Toronto Raptors Rumors | Hoops Rumors

Contract Details: Kennard, Fernando, Graham, Allen

August 5th, 2024 at 2:14pm CST by Luke Adams

Luke Kennard‘s new one-year contract with the Grizzlies, originally reported to be worth $11MM, actually has a base salary of just $9.25MM, Hoops Rumors has learned. Kennard can also earn an additional $1,387,500 in unlikely incentives, so his deal can max out at $10,637,500.

That disparity between the reported terms and the actual terms is important, given Memphis’ proximity to the luxury tax line. An $11MM cap hit would have put the Grizzlies over the luxury tax line by about $1MM, but because Kennard counts for just $9.25MM against the cap, the team’s salary is hovering right around $170MM, a little below the tax line ($170,814,000).

Kennard, Desmond Bane, and Brandon Clarke have unlikely contract incentives that could make Memphis a taxpayer if they’re earned. Given how close they are to the luxury tax line, I’d expect the Grizzlies to keep a close eye on each player’s progress toward his respective bonuses and make a minor cost-cutting move by February’s trade deadline if necessary — finishing the season just slightly above that tax threshold would cost the team a significant end-of-season payout that’s only available to non-taxpayers.

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

Bruno Fernando signed a one-year, minimum-salary deal with the Raptors. It’s non-guaranteed for the time being, but Fernando’s full $2,425,403 salary (and $2,087,519 cap hit) would become guaranteed if he remains under contract beyond the first day of the regular season, Hoops Rumors has learned.
Devonte’ Graham‘s one-year, non-guaranteed training camp contract with the Trail Blazers includes Exhibit 9 language, but not Exhibit 10 language, Hoops Rumors has learned. That suggests Graham probably isn’t planning to join the Rip City Remix (Portland’s G League team) as an affiliate player if he’s waived by the Blazers this fall.
Jarrett Allen‘s three-year, $90.72MM extension with the Cavaliers is a straightforward, fully guaranteed contract with no options on the final year and no trade kicker, Hoops Rumors has confirmed.

Raptors Sign Bruno Fernando

August 2nd, 2024 at 9:30pm CST by Luke Adams

9:30pm: The Raptors have officially signed Fernando, according to NBA.com’s transaction log.

7:11am: The Raptors have agreed to terms on a contract with free agent big man Bruno Fernando, a source tells Blake Murphy of Sportsnet.ca (Twitter link).

According to Murphy, it’ll be a non-guaranteed deal that will give Fernando a chance to compete for a spot on Toronto’s 15-man regular season roster. He would assure himself of some guaranteed money by making the team.

The contract won’t include Exhibit 10 language, Murphy adds, so Fernando wouldn’t be ticketed for the Raptors 905 in the G League if he’s waived before the season.

A five-year veteran who was a second-round pick in 2019, Fernando began his NBA career with the Hawks before being traded to Boston in August 2021 and then to Houston in February 2022. He was dealt back to Atlanta in February 2023.

After playing eight games for the Hawks down the stretch of the 2022/23 season, Fernando didn’t play much at all in the first half of ’23/24, appearing in just 13 of Atlanta’s first 49 games for an average of 6.5 minutes per contest. However, he was thrust into a larger role in the second half due to a series of frontcourt injuries, averaging 7.6 PPG and 5.2 RPG while shooting 59.4% from the floor and 70.1% from the line over his final 32 games (18.7 MPG).

Fernando, who will turn 26 later this month, was waived by Atlanta earlier this week before his $2.7MM salary for 2024/25 could become guaranteed.

The Raptors are currently carrying 14 players on guaranteed standard contracts, plus Jamison Battle on an Exhibit 10 contract. Once Fernando’s deal is official, the club will have 19 players under contract, including its three on two-way deals.

It wouldn’t be surprising to see Toronto bring in another veteran or two besides Fernando to compete for that 15th regular season roster spot.

Eastern Notes: Randle, Pistons, Raptors’ Camp, Ware

July 31st, 2024 at 5:40pm CST by Dana Gauruder

The Knicks re-signed Precious Achiuwa to a one-year deal on Tuesday. The next order of business for the front office could be a contract extension for Julius Randle, but neither side is in a rush to get it done, according to Ian Begley of SNY TV (Twitter video link).

“I don’t believe it’s at the forefront for either party, so it would take a major shift in thinking on both sides to get an extension done,” Begley said.

Randle becomes extension-eligible on Saturday. The veteran forward, who is coming off shoulder surgery, will be eligible for an extension of up to four years and $181.5MM. Randle has two years left on his current contract, which includes a $30.9MM option for the 2025/26 season.

