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Nuggets To Decline 2024/25 Team Option On Vlatko Cancar

June 23rd, 2024 at 11:14am CST by Rory Maher

The Nuggets have decided to decline their 2024/25 team option on Vlatko Cancar, a source tells Bennett Durando of The Denver Post (Twitter links).

However, it sounds like there’s mutual interest in a reunion.

As Durando observes, the Nuggets are declining the $2,346,606 option due to luxury tax concerns. But if Cancar re-signs with Denver on a minimum-salary deal, he would project to make $2,432,511 in ’24/25 while the Nuggets would carry a cap hit of $2,093,637.

Durando believes the 27-year-old is “likely” to return to the Nuggets on a one-year, veteran’s minimum contract.

Cancar missed the entire ’23/24 season after tearing the ACL in his left knee last summer. As Durando notes, Cancar has been preparing to play with the Slovenian national team ahead of the country’s Olympic qualifying tournament, which takes place early next month in Greece.

A former second-round pick who was stashed overseas for a couple years before coming stateside in 2019, Cancar averaged 5.0 PPG and 2.1 RPG on .476/.374/.927 shooting in 60 games (14.8 MPG) in ’22/23, when the Nuggets won their first championship.

The full list of team option decisions for next season can be found right here. June 23 was the deadline for Denver’s decision on Cancar, but most other decisions aren’t due until June 29.

Suns’ Drew Eubanks Declining 2024/25 Player Option

June 21st, 2024 at 2:33pm CST by Rory Maher

Suns center Drew Eubanks is declining his $2.65MM player option for 2024/25 to become an unrestricted free agent, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Eubanks, 27, signed a one-plus-one (second-year player option) deal with Phoenix last summer, appearing in 75 games and averaging 5.1 PPG, 4.3 RPG and 0.8 BPG as the team’s primary backup center (15.6 MPG).

Most players who decline their options have an idea of potential interest from rival teams — that seems likely to be the case here too, though that’s just my speculation.

As Gerald Bourguet of PHNX Sports observes (via Twitter), Eubanks didn’t fit particularly well in his lone season with the Suns, so the decision for him to opt out could be mutually beneficial. Phoenix will be on the lookout for a backup center with Eubanks presumably switching teams.

A former undrafted free agent who played three years of college ball for Oregon State, Eubanks got his NBA start with the Spurs on a two-way deal back in ’18/19. He spent three-plus seasons with San Antonio before being traded and then released by Toronto. He caught on with the Blazers a couple weeks later, finishing the ’21/22 and ’22/23 seasons with Portland.

The 6’9″ big man holds career averages of 5.9 PPG, 4.6 RPG and 0.8 BPG in 323 regular season games, including 71 starts (15.9 MPG). He has shot 60.6% from the field and 73.4% from the free throw line over the past six seasons.

The full list of 2024/25 player option decisions can be found here.

LeBron James Reportedly Expected To Decline Player Option

June 21st, 2024 at 12:03pm CST by Rory Maher

Lakers superstar forward LeBron James is expected to decline his $51.4MM player option for 2024/25 to become an unrestricted free agent, according to Dan Woike of The Los Angeles Times. The four-time MVP faces a June 29 deadline to finalize that decision.

Woike’s report isn’t surprising. Rich Paul of Klutch Sports, James’ agent, referred to his longtime friend and client as an impending free agent during a TNT Sports altcast at the end of last month before attempting to walk back the comment. Opting out would give James, the NBA’s all-time leading scorer, the opportunity to negotiate a full no-trade clause if he re-signs with with the Lakers. A return to L.A. is widely viewed as the likely outcome.

Due to the Over-38 rule, James will be limited to a three-year contract, though the 39-year-old is reportedly may not be looking to play for more than a couple more seasons.

In his 21st season in ’23/24, James averaged 25.7 PPG, 7.3 RPG, 8.3 APG and 1.3 SPG on .540/.410/.750 shooting across 71 regular season contests (35.3 MPG). He averaged 27.8 PPG, 6.8 RPG, 8.8 APG, 2.4 SPG and 1.0 BPG on .566/.385/.739 shooting in the Lakers’ first-round playoff loss to Denver.

