Transactions Rumors | Hoops Rumors

Pelicans Won’t Make Qualifying Offer To Cheick Diallo

June 26th, 2019 at 6:09pm CST by clarkcrum

The Pelicans will not make a qualifying offer to forward Cheick Diallo, tweets Adrian Wojnarowski of ESPN. As a result, the 22-year-old Malian will become an unrestricted free agent on June 30.

While Diallo projects as a promising young player, the move is not entirely surprising, as the Pelicans have the opportunity to be active in free agency after trading away Anthony Davis. Even though it’s a relatively modest amount, clearing Diallo’s $1.93MM cap hold from their books creates more cap room for the team to pursue top free agents.

Additionally, the Pelicans just drafted Zion Williamson with the No. 1 overall pick and he projects to play the same position as Diallo.

Diallo, a former McDonald’s All-American, was drafted 33rd overall in 2016 by the Clippers, but was acquired by New Orleans on draft night. In three seasons, he’s averaged 12.6 minutes, 5.5 points and 4.6 rebounds per contest while appearing in 133 games.

Marc Gasol Opts In With Raptors For 2019/20

June 26th, 2019 at 4:06pm CST by Luke Adams

Raptors center Marc Gasol has exercised his 2019/20 player option, the team announced today. The move will ensure that Gasol remains under contract through next season, earning a salary of $25,595,700, per Basketball Insiders.

Gasol, who spent the first 10 years of his NBA career in Memphis, was shipped to the Raptors in a deadline deal in his 11th season as the Grizzlies pivoted into rebuilding mode. In 26 regular season games for Toronto, the 34-year-old posted the lowest averages of his career in most categories (9.1 PPG, 6.6 RPG, 24.9 MPG), but helped anchor the team’s defense and improve its ball movement on offense.

Although Gasol’s postseason numbers (9.4 PPG, 6.4 RPG, 3.0 APG) were also modest, he played a key role in the Raptors’ championship run, holding Nikola Vucevic and Joel Embiid in check during the first two rounds, then helping to protect the rim against the Bucks and Warriors – two of the NBA’s most dangerous offenses – in the Eastern Conference Finals and NBA Finals.

With Gasol’s salary for next season now locked in, the Raptors are already over the projected $109MM cap, and haven’t yet accounted for potential new deals for Kawhi Leonard and Danny Green. If Leonard returns, he’d receive a maximum-salary contract ($32.7MM), while Green seems unlikely to take a pay cut on last year’s $10MM salary. In other words, if Toronto wants to bring back its entire core, the team will be way over the projected $132MM tax line.

By picking up his option, Gasol joins several veterans teammates as potential 2020 free agents. Currently, Kyle Lowry, Serge Ibaka, Fred VanVleet, and Pascal Siakam are all on track to reach free agency in 2020, though Siakam would be restricted. Norman Powell and OG Anunoby are the only Raptors under contract beyond next season.

With Saturday’s deadline looming, only two player-option decisions – Nene (Rockets) and Nerlens Noel (Thunder) – have yet to be reported.

Photo courtesy of USA Today Sports Images.

Lakers Tender QOs To Alex Caruso, Johnathan Williams

June 26th, 2019 at 3:52pm CST by Luke Adams

The Lakers have ensured that a pair of their players will be restricted free agents this summer, announcing in a press release that they’ve issued qualifying offers to guard Alex Caruso and forward Johnathan Williams. Both players finished the 2018/19 season on two-way deals.

Caruso, 25, has been with the Lakers on a two-way contract since the start of the 2017/18 season. In 2018/19, he appeared in 25 games for the club, primarily after the All-Star break, recording 9.2 PPG, 3.1 APG, 2.7 RPG, and a .445/.480/.797 shooting line in 21.2 minutes per contest.

Because he has spent two seasons with the Lakers on a two-way deal, Caruso’s qualifying offer will be worth the veteran’s minimum (about $1.6MM). The two-way salary portion of that QO must be guaranteed.

As for Williams, the 24-year-old averaged 6.5 PPG and 4.1 RPG in 24 contests (15.5 MPG) for the Lakers last season. His qualifying offer will be a one-year, two-way contract, with a $50K guarantee.

Cap holds for Caruso and Williams will slightly cut into the Lakers’ projected cap room, but if the team needs that space, it won’t hesitate to renounce the duo. If they’re interested, they could each agree to return on new minimum-salary (Caruso) or two-way (Williams) contracts, and could finalize those deals once the Lakers use up their cap room.

Oubre, Wright, Finney-Smith, Kleber Receive QOs

June 26th, 2019 at 2:05pm CST by Luke Adams

With the qualifying offer deadline just a few days away, several more players have been tendered QOs by their respective teams, which will ensure that they become restricted free agents (rather than unrestricted) on the evening of June 30. Those players are as follows:

Kelly Oubre Jr., Suns ($4,915,726), via ESPN’s Adrian Wojnarowski (Twitter link)
Delon Wright, Grizzlies ($3,635,375), via Shams Charania of The Athletic (Twitter link)
Dorian Finney-Smith, Mavericks ($1,931,189), via ESPN’s Tim MacMahon (Twitter link)
Maxi Kleber, Mavericks ($1,818,486), via MacMahon

Oubre’s name is the most interesting one in the bunch. Wojnarowski suggests that the former Wizard will be a candidate for a significant offer sheet, especially from a team with cap room that misses out on a high-profile unrestricted free agent.

