Transactions Rumors | Hoops Rumors

Pelicans Exercise Team Option On Jahlil Okafor

June 20th, 2019 at 3:27pm CST by Arthur Hill

3:27pm: The Pelicans have officially exercised Okafor’s team option, the team announced today in a press release.

11:24am: New Orleans will pick up its $1.7MM option on center Jahlil Okafor for next season, tweets Malika Andrews of ESPN.

The third overall pick in 2015, Okafor revived his career after signing with the Pelicans as a free agent last summer. He appeared in 59 games, starting 24, and averaged 8.2 points and 4.7 rebounds per night. He impressed the coaching staff with his improved fitness and a commitment to defense, Andrews adds.

Okafor only has a $54K guarantee on next year’s contract, notes Bobby Marks of ESPN (Twitter link). He’ll have to remain on the roster through January 7 for it to become fully guaranteed.

Okafor is one of a handful of players with team options for 2019/20. The complete list is available here.

Warriors Trade For 41st Pick

June 20th, 2019 at 12:01pm CST by Arthur Hill

12:01pm: The Hawks have announced the deal, tweets Chris Vivlamore of The Journal-Constitution.

8:18am: The Warriors have obtained the 41st pick in tonight’s draft from the Hawks, tweets ESPN’s Adrian Wojnarowski. Golden State paid $1.3MM for the pick and included a 2024 second-rounder in the deal.

It’s the second trade in two days for Atlanta, which sent the 44th selection to the Heat on Wednesday. GM Travis Schlenk said earlier this week that he wanted to unload some of the team’s three second-rounders in exchange for future assets.

The Hawks still have four selections tonight, holding picks No. 8, 10 and 17 in the first round, along with the 35th pick. The Warriors are slotted at No. 28, 41 and 58. The three picks will cost Golden State a total of about $3.8MM against the cap and will provide a low-cost way to fill out the roster, notes ESPN’s Bobby Marks (Twitter link).

Hawks Trade No. 44 Pick To Heat

June 20th, 2019 at 8:18am CST by Arthur Hill

JUNE 20, 8:18am: The 2024 second-round pick sent to the Hawks in the deal will only convey if it lands in the 51-55 range, tweets Ira Winderman of The South Florida Sun Sentinel.

That pick will be sent to Cleveland if it’s between 56-60, as a result of a previous trade. If it’s between 31-50, Miami will keep it.

JUNE 19, 8:19pm: Atlanta received $1.88MM in the trade, which could set the asking price for other second-round picks, tweets Shams Charania of The Athletic.

JUNE 19, 4:21pm: The Hawks have traded one of their six selections in tomorrow night’s draft, sending pick No. 44 to the Heat in exchange for a future conditional second-round pick. That pick will convey in 2024, according to an email from the Hawks, who also receive cash considerations in the deal. The trade was officially announced by both teams.

The deal follows a report earlier today that Atlanta GM Travis Schlenk was looking to unload selections in the second round rather than the first. The Hawks still own picks No. 8, 10, 17, 35 and 41 in Thursday’s draft.

Miami now has a second-round selection after sending their own pick to the Timberwolves. The Heat also own a lottery pick at No. 13.

Michael Kidd-Gilchrist Opting In For 2019/20

June 19th, 2019 at 10:30am CST by Luke Adams

Hornets forward Michael Kidd-Gilchrist has picked up his 2019/20 player option, reports Shams Charania of The Athletic (via Twitter). The move ensures that Kidd-Gilchrist locks in his $13MM salary for next season, putting him on track to reach unrestricted free agency in 2020.

Kidd-Gilchrist’s decision doesn’t come as a surprise. The former second overall pick is coming off a down year in which he averaged 6.7 PPG and 3.8 RPG in a career-low 18.4 minutes per contest. Having started all but four of 357 career games for the Hornets heading into the season, he came off the bench for 61 of his 64 contests this past year.

Kidd-Gilchrist is also currently recovering from a surgical procedure which he underwent last week to address a chronic groin strain. The 25-year-old is expected to be ready to return to action in time for training camp, according to the Hornets.