James extended his own NBA record last season by making his 20th All-NBA team, all of which have come consecutively. Kobe Bryant, Kareem Abdul-Jabbar and Tim Duncan are all tied in second place with 15 total nods each. James also made his 20th straight All-Star appearance in ’23/24.

Woike’s story is largely focused on the Lakers’ decision to hire J.J. Redick as their new head coach. Woike confirms the Lakers were genuinely interested and optimistic about their pursuit of UConn’s Dan Hurley, who ultimately spurned L.A. to stay with the Huskies. According to Woike, one person in a “prominent” role with the Lakers said they had “never been more shocked” in their life when they learned of the team’s secretive pursuit of Hurley.

Thunder Trade Josh Giddey To Bulls For Alex Caruso

June 21st, 2024 at 10:43am CST by Rory Maher

The Thunder have officially traded Josh Giddey to the Bulls for Alex Caruso, the two teams confirmed in press releases. Our full trade breakdown from Thursday can be found here.

While Chicago’s statement doesn’t have any quotes from the front office, Thunder head of basketball operations Sam Presti was remarkably transparent, at least from his perspective, about how and why the trade transpired.

“We want to thank Josh for his many contributions to our team and know he will capitalize on the opportunities before him in Chicago.

“When we drafted Josh in 2021 he was an essential aspect of our vision for the next iteration of the Thunder. Since then, our team has evolved rapidly and dynamically in ways we could never have anticipated. Therefore, as we began our internal discussions this offseason, it was determined that bringing Josh off the bench next season was our best option to maximize his many talents and deploy our team more efficiently over 48 minutes.

“As we laid out to Josh how he could lean into his strengths and ultimately optimize our current roster and talent, it was hard to for him to envision, and conversations turned to him inquiring about potential opportunities elsewhere. As always was the case, Josh demonstrated the utmost professionalism throughout the discussions. Josh has All-Star potential, but accessing that in the current construct of the Thunder would not be optimal for the collective. Based on these discussions we decided to move forward and prioritize what was best for the organization.

“Alex Caruso is a player we have always highly valued and followed. He is the quintessential Thunder player; he is an exceptional competitor and teammate with a multi-dimensional skillset. His presence and game will help elevate the core of our team as we continue to strive to build a sustainably elite program in Oklahoma City. Alex is a player that began his professional career with the Thunder/Blue and the opportunity to add him was something we felt would truly enhance our team and culture. We could not be more excited to see Alex in Thunder blue (again).”

A former sixth overall pick who is still only 21 years old, Giddey was brought off the bench for the first time in his career during the Thunder’s second-round series vs. Dallas due to shooting and defensive struggles. The Australian guard/forward, who is a very talented rebounder and passer, will be a restricted free agent next summer if he doesn’t sign a rookie scale extension with Chicago this offseason.

Caruso, meanwhile, has become one of the NBA’s best perimeter defenders, earning All-Defensive team nods each of the past two seasons. He’s also a more accomplished shooter than Giddey, with superior accuracy (38.0% vs. 31.0%) from three-point range during his career. The 30-year-old is headed for unrestricted free agency in 2025 if he doesn’t sign an extension before the 2024/25 campaign ends.

Bulls, Thunder To Swap Alex Caruso, Josh Giddey

June 20th, 2024 at 4:11pm CST by Luke Adams

The Bulls and Thunder have reached an agreement on a trade that will send guard Alex Caruso to Oklahoma City, with guard Josh Giddey heading to Chicago, reports Adrian Wojnarowski of ESPN.

The deal isn’t official yet, but it sounds like it will be a straight-up, one-for-one swap. It won’t include any draft compensation, according to Joel Lorenzi of The Oklahoman and Marc Stein (Twitter links)

Caruso, one of the NBA’s best point-of-attack defenders, has earned All-Defensive nods and Defensive Player of the Year votes in each of the last two seasons. The 30-year-old has also developed into a reliable three-point shooter, making 40.8% of his 4.7 attempts per game in 2023/24 to push his career rate to 38.0%.

In 71 total games for the Bulls last season, Caruso averaged a career-high 10.1 points, 3.8 rebounds, 3.5 assists, and 1.7 steals in 28.7 minutes per contest, with a .468/.408/.760 shooting line. He’ll add even more defensive firepower to a Thunder team that ranked fourth in defensive rating (111.0) in ’23/24 and also features lockdown defenders like Luguentz Dort and Cason Wallace.