We have more from the Eastern Conference:

The Pistons’ offense should improve significantly during the upcoming season with the additions of Tobias Harris, Tim Hardaway Jr. and Malik Beasley. However, they won’t make any real progress unless they show dramatic improvement defensively, James Edwards III of The Athletic writes. New coach J.B. Bickerstaff asserted that defensive development will be a high priority. “Most of the time, people only care about the offensive development, right? They spend all their time working on step-back shots, between-the-legs and all that, but they don’t spend any time working on rotations or being in the proper spots. That is something we’re going to really, really handle,” he said recently.
The Raptors will hold their first week of training camp in Montreal, according to a team press release. It’s the first time in franchise history they’ve trained in the city. They’ll wrap up their week in Montreal with a preseason opener against the Wizards on Oct. 6.
The knocks against Kel’el Ware entering the draft were related to his effort and focus, the Miami Herald’s Anthony Chiang notes. Those supposed negatives certainly weren’t evident during the Heat‘s Las Vegas Summer League title run as Ware, a mid-first round pick, was named to the First Team while averaging 18.0 points, 8.3 rebounds, 1.0 assist, 1.0 steal, and 1.5 blocks per game. What did Ware learn from his college experiences? “That there’s always more in the tank,” he said. “That I can always push past it and to always give more because it’s never really where my skill set stops at. There’s always more that I can improve and more that I can put on the floor to be able to perform better.”

Olympic Notes: Quarterfinalists, Canada, Australia, Japan

July 31st, 2024 at 8:02am CST by Luke Adams

While not every men’s basketball team at the Paris Olympics has even played two games yet, three of the eight quarterfinal clubs have been set. As Tim Reynolds of The Associated Press details, Germany, France, and Canada have clinched their spots in the single-elimination stage of the tournament.

Germany and France are 2-0 in Group B play, having each won their games against Brazil and Japan, while Canada is the only 2-0 team in Group A. None of those teams will finish pool play with a record worse than 2-1, which is out of reach for Brazil, Japan, and Greece (also 0-2). And since at least five teams from Groups A and B must advance to the quarterfinals (the top two teams in each group, plus at least one third-place finisher), Germany, France, and Canada are assured of finishing among those five, even if they don’t win their respective groups.

Australia and Spain, each 1-1, would clinch quarterfinal berths with wins on Friday over Greece and Canada, respectively. If either team loses, it could open the door for one of the current 0-2 clubs to advance via tie-breaking rules.

The winner of the USA/South Sudan game on Wednesday will become the fourth team to clinch a spot in the quarterfinals, Reynolds notes.

Here’s more on the Olympics:

RJ Barrett‘s strong second-half performance with the Raptors during the 2023/24 season has carried over to the Olympics so far, according to Josh Lewenberg of TSN.ca, who suggests that Barrett has been the biggest beneficiary of Andrew Wiggins‘ exit from Team Canada. Barrett has scored a team-high 47 points on 16-of-27 (59.3%) shooting through two games. “I’ve been playing with RJ for a long time, and RJ’s a dog,” teammate Luguentz Dort said. “He’ll always show up, he’ll always be aggressive. We need him to play like that, so he’s been doing a great job.”
Kane Pitman and Olgun Uluc of ESPN share their takeaways from Australia’s Tuesday loss to Team Canada, evaluating Dante Exum‘s return from a finger injury and exploring what the Boomers’ go-to five-man lineup should look like.
Japan wasn’t able to pull off the upset over France on Tuesday, but their ability to push the host nation to overtime reflected the growth of the country’s basketball program, writes Donatas Urbonas of BasketNews.com. “We’ve been on a mission to show that Japan plays good basketball,” national team head coach Tom Hovasse told Urbonas. “We had a good run in the World Cup, and the Japanese fans are really behind us. … I’m glad we could showcase our talents on the world stage so a lot more fans could see it. Japan basketball is definitely on the rise, and I hope it becomes one of the top two (sports) in Japan. That would have seemed impossible ten years ago, but we have a chance now.”

Community Shootaround: Underrated Remaining Free Agents

July 28th, 2024 at 8:48pm CST by Tristan Tucker

For the most part, standard roster spots across the league have dried up with the bulk of the top free agents having decided their destinations earlier in July. And some of the teams that do have open roster spots seem to be maneuvering to bring back some of the bigger names remaining in free agency.

