Transactions Rumors | Hoops Rumors

Blazers Acquire No. 43 Pick Greg Brown From Pelicans

July 29th, 2021 at 11:23pm CST by Alex Kirschenbaum

11:23pm: The trade is now official, deputy commissioner Mark Tatum announced on the NBA’s draft broadcast.

The Blazers are sending New Orleans a 2026 second-rounder in the deal, tweets Jason Quick of The Athletic. The Pelicans are also receiving cash considerations, as Lopez tweets.

10:53pm: The Trail Blazers have agreed to acquire the No. 43 pick in the draft from the Pelicans, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that Portland is using its newly-acquired selection to nab Texas power forward Greg Brown. Portland had no picks heading into the night.

Andrew Lopez of ESPN reports (Twitter link) that the Trail Blazers will be sending out a future second-rounder to the Pelicans in exchange for Brown.

The 6’9″ Brown was named to the Big 12 All-Freshman team during his lone year with the Longhorns. Across 26 games, including 24 starts, Brown averaged 9.3 PPG, 6.2 RPG, 1.0 BPG, and 0.6 SPG in just 20.6 MPG.

The Pelicans continue to add to their war chest of future draft equity with the move. They still will have had multiple selections in this draft when the dust settles, having drafted Virginia guard Trey Murphy with the No. 17 pick and Alabama forward Herb Jones with the No. 35 pick.

Luke Adams contributed to this report.

Clippers Acquire No. 33 Pick Jason Preston From Magic

July 29th, 2021 at 11:05pm CST by Arthur Hill

11:05pm: The trade is now official, according to a Magic press release.

10:30pm: The Clippers and Magic have agreed to a trade that will send the rights to No. 33 pick Jason Preston to Los Angeles, reports ESPN’s Adrian Wojnarowski (Twitter link).

According to Wojnarowski, Orlando is receiving a future second-round pick and cash in return for the 33rd overall pick. The second-rounder going to the Magic from L.A. is the Pistons’ pick for 2026, tweets Andrew Greif of The Los Angeles Times.

Preston, 21, built a reputation as a sharpshooter at Ohio University, connecting at 51.4% from the field and 39% from three-point range as a senior while averaging 15.7 points per game. He earned first-team All-MAC honors and was named MVP of the MAC Tournament.

Wizards Trading No. 22 Pick For Aaron Holiday, No. 31

July 29th, 2021 at 9:44pm CST by Alex Kirschenbaum

The Wizards are adding some point guard reinforcements and the Pacers are adding even more promising size, according to Shams Charania of The Athletic.

Charania reports (via Twitter) that Washington is sending the No. 22 draft pick they’re getting from the Lakers – 6’10” Kentucky big man Isaiah Jackson – to Indiana in exchange for point guard Aaron Holiday and the still-undrafted No. 31 selection (which the Pacers are set to acquire from the Bucks for two late second-round picks).

All three transactions – the Lakers/Wizards, Bucks/Pacers, and Wizards/Pacers trades – have yet to be officially announced.

The Wizards have been quite active so far during the 2021 NBA draft. They agreed to acquire Los Angeles’ No. 22 pick, in addition to several veteran role players, in exchange for veteran point guard Russell Westbrook and two future second-round picks earlier today.

J. Michael of the Indianapolis Star, who has previously reported the Pacers’ Holiday trade talks, says the young point guard is “elated” by the move (Twitter link). The youngest Holiday brother playing in the NBA was supplanted by T.J. McConnell as the Pacers’ reserve point guard during the 2019/20 and 2020/21 seasons.

Still on his rookie contract for 2021/22, Holiday will have ample opportunity to get more run in Washington. The 6’0″ Holiday has room to grow. He is still just 24 ahead of his fourth pro season.

Michael adds (via Twitter) that the Pacers are finished making moves in this draft with this move. The club also selected Oregon swingman Chris Duarte with its No. 13 selection. Michael also tweets that he projects free agent McConnell as a “lock” to re-sign with Indiana now.

Wizards Agree To Trade Russell Westbrook To Lakers

July 29th, 2021 at 7:18pm CST by Luke Adams

7:18pm: The Wizards and Lakers have agreed to terms on a Westbrook trade, reports Shams Charania of The Athletic (via Twitter).

In addition to Westbrook, the Lakers will receive a 2024 second-round pick and a 2028 second-rounder in exchange for Kuzma, Harrell, Caldwell-Pope, and the No. 22 pick.

Reports have suggested that the trade isn’t viewed as a precursor a deal involving Beal, who still reportedly wants to remain with the Wizards.

4:49pm: Confirming that the Lakers and Wizards are moving toward a Westbrook deal, Broderick Turner of The Los Angeles Times tweets that there are still ongoing discussions between the two teams about the draft assets involved — the Wizards could end up sending the Lakers a second-round pick, says Turner.

Meanwhile, Jake Fischer of Bleacher Report tweets that a deal may not be officially completed until the new league year begins next week. It could grow into a larger multi-team trade during free agency, Fischer suggests.

