Transactions Rumors | Hoops Rumors

Raptors Sign OG Anunoby To Four-Year Extension

December 21st, 2020 at 5:34pm CST by Dana Gauruder

5:34pm: Anunoby’s extension is now official, the Raptors announced in a press release.

“OG is the epitome of the skilled, powerful, determined player we want in our organization long-term. Remember, he doesn’t shoot to miss,” general manager Bobby Webster said in a statement. “We’re really pleased that OG will be with us for seasons to come.”

4:52pm: The Raptors have agreed to sign forward OG Anunoby to a four-year contract extension worth $72MM, agent Omar Wilkes tells Adrian Wojnarowski of ESPN (Twitter link).

The final year of Anunoby’s new deal will feature a player option, Wojnarowski adds. According to Blake Murphy of The Athletic (Twitter link), the extension is structured to increase by the maximum 8% annually to allow Toronto to maximize its 2021 cap room. It won’t include any bonuses or a trade kicker, Murphy adds (via Twitter).

While the extension will cut into the Raptors’ projected cap space to some extent, the difference in minimal, according to ESPN’s Bobby Marks, who notes (via Twitter) that Anunoby would have had a $11.7MM cap hold as a restricted free agent. Instead, he’ll have a starting salary of $16.1MM, reducing Toronto’s space by just over $4MM.

The Raptors have now locked up three key young pieces for the next several seasons. Pascal Siakam‘s extension kicks in this season and keeps him under contract through 2023/24. Fred VanVleet was re-signed this offseason for four more years, with the last one including a player option.

Anunoby’s extension could turn out to be a bargain if he continues to improve, and the Raptors will still have cap flexibility next summer, as Josh Lewenberg of TSN Sports notes (Twitter link).

Anunoby averaged a career-best 10.6 PPG and 5.3 RPG in 29.9 MPG as a starter last season. He’s also considered a defensive stalwart and averaged 1.4 SPG.

Photo courtesy of USA Today Sports Images.

Clippers Sign Luke Kennard To Four-Year Extension

December 21st, 2020 at 5:13pm CST by Luke Adams

DECEMBER 22, 2:05pm: Kennard’s extension includes a team option for the fourth year, reports Michael Scotto of HoopsHype (Twitter link).

DECEMBER 21, 5:13pm: The Clippers have officially announced Kennard’s new contract extension.

“We are excited to secure a commitment from a dynamic, emerging young player who continues to grow every day,” Clippers president of basketball operations Lawrence Frank said in a statement. “We have been impressed with Luke’s versatility and maturity, and it’s been a privilege to get to know him better during this training camp. We believe he is a fantastic fit for our organization and we are delighted he feels the same.”

DECEMBER 21, 3:22pm: The Clippers and guard Luke Kennard have reached an agreement on a four-year, $64MM rookie scale contract extension, agents Aaron Mintz and Dave Spahn tell Adrian Wojnarowski of ESPN (Twitter link).

The deal includes $56MM in guaranteed money, plus $8MM in additional bonuses that are considered attainable, tweets Andrew Greif of The Los Angeles Times.

It’s an impressive number for Kennard, who missed much of the 2019/20 season due to knee issues. He played well when healthy, averaging 15.8 PPG, 4.1 APG, and 3.5 RPG with a .442/.399/.893 shooting line in 28 games (32.9 MPG).

The Pistons’ new front office sent Kennard to Los Angeles in a three-team offseason trade that saw Saddiq Bey and Rodney McGruder land in Detroit. The 24-year-old’s asking price on an extension – along with his injury history and the team’s change in direction – played a part in Detroit’s decision to move him, tweets James L. Edwards III of The Athletic.

The Clippers’ investment in Kennard suggests his new club has confidence that his knee problems are behind him. If he earns the full $16MM per year on his new deal, that would put Kennard in the same neighborhood of recent free agent signees like Davis Bertans ($16MM per year), Marcus Morris ($16MM), and Malik Beasley ($15MM).

