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Raptors Acquire Olynyk, Agbaji From Jazz For 2024 First-Round Pick

February 8th, 2024 at 2:52pm CST by Luke Adams

2:52pm: The trade is official, the Raptors and Jazz announced in a pair of press releases.

9:38am: The Jazz have agreed to trade center Kelly Olynyk and wing Ochai Agbaji to the Raptors, sources tell ESPN’s Adrian Wojnarowski (Twitter link). According to Wojnarowski, Utah will receive Kira Lewis, Otto Porter, and a 2024 first-round pick from Toronto in the deal.

That 2024 first-rounder will be the least favorable of the Thunder’s, Clippers’, Rockets’, and Jazz’s picks, per Wojnarowski (Twitter link), so it figures to land near the end of the first round. Utah’s pick is top-10 protected, meaning there’s a scenario in which the Jazz end up hanging onto their own first-rounder and receive a separate pick (likely OKC’s or L.A.’s) as a result of this deal.

While it’s a little surprising to see a lottery-bound team like the Raptors surrender a first-round pick, the deal will net them a solid big man in Olynyk and a promising young prospect in Agbaji, who was the 14th overall pick in the 2022 draft.

Assuming the Raptors intend to hang onto Olynyk, the Toronto native will become the ninth Canadian to play for the franchise and will provide some depth in a frontcourt that’s relatively thin behind Jakob Poeltl. A forward/center who can stretch the floor, Olynyk is averaging 8.4 points, 5.1 rebounds, and a career-high 4.4 assists in 20.4 minutes per game across 50 appearances this season. The 32-year-old has made 42.9% of his three-pointers, boosting his career rate to 37.0%.

Olynyk is on an expiring contract, but the Raptors will control his Bird rights this offseason, giving them the ability to go over the cap to re-sign him or to figure out a sign-and-trade.

As for Agbaji, the young wing hasn’t shown much offensive game since entering the league last season, but is a solid defender who still has room to grow and is under contract through 2026. The Raptors have liked Agbaji for a while, tweets Josh Lewenberg of TSN.ca, and presumably view him as the type of player who can develop alongside the team’s young core of Scottie Barnes, Immanuel Quickley, and RJ Barrett.

The Jazz and Raptors had reportedly been discussing a similar deal that would have included Bruce Brown – rather than a first-round pick – going to Utah. However, Toronto controlled an excess of picks in a 2024 draft that the club isn’t believed to be especially high on, while the Jazz are at risk of losing their own ’24 first-round selection, so the inclusion of the low first-rounder makes some sense.

The Raptors still own the Pacers’ first-round pick and the Pistons’ second-round pick in 2024, and would hang onto their own first-rounder if it ends up in the top six.

Lewis’ salary couldn’t be aggregated in a trade after being acquired from Indiana last month, but that won’t be necessary, since Porter’s $6.3MM cap hit is enough on its own to match Olynyk’s $12.2MM incoming salary, while Lewis’ $5.7MM salary will be used to match Agbaji’s $4.1MM cap hit.

It remains to be seen whether the Jazz will hang onto Lewis and/or Porter for the rest of the season. Lewis is a former lottery pick and Porter has had some strong seasons as a three-and-D wing, but both players have battled injuries in recent years and haven’t played much outside of garbage time in 2023/24.

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Western Rumors: Suns, Rockets, O’Neale, Tate, Jazz, Grizzlies

February 8th, 2024 at 8:43am CST by Luke Adams

The Suns continue to keep an eye on Nets forward Royce O’Neale and Rockets wing Jae’Sean Tate, according to Michael Scotto of HoopsHype, who hears from league sources that Phoenix has discussed a package of Nassir Little and second-round picks for one of those two players.

As Scotto details, the Suns are hoping to find a wing and/or a frontcourt piece on the trade market and will likely be aggressive on the buyout market looking for that sort of player if they’re unable to make a deal. Phoenix will be prohibited from signing a player whose pre-waiver salary exceeds $12.4MM, but not every player on the buyout market will fit that bill.

