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Sixers’ Harrell To Decline Option, Become Free Agent

June 21st, 2023 at 8:14am CST by Luke Adams

Sixers big man Montrezl Harrell will turn down his minimum-salary player option for the 2023/24 season and become an unrestricted free agent, league sources tell Chris Haynes of Bleacher Report and TNT (Twitter link).

Harrell signed with Philadelphia last September on a two-year, minimum-salary contract that gave him the ability to opt out after the first season. The 29-year-old appeared in 57 games in 2022/23, averaging 5.6 points and 2.8 rebounds in 11.9 minutes per night.

Prior to this season, Harrell had posted career averages of 12.9 PPG and 5.3 RPG in 21.5 MPG across 458 games, earning Sixth Man of the Year honors in 2020. His numbers this past season were his lowest since his rookie year (2015/16).

While Harrell’s modest production in Philadelphia won’t exactly line him up for a big payday this summer, his decision to opt out suggests he’s confident he’ll at least get another minimum-salary offer from an NBA team.

Assuming he gets a guaranteed minimum deal, the former Louisville standout will come out ahead, since his player option was worth $2,760,026 and his projected minimum salary on a new contract next season is $2,848,506.

As our tracker shows, Harrell is one of three Sixers with a player option for 2023/24. Danuel House exercised his $4.3MM option, while James Harden is expected to decline his $35.6MM option

Damian Jones Exercises 2023/24 Option With Jazz

June 20th, 2023 at 1:42pm CST by Luke Adams

Veteran center Damian Jones has exercised his player option for the 2023/24 season, according to ESPN’s Adrian Wojnarowski (Twitter link).

The move guarantees Jones’ minimum salary ($2,586,665) for next season, so the Jazz will be on the hook for that full amount.

The opt-in doesn’t necessarily assure the big man of a return to Utah though, since he’ll immediately become trade-eligible once his option is officially picked up. He could be traded or released if he’s not in the team’s plans going forward.

A former first-round pick, Jones signed with the Lakers last offseason after playing for five different teams in his first six NBA seasons, then was sent to the Jazz in the three-team trade-deadline deal involving D’Angelo Russell, Russell Westbrook, and Mike Conley.

Jones saw more regular playing time in Utah than he had in Los Angeles, averaging 4.6 points and 3.5 rebounds in 15.8 minutes per contest in his 19 appearances. In total, he played in 41 regular season games and averaged 3.5 PPG and 3.0 RPG in 11.6 MPG.

Jones, who will turn 28 later this month, is the first of four Jazz veterans to make a decision on a player option for 2023/24. Jordan Clarkson, Talen Horton-Tucker, and Rudy Gay also have player option decisions to make by June 29.

Gay is considered a virtual lock to opt in, since he won’t exceed his $6.48MM option salary as a free agent, whereas Clarkson is a good candidate to decline his $14.26MM option and seek a multiyear deal. Horton-Tucker ($11.02MM) could go either way.

Wizards’ Kyle Kuzma Opts Out, Will Become Free Agent

June 20th, 2023 at 1:35pm CST by Luke Adams

Wizards forward Kyle Kuzma has declined his player option for the 2023/24 season and will become an unrestricted free agent on July 1, reports ESPN’s Adrian Wojnarowski (via Twitter).

The move had long been expected, as Kuzma spoke way back in December about his plans to turn down his option to become a free agent. The decision is more about his market value than a desire to leave D.C. — his option would have paid him $13MM, a figure he’ll almost certainly exceed on a new deal.

According to Wojnarowski, a return to Washington on a new contract remains a possibility for Kuzma, though it will be interesting to see how the team’s new front office – and apparent new direction – affects those negotiations. The Wizards reached an agreement this week to send Bradley Beal to Phoenix and appears to be in the process of a major roster reset.

Kuzma, who will turn 28 next month, spent the last two seasons in D.C. after being included in the blockbuster deal that sent Russell Westbrook to the Lakers. He averaged a career-best 21.2 points per game in 64 contests (35.0 MPG) this past season, posting a shooting line of .448/.333/.730 and contributing 7.2 rebounds and 3.7 assists per night.

It’s unclear where Kuzma might land if he doesn’t remain in Washington, though a recent report linked him to the Pacers and Rockets, two teams with cap room. Finding a club with cap space or the ability to acquire him via sign-and-trade will be necessary if Kuzma wants to change teams and exceed his $13MM option salary, since this year’s full mid-level exception projects to come in around $12.2MM.

