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Raptors Acquire Olynyk, Agbaji From Jazz For 2024 First-Round Pick

February 8th, 2024 at 2:52pm CST by Luke Adams

2:52pm: The trade is official, the Raptors and Jazz announced in a pair of press releases.

9:38am: The Jazz have agreed to trade center Kelly Olynyk and wing Ochai Agbaji to the Raptors, sources tell ESPN’s Adrian Wojnarowski (Twitter link). According to Wojnarowski, Utah will receive Kira Lewis, Otto Porter, and a 2024 first-round pick from Toronto in the deal.

That 2024 first-rounder will be the least favorable of the Thunder’s, Clippers’, Rockets’, and Jazz’s picks, per Wojnarowski (Twitter link), so it figures to land near the end of the first round. Utah’s pick is top-10 protected, meaning there’s a scenario in which the Jazz end up hanging onto their own first-rounder and receive a separate pick (likely OKC’s or L.A.’s) as a result of this deal.

While it’s a little surprising to see a lottery-bound team like the Raptors surrender a first-round pick, the deal will net them a solid big man in Olynyk and a promising young prospect in Agbaji, who was the 14th overall pick in the 2022 draft.

Assuming the Raptors intend to hang onto Olynyk, the Toronto native will become the ninth Canadian to play for the franchise and will provide some depth in a frontcourt that’s relatively thin behind Jakob Poeltl. A forward/center who can stretch the floor, Olynyk is averaging 8.4 points, 5.1 rebounds, and a career-high 4.4 assists in 20.4 minutes per game across 50 appearances this season. The 32-year-old has made 42.9% of his three-pointers, boosting his career rate to 37.0%.

Olynyk is on an expiring contract, but the Raptors will control his Bird rights this offseason, giving them the ability to go over the cap to re-sign him or to figure out a sign-and-trade.

As for Agbaji, the young wing hasn’t shown much offensive game since entering the league last season, but is a solid defender who still has room to grow and is under contract through 2026. The Raptors have liked Agbaji for a while, tweets Josh Lewenberg of TSN.ca, and presumably view him as the type of player who can develop alongside the team’s young core of Scottie Barnes, Immanuel Quickley, and RJ Barrett.

The Jazz and Raptors had reportedly been discussing a similar deal that would have included Bruce Brown – rather than a first-round pick – going to Utah. However, Toronto controlled an excess of picks in a 2024 draft that the club isn’t believed to be especially high on, while the Jazz are at risk of losing their own ’24 first-round selection, so the inclusion of the low first-rounder makes some sense.

The Raptors still own the Pacers’ first-round pick and the Pistons’ second-round pick in 2024, and would hang onto their own first-rounder if it ends up in the top six.

Lewis’ salary couldn’t be aggregated in a trade after being acquired from Indiana last month, but that won’t be necessary, since Porter’s $6.3MM cap hit is enough on its own to match Olynyk’s $12.2MM incoming salary, while Lewis’ $5.7MM salary will be used to match Agbaji’s $4.1MM cap hit.

It remains to be seen whether the Jazz will hang onto Lewis and/or Porter for the rest of the season. Lewis is a former lottery pick and Porter has had some strong seasons as a three-and-D wing, but both players have battled injuries in recent years and haven’t played much outside of garbage time in 2023/24.

Grizzlies Waive Victor Oladipo

February 8th, 2024 at 2:50pm CST by Rory Maher

The Grizzlies have waived Victor Oladipo, reports Shams Charania of The Athletic (Twitter link).

The news was expected, as Chris Herrington of The Daily Memphian reported yesterday that the Grizzlies were planning to release Oladipo if they were unable to flip him to another team before today’s 2:00pm CT trade deadline.

A former two-time All-Star, Oladipo’s once-promising career has unfortunately been derailed by a series of major leg injuries. He tore his left patellar tendon in the playoffs last April and has yet to play in 2023/24. Over the past five seasons, he has only appeared in 102 regular season games.

Oladipo was traded from Houston to Memphis last week in the deal that sent injured center Steven Adams to the Rockets. The Grizzlies also received three second-round picks.

Assuming he clears waivers, which is a virtual certainty, Memphis will be on the hook for Oladipo’s full $9.45MM salary.

Mavs Acquire 2024 First-Round Pick From Thunder For 2028 Swap

February 8th, 2024 at 2:30pm CST by Luke Adams

The Mavericks have acquired a 2024 first-round pick from the Thunder in exchange for a future draft pick swap, both teams announced today. Oklahoma City will have the ability to swap its own 2028 first-round selection for Dallas’ ’28 first-rounder.

The Mavs, in turn, will flip that newly acquired ’24 first-round pick to the Wizards in the Daniel Gafford/Richaun Holmes trade, as was previously reported.