With Kidd-Gilchrist opting in, the Hornets will now have to account for three pricey player options on their 2019/20 cap, as Bismack Biyombo and Marvin Williams previously picked up theirs as well.

In total, those three options tack on about $45MM to Charlotte’s team salary for next season, increasing the club’s total guaranteed commitments to $94MM+. That figure doesn’t include new contracts for free agents like Jeremy Lamb, Frank Kaminsky, or – most notably – Kemba Walker.

Khris Middleton Declining 2019/20 Player Option

June 19th, 2019 at 10:11am CST by Luke Adams

As expected, Bucks swingman Khris Middleton will opt out of his contract, declining his 2019/20 player option to become an unrestricted free agent, agent Mike Lindeman tells ESPN’s Adrian Wojnarowski (via Twitter).

That option would have been worth $13MM, but Middleton is expected to command a long-term, maximum-salary deal on the open market, Wojnarowski tweets. According to Woj, Middleton and the Bucks intend to work together to reach a new contract agreement.

Middleton, who will turn 28 in August, earned his first All-Star nod in 2018/19. In 77 total regular season games, he averaged 18.3 PPG, 6.0 RPG, and 4.3 APG with a shooting line of .441/.378/.837, helping the Bucks to reach the Eastern Conference Finals this spring.

While Middleton may not quite qualify as a star, his two-way abilities as a three-and-D will ensure he secures a big-time payday this summer. In addition to finishing the season as Milwaukee’s second-leading scorer, he was often tasked with the most challenging perimeter assignment on defense. He was the Bucks’ primary defender on Kawhi Leonard in the Eastern Finals, for instance.

Middleton will be eligible for a five-year contract with the Bucks worth up to a projected $189.7MM. Rival suitors could offer him up to $140.6MM over four years. If Milwaukee reaches an agreement with him early in free agency, the team could hold off on making it official, since his cap hold will only be $19.5MM — keeping that figure on the books and then eventually going over the cap to sign Middleton would allow the Bucks to maximize any cap room they might open up.

It will be a crucial summer in Milwaukee, as Malcolm Brogdon, Brook Lopez, and Nikola Mirotic are all up for new deals as well. The Bucks have reportedly explored moving Tony Snell and/or Ersan Ilyasova for added flexibility.

Photo courtesy of USA Today Sports Images.

Dwight Powell Exercises 2019/20 Player Option

June 18th, 2019 at 4:51pm CST by Luke Adams

Mavericks big man Dwight Powell has officially exercised his player option for the 2019/20 season, reports Marc Stein of The New York Times (via Twitter). As a result of the move, Powell will earn a $10,259,375 salary next season, per Basketball Insiders.

There were conflicting reports earlier this spring on whether Powell would opt in or out. After a May report suggested that he was expected to hit the open market, a June update confirmed that an opt-in was anticipated instead.

The Mavericks have long indicated that they plan to lock up Powell to a longer-term deal, which could’ve been done whether or not he exercised his player option. The conflicting reports on his option decision may have stemmed from confusion over whether he’d sign a brand-new deal with Dallas after opting out or sign an extension after opting in.

Powell, who will turn 28 next month, averaged a career-high 10.6 PPG to go along with 5.3 RPG, 1.5 APG, and a .597 FG% in 77 games (21.6 MPG) last season for the Mavs. The former second-round pick has spent the last four seasons in Dallas, and team management wants to ensure he sticks around a little longer.

Team owner Mark Cuban spoke at season’s end about a three-year extension for Powell, though it’s not clear if he meant three new years or three years in total. Either way, I’d expect Dallas to work on completing that deal in the coming weeks.

Even with Powell’s salary on their books, the Mavs should enter the free agent period with at least $29MM in cap room available, as we detailed in April. Meanwhile, Powell would be eligible to sign an extension that takes effect in 2020/21 with a starting salary worth up to 120% of his previous salary.

Photo courtesy of USA Today Sports Images.

