Toronto Raptors Rumors | Hoops Rumors

Raptors Sign Ulrich Chomche To Two-Way Deal

July 9th, 2024 at 3:36pm CST by Luke Adams

The Raptors have officially signed No. 57 overall pick Ulrich Chomche to a two-way contract, per the NBA’s transaction log.

According to Blake Murphy of Sportsnet (Twitter link), Chomche’s deal will cover two years instead of just one, putting him on track to reach restricted free agency in 2026. Chomche was the youngest player in this year’s draft class (he won’t turn 19 until December 30), so his camp and the Raptors agreed to approach his development with a longer-term view, Murphy explains.

Chomche, who was born in Cameroon, was part of the NBA Academy Africa before playing in the Basketball Africa League in 2022 and 2023. The 6’11” center became the first player in league history to be selected in an NBA draft after playing in the BAL.

The Raptors reportedly sent the Timberwolves $1MM in cash to acquire the No. 57 pick in last month’s draft in order to nab Chomche. That deal ended up being expanded to include four teams.

Toronto has now filled all three of its two-way slots, with Chomche joining D.J. Carton and Branden Carlson. The club also has 15 players on guaranteed standard contracts. It’s unclear if the Raptors plan on making any more roster changes in the coming days, weeks, or months, or if this is essentially the group they’ll take into training camp (with camp invitees to fill out the 21-man squad).

Atlantic Rumors: Trent, Quickley, Knicks, Kessler, Bertans, Celtics

July 9th, 2024 at 10:25am CST by Luke Adams

Although the Raptors haven’t entirely closed the door on the possibility of bringing back free agent wing Gary Trent Jr., his return appears increasingly unlikely based on how the team’s offseason has played out, says Josh Lewenberg of TSN.ca.

As Lewenberg observes, Toronto sacrificed much of its cap flexibility by taking on salary in a trade with the Kings and exercising Bruce Brown‘s team option. The club also added a wing in the first round of the draft, selecting Ja’Kobe Walter with the 19th overall pick. The 15-man roster is now full, with little breathing room below the luxury tax line.

When the Raptors’ negotiating window with Trent opened last month, they were willing to offer him an annual salary in the neighborhood of $15MM, a source tells Lewenberg, but the swingman’s camp was seeking a raise on last year’s $18.5MM salary, possibly up to $25MM or so.

Toronto wasn’t prepared to meet that price, and it doesn’t look like there are any rival suitors who will go that high either. One league insider tells TSN that Trent would be lucky at this point to receive the full mid-level exception (worth about $12.9MM). The Raptors no longer have on offer on the table for the 25-year-old, according to Lewenberg.

Here’s more from around the Atlantic:

The Jazz and Spurs, among other teams, had “real” interest in restricted free agent guard Immanuel Quickley before he agreed to sign a five-year, $175MM contract with the Raptors, Lewenberg writes, which is one reason why that deal came in higher than expected. Quickley’s new deal will be worth a flat $35MM across all five seasons, Lewenberg adds, so it’ll start at just under 25% of the salary cap in 2024/25 but that percentage will drop each year as the cap increases.
Echoing previous reporting, Ian Begley of SNY.tv (Twitter video link) confirms that the Knicks have inquired on Walker Kessler, but says he’d be surprised if New York makes a deal for the third-year center, given the Jazz‘s asking price, which includes “at least” a first-round pick.
The Knicks are among the teams that have expressed some level of interest in free agent sharpshooter Davis Bertans, sources tell Michael Scotto of HoopsHype (Twitter link).
After the Celtics officially re-signed centers Xavier Tillman, Luke Kornet, and Neemias Queta, director of player personnel Austin Ainge said he’s “extremely grateful” to have all those players back and suggested that one or more of them could have landed more lucrative deals elsewhere. “We had some guys turn down more money other places to come back,” Ainge said, according to Brian Robb of MassLive.com. “It feels really good that guys we care about a lot to come back and go for another run.”

Atlantic Notes: Martin, Sixers, Embiid, Vezenkov, Celtics

July 8th, 2024 at 2:59pm CST by Luke Adams

In order to maximize their cap room, the Sixers renounced the rights to nearly all of their free agents, including a handful of players who hadn’t actually been on the roster for years, per Keith Smith of Spotrac (Twitter links). However, there was one notable exception: KJ Martin‘s cap hold remains on the team’s books.

