Phoenix Suns Rumors | Hoops Rumors

Free Agent Notes: Cancar, Suns, Lowry, Sixers, Martin, Hield

July 4th, 2024 at 5:54pm CST by Luke Adams

When the Nuggets declined their team option on Vlatko Cancar for the 2024/25 season, multiple reports indicated that the two sides would likely work out a new minimum-salary deal that would both increase the forward’s salary (from the $2.35MM the option would have paid to $2.43MM) and reduce Denver’s cap hit (from $2.35MM to $2.09MM).

That deal hasn’t happened yet, but Cancar – who is representing Slovenia at the Olympic qualifying tournament in Greece after missing the 2023/24 season with a torn ACL – expressed a desire to return to Denver, per Antonis Stroggylakis of Eurohoops.

“I’m still waiting on their decision, We’ll see,” Cancar said. “… I want to be back. My goal is to be back. Hopefully there’s room.”

As Harris Stavrou of SPORTS24 tweets, Nuggets general manager Calvin Booth was at the Olympic qualifiers on Thursday watching Cancar and the Slovenians secure a spot in the semifinals by defeating New Zealand. Nuggets scout Marty Pocius was also in attendance with Booth, tweets Harrison Wind of DNVR Sports.

Here are a few more notes on free agency:

Even after signing Monte Morris, the Suns are still believed to have interest in veteran point guard Kyle Lowry, tweets John Gambadoro of Arizona Sports 98.7. However, Gambadoro says Lowry may be a long shot for Phoenix since the team can only offer the veteran’s minimum to outside free agents. The Suns are also still working on a new deal for their own free agent Josh Okogie, Gambadoro adds.
The Sixers definitely have interest in free agent forward Caleb Martin, according to Kyle Neubeck of PHLY Sports (Twitter link), but he may be out of range of what they can realistically offer him. Philadelphia is expected to continue to monitor Martin’s market, says Neubeck.
The Pistons and Lakers were among Buddy Hield‘s other free agent suitors before he decided to join the Warriors, per Shams Charania of The Athletic. According to Charania, the veteran sharpshooter chose Golden State “because of the opportunity to win.”

Suns Sign Oso Ighodaro To Four-Year Contract

July 4th, 2024 at 1:58pm CST by Luke Adams

The Suns have signed second-round pick Oso Ighodaro to a four-year contract using the second-round exception, according to ESPN’s Bobby Marks, who reports (via Twitter) that the deal is worth approximately $7.9MM.

According to Michael Scotto of HoopsHype (Twitter link), the contract will be fully guaranteed for the first two seasons, with a partial guarantee in year three and a team option for year four. The $7.9MM total suggests it will be worth the minimum across all four seasons.

The No. 40 overall pick last week, Ighodaro was involved in a series of draft-night trades that ultimately saw him land in Phoenix. The Marquette forward, who spent four college seasons with the Golden Eagles, averaged 13.4 points, 6.9 rebounds, 2.9 assists, 1.3 blocks, and 1.1 steals in 32.5 minutes per game in 2023/24, starting all 36 games he played and making 57.6% of his shot attempts from the floor.

While the Suns are on track to pay a significant luxury tax bill next year, Ighodaro’s contract will create some savings for the team, since he’ll only count for $1,157,153 for cap and tax purposes. A veteran’s minimum-salary contract in that roster spot would have come in at $2,087,519, increasing Phoenix’s tax bill by a few extra million dollars.

Suns Re-Sign Damion Lee To One-Year Contract

July 3rd, 2024 at 7:16pm CST by Rory Maher

7:16pm: Lee has officially re-signed with the Suns, per NBA.com’s transaction log.

1:04pm: Lee’s new deal is for the veteran’s minimum, tweets Gerald Bourguet of PHNX Sports. He’ll earn slightly less ($2.8MM) than he would’ve on his option, while the Suns’ cap hit will be just $2.09MM instead of $2.85MM, saving them some additional money in tax penalties.

11:23am: Free agent guard Damion Lee is re-signing with the Suns on a one-year contract, tweets ESPN’s Adrian Wojnarowski.

