Portland Trail Blazers Rumors | Hoops Rumors

Contract Details: J. Smith, Oladipo, Co. Martin, Payton, More

July 7th, 2022 at 6:45am CST by Luke Adams

Jalen Smith‘s new deal with the Pacers, initially reported as a two-year agreement, is actually a three-year contract with a player option in year three, according to Scott Agness of Fieldhouse Files (Twitter link). The deal also includes a trade kicker, says Agness.

Hoops Rumors can confirm Agness’ report and add that Smith’s trade kicker is worth 10%. The Pacers gave the big man the highest starting salary they legally could after the 2022/23 option in his rookie scale contract was turned down last year, resulting in a 2022/23 cap hit of $4,670,160 and subsequent 8% annual raises. Smith’s three-year deal has a total value of $15.13MM.

Here are a few more details on recently signed or agreed-upon contracts:

According to Anthony Chiang of The Miami Herald, Victor Oladipo‘s two-year deal with the Heat will be worth in the neighborhood of $18MM. As we relayed on Wednesday evening, Oladipo agreed to lower his 2022/23 salary in exchange for a second-year option. Dewayne Dedmon‘s two-year contract with the Heat, meanwhile, is worth $4.7MM in ’22/23 with a non-guaranteed $4.32MM salary in ’23/24.
Cody Martin‘s four-year contract with the Hornets is worth a total of $31.36MM, Hoops Rumors has learned. Martin’s $8.68MM salary in the final season of the deal (2025/26) is non-guaranteed.
Gary Payton II‘s three-year deal with the Trail Blazers has a starting salary of $8.3MM and is worth $26.15MM in total, slightly below its reported value of $28MM, Hoops Rumors has learned. The signing leaves Portland with a small portion of its mid-level exception remaining.
Jae’Sean Tate‘s three-year contract with the Rockets has a base value of $20.63MM, but can be worth up to $22.13MM if Tate earns all of his unlikely incentives. Kelly Iko of The Athletic previously reported that those incentives are tied to the team’s performance and that Tate’s contract includes a third-year team option.
Anfernee Simons‘ new four-year, $100MM contract with the Trail Blazers is fully guaranteed, without any incentives, Hoops Rumors has learned. It begins at $22.32MM in 2022/23 and eventually increases to $27.68MM in ’25/26.
New Raptors forward Otto Porter will earn $6MM in 2022/23, with a $6.3MM player option in ’23/24, Hoops Rumors has learned.

Trail Blazers Sign Anfernee Simons To Four-Year Contract

July 6th, 2022 at 9:15pm CST by Rory Maher

JULY 6: Simons’ new deal is now official, the Trail Blazers confirmed in a press release.

“Anfernee is already one of the league’s top shooters and this past season he showed elite ability as a shot creator and distributor,” GM Joe Cronin said as part of a larger statement. “We are excited for him to continue the growth he has shown in his first four seasons in Portland.”

The team announced its new deal with center Jusuf Nurkic within the same release.

JUNE 30: The Trail Blazers and restricted free agent guard Anfernee Simons have agreed to a four-year contract worth $100MM, agent Bill Duffy tells Adrian Wojnarowski of ESPN (Twitter link).

Reports leading up to free agency suggested Simons would likely be in line for a deal worth $80MM over four years, so it appears he did better than anticipated. It’s also possible that $100MM is the max Simons could earn on the new contract after incentives and the base value is lower.

Simons, who turned 23 earlier this month, had a breakout fourth season with Portland, posting career-highs in points (17.3), rebounds (2.6) and assists (3.9) in 57 games (30 starts, 29.5 minutes per night). He also had a very respectable .443/.405/.888 shooting line, good for a 58.3 true shooting percentage.

While Simons certainly earned a significant raise on the $3.9MM he made last season, there are some questions about how he might fit next to another ball dominant player like fellow guard Damian Lillard. Simons’ emergence came on the heels of injuries to Lillard and CJ McCollum, who was later traded to New Orleans.

For example, Simons averaged 12.1 points, 2.4 rebounds and 2.0 assists on .426/.385/.935 shooting (55.1% true) in 27 games (24.1 minutes) as a reserve in 2021/22, versus 22 points, 2.8 rebounds and 5.5 assists on .452/.415/.871 shooting (60% true) in 30 games (34.3 minutes) as a starter. He functioned as the primary ball-handler while starting and thrived in the role.

