- A pair of two-way contracts that have been signed early in the 2023/24 league year will cover two seasons instead of just one. Craig Porter‘s deal with the Cavaliers and Jaylen Martin‘s agreement with the Knicks are each for two years, per Keith Smith of Spotrac (Twitter links).
JULY 6: The trade is official, the Heat announced (via Twitter). As part of the deal, Miami will also swap second-round picks with the Spurs, with Miami receiving a 2027 selection and San Antonio receiving a 2026 pick. The Cavs are also sending cash to the Spurs.
JULY 1: The Cavaliers, Heat, and Spurs have agreed to a three-team deal that will land Max Strus in Cleveland via sign-and-trade, reports Adrian Wojnarowski of ESPN (Twitter link). Agent Mark Bartelstein tells Wojnarowski that Strus has agreed to a four-year, $63MM contract with the Cavs.
Miami will acquire a second-round pick and will create a trade exception in the deal, while San Antonio will receive Cedi Osman, Lamar Stevens, and a second-round pick, according to Wojnarowski.
The second-rounder going to Miami is the Lakers’ 2026 pick, while the one headed to San Antonio is Cleveland’s 2030 selection, reports Chris Fedor of Cleveland.com.
Strus had been repeatedly mentioned as a top target for the Cavs in the days and hours leading up to free agency. A report on Thursday indicated Cleveland hoped its $12.4MM mid-level exception would be enough to land the 27-year-old, but with rumors suggesting his market was above the MLE, a report on Friday suggested the Cavs were looking into three-team sign-and-trade scenarios.
Right before free agency opened, Marc Stein reported that a scenario in which the Cavs sign-and-trade for Strus and use their mid-level exception to add Georges Niang appeared “increasingly likely.” Sure enough, Cleveland is poised to add both players, having reached an agreement with Niang on Friday night.
A former undrafted free agent who had brief stints in Boston and Chicago early in his career, Strus blossomed into a reliable rotation player in Miami during the last two seasons. In 148 games since the start of 2021/22, he has averaged 11.1 points and 3.1 rebounds in 26.1 minutes per night, with a shooting line of .423/.376/.845. He moved ahead of Duncan Robinson in the Heat’s rotation during that time in large part due to his more stable presence on defense.
The Cavs had been on the lookout for a wing to complement starters Donovan Mitchell, Darius Garland, Jarrett Allen, and Evan Mobley for the better part of the year. Strus should slot into that role nicely along with Caris LeVert, who also agreed to return to Cleveland.
In moving off Osman and Stevens in this trade, the Cavs should still be about $12.5MM below the luxury tax line with 10 players on the books, tweets Yossi Gozlan of HoopsHype.
The Heat, who project to be a taxpayer in 2023/24, had been bracing for Strus’ departure, recognizing that they weren’t prepared to match his price on the open market. They reportedly didn’t want to take any salary back in a sign-and-trade and were able to achieve that goal. The traded player exception they generate as part of the transaction will be worth half of Strus’ first-year salary — based on the reported terms of his deal, that TPE should come in at about $7MM.
As for the Spurs, they entered the day with more leftover cap room than any other NBA team and will use a portion of it to add a second-round pick and two forwards who are on expiring contracts and who should be in the mix for rotation roles if they remain on San Antonio’s roster.
Osman, who will earn $6.7MM in 2023/24 before reaching unrestricted free agency, has been a rotation player in Cleveland for the last six seasons, averaging 9.7 PPG, 3.0 RPG, and 2.0 APG with a .353 3PT% in 404 games (23.6 MPG) during that time.
Stevens, a solid defensive wing who doesn’t provide much on offense, has a $1.93MM non-guaranteed salary — some or all of that money will become guaranteed as part of this deal in order to satisfy the NBA’s salary-matching rules.
The Spurs will still have approximately $23-26MM in cap space available.
In an effort to steer Damian Lillard to the Heat, agent Aaron Goodwin has been contacting other teams and warning them not to pursue a trade with the Trail Blazers, according to ESPN’s Adrian Wojnarowksi. Several executives around the league told Wojnarowski that Goodwin is claiming Lillard won’t be happy if he gets dealt anywhere but Miami.
General managers have insisted to Woj that the tactic is fairly common and won’t impact their interest in a potential Lillard deal. He remains under contract, and the opinion throughout the league is that he’ll play equally well no matter where he winds up.
