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Cavaliers Re-Sign Isaac Okoro To Three-Year Contract

September 17th, 2024 at 7:18pm CST by Rory Maher

SEPTEMBER 17: Okoro’s new deal is official, the Cavaliers confirmed today in a press release.

SEPTEMBER 14: The Cavaliers are re-signing restricted free agent Isaac Okoro to a three-year, $38MM contract, agents Michael Tellem, Jeff Schwartz and Marcus Monk tell Adrian Wojnarowski of ESPN.

Okoro, 23, came in at No. 20 on our list of 2024’s top 50 free agents, making him the top remaining player who had yet to sign a new deal. It took more than two months, but the NBA’s lone restricted free agent has reached an agreement to return to Cleveland.

As ESPN’s Bobby Marks tweets, Okoro’s $11.8MM qualifying offer would have expired on Oct. 1, though he still would’ve been a restricted free agent had a deal not been reached by that point. The Cavs were approximately $10.4MM below the luxury tax line before accounting for Okoro’s new contract, Marks adds.

According to Chris Fedor of Cleveland.com (Twitter link), Okoro’s three-year deal features $33MM in guaranteed money. Sources tell Michael Scotto of HoopsHype that Okoro’s contract features some unlikely bonuses tied to his team’s success (Twitter link).

The No. 5 overall pick of the 2020 draft, Okoro averaged 9.4 points, 3.0 rebounds and 1.9 assists while shooting a career-best 39.1% from three-point range in 69 regular season games in 2023/24, including 42 starts (27.3 minutes per contest). The 6’5″ wing is primarily known for his defense, particularly on the ball, where he’s frequently tasked with guarding the opposing team’s best perimeter player.

When we polled our readers about Okoro’s situation last week, 59% of those who voted thought he would end up accepting his qualifying offer — essentially just a one-year contract — to hit unrestricted free agency in 2025. About 17% thought he would re-sign with the Cavs on a multiyear contract.

Scotto reports (via Twitter) that the Nets and Hornets were among the teams that showed sign-and-trade interest in Okoro before he agreed to a new contract with Cleveland.

Once Okoro’s signing is official, the Cavs will have 14 players on standard contracts, though only 11 of those deals are fully guaranteed. Tristan Thompson and Sam Merrill are on non-guaranteed contracts, while Craig Porter Jr. has a $1MM partial guarantee on his $1.89MM salary. All three of the team’s two-way slots are filled.

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Pistons Sign Dereon Seabron To Exhibit 10 Contract

September 17th, 2024 at 6:50pm CST by Dana Gauruder

The Pistons have agreed to an Exhibit 10 contract with guard Dereon Seabron, Michael Scotto of HoopsHype tweets. The deal is official, per RealGM’s transaction log.

Seabron has played on two-way deals with the Pelicans over the past two seasons. He has appeared in a total of 11 NBA games, averaging 1.6 points in 6.1 minutes per contest.

Seabron has spent the bulk of his two pro seasons in the G League. He appeared in 28 games with the Birmingham Squadron last season, including 26 starts, and averaged 18.4 points, 6.2 rebounds and 6.0 assists in 33.3 minutes per game.

This summer, Seabron played in three Las Vegas Summer League games for the Bulls, averaging 8.7 PPG, 4.3 RPG and 2.7 APG in 21.4 MPG.

Seabron, 24, went undrafted out of North Carolina State.

An Exhibit 10 contract would allow Seabron to receive a bonus worth up to $77.5K (on top of his standard G League salary) if he’s waived by the Pistons and then spends at least 60 days with the Motor City Cruise.

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Southwest Notes: Jones, DeRozan, Rose, Pippen Jr., Thompson

September 17th, 2024 at 5:31pm CST by Dana Gauruder

Tre Jones has started 113 games for the Spurs at the point over the past two seasons. He’ll likely be relegated to the second unit this season with the free agent addition of Chris Paul. Jones isn’t upset about losing his starting job to a future Hall of Famer, as he told Jeff McDonald of the San Antonio Express-News.

“It was extreme excitement right away,” Jones said of the Spurs signing Paul. “To be able to learn from a generational point guard like that, it’s something I’ll never take for granted.”

Jones looks at the upcoming season as a learning experience.

“He’s a guy who thinks the game at such a high level,” he said. “He’s been on some of the best teams and been around some of the greatest to play the game. He’s gone to the Finals. He’s been in huge moments in the playoffs. Just being able to pick his brain and learn from him all year – I’m going to take full advantage of that.”