The Bulls had resisted trade offers for Caruso in recent years, but decided to part with him as he enters the final year of his current contract. He’ll earn $9.89MM in 2024/25 and will be extension-eligible beginning in July, though he won’t become eligible for his maximum extension (four years, $78MM+) until six months after the trade.

If he doesn’t sign a new contract with Oklahoma City at some point during the coming league year, Caruso will reach unrestricted free agency next summer. However, Wojnarowski (Twitter links) reports that the Thunder had pursued the veteran guard for a while and are making the deal with an eye toward keeping him long-term.

As Kevin O’Connor of The Ringer points out (via Twitter), it will be a reunion for Oklahoma City and Caruso, who played for the OKC Blue in the G League under Mark Daigneault in 2016/17.

Giddey, the sixth overall pick in the 2021 draft, started all 210 regular season games he played for the Thunder over the past three seasons and showed intriguing upside as a play-maker during that time. His best season came in 2022/23, when he averaged 16.6 points, 7.9 rebounds, and 6.2 assists per game on .482/.325/.731 shooting.

However, Giddey took a step back in ’23/24, averaging a career-low 12.3 PPG and 4.8 APG as his playing time dipped from 31.1 MPG to 25.1 MPG. While he improved his three-point percentage to 33.7%, he remained inconsistent from beyond the arc, resulting in opposing defenses sagging off of him. That led to the Thunder eventually moving him to the second unit for the first time in his career during the team’s second-round playoff series vs. Dallas.

Giddey was also the subject of investigations by the NBA and local police due to allegations that he engaged in an inappropriate relationship with a minor, but both the league and police closed their investigations into that matter due to a lack of corroborating evidence.

According to Wojnarowski (via Twitter), the Bulls had been “determined” to find a play-maker capable of replacing Lonzo Ball, who has been sidelined due to knee problems since January of 2022 and is entering the final year of his contract. There’s optimism in Chicago that Giddey, still just 21 years old, will have a clearer path to realizing his full potential in a situation where he has the ball in his hands more often — he often ceded ball-handling duties to Shai Gilgeous-Alexander in Oklahoma City.

The deal will save the Bulls a little money in 2024/25, with Giddey set to earn $8.35MM in the final year of his rookie contract. The difference between that figure and Caruso’s isn’t massive, but could end up being significant, given that Chicago’s team salary could approach or surpass the luxury tax line this offseason.

Like Caruso, Giddey will be extension-eligible with his new team. The Bulls will have until the day before the start of the regular season to negotiate a rookie scale extension with their new lead guard. If they don’t come to terms by that point, he would be on track for restricted free agency in 2025.

As cap expert Yossi Gozlan observes (via Twitter), this will be the first time the Bulls have made a trade involving a player since August 2021. It sounds like it probably won’t be the last deal the team makes this summer, with Zach LaVine and Ball said to be among the other trade candidates to watch.

Warriors’ Gary Payton II Picks Up 2024/25 Player Option

June 19th, 2024 at 11:17am CST by Luke Adams

Warriors guard Gary Payton II has exercised his player option for the 2024/25 season, reports Kendra Andrews of ESPN (Twitter link). While most player option decisions are due on June 29, Payton’s deadline to opt in was June 19.

The move will guarantee Payton a $9.13MM salary for next season, putting him on track to reach unrestricted free agency in 2025 if he doesn’t sign a contract extension before then. He’ll be extension-eligible for the entire 2024/25 league year, beginning in July.

A stalwart perimeter defender, Payton averaged 5.5 points, 2.6 rebounds, and 1.1 assists in 15.5 minutes per game across 44 appearances off the bench for the Warriors last season, with a shooting line of .563/.364/.609. The 31-year-old has been affected by injuries over the past couple years, appearing in just 66 total regular season games since playing in 83 total contests (71 regular season, 12 playoffs) for Golden State’s title-winning team in 2021/22.

At the end of the Warriors’ season in April, Payton expressed a desire to remain with the team and referenced the possibility of “redoing” his deal, leading to speculation that he might turn down his option in order to sign a longer-term contract with a smaller starting salary, giving Golden State some additional short-term cap flexibility. However, while that scenario was explored, the numbers didn’t make for both sides, according to Anthony Slater of The Athletic.

