NBA Rumors - HoopsRumors.com

Jevon Carter Signs Three-Year Deal With Bulls

June 30th, 2023 at 5:49pm CST by Dana Gauruder

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

JUNE 30: Guard Jevon Carter is joining the Bulls on a three-year deal, ESPN’s Adrian Wojnarowski tweets. The Bulls are using a portion of their $12.4MM mid-level exception to secure Carter’s services.

Woj says the deal is worth $20MM, while Chris Haynes of TNT and Bleacher Report say it’s around $19MM (Twitter link), so there may be incentives within the deal. Chicago is now projected to be $9MM below the luxury tax and are hard-capped, ESPN’s Bobby Marks tweets. The Bulls are also $15MM below the first tax apron.

Carter is coming off a career year in which he appeared in all but one of Milwaukee’s regular-season games. The defensive-minded Carter started 39 of those games. Overall, he averaged 8.0 points, 2.5 rebounds and 2.4 assists.

Carter entered the free agent market by declining his $2.24MM option. Financially, it was obviously the right move for Carter, who now joins a seemingly crowded Bulls backcourt, depending on their other moves this offseason. Chicago has also reached an agreement with its own free agent guard, Coby White.

Cavaliers Sign Georges Niang To Three-Year Contract

June 30th, 2023 at 5:46pm CST by Luke Adams

JULY 6: Niang is officially a Cavalier, having formally signed his new contract with the team, per a press release.

JUNE 30: The Cavaliers and forward Georges Niang have agreed to a three-year contract worth $26MM, agents Mark Bartelstein and Andy Shiffman tell Adrian Wojnarowski of ESPN (Twitter link). The deal will be fully guaranteed, tweets Jake Fischer of Yahoo Sports.

Niang is one of the NBA’s best shooters, having made at least 40% of his three-point attempts in each of the last five seasons. While he’s not a great defender or rebounder, the 30-year-old will help space the floor for the Cavaliers, who had been in the market for frontcourt shooting.

Unless the Cavs work out a sign-and-trade agreement with Philadelphia, Niang’s former team, this signing will come out of Cleveland’s non-taxpayer mid-level exception and will hard-cap them at $172.3MM for the 2023/24 season.

As Bobby Marks of ESPN tweets, the Cavs – who also reached a contract agreement with Caris LeVert, are still projected to be about $13.5MM below the tax and $20.5MM below the first apron, so they have some flexibility to continue making moves. They’re still looking into the possibility of acquiring free agent swingman Max Strus via sign-and-trade, tweets Jake Fischer of Yahoo Sports.

Suns Sign Four Free Agents

June 30th, 2023 at 5:32pm CST by Dana Gauruder

JULY 11: The Suns have officially signed Okogie, Gerald Bourguet of PHNX Sports tweets.

“Josh plays with relentless energy. His grit, intensity and athleticism are vital to the success of our team,” Jones said in a statement. “He consistently makes winning plays on both ends of the floor. He is truly unique.”

JULY 7: After officially signing Eubanks and Bates-Diop earlier in the week, the Suns have finalized Lee’s deal as well, per a press release.

“Damion’s elite three-point shooting, championship experience and toughness help elevate our team,” general manager James Jones said in a statement. “His leadership and professionalism are pivotal as we pursue an NBA title.”

JUNE 30: The Suns have reached agreements with four free agents, including two of their own.

Forward Josh Okogie is re-signing with the Suns, Chris Haynes of TNT and Bleacher Report tweets. Guard Damion Lee is also returning on a two-year deal with a player option for the second season, ESPN’s Adrian Wojnarowski tweets.

Power forward Drew Eubanks is leaving the Trail Blazers to sign a two-year deal with a player option, The Athletic’s Shams Charania tweets. Spurs forward Keita Bates-Diop is signing with Phoenix on a two-year, $5MM contract that also features an option, Wojnarowski tweets. Bates-Diop will have a chance to earn a starting spot — presumably, he’ll battle Okogie to start alongside Kevin Durant.

Okogie started in 26 of 72 regular-season games last season for the Suns, averaging 7.3 points and 3.5 rebounds in 18.8 minutes. He also started in half of their 10 postseason games.

Lee saw action in 74 of Phoenix’s regular-season games and averaged 8.2 points in 20.4 minutes. He made a career-best 44.5% of his 3-point attempts.

Eubanks averaged 6.6 points and 5.4 rebounds in 20.3 minutes while appearing in 78 of Portland’s games, including 28 starts. He figures to play backup minutes at power forward and perhaps center. Bates-Diop started 42 of the 67 games in which he played for San Antonio last season. He averaged a career-best 9.7 points and 3.7 rebounds in 21.7 minutes.

Pacers Sign Bruce Brown To Two-Year Contract

June 30th, 2023 at 5:23pm CST by Luke Adams

JULY 6: Brown has officially signed with the Pacers, the team announced today (via Twitter).

