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Timberwolves Promote Matt Lloyd to General Manager

July 10th, 2024 at 4:01pm CST by Luke Adams

The Timberwolves have promoted senior VP of basketball operations Matt Lloyd, announcing today in a press release that he has been named the team’s new general manager.

The promotion cements Lloyd’s place as the No. 2 man in Minnesota’s front office, behind only president of basketball operations Tim Connelly.

“We are thrilled for Matt and his well-earned promotion,” Connelly said in a statement. “He’s a wonderful teammate whose tireless work ethic and positivity have made a huge impact on our organization.”

Lloyd was one of Connelly’s first hires back in 2022 after having previously served in Orlando’s front office as an assistant general manager, interim GM, and VP of basketball operations. He also had a lengthy stint in the Bulls’ front office earlier in his career.

Lloyd was a finalist in Charlotte when the Hornets were seeking a new head of basketball operations earlier this year. According to Jon Krawczynski of The Athletic (Twitter link), even after they hired Jeff Peterson in that role, the Hornets offered Lloyd a similar role in their new-look front office to the one he had in Minnesota, but he opted to remain with the Wolves. Now he has been rewarded with a promotion.

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Mavericks Re-Sign Brandon Williams To Two-Way Contract

July 10th, 2024 at 3:31pm CST by Luke Adams

The Mavericks have re-signed point guard Brandon Williams to a two-way contract, the team announced today in a press release.

Williams, 24, has been playing professionally since going undrafted in 2021, bouncing between the G League and the NBA during the past three seasons. He joined the Mavericks last December on a two-way deal and appeared in 17 regular season games for Dallas the rest of the way, averaging 3.2 points and 1.0 assist in 6.6 minutes per night.

In 19 outings at the G League level for the Osceola Magic and the Texas Legends in 2023/24, Williams averaged an impressive 25.3 points, 6.1 assists, and 4.9 rebounds in 34.9 minutes per game, posting a shooting line of .475/.345/.842.

The Mavericks issued Williams a two-way qualifying offer at the end of June, ensuring they’d have the right to match any offer he received from another team. Instead, he’s back under contract with Dallas on a new two-way deal, possibly having simply accepted that QO.

Dallas now has one available two-way slot, with Alex Fudge and Williams filling two of the three.

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Pistons Sign Cade Cunningham To Five-Year Max Extension

July 10th, 2024 at 3:17pm CST by Rory Maher

JULY 10: Cunningham’s maximum-salary extension is official, the Pistons announced today in a press release.

Cunningham is the third player to sign a max rookie scale extension this offseason, joining Scottie Barnes of the Raptors and Franz Wagner of the Magic.

JULY 9: The Pistons and Cunningham are in agreement on a five-year, maximum-salary rookie scale extension, agents Jeff Schwartz and James Dunleavy tell Adrian Wojnarowski of ESPN (Twitter link).

Wojnarowski says it’s a $224MM deal that could be worth up to $269MM, which means it will include Rose rule language that could bump the starting salary from 25% of the 2025/26 cap to 30% if Cunningham makes an All-NBA team

JUNE 30: The Pistons intend to sign 2021 No. 1 overall pick Cade Cunningham to a five-year, rookie scale max extension, sources tell Shams Charania and James L. Edwards III of The Athletic (Twitter link).

The exact value of Cunningham’s extension is currently unknown. If the salary cap rises by 10% in 2025/26, which is when the extension will kick in, it would be worth approximately $224MM.

ESPN’s Bobby Marks hears (via Twitter) that while Detroit and Cunningham have discussed an extension, a deal doesn’t appear to be imminent. However, Omari Sankofa II of The Detroit Free Press has sources who say it’s on track to get done. The guard can’t officially sign anything until July 6.

After a promising ’21/22 campaign which saw Cunningham finish third in Rookie of the Year voting, the 22-year-old was limited to just 12 games due to season-ending surgery in ’22/23. Despite the Pistons finishing with the NBA’s worst record in ’23/24, Cunningham had a strong third season, averaging 22.7 PPG, 4.3 RPG, 7.5 APG and 0.9 SPG on .449/.355/.869 shooting in 62 games (33.5 MPG).

Assuming Cunningham’s contract comes to fruition, which seems likely, he would join Raptors forward Scottie Barnes as the second player from the 2021 draft class to agree to a rookie scale extension. The full list of players eligible for rookie scale deals can be found right here.

