NBA Rumors - HoopsRumors.com

Spurs To Fully Guarantee Julian Champagnie’s 2024/25 Salary

August 1st, 2024 at 8:07pm CST by Alex Kirschenbaum

The Spurs will fully guarantee the 2024/25 salary for small forward/shooting guard Julian Champagnie, sources tell Michael Scotto of HoopsHype (Twitter link).

The 6’8″ swingman will earn $3MM in 2024/25 for a rebuilding San Antonio club. The team would have had to waive him on or before Thursday to avoid guaranteeing that $3MM.

As Scott observes, Champagnie started in 59 of his 74 contests with the club last year during a 22-60 season.

Across those 74 healthy games, he averaged 6.8 points per contest with a .408/.365/.815 shooting line. Champagnie also recorded 2.8 rebounds, 1.4 assists, 0.6 blocks and 0.6 steals in just 19.8 minutes per night.

The 23-year-old wing went undrafted out of St. John’s in 2022, where he had earned a pair of First-Team All-Big East accolades.

The Sixers signed him to a two-way deal in 2022/23, though Philadelphia eventually cut him that February. San Antonio quickly snagged him off waivers.

Nothing is guaranteed beyond 2024/25 for Champagnie on the final two seasons of his four-year deal. He’s owed $3MM in 2025/26, which is non-guaranteed until August 1, 2025. The Spurs hold a $3MM team option for the 2026/27 season.

San Antonio now has 15 players on guaranteed standard contracts for ’24/25.

Bucks Waive Jaylin Galloway

August 1st, 2024 at 7:18pm CST by Alex Kirschenbaum

The Bucks have waived two-way player Jaylin Galloway to create a roster spot for reported new two-way addition Anzejs Pasecniks, per Keith Smith of Spotrac (Twitter link).

An Australian-born swingman, Galloway opted to forgo college in favor of playing for the Sydney Kings in Australia’s National Basketball League as a developmental prospect beginning in 2020. He eventually won a championship with Sydney in 2022 and has also played for a pair of NBL1 North semi-pro teams, the Mackay Meteors and Ipswich Force.

Galloway, 21, inked a two-way deal with the Bucks in March this past season. However, he didn’t appear in a game for Milwaukee during his tenure with the team.

Across seven contests with the Bucks’ NBAGL affiliate squad, the Wisconsin Herd, Galloway averaged 4.7 points on a .406/.143/.667 shooting line, along with 3.4 rebounds, 1.4 assists and 1.3 blocks per game.

In Galloway’s stead, Pasecniks now joins the Bucks’ two remaining two-way players, point guard Ryan Rollins and shooting guard Stanley Umude.

Knicks Sign Chuma Okeke

August 1st, 2024 at 6:16pm CST by Rory Maher

6:16pm: The Knicks have officially announced (via Twitter) the signing of Okeke to an Exhibit 10 deal.

12:04pm: The Knicks plan to sign free agent forward Chuma Okeke, sources tell Michael Scotto of HoopsHype (Twitter link).

Okeke, who played a couple of college seasons at Auburn, was the 16th overall pick of the 2019 draft. He has spent the past five years with the Magic, holding career averages of 6.3 points, 3.7 rebounds and 1.5 assists in 189 regular season games, including 55 starts (20.3 minutes per contest). He posted a .383/.318/.789 shooting line over that span.

Okeke had an unusual start to his professional career, as he didn’t sign his rookie scale contract until 2020, a year after he was drafted, due to a torn ACL. That meant he hit free agency a year later than his 2019 first-round draft classmates as well. He became an unrestricted free agent when Orlando chose not to give him a $7.4MM qualifying offer.

Known primarily for his excellent work on the defensive end, Okeke has unfortunately battled injuries since he turned pro, playing between 27 and 47 games in three of his four active seasons. He was not a rotation regular in 2023/24 for Orlando, averaging a career-low 9.2 minutes per contest.

While the terms of the contract were not disclosed, it seems likely be a one-year, minimum-salary deal, perhaps with a partial guarantee. The Knicks currently have 14 players on standard contracts, so Okeke could be battling for a potential 15th spot in training camp, assuming the team decides to carry a full roster.

Hornets Cut Leaky Black

August 1st, 2024 at 5:53pm CST by Alex Kirschenbaum

The Hornets have waived two-way player Leaky Black, the team announced via Twitter.

Just a few weeks ago, the young forward was expressing a desire to earn a spot on the club’s standard 15-man roster. Now, it looks like he may have to seek out his next NBA opportunity elsewhere.

Across 26 contests with Charlotte (three starts), the 6’9″ UNC alum averaged 2.7 points on a .481/.450/.667 shooting line, along with 1.8 rebounds and 0.9 assists per game. In seven appearances for Charlotte’s G League affiliate, the Greensboro Swarm, Black averaged 10.8 PPG, 8.6 RPG, 2.4 APG, and 1.7 SPG.