It’s a crucial season for Jones — he’s entering his walk year and will be an unrestricted free agent in 2025.

We have more from the Southwest Division:

  • The Spurs showed some interest in bringing free agent wing DeMar DeRozan back to San Antonio, Sam Amick of The Athletic reports. At the same time, the Spurs made it clear they would be willing to help him get to the team of his choice by helping facilitate a three-team trade. And that’s exactly what happened, as DeRozan was dealt by the Bulls in a sign-and-trade transaction to the Kings in a three-team swap. Harrison Barnes was sent to San Antonio as part of that trade.
  • The backup point guard spot is the biggest question hovering over the Grizzlies, according to Damichael Cole of the Memphis Commercial Appeal. Derrick Rose and Scotty Pippen Jr. are the top candidates for the job, but Rose has struggled with injuries in recent seasons and only appeared in 24 games last season. Pippen played well in the second half of the season but didn’t play much with the team’s biggest stars due to the team’s injury issues. If neither of them emerges, Memphis may have to lean on non-traditional options like Marcus Smart and Desmond Bane to back up Ja Morant at the point, Cole writes.
  • Amen Thompson‘s versatility makes it difficult to pinpoint what position he’s best suited to play, Jonathan Feigen of the Houston Chronicle notes. When Thompson was at his most impactful last season, he defended point guards, but offensively was more of a rim-running center, according to Feigen. However, Rockets coach Ime Udoka said he plans to have Thompson back up Fred VanVleet at the point this season.
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2027/28 Season Viewed As Target For NBA Expansion

September 17th, 2024 at 4:00pm CST by Luke Adams

One reason the NBA isn’t yet prepared to dive head-long into expansion talks is that a potential Celtics sale could reset the market, sources tell ESPN’s Tim Bontemps, Kevin Pelton, and Brian Windhorst. If the Celtics set a new record for the highest sale price ever for an NBA team, it would only increase the price tag for incoming expansion franchises, as ESPN’s trio notes.

Commissioner Adam Silver recently stated that the NBA is “not quite ready” to move forward on the expansion process, though he left the door open for those discussions to happen later on in the 2024/25 league year.

With the NBA continuing to drag its heels on expansion, league sources and people connected to potential bidding groups are viewing the 2027/28 season as the target date for when one or more expansion teams could begin playing, with the ’26/27 campaign considered an increasingly unrealistic – albeit not impossible – option, according to Bontemps, Pelton, and Windhorst.

Based on the growing valuations of NBA franchises, it’s not unrealistic to project that a pair of new teams could net the league $10 billion combined – or even more than that – in expansion fees, ESPN’s reporters suggest.

While some current NBA team owners are wary of further diluting their share of the league’s revenue by slicing off two more pieces of a “pie” currently being shared 30 ways, expansion fee payments (which don’t have to be shared with the players’ union) exceeding $300MM apiece could help sway those ownership groups, as Bontemps, Pelton, and Windhorst point out. Additionally, the $76 billion media rights deal negotiated by the NBA earlier this year has assuaged some owners’ concerns about sharing revenues with 31 partners instead of 29, the ESPN trio adds.

Here are a few more items of note from ESPN’s in-depth FAQ on the possibility of expansion:

  • Although the National Basketball Players Association has no real voice in the expansion process, the union would be “very much in favor” of adding 36 new jobs (30 standard roster spots and six two-way slots) for its members, sources tell ESPN.
  • Seattle and Las Vegas are widely considered the favorites to land expansion teams, but they likely won’t be the only cities receiving consideration. Sources who spoke to ESPN view Mexico City as the most likely candidate to seriously enter the mix along with Seattle and Vegas, though Bontemps, Pelton, and Windhorst acknowledge there would be a number of “logistical hurdles” to contend with.
  • If Seattle and Las Vegas land expansion teams, they would both have to be Western Conference clubs, meaning one current Western team would have to move to the Eastern Conference. According to ESPN, that decision would likely come down to the Pelicans, Grizzlies, and Timberwolves, with Minnesota considered the most logical choice to move East since the Wolves are geographically closer to five Eastern opponents than they are to their closest Western opponent (Denver). Still, it could be a “protracted fight” to determine which team would change conferences.
  • The ownership group of the NHL’s Seattle Kraken – led by Samantha Holloway and her father David Bonderman – is considered the most likely bidder for a Seattle franchise, per ESPN. Hall of Fame NBA executive Rick Welts has served as an advisor for the Kraken ownership group, which also includes the sons of former Sonics owner Barry Ackerley. Chris Hansen, who previously attempted to relocate the Sacramento Kings to Seattle, isn’t expected to lead a bid to bring the NBA to the city, but would be willing to assist in the process, ESPN’s trio adds.
  • Active NBA players aren’t permitted to own a stake in an existing franchise, but the rules for an active player becoming a stakeholder in an expansion franchise (before it begins play) aren’t as clear. Those rules may need to be clarified in the coming years, with LeBron James seriously interested in getting involved in a bid for a Las Vegas team. According to ESPN’s report, former Bucks co-owner Marc Lasry is putting together a group to bid for a Vegas franchise — that group is expected to include longtime WNBA star Candace Parker.
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Knicks’ Thibodeau Talks Offseason, Randle, Centers, More

