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Northwest Notes: Reid, Billups, Moran, Thunder

August 7th, 2024 at 8:22pm CST by Arthur Hill

In addition to being the reigning Sixth Man of the Year and a key part of a Timberwolves team that looks like a perennial title contender, Naz Reid has become somewhat of a folk hero in Minnesota, writes Jared Ebanks of Slam Online.

There’s a fan culture that has sprung up around Reid that includes $20 tattoos of his name, a beach towel giveaway night and a sign outside a pizza parlor in Northeast Minneapolis that encourages drivers to “Honk if you love Naz Reid.” Reid is accepting the adulation as part of the reward for the years he spent developing his game.

“I treat it as second hand and whatever comes with me putting the work that I put in, I’m excited to have,” Reid said. “Obviously, I’m truly humbled to have all that. I think as anyone should at the professional level, take that along with the bumps and bruises. Just keep being you and playing your game.”

Reid wasn’t an instant success in the NBA, as he went undrafted out of LSU in 2019 amid concerns about his height and pre-draft workouts. He landed a two-way contract with the Wolves and worked his way up from there, but Reid tells Ebanks that the slights coming out of college provided motivation.

“It just made me more hungry. It kind of rose, kind of changed to where I was the hunted, now I’m hunting at that point,” he said. “In high school, I was a top recruit, five-star, McDonald’s All-American, things like that, to where now I had to grind to be in a position where I had to compete against others who were at high levels, who were drafted and things of that nature. So [I was] putting myself in that perspective of just hunting.”

There’s more from the Northwest Division:

There are indications that Chauncey Billups may not be interested in continuing as the Trail Blazers’ head coach when his contract expires at the end of the season, Sean Highkin of Rose Garden Report states in a mailbag column. According to Highkin, Billups recently appeared on two podcasts hosted by his former teammates, Rasheed Wallace and Carmelo Anthony, and indicated that the state of the organization isn’t what he signed up for. Billups was expecting to coach a contending team built around Damian Lillard, but the Blazers traded Lillard last summer and have entered a rebuilding stage where player development is prioritized over winning. Highkin hears that Billups still has the respect of the locker room and a good working relationship with general manager Joe Cronin, but he will enter the season as a lame-duck coach unless the front office picks up his fifth-year option.
In the same piece, Highkin says Trail Blazers officials were “big fans” of the job Jim Moran was doing as head coach of the team’s G League affiliate before he left to join Mike Brown‘s staff in Sacramento. Highkin suggests that Moran views the job with the Kings as a better path toward eventually becoming an NBA head coach.
The Thunder have upgraded their roster with the additions of Alex Caruso and Isaiah Hartenstein, so Rylan Stiles of Sports Illustrated examines whether they’ve improved enough to beat Dallas in a playoff series. Oklahoma City was eliminated from the 2024 postseason in a six-game Western Conference semifinal loss to the Mavs.

Central Notes: Ball, Giddey, Stewart, Trent

August 7th, 2024 at 7:03pm CST by Arthur Hill

Bulls officials continue to be optimistic about the progress Lonzo Ball has shown this summer, writes Joe Cowley of The Chicago Sun-Times. Ball, who is trying to return from left knee issues that have sidelined him since January of 2022, has recently been playing in 5-on-5, full-contact scrimmages and hasn’t experienced any setbacks.

Cowley notes that Ball has undergone three knee surgeries since his last NBA game, including an experimental cartilage transplant that gave him a new meniscus. Cowley states that no other professional athlete has been able to resume playing following this procedure.

Ball has been slowly increasing his basketball activity, starting with 1-on-1 games. There are still more hurdles for the 26-year-old point guard to clear, including a return to NBA conditioning and adapting his body to the physicality of the game. The ideal scenario for the Bulls, according to Cowley, is for Ball to play well enough at the start of the season so they can find a taker for his $21.4MM expiring contract. He’s likely to be a backup on a strict minutes restriction as long as he remains in Chicago.

