinois State, Reeves transferred to Kentucky in 2022 and spent his final two seasons with the Wildcats.

Reeves could emerge as an offensive spark-plug. The 6’4″ guard had a very efficient offensive season in 2023/24, averaging 20.2 points and 4.2 rebounds on .512/.447/.863 shooting in 33 games (31.4 MPG).

Team USA Notes: Durant, James, Embiid, Holiday

July 22nd, 2024 at 10:44pm CST by Dana Gauruder

Kevin Durant didn’t participate in any of Team USA’s exhibition games due to a right calf strain. Regardless, his spot on the 12-man roster is not in jeopardy as the team heads to Paris for the Olympics, according to Brian Windhorst of ESPN.

“There’s no thought of replacing Kevin,” coach Steve Kerr said. “I was hoping he would get a game in here, but it just didn’t work out that way.”

The current plan for Durant is to practice with the team several times when it gets to France later this week. Kerr said he wants Durant to have some contact and go through a scrimmage before the Suns superstar suits up. His availability for Sunday’s pool play opener against Serbia is uncertain but Durant practiced last week and ramped up his activity level over the weekend.

We have more on Team USA:

After its stunning close call against South Sudan, Team USA had another tough challenge in its exhibition finale against Germany on Monday. LeBron James came to the rescue, supplying 20 points, six rebounds and four assists. He made several clutch plays and baskets down the stretch of a 92-88 win, scoring the team’s last 11 points. “Just putting the team on his shoulders,” said Jrue Holiday, per Windhorst.
Joel Embiid had his best exhibition outing on Monday, as he contributed 15 points, eight rebounds and five assists. “People who watch me know that every season it takes me a couple of games to get going, and this is no different,” Embiid said. “That’s the reason we’ve got preseason games. I feel like myself and I’m going to keep going and I’m going to be playing at that MVP level I’ve played for the last five or six seasons.”
Holiday is appearing in his second straight Olympics. He had 10 points, six rebounds and four assists on Monday. “Plug into the gaps where I can,” Holiday told Mark Medina of Sportskeeda.com, explaining how he expects to contribute. “Knowing that because of the caliber of the team that we have, the minutes might not be there. Or we might not even play in some games. Whenever you get the chance to shoot, you might just get one or two shots. I feel like somebody like me, it’s not about the shots. It’s about going out there and experiencing the game and doing the things that is a little bit of the dirty work. You can impact the game without scoring. I’d like to think I’ve always been that type of player.”

Pistons Add Gianluca Pascucci To Front Office

July 22nd, 2024 at 9:15pm CST by Dana Gauruder

Gianluca Pascucci has joined the Pistons front office, according to Michael Scotto of HoopsHype (Twitter link).

Pascucci spent last season as a Bulls scout after a stint as assistant GM with the Timberwolves. He left Minnesota in May 2022 after the organization decided not to pick up its option on his contract.

Pistons first-year president of basketball operations Trajan Langdon previously worked with Pascucci in the Nets’ front office.

Pascucci joins several other hires this summer in Detroit’s revamped front office. Former Mavericks executive Dennis Lindsey was brought in to be their senior VP of basketball operations and former Pelicans executive Michael Blackstone was added as an executive VP of basketball operations.

They also hired former Nets director of player personnel J.R. Holden in an executive role.

Western Notes: Sengun, Dunn, Westbrook, Pelicans, Bassey

July 22nd, 2024 at 8:06pm CST by Dana Gauruder

Alperen Sengun would like to sign a rookie scale extension this offseason but he admits he may have to wait until next offseason, Eurohoops relays. The Rockets center was asked about his contract situation during a “Sunday Chat with Fatih Altayli” broadcast.

“We are waiting. My managers are negotiating with them,” he said. “I don’t become a free agent next year. This year, teams can’t make offers to me. Next year, other teams can make offers.”

