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Pacers Sign Domantas Sabonis To Four-Year Extension

October 21st, 2019 at 5:13pm CST by Luke Adams

5:13pm: The Pacers have officially signed Sabonis to his new extension, the team confirmed in a press release.

“I’m very excited to remain with the Pacers, this is where I wanted to be,” Sabonis said in a statement. “I appreciate the organization showing their confidence in me; and I’m ready to be part of what’s going to be a great year for our team.”

3:10pm: The parade of rookie scale extensions continues on deadline day, with Pacers big man Domantas Sabonis the latest player to agree to a new long-term deal, per Shams Charania of The Athletic (Twitter link).

According to Charania, Sabonis’ new four-year extension with Indiana is worth $74.9MM (Twitter link). ESPN’s Adrian Wojnarowski (Twitter links) has the value at $77MM in guaranteed money over four years, adding that the deal could be worth up to $85MM with incentives. Sabonis’ new contract, which goes into effect in 2020/21, won’t feature any team or player options, tweets Scott Agness of The Athletic.

It has been a wild few days for the Pacers and Sabonis, with a report on Friday night suggesting that the two sides were far apart in contract negotiations, prompting the team to explore the trade market in search of a possible deal. Indiana’s asking price was said to be “too high,” so it doesn’t appear as the club ever came close to actually moving the 23-year-old.

Still, it didn’t sound as if Sabonis and the Pacers were in a great place over the weekend. Asked about the situation on Saturday, the Lithuanian replied, “I know exactly how the Pacers feel about me now,” an apparent reference to those trade rumors. Given today’s news, that comment could have a very different meaning now, as the Pacers were willing to invest even more heavily in Sabonis than they did a year ago in Myles Turner, who received a four-year, $72MM deal.

Both Sabonis and Turner should be very movable on their new long-term contracts, so that’s still a path the Pacers could eventually explore. For now though, the plan is to play the two big men alongside one another in the starting lineup. That approach had mixed results last season, but the Pacers are invested in committing more time and energy to making it work.

Sabonis, 23, only started five games last season after making 85 starts in his first two seasons, but he still enjoyed his best season as a pro, averaging 14.1 PPG, 9.3 RPG, and 2.9 APG in just 24.8 minutes per contest.

He and Turner, along with newly-acquired guard Malcolm Brogdon, will be tasked with helping the Pacers get off to a good start this season while their MVP – Victor Oladipo – remains on the shelf due to a quad injury.

Photo courtesy of USA Today Sports Images.

Kings Sign Buddy Hield To Four-Year Extension

October 21st, 2019 at 5:03pm CST by Luke Adams

5:03pm: Hield’s extension is now official, according to a press release issued by the Kings.

“Buddy has made tremendous growth each season since joining the team and we are thrilled that he will remain a King as we continue to build an exciting future here in Sacramento,” general manager Vlade Divac said in a statement. “He has quickly established himself as an elite shooter in the league and is an important part of our young, dynamic core.”

11:24am: The Kings and shooting guard Buddy Hield have reached an agreement on a four-year rookie scale extension worth $86MM in guaranteed money, reports Sam Amick of The Athletic (Twitter link). According to Amick, the deal will feature another $20MM in incentives. Carmichael Dave of KHTK Sports 1140 (Twitter link) first reported that the two sides were expected to finalize an agreement in advance of today’s deadline.

ESPN’s Adrian Wojnarowski tweets that the four-year deal is worth $94MM and can reach up to $106MM, which suggests that perhaps $8MM of that $20MM in bonus money is tied to “likely” incentives rather than “unlikely” incentives, though we’ll have to wait for the full details.

A source tells Amick (Twitter link) that Hield’s incentives will be both team- and player-based, with All-Star berths and NBA Finals appearances among the ways the sharpshooter can maximize his earnings. Woj adds (via Twitter) that there will be “reachable” incentives related to three-point shooting.

Hield’s salaries will also descend annually, per Amick. Like Harrison Barnes‘ new four-year, $85MM contract with the Kings, Hield’s deal will start in the $24MM range and decline to $18MM+ by year four. That will allow the franchise to maximize its cap flexibility in later years, when pricey new deals for De’Aaron Fox and Marvin Bagley could go into effect.

Hield’s four-year extension won’t feature any team or player options, notes Chris Haynes of Yahoo Sports (Twitter link).

