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Pistons Waive Joe Harris

February 8th, 2024 at 4:30pm CST by Luke Adams

4:30pm: As expected, the Pistons have officially waived Harris, per an announcement from the team (Twitter link).

12:17pm: The Pistons will waive veteran forward Joe Harris, according to Shams Charania of The Athletic (Twitter link).

Acquired from Brooklyn along with a couple second-round picks in a salary-dump trade last summer, Harris didn’t play much in Detroit this season, averaging just 2.4 points per game in 16 appearances (10.6 MPG), with a .359/.333/.500 shooting line. The 32-year-old was one of the NBA’s best three-point shooters for several years with the Nets, but ankle issues have slowed him down in recent seasons.

The Pistons have reached three separate trade agreements in the last 24 hours that will see them acquire seven total players while sending out just three, so some cuts were necessary.

If Detroit plans to waive Danuel House, Shake Milton, and Troy Brown after acquiring them from Philadelphia and Minnesota, respectively, Harris is the only player from the current roster who would need to be released — the Pistons could complete those trades one at a time and waive players as they go, creating enough roster space to finalize their two-for-four deal with New York.

However, if the Pistons intend to keep one or more players from that House/Milton/Brown group or if they want to complete the Knicks trade first, at least one more cut will be necessary.

Once Harris clears waivers, he won’t be eligible to sign the Celtics, Nuggets, Warriors, Clippers, Heat, Bucks, or Suns due to the new rule prohibiting teams whose salaries are above the first tax apron from signing a player whose pre-waiver salary exceeded the mid-level exception ($12.4MM). Harris’ salary for this season is $19.9MM.

Nets Waiving Thaddeus Young

February 8th, 2024 at 4:25pm CST by Tristan Tucker

The Nets aren’t keeping Thaddeus Young after acquiring him from Toronto in the swap that brought Dennis Schröder to Brooklyn. According to HoopsHype’s Michael Scotto (Twitter link), Brooklyn is waiving Young.

The move will clear the roster space necessary to complete Brooklyn’s Royce O’Neale trade. In that move, the Nets are bringing in Keita Bates-Diop and Jordan Goodwin, so they needed to make a cut to avoid exceeding the 15-man roster limit.

Young is on an expiring $8MM contract, meaning if he clears waivers, he’s among the appealing veteran options who are eligible to sign with teams over the tax apron since his contract fall short of the mid-level exception. He won’t be eligible to sign with the Raptors, but any other team could be an option.

Young, 35, averaged 5.0 points, 3.3 rebounds and 2.0 assists this season across 23 games (six starts) with the Raptors this season. Toronto originally acquired Young in a 2022 deadline deal, later re-signing him. He averaged 5.0 PPG in parts of three seasons with the Raptors.

Knicks’ Anunoby Out At Least Three Weeks After Elbow Surgery

February 8th, 2024 at 4:17pm CST by Rory Maher

Knicks forward OG Anunoby underwent right elbow surgery to remove a loose bone fragment and is out at least three weeks, sources tell ESPN’s Adrian Wojnarowski (Twitter link). The team confirmed the news (via Twitter), stating that Anunoby will be reevaluated in three weeks.

According to Woj, the procedure is considered relatively minor. Anunoby tried to see if rest would heal the injury, but it was determined surgery was ultimately the best route to take to be fully healed ahead of the playoffs (Twitter link).

Anunoby last played on January 27 and has missed the past five games with the injured elbow. Based on the three-week timeline, he will miss a minimum of eight more contests, including Thursday’s game vs. Dallas.

The good news is that the All-Star break is next week, and the Knicks don’t play from February 15-21.

Ian Begley of SNY.tv reported earlier today that New York was motivated to add wing depth in part due to concern over Anunoby’s injury. Prior to the deadline, the Knicks traded for Bojan Bogdanovic and Alec Burks.

Anunoby, 26, was acquired from Toronto in a previous in-season trade. The defensive stalwart had an excellent start to his Knicks career, averaging 15.6 PPG, 4.6 RPG, 1.8 SPG and 1.1 BPG on .516/.391/.842 shooting. He’s set to hit unrestricted free agency in the offseason.

With Anunoby and Julius Randle (dislocated right shoulder) sidelined, Josh Hart, Precious Achiuwa, Bogdanovic and Burks will likely receive the majority of the minutes at the two forward spots, though Burks also plays guard.

