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Khris Middleton Declining Player Option, Will Become Free Agent

June 21st, 2023 at 11:08pm CST by Rory Maher

Bucks wing Khris Middleton is declining his $40.4MM player option to become an unrestricted free agent, his agents tell ESPN’s Adrian Wojnarowski (Twitter link).

Despite turning down the option, the three-time All-Star could still work out a new deal with Milwaukee, Woj adds (via Twitter).

Middleton, who turns 32 in August, had a disappointing regular season in 2022/23, appearing in just 33 games (24.3 minutes) while averaging 15.1 points, 4.9 assists and 4.2 rebounds on .436/.315/.902 shooting.

He had a strong playoff showing in Milwaukee’s first-round loss to Miami, however, averaging 23.8 points, 6.4 rebounds and 6.2 assists on .465/.406/.867 shooting in five games.

Middleton battled persistent knee soreness throughout ’22/23, undergoing arthroscopic surgery to deal with the issue after the season ended. He also had wrist surgery last summer, which caused him to miss the first 20 games of last season.

The 39th pick of the 2012 draft by Detroit, Middleton didn’t play much as a rookie for the Pistons before he was traded to Milwaukee the following summer. He has emerged as one of the Bucks’ best players over the past decade, playing a key role in helping the club win the championship in ’20/21.

A recent report indicated that the Bucks plan to retain Middleton. League executives reportedly believe he could re-sign with Milwaukee on a four-year deal worth around $130MM.

Bulls’ Derrick Jones Jr. Declining 2023/24 Player Option

June 21st, 2023 at 5:46pm CST by Rory Maher

Bulls forward Derrick Jones Jr. plans to decline his player option for 2023/24 to become an unrestricted free agent, sources tell Shams Charania of The Athletic (Twitter link).

Jones signed a two-year, $6.56MM contract with Chicago last summer that includes an opt-out decision after year one. His option for ’23/24 is worth a guaranteed $3.36MM.

The move comes as something of a surprise, as the 26-year-old told K.C. Johnson of NBC Sports Chicago in April that he planned to pick up the option to stay with the Bulls.

“Like I told coach (Billy Donovan) and everybody else, I’m locked in for two years. I didn’t sign for two years for no reason. So I’m here for two years,” Jones said. “I just gotta sit down with my agent and talk to him, figure things out. But I don’t see why not. I got no other plans, yet.”

As Jones implied at the end of that statement, plans can change, especially as players get closer to free agency. He must be confident he can exceed his option as a free agent — it’s worth noting that a seven-year veteran like Jones would earn a projected $2.7MM on a veteran’s minimum contract.

The Bulls have Jones’ Bird rights if they want to re-sign him to a new contract.

Jones appeared in 64 games for the Bulls this past season, averaging 5.0 points and 2.4 rebounds and shooting .500/.338/.738 in 14.0 minutes per night. With the exception of his three-point percentage, those numbers were all down from the ones he posted during his first year in Chicago in ’21/22.

In fact, Jones’ minutes, points and rebounds were all down when compared to his previous four seasons after becoming a rotation regular with Miami in ’18/19. The high-flying Jones is known as a strong, versatile defensive player, though he doesn’t provide much scoring or play-making on the other end.

Jones isn’t the only Bull with a $3.36MM player option for 2023/24. As our list of free agents by team shows, veteran center Andre Drummond will have to make a decision on an identical option.

We’re tracking all of this year’s player option decisions right here.

Pacers Trading No. 29, No. 32 Picks To Nuggets

June 21st, 2023 at 2:16pm CST by Luke Adams

2:16pm: As Agness reported below, the Nuggets’ own 2024 pick won’t be involved in this trade, ESPN’s Bobby Marks confirms (via Twitter).

The 2024 first-rounder the Pacers will receive from the Nuggets will be the one Denver gets in its trade with Oklahoma City: The least favorable of the Thunder’s, Clippers’, Rockets’, and Jazz’s picks.