Martin’s cap hold is worth the veteran’s minimum of $2,087,519, but Philadelphia holds his full Bird rights, allowing the team to go over the cap to re-sign him to a contract worth any salary up to the maximum.

Of course, Martin won’t get the max, but it could be in the 76ers’ best interests to re-sign him to a deal worth more than the minimum. Besides potentially vying for rotation minutes, Martin might come in handy as a trade chip on a roster where so many players will be earning either maximum- or minimum-salary contracts.

Here’s more from around the Atlantic:

A year after James Harden‘s trade demand hung over the Sixers‘ offseason like a dark cloud, there’s more optimism this summer in Philadelphia about the new-look roster, headed by Joel Embiid, Paul George, and Tyrese Maxey. Speaking to Tim Bontemps of ESPN, Embiid cautioned that the team still needs to make it work on the court, but admitted he’s excited about how the new big three looks. “On paper, and as far as the fit, it looks fantastic because you got both guys that can play off the ball, and they can play on ball and they’re great shooters and they can handle the ball, and then you also got me,” he said with a smile.“So, yeah, it looks great.”
Addressing the Sasha Vezenkov situation on Monday, Raptors president Masai Ujiri said he has had discussions with Vezenkov, his representatives, GM Bobby Webster, and head coach Darko Rajakovic about the matter. As Keith Smith of Spotrac details in depth, Vezenkov has reportedly reached a deal with Olympiacos but remains under contract with Toronto on a guaranteed NBA contract, preventing him from returning to Greece without the Raptors’ cooperation. “I think that should develop in the next few days or we’ll see whether it’s a few months,” Ujiri said. “We acquired a player in a trade and we feel we have communicated well. We communicated well with the agent and the team before. And so we’ll see how that goes.”
Taking a closer look at the Celtics‘ decision to put majority control of the franchise up for sale, Dan Shaughnessy of The Boston Globe says he believe H. Irving Grousbeck is ‘the one driving this sale” and that his son Wyc Grousbeck – the team’s governor and CEO – actually owns a “relatively small stake” in the team.

Raptors Re-Sign Immanuel Quickley To Five-Year Deal

July 8th, 2024 at 9:04am CST by Luke Adams

JULY 8: The Raptors have announced the new contract with Quickley (Twitter link).

“Immanuel embodies so many things that are important to our team,” team president Masai Ujiri said. “… He wants to win and he will be a Raptor for years to come. We are very high on I.Q. – our point guard of the future.”

JUNE 28: Immanuel Quickley, a restricted free agent this offseason, intends to re-sign with the Raptors, according to Shams Charania of The Athletic, who reports (via Twitter) that the guard will receive a five-year contract worth $175MM.

Quickley, the Sixth Man of the Year runner-up in 2022/23, was the centerpiece of the Raptors’ return in the OG Anunoby trade with the Knicks in December, arriving in Toronto midway through the season along with RJ Barrett.

The fourth-year guard averaged 18.6 points, 6.8 assists, and 4.8 rebounds per game with a .395 3PT% in his first 38 games as a Raptor, establishing himself as part of the team’s long-term future.

As we wrote when we ranked Quickley seventh in our list of this summer’s top 50 free agents, Tyler Herro (four years, $120MM, plus incentives), Jordan Poole (four years, $123MM, plus incentives), and Devin Vassell (five years, $135MM, plus incentives) were expected to be a few points of comparison for the guard’s contract negotiations this summer.

While it remains to be seen if Quickley’s $175MM will be fully guaranteed, the 25-year-old appears poised to land a bigger payday than any of those players by securing an annual average value of $35MM per year.

It’s the second major financial commitment the Raptors will make to a cornerstone piece this summer. The team also reportedly intends to sign Scottie Barnes to a five-year rookie scale extension that will begin in 2025/26 and will be worth a projected $225MM.

Neither deal can become official until July, and Toronto may not rush to formally complete Quickley’s deal, since his cap hold is just $12.5MM. If they end up operating under the cap, the Raptors can use up all their room while keeping that hold on their books, then go over the cap using Quickley’s Bird rights to sign him to his new deal.