The two-year, maximum-salary extension that Lillard received last summer makes it more difficult for Portland to find value in return for its star guard, Wojnarowski adds. Although Lillard is under contract through 2026/27, his salary for that season will be more than $63MM, which a lot of teams don’t want to take onto their cap.
Some progress toward a Lillard deal could be made this week as executives gather for the Las Vegas Summer League, but Wojnarowski doesn’t expect a quick resolution. He suggests it may take most of the summer for Portland to find an acceptable offer and that Miami’s best chance could be for the process to drag on so long that other teams in the market for Lillard drop out of the bidding.
There’s more from the Northwest Division:
- Rayan Rupert‘s new contract with the Trail Blazers is fully guaranteed for two seasons and carries a team option for the third year, tweets Michael Scotto of HoopsHype. The New Zealand Breakers star was selected with the 43rd overall pick.
- The Spurs or Cavaliers might have offered him more, but Naz Reid was happy to bypass free agency in favor of a three-year extension with the Timberwolves, per Chris Hine of The Star Tribune. Reid was hoping to remain in Minnesota after spending his first four NBA seasons there. “I started my career here. I wanted to continue my career here,” Reid said. “I’ve gotten better each and every year here as well, so it only made sense. I didn’t want to go anywhere else and continue my journey, as far as I’ve gone. I’ve felt all my teammates and coaches and everybody has been great to me.”
- Collin Gillespie is eager to show the Nuggets what he can do after suffering a lower left leg fracture last summer, writes Ryan McFadden of The Denver Post. Gillespie received a two-way contract and remained on Denver’s roster even though he wasn’t able to play. “When I got injured, I was like ‘Man, this is not good,’” he said. “But it just tells you about the organization (and) what kind of people they are. It’s a special organization. I was extremely grateful that they stuck with me.”
The Mavericks have added three assistants to their staff.
Alex Jensen, who had been with the Jazz since 2013, is leaving Utah to join Jason Kidd’s staff, according to Adrian Wojnarowski of ESPN (Twitter link). Bryan Gates is also coming to Dallas as an assistant, Wojnarowski adds in another tweet. Josh Broghamer is another newcomer to Dallas, according to Marc Stein (Twitter link).
Jensen played a major role in Rudy Gobert‘s development, tweets Tim MacMahon of ESPN, noting that rookie big man Dereck Lively should “benefit tremendously” from Jensen’s tutelage.
Prior to his stint in Utah, Jensen was the first coach for the G League Canton Charge.
Gates spent the past two seasons as an assistant with the Suns under Monty Williams. He has also worked as an NBA assistant in Sacramento (2009-10 and 2016-19), New Orleans (2010-15) and Minnesota (2015-16 and 2019-21).
Broghamer comes over from the Cavaliers, where he served as the director of advance scouting and player development. He previously worked for the Bucks when Kidd was their head coach.
The Mavericks let go of three assistants after failing to make the playoffs, Callie Caplan of the Dallas Morning News notes. Lead offensive assistant Greg St. Jean, shooting coach Peter Patton and Quinton Crawford were not retained. Patton has since joined the Bulls’ staff, while Crawford wound up with the Suns.
The Pistons didn’t have the “loud and exciting” free agency that some fans were anticipating, but they’ve added veteran depth to their young roster, according to James L. Edwards of The Athletic, who notes that former lottery picks like Marvin Bagley III, James Wiseman, and Killian Hayes project to be low enough on the depth chart that they’ll have to earn their minutes.
Edwards does believe that all three of Bagley, Wiseman, and Hayes are candidates to be traded before or during the 2023/24 season. While more established veterans like Bojan Bogdanovic or Alec Burks could theoretically be moved too, none of the public statements made by general manager Troy Weaver about the team’s roster suggests that’s in the cards at this point, Edwards writes.
Here’s more from around the Central:
- The Cavaliers‘ 2023 offseason hasn’t been as splashy as in 2022, when the club acquired Donovan Mitchell. However, the team has accomplished virtually everything it set out to do by lining up deals to add a starting-caliber wing (Max Strus), a frontcourt shooter (Georges Niang), and a reserve center (Damian Jones), says Chris Fedor of Cleveland.com. The club also re-signed its own top free agent, Caris LeVert, and will bring in a player Koby Altman has targeted in the past: Ty Jerome. Cleveland tried to sign Jerome to a two-way contract a year ago, per Fedor, but he joined Golden State instead.
- The Cavaliers announced minor some changes within their front office, having promoted Brendon Yu to be the team’s director of scouting. Yu previously held the position of Cleveland Charge general manager, a role that will be taken over by Liron Fanan, the first female G League GM in team history.
