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Hawks, Danilo Gallinari Finalizing Three-Year Deal

November 20th, 2020 at 7:31pm CST by Luke Adams

The Hawks and free agent forward Danilo Gallinari are finalizing a three-year deal worth $61.5MM, agent Michael Tellem informs ESPN’s Adrian Wojnarowski (Twitter link).

Gallinari, 32, had a strong season in Oklahoma City in 2019/20, averaging 18.7 PPG and 5.2 RPG on .438/.405/.893 shooting in 62 games (29.6 MPG). He’ll now head to Atlanta, where he’ll become one of the Hawks’ go-to scoring threats alongside Trae Young and John Collins, stretching the floor in the frontcourt.

Gallinari spoke last month about potentially prioritizing the chance to win a title over finding the most lucrative contract possible in free agency. While Atlanta is a team on the rise and badly wants to make the postseason in 2021, joining the Hawks certainly won’t give the veteran forward his best chance at a championship.

Still, it’s hard to fault Gallinari for opting for a lucrative long-term deal, since this may have been his last, best opportunity to secure a big multiyear payday. According to Wojnarowski (via Twitter), the $61.5MM that Gallinari will receive is the largest amount ever on a multiyear contract for a player in his 30s who has never made an All-Star team.

The Hawks, who entered the evening with more cap room available than any other NBA team, still have about $26MM to work with, per ESPN’s Bobby Marks (Twitter link).

An earlier report indicated that Atlanta was confident about landing at least two players from a group that included Gallinari, Rajon Rondo, Joe Harris, and Davis Bertans, so those are the players to watch for the Hawks. Given the positional overlap between Bertans and Gallinari and the fact that Harris is considered likely to re-sign in Brooklyn, Rondo looks like the team’s best bet.

Photo courtesy of USA Today Sports Images.

Kings Sign De’Aaron Fox To Five-Year Max Extension

November 20th, 2020 at 6:55pm CST by Luke Adams

NOVEMBER 25: The Kings have officially locked up Fox to his new five-year extension, per the NBA’s transactions log. He’ll earn just over $8MM in 2020/21 before his new deal begins in ’21/22.

NOVEMBER 20: The Kings and De’Aaron Fox have agreed to a five-year, maximum-salary contract extension, reports Shams Charania of The Athletic (via Twitter). The new deal will go into effect starting in 2021/22, with Fox playing out the final year of his rookie contract in ’20/21.

According to Charania, the deal will start at 25% of the cap unless Fox meets certain Rose Rule criteria, in which case it could be worth up to 30% of the cap. ESPN’s Bobby Marks (Twitter link) reports that the Rose Rule terms in Fox’s new deal call for a starting salary of 26% of the cap if he makes the All-NBA Third Team, 28% for All-NBA Second Team, and 30% for All-NBA First team.

The exact value of Fox’s new contract will depend on where the 2021/22 cap lands. If it increases by 3% over this year’s figure, which is currently the expectation, Fox would earn $163MM over five years on the standard max, or up to $195.6MM if he meets his Rose Rule criteria.

For the Kings, it’s a massive investment in their cornerstone player, who averaged a career-best 21.1 PPG to go along with 6.8 APG, 3.8 RPG, and 1.5 SPG in 51 games (32.0 MPG) last season. While it will be interesting to see how lottery pick Tyrese Haliburton fits alongside Fox, Sacramento is making it clear with this move that the Haliburton pick has no impact at all on Fox’s long-term future with the franchise.

The Kings will now have three players earning more than $20MM annually beginning in 2021/22, though Harrison Barnes‘ and Buddy Hield‘s futures in Sacramento are far less certain than Fox’s.

Fox is one of a handful of players eligible for a rookie scale extension this offseason who is expected to receive the max. Jayson Tatum and Donovan Mitchell are also in line for maximum-salary deals.

Photo courtesy of USA Today Sports Images.

Jazz Sign Derrick Favors To Three-Year Contract

November 20th, 2020 at 6:39pm CST by Luke Adams

NOVEMBER 25: Favors’ new deal with the Jazz is now official, per the NBA’s transactions log.

NOVEMBER 20: The Jazz and center Derrick Favors are reuniting, according to Tony Jones of The Athletic, who reports (via Twitter) that the two sides have reached an agreement on a deal.

Jones says the three-year pact will be worth about $27MM, with a third-year player option (Twitter link). That suggests that Utah is using nearly its full mid-level exception on Favors.

The Jazz and Favors have been linked for several weeks, with Favors spending time in Utah from 2011-2019. The team traded him to New Orleans last year in exchange for 2021 and 2023 second-round picks.

