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Eastern Contract Details: Lowry, Birch, Heat, Dinwiddie, Niang, More

August 8th, 2021 at 4:30pm CST by Luke Adams

Kyle Lowry‘s new three-year, $85MM contract with the Heat is a standard increasing deal, starting at about $26.98MM and rising annually by 5%, tweets Keith Smith of Spotrac.

Based on Lowry’s 2021/22 salary, we now know the value of the traded player exception the Raptors created in their sign-and-trade deal with the Heat, tweets Blake Murphy of The Athletic. That TPE will be worth $4,832,848, which is the difference between Lowry’s new salary and the combined cap hits of Goran Dragic and Precious Achiuwa.

Murphy also confirms that Khem Birch‘s three-year, $20MM deal with the Raptors is a standard increasing contract with no options or partial guarantees — it eats up about $6.35MM of Toronto’s mid-level exception, leaving $3.187MM on that MLE.

Here are more contract details from around the East, courtesy of Smith:

As expected, the new deals for Max Strus, Omer Yurtseven, and Gabe Vincent with the Heat are each two-year, minimum-salary contracts with one year guaranteed and the second year non-guaranteed (Twitter link). P.J. Tucker, meanwhile, got a two-year, $14.35MM contract that uses $7MM of Miami’s mid-level exception in year one. Tucker’s second year is a player option (Twitter link).
Spencer Dinwiddie‘s three-year contract with the Wizards only has a base value of $54MM, rather than the previously-reported total of $60MM+ (Twitter link). The deal, which features unlikely incentives that could push its value higher, has a partial guarantee worth $10MM (of $18.86MM) in year three.
Georges Niang‘s deal with the Sixers came in at $6.765MM over two years, both of which are fully guaranteed (Twitter link).
Trae Young‘s five-year, maximum-salary extension with the Hawks includes a 15% trade kicker (Twitter link).
The numbers are also in for the finalized deals between Jarrett Allen and the Cavaliers (Twitter link), Bobby Portis and the Bucks (Twitter link), George Hill and the Bucks (Twitter link), and Danny Green and the Sixers (Twitter link), with no surprises among that group. As expected, Green’s second year is non-guaranteed and Portis has a second-year player option, while Allen and Hill have fully guaranteed salaries.

Heat Notes: Lowry, Offseason, Yurtseven, Investigation

August 8th, 2021 at 2:50pm CST by Alex Kirschenbaum

New starting Heat point guard Kyle Lowry discussed his expectations for this offseason’s revamped Miami club with media on Friday and Saturday, as Couper Moorhead of Heat.com details.

“On paper it looks great,” Lowry, a 2019 title winner with the Raptors, said of Miami’s new-look roster. “But you have to put the work in on the floor. I don’t ever try to say we can do this, we can do that. At the end of the day you have to go out there, lace ‘em up and do your job. Play defense, put the ball in the hole.”

Miami’s sign-and-trade deal with the Raptors that sent Lowry to the Heat is currently being investigated by the NBA, as the league is cracking down on violations to its anti-tampering stance on free agency.

There’s more out of South Beach:

In his latest notes roundup, Ira Winderman of the South Florida Sun Sentinel discusses the re-signing of Victor Oladipo, plus the departures of Kendrick Nunn (after the team made him an unrestricted free agent) and Andre Iguodala (after the Heat did not pick up the second year of his contract). Winderman notes that Oladipo, Lowry, and new Heat power forward P.J. Tucker were all potential trade targets for Miami during the 2020/21 season, though Miami was unwilling to part with young players Tyler Herro and Duncan Robinson. Winderman adds that Miami’s decision to move on from Nunn speaks to the team’s preference for Herro, regarded as having higher upside.
Now that the Heat have inked a two-year minimum deal with center Omer Yurtseven, Ira Winderman of the South Florida Sun Sentinel examines the seven-footer’s fit as with a Miami team hungry to contend. After Yurtseven’s promising NBAGL 2020/21 season for the Oklahoma City Blue, Miami signed him for the rest of the year. He posted encouraging averages of 26 PPG and 13.5 RPG in two California Classic Summer League this year, and ultimately opted to return to Miami.
Anthony Chiang of the Miami Herald has further details on the NBA’s investigation into the Heat’s Lowry sign-and-trade with the Raptors. Chiang writes that the investigation is most likely being conducted as a result of at least one other NBA team complaining about the expediency of the deal, while Winderman tweets that it’s more about “gun-jumping” than tampering.
Within Chiang’s story, Bobby Marks of ESPN said the sign-and-trade for Lowry almost certainly won’t be voided. “I would say highly, highly unlikely that the trade will be voided and that Kyle is a free agent all of a sudden,” Marks said. “I think what will happen is if they’re found guilty, there will be some financial penalty and draft picks will be lost here.” Marks anticipates the investigation could last for around two weeks.

