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Suns Waive Kyle Korver

July 8th, 2019 at 5:09pm CST by Luke Adams

After being traded from the Jazz to the Grizzlies to the Suns, Kyle Korver has now been placed on waivers by Phoenix, according to NBA.com’s log of official transactions.

The move was expected, since only $3.44MM of Korver’s $7.5MM salary for 2019/20 was guaranteed. The Suns needed to open up extra cap room to sign Ricky Rubio to his three-year, $51MM contract, and releasing Korver helps pave the way.

Korver is now on track to clear waivers and become an unrestricted free agent on Wednesday evening. When he first reported that Korver would be cut, ESPN’s Adrian Wojnarowski identified the Lakers, Bucks, and Sixers as the probable frontrunners to sign the veteran sharpshooter once he reaches the open market.

Korver averaged 8.6 PPG on .416/.397/.822 shooting in 70 games (19.1 MPG) last season for the Cavaliers and Jazz. A June report indicated that the 38-year-old – who is a career 42.9% three-point shooter – is expected to play for at least one more year.

Sixers Sign Marial Shayok To Two-Way Contract

July 7th, 2019 at 3:11pm CST by Luke Adams

The Sixers have officially signed second-round pick Marial Shayok to a two-way contract, the team announced today in a press release.

[RELATED: 2019 NBA Draft Pick Signings]

In a statement within the team’s press release, 76ers general manager Elton Brand calls Shayok, a former Iowa State wing, a “natural-born scorer who is committed to being a tough defender.”

The 54th overall pick in the draft, Shayok spent his final college season at Iowa State, where he got a chance to take on a starring role after three years at Virginia. In his senior year, the 6’6″ Canadian averaged 18.7 PPG, 4.9 RPG, and 2.0 APG, with a shooting line of .496/.386/.878, earning First Team All-Big 12 honors.

Philadelphia signed Norvel Pelle to a two-way contract on Tuesday, so Pelle and Shayok appear poised to open the 2019/20 season as the club’s two-way players. They figure to split time between the NBA club and the Delaware Blue Coats, the Sixers’ G League affiliate.

Free Agency Notes: Cap Holds, Williams, Magic, Wizards

July 7th, 2019 at 12:58pm CST by Luke Adams

Nearly half the teams in the NBA renounced their rights to multiple free agents this week as they prepared to make new roster moves official, per RealGM’s transactions log. In some cases, like when the Clippers renounced the rights to Garrett Temple and Wilson Chandler, those free agents already new homes lined up, and removing their cap holds was simply a formality to create cap room for incoming additions.

In other cases, the housekeeping moves were a bit more noteworthy. The Pacers, for instance, renounced Darren Collison‘s Bird rights, so if the 31-year-old – who announced his retirement before the start of free agency – ever attempts an NBA comeback, Indiana will no longer have a leg up to re-acquire him.

Besides those two teams, the Hawks, Bucks, Nets, Jazz, Sixers, Clippers, Pelicans, Lakers, Kings, Celtics, Wizards, and Bulls also renounced various free agents, according to RealGM’s log.

Here are a few more notes related to free agency:

The Lakers have withdrawn their qualifying offer to two-way player Johnathan Williams and renounced his rights, according to RealGM. That doesn’t preclude the Lakers from bringing back Williams on a new two-way deal, but he’ll be able to sign outright with a new team if he so chooses.
At least nine teams are now confirmed to attend the Amar’e Stoudemire/Monta Ellis workout taking place in Las Vegas on Monday, tweets Jordan Schultz of ESPN. We previously relayed word of Stoudemire’s and Ellis’ attempts to make NBA comebacks.
ESPN’s Bobby Marks provides salary cap updates on a pair of Southeast teams, tweeting that the Magic and Wizards are both safely out of luxury tax territory for now. According to Marks (Twitter links), Orlando has $3.5MM in breathing room under the tax line, counting Khem Birch‘s $1.8MM cap hold, while Washington is about $4MM below that threshold after cutting Jonathon Simmons.

Grizzlies, Suns Swap Kyle Korver, Josh Jackson In Multi-Player Trade

July 7th, 2019 at 12:05pm CST by Luke Adams

JULY 7: The trade is official, the Suns announced in a press release.