This past season, Favors averaged nine points, 9.8 rebounds and 24.4 minutes per game with the Pelicans, starting in 49 of his 51 contests. The veteran big man was drafted third overall back in 2010 after spending one season at Georgia Tech.

For Utah, Favors is expected to provide frontcourt production behind the likes of Bojan Bogdanovic and Rudy Gobert. The Jazz lost a grueling seven-game series to Denver in the first round of the 2020 NBA playoffs, playing without Bogdanovic due to injury.

Hoops Rumors’ JD Shaw contributed to this report. Photo courtesy of USA Today Sports Images.

Pistons Sign Jahlil Okafor To Two-Year Contract

November 20th, 2020 at 6:20pm CST by Dana Gauruder

DECEMBER 1: Okafor’s agreement with the Pistons is now official, the team announced in a press release.

NOVEMBER 20: The Pistons added another big man to their stockpile of frontcourt players, as they’re signing Jahlil Okafor to a two-year contract, Adrian Wojnarowski of ESPN tweets. Okafor will sign for the veteran’s minimum, Rod Beard of the Detroit News tweets.

Detroit has added a number of centers and power forwards in recent days. It drafted Isaiah Stewart in the middle of the first round on Wednesday and traded for Dewayne Dedmon. The Pistons also reached a three-year agreement with Nuggets free agent Mason Plumlee.

All this makes it more unlikely their top free agent, Christian Wood, will return. It’s still conceivable they could make a sign-and-trade deal with one of Wood’s pursuers.

Okafor has spent the last two seasons with the Pelicans. He contributed 8.1 PPG, 4.2 RPG and 1.2 APG in 15.6 MPG in 30 appearances last season. Like Plumlee, Okafor is not a 3-point threat. The third overall pick in the 2015 draft has averaged 11.0 PPG and 5.0 RPG in 220 career games.

Clippers Re-Sign Patrick Patterson

November 20th, 2020 at 6:18pm CST by Luke Adams

NOVEMBER 25: Patrick Patterson’s deal with the Clippers is now official, per a team press release.

NOVEMBER 20: The Clippers are bringing back veteran forward Patrick Patterson on a one-year contract, his agent Sam Goldfeder tells Adrian Wojnarowski of ESPN (Twitter link).

While Wojnarowski didn’t provide the terms of the contract, it’s probably safe to assume it’s another minimum-salary contract. Bobby Marks confirms as much (via Twitter).

Patterson, 31, spent the 2019/20 season with L.A. and played part-time minutes for the club, averaging 4.9 PPG and 2.6 RPG in 59 games (13.2 MPG). He shot the ball well from beyond the arc (.390 3PT%) but is unlikely to see his role expand going forward and will provide frontcourt depth off the bench.

The Clippers are expected to try to re-sign at least one or two more of their free agent forwards, with Marcus Morris and JaMychal Green also on the open market.

Magic Sign Dwayne Bacon To Two-Year Deal

November 20th, 2020 at 5:47pm CST by JD Shaw

NOVEMBER 24: The Magic have made it official with Bacon, issuing a press release to formally announce his deal.

NOVEMBER 20: The Magic are signing free agent guard Dwayne Bacon to a two-year deal, according to Vincent Goodwill of Yahoo Sports (Twitter link).

The agreement includes a team option in the second season, with all indications being that Bacon will sign for the minimum salary exception, Josh Robbins of The Athletic tweets.

Bacon spent last season with the Hornets, who declined to extend him a qualifying offer this week. He averaged 5.7 points, 2.6 rebounds and 17.6 in 39 games, shooting just 35% from the floor.

Bacon, 25, was the No. 40 pick in the 2017 NBA Draft. He’s spent the past three seasons with Charlotte, appearing in a total of 135 games. The move to Orlando will reunite him with former Hornets head coach Steve Clifford.

Orlando finished with the eighth-best record in the Eastern Conference last season at 33-40. The team sports a young nucleus that includes Aaron Gordon, Markelle Fultz, Jonathan Isaac and Mohamed Bamba, along with veterans such as Evan Fournier and Terrence Ross.

Pistons Sign Mason Plumlee To Three-Year Deal

November 20th, 2020 at 5:47pm CST by Luke Adams

DECEMBER 1: Plumlee’s deal with the Pistons is now official, the team announced in a press release.

NOVEMBER 20: The Pistons have agreed to a three-year, $25MM deal with free agent center Mason Plumlee, agent Mark Bartelstein tells ESPN’s Adrian Wojnarowski (Twitter link).

Plumlee, who has served as Nikola Jokic‘s backup in Denver in recent years, is a solid, steady option in the middle who moves the ball well on offense. He averaged 7.2 PPG, 5.2 RPG, and 2.5 APG in 61 games (17.3 MPG) for Denver in 2019/20.