The Rockets, who are among the other teams with interest in O’Neale, have sought either a late first-round pick or multiple second-rounders to part with Tate, league sources tell Scotto. Aaron Holiday is another Houston player who has generated trade interest.

If the Rockets were to acquire draft assets for a player like Tate or Holiday, they could ultimately flip those picks for another rotation player, Scotto writes.

Here’s more from around the Western Conference in advance of today’s trade deadline:

  • Scotto hears from multiple executives who have explored trading for Kelly Olynyk that the Jazz are seeking draft compensation — ideally a first-round pick. Another potential Utah trade candidate, Kris Dunn, appears likely to stick with the team through the deadline unless the team gets an “unexpected” offer it can’t refuse, a league source tells HoopsHype.
  • The Jazz have had some talks with the Hornets about forward P.J. Washington, according to Ian Begley of SNY.tv, who says John Collins came up in those discussions.
  • Rival executives believe that some of the Grizzlies‘ recent first-round picks – Ziaire Williams, David Roddy, and Jake LaRavia – could be trade candidates, given the emergence of cheaper youngsters like Vince Williams and GG Jackson, says Scotto. Memphis is facing a bit of a roster and cap crunch for 2024/25, so creating a bit more flexibility in both areas would help.
  • Suns head coach Frank Vogel said on Wednesday won’t mind if his front office decides to stand pat at the deadline, per Duane Rankin of The Arizona Republic. “I’m very in the loop with all of those conversations, but as I said (Tuesday), we love where we’re at as a team,” Vogel said. “If we don’t do anything, I’ll be really happy with the group we have, but obviously, you always look at ways to improve your team.”
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Fischer’s Latest: Pelicans, Stewart, Hawks, Olynyk, Drummond, Lakers, Nets

February 7th, 2024 at 9:02pm CST by Arthur Hill

The Pelicans are searching for a rim protector, but they’ve had to cross at least two names off their wish list, reports Jake Fischer of Yahoo Sports. Sources tell Fischer that New Orleans was hoping to acquire Jarrett Allen, but the Cavaliers aren’t willing to include him in trade talks. The team also targeted Wendell Carter, but Fischer’s sources say the Magic refuse to make him available.

Fischer cites Pistons big man Isaiah Stewart as a potential alternative for the Pelicans. Detroit agreed to two deals today and may be willing to consider moving Stewart as the team reshapes its roster. Hawks centers Onyeka Okongwu and Clint Capela could also be possibilities, according to Fischer.

Fischer hears that the Pelicans and Hawks were involved in “tangible trade talks” this week involving both centers, along with guard Dejounte Murray, who’s considered one of the top names on this year’s trade market. However, sources tell Fischer that the teams haven’t been able to make any progress toward a deal.

Fischer offers more inside information on the eve of the deadline:

  • Jazz center Kelly Olynyk could be on the way to Toronto, but there are plenty of teams interested in acquiring him, whether it’s from Utah or the Raptors, according to Fischer’s sources. Fischer names the Sixers, Heat and Warriors as teams that have shown interest in Olynyk, adding that the Celtics were also on that list before today’s trade for Xavier Tillman.
  • The Tillman deal removes one suitor for Bulls center Andre Drummond, Fischer adds. The Sixers remain interested in Drummond as a short-term starter while Joel Embiid is injured, according to Fischer, who also lists the Mavericks and Suns as potential landing spots. Fischer’s sources say the Rockets and Lakers also had interest in the veteran center, but they’re considered less likely alternatives. Chicago is hoping for multiple second-round picks in exchange for Drummond, with Fischer noting that it seems like a reasonable price considering that’s what the Celtics gave Memphis for Tillman. Fischer also cautions that the Bulls are hoping to advance through the play-in tournament, so Drummond isn’t certain to be dealt.
  • The Lakers like several Brooklyn players, including Dorian Finney-Smith, Spencer Dinwiddie and Royce O’Neale, Fischer adds. He also points out that the Nets have Lonnie Walker, who was popular with L.A. fans in last year’s playoffs and has attracted interest from several contenders.
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Sixers Rumors: Brogdon, Bogdanovic, Hield, Morris, Covington