Kuzma joins Fred VanVleet and Draymond Green as veterans who have declined player options for 2023/24; others are expected to join them, including James Harden and Josh Hart. Our tracker can be found right here.

One player whose option decision remains up in the air is Kuzma’s teammate Kristaps Porzingis. He could assure himself of $36MM if he opts in and is reportedly still mulling that possibility.

Raptors’ Gary Trent Jr. To Pick Up 2023/24 Player Option

June 20th, 2023 at 12:28pm CST by Luke Adams

Raptors wing Gary Trent Jr. has decided to exercise his player option for the 2023/24 season, agents Rich Paul and Lucas Newton of Klutch Sports tell Chris Haynes of Bleacher Report and TNT (Twitter links).

The move will guarantee Trent’s $18.79MM salary for next season and will keep him off this year’s free agent market, lining him up instead for unrestricted free agency in 2024.

It’s a surprising decision, given that Trent had long been expected to opt out in order to sign a longer-term deal worth perhaps $18-20MM annually. The 24-year-old is coming off a solid two-and-a-half year stint in Toronto in which he averaged 17.7 points per game on .420/.374/.843 shooting while chipping in 1.6 SPG.

Trent, who is still entering his prime, projected to be one of the best three-and-D players on the market. It’s possible his agents quietly gauged his market and found it wasn’t robust as anticipated.

A desire to remain in Toronto also factored into Trent’s decision, according to Haynes, who says the two sides intend to explore a multiyear agreement. Once he officially picks up his option, the former Trail Blazer will be on track to become extension-eligible in July. The NBA’s new extension rules would allow him to receive a raise of up to 40% on a new deal.

While Trent’s decision to opt in will keep one key Raptors contributor off the free agent market, two others are still expected to become free agents on July 1. Starting point guard Fred VanVleet already declined his own ’23/24 player option, while center Jakob Poeltl will see his current contract expire on June 30.

As Josh Lewenberg of TSN.ca tweets, Trent’s $18MM+ cap hit will make it more challenging for the Raptors to bring back both VanVleet and Poeltl on market-value deals and avoid the luxury tax. While it’s not impossible, it may require a cost-cutting move or two.

The full list of player option decisions for 2023/24 can be found right here.

Wizards To Trade Bradley Beal To Suns

June 19th, 2023 at 12:21pm CST by Luke Adams

JUNE 19, 12:21pm: In addition to Beal and Goodwin, the Wizards are also sending Isaiah Todd to the Suns in the trade, according to Wojnarowski (Twitter link). Todd’s minimum salary ($1,836,096) for the 2023/24 season is fully guaranteed.

As John Hollinger of The Athletic tweets, Todd is coming off a disappointing season and was no longer in the Wizards’ plans, but from the Suns’ perspective, he’ll be a little cheaper than a minimum-salary veteran.

JUNE 18, 7:34pm: The Wizards are likely to include Jordan Goodwin in the trade, Josh Robbins of The Athletic tweets. Goodwin’s minimum-salary ($1,927,896) contract for next season is currently partially guaranteed for $300K.

JUNE 18, 3:35pm: The Wizards and Suns have agreed to a blockbuster trade that will send Bradley Beal to Phoenix, reports Adrian Wojnarowski of ESPN (Twitter links).

According to Wojnarowski and Shams Charania of The Athletic (Twitter link), the Wizards are expected to receive Chris Paul, Landry Shamet, multiple second-round picks, and multiple pick swaps in the trade. It will likely take a few days for the deal to be officially finalized, Woj adds.

Word first broke on Wednesday that the Wizards and Beal’s camp had been in contact about possible trade scenarios as the team’s new front office – led by president of basketball operations Michael Winger – mulled the possibility of a roster reset.

Beal’s contract, which has four years and nearly $208MM left on it, includes a no-trade clause, which gave him significant control over the process and limited the Wizards’ options. On Saturday, reports indicated that Washington was in serious talks with the Suns and Heat about possible deals involving the star guard.

It’s unclear whether the Wizards preferred the Suns’ offer, Beal preferred Phoenix over Miami, or both. John Gambadoro of Arizona Sports 98.7 (Twitter link) hears that Phoenix was the only place Beal wanted to go, viewing it as the best fit for him and his family. However, according to Barry Jackson of The Miami Herald (Twitter link), the 29-year-old would have been happy to land with the Heat too, but the Suns were more aggressive in their pursuit.