Lee became an unrestricted free agent when he declined his $2.85MM player option for 2024/25 on Saturday. However, he’s returning to Phoenix on a new one-year deal.

A former undrafted free agent who played college ball at Drexel and Louisville, Lee missed the entire ’23/24 season after suffering a meniscus tear in his right knee, which ultimately required surgery.

Lee, 31, initially signed a one-year, minimum-salary contract to join the Suns in the summer of 2022. He then inked a one-and-one contract with Phoenix last summer. During his healthy season with the Suns in ’22/23, Lee averaged 8.2 PPG and 3.0 RPG on a .442/.445/.904 shooting line across 74 contests (20.4 MPG).

Lee started his professional career in the NBA G League before signing a pair of 10-day deals and then later a rest-of-season contract with Atlanta in 2018. He spent the next four years with Golden State, winning a championship with the Warriors as a role player in 2022. He holds career averages of 8.2 PPG and 3.4 RPG on .436/.379/.878 shooting in 290 games, including 58 starts (20.8 MPG).

Mason Plumlee Signs One-Year Deal With Suns

July 3rd, 2024 at 3:41pm CST by Dana Gauruder

JULY 3: Plumlee has officially signed with the Suns, according to NBA.com’s transaction log.

JUNE 30: The Suns have reached a one-year agreement with free agent center Mason Plumlee, ESPN’s Adrian Wojnarowski tweets. He’ll be signing for the 10-year veteran’s minimum worth approximately $3.3MM, Michael Scotto of HoopsHype tweets.

Phoenix entered the market looking for frontcourt depth after Drew Eubanks declined his player option in order to test the free agent waters.

Plumlee will be playing for his seventh team since entering the league during the 2013/14 season. He has had stints with Brooklyn, Portland, Denver, Detroit, Charlotte and the Los Angeles Clippers.

The Hornets dealt him to the Clippers at the 2023 trade deadline. This past season, Plumlee appeared in 46 games (11 starts) and averaged 5.3 points, 5.1 rebounds and 1.2 assists in 14.7 minutes per game.

Plumlee is a traditional center who doesn’t venture outside the arc but he’s always been a solid rebounder, passer and screener. A notoriously poor free throw shooter, he’s improved in that aspect during the last two seasons. Plumlee sank 70.7% of his attempts last season.

Phoenix is operating over the second tax apron and can only offer minimum deals to free agents. The Clippers will now be looking for a replacement for Plumlee.

Monte Morris Signs With Suns

July 3rd, 2024 at 1:08pm CST by Luke Adams

JULY 3: Morris’ one-year, minimum-salary contract is now official, according to NBA.com’s transaction log.

JULY 2: Free agent point guard Monte Morris intends to sign a contract with the Suns, according to Shams Charania of The Athletic (Twitter link). John Gambadoro of Arizona Sports 98.7 had reported (via Twitter) earlier today that Morris appeared to be the club’s top option among free agent point guards.

Phoenix is limited to minimum-salary offers as a second-apron team, and Morris’ deal will be for one year, tweets Gerald Bourguet of PHNX Sports. It’s a nice get for the Suns, who had been in the market for a reliable option at the point.

Morris is coming off a down year in which he missed the first half due to a quad injury, changed teams in a midseason trade, and took some time to get back into game shape. He averaged just 5.0 points and 2.1 assists in 14.4 minutes per game across 33 total appearances with Detroit and Minnesota.

However, the 29-year-old has a solid NBA track record as both a backup and a starter. Across five seasons in Denver and Washington from 2018-23, he averaged 10.5 PPG, 4.0 APG, and 2.5 RPG with a shooting line of .480/.392/.829 in 339 games (166 starts; 25.8 MPG).

With three ball-dominant stars in Devin Booker, Bradley Beal, and Kevin Durant, the Suns didn’t really use a traditional point guard much in 2023/24, and I wouldn’t expect Morris to crack the team’s starting lineup. But having a veteran ball-handler who can help organize the offense should provide new head coach Mike Budenholzer with more options in his first year at the helm.

