Transactions Rumors | Hoops Rumors

Pelicans To Trade Jrue Holiday To Bucks

November 17th, 2020 at 9:39am CST by Luke Adams

NOVEMBER 17, 9:39am: ESPN’s Bobby Marks has the details on the picks headed to New Orleans in the trade, reporting (via Twitter) that in addition to this year’s No. 24 pick, the Bucks will also give up their unprotected first-rounders in 2025 and 2027. The Pelicans will have the right to swap first-rounders with Milwaukee in 2024 and 2026.

In order to ensure the 2025 and 2027 picks are freed up and don’t violate the Stepien rule, the Bucks are sending a future second-round pick to the Cavaliers, who were owed Milwaukee’s 2022 first-round pick. In exchange, the Cavs will agree to lift the top-10 protection on that first-rounder, ensuring it changes hands in ’22, per Marks (Twitter link).

Milwaukee will also receive the No. 60 pick in Wednesday’s draft as part of the deal, tweets Jonathan Givony of ESPN. That pick was originally the Bucks’ own, but was one of the second-rounders they sent to New Orleans in 2019 for Nikola Mirotic. Now they’ll have it back.

That pick will help the Bucks fill out their roster on the cheap, since a rookie drafted in the second round can likely to be signed to a minimum salary that will only count for $898,310 against the cap and tax.

There are conflicting reports on whether the Bucks will also receive the No. 42 pick in this year’s draft from New Orleans. Eric Nehm of The Athletic reported (via Twitter) that the pick is part of the deal, while Andrew Lopez of ESPN (Twitter link) has been told that Milwaukee is only receiving No. 60.

NOVEMBER 16, 10:33pm: The Bucks have reached a deal to acquire standout guard Jrue Holiday from the Pelicans, according to Shams Charania of The Athletic, who reports (via Twitter) that New Orleans will receive Eric Bledsoe, George Hill, and draft compensation in return.

That draft compensation is substantial — the Pelicans will receive three future first-round picks from Milwaukee, sources tell Adrian Wojnarowski of ESPN (Twitter link). One of those three selections is this year’s No. 24 pick, tweets David Aldridge of The Athletic. New Orleans will also acquire a pair of future draft pick swaps in the deal, per Charania (Twitter link).

Holiday, 30, is coming off a 2019/20 season in which he averaged 19.1 PPG, 6.7 APG, 4.8 RPG, and 1.6 SPG with a shooting line of .455/.353/.709 in 61 games (34.7 MPG) for New Orleans. Although he didn’t earn a spot on one of this season’s All-Defensive teams, he has done so twice in the past and is widely considered one of the NBA’s best perimeter defenders.

Acquiring Holiday is an all-in move for the Bucks and general manager Jon Horst, who are trying to convince two-time MVP Giannis Antetokounmpo to sign a super-max contract extension to remain with the team long-term. Antetokounmpo has repeatedly stated that he’s interesting in staying in Milwaukee as long as he believes the club is capable of winning a title.

Upgrading their backcourt by acquiring Holiday should make the Bucks – who have posted the league’s best regular season record in each of the last two seasons – an even more formidable title threat. However, the acquisition cost is significant, particularly given Holiday’s contract situation.

The 30-year-old’s deal will pay him $25.9MM in 2020/21 and includes a $26.8MM player option for ’21/22, meaning he can reach free agency a year from now. While Antetokounmpo and Holiday are both eligible to hit the open market and sign elsewhere in 2021, it sounds like the Bucks are betting heavily on their ability to lock up both players to new deals.

On that note, Marc Stein of The New York Times tweets that the last couple weeks have been “filled with chatter” about the possibility that Antetokounmpo will sign his super-max offer this offseason. Milwaukee’s willingness to give up so many future assets seems to reflect the team’s optimism, Stein observes.

Holiday’s age and contract situation prompted the Pelicans to explore the trade market in search of a deal this offseason, as president of basketball operations David Griffin looked to acquire pieces that better line up with the timeline of the club’s young core, led by Zion Williamson and Brandon Ingram.

While the Pelicans were reportedly willing to hang onto Holiday if a favorable deal didn’t materialize, a return of three first-round picks and two pick swaps was too appealing to turn down. Having landed a substantial haul in last year’s Anthony Davis trade as well, New Orleans now has five extra first-round picks in future seasons, as well as three pick swaps.