Payton’s decision to opt in means the club will have to account for his $9MM+ cap hit, pushing team salary closer to the luxury tax threshold. The Warriors now have $137MM in guaranteed money on their books for eight players in 2024/25. That figure doesn’t include the $5MM non-guaranteed portion of Kevon Looney‘s contract, Chris Paul‘s $30MM non-guaranteed salary, or a potential deal for free agent swingman Klay Thompson. The luxury tax line next season projects to be just north of $171MM.

As Slater points out, Payton’s opt-in doesn’t necessarily mean he’ll spend next season in Golden State, since his expiring contract could be a useful salary-matching piece in a trade. But as long as he’s healthy, the veteran guard is the team’s best backcourt defender and a valuable role player — his +5.8 net rating was the second-best mark among Warriors regulars in 2023/24, Slater notes.

Lakers’ Christian Wood Opts In For 2024/25

May 7th, 2024 at 11:31am CST by Luke Adams

Lakers big man Christian Wood has exercised his player option for 2024/25, league sources tell Michael Scotto of HoopsHype (Twitter link). The move guarantees Wood’s $3,036,040 salary for next season, postponing his free agency until 2025.

Wood, 28, remained on the free agent market for over two months last summer despite averaging 16.6 points, 7.3 rebounds, and 1.8 assists in 25.9 minutes per game across 67 appearances for Dallas in 2022/23. He eventually signed a two-year, minimum-salary contract with the Lakers that featured a player option on the second season.

Wood played a limited role in Los Angeles, averaging 6.9 PPG and 5.1 RPG in 50 games (17.4 MPG). His shooting percentages – 46.6% from the floor and 30.7% on three-pointers – were both well below his career rates and his season came to an early end when he was sidelined by a left knee injury in February that forced him to undergo arthroscopic surgery in March.

The veteran forward/center was technically cleared to play in the final two games of L.A.’s first-round series vs. Denver, but the club opted not to use him after such a long layoff.

Given how much trouble he had finding a favorable deal in free agency a year ago, it’s no surprise that Wood opted into the second year of his existing contract after a down season that ended with a major injury. His option decision doesn’t necessarily mean he’ll be back in Los Angeles for ’24/25, since he could be a trade candidate this offseason.

Wood is the second player to pick up a player option this spring, joining Bulls guard Lonzo Ball. The full list of pending player option decisions – which features four more Lakers, including LeBron James – can be found right here.

Bulls’ Lonzo Ball Picks Up 2024/25 Player Option

May 4th, 2024 at 3:28pm CST by Luke Adams

Bulls point guard Lonzo Ball has exercised his player option for 2024/25, locking in his $21.4MM salary for next season, sources tell Adrian Wojnarowski of ESPN (Twitter link).

The decision was a no-brainer, given that Ball hasn’t played a game since January 2022 due to knee problems. He has undergone a series of procedures on his troublesome left knee, including receiving a cartilage transplant in 2023.

There’s hope that the latest of those surgeries will help get him back on the court next season, but given the uncertainty surrounding his prognosis, there’s obviously no chance that Ball would have been able to exceed $21.4MM on the open market if he had declined his option in favor of free agency.

Ball spent two seasons with the Lakers and two more with the Pelicans before being sent from New Orleans to Chicago in a sign-and-trade deal during the 2021 offseason.

During the first half of his first season as a Bull, Ball looked like a steal on his new four-year, $80MM contract, making a major two-way impact as the team’s starting point guard. He averaged 13.0 points, 5.4 rebounds, 5.1 assists, and 1.8 steals in 34.6 minutes per game across 35 appearances before being sidelined. The Bulls went 22-13 in those games, but haven’t had the former No. 2 overall pick available in the two-plus years since then.

Ball picking up his player option doesn’t necessarily mean that he’ll be on the Bulls’ roster in 2024/25. If his injury is ultimately deemed to be career-ending by a Fitness to Play panel, the club would be permitted to let him go without his $21.4MM cap hit counting against its books. It’s also possible the 26-year-old could be included in a trade for salary-matching purposes, given that his contract isn’t as onerous now that it’s expiring.