February 7th, 2024 at 8:00pm CST by Arthur Hill

The Sixers contacted the Trail Blazers about Malcolm Brogdon, but Portland appears reluctant to move him, sources tell Kyle Neubeck of PHLY Sports. Neubeck hears that Philadelphia is attempting to add a combo guard who’s comfortable either running the offense or playing off the ball. That description fits Brogdon, who handled both roles while winning Sixth Man of the Year honors last season in Boston.

An efficient shooter throughout his career, Brogdon is connecting at 44% from the field and 41.2% from three-point range this season. He’s currently making $22.5MM and is owed the same amount for 2024/25, and the Blazers are content to hold onto him unless they’re “bowled over with an offer,” according to Neubeck.

Neubeck reports that the Sixers also made exploratory calls to the Hawks about Bogdan Bogdanovic, but Atlanta is asking for a high price in return. Part of Bogdanovic’s value stems from his team-friendly contract, which pays him $17.3MM next season and $16MM in 2025/26 with a $16MM team option for 2026/27.

Neubeck has more on the Sixers:

  • Philadelphia has interest in Pacers guard Buddy Hield, but Neubeck cites a “gap in valuation” between the teams that makes it unlikely they can agree on a deal. A source tells Neubeck that Indiana wants a first-round pick in exchange for Hield, while the Sixers are limiting their offer to expiring contracts and second-rounders.
  • The front office is hoping to find a starting-caliber center to replace Joel Embiid while he recovers from a knee procedure. Andre Drummond from the Bulls and Kelly Olynyk from the Jazz are widely reported options, but Neubeck hears that the Sixers have explored other possibilities and will likely sign someone if they can’t work out a trade before the deadline.
  • A source tells Neubeck that Marcus Morris and Robert Covington are the most likely Sixers to be traded. ESPN’s Brian Windhorst had a similar report on his Hoop Collective podcast.
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Jazz, Raptors Discussing Bruce Brown Trade

February 7th, 2024 at 6:59pm CST by Arthur Hill

The Jazz have entered the competition to acquire Bruce Brown from the Raptors, according to Jake Fischer of Yahoo Sports.

Sources tell Fischer that the teams are discussing the framework of a deal that would send Kelly Olynyk and Ochai Agbaji to Toronto in exchange for Brown. Draft assets could also be included, as Fischer notes that the Raptors have been insisting on a first-round pick in discussions about Brown with other teams.

Olynyk has a $12.2MM expiring contract and will be an unrestricted free agent this summer. The 32-year-old big man is a native of Toronto and a member of the Canadian national team, so he might be inclined to re-sign with the Raptors in hopes of finishing his career in his hometown. After starting for the Jazz last season, Olynyk has moved into mostly a reserve role this year and is averaging 8.1 points, 5.1 rebounds and 4.4 assists in 20.4 minutes per game.

Agbaji, who was acquired from Cleveland in the Donovan Mitchell trade, is in his second NBA season. The 22-year-old shooting guard has been fighting for playing time in Utah’s crowded backcourt and is averaging 5.4 points and 2.5 rebounds in 19.7 minutes per night. The 14th pick in the 2022 draft, Agbaji remains on his rookie contract and will earn $4.3MM next season with a $6.4MM team option for 2025/26.

The Lakers and Knicks have been rumored as Brown’s top pursuers, and Fischer suggests that if he winds up in Utah, it will be an indication that L.A. might not make a significant move before this year’s deadline. Fischer points out that the Lakers will be in a better position to add talent this summer when they’ll have three tradable first-round picks to offer.

