Transactions Rumors | Hoops Rumors

Warriors Extend Qualifying Offer To Patrick McCaw

June 26th, 2018 at 6:15pm CST by clarkcrum

The Warriors have extended a qualifying offer to swingman Patrick McCaw, per Chris Haynes of ESPN, putting McCaw on track for restricted free agency come July 1.

McCaw’s qualifying offer is worth $1.7MM, calculated by adding $200K to his projected minimum salary for the upcoming 2018/19 season.

Given McCaw’s recent injury and an all-around difficult 2017/18 campaign, it will be interesting to see whether the Warriors are interested in discussing a larger contract for McCaw moving forward and/or whether McCaw will garner any interest from other teams around the league.

McCaw, 22, only averaged 4.o points per game in 57 games with Golden State this past season, with a relatively pedestrian shooting line of .503/.238/.765.

Yogi Ferrell Receives Qualifying Offer From Mavericks

June 26th, 2018 at 5:36pm CST by clarkcrum

The Mavericks have tendered a qualifying offer to guard Yogi Ferrell, per Adrian Wojnarowski of ESPN. Ferrell now becomes a restricted free agent on July 1.

Ferrell’s qualifying offer is worth $2.92MM as a result of reaching starter criteria this year, which can be reached by starting at least 41 games or playing at least 2,000 minutes during the regular season. Ferrell played 2,282 minutes for Dallas this season.

As we’ve noted before, players eligible for restricted free agency don’t become restricted free agents by default. Rather, their team must extend a qualifying offer, which functions as a one-year contract offer. If Ferrell were to sign the $2.92MM qualifying offer, he’d put himself in line for unrestricted free agency next summer.

Ferrell has stated publicly that he’d like to remain with the Mavericks, so it’s probable that he will either sign his qualifying offer or ink a long-term deal with Dallas barring a substantial offer from another team.

Ferrell, 25, played all 82 contests and averaged 10.2 points and 2.5 assists per game in 2017/18, with a shooting line of .477/.373/.796. His per game numbers were likely somewhat reduced from the 2016/17 campaign due to the addition of rookie first-round pick Dennis Smith Jr.

Jazz Extend Qualifying Offers To Exum, Neto, Niang

June 26th, 2018 at 1:41pm CST by Luke Adams

The Jazz have tendered qualifying offers to three players eligible for restricted free agency, according to RealGM’s official NBA transactions log. Dante Exum, Raul Neto, and Georges Niang have received qualifying offers from the club.

Exum and Neto will now enter standard NBA restricted free agency. Exum, who failed to meet the starter criteria, will have a qualifying offer worth $4,333,932 as a result. As for Neto, the former second-round pick will have a QO of $1,839,228.

Either player could sign his qualifying offer and play out the 2018/19 season on a one-year deal before becoming eligible for unrestricted free agency in 2019, but RFAs rarely take that route. If Utah wants to keep both players, I’d expect the team to attempt to negotiate multiyear agreements with them. It’s also possible that either Exum or Neto could sign an offer sheet from another team.

Meanwhile, Niang was a two-way contract in 2017/18, so his QO will be more modest — for two-way players who remain eligible to sign another two-way deal, the QO is simply a two-way offer with a $50K guarantee.

RealGM’s transactions log doesn’t list a qualifying offer for Erik McCree, Utah’s other two-way player. The club will have until the end of the month to issue a QO to McCree, but if he doesn’t receive one, it’s a sign that the Jazz have other plans for their second two-way contract slot.

Nuggets Decline Nikola Jokic’s Option, Extend QO

June 25th, 2018 at 10:20pm CST by clarkcrum

JUNE 25, 10:20pm: The Nuggets filed the paperwork to decline their team option late Monday night, Adrian Wojnarowski of ESPN tweets. That clears the way for Jokic to sign what will likely be a five-year max contract next month, Wojnarowski adds.

JUNE 25, 2:19pm: The Nuggets have officially extended a qualifying offer to Jokic, per RealGM’s transactions log. That’s a signal that the club has formally turned down his option.

As we heard earlier today, Jokic and the Nuggets are expected to finalize a five-year, maximum-salary contract once free agency begins.