The pick that will head to Washington by way of Dallas will be the second-least favorable of the Clippers’, Thunder’s, Rockets’, and Jazz’s 2024 first-rounders.

The Thunder projected to have multiple picks in the first round of the 2024 draft and were unlikely to use them all, so they’ll push one of those assets down the road, betting on their odds to place ahead of the Mavs in the standings in 2028 and take advantage of that swap.

Conversely, the 2024 first-round pick is more valuable to the Wizards than a 2028 swap would have been, since they’re in the rebuilding process and want to add young talent sooner rather than later.

Raptors Will Waive Spencer Dinwiddie

February 8th, 2024 at 2:15pm CST by Luke Adams

The Raptors don’t intend to keep veteran guard Spencer Dinwiddie on their roster after acquiring him from Brooklyn. According to Shams Charania of The Athletic (Twitter link), Toronto will waive Dinwiddie before he plays in a game for Toronto.

Dinwiddie is on an expiring contract and has a $1.5MM bonus in his contract if he appears in 50 games. He’s at 48 games now, so he would’ve locked that bonus in with two more appearances and the Raptors would prefer not to be on the hook for that money, since the point guard isn’t in their future plans.

The deal that sent Dennis Schröder and Thaddeus Young was about creating more cap flexibility for the 2024 offseason by moving off of Schröder’s multiyear deal.

It has been a down year so far for Dinwiddie, who averaged just 12.6 points per game on .391/.320/.781 in 48 games (all starts) for Brooklyn while logging 30.7 minutes per night. Those shooting percentages are well below his career rates and the scoring average is his lowest in a healthy season since he averaged 12.6 PPG in 2017/18.

Still, he’s likely to generate plenty of interest on the buyout market, with the Lakers among the teams that might be a fit. Because Dinwiddie’s base salary of $18.9MM exceeds the mid-level exception, he’ll be ineligible to sign with the Celtics, Nuggets, Warriors, Clippers, Heat, Bucks, and Suns, whose team salaries are above the tax apron. He also won’t be permitted to rejoin the Nets.

Spurs Trading Doug McDermott To Pacers

February 8th, 2024 at 1:52pm CST by Arthur Hill

The Pacers will acquire Doug McDermott from the Spurs, tweets ESPN’s Adrian Wojnarowski.

San Antonio will receive Marcus Morris, a second-round pick, and cash in return, sources tell Shams Charania of The Athletic (Twitter link). One of the picks is in 2029, according to Jake Fischer of Yahoo Sports (Twitter link).

Morris, whom Indiana is acquiring from Philadelphia in the Buddy Hield trade, will likely be bought out by San Antonio, Charania adds (Twitter link).

If Morris becomes a free agent, he would be ineligible to return to the Pacers or join the seven teams operating above the first or second tax apron: the Celtics, Nuggets, Warriors, Clippers, Heat, Bucks and Suns. Morris would be able to return to the Sixers if the trades involving Hield and McDermott are separate, rather than one three-team transaction.

The Pacers will create a $3.4MM trade exception in the deal, according to Yossi Gozlan of HoopsHype (Twitter link). They also get a useful shooter after sending Hield to Philadelphia, while adding some draft assets.

McDermott returns to Indiana, where he spent three seasons before leaving for San Antonio in a sign-and-trade deal in 2021. The 32-year-old forward has seen his playing time reduced this season, but he’s a career 41.2% career shooter from long distance and is connecting at 43.9% through 46 games this season.

Although Morris is unlikely to join the Spurs, it’s something of a reunion for him as well. Gozlan notes that he was close to signing with San Antonio five years ago before changing his mind.

Hawks To Retain Dejounte Murray Past Deadline

February 8th, 2024 at 1:51pm CST by Rory Maher

The Hawks won’t be trading Dejounte Murray before the deadline, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

A former All-Star guard, Murray has been one of the most accomplished players featured in trade rumors over the past several weeks. Atlanta was reportedly seeking two first-round picks and a quality player in return for the 27-year-old, and it appears no rival team was willing — or perhaps able — to meet that asking price, at least at this time.

Murray signed a four-year, $114MM+ contract extension last offseason, so the Hawks certainly didn’t need to move him. It’s possible they’ll revisit the idea in the future, but he’s staying put for now.

Nets To Cut Harry Giles

February 8th, 2024 at 1:25pm CST by Luke Adams

Harry Giles will be a roster casualty in Brooklyn, according to Chris Haynes of Bleacher Report, who reports (via Twitter) that the Nets are waiving the big man.

Giles, a former first-round pick, returned to the NBA in 2023/24 after missing two full seasons due to knee injuries. He signed a non-guaranteed, minimum-salary contract with the Nets, earning a spot on the team’s regular season roster and then having his full salary guaranteed when he remained on the roster through January 7.