September 17th, 2024 at 2:33pm CST by Luke Adams

Speaking to Steve Aschburner of NBA.com, Knicks head coach Tom Thibodeau acknowledged that losing Isaiah Hartenstein leaves a hole to fill in his rotation but expressed satisfaction with the front office’s work this offseason on the whole.

“Obviously the OG signing was huge for us. And then adding Mikal was phenomenal,” Thibodeau said of re-signing OG Anunoby and trading for Mikal Bridges. “Getting Julius (Randle) back will be huge as well. We lost Hartenstein, which is what we’ll have to replace. But I think we have versatility, where we can play smaller at times because of OG’s ability to guard big. Julius and (Josh) Hart can guard big as well.”

As Thibodeau pointed out, the fact that players like Anunoby and Bridges are capable of defending a wide range of positions will give the Knicks the ability to switch frequently on defense and force opponents to settle for lower-percentage shots.

The Knicks’ head coach discussed several more topics with Aschburner, including what makes Jalen Brunson special, Randle’s return to action following his shoulder surgery, and how he envisions replacing Hartenstein’s production in the frontcourt.

The conversation is worth checking out in full for Knicks fans, but here are a few highlights:

On how adding Bridges to Anunoby on the wing will help the defense:

“What it adds to us is the versatility of both allows us to give different looks to a primary ball handler. We’ve been playing Donte (DiVincenzo) on those guys to start. Now we can come after that with Bridges, then OG, then Hart. We can constantly change up our look for who’s guarding that ball-handler. Also, OG and Hart are very disruptive off the ball, so I like to use them that way. The versatility of the defense will be a big thing for us.”

On why he’s optimistic about Randle’s outlook for 2024/25:

“I think Julius has always adapted to whatever challenge he’s faced each year. People forget the level that he’s played at. Four years ago, he had a monster season and we didn’t have the shooting we have now, so the floor is going to be more open. We got a glimpse of that in January, which was his last month of basketball.

“People forget the guy was 25 (points), 10 (rebounds), and five (assists per game). He’s had a lot of success and he’s been a big part of winning the last four years in New York. The more good players you have, the more sacrifices you have to make. Not only by Julius, by everybody.”

On what he expects the frontcourt rotation to look like without Hartenstein to back up starter Mitchell Robinson:

“We’ll probably have to do it by committee. We’ll look at some different things, because we have versatility — we could see Julius more at the five. I don’t want to do that for long stretches, it would take its toll, but to have him do it for 10 or 15 minutes, I think he can do it well. He also would create a lot of (offensive) advantages.”

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Eastern Notes: Heat, Haliburton, Raptors, Wizards

September 17th, 2024 at 11:33am CST by Luke Adams

The Heat are currently operating below the second tax apron by approximately $1.2MM with 14 players on guaranteed contracts. Adding a 15th man on a minimum-salary deal would push the team’s salary above the second apron, prohibiting the front office from aggregating salaries or sending out cash in a trade.

As Ira Winderman of The South Florida Sun Sentinel acknowledges in a mailbag, the Heat could carry a 15th man on a non-guaranteed contract to open the regular season, essentially paying that player by the day and then waiving him to sneak back below the second apron if needed for an in-season deal. But Miami is more concerned about being able to carry a 15th man later in the season during the playoff race, according to Winderman, who anticipates the team will keep its final standard roster spot open this fall.

For what it’s worth, if the Heat do want to carry 15 players and surpass the second apron, they’d be able to do that and could still aggregate salaries in a trade as long as they sent out more salary than they took back in that trade, moving below the second apron as a result of the transaction. In that scenario, they’d be hard-capped at the second apron for the rest of the season.

