Transactions Rumors | Hoops Rumors

Heat’s Kevin Love Declining Player Option

June 29th, 2024 at 10:07am CST by Tristan Tucker

Heat forward Kevin Love is turning down his player option for next season, according to ESPN’s Adrian Wojnarowski (Twitter link). Love will become an unrestricted free agent as a result of declining that $4MM option.

Even though Love is declining his option, the two sides are enthusiastic about reaching a new deal in the opening days of free agency, Wojnarowski reports. Love has spent the past season and a half with the Heat after being bought out by the Cavaliers ahead of the 2023 trade deadline.

Love has been one of the more underrated buyout pickups of the last few years, immediately settling into a veteran leader role while averaging 8.5 points and 6.0 rebounds in 76 games with the Heat (22 starts). He was also a big part of Miami’s run to the NBA Finals in 2022/23, averaging 6.9 points and 5.6 rebounds per game while shooting 37.5% from deep (4.4 attempts) in 20 postseason appearances.

Love, 35, is a five-time NBA All-Star and former champion with the Cavaliers in ’15/16. He has played 929 games (684 starts) while holding career averages of 16.5 points and 10.1 rebounds. According to Basketball-Reference.com, Love has a 73.47% chance to be inducted into the Naismith Basketball Hall of Fame.

According to the Miami Herald’s Anthony Chiang, one option could be for Love to re-sign with the Heat at his minimum of about $3.3MM with an additional year attached (Twitter link). That would give the team some extra wiggle room under the second apron to keep some of its own free agents.

Clippers’ Russell Westbrook Exercising 2024/25 Player Option

June 29th, 2024 at 10:02am CST by Rory Maher

Former NBA MVP Russell Westbrook is exercising his 2024/25 player option to return to the Clippers, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

As our player option decisions tracker shows, Westbrook will earn just over $4MM next season. His contract is fully guaranteed. June 29 is the deadline for player options for the ’24/25 season.

The 35-year-old guard primarily came off the bench last season for Los Angeles, averaging 11.1 PPG, 5.0 RPG, 4.5 APG and 1.1 SPG on .454/.273/.688 shooting in 68 regular season games (22.5 MPG). He struggled in the Clips’ first-round playoff loss to Dallas, averaging 6.3 PPG, 4.2 RPG, 1.7 APG and 1.2 SPG on .260/.235/.615 shooting in six games (19.0 MPG).

Either Westbrook was content to return to L.A. or he wasn’t confident he could exceed his $4MM option as an unrestricted free agent (or perhaps both). For what it’s worth, the veteran’s minimum for a player with Westbrook’s experience is projected to be just over $3.3MM in ’24/25.

A Long Beach native who played two years of college ball at UCLA, Westbrook is one of the most accomplished players in NBA history, making nine All-Star and All-NBA teams over the course of his 16-year career. He has led the league in points per game twice, assists per game three times, won All-Star game MVP twice, and was named to the NBA’s 75th anniversary team in 2021.

While he’s clearly past his peak, Westbrook still brings his trademark energy and tenacity every time he steps on the court.

Marc Stein reported last week that Westbrook exercising his option might not preclude the Clippers from exploring other options at backup point guard, with Chris Paul and Kyle Lowry among the names who have been linked to L.A.

Magic To Decline Joe Ingles’ Team Option

June 29th, 2024 at 9:48am CST by Tristan Tucker

The Magic are declining Joe Ingles‘ team option for the 2024/25 season, Adrian Wojnarowski of ESPN reports (Twitter link). As a result of the move, the veteran wing will be an unrestricted free agent.

Ingles was set to make $11MM next season, but with his option declined, Orlando projects to have $44MM in cap space, which can increase to over $50MM if Moritz Wagner‘s team option is also declined, according to ESPN’s Bobby Marks (Twitter link). Marks also notes Jonathan Isaac is on a $17.4MM non-guaranteed contract.

While Ingles is hitting the open market, Wojnarowski reports the two sides are expected to continue dialogue through free agency next week.

