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Knicks Re-Sign Chuma Okeke

October 2nd, 2024 at 5:20pm CST by Luke Adams

5:20pm: Okeke is officially back with the team on a new Exhibit 10 contract, the Knicks announced on Twitter.

10:14am: Free agent forward Chuma Okeke, who was waived over the weekend by the Knicks, will be re-signing with the team once the Karl-Anthony Towns trade is official, reports James L. Edwards III of The Athletic (Twitter link).

Okeke, 26, was the 16th overall pick in the 2019 draft. He was stashed in the G League for a season while recovering from a torn ACL, then signed his rookie contract with the Magic in 2020.

Across four seasons in Orlando, the former Auburn standout made a total of 189 regular season appearances, averaging 6.3 points, 3.7 rebounds, and 1.5 assists in 20.3 minutes per game. Known more for his defense, Okeke struggled with his shot, making just 38.3% of his attempts from the floor, including 31.8% of his three-pointers.

Okeke signed an Exhibit 10 contract with New York in August, but had to be waived to allow the club to open up enough roster spots to sign-and-trade several players to Charlotte as part of the Towns deal with the Timberwolves and Hornets. After that trade has been formally completed, which should happen soon, the Knicks will be able to refill the several open spots on their 21-man offseason roster.

Okeke will occupy one of those spots, likely on a new Exhibit 10 deal, but he’ll have an uphill battle to make the regular season roster. Due to its hard cap situation, New York will be able to retain no more than one veteran who is in camp on a non-guaranteed minimum-salary contract — Landry Shamet appears to have the upper hand for that spot.

Marcus Morris, who was waived along with Okeke over the weekend, would also be eligible to return to the Knicks on a new camp deal, but has reportedly decided against it and will seek a new NBA contract elsewhere.

Knicks Sign Alex O’Connell To Exhibit 10 Deal

October 2nd, 2024 at 5:13pm CST by Luke Adams

OCTOBER 2: O’Connell’s signing is now official, nearly three months after it was first reported, the Knicks announced (via Twitter).

JULY 3: The Knicks intend to sign former Duke and Creighton wing Alex O’Connell to an Exhibit 10 contract, reports Ian Begley of SNY.tv (Twitter link).

O’Connell, who went undrafted in 2022, spent his first professional season with the Stockton Kings, appearing in 48 G League games and averaging 9.1 points, 4.2 rebounds, and 1.7 assists in 21.7 minutes per contest, with a shooting line of .476/.379/.769.

The Westchester Knicks acquired O’Connell’s rights from Stockton last September, but he ended up playing in Italy with Reyer Venezia in 2023/24, competing in the Lega Basket Serie A (Italy’s top league) and the EuroCup.

The 25-year-old impressed the Knicks at a recent free agent mini-camp and will be with the team for Summer League play, according to Begley. O’Connell appears likely to end up with the Westchester Knicks as a returning-rights player, though if he continues to impress this summer and fall, he could be a candidate to have his Exhibit 10 contract converted into a two-way deal.

An Exhibit 10 contract is a non-guaranteed minimum-salary deal that doesn’t count against a team’s cap unless the player makes the regular season roster. It can be converted to a two-way contract before the season begins or can put a player in line to earn a bonus of up to $77.5K if he’s waived and then spends at least 60 days with his team’s G League affiliate.

Pacers Notes: Mathurin, Turner, Walker, Wiseman, Furphy

October 2nd, 2024 at 3:47pm CST by Luke Adams

Bennedict Mathurin had a hand in the Pacers‘ regular season success in 2023/24, but his season ended in early March due to a labrum tear, meaning he had to watch from the sidelines as his team won two playoff series and got within four wins of the NBA Finals.

“It was kind of tough to see that,” Mathurin said at the Pacers’ media day on Monday, per Dustin Dopirak of The Indianapolis Star. “It was good for the team, and it was good because it puts me back to myself and it kind of humbled me a little bit because we had such success.”

Mathurin started the first 12 games of the ’23/24 campaign before moving to the bench for most of the rest of the season. Given that the Pacers played some of their best basketball with the former lottery pick in the second unit, he’ll likely come off the bench again this fall, which he says is just fine.