Sengun would become a restricted free agent next summer if he doesn’t reach an extension agreement this offseason. There has been speculation that the Rockets might follow the Sixers’ approach to this offseason, where they delayed a max extension with Tyrese Maxey until this summer in order to open up as much cap space as possible to pursue top free agents.

Sengun, who finished third in the Most Improved Player balloting, would rather get long-term security sooner than later.

“Right now, they don’t have to sign, but of course, I want to sign. Because then your mind is at ease. You secure your future,” Sengun said.

We have more from the Western Conference:

The Clippers signed Kris Dunn to a three-year, $16,279,200 contract which is non-guaranteed in the final year, Michael Scotto of HoopsHype tweets. The third year can become fully guaranteed if Dunn is named to the All-Defensive First or Second Team during either the 2024/25 or 2025/26 season — if he doesn’t earn All-Defensive honors, his guarantee date for the third-year salary would be June 30, 2026. Los Angeles acquired Dunn in a sign-and-trade with Utah.
The Nuggets shouldn’t put Russell Westbrook in the starting lineup to fill Kentavious Caldwell-Pope‘s spot, Sean Keeler of the Denver Post opines. Westbrook is joining Denver after clearing waivers on Monday. Westbrook would be better off anchoring a mostly youthful second unit, providing leadership and a change of pace. He’d be a better backup at the point than Reggie Jackson – who was dealt to Charlotte – was last season, Keeler adds. Westbrook would still get chances to start if and when Murray is unavailable.
Assuming Brandon Ingram doesn’t get traded, what does the Pelicans’ depth chart look like? Christian Clark of the New Orleans Times-Picayune explores that topic, projecting a starting five of Dejounte Murray, Herbert Jones, Ingram, Zion Williamson and Daniel Theis. That would leave Jose Alvarado, Trey Murphy, Yves Missi, and – most notably – CJ McCollum as the top reserves.
Spurs center Charles Bassey gave up his right to veto a trade during the 2024/25 league year, Hoops Rumors has learned. A player who re-signs with his previous team on a one-year contract (or a two-year deal with a second-year option) is typically given a de facto no-trade clause for the season, but that right can be waived as part of a contract agreement.

Nets’ Jalen Wilson Named Summer League MVP

July 22nd, 2024 at 6:39pm CST by Dana Gauruder

Nets forward Jalen Wilson has been named the Most Valuable Player of the NBA’s Las Vegas Summer League, the league’s communications department tweets.

Wilson averaged 21.8 points, 4.6 rebounds, 1.0 assists and 0.6 steals while shooting 47.3% from the field and 55.0% from 3-point range in five games in Vegas.

His performances should solidify his spot on the team’s roster this upcoming season. The 23-year-old has a $1.89MM minimum-salary contract for 2024/25 that is currently just partially guaranteed for $75K. It increases to a partial guarantee of $325K if he makes the opening night roster.

Oddly, Wilson was only named to the All-Summer League Second Team. The First Team included the Grizzlies‘ GG Jackson II and Scotty Pippen Jr,, the Clippers‘ Jordan Miller, the Rockets‘ Reed Sheppard and the Heat‘s Kel’el Ware.

The Grizzlies and Heat reached the Summer League championship game. Sheppard, the No. 3 pick in last month’s draft, averaged 20.0 points, 5.3 assists, 4.8 rebounds and 2.8 steals in four Las Vegas outings.

Along with Wilson, the Second Team included the Wizards‘ Carlton Carrington, the Trail Blazers‘ Donovan Clingan, the Heat‘s Jaime Jaquez Jr. and the Pacers‘ Jarace Walker (Twitter links).

Cavaliers Sign Evan Mobley To Five-Year Max Extension

July 22nd, 2024 at 6:22pm CST by Arthur Hill

JULY 22: The signing is official, the team announced in a press release.

“We are thrilled to sign Evan to a long-term extension, solidifying his place as a cornerstone of our franchise,” team president Koby Altman said. “Evan has quickly established himself as one of the premier defensive players in the league, and we’ve only scratched the surface of his overall potential. Since drafting him, he only knows winning basketball and has proven to be pivotal to our team’s success. His exceptional work ethic, versatility, and commitment to excellence both on and off the court truly embody what it means to be a Cleveland Cavalier.