It remains to be seen whether Bledsoe and Hill – both veterans in their 30s who probably aren’t part of the Pelicans’ long-term plans – will spend the season in New Orleans or if the team will look to flip one or both players in subsequent deals.

Bledsoe, a strong defender whose offensive limitations have hurt the Bucks in the last two postseasons, averaged 14.9 PPG, 5.4 APG, and 4.6 RPG on .475/.344/.790 shooting in 61 games (27.0 MPG) in 2019/20. He has three years and about $54MM left on his contract, though his 2022/23 salary ($19.4MM) is mostly non-guaranteed.

Hill, meanwhile, was a reliable rotation player in Milwaukee, averaging 9.4 PPG, 3.1 APG, and 3.0 RPG on .516/.460/.842 in 59 games (21.5 MPG) last season. The 34-year-old has a guaranteed $9.6MM salary in ’20/21 with a lightly guaranteed $10MM salary for ’21/22.

With Holiday off the market, teams like the Nuggets and Nets, who were linked to the veteran guard, will have to look elsewhere for a potential upgrade on the wing.

Photo courtesy of USA Today Sports Images.

Cavs’ Andre Drummond To Exercise Player Option

November 17th, 2020 at 8:24am CST by Luke Adams

Cavaliers center Andre Drummond will pick up his player option for 2020/21 to remain with the team rather than becoming a free agent, reports Marc Stein of The New York Times (via Twitter).

By exercising that option, Drummond will lock in his $28,751,774 salary for next season, a figure he was extremely unlikely to match or exceed on the open market. His deal will now expire in 2021, at which point he’ll become an unrestricted free agent. The opt-in also ensures the Cavs will operate as an over-the-cap team this fall, barring a major cost-cutting move.

Drummond, 27, was his usual reliable self in 2019/20, averaging 17.7 PPG to go along with a league-high 15.2 RPG in 57 games (33.0 MPG). It was the third consecutive season – and fourth in the last five – that he has led the NBA in rebounding. The big man also filled up the box score with 2.7 APG, 1.9 SPG, and 1.6 BPG.

Having spent the first seven-and-a-half years of his professional career in Detroit, Drummond was traded to Cleveland at last season’s deadline by the Pistons, who had shifted to rebuilding mode and wanted to open up cap space for this offseason. The expectation at the time of the trade was that Drummond would be opting in.

The Cavs had hoped to get a longer look down the stretch at how their frontcourt – which also features Kevin Love, Tristan Thompson, and Larry Nance Jr. – meshed, but Drummond only appeared in eight games before the season went on hiatus as a result of the coronavirus pandemic. It remains to be seen how many of those big men will be back in Cleveland this season, as Thompson is a free agent and Drummond, Love, and Nance are all potential trade candidates.

For now though, it’s safe to assume Drummond will start the season as the Cavs’ starting center.

Photo courtesy of USA Today Sports Images.

Bucks To Acquire Bogdan Bogdanovic From Kings In Sign-And-Trade

November 17th, 2020 at 12:12am CST by Luke Adams

UPDATE: This deal has fallen apart. Read the details here.

The Bucks will acquire restricted free agent swingman Bogdan Bogdanovic from the Kings in a sign-and-trade deal once free agency opens, according to Adrian Wojnarowski of ESPN (Twitter link).

Sources tell Wojnarowski that Milwaukee will send Donte DiVincenzo, D.J. Wilson, and Ersan Ilyasova to Sacramento in the deal, while the Bucks will also receive forward Justin James from the Kings (Twitter links).

Multiple reports in recent weeks indicated that the Bucks had interest in Bogdanovic and would pursue him in a sign-and-trade scenario. Kevin O’Connor of The Ringer reiterated that interest tonight in the wake of Milwaukee’s agreement to acquire Jrue Holiday, tweeting that Bogdanovic was also being eyed by the Hawks.

Still, even in the wake of O’Connor’s report, we didn’t expect to learn so early in the week that the Kings and Bucks have already reached an agreement. Since Bogdanovic will technically be a free agent, he and Milwaukee aren’t supposed to have any contact until Friday, so the NBA likely won’t be thrilled that news of this deal has already leaked.

