Phoenix Suns Rumors | Hoops Rumors

Warriors Waive Chris Paul

June 30th, 2024 at 5:25pm CST by Dana Gauruder

5:25pm: The Warriors have officially waived Paul, the team confirmed (via Twitter).

4:45pm: The Warriors are waiving point guard Chris Paul, Chris Haynes of TNT and Bleacher Report tweets. Paul will now become an unrestricted free agent once he clears waivers.

Golden State had to make a decision today whether to guarantee Paul’s $30MM salary for the 2024/25 season. Both the Warriors and Paul agreed to push back the guarantee date from Friday to Sunday.

The Warriors had attempted to include Paul’s contract in a blockbuster deal, including a potential swap with the Clippers for Paul George. However, they were unable to pull anything off.

Paul, who turned 39 in May, remained productive in 2023/24, averaging 9.2 points, 6.8 assists, and 3.9 rebounds in 26.4 minutes per game in 58 appearances (18 starts) for the Warriors. He posted a shooting line of .441/.371/.827.

The rule prohibiting tax-apron teams from signing a waived player whose previous salary was higher than the full mid-level exception only applies if the player is cut during the regular season. Thus, Paul is free to sign with anyone.

The Suns, who can only offer veteran’s minimum contracts, could be an option for Paul, though John Gambadoro of Arizona Sports 98.7 (Twitter link) dismissed that possibility. The Clippers have also been mentioned as a potential landing spot.

Another intriguing possibility is the Spurs, according to Marc Stein (Twitter link), who says San Antonio has “strong” interest. The 12-time All-Star could be a natural, if short-term, pick-and-roll partner for Victor Wembanyama. There will undoubtedly be other suitors for the future Hall of Famer.

The Warriors, meanwhile, are in the unusual position of being under the tax aprons by shedding Paul’s contract. They currently have $147.2MM in salary commitments among 12 players, nearly $31MM under the first tax apron, ESPN’s Bobby Marks tweets. That puts them in position to potentially use the full mid-level exception and/or bi-annual exception. Klay Thompson and Dario Saric are now free agents.

FA Rumors: KCP, Pacers, Mid-Level Usage, Suns, Gillespie, Bullock

June 30th, 2024 at 1:53pm CST by Luke Adams

While teams with cap room have been mentioned most frequently as the top suitors for Kentavious Caldwell-Pope, Mike Singer of The Denver Post (Twitter link) has continually heard the Pacers mentioned as a team to watch for the veteran swingman.

A previous report suggested that a cap-room club like the Sixers or Magic could make an oversized short-term offer (e.g. two years, $50MM) for Caldwell-Pope, but Singer says he’s heard KCP would prefer a longer-term deal.

As John Hollinger of The Athletic writes, if the Nuggets are willing to negotiate a sign-and-trade deal, a package along the lines of Aaron Nesmith and Jarace Walker might work financially, based on Caldwell-Pope’s projected salary range. However, a sign-and-trade involving Caldwell-Pope would hard-cap the Pacers at the first tax apron and the Nuggets at the second apron, so some financial creativity could be required, especially on Denver’s end.

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

Within his latest round-up of rumors, Jake Fischer of Yahoo Sports says not many teams around the NBA are expected to use the full mid-level exception to sign a player, since it can now be used as a de facto trade exception, so there’s some value in retaining a portion of it. Of course, even last season, before the mid-level could be used to accommodate trades, only one team used the entire amount on a single player (Toronto on Dennis Schröder).
The Suns have been linked to a ton of potential minimum-salary point guards, according to Fischer, who names Kyle Lowry and Monte Morris as two of the players viewed as possible targets for Phoenix. There has even been some chatter about the possibility of a reunion with Chris Paul if he’s waived by Golden State, Fischer adds.
After being made an unrestricted free agent by Denver, guard Collin Gillespie is expected to receive interest from the Hawks, Hornets, Suns, and Timberwolves, sources tell Fischer. Gillespie may have to accept a two-way contract and compete for a standard roster spot, Fischer adds. Darren Wolfson of 5 Eyewitness News and SKOR North (Twitter link) confirms Minnesota’s interest in Gillespie but says the team doesn’t seem likely to land him.
Veteran wing Reggie Bullock is unlikely to re-sign with the Rockets, sources tell Kelly Iko of The Athletic (Twitter link). According to Iko, multiple teams have interest in Bullock, who figures to be a minimum-salary target.

