Transactions Rumors | Hoops Rumors

Thunder Acquire No. 11 From Knicks, Select Ousmane Dieng

June 23rd, 2022 at 9:33pm CST by Dana Gauruder

9:33pm: Commissioner Adam Silver officially announced the trade between the Thunder and Knicks on the NBA’s draft broadcast.

According to Silver, New York is receiving three conditional future first-round picks in the deal. Shams Charania of The Athletic provides more details, tweeting that New York is acquiring the Nuggets’ 2023 first-rounder (top-14 protected), the Pistons’ 2023 first-rounder (top-18 protected), and the Wizards’ 2023 first-rounder (top-14 protected).

It appears the Denver pick will be re-routed to Charlotte in a salary-dump deal involving Kemba Walker.

8:13pm: The Knicks selected French forward Ousmane Dieng with the No. 11 pick in tonight’s draft, but he won’t play for them.

New York is trading Dieng to the Thunder, according to Shams Charania of The Athletic (Twitter link). Oklahoma City is sending the Knicks multiple first-round picks in the deal, per ESPN’s Adrian Wojnarowski (Twitter link).

That gave the Thunder back-to-back picks, since they also owned the No. 12 selection via the Clippers. That pick isn’t part of the trade with the Knicks, Wojnarowski tweets. OKC used that pick on wing Jalen Williams from Santa Clara.

Dieng, who played last season with the New Zealand Breakers, is considered the top international prospect in the draft and will give OKC another lengthy big man to pair up with No. 2 pick Chet Holmgren.

New York tried in vain to move up and acquire guard Jaden Ivey and ultimately decided to move down in the draft. By trading out of the first round, the Knicks reduce their salary cap obligations for this year, giving them more elbow room to dump salary if needed for another trade, perhaps as soon as a few days from now, cap expert Nate Duncan tweets.

Cavaliers Acquire 49th Pick From Kings

June 23rd, 2022 at 3:13pm CST by Arthur Hill

3:13pm: The Kings have officially announced the trade, reports Sean Cunningham of Fox 40 KTXL (via Twitter).

11:59am: The Cavaliers will pick up a second-round draft choice in a trade with the Kings, tweets ESPN’s Adrian Wojnarowski. Cleveland will send the draft rights to Sasha Vezenkov to Sacramento in exchange for pick No. 49 in tonight’s draft.

The Cavs will also ship $1.75MM to the Kings in the deal, according to Chris Fedor of Cleveland.com (Twitter link).

Cleveland now has three second-round picks at 39, 49 and 56, along with a first-rounder at No. 14. The Kings are left with picks No. 4 and 37.

Vezenkov, a 26-year-old forward, was a first-team All-EuroLeague selection this season, Wojnarowski notes. He has played for Olympiacos in Greece for the last several seasons and averaged 13.8 PPG and 5.6 RPG on .547/.388/.840 shooting in 31 EuroLeague games (29.6 MPG) in 2022/23.

Vezenkov was drafted by the Nets with the 57th pick in 2017, and his NBA rights were sent to Cleveland in the 2021 James Harden trade.

Lakers Acquire No. 35 Pick From Magic

June 23rd, 2022 at 2:04pm CST by Arthur Hill

2:04pm: The trade is complete, the Magic confirmed in a press release (Twitter link). In 2028, Orlando will receive either the Lakers’ or the Wizards’ second-round pick, whichever is better.

It’s unclear how much cash changed hands in the deal, but it will be no more than $2.15MM, since the Magic were prohibited from receiving more than that in a trade for the remainder of the 2021/22 league year.

12:54pm: The Lakers will trade into the second round of tonight’s draft by acquiring the 35th pick from the Magic in exchange for cash and a future second-rounder, tweets ESPN’s Adrian Wojnarowski.

Orlando will receive a second-round pick in 2028, sources tell Khobi Price of The Orlando Sentinel (Twitter link).

The Lakers had been trying to land a draft pick and are now in position to grab any projected late first-rounders who slide a few spots. Wendell Moore, Christian Braun and Caleb Houstan may be names to watch, according to Kevin O’Connor of The Ringer (Twitter link).

The trade leaves the Magic with picks No. 1 and 32.

Cavs Exercise Dean Wade’s 2022/23 Option

June 22nd, 2022 at 3:03pm CST by Luke Adams

The Cavaliers have exercised their team option on forward Dean Wade for the 2022/23 season, league sources tell Kelsey Russo of The Athletic (Twitter link).

The decision was an easy one for the Cavs, since Wade’s option is worth just $1,930,681 and remains non-guaranteed even now that it has been picked up. That means Cleveland could waive the 25-year-old later in the offseason without being on the hook for his 2022/23 salary.

However, Wade appears to have earned a spot in the Cavs’ plans for next season. He has been a regular rotation player for the team during the last two years, averaging 5.7 PPG, 3.2 RPG, and 1.1 APG on .441/.363/.725 shooting in 114 games (19.2 MPG) during that stretch. While those numbers won’t earn him All-Star consideration, they’re solid for a reserve on a minimum-salary contract.

