Thunder Trade Josh Giddey To Bulls For Alex Caruso

The Thunder have officially traded Josh Giddey to the Bulls for Alex Caruso, the two teams confirmed in press releases. Our full trade breakdown from Thursday can be found here.

While Chicago’s statement doesn’t have any quotes from the front office, Thunder head of basketball operations Sam Presti was remarkably transparent, at least from his perspective, about how and why the trade transpired.

We want to thank Josh for his many contributions to our team and know he will capitalize on the opportunities before him in Chicago.

When we drafted Josh in 2021 he was an essential aspect of our vision for the next iteration of the Thunder. Since then, our team has evolved rapidly and dynamically in ways we could never have anticipated. Therefore, as we began our internal discussions this offseason, it was determined that bringing Josh off the bench next season was our best option to maximize his many talents and deploy our team more efficiently over 48 minutes.

As we laid out to Josh how he could lean into his strengths and ultimately optimize our current roster and talent, it was hard to for him to envision, and conversations turned to him inquiring about potential opportunities elsewhere. As always was the case, Josh demonstrated the utmost professionalism throughout the discussions. Josh has All-Star potential, but accessing that in the current construct of the Thunder would not be optimal for the collective. Based on these discussions we decided to move forward and prioritize what was best for the organization.

Alex Caruso is a player we have always highly valued and followed. He is the quintessential Thunder player; he is an exceptional competitor and teammate with a multi-dimensional skillset. His presence and game will help elevate the core of our team as we continue to strive to build a sustainably elite program in Oklahoma City. Alex is a player that began his professional career with the Thunder/Blue and the opportunity to add him was something we felt would truly enhance our team and culture. We could not be more excited to see Alex in Thunder blue (again).”

A former sixth overall pick who is still only 21 years old, Giddey was brought off the bench for the first time in his career during the Thunder’s second-round series vs. Dallas due to shooting and defensive struggles. The Australian guard/forward, who is a very talented rebounder and passer, will be a restricted free agent next summer if he doesn’t sign a rookie scale extension with Chicago this offseason.

Caruso, meanwhile, has become one of the NBA’s best perimeter defenders, earning All-Defensive team nods each of the past two seasons. He’s also a more accomplished shooter than Giddey, with superior accuracy (38.0% vs. 31.0%) from three-point range during his career. The 30-year-old is headed for unrestricted free agency in 2025 if he doesn’t sign an extension before the 2024/25 campaign ends.

Magic’s Interest In Klay Thompson Overstated?

Veteran swingman Klay Thompson will be eligible for unrestricted free agency on June 30, and he reportedly plans to test his value on the open market. The question is, which team (or teams) will pursue him?

At this juncture, I am starting to be skeptical — outside of the Philly backup option plan for (Thompson) — there’s really much of a market out there,” Jake Fischer of Yahoo Sports said on the No Cap Room podcast (YouTube link). “The Orlando stuff, I’m not so certain about. (There’s) definite word that the Magic are only going to be willing to offer a two-year balloon payment bigger than what they did for Joe Ingles last year.”

Ingles received a two-year, $22MM contract from Orlando last summer, but only the first season was guaranteed — the Magic hold an $11MM team option on his deal for 2024/25.

Thompson reportedly turned down a two-year, $48MM extension from the Warriors before the ’23/24 season began. Fischer expressed some skepticism that the Magic, who could have about $50MM in cap room, would be willing to offer the 34-year-old a deal in that range.

Shams Charania and Anthony Slater of The Athletic have reported that while the Warriors would like to bring Thompson back, they also haven’t exactly been “beating down his door” to sign him to a new contract. That strongly suggests Golden State doesn’t view Thompson as its top priority this summer, which is understandable given how injuries have impacted his game.

One report earlier this week stated that Thompson was looking for a deal that covers a minimum of three years. Unless he’s willing to take less money for more long-term security, a three-year contract might be difficult to come by.

For what it’s worth, the Sixers‘ interest pursuing Paul George has “significantly waned,” perhaps opening a door for Thompson. The Thunder have also been floated as a cap-room contender that could be a fit, though it’s unclear if there’s real interest there from either side.