“I don’t think I have any expectations for a role,” Mathurin said. “I’m not going to be joining the team back and saying, ‘This is my role on the team.’ It’s pretty much, whatever I can do to help my team win, whatever it is, so be it. That’s the main thing for me, just help my team win.”

Whether Mathurin is part of the starting five or a key part of the second unit, star Pacers guard Tyrese Haliburton is looking forward to having his teammate on the court again this fall.

“I’m so excited to get him back,” Haliburton said. “I think an interesting part of last year is it was presented as a lot of teams (in the playoffs) were hurt, as if our best bench scorer was not. I’m excited to get him back. I think seeing him get that success and knowing how competitive he is and he wasn’t playing lights a fire under one of the most hard-headed, motivated people I know.”

Here’s more out of Indiana:

Pacers center Myles Turner has been involved in trade rumors off and on since arriving in Indiana and has never felt totally secure on the roster, so he’s not stressing about the fact that he’s entering a contract year without the ability to extend his contract prior to free agency in July, Dopirak writes for The Indianapolis Star (subscription required). “I can’t help but laugh,” Turner said. “I’m gonna keep it a stack. Every year at Indiana has been a contract year at this point, whether you’re fighting rumors or staying true to your grind and what not. I don’t really feel too much different.” General manager Chad Buchanan said last week that the Pacers are “big believers” in Turner and want to retain him beyond 2024/25.
Noting that Jarace Walker showed up to camp slimmer and in better condition than a year ago, Gregg Doyel of The Indianapolis Star (subscription required) explores what last year’s eighth overall pick will have to do to earn playing time in his second NBA season. With Pascal Siakam and Obi Toppin at power forward, Walker’s best chance to earn minutes could come at small forward, barring injuries.
Offseason addition James Wiseman has been limited during the early days of training camp due to a groin issue, while second-round pick Johnny Furphy tweaked both of his ankles, according to Dopirak (Twitter links). The Pacers will take a day off from practicing on Thursday to help allow some of the players with minor ailments to heal, per head coach Rick Carlisle.

Frank Vogel Joins Mavericks As Coaching Consultant

October 2nd, 2024 at 2:47pm CST by Luke Adams

After being fired by the Suns in the spring, Frank Vogel is working with the Mavericks as a coaching consultant, head coach Jason Kidd said today, according to Marc Stein (Twitter link). Kidd referred to Vogel as “part of our coaching staff.”

“It took a lot of begging,” the Mavs’ head coach joked, “but he was talked into it and I’m happy he said yes.”

It’s a reversal of roles for Kidd and Vogel, who previously worked together in Los Angeles. Kidd was an assistant on Vogel’s staff with the Lakers for two years from 2019-21 before accepting Dallas’ job three years ago. The two men won a title together with the Lakers in 2020.

Vogel still had four seasons left on the five-year contract worth a reported $31MM that he received from Phoenix in 2023, so he’s still getting pay checks from the Suns and didn’t have to rush into another job. Still, consulting for the Mavs will give him a chance to work with a colleague he’s comfortable with and to have a role with the reigning Western Conference champions.

In addition to having coached the Suns and Lakers, Vogel also had previous head coaching stints in Orlando and Indiana. Before that, he worked as an assistant for the Pacers, Sixers, and Celtics.

Grizzlies’ Jared Jackson Jr. Has Mild Hamstring Strain

October 2nd, 2024 at 2:32pm CST by Dana Gauruder

OCTOBER 2: Imaging revealed a low-grade hamstring strain for Jackson, according to head coach Taylor Jenkins, who called it very good news and said there’s no concern at this point that the big man will miss the start of the regular season (Twitter link via Damichael Cole of The Memphis Commercial Appeal).

OCTOBER 1: The Grizzlies couldn’t get through the first day of training camp without another injury popping up, this one to their top frontcourt player.

Jaren Jackson Jr. injured his hamstring while driving to the basket. Jackson felt “tightness” after the play, according to head coach Taylor Jenkins, and he’ll undergo an MRI, The Athletic’s Joe Vardon reports. Jenkins speculates that Jackson will be diagnosed with a strain, which could keep him out the remainder of camp and jeopardize his chances of playing in the regular season opener.