As Bobby Marks of ESPN notes (via Twitter), the Pistons had about $10MM in projected cap room before free agency began, so it sounds like a good chunk of that money will go to Plumlee. It’s not clear what this means for Christian Wood‘s future — he overlaps positionally with Plumlee to some extent, and this deal reduced the team’s cap flexibility. However, it’s possible that additional moves will reopen a path to re-signing Wood.

The Nuggets, meanwhile, have now lost one of their three frontcourt players that reached unrestricted free agency this evening. Denver is expected to make an effort to re-sign both Jerami Grant and Paul Millsap.

Spurs Waive Metu, Re-Sign Eubanks

November 20th, 2020 at 5:44pm CST by Dana Gauruder

NOVEMBER 24: The Spurs have officially re-signed Eubanks, per the NBA’s transactions log. According to Keith Smith of Yahoo Sports (Twitter link), only the first year of the big man’s three-year, minimum-salary contract is guaranteed. The second year has a partial $500K guarantee and the third year is non-guaranteed.

NOVEMBER 20: The Spurs have waived forward Chimezie Metu, according to a team press release. They’re re-signing big man Drew Eubanks on a three-year contract, ESPN’s Adrian Wojnarowski tweets.

The three-year deal for Eubanks is worth $5.29MM, Michael Scotto of HoopsHype tweets. That makes the deal a minimum-salary contract.

Metu, a 2018 second-round pick, was never able to establish consistent playing time in San Antonio. He appeared in 47 games over the last two seasons, averaging 2.3 PPG and 1.5 RPG in 5.3 MPG.

Eubanks passed Metu in the pecking order by the end of last season, as Jeff McDonald of the San Antonio Express-News tweets. The undrafted Eubanks, 23, appeared in 22 games last season, averaging 4.9 PPG and 3.9 RPG in 12.4 MPG. He also flashed some shot-blocking ability, swatting 11 shots in San Antonio’s last seven games during the restart.

Eubanks, a two-way player last season, received a qualifying offer from the Spurs this week.

Lakers Sign Wesley Matthews To One-Year Contract

November 20th, 2020 at 5:27pm CST by Luke Adams

NOVEMBER 22: The Lakers have officially announced their deal with Matthews, according to Bill Oram of The Athletic (Twitter link).

NOVEMBER 20: Free agent swingman Wesley Matthews intends to sign a contract with the Lakers, reports Shams Charania of The Athletic (Twitter link). Matthews turned down a player option with Milwaukee to reach free agency this week.

The Lakers’ deal with Matthews will be a one-year pact worth $3.6MM, says Charania (via Twitter). It sounds like the club will use its bi-annual exception – which has an exact value of $3,623,000 – to lock up the 34-year-old.

Although Matthews’ prime years are behind him, he remains a reliable three-and-D option, having started all 67 games he appeared in for the NBA-best Bucks last season. He recorded 7.4 PPG, 2.5 RPG, and 1.4 APG with a .364 3PT% in 24.4 minutes per contest, and has never made fewer than 36.0% of his threes in a single season since entering the league.

The Lakers were in need of a wing who could shoot, with Danny Green having been traded away and Avery Bradley departing in free agency. Matthews can fill that role without breaking the bank.

The Lakers will be hard-capped at $138.93MM this season as a result of using the bi-annual exception.

Heat Re-Sign Meyers Leonard

November 20th, 2020 at 5:06pm CST by Luke Adams

NOVEMBER 22: Leonard has put pen to paper on his new contract, making it official, the Heat announced (via Twitter).

NOVEMBER 20: Free agent center Meyers Leonard tells Tim Reynolds of The Associated Press (Twitter link) that he plans to re-sign with the Heat.

He’ll get a two-year deal that includes a team option on year two, according to Reynolds, who adds (via Twitter) that the deal is expected to start at around $9MM. It’ll be worth close to $20MM overall, per ESPN’s Adrian Wojnarowski (via Twitter). The second-year team option will allow the Heat to protect their cap room for 2021.

“I wanted nothing more than to come back to Miami. Literally nothing more,” Leonard told Reynolds (Twitter link).

Leonard, 28, was the Heat’s starting center for most of the 2019/20 season, averaging 6.1 PPG and 5.1 RPG with a solid .509/.414/.643 shooting line in 51 games (20.3 MPG). He saw his role reduced in the postseason, but Miami was still interested in continuing the relationship going forward.

Heat president Pat Riley indicated earlier this week that he wanted to “run this thing back” with the squad that made it to the NBA Finals this year, and it sounds like the team is making good on that vow. In addition to reaching an agreement with Leonard, the Heat have already struck a deal to re-sign Goran Dragic.