JUNE 24, 1:50pm: In a story primarily regarding the decision of Wilson Chandler to exercise his player option with the Nuggets for the 2018/19 season, Gina Mizell of The Denver Post is reporting that a league source says Denver will decline the $1.6MM team option for franchise big man Nikola Jokic.

By declining the option, the Nuggets will make Jokic a restricted free agent eligible to sign a maximum-salary contract with Denver this summer – something that Jokic’s camp has been jockeying for since early-May (link).

The reported declination, while substantial, really comes as no surprise, with Jokic’s agent telling the Nuggets earlier this year that picking up his client’s 2018/19 option would hinder Denver’s chances of locking Jokic up long-term.

Moreover, if Denver does exercise the option, Jokic would become an unrestricted free agent next summer, leaving the Nuggets without a right of first refusal during free agency

“Nikola’s going to be here for a long, long time,” president of basketball operations Tim Connelly said following Thursday night’s 2018 NBA draft. “I think whatever we do, we’re going to ensure he’s here as long as possible. When that moment happens, we’re going to talk to Nikola and his brothers and his representation. He’ll be in Denver for a long, long time. He’ll be buying (a home) here.”

Assuming the report is accurate and the Nuggets decline his option, Jokic, 23, will be eligible to sign a five-year contract worth approximately $146.45MM this summer.

Danny Green Exercises Option, Stays With Spurs

June 25th, 2018 at 7:07pm CST by Dana Gauruder

Shooting guard Danny Green has exercised his player option of $10MM for next season to remain with the Spurs, Adrian Wojnarowksi of ESPN tweets.

The San Antonio Express-News reported last week that Green would likely pick up his option.

Green, 31, appeared in 70 games last season and averaged 8.6 PPG and 3.6 RPG with a shooting line of .387/.363/.769.

Although Green profiles as a three-and-D wing, his ability to knock down outside shots has wavered a little in recent years. He has converted just 35.7% of his three-point attempts over the last three seasons.

Considering that drop in performances plus his age, Green would have struggled to find a suitor who would have paid him more than his current salary. League sources told Young that Green would probably have received offers in the mid-level range ($5-8MM) if he opts out.

With Green staying, the Spurs will now have approximately $88.4MM in guaranteed salaries for next season. That figure doesn’t include cap charges for free agents Tony Parker and Kyle Anderson, or for Rudy Gay and Joffrey Lauvergne, who also hold player options — Gay is expected to opt out.

Pacers Declining Lance Stephenson’s Team Option

June 25th, 2018 at 3:09pm CST by Luke Adams

3:09pm: The Pacers have officially confirmed that they’re declining Stephenson’s option.

“This was a very difficult decision, but as free agency begins on July 1, we want to have flexibility so that we can prepare for all of our available options,” president of basketball operations Kevin Pritchard said in a statement.

2:23pm: The Pacers won’t exercise their 2018/19 team option on Lance Stephenson, reports Shams Charania of Yahoo Sports (via Twitter). By turning down the option, Indiana will save $4.36MM and will allow Stephenson to reach the free agent market.

Stephenson averaged 9.2 PPG, 5.2 RPG, and 2.9 APG for the Pacers in 2017/18, appearing in all 82 games. While his shooting numbers (.427/.289/.661) were all below his career marks, it’s still a little surprising to see Stephenson’s option declined — his option salary was fairly modest, and he was part of Indiana’s rotation for the entire regular season and postseason.

Still, the Pacers are in position to open up some cap room this summer, so parting ways with Stephenson will allow them to maximize their space. According to ESPN’s Chris Haynes (via Twitter), the club has its eye on free agents like Will Barton and Tyreke Evans. Marcus Smart has also been cited as a potential target. If Indiana is unable to sign an impact free agent, the team could also use its cap flexibility to accommodate a trade.

The Pacers’ precise cap outlook for 2018/19 remains somewhat up in the air, as the team has several non-guaranteed salaries and options on its books for next season. Reports have indicated that Indiana is expected to retain Bojan Bogdanovic and Darren Collison, who each have partial guarantees on their $10MM salaries. Al Jefferson also has a partially guaranteed deal, while Thaddeus Young is still weighing his decision on his $13MM+ player option.

In the unlikely event that Jefferson and other players on smaller non-guaranteed salaries are cut and Young turns down his option to sign elsewhere , the Pacers could create upwards of $30-35MM in cap room, though that scenario seems unlikely.