Roderick Boone of The Charlotte Observer notes that Black seemed to have shored up his offense during his Summer League games with the team this offseason, specifically showing off an updated jump shot.

The Hornets now have one open two-way slot. Third-year center Moussa Diabate and rookie point guard KJ Simpson are occupying the other two-way spots on the roster. The Hornets also still have one of their 15 standard roster spots available.

International Notes: Diallo, Galloway, Martin, Mannion, Jones

August 1st, 2024 at 4:02pm CST by Rory Maher

Bayern Munich is interested in signing free agent wing Hamidou Diallo, according to German basketball reporter Robert Heusel (Twitter link).

A former second-round pick (45th overall in 2018), Diallo played for Oklahoma City and Detroit from 2018-23. He spent most of last season in the NBA G League with the Capital City Go-Go, making two appearances with the Wizards back in January while on a 10-day contract.

Diallo, who turned 26 years old on Wednesday, is a superb athlete who is an above-average cutter, finisher, rebounder and defender for a guard/forward. However, he has struggled with his outside shot throughout his career and he isn’t a great passer, which may have limited his NBA opportunities over the past year.

It’s unclear if Diallo would be open to playing in Europe for the first time in his career. He reportedly impressed during a private scrimmage last month and also worked out for the Bucks a couple weeks ago.

Bayern won Germany’s top domestic league (BBL) last season and also competes in the EuroLeague.

Here are a few more international notes:

Former NBA guard Langston Galloway has signed a contract with Italy’s Trapani Shark, agent Misko Raznatovic announced (via Twitter). Galloway, who played for seven different teams over the course of his eight NBA seasons from 2014-22, spent the 2022/23 season in the NBA G League with the College Park Skyhawks. Last season, he played professionally in Europe for the first time in his career, averaging 16.9 PPG, 2.6 RPG and 2.4 APG on .393/.363/.895 shooting in 30 games for Reggio Emilia in Italy’s top basketball league (LBA).
Former Warriors guard Nico Mannion will remain with Italy’s Pallacanestro Varese for the 2024/25 season, the team announced (via Twitter). The 23-year-old, who was born in Italy, also spent time in Spain last season with Baskonia.
Jarell Martin, who spent last season in Turkey with Galatasaray, has officially signed a one-year contract with Australia’s Adelaide 36ers, per a team press release. The 25th pick of the 2015 draft, Martin played four NBA seasons with Memphis and Orlando from 2015-19. The news of Martin’s signing was first reported by ESPN.
Turkish powerhouse Fenerbahce is eyeing free agent center Damian Jones, reports Alessandro Maggi of Sportando. Jones, 29, has spent the past eight years in the NBA, having played 39 games for the Cavaliers in 2023/24.

Knicks Notes: Randle, Sims, Bryant, Okeke

August 1st, 2024 at 2:13pm CST by Rory Maher

Knicks All-Star forward Julius Randle becomes eligible on Saturday for an extension that could be worth up to $181.5MM over four years (if he declines his $30.9MM player option for 2025/26). According to Fred Katz of The Athletic, Randle will likely need to take a discount if he’s interested in long-term security.

As Katz details, New York doesn’t want to waste the financial flexibility gained by Jalen Brunson‘s recent extension. That means offering Randle a starting salary of $40.5MM in ’25/26 on a new extension probably isn’t feasible. However, if Randle picks up his ’25/26 option and then extends off that figure for ’26/27, the Knicks would be in great shape from a cap perspective going forward.

Randle could be incentivized to agree to that deal structure because not many teams project to have cap room in 2025 when he could hit free agency, Katz writes. And nearly all of those clubs are rebuilding, making signing a player who would turn 31 before the ’25/26 season begins an odd fit.

Even if an agreement isn’t reached and Randle decides to test free agency next year, Katz says the Knicks have no interest in trading the former Kentucky standout, especially if it would make them worse, since they’re trying to win a championship as soon as possible. Perhaps that could change if Randle becomes unhappy with extension talks, but there’s nothing to suggest that will happen and the Knicks value what he brings to the table and would prefer to keep him, per Katz.