4:30pm: The Lakers and Wizards are nearing a deal to trade Westbrook for Kuzma, Caldwell-Pope, Harrell, and L.A.’s No. 22 overall pick, sources tell ESPN’s Adrian Wojnarowski (via Twitter). However, Woj cautions that no agreement is in place yet (Twitter link).

4:20pm: The Lakers and Wizards are engaged in discussions about a possible trade that would send Southern California native and former UCLA star Russell Westbrook back home, according to Shams Charania of The Athletic (Twitter link).

As Charania explains, Westbrook would like to be moved elsewhere and the Lakers are his preferred landing spot. The two teams are talking about a deal that would involve Kyle Kuzma, Kentavious Caldwell-Pope, and Montrezl Harrell, according to Charania (Twitter link), who says the Lakers’ No. 22 pick could also be in play.

The Lakers have also discussed those players and their first-round pick with the Kings in conversations about a possible Buddy Hield trade. It’s hard to see how L.A. would be able to acquire both Westbrook and Hield, so if both Sacramento and Washington are on board with working toward a deal, the Lakers will have to choose which player to pursue.

It sounds for now like Westbrook is the Lakers’ primary focus, according to Charania (Twitter link), who classifies the club’s talks with the Wizards as “serious.”

The Lakers were linked to Westbrook last week, as the team is in the market for a play-making point guard to complement LeBron James and Anthony Davis. If they’re able to complete a deal for Westbrook, it would reduce the Lakers’ need to re-sign Dennis Schröder, though it wouldn’t necessarily create any additional cap obstacles to doing so.

As for the Wizards, if they move forward with trading Westbrook, the big question will be how it affects Bradley Beal, who was rumored to be mulling his future this past week. For what it’s worth, Caldwell-Pope is very close friends with Beal, notes Fred Katz of The Athletic (Twitter link). ESPN’s Adrian Wojnarowski suggests (via Twitter) that the Wizards’ goal would be to keep Beal, using the trade to create some future cap flexibility to continue adding talent around him.

Montrezl Harrell To Exercise 2021/22 Player Option

July 29th, 2021 at 4:13pm CST by Luke Adams

Lakers center Montrezl Harrell is picking up his $9.72MM option for the 2021/22 season, according to ESPN’s Adrian Wojnarowski (Twitter link).

Harrell signed a two-year deal worth the mid-level exception last offseason with the Lakers. That deal included a guaranteed first year and a player option in year two.

The 27-year-old had an up-and-down season in Los Angeles, as his averages dipped to 13.5 PPG and 6.2 RPG following a 2019/20 campaign in which he put up 18.6 PPG and 7.1 RPG and won Sixth Man of the Year honors for the Clippers.

Harrell’s fit with the Lakers wasn’t quite as smooth as it had been with the Clippers. He virtually felt out of the rotation during the playoffs, logging just 39 total minutes in the team’s six-game series vs. Phoenix.

With no guarantee that he’d match or top his option salary on the open market, Harrell is opting in for 2021/22, but he may not be a Laker much longer.

The Kings and Lakers have reportedly made progress on a trade that would send Buddy Hield to L.A. in a package that includes Harrell, the No. 22 pick, and either Kyle Kuzma or Kentavious Caldwell-Pope. That deal hasn’t been agreed to yet, but Harrell’s opt-in clears the path for it to be completed, and there’s been momentum toward that happening, Woj reports (via Twitter).

If Harrell is traded to Sacramento, he’d likely assume the rim-running center role that Richaun Holmes played this past season. The Kings are interested in re-signing Holmes but have limited cap flexibility to do so and will face competition for him on the free agent market.

Sacramento isn’t the only possible destination for Harrell, however. The Lakers have reportedly also gained serious traction on a deal with the Wizards for Russell Westbrook. If L.A. goes in that direction instead, Harrell could join Thomas Bryant in Washington’s frontcourt.

Pelicans Trade No. 53 Pick To Sixers

July 29th, 2021 at 9:22am CST by Luke Adams

9:22am: The Pelicans received $2MM in cash from the Sixers in exchange for the No. 53 pick, reports Shams Charania of The Athletic (Twitter link).

9:10am: The Pelicans have traded the No. 53 pick in Thursday’s draft to the Sixers in exchange for cash considerations, New Orleans announced today (via Twitter).

This sort of deal typically happens during the draft when teams have a better sense of which players will be on the board, but this pick will change hands more than 12 hours before it’s actually used.

The Pelicans still have the 17th, 35th, 43rd, and 51st overall picks in the 2021 NBA draft. The team likely recognized it wouldn’t be making all five selections and decided to make an early move with the lowest of those picks. If New Orleans needs to add a second-rounder as a sweetener in a separate deal, the club still has three picks this year and several in future seasons that would work.

As for the 76ers, they now control the 28th, 50th, and 53rd picks in this year’s draft. If Philadelphia expects to be a taxpayer in 2021/22, using second-round picks on players who will earn the rookie minimum is a good way to ensure the final couple roster spots don’t add substantially to the team’s tax bill. But we’ll have to see what the Sixers have in mind with those second-rounders — it’s possible one or both could be flipped in another deal.

