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Heat Rumors: Strus, Robinson, Herro, Bouyea

July 2nd, 2023 at 6:29pm CST by Dana Gauruder

The Heat didn’t go beyond their initial offer to Max Strus, according to Ira Winderman of the South Florida Sun Sentinel (Twitter link).

Strus attracted plenty of attention on the free agent market and Miami eventually agreed to a sign-and-trade with the Cavaliers that turned into a three-team swap. Strus wound up with a four-year, $63MM contract, far more than the Heat were willing to pay him. The Heat will get a traded player exception worth approximately $7MM in the deal.

Miami did make a counter-offer for Gabe Vincent, Winderman adds, but it couldn’t stop him from agreeing to a three-year contract with the Lakers for more money.

We have more on the Heat:

Orlando Robinson has signed a standard minimum-salary contract but he has some work to do to earn the full value for 2023/24, Winderman tweets. There are conditional elements to the contract, including guarantee dates. One of those stipulations is that he must make the opening-night roster.
The Nets have been contacted regarding the possibility of acquiring Tyler Herro in order to facilitate a Damian Lillard deal between the Trail Blazers and Heat, Barry Jackson of the Miami Herald tweets. This confirms another report that the Nets were interested in Herro, whose four-year, $120MM extension kicks in next season.
Herro may be weary of hearing his name in trade rumors. For what it’s worth, Herro has removed “Miami Heat Guard” from the header on his Twitter feed and replaced it with “Slow motion,” NBA Central relays (Twitter link).
Jamaree Bouyea, recently signed to a two-way contract, believes he can become the next Heat success story among undrafted players, Anthony Chiang of the Miami Herald tweets. Bouyea played on separate 10-day contracts with the Heat and Wizards as an undrafted rookie last year. “I like how they just invest, they invest in their young guys,” he said. “Obviously, they have a bunch of undrafted talent that got paid this offseason and offseasons before this, as well.”

Stein’s Latest: Mavs, Thybulle, J. Allen, Maxey, D. Powell

July 2nd, 2023 at 5:45pm CST by Luke Adams

In addition to their previously reported interest in Grant Williams, the Mavericks have their eye on another restricted free agent, Matisse Thybulle of the Trail Blazers, league sources tell veteran NBA reporter Marc Stein (Substack story).

It’s unclear if Dallas has a real shot at either player — according to Stein, the Celtics and Blazers have been sending “behind-the-scenes signals” that they plan to match any offer sheet on their respective RFAs, and the over-the-cap Mavericks will be limited to the mid-level exception.

Besides pursuing another wing, the Mavericks would still like to upgrade their center spot. They explored trades for Clint Capela and Deandre Ayton and would have been interested in Naz Reid if he had reached free agency, Stein writes. For now, Dwight Powell and Richaun Holmes appears poised to vie for the starting job as lottery pick Dereck Lively adjusts to the NBA.

Here’s more from Stein’s latest look around the league:

There have been some “whispers” this week that Cavaliers center Jarrett Allen may be more available via trade than the team is letting on, says Stein. Allen was an All-Star in 2021/22 and had another solid season in ’22/23, but struggled to make an impact during Cleveland’s first-round playoff loss to New York.
Stein, like some other reporters, has heard that the Sixers have essentially made Tyrese Maxey untouchable in trade discussions. A team source tells Stein that Philadelphia views Maxey as an integral part of the club’s future and is adamant that he won’t be available in any trade.
According to Stein, Dwight Powell received “serious” interest from the Rockets before deciding to remain with the Mavericks. Houston pivoted to Jock Landale after Powell chose Dallas, Stein explains.

Jazz Sign All Three First-Round Picks

July 2nd, 2023 at 4:57pm CST by Dana Gauruder

The Jazz have signed their three first-round picks — forward Taylor Hendricks, guard Keyonte George, and forward Brice Sensabaugh — to rookie scale contracts, according to a team press release.

Hendricks, the No. 9 overall pick, will make $5,569,920 in his first season. He’ll bank $25,351,580 over the life of the four-year contract. The UCF product averaged 15.2 points, 7.0 rebounds and 1.7 blocks in 34.7 minutes during his only college season.

George will receive $3,889,800 in his first season. The four-year contract is worth $18,816,885.

The No. 16 pick started 33 games for Baylor in his lone collegiate season and averaged 15.3 points, 4.2 rebounds, 2.8 assists, and 1.1 steals in 28.7 minutes per game. He was named the Big 12 Freshman of the Year.

Sensabaugh, taken with the 28th pick out of Ohio State, will bring in $2,448,600 as a rookie. The four-year deal is worth $12,576,077. He appeared in 33 games last season and averaged 16.3 points. 5.4 rebounds, and 1.2 assists in 24.5 minutes per game.