Here’s more on the Knicks:

Backup center Jericho Sims has been fully healthy this summer for the first time in the past few offseasons, writes Stefan Bondy of The New York Post. According to Bondy’s source, Sims had previously undisclosed thumb surgery two summers ago, followed by shoulder surgery last offseason. Sims, whose minimum-salary deal becomes fully guaranteed on August 16, has been working to sharpen and expand his offensive game the past few months, Bondy adds.
According to Bondy, the Knicks plan to spend part of their training camp this fall at The Citadel in Charleston, South Carolina. The team also spent about a week training in the same location last year, Bondy notes.
In a subscriber-only story for The Post, Bondy spoke to former NBA head coach P.J. Carlesimo to get a better idea of what new assistant coach Mark Bryant will bring to the Knicks. Carlesimo coached the former longtime NBA player when he was in college at Seton Hall.
Chuma Okeke‘s new contract with the Knicks features Exhibit 10 language, Bondy reports (via Twitter). That means Okeke’s deal covers one year for the veteran’s minimum and is fully non-guaranteed. If he’s released before the season begins, Okeke would be eligible for a bonus worth up to $77.5K if agrees to join the Knicks’ NBA G League affiliate in Westchester for at least 60 days.

Olympic Notes: Second Unit, Durant, Edwards, George, Serbia, James, 3×3 Team

August 1st, 2024 at 10:57am CST by Dana Gauruder

Team USA discovered a stellar second unit that accounted for 60 of the reserves’ 66 points in its 103-86 win over South Sudan on Wednesday. Kevin Durant, Anthony Edwards, Jrue Holiday, Derrick White and Bam Adebayo comprised that group. The offensive output was matched by that unit’s defensive versatility, Sam Amick of The Athletic notes.

“That lineup was incredible,” Durant said. “You know, when you can switch a lot of different things, and keep the ball in front of you, don’t worry about over helping at all. We’re just (out there) talking to each other. There were some high-IQ defensive players out there. When you can throw that lineup out there, it’s fun. That’s when you don’t have to run offense when you can get stops and go and play in transition. And that’s basketball to me.”

Edwards is enjoying the experience of pairing up with Durant off the bench in the Olympics.

“I love that he’s coming off the bench. I get to play with him, so I hope coach keeps bringing him off the bench,” he said with a smile. “I get to pass it to him. He gets to pass it back. That’s probably one of my biggest dreams ever, so that’s dope. …We’ve got a great group of 12 guys. So it doesn’t matter who’s playing. It doesn’t matter who’s starting. It doesn’t matter who’s finishing the game.”

We have more on the Paris Olympics:

Paul George said on Carmelo Anthony’s podcast (video link) that he believed he’d been chosen to play for Team USA after a conversation with coach Steve Kerr. Team USA managing director Grant Hill informed him during the NBA playoffs he wouldn’t be on the 12-man roster. “I was looking forward to representing the USA and being part of the team,” George said.
Serbia bounced back from its opening loss to Team USA with a 107-66 romp past Puerto Rico. Now the Serbians face a pivotal game against South Sudan on Saturday in their final group play matchup. “Great opponent,” Bogdan Bogdanovic said of South Sudan, per Kyle Hightower of The Associated Press. “They started the tournament well. They played with great confidence. It’s going to be a tough game. We need to come out with the same energy we had (Wednesday) and to fight.”
LeBron James surpassed the 300-point mark in the Olympics on Wednesday, joining Durant and Anthony as the only Team USA members to reach that career mark. It wasn’t a big deal for James, Aris Barkas of Eurohoops.net relays. “Oh, not much,” James said of the milestone. “I mean, at the end of the day, I just want to, you know, win. I mean, I’m here to win and win the gold, and that’s my only mindset.”
The U.S. men’s 3×3 basketball team dropped to 0-2 in pool play with a 19-17 loss to Poland on Wednesday. Canyon Barry, son of Hall of Famer Rick Barry, had six points for the Americans. “We’re just not making shots,” Barry said, per The Associated Press. “That’s what it comes down to. We had a lot of good looks and they just didn’t fall tonight.”

Gordon Hayward Announces Retirement

August 1st, 2024 at 9:06am CST by Dana Gauruder

Free agent forward Gordon Hayward has chosen to retire. He posted his decision on social media on Thursday morning (Twitter link).

“Today, I am officially retiring from the game of basketball,” he wrote. “It’s been an incredible ride and I am so grateful to everyone who helped me achieve more than I ever imagined.”

Hayward, 34, burst onto the national scene in 2010 when he led Butler to the NCAA Championship game, narrowly missing a game-winner half-court heave at the final buzzer against Duke.

The Jazz selected him in the lottery with the ninth pick in that year’s draft. He spent his first seven seasons with Utah and made the All-Star team in the last of those seasons. He departed Utah on a four-year, $128MM deal with the Celtics but his career was sidetracked by a devastating left leg injury in his first regular-season game for Boston.

He left the Celtics in 2020 after declining his player option and was dealt to Charlotte in November 2020 via a sign-and-trade, inking a four-year, $120MM contract in the process. However, his years in Charlotte were a disappointment as injuries piled up and he was unable to lift the franchise to a postseason appearance.