Bol Bol Re-Signs With Suns

June 29th, 2024 at 6:06pm CST by Arthur Hill

JULY 7: The agreement is now official, per the NBA’s transactions log.

JUNE 29: Free agent big man Bol Bol will return to the Suns on a one-year contract, according to Adrian Wojnarowski of ESPN (Twitter link).

Phoenix holds Bol’s Non-Bird Rights, so he’s eligible for a new deal worth up to 20% more than the veteran’s minimum salary, though Woj’s report doesn’t specify whether that’s what his new contract will be worth.

Bol, 24, signed a one-year contract with Phoenix last July, shortly after being waived by Orlando. He appeared in 43 games, all off the bench, and averaged 5.2 points and 3.2 rebounds in 10.9 minutes per night.

Re-signing low-salaried free agents is important to a Suns team facing limited options for filling out its roster due to second-apron restrictions. Eric Gordon, Drew Eubanks, Josh Okogie and Damion Lee have all declined their player options for next season and decided to test free agency, though one or more of them could return to Phoenix on new deals.

Damion Lee Declines Player Option With Suns

June 29th, 2024 at 4:59pm CST by Alex Kirschenbaum

Suns shooting guard Damion Lee has declined his $2.8MM player option with Phoenix and will become an unrestricted free agent, sources inform Michael Scotto of HoopsHype (Twitter link).

The 6’5″ swingman missed the entire 2023/24 NBA season after suffering a meniscus tear in his right knee, which ultimately required surgery.

Lee initially signed a one-season, minimum contract to join the Suns in the summer of 2022. He then inked a one-and-one contract with Phoenix last summer. During his lone healthy season with the Suns, Lee averaged 8.2 PPG on a .442/.445/.904 shooting line, along with 3.0 rebounds and 1.3 assists across 74 healthy contests.

After going undrafted in 2016, the Louisville alum began his NBA career with the Hawks in 2017/18, but he has spent most of his time in the league with the Warriors, with whom he won a championship as a floor-spacing backup in 2021/22. He was reunited with one-time Golden State teammate Kevin Durant in Phoenix when the latter was traded there from the Nets in 2022/23.

According to Gerald Bourguet of PHNX Sports (Twitter link), a new deal with the Suns is a possibility for Lee, who would be eligible to sign for more than the veteran’s minimum since Phoenix holds his Early Bird rights.

Pacific Notes: Westbrook, Reaves, Murray, Suns FA Targets

June 29th, 2024 at 2:45pm CST by Luke Adams

Although Russell Westbrook is exercising his player option to guarantee his $4MM salary for the 2024/25 season, his return to the Clippers isn’t a certainty, a league source tells Law Murray and Jenna West of The Athletic, who write that there’s a chance “the player and team move on” this offseason. The Clippers have been linked to other veteran point guards in recent weeks, including Chris Paul and Kyle Lowry.

Here’s more from around the Pacific:

Although the Lakers still had some interest in Dejounte Murray before Atlanta agreed to trade him to New Orleans, L.A. remained unwilling to give up Austin Reaves as part of its package and was out of the running as a result, sources tell Shams Charania, Sam Amick, and West of The Athletic.
John Gambadoro of Arizona Sports 98.7 (Twitter link) names Monte Morris and Aaron Holiday as a pair of potential free agent point guard targets to watch for the Suns. Phoenix will be limited to minimum-salary offers, which means Holiday may be a more viable option than Morris. Gambadoro adds that previously reported target Kris Dunn would be a logical fit for the Suns, but says he’s not sure if Dunn will be “gettable.”
Gerald Bourguet of PHNX Sports shares his Suns free agency primer, breaking down potential options for the team on the free agent and trade markets and detailing the restrictions the front office will face as it navigates the second tax apron.