Simons is an excellent athlete, but he’s not very strong and has been a poor defender to this point in his career. Still, he’s young and could improve with time.

Shaedon Sharpe Impresses Teammates In Practice

July 6th, 2022 at 7:59pm CST by Arthur Hill

Shaedon Sharpe‘s teammates with the Trail Blazers‘ Summer League squad have been raving about his performance in practice, according to Aaron Fentress of The Oregonian. Summer League will provide the first major exposure for the No. 7 overall pick, who didn’t play in college. “He’s a freak athlete,” Keon Johnson said. “He can score the ball, but he can also defend. I see why we drafted him. I feel like me and him are very similar in many different ways.”

Trail Blazers Waive Eric Bledsoe

July 6th, 2022 at 5:20pm CST by Luke Adams

5:20pm: The Trail Blazers have officially placed Bledsoe on waivers, per a press release. He’s on track to become an unrestricted free agent on Friday.

9:41am: The Trail Blazers intend to waive Eric Bledsoe in the coming days, according to Shams Charania of The Athletic (Twitter link), who says several teams are expected to register interest in Bledsoe as a free agent.

Bledsoe had been under contract for $19.38MM in 2022/23, but only $3.9MM of that money is fully guaranteed. If the point guard were to remain under contract through July 10, his full salary would become guaranteed, so Portland will officially waive him before that happens.

Bledsoe, 32, began the 2021/22 season with the Clippers, appearing in 54 games (29 starts) for L.A. and averaging 9.9 PPG, 4.2 APG, and 3.4 RPG in 25.5 minutes per contest. However, he was sent to Portland in the Norman Powell/Robert Covington trade prior to the trade deadline.

Bledsoe never actually appeared in a single game for the Blazers. The team announced in March that he was being shut down for the season after receiving a platelet-rich plasma (PRP) injection to address the tendinopathy in his left Achilles tendon.

The Blazers were in tank mode after the trade deadline and were shutting down just about veteran on their roster who had a minor ailment, so there’s no reason to think that Bledsoe’s Achilles issue is significant enough to hinder his ability to catch on with a new team once he reaches free agency.

Portland will have the option of applying Bledsoe’s $3.9MM in dead money solely to the 2022/23 cap or stretching it into increments of $1.3MM across three seasons. Stretching that cap hit could be something the Blazers consider, given their proximity to the luxury tax line.

Yossi Gozlan of HoopsHype (Twitter link) estimates that Portland’s team salary is approximately $3.7MM above the tax threshold, but we’ll need to wait for the official details to come in on contracts for Anfernee Simons, Jusuf Nurkic, and Gary Payton II to know for sure.

Nuggets Acquire Ismael Kamagate From Blazers

July 6th, 2022 at 5:14pm CST by Rory Maher

JULY 6: The trade between Denver and Portland is now official, the Blazers announced in a press release.

The Nuggets received the draft rights to Kamagate, while the Blazers will receive either the Timberwolves’ or Hornets’ second-round pick (whichever is more favorable).

JUNE 23: The Nuggets are acquiring French center Ismael Kamagate, the 46th pick of the 2022 NBA draft, from the Trail Blazers in exchange for a 2024 second-round pick, sources tell Mike Singer of The Denver Post (All Twitter links). Portland acquired the 46th pick from Detroit as part of the impending Jerami Grant trade.

In 34 appearances (27.1 MPG) for Paris Basketball of France’s LNB Pro A league (first division) this season, Kamagate averaged 11.3 PPG, 6.3 RPG and 1.6 BPG while shooting 64.3% from the floor and 65.4% from the free throw line.

According to Mike Schmitz, who used to work for ESPN but was recently hired as an assistant GM by the Blazers, the 6’11” big man has an impressive physical profile but is considered more of a long-term project than a player who’s ready for immediate action in the NBA. Kamagate is a strong inside finisher and a skilled offensive talent, per Schmitz, but he’s not a great rebounder and is a pretty poor defender at this point.

Based on Schmitz’ scouting report, Kamagate might be a draft-and-stash candidate for a Denver team that hopes to contend for a title next season.

Trail Blazers Acquire Jerami Grant From Pistons

July 6th, 2022 at 12:08pm CST by Arthur Hill

JULY 6: With the July moratorium over, the Trail Blazers and Pistons have officially completed the Grant trade, according to press releases from both teams.

