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Suns Acquire Royce O’Neale In Three-Way Deal

February 8th, 2024 at 7:22pm CST by Dana Gauruder

7:22pm: The trade is official, according to a press release from the Grizzlies, who classified the draft asset they’re getting from the Suns as a “future first-round pick swap.”

Memphis will be able to swap its own 2026 first-round pick for the least favorable of the Suns’, Wizards’, and Magic’s first-rounders that year, tweets Chris Herrington of The Daily Memphian.

As previously reported, Brooklyn waived Thaddeus Young and Memphis cut Victor Oladipo to make room on their respective rosters for the incoming players.

4:58pm: The Suns hung onto Boston’s 2028 second-round pick, tweets Gambadoro, which means the three future second-rounders they’re sending Brooklyn are as follows:

Either the Pistons’, Bucks,’ or Magic’s 2026 second-round pick (whichever is least favorable).
The Grizzlies’ 2028 second-round pick.
The Grizzlies’ 2029 second-round pick.

12:18pm: The Nets are finalized a trade to send forward Royce O’Neale to the Suns for matching salaries and three second-round picks, Shams Charania of The Athletic tweets.

Phoenix is also acquiring forward David Roddy from the Grizzlies in exchange for a pick swap, Charania adds. (Twitter link).

The Suns are sending out Keita Bates-Diop, Yuta Watanabe, Jordan Goodwin and Chimezie Metu, John Gambadoro of 98.7 FM Phoenix tweets. They are all on minimum salary deals.

Watanabe and Metu will head to the Grizzlies, while Brooklyn will acquire Bates-Diop and Goodwin, per Duane Rankin of The Arizona Republic (Twitter link).

O’Neale is in the final year of a four-year, $36MM contract and could enter unrestricted free agency this summer with full Bird rights. He’s making $9.5MM this season.

He’ll be extension eligible with the Suns for a maximum of two-years and $20.5MM, Yossi Gozlan of Hoops Hype tweets.

Roddy is making $2.72MM this season and already had $4.83MM option for next season picked up by Memphis. Phoenix can use the $4,975,371 traded player exception it generated in the Dario Saric trade with Oklahoma City last season to absorb Roddy’s salary. That exception expires on Friday.

The Suns were considered the top suitor for the Hornets’ Miles Bridges. However, Bridges reportedly told Charlotte’s front office he wouldn’t approve any trade. Phoenix pivoted to O’Neale, who will immediately jump into its rotation.

O’Neale gives Phoenix a playoff-tested, defensive-minded veteran. He has been coming off the bench most of this season but could slot into Phoenix’s star-laden lineup if the Suns want to use Grayson Allen in a sixth-man role.

O’Neale is averaging 7.4 points, 4.5 rebounds and 2.8 assists in 24.5 minutes per game this season. He’s a career 38.1% 3-point shooter and should get plenty of open looks playing with Phoenix’s stars.

Phoenix will see its luxury tax bill rise by $13.5MM, Gozlan tweets. Overall, the Suns will have a payroll and luxury tax penalty adding up to more than $254.5MM this season, Gozlan notes in another tweet.

By swapping out four players for a pair, Phoenix will also have to add another player to reach the league minimum or 14. That will also increase their tax bill.

Watanabe and Bates-Diop are signed through next year. Metu has an expiring contract and Goodwin’s contract includes a team option for next season.

Bulls Notes: Deadline Talks, DeRozan, Caruso, LaVine

February 8th, 2024 at 7:13pm CST by Tristan Tucker

The Bulls sat out the trade deadline for the third straight season, NBC Sports Chicago’s K.C. Johnson observes. The Bulls spent months working on a potential Zach LaVine trade but after his season-ending injury, they began to weigh other options. The team fielded offers for Alex Caruso and Andre Drummond and had “cursory conversations” regarding DeRozan, maintaining they stayed active despite not making a move.

“We didn’t see anything that was going to make us better. We would take a step back, which we don’t want. We want to stay competitive,” general manager Artūras Karnišovas said. “We have an obligation to this organization and this fan base and this city to stay competitive and compete for the playoffs. That’s what we’re doing.”

The Warriors engaged the Bulls on talks with Caruso but in any potential deal, Chicago seemed to covet Jonathan Kuminga. When that offer was rebuffed, the Bulls told teams they didn’t want to trade Caruso, especially for a package of other young pieces like Moses Moody, according to Johnson. They would have had to be floored by an offer to move Caruso.