JUNE 30: Fresh off a championship run with the Nuggets, Bruce Brown is leaving Denver for Indiana, per Alex Golden of Setting The Pace (Twitter link).

Brown is getting a significant pay raise from the Pacers, according to Adrian Wojnarowski and Malika Andrews of ESPN (Twitter link). He’ll sign a two-year contract worth $45MM, agents Ty Sullivan and Steven Heumann tell ESPN’s duo.

According to Dustin Dopirak of The Indianapolis Star (Twitter link), Brown’s new deal will include a second-year team option, so it sounds like only the first year will be guaranteed. Still, it’s a huge pay bump for Brown, who had only earned a total of $15MM across his first five NBA seasons.

Having signed with the Nuggets last summer following a two-year stint in Brooklyn, Brown averaged a career-best 11.5 points per night on .483/.358/.758 shooting in 80 games (28.5 MPG) this past season.

The 26-year-old also contributed 4.1 RPG and 3.4 APG while handling a variety of defensive assignments. In the postseason, he played the most minutes of any Denver reserve, bumping his scoring average to 12.0 PPG while shooting 51.1% from the floor.

Because Brown signed with the Nuggets just one year ago, the team only held his Non-Bird rights, which limited their maximum offer to about $7.8MM, a 20% raise on his previous $6.5MM salary. The club reportedly made that offer, but it didn’t come close to the deal the Pacers put on the table.

Brown was the No. 14 free agent on our top-50 list. His deal will come out of Indiana’s cap room. The team still projects to have nearly $15MM in space after accounting for Brown’s contract, tweets Yossi Gozlan of HoopsHype.

Bulls Re-Sign Coby White To Three-Year Deal

June 30th, 2023 at 5:20pm CST by Rory Maher

July 7: White’s deal is now official, the Bulls announced in a press release.

June 30: Restricted free agent guard Coby White is re-signing with the Bulls, agreeing to a three-year, $33MM contract, sources tell Shams Charania of The Athletic (Twitter link).

ESPN’s Adrian Wojnarowski reports (via Twitter) the deal is worth $40MM, with K.C. Johnson of NBC Sports Chicago clarifying (Twitter link) that it could “potentially” be worth $40MM. That implies there will be incentives in the contract that could increase the value.

Jake Fischer of Yahoo Sports was first to report that White was likely to return to Chicago on a three-year deal worth north of $30MM. Chicago made White a restricted free agent on Wednesday by extending him a $7,744,600 qualifying offer.

White is entering his fifth NBA season after being drafted by the Bulls with the No. 7 overall pick in 2019. He appeared in 74 games (two starts) last season, averaging 9.7 PPG, 2.8 RPG and 2.7 APG with a .443/.372/.871 shooting line in 23.4 MPG.

Several of those counting stats from ’22/23 represented career lows for White. However, he’s only 23 years old and improved in key developmental areas last season, including defense, ball-handling, decision-making and passing.

White figures to receive regular minutes again in ’23/24 with Lonzo Ball‘s status very much up in the air. Ball unfortunately had a third knee surgery that may sideline him all of next season — if not indefinitely.

Lakers Sign Taurean Prince

June 30th, 2023 at 5:20pm CST by Luke Adams

JULY 6: The Lakers’ deal with Prince is now official, the team announced in a press release.

JUNE 30: The Lakers have agreed to sign free agent forward Taurean Prince, league sources tell Shams Charania of The Athletic (Twitter link). Prince cleared waivers today after being waived by the Timberwolves on Wednesday.

According to Adrian Wojnarowski of ESPN (Twitter link), Prince’s deal with the Lakers will be worth $4.5MM for one year.

Los Angeles intends to use its bi-annual exception to complete the signing, which would leave the full mid-level exception available, tweets Dave McMenamin of ESPN. Using the BAE will hard-cap the Lakers at the first tax apron ($172.3MM) in 2023/24.

Prince was a reliable rotation piece in Minnesota for the last two years. In 123 games since the start of the 2021/22 season, he has averaged 8.1 points, 2.5 rebounds, and 1.2 assists in 19.3 minutes per night, with a solid shooting line of .460/.378/.799.

However, the Wolves ultimately decided that Prince’s $7.46MM salary for 2023/24 was a higher price than they wanted to pay and waived him before that money became fully guaranteed.

Prince had been the No. 37 player on our list of this year’s top 50 free agents.

Trey Lyles Re-Signs With Kings On Two-Year Deal

June 30th, 2023 at 5:16pm CST by Dana Gauruder

July 7: Lyles’ two-year deal is official, the Kings announced (Twitter link via Sean Cunningham of Fox 40 News).

June 30: Power forward Trey Lyles is re-signing with the Kings, Chris Haynes of TNT and Bleacher Report tweets. It’s a two-year deal, James Ham of TheKingsBeat.com tweets.