The 36-year-old Ingles signed with the Magic last season after playing for the Bucks the year before. In 68 games with Orlando, Ingles averaged 4.4 points but shot 43.5% on his 2.4 three-point attempts per game.

Ingles began his career in 2014 with Utah, where he spent eight seasons. In total, he holds career averages of 8.1 points on a 41.0% clip from deep.

Blazers Exercising 2024/25 Team Option On Dalano Banton

June 29th, 2024 at 9:40am CST by Rory Maher

The Trail Blazers are exercising their 2024/25 team option on Dalano Banton, reports ESPN’s Adrian Wojnarowski (via Twitter).

As our team option decision tracker shows, Banton is slated to make a $2,196,970 next season. However, that figure is non-guaranteed. Now that his option has been picked up, his deal is partially guaranteed for $217,533, with multiple trigger dates to follow.

A report back in April said Portland was expected to pick up its option on Banton’s contract, so the move doesn’t come as a surprise.

The 46th pick of the 2021 draft, Banton was traded to Portland from Boston in a salary-dump move ahead of the February deadline. In part due to injuries, Banton received extended playing time down the stretch of the ’23/24 season for the Blazers, averaging 16.7 PPG, 4.8 RPG and 3.9 APG in 30 games, including eight starts (29.2 MPG).

While those counting stats are impressive, the 24-year-old struggled with scoring efficiency, posting a .408/.311/.780 shooting line over that span. That slash line is quite similar to his career mark (.409/.289/.729) — working to improve those percentages will be a key for Banton moving forward.

Still, obviously the Blazers were impressed enough with the 6’9″ guard to exercise their option on his deal. Despite being a former second-round pick, Banton has only played on standard contracts to this point in his career. The Toronto native spent his first two seasons with his hometown Raptors.

Nets Agree To Exhibit 10 Deals With KJ Jones, Mark Armstrong

June 29th, 2024 at 7:41am CST by Luke Adams

June 29: Armstrong is joining the Nets on an Exhibit 10 deal, Adam Zagoria of NJ.com reports (Twitter link). The Nets currently have just one player signed to a two-way contract for next season (Jaylen Martin), so it’s feasible that Armstrong winds up competing for one of those two-way slots. Armstrong is a former four-star prospect with USA Basketball experience.

June 27: The Nets have reached an agreement on an Exhibit 10 contract with high-scoring Division II guard KJ Jones, according to Jon Chepkevich of DraftExpress.com (Twitter link).

Jones, who played his college ball at Emmanuel University in Georgia, has averaged 26.2 points per game in back-to-back seasons and scored more than 3,600 total points over the course of his five-year collegiate career. He posted a shooting line of .482/.371/.868 across those five seasons, also logging career averages of 5.7 rebounds, 3.0 assists, and 1.6 steals per contest.

As Chepkevich notes, Jones was the only Division II prospect to receive an invitation to the Portsmouth Invitational Tournament this spring.

Villanova’s Mark Armstrong may also be joining the Nets’ offseason roster, with Jake Weingarten of StockRisers.com tweeting that Brooklyn has reached a deal with the former Villanova standout. However, there are no additional details on that agreement (ie. whether it’s for a two-way contract, an Exhibit 10 deal, etc.), so it’s possible Armstrong is just joining the team for Summer League for now.

The former Wildcats guard registered averages of 8.4 PPG, 2.4 APG, and 2.3 RPG on .417/.282/.776 shooting as a sophomore in 2023/24 before declaring for the draft as an early entrant.

Lakers’ Jaxson Hayes Picking Up 2024/25 Player Option

June 29th, 2024 at 1:17am CST by Luke Adams

Lakers big man Jaxson Hayes is exercising his minimum-salary ($2.46MM) player option for the 2024/25 season, sources tell Shams Charania of The Athletic (Twitter link).

The eighth overall pick in the 2019 draft, Hayes spent his first four NBA seasons in New Orleans before signing with Los Angeles last summer. Although he appeared in 70 games for his new team, the fifth-year center played a limited role in the Lakers’ frontcourt, averaging a career-low 12.5 minutes per game. He contributed 4.3 points and 3.0 rebounds per contest in that modest role.

