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Lakers Sign Malik Monk

August 3rd, 2021 at 2:11pm CST by Luke Adams

AUGUST 6: The Lakers have officially signed Monk, per a team release.

AUGUST 3: The Lakers are poised to add another sharpshooter to their roster, having agreed to a deal with free agent guard Malik Monk, according to ESPN’s Adrian Wojnarowski (Twitter link). It’s believed to be a minimum-salary contract, tweets Keith Smith of Spotrac.

Monk, a former 11th overall pick, struggled in his first three NBA seasons, making just 32.2% of his three-point attempts and serving a drug-related suspension in 2020. However, he emerged as a reliable role player in 2020/21, averaging 11.7 PPG on .434/.401/.819 shooting in 42 games (20.9 MPG).

The Hornets opted not to tender Monk a $7MM+ qualifying offer over the weekend, making him an unrestricted free agent and ensuring that a team like the Lakers can sign him outright without having to worry about an offer being matched.

After nearly acquiring Buddy Hield in a trade with Sacramento last week, the Lakers pivoted and agreed to acquire Russell Westbrook instead, creating a major need for shooting on the wing.

The team began to address that need by agreeing to minimum-salary deals with Wayne Ellington, Kent Bazemore, and Trevor Ariza on day one of free agency. Monk will give the Lakers another option for spacing the floor around their stars.

Lakers Sign Carmelo Anthony To One-Year Deal

August 3rd, 2021 at 2:09pm CST by Luke Adams

AUGUST 6: Anthony’s deal with the Lakers is now official, according to a press release from the team.

AUGUST 3: Carmelo Anthony will be teaming up with Russell Westbrook, Anthony Davis, and LeBron James in Los Angeles, according to ESPN’s Adrian Wojnarowski (Twitter link), who hears from Anthony’s manager Bay Frazier that the veteran forward has agreed to sign a one-year contract with the Lakers.

Anthony has confirmed the news in a video announcement on Twitter. He’ll get a minimum-salary contract.

Anthony was said to be weighing interest from both the Lakers and Knicks on the first day of free agency and ultimately opted to team up with his close friend James for the first time rather than pursuing a second stint in New York.

After consistently averaging 20+ points per game earlier in his NBA career, the 37-year-old forward has transitioned into a complementary role in Portland over the last two seasons.

He averaged 13.4 PPG and 3.1 RPG on .421/.409/.890 shooting in 69 games (24.5 MPG) for the Blazers in 2020/21, accepting a full-time role off the bench for the first time in his career.

The Lakers have been busy filling out their rotation around their stars since free agency began less than 24 hours ago. So far the team has come to terms with Anthony, Malik Monk, Kent Bazemore, Trevor Ariza, Wayne Ellington, and Dwight Howard.

Pelicans Sign Didi Louzada To Four-Year Contract

August 3rd, 2021 at 1:54pm CST by JD Shaw

AUGUST 13: The Pelicans have officially re-signed Louzada, per NBA.com’s transactions log.

AUGUST 3: The Pelicans have agreed to a new four-year contract with swingman Didi Louzada, according to ESPN’s Adrian Wojnarowski (Twitter link).

New Orleans had been hoping to keep Louzada after declining his $1.5MM team option for 2021-22 last weekend. By declining the option and re-signing him on a new deal, the team now has the ability to keep him for years to come.

Louzada, 22, was the No. 35 pick in 2019. He signed with New Orleans toward the end of last season after spending two years overseas, appearing in three games.

The Pelicans finished the 2020/21 season with a 31-41 record — the 11th best in the Western Conference. The franchise parted ways with head coach Stan Van Gundy at the end of the campaign, hiring former NBA guard Willie Green in his place.

Nets Sign Patty Mills To Two-Year Deal

August 3rd, 2021 at 1:47pm CST by Luke Adams

AUGUST 10: Mills’ contract with the Nets is now official, the team announced today in a press release.