There’s more from the Central Division:

In the same piece, Cowley cites a team source who said the Bulls projected Josh Giddey to be their primary ball-handler when they acquired him from Oklahoma City. Cowley states that the organization views Giddey as similar to Ball because he has exceptional size for a point guard and he can rebound and push the ball up-court. Members of the Bulls’ front office traveled to watch Giddey at the Olympics, where he posted 17.5 points, 7.8 rebounds and 6.0 assists in four games for Australia. He also shot 47.4% from three-point range, addressing one of the biggest concerns about his game in OKC.
The most significant question facing the Pistons heading into training camp will be how to use Isaiah Stewart, who’s entering the first season of a four-year, $60MM extension, says Keith Langlois of NBA.com. Langlois notes that Stewart played primarily at power forward last season, but Detroit has limited options on its front line, so Stewart may be the primary backup to center Jalen Duren even if he’s in the starting lineup. Simone Fontecchio and newly signed Tobias Harris are both capable of being stretch fours in smaller lineups, Langlois adds.
The signing of Gary Trent Jr. fills a hole in the Bucks‘ starting lineup and gives the team some “youthful athleticism,” Jim Owczarski of The Journal-Sentinel says in a video assessing the team’s offseason.

Celtics Notes: Brissett, Tatum, Kerr, Yabusele

August 7th, 2024 at 5:45pm CST by Arthur Hill

Free agent forward Oshae Brissett provided an update on his status during his “Brissy TV” YouTube show, relays Lauren Campbell of MassLive. Brissett, who remains unsigned nearly six weeks into free agency, said he’s still exploring his options and a return to Boston remains a possibility.

“I’m still a free agent now, talking to some teams. You guys will all see obviously when it happens, where I end up. That’s full transparency, man,” Brissett said. “At the end of the day, that’s what it comes down to. I love every single part about being a Boston Celtic. And I could go back, who freakin’ knows? Hey, the door’s not closed fully. There’s still a spot on the team. Who knows?”

The 26-year-old appeared in 55 games after signing with the Celtics last summer, but he played a career-low 11.5 minutes per night while averaging 3.7 points and 2.9 rebounds. His playing time dipped to 5.5 minutes per game in the postseason, and he wasn’t used at all in nine games.

Brissett declined a $2.5MM player option for next season to test the free agent market. He stated that he enjoyed his year in Boston even though he didn’t play as much as he’d hoped.

“Watching literal Hall of Famers all day, practicing with Hall of Famers, you grow. I’m a sponge, a basketball sponge. I like to learn things,” Brissett said. “That, to me, was the reason I would say that was the best season of my career.”

The Celtics are already facing a huge tax bill, so there’s no guarantee they’ll fill their open roster spot. Brissett and Svi Mykhailiuk are the only free agents for the defending champs.

There’s more on the Celtics:

Jayson Tatum‘s playing time in the Olympics continues to be inconsistent, observes Adam Himmelsbach of The Boston Globe. After sitting out Team USA’s opener against Serbia, the Celtics star was used as the 11th man against Brazil on Tuesday. He didn’t get off the bench until two minutes had elapsed in the second quarter, but he played nearly 20 minutes in the blowout, the third-highest total on the team. “Each game is extremely different, but the main thing is that we win,” Tatum said, “so whatever we’ve got to do or I’ve got to do from game to game to be a part of that and contribute when I can, I’m going to do that.”
U.S. coach Steve Kerr, who has led Golden State to four NBA titles, offered some advice for the Celtics as they try to repeat, Himmelsbach writes in a separate story. “When you first win it, I think you have a deeper level of confidence,” Kerr said. “To me, that first time that you try to repeat is actually a little easier. You do it a couple of times and you’re actually exhausted. You try to do it a third time, a fourth time, you go to the Finals three, four, five times in a row, it’s utterly exhausting. But if you win one, you’ve got a deeper level of confidence than you had before and I think that really matters to teams.”
Former Celtic Guerschon Yabusele was one of the stars of France’s win over Canada, scoring a team-high 22 points to spark the upset. Himmelsbach points out that Yabusele is just 28 and suggests that his Olympics performance might get him some looks from NBA teams. He has spent the last three years with Real Madrid.

Kings Sign Orlando Robinson

August 7th, 2024 at 4:13pm CST by Luke Adams

AUGUST 7: The Kings have announced Robinson’s signing, tweets Jason Anderson of The Sacramento Bee.