Either way, Beal will form a new Big Three alongside Kevin Durant and Devin Booker, as new Suns owner Mat Ishbia takes another big swing following the team’s deadline acquisition of Durant. A three-time All-Star, Beal will be changing teams for the first time in his career following 11 years in Washington.

“This was an extremely complicated process with so many different hurdles to get through and (Wizards owner) Ted Leonsis and Michael Winger were unbelievable partners in making this happen,” Beal’s agent Mark Bartelstein said in a statement confirming the agreement, per Wojnarowski (Twitter link).

One of the NBA’s most prolific scorers in recent years, Beal averaged 30.5 points per game in 2019/20 and 31.3 PPG in 2020/21, but has seen his numbers dip in the past two seasons as he battled injuries and cut back on his shot attempts. In 90 games since the start of the ’21/22 season, he has averaged 23.2 PPG and 6.0 APG on .480/.333/.838 shooting in 34.6 minutes per night.

With Durant, Booker, Beal, and former No. 1 overall pick Deandre Ayton all on maximum-salary contracts that run through at least 2025/26, the Suns’ team salary projects to be over the NBA’s new second tax apron for the next three seasons or more, limiting their ability to upgrade their roster around that core, tweets ESPN’s Bobby Marks. Barring a trade of Ayton, Phoenix will have to fill out its roster this offseason by re-signing its own free agents and/or adding outside free agents on minimum-salary contracts.

Having already sent their 2023, 2025, 2027, and 2029 first-round picks – as well as a 2028 first-round pick swap – to Brooklyn for Durant, the Suns could only offer the Wizards a pick swap in 2024 and/or 2026 in addition to multiple second-round selections. Phoenix’s 2029 second-rounder is the only one that was traded away in a previous deal.

Meanwhile, Winger’s tenure in D.C. will begin with a cost-cutting trade of a franchise player who signed what was – at the time – the richest contract in NBA history just one year ago. Paul and Shamet are under contract through at least 2024/25, but aren’t owed any guaranteed money beyond ’23/24, so they’re essentially on expiring contracts, while Beal would have made an average of $52MM through ’26/27.

Paul’s $30.8MM salary for next season is currently only partially guaranteed for $15.8MM, but that guarantee will need to be increased by nearly $10MM in order to meet the NBA’s salary-matching rules.

A league source tells Josh Robbins of The Athletic (Twitter link) that the Wizards would like to keep Paul for next season, but if CP3 decides he wants to be on a club closer to contention, the Wizards and Suns would work to expand the trade to get him to a third team. It’s unclear whether Paul might be waived or bought out if he doesn’t want to play in D.C. and the trade can’t be turned into a three-team deal.

If he’s cut by Washington, Paul would be ineligible to return to the Suns, but would almost certainly pass through waivers and be able to sign with any other team as an unrestricted free agent. The Lakers are reportedly among the clubs expected to have “strong” interest in him in that scenario.

Shamet is owed $10.25MM in 2023/24 with non-guaranteed cap hits of $11MM and $11.75MM for the following two seasons.

Having moved on from Beal, the Wizards will now face major decisions on Kyle Kuzma and Kristaps Porzingis, both of whom can become unrestricted free agents if they decline player options for 2023/24.

If Washington pivots to a full rebuild, it will have a ripple effect on the Knicks, who are owed one of the Wizards’ first-round picks. That pick is top-12 protected in 2024, top-10 protected in 2025, and top-eight protected in 2026. It would turn into a pair of second-rounders if it hasn’t conveyed by then.

As for the Heat, they intend to shift their focus to Trail Blazers guard Damian Lillard and genuinely believe that Lillard could seek a trade out of Portland this offseason, reports Chris Haynes of Bleacher Report and TNT (Twitter link).

Beal has a 15% trade kicker, but because he’s already earning the maximum salary, it will be voided in this deal, Marks notes (via Twitter). Crucially, the guard’s no-trade clause will carry over to Phoenix, so the Suns would need to get his approval if they want to trade him down the road.

Draymond Green To Decline Player Option

June 19th, 2023 at 11:15am CST by Arthur Hill

Warriors forward Draymond Green will decline his $27.5MM player option and test the free agent market, tweets Shams Charania of The Athletic. The decision was confirmed by Green’s agent, Rich Paul of Klutch Sports, Charania adds.

