Chris Paul Rumors | Hoops Rumors

Contract Details: Quickley, Barnes, Batum, Jones, CP3, Oubre, More

July 10th, 2024 at 7:15am CST by Luke Adams

Initially reported to be worth $175MM over five years, Immanuel Quickley‘s new contract with the Raptors actually has a base value of $162.5MM, according to Blake Murphy of Sportsnet (Twitter link). It also features $12.5MM in unlikely incentives – $2.5MM per year – that would allow the guard to max out at $175MM if he earns all of them. But for now the cap hits for Quickley will be $32.5MM annually.

Meanwhile, the “Rose rule” language in Scottie Barnes‘ new five-year, maximum-salary extension with the Raptors is fairly straightforward, Murphy notes (Twitter link). Barnes will have a starting salary worth 30% of the 2025/26 salary cap if he makes any All-NBA team – first, second, or third – next season, or if he wins MVP or Defensive Player of the Year. If he doesn’t earn any of those honors, his starting salary will be 25% of the ’25/26 cap, with 8% annual raises from there.

Based on the NBA’s latest salary cap projection, Barnes’ five-year extension would be worth $224,238,150 if it starts at 25% next year’s cap, or $269,085,780 if it starts at 30%.

Here are more details on a few of the contracts recently finalized around the NBA:

Nicolas Batum (15%) and Derrick Jones (5%) each received trade kickers on their new contracts with the Clippers, Hoops Rumors has learned. Batum’s deal is worth the full bi-annual exception ($9,569,400 over two years) with a second-year player option, while Jones’ three-year, $30MM deal was completed using a significant portion ($9,523,810) of the mid-level exception. Los Angeles still has $3,298,190 left on its MLE for now.
Chris Paul‘s one-year contract with the Spurs has a guaranteed base value of $10.46MM, with unlikely incentives that could push his total earnings as high as about $12.03MM, tweets Michael Scotto of HoopsHype. That structure allowed San Antonio to create the extra cap room necessary to accommodate Harrison Barnes‘ incoming salary while also putting Paul in position to earn more his initially reported salary of $11MM.
Kelly Oubre, whose two-year, $16,365,150 contract is worth the Sixers‘ entire room exception (and features a player option), waived his right to veto a trade in 2024/25, tweets Keith Smith of Spotrac. Kings center Alex Len gave up that right as well on his one-year, minimum-salary contract, Hoops Rumors has learned.
As expected, the contracts signed by new Kings guard Jordan McLaughlin and new Pelicans center Daniel Theis are one-year deals worth the veteran’s minimum.

DeRozan Trade Notes: Contract, Draft Picks, Spurs’ Moves, CP3

July 9th, 2024 at 7:35am CST by Luke Adams

DeMar DeRozan‘s new three-year contract with the Kings is worth $73.7MM, according to ESPN’s Adrian Wojnarowski (Twitter link), who says the third year is partially guaranteed for $10MM.

If we assume the contract has a standard ascending structure with 5% annual raises, that would work out to about $48MM in guaranteed money for DeRozan across the first two seasons, with $58MM guaranteed in total.

Here’s more on the three-team sign-and-trade deal sending DeRozan to Sacramento that was officially finalized on Monday:

The two second-round picks the Kings sent to the Bulls in the trade are Sacramento’s own 2025 and 2028 second-rounders, per RealGM. The Kings have also traded away their own 2025 first-round pick (top-10 protected) and recently dealt Portland’s 2025 second-rounder to Toronto, so they currently don’t control any selections in next year’s draft.
The fact that the Spurs only had to make one roster move (waiving Charles Bassey) to finalize the trade suggests that Harrison Barnes gave up his $3.7MM trade kicker in order to make the math work, as LJ Ellis of SpursTalk writes. Even with Barnes waiving that trade bonus, the numbers still don’t quite add up unless Chris Paul‘s cap hit comes in a little lower than the $11MM figure initially reported — Paul’s deal may include unlikely incentives that wouldn’t count against the cap but could push the value of his deal to $11MM (or higher), as cap expert Yossi Gozlan speculates (via Twitter).
Prior to completing the deal, the Spurs renounced their rights to a handful of free agents, including two players to whom they previously issued qualifying offers: Sandro Mamukelashvili and David Duke (Twitter link via Keith Smith of Spotrac). That doesn’t preclude bringing back either player, but Mamukelashvili and Duke are now unrestricted free agents, so San Antonio wouldn’t have the right to match an offer they get from another team.
The inclusion of RaiQuan Gray, who is on a two-way contract, was necessary in order for the Spurs and Bulls to “touch” in the three-team trade (ie. each club has to send or receive an asset from the other two teams in the deal). However, Gray – who was sent from San Antonio to Chicago – will be waived by the Bulls, as K.C. Johnson of NBC Sports Chicago reported (via Twitter). The Spurs now have two open two-way slots, while Chicago will have one once Gray is officially cut.
Barnes, who had been a King since 2019, published a pair of tweets thanking the franchise, city, and fans for the experience. “To Kings fans and all of SAC, this city will always hold a special place in my heart,” Barnes wrote as part of a longer statement. “Thank you for embracing me and making this city feel like home. Your passion and love for the game are unmatched. Grateful for the memories we made together!”