Suns, Royce O’Neale Complete Four-Year Deal

June 29th, 2024 at 12:40pm CST by Luke Adams

JULY 6: O’Neale’s new contract with the Suns is official, according to the NBA’s transaction log. It has a base value of $42MM, with an additional $2MM in unlikely incentives, Hoops Rumors has learned.

JUNE 29: Free agent forward Royce O’Neale intends to sign a four-year, $44MM contract to remain with the Suns, according to Adrian Wojnarowski of ESPN (Twitter link).

The deal won’t feature either a team or player option and will be fully guaranteed, reports Zach Lowe of ESPN (Twitter link). It will be the most lucrative contract of O’Neale’s career, topping his previous four-year, $36MM extension that’s about to expire.

The No. 19 player on our list of this year’s top 50 free agents, O’Neale has been a reliable, durable wing since entering the league in 2017, never appearing in fewer than 69 games in a season across stints in Utah, Brooklyn, and Phoenix. The Suns acquired the former Baylor standout from Brooklyn in a three-team deal at February’s trade deadline.

A versatile defender with the size to match up against bigger wings and forwards, O’Neale isn’t much of an offensive threat, having never averaged more than 8.8 points per game in a season. But he’s a solid three-point shooter, with a career rate of 38.1% from beyond the arc, and he has averaged 3.2 assists per game over the past two seasons.

Because Phoenix projects to operate over the second tax apron in 2024/25, the team would have had no means to replace O’Neale or Grayson Allen with an equivalent player in free agency, so there was an expectation that both players would be re-signed. The Suns extended Allen in April and have now reached a deal to retain O’Neale as well.

Since O’Neale was expected to receive interest on the open market from rival suitors, the belief was that Phoenix would have to go up to three or four years to beat out clubs who might offer a higher starting salary. That turned out to be the case, with the Suns making a guaranteed four-year commitment to the 31-year-old.

As cap expert Yossi Gozlan tweets, adding O’Neale’s new deal to the Suns’ books increases their projected team salary for next season to nearly $217MM. The luxury tax line is expected to come in around $171.3MM. There may be more moves to come that push the Suns’ salary in one direction or the other, but based on the current projections – and accounting for tax penalties – it would be the second-most expensive roster in NBA history, says Gozlan.

Suns’ Josh Okogie To Decline Player Option

June 28th, 2024 at 11:06am CST by Arthur Hill

Suns guard Josh Okogie will turn down his $2.95MM player option for next season and test free agency, sources tell Michael Scotto of HoopsHype (Twitter link).

Okogie, 25, came to Phoenix as a free agent in 2022 and re-signed with the team last summer on a two-year deal that included the option. The Suns used him mainly in a backup role, as he averaged 4.6 points, 2.6 rebounds and 1.1 assists in 60 games this season while playing 16 minutes per night.

A recent report indicated that Phoenix was hoping Okogie would exercise the option to help with roster stability. Only seven members of this year’s 15-man roster are currently under contract for 2024/25.

The Suns still want to re-sign the veteran wing, according to Gerald Bourguet of PHNX Sports, who suggests (via Twitter) the team has interest in a deal a little above the veteran’s minimum. Phoenix holds Okogie’s Early Bird rights.

Okogie was selected by Minnesota with the 20th pick in the 2018 draft. He spent four years with the Wolves before accepting an offer in Phoenix.

Okogie joins Suns teammates Eric Gordon and Drew Eubanks in declining their options for next season. The team is still awaiting a decision from Damion Lee, who must determine whether to pick up his $2.8MM option by Saturday.