2024 NBA Offseason Preview: Oklahoma City Thunder

After going 22-50 in 2020/21 and 24-58 in ’21/22, the Thunder took a major step forward in their rebuild in ’22/23, finishing 40-42, good for the No. 10 seed in the West. Oklahoma City won its first play-in game that season over New Orleans, but the team was eliminated from postseason contention by Minnesota, which advanced as last season’s No. 8 seed.

A year-over-year increase of 16 wins is pretty rare in the NBA. Yet in 2023/24, the Thunder actually surpassed that total, winning an additional 17 games and finishing 57-25 (they had the same record as Denver but claimed the West’s top seed due to a head-to-head tiebreaker). Oklahoma City finished the regular season third in offensive rating and fourth in defense, for an overall net rating of +7.3, which only trailed the Celtics (+11.7).

In their first playoff run with their young core, the Thunder quickly dispatched the Pelicans in a first-round sweep before falling to the Mavericks in a six-game second-round series. While the outcome was obviously disappointing, it was a competitive series — the two teams scored the exact same number of points. Dallas went on to make the NBA Finals, losing to Boston in five games.

Oklahoma City’s ascent from a rising young team to a legitimate contender was very rapid, spearheaded by the emergence of Shai Gilgeous-Alexander as a MVP candidate — he finished third in the 2024 balloting. Second-year wing Jalen Williams and center Chet Holmgren, who just finished his rookie campaign but has technically been under contract for two years, round out the Thunder’s formidable (and very young) big three.

With Gilgeous-Alexander as the team’s primary ball-handler and Williams a frequent secondary creator, Josh Giddey became expendable. The Mavs dared Giddey to shoot in their second-round series and he struggled defensively as well, later admitting his confidence took a hit. Reigning Coach of the Year Mark Daigneault ultimately moved the former sixth overall pick to the bench, but even before the playoffs, Giddey’s fit going forward was a major question mark.

The Thunder are trading Giddey to the Bulls in a one-for-one swap for defensive stalwart Alex Caruso, according to ESPN’s Adrian Wojnarowski. OKC had its sights set on the 30-year-old for a while and the team reportedly views him as a long-term fit. Caruso is on an expiring contract but will be extension-eligible during the season, whereas Giddey will be restricted next year if he doesn’t sign a rookie scale extension with Chicago this offseason.

It’s worth noting that Caruso has ties to the Thunder, having played for Daigneault while the two were with the Blue — OKC’s NBA G League affiliate — several years ago. Caruso also publicly praised Daigneault back in November.

The move made a lot of sense, as Caruso doesn’t need the ball to be effective and is in a different league as a defender compared to Giddey. He’s also a much better shooter, having made 40.8% of his 4.7 three-point attempts in 2023/24, versus 33.7% (a career-high) on 3.0 attempts for Giddey.

President of basketball operations Sam Presti has been hoarding draft picks for years, so Oklahoma City has plenty of non-player assets to dangle in additional trade talks. The Thunder also project to have $33MM+ in cap room this summer, putting the team in a unique position as a contender who can be a major player in free agency.


The Thunder’s Offseason Plan

The Thunder have Gilgeous-Alexander, three-and-D wing Luguentz Dort, and last year’s 10th pick, Cason Wallace, under team control for at least the next three seasons. The same is true of Kenrich Williams, though his future with OKC seems a little uncertain after his role was reduced this past season. Still, Williams’ contract is relatively team-friendly and he would likely appeal to rival teams if he were made available.

The 2026 offseason is an important one to keep in mind for OKC, as that’s when Holmgren and Jalen Williams will have completed the fourth and final seasons of their rookie scale contracts and will be up for new deals. Based on how they played this past season and factoring in projected growth, it wouldn’t at all be surprising if they both received maximum-salary contracts in the future, whether that comes via extensions in the 2025 offseason or as restricted free agents in 2026.

That means the Thunder have a two-year window to take advantage of their financial flexibility, since it may be the last period in which they’ll have a significant amount of room available for quite some time. The Thunder don’t have to commit long-term money this summer if they don’t want to though — they could preserve flexibility for 2025 by “overpaying” a player or two on short-term deals, similar to what happened with Indiana and Bruce Brown last offseason.