Spurs Officially Sign Chris Paul

July 7th, 2024 at 4:21pm CST by Dana Gauruder

The Spurs have officially signed 11-time All-NBA guard Chris Paul, according to a team press release relayed by ESPN’s Andrew Lopez (Twitter link).

Paul’s intention to sign with San Antonio was made public a week ago. The contract will reportedly be a one-year deal worth more than $11MM.

Paul was waived by the Warriors at the start of free agency. The 12-time All-Star figures to be a natural, if short-term, pick-and-roll partner for Victor Wembanyama.

Paul came off the bench a majority of the season for Golden State but will likely start for the Spurs. San Antonio used a variety of players to initiate the offense in Wembanyama’s rookie season with Tre Jones getting a majority of the starts at that position. Still, given that the Spurs seemed reluctant to make Jones their starter and didn’t do so until January, it seems unlikely that he would get the nod in next year’s starting five over the veteran Paul.

San Antonio’s cap space gave it an advantage over some other potential suitors for Paul. Golden State had to make a decision prior to free agency whether to guarantee Paul’s $30MM salary for the 2024/25 season. The Warriors were unsuccessful in their attempts to include Paul’s contract in a blockbuster deal, including a potential swap with the Clippers for Paul George.

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.

A Closer Look At How Paul George Wound Up In Philadelphia

July 2nd, 2024 at 1:54pm CST by Arthur Hill

Bad weather caused a two-hour flight delay for Sixers owner Josh Harris and franchise legend Julius Erving as they headed to Los Angeles to meet with Paul George on Sunday, writes Ramona Shelburne of ESPN. But they found a pleasant surprise when they arrived, as their No. 1 free agent target showed up wearing a T-shirt featuring another Sixers icon, Allen Iverson.

George’s other options were mostly exhausted by that point, so the late-night meeting was more or less a formality. The Clippers weren’t willing to give him the four-year contract he wanted, and the Magic, who were the other team George agreed to meet with, had already reached an agreement with Kentavious Caldwell-Pope that limited their remaining cap space.

George happily accepted the four-year max offer, giving Sixers brass the player they had been hoping to acquire since James Harden demanded a trade last summer. Sources tell Shelburne that when Clippers executive Lawrence Frank originally called to ask about Harden, Philadelphia president of basketball operations Daryl Morey asked for George in return. Frank wasn’t willing to consider it because L.A. was trying to compete for a title, but the team’s concerns about a long-term stay in the second apron eventually made George available in free agency.

Shelburne hears that after Kawhi Leonard agreed to a three-year, $150MM extension in January — after being eligible for four years at $221MM — there was pressure on George to accept a similar deal. At age 34, George was hoping to maximize what could be his final NBA contract, so he began to consider other options.

Sources tell Shelburne that the Clippers’ offers to George were for less guaranteed money than what Leonard received. She adds that George was aware that other teams were willing to give him a four-year max contract and he was disappointed by the Clippers’ resistance.

Shelburne confirms a weekend report that the Warriors made a serious effort to trade for George on Saturday as the deadline for picking up his $48.8MM option approached. Chris Paul‘s agreement to push back the guarantee date on his $30MM salary for next season was done in case Golden State needed to include all or part of that money in a deal with L.A.

Shelburne’s sources say there were talks at both the ownership and executive levels as the Warriors made numerous offers consisting of expiring contracts, young players and a 2027 first-round pick that would have been unprotected. The Clippers asked for Jonathan Kuminga to be included, but Shelburne hears that Golden State was unwilling to part with the talented young forward because they feared George’s interest in joining the Warriors would dip if they gave up too much to acquire him.

The trade ultimately died because of the Clippers’ reluctance to take back contracts that would push them into the second apron unless the talent level justified it.

Chris Paul Intends To Join Spurs After Clearing Waivers

June 30th, 2024 at 7:37pm CST by Dana Gauruder

Chris Paul intends to sign with the Spurs once he clears waivers, Chris Haynes of TNT and Bleacher Report tweets.