No Deadline Deals Involving Lakers, Cavs, Hawks, Bulls, Others

February 8th, 2024 at 4:14pm CST by Rory Maher

While we certainly saw a flurry of activity prior to today’s trade deadline, seven teams didn’t make any moves at all over the past week, observes Keith Smith of Spotrac (Twitter link). That group features the Lakers, Cavaliers, Hawks, Bulls, Magic, Heat, and Pelicans.

Miami and New Orleans made previous trades this season, but the other five teams did not.

According to Dave McMenamin of ESPN and Brad Turner of The Los Angeles Times (Twitter links), the Lakers were actively involved in trade talks, but decided any deal would have been a “marginal upgrade” with a prohibitive cost. L.A. plans to be “aggressive” in the buyout market, however, and will have up to three first-round picks to trade this summer, versus the one it had available during the season.

As Dan Woike of The Los Angeles Times writes, Dejounte Murray and Alex Caruso were among the players the Lakers were interested in, but they decided the Hawks’ and Bulls’ asking prices were too steep.

The Cavs — the league’s hottest team — “believe strongly” in the roster they’ve constructed, and they also have a pair of standard roster spots open to peruse the buyout market, per Chris Fedor of Cleveland.com (Twitter link).

The Hawks were reportedly aggressive in proposing trade concepts, yet decided to keep the roster they have, despite their mediocre 22-29 record. Murray was the player most prominently featured in rumors from Atlanta’s roster.

The 24-27 Bulls also decided to stand pat, with center Andre Drummond among the players they retained, confirms Chris Haynes of Bleacher Report (via Twitter).

According to Jason Beede of The Orlando Sentinel, the Magic’s front office “did its due diligence” in evaluating the market, but it likes the current roster and wanted to maintain continuity ahead of a potential postseason push. Orlando is currently 27-24.

The Raptors made a handful of trades this season, including two on Thursday, yet one player who many expected to be on the move remains on the roster. Toronto decided to hang onto Bruce Brown past the deadline, tweets ESPN’s Adrian Wojnarowski.

The rebuilding Wizards were viewed as sellers ahead of the deadline, and they did trade Daniel Gafford to Dallas. But they also decided to keep veteran guards Tyus Jones and Delon Wright, two players featured in plenty of trade rumors, per Josh Robbins of The Athletic (Twitter link).

Pistons Trade Bojan Bogdanovic, Alec Burks To Knicks

February 8th, 2024 at 3:09pm CST by Rory Maher

3:09pm: The trade is official, per announcements from the Pistons and Knicks.

The two second-rounders headed to Detroit in the deal will be 2028 and 2029 picks, tweets Fred Katz of The Athletic. Those picks will be New York’s own, according to Omari Sankofa II of The Detroit Free Press.

The Pistons didn’t officially announce any cuts in their press release, but previous reporting indicated they’re waiving Killian Hayes, Joe Harris, and the newly acquired Danuel House. Arcidiacono will likely also be released after being acquired from New York, per James L. Edwards III of The Athletic (Twitter link).

10:27am: The Pistons and Knicks are finalizing a trade that will send Bojan Bogdanovic and Alec Burks to New York in exchange for Quentin Grimes, Evan Fournier, Malachi Flynn, Ryan Arcidiacono, and two second-round picks, according to Adrian Wojnarowski of ESPN (Twitter link).

Bogdanovic (41.5%) and Burks (40.1%) are two strong three-point shooters who will help bolster New York’s rotation, particularly when it comes to scoring and spacing the floor. Burks, 32, is an impending unrestricted free agent, while Bogdanovic’s $19MM salary for 2024/25 is only partially guaranteed for $2MM.

However, as Fred Katz of The Athletic tweets, the Knicks are expected to fully guarantee Bogdanovic’s contract for next season, possibly to flip him to a new team in the summer or during the ’24/25 season. Burks, meanwhile, was favorite of head coach Tom Thibodeau during his first stint in New York from 2020-22, Katz observes (via Twitter).

Once the deal is official, the Knicks will have two open roster spots and will be about $2.5MM below the luxury tax threshold, tweets ESPN’s Bobby Marks. They’ll have plenty of flexibility to sign players on the buyout market, Marks observes, since they’re well below the first tax apron.

Flynn cannot be aggregated with other salaries in a trade, but the outgoing contracts of Grimes, Fournier and Arcidiacono are just enough to cover the money owed to Bogdanovic and Burks. That means the Knicks will create a traded player exception worth $3,873,025, which is Flynn’s cap hit.