Kings’ Harrison Barnes To Decline 2019/20 Option

June 18th, 2019 at 1:26pm CST by Luke Adams

Kings forward Harrison Barnes has decided to turn down his player option for the 2019/20 season, agent Jeff Schwartz tells ESPN’s Adrian Wojnarowski (Twitter link). Rather than earning a $25,102,512 salary for next season, per Basketball Insiders, Barnes will reach the open market as an unrestricted free agent.

Barnes’ decision doesn’t necessarily mean that his time in Sacramento is over. The Kings will still hold his Bird rights, so they could offer him up to five years and there are no limitations on the salary they could offer up to the maximum. Wojnarowski hears from sources that the two sides are open to exploring a new deal together.

Still, Barnes will have the opportunity to consider other suitors in free agency this summer, if he so chooses. His decision is somewhat surprising since he’s unlikely to match his $25MM option salary for 2019/20, but he should receive offers that comfortably exceed that total number over multiple years, as his ability to make outside shots and guard multiple positions will appeal to NBA teams.

Barnes, 27, was traded from the Mavericks to the Kings at February’s trade deadline in the third year of the four-year, maximum-salary contract he signed with Dallas back in 2016. For the season, he recorded 16.4 PPG and 4.7 RPG with a .420/.395/.824 shooting line in 77 games (32.9 MPG).

As I noted when I previewed the Kings’ cap situation this spring, the team can create up to about $62.6MM in cap room with Barnes off its books for 2019/20. However, Sacramento hasn’t typically been a popular destination for top free agents, and the Kings acquired Barnes in the hopes that he’d be their answer at small forward.

It could be in both sides’ best interests to work out a new agreement once free agency begins, but we’ll have to wait to see how strong that mutual interest is. If Barnes doesn’t return to Sacramento, the club will have plenty of flexibility to pursue his replacement.

Photo courtesy of USA Today Sports Images.

Al Horford Won’t Exercise 2019/20 Player Option

June 18th, 2019 at 9:36am CST by Luke Adams

Celtics center Al Horford won’t pick up the 2019/20 player option on his contract, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that Horford is on track to reach unrestricted free agency.

If Horford had exercised his option for next season, it would have locked in his $30,123,015 salary. Instead, he’ll negotiate a new deal with Boston or a new team. Wojnarowski adds (via Twitter) that Horford and the Celtics have mutual interest in working out a new agreement in free agency.

While there has been an expectation all along that Horford and the Celtics will continue their relationship, either via his player option or a longer-term deal, the new level of uncertainty about the future in Boston has rival teams feeling more optimistic about making a run at the veteran big man, tweets ESPN’s Zach Lowe.

The Celtics’ original Plan A for this offseason was to lock up Kyrie Irving on a new contract and swing a deal for Anthony Davis. However, with Davis headed to Los Angeles and Irving’s future in Boston looking more tenuous than ever – Kyrie seems to have “essentially ghosted” the team, per Adam Himmelsbach of The Boston Globe – the franchise’s direction is no longer clear.

Retaining Horford will be crucial for the Celtics after another season in which he served as the roster’s frontcourt anchor. He was limited to 68 games due to injury and his numbers (13.6 PPG, 6.7 RPG, 4.2 APG, and a .535 FG%) don’t necessarily jump off the page, but the 33-year-old was a linchpin on defense and an important screen-setter and pick-and-pop weapon on offense.

If the Celtics and Horford can work out a longer-term agreement that starts closer to $20MM, it should allow the team to re-sign Terry Rozier and have access to the full mid-level exception this offseason, tweets ESPN’s Bobby Marks. As Marks points out (via Twitter), the club could also clear up to about $27MM in cap room, but that would mean renouncing Horford and Rozier along with Irving and Marcus Morris, which probably isn’t realistic.

Photo courtesy of USA Today Sports Images.

Julius Randle To Decline Player Option

June 16th, 2019 at 7:48pm CST by ChrisCrouse

Julius Randle will turn down his player option for next season and hit the free agent market, Shams Charania of The Athletic relays (Twitter link). The former No. 7 overall pick would have made slightly over $9MM during the 2019/20 season if he exercised his option.