Here’s more from around the East:

  • Asked last week during an appearance on ESPN’s Pat McAfee Show (YouTube link) about rumors that he was attempting to recruit his Team USA teammates to the Pacers during his Olympic experience this summer, star guard Tyrese Haliburton suggested that story was overblown. “I think there was recruiting going on from everybody, but me saying that got blown out of proportion because I play in the smallest market,” Haliburton said. “… I’m not going anywhere. So if (anyone) wants to play with me, they’d have to come (to Indiana).”
  • With Scottie Barnes, Immanuel Quickley, RJ Barrett, and Jakob Poeltl locked in as starters, who will claim the fifth spot in the Raptors‘ starting five? Eric Koreen of The Athletic explores that question in an article examining Toronto’s depth chart and rotation, speculating that Gradey Dick will be the fifth starter and that rookie Ja’Kobe Walter will get a shot at rotation minutes this fall.
  • The Capital City Go-Go – the Wizards‘ G League affiliate – announced that they’ve acquired Erik Stevenson‘s returning rights from the Texas Legends (Mavericks) in exchange for a 2024 first-round pick and Jake Stephens‘ returning rights (Twitter link). The move suggests that Stevenson, a former West Virginia standout who played for the Wizards in Summer League, will be with Washington’s G League team to open the 2024/25 season and could be a candidate for a preseason Exhibit 10 contract.
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Kenrich Williams Undergoes Procedure On Right Knee

September 17th, 2024 at 9:49am CST by Luke Adams

Thunder forward Kenrich Williams underwent a successful arthroscopic debridement procedure on his right knee on Tuesday in New York, the team announced today.

According to the Thunder, Williams will be reevaluated after the preseason. That means he’ll miss all of training camp and the preseason, and there’s certainly no guarantee he’ll be ready to go when the regular season gets underway.

Williams, 29, saw his playing time decline last season for the Thunder after averaging 22.0 minutes per game in his first three years in Oklahoma City. In 69 games in 2023/24, the 6’6″ wing averaged 4.7 points and 3.0 rebounds in just 14.9 minutes per contest.

A solid defender who has made 38.8% of his attempts from beyond the arc since joining the Thunder in 2020, Williams slid down the depth chart as a result of younger players like Jalen Williams, Isaiah Joe, Aaron Wiggins, and Cason Wallace taking on increased roles. Although Williams is still a quality depth piece for OKC, it likely won’t have a significant impact on the team’s rotation if he has to miss time this fall.

Williams is under contract for approximately $13.8MM over the next two seasons, with the Thunder holding a $7.2MM team option for 2026/27.

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Timberwolves Sign Eugene Omoruyi, Skylar Mays

September 17th, 2024 at 8:33am CST by Luke Adams

SEPTEMBER 17: Both deals are official, per RealGM’s transaction log. Both Omoruyi and Mays signed Exhibit 10 contracts, as expected, Hoops Rumors has confirmed.

SEPTEMBER 16: The Timberwolves have agreed to sign free agents Eugene Omoruyi and Skylar Mays, reports Michael Scotto of HoopsHype (Twitter link).

While Scotto doesn’t specify the terms of the agreements, Omoruyi and Mays seem likely to sign non-guaranteed contracts that include Exhibit 9 and/or Exhibit 10 language. The Exhibit 9 clause protects teams in the event of a preseason injury, while the Exhibit 10 clause allows for a bonus worth up to $77.5K if the player is waived by his NBA team and then spends at least 60 days with the club’s G League affiliate.

Omoruyi, 27, has played for the Mavericks, Thunder, Pistons, and Wizards since making his NBA debut in the fall of 2021. The 6’7″ forward made a career-high 43 appearances for Washington last season, averaging 4.8 PPG, 2.0 RPG, and 0.8 APG in 9.1 MPG. His contract with the Wizards covered the 2024/25 season, but his salary was non-guaranteed and Washington opted to waive him in August.

Mays, the 50th overall pick in the 2020 draft, has appeared in 105 games across four seasons for the Hawks, Trail Blazers, and Lakers. The 27-year-old guard, who played his college ball at LSU, split his time between Portland and L.A. last season, appearing in 38 total NBA games and averaging 4.1 points, 2.2 assists, and 1.1 rebounds in 11.4 minutes per contest. He owns a career shooting line of .445/.345/.859.

Mays was rumored last month to be drawing interest from Italian team Olimpia Milano, but it appears he’ll be remaining stateside at least for the time being. He’s no longer eligible for a two-way contract, whereas Omoruyi – who has three years of NBA service – has one more season of two-way eligibility.

The Wolves currently have 17 players under contract. Once they complete reported deals with Omoruyi, Mays, and Chasson Randle, they’ll be one away from the 21-player preseason limit.