New contracts for Morris, Paul George, and now Kennard have pushed the Clippers well over the projected cap and likely into luxury tax territory for the 2021/22 season, notes ESPN’s Bobby Marks (via Twitter).

Photo courtesy of USA Today Sports Images.

Magic Sign Jonathan Isaac To Four-Year Extension

December 21st, 2020 at 5:02pm CST by Luke Adams

5:02pm: The Magic have officially signed Isaac to his extension, the team announced in a press release.

4:31pm: Shortly after reaching an agreement on an extension for Markelle Fultz, the Magic have done the same for Jonathan Isaac. Agent Jeff Wechsler tells Adrian Wojnarowski of ESPN (Twitter link) that Isaac and the Magic have agreed to a four-year, $80MM deal, which will begin in 2021/22.

Isaac was on his way to a breakout year in 2019/20, having averaged career highs in PPG (11.9), RPG (6.8), BPG (2.3), SPG (1.6), and a handful of other categories in the 34 games (28.8 MPG) he played.

However, a severe left knee sprain and bone bruise sidelined him on January 1, and his comeback effort during the Orlando summer restart was abruptly halted in early August by a torn left ACL.

Despite the fact that Isaac will miss the entire 2020/21 season while rehabilitating that knee injury, the Magic were willing to lock in a new deal for him early, preventing him from reaching restricted free agency in 2021. That signals not only that Orlando views the 23-year-old as an important part of its future, but also that the team feels good about where he’s at in his recovery and rehab process.

While it remains to be seen how Isaac’s offensive game will develop, he’s already one of the NBA’s most talented and versatile defenders when he’s healthy. If he returns to full health and improves on offense, the contract could actually end up being a bargain for the Magic, but it’s still a significant roll of the dice for the club.

Isaac will earn $7.36MM in the final year of his rookie scale contract in 2020/21 before his new deal begins. He’s the eighth player to agree to a rookie scale extension this offseason, narrowly beating Monday’s deadline (5:00pm central time).

Photo courtesy of USA Today Sports Images.

Magic Sign Markelle Fultz To Three-Year Extension

December 21st, 2020 at 5:01pm CST by Luke Adams

5:01pm: Fultz’s extension is now official, according to the Magic.

4:18pm: The Magic have agreed to sign former No. 1 overall pick Markelle Fultz to a three-year rookie scale extension worth $50MM, agent Raymond Brothers tells ESPN’s Adrian Wojnarowski (Twitter link). The deal, which will begin in 2021/22 after Fultz earns $12.3MM this season, includes a third-year team option, according to Josh Robbins of The Athletic (Twitter link).

Philadelphia traded up in the 2017 draft to select Fultz, but he was limited to 33 games in a season-and-a-half with the Sixers, as he dealt with a troublesome shoulder injury and struggled to regain the form that made him the top prospect in his class.

After being dealt to the Magic at the 2019 trade deadline, Fultz stayed healthy for the team last season, averaging 12.1 PPG, 5.1 APG, and 3.3 RPG on .465/.267/.730 shooting in 72 games (27.7 MPG). Orlando has been “thrilled” with his progress and views him as a key part of the team’s future, according to Wojnarowski (Twitter link).

Fultz’s new deal is an interesting one for him and the Magic, and is comparable to a few other rookie scale extensions signed in the last couple years by players who have dealt with injuries. Luke Kennard‘s new four-year, $56MM contract (which includes $8MM in additional incentives) is in the same range, as is Dejounte Murray‘s deal from a year ago (four years, $64MM, plus $6MM in incentives).

The closest comparable may be the three-year, $52.5MM extension Caris LeVert signed with the Nets a year ago. Like LeVert, Fultz only signed for three years, putting him in position to potentially reach unrestricted free agency in his prime — he’ll be just 26 years old when his new contract expires.

Fultz is one of two Magic players to reach an agreement today on a rookie scale extension, joining fellow franchise cornerstone Jonathan Isaac.

