Transactions Rumors | Hoops Rumors

Opt-In, Extension On Tap For Dwight Powell

June 6th, 2019 at 1:00pm CST by Luke Adams

1:00pm: Tim MacMahon of ESPN confirms (via Twitter) that Powell will opt in and sign an extension, adding that the Mavs view the big man as a “core piece” who can be a good fit besides Kristaps Porzingis.

12:18pm: After a May report indicated that Dwight Powell would turn down his player option for 2019/20, the Mavericks‘ big man said this week that he’s not sure “where the information came from.” He stopped short of calling the report false or announcing that he’d opt in, but a source tells Brad Townsend of The Dallas Morning News (Twitter link) that Powell does, in fact, plan to pick up his player option by June 29.

Exercising his ’19/20 option would put Powell in line for a salary worth $10,259,375 next season, as Basketball Insiders’ data indicates. According to Townsend, the 27-year-old intends to subsequently sign an extension with Dallas that would keep him under team control beyond next season. 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.

As we’ve noted multiple times when discussing Powell’s situation this offseason, there are two paths he could choose if he wants to stay with the Mavs. Opting out and negotiating a brand-new contract is one path — the other would be opting in, then signing a contract extension, as Townsend suggests. The fact that both scenarios are viable may have contributed to the confusion in recent weeks over his option decision.

Assuming Townsend’s source is correct and Powell intends to opt in, 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.

Mavs’ Forward Dwight Powell To Decline Option

May 20th, 2019 at 5:00pm CST by Dana Gauruder

Mavericks power forward Dwight Powell will decline his $10.26MM player option in order to become an unrestricted free agent, Chris Haynes of Yahoo Sports reports.

Powell was entering the final year of a four-year, $37MM contract signed in 2016. The 6’11” Powell, 27, averaged a career-high 10.6 PPG, 5.3 RPG and 1.5 APG in 21.6 MPG this season. Powell has spent much of his five-year career with the Mavs, starting just 51 out of 331 career games. He was a second-round selection in the 2014 draft.

The decision comes as somewhat of a surprise, since Powell had expressed interest in staying with Dallas and owner Mark Cuban mentioned during a radio interview that Powell might receive a three-year extension. It’s still possible that Powell returns with the Mavericks but he could be leaving quite a bit of money on the table for someone who has served a second-unit role most of his career.

The addition of Kristaps Porzingis made it likely that Powell would remain a bench player, so perhaps he’s looking for a team that views him as a starter. Dallas is expected to be very active in the free agent and trade markets this summer, as it only has $45.9MM in guaranteed salaries on its current payroll for next season.

James Ennis To Opt Out, Become Free Agent

May 20th, 2019 at 10:26am CST by Luke Adams

Sixers swingman James Ennis will turn down his player option for the 2019/20 season, league sources tell Shams Charania of The Athletic (Twitter link). The decision, which agent Scott Nichols confirmed to JD Shaw of Hoops Rumors (Twitter link), will put Ennis on track to reach unrestricted free agency in July.

Ennis, who will turn 29 on the same day he hits the open market on July 1, spent most of the 2018/19 season with the Rockets before being dealt to the Sixers in a cost-cutting deadline deal. After posting 7.4 PPG on .493/.367/.724 shooting in 40 games (25 starts) for Houston, Ennis struggled in Philadelphia and saw those averages decline to 5.3 PPG on .410/.306/.696 shooting.

Still, given the 76ers’ limited depth, Ennis played a key role off the bench for the club in the postseason. In the team’s second-round series vs. Toronto, he posted 7.9 PPG, 4.0 RPG, and 1.1 APG on .442/.304/.588 shooting in 22.7 minutes per contest.

While those numbers won’t earn Ennis a massive payday, his two-way abilities should put him in position for a raise after he earned the minimum in 2018/19. His player option would have paid him just $1,845,301. According to Charania (via Twitter), the former second-round pick is expected to command a multiyear contract this offseason.

While a reunion with the Sixers isn’t out of the question, the team’s ability to re-sign Ennis will be extremely limited. Philadelphia will only hold his Non-Bird rights, so cap room or an exception would likely be required to bring him back. The 76ers also figure to be more focused on retaining players like Jimmy Butler, Tobias Harris, and J.J. Redick.