While Barnes agreed to an extension that features Rose rule language, potentially allowing him to earn 30% of the ’25/26 salary cap instead of 25%, the terms Charania and Edwards reported suggest that Cunningam might not have gotten that offer from Detroit. Either way, it’s a major commitment to the 6’6″ guard, who will earn $13.94MM in ’24/25, which is the final season of his rookie scale contract.

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NBA Finalizes Media Rights Deals With ESPN, NBC, Amazon

July 10th, 2024 at 2:59pm CST by Luke Adams

The NBA has finalized deals with ESPN, NBC, and Amazon Prime, reaching agreements to make the three broadcasters its media rights partners for the next decade-plus, reports Andrew Marchand of The Athletic. According to Marchand, the 11-year contracts – which will go into effect with the 2025/26 season – will be worth a total of approximately $76 billion.

These agreements had been anticipated for quite some time, but they still don’t entirely close the book on the NBA’s latest round of media rights negotiations.

The next step, Marchand explains, will be for the league’s Board of Governors to officially approve the deals with the three prospective TV partners. That’s viewed as a formality and is expected to happen when the board meets in Las Vegas on Tuesday.

Once the Board of Governors signs off on the contracts, they’ll be sent to TNT Sports, the NBA’s longtime media partner, which was unable to agree to terms with the league during this round of negotiations. TNT’s previous deal with the NBA reportedly includes some form of matching rights, so the broadcaster will have five days to decide whether it wants to attempt to exercise those rights.

If TNT passes on that opportunity, the NBA is expected to officially announce its new media rights deal prior to the start of the Olympics later this month, according to Marchand.

If TNT opts to match one of the offers – the expectation is that Amazon’s package would be the target, per Marchand – it could extend the process. The expectation is that there could be a legal battle over whether TNT’s matching rights would be valid, given the differences between what a cable channel like TNT and a streaming giant like Amazon could offer the league.

Marchand provides some additional details on the broadcast plans, assuming ESPN, NBC, and Amazon ultimately move forward as the NBA’s partners:

  • ESPN would slightly reduce its total number of games, from about 100 to 80 per season. During the NFL season, ESPN would air games on Wednesday and Sundays, with ABC getting Saturday night games. ESPN would also air Friday games after the NFL season concludes.
  • NBC would air Sunday night games after the NFL season ends, emulating its “Sunday Night Football” broadcasts. NBC is also expected to broadcast games on Tuesday throughout the season, with Monday games on Peacock, its streaming service.
  • Amazon Prime Video is expected to air games on Thursday nights after the NFL season wraps up, similar to its “Thursday Night Football” broadcasts during the NFL season. Amazon will also likely broadcast games on Fridays and Saturdays throughout the season.
  • Amazon will be the home of the NBA’s in-season tournament.
  • All three broadcast partners will air playoff games. Amazon and NBC will each have a conference finals every other year, while ESPN will have one every year. ESPN/ABC will also get the NBA Finals each season.

ESPN is expected to pay about $2.6 billion per season for its rights, while NBC will pay $2.5 billion and Amazon will pay $1.8 billion, per Marchand.

The NBA’s previous media rights agreement with TNT and ESPN, which began in the 2016/17 season, was worth $24 billion over nine seasons. The new money that came in as a result of that deal generated a significant salary cap spike in 2016 (approximately 35%), but the NBA and NBPA have taken steps to ensure that won’t happen again this time around, with annual cap increases capped at 10%.

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Pacific Notes: DeRozan, Porter, Kawhi, Morris, Suns

July 10th, 2024 at 2:17pm CST by Luke Adams

DeMar DeRozan‘s three-year deal with the Kings came in at $73,710,000 in total base salary, with an additional $3MM ($1MM per season) in additional incentives, Hoops Rumors has confirmed. Michael Scotto of HoopsHype (Twitter link) first reported the details.

DeRozan’s third-year salary of $25,740,000 is partially guaranteed for $10MM, though that partial guarantee would increase to $12MM if he’s named an All-Star in either 2025 or 2026 or to $14MM if he makes the All-Star team in both seasons. That 2026/27 salary would also become fully guaranteed if DeRozan appears in at least 60 regular season games and his team makes the NBA Finals in either of the next two seasons.

Appearing at an introductory press conference on Tuesday, DeRozan explained that he decided to make the move to Sacramento because he views the Kings as a franchise on the rise and they expressed during the recruiting process that they badly wanted him to come aboard.