Memphis’ 2023/24 season was wrecked by injuries and the Grizzlies already had two players dealing with injuries that will keep them out of training camp and beyond.

The team announced last week that Vince Williams would be out at least four weeks due to a left leg ailment. GG Jackson underwent foot surgery in early September with a reevaluation scheduled for three months from the time of the procedure.

Santi Aldama could see some extended playing time at power forward until Jackson and/or Williams return.

Knicks Officially Acquire Karl-Anthony Towns In Three-Team Trade With Wolves, Hornets

October 2nd, 2024 at 1:56pm CST by Luke Adams

The Karl-Anthony Towns blockbuster involving the Knicks, Timberwolves, and Hornets is now official, according to press releases from each of the three teams involved in the deal.

Word first broke last Friday night that an agreement had been reached, with more details reported on Tuesday. The full terms of the trade are as follows:

Knicks acquire Towns and the draft rights to James Nnaji.
Timberwolves acquire Julius Randle, Donte DiVincenzo, Keita Bates-Diop, and the Pistons’ 2025 first-round pick (top-13 protected; from Knicks).
Hornets acquire DaQuan Jeffries (sign-and-trade), Charlie Brown Jr. (sign-and-trade), Duane Washington (sign-and-trade), either the Nuggets’ or Sixers’ 2025 second-round pick (whichever is least favorable; from Timberwolves), the Warriors’ 2026 second-round pick (from Knicks), the Knicks’ 2031 second-round pick, and cash ($7.2MM; from Knicks).

“We are beyond excited to welcome Karl-Anthony Towns to the New York Knicks family,” Knicks president of basketball operations Leon Rose said in a statement. “Karl-Anthony brings a skillset that is unique to the game of basketball. He possesses a blend of playmaking, shooting, rebounding and defending that in combination with his size allows him to compete at a level that is rare in this league. Karl-Anthony has demonstrated throughout his career to be a high caliber player and person on and off the court who will complement the type of team and culture we continue to build in New York.”

Minnesota waived camp invitee Jaedon LeDee in order to accommodate the one-for-three swap, while Charlotte cut guards Marcus Garrett and guard Caleb McConnell to make room on its roster for the three incoming players.

Both the Wolves and Hornets are now at their 21-man preseason limits, while the Knicks have five open spots on their 21-man squad. They’ll reportedly fill one of those spots by re-signing Chuma Okeke.

Our original report on the trade includes more details on the on-court implications of the move for the Knicks and Timberwolves. We also discussed how it will affect New York’s ability to fill out the rest of its regular season roster.

Here are a few more additional notes on the transaction:

Randle received his full 15% trade bonus as part of the transaction, confirms ESPN’s Bobby Marks (via Twitter). That bumps the forward’s cap hit for 2024/25 from $28,939,680 to $33,073,920. The cap charge for Randle’s ’25/26 player option ($30,935,520) remains unchanged, since the trade bonus doesn’t affect option years.
Towns also had a trade kicker in his contract, but it’s voided because he’s already earning his maximum salary, Marks adds (via Twitter).
The three players the Knicks signed-and-traded to the Hornets will each earn exactly $1 more than their respective minimum salaries, per Marks. That works out to $2,425,404 for Jeffries, $2,237,692 for Brown, and $2,162,607 for Washington. Teams aren’t permitted to aggregate multiple minimum-salary contracts for matching purposes in offseason trades, and since Bates-Diop is on a minimum deal, Jeffries, Brown, and Washington couldn’t be. Fred Katz of The Athletic (Twitter link) has heard that the NBA “isn’t thrilled” about the way in which the Knicks circumvented that rule, but it’s technically legal.
The Hornets used their $7,983,000 room exception to accommodate those three incoming salaries, becoming the first team to take advantage of the new rule allowing clubs to use their non-taxpayer mid-level exception, room exception, or bi-annual exception to acquire a player via trade. Charlotte now has just $1,157,297 left on that exception.
The Timberwolves will create a $4,686,880 trade exception in the deal, which they’d be allowed to use this season despite being a second-apron team. Teams operating above either tax apron are prohibited from using trade exceptions that were generated during the previous season, but can use newly created TPEs.
Because they sent approximately $7.2MM to the Hornets in the deal, were responsible for paying Randle’s $4.13MM trade bonus, and will reportedly pay Partizan Belgrade an estimated $850K for Washington’s buyout, the Knicks are on the hook for more than $12MM in cash, separate from player salaries, as a result of the deal.