Trade Rumors: Wiggins, Warriors, Rockets, Ingram, Kings, Jazz

June 28th, 2024 at 10:54am CST by Luke Adams

Andrew Wiggins is no longer in the mix for the Canadian national team this summer, according to Doug Smith of The Toronto (Twitter link), who says the Warriors are “playing hardball” with a player they are “looking to move.”

Wiggins was insured and medically cleared by Canada Basketball, tweets Michael Grange of Sportsnet.ca, but it sounds like the Warriors don’t want to risk his health during trade negotiations after he dealt with an ankle issue last season. While Grange says the veteran forward isn’t thrilled about the decision, Anthony Slater of The Athletic (Twitter link) refers to it as a mutual one.

According to Jake Fischer of Yahoo Sports, Wiggins is one of several Warriors veterans who is considered a potential outgoing piece if Golden State makes a major deal. Kevon Looney and Gary Payton II fall into that category, as does Chris Paul, whose $30MM salary remains non-guaranteed for the time being. The Warriors’ decision on Paul’s non-guaranteed salary is due on Friday, but it’s possible the team will give him a partial guarantee in exchange for pushing back that deadline, says Fischer.

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

While some trade rumors earlier this week linked Kevin Durant to Houston, the Rockets are more interested in pursuing younger trade targets whose timeline matches up better with their core, according to Sam Amick and Anthony Slater of The Athletic. Amick and Slater name Suns guard Devin Booker, Cavaliers guard Donovan Mitchell, and Pelicans forward Zion Williamson as some players who would fit that bill for Houston, acknowledging that there’s no indication any of those players will be available this summer.
Exploring potential trade partners for the Pelicans and forward Brandon Ingram, Fischer mentions the Kings, Sixers, Hawks, and Cavaliers as possibilities. However, he says that Atlanta and New Orleans haven’t had substantive discussions since talking about Dejounte Murray in February, while Cleveland remains reluctant to part with any of its four core players, including potential Pels target Jarrett Allen. It’s also unclear how high Ingram ranks on Philadelphia’s list of possible targets, Fischer adds. Sacramento, meanwhile, has been in the market for help on the wing this offseason, though Fischer doesn’t explicitly say the Kings have talked to New Orleans about Ingram.
Although rival teams are expected to continue calling to register interest in Lauri Markkanen, the Jazz‘s goal continues to be extending the veteran forward and acquiring another star to complement him, Fischer writes. Adrian Wojnarowski expressed a similar sentiment during ESPN’s draft broadcast this week. Utah talked to the Hawks about Murray in February and also expressed interest in Mikal Bridges before Brooklyn agreed to send him to New York, says Fischer.

Pacific Notes: George, Harden, Bronny, Knecht, Carter, Dunn

June 27th, 2024 at 10:16pm CST by Luke Adams

Speaking to reporters on Thursday night, president of basketball operations Lawrence Frank said the Clippers “love” Paul George and “very much want to retain” him, but acknowledged that the team doesn’t have full control over the process, per Ohm Youngmisuk of ESPN. George holds a $48.8MM player option for 2024/25. If he doesn’t get a contract offer he likes from the Clippers, he could turn down that option to become a free agent — or pick it up and request a trade.

“We hope Paul’s decision is to be here. He’s been awesome,” Frank said. “He’s been an All-Star. He’s one of the best two-way players in the league. He’s a terrific person. He’s got great family, so we hope he’s here but also respect the fact that if he chooses to opt out, that’s his choice. He’s earned it and we’ll see how things play out.”

In addition to George, the Clippers have another key player facing unrestricted free agency, with James Harden set to reach the open market on Sunday if he doesn’t agree to a new deal before then. Frank said talks with Harden’s camp so far have been productive.

“We think James has been terrific for us,” Frank said. “We hope he’s had a great experience while he has been here and we hope he decides to continue to be here. … We very much want James to remain a Clipper and hope he decides to do the same.”

Re-signing both George and Harden would likely make the Clippers a second-apron team for a second straight season, with more punitive roster-building restrictions taking effect this offseason for clubs above the second tax apron. Frank admitted that’s a factor the organization can’t ignore as it weighs potential roster moves.