As long as Oubre remains on the Suns‘ books, he’ll carry a cap hit in the neighborhood of $9.63MM, which will cut into the club’s projected cap room. Once they acquire Aron Baynes and Dario Saric and move T.J. Warren, the Suns project to have about $14MM in cap space. That number would increase to about $23MM if Phoenix were to renounce Oubre.

Wright had a strong finish to the season for the Grizzlies after being acquired in the Marc Gasol trade at the deadline, averaging 12.2 PPG, 5.4 RPG, and 5.3 APG in 26 games for Memphis. With Mike Conley headed to Utah, Wright could be re-signed to share point guard duties with No. 2 overall pick Ja Morant.

As for Finney-Smith and Kleber, the Mavericks view them as quality role players who will fit in well with franchise cornerstones Luka Doncic and Kristaps Porzingis, says MacMahon. Because both players have such modest cap holds, they won’t compromise the team’s flexibility on the open market.

Dallas could keep those holds on the team’s books and eventually go over the cap to re-sign Finney-Smith and Kleber to new deals. The Mavs have Bird rights for Finney-Smith and Early Bird rights for Kleber.

Mavericks To Sign Josh Reaves

June 26th, 2019 at 12:29pm CST by Arthur Hill

JUNE 26: Reaves is expected to sign an Exhibit 10 deal with the Mavs rather than a two-way pact, Brad Townsend of The Dallas Morning News hears (Twitter link).

Reaves’ contract could be converted into a two-way later in the offseason, and not signing him to a two-way deal right away would allow Dallas to retain and evaluate both Macon and Antetokounmpo for a little while longer.

JUNE 21: The Mavericks will sign Penn State’s Josh Reaves to a two-way contract, tweets Jonathan Givony of ESPN. Their interest was first reported by ESPN’s Tim MacMahon (Twitter link).

The 6’5″ shooting guard averaged 10.6 points and 5.0 rebounds during his senior season with the Nittany Lions. He was named Defensive Player of the Year in the Big 10.

Dallas ended the season with its two-way spots occupied by Daryl Macon and Kostas Antetokounmpo. Both players have two-year deals, so one would need to be waived to make room for Reaves.

Tyus Jones, Danuel House To Become RFAs

June 26th, 2019 at 12:25pm CST by Luke Adams

The Timberwolves have issued a qualifying offer to point guard Tyus Jones, ensuring that he’ll be a restricted free agent when the new league year begins on Sunday, reports ESPN’s Adrian Wojnarowski (via Twitter). Jones’ qualifying offer is worth $3,573,205.

Jones, 23, played an increased role for the Wolves in 2018/19, averaging 6.9 PPG and 4.8 APG in 68 games (22.9 MPG). While his qualifying offer will make him a restricted free agent, it’s not clear whether he’s in Minnesota’s long-term plans under new head of basketball operations Gersson Rosas. The club’s point guard position is in flux this offseason, with Jeff Teague entering the final year of his contract and Jones and Derrick Rose both hitting the open market.

Meanwhile, Danuel House has yet to receive his own qualifying offer from the Rockets, but Houston will make that official in the coming days, making him an RFA, tweets Jonathan Feigen of The Houston Chronicle. House’s QO is worth a projected $1,876,700.

House emerged as a reliable rotation piece for the Rockets last season, averaging 9.4 PPG and 3.6 RPG with a .468/.416/.789 shooting line in 39 games (25.1 MPG). After the 26-year-old initially joined the team on a two-way deal, Houston attempted to sign him to a longer-term deal, but he resisted, forcing a one-year agreement.

House and his camp didn’t want to be locked into a multiyear minimum-salary contract, preferring to try their luck in restricted free agency this summer. Now they’ll get that opportunity.

Kevin Durant Declining 2019/20 Player Option

June 26th, 2019 at 10:40am CST by Luke Adams

Warriors forward Kevin Durant will decline his team option for the 2019/20 season and will become an unrestricted free agent, league sources tell ESPN’s Adrian Wojnarowski (Twitter link). The option would have paid Durant a salary worth $31.5MM, per Basketball Insiders.

While there was some speculation after Durant suffered a ruptured Achilles tendon in Game 5 of the NBA Finals that picking up his option could become a more viable path, he was always expected to turn it down. Even in the wake of his Achilles tear, which is expected to sideline him for all of the 2019/20 season, KD figures to field multiple long-term, maximum-salary offers on the open market.

Currently, Durant and business manager Rich Kleiman are in New York evaluating their options for free agency, per Wojnarowski. Woj writes that Durant’s camp is keeping the process private, while Anthony Slater of The Athletic hears from sources that KD has yet to make a final decision on where he wants to continue his NBA career.