Mavs’ Doncic Sidelined With Calf Contusion

October 2nd, 2024 at 1:37pm CST by Luke Adams

All-NBA guard Luka Doncic has been diagnosed with a left calf contusion, the Mavericks announced today (via Twitter). According to the team, Doncic will be reevaluated in approximately one week.

Doncic has a history of left calf issues, though in the past he has dealt with primarily non-contact injuries (strains), whereas his latest ailment is the result of the calf taking a hit during a weekend workout in Dallas, per NBA reporter Marc Stein (Twitter link).

While it doesn’t sound as if the injury a serious one, it’s worth noting that the one-week timeline provided by the Mavericks doesn’t necessarily mean that Doncic will be recovered by that point — just that he’ll be evaluated then.

Still, there’s no reason to believe at this point that the superstar’s availability for the Mavs’ regular season opener on October 24 vs. San Antonio is in jeopardy, as Tim MacMahon of ESPN confirms (via Twitter).

Doncic was an MVP finalist last season after leading the NBA with 33.9 points per game to go along with 9.2 rebounds and a career-high 9.8 assists per contest. He also set new career bests in three-point percentage (38.2%) and three-pointers per game (4.1), then led Dallas to the first NBA Finals appearance of his career.

Wizards Hire Ish Smith As Scout

October 2nd, 2024 at 1:13pm CST by Luke Adams

The Wizards have hired veteran NBA point guard Ish Smith as a pro scout, team officials said on Wednesday, per Josh Robbins of The Athletic (Twitter link).

Smith, 36, appeared in 43 games for the Hornets last season and was on Charlotte’s roster until being waived at the trade deadline in February. However, after not catching on with a new team during the final two months of 2023/24 and not signing a new contract this offseason, it appears he’s moving onto the next stage of his career.

An undrafted free agent out of Wake Forest, Smith never stuck in one NBA city for long, but played in an impressive 805 regular season contests and 23 playoff games over 14 seasons from 2010-24. The six-foot point guard set an NBA record by suiting up for 13 different teams and had two separate stints with the Wizards, first from 2019-21 and then again at the end of the ’21/22 season.

In total, Smith averaged 7.1 points, 3.8 assists, and 2.4 rebounds in 19.2 minutes per game over the course of his career for the Wizards, Rockets, Grizzlies, Warriors, Magic, Bucks, Suns, Thunder, Sixers, Pelicans, Pistons, Hornets, and Nuggets.

And-Ones: 2025 Draft, Snell, G League, Garuba, Parker

October 2nd, 2024 at 12:53pm CST by Luke Adams

The 2025 draft class is stronger at the top than 2024’s class was, according to Jonathan Givony of ESPN (Insider link), but there still isn’t a clear-cut No. 1 pick in this group like there was in 2023 with Victor Wembanyama.

Cooper Flagg has long been viewed as the best bet to be next year’s top pick, but that’s not yet a lock, Givony writes, putting the odds of the Duke forward coming off the board first at just slightly above 50%. Rutgers wing Ace Bailey is Flagg’s top competition at this point, per Givony, who has Bailey’s odds of going No. 1 at 25%. Rutgers guard Dylan Harper, Baylor guard VJ Edgecombe, and French guard Nolan Traore are also in the mix for the first overall spot, Givony adds.

“I’m going into this year with an open mind about who the No. 1 pick might be,” one NBA executive told ESPN. “This is how mistakes are made: getting anchored to an opinion and then closing yourself off to new, much more important information that we’ll be receiving in the coming months seeing how the season plays out.