Utah has already started to shake up its roster, agreeing to send forward Simone Fontecchio to the Pistons earlier today in exchange for a 2024 second-round pick.

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Trade Rumors: Olynyk, Fontecchio, Celtics, Suns, Sixers, Lakers, More

February 7th, 2024 at 7:48am CST by Luke Adams

The Jazz likely won’t be buyers at the trade deadline, league sources tell Tony Jones of The Athletic, but the team could very well be active, with Kelly Olynyk, Jordan Clarkson, and Simone Fontecchio among the top candidates to be dealt.

Jones classifies Clarkson as the least likely player in that trio to be on the move by Thursday’s trade deadline, writing that Olynyk has generated widespread interest among playoff contenders due to his expiring contract and offensive versatility. As for Fontecchio, the forward has generated serious interest from the Celtics and Suns, Jones reports. Those two clubs have limited salary-matching pieces, so Fontecchio’s $3MM cap hit makes him an ideal target.

According to Brian Robb of MassLive.com, the Celtics actually have interest in multiple Jazz players. Robb confirms Fontecchio is a target and suggests the club is eyeing Olynyk and Kris Dunn as well. Olynyk is likely a long shot due to his $12.2MM cap hit, which would be impossible for Boston to match without packaging several players; Dunn’s $2.6MM salary represents a better fit.

Adam Himmelsbach of The Boston Globe (Twitter link) is hearing from sources that it would be surprising if the Celtics don’t make a deadline deal. However, it’s most likely to be a relatively minor move for a player who would essentially provide injury insurance, Himmelsbach says.

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

  • Despite the fact that they’ll be without Joel Embiid for at least a month or two as he recovers from knee surgery, the Sixers continue to operate as buyers in advance of the trade deadline, Adrian Wojnarowski said during a Tuesday appearance on NBA Today (Twitter video link). Philadelphia is exploring the market for centers, per Wojnarowski, hoping to find a big man who can fill in for Embiid and help the team maintain its hold on a playoff spot in the East.
  • Sam Amick of The Athletic takes a look at the Lakers‘ ongoing pursuit of guard Dejounte Murray, confirming previous reports stating that Hawks head coach Quin Snyder has advocated for the team to hang onto the former All-Star and that an agreement may ultimately hinge on Atlanta’s ability to flip D’Angelo Russell to a third team.
  • Within that same Athletic story, Amick says a high-ranking Lakers official “scoffed” at the idea that the club would ever consider trading LeBron James and cites team sources who say the franchise would “strongly prefer” for LeBron to ultimately retire as a Laker. With that in mind, Los Angeles’ desire to keep James happy is a factor to consider as the club weighs potential moves at the trade deadline, Amick notes.
  • Although Nic Claxton will be an unrestricted free agent at season’s end, the Nets would have to be blown away by an offer to consider moving him at this week’s deadline, writes Ian Begley of SNY.tv. Sources tell Begley that Brooklyn wants Claxton on its roster going forward and will be aggressive about trying to re-sign him in the offseason.
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Rockets Rumors: Bridges, Centers, Tate, Brogdon, Core

January 31st, 2024 at 2:15pm CST by Luke Adams

Despite a modest 22-24 record that places them 11th in the West, the Rockets are motivated to be buyers on the trade market at next week’s deadline and will be seeking high-level talent, according to Kelly Iko, Shams Charania, and Sam Amick of The Athletic.

As The Athletic’s trio explains, the presence of new head coach Ime Udoka – and his strong influence with the team’s top decision-makers – has contributed to an acceleration of the Rockets’ timeline. Udoka has been frustrated by the team’s “inconsistencies” and is determined to make the postseason, and his level of urgency has helped convince the front office to adjust its expectations for the club and its strategy on the trade market.

