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Tyus Jones Officially Joins Grizzlies After Wolves Decline To Match Offer Sheet

July 11th, 2019 at 7:27pm CST by Luke Adams

JULY 11: Jones’ contract with the Grizzlies is now official, per a press release from the team.

JULY 9: The Timberwolves have opted not to match Tyus Jones‘ three-year offer sheet with the Grizzlies, reports ESPN’s Adrian Wojnarowski (via Twitter). The decision, which was due by midnight eastern time, will pave the way for the restricted free agent to finalize his deal with Memphis and become the newest member of the Grizzlies’ backcourt.

Gersson Rosas, the Wolves’ new president of basketball operations, has issued a statement confirming that the Wolves will let Jones join the Grizzlies, as Darren Wolfson of SKOR North relays (via Twitter).

“We sincerely thank Tyus for his contributions on the court and Tyus and the entire Jones family for their genuine impact on the Twin Cities community,” Rosas said. “We wish them nothing but the best in Memphis.”

Jones became the first restricted free agent of the 2019 offseason to sign an offer sheet on Sunday. It’s the second consecutive year that the Grizzlies have used their mid-level exception to poach an RFA from a Western Conference rival — they did so with Spurs forward Kyle Anderson a year ago.

Jones, 23, averaged 6.9 PPG, 4.8 APG, and 1.2 SPG last year in 68 games (22.9 MPG) for Minnesota. While his numbers don’t jump off the page, he’s a solid defender who grades out well analytically. He’ll join a Grizzlies point guard rotation that figures to feature a heavy dose of No. 2 overall pick Ja Morant, along with newly-acquired youngster De’Anthony Melton. Memphis sent longtime point guard Mike Conley to Utah and signed-and-traded Delon Wright to Dallas earlier this offseason.

According to Bobby Marks of ESPN.com (via Twitter), Jones’ three-year deal has a first-year base value of $8.4MM with $850K in likely bonuses. It has a descending structure but can be worth close to $27MM in total. The former Duke Blue Devil told Sean Deveney this week that he’s “excited” to join the Grizzlies, and hopes to help establish a winning culture in Memphis (Twitter link).

As Marks notes, the Timberwolves – having just claimed Tyrone Wallace on waivers – would have been slightly over the tax line if they had matched Jones’ offer sheet. Additionally, the Wolves are pursuing maximum-salary cap room in 2020 and adding Jones’ multiyear deal to their books would’ve complicated that goal, tweets Wojnarowski.

With Jones and departed free agent Derrick Rose out of the picture, Minnesota has Jeff Teague, Shabazz Napier, and Wallace in the mix at point guard. The team may continue to explore its options to fortify the position.

Now that Jones is off the board, only one restricted free agent – Kelly Oubre of the Suns – remains on the market.

Photo courtesy of USA Today Sports Images.

Jonas Valanciunas Re-Signs With Grizzlies

July 11th, 2019 at 7:22pm CST by Arthur Hill

JULY 11: The Grizzlies have officially re-signed Valanciunas, the team announced today in a press release.

JUNE 30: The Grizzlies and Jonas Valanciunas have agreed to terms on a three-year, $45MM deal, tweets ESPN’s Adrian Wojnarowski.

According to Chris Herrington of The Daily Memphian (via Twitter), the contract will have a descending structure, so it will likely start around $16MM. Wojnarowski first reported (via Twitter) several hours before free agency began that Valanciunas would be staying in Memphis on a three-year, $45MM deal.

The Grizzlies acquired the 27-year-old center in a February trade that sent Marc Gasol to Toronto. Valanciunas put up career-best number in 19 games with Memphis, averaging 19.9 points and 10.7 rebounds per night.

The fifth pick in the 2011 draft, Valanciunas was part of the Raptors’ foundation for six and a half years before being traded. Earlier this month, he opted out of a $17,617,976 salary for next season.

At three years, Valanciunas’ new contract will expire before the Grizzlies’ next deal for Jaren Jackson Jr., notes Chris Herrington of The Daily Memphian (Twitter link).

Photo courtesy of USA Today Sports Images.

Heat Sign Chris Silva To Exhibit 10 Deal

July 11th, 2019 at 7:15pm CST by ChrisCrouse

The Heat have signed Chris Silva to an Exhibit 10 deal, according to a team press release. The forward has been playing for the franchise’s Summer League team in Las Vegas.

Silva was not selected in the 2019 draft out of South Carolina, though he did work out for the team during the pre-draft process. He spent four years at the University, earning All-SEC First Team honors as a senior.

Miami also announced that it has signed Jeremiah Martin to a similar deal. It was reported after the draft that the guard would join the Heat on an Exhibit 10 pact.