Hield enjoyed an underrated breakout season in 2018/19, establishing new career highs in PPG (20.7), RPG (5.0), APG (2.5), and several other categories. He increased his productivity while maintaining his impressive efficiency, converting 42.7% of 7.9 three-point attempts per game.

His 278 three-pointers in ’18/19 placed him seventh on the NBA’s all-time list for threes in a single season. Only Stephen Curry (four times), James Harden (2018/19), and Paul George (2018/19) have ever made more outside shots in a season.

Despite Hield’s impressive ascent, he and the Kings had a gap to bridge in contract negotiations this fall as they attempted to get something done before the season and avoid having the former first-round pick become a restricted free agent next summer. Hield used increasingly escalating rhetoric in conversations with reporters, even hinting at a trade demand if he and the Kings couldn’t work out a new long-term deal.

A recent report indicated that Hield was seeking $110MM over four years, while Sacramento was offering $90MM. While we don’t know for sure that those numbers were accurate, the terms of his new deal suggest a compromise — at worst, he’ll earn $86MM over four seasons, but that number could be significantly higher if he hits several of his bonus benchmarks.

If Hield had reached the open market in 2020, he would’ve been eligible for a four-year, maximum-salary offer sheet worth up to an estimated $124.7MM, based on the league’s latest cap projections. However, he always seemed willing to accept less than the max from the Kings in order to avoid a year of uncertainty. Amick notes (via Twitter) that players and agents are also a little worried about the China situation negatively impacting the cap next year and beyond.

With another $24MM+ in guaranteed salary on their books for 2020/21, the Kings are extremely unlikely to be a major player in free agency next summer. And with Hield off the market, an already weak ’20 free agent class looks even less intriguing.

Jaylen Brown (Celtics), Domantas Sabonis (Pacers), and Malik Beasley (Nuggets) are among the top extension-eligible players who still have until 6:00pm eastern time to sign new deals to avoid restricted free agency next year.

Photo courtesy of USA Today Sports Images.

Kings Claim Forward DaQuan Jeffries

October 21st, 2019 at 4:57pm CST by Dana Gauruder

The Kings have claimed rookie swingman DaQuan Jeffries off waivers, Shams Charania of The Athletic tweets.

Jeffries was one of five players waived by the Magic on Saturday. The 6’5” Jeffries, who played college ball at Tulsa, was ranked by ESPN’s Jonathan Givony as the fourth-best prospect who wasn’t drafted in 2019. He posted 13.0 PPG, 5.6 RPG, 1.2 BPG, and 1.0 SPG in his final college season, shooting .502/.366/.755. Jeffries made five brief appearances during Orlando’s preseason games but didn’t score.

Tyler Lydon will likely be waived to clear a roster spot for Jeffries, James Ham of NBC Sports Bay Area tweets. The former Nuggets forward signed a two-year, minimum-salary pact with Sacramento in July but only $50K was guaranteed in the first year.

Lakers Cut Devontae Cacok, Demetrius Jackson

October 21st, 2019 at 4:43pm CST by Luke Adams

The Lakers have finalized their roster for the regular season, announcing today in a press release that they’ve waived Devontae Cacok and Demetrius Jackson.

Los Angeles took the decision down to the wire, but Cacok and Jackson were always the most likely players to be released. The Lakers have 14 players on fully guaranteed salaries, with Dwight Howard and his non-guaranteed contract set to occupy the 15th and final slot on the standard roster.

Cacok or Jackson could have received a two-way contract, but the Lakers have already filled both of those slots as well, with Zach Norvell Jr. and Kostas Antetokounmpo starting the season as the club’s two-way players.

Although Cacok and Jackson had non-guaranteed contracts, the Lakers will be on hook for two days’ worth of their minimum salaries, since they won’t clear waivers until the second day of the regular season.

Grizzlies To Decline Josh Jackson’s Option

October 21st, 2019 at 4:39pm CST by Dana Gauruder

The Grizzlies are declining Josh Jackson‘s fourth-year option, which will make him an unrestricted free agent at the end of this season, Chris Herrington of The Daily Memphian tweets.

Jackson, who will make a little over $7MM this season, was due to receive $8.93MM in 2020/21 if Memphis had chosen to pick up the option.

Jackson was a huge disappointment in his two seasons with the Suns, who selected him with the No. 4 overall pick in 2017. He averaged 12.3 PPG, 4.5 RPG and 1.9 APG in 156 games with Phoenix. He only started 29 of 79 games last year for one of the league’s worst teams.