The Pacers gave Brown a two-year, $45MM contract which only features one fully guaranteed season (the second is a team option). They later used him as salary-matching ballast in the trade to acquire Pascal Siakam from the Raptors (Toronto is expected to exercise its $23MM option on Brown and will reportedly look to trade him).

That type of contract structure could be appealing to the Thunder if they want to hedge their bets. The players they sign could be used as salary-matching pieces if the right opportunities present themselves while also (hopefully) being positive contributors for OKC.

Isaiah Hartenstein has been mentioned as a possible free agent target, and he only has Early Bird rights, which means the Knicks are limited to offering him a four-year, $72.5MM deal. One rumor suggested the Thunder might be willing to offer Hartenstein a short-term deal — perhaps two years — with a high salary. Would that appeal to Hartenstein?

Fred Katz of The Athletic recently reported the 26-year-old big man is looking for “long-term security, not high-risk, high-reward instability,” so a deal with just one or two guaranteed years may be a tough sell. If they wanted to, the Thunder could easily offer Hartenstein a three-year deal that matches or exceeds New York’s total, allowing him to hit free agency a year earlier while joining a great team.

Hartenstein would bring a different dynamic to the Thunder as a more “traditional” big man. While I place a high value on the 26-year-old’s game, I don’t necessarily love his fit with Oklahoma City. The main reason for that is the Thunder run a “five-out” offense predicated on everyone being able to handle the ball, pass and shoot. That spacing creates driving lanes for Gilgeous-Alexander and Jalen Williams, and is part of what makes Holmgren so effective as a center. Hartenstein makes good on-ball decisions and is a plus passer for a big man, but he’s essentially a non-shooter.

Of course, that’s just a cursory glance at his potential fit. Hartenstein is also an excellent screener and an unselfish ball mover — a fairly atypical combination for a big man. When they’re at their best, the Thunder are frequently moving, setting screens and back-cutting toward the basket on the weak side. That would seemingly pair well with Hartenstein.

Hartenstein had an excellent all-around season by traditional measures and by advanced statistics. For instance, when he was on the court during the regular season, the Knicks had the equivalent of the NBA’s third-best offense and second-best defense (they were slightly negative when he didn’t play). He ranked seventh in the league in defensive FG% at the rim, ahead of Victor Wembanyama, Brook Lopez and Anthony Davis. He would also improve the Thunder’s rebounding at both ends of the court.

The Thunder’s biggest weakness during the 2023/24 season was on the boards, ranking just 27th in the league in rebounds per game and 28th in rebounding percentage. That weakness was exploited by Dallas in the postseason, particularly on the offensive glass, where the Thunder struggled to limit second-chance opportunities.

The main issue with potentially signing Hartenstein is that I think Holmgren is clearly a center, not a power forward. How many minutes would Hartenstein realistically play? I suppose OKC could attempt to pair them at times, since they can both pass and Holmgren can space the floor, but the fit might be awkward.

Holmgren is a fearsome paint protector in his own right, ranking just ahead of Hartenstein in DFG% at the rim. He’s also a more dynamic offensive player due to his three-level scoring.

I’m just not sold on paying Hartenstein a high salary to be a backup, and that’s what he’d be on the Thunder. I’m also not sure his trade value would be positive if he were making $20MM+ annually and didn’t have a starting role.

I do like the idea of the Thunder going after a big man like Wendell Carter, who has shot 36.4% from three-point range on 3.5 attempts per game over the past two seasons. He would provide more bulk off the bench while preserving the team’s ability to space the floor. The Magic center, who is still just 25, makes $22.8MM over the next two seasons.

Before they traded for Caruso, the Thunder were also linked to his Bulls teammate, Patrick Williams. When healthy and playing his best, Williams fits the mold of a three-and-D player with athletic tools and some on-ball upside. However, he’s a restricted free agent — Chicago can theoretically match any offer sheet he receives — and he has also missed significant time due to injuries in two of the past three seasons.