Scottie Barnes Signs Rookie Contract With Raptors

August 8th, 2021 at 10:47am CST by Arthur Hill

The Raptors have signed Scottie Barnes to his first NBA contract, tweets Josh Lewenberg of TSN Sports.

The Florida State forward was something of a surprise pick at No. 4, but Toronto was attracted to his potential to be a difference-maker on defense. He was named ACC Freshman of the Year and Sixth Man of the Year during his lone season with the Seminoles, averaging 10.3 points, 4.0 rebounds, 4.1 assists and 1.5 steals per game.

Assuming he gets 120% of the rookie scale, Barnes will make $7.28MM during his first season. His contract could be worth up to $33MM over four years.

Barnes will play his first Summer League game later today, Lewenberg adds.

NBA Investigating Lowry, Ball Sign-And-Trades For Possible Tampering

August 7th, 2021 at 1:13pm CST by Luke Adams

The NBA has launched investigations into two of the sign-and-trade deals that were agreed upon early in free agency, according to ESPN’s Adrian Wojnarowski and Ramona Shelburne.

Those two deals are the one that sent Kyle Lowry from the Raptors to the Heat – which was officially announced on Friday – and the one sending Lonzo Ball from the Pelicans to the Bulls, which hasn’t been officially completed yet. The NBA is set to investigate possible violations of its tampering policy.

According to Wojnarowski and Shelburne, the league is expected to look into any contact that may have occurred prior to the opening of the free agency negotiating period on Monday at 5:00pm CT. Both agreements were reported within minutes after the negotiating period began.

It’s an open secret that teams and agents begin free agent discussions before the negotiating period officially starts, but the NBA generally frowns on any deals that blatantly violate those rules. Sign-and-trades receive even more scrutiny since they’re more complex and typically require more time to complete than a typical free agent negotiation, Wojnarowski and Shelburne note.

Last year, for instance, an alleged sign-and-trade agreement involving the Bucks, Kings, and Bogdan Bogdanovic was reported several days before free agency officially began. The league ended up taking away Milwaukee’s 2022 second-round pick after investigating that situation, while Bogdanovic – who claimed he never agreed to terms with the Bucks – landed in Atlanta instead.

We’ll see what the investigation into the Lowry and Ball sign-and-trades turns up this year. It’s unlikely that the league would nix either deal, but fines and/or draft-pick penalties don’t seem out of the question, given the manner in which the deals were publicly reported.

One Monday report outlined the specifics of the Lowry sign-and-trade to the Heat nearly three hours before free agency began, though there was some uncertainty for much of the week about whether the deal would involve more pieces than just Goran Dragic and Precious Achiuwa. Lowry’s commitment to Miami was confirmed just minutes into free agency and his agency announced his destination shortly thereafter.

Ball’s deal with the Bulls was reported literally the minute the negotiating window opened, with the full terms of the trade agreement – including another sign-and-trade involving Garrett Temple – surfacing just seven minutes later.

As Wojnarowski notes (via Twitter), the NBA adopted new anti-tampering measures two years ago, giving the league the power to fine teams for up to $10MM, suspend executives, take away draft picks, or even void deals altogether if proof of tampering is found.

The Bucks’ second-round pick forfeiture is the most significant penalty we’ve seen since then. However, as Wojnarowski and Shelburne point out, the NBA’s decision in that case took into consideration that Bogdanovic didn’t end up signing with Milwaukee, so the league could come down a little harder on Miami and/or Chicago.

And-Ones: Smith, Biyombo, Spurs, Hall, Almansa, Trade Market

August 7th, 2021 at 10:45am CST by Dana Gauruder

The Pistons officially renounced their rights to Wayne Ellington, who has signed with the Lakers, and Dennis Smith Jr., according to the RealGM transactions log. The Hornets renounced four players, including Bismack Biyombo, while the Spurs renounced their rights to a whopping 13 players. San Antonio’s list includes Donatas Motiejunas and David Lee, who haven’t appeared in an NBA game for years. Renouncing those rights allows teams to maximize their cap room in free agency.