Bogdanovic enjoyed arguably the best season of his three-year NBA career in 2019/20, averaging 15.1 PPG, 3.4 RPG, and 3.4 APG on .440/.372/.741 shooting in 61 contests (29.0 MPG). He earned a promotion to the starting lineup in January, displacing Buddy Hield, and helped lead the Kings to a 16-12 record during his 28 games as a starter.

Re-signing Bogdanovic was believed to be a priority for the Kings, so it’s a little surprising that the team is prepared to move him in a sign-and-trade deal. However, former general manager Vlade Divac seemed more committed to the 28-year-old Serbian than new GM Monte McNair.

The Kings’ willingness to move on from Bogdanovic is good news for the Bucks, who have reshaped their lineup with this move and the acquisition of Holiday, putting themselves in a great position to sell Giannis Antetokounmpo on signing a five-year, super-max contract extension this fall.

As for the Kings, they’re likely not viewing Ilyasova’s expiring $7MM contract as a major asset, and Wilson is coming off a disappointing third season. DiVincenzo is the headliner of their package, having averaged 9.2 PPG and 4.8 RPG on .455/.336/.733 in 66 games (23.0 MPG) last year for Milwaukee. He’s a strong perimeter defender who – at age 23 – still has plenty of room to improve and is under contract for two more years before reaching restricted free agency.

It’s not yet clear what Bogdanovic’s new contract with the Bucks will look like, but the deal must span at least three seasons, with a guaranteed first year. Based on Milwaukee’s outgoing salary, he could receive a starting salary of up to approximately $18MM, assuming Ilyasova’s salary becomes guaranteed. However, the Bucks will have to be conscious of the hard cap — as a result of acquiring a player via sign-and-trade, they’ll be unable to surpass a team salary of $138,928,000 in 2020/21.

The base year compensation rule will also apply to Bogdanovic’s new deal and will complicate salary-matching to some extent, though the inclusion of James should prevent it from becoming an issue for Sacramento.

Photo courtesy of USA Today Sports Images.

All-Star Guard Chris Paul Traded To Suns

November 16th, 2020 at 8:07pm CST by Luke Adams

8:07pm: The trade is official, per a Suns press release.

12:11pm: The Suns and Thunder are finalizing an agreement on a trade that will send All-Star point guard Chris Paul from Oklahoma City to Phoenix, reports ESPN’s Adrian Wojnarowski (via Twitter).

According to Shams Charania of The Athletic (Twitter link), the Thunder will receive Ricky Rubio, Kelly Oubre, Ty Jerome, Jalen Lecque, and draft compensation in the deal. Wojnarowski adds that the Suns will also get Abdel Nader in the blockbuster swap (Twitter link).

The draft pick being sent from Phoenix to Oklahoma City in the trade is the Suns’ 2022 first-rounder, per Wojnarowski. Charania reports (via Twitter) that the pick will be top-12 protected. If it doesn’t change hands in 2022, it’ll be top-10 protected in 2023, top-eight protected in 2024, and unprotected in 2025.

The Suns, whose interest in Paul was first reported last week, are hoping that the veteran guard can help the team build upon its 8-0 showing during the Orlando restart and make the postseason in 2020/21. Paul, who will reunite with his former Pelicans coach Monty Williams, will join an intriguing core that includes star guard Devin Booker, former No. 1 overall pick Deandre Ayton, and promising young wings Cameron Johnson and Mikal Bridges.

While bigger-market teams (like the Knicks) and stronger contenders (including the Bucks) were cited in recent weeks as potential suitors for CP3, the 35-year-old won’t object to joining the Suns. The Thunder worked with Paul and his reps at CAA to get him to a preferred destination, per Woj (Twitter link). A report last week suggested that Phoenix’s proximity to Los Angeles appealed to Paul, who has a home in the L.A. area.

Phoenix will complete the trade without using the No. 10 pick in this year’s draft, so the club will have the opportunity on Wednesday to add another young prospect to that group. The Suns also have a couple different directions they could go in free agency.