Paul was waived by the Warriors at the start of free agency. He’ll be an unrestricted free agent once he goes through waivers but he didn’t wait that long to choose his new team.

He’ll sign a one-year deal worth more than $11MM, ESPN’s Adrian Wojnarowski tweets.

Earlier on Sunday, Marc Stein (Twitter link) reported that San Antonio has “strong” interest. The 12-time All-Star figures to be a natural, if short-term, pick-and-roll partner for Victor Wembanyama.

It’s unclear whether the Spurs intend to use Paul as their starting point guard or if they’ll have him coming off the bench, as he did a majority of this past season in his one year with the Warriors.

San Antonio used a variety of players to initiate the offense in Wembanyama’s rookie season with Tre Jones getting a majority of the starts at that position. Still, given that the Spurs seemed reluctant to make Jones their starter and didn’t do so until January, it seems unlikely that he would get the nod in next year’s starting five over the veteran Paul.

San Antonio’s cap space gave it an advantage over some other potential suitors for Paul. The Spurs could sign him without waiving Devonte’ Graham, whose guarantee date was pushed back to July 8.

Graham’s contract is already partially guaranteed for $2.85MM for next season, but it will increase to $12.65MM if the Spurs retain him. If they waive Graham and their other non-guaranteed players, they would still have a $16MM in cap space at their disposal to sign Paul, cap expert Yossi Gozlan tweets.

At the moment, the Spurs are considered an over-the-cap team. If they stay that way, they could instead sign Paul by using a majority of their $12.8MM mid-level exception, ESPN’s Bobby Marks tweets.

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.

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.

Fischer’s Latest: Clippers, George, Warriors, Mavs, KCP, Klay, Nuggets, More

June 30th, 2024 at 12:53pm CST by Luke Adams

As they navigate the challenges of the second tax apron for 2024/25 and beyond, the Clippers have been adamant to this point that they don’t want to complete a contract longer than three years for any players, reports Jake Fischer of Yahoo Sports. Barring a change of heart, that means Los Angeles will be unwilling to go higher than three years for its own star free agents, Paul George and James Harden.

While Harden seems likely to end up on a new three-year agreement with the Clippers, per Fischer, that three-year limit has been a point of contention in negotiations with George. Both the Sixers and Magic – who are set to meet with George late on Sunday night – are willing to offer the star forward a four-year, maximum-salary contract, Fischer confirms.

Outside of the Clippers, Sixers, and Magic, there’s another team “lingering on the periphery” of the George situation, according to Fischer, who says the Jazz‘s “dreamiest plot” for the offseason would be to use their trade assets to acquire an impact player on the trade market (they pursued Mikal Bridges before Brooklyn agreed to send him to New York) and to use their cap room to land George. However, as Fischer acknowledges, it’s extremely unlikely that George will decide to sign in Utah.

Here’s more from Fischer’s latest rumor round-up, with the official start of free agency just hours away:

The trade options the Warriors have considered – using Chris Paul and/or Andrew Wiggins as outgoing pieces – range from giving up draft picks in a deal for Pelicans forward Brandon Ingram to acquiring a pick along with Bulls guard Zach LaVine, sources tell Fischer. If they don’t find a trade they like and lose Klay Thompson via free agency, the Warriors will have the full mid-level exception available. They’re considering possible targets using that MLE, says Fischer.
The Mavericks likely would have attempted to make a trade with the Nuggets to acquire Kentavious Caldwell-Pope if he had picked up his $15.4MM player option, Fischer reports. Now that Caldwell-Pope has opted for free agency, Thompson appears to be the free agent wing most likely to end up in Dallas, according to Fischer, who says Thompson also continues to be one of the Sixers‘ secondary targets if they miss out on George.
As for Caldwell-Pope, the Nuggets are preparing to lose him, with the Sixers and Magic both holding “strong” interest in the veteran swingman, per Fischer. A deal with one of those cap-room teams in the range of $50MM over two years could be a possibility for KCP, Fischer adds.
Having traded away Reggie Jackson, the Nuggets are in the market for a backup point guard. Sources tell Fischer that Russell Westbrook would have been a target using the taxpayer mid-level exception if he had opted out of his contract with the Clippers. Fischer also mentioned Hornets guard Vasilije Micic as a Denver target, noting that Zeke Nnaji – who is on the trade block – could be sent out in a deal for Micic.
The Nuggets have also long had interest in big man Dario Saric, who could be a target in free agency, Fischer says.
While it won’t be one of their top short-term priorities as free agency begins, the Clippers are expected to eventually work out an extension with center Ivica Zubac, sources tell Yahoo Sports.