Quickley is the fifth free agent in the top 10 of our top-50 list to reach an agreement with his team during the new exclusive negotiating window between the end of the NBA Finals and the official start of free agency on June 30. He joins Anunoby, Pascal Siakam, Nic Claxton, and Malik Monk as players who have agreed to remain with their current teams. The other players in our top 10 are Paul George, Tyrese Maxey (who is considered a lock to remain in Philadelphia), LeBron James, DeMar DeRozan, and James Harden.

Scottie Barnes Signs Max Extension With Raptors

July 8th, 2024 at 9:02am CST by Arthur Hill

JULY 8: Barnes’ extension is now official, the Raptors confirmed (via Twitter).

“We are so proud of Scottie for the player and leader he has become,” team president Masai Ujiri said in a press release. “I’ve said before that he is the type of player you build a team around. Well, we are doing that. … Together, our future starts here. It starts now.”

JUNE 24: Scottie Barnes will receive a maximum-salary extension from the Raptors that could pay him up to $270MM over five years, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

The deal won’t include a team or player option, reports Michael Scotto of HoopsHype.

Toronto intends to rebuild its roster around the 2022 Rookie of the Year, according to Wojnarowski, who adds that agent Bill Duffy of WME Basketball recently met with team president Masai Ujiri and general manager Bobby Webster to work out the terms of the deal. Barnes will become eligible to sign it once the moratorium lifts on July 6.

Cap expert Yossi Gozlan (Twitter link) offers details on the projected salaries for Barnes, noting that the base value of the extension projects to be nearly $225MM (based on a $141MM cap in 2024/25 and a 10% increase for ’25/26), but it could reach $270MM if he makes an All-NBA team next season.

[Hoops Rumors Glossary: Derrick Rose Rule]

Without an All-NBA nod next spring, Barnes would be on track to earn $38,775,000 when the extension begins with the 2025/26 season, followed by $41,877,000 in 2026/27, $44,979,000 in 2027/28, $48,081,000 in 2028/29 and $51,183,000 in 2029/30.

Barnes’ extension and an expected new deal for Immanuel Quickley mean the Raptors likely won’t have any cap space to work with next summer, Gozlan adds (Twitter link). They could have about $30MM available this year if they decline their $23MM team option on Bruce Brown or trade him without receiving much salary in return.

Barnes has emerged as Toronto’s franchise player since being drafted with the fourth pick in 2021. He earned his first All-Star selection this season, averaging 19.9 points, 8.2 rebounds and 6.1 assists in 60 games. His season ended early when he underwent surgery for a broken bone in his left hand in early March.

The Raptors seemed to anoint him as the key to their future when they traded away OG Anunoby and Pascal Siakam in separate deals over the winter.

Barnes becomes the first member of the 2021 draft class to reach an extension with his team. Cade Cunningham, Jalen Green, Evan Mobley and Jalen Suggs are among the others in line for extensions this summer.

Contract Details: George, Martin, Wiseman, Isaac, Hield, More

July 8th, 2024 at 6:49am CST by Luke Adams

Following the end of the July moratorium on Saturday, teams wasted no time in officially finalizing many of the contracts they’d agreed to up until that point.

Now that those contracts have been completed, we have the official details on many of them. Here, via several reporters – including Keith Smith of Spotrac, Michael Scotto of HoopsHype, and cap expert Yossi Gozlan – as well as our own sources, are some of those notable details:

Players with trade kickers:

Lakers forward LeBron James (15%), Knicks forward OG Anunoby (15%), Sixers forward Paul George (15%), Sixers forward Caleb Martin (15%), Mavericks sharpshooter Klay Thompson (15%), and Mavericks forward Naji Marshall (5%) received trade kickers on their new free agent deals, while Celtics guard Derrick White (15%) got one on his contract extension.

As an aside, James’ exact starting salary in 2024/25 is $48,728,845, which is $1,258,873 below the maximum he could have earned.

Players who waived their right to veto a trade:

A player who re-signs with his team on a one-year contract (or two-year contract with a second-year option) is typically awarded the right to veto a trade, but has the option to waive that option.

