Transactions Rumors | Hoops Rumors

Heat Pick Up Dragic’s Team Option, Decline Iguodala’s

August 1st, 2021 at 1:30pm CST by Alex Kirschenbaum

The Heat have made two divergent decisions on two decorated NBA veterans who proved instrumental in their 2019/20 NBA Finals run.

Miami has decided to pick up its $19.4MM team option on veteran point guard Goran Dragic for the 2021/22 season, per Anthony Chiang of The Miami Herald (Twitter link). Dragic, 35, has been with the Heat since midway through the 2014/15 season, and netted his lone All-Star appearance with the club in 2018. Dragic was also named to the 2014 All-NBA Third Team while with the Suns.

Picking up Dragic’s option does not necessarily mean he is guaranteed to stick with the Heat this summer. As Barry Jackson of the Miami Herald notes (via Twitter), his contract could be incorporated to help match salaries in a big-money trade.

Andre Iguodala, meanwhile, will be hitting the open market. Adrian Wojnarowski of ESPN reports (via Twitter) that the Heat will not pick up their $15MM player option on the final year of the extension Iguodala inked with the club after he was traded from Memphis to Miami in the 2019/20 season. The 37-year-old Iguodala was named the 2015 Finals MVP during his first of three championships with the Warriors, and also has an All-Star appearance, two All-Defensive Team selections, and an Olympic gold medal on his resume.

Exercising Dragic’s option likely means Miami will operate as an over-the-cap team, but Woj suggests (Twitter link) the club will still be a player in free agency, either by carving out cap space in another way or via sign-and-trades.

Raptors point guard Kyle Lowry, an unrestricted free agent this summer, remains among Miami’s most-desired free agent additions. Woj notes (via Twitter) that Dragic’s deal could be incorporated into a Lowry sign-and-trade with Toronto, while Marc Stein (Twitter link) refers to the Heat as the “favorite” to land Lowry and Barry Jackson of the Miami Herald tweets that Miami is a “very strong consideration” for the longtime Raptor.

As Bobby Marks of ESPN (Twitter link) observes, if the Heat could add Lowry via sign-and-trade, they’d still possess the $9.5MM full non-taxpayer’s midlevel exception to sign a quality free agent and would be in position to retain restricted free agent sharpshooter Duncan Robinson, who appears to be in line for a major raise.

Rockets Extend Qualifying Offer To Anthony Lamb

July 31st, 2021 at 8:44pm CST by Arthur Hill

Anthony Lamb has received a qualifying offer from the Rockets, tweets Kelly Iko of The Athletic. Because Lamb is a two-way player, his QO will carry a $50K guarantee, and it will make him restricted heading into free agency.

Lamb went to training camp with the Pistons last year, but was waived before the season began. He signed with Houston in early March and appeared in 24 games, making three starts and averaging 5.5 points and 2.9 rebounds per night.

A 6’6″ small forward, Lamb played for both the Canton Charge and the Rio Grande Valley Vipers in the G League bubble this year. He was named the league’s Most Improved Player.

Earlier today, the Rockets tendered a qualifying offer to Armoni Brooks, so both of their two-way players have been addressed. However, the team also reportedly agreed to a two-way deal with undrafted rookie Matthew Hurt, so it appears unlikely that both Brooks and Lamb will return unless one is promoted to the 15-man roster.

Armoni Brooks Receives Qualifying Offer From Rockets

July 31st, 2021 at 7:27pm CST by Arthur Hill

The Rockets have made a qualifying offer to Armoni Brooks, tweets Kelly Iko of The Athletic. The offer means Brooks will be restricted when free agency begins on Monday.

The 23-year-old shooting guard signed a two-way contract with Houston in early April. He averaged 11.2 points in 20 games, starting five times, and proved to be an effective three-point threat, connecting at 38.2% from behind the arc.

Brooks played three seasons in the G League after going undrafted out of the University of Houston in 2019. He posted a 16.8/3.7/3.3 line this season with Rio Grande Valley, the Rockets’ G League affiliate.

Because Brooks was a two-way player with just one season in Houston, he received a one-year, two-way qualifying offer with a $50K guarantee.

Serge Ibaka Opting In For 2021/22 Season

July 31st, 2021 at 6:38pm CST by Arthur Hill

Clippers center/power forward Serge Ibaka will exercise his player option for next season, tweets Shams Charania of The Athletic.

