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Joe Ingles Signs Two-Year Contract With Magic

June 30th, 2023 at 6:46pm CST by Dana Gauruder

JULY 7: Ingles has officially signed with the Magic, the team announced today in a press release (Twitter link).

JUNE 30: Free agent swingman Joe Ingles is joining the Magic on a two-year, $22MM contract, ESPN’s Adrian Wojnarowski tweets.

TNT and Bleacher Report’s Chris Haynes reported earlier (Twitter link) that the two sides were close to an agreement. Similar to the deals Orlando reached with Gary Harris and Mohamed Bamba last offseason, the Magic will hold an option on the second year of Ingles’ contract, Jeff Zillgitt of USA Today tweets. Harris had his 2023/24 salary guaranteed by the Magic earlier in the day.

He’ll add a veteran presence off the bench at the wing positions in Orlando.

Ingles spent last season with the Bucks, seeing action in 46 games off the bench. He averaged 6.9 points, 3.3 assists and 2.8 rebounds in 22.7 minutes. He also saw action in five postseason games.

Ingles tore the ACL in his left knee the previous season while playing for the Jazz. Ingles, 35, played regularly for eight seasons in Utah.

Timberwolves Sign Nickeil Alexander-Walker, Troy Brown

June 30th, 2023 at 6:24pm CST by Dana Gauruder

JULY 9: Both signings are now official, per NBA.com’s transaction log.

JUNE 30: The Timberwolves have reached agreements with free agents Nickeil Alexander-Walker and Troy Brown.

Alexander-Walker is re-signing with Minnesota on a two-year deal, Jon Krawczynski of The Athletic tweets. Brown is leaving the Lakers to join the Timberwolves, ESPN’s Adrian Wojnarowski tweets.

The Wolves declined to give Alexander-Walker a qualifying offer to make him a restricted free agent but will re-sign him using his Bird rights on a two-year, $9MM deal, tweets Jon Krawczynski of The Athletic.

According to Mike Singer of Denver Post (Twitter link), Brown will get a two-year contract worth north of $8MM, with a second-year team option. The Wolves will have to use a cap exception – either the mid-level or bi-annual – to complete that signing.

Alexander-Walker, acquired in a deadline deal from Utah, appeared in 23 games off the bench for Minnesota last season. He averaged 5.9 points, 1.8 rebounds and 1.4 assists in 15.5 minutes. He’ll add depth behind starting shooting guard Anthony Edwards.

Brown, 23, played a prominent role for Los Angeles last season, appearing in 76 games, including 45 starts. He averaged 7.1 points and 4.1 rebounds in 24.5 minutes and made a career-best 38.1% of his 3-point attempts. The 6’6” Brown previously played for Washington and Chicago and could start or play a second-unit role with the Timberwolves.

In essence, he swapped places with former Timberwolves forward Taurean Prince, who agreed to a one-year deal with the Lakers.

Gabe Vincent Signs Three-Year Contract With Lakers

June 30th, 2023 at 6:24pm CST by Luke Adams

JULY 6: Vincent is officially a Laker, having formally signed his new contract, according to the team (Twitter link).

JUNE 30: Free agent point guard Gabe Vincent will leave the Heat for the Lakers, according to Shams Charania of The Athletic (Twitter link), who reports that Vincent has agreed to a three-year, $33MM contract with Los Angeles.

Miami, wary of increasing the team’s projected tax bill, had offered Vincent a three-year deal that started at $7.7MM, tweets Barry Jackson of The Miami Herald. The Lakers will give him an $11MM annual salary, presumably using a significant portion of their non-taxpayer mid-level exception.

The deal will be fully guaranteed with no player or team option on the third year, tweets Jake Fischer of Yahoo Sports.

Vincent, 27, began the 2022/23 season as rotation player off the Heat’s bench, but was elevated to the starting lineup in early February due to a Kyle Lowry injury. On the year, he averaged 9.4 PPG, 2.5 APG, and 2.1 RPG with a .402/.334/.872 shooting line in 68 regular season games (25.9 MPG).

Vincent held onto his starting job during the Heat’s run to the NBA Finals and played well in the postseason. Notably, he averaged 13.8 PPG and shot .438/.426/.909 in the Heat’s final two series vs. the Celtics and Nuggets, despite spraining his ankle vs. Boston.

Even after agreeing to sign Vincent, Los Angeles still has interest in bringing back point guard D’Angelo Russell, tweets Jovan Buha of The Athletic. However, Buha expects Vincent’s deal means that Dennis Schröder won’t be back with the team.

Vincent was the No. 23 free agent on our top-50 list.

Raptors Re-Sign Jakob Poeltl To Four-Year Contract

June 30th, 2023 at 6:00pm CST by Dana Gauruder

JULY 6: The Raptors have officially re-signed Poeltl, the team announced today in a press release.

“Jakob brought an immediate presence on the floor when he returned to us last season. He’s a smart, hard-nosed rim protector,” Raptors president Masai Ujiri said in a statement. “We have been strong believers in Jakob as a player and as an individual since day one, and we are thrilled that he will be a Raptor for years to come.”