Heat center Thomas Bryant, Rockets guard Aaron Holiday, Raptors wing Garrett Temple, and Magic teammates Gary Harris and Moritz Wagner all surrendered their right to veto a trade in 2024/25 and could be moved freely.

Unlikely incentives:

Nets center Nic Claxton ($97MM base + $3MM incentives), Pacers forward Obi Toppin ($58MM +$2MM), Suns forward Royce O’Neale ($42MM +$2MM), and Sixers forward Martin ($35,040,704 + $5,256,106) are among the players whose contracts include unlikely bonuses that would boost the total guaranteed salary if those incentives are reached.

As cap expert Albert Nahmad observes, the structure of Martin’s contract helped the 76ers maximize their cap room, since his unlikely incentives don’t count toward the cap once he signs.

It wouldn’t surprise me if Martin’s “unlikely” incentives are easier to earn than a typical player’s incentives would be — I don’t expect them to be for making an All-Star team or anything like that. An incentive is considered unlikely for cap purposes if the player wouldn’t have met the criteria the year before. For example, as Nahmad suggests, a bonus related to Martin making 24 or more starts would be considered unlikely because he started 23 games last season. Martin’s bonuses – considered “unlikely” for cap purposes but perhaps “likely” to be earned in reality – could have served as a way to strengthen the Sixers’ offer without sacrificing that extra cap room.

It’s also worth noting that a player’s unlikely incentives can’t exceed 15% of his guaranteed base salary, and Martin’s $5,256,106 in incentives represent exactly 15% of his overall $35,040,704 salary.

Partial or non-guarantees and options:

James Wiseman‘s two-year, minimum-salary contract with the Pacers is guaranteed for $500K in year one, with a team option for 2025/26. That team option would be guaranteed for $569,041 if exercised (ie. the same percentage as his first-year salary).

Luka Garza got a similarly structured two-year, minimum-salary deal with the Timberwolves, except his first year is fully guaranteed prior to his second-year team option. That 2025/26 option would be guaranteed if picked up.

As previously reported, Isaiah Hartenstein‘s three-year, $87MM deal with the Thunder includes a team option for 2026/27. It’s worth $28.5MM, with $58.5MM in guaranteed money across the first two seasons.

Magic teammates Harris ($7.5MM) and Wagner ($11MM) each have second-year team options on their two-year deals.

The Rockets used their full bi-annual exception to give Holiday a two-year deal worth $9,569,400 that includes a second-year team option ($4,901,400).

Neemias Queta‘s three-year, minimum-salary contract with the Celtics is fully guaranteed in year one with a partial guarantee of exactly 50% ($1,174,789 of $2,349,578) in year two, plus a third-year team option for 2026/27. The third-year option ($2,667,944) would be guaranteed for 50% ($1,333,972) if exercised. Since his minimum deal covers more than two years, a team wouldn’t be able to acquire Queta via the minimum salary exception if he’s traded down the road.

Jonathan Isaac‘s new long-term deal with the Magic is partially guaranteed ($8MM of $14MM) in 2026/27, with non-guaranteed salaries of $14.5MM in 2027/28 and $15MM in 2028/29. However, each of those salaries would become fully guaranteed if Isaac plays at least 52 games in the prior season. For instance, if Isaac were to appear in 54 games in 2026/27, his $14.5MM salary for ’27/28 would be fully guaranteed.

Sign-and-trade contracts:

Interestingly, Kyle Anderson‘s and Buddy Hield‘s new contracts with the Warriors have the exact same salaries for the first three seasons: $8,780,488, $9,219,512, and $9,658,536. Anderson’s three-year deal is fully guaranteed for the first two years and non-guaranteed in year three.

As for Hield, his four-year contract is fully guaranteed for the first two years, with a partial guarantee of $3MM for year three. His fourth year is a $10,097,560 player option that would be partially guaranteed for $3,136,364 if exercised.

Klay Thompson’s three-year contract with the Mavericks comes in at exactly $50MM, as reported — it starts at $15,873,016 and features 5% annual raises.

Jonas Valanciunas‘ three-year contract with the Wizards is worth $30,295,000 in total, beginning at $9.9MM (which is the amount of the trade exception generated for the Pelicans). It’s fully guaranteed for the first two seasons and non-guaranteed in year three.

