Phoenix Suns Rumors | Hoops Rumors

Suns Re-Sign Kelly Oubre To Two-Year Deal

July 16th, 2019 at 1:27pm CST by Luke Adams

JULY 16: The Suns have officially re-signed Oubre, the team announced today in a press release.

JULY 11: The Suns have reached an agreement with restricted free agent forward Kelly Oubre, agent Nima Namakian of BDA Sports tells ESPN’s Adrian Wojnarowski (Twitter link).

Oubre, who had been the last unsigned RFA on the market, will sign a two-year, $30MM contract, per Wojnarowski. According to Michael Scotto of The Athletic (Twitter link), it’s a fully guaranteed deal with no options. It also has a descending structure, with a $15.7MM first-year salary, tweets John Gambadoro of Arizona Sports 98.7.

Oubre, 23, was selected 15th overall in the 2015 draft and spent the first three and a half years of his NBA career in Washington. The Wizards, who didn’t appear committed to paying him in free agency this summer, attempted to trade Oubre to Memphis in a three-team trade for Trevor Ariza last December, then pivoted when that deal fell through and sent him directly to Phoenix in a package for Ariza a few days later.

In 40 games (12 starts) with the Suns, Oubre posted some of the best numbers of his career, averaging 16.9 PPG, 4.9 RPG, and 1.4 SPG with a .453 FG% in 29.5 minutes per contest. All of those marks would have been career highs.

As they completed their offseason roster moves, the Suns made it a priority to keep Oubre’s cap hold on their books in order to retain his Bird Rights and go over the cap to re-sign him, sending Josh Jackson, De’Anthony Melton, and a pair of second-round picks to Memphis in a trade to shed salary and avoid losing the former Wizard.

While Oubre may have been hoping for a longer-term commitment, his new two-year contract will give the young forward some financial security and allow him to return to the open market as an unrestricted free agent when he’s just 25 years old, Wojnarowski observes (via Twitter).

Photo courtesy of USA Today Sports Images.

Jimmer Fredette Signs With Panathinaikos

July 15th, 2019 at 8:15am CST by clarkcrum

JULY 15: Fredette has officially signed with Panathinaikos, the Greek team announced today in a press release. Fredette published an Instagram post confirming his move to Greece and thanking fans for their support.

JULY 10: According to Nikos Varlas of Eurohoops, sharpshooting guard Jimmer Fredette has reached a two-year deal with Panathinaikos of the Greek Basket League and EuroLeague.

As Varlas notes, this will be the first European team Fredette plays for in his professional career. He also played in China from 2016 to 2019, becoming somewhat of a Chinese sensation before signing a two-year contract with the Suns back in March. The second year had a team option, which Phoenix declined back in June.

After his option was declined, Fredette briefly played with the Warriors’ summer league team, but left the team early so as not to get injured while he contemplated his overseas options in response to several foreign teams contacting his representatives about his availability.

A six-year NBA veteran, Fredette holds career averages of 6.0 points, 1.0 rebounds, and 1.4 assists in 13.3 minutes per game after being drafted No. 10 overall in the 2011 NBA Draft. His best season was probably as a rookie, when he averaged a career-high 7.6 PPG and 18.6 MPG.

Suns Quietly Make Constructive Moves During Offseason

July 14th, 2019 at 6:59pm CST by JD Shaw

The Suns quietly made some constructive roster moves this offseason, Greg Moore of the Arizona Republic writes. Phoenix was able to sign free agent point guard Ricky Rubio, re-sign forward Kelly Oubre Jr. and draft the likes of Cameron Johnson and Ty Jerome.

Trade Details: Napier, Graham, Warriors, Pacers, More

July 10th, 2019 at 4:59pm CST by Luke Adams

Eric Pincus of Basketball Insiders has provided some additional details on one of the most interesting trade sequences of the offseason, filling in the blanks on the deals that sent Shabazz Napier and Treveon Graham from Brooklyn to Golden State to Minnesota.

As previously outlined by cap guru Albert Nahmad (Twitter link), in order to match salaries in their sign-and-trade deal for Kevin Durant ($38,199,000), the Nets had to send out $30,479,200 in salaries of their own, but D’Angelo Russell‘s maximum salary was only worth $27,285,000.