JULY 24: The Kings and free agent center Orlando Robinson have agreed to a one-year deal, sources tell Adrian Wojnarowski of ESPN (Twitter link).

Robinson, 24, spent the past two seasons with the Heat after going undrafted out of Fresno State in 2022. Across two seasons in Miami, he appeared in 67 NBA regular season contests, averaging 3.2 points, 3.1 rebounds, and 0.9 assists in 10.9 minutes per game.

Robinson’s contract with the Heat included a non-guaranteed minimum salary for the 2024/25 season. However, the club waived him earlier this month before that salary became fully guaranteed. The 6’10” big man subsequently suited up for the Rockets’ Summer League team in Las Vegas, averaging 14.2 PPG and 9.4 RPG in 23.5 MPG across five appearances.

The Kings’ depth chart behind All-NBA center Domantas Sabonis is fairly limited — Alex Len is currently the only other true five on the roster. Trey Lyles is another option in the middle, but he’s more of a power forward. Veteran center JaVale McGee, who finished last season with the club, remains unsigned as an unrestricted free agent.

In other words, there’s a possible path to playing time for Robinson in Sacramento, assuming he makes the regular season roster. The details of his contract aren’t yet known, but it will likely be worth the veteran’s minimum and I wouldn’t be surprised if it’s not fully guaranteed.

Once Robinson’s deal is official, the Kings will have 14 players on standard contracts, with all three two-way slots filled. Sacramento currently has 12 players with fully guaranteed salaries for 2024/25, while Keon Ellis is on a non-guaranteed contract.

Details On Lauri Markkanen’s New Contract

August 7th, 2024 at 4:00pm CST by Luke Adams

The official details on Lauri Markkanen‘s new renegotiated and extended contract with the Jazz are in.

As expected, Utah used its cap room to bump Markkanen’s 2024/25 salary from approximately $18MM all the way up to his maximum (over $42MM). He’ll also receive a maximum salary in the first year of his extension. However, the second, third, and fourth years of the extension will come in a little below the max.

Here’s the year-by-year breakdown:

2024/25: $42,176,400
- Note: This is up from $18,044,544, for $24,131,856 in new money in 2024/25.
2025/26: $46,394,100
- Note: This salary is based on a projected $154,647,000 salary cap in 2025/26, which would be the maximum allowable 10% raise. If the cap comes in lower than that, this salary would too (it will be worth 30% of the cap).
2026/27: $46,113,154
2027/28: $49,824,681
2028/29: $53,536,209

In total, Markkanen is projected to earn $238,044,544 over the next five years, including $195,868,144 across his four-year extension that begins in 2025. The deal provides exactly $220MM in total new money.

Given that the Jazz were OK with Markkanen waiting until Wednesday to sign this contract – which makes him ineligible to be traded for the entire 2024/25 regular season – it’s a pretty favorable arrangement overall for the star forward.

Technically, Markkanen could have earned a maximum of $207,845,568 over four years with the Jazz as a free agent next summer, or $199,494,630 over four years if he left Utah for a new team, so his $195.9MM extension comes in a little below both figures. But after taking into account his $24MM+ raise for ’24/25 – which only the Jazz could have offered – he’ll come out well ahead financially over the next five seasons.

As Keith Smith of Spotrac observes (via Twitter), the 2026/27 dip in Markkanen’s deal could open the door for the Jazz to create significant cap room during the 2026 offseason. Outside of Markkanen’s new contract, the only salaries on Utah’s books for that season right now are rookie scale deals.

Here are a few more notes on Markkanen’s lucrative new long-term contract:

The Jazz renounced their free agent rights to Talen Horton-Tucker and Kira Lewis in order to create the cap room necessary to renegotiate Markkanen’s contract, per RealGM’s transaction log. The team no longer holds any form of Bird rights on either player.
With Markkanen’s deal on the books, the Jazz have surpassed the minimum salary floor and can create up to $11,295,112 in cap space. They’ll need to use a small portion of that room to re-sign Johnny Juzang to his reported four-year, $12MM deal. Utah has also reached a two-year, $10MM agreement with free agent center Drew Eubanks, though the club could complete that signing using the room exception if necessary.
Jazz CEO Danny Ainge and general manager Justin Zanik both issued statements on Markkanen in the team’s official press release announcing his extension. “Lauri’s ability to score in multiple ways and his versatility as a player makes our team better,” Ainge said. “He embodies our team’s core values on and off the court. We’re glad that he wants to be a part of our future and what we’re building here in Utah.”
Zanik’s statement is as follows: “Lauri’s combination of size, skill, and shooting is really unique, and he’s proved he’s an All-Star level player with his improvement over the past two seasons. We’re excited that he shares the same vision of what our team can be long-term and to have him not only as a building block for the Jazz, but also as a member of the Utah community for years to come, is huge.”