The base value of the contract is $16MM, plus bonuses, Sam Amick of The Athletic tweets. There are no team or player options in the deal.

Lyles proved to be a valuable reserve for a franchise that finally ended its long postseason drought this past season. Lyles expressed his desire to stay late last season, saying he felt “at home” in Sacramento. Lyles has also played for Utah, Denver, San Antonio and Detroit.

Lyles appeared in 74 regular season games off the bench for Sacramento, averaging 7.6 points and 4.1 rebounds in 16.9 minutes per game. Lyles, who also saw action in seven postseason contests, played for a modest $2.625MM salary last season.

Cavaliers Re-Sign Caris LeVert To Two-Year Deal

June 30th, 2023 at 5:08pm CST by Luke Adams

JULY 6: LeVert’s new deal with the Cavaliers is now official, the team confirmed (via Twitter).

JUNE 30: The Cavaliers have reached an agreement to re-sign free agent swingman Caris LeVert, according to ESPN’s Adrian Wojnarowski (Twitter link). Agent Austin Brown tells Wojnarowski that it’ll be a two-year, $32MM deal.

Chris Fedor of Cleveland.com had reported in the days leading up to free agency that LeVert would be offered a contract in the range of $15-18MM annually, so the terms come as no surprise. At that price, Cleveland still has the flexibility to continue adding to to its roster while remaining below the luxury tax line.

When the Cavaliers first traded for LeVert in 2021, they envisioned him as a scorer and play-maker who would frequently have the ball in his hands. Following the emergence of Darius Garland and the acquisition of Donovan Mitchell, Cleveland asked him to play off the ball more in 2022/23, an adjustment which was reflected in his statistics — LeVert’s 18.7% usage rate was easily his lowest since his rookie year, and his 12.1 points per game were well below the 18.5 PPG he averaged across the three previous seasons.

However, LeVert adjusted to his new role without complaint and expanded his game. His .392 3PT% last season was a career high and he took on more challenging defensive assignments to alleviate the pressure on Garland and Mitchell.

LeVert’s new deal puts him on track to return to unrestricted free agency in 2025 at age 30.

Pre-FA Updates: Toppin, Cavs, Niang, Strus, Draymond, Warriors, More

June 30th, 2023 at 4:55pm CST by Luke Adams

With just minutes before free agency begins and a flurry of contract agreements are reported, we have a few items to pass along:

The Pacers have emerged as the leading candidate to trade for Knicks forward Obi Toppin, league sources tell Marc Stein (Twitter link). Ian Begley of SNY.tv, who confirms that the two sides have recently been in contact about a potential Toppin deal, says New York is seeking draft compensation and notes that Indiana could potentially acquire the forward and his $6.8MM expiring contract using cap room, so the Knicks wouldn’t have to take a player back.
A scenario in which the Cavaliers sign Georges Niang and acquire Max Strus – either via sign-and-trade or by signing him outright – is being viewed as “increasingly likely,” according to Stein (Twitter link).
The latest whispers Stein from has heard from his sources suggest Draymond Green may get a four-year, $100MM deal to re-up with the Warriors (Twitter link).
Former No. 2 overall pick Jabari Parker is back with the team that drafted him, at least for a few games in July. The Bucks announced today that Parker is on their Las Vegas Summer League roster.
The Timberwolves have hired former NBA forward Corliss Williamson as an assistant coach, they announced today in a press release. Williams was previously a member of coaching staffs in Sacramento, Orlando, and Phoenix.

Jock Landale To Become Unrestricted Free Agent

June 30th, 2023 at 4:44pm CST by Rory Maher

The Suns have decided to withdraw their qualifying offer to Jock Landale, making the center an unrestricted free agent, league sources tell Jake Fischer of Yahoo Sports (Twitter links).

As Fischer explains, the Suns plan to target minimum-salaried players for backup center minutes behind Deandre Ayton. Landale’s QO was $2,219,706, which is slightly above the projected minimum.

Withdrawing the qualifying offer means Phoenix will lose the right of first refusal, so the Suns will be unable to match a contract offer for Landale and he is free to sign with any team. Still, it’s worth noting that the Suns will keep his Early Bird rights if other plans fall through, notes Gerald Bourguet of PHNX Sports (via Twitter).

Landale previously expressed interest in signing a long-term contract with Phoenix, effusively praising the city, fans and the organization. Fischer reported earlier today that the Suns planned to re-sign the 27-year-old, but obviously there was a change of plans.

The Australian becomes one of the more interesting backup options in a market that isn’t exactly flush with quality big men. He averaged 6.6 PPG and 4.1 RPG in 69 regular season games with the Suns (14.2 MPG), and played quite well in the team’s second-round playoff loss to the Nuggets, who went on to win their first championship.