“We believe Evan’s best basketball is still ahead of him, and we couldn’t be more excited to continue building something special together for many years to come.”

JULY 20: Evan Mobley has agreed to a five-year, maximum-salary rookie scale extension with the Cavaliers, agents Joe Smith and Thad Foucher of Wasserman Basketball tell ESPN’s Adrian Wojnarowski (Twitter link). The deal includes $224MM in guaranteed money and contains Rose rule language that gives it the potential to be worth up to $269MM, Wojnarowski adds.

The extension will begin with a projected $38,661,750 salary for the 2025/26 season, according to Yossi Gozlan (Twitter link). Mobley’s salary will increase to $41,754,690, $44,847,630, $47,940,570 and $51,033,510 over the following four years while his percentage of the cap declines from 25% at the start to 22.5% in 2029/30.

Gozlan notes that the Cavaliers project to be over the tax threshold for 2025/26, but aren’t currently in danger of crossing into second apron territory.

Mobley has become one of the franchise cornerstones in Cleveland since being selected with the third pick in the 2021 draft. Although injuries limited him to 50 games last season, he scored 15.7 PPG and set career highs by averaging 9.4 rebounds and 3.2 assists while shooting 58% from the field and 37.3% from three-point range.

Mobley will earn $11.2MM for the upcoming season in the final year of his rookie deal.

It’s the second significant signing of the summer for the Cavs, who inked Donovan Mitchell to a three-year extension earlier this month. Cleveland now has about $125MM committed to Mobley, Mitchell and Darius Garland for the 2025/26 season, notes Bobby Marks of ESPN (Twitter link).

Mobley becomes the fourth member of the 2021 draft class to receive a max extension, following Toronto’s Scottie Barnes, Detroit’s Cade Cunningham and Orlando’s Franz Wagner. Teams can sign their 2021 first-round picks to extensions until the day before the start of the regular season. The full list of players eligible for rookie scale deals can be found here.

Heat, Grizzlies To Meet For Las Vegas Summer League Title

July 22nd, 2024 at 4:01pm CST by Arthur Hill

Summer League action will come to an end on Monday night as the Heat and Grizzlies battle for the championship in Las Vegas. Both teams have compiled 5-0 records in Vegas, and both reached the finals with narrow wins on Sunday.

Miami edged the Warriors, 102-99, using a late 27-11 run to erase a 10-point third quarter deficit, writes Anthony Chiang of The Miami Herald. The victory avenged a 39-point loss to Golden State in the California Classic.

“We always want to win,” said Heat Summer League head coach Dan Bisaccio. “So no matter what, when we have an opportunity to win a championship, of course we’re going for it. It doesn’t matter if it’s Summer League, it doesn’t matter if it’s some kind of spring ball. Whatever it is, we’re always going to want an opportunity to compete for a championship.”

Free agent guard Josh Christopher had 23 points to lead Miami, with 13 of those coming in the fourth quarter. First-round pick Kel’el Ware contributed 18 points and five rebounds, while second-rounder Pelle Larsson filled the stat sheet with 21 points, four rebounds, six assists and four steals.

The shorthanded Grizzlies were missing Jake LaRavia, Cam Spencer and Zach Edey due to injuries, but they were able to edge the Clippers, 99-98, per Josh Crawford of The Memphis Commercial Appeal. Second-round pick Jaylen Wells was 6-of-7 from three-point range while scoring 20 points, and 2023 second-rounder GG Jackson also had 20 points. Scotty Pippen Jr., who joined Memphis on a two-way deal in January, posted a triple-double with 23 points, 10 rebounds and 10 assists.

LaRavia was held out of Sunday’s game due to lingering knee soreness, Crawford adds, while Spencer and Edey were both inactive after leaving Thursday’s contest with minor injuries. None of them are expected to play tonight, tweets Ira Winderman of The Sun-Sentinel.

