Transactions Rumors | Hoops Rumors

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.

DeMar DeRozan To Exercise 2020/21 Player Option

November 16th, 2020 at 12:45pm CST by Luke Adams

Spurs wing DeMar DeRozan will exercise his player option for 2020/21, putting off free agency for another year, reports Chris Haynes of Yahoo Sports (Twitter link). The move will guarantee DeRozan’s $27,739,975 salary.

DeRozan, 31, had a strong season for San Antonio in 2019/20, averaging 22.1 PPG, 5.6 APG, and 5.5 RPG with an impressive .531 FG% in 68 games (34.1 MPG).

Back in March, before the season went on hiatus due to the coronavirus pandemic, one report suggested that DeRozan would likely opt out if he didn’t receive an extension from the Spurs, while a separate report indicated the veteran scorer wasn’t thrilled with his situation in San Antonio.

The financial impact of the pandemic made DeRozan’s decision to opt in a fairly simple one, however. Only two or three teams will have the cap room necessary to have matched his option salary, and those teams finished in the lottery and may not have made DeRozan a top priority. He’ll be better off trying his luck on the open market in 2021, when more clubs will have cap flexibility.

Of course, just because DeRozan is under contract for one more year, that doesn’t mean he’ll spend the entire season with the Spurs. San Antonio is believed to be shopping some of its veterans, including DeRozan, who reportedly drew interest from the Lakers before they agreed to acquire Dennis Schröder. We’ll see if any other suitors pop up in the coming days for the former Raptor.

Photo courtesy of USA Today Sports Images.

Blazers’ Mario Hezonja Opting In For 2020/21

November 16th, 2020 at 11:26am CST by Luke Adams

Trail Blazers swingman Mario Hezonja will pick up his player option, opting in for the 2020/21 season, reports Michael Scotto of HoopsHype (Twitter link). As a result, Hezonja will forgo free agency until 2021 and will lock in a $1,977,011 guaranteed salary with Portland for the upcoming season.

Hezonja, 25, averaged a career-worst 4.8 PPG in a part-time role for the Blazers in 2019/20. In 53 games (16.4 MPG), he chipped in 3.5 RPG and shot just 42.2% from the field, including 30.8% on three-pointers.

Although he was the fifth overall pick in the 2015 draft, Hezonja has failed to develop into a reliable rotation player in Orlando, New York, or Portland since entering the league. It’s not even a certainty he would have received minimum-salary offers if he had opted for free agency this fall, so his decision to exercise his option comes as no surprise — we’ll see if he sticks with the Blazers or gets included in a trade before the 2021 deadline.

Accounting for Hezonja’s modest salary doesn’t impact the Blazers’ cap outlook in any real way. Portland projects to be an over-the-cap team this offseason.

Rodney Hood, who is coming off an Achilles tear, is the other Blazer who holds a player option for 2020/21. The expectation is that he’ll pick up his $6MM option.

Anthony Davis, Rajon Rondo, Kentavious Caldwell-Pope Opting Out

November 16th, 2020 at 9:20am CST by Luke Adams

As expected, Lakers veterans Anthony Davis, Kentavious Caldwell-Pope, and Rajon Rondo are officially opting out of their contracts in order to reach free agency, according to reports from Chris Haynes of Yahoo Sports, Shams Charania of The Athletic, and Brad Turner of The Los Angeles Times (all Twitter links).

Those decisions had been considered formalities at this point, as reports a month ago indicated that Davis, Caldwell-Pope, and Rondo all planned to turn down their player options for 2020/21. Those plans have now been confirmed.

Davis will technically be the No. 1 free agent on the open market this fall, but he’s not expected to consider any pitches from rival teams. The plan is to re-sign with the Lakers for the maximum salary ($32.74MM), which is higher than his option salary ($28.75MM) would have been.

According to Dave McMenamin of ESPN, the Lakers intend to present several different contract options to Davis and agent Rich Paul and will work with him on the deal that makes him feel most comfortable. A five-year contract is considered unlikely — the two sides are more likely to agree to a two- or three-year deal that features a player option in its final season.

Rondo and Caldwell-Pope, meanwhile, are expected to receive plenty of interest from rival suitors. Turner cites the Clippers and Hawks as two clubs expected to pursue Rondo, whom the Lakers are reportedly bracing to lose.

As for Caldwell-Pope, teams are under the impression that he’s open to offers, and he’s expected to have several suitors, according to Charania, who previously identified Atlanta as one team likely to “emerge with interest.” The Lakers and KCP are believed to have strong mutual interest — after having agreed to trade Danny Green, the Lakers will likely make it a priority to re-sign their free agent three-and-D wing.

Photo courtesy of USA Today Sports Images.