NBA Rumors - HoopsRumors.com

Heat Sign Zyon Pullin To Exhibit 10 Contract

August 5th, 2024 at 2:37pm CST by Luke Adams

Zyon Pullin has become the first player from the 2024 draft class to sign his second NBA contract, having returned to the Heat on a non-guaranteed deal. The team officially announced the signing on Monday, with Anthony Chiang of The Miami Herald reporting that it’s an Exhibit 10 agreement (Twitter links).

A 6’4″ guard out of Florida, Pullin played for UC Riverside from 2019-23 before transferring to the Gators for his super-senior year. He was an All-SEC honoree in 2023/24 after averaging 15.5 points, 4.9 assists, 3.9 rebounds, and 0.9 steals per contest in 33 games (27 starts), with a shooting line of .444/.449/.847.

Pullin quickly agreed to terms with the Heat after going undrafted in June, officially signing a two-way contract with the team on the first day of the new league year on July 1. However, he didn’t see much playing time for Miami’s Summer League squad and was waived on July 25 when the club needed to open up a roster spot to sign Summer League standout Josh Christopher to a two-way deal.

Pullin’s new deal signals that the Heat still view him as a prospect they want in their system. He could be converted back to a two-way deal anytime up until the day before the regular season if he impresses in camp, but the more likely scenario is that he’s waived and becomes an affiliate player for the Sioux Falls Skyforce, Miami’s G League team.

A player on an Exhibit 10 contract can earn a bonus worth up to $77.5K if he’s waived by his NBA team and then spends at least 60 days with his club’s G League affiliate.

Contract Details: Kennard, Fernando, Graham, Allen

August 5th, 2024 at 2:14pm CST by Luke Adams

Luke Kennard‘s new one-year contract with the Grizzlies, originally reported to be worth $11MM, actually has a base salary of just $9.25MM, Hoops Rumors has learned. Kennard can also earn an additional $1,387,500 in unlikely incentives, so his deal can max out at $10,637,500.

That disparity between the reported terms and the actual terms is important, given Memphis’ proximity to the luxury tax line. An $11MM cap hit would have put the Grizzlies over the luxury tax line by about $1MM, but because Kennard counts for just $9.25MM against the cap, the team’s salary is hovering right around $170MM, a little below the tax line ($170,814,000).

Kennard, Desmond Bane, and Brandon Clarke have unlikely contract incentives that could make Memphis a taxpayer if they’re earned. Given how close they are to the luxury tax line, I’d expect the Grizzlies to keep a close eye on each player’s progress toward his respective bonuses and make a minor cost-cutting move by February’s trade deadline if necessary — finishing the season just slightly above that tax threshold would cost the team a significant end-of-season payout that’s only available to non-taxpayers.

Here are more details on some recently signed contracts from around the NBA:

Bruno Fernando signed a one-year, minimum-salary deal with the Raptors. It’s non-guaranteed for the time being, but Fernando’s full $2,425,403 salary (and $2,087,519 cap hit) would become guaranteed if he remains under contract beyond the first day of the regular season, Hoops Rumors has learned.
Devonte’ Graham‘s one-year, non-guaranteed training camp contract with the Trail Blazers includes Exhibit 9 language, but not Exhibit 10 language, Hoops Rumors has learned. That suggests Graham probably isn’t planning to join the Rip City Remix (Portland’s G League team) as an affiliate player if he’s waived by the Blazers this fall.
Jarrett Allen‘s three-year, $90.72MM extension with the Cavaliers is a straightforward, fully guaranteed contract with no options on the final year and no trade kicker, Hoops Rumors has confirmed.

Olympic Notes: SGA, C. Jones, Wagner Brothers

August 5th, 2024 at 1:15pm CST by Arthur Hill

After helping the Thunder become championship contenders, Shai Gilgeous-Alexander is doing the same thing for Team Canada, writes Justin Martinez of The Oklahoman. The Canadians swept through tough competition in Group A and are among the favorites to win a medal as they prepare to face France in Tuesday’s quarterfinals.

It would be a significant accomplishment for Canada, which is seeking its first men’s basketball Olympic medal since winning a silver in 1936. A recent influx of NBA players, led by Gilgeous-Alexander, who finished second in this year’s MVP voting, has the country on the verge of becoming an international basketball power.

“We have a lot of talent, and we know that,” he said. “We all want to win, so we’re giving up whatever it takes to get to the final goal. … As far as Canada, we’ll be ready for whoever we see.”

They’re on different sides of the bracket, so Canada will likely face Team USA if it can advance to the gold medal game. Gilgeous-Alexander is looking forward to a possible rematch with the Americans after defeating them for the bronze medal in last year’s FIBA World Cup.

“They play to their strengths,” he said of Team USA. “They’re obviously very talented, very deep. You almost have to make no mistakes and play a perfect game when you play against them.”