At the very least, the Thunder have to hit the salary floor. They will have to use their cap room in some fashion. If it’s not Hartenstein or Williams, it will need to be someone else.

If preserving flexibility is the top priority, I don’t hate the idea of the Thunder signing someone like Tobias Harris to a short-term deal. Klay Thompson is another name to keep an eye on for a front-loaded contract, though I don’t love his fit at this point in his career due to his defensive limitations.

A high-IQ veteran like Nicolas Batum would make sense as forward with some size and versatility. Ditto for Kyle Anderson, though he’s a very methodical and inconsistent shooter.

A floor-spacing big man like Jalen Smith could be attainable for some of the room exception. Goga Bitadze or Andre Drummond would likely be cheaper options at backup center, but neither is a threat to shoot from behind the arc.

As for the No. 12 pick, the Thunder have typically taken a “best player available” approach. With their draft arsenal, they could move up, down, or out of the draft; none of those scenarios would be surprising.

Technically, the Thunder could create enough cap room to sign certain players to a maximum-salary contract if they trade Kenrich Williams and Ousmane Dieng or the No. 12 pick. OG Anunoby, for example, would work in that scenario — I think he’d be a great fit, but it would be a high-risk, high-reward move given his lengthy injury history.

While Oklahoma City doesn’t have any major free agents this summer, the team does have three role players with non-guaranteed team options in Lindy Waters, Isaiah Joe and Aaron Wiggins. There’s no reason to believe Joe and Wiggins won’t be back, either on their inexpensive team options or on new contracts that give them a raise. But Waters’ position is more tenuous after he bounced between two-way and standard deals for the past two years. Backup big man Jaylin Williams also has a non-guaranteed contract for 2024/25 — I expect him to return as well.

The Thunder could be a major player for any star that becomes available in the future. They have the draft assets to top just about any team’s offers. While it’s true they have a two-season window to take advantage of their cap flexibility, they also need to pick their supporting cast wisely, and there’s nothing wrong with waiting until the trade deadline — or even until next season — if further opportunities to improve the rotation don’t materialize this summer.


Salary Cap Situation

Guaranteed Salary

Non-Guaranteed Salary

  • Alex Caruso ($6,890,000)
    • Partial guarantee. Rest of salary noted above. Caruso’s salary will become guaranteed if he remains under contract through June 30.
  • Jaylin Williams ($2,019,699)
  • Adam Flagler (two-way)
  • Total: $8,909,699

Dead/Retained Salary

Player Options

  • None

Team Options

Restricted Free Agents

  • None

Two-Way Free Agents

Note: Because he has finished each of the past two seasons on a two-way contract with the Thunder, Sarr’s qualifying offer would be worth his minimum salary (projected to be $2,168,944). It would include a small partial guarantee.

Draft Picks

  • No. 12 overall pick ($4,950,480 cap hold)
  • Total (cap holds): $4,950,480

Extension-Eligible Players

  • Alex Caruso (veteran)
    • Years and dollars will be limited until six months after the trade.
  • Shai Gilgeous-Alexander (veteran)
  • Gordon Hayward (veteran)
    • Extension-eligible until June 30.
  • Isaiah Joe (veteran)
    • Team option must be exercised; extension-eligible as of October 16.
  • Aaron Wiggins (veteran)
    • Extension-eligible until June 30 (or beyond, if team option is exercised).
  • Jaylin Williams (veteran)

Note: Unless otherwise indicated, these players are eligible for extensions beginning in July.

Unrestricted Free Agents

Cap Exceptions Available

Note: The Thunder project to operate under the cap.

  • Room exception: $8,006,000

Luke Adams contributed to this post.

Pacific Notes: Lakers, Kings, Siakam, Gordon, Suns

While there was skepticism both inside and outside the Lakers‘ organization about how genuine the team’s pursuit of Dan Hurley earlier this month was, team owner Jeanie Buss was “highly motivated” to land the UConn head coach and was “genuinely disappointed” when it didn’t work out, sources tell Shams Charania, Sam Amick, and Jovan Buha of The Athletic.