“The want that they showed going into free agency was amazing. I ain’t going to lie,” DeRozan said, per Jason Anderson of The Sacramento Bee. “It always feels good to be wanted somewhere and from day one they showed that, so it’s an honor to be able to represent this organization and build on what this organization has been doing the past couple years. It’s something special and I definitely want to be a part of it. I want to be one of the guys who hits the beam.”

Here’s more from around the Pacific:

  • The NBA will be resuming its investigation into Kevin Porter Jr. now that he’s back in the league with the Clippers, reports Law Murray of The Athletic (Twitter link). Porter, who hasn’t been on an NBA roster since last October, reached a plea deal in January after facing assault and harassment charges for a domestic incident that took place last September. The NBA will look into that matter and determine whether or not to fine or suspend the 24-year-old.
  • Concerns about Kawhi Leonard‘s right knee began to arise after Team USA managing director Grant Hill, U.S. head coach Steve Kerr, and Clippers president of basketball operations Lawrence Frank recently watched him work out at the Clippers’ practice facility, sources tell Broderick Turner of The Los Angeles Times. Leonard told reporters over the weekend that the knee – which sidelined him down the stretch in 2023/24 – had improved enough for him to play this summer, but USA Basketball announced today that Kawhi wouldn’t join the team in Paris, while Kerr told Turner that Leonard was “up and down” during the team’s practices in Las Vegas. “I thought the first day he was moving well early, not so much later, and it makes perfect sense because he’s coming off that injury,” Kerr said.
  • Gerald Bourguet of PHNX Sports takes a look at what Monte Morris will bring to the Suns, observing that Morris’ comments suggest he knows exactly what the team needs from him. According to Bourguet, Morris, Kyle Lowry, and Ryan Dunn were Phoenix’s top three targets in free agency and the draft entering the offseason — the team has landed Morris and Dunn, and remains in touch with Lowry.
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Cavs Notes: Wade, Hendry, Geriot, Travers, Okoro

July 10th, 2024 at 1:44pm CST by Luke Adams

Dean Wade missed the last 19 games of the Cavaliers‘ regular season and was only able to suit up for three of the team’s 12 playoff contests due to a right knee sprain. However, according to Chris Fedor of Cleveland.com (Twitter link), Wade is no longer experiencing any pain in that knee.

As Fedor details, the veteran forward took a few weeks off after the Cavs were eliminated from the postseason and then resumed working out in mid-June.  He has been conducting full-court workouts in recent weeks with no issues, Fedor adds.

Here’s more out of Cleveland:

  • Trevor Hendry, who worked under Kenny Atkinson for three years in Brooklyn, is joining Atkinson’s new staff in Cleveland as an assistant coach, league sources tell Michael Scotto of HoopsHype (Twitter link). Hendry was Brooklyn’s head video coordinator during Atkinson’s tenure but was later promoted to an assistant coaching role under Jacque Vaughn.
  • The Cavaliers are still working through various coaching staff changes, according to Fedor, who tweets that veteran assistant Dan Geriot likely won’t remain with the team. The former head coach of Cleveland’s G League team, Geriot has been a Cavs assistant for several years, but appears likely to join the Pelicans in a front-of-the-bench role, says Fedor.
  • Luke Travers, the 56th overall pick in the 2022 draft, will be with the Cavaliers for a third straight Summer League in Las Vegas. A 22-year-old guard/forward, Travers remains under contract with Melbourne in Australia’s National Basketball League, but has an NBA out in that deal and would be interested in making the move to Cleveland if the opportunity arises, Fedor writes for Cleveland.com. “ASAP,” Travers said of his timeline for making the move to the NBA. “You’re trying to get there as soon as possible, and you don’t want to wait around and stuff. I’ve just been trying to put in the work. … It’s all been positive talks (with the Cavaliers). They’re always trying to help me in any way they can and give me a little feedback here and there.”
  • Sources tell Fedor that a spot on the Cavaliers’ roster for 2024/25 is unlikely for Travers, though there’s some curiosity within the organization about how he’d look in Atkinson’s system. The Cavs continue to negotiate with restricted free agent forward Isaac Okoro and are operating under the assumption that they’ll have just one roster spot left to fill if Okoro returns, Fedor explains. Cleveland currently has just 12 players on standard contracts, so that suggests the team doesn’t plan to immediately fill its 15th spot.
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Clippers Sign Kevin Porter Jr. To Two-Year Contract

July 10th, 2024 at 12:50pm CST by Dana Gauruder

JULY 10: Porter is officially a Clipper, the team announced today in a press release.

