Portland Trail Blazers Rumors | Hoops Rumors

Damian Lillard Signs Two-Year Extension With Blazers

July 9th, 2022 at 7:35pm CST by Rory Maher

JULY 9: Lillard’s extension is now official, the Trail Blazers announced in a press release.

“Damian Lillard is the greatest player in franchise history and an all-time NBA talent,” general manager Joe Cronin said. “In signing this contract extension, Damian continues his commitment to the city of Portland and the organization. We look forward to his continued excellence here with the Trail Blazers for many years to come.”

JULY 8: Damian Lillard is signing a two year, maximum-salary extension with the Trail Blazers, sources tell Shams Charania of The Athletic (Twitter link).

Multiple other reporters confirmed the news, including Chris Haynes of Yahoo Sports, Marc J. Spears of Andscape (Twitter links), and ESPN’s Bobby Marks (Twitter links).

According to Spears, Lillard is expected to put pen to paper tomorrow evening in Las Vegas, where Summer League is currently taking place. As part of the extension, Lillard will pick up the player option he held for 2024/25, says Marks.

As Marks relays, Lillard’s new deal contains a player option for ’26/27, so he’ll be under contract for at least four more seasons, with a player option in the fifth year. Lillard turns 32 next week, so the extension will carry through at least his age-35 season.

Although several reports state that Lillard’s deal will be worth $120MM, those are estimates based on the salary cap increasing significantly over time.

Lillard will get at least a 5% raise on his ’24/25 salary ($48,787,676), so the extension will be worth no less than $106.55MM. His maximum possible raise is 20%, in which case the extension would be worth $121.78MM. But the salary cap would have to be $167.3MM for him to get that full 20% raise, which would represent a huge year-over-year increase — this season’s cap is $123,655,000 cap.

Lillard struggled with injuries last season, appearing in just 29 games (36.4 MPG) with averages of 24.0 PPG, 4.1 RPG and 7.3 APG on .402/.324/.878 shooting. Both his field goal percentage and three-point percentage were career-lows, so clearly the abdominal injury – which required surgery and shut down his season prematurely – was hampering his on-court production.

Prior to his injury struggles in ’21/22, Lillard had been a stalwart performer for Portland, rarely missing games and averaging at least 35.5 MPG in each of his 10 seasons. Lillard has been named to both the All-Star team and All-NBA teams six times apiece during his career, which has been spent entirely with the Blazers.

Sam Amick of The Athletic wrote last week that Lillard still needed to be convinced that the Blazers were intent on competing after a disappointing season saw them finish 27-55 and miss out on the postseason for the first time since 2014. Reconstructing the roster by drafting Shaedon Sharpe, trading for Jerami Grant, signing free agent Gary Payton II, as well as re-signing Jusuf Nurkic and Anfernee Simons evidently was enough for Lillard to once again show his commitment to the only franchise he’s ever known.

Shaedon Sharpe To Miss Rest Of Summer League With Shoulder Tear

July 9th, 2022 at 2:30pm CST by Alex Kirschenbaum

Trail Blazers rookie swingman Shaedon Sharpe is set to miss the rest of this year’s Las Vegas Summer League after suffering a “small” labral tear in his left shoulder, the team has announced in a press release.

Portland adds that Sharpe, the No. 7 pick in the 2022 draft out of Kentucky, will have his injury reassessed in 10-to-14 days. He suited up for just six minutes during an eventual 81-78 loss to the Pistons Thursday before incurring the injury. He shot 1-of-3 from the floor in that time. The 6’6″ wing promptly left the game to undergo imaging.

A hyper-athletic, high-upside prospect, Sharpe never played a game for the Wildcats. Sharpe’s original intention was to redshirt his first season with Kentucky during the 2021/22 collegiate season, and then suit up in ’22/23. When it became clear he would be a lottery selection, Sharpe opted to enter the 2022 draft pool.

The 19-year-old inked a rookie-scale contract with Portland last week. Provided the Trail Blazers pick up his options, Sharpe would earn $27,340,903 over the full four-year deal.