Brooklyn included Napier’s ($1,845,301) and Graham’s ($1,645,357) non-guaranteed contracts to make up that $3,194,200 difference, but had to partially guarantee those salaries in order for them to count for salary-matching purposes. According to Pincus (via Twitter), the Nets did so by giving each player a guarantee worth $1,597,100.

The hard-capped Warriors, who only took on the duo in order to acquire Russell, didn’t want those contracts on their books, so they flipped them to the Timberwolves in a separate trade. According to Pincus (via Twitter), Golden State paid $3.6MM in cash to Minnesota in that deal, more than enough to cover both players’ full salaries and make it worth the Wolves’ while (Napier’s and Graham’s combined salaries total $3.5MM for 2019/20).

[RELATED: 2019 NBA Offseason Trades]

Interestingly, teams are limited to sending out a total of $5,617,000 in cash in trades during the 2019/20 league year, and the Warriors have now sent out $3.6MM to Minnesota and $2MM to Memphis (in the Andre Iguodala deal). In other words, Golden State won’t have the ability to send out additional cash later in the season in another trade.

Here are more details on recent trades:

In the three-way trade that landed them T.J. Warren from Phoenix and three future second-round picks from Miami, the Pacers sent $1.1MM in cash to the Suns, per Pincus (Twitter link).
The Clippers sent $110K to the Heat in the four-team Jimmy Butler sign-and-trade deal, says Pincus (Twitter link). That small amount of cash – the minimum allowable in a trade – was the only outgoing piece for the Clips in a swap that landed them Maurice Harkless, the Heat’s lottery-protected 2023 first-round pick (later included in the Paul George package), and the draft rights to 2017 second-rounder Mathias Lessort.
In addition to getting $1.1MM from the Wizards in their three-team Anthony Davis trade, the Pelicans also received $1MM in cash from the Lakers, tweets Pincus. Pincus also notes that Washington used its trade exception from February’s Markieff Morris trade to take on Bonga’s $1.42MM salary. That exception was originally worth $8.6MM and was also used to acquire Davis Bertans ($7MM), so it has essentially been all used up.

Suns Sign Point Guard Ricky Rubio

July 8th, 2019 at 9:33pm CST by ChrisCrouse

JULY 8, 9:33pm: The Suns have officially signed Rubio, according to a team press release.

JUNE 30, 5:37pm: In a shocking development, the Suns have stolen presumed Pacers target Ricky Rubio. Phoenix will sign him to a three-year, $51MM deal, according to Shams Charania of The Athletic tweets.

Multiple reports this week indicated that Rubio was expected to join the Pacers once free agency began, with one story calling it a “virtual done deal.” Indiana saw point guard Darren Collison retire and it left them extremely thin at the position. However, the team was able to add Malcolm Brogdon via sign-and-trade.

As for the Suns, they haven’t had stability at the point guard spot since they traded Eric Bledsoe away. Rubio and newcomer Dario Saric, who came to the team in a draft night trade, will add veteran presence to a team looking to make the postseason.

A former fifth overall pick, Rubio averaged 12.7 PPG, 6.1 APG, and 3.6 RPG in 68 games (27.9 MPG) for the Jazz last season. He’s not a great shooter, but Phoenix will lean on him for his play-making, passing, and defense.

The Suns will need to make an additional roster move to fit Rubio in under the cap, if they plan to keep Kelly Oubre‘s cap hold on their books, notes ESPN’s Bobby Marks.

Photo courtesy of USA Today Sports Images.

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.

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.

Suns Sign Cameron Johnson, Ty Jerome, Jalen Lecque

July 6th, 2019 at 9:51pm CST by Arthur Hill

First-round pick Cameron Johnson has signed his rookie scale contract with Phoenix, according to the NBA’s transactions log.

The Suns selected the sharpshooting forward out of North Carolina with the No. 11 pick after trading down from No. 6 in a deal with the Timberwolves. The move represented the biggest surprise in the lottery.