As Charania points out, if he remains on the Lakers’ roster through the offseason, Hayes will get the opportunity to reunite with J.J. Redick, L.A.’s new head coach and Hayes’ former teammate in New Orleans.

The Lakers entered the offseason with five veterans holding player options. Big man Christian Wood picked up his $3.04MM option in May, while Russell ($18.69MM) and Hayes ($2.46MM) are said to be opting in too. Cam Reddish ($2.46MM) and, of course, LeBron James ($51.42MM) still have decisions to finalize before Saturday’s deadline.

Lakers’ D’Angelo Russell Exercising 2024/25 Player Option

June 29th, 2024 at 1:03am CST by Luke Adams

Lakers point guard D’Angelo Russell intends to exercise the player option on his contract for the 2024/25 season, he tells Jordan Richard of Swish Cultures (Twitter link). Shams Charania of The Athletic (Twitter link) confirms the news, as does ESPN’s Dave McMenamin (Twitter link).

“I love what (new Lakers head coach) J.J. (Redick) is about and I really see myself thriving under his guidance to help win at a high level,” Russell told McMenamin.

The move will guarantee Russell’s $18,692,307 salary for next season. Rather than becoming an unrestricted free agent this summer, the 28-year-old will postpone his free agency until 2025, remaining on the two-year, $36MM deal he signed with the Lakers last July.

Russell is coming off one of the best seasons of his NBA career. He averaged 18.0 points, 6.3 assists, and 3.1 rebounds in 32.7 minutes per game across 76 regular season outings (69 starts), posting a shooting line .456/.415/.828.

However, for a second straight spring, he struggled vs. Denver in the postseason. His 2024 playoff averages dipped to 14.2 PPG, 4.2 APG, and 2.8 RPG on .384/.318/.500 shooting. A year earlier, he shot just 32.3% (13.3% on threes) in the Western Conference finals vs. the Nuggets and was removed from the starting five.

Russell’s player option decision was considered one that could go either way, since opting out would’ve given him more control over his future. Opting in will lock in his ’24/25 salary, but it doesn’t necessarily ensure he’ll remain in Los Angeles, since he looks like a prime trade candidate for a Lakers team seeking roster upgrades.

Russell ($18.7MM), Rui Hachimura ($17MM), and Gabe Vincent ($11MM) have been viewed as a few possible outgoing salary-matching pieces in the event L.A. takes a swing on the trade market for another impact player to complement star forwards LeBron James and Anthony Davis. Of those three players, only Russell is on an expiring contract — Hachimura and Vincent each have guaranteed salaries for 2025/26.

The Lakers are expected to be “aggressive in pursuing Russell-centric trades,” team and league sources tell Jovan Buha of The Athletic. If Russell does remain with the Lakers, he’d be in position to reclaim his starting point guard role next season, but Buha says the team considers the Russell/Austin Reaves backcourt duo to have a “clear ceiling” and prefers to keep Reaves, who is younger, a better defender, and on a more team-friendly contract.

QO Updates: Heat, Magic, Quinones, Lundy, Williams, Nuggets

June 28th, 2024 at 7:43pm CST by Luke Adams

The Heat have issued qualifying offers to two of their three two-way players, announcing in a press release that they’ve made forward Cole Swider and guard Alondes Williams restricted free agents. Miami’s other two-way player, forward Jamal Cain, isn’t mentioned in the announcement, with Anthony Chiang of The Miami Herald tweeting that Cain isn’t expected to receive a qualifying offer.

Because Cain has finished each of the past two seasons on a two-way contract with the Heat, his qualifying offer would have been a one-year, minimum-salary contract with a small partial guarantee, whereas the QOs for Swider and Williams will be for one-year, two-way deals.

According to Chiang, the expectation is that Cain won’t be back with the Heat next season. Not getting a QO means he’ll be an unrestricted free agent this summer.