AUGUST 3: The Nets have agreed to sign free agent guard Patty Mills to a two-year, $12MM contract, agent Steven Heumann tells Adrian Wojnarowski of ESPN (Twitter link).

The deal will feature a second-year player option, according to Wojnarowski. Given Brooklyn’s cap situation, the team will complete the signing using the taxpayer version of the mid-level exception. As we outlined earlier today, a two-year deal worth the full taxpayer’s MLE is worth about $12.07MM.

Mills, who will turn 33 next Wednesday, had been one of the few players in the NBA who had spent the last decade with the same team, having made his Spurs debut way back in 2011.

He has been a reliable and consistent bench contributor for San Antonio during that stretch, knocking down 38.9% of his three-point attempts and never making fewer than 34.1% in a single season. In 2020/21, Mills averaged 10.8 PPG and 2.4 APG on .412/.375/.910 shooting in 68 games (24.8 MPG).

Nets general manager Sean Marks played alongside Mills in Portland during the 2010/11 season and then was in San Antonio’s front office and on the Spurs’ coaching staff during Mills’ first few years with the team, so he’s very familiar with the veteran guard.

The Spurs have been shifting more into rebuilding mode within the last couple years, so it made sense for Mills to seek out a contract with a contender. He had been a popular target on the free agent market, with the Lakers and Warriors among the other teams believed to be pursuing him.

The Nets’ willingness to use their full taxpayer mid-level on the veteran guard reflects how much they like him, as the deal will cost the team exponentially more in cap penalties than the $5.89MM Mills will earn in 2021/22. Bobby Marks of ESPN tweets that the signing will increase Brooklyn’s projected tax bill from $92.6MM to $121.8MM.

Suns Re-Sign Abdel Nader

August 3rd, 2021 at 1:35pm CST by Luke Adams

AUGUST 6: Nader’s deal is now official, the Suns announced in a press release.

AUGUST 3: The Suns and Abdel Nader are in agreement on a two-year, $4.2MM deal that will ensure the forward remains in Phoenix, agent Cervando Tejeda tells Shams Charania of The Athletic (Twitter link).

Nader, the 58th overall pick in the 2016 draft, was sent last offseason from Oklahoma City to Phoenix in the blockbuster Chris Paul deal. While he didn’t exactly make the impact that the Suns’ other acquisition in that trade did, Nader played well in limited rotation minutes, averaging 6.7 PPG and 2.6 RPG on .491/.419/.757 shooting in 24 games (14.8 MPG).

Nader dealt with some health issues this season and underwent arthroscopic surgery on his right knee in late April. He was cleared to return to action late in Phoenix’s postseason run.

A two-year, minimum-salary contract for Nader would be worth about $3.8MM, so it’s possible the Suns were willing to go a little higher than that using the 27-year-old’s Bird rights to make sure he remains on the roster. It’s also possible this is some generous rounding at work and Nader’s deal is actually worth the minimum. We’ll keep an eye out for further confirmation.

Magic Sign Robin Lopez To One-Year Contract

August 3rd, 2021 at 1:29pm CST by JD Shaw

AUGUST 6: The Magic have officially signed Lopez, according to an announcement from the team.

AUGUST 3: The Magic are signing veteran free agent center Robin Lopez to a one-year, $5MM deal, according to ESPN’s Adrian Wojnarowski (Twitter links). The 33-year-old is coming off a stint with the Wizards.

Lopez provides Orlando with a locker room presence, joining the likes of Wendell Carter Jr. (22 years old) and Mohamed Bamba (23 years old) at the center position. He was drafted No. 15 overall in 2008 after playing two collegiate seasons at Stanford.

In 71 games with Washington last season, Lopez averaged nine points, 3.8 rebounds and 19.1 minutes per contest. He’s also made stops with Phoenix, New Orleans, Portland, New York, Chicago and Milwaukee throughout his 15-year NBA career.