12:28pm: The Pacers and Nuggets have agreed to a draft-pick swap, according to ESPN’s Adrian Wojnarowski (Twitter links), who reports that Denver will receive the No. 29 and No. 32 picks in Thursday’s draft.

In exchange for those two selections, Indiana will receive the No. 40 pick in 2023 and the least favorable of the Nuggets’ 2024 first-rounders, per Wojnarowski.

This is the second draft-pick trade the Nuggets have agreed to this month as they look to fill out their 2023/24 roster with low-cost contributors. Denver previously agreed to send its 2029 first-rounder to Oklahoma City in exchange for this year’s No. 37 pick, the least favorable of the Thunder’s 2024 first-round picks, and a 2024 second-rounder.

As a result of their latest trade, the Nuggets will now control the 29th, 32nd, and 37th overall picks on Thursday, putting them in position to select multiple players who could contribute as rookies. The team drafted Christian Braun and Peyton Watson at No. 21 and No. 30 last year and is counting on those youngsters to play increased roles next season.

As for the Pacers, they also control the seventh, 26th, and 55th overall picks in this year’s draft, so there was an expectation that they’d move one or more of their five selections rather than keeping and using all of them. The Pacers still control four 2023 picks, so it wouldn’t be surprising if they made at least one more deal this week. According to Wojnarowski (via Twitter), they remain active in trade talks.

In addition to holding its own 2024 first-round pick, the ’24 first-round selection that Denver is getting from Oklahoma City is the least favorable of the following first-rounders:

The Thunder’s pick.
The Clippers’ pick.
The Rockets’ pick (top-four protected).
The Jazz’s pick (top-10 protected).

According to ESPN, the Nuggets will send either their own pick or the pick they get from the Thunder (whichever is least favorable) to Indiana. However, Scott Agness of Fieldhouse Files (Twitter link) hears that the Nuggets’ own pick isn’t involved, and Denver will simply reroute the pick they get from OKC on to the Pacers. We’ll wait for clarity on that point.

The full 2023 draft order can be viewed right here.

Nuggets’ Bruce Brown Declining 2023/24 Player Option

June 21st, 2023 at 9:45am CST by Luke Adams

As expected, Nuggets guard Bruce Brown will turn down his player option for the 2023/24 season, reports Shams Charania of The Athletic (Twitter link).

Rather than locking in a ’23/24 salary worth $6,802,950, Brown will hit the free agent market, where he’ll be able to sign a new deal with Denver or a rival suitor.

Brown, who signed with the Nuggets last summer following a two-year stint in Brooklyn, averaged a career-best 11.5 points per night on .483/.358/.758 shooting in 80 games (28.5 MPG) this past season.

The 26-year-old also contributed 4.1 RPG and 3.4 APG while handling a variety of defensive assignments. In the postseason, he played the most minutes of any Denver reserve, bumping his scoring average to 12.0 PPG while shooting 51.1% from the floor.

Because Brown signed with the Nuggets just one year ago, the team only holds his Non-Bird rights, giving them the ability to offer up to about $7.8MM, a 20% raise on his previous $6.5MM salary. The club intends to offer that full raise, per Mike Singer of The Denver Post (Twitter link).

The Nuggets could theoretically offer more than $7.8MM if they had cap room or the full mid-level exception available, but they project to be over the luxury tax line, limiting their spending flexibility.

Brown is considered likely to receive an offer in the neighborhood of the full mid-level ($12MM) from another team, but spoke after the Nuggets’ championship about his desire to remain in Denver, telling reporters that “money isn’t everything.” If he’s willing to accept a below-market salary in 2023/24, he could sign another one-plus-one deal, then opt out again in 2024 and sign a more lucrative, longer-term contract with the Nuggets once they hold his Early Bird rights.

We’re tracking all of this year’s player option decisions right here.

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.