Contract Details: Drummond, Jones, LaVine, Cancar, Martin, Nurkic

July 9th, 2022 at 2:20pm CST by Luke Adams

The two-year contracts that Andre Drummond and Derrick Jones signed with the Bulls have virtually identical terms. Both players will earn guaranteed $3.2MM salaries in 2022/23, with $3.36MM player options for the ’23/24 season, Hoops Rumors has learned. The only real difference between the two deals is how the Bulls completed them — Drummond received a portion of the non-taxpayer mid-level exception, while Jones was re-signed using his Non-Bird rights.

Here are more details on recently signed contracts from around the NBA:

Zach LaVine‘s five-year, maximum-salary contract with the Bulls includes a 15% trade kicker, Hoops Rumors has learned. For 2022/23, at least, that kicker will be inconsequential since LaVine is already earning the max, but it could be a factor later in his deal if the annual salary cap increases outpace his annual 8% raises.
Vlatko Cancar‘s three-year contract with the Nuggets features matching $2,234,359 cap hits in each of the first two seasons, plus a $2,346,606 team option for 2024/25. The first two years are guaranteed.
Heat forward Caleb Martin received a starting salary of $6,479,000, which is the full portion of the taxpayer mid-level exception. Miami remains below the tax apron, so the team can use the rest of the non-taxpayer MLE (approximately $4MM more) if it so chooses. Martin also got a third-year player option and a 15% trade kicker on his new three-year deal.
Jusuf Nurkic‘s four-year, $70MM contract with the Trail Blazers is fully guaranteed and is structured with standard 8% annual raises. It starts at $15,625,000 in 2022/23 and increases to $19,375,000 by year four in ’25/26.

Contract Details: DiVincenzo, Brown, Warren, Eubanks, Pinson

July 9th, 2022 at 11:51am CST by Luke Adams

Donte DiVincenzo‘s new two-year contract with the Warriors includes a 15% trade kicker, Hoops Rumors has learned. Golden State signed DiVincenzo using a $4.5MM chunk of its taxpayer mid-level exception, leaving a leftover portion of $1,979,000 on that MLE. DiVincenzo’s second-year player option is worth $4,725,000.

Here are a few more details on recently signed contracts:

Bruce Brown‘s two-year deal with the Nuggets is worth the full taxpayer mid-level exception ($6,479,000), with the maximum allowable 5% raise for his second-year player option ($6,802,950), Hoops Rumors has learned.
T.J. Warren‘s one-year contract with the Nets is worth the veteran’s minimum, Hoops Rumors has confirmed. Warren will earn a $2,628,597 salary while Brooklyn takes on a cap hit of $1,836,090 for the veteran forward.
As expected, the new one-year contracts Drew Eubanks (Trail Blazers) and Theo Pinson (Mavericks) are also worth the veteran’s minimum. Both deals are guaranteed.

Northwest Notes: Porter Jr., Lillard, Cancar, Gobert

July 9th, 2022 at 10:31am CST by Dana Gauruder

Michael Porter Jr.‘s season was short-circuited by back surgery but the Nuggets forward said he’s ready to go for next season, Harrison Wind of DNVR Sports tweets.

On an NBA TV interview, Porter said, “I think I’m 100% at this point. It’s a blessing. I feel good. I’m excited to get back on the court and play basketball.”

We have more from the Northwest Division:

In an interview with ESPN’s Cassidy Hubbarth, Damian Lillard said he’s healthy after recovering from abdominal surgery, Tim Reynolds of The Associated Press tweets. “I wanted to fight through it. … It got to the point where I had to play it smarter,” Lillard said. “… My body is stronger than it was before in certain areas.” Lillard will be signing a two-year max extension with the Trail Blazers.
In the same interview, Lillard gave a ringing endorsement to the Jerami Grant trade with the Pistons. Reynolds relays in another tweet. “I loved it. That was like the No. 1 thing I wanted to get done,” he said. “Jerami has been on winning teams in OKC and Denver. He brings something to the game that we haven’t had at that position.”
Vlatko Cancar‘s three-year contract with the Nuggets is worth $6.8MM, ESPN’s Bobby Marks tweets. Cancar signed the contract on Thursday. As previously reported, it includes a team option in the last year.
Rim protection and rebounding were areas of needs for the Timberwolves. That’s why they were willing to pay a high price for Rudy Gobert, Jon Krawczynski of The Athletic writes. “We gave up a lot. There’s no two ways about it,” president of basketball operations Tim Connelly said. “Tremendous draft capital, really good players, really good guys. But when you’re able to add a guy that’s as good as Rudy and not touch your top two or three players, it’s really, really rare.”