According to Jon Krawczynski of The Athletic (Twitter link), the Timberwolves had interest in re-signing Morris, but his return was considered a long shot after he didn’t have a role in the playoffs and the team acquired Rob Dillingham on draft night.

Suns Sign Jalen Bridges To Two-Way Contract

July 2nd, 2024 at 8:56pm CST by Rory Maher

JULY 2: Bridges has officially signed his two-way contract with the Suns, per NBA.com’s transaction log.

JUNE 27: Baylor forward Jalen Bridges, who was ranked No. 53 on ESPN’s big board but ultimately went undrafted, has agreed to a two-way contract with the Suns, sources tell Shams Charania of The Athletic (Twitter link).

Charania hears Bridges was coveted by “several” suitors before accepting a two-way deal with Phoenix.

Bridges, who spent his first couple seasons with West Virginia before transferring to Baylor in 2022, averaged 12.2 PPG, 5.7 RPG and 1.1 SPG while converting 41.2% of his three-point looks in 35 games for the Bears in 2023/24 (31.7 MPG).

According to ESPN’s Jonathan Givony, Bridges has a sturdy frame and solid potential as a three-and-D role player if he can continue to make shots at a high level while minimizing mistakes on both ends of the court. However, he doesn’t provide much as a ball-handler or passer.

Bridges was ranked No. 3 on ESPN’s best available list among players who went undrafted.

Ryan Dunn Signs Rookie Scale Contract With Suns

July 2nd, 2024 at 5:18pm CST by Dana Gauruder

Ryan Dunn has signed his rookie scale contract with the Suns, according to the NBA transactions log.

The 28th pick in last week’s draft, Dunn will make $2,530,800 in his first season, assuming the usual 120% of the rookie scale figure given out by most teams to first-rounders. He’s due to make $12,998,353 during his first four years in the NBA.

Rookie scale contracts are guaranteed for the first two years, with team options on the third and fourth years.

Dunn played two years at Virginia before declaring for the draft. A defensive-minded forward, he averaged 8.1 points, 6.9 rebounds, 2.3 blocks and 1.3 steals in 34 starts last season.

Suns Sign Collin Gillespie On Two-Way Deal

July 2nd, 2024 at 5:03pm CST by Dana Gauruder

JULY 2: The signing is official, according to a press release from the Suns.

JULY 1: Collin Gillespie has agreed on a two-way deal with the Suns, ESPN’s Adrian Wojnarowski tweets.

Gillespie played for the Nuggets last season but didn’t receive a qualifying offer this past weekend, making him an unrestricted free agent. The point guard appeared in 24 games with Denver last season but only averaged 9.4 minutes in those appearances.

He also appeared in 12 total regular season and Showcase Cup games with the G League’s Grand Rapids Gold, filling the stat sheets with averages of 20.4 points, 9.3 rebounds, 10.8 assists and 1.8 steals per contest.

After going undrafted in 2022 out of Villanova, Gillespie suffered a lower leg fracture. He still received a two-way contract from Denver that offseason and remained on its roster despite the injury. The Nuggets then retained him on a two-way deal for 2023/24.

Gillespie averaged 15.6 PPG for the Wildcats in his final college season, shooting 41.5% from three-point range.

Clippers To Sign Kris Dunn

July 1st, 2024 at 8:36pm CST by Luke Adams

8:36pm: The Clippers are exploring possible sign-and-trade scenarios to bring in Dunn from the Jazz, reports Jake Fischer of Yahoo Sports (Twitter link). A sign-and-trade would open up a wider salary range for Dunn.

7:38pm: The Clippers have agreed to sign free agent guard Kris Dunn, league sources tell Chris Haynes of TNT and Bleacher Report (Twitter link).

The fifth overall pick in the 2016 draft, Dunn didn’t live up to his draft billing in Minnesota or Chicago during the early years of his career, but has evolved into a solid rotation piece in recent years. He spent the past two seasons in Utah, where he provided solid, versatile defense in the Jazz’s backcourt and earned praise from head coach Will Hardy for his voice in the locker room.

