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Nets’ Trendon Watford Signs Qualifying Offer

July 9th, 2024 at 11:08am CST by Luke Adams

Nets restricted free agent forward Trendon Watford has accepted his one-year qualifying offer, reports Adrian Wojnarowski of ESPN (Twitter link).

The move will lock in Watford’s $2,726,603 salary for the 2024/25 season, putting him on track to reach unrestricted free agency a year from now.

Watford, 23, spent his first two NBA season in Portland from 2021-23, but was waived by the Trail Blazers last summer before his 2023/24 salary could become guaranteed. He caught on with Brooklyn and appeared in a career-high 63 regular season games, averaging 6.9 points, 3.1 rebounds, and 1.3 assists in 13.6 minutes per contest, with a shooting line of .527/.397/.794.

Because he only had three years of NBA experience under his belt, Watford remained eligible for restricted free agency this offseason, and the Nets took advantage by issuing him a qualifying offer ahead of the June 29 deadline. Signing that QO means that the former LSU standout will have the ability to veto any trade involving him during the 2024/25 league year.

With Watford back under contract, Brooklyn will be carrying 12 players on guaranteed deals, plus Mamadi Diakite and Jalen Wilson on partially guaranteed salaries.

With Watford off the board, Isaac Okoro is the only remaining restricted free agent who didn’t finish last season on a two-way contract.

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Atlantic Rumors: Trent, Quickley, Knicks, Kessler, Bertans, Celtics

July 9th, 2024 at 10:25am CST by Luke Adams

Although the Raptors haven’t entirely closed the door on the possibility of bringing back free agent wing Gary Trent Jr., his return appears increasingly unlikely based on how the team’s offseason has played out, says Josh Lewenberg of TSN.ca.

As Lewenberg observes, Toronto sacrificed much of its cap flexibility by taking on salary in a trade with the Kings and exercising Bruce Brown‘s team option. The club also added a wing in the first round of the draft, selecting Ja’Kobe Walter with the 19th overall pick. The 15-man roster is now full, with little breathing room below the luxury tax line.

When the Raptors’ negotiating window with Trent opened last month, they were willing to offer him an annual salary in the neighborhood of $15MM, a source tells Lewenberg, but the swingman’s camp was seeking a raise on last year’s $18.5MM salary, possibly up to $25MM or so.

Toronto wasn’t prepared to meet that price, and it doesn’t look like there are any rival suitors who will go that high either. One league insider tells TSN that Trent would be lucky at this point to receive the full mid-level exception (worth about $12.9MM). The Raptors no longer have on offer on the table for the 25-year-old, according to Lewenberg.

Here’s more from around the Atlantic:

  • The Jazz and Spurs, among other teams, had “real” interest in restricted free agent guard Immanuel Quickley before he agreed to sign a five-year, $175MM contract with the Raptors, Lewenberg writes, which is one reason why that deal came in higher than expected. Quickley’s new deal will be worth a flat $35MM across all five seasons, Lewenberg adds, so it’ll start at just under 25% of the salary cap in 2024/25 but that percentage will drop each year as the cap increases.
  • Echoing previous reporting, Ian Begley of SNY.tv (Twitter video link) confirms that the Knicks have inquired on Walker Kessler, but says he’d be surprised if New York makes a deal for the third-year center, given the Jazz‘s asking price, which includes “at least” a first-round pick.
  • The Knicks are among the teams that have expressed some level of interest in free agent sharpshooter Davis Bertans, sources tell Michael Scotto of HoopsHype (Twitter link).
  • After the Celtics officially re-signed centers Xavier Tillman, Luke Kornet, and Neemias Queta, director of player personnel Austin Ainge said he’s “extremely grateful” to have all those players back and suggested that one or more of them could have landed more lucrative deals elsewhere. “We had some guys turn down more money other places to come back,” Ainge said, according to Brian Robb of MassLive.com. “It feels really good that guys we care about a lot to come back and go for another run.”
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Trade Rumors Front Office: Changes To Article Delivery

July 9th, 2024 at 9:52am CST by Tim Dierkes

I created our Trade Rumors Front Office subscription service several years ago due to challenges with the online advertising revenue model. For $29.89 per year, a Trade Rumors Front Office subscription removes ads on all our sites and in our app, provides weekly original articles from longtime Hoops Rumors head writer Luke Adams, and grants access to a weekly live chat with Arthur Hill.  I think we’re offering strong value for the price, and more features are on the way for subscribers.

To date, Luke’s exclusive articles have been delivered entirely via email. This has resulted in a missed benefit for new subscribers, who had no access to previously-sent articles. Sometimes people sign up specifically because they hear about a certain Front Office original we sent out. They would inquire about it and I’d forward the email to them along with other recent exclusives. This was not an efficient system, so I’ve decided to create an archive of Trade Rumors Front Office articles on Hoops Rumors itself. New subscribers will be able to go back and check out previous content as soon as they sign up.