Drummond drew interest too, but the Bulls expressed to other teams they wished to remain competitive and potential landing spots like the Sixers and Mavericks sent their second-round draft capital elsewhere.

While there was some internal discussion about selling off pieces and reshaping the roster, upper management pushed those decisions to the offseason, Johnson writes. In the summer, it’s likely the Bulls will discuss LaVine trades again while they face decisions on the contract statuses of DeRozan and Patrick Williams. The Bulls have one open roster spot and are under the luxury tax, so they could be in the market for buyout players. We addressed Chicago’s potential interest in Joe Harris earlier Thursday.

We have more notes on the Bulls:

There was no significant offer out there for DeMar DeRozan, according to The Athletic’s Shams Charania, appearing on The Rally (Twitter link). There were a few interested teams but uncertainty regarding whether DeRozan would re-sign when he becomes an unrestricted free agent in the offseason was an inhibiting factor in getting a deal done. According to Charania, the Bulls want to keep DeRozan “long term.”
Charania echoed Johnson and said the Bulls had a “very high price” on Caruso, which other teams weren’t willing to meet. Charania says Chicago feels like keeping this core together is its best path forward.
DeRozan expressed a desire to remain with the Bulls on Thursday, according to Johnson. “It’s kind of like with your spouse. It’s a relationship. It’s like, ‘What do we need to do to work on this, baby?’” DeRozan said, smiling. “‘Let’s figure this thing out. You want me. I want you.’ The love is there.” Karnišovas expressed a similar sentiment, Johnson tweets. “I love DeMar,” Karnišovas said. “He’s huge for this team, this city, this organization.“
LaVine underwent right foot surgery on Thursday, according to Johnson. He was previously ruled out for the rest of the season. “We’re going to miss him,” Karnišovas said. “But we’ll see him soon and wish him well his recovery.” The original recovery timeline was four-to-six months, but according to Johnson, he could be back to basketball activities in closer to three months. He would still miss the rest of the season but could begin his typical offseason work.
The bigger question regarding LaVine is his future with the organization, Johnson writes. As mentioned, the team held trade talks regarding him last offseason and before the deadline. However, Johnson’s source close to LaVine emphasizes he never specifically asked to be traded. “I don’t have any concerns,” Karnišovas said on whether he worried if failing to find a trade would impact the relationship between the two sides. “I think Zach wants to win. Bottom line, we’re a better team with Zach on the team. It’s as simple as that.“

Wizards Trade Daniel Gafford To Mavericks

February 8th, 2024 at 7:12pm CST by Arthur Hill

7:12pm: The trade sending Gafford to the Mavericks in exchange for Holmes and a 2024 first-round pick is official, the Wizards announced in a press release.

Washington will be receiving the second-least favorable of the Thunder’s, Clippers’, Rockets’ (top-four protected), and Jazz’s (top-10 protected) 2024 first-rounders.

12:11pm: The Mavericks will be acquiring the Thunder’s second-least favorable 2024 first-round pick in order to reroute it to the Wizards, reports Stein (Twitter link). Details on that separate deal can be found right here.

10:25am: The Mavericks are nearing a deal to acquire Daniel Gafford from the Wizards in exchange for Richaun Holmes and draft picks, tweets Adrian Wojnarowski of ESPN.

Dallas has been in the market for another big man and lands a reliable rim protector in Gafford, who has been Washington’s starting center for the better part of the last three seasons. The 25-year-old is posting career highs across the board with 10.9 points, 8.0 rebounds, 1.5 assists, 1.0 steals and 2.2 blocks through 45 games.

Gafford is under contract on a team-friendly deal at $12.4MM this season, $13.4MM next season and $14.4MM for 2025/26. He will fortify the Mavericks’ front court and will likely split time at center with rookie Dereck Lively II.

Holmes, 30, was acquired from the Kings last offseason but never established himself as part of the Mavs’ rotation. He appeared in 23 games, starting two, and averaged 3.4 points and 3.4 rebounds in 10.3 minutes per night. He’s making $12MM this year and holds a $12.9MM player option for next season.

The Mavericks are trying to acquire draft assets from other teams so they can send them to Washington to complete the trade, sources tell Marc Stein (Twitter link). Stein adds that Dallas is close to a deal with the Thunder for draft compensation that will be relayed to the Wizards (Twitter link).