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2024/25 NBA Over/Unders: Pacific Division

September 17th, 2024 at 7:57am CST by Luke Adams

With the 2024/25 NBA regular season set to tip off next month, we’re getting serious about predictions for the upcoming campaign and continuing an annual Hoops Rumors tradition.

With the help of the lines from a series of sports betting sites – including Bovada and BetOnline – we’re running through the predicted win totals for each of the NBA’s 30 teams, by division. In a series of team-by-team polls, you’ll get the chance to weigh in on whether you think those forecasts are too optimistic or too pessimistic.

In 2023/24, our voters went 16-14 on their over/under picks. Can you top that in ’24/25?

We’ll wrap up our series today with the Pacific Division…

Phoenix Suns

Sacramento Kings

Golden State Warriors

Los Angeles Lakers

Los Angeles Clippers

Previous voting results:

Atlantic

  • Boston Celtics (58.5 wins): Over (69.7%)
  • New York Knicks (53.5 wins): Over (58.8%)
  • Philadelphia 76ers (52.5 wins): Under (51.7%)
  • Toronto Raptors (30.5 wins): Under (58.7%)
  • Brooklyn Nets (19.5 wins): Over (54.3%)

Southwest

  • Dallas Mavericks (49.5 wins): Over (78.0%)
  • Memphis Grizzlies (47.5 wins): Under (65.6%)
  • New Orleans Pelicans (46.5 wins): Under (60.6%)
  • Houston Rockets (43.5 wins): Under (51.4%)
  • San Antonio Spurs (36.5 wins): Under (52.9%)

Southeast

  • Orlando Magic (47.5 wins): Over (57.1%)
  • Miami Heat (44.5 wins): Under (63.1%)
  • Atlanta Hawks (35.5 wins): Under (66.4%)
  • Charlotte Hornets (29.5 wins): Under (63.1%)
  • Washington Wizards (20.5 wins): Under (56.6%)

Northwest

  • Oklahoma City Thunder (56.5 wins): Over (68.1%)
  • Minnesota Timberwolves (52.5 wins): Over (65.2%)
  • Denver Nuggets (51.5 wins): Over (54.3%)
  • Utah Jazz (29.5 wins): Under (60.1%)
  • Portland Trail Blazers (22.5 wins): Under (54.7%)

Central

  • Milwaukee Bucks (50.5 wins): Over (63.2%)
  • Cleveland Cavaliers (48.5 wins): Under (51.6%)
  • Indiana Pacers (47.5 wins): Over (57.2%)
  • Chicago Bulls (28.5 wins): Under (61.9%)
  • Detroit Pistons (24.5 wins): Over (60.2%)
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Heat Notes: Robinson, Jaquez, Butler

September 16th, 2024 at 9:58pm CST by Dana Gauruder

Duncan Robinson missed nine games late in the regular season due to a back injury, then was limited during last season’s playoffs. Robinson says he’s fully recovered from that ailment as Heat training camp approaches, Anthony Chiang of the Miami Herald reports.

“I feel great,” Robinson said. “We took all the necessary steps, seeing who we needed to see. Not restricted in any way. Have [not been limited] for the better part of eight weeks. Playing pickup. No limitations. It’s still a focus and emphasis in terms of what I’m doing in the weight room. [But it] hasn’t given me any issues. It was a rude awakening turning 30 [this past April] and having back issues within a month. Father Time is undefeated.”

Robinson has two years remaining on his five-year, $90MM contract.

We have more on the Heat:

  • After losing Caleb Martin in free agency, the Heat need to fill that void by finding a new defensive stopper. Jaime Jaquez Jr. says he can assume that role, according to Ira Winderman of the South Florida Sun Sentinel. “I think obviously with losing Caleb this year, I think there’s definitely going to be a hole to be filled when it comes to the defensive side of the ball and a guy that can really go out there and stop the other team’s best player or whoever’s got it going that night,” Jaquez said. “I think my role can definitely evolve into somebody who Coach just decides, ‘Hey, Jaime I want you to go guard the best player and chase him and stop him.’ I think that’s the way my role can evolve.”
  • Addressing a report that the Warriors are monitoring Jimmy Butler, Winderman says he anticipates Butler’s future will continue to be a hot topic unless the Heat get off to a solid start or the forward signs an extension. However, Winderman also notes that under the CBA and its prohibitive tax aprons, blockbuster deals are more complicated and more difficult than ever.
  • In case you missed it, free agent forward Nassir Little is reportedly working out for the Heat. Get the details here.
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