Warriors Notes: Podziemski, Kuminga, Curry, Green, Moody, More

August 7th, 2024 at 3:11pm CST by Luke Adams

The Warriors viewed the Jazz‘s asking price in trade talks for Lauri Markkanen as one that would have made it a “bad deal” if they’d met it, sources tell Kendra Andrews of ESPN, which is why discussions between the two teams stalled. Those talks officially came to an end on Wednesday when Markkanen renegotiated and extended his contract with Utah, making him ineligible to be dealt until the 2025 offseason.

Confirming previous reporting from The Athletic, Andrews says the Warriors aren’t feeling any urgency to shift their focus to a new trade target now that Markkanen is off the board, citing team sources who say the club isn’t “hot on” any of the players currently available on the market.

The negotiations with Utah also showed that the Warriors intend to hang onto young players like Brandin Podziemski and Jonathan Kuminga “very tightly,” Andrews writes, and would only be willing to move one or both of them in an “overwhelming” deal that made the team better in the long run.

For now, Podziemski, Kuminga, Moses Moody, and Trayce Jackson-Davis all appear poised to take on larger roles with the Warriors in 2024/25, though nothing will be handed to them, a source tell Andrews, meaning they’ll have to show that they deserve increased minutes and possibly starting spots. While Stephen Curry and Draymond Green are, of course, penciled in as starters, the other three spots in the starting five are considered “wide open” entering training camp, Andrews reports.

Here’s more on the Warriors:

Curry and Green want to be consulted on the Warriors’ roster moves, but they’ve made it clear they don’t want to be “final decision-makers,” sources tell ESPN. “Steph has said, ‘Look, I do not want to be making those decisions. It puts me in a different spot than all of my teammates. I do not want that,'” one source said to Andrews. While the two stars are still adjusting to the fact that Klay Thompson is no longer on the roster, they’re excited about the moves Golden State has made this offseason, Andrews adds.
With Thompson and Chris Paul exiting Golden State this summer, adding scoring was the team’s top priority, which was the impetus for the addition of Buddy Hield in particular. The Warriors also expect Kyle Anderson and De’Anthony Melton to contribute in that area while helping to solidify the defense, Andrews writes.
The Warriors haven’t engaged in any serious rookie scale extension discussions with Kuminga or Moody yet, but general manager Mike Dunleavy Jr. has expressed interest in exploring deals for both players. Andrews suggests Moody’s next deal could be in the range of $11-13MM per year.
One front office source told Andrews that it was “actually really fun” to be able to operate below the tax aprons this offseason for the first time in years. That allowed the Warriors to use their full mid-level exception (on Melton) and acquire two players (Hield and Anderson) via sign-and-trade.
“Diversifying” the coaching staff and bringing in fresh faces was a goal this offseason, which led to the additions of Terry Stotts and Jerry Stackhouse. A source referred to head coach Steve Kerr and Stotts as “kindred spirits” and said Kerr appreciates the offensive acumen and communication skills the former Blazers head coach will bring to the club. Stackhouse, meanwhile, is expected to team up with assistant coach Chris DeMarco in focusing on the defensive side of the ball, says Andrews.

Western Notes: Lakers, Markkanen, Grizzlies, Murray

August 7th, 2024 at 1:18pm CST by Tristan Tucker

The Lakers, Celtics and Cavaliers are the only three teams who haven’t added any new players through free agency or trade this offseason. Of the three, Los Angeles is the one with the least clarity about its lineup for next season.

Jovan Buha of The Athletic evaluates the Lakers’ depth chart and offers his predictions about who will take the fifth starter spot. With LeBron James, Anthony Davis, Austin Reaves and D’Angelo Russell looking like surefire starters, Buha lands on Rui Hachimura over Jarred Vanderbilt for the fifth slot.