It’s not clear yet how much it cost the 76ers to buy the Pelicans’ pick. The Sixers sent a conditional $2MM to the Thunder in a deal near the start of the 2020/21 league year, so they were capped at sending out about $3.6MM before the ’21/22 league year begins.

Kings Tender Qualifying Offer to Terence Davis

July 27th, 2021 at 8:16pm CST by Eli Cohen

The Kings have officially tendered a qualifying offer to Terence Davis, making him a restricted free agent, reports ESPN’s Adrian Wojnarowski (via Twitter).

As ESPN’s Bobby Marks notes (via Twitter), Davis’ QO is worth nearly $1.9MM. The Kings hold his Early Bird rights, giving the team the ability to offer him a starting salary worth up to about $10.4MM on a deal of at least two years.

While it’s unlikely Davis receives that max number, Jason Anderson of The Sacramento Bee reported earlier this month that the former undrafted free agent is seeking a contract worth upwards of $9MM per year.

Davis averaged 11.1 PPG and 3.7 RPG while shooting over 37% from three in his 27 games with the Kings, and showed some moments of good defensive ability. The Kings are in a tight financial spot, so it will be important for them to figure out how much they value Davis’ contributions as a bench guard should he receive the type of offer he’s looking for.

“It’s looking really good for me. I would say this is some of the best basketball I’ve played in my career, even in college,” Davis said at the end of the season, when asked about the chances of staying with the Kings long-term. “This is a stretch of some of the best games I’ve played in my entire life.”

Hawks’ Kris Dunn To Exercise Player Option

July 27th, 2021 at 3:04pm CST by Luke Adams

Kris Dunn is opting into his contract for next season, according to Shams Charania of The Athletic (Twitter link), who hears from sources that the Hawks guard will pick up his 2021/22 option, worth just over $5MM.

The Hawks signed Dunn last offseason, envisioning him as a player who could share the backcourt with Trae Young and provide stout perimeter defense. However, injury woes derailed Dunn’s first year in Atlanta, as he was sidelined for most of the season while he recovered from ankle surgery.

Dunn made his Hawks debut in late April and ultimately appeared in just four regular season games and five playoff games, primarily in garbage time. In 2019/20, as a Bull, Dunn averaged 7.3 PPG, 3.6 RPG, 3.4 APG, and 2.0 SPG in 51 contests (24.9 MPG).

Although Dunn is now under contract with the Hawks for next season, that doesn’t necessarily mean he’ll be on the club’s opening-night roster in the fall. Chris Kirschner of The Athletic (Twitter link) suggests it wouldn’t be a surprise to see Dunn and his expiring $5MM contract traded during the offseason.

With Dunn’s decision in, we’re still awaiting word on six more player option decisions around the NBA, as our tracker shows.

Nets Issuing Qualifying Offer To Bruce Brown

July 27th, 2021 at 2:52pm CST by Luke Adams

The Nets are tendering a qualifying offer to Bruce Brown, according to Michael Scotto of HoopsHype (Twitter link). The procedural move will ensure that Brown is a restricted free agent this summer.

Brown, who will turn 25 next month, played an important role for the Nets in 2020/21 after being acquired last fall from Detroit. He averaged 8.8 PPG and 5.4 RPG on .556/.288/.735 shooting in 65 games (22.3 MPG) and played tough, versatile defense for Brooklyn.

Because he met the starter criteria, Brown’s qualifying offer is worth approximately $4.7MM. If he accepts that one-year offer, he’ll become an unrestricted free agent in 2022, but he’s more likely to negotiate a new multiyear deal with the Nets or a rival suitor. Brooklyn would have the ability to match any offer sheet Brown signs with another team.

The Nets hold Brown’s Bird rights, so they won’t face any cap restrictions when it comes to re-signing him — it will simply be a matter of how much further into tax territory team ownership is willing to go.

Bucks’ Bryn Forbes Opting Out Of Contract

July 27th, 2021 at 10:12am CST by Luke Adams

Bucks guard Bryn Forbes won’t pick up the player option on the second year of his contract, reports ESPN’s Adrian Wojnarowski. As a result, he’ll become an unrestricted free agent.

The decision had been expected, since Forbes’ 2021/22 salary would have been a modest $2.45MM if he had exercised the option. Coming off a season in which he played regular minutes for the NBA champions, the 28-year-old presumably feels confident about earning a higher salary – and perhaps a multiyear deal – on the open market.

Forbes, who signed with Milwaukee after four seasons in San Antonio, averaged 10.0 points per game in 70 contests (19.3 MPG) in 2020/21, recording an impressive shooting line of .473/.452/.770. His 45.2% mark on shots from beyond the arc ranked fourth in the NBA among qualified players.

Forbes’ decision to opt out doesn’t necessarily mean he won’t negotiate a new deal with the Bucks. However, the club’s ability to offer him a raise will be limited, since he’ll only have Non-Bird rights. Unless they dip into their mid-level exception to re-sign him, the Bucks would only be able to offer Forbes a starting salary worth about $2.8MM.

Milwaukee will be in a similar bind with Bobby Portis if he opts out of his contract. Portis has a $3.8MM player option that he’s considered likely to turn down.