First-round picks virtually always sign contracts worth 120% of their rookie scale amount and the above figures represent those amounts. Rookie scale contracts are guaranteed for the first two years, with team options on the third and fourth years.

Nick Smith Signs Rookie Contract With Hornets

July 2nd, 2023 at 4:31pm CST by Dana Gauruder

Nick Smith Jr. has signed his rookie contract with the Hornets, according to the NBA transactions log.

The 6’5” guard out of Arkansas, who missed nearly two months of his lone college season due to a knee injury, will receive $2,463,960 if he signed for the usual 120% of the rookie scale amount at his slot.

The 27th overall pick will make $12,651,907 over his first four NBA seasons if the team options are eventually exercised for the final two years.

Smith was the second of Charlotte’s two first-round picks. The Hornets drafted potential franchise player Brandon Miller with the No. 2 pick.

Smith could jump right into the Hornets’ rotation as LaMelo Ball‘s backup.

Nuggets Sign Justin Holiday To One-Year Deal

July 2nd, 2023 at 4:26pm CST by Luke Adams

JULY 6: The Nuggets have officially signed Holiday, according to the transaction log at NBA.com.

JULY 2: Veteran swingman Justin Holiday has found a new home in free agency, according to Adrian Wojnarowski of ESPN (Twitter link), who reports that Holiday has agreed to sign a one-year contract with the defending champion Nuggets.

A 10-year NBA veteran, Holiday will be joining the 10th team of his career. The 34-year-old has 622 regular season games under his belt, including 46 last season for the Hawks and Mavericks. He averaged 4.5 points and 1.2 rebounds in 15.3 minutes per game in limited roles for the two teams.

Holiday isn’t a big-time scorer, but can make an outside shot (.363 career 3PT%) and is a solid, versatile wing defender with good size (6’6″). He should be a good fit in the Nuggets’ locker room as another veteran leader, even if he may not play a whole lot, as Mike Singer of The Denver Post tweets.

Because they’ve committed their $5MM taxpayer mid-level exception to Reggie Jackson, the Nuggets are limited to offering minimum-salary contracts to outside free agents. Singer confirms that’s what Holiday will receive (Twitter link).

Holiday will earn just shy of $3.2MM on a veteran’s minimum contract, while Denver will take on a cap hit of about $2.02MM.

Knicks’ Josh Hart Commits To Team USA For World Cup

July 2nd, 2023 at 4:16pm CST by Rory Maher

Knicks wing Josh Hart has committed to play for Team USA for the 2023 World Cup, which kicks off next month, sources tell ESPN’s Adrian Wojnarowski (Twitter link). Hart confirmed the news by tweeting out American flag emojis.

As Wojnarowski notes, Hart will be the final addition to the 12-man roster that also features his Knicks teammate, Jalen Brunson. The other 10 players who have committed to play are Anthony Edwards, Tyrese Haliburton, Austin Reaves, Paolo Banchero, Mikal Bridges, Brandon Ingram, Jaren Jackson Jr., Cameron Johnson, Walker Kessler and Bobby Portis, per Tim Bontemps of ESPN (via Twitter).

Hart unexpectedly exercised his $12.96MM player option for 2023/24, forgoing free agency. It seems likely that he’ll sign a long-term deal with New York once he becomes extension-eligible in August.

In 76 games (32.3 MPG) with the Trail Blazers and Knicks last season, the 28-year-old averaged 9.8 PPG, 7.8 RPG, 3.2 APG and 1.2 SPG on a .529/.372/.750 shooting line. He’ll bring plenty of energy and toughness to Team USA this summer.

The Americans will start training camp for the World Cup in early August, with their first game scheduled later that month in the Philippines.

Gradey Dick Signs Rookie Contract With Raptors

July 2nd, 2023 at 4:01pm CST by Dana Gauruder

Gradey Dick has signed his rookie contract with the Raptors, according to NBA’s transactions log.

Assuming Dick signed a contract worth 120% of his rookie scale amount, which is normal practice in the league, he’ll make $4,536,720 in his rookie season. Over the next four seasons, the contract will be worth $21,422,550.

Rookie scale contracts are guaranteed for the first two years, with team options on the third and fourth years.

The No. 13 overall pick in the draft, Dick started 36 games in his lone season at Kansas. The 6’8” Dick averaged 14.1 points, 5.1 rebounds and 1.7 assists. He made 40.3% of his 3-point tries and was considered one of the top pure shooters in the draft.

Nets Sign Lonnie Walker To One-Year Deal

July 2nd, 2023 at 3:50pm CST by Dana Gauruder

JULY 10: The signing is official, according to a team press release.

JULY 2: The Nets are signing free agent swingman Lonnie Walker on a one-year contract, ESPN’s Adrian Wojnarowski tweets.