We have more qualifying offer news from around the NBA:

It appears that guard Trevelin Queen will be the only Magic two-way player to receive a qualifying offer this offseason. Orlando put out a press release (via Twitter) confirming that Queen has been given a QO, making him a restricted free agent. However, swingman Kevon Harris won’t get a QO and Admiral Schofield – who also wasn’t mentioned in the Magic’s announcement – has signed to play in France next season. Harris and Schofield both would’ve been eligible for minimum-salary qualifying offers, while Queen’s QO is for another two-way contract.
The Warriors aren’t tendering a qualifying offer to guard Lester Quinones, per Michael Scotto of HoopsHype (Twitter link). Quinones will become an unrestricted free agent after averaging 4.4 points per game on .397/.364/.690 shooting in 37 appearances off the bench for Golden State.
The Hawks have made a qualifying offer to guard Seth Lundy, tweets Scotto. Lundy, who was on a two-way contract this past season, had a strong year in the G League, averaging 20.4 points per game and making 40.0% of his three-point attempts in 25 regular season and Showcase Cup contests for the College Park Skyhawks. His qualifying offer is the equivalent of another two-way deal.
The Rockets are issuing a two-way qualifying offer to shooting guard Jeenathan Williams, according to Scotto (Twitter link). Williams appeared in 22 games for Houston and 10 for the Rio Grande Valley Vipers in the G League in 2023/24.
Nuggets two-way players Collin Gillespie and Braxton Key aren’t expected to get qualifying offers from the team, so they’ll become unrestricted free agents when the new league year begins, sources tell Vinny Benedetto of The Denver Gazette (Twitter link).

Pistons To Decline Evan Fournier’s Team Option

June 28th, 2024 at 7:23pm CST by Tristan Tucker

The Pistons will not pick up guard Evan Fournier‘s team option for next season worth $19MM, according to The Athletic’s James L. Edwards III (Twitter link). The deadline to make a decision on Fournier’s option was Saturday.

This was an expected move, since Detroit will operate under the cap, meaning declining the option frees up $19MM in room. The Pistons acquired Fournier at the 2023/24 trade deadline from the Knicks alongside Quentin Grimes, Malachi Flynn and Ryan Arcidiacono in exchange for Bojan Bogdanovic and Alec Burks.

Fournier averaged 7.2 points in 29 games with the Pistons after the deadline after playing sparingly for the Knicks over the past two seasons. A skilled three-point shooter, the 31-year-old will become an unrestricted free agent and could help out a playoff team on a small salary.

Fournier had the most productive stint of his career with the Magic, where he averaged 16.2 PPG across 435 games with the franchise. For his career, Fournier has averaged 13.6 PPG on a 37.4% three-point clip (5.2 attempts per game).

Heat’s Josh Richardson Exercising 2024/25 Player Option

June 28th, 2024 at 6:17pm CST by Luke Adams

Heat wing Josh Richardson is picking up his minimum-salary player option for 2024/25, reports Shams Charania of The Athletic (Twitter link). The move will guarantee Richardson’s $3,051,153 salary for next season, lining him up to be a free agent in 2025.

Richardson began his career in Miami in 2015 and spent his first four NBA seasons with the team. After bouncing around the league from 2019-23, with stints in Philadelphia, Dallas, Boston, San Antonio, and New Orleans, he returned to the Heat as a free agent last summer, signing a two-year, minimum-salary deal that included a player option on year two.

The reunion didn’t play out quite as hoped, as health issues limited Richardson to 43 games and ended his season early. When he was available, he averaged 9.9 points, 2.8 rebounds, and 2.4 assists in 25.7 assists per night, with a shooting line of .444/.347/.944.

Richardson, who underwent a labrum procedure in March to repair right shoulder instability, is still recovering from that surgery, making it an inopportune time for him to return to free agency, so it comes as no surprise that he’ll opt in for 2024/25.

While Richardson’s expiring contract could make him a trade candidate, the Heat – who are navigating the luxury tax – will likely welcome him back at a team-friendly rate of $3MM if he’s healthy. According to Charania, the 30-year-old is expected to make a full recovery before the start of the season.

As our tracker shows, Richardson is one of four Heat veterans whose contracts include player options for 2024/25. Caleb Martin, Kevin Love, and Thomas Bryant still have decisions to make on their options.