JULY 3: The Grizzlies and Suns have agreed to a trade that will send newly-acquired Memphis sharpshooter Kyle Korver to Phoenix along with Jevon Carter, reports ESPN’s Adrian Wojnarowski (via Twitter). According to Wojnarowski, the Grizzlies will receive Josh Jackson, De’Anthony Melton, a 2020 second-round pick, and a conditional 2021 second-round pick in the deal.

That 2021 Suns second-rounder will only change hands if it falls between 31-35, tweets Chris Herrington of The Daily Memphian. Brooklyn will receive it if it lands between 36-60.

Because Korver is part of the Mike Conley trade with Utah that hasn’t yet been completed, this deal can’t be made official until after the one is finalized. Once both deals are done, the Grizzlies will pick up a former No. 4 overall pick (Jackson), as well as a second-rounder from last year’s draft (Melton), along with at least one future second-round pick.

In two NBA seasons, Jackson has been inconsistent for the Suns, averaging 12.3 PPG and 4.5 RPG but shooting just .415/.294/.650 in 156 total contests (25.3 MPG). He has also faced questions about his maturity and off-court behavior.

However, he’s still just 22 years old, so the Grizzlies will get the opportunity to see if they can continue to develop him and help him reach his ceiling. They’ll also have to decide by the end of October whether to pick up $8.9MM option for 2020/21 — at this point, I’d be surprised if they do.

Melton, the 46th overall pick in 2018’s draft, is another intriguing roll of the dice for Memphis, one the team has long had its eye on, per Wojnarowski (Twitter link). The former USC Trojan is considered a strong defender, and started 31 games for the Suns in his rookie season, averaging 5.0 PPG, 3.2 APG, 2.7 RPG, and 1.4 SPG in 50 total contests.

As for the Suns’ side, the move looks like it’s primarily designed to clear the cap room necessary to complete their other reported moves this week, including Ricky Rubio‘s three-year, $51MM deal. They’ll also be able to retain Kelly Oubre‘s cap hold, and will presumably see if Carter can earn some minutes in their backcourt rotation.

According to Wojnarowski (via Twitter), Korver is expected to be bought out by Phoenix before his $7.5MM salary for 2019/20 becomes fully guaranteed. Korver’s deal is only partially guaranteed for $3.44MM as long as he doesn’t remain under contract through July 7.

If and when Korver clears waivers, the Lakers, Bucks, and Sixers will be the frontrunners to sign him, says Wojnarowski.

As cap expert Albert Nahmad observes (via Twitter), the Grizzlies will be able to use trade exceptions to absorb Jackson’s and Melton’s contracts, generating two new trade exceptions worth $3.44MM (Korver’s partial guarantee) and $1.42MM (Carter’s salary).

Photo courtesy of USA Today Sports Images.

Sixers Trade Bruno Fernando To Hawks For Bone, Future Picks

July 7th, 2019 at 12:48am CST by clarkcrum

JULY 7: The trade has been officially completed, according to a press release issued by the Hawks. Bone will be flipped to the Pistons by the Sixers.

JUNE 20: The Sixers selected Maryland big man Bruno Fernando with the No. 34 overall selection in this year’s draft, but he will not play in Philadelphia, per Shams Charania of The Athletic and Stadium, who tweets that the 76ers have traded Fernando to the Hawks for two future second-rounders and the No. 57 pick.

Kyle Neubeck of PhillyVoice reports that in addition to the No. 57 pick, Philadelphia will get Atlanta’s 2020 second-round pick (56-60 protected) and the most favorable of Atlanta’s, Charlotte’s, and Brooklyn’s 2023 second-round picks.

The Hawks were said to have interest in Fernando a little less than a month ago today, so it comes as no surprise that the team traded up into the top of the second round to draft the Maryland product.

Fernando averaged a double-double (13.6 PPG, 10.6 RPG) to go along with 1.9 BPG and a .607 FG% in 34 games for the Terrapins in 2018/19.