The Rockets’ interest in Nets forward Mikal Bridges, reported earlier today by Michael Scotto of HoopsHype, is one example of the club’s pursuit of impact players. The Athletic’s reporters confirm that Houston’s level of interest in Bridges is “extremely high,” but echo Scotto in saying that Brooklyn continues to view the 27-year-old as a cornerstone piece and has no interest in moving him.

Here’s more on the Rockets:

  • Houston also continues to scour the trade market for more frontcourt help, with Kelly Olynyk (Jazz), Clint Capela (Hawks), Andre Drummond (Bulls), and Robert Williams (Trail Blazers) among the big men on the team’s radar, per Iko, Charania, and Amick. Udoka would like to find a center capable of not only manning the position when Alperen Sengun is on the bench but also potentially playing alongside Sengun, like Williams and Al Horford did during Udoka’s time in Boston.
  • While the Rockets will likely look to package draft capital with expiring or pseudo-expiring contracts like those belonging to Victor Oladipo, Jock Landale, and Boban Marjanovic, they also view forward Jae’Sean Tate as “movable,” according to The Athletic’s report. League sources tell The Athletic that the Celtics and Suns have shown some level of interest in Tate.
  • A ball-handler who can defend would also be on the Rockets’ wish list, league sources tell The Athletic’s trio, who mention Trail Blazers guard Malcolm Brogdon as one player who fits the bill. However, Houston isn’t eager to cut into Cam Whitmore‘s or Amen Thompson‘s minutes, which may affect the club’s aggressiveness in pursuing backcourt help.
  • Whitmore and Thompson are considered off-limits in most trade talks, according to Iko, Charania, and Amick, who say the Rockets aren’t interested in moving Jabari Smith or Tari Eason either. Jalen Green is also in that group of young players Houston would be very reluctant to trade, though The Athletic’s reporters suggest he’s not necessarily viewed as untouchable like he would’ve been a year or two ago, with Sengun having overtaken him as the player prioritized in the Rockets’ schemes. It sounds as if Houston won’t move any of its young core players in a deal for a mere rotation upgrade, but would consider including one in a package for a star.
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Knicks Rumors: Clarkson, Olynyk, Grimes, Griffin, Randle, More

January 31st, 2024 at 9:06am CST by Luke Adams

Jazz guard Jordan Clarkson and big man Kelly Olynyk are among the players the Knicks have inquired on ahead of next Thursday’s trade deadline, league sources tell Michael Scotto of HoopsHype. Scotto says New York registered trade interest in both Utah players earlier in January.

According to Scotto, Knicks wing Quentin Grimes came up in separate discussions with the Jazz for Clarkson and Olynyk. Ian Begley of SNY.tv previously identified Utah as one of the teams with interest in Grimes.

Sources tell HoopsHype that Olynyk has drawn interest from several clubs and is viewed by rival executives as the Jazz’s top trade candidate, though one NBA scout who spoke to Scotto is more bullish about Clarkson’s ability to make an impact for a new team.

“Whatever team can get Clarkson will be a game changer,” that scout said. “I think he’s the best of the volume scorers available on the trade market.”

Here’s more on the Knicks:

  • According to Scotto, Grimes has also come up in New York’s discussions with the Hawks, another team previously named by Begley as a team with interest in the third-year swingman. The two clubs discussed Grimes in separate negotiations involving Dejounte Murray and AJ Griffin, per Scotto, who adds that Atlanta views Grimes as a potential three-and-D fit next to Trae Young.
  • Knicks forward OG Anunoby missed a second consecutive game on Tuesday due to inflammation in his elbow, but he’s still considered day-to-day, so it doesn’t sound like his absence should be a lengthy one, writes Peter Botte of The New York Post. As Botte relays, head coach Tom Thibodeau said on Tuesday that he hopes to have more information on Julius Randle‘s recovery timeline for his dislocated right shoulder within “a day or two.”
  • Despite being without Anunoby and Randle again, the Knicks won their eighth consecutive game on Tuesday, registering a 118-103 victory at home over Utah. Precious Achiuwa played a significant role in his second start as a Knick, scoring 18 points on 8-of-13 shooting in a season-high 40 minutes. “I’m getting more and more comfortable with my teammates,” Achiuwa said, per Andrew Crane of The New York Post. “They’re getting comfortable with me and my style of play as well, and just playing the right way, making the right reads.”
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Trade Rumors: Gafford, Grimes, Wizards, Raptors, Jazz, Bridges