- Some of the top forwards on the free agent market – including Harrison Barnes and Kyle Kuzma – may have used the Pacers‘ interest as leverage to get better deals with their own teams, notes Dustin Dopirak of The Indianapolis Star. Still, even if it wasn’t Indiana’s Plan A in free agency, Bruce Brown and Obi Toppin represent solid additions who won’t necessarily compromise the team’s financial flexibility beyond 2023/24, as Dopirak details.
- Besides being able to play both forward spots and defend multiple positions, Torrey Craig will also bring some much-needed shooting to the Bulls, writes Darnell Mayberry of The Athletic. As Mayberry observes, Chicago has ranked dead last in the NBA in each of the two seasons. Craig, who agreed to a two-year deal with the team, made a career-best 39.5% of his attempts from beyond the arc last season.
The Cavaliers have filled two of their three two-way slots for the 2023/24 season by signing forward Isaiah Mobley and guard Craig Porter to two-way contracts, per NBA.com’s official transaction log.
Neither move comes as a surprise. Mobley was on a two-way deal last season and received a two-way qualifying offer last week that made him a restricted free agent. As for Porter, his agreement with Cleveland was reported shortly after he went undrafted on June 22.
Mobley, the older brother of rising Cavs star Evan Mobley, appeared in just 12 games and logged 84 total minutes at the NBA level last season after being drafted 49th overall out of USC. He played a much bigger role for the Cleveland Charge, the Cavs’ G League affiliate, averaging 21.0 points, 8.6 rebounds, and 4.0 assists with a .517/.353/.730 shooting line in 33.2 minutes per game across 22 regular season contests.
Porter, who went undrafted out of Wichita State, was a fifth-year senior who played three seasons with the Shockers after transferring from Vincennes. He had by far his best year in 2022/23, averaging 13.5 points, 6.2 rebounds and 4.9 assists in 31 games (33.6 MPG) and earning third-team All-AAC honors.
The Cavs have one open two-way slot left and it’s not yet clear who will fill it. Last season’s other two-way player, Mamadi Diakite, didn’t receive a qualifying offer, so No. 49 pick Emoni Bates looks like the leading candidate, unless he earns a spot on the standard 15-man roster.
Free agent guard Darren Collison didn’t play in the NBA at all last season and has appeared in just three games since 2019, but he hasn’t given up on earning a spot on an opening-night roster this fall. According to Chris Haynes of TNT and Bleacher Report (Twitter link), Collison worked out last week for the Suns and had a “great showing.”
The Suns, who entered free agency with eight players under contract, have reached deals with seven free agents, so they project to have a full 15-man roster. However, Haynes says the club continues to be “aggressive” in seeking role players.
One way Phoenix could open up a roster spot is by waiving or trading Isaiah Todd, whose inclusion in the Bradley Beal trade seemed to be more about Washington moving off his guaranteed 2023/24 salary than the Suns specifically targeting him. Still, any form of salary dump will be costly for a Suns team that projects to be well over the tax line and doesn’t have any future draft picks left to trade.
Here are a few more notes related to free agency:
- The Warriors withdrew their qualifying offer to Ty Jerome, while the Nuggets did the same with Jack White, per RealGM’s transactions log. Reports on Saturday indicated that Jerome had reached a contract agreement with the Cavaliers and that White is poised to sign with the Thunder. With those qualifying offers no longer on the table, the two players are no longer restricted free agents, clearing the path for them to freely join their new teams as unrestricted FAs.
- Once coveted for its power to attract a top free agent, maximum-salary cap room no longer has the cachet it once did, according to John Hollinger of The Athletic, who notes that the Rockets were the only team this summer to use a significant chunk of cap space to sign a marquee free agent (Fred VanVleet) to a huge, multiyear deal. Most other teams with room have used it for trades, renegotiations, or smaller (and/or shorter-term) signings. As Hollinger observes, the new contract extension rules in the 2017 CBA have resulted in fewer stars reaching the open market, with 2019 standing out as the last big summer of free agent movement.
- Warriors guards Chris Paul and Stephen Curry are 38 and 35 years old, respectively, and have each dealt with injuries over the years. The addition of Cory Joseph, who agreed to a one-year deal with Golden State on Sunday, will help ensure that those veteran stars get the rest they need during the regular season, according to Dalton Johnson of NBC Sports Bay Area, who takes a closer look at what Joseph will bring to the team.
The Heat didn’t go beyond their initial offer to Max Strus, according to Ira Winderman of the South Florida Sun Sentinel (Twitter link).