There’s more from Paris:

Carlik Jones, one of the stars for South Sudan during its Olympics run, believes the nation has a bright basketball future, per Aris Barkas of Eurohoops. The former NBA guard averaged 18 points, 7.7 assists, 5.0 rebounds and 1.0 steals in three Olympic games. “It is just the beginning,” he said. “Not a lot of people expected us to be here. I do not think a lot of people expected us to compete as well as we did. And we just got to keep working. Only time will tell. I got a lot of faith in those guys. We play any of these three games over and am putting us over them any day of the week. So, I just think that we just need to keep the confidence in ourselves and keep moving forward.”
Franz Wagner and Moritz Wagner sparked Germany to a 3-0 record in pool play. Cesare Milanti of Eurohoops examines the success of the Wagner brothers, both in the NBA and in international competitions, and compares them to some other prominent brother combinations in Olympic history.
All 12 of the men’s basketball teams decided to stay outside of the Olympic Village, according to Eurohoops. The first week of competition was held in Lille, so the teams opted for locations that were closer to Bercy Arena.

Lauri Markkanen Not Expected To Sign Extension Until After August 6

August 5th, 2024 at 10:44am CST by Arthur Hill

Jazz star Lauri Markkanen appears likely to delay signing his new extension until after Tuesday so he can ensure that he won’t be traded this season, league sources tell Jake Fischer of Yahoo Sports.

Markkanen will become renegotiation-eligible on August 6, which is exactly six months before the NBA’s trade deadline. Contract renegotiations trigger a six-month moratorium on trades, so if he waits until August 7 or later to accept the new deal, Markkanen can make sure that he’ll spend the entire upcoming season with Utah. Tony Jones of The Athletic previously stated that’s likely what will happen.

Veteran extensions are limited to a 40% raise in the first year, so Markkanen would normally be looking at $25,262,362 as the starting salary in his next contract. But because the Jazz still have more than $35MM in cap room, they can renegotiate his salary for 2024/25 from $18MM up to $42,176,400 and start the extension based on that number, giving him something in the neighborhood of a max deal.

With the clock ticking on Markkanen’s extension eligibility, it appears less likely that he’ll be traded before he can sign a new deal with Utah. The Jazz have reportedly been listening to offers, but have said they aren’t actively trying to move their All-Star forward.

Sources tell Fischer that the Kings and Warriors have both tried to deal for Markkanen since the start of free agency. Sacramento made “significant progress” in negotiations before trade talks collapsed in early July, Fischer adds. Golden State has also made offers for Markkanen, but Fischer’s sources say that Utah has prioritized Brandin Podziemski or Jonathan Kuminga, who are both viewed as starters for the Warriors this season.

Fischer also hears that the Spurs have expressed interest in Markkanen ever since he was a restricted free agent back in 2021, and San Antonio had hoped to acquire Markkanen in the sign-and-trade deal that sent DeMar DeRozan to Chicago that summer. The Thunder also had interest in Markkanen at the time, Fischer adds.

Fischer points out that Utah already has a large collection of first-round picks and trade swaps, so there’s limited value in acquiring more draft assets in exchange for Markkanen, a 27-year-old who’s playing at an All-Star level and wants to stay in Salt Lake City. Fischer believes that – except for the Kings – much of the trade talk surrounding Markkanen this summer has been “preliminary at best.”

Bobby Marks and Tim MacMahon of ESPN also examine the Markkanen situation, including the prospects of a last-minute trade. Their sources indicate that the Warriors and Jazz haven’t come close to reaching a deal, with one source saying Golden State is being “very protective” of Podziemski.

Luka Samanic Signs One-Year Contract With Fenerbahce

August 5th, 2024 at 9:20am CST by Arthur Hill

Former Jazz power forward Luka Samanic has signed with Fenerbahce in Turkey, according to Eurohoops. It’s a one-year deal, and although there were discussions about adding an option, that didn’t happen, the report states.

Samanic, 24, began his career in Barcelona and later played for Petrol Olimpija before being selected by San Antonio with the 19th pick in the 2019 draft. He appeared in 36 games over two seasons with the Spurs before being waived in October of 2021.

Samanic joined the Knicks on a two-way contract, but spent the entire 2021/22 season in the G League. He signed a training camp deal with the Celtics in September of 2022, but was released before the start of the season.

He came to Utah on a 10-day deal in March of 2023 and made an immediate impact, starting four of the seven games he played and averaging 9.9 points and 4.3 rebounds per night. That earned him a contract that ran through the end of the 2023/24 season.

Samanic’s role diminished last season, as he appeared in 43 games and made seven starts. He saw just 9.4 minutes per night and his averages dipped to 4.1 points and 2.3 rebounds.