Randle signed a two-year deal that contained the player option with the Pelicans last offseason. He arguably had his best season as a professional, posting career-highs in points (21.4) and player efficiency rating (21.0) while adding a 3-pointer to his game.

The decision to hit free agent does not necessarily mean that Randle won’t be back with the Pelicans. Regardless, New Orleans’ frontcourt will look much different next season with Anthony Davis out in Los Angeles and Zion Williamson on his way to town.

Pelicans Agree To Trade Anthony Davis To Lakers

June 15th, 2019 at 5:37pm CST by Dana Gauruder

The Pelicans have reached an agreement to trade All-Star big man Anthony Davis to the Lakers for guards Lonzo Ball and Josh Hart, forward Brandon Ingram and three first-round picks, including the No. 4 overall pick in this year’s draft, Adrian Wojnarowski of ESPN tweets.

The rest of the Pelicans’ haul includes a 9-30 protected first-rounder in 2021, which becomes unprotected in 2022, and an unprotected first-rounder in 2024.

New Orleans will also have the right to swap unprotected first-rounders in 2o23 and will have the option to defer the 2024 pick until 2025, according to reports from Tim Bontemps of ESPN and Tania Ganguli of The Los Angeles Times (Twitter links).

[UPDATE: Davis trade will become a three-team deal]

The Lakers immediately become championship contenders with Davis joining forces with LeBron James. Davis’ agent Rich Paul, also James’ agent, had tried to steer trade talks toward the Lakers over the winter after Davis’ desire to be traded was made public. But Davis didn’t get his wish at the time.

Paul and Davis recently met with the Pelicans’ new top executive, David Griffin, who tried to convince Davis to rescind his trade request. Davis declined and expressed his desire to play long-term for either the Lakers or Knicks.

GM Rob Pelinka, who has been under fire after criticism from former Lakers president Magic Johnson, pulled off a major coup by winning the Davis sweepstakes over the Knicks and Celtics, among others. Los Angeles gave up plenty in the deal but didn’t have to include another talented big man, Kyle Kuzma.

Davis could sign an extension with the Lakers but still intends to test free agency next summer, Chris Haynes of Yahoo Sports tweets.

The Lakers will have either $27.8MM or $32.5MM in cap room after the deal to pursue a high-level free agent, depending upon timing and Davis’ willingness to waive his $4MM trade bonus, ESPN salary cap expert Bobby Marks tweets.

The trade cannot be officially finalized until after the new league year begins in July. It may be even be completed as late as July 30 — newly-drafted players can be traded immediately without signing a rookie scale contract, but if they sign that contract, they aren’t eligible to be dealt for 30 days. Waiting those 30 days would be advantageous to the Lakers for cap-related reasons, as Marks notes (via Twitter).

The Lakers still don’t have quite enough cap room to max out a free agent like Kawhi Leonard, Jimmy Butler, Kyrie Irving or Kemba Walker but they’re close to it, Eric Pincus of Basketball Insiders tweets. Naturally, one of those free agents might take a little less to form a superstar trio in Los Angeles or the Lakers could make other moves to clear more cap room. Walker will be the Lakers’ top free agent target, Marc Stein of the New York Times tweets.

Boston refused to part with its top young player, forward Jayson Tatum, in trade talks with the Pelicans, Stein add in another tweet. That put the Lakers in the driver’s seat for Davis’ services.

With Ball and Hart joining Jrue Holiday, the Pelicans have greatly enhanced their backcourt. They now have the No. 1 and No. 4 picks in Thursday’s draft. It’s a slam dunk they’ll select Duke forward Zion Williamson with the top pick and theyll get another high-level prospect, unless they have another trade in the works. Williamson and Ingram should be a formidable duo at the forward spots and the Pelicans can now concentrate on bringing in another big man to make all the other pieces work.

Photo courtesy of USA Today Sports Images.