For more on player option decisions for 2019/20, be sure to check out our tracker.

Photo courtesy of USA Today Sports Images.

Patrick Patterson Opts In For Next Season

May 11th, 2019 at 11:12am CST by Dana Gauruder

Thunder power forward Patrick Patterson has decided to exercise his $5,711,200 player option for next season, Shams Charania of The Athletic tweets.

Patterson’s decision comes as no surprise, since he was highly unlikely to get a better offer on the open market. The 30-year-old Patterson averaged 3.6 PPG and 2.3 RPG in 13.7 MPG over 63 games, including five starts. He appeared in all 82 regular-season games the previous season with Oklahoma City, posting averages of 3.9 PPG and 2.4 RPG in 15.5 MPG.

Patterson lost his rotation spot in mid-February and did not appear in the opening-round series against Portland.

His decision will cost the Thunder far more than his salary. Oklahoma City is already over the luxury-tax threshold and Patterson’s salary will give it approximately $143.5MM in guaranteed commitments to just nine players, unless the Thunder are able to move some salaries in trades.

Nets’ Allen Crabbe Opts In For 2019/20

May 3rd, 2019 at 8:23am CST by Luke Adams

Nets shooting guard Allen Crabbe has exercised his player option for the 2019/20 season, reports Adrian Wojnarowski of ESPN.com (via Twitter). The move locks in his $18.5MM salary for next year, putting him on track to reach unrestricted free agency in 2020.

Crabbe initially signed a four-year offer sheet worth nearly $75MM with the Nets back in 2016. The Trail Blazers matched that offer and retained Crabbe for the following season, but traded him to Brooklyn in a salary-dump deal during the 2017 offseason.

The 27-year-old’s play during his two years with the Nets has been somewhat underwhelming. After shooting 41.1% from three-point range in Portland, he has made 37.8% of his attempts in Brooklyn, albeit on a higher volume of shots. In 2018/19, he was limited to just 43 games due to knee issues and averaged 9.6 PPG in 26.3 minutes per contest.

Given his modest production, there was never a doubt that Crabbe would opt into the final year of his contract, but that doesn’t necessarily mean that he’s a lock to be on the Nets’ roster next season. Michael Scotto of The Athletic suggested earlier this week that he wouldn’t be surprised if the club explores the trade market for Crabbe, perhaps dangling Denver’s late first-round pick or an early second-rounder in an effort to sweeten the deal.

As long as Crabbe remains on the roster, his $18.5MM cap hit will limit the Nets’ ability to make major moves in free agency this summer. With that money – along with cap holds for D’Angelo Russell and their first-round picks – on the books, Brooklyn projects to have up to about $30.3MM in cap space, which wouldn’t be enough for a maximum salary contract for a veteran player (with seven-plus years of experience).

If the Nets don’t find a trade they like for Crabbe and want to create a max slot, waiving and stretching him could also be an option. Doing so would reduce his 2019/20 cap hit to just under $6.2MM, though it would add identical charges to the team’s books for the following two seasons as well.

Crabbe is the latest in a string of veterans who have picked up player options since the regular season ended in April, joining Jeff Teague, Kent Bazemore, Dwight Howard, and others. The full breakdown of this year’s player option decisions can be found right here.

Photo courtesy of USA Today Sports Images.

Wizards’ Dwight Howard Opts In For 2019/20

April 18th, 2019 at 10:55pm CST by Luke Adams

In an unsurprising move, Dwight Howard has picked up his 2019/20 player option, opting in for next season, reports ESPN’s Zach Lowe (via Twitter). The decision ensures that the Wizards center locks in his $5,603,850 salary for ’19/20.

Howard, 33, signed a two-year deal with the Wizards last summer after spending his previous three seasons with three different teams in Houston, Atlanta, and Charlotte. Having used the full taxpayer mid-level exception to sign him, Washington viewed Howard as its major offseason addition, but the big man’s stint in D.C. hasn’t gone as planned.