Jordan Nwora Signs With Anadolu Efes

August 5th, 2024 at 8:01am CST by Arthur Hill

Jordan Nwora, who split last season between the Pacers and Raptors, has signed with Anadolu Efes, the Turkish team announced (via Twitter). The 25-year-old small forward is headed overseas for the first time after four NBA seasons.

Nwora has been part of significant trades the past two winters. He went from the Bucks to the Pacers in the four-team trade in February 2023 that sent Kevin Durant to Phoenix, then was shipped from Indiana to Toronto in January 2024 in the Pascal Siakam deal.

Nwora saw limited time in 18 games with Indiana last season before being moved. He got a greater opportunity to play with the Raptors and responded by averaging 7.9 points, 3.4 rebounds and 1.3 assists in 34 games while logging 15.6 minutes per night. However, he wasn’t in Toronto’s long-term plans and became a free agent when his two-year contract expired at the end of last season.

Nwora was selected by Milwaukee with the 45th pick in the 2020 draft. He spent his first two and a half years with the Bucks and enjoyed his best season in 2021/22 when he appeared in 62 games and averaged 7.9 PPG.

With Anadolu Efes, Nwora will team with former NBA player Shane Larkin, who has become one of the top stars in Europe.

Olympic Notes: Rankings, Germany, Bracket, South Sudan

August 4th, 2024 at 9:02pm CST by Dana Gauruder

Who’s the biggest threat to Team USA for the gold medal? The Athletic’s Sam Amick ranks Germany No. 2 behind the Americans among the teams remaining in the tournament. The Germans won the FIBA tournament last summer and play cohesively with Dennis Schröder and Franz Wagner leading the way. Canada, Serbia and France round out Amick’s top five.

We have more Olympic-related news:

Along those lines, Team USA appears to have caught a break with the way the bracket shook out, according to The Athletic’s Joe Vardon. Germany, Canada and France are on the other side of the bracket. USA plays Brazil, which lost to Germany and France, then would face the winner of the Serbia-Australia quarterfinal.
South Sudan has been eliminated from the tournament but they gained plenty of respect this summer, Kyle Hightower of The Associated Press writes. South Sudan nearly upset Team USA in an exhibition. They also showed grit in losses to the United States and Serbia in Group play.“I’m proud of South Sudan. I’m proud of our fans. I’m proud of the continent,” federation president Luol Deng said. “We thank everybody that’s been able to help us out. This was a group effort. We showed a way of how to build the basketball going forward. And I think that the rest of the continent and the rest of the countries will follow the similar thing that we’re doing.”
Serbian coach Svetislav Petic had high praise for South Sudan following his team’s victory, Aris Barkas of Eurohoops.net relays. “They are an unusual team. They play basketball of the future,” he said. “In about 10 years, basketball will be played like this. It won’t be like ice hockey, but it will be fast. They have mental strength. It is important in addition to tactical segments. It is difficult to overcome them.”

Categories:
2024 Olympics

Central Notes: Allen, Pistons, Swider, Brown

August 4th, 2024 at 7:09pm CST by Dana Gauruder

The three-year, $91MM contract extension that Jarrett Allen signed on Friday gave the Cavaliers more flexibility if they later decide to break up the Allen-Evan Mobley frontcourt next season, according to Marc Stein in his latest Substack post.

Allen is eligible to traded on February 2 — four days before next season’s deadline. It’s believed that the veteran center was essentially obligated to sign the deal before August 6 as a condition of Cleveland extending him at the maximum amount, Stein adds. If he’d signed his new deal after Aug. 6, Allen would have been ineligible to be traded until the summer of 2025.

We have more from the Central Division:

In his Eastern Conference power rankings, Omari Sankofa II of the Detroit Free Press places the Pistons at No. 12 — ahead of the Hornets, Nets and Wizards. While Detroit endured its worst season in franchise history, it shouldn’t be the worst team in the conference next season after a series of offseason moves. Tobias Harris, Tim Hardaway Jr. and Malik Beasley should significantly upgrade the outside shooting, Sankofa notes, and Paul Reed adds depth at center. The team’s young core should continue to grow, particularly Cade Cunningham with more help around him.
Former Heat forward Cole Swider agreed to a non-guaranteed contract with the Pacers on Saturday. He could be in a competition with Kendall Brown for the 15th spot on the roster, Dustin Dopirak of the Indianapolis Star opines. Brown, who is also on a non-guaranteed deal, struggled with his perimeter shooting in the Summer League and committed 12 turnovers in five games. Swider, in contrast, played a key role in the Heat’s run to the Summer League title in Las Vegas.
In case you missed it, the Bulls reportedly haven’t halted their efforts to find a trade partners for Zach LaVine and Nikola Vucevic.

Community Shootaround: Pistons’ Offseason Moves

August 4th, 2024 at 5:34pm CST by Dana Gauruder

Troy Weaver‘s four-year stint running the Pistons was a flop but he did gift his successor, Trajan Langdon, with over $60MM in salary cap space this summer.