If Ball remains on the roster and his recovery continues to progress as hoped, it’s possible we’ll see him in a Bulls uniform again next season. During his lengthy absence, younger guards like Coby White and Ayo Dosunmu have emerged as reliable backcourt contributors in Chicago, but if Ball looks anything like he did before his injury, he’d be worthy of rotation minutes.

Suns Sign Grayson Allen To Four-Year, $70MM Extension

April 16th, 2024 at 1:57pm CST by Arthur Hill

APRIL 16: Allen’s contract extension is official, the Suns announced today in a press release.

“Grayson embodies our values and we are committed to him being a key member of our core as we continue to build together into the future,” Suns president of basketball operations James Jones said in a statement. “He has been outstanding for us this season, leading the league in three-point shooting while providing a versatile skillset and competitive spirit on both ends of the floor. Phoenix has become a home for Grayson and his family, and we are thrilled that they want to be part of this community and our winning culture for years to come.”

“I love being in Phoenix and believe in what we can achieve here,” Allen added in a statement of his own. “Thank you to Mat Ishbia and the organization for embracing me. I’m excited to make a long-term commitment to remain in this community and continue building with this team.”

APRIL 15: Grayson Allen has agreed to a four-year, $70MM extension with the Suns, according to Adrian Wojnarowski of ESPN. The deal, which includes a player option for the final season, was confirmed to Wojnarowski by Allen’s agents, Mitch Nathan, Aaron Mintz and Steven Heumann of CAA Basketball.

Allen has thrived in his first year in Phoenix, becoming the NBA’s leader in three-point shooting percentage this season at 46.1%. He also reached career highs by averaging 13.4 points, 3.9 rebounds, 3.1 assists and 33.5 minutes per game while making 73 starts.

Wojnarowski notes that the new contract will continue to escalate the Suns’ tax bill, which has exploded since Mat Ishbia bought the team midway through last season. Allen will make $15.6MM next season, pushing the team’s projected payroll to $206MM. That will result in an estimated $104MM in luxury tax payments, which would be the highest figure in the league.

Phoenix is currently projected to exceed the second apron by $16MM in 2024/25, Woj adds, triggering the most severe restrictions under the new Collective Bargaining Agreement. The Suns won’t be permitted to send out cash in trades, aggregate contracts or make use of a preexisting trade exception. They also won’t be able to trade their 2032 first-round pick if they finish next season above the second apron.

Allen had been headed for unrestricted free agency this summer, so the agreement locks up an important part of the Suns’ offense for at least three more seasons. With Phoenix already well above the salary cap, the team would have faced few options for replacing Allen if he had signed elsewhere.

The 28-year-old guard had bounced around the league since being selected by Utah with the 21st pick in the 2018 draft. The Suns were his fourth team in six years when they acquired him last summer as part of the three-team deal that sent Damian Lillard to Milwaukee. Allen had been a starter for the Bucks the past two seasons, but he was able to fully unlock his game on a Phoenix team where he’s surrounded by elite scorers in Kevin Durant, Devin Booker and Bradley Beal.

Taze Moore Signs Rest-Of-Season Hardship Deal With Blazers

April 14th, 2024 at 2:57pm CST by Alex Kirschenbaum

Free agent guard Taze Moore has inked a rest-of-season deal on the final day of the 2023/24 regular season in order to play for the Trail Blazers in their season finale, the team has announced (Twitter link).

The Blazers previously announced (via Twitter) that they will be missing 10 players today as they wrap up their year at the Golden 1 Center against the Kings. Portland currently occupies the bottom seed in the Western Conference at 21-60, while the 45-36 Kings are fighting for play-in tournament seeding.

Portland has all 15 of its standard roster spots filled, meaning that this Moore contract will be a hardship exception deal. Moore had previously signed a 10-day contract with the Trail Blazers in January — this will technically be considered his second 10-day with the club, though it’ll only cover a single day before expiring.

Across his three games with Portland, the 6’5″ shooting guard averaged a scant 3.3 MPG, posting 2.0 PPG on 60% field goal shooting.

The Houston product, 25, has primarily been in the G League this season, splitting his time between Portland’s NBAGL affiliate, the Rip City Remix, and the Mavericks’ squad, the Texas Legends. All told, he logged averages of 14.7 PPG on .487/.328/.727 shooting, along with 6.4 APG, 4.9 RPG and 1.4 SPG.