Take the Grizzlies for example, who salary dumped Ziaire Williams in a move that seems to be setting up a return for Luke Kennard, one of the top players still available. The Cavaliers have three open standard roster spots, but figure to fill one or more of them once Isaac Okoro‘s restricted free agency is resolved (whether they’re keeping flexibility for a sign-and-trade or simply plan to bring him back remains to be seen). The Knicks, likewise, are the most likely destination for Precious Achiuwa but could still execute a sign-and-trade.

The remaining players on our top-50 list are Okoro (No. 20), Kennard (No. 29), Achiuwa (No. 37), Markelle Fultz (No. 43), Cedi Osman (No. 46) and Gordon Hayward (No. 49). While teams seem to have at least some level of plans in place for the top few remaining free agents, there are several others who have found recent success in the NBA and could help teams, but who appear to have been overlooked to this point.

A pair of Nets guards in Lonnie Walker IV and Dennis Smith Jr. are among the free agents who haven’t found new homes. Both are still relatively young and have shown promise in their careers. Smith, in particular, established himself as one of the better backcourt defenders in the league in his season with Charlotte in 2022/23, but he didn’t catch on for the long term. Walker has shown an ability to score in bunches and averaged 9.7 points in just 17.4 minutes last season (20.1 points per 36).

Likewise, Jordan Nwora is a young wing who can score in a pinch, but he hasn’t been brought back by the Raptors to this point. Though he’s shown flashes in Milwaukee, Indiana and Toronto, Nwora’s NBA future is unknown at this point. In 206 career appearances, the former No. 45 overall pick has averaged 7.6 points per game.

Talen Horton-Tucker made 11 starts for the Jazz last season and averaged 10.1 points and 3.5 assists per contest. While it’s possible the Jazz continue to develop the 23-year-old, there has been no indication so far that he remains in their plans.

Other young players like Omer Yurtseven, Dominick Barlow and Brandon Boston Jr. have had moments in the league, but none have found homes this offseason.

Davis Bertans feels likely to end up signing a deal with a contender, but his name hasn’t come up much in free agent conversations. Though he isn’t young, Bertans seemed to rehabilitate his value with Charlotte after averages 20.8 minutes last year after being acquired at the deadline, and he shot 37.5% from three on 6.3 attempts per game.

To be clear, the perceived lack of a market for the aforementioned players isn’t necessarily surprising. Tyus Jones and Gary Trent, though they reportedly passed on more lucrative offers, ended up only signing for the minimum. Teams are impacted by the CBA’s recent tax apron changes and a smaller-than-usual cap increase, resulting in a slower free agency this season.

Still, there’s always value to be found across professional basketball, and plenty of talented players are available to be signed by teams.

We want your input. Who do you think are the most underrated remaining free agents? Are there any players you feel are unfairly overlooked? Is there anyone we forgot?

Head to the comment section to let us know! We look forward to hearing your input.

Atlantic Notes: Tatum, Brown, Celtics, Mogbo, Raptors, Thibs

July 25th, 2024 at 10:31pm CST by Luke Adams

Speaking to Chris Mannix of SI.com about his relationship with longtime teammate Jaylen Brown, Celtics forward Jayson Tatum said he never wanted Brown traded, but admitted that he could have expressed that sentiment more vocally earlier in his career as trade rumors swirled around the 2016 lottery pick.

“I’ve always told him that maybe I could have done a better job of voicing my feelings in the public eye,” Tatum said. “He always knew that I wanted him here. I would always tell him like, ‘Man, I don’t get involved with any of those talks.’

“I never went to (Celtics president of basketball operations) Brad (Stevens) or went to any player like, ‘Yo, I want this guy in, I want this guy out of here.’ I show up and I want to do my job and play basketball. And looking back on in those moments, I didn’t know how that could affect somebody, because I was never in that situation. I feel like maybe I could have done a better job of publicly saying, ‘No, we don’t want anybody, we want JB.’ I just was always like, ‘I want to stay out of it.'”

The Celtics made it to the Eastern Conference Finals or NBA Finals in five of Brown’s first seven seasons, but were unable to break through and win a championship until 2024. Now that they have that title under their belt, Tatum is relieved that he and Brown should no longer have to face questions about whether it can thrive together and win at the highest level.

“We’ve figured out that we need each other,” Tatum told Mannix. “We have learned how to coexist. And we know we need to be the best version of ourselves in order for all of this to work. We weren’t necessarily the best play-makers early in our careers but we developed into guys that really bleed the game. We want to be a great example of guys that play on both ends as a floor and guys who are the best teammates that we can be.”