Detroit’s new president of basketball operations didn’t make any blockbuster deals, nor did he accumulate many future assets. Instead, Langdon mainly chose to bring in veteran help on short-team deals to make the team more competitive while easing the burden on the team’s star, Cade Cunningham.

The most significant transaction was bringing in free agent Tobias Harris on a two-year, $52MM deal. Harris, 32, wasn’t the difference-maker the Sixers hoped he would be when they signed him to a five-year, $180MM contract in 2019, but he’s a solid, durable and productive starter.

Langdon took on Tim Hardaway Jr.‘s $16.2MM salary in a trade with Dallas with three future second-rounders attached as sweeteners. Free agent Malik Beasley was signed to a one-year, $6MM deal and restricted free agent Simone Fontecchio was brought back on a two-year, $16MM contract.

That quartet should dramatically improve the team’s woeful perimeter shooting while tapping into Cunningham’s play-making ability. They’ll also greatly boost the professionalism for a team that endured the worst season in franchise history. It’s quite possible some of the veterans will be flipped for assets during the season.

Detroit also claimed big man Paul Reed off waivers, though his contract doesn’t become full guaranteed until midseason.

The other major move, unrelated to the cap, was firing Monty Williams and hiring J.B. Bickerstaff as head coach. Bickerstaff was eager to get another coaching job after getting fired by the Cavaliers. Williams had to be coaxed by owner Tom Gores into coaching last season via a lucrative six-year contract. Gores was willing to eat the remaining years on Williams’ contract in order to give Langdon and the organization a fresh start.

The Pistons only have 13 players on guaranteed deals and still have around $10.2MM in cap space, so it seems likely Langdon will make another free agent move or trade before training camp.

Langdon swung for the fences in the lottery, choosing Ron Holland with the fifth overall pick, which many experts considered a reach. The Pistons front office hopes Holland, who played well in the Las Vegas Summer League, can develop his offensive game to match his physical skills.

That brings us to our topic of the day: How do you view the Pistons’ offseason? Should they have made a bigger splash or added more assets? Or was Langdon wise to use his cap room to bring in veteran players on short-term deals?

Please take to the comments section to weigh on this topic. We look forward to your input.

Team USA Notes: Puerto Rico Game, Brazil, Durant, LeBron

August 4th, 2024 at 3:55pm CST by Alex Kirschenbaum

The star-studded Team USA men’s basketball program bested Pelicans point guard Jose Alvarado and the rest of Team Puerto Rico 104-83 in their final game of Olympic pool play, per Brian Windhorst of ESPN.

“I never thought I would come to a city like this,” Suns All-Star Kevin Durant said after the win. “But Lille was incredible to us. I love being here.”

Durant has emerged as a critical bench scorer for the program. He is hoping to earn his fourth gold medal, which would be a new men’s basketball record.

When asked about the prospect of retirement, Durant’s 39-year-old returning teammate LeBron James seemed noncommittal. The 6’9″ Lakers All-Star is averaging 14.3 points, 6.7 rebounds and 7.3 assists for Team USA thus far.

“I don’t get asked that much, to be honest,” James said. “Everyone expects me to play 10 more years for some odd reason.”

There’s more from Team USA:

With the quarterfinal round of the Olympics set, the U.S. is not taking its Tuesday opponent, Brazil, for granted, Windhorst writes in another ESPN story. “They’re very physical,” Team USA head coach Steve Kerr said Sunday. “They’ve got a lot of really good shooters, and they just play hard. They compete play after play, so we’ll have to be ready for their physicality and their shooting, and we need to be on edge and ready for them because they’re not going to back down.” Windhorst notes that Warriors forward Gui Santos is the only current NBA player on Brazil’s roster, but the team boasts six others who previously played in the league: Marcelinho Huertas, Didi Louzada, Raul Neto, Bruno Caboclo, Maozinha Pereira, and Cristiano Felicio.
Kerr does not plan to change Durant’s current bench role despite his productivity, he stated in an ESPN interview (YouTube video link). “If Kevin had been here from day one, chances are he would be starting,” Kerr said. “That was the plan coming in. But given that he missed all our friendlies and came in late, we had kind of established a lineup that we liked… There’s no plans on changing [his current role].”
Kerr once again went out of his way to praise James, writes Aris Barkas of Eurohoops. “It’s just amazing to watch him,” Kerr said. “He loves the game so much. He loves the work. He loves his teammates. There’s an energy and a joy to LeBron that just sort of spreads through the locker room and so he’s obviously one of the very best all-time players but it’s it goes so far beyond one thing. It’s just everything, the whole package, he’s just brilliant.” James has emerged as the de facto leader for Team USA, as he plays for his fourth Olympic medal and third gold.