Buha points to L.A.’s offensive production and 22-10 record with Hachimura in the lineup to close last season as major reasons why he views him as the frontrunner.

We have more from around the Western Conference:

Lauri Markkanen‘s massive payday with the Jazz is a testament to patience, perseverance, and opportunity, according to Tony Jones of The Athletic. As Jones details, Markkanen didn’t often look like a future star in Chicago or Cleveland, but continued to work on improving his skill set and got the kind of runway in Utah that he hadn’t received at his previous NBA stops. Two years after joining the Jazz, Markkanen has an All-Star berth, a Most Improved Player award, and a new $200MM+ contract under his belt.
With Luke Kennard back in the fold, marginal moves are the ones that will define the rest of the Grizzlies‘ offseason, Damichael Cole of The Memphis Commercial Appeal writes. Deciding whether or not to keep Mamadi Diakite is the most significant move involving players currently on the roster. Parting ways with Diakite would open a spot on the 15-man roster, but there’s no urgency to make a decision right away. Outside of that, a possible rookie scale extension for Santi Aldama is another piece of offseason or preseason business to watch.
The difference in outside discourse regarding Jamal Murray between this offseason and last year is drastic, Bennett Durando of The Denver Post observes. Murray was fresh off playing a key role in the Nuggets winning their first championship a year ago, but underachieved in the 2024 playoffs and in the Olympics, Durando writes. While it shouldn’t be discounted that he was playing a different role – and played through injury – Murray’s struggles this year are poorly timed, given that he’s expected to sign a lucrative long-term extension this summer.

Luke Adams contributed to this post.

Jeremy Lamb Retiring From Basketball

August 7th, 2024 at 11:49am CST by Tristan Tucker

Former NBA guard Jeremy Lamb is retiring from basketball, he announced on Wednesday (Instagram link). He appeared in 573 career games from 2012-22, enjoying stints with Oklahoma City, Charlotte, Indiana and Sacramento.

“Basketball has been good to me throughout my entire life, so this decision didn’t come easy,” Lamb said in his post on Instagram.

“I know I wouldn’t be where I’m at without the love and support from my family and friends, so I want to take a moment to express my appreciation. I’m thankful for the many ways you’ve been there throughout my career.”

Lamb was drafted 12th overall in 2012 by Houston but was immediately traded to Oklahoma City in the move that brought James Harden to the Rockets. He played a regular role off the bench for the contending Thunder in his second season, helping them to the playoffs. After three years in OKC, he was dealt to Charlotte, where he played from 2015-19, putting up his best statistical seasons.

Lamb helped the Hornets achieve a 48-34 record in 2015/16, their best mark in the past decade, while appearing 66 games off the bench that year. In 2018/19, he recorded career highs of 15.3 points and 5.5 rebounds per contest.

Lamb went on to play a big role for the ’19/20 Pacers before finishing his NBA career with the Kings. In total, he averaged 10.1 points and 3.6 rebounds in his 573 games (136 starts).

“I also want to acknowledge my teammates, who have made this experience unforgettable,” Lamb wrote. “To my coaches, thank you for your guidance and belief in me. Your impact on my life goes beyond the court. Now it’s time to catch another dream!“

Eastern Notes: Lee, Peterson, Hornets, Ivey, Duren, White, Pullin

August 7th, 2024 at 10:42am CST by Tristan Tucker

After speaking with more than 10 candidates, the Hornets decided on Charles Lee to be the franchise’s next head coach, having been won over by Lee’s basketball and business backgrounds, as well as his experience in player development and championship history, according to executive vice president of basketball operations Jeff Peterson, who spoke to The Athletic’s Mike Vorkunov about Lee and the state of the Hornets.

“His tactical skills are great,” Peterson said of Charlotte’s new head coach. “He’s a champion. He’s won two championships. Which, obviously, there’s a premium on just being a winner, and he has that. And he’s just an amazing teacher and communicator. He’s going to do his best just to get everything he can out of each player. That’s a big reason why I went with him as well.”