Warriors Believed They Were Close To Trading For Paul George

June 30th, 2024 at 10:47am CST by Arthur Hill

The Warriors believed several times on Saturday that they were close to a deal to acquire Paul George from the Clippers, sources tell Tim Kawakami of The Athletic.

Kawakami hears that the teams were involved in “very serious negotiations” right up until the Saturday afternoon deadline for George to decide on his $48.8MM player option for next season. George ultimately declined the option, putting him out of the reach of Golden State, which doesn’t have any cap space to pursue him in free agency.

The Warriors had committed to giving George a four-year maximum-salary contract (ie. a three-year extension on top of his option year) if the deal had gone through, Kawakami adds. That was the main holdup with L.A., which has been unwilling to go beyond three total years in its talks with the 34-year-old forward.

There were several versions of a trade that the Clippers seemed willing to accept, Kawakami states, and Stephen Curry and Draymond Green both endorsed the idea of adding George.

George also provided “strong indications” that he wanted to be traded to the Warriors, according to Kawakami’s sources, but L.A. never gave final approval to the deal and George opted for free agency.

According to Kawakami, Andrew Wiggins, Chris Paul, Jonathan Kuminga, Moses Moody, and a first-round pick were among the Warriors’ potential outgoing trade chips that came up in discussions. If the two sides had agreed to a deal, it would have included some – but not all – of those pieces.

It’s a potentially devastating outcome for Golden State because George would have been an ideal replacement for Klay Thompson, who appears likely to be headed elsewhere. Even though Thompson can’t start talking to rival teams for a few more hours, an NBA source tells Kawakami that he has already said goodbye to several high-ranking members of the front office.

FA Rumors: Lakers, LeBron, Harden, Klay, George, Magic, DeRozan, More

June 30th, 2024 at 7:31am CST by Luke Adams

Having confirmed on Saturday that LeBron James would be open to accepting less than the maximum salary in certain scenarios, agent Rich Paul tells Dave McMenamin of ESPN that the idea would be for the Lakers to add an “impact player” using that extra flexibility.

James Harden, Klay Thompson, and Jonas Valanciunas are a few of the “impact” players who might fit that criteria, sources tell McMenamin. While it might be difficult to convince Harden or Thompson to settle for the mid-level (worth approximately $12.9MM), a sign-and-trade could also be a possibility to land that sort of player. Acquiring a player via sign-and-trade would hard-cap the Lakers at the first tax apron for 2024/25, but so would using more than the taxpayer portion ($5.2MM) of the mid-level exception.

If the Lakers aren’t able to add a player of that caliber, the plan would be for James to seek a max deal to return to the Lakers, Paul tells McMenamin. If LeBron does accept a pay cut, the most likely scenario would see him accept a two-year deal with a 2025/26 player option so that he’d have the ability to negotiate a raise a year from now, sources tell Jovan Buha of The Athletic.

Elsewhere on the Lakers front, after tendering a qualifying offer to Max Christie to make him a restricted free agent, the team would like to retain the 21-year-old guard, envisioning him as a rotation player next season, sources tell Buha. However, if L.A. hard-caps itself by adding an impact player via sign-and-trade or the MLE, fitting a new deal for Christie under the first apron could be a challenge.

Here are a few more rumors from around the NBA ahead of the official start of free agency on Sunday evening:

Adrian Wojnarowski of ESPN referred to the Sixers this morning on SportsCenter as a “legitimate threat” to sign Paul George away from the Clippers (hat tip to Adam Zagoria of NJ.com), while Marc Stein writes in his latest Substack story that Philadelphia has a “significant measure of renewed hope” in its ability to land the star forward.
Although the Magic are one of three teams to secure a meeting with George, the free agents connected most frequently to Orlando by league insiders are Knicks center Isaiah Hartenstein and Nuggets wing Kentavious Caldwell-Pope, per Stein.
There’s a belief that DeMar DeRozan may wait to see what happens with George’s free agency before making a decision, according to Stein, since he’d have a better feel for his options outside the Bulls at that point. Multiple reports this offseason have suggested the Clippers could be a suitor for DeRozan (likely via sign-and-trade) if they lose George.
While the Lakers have emerged as a legitimate option for Klay Thompson, the Mavericks have made the veteran sharpshooter their top free agent priority, even ahead of starting small forward Derrick Jones, says Stein. Dallas hasn’t ruled out the possibility of signing both players – that would require a sign-and-trade for Thompson and an MLE deal for Jones – which would be the team’s true “Plan A,” Stein writes, adding that Naji Marshall continues to be mentioned as a likely Mavs target if they lose Jones.
The Clippers and Spurs are among the teams expected to have interest in Chris Paul if the veteran point guard ends up being waived by Golden State and becoming a free agent, reports Stein.