The Lakers were interested in re-signing Walker but he could find more playing time in Brooklyn. Walker made $6,479,000 in his one season with the Lakers and he became an unrestricted free agent after the season.

The 24-year-old Walker, who played four seasons with San Antonio, appeared in 56 regular-season games (32 starts) with the Lakers. He averaged 11.7 points, 1.9 rebounds and 1.1 assists in 23.2 minutes. He also appeared in 13 postseason contests, averaging 6.2 points in 13.8 minutes.

How exactly Walker slots into Brooklyn’s rotation remains to be seen. The Nets have a glut of wings, so the addition of Walker could signal some other moves.

The team has also parted ways with Patty Mills and Joe Harris this offseason, so there could be a path to minutes even without further roster shuffling, though fellow newcomer Dennis Smith Jr. also figures to have a role in the backcourt.

Bulls Apply For Disabled Player Exception

July 2nd, 2023 at 3:42pm CST by Rory Maher

The Bulls have applied for a disabled player exception due to Lonzo Ball‘s knee injury, which is expected to sideline him for the entire 2023/24 season, tweets Shams Charania of The Athletic.

Chicago confirmed the news (Twitter link via K.C. Johnson of NBC Sports Chicago). VP of basketball operations Arturas Karnisovas previously stated the team didn’t expect Ball to play next season.

Ball underwent a third left knee surgery in March — a cartilage transplant — after two previous surgeries were unable to clear up persistent discomfort when he tried to ramp up his on-court activities. The 25-year-old has been sidelined since January 14, 2022, when he originally tore his meniscus.

A disabled player exception grants an over-the-cap team some extra spending power when it loses a player to an injury deemed more likely than not to sideline him through at least June 15, 2024.

The exception is worth either half the injured player’s salary or the value of the mid-level exception, whichever is lesser. In this case, Ball’s ’23/24 salary is $20.46MM, so Chicago’s DPE would be worth $10.23MM if the NBA grants the request.

As we explain in our glossary entry, the disabled player exception can be used to sign a free agent, to claim a player off waivers, or to acquire a player in a trade. The exception can only be used on a single player and can only accommodate a player on a one-year deal. A free agent signee can’t get a multiyear contract, and any trade or waiver target must be in the final year of his contract.

Although the disabled player exception gives a team extra cap flexibility, it doesn’t open up an extra spot on the 15-man roster. The club must have a roster spot available to use the DPE to add a player.

Ball holds a $21.4MM player option for ’24/25, the final year of his contract.

Eric Gordon Signs Two-Year Contract With Suns

July 2nd, 2023 at 3:05pm CST by Dana Gauruder

JULY 6: The Suns have officially signed Gordon, the team announced in a press release.

“Eric is a winning player who will make our team more dynamic and help us in our pursuit of an NBA championship,” general manager James Jones said in a statement.

JULY 2: The Suns have reached an agreement with free agent guard Eric Gordon, Shams Charania of The Athletic tweets. Gordon had multiple suitors and turned more lucrative offers to join one of the prime contenders for the 2024 championship, Charania adds (Twitter link).

It’s a two-year contract with a player option, Duane Rankin of the Arizona Republic tweets. Due to its salary-cap issues, Phoenix could only offer Gordon the veteran’s minimum after he passed through waivers.

Gordon became a free agent when the Clippers declined to guarantee his $20.9MM salary for next season. The Clippers had luxury tax issues and decided to give Gordon’s minutes to younger players.

Gordon now becomes at least a key second-unit performer on a potentially powerhouse team. He could be the leading scorer off the bench while playing alongside Cameron Payne or Damion Lee in the backcourt. It’s conceivable Gordon could slide into the starting unit with Devin Booker and Bradley Beal at the wing positions. He’s been a starter in 627 of 818 career NBA regular-season games.

After clearing waivers, Gordon had narrowed his choices to the Suns, Warriors and Rockets, according to Kelly Iko of The Athletic (Twitter link). The Warriors had made Gordon their top backcourt target on the free agent market via a veteran’s minimum deal, Anthony Slater of The Athletic tweets. However, the pathway to minutes in Golden State’s backcourt — with the addition of Chris Paul — would have been murkier than the Suns’ current situation.

L.A. acquired Gordon from the Rockets in a three-team deal at the trade deadline. He averaged 11.0 PPG and shot 42.3% from three-point range in his 22 regular season games with the Clippers and put up similar numbers in the playoffs.

Gordon joins a host of other free agents who have reached agreements with the Suns in the early days of free agency. The Suns have also secured the services of Drew Eubanks, Keita Bates-Diop, Josh Okogie, Lee, Yuta Watanabe and Chimezie Metu.

The addition gives Phoenix a full 15-man roster. The Suns’ roster now exceeds $250MM in total payroll and luxury tax penalties, Yossi Gozlan of HoopsHype notes (Twitter link).