This offseason, the Hornets continued supplementing their young core by adding Tidjane Salaun with the No. 6 overall pick in the draft. He joins young talent like LaMelo Ball and Brandon Miller, who were among the best players in their respective draft classes.

“[Salaun] loves being in the gym, loves to get better and loves the process,” Peterson said. “So, again, we can sleep at night knowing that he has those qualities, and then, not to mention, he has some skill to him, too. He can rebound and push. He can make his shot. So, we’re just really excited about, more than anything, his mindset and his approach to how we’re going to progress and build this thing out.”

We have more from the Eastern Conference:

The Pistons have never had three players in three consecutive seasons earn rookie scale contract extensions, but that could change next year when Jaden Ivey and Jalen Duren become eligible. James L. Edwards III of The Athletic details the fascinating seasons ahead for the young duo, who are playing for a front office that didn’t draft them, a team looking to be active in trades and their third head coach in as many years. Their situation is particularly tricky because if they show significant growth, it would make sense for the organization to keep them. But if either or both players stagnate, their trade value will be hampered compared to what it is now, Edwards opines. How they’re used will be worth monitoring closely ahead of the February trade deadline.
Entering his sixth season in the NBA after a year in which he was a Most Improved Player finalist, Bulls guard Coby White is transitioning to a leadership role for a franchise that looks to be getting younger, K.C. Johnson of NBC Sports Chicago writes. White cited DeMar DeRozan‘s leadership style as a model he wants to emulate. “DeMar always led by example,” White said. “He wasn’t always the loudest guy in the room or most talkative guy in the room. But if we had a meeting, he was early. If we had a bus time, he was one of the first ones there. He was never late to a meeting. He was always ready to go. When the game came, it was always about business. And the way he took me, [Ayo Dosunmu], [Dalen Terry], Pat [Williams] under his wing, it shed light on the things that I’m looking forward to when I get older. And that can start now for me.“
Zyon Pullin has had an unorthodox start to his NBA career after going undrafted out of Florida. He earned a two-way deal immediately from the Heat but was waived to make room for Josh Christopher. This week, he was re-signed to an Exhibit 10 deal, signaling Miami still wants him in the organization. Ira Winderman of South Florida Sun Sentinel thinks Pullin will have an opportunity to compete for a two-way deal this fall. As we detailed on Tuesday, that may be an uphill battle, as he’d have to beat out Isaiah Stevens, Dru Smith and possibly Alondes Williams for that final spot. Smith is currently under contract in that two-way slot, while Williams is an unrestricted free agent. Pullin and Stevens are both on Exhibit 10 deals.

Jazz Renegotiate, Extend Lauri Markkanen’s Contract

August 7th, 2024 at 10:09am CST by Luke Adams

AUGUST 7: Markkanen has renegotiated and extended his contract, agent Michael Lelchitski confirms to ESPN’s Adrian Wojnarowski. The Jazz have officially announced the deal (Twitter link).

According to Wojnarowski, the agreement actually features $220MM in new money. That works out to a total of approximately $238MM over the next five seasons after accounting for his previous $18MM salary for 2024/25.

That means, in addition to having his salary bumped up to the ’24/25 maximum (just over $42MM), Markkanen has tacked on another $196MM across the next four seasons.

As noted below, based on the NBA’s latest cap projections for 2025/26, Markkanen’s maximum four-year extension would have been worth about $208MM, so his new deal is much closer to the max than Tuesday’s reporting suggested. The extension features no options, Wojnarowski adds.

“They’ve all showed their belief in me, from the ownership to the front office to (head coach) Will (Hardy),” Markkanen told ESPN. “It’s a comfortable environment and those guys’ resumes speak for themselves. I trust in the organization to help grow me as a person and a player, to build our team and I’m ready to take on the challenge.”

Markkanen is now officially ineligible to be traded until the 2025 offseason.

AUGUST 6: Star forward Lauri Markkanen and the Jazz are expected to finalize an agreement on a contract renegotiation and a long-term extension that will be signed on August 7 or later, according to Shams Charania, Tony Jones, and Anthony Slater of The Athletic.

The Jazz will be able to use their cap room to renegotiate Markkanen’s 2024/25 salary ($18,044,544) all the way up to his maximum of $42,176,400, then extend him based off of that number. Extending him based on his previous salary would have limited his maximum extension to about $113MM over four new years, for a total of approximately $131MM over five years.