According to Ian Begley of SNY.TV (Twitter link), the Knicks were motivated to add depth on the wing in part due to concern over OG Anunoby‘s right elbow injury. As Begley notes, New York recently changed Anunoby’s injury status from elbow inflammation to bone spur irritation. Anunoby has missed the past five games with the injury and will miss his sixth straight contest tonight against Dallas.

As for the Pistons, they’ve been extremely active leading up to the 2:00pm CT deadline, and they will need to cut two players to complete this trade.

James Edwards III of The Athletic hears rival teams were unwilling to meet Detroit’s asking price for Bogdanovic, and the Pistons felt Grimes was more valuable than any picks being offered (Twitter link). According to Edwards, the Knicks “have been unwilling to trade firsts to any team,” with New York likely saving its draft arsenal to chase a star player in the future.

That reporting suggests the trade, from Detroit’s perspective, could be viewed as Bogdanovic for Grimes, with Burks netting two second-round picks.

Grimes, 23, is in the third season of his rookie scale contract, and was reportedly open to a change of scenery after having his role reduced in 2023/24. He showed plenty of 3-and-D upside last season, however, averaging 11.3 points, 3.2 rebounds and 2.1 assists while frequently defending opposing teams’ top perimeter scorers. He’ll make $4.3MM next season and will be eligible for a rookie scale extension in the 2024 offseason.

While Grimes was a regular contributor for New York, Fournier, Flynn and Arcidiacono hardly played at all for the Knicks. Fournier has been openly seeking a trade for well over a year — his wish was finally granted, but it’s unclear if he’ll have a role for the Pistons. They’ll hold a $19MM team option on his contract for next season, which could be useful for salary-matching purposes in the future, if they decide to retain him.

Raptors Trade Dennis Schröder, Thaddeus Young To Nets

February 8th, 2024 at 2:56pm CST by Rory Maher

2:56pm: The trade is official, according to announcements from both the Raptors and Nets. As we outlined in separate stories, Brooklyn waived Harry Giles to complete the deal, while Toronto immediately released Dinwiddie.

11:47am: The Raptors and Nets have agreed to a trade, according to ESPN’s Adrian Wojnarowski, who reports (Twitter links) that guard Dennis Schröder and forward Thaddeus Young will be heading to Brooklyn, while guard Spencer Dinwiddie is being sent to Toronto.

A free agent addition in the offseason, Schröder is making $12.4MM this season and has a $13MM cap hit for 2024/25. Young ($8MM) and Dinwiddie ($20.36MM) are both on expiring contracts. Dinwiddie will earn a $1.5MM bonus if he appears in two more games this season, tweets ESPN’s Bobby Marks.

According to Jake Fischer of Yahoo Sports (Twitter link), while Dinwiddie didn’t formally request a trade out of Brooklyn, both he and the Nets are happy he’s headed out of town.

The Nets can acquire Schröder using their $18.1MM traded player exception, which would have expired tomorrow, observes cap expert Yossi Gozlan (Twitter link). They’ll create a new TPE worth $20.36MM — Dinwiddie’s outgoing cap hit — and it will be good until February 8, 2025.

It’s essentially a salary dump for the Raptors, since moving off Schröder’s salary for next season will give Toronto more financial flexibility to re-sign its own impending free agents. Guard Immanuel Quickley (restricted) and newly-acquired big man Kelly Olynyk (unrestricted) fall into that category.

Schröder has had a solid season, averaging 13.7 PPG, 6.1 APG and 2.7 RPG on .442/.350/.852 shooting in 51 games (30.6 MPG), including 33 starts. But the 30-year-old was clearly was no longer in Toronto’s long-term plans, particularly after acquiring Quickley from New York in a previous in-season trade.

As for Young, the longtime veteran forward was valued for his locker room presence and production when called upon. However, he’s 35 years old and doesn’t fit the Raptors’ timeline. This will be Young’s second stint with the Nets, having previously played for Brooklyn from 2015-16.

Dinwiddie, 30, has averaged 12.6 PPG, 6.0 APG and 3.0 RPG in 48 games (30.7 MPG) this season, but has struggled with efficiency (.391/.320/.781 shooting line, .530 true shooting), and isn’t a great defender. It’s unclear how much of a role he’ll have with the Raptors, but it’s worth noting that Dinwiddie has performed well as a secondary and tertiary creator in the past.

Schröder will be a major upgrade for the Nets on the defensive end, and they won’t have to worry about losing him for nothing in free agency, since he’ll be under contract until 2025.

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.