His unspectacular play, coupled with some troubling incidents off the court, convinced Phoenix to ship him to Memphis this offseason in what was essentially a salary dump.

He will start this season in the G League after skipping training camp. However, if Jackson can turn his career around, the Grizzlies might still be interested in re-signing him, Herrington adds.

Pistons Waive Joe Johnson

October 21st, 2019 at 4:31pm CST by Luke Adams

4:31pm: The Pistons have officially waived Johnson, per a press release from the team. A source tells Vince Ellis of The Detroit Free Press (Twitter link) that Iso Joe isn’t giving up on his NBA comeback and plans to pursue other opportunities.

2:27pm: The Pistons are waiving veteran forward Joe Johnson, league sources tell ESPN’s Adrian Wojnarowski (Twitter link). The move should pave the way for Detroit to finalize its regular season roster, with Christian Wood claiming the final spot on the 15-man squad.

Johnson, who didn’t play in the NBA during the 2018/19 season, turned heads with his performance in Ice Cube‘s 3-on-3 league earlier this year. The 17-year NBA veteran showed he still had something left in the tank during his BIG3 run, ranking atop the league in scoring, winning the MVP award, and leading his team to a championship.

That performance helped earn Johnson a partially guaranteed deal in Detroit. However, the team still had 14 players on guaranteed contracts and Wood – who had a non-guaranteed salary – made a strong case to be part of the regular season roster. The Pistons reportedly explored trade options to open another roster spot, with Langston Galloway and Khyri Thomas among the candidates to be moved, but ultimately decided to release Johnson.

An injury may have also been a factor in the Pistons’ decision, as Chris Haynes of Yahoo Sports reports (via Twitter) that Johnson was experiencing swelling in his Achilles. According to Haynes, tests came back clean and Johnson was responding well to treatment. Still, for a 38-year-old who hasn’t played in the NBA in over a year, any health issues should be approached with caution.

With Johnson headed to the waiver wire, the Pistons will be on the hook for his $220K partial guarantee, assuming he goes unclaimed. Detroit’s team salary is now just $4K below the luxury tax line, tweets cap expert Albert Nahmad.

Photo courtesy of USA Today Sports Images.

Celtics Sign Jaylen Brown To Four-Year Extension

October 21st, 2019 at 4:27pm CST by Luke Adams

4:27pm: Brown’s new deal has $103MM in guaranteed money, with $4MM in likely incentives and another $8MM in unlikely incentives, a source tells Jay King of The Athletic (Twitter link).

3:59pm: The Celtics have officially announced Brown’s extension, issuing a press release to confirm the deal.

“Jaylen has made tremendous strides over the last three years and has become a fantastic player for us on both ends of the court,” Ainge said in a statement. “He’s a great person and hard worker who, at 22 years old, can score and defend against the best players in the NBA. Jaylen is a true professional who did a great job accepting his role last season, and he is a major part of our championship goals.”

2:51pm: Jaylen Brown has become the sixth player to agree to a rookie scale extension this year, having reached a four-year, $115MM deal with the Celtics, agent Jason Glushon tells ESPN’s Adrian Wojnarowski (Twitter link). The contract doesn’t feature any team or player options, tweets Chris Haynes of Yahoo Sports.

It’s an early birthday gift for Brown, who will turn 23 years old on Thursday. The former No. 3 overall pick had an up-and-down season in 2018/19 after a modest breakout performance in 2017/18, averaging 13.0 PPG, 4.2 RPG, and 1.4 APG on .465/.344/.658 shooting in 74 games (25.9 MPG).

Given Brown’s down year and the Celtics’ history of letting extension-eligible players reach restricted free agency, it initially looked as if the two sides were unlikely to work out a new deal this fall. However, Brown – who operated without an agent for his first three years in the NBA – recently hired Glushon to negotiate his extension, and his new agent came through, getting a deal done with just a few hours left before tonight’s deadline.

According to Wojnarowski (via Twitter), Glushon and Celtics president of basketball operations Danny Ainge completed the majority of their negotiations over the weekend. This is Ainge’s first rookie scale extension for a Celtic since Rajon Rondo in 2009, Woj adds.

While it’s possible that Brown could’ve done a little better in restricted free agency next summer, there isn’t a massive difference between his new deal and a maximum-salary offer sheet. Based on the NBA’s latest projections, a four-year offer sheet from a rival suitor would have been worth $124.7MM. And if the cap for 2020/21 comes in any lower than $116MM, that projected max would drop along with it.