Ibaka, 31, will make $9.7MM next season before becoming an unrestricted free agent in the summer of 2022. He signed a two-year, $19MM contract last November that included the player option in the second season.

Ibaka’s first season in L.A. was marred by injuries that limited him to 41 games during the regular season and two brief appearances in the playoffs. He was the starting center before back issues derailed his year, averaging 11.1 points, 6.7 rebounds and 1.1 blocks per night.

The decision by Ibaka virtually eliminates any thoughts the Clippers may have entertained about using the non-taxpayer mid-level exception this offseason, according to John Hollinger of The Athletic (Twitter link).

The Clippers, of course, are still waiting on another big player option decision, as Kawhi Leonard will have to decide whether to opt into a $36MM+ salary. Despite his ACL injury, the expectation is that Leonard will turn down his option to sign a more lucrative – and perhaps a longer-term – deal with Los Angeles.

Jarred Vanderbilt, Jordan McLaughlin Get QOs From Wolves

July 31st, 2021 at 6:09pm CST by Arthur Hill

The Timberwolves have made qualifying offers to Jarred Vanderbilt and Jordan McLaughlin, tweets ESPN’s Adrian Wojnarowski. Both players will be restricted heading into free agency.

Minnesota has full Bird rights on Vanderbilt and Early Bird rights on McLaughlin, notes Bobby Marks of ESPN (Twitter link). The Wolves are currently $7.9MM away from the luxury tax, including a first-round hold for Leandro Bolmaro, who may join the team next season.

Vanderbilt, a 22-year-old power forward, is coming off his most productive NBA season, averaging 5.4 points and 5.8 rebounds while starting 30 of the 64 games that he played. He was acquired from the Nuggets in a four-team trade in February of 2020.

McLaughlin, a 25-year-old point guard, appeared in 51 games this season, averaging 5.0 points, 2.1 rebounds and 3.8 assists per night. He has been a two-way player for the Wolves the past two years.

Pistons Waive Cory Joseph, Deividas Sirvydis, Tyler Cook

July 31st, 2021 at 5:07pm CST by Luke Adams

5:07pm: The Pistons have officially waived Joseph and Sirvydis, the team confirmed in a press release. Detroit also announced that Cook has been waived. As noted below, his salary for 2021/22 had been fully non-guaranteed.

3:36pm: The Pistons are waiving a pair of players from their roster, according to Shams Charania and James Edwards III of The Athletic, who report (via Twitter) that Cory Joseph and Deividas Sirvydis will be released.

Joseph’s $12.6MM salary for the 2021/22 season was only partially guaranteed for $2.4MM. Sirvydis had a fully guaranteed salary for the coming season, but his cap hit was just $1.52MM and his 2022/23 salary was non-guaranteed.

Detroit will have the option of either applying the dead money for Joseph and Sirvydis solely to the team’s 2021/22 cap or stretching those cap charges across multiple seasons to generate more space this offseason. That possibility shouldn’t be ruled out, since the Pistons’ trade of Mason Plumlee suggested the club is looking to open up cap room for free agency.

John Hollinger of The Athletic (Twitter link) estimates that Detroit could get up to about $22MM in cap space by stretching Joseph and Sirvydis and cutting Rodney McGruder and Tyler Cook, who have non-guaranteed contracts.

Joseph, who will turn 30 in August, began last season with Sacramento and was sent to Detroit at the March trade deadline. He played well with the Pistons down the stretch, averaging 12.0 PPG, 5.5 APG, and 3.2 RPG on .506/.368/.878 shooting in 19 games (26.4 MPG). Joseph should be an appealing target for teams in the market for a backup point guard.

A Lithuanian wing, Sirvydis was the No. 37 pick in the 2019 draft and was stashed for a year overseas before signing his first NBA contract in the 2020 offseason. His rookie season was uninspiring, as he played limited minutes in 20 games, averaging 2.1 PPG and 1.5 RPG in 6.7 MPG. A return to Europe seems like a possibility for Sirvydis.

Knicks Exercise Team Option On Mitchell Robinson, Waive Norvel Pelle

July 31st, 2021 at 5:05pm CST by Arthur Hill

The Knicks have picked up their option for next season on center Mitchell Robinson and have waived center Norvel Pelle, the team announced (via Twitter).

Robinson will make $1.8MM in the final season of the four-year deal he signed after being drafted in the second round in 2018. He was the team’s starting center before getting injured, so it was an easy decision for New York to exercise the option.