The Magic also signed lottery picks Jalen Suggs and Franz Wagner to their rookie contracts on Tuesday. As Bobby Marks of ESPN notes (via Twitter), Orlando will use part if its $9.5MM midlevel exception to sign Lopez and still owns a $17.2MM trade exception.

Magic Sign Jalen Suggs, Franz Wagner To Rookie Contracts

August 3rd, 2021 at 12:59pm CST by Arthur Hill

The Magic have signed lottery picks Jalen Suggs and Franz Wagner to their first NBA contracts, the team announced (via Twitter).

Suggs, a freshman guard out of Gonzaga, was expected to be a top four pick, but slid to Orlando at No. 5 on draft night. He will make about $6.59MM in his first season, assuming he receives the maximum 120% of the rookie scale.

Suggs was a standout player for the Zags, who went undefeated until the NCAA championship game, averaging 14.4 points, 5.3 rebounds and 4.5 assists in 30 games. He figures to make an immediate impact on the Magic’s young backcourt.

Wagner, the eighth overall pick, will make about $5MM as a rookie. He averaged 12.5 PPG and 6.5 RPG as a sophomore at Michigan.

Knicks To Re-Sign Taj Gibson

August 3rd, 2021 at 12:30pm CST by Arthur Hill

Taj Gibson will re-sign with the Knicks for another year, tweets Ian Begley of SNY.tv. Gibson will be a veteran’s minimum deal worth about $2.64MM.

The 36-year-old center/power forward is a favorite of coach Tom Thibodeau and was with him in Chicago and Minnesota as well.

Gibson played for the Knicks in 2019/20, then returned to the team in early January and was part of the frontcourt rotation for the rest of the season, averaging 5.4 points and 5.6 rebounds in 45 games.

Gibson is the Knicks’ fourth free agent to commit to staying with the team, joining Derrick Rose, Alec Burks and Nerlens Noel. The club is also adding Evan Fournier on a four-year deal.

Since Gibson’s new deal will be worth the minimum, the Knicks can use up all their cap room before going over the cap to finalize the signing.

James Johnson Signs With Nets

August 3rd, 2021 at 11:27am CST by Arthur Hill

AUGUST 6: The Nets and Johnson have made it official, per a team press release.

AUGUST 3: Free agent forward James Johnson will join the Nets on a one-year deal, tweets Adrian Wojnarowski of ESPN.

Johnson, 34, divided last season between the Mavericks and Pelicans, averaging a combined 7.2 points and 3.5 rebounds in 51 games.

Johnson is known for his toughness, size, and length, which allows him to guard multiple positions and comfortably switch on defense. He will provide another veteran big man off the bench for Brooklyn, which is losing Jeff Green to the Nuggets.

With the Nets already in luxury tax territory, Johnson’s deal is likely for the veteran’s minimum.

Bucks Sign Rodney Hood

August 3rd, 2021 at 11:21am CST by Arthur Hill

AUGUST 6: Hood, who was cut by the Raptors on Tuesday and cleared waivers on Thursday, has officially signed with the Bucks, according to the team (Twitter link).

AUGUST 3: Rodney Hood will sign a one-year deal with the Bucks, tweets ESPN’s Adrian Wojnarowski.

Hood is still on the Raptors‘ roster after agreeing last week to delay his salary guarantee date until today. Toronto plans to release Hood, who will sign with Milwaukee after clearing waivers, Woj adds (Twitter link).

The 28-year-old swingman started last season with the Trail Blazers before being shipped to Toronto at the trade deadline. He saw his playing time cut to a career-low 12.7 minutes per game with the Raptors and averaged 3.9 PPG and 1.8 RPG.

In Milwaukee, Hood will help make up for the loss of P.J. Tucker, who is headed to Miami in free agency. Hood’s contract is likely for the veterans minimum, considering the Bucks’ salary situation.