Memphis will be trying to win its first Las Vegas Summer League title since 2019 when Ja Morant and Brandon Clarke were rookies. This is the first appearance in the Summer League title game for Miami.

TNT Sports Submits Matching Paperwork To NBA

July 22nd, 2024 at 3:09pm CST by Luke Adams

TNT Sports issued a statement today confirming that it is making an effort to retain its NBA rights beyond the 2024/25 season by exercising its matching rights (Twitter link). A previous report indicated that Warner Bros. Discovery (TNT’s parent company) intended to match the media rights package that Amazon had negotiated with the league.

“We’re proud of how we have delivered for basketball fans by providing best-in-class coverage throughout our four-decade partnership with the NBA,” TNT’s statement reads. “In an effort to continue our long-standing partnership, during both exclusive and non-exclusive negotiation periods, we acted in good faith to present strong bids that were fair to both parties.

“Regrettably, the league notified us of its intention to accept other offers for the games in our current rights package, leaving us to proceed under the matching rights provision, which is an integral part of our current agreement and the rights we have paid for under it.

“We have reviewed the offers and matched one of them. This will allow fans to keep enjoying our unparalleled coverage, including the best live game productions in the industry and our iconic studio shows and talent, while building on our proven 40-year commitment for many more years.

“Our matching paperwork was submitted to the league today. We look forward to the NBA executing our new contract.”

Despite the confident tone of TNT’s statement, this process won’t be as simple as an NBA team matching an offer sheet on a restricted free agent in order to retain the player.

The league is expected to argue that Warner Bros. Discovery can’t simply match Amazon’s offer due to the differences in the two companies’ distribution methods. Amazon is a streaming giant, whereas TNT is a cable network. While WBD does have a streaming service of its own, that service (Max) reportedly has about half of the subscribers that Amazon Prime Video does.

Amazon’s package of games also isn’t the same as the one TNT is losing. It reportedly includes playoff contests, including one conference final every other year. It also features the in-season tournament (NBA Cup), as well as regular season games on Thursdays, Fridays, and Saturdays. It’s reportedly worth $1.8 billion annually.

There has been speculation that TNT’s decision to match could lead to a lawsuit, a financial settlement for WBD, or possibly a newly negotiated fourth broadcast package.

Amazon is one of the three broadcast partners with whom the NBA negotiated a new media rights deal. The other two are Disney (ESPN/ABC) and NBC. The new deals will begin at the start of the 2025/26 season.

Sixers Sign Jeff Dowtin To Two-Way Contract

July 22nd, 2024 at 2:37pm CST by Dana Gauruder

JULY 22: The signing is official, according to a press release from the Sixers.

JULY 21: The Sixers are bringing back Jeff Dowtin on a two-way contract, The Athletic’s Shams Charania tweets.

Dowtin finished last season with Philadelphia but the Sixers declined their 2024/25 option on the reserve point guard in order to open up as much cap space as possible.

Dowtin started off the 2023/24 season with Philadelphia’s NBAGL team, the Delaware Blue Coats, before inking a two-way deal with the Sixers. In April, that contract was converted to a standard agreement for the rest of the season, with a second-year team option.

Dowtin appeared in 12 regular season games for the Sixers, averaging 4.3 points and 2.3 assists in 11.8 minutes per contest. In 20 G League games, he averaged 19.0 PPG and 5.3 APG in 32.4 MPG.

Overall, Dowtin has played in 46 NBA games during his career.

After going undrafted out of Rhode Island in 2020, Dowtin spent the 2020/21 season with the Lakeland Magic, Orlando’s G League affiliate. The 6’3″ point guard has since logged time with the Warriors, Bucks, and Raptors, often on either 10-day contracts or two-way deals that have seen him split his time with each team’s G League affiliate club.

Philadelphia already has wing Justin Edwards on a two-way deal and reportedly will also add forward David Jones on a similar contract. Dowtin would fill the third two-way slot.