Hayward’s career ended with the Thunder after he was dealt by the Hornets at last season’s trade deadline. Hayward had a limited role with Oklahoma City and expressed frustration after the team was eliminated.

“Obviously disappointing with kind of how it all worked out. This is not what I thought it would be. Certainly frustrating. … We have a great team here with great young players, a great coach. So the future is bright,” Hayward said, adding, “I feel like as a player I have a lot to offer. I just wasn’t given much of an opportunity to do that.”

However, a month after free agency began, Hayward decided to call it quits.

In 835 career regular-season appearances, Hayward averaged 15.2 points, 4.4 rebounds and 3.5 assists in 30.7 minutes per game. He also saw action in 36 postseason contests, averaging 12.1 PPG, 4.1 RPG and 2.4 APG.

Sixers Notes: Jackson, Free Agent Options, Morey, George

July 31st, 2024 at 10:40pm CST by Dana Gauruder

Reggie Jackson officially signed a one-year contract with the Sixers on Tuesday. The veteran point guard passed through waivers after Denver traded him to Charlotte and the Hornets bought out his contract. Jackson is thrilled to join another contender and reunite with former Pistons teammate Andre Drummond and Clippers teammate Paul George.

“It’s definitely great to play with Andre again and PG. But I think everybody knows in the basketball world, I think the deck looks pretty full,” he said, per Keith Pompey of the Philadelphia Inquirer. “So that was a big part of my choice and just an opportunity to try and do something special.”

We have more on the Sixers:

The team has 13 players on standard contracts and plans to carry 14 on opening night. That leaves one spot open and the Inquirer’s Gina Mizell looks at five free agent forwards who might fill that opening, including Marcus Morris, Jae Crowder, Cedi Osman, Gordon Hayward and Lonnie Walker IV.
President of basketball operations Daryl Morey said that prior to free agency his staff listened intently to Paul George’s Podcast P for clues as to where he might be leaning. Morey disclosed on the ‘Rights To Ricky Sanchez: The Sixers Podcast’ (YouTube link). Morey believed the Clippers would drop their hard line and give George a four-year, maximum-salary contract but that never happened, which he found somewhat surprising. The Clippers eventually offered George a three-year max deal but wouldn’t include a no-trade clause, leading George to look elsewhere.
Morey told The Ringer’s Howard Beck that there numerous contingency plans if George chose to stay in Los Angeles but he wasn’t particularly thrilled with any of them. “We thought that the best path was a Paul George–type path,” Morey said. “The other paths we thought were OK, they just weren’t as good. … We also felt like in the scenarios where we don’t convince Paul that this is the right team, we felt like we had a plan that was [workable]. We probably spent 85 percent of our time on the alternate plan, because that was way more complex.”

Grizzlies Sign Luke Kennard To One-Year Deal

July 31st, 2024 at 9:10pm CST by Luke Adams

9:10pm: The signing is official, the team announced in a press release (Twitter link).

11:54am: Free agent sharpshooter Luke Kennard is returning to the Grizzlies, according to Adrian Wojnarowski of ESPN, who hears from sources that the two sides have reached an agreement on a one-year, $11MM deal.

The Grizzlies turned down Kennard’s $14.8MM team option for the 2024/25 season on June 29, making him an unrestricted free agent, but the expectation was always that he’d agree to a more team-friendly deal to remain in Memphis.

Reporting at the time his option was declined indicated that Kennard and the team were “eager” to discuss a new contract, and the 28-year-old was never linked to any other suitors during the month he spent on the open market.

Kennard was limited to just 39 games (22 starts) this past season for health reasons, including a left knee bone bruise, but was effective when he was available, with averages of 11.0 points, 3.5 assists, and 2.9 rebounds in 25.6 minutes per game.

One of the NBA’s best three-point shooters, the 6’5″ wing has made at least 44.6% of his attempts from beyond the arc in each of the past four seasons, including 45.0% in 2023/24.

Kennard was the No. 29 player on our list of this summer’s top 50 free agents. He was the only unrestricted free agent in the top 40 who remained unsigned.

Prior to officially re-signing Kennard, the Grizzlies are carrying 13 players on standard contracts, with a team salary of approximately $160.75MM. Assuming the $11MM salary reported by Wojnarowski is accurate, Kennard’s new deal would push team salary above the luxury tax line by about $1MM. That figure would increase if Memphis wants to add a 15th man or decides to waive Mamadi Diakite (whose salary is partially guaranteed) to replace him with another minimum-salary player.

Still, as Keith Smith of Spotrac tweets, that surplus is small enough that it likely wouldn’t be too difficult for the Grizzlies to duck out of luxury tax territory at some point later in the season. A team’s tax bill isn’t calculated until the end of the season.