After missing out on Hurley, the Lakers circled back to J.J. Redick, reaching a four-year deal on Thursday with the analyst and podcaster that will make him the club’s new head coach. According to The Athletic’s reporting, Redick had a phone call with Anthony Davis on Monday, which was viewed as an important step in the process, since the Lakers “prioritized Davis’ voice” throughout their coaching search. Davis and other key players were supportive of Redick’s hiring, sources tell The Athletic — while LeBron James isn’t specifically named, it’s safe to assume he approves of the choice to bring aboard his podcasting partner.

As has been previously reported, Scott Brooks, Rajon Rondo, Sam Cassell, and Jared Dudley are a few of the candidates on the Lakers’ wish list for spots on Redick’s new staff, per Charania, Amick, and Buha. However, league sources tell Marc Stein (Twitter link) that the Mavericks will make a strong effort to retain Dudley, who has been an important part of Jason Kidd‘s staff in Dallas.

Here’s more from around the Pacific:

  • A roundtable of ESPN writers discussed the Lakers‘ decision to hire Redick, sharing their thoughts on their former colleague getting his first NBA coaching job. All five panelists believe Redick will be the first Lakers head coach since Phil Jackson to remain in the position for more than three years.
  • The Kings pursued Pascal Siakam before he was sent to the Pacers, but ended those efforts after the forward reportedly conveyed that he likely wouldn’t sign with the team long-term. Appearing on The Carmichael Dave Show with Jason Ross (YouTube link), Sam Amick of The Athletic explained why Siakam wasn’t enthusiastic about going to Sacramento. “There was an inference from his camp that over the years there were, behind the scenes, somewhat disparaging remarks made that came from the Kings about his game,” Amick said. “The way it was framed to me was that – in an attempt to drive down what it would to get him – some gossipy-type feedback on his game had gotten back to him. … That is the way it was put to me from his side.”
  • Responding to a report stating that Eric Gordon is “50-50” on exercising his player option with the Suns, plugged-in local reporter John Gambadoro of Arizona Sports 98.7 (Twitter link) says he doesn’t expect the veteran wing to be back in Phoenix next season.
  • Gerald Bourguet of PHNX Sports takes a look at five guards who might make sense as Suns targets in next week’s draft, with Marquette’s Tyler Kolek topping his list. Kolek reportedly visited Phoenix this week for a workout.

Draft Workouts: Spurs, Suns, Pacers, Blazers, Lakers, Wolves, Thomas

The Spurs, who are widely expected to draft at least one guard next Wednesday, recently worked out both Stephon Castle of UConn and Devin Carter of Providence, according to Kelly Iko of The Athletic.

As we relayed on Wednesday, recent mock drafts from ESPN and Bleacher Report both have San Antonio drafting Castle at No. 4, and the team is said to be high on Carter as well. Iko confirms as much, writing that the Spurs have “strong interest” in Carter, Castle, and Kentucky’s Reed Sheppard, with Carter’s private workout “resonating” among the team’s decision-makers.

Here’s more pre-draft workout news from around the NBA:

Atlantic Notes: Randle, LaVine, Sixers, Newton, Nets, Stevens

Appearing on the latest episode of the 7PM in Brooklyn podcast (YouTube link), Knicks forward Julius Randle spoke about the frustrating process of trying to rehab his right shoulder injury during the second half of the 2023/24 season in the hopes of making it back for the playoffs, only to ultimately opt for season-ending surgery.

“I’m rehabbing for two-and-a-half months, knowing my shoulder ain’t good,” Randle said (hat tip to Stefan Bondy of The New York Post. “So it’s a situation where it’s like, ‘Do I play and know that I’m going to miss six or seven months after we’re done playing?’ So I’m probably not playing until the next year. And I’m not good. So can I help the team? I don’t think I can get a rebound. I can’t fall. I feel like if I fall my shoulder is going to come out. So I’m dealing with that.

“I’m also dealing with the part like I feel selfish, like I’m letting the guys down. Then it came to the point where I don’t even want to be around because I’m trying to work to come back but I feel like I’m a distraction. I feel like an outcast. I’m like, let me just stay away, they’re doing great, let me just be around and support when I can. So I had to get out of my own way of my own ego and be like, all right, once I made that decision, deal with it, and keep moving and support the best way you can. But that s–t was tough.”