“We will continue to talk to Golden State and explore all options,” Paul told ESPN’s Adrian Wojnarowski (Twitter link).

The Warriors remain hopeful of signing Green to a new contact, according to Woj, who notes that Green will explore sign-and-trade possibilities as well as opportunities to sign with other teams.

Green, 33, has been Golden State’s fiery leader throughout the past decade, which has included four NBA titles and two additional trips to the Finals. He was the league’s Defensive Player of the Year in 2017 and was named to an All-Defensive team eight times, including this season.

Green’s versatility on offense has also played a role in the Warriors’ dynasty as he has consistently been among the NBA’s best passing big men. He averaged 8.5 points, 7.2 rebounds and 6.8 assists this season while appearing in 73 games.

Green’s time with the Warriors has also featured controversy, with none greater than the punch he threw at Jordan Poole during training camp. That incident was believed to be at least partially motivated by the players’ contract status, with Poole in line for an extension and Green not expected at the time to receive an extension offer.

There has been speculation that Green’s future with the organization might be affected by the loss of general manager Bob Myers, who announced his resignation at the end of May. While the Warriors prefer to keep their championship core intact, Green is now in position to break it up this summer.

Celtics’ Danilo Gallinari Exercises 2023/24 Player Option

June 15th, 2023 at 2:02pm CST by Rory Maher

As expected, Celtics forward Danilo Gallinari has exercised his $6.8MM player option for the 2023/24 season, his agent Michael Tellem of Excel Sports Management tells ESPN’s Adrian Wojnarowski.

Gallinari signed a two-year, $13.3MM contract with Boston as a free agent last summer. However, he never suited up for his new club, having missed the entire ’22/23 season with a major knee injury.

The 34-year-old sustained a torn left ACL last August while playing in a World Cup qualifier for the Italian national team. It was his second torn ACL in the same knee — the first came back in 2013, which caused him to miss the ’13/14 season.

According to Wojnarowski, Gallinari is expected to have a “sizeable role” for the Celtics next season. The veteran forward is close to being fully recovered from the injury.

A talented scorer and shooter, Gallinari holds career averages of 15.6 PPG, 4.8 RPG and 1.9 APG on .428/.382/.877 shooting in 728 career regular season games (29.9 MPG). In ’21/22 with Atlanta, his last healthy campaign, he averaged 11.7 PPG and 4.7 RPG on .434/.381/.904 shooting in 66 games (25.3 MPG).

Nuggets, Thunder Agree To Draft-Pick Trade

June 9th, 2023 at 10:24am CST by Luke Adams

As the Nuggets prepare for Game 4 of the NBA Finals, their front office has reached an agreement on a trade with the Thunder, reports Adrian Wojnarowski of ESPN (Twitter link).

According to Wojnarowski, Denver will receive three draft picks in the swap: this year’s No. 37 selection, the least favorable of the Thunder’s 2024 first-round picks, and a 2024 second-rounder.

Oklahoma City, meanwhile, will receive Denver’s 2029 first-round pick, with some protections on it.

The Thunder currently control four 2024 first-round selections. In addition to their own first-rounder, they’ll receive Houston’s pick (if it lands outside the top four), the Clippers’ pick (unprotected), and Utah’s pick (if it’s outside of the top 10). As a result of this new agreement, the Nuggets will receive whichever of those picks conveyed in ’24 lands latest in the first round.

As for the ’24 second-rounder, the Thunder have traded away their own pick, but are owed the least favorable of Charlotte’s and Minnesota’s second-rounders. It sounds like that will be the selection rerouted to Denver.

From the Nuggets’ perspective, it looks like the deal is about continuing to give the front office opportunities to add inexpensive young players to a championship-caliber core in the next year or two. The team did well to add Christian Braun and Peyton Watson outside of the top 20 in the 2022 draft and will aim to identify more hidden gems with the Nos. 37 and 40 picks in the 2023 draft. As Bobby Marks of ESPN notes (via Twitter), Denver is a tax team, so those second-rounders will give the club some tools to fortify its bench at a low cost.

As for the Thunder, they’ll simply roll some of their draft assets down the road — the goal will be to turn a late 2024 first-rounder into a more favorable pick in the 2029 draft, using a couple second-rounders as sweeteners.