Giles played sparingly in Brooklyn, appearing in 16 games and averaging just 5.1 minutes per night. He posted 3.4 points and 1.6 rebounds per game in his limited role.

The Nets have agreed to a pair of trades today in which they’ll take back more players than they send out. Waiving Giles will allow them to complete one of those deals. They’ll have to cut one more player – either from their current roster or one of the incoming players in the first trade – in order to finalize the second transaction.

Giles, meanwhile, will clear waivers on Saturday if he goes unclaimed, and will be free to sign with any team at that point. He also remains eligible for a two-way contract.

Sixers Trade Danuel House, Second-Round Pick To Pistons

February 8th, 2024 at 1:11pm CST by Luke Adams

1:11pm: The trade is official, per NBA.com’s transaction log.

According to Shams Charania of The Athletic (Twitter links), the Pistons have already waived House, who is expected to receive interest from playoff teams.

9:59am: The Sixers have agreed to trade swingman Danuel House and a 2024 second-round pick to the Pistons, reports Adrian Wojnarowski of ESPN (Twitter link). According to Wojnarowski, the second-rounder will be New York’s pick.

The Pistons are also receiving some cash from the 76ers and will send out a top-55 protected 2028 second-round pick, per James L. Edwards III of The Athletic (Twitter link).

The move is a relatively straightforward salary dump, since shedding House’s expiring $4.3MM contract will allow Philadelphia to move from about $1.6MM above the luxury tax line to $2.7MM below it. The Pistons will get a second-round pick for their willingness to take on House’s salary and accommodate the move.

As Wojnarowski notes (via Twitter), moving off of House will allow the Sixers to be active in the buyout market without surpassing the tax line. Kyle Lowry is one notable potential target in that scenario, assuming he’s bought out by Charlotte.

Philadelphia will have a pair of open 15-man roster spots after completing its deal with the Pistons, as well as its acquisition of Buddy Hield. The 76ers will also create a trade exception worth $4.3MM.

The Pistons, meanwhile, intend to take House into the trade exception they created in last month’s deal with Washington, sources tell Edwards (Twitter link).

Detroit has agreed to a series of deals that will increase its roster count, so the Pistons will have to make at least a couple cuts to accommodate those moves and likely won’t retain some of the players they’re acquiring today. It’s unclear whether they intend to hang onto House after acquiring him.

In 34 appearance (four starts) for Philadelphia this season, House averaged 4.2 points and 1.7 rebounds in 15.0 minutes per game, with a .448/.300/.761 shooting line.

Andre Drummond Fined $15K

February 8th, 2024 at 11:44am CST by Arthur Hill

The NBA has imposed a $15K fine on Bulls center Andre Drummond for making an inappropriate gesture on the court (Twitter link).

The incident occurred late in overtime of Tuesday’s game against Minnesota after Drummond scored over Rudy Gobert, according to K.C. Johnson of NBC Sports Chicago. Drummond said he was expecting to be fined for his actions, Johnson adds.

Drummond is among the names to watch as this afternoon’s deadline gets closer. He has been linked with numerous teams in trade rumors, but the Bulls may decide to keep him in hopes making of a playoff run.

Trade Rumors: Tate, Mavs, Rockets, Suns, Porter, Raptors

February 8th, 2024 at 11:38am CST by Luke Adams

The Mavericks and Rockets spoke recently about Houston forward Jae’Sean Tate, according to Kelly Iko of The Athletic. However, league sources tell Iko that Dallas only offered a pair of second-round picks and Houston insisted on three, so the two sides didn’t reach a deal.

As Iko writes, if they do trade Tate, the Rockets would prefer to get a player who could contribute right away, but there was a belief that they could potentially reroute those second-round picks to land that sort of player.

With the trade deadline just over two hours away, the Rockets remain in the market for shooting help and a backup center, Iko reports. Houston traded for Steven Adams last week, but he’s out for the season, so the team wouldn’t mind acquiring a big man who could help in the short term.

Here a few more trade rumors from around the NBA:

According to Iko, the Rockets have received some inquiries on guard Aaron Holiday and forward Jeff Green, but won’t be looking to dump those players for minor returns, since they’ve established roles and have good relationships with head coach Ime Udoka.
Jake Fischer of Yahoo Sports (Twitter link) has heard veteran wing Otto Porter mentioned as a possible fallback trade option for the Suns. Toronto agreed to trade Porter to Utah earlier today, but there’s no guarantee the Jazz will keep him. Phoenix has no interest in Bulls center Andre Drummond, however, tweets John Gambadoro of Arizona Sports 98.7.
A league source tells Michael Grange of Sportsnet.ca (Twitter link) that there has been “not a peep” on Raptors trade candidates Bruce Brown, Chris Boucher, and Gary Trent Jr. so far today. However, it remains possible that will change in the next couple hours.