JUNE 30: The Clippers have reached a two-year agreement with guard Kevin Porter Jr., Shams Charania of The Athletic reports (via Twitter). The contract will include a player option in the second year.

Porter’s new deal will be for the veteran’s minimum, The Athletic’s Law Murray tweets, and will be fully guaranteed, per Kelly Iko of The Athletic (Twitter link). It will include a 15% trade kicker, Jake Fischer of Yahoo Sports adds (Twitter link).

Porter has had a short, but checkered, history in the NBA. He started his career with Cleveland, but was inactive at the beginning of the 2020/21 season due to an off-season weapons charge, which was later dropped. He was traded from Cleveland to Houston in 2021 on the heels of a locker room incident.

In 2023, following an arrest on a domestic assault charge, Porter was traded by the Rockets to Oklahoma City shortly before the start of the regular season. The Thunder waived him the day after the deal was completed and he didn’t play in the league this past season.

Porter reached a plea agreement of a third-degree reckless assault misdemeanor in January. He is in the process of completing a court-ordered program, and once completed his plea will move to not guilty with no criminal record (Twitter links).

Porter was originally charged with felony counts of assault and strangulation after an altercation with his former girlfriend in New York.

At the beginning of April, Porter signed with PAOK in Greece. In six domestic league matches, he averaged 22.0 points, 9.8 rebounds, 6.8 assists and 2.8 steals in 39 minutes per contest.

Porter drew multiple suitors, according to Charania, before choosing the Clippers. With the team seeking to trade Russell Westbrook, Porter has an opportunity to jump right into the rotation.

In his last season with the Rockets, he averaged 19.2 points, 5.3 rebounds and 5.7 assists per game in 59 starts. For his career, Porter has averaged 15.3 points, 4.3 rebounds and 5.0 assists per contest.

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Team Canada Finalizes 2024 Olympic Roster

July 10th, 2024 at 12:19pm CST by Luke Adams

The Canadian national team has formally announced its 12-man roster for the Paris Olympics, making its final cuts ahead of Wednesday’s exhibition games against Team USA.

Team Canada’s 12-man squad is as follows:

While the group obviously isn’t as star-studded as the U.S. roster, it’s headed up by a 2024 MVP finalist (Gilgeous-Alexander) and a guard who was the second-best player on the 2023 NBA champions (Murray). In total, it features 10 active NBA players, and all of them played regular roles for their respective teams in 2023/24.

The only two non-NBA players are Birch, who spent six seasons in the league but now plays in Spain, and Ejim, a former Iowa State standout and a Team Canada veteran who has been a productive contributor for several teams in Europe since 2014.

Andrew Wiggins is among the notable names missing from Team Canada’s squad for Paris. He was on the original training camp roster but withdrew right before camp began due to what the Warriors referred to a mutual decision. Various reports, however, suggested that Golden State was the party driving that decision.

Grizzlies rookie Zach Edey also removed his name from the training camp roster in order to focus on Summer League and his first NBA season.

Trail Blazers guard Shaedon Sharpe and Pacers guard Bennedict Mathurin, both of whom were coming off injuries that ended their 2023/24 seasons, were among the players who attended training camp but weren’t in the mix for roster spots for the Paris Olympics. Timberwolves forward Leonard Miller was in that group too.

This will be the first time Canada has been in the men’s basketball event at the Olympics since 2000.

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Eastern Notes: Fernandez, Fernando, Trent, Jokubaitis, Magic

July 10th, 2024 at 12:02pm CST by Luke Adams

The Nets agreed to trade Mikal Bridges just two months after they hired Jordi Fernandez, but Brooklyn’s new head coach said he wasn’t caught off guard by that move. As Brian Lewis of The New York Post writes, moving Bridges was a scenario that had been discussed with Fernandez before he took the job.

“We know that we wanted to do something sustainable and we wanted to win and build something very special. There were different avenues to do it, and this was a possible one,” Fernandez said. “We just couldn’t control if something (big came), what other teams would offer, so we’d just have to sit and wait. And (general manager Sean Marks) had his different avenues to get there. When the opportunity presented itself, he called me. I knew before it came out to the media, and I was very excited because I know how the NBA works and I know how good you can get when you have assets, flexibility and so and so forth. So I’m just very excited.”