Cody Zeller got a three-year, $11,025,000 deal in the sign-and-trade that sent him from New Orleans to the Hawks. The first year is guaranteed for $3.5MM, with two non-guaranteed seasons after that.

Finally, as part of the Mikal Bridges trade, new Nets guard Shake Milton got a three-year, $9,162,405 contract that has a guaranteed first-year salary of $2,875,000, with two non-guaranteed years after that ($3MM in 2025/26 and $3,287,406 in ’26/27). His teammate Mamadi Diakite, who was also sent to Brooklyn in the trade, had his $2,273,252 salary partially guaranteed for $1,392,150.

Milton’s $2,875,000 salary, Diakite’s $1,392,150 partial guarantee, and Bojan Bogdanovic‘s $19,032,850 salary add up to $23.3MM, which is equivalent to Bridges’ salary — the exact amount of outgoing salary the Knicks needed to send to avoid being hard-capped at the first tax apron.

Pistons, Wolves, Grizzlies, Raptors Complete Four-Team Deal

July 6th, 2024 at 4:28pm CST by Luke Adams

The Pistons, Timberwolves, Grizzlies, and Raptors have folded a series of separate trade agreements into a single four-team trade, which is now official, the Wolves announced today in a press release.

The Pistons and Timberwolves initially agreed to a deal sending Minnesota’s Wendell Moore to Detroit in exchange for a second-round pick swap, with the Pistons moving up from No. 53 to No. 37.

The Wolves subsequently traded the No. 53 pick to Memphis in exchange for No. 57 and a future second-rounder. Then Minnesota traded No. 57 to Toronto for a reported $1MM in cash.

The end result is as follows:

Pistons acquire Moore and the draft rights to Bobi Klintman (No. 37 pick).
Timberwolves acquire a future second-round pick (from Grizzlies) and cash ($1MM; from Raptors).
Grizzlies acquire the draft rights to Cam Spencer (No. 53 pick).
Raptors acquire the draft rights to Ulrich Chomche (No. 57 pick).

The Pistons are taking a chance on an inexpensive former first-rounder in Moore ($2.54MM salary in 2024/25) while having moved up in the second round to select a prospect higher on their draft board; the Wolves, who are operating over the second apron, save some money while having swapped out their No. 37 pick for a future second-rounder; and the Grizzlies and Raptors gave up minor assets to trade into the back end of the second round of the draft.

The one missing detail is here is which future second-round pick the Grizzlies are sending Minnesota. We’ll update our tracker of 2024 offseason trades with that information once it’s reported.

Raptors Re-Sign Garrett Temple

July 5th, 2024 at 2:57pm CST by Luke Adams

July 5: Temple’s minimum-salary contract is official, according to the transactions log at NBA.com.

July 1: Veteran swingman Garrett Temple is returning to the Raptors for the 2024/25 season, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that it’ll be a one-year deal for Temple.

While Wojnarowski’s report doesn’t provide any additional details on the agreement, it would be surprising if Temple signs for a salary higher than the veteran’s minimum.

Temple, 38, played for 11 teams across 13 NBA seasons before joining Toronto as a free agent last summer. He played sparingly for the Raptors, averaging 3.3 points, 1.7 rebounds, and 1.0 assists in 10.7 minutes per game across 27 appearances.

While Temple’s on-court contributions were modest, he was an “important voice in the locker room” for the young Raptors, says Josh Lewenberg of TSN.ca (Twitter links). With the club seemingly prepared to get even younger after drafting four prospects last week, Temple’s role behind the scenes will be “essential,” Lewenberg adds.

Over the course of his 14-year NBA career, Temple has averaged 6.1 PPG, 2.3 RPG, and 1.7 APG in 743 regular season games. He serves as a vice president on the National Basketball Players Association.

Eastern Notes: LaVine, Maxey, Vezenkov, Knicks, Prince

July 4th, 2024 at 11:00pm CST by Luke Adams

As the Bulls continue to explore the trade market for a possible Zach LaVine deal, agent Rich Paul wants it known that his client is handling the situation professionally and isn’t agitating for a move or taking issue with the team’s actions, writes K.C. Johnson of NBC Sports Chicago.