Mavericks Acquire P.J. Washington From Hornets

February 8th, 2024 at 6:43pm CST by Arthur Hill

6:43pm: The deal is official, according to press releases from both teams. The Hornets’ announcement indicates that the two draft picks they sent to Dallas are second-rounders in 2024 and 2028.

Charlotte’s lone 2024 second-round selection is Boston’s pick, so that will presumably be the one headed to the Mavericks. The Hornets own the Clippers’ 2028 second-rounder as well as their own, so it’s unclear which of those was included in the deal.

The Hornets didn’t announce in their press release which player they waived to complete the one-for-two trade, but an earlier report stated that James Bouknight was being let go.

12:07pm: The Hornets will send P.J. Washington to the Mavericks in exchange for Grant Williams, Seth Curry and a first-round pick, tweets Shams Charania of The Athletic.

The pick will be Dallas’ 2027 selection, which will be top-two protected, Charania adds (Twitter link). In return, the Mavs will get two second-rounders from Charlotte.

Dallas was willing to part with its last tradeable first-rounder so it could keep Josh Green out of the deal, sources tell Marc Stein (Twitter link).

Washington provides Dallas with a reliable frontcourt scorer on a manageable long-term contract. He’s signed through the 2025/26 season with annual salaries of $16.8MM, $15.5MM and $14.1MM and has a bonus of $500K if he plays at least 74 games or 2,400 minutes, which is considered unlikely, according to Bobby Marks of ESPN (Twitter link).

The 25-year-old forward has been with Charlotte since being selected with the 12th pick in the 2019 draft. He was used mainly off the bench this year after starting last season and was averaging 13.6 points, 5.5 rebounds and 2.2 assists in 44 games.

The Mavericks find a way to move off the four-year deal they gave Williams last summer in a sign-and-trade with Boston. He’s making $12.4MM this year and is owed $13MM, $13.6MM and $14.2MM over the next three seasons. Williams, 25, hadn’t provided the fit that Dallas was hoping for and was averaging just 8.1 points and 3.6 rebounds in 26.4 minutes per night.

Curry, who heads to his hometown in the trade, is effectively an expiring contract as his $4MM salary for next season is non-guaranteed. The 33-year-old shooting specialist appeared in 36 games after signing with the Mavericks last summer, but was averaging just 4.3 PPG and playing 12.7 minutes per night.

Sixers, Pacers, Spurs Complete Hield, McDermott Deals As Three-Team Trade

February 8th, 2024 at 6:40pm CST by Luke Adams

The Pacers, Sixers, and Spurs have folded a pair of separate trade agreements into a single transaction, announcing in a series of press releases that the deals sending Buddy Hield to Philadelphia and Doug McDermott to Indiana have been officially completed as a three-team trade.

The Pacers initially agreed to acquire Marcus Morris, Furkan Korkmaz, three second-round picks, and cash from Philadelphia in exchange for Hield, then reached a deal to flip Morris, one of those second-rounders to San Antonio, and cash for McDermott. Those three pieces will go directly to the Spurs instead.

Here are the full details:

Sixers acquire Hield.
Pacers acquire McDermott, Korkmaz, the Raptors’ 2024 second-round pick (from Sixers), the Trail Blazers’ 2029 second-round pick (from Sixers), and cash (from Sixers).
Spurs acquire Morris, the Clippers’ 2029 second-round pick (from Sixers), and cash (from Sixers).

The 2024 second-round pick going from Philadelphia to Indiana technically includes “most favorable” language and could come from a different team, but there’s essentially no chance it won’t be Toronto’s second-rounder, given their place in the standings.

Folding the two trades into one deal doesn’t materially change much, but it will introduce one notable new wrinkle. If Morris had been traded to Indiana, then sent to San Antonio in a separate deal, he would’ve been eligible to re-sign with the Sixers in the event the Spurs buy him out. However, due to the structure of the deal, he now won’t be permitted to sign with Philadelphia if he’s waived by San Antonio.

A player is prohibited from rejoining a team that traded him if his new team waives him, but if he’s traded twice before being cut, he’s only ineligible to join the club that traded him most recently.

Korkmaz, who is being waived by the Pacers, will also be prohibited from re-signing with the Sixers, though as we noted in a separate story, that was never a likely outcome.