The 23-year-old averaged 8.3 points and 8.1 rebounds in 31 games before undergoing season-ending foot surgery in late March. He also suffered a broken hand during the season that caused him to miss 15 games.

Robinson is eligible for a four-year, $51MM extension during the offseason, tweets Bobby Marks of ESPN. The Knicks also have the option of using cap space to renegotiate his salary for next season and having that be the beginning of an extension. If no extension is reached, Robinson will be an unrestricted free agent next summer.

Pelle, 28, had a $1.7MM option for 2021/22 that New York chose not to exercise. He signed a pair of 10-day deals with the Knicks in April, shortly after Robinson broke his foot, and earned a contract through the end of the season. Pelle appeared in nine games, averaging 1.2 points and 1.2 rebounds in 5.8 minutes per night.

Pelicans Decline Team Option On Didi Louzada

July 31st, 2021 at 4:51pm CST by Arthur Hill

The Pelicans have turned down their $1,517,981 team option on Didi Louzada, tweets Andrew Lopez of ESPN. However, the rookie small forward still may have a future in New Orleans.

Sources tell Lopez that the Pelicans extended a qualifying offer to Louzada and hope to reach a long-term agreement in free agency.

Louzada, 22, signed with New Orleans in late April and appeared in three games before the season ended, averaging 2.7 PPG in 18.7 minutes per night. The Brazilian native was drafted by the Hawks with the 35th pick in 2019 and traded to the Pacers, but didn’t have any NBA experience until he joined the Pelicans.

Louzada, who is also known as Marcos Louzada Silva, spent the past two seasons with the Sydney Kings in Australia’s National Basketball League.

Wizards Issue QOs To Mathews, Winston; Will Make Bonga UFA

July 31st, 2021 at 2:11pm CST by Eli Cohen

The Wizards will not issue a qualifying offer to Isaac Bonga, thereby making him an unrestricted free agent, reports ESPN’s Adrian Wojnarowski (via Twitter).

The 6’8″ point forward saw his playing time cut nearly in half from the 2019/2020 season to last year. Despite the flashes of potential he showed, the Wizards now find themselves with a logjam of forwards, and Bonga appears to be the odd man out. His QO would’ve been worth about $2.08MM.

The Wizards are, however, extending qualifying offers to guards Garrison Mathews and Cassius Winston, according to a tweet from The Athletic’s Fred Katz. Both players finished the season on two-way contracts with Washington.

Mathews, who went undrafted in 2019, was a revelation as a feisty sharp-shooter for the Wizards this season, and even started 24 games. Winston, last year’s No. 53 overall pick, wasn’t able to crack Washington’s rotation in a major way during his rookie year, but the accomplished collegiate point guard has potential as a shooter and pick and roll play-maker, and the Wizards have need of guards.

Mathews’ qualifying offer will be a standard minimum-salary contract with a small partial guarantee, while Winston’s will be another two-way deal.

Pelicans Extend Qualifying Offers To Ball, Hart

July 31st, 2021 at 1:52pm CST by Eli Cohen

The Pelicans have extended qualifying offers to Lonzo Ball and Josh Hart, making them restricted free agents this summer, tweets Andrew Lopez of ESPN.

Ball’s qualifying offer is worth about $14.36MM, while Hart’s is approximately $5.24MM. Those are one-year contract offers that could theoretically be accepted, but Ball and Hart will likely earn more lucrative multiyear deals in free agency.

As long as the Pelicans keep those qualifying offers on the table, they’ll have the ability to match any offer sheet signed by Ball or Hart, and would have the leverage necessary to negotiate a sign-and-trade.

It remains unclear whether either Ball or Hart will return to New Orleans. The Pelicans’ agreement to trade Eric Bledsoe and Steven Adams creates some cap flexibility for a bigger free agent acquisition, and the team is said to be eyeing Kyle Lowry and other point guards, including Spencer Dinwiddie.

Ball is unlikely to return if the Pelicans land one of those targets, since he’d probably need to be renounced to clear the necessary cap space. But if New Orleans strikes out on the free agent market, it will be interesting to see how the club handles Ball’s situation. He has been linked to the Bulls, Celtics, Raptors, Pacers, and Knicks, among other teams.

The Pelicans could potentially clear enough space to land a top free agent point guard without renouncing Hart, so he looks – for now – like a decent bet to return to the team.

Luke Adams contributed to this story.