We have more from the basketball world:

Donta Hall has signed with France’s Betclic Elite side AS Monaco, Sportando relays. Hall, who turns 24 on Saturday, played 13 games with the Magic this past season on two 10-day contracts and an end-of-the-season deal via the hardship exception. The power forward also played a total of nine games for the Pistons and Nets in 2019/20.
Overtime Elite has added another top European prospect. Izan Almansa has signed with the league, Jonathan Givony of ESPN tweets. The 6’9” Almansa, a 16-year old Spanish power forward, is the second player OTE has signed from Real Madrid’s youth program and seventh international prospect.
While free agency is winding down, the trade market could continue to percolate in the coming weeks, John Hollinger of The Athletic writes. Ben Simmons and Damian Lillard top the list of stars who could be on the move, while the Raptors and Magic are teams to watch, with the latter possibly taking on an onerous contract in order to acquire future assets.
The ESPN duo of Tim Bontemps and Bobby Marks also take a look at unresolved storylines this month involving free agency, the trade market and potential extensions.

Aron Baynes Could Miss Next Season

August 7th, 2021 at 10:00am CST by Dana Gauruder

Free agent center Aron Baynes could miss next season due to a neck injury, Shams Charania of The Athletic tweets.

Baynes, who played for the Raptors last season, has severe nerve damage in his neck and is currently in the hospital, says Charania. Baynes, a member of the Australian national team that took the bronze medal at the Olympics, initially injured his neck in a victory over Italy. He suffered a more significant injury slipping in the team bathroom.

The Raptors waived Baynes on Wednesday before his $7.35MM salary for 2021/22 would’ve become fully guaranteed.

Baynes signed a two-year contract with the Raptors during the 2020 offseason after enjoying a career year in Phoenix. He averaged 6.1 PPG and 5.2 RPG in 53 games (18.5 MPG) with Toronto and his shooting percentages (.441/.262/.707) were significantly below his career rates.

However, Baynes was expected to attract interest in the open market from teams looking to add to their frontcourt depth.

Raptors Notes: Lowry, Achiuwa, Dragic, Birch, TPE, Ujiri

August 7th, 2021 at 8:12am CST by Luke Adams

There was some speculation leading up to free agency that Toronto would make an effort to re-sign veteran point guard Kyle Lowry, but comments made on Friday by the six-time All-Star and by Raptors general manager Bobby Webster suggested both sides felt the time was right to move on, writes Josh Lewenberg of TSN.ca.

“I think the direction Toronto is going in is they want to give the opportunities to (Fred VanVleet), Pascal (Siakam), OG (Anunoby), a couple young guys, the young draft picks they have,” Lowry told reporters. “They have some great core pieces. They’re in great hands and great shape. It was a situation for me where it was an opportunity to do something different… It’s time to turn the page in the book.”

Webster conveyed a similar sentiment: “You probably could see (during the 2020/21 second half) the direction the team was going in, and jumping up in the draft to get the fourth pick, philosophically, I think going young became kind of a more desirable path.”

Once they recognized Lowry would be moving on, the Raptors could’ve decided to let him walk in order to open up cap room to pursue a free agent. However, that path offered less certainty, especially if the team made an offer sheet to a restricted free agent (such as Jarrett Allen) not knowing whether it would be matched. The Raptors preferred to acquire Goran Dragic and Precious Achiuwa via a sign-and-trade with the Heat, Lewenberg writes.

“Precious is a huge part of this deal for us,” Webster said. “We really liked him last year in the draft so I think that was a huge get in the sense of a young player that we like and fits.”

Here’s more on the Raptors:

Throughout the week, there were rumors that Toronto may try to flip Dragic to a third team after acquiring him via sign-and-trade. Webster said on Friday that’s not Plan A. “Obviously, if we got an offer that was too good to refuse we’d listen but ultimately we want Goran here,” the Raptors’ GM said, per Lewenberg. “He’s happy to be here, obviously he’s been able to carve out a very nice career for himself. Talking to (team president) Masai (Ujiri), talking to everyone here, we’ve watched him a ton and I know a lot of people have seen him kill us. As a basketball player, as a vet, he provides a lot of value to us.”
After his new three-year deal with the Raptors was formally announced on Friday, Canadian center Khem Birch told reporters he was focused throughout free agency on returning to the team, as Doug Smith of The Toronto Star writes. “It feels like a dream come true,” Birch said. “It’s so surreal right now … just one of those free agencies where I knew where I wanted to go. I don’t even know what other teams were interested in me. I just wanted to come here regardless of the price or the years or anything. I just knew this was a great fit. I’m just happy I’m here.”
The Raptors will generate a traded player exception as a result of the Kyle Lowry sign-and-trade to Miami. It’ll be worth somewhere between $4.8MM and $7.7MM, depending on the specific structure of Lowry’s new contract, writes Blake Murphy of The Athletic.
Speaking to Jared Weiss of The Athletic, Raptors chairman Larry Tanenbaum confirmed that Masai Ujiri‘s new vice chairman title won’t give him an ownership stake in the franchise, but said it reflects his standing in the organization. “I chair the Raptors, but it’s just a recognition that we’re really working together,” Tanenbaum said. “We’re partners.”
Tanenbaum added in the same interview that the team’s plan is to have Lowry retire as a Raptor down the road and to retire his number. “He will retire as a Raptor and his number will absolutely go up there,” Tanenbaum said. “The honor will be the first one (for the Raptors) and I love Kyle.”