Here’s more from around the Atlantic:

After locking up most of their rotation players to multiyear deals, the Celtics project to have the NBA’s first ever $500MM roster in 2025/26, as Tim Bontemps of ESPN writes. That $500MM+ figure, which includes both player salaries and luxury tax penalties, will loom large over the organization as the team looks to defend its title and the ownership group looks to sell a controlling stake in the franchise.
Josh Lewenberg of TSN.ca takes a closer look at the unconventional path that Raptors rookie Jonathan Mogbo – the No. 31 pick in this year’s draft – took to the NBA and details how the 6’7″ forward boosted his stock significantly during the pre-draft process. According to Lewenberg, entering the second day of the draft, the Raptors did some extra homework on the projected first-round picks who were still available after day one – such as Kyle Filipowski and Johnny Furphy – but ultimately decided they preferred Mogbo, whom they’d ranked in the early 20s. Eventual No. 41 pick Adem Bona was also high on Toronto’s board and received some consideration at the start of the second round, Lewenberg adds.
Tom Thibodeau‘s new three-year extension with the Knicks doesn’t include any option years, according to Ian Begley of SNY.tv. While Begley doesn’t have the full salary details on Thibodeau’s new deal, he says it’s is “in line with the current market for head coaches” (Twitter link).

International Notes: Vezenkov, Anderson, Gillespie, Brazdeikis, Jokubaitis, Moneke

July 25th, 2024 at 9:37am CST by Dana Gauruder

Sasha Vezenkov is thrilled to be back in Europe, Johnny Askounis of Eurohoops.net writes. He signed a five-year contract with Olympiacos after getting waived by the Raptors.

“The goal is to reach the top. With a few words and a lot of work. I am happy to be back with all of you, to rejoin my old teammates and the new players,” Vezenkov said in a press conference.

The Greek team is equally as excited to have Vezenkov back in the fold. “Vezenkov is the best player in Europe. He went to the NBA as the best player in Europe. He has won and will continue winning championships with Olympiacos for the next five years,” team co-owner Panagiotis Angelopoulos said.

Vezenkov was so eager to return that he reportedly gave up his entire $6,658,536 NBA salary for 2024/25 in a buyout agreement with Toronto. According to Aris Barkas of Eurohoops, the forward’s new deal with Olympiacos is worth 18.5 million Euros across five years, post-taxes.

We have more international news:

Former NBA wing Justin Anderson has joined FC Barcelona on a one-year deal, Sportando relays. Anderson played last season for Valencia Basket. Anderson appeared in 242 NBA games after being a 2015 first-round pick, most recently with Cleveland and Indiana during the 2021/22 season.
Freddie Gillespie has signed a one-year deal with the New Zealand Breakers, ESPN’s Olgun Uluc tweets. The American forward last played for KK Crvena Zvesda. He appeared in 29 games for Toronto and Orlando from 2020-22.
Forward Ignas Brazdeikis is returning to Zalgiris Kaunas, according to a press release. The University of Michigan product appeared in 64 NBA games, mostly with Orlando, from 2019-22.
Rokas Jokubaitis has officially signed his three-year contract with Maccabi Tel Aviv, according to a team press release. His former team, Barcelona, announced this week that it has officially parted ways with him. Jokubaitis played for the Knicks during the Summer League and his NBA rights continue to be held by New York.
After a report surfaced this week claiming that he had agreed to sign with Partisan Belgrade, former NBA big man Chima Moneke declared on his social media account (Twitter link) that he is committed to playing for Baskonia next season. “I genuinely don’t know who is making up all these rumors but they’re getting tiring. I’m a Baskonia player and I’m really excited for this season,” he wrote. Moneke appeared in two games with Sacramento in 2022/23.

Eastern Notes: Valanciunas, Raptors, Pistons, Langdon

July 23rd, 2024 at 3:00pm CST by Luke Adams

Veteran center Jonas Valanciunas signed a three-year contract with the Wizards worth in excess of $30MM earlier this month, but the hosts of ESPN’s Hoop Collective podcast aren’t expecting the big man to play out that entire deal in D.C. (YouTube link; hat tip to HoopsHype). In fact, Brian Windhorst and Tim Bontemps suggested they wouldn’t be surprised if Valanciunas is playing elsewhere before the 2024/25 season is over.

“Do we think Jonas Valanciunas will be on offer from the Wizards midway through the season?” Windhorst said. “I wouldn’t rule out Jonas Valanciunas eventually ending up a Laker this year, that’s all I’m going to say.”

“100%,” Bontemps replied. “Or somewhere else besides Washington.”