Photo courtesy of USA Today Sports Images.

Knicks Exercise Contract Options On Barrett, Knox

December 21st, 2020 at 4:53pm CST by Dana Gauruder

The Knicks have exercised their 2021/22 contract options on recent lottery picks RJ Barrett and Kevin Knox, the team’s PR department tweets.

Barrett, the third pick of last year’s draft, will make approximately $8.6MM in his third season. Knox, chosen ninth in the 2018 draft, will make $5.85MM in his fourth season during the 2021/22 campaign.

Barrett was the third-leading scorer among rookies last season at 14.3 PPG in 30.4 MPG while appearing in 56 games.

Knox’s playing time and production regressed dramatically in his second season, but the Knicks’ new regime thinks enough of him to lock in his salary through the next two seasons. He has averaged 9.9 PPG and 3.7 RPG in 140 career games.

Notably, the Knicks’ announcement didn’t mention recently-acquired big man Omari Spellman, the team’s other player with a 2021/22 rookie scale option. New York has until December 29 to make a decision on Spellman, but teams generally announce all their exercised options at once, so the team may be declining that one.

Hawks Pick Up 2021/22 Options On Trae Young, Three Others

December 21st, 2020 at 4:11pm CST by Luke Adams

The Hawks have officially exercised their 2021/22 team options on Trae Young, Kevin Huerter, De’Andre Hunter, and Cam Reddish, the team announced in a press release. Chris Kirschner of The Athletic first reported the news (via Twitter).

Young and Huerter were drafted in 2018, so they had their fourth-year options picked up today. Young will make $8.33MM in 2021/22, while Huerter will earn $4.25MM. They’ll both be eligible for rookie scale extensions during the 2021 offseason.

Hunter and Reddish, both 2019 first-rounders, had their third-year options exercised. Hunter’s is worth $7.78MM, while Reddish’s is for $4.67MM. A year from now, Atlanta will have to make decisions on their fourth-year options for 2022/23.

While Young is the most obvious long-term franchise building block among the four youngsters, Huerter, Hunter, and Reddish all have room to continue improving and will vie for playing time in a crowded Hawks rotation this season.

Kings Waive Chimezie Metu

December 21st, 2020 at 3:29pm CST by Luke Adams

The Kings have set their roster for the start of the regular season by waiving power forward Chimezie Metu, league sources tell Jason Jones of The Athletic (Twitter link).

Metu, a 2018 second-round pick, was never able to establish consistent playing time in San Antonio during his two years with the team. He appeared in 47 games over the last two seasons, averaging 2.3 PPG and 1.5 RPG in 5.3 minutes per contest before being waived by the Spurs this offseason.

Metu subsequently caught on with the Kings on a three-year contract with a $50K partial guarantee in year one. The multiyear nature of his deal with Sacramento and his strong play in the postseason (24 points, nine rebounds, and three blocks in 29 total minutes) suggested he may be in the team’s plans, but he’ll be the odd man out in advance of tonight’s roster deadline.

The Kings now have 14 players on fully guaranteed contracts, plus Glenn Robinson III on a non-guaranteed deal and Kyle Guy on a two-way pact. Metu could fill the Kings’ other two-way slot if he clears waivers and there’s mutual interest in a new deal.

Nets Exercise 2021/22 Option On Landry Shamet

December 21st, 2020 at 2:46pm CST by Luke Adams

The Nets have exercise the fourth-year option on Landry Shamet‘s rookie contract, the club announced today (via Twitter). The move locks in Shamet’s $3.77MM salary for the 2021/22 season.

Shamet, 23, has averaged 9.2 PPG on .420/.402/.828 shooting in his first two NBA seasons with the Sixers and Clippers. He was dealt from Los Angeles to Brooklyn in a three-team trade last month — the Nets also acquired Bruce Brown in that deal, sending Dzanan Musa and the No. 19 pick to Detroit.