With Wade’s option exercised, the Cavs now have nine players on guaranteed salaries for next season and two (Wade and Lamar Stevens) on non-guaranteed deals. Even if the club brings back all 11 of those players and re-signs Collin Sexton, there will be multiple spots to fill on next year’s 15-man roster.

Our team option decision tracker can be found right here.

Bucks’ Pat Connaughton Opts In For 2022/23

June 22nd, 2022 at 2:03pm CST by Luke Adams

Bucks swingman Pat Connaughton has decided to exercise his player option for 2022/23, putting off free agency for another year, according to Adrian Wojnarowski of ESPN (Twitter link). Having opted in, Connaughton will assure himself of a $5,728,393 salary for next season.

Connaughton, 29, had the best season of his seven-year career in 2021/22, averaging 9.9 points, 4.2 rebounds, and 1.3 assists per game in 65 appearances (26.0 MPG). He also established new career highs in three-pointers per game (2.2) while knocking them down at a 39.5% clip. Connaughton’s emergence on the wing was one factor in the Bucks’ decision to trade Donte DiVincenzo at the 2022 deadline.

Connaughton’s option decision comes as a bit of a surprise, since he likely could’ve earned a raise if he had chosen to test the open market. John Hollinger of The Athletic (Twitter link) says he felt Connaughton was worth twice as much as his $5.7MM salary and got the sense that a number of teams agreed.

Now that his option has been exercised, Connaughton will be eligible to sign a contract extension for up to four years and approximately $59MM. As Hollinger notes in a follow-up tweet, it’s possible the veteran wing and the Bucks have already discussed the possibility of an extension and reached a mutual understanding contingent on Connaughton opting in.

Theoretically, the Bucks could commit to paying Connaughton the same amount over the next few seasons with an opt-in and extension as they would have if he’d opted out and signed a new free agent contract. Locking in a lower ’22/23 salary should benefit Milwaukee financially, with team salary projected to be well over the luxury tax line next season.

Connaughton had been the No. 20 player on our list of 2022’s top 50 free agents. If you enter our free agent prediction contest and select the Bucks as his destination, you’ll earn a free point.

Bradley Beal To Decline Option, Enter Free Agency

June 21st, 2022 at 9:56pm CST by Dana Gauruder

Bradley Beal will decline his $36.4MM player option in order to become an unrestricted free agent, Michael Scotto of Hoops Hype reports via a source.

It’s long been anticipated that Beal would decline the option and sign a long-term deal. He indicated in both March and May that he was leaning toward re-signing with the Wizards.

Beal, who missed the final 33 games of the season because of an injured left wrist, is eligible for a new five-year contract with the Wizards worth a projected $247MM+. The most a rival team could offer him in free agency would be a projected $183.6MM over four years.

Beal offered a cryptic reply to the report on Twitter, stating “Wait huh? Lol.”

He said the recovery process from the wrist injury is going well and estimates that 80-90% of his range of motion has returned. He averaged 23.2 PPG, 6.6 APG, and 4.7 RPG across 40 contests, on .451/.300/.833 shooting.

Beal has been the subject of trade rumors for years but has so far remained loyal to Washington. Presuming he re-signs with the Wizards, he’ll get a chance to play a full season with midseason acquisition Kristaps Porzingis. Beal’s backcourt partner for next season remains a mystery — Washington is expected to clear its logjam at the forward spots and seek to improve its backcourt situation. The team also holds a lottery pick at the No. 10 spot.

Kendrick Nunn Exercises 2022/23 Player Option

June 21st, 2022 at 3:54pm CST by Luke Adams

Lakers guard Kendrick Nunn has elected to pick up his player option for the 2022/23 season, sources tell Dave McMenamin of ESPN (Twitter link).

We knew this was coming, since Nunn referred to the decision as a “no-brainer” back in April. The option, which will pay Nunn a salary of $5.25MM, has been officially exercised, according to RealGM’s transactions log.

After spending two-plus seasons in Miami, Nunn signed a two-year, $10.25MM deal with the Lakers during the 2021 offseason, but a knee issue sidelined him for the entire ’21/22 campaign. The injury was one of many factors that contributed to Los Angeles’ struggles this past year, as the team didn’t get anything out of the player it used its mid-level exception to sign.

Nunn is expected to be on the trade block this offseason and may never end up appearing in a regular season game for the Lakers. But if he returns and if he’s fully healthy, he could still be an asset in L.A.’s backcourt.

The 26-year-old averaged 15.0 PPG, 3.0 APG, and 2.9 RPG on .458/.364/.881 shooting in 123 games (29.4 MPG) with Miami from 2019-21.