While Valanciunas figures to slot in as the Wizards’ starting center this fall, the team remains firmly in a rebuilding stage, so if it can get draft assets in exchange for the 32-year-old at next year’s trade deadline, it wouldn’t be shocking to see him on the move in early 2025.

As Windhorst alluded to, Valanciunas was one of the players who was reportedly on LeBron James‘ wish list of “impact” free agents this summer and will likely be more attainable on the trade market that some of the other names on that list (such as James Harden, Klay Thompson, or DeMar DeRozan). So if Valanciunas is available, the Lakers are certainly among the teams who might kick the tires.

Here’s more from around the Eastern Conference:

Blake Murphy of Sportsnet.ca explains how the Raptors made good use of their leverage in their standoff with Sasha Vezenkov and details how their buyout agreement with Vezenkov creates newfound financial flexibility for the team. While Toronto now has about $11.3MM in wiggle room below the luxury tax line, the club may opt to maintain that flexibility in case trade opportunities arise in the fall or during the season, Murphy writes.
In a mailbag for The Athletic, James L. Edwards III considers whether the Pistons still have moves to make this offseason, suggesting that he wouldn’t be surprised if the team explores the idea of signing one of the notable guards or wings left on the free agent market, such as Tyus Jones, Markelle Fultz, or Reggie Bullock. Edwards also weighs the odds of a Jaden Ivey trade, noting that significant minutes could be harder than ever to come by for the former lottery pick if Detroit is committed to playing Malik Beasley and Tim Hardaway Jr. regularly.
Keith Langlois of Pistons.com shares his early impressions of the Pistons‘ new president of basketball operations, exploring what Trajan Langdon‘s moves during his first two months on the job say about his roster-building approach. As Langlois writes, Langdon’s decisions have made it clear he’s not necessarily looking to get Detroit back to the playoffs as quickly as possible.

Raptors Buy Out Sasha Vezenkov, Waive Javon Freeman-Liberty

July 22nd, 2024 at 2:27pm CST by Luke Adams

The Raptors have cut a pair of players from their offseason roster, announcing today that forward Sasha Vezenkov and guard Javon Freeman-Liberty have been placed on waivers.

Vezenkov is the more notable name of the two. The 2023 EuroLeague MVP signed a three-year contract with the Kings last summer, but had an underwhelming NBA rookie season, logging just 12.2 minutes per game in 42 appearances off the bench. He averaged 5.4 points and 2.3 rebounds per game with a shooting line of .440/.375/.800.

Vezenkov, who will turn 29 next month, was traded from Sacramento to Toronto in June along with Davion Mitchell in a deal that created additional cap flexibility for the Kings.

Around the time of that trade, reports surfaced indicating that the 6’8″ forward had reached a lucrative long-term agreement to return to Olympiacos, his former team in Greece. However, he remained under contract with the Raptors on a deal that included a guaranteed $6,658,536 salary for 2024/25 (plus a team option for ’25/26).

The Raptors’ release of Vezenkov creates a path for him to rejoin Olympiacos once he clears waivers and also generates significant cap savings for the team. According to Blake Murphy of Sportsnet.ca (Twitter link), Vezenkov gave up his entire $6,658,536 salary for ’24/25 in a buyout agreement in order to facilitate his exit, leaving no dead money on Toronto’s books.

As for Freeman-Liberty, the former DePaul standout spent most of last season on a two-way contract with the Raptors before being promoted to the standard roster on March 1. He appeared in 22 games at the NBA level as a rookie, averaging 7.0 PPG, 3.2 RPG, and 1.8 APG in 18.3 MPG.

Freeman-Liberty’s minimum-salary contract for 2024/25 contained only a small partial guarantee, which would have increased from $100K to $150K if he had remained on the roster through July 23. Toronto will carry $100K in dead money after waiving the 24-year-old.

The Raptors now have 14 players on standard guaranteed contracts and about $11MM in breathing room below the luxury tax line, according to Murphy (Twitter link). Toronto’s newfound financial flexibility gives the front office the ability to spend more than the veteran’s minimum to fill the 15th roster spot or potentially to take on unwanted salary in a trade.

Christian Koloko Hoping For NBA Return

July 17th, 2024 at 9:54pm CST by Arthur Hill

Former Raptors center Christian Koloko received clearance from his doctors to resume playing and has been participating in free agent showcases with other NBA players, according to Blake Murphy of Sportsnet.ca. Koloko sat out all of last season with a blood clot issue, and he’ll have to be approved by the league’s Fitness to Play Panel before he can sign a contract. Murphy states that Toronto waived Koloko because it needed a roster space and he was unable to play, but the organization still believes in his talent.