Remaining over the cap and attempting to bring back Dario Saric and Aron Baynes is one option for the organization — the other would be to let those free agents go to open up cap room, then using up that space before officially finalizing the deal for CP3. In that scenario, Phoenix would only have the $4.8MM room exception left over, whereas if the team remains over the cap, the mid-level ($9.3MM) and bi-annual ($3.6MM) could be in play.

Meanwhile, the Thunder appear to be shifting into full-fledged rebuilding mode after outperforming expectations in 2019/20. They’ve now reached deals to move both Paul and Dennis Schröder. Steven Adams remains a trade candidate, as are the veterans Oklahoma City will receive in the two agreed-upon trades (Rubio, Oubre, and Danny Green).

Having acquired a pair of first-round picks and two future pick swaps in last year’s Paul/Russell Westbrook trade, the Thunder were able to parlay CP3’s strong season (17.6 PPG, 6.7 APG, 5.0 RPG) into yet another first-round selection. The franchise now owns three 2022 first-rounders and holds multiple first-round picks every year through 2026, as Tommy Beer of Forbes details (via Twitter).

By taking on Paul’s contract, the Suns will be on the hook for his $41.4MM salary in 2020/21 and his $44.2MM player option for ’21/22. Nader has a minimum salary for ’20/21 which will remain non-guaranteed even after his team option is exercised to complete this trade.

As for the Thunder, they’ll take on Oubre’s expiring $14.4MM salary and will be on the hook for $34.8MM over two years for Rubio. Jerome, who has a $2.3MM cap charge in 2020/21, is in the second year of a rookie scale contract, while Lecque has a guaranteed $1.5MM salary for ’20/21 and a non-guaranteed $1.8MM for ’21/22.

Photo courtesy of USA Today Sports Images.

Bulls Won’t Extend Qualify Offer To Shaq Harrison

November 16th, 2020 at 7:08pm CST by Dana Gauruder

The Bulls will not extend a qualifying offer to guard Shaquille Harrison, making him an unrestricted free agent, Adrian Wojnarowski of ESPN tweets.

Harrison had a low-cost QO of $2,025,705 but Chicago chose to create a little more cap and roster flexibility rather than retain the 6’7” guard.

The undrafted Harrison, 27, began his career in Phoenix. He’s been with the Bulls the past two seasons. Last season, Harrison appeared in 43 games — including 10 starts — and averaged 4.9 PPG in 11.3 MPG. He shot 38.1% from long range.

The Bulls are reshaping their backcourt, as they’re also declining to extend a QO to a more prominent player, Kris Dunn. Both Dunn and Harrison are considered strong defenders but are somewhat limited on offense.

Chicago did make a qualifying offer to two-way player Adam Mokoka, according to Keith Smith of RealGM (Twitter link). That QO will be a two-way deal with $50K guaranteed.

Bulls To Give Valentine Qualifying Offer, Let Dunn Become UFA

November 16th, 2020 at 4:32pm CST by Dana Gauruder

The Bulls will extend a qualifying offer to swingman Denzel Valentine, Darnell Mayberry of The Athletic tweets, but won’t do the same for guard Kris Dunn, according to NBC Sports Chicago’s K.C. Johnson (Twitter link).

Valentine’s qualifying offer is worth $4,642,800 and Chicago’s decision will make him a restricted free agent. Dunn’s QO is $7,091,457 and by making him an unrestricted free agent, the Bulls rid themselves of his $16,044,021 cap hold. Dunn’s QO would have been identical to Valentine’s if he hadn’t narrowly met the “starter criteria.”

Valentine’s career was marred by a serious ankle injury which caused him to miss the entire 2018/19 season. He appeared in 36 games last season, including five starts, and averaged 6.8 PPG and 2.1 RPG in 13.6 MPG.

Chicago’s decision displays confidence that Valentine can regain the form he showed in 2017/18, his second NBA season, when he started 77 games and averaged 10.2 PPG while making 38.6% of his 3-point tries.

Dunn posted averages 7.3 PPG, 3.6 RPG and 3.4 APG in ’19/20 and was one of the league’s best defenders before a knee injury ended his season early. Dunn’s days in Chicago were numbered once the team drafted Coby White and signed Tomas Satoransky last season.

The fifth overall pick in the 2016 draft by Minnesota, Dunn was traded after his rookie season to the Bulls in the Jimmy Butler blockbuster. He had a disappointing run with the Bulls but he’s expected to have several bidders for his services, including the Clippers, according to Johnson.