League sources tell The Athletic that Markkanen’s new deal is expected to be worth upwards of $200MM over the next five seasons (including ’24/25).

Markkanen became eligible for a contract renegotiation on August 6. If he were to sign today, he’d become trade-eligible on February 6, the day of the 2025 deadline. However, multiple recent reports stated that signing on Aug. 7 or later is the more likely outcome, and The Athletic’s latest story confirms that’s the plan.

Because players are prohibited from being dealt for six months after completing a contract renegotiation, the former All-Star will become ineligible to be traded for the entire 2024/25 regular season once he signs.

According to The Athletic’s trio, Markkanen has repeatedly expressed a desire to stay in Utah and wants to be part of the team’s rebuild. The Jazz, in turn, view him as a potential franchise cornerstone who can be part of their long-term plans. The front office reportedly pursued Jrue Holiday in 2023 and Mikal Bridges earlier this offseason in an effort to get Markkanen more help.

Still, Utah had been willing to listen to trade inquiries on the Finnish forward and has had trade conversations with the Warriors, Kings, and Spurs, among other teams, since the offseason began. Sacramento reportedly made progress in negotiations before those discussions collapsed in early July.

Golden State made an offer centered around Moses Moody and several draft assets, including first-round picks, second-round picks, and swaps, per The Athletic. However, the Warriors kept Brandin Podziemski out of their proposal, which was a sticking point for the Jazz and prevented the two sides from gaining any real momentum. Talks between the two teams were most active in early July and have been more infrequent in recent weeks as Golden State became resigned to the fact that a long-term extension for Markkanen was the most likely outcome, league sources tell The Athletic.

Because a contract renegotiation requires cap room, the Jazz are the only team in position to give Markkanen a raise up to his 2024/25 maximum salary this offseason, which also complicated trade talks. Any team that acquired the 27-year-old would likely have had to be comfortable going to unrestricted free agency with him next summer.

The only scenario in which Markkanen could realistically have been both extended and traded before next offseason would be if he signed a new deal today and then was moved on Feb. 6. If Utah had considered it a top priority to ensure Markkanen became trade-eligible at the deadline, the team could have played hardball in extension negotiations, making a lucrative long-term offer that would come off the table as of Aug. 7.

But it benefits the Jazz to lock up Markkanen now to avoid the risk of losing him for nothing in free agency next summer — he’ll still be trade-eligible during the 2025 offseason and could have more value at that time on a four-year contract than he does now on an expiring deal, so this new extension doesn’t necessarily mean he’ll spend the next five seasons in Utah.

For what it’s worth, if The Athletic’s five-year, $200MM estimate includes a $42MM salary for ’24/25, that would mean the four-year extension would be worth about $158MM, which is well below Markkanen’s potential maximum (approximately $208MM). Those figures suggest the Jazz were able to use some leverage to get more favorable terms in later years, though we’ll have to wait for the specific contract details to know that for sure.

Renegotiating Markkanen’s contract to give him a significant raise this season will allow the Jazz to surpass the minimum salary floor ($126.5MM). It’s unclear if the Jazz will officially complete their reported agreements with free agents Drew Eubanks and Johnny Juzang once the Markkanen situation is resolved or if the team will continue to retain as much cap room as possible for now as it explores the trade market for other possible deals.

Markkanen, who was sent to Utah from Cleveland as part of the Donovan Mitchell trade in 2022, has averaged 24.5 points, 8.4 rebounds, and 1.9 assists in 33.8 minutes per game across 121 appearances with the Jazz, recording a shooting line of .490/.395/.885.

Markkanen’s strong play has helped the Jazz remain relatively competitive in each of the past two seasons, especially in the first half. Utah won 37 games in 2022/23 and 31 in ’23/24, which resulted in the team picking no higher than No. 9 in either of the past two drafts.

Securing a higher lottery pick in a loaded 2025 draft is expected to be a priority for the Jazz, so it will be interesting to see how the team manages its lineup and rotation next season. The expectation is that Utah will give its young players, including Keyonte George, Taylor Hendricks, and Cody Williams, significant playing time and lean less heavily on its veterans.

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