January 26th, 2024 at 3:36pm CST by Luke Adams

The Wizards are among the teams with interest in Knicks wing Quentin Grimes, according to Ian Begley of SNY.tv, who also confirms that Washington center Daniel Gafford remains on New York’s radar. A report a couple weeks ago indicated that the Knicks had inquired on Gafford.

With Isaiah Hartenstein playing well in a starting role, Precious Achiuwa and Jericho Sims providing depth at the five, and Mitchell Robinson possibly on track to return before the season is over, the Knicks might already be set up front.

However, Robinson’s return this season isn’t a certainty and Hartenstein has missed the past two games with an injury of his own (left Achilles tendinopathy), so it sounds as if the Knicks haven’t ruled out the possibility of pursuing another frontcourt player. Still, if Hartenstein is back in the lineup within a week or so and feels good, I wouldn’t expect a center – especially one like Gafford, who wouldn’t be cheap – to be a focus at the deadline.

Here are a few more trade-related notes and rumors from around the NBA:

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Stein’s Latest: Rockets, Barnes, O’Neale, Hunter, Bogdanovic, Jazz, Murray

January 16th, 2024 at 6:58pm CST by Dana Gauruder

The Rockets are pursuing frontcourt options to give Most Improved Player Award candidate Alperen Şengün some help, Marc Stein reports in his latest Substack post. They’re danging Victor Oladipo‘s expiring $9.5MM deal and Jock Landale‘s contract, which isn’t guaranteed beyond this season, as enticements. Houston is also seeking another shooter and has shown interest in the Kings’ Harrison Barnes, according to Stein.

Here are more tidbits from Stein’s story:

  • Barnes could be on the move, despite signing a three-year, $54MM extension last offseason. However, the Kings would prefer to get an impact player using Barnes as part of the package. They’ve had discussions with the Raptors regarding a potential Pascal Siakam deal. The Kings have also made Kevin Huerter and Davion Mitchell available but have no interest in dealing second-year forward Keegan Murray.
  • Stein suggested a couple of days ago that the Cavaliers might pursue Royce O’Neale to fill their 3-and-D need. He now hears that the Nets forward is indeed on Cleveland’s list of targets. The Hawks’ De’Andre Hunter could also be a target to watch for Cleveland, but his contract — he’s in the first year of a four-year, $90MM extension — would make the Cavs’ future cap issues more challenging. O’Neale will be a free agent after the season.
  • The Pistons had some exploratory discussions with a number of teams regarding swingman Bojan Bogdanović. However, it’s not a certainty they’ll deal him, says Stein. They may want to keep him around to help avoid setting the NBA record for the worst all-time season record, currently held by Sixers (9-73).
  • The Jazz’s surge up the Western Conference standings has made it tougher to predict what their front office will do in the coming weeks. Kelly Olynyk and Jordan Clarkson are the veterans most frequently mentioned as potential trade pieces but the chatter regarding John Collins has died down since he became the team’s starting center, according to Stein. Top exec Danny Ainge will still likely listen to trade pitches for virtually any player on the roster.
  • Dejounte Murray‘s list of potential suitors includes the Spurs, Lakers, Nets, Knicks and Pistons, Stein reports. The Hawks, as previously noted, are looking to replenish their draft assets after they gave up three first-round picks (two of their own) and a pick swap to acquire him from San Antonio in 2022.
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