Randle underwent surgery on his troublesome shoulder in early April, with the Knicks announcing that he would be reevaluated in five months. That would put his evaluation on track for early September, with no guarantee that the star forward will be ready for training camp a few weeks later. However, Randle suggested he feels good about the progress he’s made — and about his chances of being ready to go in the fall.

“I’m getting there. It’s a process. It’s something that’s going to take a long time. I knew that going into it,” he said. “But I’m ahead of schedule, I’m feeling good. I’m healthy. I’ll be ready when the season starts.”

Here’s more from around the Atlantic:

  • K.C. Johnson of NBC Sports Chicago reported earlier today that the Sixers are among the teams that have talked to the Bulls about Zach LaVine, then reiterated that report in a story published this evening following Chicago’s Alex Caruso/Josh Giddey trade agreement with Oklahoma City. However, a league source tells Kyle Neubeck of PHLY Sports (Twitter link) that Philadelphia isn’t interested in pursuing LaVine.
  • UConn’s Tristen Newton was among the prospects who took part in the Sixers‘ pre-draft workout on Thursday, tweets Keith Pompey of The Philadelphia Inquirer. Newton is the No. 66 prospect on ESPN’s big board.
  • Eben Novy-Williams and Scott Soshnick of Sportico provide more information on the minority stake that Julia Koch and her family are buying in BSE Global, the parent company of the Nets. The deal will include $688MM in cash, per Sportico, with much of that money being put toward outstanding debts.
  • Brad Stevens coached a number of the players who helped lead the Celtics to a title this spring and acquired several of the others. Michael Pina of The Ringer takes a look at the role the head-coach-turned-executive played in Boston winning its record-setting 18th championship.

Pistons Plan To Interview Bickerstaff, Borrego, Sweeney, Nori

7:14pm: The Pistons also intend to interview Borrego, according to Omari Sankofa II of The Detroit Free Press.


6:27pm: The Pistons plan to interview former Cavaliers coach J.B. Bickerstaff for their head coaching position, reports ESPN’s Adrian Wojnarowski (Twitter link). According to Wojnarowski, Detroit has also received permission to meet with Mavericks assistant Sean Sweeney and Timberwolves assistant Micah Nori.

Bickerstaff was just let go by the Pistons’ division rivals in Cleveland last month after he posted a 170-159 (.517) record across four-plus seasons with the Cavaliers, leading them to playoff appearances in 2023 and 2024 and a first-round series victory this spring. Bickerstaff also coached the Grizzlies from 2017-19 and was as an assistant for several teams before that, with stints in Charlotte, Minnesota, and Houston.

Sweeney, who began his NBA career in the Nets’ video room in 2011, has worked on Jason Kidd‘s staffs in Brooklyn, Milwaukee, and Dallas, and was also an assistant in Detroit under Dwane Casey from 2018-21. Casey remains with the Pistons in a front office role.

Nori is another veteran assistant who was on Casey’s staff from 2018-21. He worked for the Raptors, Kings, and Nuggets before that, and has been with the Timberwolves since 2021. Nori shared some of Chris Finch‘s head coaching duties during Minnesota’s playoff run this spring when Finch was unable to roam the sidelines due to knee surgery.

Sweeney and Nori have been hot names on the head coaching carousel in the past couple months. Sweeney was linked to the Lakers’ and Wizards’ vacancies, while Nori reportedly interviewed with the Cavaliers and Lakers. Both men were high on the list of potential Pistons candidates published by James L. Edwards III of The Athletic on Wednesday following Monty Williams‘ ouster.

According to Wojnarowski (Twitter link), the Pistons are expected to seek permission to interview more assistants from around the NBA.

One name to watch will be James Borrego of the Pelicans, who was atop Edwards’ list and was also mentioned by Vincent Goodwill of Yahoo Sports (Twitter link) as a candidate who would receive serious consideration if he’s available. Multiple reports have suggested Borrego is the frontrunner for the only other available head coaching job, in Cleveland, so it’s unclear whether or not Detroit will get a chance to talk to him.