Sidelined by spinal surgery for most of the 2018/19 season, Howard also injured his hamstring during his rehab and was ultimately limited to just nine games. He was reasonably effective when he saw the court, averaging 12.8 PPG and 9.2 RPG in 25.6 minutes per contest as the Wizards’ starting center, but the question marks surrounding his health ensured that he wouldn’t land a contract on the open market this offseason worth more than his $5.6MM option.

With Howard back in the fold, the Wizards are now on the hook for approximately $89.5MM in guaranteed salaries for 2019/20, per Basketball Insiders. That doesn’t include potential contracts for free agents like Tomas Satoransky, Bobby Portis, Trevor Ariza, Thomas Bryant, or Jeff Green. It also doesn’t account for Jabari Parker‘s $20MM team option, though that’s a lock to be declined.

Portis and Bryant are both eligible for restricted free agency this summer, so it will be interesting to see how the Wizards handle their situations, given the team’s limited financial flexibility and the fact that veteran centers Howard and Ian Mahinmi are entering contract years.

Howard is the sixth player so far to exercise a 2019/20 player option or confirm that he plans to do so. The full list can be found right here.

Photo courtesy of USA Today Sports Images.

Hornets’ Biyombo Picks Up 2019/20 Player Option

April 16th, 2019 at 9:34am CST by Luke Adams

Hornets center Bismack Biyombo has exercised his 2019/20 player option, reports Shams Charania of The Athletic (via Twitter). By opting in, Biyombo will assure himself of a $17MM salary for next season.

Biymobo, who signed a four-year, $68MM contract with the Magic in the summer of 2016, was traded to the Hornets in a three-team deal during the 2018 offseason. He subsequently appeared in 54 games (32 starts) for Charlotte, averaging 4.4 PPG, 4.6 RPG, and 0.8 BPG in 14.5 minutes per contest.

Biyombo’s decision comes as no surprise, given his limited role over the last few seasons and the fact that he’s unlikely to secure another major payday in free agency. With Marvin Williams planning to exercise a $15MM+ player option of his own, the Hornets can count on an extra $32MM+ in guaranteed money hitting their cap for 2019/20.

With those two options locked in, the Hornets’ team salary for ’19/20 is up to approximately $81MM, per Basketball Insiders. That figure doesn’t include Michael Kidd-Gilchrist‘s $13MM option, which is also a decent bet to be picked up, or Tony Parker‘s $5.25MM non-guaranteed salary. And, most notably, it doesn’t include a salary for Kemba Walker, who will be an unrestricted free agent this offseason.

In other words, the Hornets already project to be an over-the-cap team even before determining whether they can retain their All-Star guard, so it will be difficult for the club to add roster reinforcements this summer.

As for Biyombo, he’s now on track to reach unrestricted free agency in July of 2020, assuming he’s not bought out or released outright before then.

Photo courtesy of USA Today Sports Images.

Hawks’ Kent Bazemore Opts In For 2019/20

April 12th, 2019 at 8:00pm CST by Luke Adams

8:00pm: Bazemore has officially picked up his option, per RealGM’s transactions log.

1:01pm: Hawks swingman and podcast co-host Kent Bazemore intends to exercise his player option for the 2019/20 season, agent Austin Walton tells ESPN’s Adrian Wojnarowski (Twitter link). Opting in will ensure that Bazemore’s $19,269,662 salary for next season becomes guaranteed.

The 2019/20 season represents the final year of the four-year, $70MM contract Bazemore signed with Atlanta back in July of 2016. While he has been a solid contributor for the Hawks since then, he’s unlikely to ever see that sort of payday again as he prepares to enter his age-30 season.

In 2018/19, Bazemore appeared in 67 games (35 starts) for the Hawks, recording 11.6 PPG, 3.9 RPG, 2.3 APG, and 1.3 SPG with a .402/.320/.726 shooting line and solid perimeter defense. It was something of a down year for the former Old Dominion standout, who had been a career 36.0% shooter on three-point attempts entering the season.