For more details on the Hield and McDermott deals, check out our full stories on the trade agreements.

Pacers Acquire Cory Joseph, Will Waive Him

February 8th, 2024 at 5:53pm CST by Dana Gauruder

5:53pm: The trade is official, the Warriors confirmed in a press release (Twitter link).

3:47pm: The Pacers intend to waive Joseph, according to ESPN’s Adrian Wojnarowski (Twitter link). Essentially then, Indiana’s motive in the deal was to sell off the worst of its 2024 second-round picks.

2:23pm: The Pacers are acquiring veteran guard Cory Joseph from the Warriors, according to The Athletic’s Shams Charania. Indiana is sending out a second-round pick for Joseph and cash (Twitter links).

The pick will be in this year’s draft and will be the least favorable of the three second-rounders the Pacers currently control, per Anthony Slater of The Athletic (Twitter links). That second-rounder will likely be Milwaukee’s or Cleveland’s.

The Pacers are receiving $5.8MM in cash from Golden State and will also acquire Charlotte’s top-55 protected 2025 second-rounder, reports John Hollinger of The Athletic (Twitter link).

Golden State will reduce its luxury tax penalty by $13.5MM by lopping off Joseph’s $2MM cap hit, Yossi Gozlan of Hoops Hype tweets. The Warriors now have a $172.8MM projected luxury tax penalty with a $379MM combined payroll and tax payments.

Indiana has a roster spot opening, so it doesn’t need to waive a player to make room for Joseph. The Pacers have plenty of depth at point guard, so it’s unclear whether it has any plans for the 32-year-old. Joseph has appeared in 26 games off the bench this season, averaging 2.4 points and 1.6 assists in 11.4 minutes.

Joseph played the past two seasons and part of the previous campaign with Detroit.

Buyout Rumors: Tucker, Lowry, Dinwiddie, Harris

February 8th, 2024 at 5:40pm CST by Tristan Tucker

Clippers forward P.J. Tucker is not requesting a buyout and is expected to remain with the team through the remainder of the season, according to TNT and Bleacher Report’s Chris Haynes (Twitter link). This comes after trade attempts involving Tucker fell short, Haynes adds. This was the expected outcome if Tucker wasn’t moved at the deadline.

It’s no secret Tucker wasn’t thrilled with his role after landing with the Clippers in the James Harden trade at the beginning of the season. After starting in all 78 of his appearances with the Sixers after signing there in 2022, Tucker has only played in just 12 games with Los Angeles. averaging 14.4 minutes per game.

“I want to be somewhere where I’m needed, wanted and can do it all. I don’t know what’s going to happen but I have my fingers crossed and I’m hoping to go somewhere else whether I get bought out and choose where I go or where I can play,” Tucker said before the deadline to Andscape’s Marc J. Spears (Twitter link).

Tucker was once seen as a “strong” candidate to be moved before the deadline, but the fact that he has an $11.5MM player option for next season appears to have been an issue for opposing teams. The most likely step forward for both sides is Tucker accepting his player option in the offseason and then the two sides working together to find a deal that suits him when teams have a clearer idea of their 2024/25 plans.

For what it’s worth, Tucker seemingly expressed frustration at the situation in an Instagram story following the deadline, with the story reading “All this s— is a f—ing joke” (Instagram link).

We have more rumors regarding the buyout market:

Hornets point guard Kyle Lowry is the Sixers‘ top priority on the market if he and Charlotte come to terms on a buyout agreement, according to NBA insider Marc Stein (Twitter link). The Sixers have been making moves all day to clear salary (Danuel House) and playing time (Jaden Springer, Patrick Beverley) in the guard room, so Lowry is a sensible addition.
The Lakers, Mavericks, Pelicans and Sixers are expected to have interest in Spencer Dinwiddie after he was waived by the Raptors earlier Thursday, The Athletic’s Shams Charania said on Stadium’s live trade deadline show (hat tip to RealGM). Dinwiddie is ineligible to sign with the Celtics, Nuggets, Warriors, Clippers, Heat, Bucks and Suns, whose team salaries are above the tax apron, so that list of four interested teams includes some of the top playoff contenders available for Dinwiddie to sign with. He averaged 12.6 points and 6.0 assists in 48 games (all starts) with the Nets this season.
The Lakers are indeed among the frontrunners to sign Dinwiddie, confirms ESPN’s Dave McMenamin (Twitter link). Los Angeles is a good position to land the 6’5″ guard, because the Lakers are able to offer around $1.5MM prorated because they didn’t give Gabe Vincent the full mid-level exception in the offseason, McMenamin adds (Twitter link). Other teams are only able to offer around $1MM.
The Bulls stood pat at the trade deadline and are likely to make moves to supplement a potential playoff push, according to NBC Sports Chicago’s K.C. Johnson. Former Pistons sharpshooter Joe Harris could be a target for Chicago on the buyout market after he was waived by Detroit. Johnson adds the Bulls tried to acquire Bojan Bogdanovic from Detroit.