Shaedon Sharpe Expected To Undergo MRI On Shoulder

July 8th, 2022 at 7:06am CST by Luke Adams

Trail Blazers rookie Shaedon Sharpe played just six minutes in his Summer League debut on Thursday before sustaining a left shoulder injury, according to Chris Haynes of Yahoo Sports, who tweets that Sharpe is expected to undergo an MRI to assess the severity of the injury.

Sharpe, who was technically enrolled at Kentucky for his first and only college season in 2021/22, never actually played for the team, making him one of the biggest mysteries of this year’s draft. However, Portland was willing to bet on his upside, making him the No. 7 overall pick last month.

Fans and league observers eager to watch Sharpe during the Las Vegas Summer League might only end up getting a brief glimpse — even if the 19-year-old’s shoulder injury isn’t serious, the Blazers may play it safe and shut him down for the rest of the event.

Sharpe signed his rookie scale contract last Friday, locking in a $6MM+ guaranteed salary for 2022/23.

And-Ones: Schuler, Musa, Canaan, FA Bargains

July 7th, 2022 at 3:56pm CST by Rory Maher

Former Trail Blazers head coach Mike Schuler has passed away at age 81, the team announced in a press release. Schuler compiled a 127-84 record over parts of three seasons with the Blazers from 1986-1989, winning NBA Coach of the Year in 1987/88, when Portland went 53-29 in the regular season.

A native of Portsmouth, Ohio, who graduated from Ohio University in 1962, Schuler was a college coach for 16 years before transitioning to the pros. His NBA coaching career spanned 24 years and included stops with the Nets, Bucks, Warriors, Clippers (head coach from ’90-92), Kings and Timberwolves.

Our condolences go out to Schuler’s friends and family.

Here’s more from around the basketball world:

Former Nets wing Dzanan Musa, who was named the Most Valuable Player of Liga ACB, Spain’s top basketball league, back in May, is close to signing with Spanish powerhouse Real Madrid, according to a report from Eurohoops.net. The 29th pick of the 2018 draft, Musa appeared in 49 games over two seasons with Brooklyn from 2018-20. He’s excelled since returning to Europe, playing for teams in Turkey and Spain over the last two years. Musa averaged 20.1 PPG, 5.1 RPG, and 3.1 APG on .494/.381/.787 shooting in 29 Liga ACB games (32.0 MPG) for CB Breogan this past season.
Isaiah Canaan, who holds six seasons of NBA experience with the Rockets, Sixers, Bulls, Suns, Timberwolves and Bucks from 2013-19, is signing with Greek team Olympiacos, sources tell Stavros Barbarousis of Eurohoops.net. Canaan spent two seasons with Russian team UNICS Kazan, but left the club when it was suspended from EuroLeague action following the invasion of Ukraine. He finished out last season with Turkish club Galatasaray. Across 235 NBA games (20.4 MPG), Canaan has career averages of 8.1 PPG, 1.9 RPG and 1.9 APG on .371/.351/.836 shooting.
Jared Dubin of FiveThirtyEight.com explores which teams have leveled up in free agency thus far, and which clubs have found bargains. Adding Danilo Gallinari and trading for Malcolm Brogdon means the Celtics have leveled up, according to Dubin, who also points to the Nuggets, Clippers and Sixers as teams that improved. The Bucks, Raptors, Blazers, Warriors, Kings and Lakers are teams that have found bargains, Dubin writes.

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.”