“Jerami Grant is a dynamic two-way forward that can impact winning at a high level,” Blazers GM Joe Cronin said in a statement. “He fits seamlessly into Coach (Chauncey) Billups’ system on both sides of the ball. We could not be happier to have him in Portland.”

JUNE 22: The Pistons have agreed to trade forward Jerami Grant to the Trail Blazers, tweets Adrian Wojnarowski of ESPN.

In return, Detroit will receive the Bucks’ 2025 first-round pick, which is top-four protected, according to Wojnarowski.

The teams will also swap second-round picks in this year’s draft, with Detroit sending No. 46 to Portland in exchange for No. 36, sources tell Wojnarowski (Twitter link). Additionally, the Pistons will get their own 2025 second-round selection back from the Blazers, and Portland will send out either its own 2026 second-rounder or the Pelicans’ ’26 second-rounder (whichever is more favorable).

Portland will acquire Grant with the $21MM trade exception created in the CJ McCollum deal, and the Pistons will have about $43MM in cap space heading into free agency (Twitter link).

The Trail Blazers’ pursuit of Grant dates back to at least the trade deadline, and they were able to add him while holding on to the No. 7 overall pick in Thursday’s draft.

Grant averaged 19.2 points and 4.1 rebounds in 47 games this season and should help with Portland’s desire to rebuild quickly after a down season. He became a focal point of the offense during the last two seasons in Detroit after playing more of a secondary three-and-D role during previous stops in Oklahoma City and Denver. While the 28-year-old won’t be the go-to option in Portland, he should have an opportunity to be an important piece of the Blazers’ lineup alongside Damian Lillard and RFA-to-be Anfernee Simons.

Grant has one year left on his current contract at $20.955MM. He’s eligible for a veteran extension and the Blazers will likely pursue that possibility at some point before he reaches unrestricted free agency in 2023. Once the deal becomes official, Portland could only offer Grant up to $45.1MM for two years, but he’d become eligible for a four-year extension worth up to $112.7MM six months after the trade.

Jody Allen: Trail Blazers Not Currently For Sale

July 5th, 2022 at 1:50pm CST by Luke Adams

The Trail Blazers aren’t for sale and no discussions about the potential sale of the team are ongoing, chair Jody Allen said in a statement issued today by the team.

“As chair of both the Portland Trail Blazers and the Seattle Seahawks, my long-term focus is building championship teams that our communities are proud of,” Allen said. “Like my brother Paul, I trust and expect our leaders and coaches to build winning teams that deliver results on and off the court and field.

“As we’ve stated before, neither of the teams is for sale and there are no sales discussions happening.

“A time will come when that changes given Paul’s plans to dedicate the vast majority of his wealth to philanthropy, but estates of this size and complexity can take 10 to 20 years to wind down. There is no pre-ordained timeline by which the teams must be sold.

“Until then, my focus – and that of our teams – is on winning.”

Longtime Blazers owner Paul Allen passed away on October 15, 2018, resulting in control of the franchise being transferred to his sister Jody, the trustee and executor of his estate. As today’s statement notes, the plan following his death was for ownership of the Blazers to eventually change hands as part of an estate sale.

One report earlier this year suggested that some league insiders believe a Blazers sale will be completed by the end of 2023, and ESPN’s Adrian Wojnarowski revealed last month that Nike co-founder Phil Knight and Dodgers co-owner Alan Smolinisky were making an effort to buy the franchise with an offer of over $2 billion.

However, the Blazers indicated at the time of Wojnarowski’s report that the team wasn’t for sale, and Allen’s comments today suggest there are no plans for it to be sold in the short term. That will change at some point, but an exact timeline remains up in the air.

Western Rumors: Mitchell, Payton II, Lillard, Bryant

July 1st, 2022 at 7:49pm CST by Rory Maher

Rudy Gobert‘s impending trade to Minnesota, in which Utah will receive multiple unprotected first-round picks, and a separate trade sending Royce O’Neale to Brooklyn for another first-round pick, could be seen as an indication that the Jazz might be rebuilding.

In an appearance on NBA Today, ESPN’s Brian Windhorst said (video link from Talkin’ NBA) the league is preparing for Jazz star Donovan Mitchell to request a trade, noting that O’Neale was one of Mitchell’s closest friends on the team.