This will be accomplished in the form of a paywall. Roughly twice per week on average, a paywalled Trade Rumors Front Office article or live chat will appear on Hoops Rumors. We averaged 14.9 posts per day on Hoops Rumors last year, to give you a sense of how often you’ll run into this paywall. If you’re a logged-in subscriber, you will not see the paywall. Everyone else will see just a snippet of the article before running into it.

Trade Rumors Front Office subscribers will continue to receive these articles via email as well. If you’re a subscriber and you decide you no longer need the emails because the articles are on the website, you can go here and unsubscribe from emails as needed. We have not yet built the paywall technology in our iOS and Android apps, so the exclusive articles will not appear there. If you’re an app user and paid subscriber you’ll want to continue receiving the emails.

Putting these Front Office articles on Hoops is not just about creating an archive. It will also serve as marketing for the subscription service. A portion of Hoops readers are interested in paying to read these articles, and I don’t think it makes sense to hide them. Some people will see the topics and read an excerpt and be convinced to subscribe. If that may apply to you, I should point out that it’s risk-free, in that we offer a 100% money-back guarantee if you’re unsatisfied for any reason.

Others will choose not to subscribe, whether due to lack of interest or their financial situation. Our ad-supported readers remain appreciated and vital to this website. It’s worth pointing out that the core function of Hoops Rumors is not changing. Luke and the Hoops writing team are still going to curate, contextualize, and analyze news from the around the game in real-time and provide up-to-the-minute transaction breakdowns, as this site has since 2012. That remains free and ad-supported. The Trade Rumors Front Office articles that will appear on this site are opinion and analysis-based, as you’ll see. We have no intention of paywalling news posts, which would not make sense.

We’re producing two Trade Rumors Front Office NBA articles/chats per week at present.  It’s likely we’ll eventually paywall additional opinion and analysis posts, particularly time-intensive ones.

Whether you’re a Trade Rumors Front Office subscriber or someone who enjoys the free ad-supported Hoops Rumors, you’re welcome here. After 12+ years the site is still going strong. Thanks for reading, and feel free to ask questions in the comment section.

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Olympic Notes: France, Japan, Spain, Flagg, Brooks

July 9th, 2024 at 8:56am CST by Luke Adams

The host nation for the 2024 Olympics officially confirmed its roster for the Paris games, announcing a 12-man squad headlined by centers Rudy Gobert and Victor Wembanyama of the Spurs and Timberwolves, respectively (Twitter link).

Besides France’s twin towers, other NBA players on the French squad include Clippers forward Nicolas Batum, Wizards forward Bilal Coulibaly, and free agent swingman Evan Fournier. Nando De Colo, Frank Ntilikina, and Guerschon Yabusele are among the other players on the team who have previous NBA experience.

As first reported by Gabriel Pantel-Jouve of BeBasket on Sunday (via Twitter), France’s final two cuts were also former NBA players — guards Elie Okobo and Theo Maledon won’t be on the 12-man roster for Paris.

Here are a few more notes on the upcoming Olympic games:

  • As expected, Japan’s official 12-man roster for the Olympics is headed up by Lakers forward Rui Hachimura and six-year NBA veteran Yuta Watanabe (Instagram link). Former Nebraska Keisei Tominaga, who recently agreed to an Exhibit 10 deal with the Pacers, is another notable name on the 12-man squad.
  • After winning their Olympic qualifying tournament over the weekend, Spain is making just one change for the Olympics, as Johnny Askounis of Eurohoops writes. Veteran wing Alex Abrines, who played in the NBA with Oklahoma City from 2016-19, has been medically cleared to play following an injury and will replace 2024 Spurs second-round pick Juan Nunez for the Olympics. The full roster, which includes Santi Aldama of the Grizzlies and the Hernangomez brothers, can be found right here (Twitter link).
  • Incoming Duke freshman Cooper Flagg said over the weekend that he was “pretty surprised” to be invited to be part of the Select Team for the U.S. training camp in Las Vegas, per Tim Bontemps of ESPN. However, Flagg was the talk of that Vegas camp, earning rave reviews from players and coaches alike, according to Joe Vardon and Sam Amick of The Athletic. Select Team assistant coach Jim Boylen referred to the 17-year-old as “unbelievable,” while teammate Jaime Jaquez said Flagg was “playing out of his mind.” Flagg is a candidate to be the No. 1 pick in the 2025 draft. “He showed no fear,” Jalen Duren said. “He came and worked hard every day. You would think he’s already here, you know what I mean?”
  • After defeating Team USA with the Canadian national team for bronze at the 2023 World Cup, Dillon Brooks is eager to face a more star-studded U.S. in Wednesday’s exhibition game in Las Vegas, writes Sam Amick of The Athletic. “I take it as (just) another game, but me being who I am, I like to make a statement,” Brooks told reporters on Monday. “So I’ll be ready to play. Team Canada will be ready to play, and we’re gonna go balls to the wall and watch the film after and see if we got better.”
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DeRozan Trade Notes: Contract, Draft Picks, Spurs’ Moves, CP3

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

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

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

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

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

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

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

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

We have more from the Northwest Division:

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

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

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

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

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

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

We have more on the New York teams:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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