Boston will now count on continued improvements from Brown, who should take on a greater role in 2019/20 now that veterans like Kyrie Irving, Al Horford, and Marcus Morris are no longer on the roster. Brown is coming off a strong showing for Team USA in the 2019 FIBA World Cup, and is viewed as a potential impact player at both ends of the court.

Brown joins Ben Simmons (Sixers), Jamal Murray (Nuggets), Pascal Siakam (Raptors), Buddy Hield (Kings), and Caris LeVert (Nets) as players who have worked out rookie scale extensions this offseason. Brown’s deal falls in between Siakam’s ($129MM+) and Hield’s (between $86-106MM) in terms of overall four-year value.

Photo courtesy of USA Today Sports Images.

Nets Sign Taurean Prince To Two-Year Extension

October 21st, 2019 at 4:26pm CST by Luke Adams

Before even playing a regular season game for the Nets, Taurean Prince has been locked up for an additional two years by the club.

Prince’s agent, Steve Heumann of CAA Sports, tells ESPN’s Adrian Wojnarowski (Twitter link) that the forward has agreed to a two-year, $29MM extension with Brooklyn. The Nets have put out a press release confirming that the move is official.

The acquisition of Prince was somewhat overlooked during a busy Nets offseason — he was part of the return in a trade that sent Allen Crabbe and two first-round picks to Atlanta. In addition to clearing the cap space necessary to land both Kyrie Irving and Kevin Durant, that deal netted Prince, who’s coming off a couple solid seasons with the Hawks.

Since the start of the 2017/18 campaign, Prince has averaged 13.9 PPG and 4.3 RPG with a .431/.387/.834 shooting line in 137 regular season games (29.3 MPG). The 25-year-old was Brooklyn’s leading scorer in the preseason, knocking down 16-of-23 attempts from beyond the arc. While he won’t match that 69.6% rate in the regular season, the Nets will count on him to space the floor on offense.

Although he hasn’t been with the franchise for long, Prince already appears to be sold on Brooklyn. He told Brian Lewis of The New York Post last week that he was hoping to sign a rookie scale extension.

“I want to be here as long as I can. And whatever happens, happens, but I’m just happy to play good basketball,” Prince said. “One hundred percent, yeah. For sure. This is the best organization I’ve been in.”

With Prince on the books for 2020/21, the Nets now project to have at least $135MM in team salary next year, tweets Bobby Marks of ESPN.com. That doesn’t take into account team options for Garrett Temple and others, or cap holds for possible first-round picks and free agents like Joe Harris, so Brooklyn’s roster could get quite expensive if the team wants to keep it together.

Photo courtesy of USA Today Sports Images.

Grizzlies Exercise Contract Options On Jackson Jr., Allen

October 21st, 2019 at 4:18pm CST by Dana Gauruder

The Grizzlies have exercised their 2020/21 contract options on big man Jaren Jackson Jr. and guard Grayson Allen, according to a team press release.

Jackson, the fourth pick in the 2018 draft, averaged 13.8 PPG, 4.7 RPG and 1.4 BPG during his rookie campaign. He’ll now make a guaranteed $7,257,360 next season after collecting approximately $6.93MM during his second season. The option was a mere formality for Memphis, which is building around Jackson and 2019 lottery pick Ja Morant.

Allen was selected with the No. 21 overall pick last year by the Jazz. He averaged 5.6 PPG in 10.9 MPG over 38 appearances with Utah.

Allen was part of the package Memphis received in the Mike Conley blockbuster. Allen, who is making approximately $2.43MM this season, will receive $2,545,320 in 2020/21. Allen is competing for minutes at shooting guard with Dillon Brooks and European import Marko Guduric.

Jazz Release William Howard

October 21st, 2019 at 3:36pm CST by Luke Adams

The Jazz have set their roster to start the 2019/20 season by waiving forward William Howard, the team announced today in a press release. Utah now has 15 players on standard contracts and two on two-way deals.

Howard, who will turn 26 on Friday, joined the Jazz in July after spending the last two seasons with Limoges in France. He averaged 10.6 PPG, 3.1 RPG, and 2.2 APG in 16 EuroCup games in 2018/19. In three preseason games with Utah, he put up 6.7 PPG and 2.0 RPG in 11.5 minutes per contest.

Howard had a $50K partial guarantee, so that cap charge will remain on the books for the Jazz unless he’s claimed on waivers on Wednesday. Stanton Kidd, who also had a partial guarantee, will now open the season as Utah’s 15th man.