Lakers Officially Acquire Anthony Davis In Three-Team Trade

July 6th, 2019 at 9:54pm CST by Luke Adams

The Lakers, Pelicans, and Wizards have officially completed the three-team trade that makes Anthony Davis a Laker. All three teams issued press releases tonight to announce the deal. The structure of the trade is as follows:

Lakers acquire Anthony Davis.
Pelicans acquire Lonzo Ball, Brandon Ingram, Josh Hart, the draft rights to De’Andre Hunter (No. 4 pick), the Lakers’ 2021 first-round pick (9-30 protected; unprotected in 2022), the Lakers’ 2024 first-round pick (unprotected), the right to swap 2023 first-round picks with the Lakers, and cash ($1.1MM; from Wizards).
- Note: The Pelicans will also have the option to defer the 2024 first-round pick to 2025.
Wizards acquire Moritz Wagner, Isaac Bonga, Jemerrio Jones, and the Lakers’ 2022 second-round pick.

The long-awaited deal was held up slightly today as the Lakers officially finalized a series of signings using their cap room. In order to maximize its cap space, the club had to sign free agents first before acquiring Davis. Danny Green, DeMarcus Cousins, Kentavious Caldwell-Pope, Quinn Cook, and JaVale McGee all signed their contracts with the Lakers since the July moratorium ended this afternoon.

The Pelicans, meanwhile, will now flip the rights to Hunter to the Hawks in a separate deal, putting the No. 4 pick on track to join his new team for Summer League action. Once the deal is done, Atlanta will also be able to complete its trade with the Sixers involving Bruno Fernando and Jordan Bone, then Philadelphia will be able to flip Bone to the Pistons.

For more details on one of the summer’s biggest trades, be sure to check out our previous stories on the Lakers/Pelicans aspect of the deal, as well as the Lakers/Wizards part of the swap.

Heat Acquire Jimmy Butler In Sign-And-Trade

July 6th, 2019 at 3:23pm CST by Dana Gauruder

The Heat have officially acquired Jimmy Butler from the Sixers in a sign-and-trade deal that also includes the Trail Blazers and the Clippers, according to press releases from Miami and Philadelphia.

The Heat also acquired big man Meyers Leonard from the Trail Blazers and cash considerations from the Clippers. Miami sent shooting guard Josh Richardson to Philadelphia, center Hassan Whiteside to the Blazers and a conditional first-round pick to the Clippers. The Clippers also received forward Maurice Harkless from Portland and the draft rights to 2017 second-round pick Mathias Lessort from the Sixers.

The Clippers and Blazers have also confirmed the swap.

The 2023 first-rounder that the Heat forwarded to the Clippers, which is lottery-protected through 2025 and unprotected in 2026, was subsequently moved to the Thunder as part of the agreed-upon Paul George blockbuster.

Butler inked a four-year, $141MM contract with the Heat. Miami waived forward Ryan Anderson and stretched his contract in order to stay below the hard cap and complete the sign-and-trade.

“Jimmy’s leadership, tenacity, professionalism, defensive disposition and his ability to create his own shot will improve our roster immediately,” Miami president Pat Riley said in the press release. “Any time you can add a four-time All-Star to your roster, you make that move. Meyers is a versatile big, a great shooter, can play inside and block shots. The addition of both men puts us in a great position to win.”

The disgruntled Butler was dealt by Minnesota to Philadelphia last season. The Sixers wanted to retain Butler but couldn’t convince him to stay and got something for him via the sign-and-trade mechanism. In 65 total games for the Wolves and Sixers last season, Butler averaged 18.7 PPG, 5.3 RPG, 4.0 APG, and 1.9 SPG with a .462/.347/.855 shooting line. Richardson averaged a career-high 16.6 PPG and 4.1 APG last season.

Blazers president of basketball operations Neil Olshey called the acquisition of Whiteside an “impact move for our roster.” The Blazers were looking for a starting center with Jusuf Nurkic on the mend from a serious leg injury.

Sixers Sign Matisse Thybulle

July 3rd, 2019 at 4:19pm CST by Arthur Hill

Matisse Thybulle has signed his rookie contract with the Sixers, the team announced today. The senior swingman out of Washington was selected with the 20th pick in last month’s draft.

Terms of the deal weren’t released, but under the rookie salary structure, Thybulle is eligible to make $2,582,160 in his first season, $2,711,280 in his second and $2,840,160 in his third.