Sixers’ Interest In Paul George Has Reportedly Waned

The Sixers‘ interest in pursuing star forward Paul George has “significantly waned” in recent days, according to Shams Charania of The Athletic (Twitter link).

While Charania doesn’t explicitly state that Philadelphia is moving on from George, he says the team is “expected to be aggressive elsewhere” with its cap room and draft picks as it looks to upgrade its roster around Joel Embiid and Tyrese Maxey.

It’s a significant development ahead of free agency, since George has long been viewed as the top offseason target for the Sixers, who can create more than $60MM in cap room. George isn’t technically a free agent yet, but could become one if he turns down his $48.8MM player option with the Clippers for the 2024/25 season. He ranked atop our list of this year’s top 50 free agents earlier this week.

The Sixers aren’t the only rival suitor that could make a run at George – he has also been linked to the Magic – but if Philadelphia doesn’t aggressively pursue him, it would seem to significantly increase the odds of a return to Los Angeles for the nine-time All-Star.

George has been extension-eligible with the Clippers all season, but hasn’t been able to reach an agreement with the team after teammate Kawhi Leonard signed a new deal with L.A. back in January. Reports have indicated that the Clippers sought a deal with George similar to the one that Leonard signed (three years, $152MM), which would be below his maximum in terms of both salary and years. The maximum offer Los Angeles can make to the 34-year-old would be worth a projected $221MM over four years, starting in 2024/25.

It’s unclear which players would be the 76ers’ top targets if George is off the table. LeBron James would presumably fit the bill, though there has been no indication yet that he’s mulling a move out of Los Angeles. OG Anunoby has been viewed as a possible option, and a report earlier this week suggested that the Knicks forward may test the market. A separate report stated that Philadelphia is expected to have some interest in Hornets forward Miles Bridges.

DeMar DeRozan, Kentavious Caldwell-Pope, and Klay Thompson are a few other free agents of note, while Zach LaVine and Brandon Ingram are among this offseason’s possible high-profile trade candidates.

Bulls, Thunder To Swap Alex Caruso, Josh Giddey

The Bulls and Thunder have reached an agreement on a trade that will send guard Alex Caruso to Oklahoma City, with guard Josh Giddey heading to Chicago, reports Adrian Wojnarowski of ESPN.

The deal isn’t official yet, but it sounds like it will be a straight-up, one-for-one swap. It won’t include any draft compensation, according to Joel Lorenzi of The Oklahoman and Marc Stein (Twitter links)

Caruso, one of the NBA’s best point-of-attack defenders, has earned All-Defensive nods and Defensive Player of the Year votes in each of the last two seasons. The 30-year-old has also developed into a reliable three-point shooter, making 40.8% of his 4.7 attempts per game in 2023/24 to push his career rate to 38.0%.

In 71 total games for the Bulls last season, Caruso averaged a career-high 10.1 points, 3.8 rebounds, 3.5 assists, and 1.7 steals in 28.7 minutes per contest, with a .468/.408/.760 shooting line. He’ll add even more defensive firepower to a Thunder team that ranked fourth in defensive rating (111.0) in ’23/24 and also features lockdown defenders like Luguentz Dort and Cason Wallace.

The Bulls had resisted trade offers for Caruso in recent years, but decided to part with him as he enters the final year of his current contract. He’ll earn $9.89MM in 2024/25 and will be extension-eligible beginning in July, though he won’t become eligible for his maximum extension (four years, $78MM+) until six months after the trade.

If he doesn’t sign a new contract with Oklahoma City at some point during the coming league year, Caruso will reach unrestricted free agency next summer. However, Wojnarowski (Twitter links) reports that the Thunder had pursued the veteran guard for a while and are making the deal with an eye toward keeping him long-term.

As Kevin O’Connor of The Ringer points out (via Twitter), it will be a reunion for Oklahoma City and Caruso, who played for the OKC Blue in the G League under Mark Daigneault in 2016/17.