Bucks’ Robin Lopez To Decline Option

November 16th, 2020 at 4:15pm CST by Dana Gauruder

Bucks reserve center Robin Lopez will decline his $5MM player option and become a free agent, ESPN’s Adrian Wojnarowski tweets.

Lopez, 32, joined Milwaukee on a two-year, $9.2MM deal to back up his brother, Brook Lopez. Robin Lopez appeared in 66 regular season games last season, including five starts, and averaged 5.4 PPG and 2.4 RPG in 14.7 MPG. His playing time dropped dramatically in the postseason, as he only made three brief appearances.

Given his age and status as a role player, Lopez might be taking a gamble entering the free agent market. It suggests he’s confident he can get that amount or close to it in the open market or that he’s eager to get more playing time. Lopez had been a starter most of his career before his one-year stint with the Bucks.

Lopez’ decision frees up some much-needed cap space for Milwaukee, which is looking to make upgrades and convince Giannis Antetokounmpo to stay put.

Jerami Grant Opting Out, Will Become Free Agent

November 16th, 2020 at 4:15pm CST by Luke Adams

As expected, Nuggets forward Jerami Grant is declining his player option for the 2020/21 season and will become an unrestricted free agent, per Chris Haynes of Yahoo Sports (Twitter link).

A report back in September indicated that Grant was expected to opt out of the final year of his contract with Denver, since he was a candidate to receive offers in the in the range of $14-16MM per year on the open market. His option was worth $9.35MM.

Mike Singer of The Denver Post, who reported in October that Grant is expected to receive interest from the Pistons, Suns, and Hawks, said today (via Twitter) that the Nuggets remain confident about re-signing the veteran forward. Singer thinks that a deal in the range of $13.5-15MM annually might get it done.

Grant averaged 12.0 PPG and 3.5 RPG on .478/.389/.750 shooting in 71 games (26.6 MPG) for the Nuggets in 2019/20 and became a full-time starter in the postseason as the team made a run to the Western Conference Finals. His outside shooting ability and defensive versatility will make him one of this offseason’s most popular free agents.

For a full breakdown of this fall’s player option decisions, be sure to check out our tracker.

Photo courtesy of USA Today Sports Images.

Magic Sign 2019 First-Rounder Chuma Okeke

November 16th, 2020 at 1:56pm CST by Luke Adams

The Magic have officially signed 2019 first-round pick Chuma Okeke to his rookie contract, the team announced today in a press release.

Orlando drafted Okeke with the 16th overall selection last year, having reached an agreement to essentially redshirt him for his first professional season as he recovered from the ACL injury he suffered during the NCAA tournament while playing for Auburn.

The 22-year-old forward signed a G League contract and spent the year rehabbing with the Lakeland Magic, Orlando’s NBAGL affiliate.

Because the NBA’s salary cap didn’t move at all for the 2020/21 season, Okeke will sign the same rookie contract this year that he would’ve received a year ago. Assuming he gets 120% of the standard rookie scale amount, his deal will be worth about $3.12MM in year one and $15.1MM over four years.

Raptors’ Stanley Johnson Opts In For 2020/21

November 16th, 2020 at 1:09pm CST by Luke Adams

Raptors forward Stanley Johnson has picked up his option for the 2020/21 season, the team announced today (Twitter link via Blake Murphy of The Athletic).

Johnson, who signed a two-year deal with Toronto last summer using the bi-annual exception, earned $3.623MM in 2019/20 and will make $3.804MM in his option year.

After spending the first four years of his career in Detroit and New Orleans, Johnson had an extremely limited role in Toronto last season, averaging 2.4 PPG and 1.5 RPG in just 25 games (6.0 MPG). While Johnson dealt with some injury issues, he also didn’t show enough to secure a regular rotation spot when healthy and played mostly garbage-time minutes for the Raptors.

If the Raptors believe there’s still more potential to unlock in Johnson, they could bring him back as a member of their regular-season roster in 2020/21. If they want to free up his roster spot, he’ll be a candidate to be traded or released within the next week or two.

Assuming he plays out the season on his current deal, Johnson will be an unrestricted free agent in 2021.