Photo courtesy of USA Today Sports Images.

Magic Waive Shelvin Mack

June 25th, 2018 at 2:49pm CST by Luke Adams

The Magic are waiving veteran point guard Shelvin Mack before his salary becomes fully guaranteed for 2018/19, reports ESPN’s Adrian Wojnarowski (via Twitter). The team has confirmed the move in a press release.

Mack, who inked a two-year, $12MM with Orlando during the 2017 offseason, appeared in 69 games for the Magic, averaging 6.9 PPG, 3.9 APG, and 2.4 RPG as a backup to Elfrid Payton and D.J. Augustin.

Mack’s modest production and his non-guaranteed contract made him a candidate to be cut this offseason. His $6MM salary for 2018/19 is reportedly partially guaranteed for just $1MM, so the Magic will have the option of keeping that full $1MM charge on their cap for next season or stretching it across three years.

According to Basketball Insiders’ data, Mack’s contract called for his 2018/19 salary to become guaranteed if he remained under contract for more than four days after the 2018 NBA draft, which is why Orlando is making its decision now. Assuming Mack clears waivers, as expected, he’ll become an unrestricted free agent and will be able to sign anywhere.

Aaron Gordon Receives Qualifying Offer From Magic

June 25th, 2018 at 2:15pm CST by Luke Adams

The Magic have tendered a qualifying offer to power forward Aaron Gordon, officially putting him on track for restricted free agency, per RealGM’s NBA transactions log.

Players eligible for restricted free agency don’t become RFAs by default. A team must extend a qualifying offer to the player in order to make him restricted. That offer essentially functions as a one-year contract offer that the player can accept at any time. If the player signs his qualifying offer rather than inking an offer sheet with another team or a longer-term deal with his own club, he’d put himself in line for unrestricted free agency in a year.

In Gordon’s case, his qualifying offer is worth $7,260,330. However, he’s considered one of the top restricted free agents on the market and will likely attract a sizable offer sheet if Orlando doesn’t negotiate a new deal with him directly, so I wouldn’t expect him to sign his QO.

Gordon, 22, posted new career highs in PPG (17.6), RPG (7.9), APG (2.3), and 3PG (2.0) in 2017/18, with a shooting line of .434/.336/.698 in 58 games.

Grizzlies Release Omari Johnson

June 24th, 2018 at 4:30pm CST by clarkcrum

The Grizzlies have waived forward Omari Johnson, per an official release from the team. Johnson signed a multiyear deal, his first in the NBA, with Memphis late in the 2017/18 season, but his salary for this upcoming season was non-guaranteed, meaning the Grizzlies won’t be on the hook for any of his 2018/19 salary.

Johnson, 29, came off the bench in four games with the Grizzlies as a rookie last season and averaged 5.5 points, 2.8 rebounds and 1.8 assists in 18.8 minutes per game.

He began the 2017/18 season as a member of the Grizzlies’ G League affiliate, the Memphis Hustle, where he appeared in 44 games and averaged 16.6 points, 6.4 rebounds and 1.6 assists per game.

Johnson also previously spent time with the G League’s Maine Red Claws and internationally with C.B. Valladolid of the Liga ACB after being undrafted out of Oregon State in 2011.

Hawks’ Mike Muscala Exercises Option

June 24th, 2018 at 12:22pm CST by Arthur Hill

Mike Muscala has picked up his $5MM option and will return to the Hawks next season, tweets ESPN’s Adrian Wojnarowski.

The fifth-year center/power forward is coming off a career-best year, averaging 7.6 points and 4.3 rebounds in 53 games. An ankle injury limited his availability for the first two months of the season, but he played well once he recovered. Muscala, who turns 27 next week, was the 44th pick in the 2013 draft and has remained in Atlanta ever since.

Muscala follows teammate Dewayne Dedmon, who exercised his $7.2MM option on Wednesday. Their decisions leave the Hawks with about $20MM in cap space heading into free agency, notes ESPN’s Bobby Marks, who adds that Atlanta could be a popular spot for teams willing to give up draft picks to unload unwanted contracts (Twitter link).

As our list of player option decisions shows, Muscala becomes the 16th NBA veteran to exercise a 2018/19 option this offseason, after just five vets picked up player options last summer.