Shamet will now become eligible for a rookie scale extension during the 2021 offseason. If he doesn’t sign a new deal at that point, he’d be on track to reach restricted free agency in the summer of 2022.

We’re keeping tabs on all the 2021/22 rookie scale team option decisions right here.

Pistons Exercise Sekou Doumbouya’s 2021/22 Option

December 21st, 2020 at 10:49am CST by Luke Adams

The Pistons have exercised their 2021/22 team option on Sekou Doumbouya‘s rookie contract, league sources tell Omari Sankofa II of The Detroit Free Press (Twitter link). The move guarantees the forward’s $3.6MM salary for the ’21/22 season.

Doumbouya, who will turn 20 on Wednesday, was the youngest player in the NBA last season after being selected 15th overall in the 2019 draft. He averaged 6.4 PPG and 3.1 RPG on .390/.286/.674 shooting in 38 games (19.8 MPG) as a rookie.

While Doumbouya’s contributions in 2019/20 were modest, he has flashed some promise during the preseason this month. Most notably, he racked up 23 points, five rebounds, and a pair of blocked shots in just 17 minutes of action against New York last Sunday.

As our tracker shows, Doumbouya’s rookie scale option was the only one left for the Pistons to pick up after they waived Zhaire Smith and Dzanan Musa. The deadline for teams to exercise those options is December 29.

Detroit’s next decision on Doumbouya will come a year from now, when the club will have to either exercise or decline his team option for 2022/23. Assuming that option is picked up, the Pistons forward will become eligible for a rookie scale extension during the 2022 offseason.

Lakers Sign Kyle Kuzma To Three-Year Extension

December 20th, 2020 at 4:46pm CST by Luke Adams

4:46pm: Kuzma has officially signed his extension with the Lakers, the team announced on social media (Twitter link).

3:56pm: The Lakers and forward Kyle Kuzma have agreed to terms on a three-year contract extension worth $40MM, sources tell ESPN’s Adrian Wojnarowski (Twitter link). The deal will include a third-year player option for the 2023/24 season, Wojnarowski reports.

Kuzma, 25, is the latest in a line of Lakers players that have agreed to lucrative new contracts this offseason. LeBron James and Anthony Davis signed maximum-salary deals that will keep them under team control through 2023 and 2024, respectively, while Kentavious Caldwell-Pope signed a contract similar to Kuzma’s, though the final year of KCP’s three-year, $39MM pact isn’t fully guaranteed.

Those multiyear commitments to other key players likely helped open the door for a rookie scale extension for Kuzma in advance of Monday’s deadline, since the Lakers no longer had to consider whether to try to carve out cap room during the next couple offseasons.

Kuzma, who averaged a career-high 18.7 PPG in 2018/19, played a reduced role last season following the arrival of Davis. His 12.8 PPG, 4.5 RPG, .436 FG%, and 25.0 MPG were all career-lows, as he struggled at times to establish a clear-cut role for the eventual champions.

However, the Lakers clearly still believe in the fourth-year forward, as exhibited by their willingness to lock in a deal that will guaranteed him $13MM+ per year once his current contract expires in 2021. Kuzma, the 27th overall pick in the 2017 draft, will earn $3.56MM in the final year of his rookie deal this season.

Kuzma is the fifth player to agree to a rookie scale extension so far this offseason, joining Jayson Tatum, Donovan Mitchell, Bam Adebayo, and De’Aaron Fox.

While Kuzma didn’t get a maximum-salary commitment like those stars, he becomes the first player to receive a player option on a non-max rookie extension, according to Wojnarowski (via Twitter). That option will allow Kuzma to enter the unrestricted free agent market at age 28 if he outperforms his new deal.

As Bobby Marks of ESPN notes (via Twitter), Kuzma won’t become ineligible to be traded this season as a result of his new extension. However, the poison pill provision would apply in a hypothetical deal, complicating salary matching and reducing the odds that he’ll be moved anytime soon.

Photo courtesy of USA Today Sports Images.