Marks also confirmed that he and Fernandez talked about the possibility of a Bridges trade, explaining that he wanted to make sure the head coach knew what he was getting into when he accepted the Nets’ offer.

“It’s very important to be upfront when you’re hiring a coach — or any staff member for that matter — for them to know there’s a variety of different pathways we can go down,” Marks said. “We knew the flexibility that we had in terms of the roster, the cap, the salaries that we have, this (outcome) could be one of them. We’re not going to shy away from that. So, he knew well ahead that this was an avenue that we could be going down and has bought in completely.”

Here are a few more notes from around the Eastern Conference:

  • Having already pushed back his salary guarantee date from June 29 to July 10, the Hawks are talking to Bruno Fernando‘s camp about postponing that deadline again, tweets Lauren L. Williams of The Atlanta Journal-Constitution. Fernando has some incentive to give Atlanta more time with that decision if it increases his odds of remaining on the roster and earning his full $2.72MM salary for 2024/25.
  • Following up on reporting that suggested the Raptors had been willing to offer free agent wing Gary Trent Jr. a deal worth $15MM per year when their negotiating window first opened, Michael Grange of Sportsnet (Twitter link) clarifies that most conversations the team had about Trent were internal. The front office discussed potential contract frameworks rather than formally putting an offer on the table, Grange says, adding that the Raptors told Trent’s camp after the draft that they were going in a different direction.
  • Knicks draft-and-stash prospect Rokas Jokubaitis, the No. 34 overall pick in 2021, will be with New York’s Summer League team this month for the first time in three years, writes Stefan Bondy of The New York Post. Jokubaitis, who is under contract with Barcelona for one more season, would have been unavailable for Summer League if Lithuania had qualified for the Olympics, but the Lithuanians fell to Puerto Rico in the qualifying tournament final on Sunday.
  • The Magic have quietly aced the offseason, according to Michael Pina of The Ringer, who wonders if Orlando is capable of becoming next season’s version of the 2023/24 Thunder and making the leap from solid team to one of the best in the conference.
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Derrick White Replaces Kawhi Leonard On Team USA Roster

July 10th, 2024 at 11:05am CST by Luke Adams

11:05am: As first confirmed by Spears (via Twitter), White has officially replaced Leonard on Team USA’s roster, according to a press release.

“I am happy to announce that Derrick will compete at his first Olympic Games on the heels of a championship season in Boston,” managing director Grant Hill said in a statement. “We look forward to him joining the team in the coming days as we continue preparations for Paris. “I want to thank Kawhi for his commitment to the USA Men’s National Team. He earned the opportunity to represent the United States, but USA Basketball and Clippers leadership felt it’s important to allow Kawhi to prepare for the NBA season.”

Team USA now features three members of the defending champion Celtics, with White joining teammates Jayson Tatum and Jrue Holiday.

9:57am: Star Clippers forward Kawhi Leonard will withdraw from Team USA’s roster ahead of the Olympics in Paris, sources tell Shams Charania and Joe Vardon of The Athletic (Twitter link).

USA Basketball intends to name a replacement for Leonard on the 12-team roster that will travel to Paris, with Celtics guard Derrick White considered a strong candidate, according to Charania and Vardon.

Leonard was sidelined at the end of the 2023/24 season due to right knee inflammation. He missed the last eight games of the regular season and first game of the playoffs due to the ailment, returned for Game 2 and Game 3 vs. Dallas, then sat out the final three contests of the Clippers’ first-round loss.

After reporting to Team USA’s training camp, he said over the weekend that his knee had improved in recent weeks enough for him to play this summer. Neither The Athletic’s report nor USA Basketball’s official statement (Twitter link) on Leonard’s exit from the team specifically mentions that knee, but it sounds as if the forward’s health is the motivating factor for the decision.

“Kawhi has been ramping up for the Olympics over the past several weeks and had a few strong practices in Las Vegas,” Team USA’s statement reads. “He felt ready to compete. However, he respects that USA Basketball and the Clippers determined it’s in his best interest to spend the remainder of the summer preparing for the upcoming season rather than participating in the Olympic Games in Paris.”

While that statement suggests the decision was made by the Clippers and Team USA, Marc J. Spears of Andscape (Twitter link) hears from a source that Leonard’s camp reached out a couple days ago to USA Basketball to express concern.

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