Bazemore will look to bounce back next season – in advance of 2020 unrestricted free agency – as a role player on a young Hawks team that features up-and-comers like Trae Young, Kevin Huerter, and John Collins. Atlanta is in position to add two more young players to its core this June, as the team ranks fifth in the draft lottery order and also holds Dallas’ top-five protected first-round pick — the Mavs are tied for seventh in the lottery order entering today’s tiebreaker.

The Hawks will still have plenty of cap flexibility this summer, even after taking into account Bazemore’s $19MM+ salary. Outside of Bazemore and Miles Plumlee ($12.5MM), no one on Atlanta’s roster is on the books for more than $6.27MM in 2019/20, per Basketball Insiders.

Despite the fact that the 2018/19 season ended less than 48 hours ago, there have already been four veteran players who have exercised player options for next year or confirmed that they’ll do so. Bazemore joins Marvin Williams (Hornets), C.J. Miles (Grizzlies), and Jeff Teague (Timberwolves) in that group.

Photo courtesy of USA Today Sports Images.

Jeff Teague Picks Up 2019/20 Player Option

April 12th, 2019 at 12:41pm CST by Luke Adams

Timberwolves point guard Jeff Teague has elected to pick up his $19MM player option for the 2019/20 season, reports Jon Krawczynski of The Athletic (Twitter link). The decision, which doesn’t come as a surprise, puts Teague on track to reach unrestricted free agency in 2020.

Teague, who will turn 31 in June, battled injuries during the 2018/19 season and was able to play in just 42 games for Minnesota. In those games, he averaged 12.1 PPG, 8.2 APG, and 2.5 RPG in 30.1 minutes per contest. The Timberwolves, who finished the season well below .500, were 23-19 when the veteran guard played.

There’s optimism that Teague can get his foot healthy this summer and enjoy a more effective season in 2019/20, tweets Krawczynski.

For now, Teague is the only point guard under contract with Minnesota for next year. Derrick Rose and Jerryd Bayless will be unrestricted free agents this summer, while Tyus Jones will be eligible for restricted free agency. Even though Teague’s $19MM cap hit isn’t particularly team-friendly, Minnesota can at least enter the offseason knowing that one reliable point guard remains under club control.

With maximum-salary contracts for Andrew Wiggins and Karl-Anthony Towns on Minnesota’s books, the team already has $109MM+ in guaranteed money on its cap for 2019/20. As such, the Wolves figure to function as an over-the-cap club, limiting their ability to make roster upgrades.

Photo courtesy of USA Today Sports Images.

Grizzlies’ C.J. Miles Opts In For 2019/20

April 12th, 2019 at 11:22am CST by Luke Adams

Grizzlies sharpshooter C.J. Miles has exercised the player option on his contract for the 2019/20 season, reports ESPN’s Adrian Wojnarowski (via Twitter). Miles had informed Peter Edmiston of The Athletic (Twitter link) on Thursday that he intended to opt in.

The decision locks in Miles’ $8,730,158 salary for next season, putting him on track to reach unrestricted free agency in 2020.

Miles’ decision doesn’t come as a surprise, since the 32-year-old struggled mightily in 2018/19, turning in his worst season in a decade. He’s also not healthy at the moment, having been ruled out for the season last month due to a stress reaction in his left foot.

The 14-year veteran, who started the season with the Raptors, was sent to the Grizzlies as part of the package for Marc Gasol in February. In total, Miles appeared in 53 games (16.2 MPG) for Memphis and Toronto, averaging just 6.4 PPG on .360/.330/.828 shooting. In his previous six seasons entering this year, he had averaged 11.2 PPG and shot 37.5% on three-pointers.

Depending on which direction the Grizzlies go this summer, it’s possible the club will look to move on from Miles via trade or buyout. If he returns to Memphis, the veteran swingman will look to compete for minutes on the wing.

With Miles’ $8.7MM+ salary locked in, the Grizzlies now have approximately $86.6MM in guaranteed money on their books for next season, per Basketball Insiders. Given that Jonas Valanciunas looks like a decent bet to pick up his $17.62MM player option as well, Memphis projects to be an over-the-cap team this offseason, barring cost-cutting moves.

Photo courtesy of USA Today Sports Images.