Alec Burks Signs With Warriors

July 11th, 2019 at 5:46pm CST by Luke Adams

JULY 11: Burks has officially put pen to paper on his deal with the Warriors, the team announced on its Twitter feed.

JULY 8: After initially reaching an agreement with the Thunder early in free agency, guard Alec Burks will instead sign a one-year contract with the Warriors, agent JR Hensley tells Shams Charania of The Athletic (Twitter link).

As Charania explains (via Twitter), since Burks and Mike Muscala agreed to sign with the Thunder before the Paul George trade developed, Oklahoma City allowed both players to re-evaluate their situations, if they so chose. Muscala remains committed to the Thunder, but Burks will head to Golden State instead of OKC.

“Alec was extremely appreciative about how the Thunder handled the situation and he’s looking forward to his new opportunity,” Hensley told Charania.

A former lottery pick, Burks is a career 35.5% three-point shooter and can defend perimeter players, so he figures to become part of Golden State’s wing rotation. Last season, he appeared in a total of 64 games for the Jazz, Cavaliers, and Kings, averaging 8.8 PPG, 3.7 RPG, and 2.0 APG in 21.5 minutes per contest.

While terms of Burks’ deal weren’t reported, it will almost certainly be a minimum-salary deal, given the Warriors’ cap constraints.

Sixers Sign Kyle O’Quinn

July 11th, 2019 at 3:05pm CST by Dana Gauruder

JULY 11: The Sixers continue to finalize their contract agreements from the first week of free agency, announcing today in a press release that they’ve officially signed O’Quinn.

JULY 1: Veteran big man Kyle O’Quinn will sign a one-year contract with the Sixers, Kyle Neubeck of The Philly Voice tweets.

O’Quinn will receive the veteran’s minimum and provide depth behind Joel Embiid and Al Horford, who has committed to the Sixers in free agency.

O’Quinn will be joining his fourth team during his NBA career. He played three seasons for the Magic and another three for the Knicks. Last season, he played a backup role for the Pacers, appearing in 45 games and averaging 3.5 PPG and 2.6 RPG in 8.2 MPG.

In a separate transaction, the team has renounced the rights to 2017 first-round pick Anzejs Pasecniks, Sam Amick of The Athletic tweets. The 23-year-old center was a draft-and-stash prospect. Pasecniks wants to play in the NBA next season and the Sixers did not want to add him to the roster due to salary-cap issues, Amick adds in another tweet. Pasecniks’ cap hold was $2.1MM.

Warriors Re-Sign Kevon Looney To Three-Year Deal

July 11th, 2019 at 1:15pm CST by Luke Adams

JULY 11: The Warriors have officially re-signed Looney, the team confirmed today in a press release.

JULY 2: Looney’s new deal features a third-year player option, tweets Mark Medina of The Mercury News.

JULY 1: The Warriors will bring back free agent big man Kevon Looney, according to Shams Charania of The Athletic, who reports (via Twitter) that the two sides have agreed to a three-year, $15MM deal. As Charania details (via Twitter), the Warriors met with Looney over the weekend and reached an agreement with him and agent Todd Ramasar on Monday.

Looney, the 30th overall pick in the 2015 draft, hasn’t put up huge numbers during his four seasons in Golden State, but he has becoming an increasingly important part of the team’s rotation in recent years.

In 2018/19, the 23-year-old averaged 6.3 PPG and 5.2 RPG on 62.5% shooting in 80 games (18.5 MPG) for the Warriors. While he generally came off the bench, he emerged as the team’s most reliable center in the postseason due to his ability to switch on defense and hold his own against perimeter players.

The Warriors held Looney’s Bird rights this offseason, which gave them the ability to offer him any salary up to the max. However, by acquiring D’Angelo Russell in a sign-and-trade deal with the Nets, Golden State will face a hard cap of $138.9MM, the amount of the tax apron.

It wasn’t clear whether the Warriors would find a way to squeeze Looney – arguably their most important free agent beyond Klay Thompson and Kevin Durant – below that hard cap, since he appeared likely to receive plenty of interest on the open market. However, the Dubs got a good price to bring him back, and will presumably fill most of the rest of their roster with minimum-salary contracts to sneak below that $138.9MM threshold.

Bobby Marks of ESPN.com goes into detail on just how close the Warriors project to come to that hard cap.

Photo courtesy of USA Today Sports Images.

Bulls Re-Sign Ryan Arcidiacono

July 11th, 2019 at 12:14pm CST by ChrisCrouse

JULY 11: The Bulls have officially re-signed Arcidiacono, per NBA.com’s transactions log.

JULY 2: The Bulls are bringing back Ryan Arcidiacono on a three-year deal, Shams Charania of The Athletic tweets. The point guard will make $9MM over the three seasons.