“I want to make this clean and clear: This whole idea that Zach has been anything but professional in this situation is false,” Paul told Johnson over the phone. “This guy has played hurt. He has represented the franchise with class. A lot has taken place during his time with the Bulls and he’s taken the high road every time. Does every player get frustrated at times? Yes. But Zach has been the ultimate professional and deserves better. The Bulls have business to do. And we’re letting them handle their business.”

LaVine’s trade value is at an all-time low, primarily due to his contract — the three years and $138MM left on his deal look especially onerous in the NBA’s tax apron era. He’s also coming off foot surgery that ended his season in January, but Johnson reports that LaVine is healthy and going through his typical offseason routine after having beaten the estimated recovery timeline of four-to-six months following his procedure.

The Bulls have presented “upwards of 15” LaVine trade proposals to various teams this offseason, according to Johnson, who hears that the Kings and Golden State have shown the most interest in the two-time All-Star. However, the Warriors‘ imminent additions of De’Anthony Melton, Buddy Hield, and Kyle Anderson probably signal that they’re going in a different direction, Johnson acknowledges.

Here’s more from around the Eastern Conference:

Speaking to Gina Mizell of The Philadelphia Inquirer, Sixers guard Tyrese Maxey said management is “doing a good job so far” in free agency adding players who will help the team win, adding that he was happy his willingness to wait a year for his own long-term contract helped Philadelphia open up enough cap room to land Paul George. “When we talked about it last year, it’s a trust thing,” Maxey said. “I trusted (the front office), and I feel like it worked out for us so far. It’s a cool deal. I wasn’t too worried about it.”
Rumors about a possible return to Europe continue to swirl around Sasha Vezenkov. According to Michalis Stefanou of Eurohoops, Vezenkov and his former EuroLeague team Olympiacos have agreed in principle on a lucrative long-term deal, but the 28-year-old forward remains under contract with the Raptors (with a $6.66MM cap hit in 2024/25), so his return to Greece would likely be contingent on negotiating a buyout with Toronto. Recent reporting indicated the Raptors expect Vezenkov to be with them in camp in the fall.
Ever since they agreed to an early version of the Mikal Bridges trade last week, the Knicks sought to expand it, making it clear to the Nets that they’d eventually circle back with more details, writes Fred Katz of The Athletic. Now that New York has amended the Bridges deal to ensure its hard cap is at the second apron instead of the first apron, Katz explores what’s next for the team, suggesting that re-signing Precious Achiuwa and adding another player using the taxpayer mid-level exception should be doable, assuming Achiuwa’s price is modest enough.
Following up on news that the Bucks have agreed to sign Taurean Prince, Eric Nehm of The Athletic considers what the veteran forward will bring to Milwaukee, opining that Prince looks like a good fit for the roster and should see regular minutes next season.

Raptors Announce Several Signings, Including First-Rounder Walter

July 4th, 2024 at 2:36pm CST by Luke Adams

The Raptors have announced a series of signings, confirming in a pair of press releases that they’ve signed second-round picks Jonathan Mogbo and Jamal Shead to standard contracts and undrafted free agent Branden Carlson to a two-way deal. Those agreements were all previously reported.

The team also announced that it has signed first-round pick Ja’Kobe Walter to his rookie scale contract.

The 6’5″ Walter was one of the top recruits in the nation heading into college. He made an immediate impact with the Bears as a freshman in 2023/24, starting all 35 games he played and averaging 14.5 points, 4.4 rebounds and 1.4 assists while shooting 37.6% from the field and 34.1% from three-point range. He was named Big 12 Freshman of the Year and earned third-team all-conference honors.

As the No. 19 pick in the draft, Walter figures to earn about $3.47MM salary as a rookie and $16.79MM across the entirety of his four-year contract. Those numbers assume he signed for 120% of the rookie scale amount, which almost every player does.

With Walter, Mogbo, and Shead all signed, the Raptors are up to 13 players on guaranteed standard contracts, with Immanuel Quickley and Garrett Temple expected to fill the 14th and 15th roster spots once their deals are official.

The team’s other draftee, No. 57 pick Ulrich Chomche, is considered likely to end up on a two-way deal, tweets Josh Lewenberg of TSN.ca. However, the team is still waiting to officially acquire Chomche and can’t complete that signing yet.