JUNE 30: The Raptors accomplished one of their offseason priorities, as they reached a four-year agreement with center Jakob Poeltl, according to ESPN’s Adrian Wojnarowski (Twitter link).

The contract is worth $80MM and includes a player option in the fourth year.

Toronto was intent on retaining Poeltl after re-acquiring him from the Spurs last season. Poeltl, who played his first two seasons with Toronto before a 4 1/2-year stint with San Antonio, averaged 13.1 points, 9.1 rebounds, 2.2 assists, 1.3 blocks and 1.2 steals in 26 games with the Raptors last season.

Poeltl stabilized a position that had been in flux for several seasons. The Rockets and Spurs were reported to have interest in Poeltl, 27, but he obviously felt comfortable staying with the Raptors in the prime of his career.

Bucks, Khris Middleton Agree To Three-Year Deal

June 30th, 2023 at 5:54pm CST by Luke Adams

The Bucks and Khris Middleton are in agreement on a lucrative new deal, according to Adrian Wojnarowski of ESPN (Twitter link), who hears from Middleton’s agents Mike Lindeman and Jeff Schwartz that the star forward will sign a three-year, $102MM contract to remain in Milwaukee.

Middleton turned down a $40.4MM player option in order to secure a more significant overall financial commitment, though he’ll accept a lower salary in 2023/24. That reduction should help the Bucks’ luxury tax situation in the short term.

One of the NBA’s most underappreciated players for years, Middleton averaged at least 20 points in four of five seasons and made three All-Star teams from 2017-22. Unfortunately, his contract year was a forgettable one, with Middleton limited to 33 games due to injuries as his scoring rate (15.1 PPG) and shooting percentages (.436 FG%, .315 3PT%) dipped significantly.

The 31-year-old wing looked more like himself in five playoff games (23.8 PPG, 6.4 RPG, 6.2 APG, .465/.406/.867 shooting) and felt confident enough about his earning potential this summer to decline his player option. The bet paid off, with Middleton landing another nine-figure contract.

A former second-round pick (39th overall in 2012), Middleton was drafted by Detroit, spending his rookie year with the club. He was traded to Milwaukee in the summer of 2013 and has spent the past decade building the team’s culture and winning habits alongside two-time MVP Giannis Antetokounmpo, who was a rookie during Middleton’s first year with the Bucks.

Middleton was instrumental to the Bucks’ championship campaign in ’20/21, averaging 23.6 PPG, 7.6 RPG, 5.1 APG and 1.5 SPG in 23 playoff games (40.1 MPG). Both sides will be hoping he continues his playoff form over the next three seasons.

Rory Maher contributed to this story.

Jevon Carter Signs Three-Year Deal With Bulls

June 30th, 2023 at 5:49pm CST by Dana Gauruder

JULY 10: The signing is official, according to a team press release.

JUNE 30: Guard Jevon Carter is joining the Bulls on a three-year deal, ESPN’s Adrian Wojnarowski tweets. The Bulls are using a portion of their $12.4MM mid-level exception to secure Carter’s services.

Woj says the deal is worth $20MM, while Chris Haynes of TNT and Bleacher Report say it’s around $19MM (Twitter link), so there may be incentives within the deal. Chicago is now projected to be $9MM below the luxury tax and are hard-capped, ESPN’s Bobby Marks tweets. The Bulls are also $15MM below the first tax apron.

Carter is coming off a career year in which he appeared in all but one of Milwaukee’s regular-season games. The defensive-minded Carter started 39 of those games. Overall, he averaged 8.0 points, 2.5 rebounds and 2.4 assists.

Carter entered the free agent market by declining his $2.24MM option. Financially, it was obviously the right move for Carter, who now joins a seemingly crowded Bulls backcourt, depending on their other moves this offseason. Chicago has also reached an agreement with its own free agent guard, Coby White.

Cavaliers Sign Georges Niang To Three-Year Contract

June 30th, 2023 at 5:46pm CST by Luke Adams

JULY 6: Niang is officially a Cavalier, having formally signed his new contract with the team, per a press release.

JUNE 30: The Cavaliers and forward Georges Niang have agreed to a three-year contract worth $26MM, agents Mark Bartelstein and Andy Shiffman tell Adrian Wojnarowski of ESPN (Twitter link). The deal will be fully guaranteed, tweets Jake Fischer of Yahoo Sports.

Niang is one of the NBA’s best shooters, having made at least 40% of his three-point attempts in each of the last five seasons. While he’s not a great defender or rebounder, the 30-year-old will help space the floor for the Cavaliers, who had been in the market for frontcourt shooting.

Unless the Cavs work out a sign-and-trade agreement with Philadelphia, Niang’s former team, this signing will come out of Cleveland’s non-taxpayer mid-level exception and will hard-cap them at $172.3MM for the 2023/24 season.

As Bobby Marks of ESPN tweets, the Cavs – who also reached a contract agreement with Caris LeVert, are still projected to be about $13.5MM below the tax and $20.5MM below the first apron, so they have some flexibility to continue making moves. They’re still looking into the possibility of acquiring free agent swingman Max Strus via sign-and-trade, tweets Jake Fischer of Yahoo Sports.