With Nunn’s salary locked in, the Lakers will have four players on guaranteed contracts for next season — LeBron James, Anthony Davis, Talen Horton-Tucker, and Nunn. We can safely pencil in Russell Westbrook to that group too, since there’s virtually no chance he’ll turn down his $47MM+ player option. Austin Reaves (non-guaranteed contract) and Stanley Johnson (team option) are also good bets to return, but L.A. will still need to fill out about half its roster, with limited resources to do so.

Our player option decision tracker can be found right here.

Rockets’ John Wall Opts In For 2022/23

June 21st, 2022 at 3:19pm CST by Luke Adams

Rockets guard John Wall has exercised his player option for the 2022/23 season, with agent Rich Paul informing the team of the decision, per Shams Charania of The Athletic (Twitter link).

The move had long been expected, since the option will pay Wall a salary of $47,366,760 next season after he didn’t play a single game for Houston in 2021/22. There was no chance he’d come close to matching that figure if he opted out to become an unrestricted free agent.

Although Wall is now officially under contract for 2022/23, it’s unlikely that he’ll spend another full season under contract with the Rockets and away from the team. Charania reports (via Twitter) that the two sides are expected to make an effort to resolve Wall’s situation in the “near future.”

The Rockets would love to find a trade partner willing to acquire Wall, but his exorbitant cap hit will make it virtually impossible without attaching an asset or two, which the rebuilding club has no interest in doing.

There were some rumors leading up to the 2022 trade deadline about a possible swap of Wall and Russell Westbrook, but Houston reportedly sought a first-round pick in those talks, which the Lakers weren’t willing to surrender. I wouldn’t count on L.A.’s stance changing this summer.

Assuming the Rockets can’t find a taker for Wall, the two sides are expected to explore buyout talks. As Michael Scotto of HoopsHype reported in April, the 31-year-old would like to have a role on a winning team, if possible.

Wall last suited up for the Rockets in 2020/21, when he averaged 20.6 points, 6.9 assists, and 3.2 rebounds in 40 games (32.2 MPG). His shooting line that season was just .404/.317/.749.

Raptors’ Mykhailiuk Exercises 2022/23 Player Option

June 21st, 2022 at 1:31pm CST by Luke Adams

Raptors guard Svi Mykhailiuk has exercised his player option for the 2022/23 season, reports Keith Smith of Spotrac (Twitter link). It’s a minimum-salary option that will pay Mykhailiuk $1,878,720.

Mykhailiuk, 25, signed with the Raptors last summer after spending his first three NBA seasons with the Lakers, Pistons, and Thunder. He played a limited role in Toronto, averaging 4.6 PPG and 1.6 RPG with a career-worst .306 3PT% in 56 games (12.8 MPG) and falling out of the rotation by January.

The former Kansas Jayhawk showed an ability to knock down three-pointers more consistently during his first three years in the NBA, making 36.2% of his attempts from beyond the arc during that time.

Now that Mykhailiuk is locked in for next season, the Raptors have nine players on guaranteed salaries, plus Dalano Banton and Armoni Brooks on partial guarantees.

However, if Mykhailiuk isn’t in Toronto’s plans going forward, it’s possible he could be traded or even waived at some point this offseason. Given his modest cap hit, it shouldn’t be all that difficult to find a taker if the Raptors take that path.

Pistons’ Cory Joseph Opting In For 2022/23

June 21st, 2022 at 10:19am CST by Luke Adams

Pistons point guard Cory Joseph will pick up his player option for 2022/23, league sources tell Chris Haynes of Yahoo Sports (Twitter link). The decision will lock in Joseph’s $5,155,500 salary for next season.

An 11-year veteran who has appeared in over 700 regular season games, Joseph had a productive 2021/22 season in Detroit, averaging 8.0 PPG, 3.6 APG, and 2.7 RPG with a .445/.414/.885 shooting line in 65 games (24.6 MPG). He started a career-high 39 contests, with most of those starts coming alongside Cade Cunningham as the two point guards exhibited an ability to play alongside one another.

While it’s possible Joseph could have matched his option salary or gotten a multiyear deal as a free agent, the fact that he opted for the guaranteed money suggests that his market may not have been especially hot.

Given Joseph’s solid production in a rotation role in 2021/22, Detroit could simply bring the 30-year-old back for next season. However, he doesn’t really fit the young team’s timeline, and the Pistons have been linked to free agents such as Jalen Brunson and Dennis Schröder in recent weeks, which suggests they may not envision as significant a role for Joseph going forward.

As such, it wouldn’t be surprise if Joseph emerges as a trade candidate once he officially opts in — playoff teams in need of a reliable backup point guard would likely have interest.

Joseph had been the No. 41 player on our list of this year’s top 50 free agents. Since he’s opting in, he’ll be removed from that list, but he remains a part of our free agent prediction contest. If you’re entering that contest, be sure to list Joseph’s destination as Detroit to earn a free point, even if he’s traded later in the offseason.

All of this year’s player option decisions can be found right here.