“I need to see if Cooper Flagg is indeed a No. 1-type offensive option who can be expected to carry a team at some point in his career, or if he’s more of a superstar role player who is better suited as your second- or third-best player. Every year there are surprises, new players pop up and others take an unexpected leap.”

Mock drafts from last fall illustrate that potential for in-season surprises. ESPN’s November 2023 mock had Isaiah Collier first overall, Ja’Kobe Walter fourth, and Reed Sheppard 25th — they were eventually drafted 29th, 19th, and third, respectively.

Here are more odds and ends from around the basketball world:

Nine-year NBA veteran Tony Snell, who last played in the NBA during the 2021/22 season, will join the Sioux Falls Skyforce in the G League this fall, tweets Michael Scotto of HoopsHype. The Heat‘s affiliate will need to acquire Snell’s returning rights from the Maine Celtics, the team he played for last season. Snell won’t be signed to Miami’s preseason roster at all, notes Anthony Chiang of The Miami Herald (Twitter link).
The Rio Grande Valley Vipers (Rockets) traded Jarrett Culver‘s G League returning rights to the Osceola Magic in exchange for Jared Butler‘s rights, per the Vipers (Twitter link). Culver is with Orlando on an Exhibit 10 contract, so it appears he’ll play for the Magic’s G League team this season. Butler remains under contract with the Wizards and would need to be waived and sign an NBAGL contract for Houston’s affiliate to take advantage of his rights.
Speaking to Eurohoops’ Javier Molero and Alex Molina, respectively, former NBAers Usman Garuba and Jabari Parker expressed that they’re comfortable no longer playing in the league. Garuba, who returned to Real Madrid this summer after three seasons with Houston and Golden State, said his NBA experience wasn’t quite what he expected and that he’d be “more selfish” if he were doing it all over again. “I left as a kid and grew up,” said Garuba, the 23rd overall pick in the 2021 draft. “I had a lot of ups and downs and learned a lot of lessons over there. I got traded, I got cut, I saw a lot of things, the dark side of the business. I think that made me mature a lot as a player.”

Clippers Sign Terance Mann To Three-Year Extension

October 2nd, 2024 at 12:06pm CST by Dana Gauruder

OCTOBER 2: Mann’s extension is now official, the Clippers announced today in a press release.

“We place tremendous value on the competitiveness, consistency, durability, and hard work that T Mann continues to demonstrate year after year,” president of basketball operations Lawrence Frank said in a statement. “Since we drafted him in 2019, T Mann has turned himself into the ultimate glue guy, a two-way player who takes tough assignments and hits big shots. When we think about the qualities that make a young player a Clipper, we often wind up with a description of T Mann, and we’re thrilled he will remain a vital part of us.”

SEPTEMBER 27: The Clippers and guard Terance Mann have agreed to a three-year, fully-guaranteed $47MM contract extension, Shams Charania of The Athletic tweets. The new deal will run through the 2027/2028 season.

Mann, who is making $11,423,077 this season, had been due to enter unrestricted free agency next summer.

Mann, 27, was a second-round draft pick in 2019 who has far exceeded expectations. He made 85 starts during his first four seasons, then became a full-time starter in 2023/24.

Mann started 71 of 75 games last season and averaged 8.8 points, 3.4 rebounds and 1.6 assists per night. Although he hasn’t been asked to play a major role during his first five seasons, the 6’5″ wing is valued as a ‘glue guy,’ providing solid defense and playing within the framework of the team’s schemes.

“Super excited to re-sign with the team who has been with me from the beginning. It’s been a great five seasons with this organization and I’m excited to see where it goes from here,” Mann told ESPN’s Marc Spears (Twitter link).

Mann’s new salary is very reasonable for a starter, given that the salary cap is projected to increase by 10% annually in the coming years.

Mann will earn $15.5MM in 2025/26, when the extension begins, and will remain trade-eligible because the terms of the deal fall within extend-and-trade limits, per ESPN’s Bobby Marks (via Twitter)

The Clippers lost Paul George in free agency but the front office has been busy locking up their other starters. Kawhi Leonard signed a three-year extension last season, James Harden was re-signed in free agency and Ivica Zubac signed an extension earlier this month.