In 88 total appearances (35 starts) across two seasons in Utah, Dunn averaged 7.4 points, 4.3 assists, and 3.3 rebounds in 20.6 minutes per game, with a shooting line of .497/.395/.741.

Dunn was frequently mentioned within the last week as a potential free agent target for the Suns, with Gerald Bourguet of PHNX Sports reporting (via Twitter) that the 30-year-old was atop the club’s wish list as it sought a point guard. Instead, he’ll head to one of Phoenix’s division rivals, joining a Clippers team that seems prepared to move on from backup point guard Russell Westbrook.

While the details of Dunn’s contract aren’t known, the over-the-cap Clippers are believed to be devoting most of their mid-level exception to Derrick Jones and their bi-annual exception to Nicolas Batum. Unless Los Angeles plans to negotiate a sign-and-trade deal for one or more of its free agent additions, that would leave either the leftover portion of the MLE or a minimum-salary contract for Dunn.

FA/Trade Rumors: Lakers, Klay, Mavs, DeRozan, Markkanen, Bey, Bullock

July 1st, 2024 at 11:05am CST by Luke Adams

LeBron James and agent Rich Paul talked to the Lakers last week and conveyed that the star forward would be willing to accept a pay cut in 2024/25 in the event that the team was able to land one of the players on a “short list” of free agent targets, ESPN’s Brian Windhorst confirmed on Monday’s Hoop Collective podcast (YouTube link).

Previous reporting identified three of those possible Lakers targets as James Harden, Klay Thompson, and Jonas Valanciunas. Of the three, only Thompson is still on the board after Harden reached a deal to re-sign with the Clippers and Valanciunas agreed to terms with the Wizards, and ESPN’s Adrian Wojnarowski said on SportsCenter on Sunday night (YouTube link) that James called Thompson right when free agency opened.

The Mavericks continue to be considered a strong contender for Thompson, but would have to negotiate a sign-and-trade agreement with the Warriors in order to acquire him into the $16MM+ trade exception they’re creating in the Tim Hardaway Jr. deal. According to Ian Begley of SNY.tv (Twitter video link), a third team may be needed in that scenario to take on an outgoing player from Dallas. While Begley doesn’t mention any specific names, that outgoing Mavs player would almost certainly be either Josh Green or Maxi Kleber.

Even if Thompson ends up in Dallas, the Lakers may still have other names on that “short list” of targets that the team discussed with James, per Windhorst.

“I think there’s more than three,” Windhorst said on the Hoop Collective podcast. “I think DeMar DeRozan is on that list as well, and there may be another one or so.”

Here are a few more trade and free agency rumors from around the NBA:

During that same episode of the Hoop Collective podcast (YouTube link), Windhorst suggested that teams who have talked to the Jazz believe Lauri Markkanen could be had for the right price. According to Windhorst, the Warriors are “definitely investigating” Markkanen and the Spurs may also be among the teams with interest. “The teams who are negotiating with the Jazz do think there’s a good chance they’re going to move him,” Windhorst said (hat tip to RealGM). “Sometimes, (Jazz CEO) Danny Ainge will act like he’s going to do a trade and then there’s no trade. Maybe that will happen again here. But the teams negotiating think (he’s available).”
Despite not tendering him a qualifying offer to make him a restricted free agent, the Hawks remain in discussions with forward Saddiq Bey, according to Brad Rowland of Locked on Hawks and Lauren L. Williams of The Atlanta Journal-Constitution (Twitter links). Bey will likely miss most or all of next season due to a torn ACL, so if Atlanta wants to keep him, it makes more sense to discuss a longer-term deal without the risk that the 25-year-old will accept his one-year, $8.5MM QO.
Free agent wing Reggie Bullock has met with the Suns, Nuggets, Clippers, and Sixers so far in free agency, according to Kelly Iko of The Athletic (Twitter link), who says the veteran swingman is expected to talk to more teams in the coming days. Bullock’s market figures to be for the vet minimum.