Strus attracted plenty of attention on the free agent market and Miami eventually agreed to a sign-and-trade with the Cavaliers that turned into a three-team swap. Strus wound up with a four-year, $63MM contract, far more than the Heat were willing to pay him. The Heat will get a traded player exception worth approximately $7MM in the deal.
Miami did make a counter-offer for Gabe Vincent, Winderman adds, but it couldn’t stop him from agreeing to a three-year contract with the Lakers for more money.
We have more on the Heat:
- Orlando Robinson has signed a standard minimum-salary contract but he has some work to do to earn the full value for 2023/24, Winderman tweets. There are conditional elements to the contract, including guarantee dates. One of those stipulations is that he must make the opening-night roster.
- The Nets have been contacted regarding the possibility of acquiring Tyler Herro in order to facilitate a Damian Lillard deal between the Trail Blazers and Heat, Barry Jackson of the Miami Herald tweets. This confirms another report that the Nets were interested in Herro, whose four-year, $120MM extension kicks in next season.
- Herro may be weary of hearing his name in trade rumors. For what it’s worth, Herro has removed “Miami Heat Guard” from the header on his Twitter feed and replaced it with “Slow motion,” NBA Central relays (Twitter link).
- Jamaree Bouyea, recently signed to a two-way contract, believes he can become the next Heat success story among undrafted players, Anthony Chiang of the Miami Herald tweets. Bouyea played on separate 10-day contracts with the Heat and Wizards as an undrafted rookie last year. “I like how they just invest, they invest in their young guys,” he said. “Obviously, they have a bunch of undrafted talent that got paid this offseason and offseasons before this, as well.”
In addition to their previously reported interest in Grant Williams, the Mavericks have their eye on another restricted free agent, Matisse Thybulle of the Trail Blazers, league sources tell veteran NBA reporter Marc Stein (Substack story).
It’s unclear if Dallas has a real shot at either player — according to Stein, the Celtics and Blazers have been sending “behind-the-scenes signals” that they plan to match any offer sheet on their respective RFAs, and the over-the-cap Mavericks will be limited to the mid-level exception.
Besides pursuing another wing, the Mavericks would still like to upgrade their center spot. They explored trades for Clint Capela and Deandre Ayton and would have been interested in Naz Reid if he had reached free agency, Stein writes. For now, Dwight Powell and Richaun Holmes appears poised to vie for the starting job as lottery pick Dereck Lively adjusts to the NBA.
Here’s more from Stein’s latest look around the league:
- There have been some “whispers” this week that Cavaliers center Jarrett Allen may be more available via trade than the team is letting on, says Stein. Allen was an All-Star in 2021/22 and had another solid season in ’22/23, but struggled to make an impact during Cleveland’s first-round playoff loss to New York.
- Stein, like some other reporters, has heard that the Sixers have essentially made Tyrese Maxey untouchable in trade discussions. A team source tells Stein that Philadelphia views Maxey as an integral part of the club’s future and is adamant that he won’t be available in any trade.
- According to Stein, Dwight Powell received “serious” interest from the Rockets before deciding to remain with the Mavericks. Houston pivoted to Jock Landale after Powell chose Dallas, Stein explains.
JULY 6: The Cavaliers have officially signed Jerome, the team announced today in a press release.
Golden State withdrew its qualifying offer to Jerome, making him an unrestricted free agent and clearing the way for him to sign with Cleveland.
JULY 1: The Cavaliers will sign shooting guard Ty Jerome to a two-year, $5MM contract, tweets ESPN’s Adrian Wojnarowski.
Jerome received a minimum-salary qualifying offer from the Warriors this week, making him a restricted free agent. However, Cleveland was able to put together a package that Golden State doesn’t plan to match, according to Anthony Slater of The Athletic (Twitter link).
Jerome spent one season with Golden State after signing a two-way contract last October. He appeared in 45 games, averaging 6.9 points, 1.7 rebounds and 3.0 assists in 18.1 minutes per night.
The former Virginia standout was the 24th overall selection in the 2019 draft and started his career with the Suns. He also played two seasons with the Thunder, but spent much of his time in the G League.
There were rumors late in the season that the Warriors might convert Jerome to a standard deal so he could be eligible for the playoffs, but Golden State opted to make that move with Anthony Lamb instead.
Jerome will add depth to a Cleveland backcourt that features Donovan Mitchell, Darius Garland, Ricky Rubio and the newly acquired Max Strus.