“This is a business and the reality of the new CBA impacts teams like us,” he said, according to Youngmisuk. “When your better players are in their 30s and you’re trying to build a sustainable roster, it impacts it. Like if there was no CBA, with (Clippers owner) Steve Ballmer, it would be carte blanche. With the new CBA, it’s not even about the money as it is how are you going to build a sustainable roster, maintain your tools to have transactional flexibility? And with that comes really, really hard decisions.”

Here’s more from around the Pacific:

Discussing the Lakers‘ decision to draft Bronny James with the No. 55 pick on Thursday, head of basketball operations Rob Pelinka praised the former USC guard’s character, work ethic, and three-and-D potential, and said it would be “magical” to see him and his father LeBron James play alongside one another next season, per Dave McMenamin of ESPN. While it’s safe to assume LeBron is happy with the pick, McMenamin says star big man Anthony Davis supported it too. “He’s very good defensively,” Davis said of Bronny. “He can read the floor very well. I think he’s a really good play-maker. I saw him work out a couple times besides the (Klutch Sports) pro day and working with a big — his reads, reading the defense, making the right passes — that was really impressive to me. I think he’s going to be fine, man.”
The Lakers were thrilled to land Tennessee’s Dalton Knecht at No. 17 on the first day of the draft, McMenamin writes in a separate story for ESPN. “If we would have had the 10th pick in the draft, we would have taken him. So, to get that value at 17 is really extraordinary,” Pelinka said, adding that new head coach J.J. Redick immediately started drawing up plays for the sharpshooter in the Lakers’ draft room. Viewed as a potential top-10 pick, Knecht slipped due to concerns about his age (23) and defense, sources tell Jovan Buha of The Athletic.
No. 13 overall pick Devin Carter is dealing with a shoulder injury and his status for Summer League is up in the air, Kings general manager Monte McNair told reporters on Wednesday. However, McNair suggested the injury isn’t a serious one, according to Jason Anderson of The Sacramento Bee. “I think we got to get him in here and get with our doctors and just see what it is,” the Kings’ GM said. “But when we get through the draft process, our docs are confident. We’ve been in touch with his team. We’re confident it’s not a long-term issue.”
Suns general manager James Jones acknowledged that first-round pick and defensive standout Ryan Dunn has room to improve as a shooter, but expressed confidence that will be possible in Phoenix, as Gerald Bourguet of PHNX Sports relays (Twitter video link). “I’m confident with our staff, with (Mike Budenholzer), our coaches, that he’ll be primed to improve as a shooter,” Jones said. “If he can do that and do it quickly, I think we found a gem.”

Samuel, Buie Signing Exhibit 10 Deals With Suns

June 27th, 2024 at 9:15pm CST by Alex Kirschenbaum

The Suns are signing all-time Northwestern leading scorer Boo Buie and Florida forward Tyrese Samuel to a pair of Exhibit 10 deals, sources inform Jon Chepkevich of DraftExpress.com (Twitter links).

Buie, a 6’2″ two-time All-Big Ten guard, scored a total of 2,187 points during his five-season Wildcats tenure. In 2023/24, he posted a career-high 19.0 points per game on .438/.434/.858 shooting. His 5.0 assists, 3.3 rebounds, and 1.4 steals across 34 games this season all also represent career highs.

Samuel, a 6’10” All-SEC big man, spent his first four collegiate seasons at Seton Hall before transferring to the Gators in 2023/24. He scored 13.9 points per game on 56.4% field goal shooting and 56.2% foul shooting, plus 7.4 rebounds, 1.9 assists, 1.1 steals and 1.1 blocks per contest.

Exhibit 10 agreements are non-guaranteed, but can be converted into two-way contracts before the start of the regular season. If a player on an Exhibit 10 contract is waived and then links up with a team’s NBAGL affiliate club for at least 60 days, he’s eligible to earn a bonus, expected to be worth in the range of $78K this season.