Heat, Raptors Finalize Kyle Lowry Sign-And-Trade

August 6th, 2021 at 5:05pm CST by Luke Adams

The Heat have officially acquired point guard Kyle Lowry from the Raptors via sign-and-trade, Miami announced today in a press release. Toronto received point guard Goran Dragic and big man Precious Achiuwa in the deal.

Lowry was one of the first free agents to make a commitment when the negotiation period opened on Monday evening, but it took all week for the details of the sign-and-trade to be confirmed. Dragic and Achiuwa were always believed to be part of the deal, but there were rumors that Dragic would be flipped to a third team or that the Raptors would receive additional pieces. Ultimately, it’s just a two-for-one swap.

Lowry’s new, fully guaranteed contract with the Heat was initially reported to be worth $90MM over three years, but it’ll actually come in at $85MM, per Shams Charania of The Athletic (Twitter link). Miami would’ve needed to include more salary in addition to Dragic and Achiuwa for matching purposes in order to accommodate that $90MM figure, notes Blake Murphy of The Athletic (Twitter link).

The Heat, who have been after Lowry since at least the trade deadline in March, will unite the six-time All-Star with his close friend Jimmy Butler, who has agreed to sign a lucrative new contract extension of his own with Miami.

While a guaranteed three-year, $85MM investment is a risk for a player who is entering his age-35 season, Lowry has championship experience and is an ideal fit on virtually any roster due to his ability to handle the ball, knock down outside shots, and provide strong defense. He averaged 17.2 PPG, 7.3 APG, and 5.3 RPG on .436/.396/.875 in 46 games (34.8 MPG) in his final season as a Raptor.

“Kyle Lowry is a great leader and an exceptional defender,” Heat president Pat Riley said in a statement. “As a point guard, he will bring important skills to run the offense, score the ball and defend with the very best.”

The Raptors, meanwhile, still could theoretically flip Dragic to another team in the coming days, weeks, or months. However, Marc Stein reported earlier today that Toronto has “resisted external interest” in the Slovenian guard from the Mavericks and other teams.

Barring further trades, Dragic will join the Raptors’ backcourt alongside Fred VanVleet, Malachi Flynn, and Gary Trent Jr., while Achiuwa will battle for minutes in a frontcourt rotation that includes Khem Birch and Chris Boucher.

Examining Masai Ujiri's New Deal, Title With Raptors

August 6th, 2021 at 12:52pm CST by JD Shaw

Michael Grange of Sportsnet examines Masai Ujiri‘s new deal and title with the Raptors, noting that Ujiri’s new “vice chairman” position won’t give him a stake in team ownership.

Raptors Re-Sign Khem Birch To Three-Year Contract

August 5th, 2021 at 6:32pm CST by Dana Gauruder

AUGUST 6: The Raptors have made it official with Birch, formally issuing a press release to confirm his new deal.

AUGUST 5: The Raptors have reached a three-year contract agreement with one of their own free agents, center Khem Birch, Adrian Wojnarowski of ESPN tweets.

The deal will be worth $20MM. Toronto only held Non-Bird rights on Birch, so it will likely use part of its mid-level exception to re-sign Birch. It’s also conceivable that the Raptors could open up sufficient cap room to make it happen, but if they take back Goran Dragic or another high-salary player in the Kyle Lowry sign-and-trade with Miami, they’ll need to use the mid-level.

Birch joined the Raptors in April after the rebuilding Magic bought him out. He started 17 of 19 regular-season appearances with the Raptors, averaging 11.9 PPG, 7.6 RPG and 1.2 BPG in 30.4 MPG. The 28-year-old Birch played his first three-and-a-half NBA seasons with Orlando but was mainly used off the bench.

The Raptors waived Aron Baynes on Wednesday, so Birch could compete with Chris Boucher for a starting role with the club.