[RELATED: 2019 NBA Draft Pick Signings]

Terms of Johnson’s contract weren’t announced, but under the rookie scale he is eligible to earn $4,033,440, $4,235,160, $4,437,000 and $5,887,899 in his first four seasons.

Phoenix also signed the 24th pick, Ty Jerome, who was acquired in a trade with the Celtics, and Jalen Lecque, who agreed to sign with the Suns shortly after he went undrafted (Twitter link). Like Johnson, Jerome will get a standard rookie scale contract, but terms of Lecque’s deal aren’t known.

Celtics Trade Aron Baynes, Ty Jerome To Suns For 2020 First-Rounder

July 6th, 2019 at 1:32pm CST by clarkcrum

JULY 6: The trade between the Celtics and Suns is now official, Boston announced today (via Twitter).

JUNE 20: The Celtics, who obtained the No. 24 selection from the Sixers earlier tonight, have agreed to trade the pick to the Suns, who have drafted Virginia point guard Ty Jerome (per Adrian Wojnarowski of ESPN). The Celtics also included big man Aron Baynes in the deal, tweets Shams Charania of The Athletic and Stadium.

According to Adam Himmelsbach of The Boston Globe, Boston received a future draft pick from Phoenix in exchange for the rights to draft Jerome, and both Woj and Tim Bontemps of ESPN (link) report that the Suns are sending the Celtics the Bucks’ 2020 first-round pick. All told, the Suns will obtain both Baynes and Jerome, while the Celtics, who were said to be looking to move on from Baynes, pick up a first-rounder in next year’s draft.

The Bucks, of course, are expected to be one of the better teams in the league next season, so Boston’s selection will likely fall near the end of the first round, but they were evidently willing to wait a year for the first-round pick in order to move Baynes.

ESPN’s cap guru Bobby Marks notes that Phoenix is now down to a projected $14MM in cap space after accounting for Baynes’ salary and the cap hold for Jerome, which will surely curtail the level of free agent point guard Phoenix will be able to pursue on the free agent market this summer.

As for the Celtics, salary cap expert Albert Nahmad (link) notes that by trading Baynes and both the No. 20 and No. 24 picks away, Boston now has the ability to increase its cap room to $34.8MM, if Terry Rozier‘s cap hold is renounced (h/t to Marks).

Suns Acquire Saric, Johnson From Wolves For Culver

July 6th, 2019 at 12:55pm CST by Luke Adams

JULY 6: The Timberwolves have officially acquired the draft rights to No. 6 pick Jarrett Culver in exchange for Saric and the rights to No. 11 pick Cameron Johnson, the team announced today in a press release.

JUNE 20: The Timberwolves and Suns have reached an agreement on a trade, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that Minnesota is moving up to No. 6. In exchange for the sixth overall pick, Phoenix is receiving Dario Saric and the No. 11 overall pick, says Woj.

It’s the second trade agreement of the day for the Suns, who also reached a deal to send T.J. Warren and the No. 32 pick to the Pacers. Saric will help fill in the gap in the frontcourt created by Warren’s departure, slotting in as a stretch four alongside franchise center Deandre Ayton.

Saric, 25, averaged 10.6 PPG and 5.6 RPG with a .437/.365/.880 shooting line last season in 81 games for the Sixers and Timberwolves. He was part of the package Philadelphia sent to Minnesota in exchange for Jimmy Butler, and has now been dealt twice in the last year.

Meanwhile, new Timberwolves head of basketball operations Gersson Rosas, who wasn’t part of the front office when the team acquired Saric last fall, is showing right away that he’s not afraid to be aggressive. Minnesota is now in position to potentially draft one of the top point guards of the 2019 class — with the Hawks expected to draft De’Andre Hunter at No. 4, at least one of Darius Garland or Coby White should still be on the board at No. 6.

There have been rumors in recent weeks linking the Timberwolves to point guards, since Tyus Jones and Derrick Rose are headed for free agency and Jeff Teague is entering the final year of his contract. We’ll have to wait to see what Rosas has in mind for the No. 6 pick though.

According to Wojnarowski (via Twitter), Rosas had been trying to move up to No. 4 or No. 5 before ultimately reaching a deal with the Suns for No. 6.