Chicago will likely wait to make the deal official until after using their cap room. The team has commitments to Thaddeus Young and Tomas Satoransky (via sign-and-trade) that it will need to complete using cap space.

Satoransky and Arcidiacono will join Coby White and Kris Dunn in what is becoming a crowded point guard picture in Chicago. There have been rumors that the Bulls are exploring the trade market for a deal involving Dunn.

Arcidiacono played in 81 games during his sophomore NBA season averaging 6.7 PPG, 3.3 APG, and 2.7 RPG in 24.2 minutes per contest.. The Langhorne, Pennsylvania native signed on with the Bulls during the summer of 2017 after going undrafted out of Villanova.

Hawks Sign Jabari Parker To Two-Year Deal

July 11th, 2019 at 11:48am CST by Luke Adams

JULY 11: The Hawks have officially signed Parker, the team confirmed today in a press release.

“Jabari is a highly skilled offensive player and proven scorer, and we’re looking forward to incorporating him into our group,” Hawks GM Travis Schlenk said in a statement. “We think he will fit well on the court and in the locker room, and we’re excited to welcome him to Atlanta.”

JULY 8: The Hawks and forward Jabari Parker have agreed to terms on a two-year contract, his agency Priority Sports announced today (via Twitter). According to Shams Charania of The Athletic (via Twitter), the two-year pact will be worth $13MM, with a second-year player option.

The No. 2 overall pick in the 2014 draft, Parker averaged 20.1 PPG in 51 games with the Bucks in 2016/17. However, that season ended early due to a torn ACL and the 24-year-old hasn’t made the same impact since then for Milwaukee, Chicago, and Washington.

Last year, Parker signed a two-year, $40MM contract with the Bulls, which featured a second-year team option. He was traded to the Wizards in a deadline deal and averaged 14.5 PPG, 6.6 RPG, and 2.4 APG on .493/.313/.712 shooting in 64 total games for the two teams. Washington turned down his 2019/20 option, allowing him to reach the open market as an unrestricted free agent.

It took Parker more than a week to find a new home, which made him a match for the Hawks, whose GM Travis Schlenk had stated this spring that the club would likely wait out the first wave of free agency to see who slipped through the cracks. Parker, the only unrestricted free agent still on the board from our top-50 list, fit that bill. He could become a starting forward in Atlanta, though he may slot in better as a second-unit scorer.

The Hawks were one of the few NBA teams with cap room still available, so no exception will be required to sign Parker. They still project to have about $6.2MM in space left after the signing, per Jeff Siegel of Early Bird Rights (Twitter link).

Photo courtesy of USA Today Sports Images.

Dorian Finney-Smith Re-Signs With Mavericks

July 11th, 2019 at 10:32am CST by Arthur Hill

JULY 11: The Mavericks have officially re-signed Finney-Smith, the team announced today in a press release.

JULY 2: The Mavericks will bring back restricted free agent Dorian Finney-Smith on a three-year, $12MM contract, tweets Shams Charania of The Athletic.

The third-year forward signed with Dallas in 2016 after going undrafted out of Florida. He missed most of the 2017/18 season with tendinitis in his left knee, but bounced back strong this year, averaging 7.5 points and 4.8 rebounds in 81 games.

The Mavericks have been active since free agency began Sunday, re-signing Kristaps Porzingis, Maxi Kleber and J.J. Barea, reaching an extension agreement with Dwight Powell and adding sharpshooting guard Seth Curry.

Dallas is emphasizing continuity and now has seven players whose contracts will run for at least three years, tweets Brad Townsend of The Dallas Morning News. Dallas is also pursuing Danny Green and may have room for another free agent as well.

The Mavs will be able to keep Finney-Smith’s sub-$2MM cap hold on their books and make their other offseason moves before going over the cap to lock up the forward using his Bird rights.

Photo courtesy of USA Today Sports Images.

Raptors Sign Terence Davis To Two-Year Contract

July 11th, 2019 at 9:18am CST by ChrisCrouse

JULY 11: Davis’ deal is now official, the Raptors announced today in a press release.

JULY 7: Terence Davis will join the Raptors on a two-year deal, Shams Charania of The Athletic tweets. The first-year of the deal is fully guaranteed.

Davis, who went undrafted in June out of Ole Miss, turned down multiple two-way deals with hopes of finding an NBA deal, Charania adds. Toronto will come to an agreement with the combo guard on a day where the franchise also agreed to sign Rondae Hollis-Jefferson.

Davis was playing for the Nuggets Summer League team. He had an impressive day on Sunday, scoring 22 points in Denver’s contest. Davis will no longer play for the Nuggets’ team in Las Vegas.