Giddey, the sixth overall pick in the 2021 draft, started all 210 regular season games he played for the Thunder over the past three seasons and showed intriguing upside as a play-maker during that time. His best season came in 2022/23, when he averaged 16.6 points, 7.9 rebounds, and 6.2 assists per game on .482/.325/.731 shooting.

However, Giddey took a step back in ’23/24, averaging a career-low 12.3 PPG and 4.8 APG as his playing time dipped from 31.1 MPG to 25.1 MPG. While he improved his three-point percentage to 33.7%, he remained inconsistent from beyond the arc, resulting in opposing defenses sagging off of him. That led to the Thunder eventually moving him to the second unit for the first time in his career during the team’s second-round playoff series vs. Dallas.

Giddey was also the subject of investigations by the NBA and local police due to allegations that he engaged in an inappropriate relationship with a minor, but both the league and police closed their investigations into that matter due to a lack of corroborating evidence.

According to Wojnarowski (via Twitter), the Bulls had been “determined” to find a play-maker capable of replacing Lonzo Ball, who has been sidelined due to knee problems since January of 2022 and is entering the final year of his contract. There’s optimism in Chicago that Giddey, still just 21 years old, will have a clearer path to realizing his full potential in a situation where he has the ball in his hands more often — he often ceded ball-handling duties to Shai Gilgeous-Alexander in Oklahoma City.

The deal will save the Bulls a little money in 2024/25, with Giddey set to earn $8.35MM in the final year of his rookie contract. The difference between that figure and Caruso’s isn’t massive, but could end up being significant, given that Chicago’s team salary could approach or surpass the luxury tax line this offseason.

Like Caruso, Giddey will be extension-eligible with his new team. The Bulls will have until the day before the start of the regular season to negotiate a rookie scale extension with their new lead guard. If they don’t come to terms by that point, he would be on track for restricted free agency in 2025.

As cap expert Yossi Gozlan observes (via Twitter), this will be the first time the Bulls have made a trade involving a player since August 2021. It sounds like it probably won’t be the last deal the team makes this summer, with Zach LaVine and Ball said to be among the other trade candidates to watch.

Bulls Have Discussed LaVine With Kings, Jazz, Magic, Sixers

The Bulls have been active in trade discussions heading into the 2024 NBA draft and free agency, reports K.C. Johnson of NBC Sports Chicago. In addition to exploring moving up and down from the 11th pick, Chicago has also discussed players already on the roster as well.

Sources tell Johnson that head of basketball operations Arturas Karnisovas has “floated as many as 15” trade proposals involving Zach LaVine. The Kings, Jazz, Magic and Sixers are among the teams Chicago has called about LaVine, according to Johnson.

As Johnson observes, the Bulls will almost certainly need to trim salary to avoid the luxury tax in 2024/25 if they intend to re-sign DeMar DeRozan and Patrick Williams. DeRozan, who is extension-eligible through June 30, will be an unrestricted free agent, while Williams is restricted.

Johnson reported earlier this month that Chicago’s asking price for LaVine has significantly dropped compared to last year, when they were seeking real assets in return for the 29-year-old. It seems the Bulls are now more focused on finding a way to shed LaVine’s pricey salary — he’s owed $138MM over the next three seasons, including a $49MM player option in 2026/27.

A two-time All-Star, LaVine was limited to just 25 games this past season due to a nagging foot injury, which eventually required season-ending surgery.

To this point, the Bulls have been focused on offering DeRozan short-term deals, Johnson writes. While there’s been “widespread speculation” that the Thunder, Pistons and Hornets may put out offer sheets for Williams, Johnson hears the Bulls are comfortable with their position since they have the right to match any contract the former No. 4 overall pick might receive.

Johnson also mentions Lonzo Ball and Alex Caruso as names to watch on the trade market. ESPN’s Adrian Wojnarowski just reported that Caruso is being sent to Oklahoma City for Josh Giddey.

As for the lottery pick, Johnson cites Providence’s Devin Carter, Kentucky’s Rob Dillingham, G League Ignite’s Ron Holland and Duke’s Kyle Filipowski as potential targets, though the Bulls have gotten a close look at a “wide range of prospects.”