The Warriors can – and likely will – offer Durant a five-year contract worth a projected $221MM+. Although there have been some rumblings that the circumstances surrounding Durant’s calf and Achilles injuries resulted in a breakdown in trust between him and the Warriors, that doesn’t appear to be the case, according to Wojnarowski. Woj said on ESPN’s free agency special on Tuesday night that the Warriors and KD’s camp have continued to communicate since the injury (Twitter link via Sagar Trika).

Other contenders for Durant will be limited to four-year offers worth up to about $164MM. The Nets and Knicks are viewed as the most likely outside suitors for the two-time Finals MVP, and Chris Mannix of SI.com writes that both teams are expected to offer max deals. The Mavericks will try to get into the mix, per Mannix, though that’s a longer shot. The Clippers are also said to have interest in Durant.

There has been talk for much of the year about the possibility of good friends Durant and Kyrie Irving teaming up for one of the New York teams. Irving is widely believed to be leaning toward signing with the Nets, but it’s not clear if Durant is willing to join him in Brooklyn. The Knicks have been linked more frequently to the All-NBA forward, and they’d still be interested in signing him as a “solo act,” a league source tells Mannix.

Despite some speculation that the Warriors might consider a “delayed sign-and-trade” agreement with Durant in order to get him his full five-year max without necessarily locking him into a long-term stay in the Bay Area, that’s not a concept being seriously explored by Golden State, says Slater. As Slater points out, it would be difficult and awkward and may be viewed as circumvention of the NBA’s Collective Bargaining Agreement.

Durant will be able to start talking to teams to schedule meetings as of 6:00pm eastern time on June 29, and could begin taken those meetings – or could reach an agreement with a team – as soon as 6:00pm ET on June 30.

Photo courtesy of USA Today Sports Images.

Magic Extend Qualifying Offer To Khem Birch, Amile Jefferson

June 25th, 2019 at 4:17pm CST by ChrisCrouse

The Magic have extended qualifying offers to both Khem Birch and Amile Jefferson, the team announces in a press release. Orlando had until June 29 to make a decision on the pair.

Birch, who appeared in 50 games for Orlando last season, is reportedly generating substantial interest on the market. As a restricted free agent, the Magic would have the right to match any offer sheet he receives. His qualifying offer is worth roughly $1.82MM.

Jefferson played under a two-way contract last season, appearing in just 12 games with the franchise. He spent much of his time in the G League for the team’s affiliate. Jefferson’s qualifying offer will be for another two-way contract with $50K of it guaranteed.

Blazers Issue Qualifying Offer To Jake Layman

June 25th, 2019 at 1:41pm CST by Luke Adams

The Trail Blazers have tendered a qualifying offer to forward Jake Layman, the team announced today (via Twitter). ESPN’s Adrian Wojnarowski first reported (via Twitter) that Portland would give a QO to Layman to make him a restricted free agent.

Layman, 25, has spent the first three years of his NBA career with the Blazers, but didn’t emerge as a reliable rotation player for the club until 2018/19. In 71 games (33 starts) last season, the former Maryland standout averaged 7.6 PPG and 3.1 RPG on .509/.326/.704 shooting in 18.7 minutes per contest.

The Blazers hold Layman’s Bird rights, so there will be no cap restrictions preventing the club from re-signing him. Portland does project to be a potential taxpayer though, so luxury tax considerations could dissuade the team from going too high on Layman if he draws interest from other suitors. His qualifying offer is worth $1,931,189, as we noted in our look at the Blazers’ cap situation last month.

Layman was the only Blazer eligible for restricted free agency this summer, so no further QOs are forthcoming. He’ll join teammates Al-Farouq Aminu, Seth Curry, Rodney Hood, and Enes Kanter – all of whom are unrestricted free agents – on the open market.

Magic Pick Up Wesley Iwundu’s 2019/20 Option

June 25th, 2019 at 12:01pm CST by Luke Adams

12:01pm: The Magic have made it official, announcing that they’ve exercised Iwundu’s option.

11:35am: The Magic are exercising their 2019/20 team option to retain Wesley Iwundu, reports Chris Haynes of Yahoo Sports (via Twitter). The move will lock in Iwundu’s salary for next season, which is worth $1,618,520, per Basketball Insiders.

Iwundu, the 33rd overall pick in the 2017 draft, played a regular rotation role for Orlando in his second NBA season, averaging 5.0 PPG, 2.7 RPG, and 1.1 APG with a .412/.367/.816 shooting line in 68 games (18.1 MPG).

The 24-year-old small forward is also one of Orlando’s top perimeter defenders. The team’s defensive rating with Iwundu on the court last season was 102.4, compared to 107.5 when he sat. The Magic even managed to post a 93.8 defensive rating during Iwundu’s 60 postseason minutes vs. the eventual-champion Raptors.

With his option exercised, Iwundu is now on track to reach restricted free agency during the summer of 2020.