Hornets To Cut James Bouknight

February 8th, 2024 at 4:55pm CST by Luke Adams

The Hornets have decided to part ways with former lottery pick James Bouknight, who will be placed on waivers, according to Shams Charania of The Athletic (Twitter link).

Charlotte has to make multiple cuts today, since the team agreed to trade Gordon Hayward for three players and P.J. Washington for two.

The 11th overall pick in the 2021 draft, Bouknight never developed into a reliable rotation player for the Hornets, averaging 4.8 points and 1.7 rebounds in 11.4 minutes per game across 79 career appearances. His shooting line during that time was just .363/.335/.762.

Bouknight also had some legal troubles after making his NBA debut and has battled injuries. The 23-year-old underwent surgery to repair a meniscus injury in his left knee in October, which delayed his debut this season.

The Hornets declined their fourth-year option for 2024/25 on Bouknight, so he’s on an expiring contract and will count against Charlotte’s cap for $4.57MM in ’23/24. The team won’t be on the hook for any money for him beyond this season.

Bouknight will be eligible to sign with any team after clearing waivers.

Blazers Sign Ashton Hagans On 10-Day Deal

February 8th, 2024 at 4:38pm CST by Dana Gauruder

4:38pm: The Blazers have officially signed Hagans to a 10-day deal, the team announced in a press release. It will cover Portland’s next four games, then expire during the All-Star break.

3:13pm: The Trail Blazers are signing Ashton Hagans on a 10-day contract, ESPN’s Adrian Wojnarowski tweets.

Hagans has been playing for the Blazers’ Remix NBA G League affiliate in Portland. He averaged 15.3 points, 4.8 rebounds, 9.0 assists and 1.8 steals in 15 starts with Remix.

Hagans was waived early in training camp by Portland, then signed with the G League affiliate. Hagans had a two-way contract with Minnesota in 2020/21 but only appeared in two NBA contests. He spent the last two seasons with the Raptors’ and Hornets’ G League teams.

Portland had a roster opening to add the 24-year-old guard and Hagans could see some action with Shaedon Sharpe out indefinitely due to a core muscle injury.

Pistons Waive Killian Hayes

February 8th, 2024 at 4:31pm CST by Luke Adams

4:31pm: The Pistons have officially waived Hayes, the team confirmed today (Twitter link).

12:57pm: Former lottery pick Killian Hayes will be released by the Pistons, according to a report from James L. Edwards III and Shams Charania of The Athletic (Twitter link).

The seventh overall pick in the 2020 draft, Hayes entered the NBA with a reputation for being a solid defender and passer whose offensive game was a work in progress. That’s essentially still the case, as his shooting percentages have increased only marginally over the course of his four NBA seasons.

Hayes averaged 6.9 points, 4.9 assists, and 2.8 rebounds in 24.0 minutes per game across 42 appearances (31 starts) this season, with a shooting line of .413/.297/.660. Those field goal and three-point percentages actually represent career bests.

The Pistons reportedly explored the trade market for Hayes prior to Thursday’s deadline – talking to the Grizzlies, among other teams – but apparently didn’t find a deal to their liking. The team agreed to a series of trades that will bring in seven players while sending out three, so the 22-year-old guard will be a victim of the roster crunch, joining Joe Harris among those waived.

Cutting Hayes and Harris will put the Pistons in position to complete at least one and potentially two of their three reported trade agreements. They’ll need to waive two more players to finalize all three deals, but those last two cuts could come from their group of newly acquired players.

Hayes will be eligible to sign with any NBA team if and when he clears waivers, since his salary is well shy of this season’s non-taxpayer mid-level exception.