“If you’re Donovan Mitchell and you see two trades like this that are designed to save more than $100MM and get first-round draft picks, that doesn’t inspire confidence,” Windhorst said. “And talking to league executives who saw some of this coming, they think it would be abnormal for Donovan to not want out at this point.

“Now, they obviously have the option to use these assets to trade something to put around Donovan, and that may be what they’re trying to sell him on. But right now, there are teams out there that are revving up the possibility of calling Utah and seeing what it’s going to take to get Donovan Mitchell, because they’re not going to be done. This is not a team that needs Mike Conley. This is not a team that needs Bojan Bogdanovic. This is not a team that needs Rudy Gay. All of these guys who have long-term money who have value to other places, I would suspect, are going to potentially be on the trade market and the Jazz are going to get calls.”

When the Gobert news broke, both ESPN’s Adrian Wojnarowski and Tony Jones of The Athletic said the Jazz planned to retool the roster around Mitchell rather than move him.

However, Andy Larsen of The Salt Lake Tribune hears (Twitter links) that it’s not a lock that the Jazz will keep Mitchell, saying there’s been some “push back” on those reports. The Jazz plan to keep their options open for all possibilities, according to Larsen, who notes that Mitchell could be a fallback option for the Heat if they’re unable to land Kevin Durant.

Here are a few more rumors from the Western Conference:

A source tells Sam Amick of The Athletic that both Stephen Curry and Draymond Green pitched Gary Payton II on sticking with the Warriors, but Golden State’s reported offer — two years for about taxpayer mid-level exception money — was substantially less than he received from the Trail Blazers (three years, $28MM). Losing Payton will surely sting for the Warriors, as he was a fan favorite and an excellent defender, Amick observes.
As Amick relays, it was assumed that Damian Lillard would be a lock to sign a two-year, max extension shortly after free agency opened, which has yet to transpire. The deadline won’t pass until the start of the regular season, but Lillard may still needs some convincing to sign the deal, a source tells Amick, who says the star guard wanted the Blazers to have a strong offseason to prove they could build a contender around him. According to Amick, adding Payton will surely help matters. Not only does the team need perimeter defense, which Payton provides, but there are a couple other ties between the two players. Payton’s father, Hall-of-Famer Gary Payton, has been a mentor to Lillard, and all three are represented by agent Aaron Goodwin.
Brad Turner of The Los Angeles Times hears (via Twitter) from sources that the Lakers are very interested in a reunion with center Thomas Bryant, who is an unrestricted free agent. However, the Lakers can only offer a veteran minimum deal, so Bryant is in search of a better offer. The Raptors are also pursuing Bryant, per Turner.

Trail Blazers Sign Shaedon Sharpe

July 1st, 2022 at 1:11pm CST by Arthur Hill

Shaedon Sharpe, the seventh pick in last week’s draft, has signed his rookie contract with the Trail Blazers, the team announced in a press release.

The 19-year-old Canadian was considered a wild card heading into the draft because he didn’t play college basketball. Scouts watched his practices at Kentucky, but hadn’t seen him in action in a competitive environment since he left high school.

As the No. 7 selection, Sharpe will receive $6,012,960 during his first season if he signs for the maximum allowable 120% of the rookie scale, which virtually all first-round picks do. He’s eligible to make $27,340,903 over the four-year contract, assuming the Blazers pick up his options.

Sharpe is expected to play for Portland’s entry in the Las Vegas Summer League, which starts next week.

Trail Blazers Re-Sign Drew Eubanks

July 1st, 2022 at 11:54am CST by Arthur Hill

JULY 7: Eubanks’ new contract with the Blazers is now official, per a team release.

“Drew’s work ethic and style of play left an imprint on us last season,” general manager Joe Cronin said in a statement. “His toughness and ability to finish at the rim will be assets to our frontcourt depth.”

JULY 1: Drew Eubanks will return to the Trail Blazers on a one-year contract, tweets ESPN’s Adrian Wojnarowski. The deal was confirmed by Eubanks’ agent, James Dunleavy.

Eubanks started last season with the Spurs before being shipped to Toronto at the trade deadline. He caught on with the Trail Blazers in late February and remained with the team through the end of the season on five 10-day contracts. Eubanks started all 22 games that he played for Portland and averaged 14.5 points and 8.5 rebounds in 29.5 minutes per night.

The 25-year-old big man signed with San Antonio in 2018 after going undrafted out of Oregon State. He spent more than three seasons as a backup for the Spurs before being traded.