Suns Sign Four Free Agents

June 30th, 2023 at 5:32pm CST by Dana Gauruder

JULY 11: The Suns have officially signed Okogie, Gerald Bourguet of PHNX Sports tweets.

“Josh plays with relentless energy. His grit, intensity and athleticism are vital to the success of our team,” Jones said in a statement. “He consistently makes winning plays on both ends of the floor. He is truly unique.”

JULY 7: After officially signing Eubanks and Bates-Diop earlier in the week, the Suns have finalized Lee’s deal as well, per a press release.

“Damion’s elite three-point shooting, championship experience and toughness help elevate our team,” general manager James Jones said in a statement. “His leadership and professionalism are pivotal as we pursue an NBA title.”

JUNE 30: The Suns have reached agreements with four free agents, including two of their own.

Forward Josh Okogie is re-signing with the Suns, Chris Haynes of TNT and Bleacher Report tweets. Guard Damion Lee is also returning on a two-year deal with a player option for the second season, ESPN’s Adrian Wojnarowski tweets.

Power forward Drew Eubanks is leaving the Trail Blazers to sign a two-year deal with a player option, The Athletic’s Shams Charania tweets. Spurs forward Keita Bates-Diop is signing with Phoenix on a two-year, $5MM contract that also features an option, Wojnarowski tweets. Bates-Diop will have a chance to earn a starting spot — presumably, he’ll battle Okogie to start alongside Kevin Durant.

Okogie started in 26 of 72 regular-season games last season for the Suns, averaging 7.3 points and 3.5 rebounds in 18.8 minutes. He also started in half of their 10 postseason games.

Lee saw action in 74 of Phoenix’s regular-season games and averaged 8.2 points in 20.4 minutes. He made a career-best 44.5% of his 3-point attempts.

Eubanks averaged 6.6 points and 5.4 rebounds in 20.3 minutes while appearing in 78 of Portland’s games, including 28 starts. He figures to play backup minutes at power forward and perhaps center. Bates-Diop started 42 of the 67 games in which he played for San Antonio last season. He averaged a career-best 9.7 points and 3.7 rebounds in 21.7 minutes.

Pacers Sign Bruce Brown To Two-Year Contract

June 30th, 2023 at 5:23pm CST by Luke Adams

JULY 6: Brown has officially signed with the Pacers, the team announced today (via Twitter).

JUNE 30: Fresh off a championship run with the Nuggets, Bruce Brown is leaving Denver for Indiana, per Alex Golden of Setting The Pace (Twitter link).

Brown is getting a significant pay raise from the Pacers, according to Adrian Wojnarowski and Malika Andrews of ESPN (Twitter link). He’ll sign a two-year contract worth $45MM, agents Ty Sullivan and Steven Heumann tell ESPN’s duo.

According to Dustin Dopirak of The Indianapolis Star (Twitter link), Brown’s new deal will include a second-year team option, so it sounds like only the first year will be guaranteed. Still, it’s a huge pay bump for Brown, who had only earned a total of $15MM across his first five NBA seasons.

Having signed with the Nuggets last summer following a two-year stint in Brooklyn, Brown 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 held his Non-Bird rights, which limited their maximum offer to about $7.8MM, a 20% raise on his previous $6.5MM salary. The club reportedly made that offer, but it didn’t come close to the deal the Pacers put on the table.

Brown was the No. 14 free agent on our top-50 list. His deal will come out of Indiana’s cap room. The team still projects to have nearly $15MM in space after accounting for Brown’s contract, tweets Yossi Gozlan of HoopsHype.

Bulls Re-Sign Coby White To Three-Year Deal

June 30th, 2023 at 5:20pm CST by Rory Maher

July 7: White’s deal is now official, the Bulls announced in a press release.

June 30: Restricted free agent guard Coby White is re-signing with the Bulls, agreeing to a three-year, $33MM contract, sources tell Shams Charania of The Athletic (Twitter link).

ESPN’s Adrian Wojnarowski reports (via Twitter) the deal is worth $40MM, with K.C. Johnson of NBC Sports Chicago clarifying (Twitter link) that it could “potentially” be worth $40MM. That implies there will be incentives in the contract that could increase the value.

Jake Fischer of Yahoo Sports was first to report that White was likely to return to Chicago on a three-year deal worth north of $30MM. Chicago made White a restricted free agent on Wednesday by extending him a $7,744,600 qualifying offer.

White is entering his fifth NBA season after being drafted by the Bulls with the No. 7 overall pick in 2019. He appeared in 74 games (two starts) last season, averaging 9.7 PPG, 2.8 RPG and 2.7 APG with a .443/.372/.871 shooting line in 23.4 MPG.

Several of those counting stats from ’22/23 represented career lows for White. However, he’s only 23 years old and improved in key developmental areas last season, including defense, ball-handling, decision-making and passing.

White figures to receive regular minutes again in ’23/24 with Lonzo Ball‘s status very much up in the air. Ball unfortunately had a third knee surgery that may sideline him all of next season — if not indefinitely.