“Matisse was the best defensive wing in the draft and his tenacious and gritty play fit our culture perfectly,” Philadelphia GM Elton Brand said. “A talented shooter and a great person off the court, we’re very excited to welcome Matisse to the 76ers family.”

Thybulle won the Naismith Defensive Player of the Year Award this season and was honored as the Pac 12’s top defender for the second straight year. His scoring average was modest at 9.1 PPG, but he collected 3.5 steals and 2.3 blocks per night.

Sixers Sign Shake Milton To Four-Year Deal

July 2nd, 2019 at 5:18pm CST by ChrisCrouse

JULY 7: Milton’s new four-year contract with the Sixers is now official, the team announced today in a press release.

“Shake is the perfect example of what hard work and strong player development can produce,” GM Elton Brand said in a statement. “We are proud of the strides he made in the G League last season, where his game was able to blossom while gaining confidence as a pro. He has earned the right to be where he is today. He is an exciting young talent and I look forward to his continued development with the 76ers and the depth that he provides our roster.”

JULY 2: Shake Milton will sign a new contract with the Sixers. The team has agreed to a four-year deal with the shooting guard, according to ESPN’s Jordan Schultz (Twitter link).

Milton played last season on a two-way contract, splitting his time between the Sixers and their G League affiliate, the Delaware Blue Coats. He saw limited playing time in 20 games for Philadelphia, but put up big numbers in 27 NBAGL contests, averaging 24.9 PPG, 4.9 APG, and 4.9 RPG with a .484/.369/.810 shooting line.

Because Milton’s two-way deal featured a second year, this transaction will technically be treated as a conversion from his two-way contract to an NBA contract, similar to Monte Morris‘ deal with the Nuggets last offseason.

The Sixers will have to use cap space to ink Milton to a four-year contract. There will also be no December 15 trade restriction for Milton, as two-way contract conversions don’t carry the same rules as most offseason NBA signings.

Luke Adams contributed to this post.

Sixers Notes: Horford, Cap Room, Scott, Butler

July 2nd, 2019 at 2:51pm CST by Luke Adams

Al Horford‘s four-year, $109MM deal with the Sixers was originally reported to have a $97MM value with $12MM in additional bonuses tied to potential championships. However, according to Derek Bodner of The Athletic, that’s not quite right.

In a series of tweets, Bodner explains that the non-guaranteed $12MM in Horford’s contract all comes in the fourth and final year of the deal, which is partially guaranteed. There are team-related benchmarks, such as winning a championship, that could trigger that money to become guaranteed, per Bodner.

That means that Horford’s starting salary will be higher than originally anticipated — a deal with unlikely bonuses in every season might have started in the neighborhood of $22.5MM, but the actual contract is expected to start much higher than that.

Eric Pincus of Basketball Insiders (Twitter links) hears that Horford’s pact will have a first-year salary around $28MM, which means it won’t have increasing cap hits every year. That could help the Sixers in future seasons if they have to deal with tax penalties, which seems likely, given their lucrative long-term commitments to Horford, Joel Embiid, and Tobias Harris, along with Ben Simmons‘ probable max deal.

Here’s more on the 76ers:

Based on the structure of Horford’s deal, the Sixers will have a little over $2MM in cap room left, rather than the $7-8MM figures that have been reported, tweets Bodner. Based on my math, a $28MM starting salary for Horford would leave about $2.27MM in space.
As a result of their cap situation, the 76ers will use the room exception to complete Mike Scott‘s two-year, $9.8MM contract, Bodner clarifies (via Twitter). The team could technically have completed Scott’s deal using his Non-Bird rights, but will need to renounce his cap hold to create room for Horford and Josh Richardson.
There are conflicting reports on just how aggressively the Sixers attempted to re-sign Jimmy Butler in free agency. As relayed by RealGM, a report from Tom Haberstroh of NBC Sports says Philadelphia offered Butler a full five-year max, while ESPN’s Adrian Wojnarowski and Shams Charania of The Athletic have suggested otherwise. Haberstroh’s report acknowledges that the 76ers may have put their alleged offer on the table with the understanding that Butler wouldn’t accept, since he had already decided to move on.

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