The two Northwest rivals made a similar trade last June, when the Nuggets acquired the No. 30 pick in 2022 (used on Watson) and a pair of second-rounders in exchange for their lightly protected 2027 first-rounder.

The Nuggets owe their 2025 first-round pick (top-five protected) to Orlando and their 2027 first-rounder (top-protected) to Oklahoma City. If either of those picks lands in its protected range and isn’t conveyed immediately, the Thunder wouldn’t be able to receive Denver’s 2029 pick due to the Stepien rule, which prevents a team from leaving itself without a first-rounder in consecutive future drafts.

We’ll have to wait to see exactly when this trade is completed and what the details on the protections are to know what would happen if the 2025 or 2027 pick ends up in the top five, preventing the 2029 pick from conveying. If the two teams wait until after the June 22 draft to officially complete the deal, they could include terms allowing the pick to roll over to 2030 if it’s not conveyed in 2029. For now, that’s not permitted, since draft picks can’t be traded more than seven years out.

Suns Reportedly Plan To Waive Chris Paul

June 7th, 2023 at 4:22pm CST by Rory Maher

The Suns plan to waive point guard Chris Paul, whose $30.8MM contract for 2023/24 is partially guaranteed at $15.8MM, sources tell Chris Haynes of Bleacher Report and TNT (Twitter link).

In a recent podcast appearance with Zach Lowe, ESPN’s Brian Windhorst suggested the Suns might waive Paul instead of guaranteeing the remainder of his salary. He also predicted Paul would still be on the roster next season (YouTube link).

“Stretch Chris Paul?” asked Lowe (hat tip to RealGM)

“There are other things that can be done,” said Windhorst.

“I might be dumb, but I think Chris Paul is still good,” replied Lowe.

“I think Chris Paul will be a Sun next year, but what if he’s a Sun and they don’t have to pay him $30 million,” said Windhorst.

As Yossi Gozlan of HoopsHype tweets, the Suns could stretch Paul’s $15.8MM cap hit over five years, which would equal $3.16MM annually. However, if they go that route, they would be ineligible to re-sign Paul over that same time frame.

If they simply release his contract and he clears waivers, Paul will become an unrestricted free agent and able to sign with any team, including Phoenix. In a thin free agent market, he will be one of the best players available, despite his advancing age (he turned 38 last month).

As we noted in our Offseason Preview, if the Suns were to guarantee Paul’s salary, they would have been in danger of exceeding the second tax apron, which is a pseudo-hard cap in the new CBA. Waiving (or waiving and stretching) Paul would make it easier to stay below that threshold and give Phoenix more options to work with, but the team would also risk losing him for nothing.

The 12-time All-Star plans to play “several” more seasons and is enthusiastic about helping a team contend for a title, according to Haynes (Twitter link). Haynes reported last month that the Suns were considered likely to guarantee the remainder of Paul’s contract, but obviously there was a change of plans.

Paul is coming off another disappointing playoff exit that was related to injuries. This time, he suffered a left groin strain in Game 2 of the Western Conference semifinals against the Nuggets that sidelined him for the rest of the series.

Paul, who has led the league in steals six times and assists five times, is widely considered one of the greatest point guards in NBA history, as well as one of the best players to have never won a championship. In his first season with Phoenix back in ’20/21, he helped the team reach the Finals, ultimately falling to the Bucks in six games.

In 59 regular season games (32.0 minutes) in ’22/23, he averaged 13.9 points, 8.9 assists, 4.3 rebounds and 1.5 steals on .440/.375/.831 shooting. He holds career averages of 17.9 points, 9.5 assists, 4.5 rebounds and 2.1 steals on .472/.369/.870 shooting in 1214 games (34.4 MPG).

Magic Waive Jay Scrubb

June 5th, 2023 at 9:55am CST by Arthur Hill

The Magic opened up a two-way slot by waiving Jay Scrubb, the team announced in a press release.

Scrubb signed a two-year contract when he joined the team on March 24, but the deal didn’t include any guaranteed money for the 2023/24 season.

The 22-year-old guard spent most of the season with the Magic’s G League affiliate in Lakeland. He ranked sixth in the G League in scoring at 22.3 points per game to go along with 5.9 rebounds and 2.3 assists.

Scrubb saw action in two games with Orlando late in the season. He was selected by Brooklyn with the 55th pick in the 2020 draft, and his previous NBA experience consisted of 22 games with the Clippers.

Rookie guard Kevon Harris is the Magic’s other two-way player.