Utah Jazz Rumors | Hoops Rumors

Lauri Markkanen A Candidate For Renegotiation In 2024

July 26th, 2023 at 1:23pm CST by Luke Adams

Jazz forward Lauri Markkanen is a player to keep an eye on as a strong candidate for a contract renegotiation and extension in 2024, according to Michael Scotto of HoopsHype. Scotto made his comments on Markkanen during a podcast with HoopsHype colleague Yossi Gozlan, who said he’d be surprised if the 26-year-old’s contract isn’t renegotiated and extended next offseason.

An NBA team can’t renegotiate a player’s salary downward, but is allowed to use cap room to give him a raise for the current season, as the Jazz did with Jordan Clarkson earlier this month. The club can then negotiate an extension based on that newly renegotiated cap hit, giving him a first-year salary worth as much as 140% of that amount (up to the player’s maximum salary).

Markkanen will earn approximately $17.26MM in 2023/24 and $18.04MM in ’24/25. Under the NBA’s veteran extension rules, he’d be eligible next offseason for a four-year extension worth approximately $113MM, including a 40% raise to $25.26MM for ’25/26.

Renegotiating Markkanen’s contract using cap room to give him a raise in 2024/25 would allow the Jazz to increase their extension offer well beyond $113MM, putting them in a better position to lock up the Finnish star for the long term. Utah currently only projects to have about $99MM in salaries on its cap for ’24/25, and not all of that money is guaranteed, so the team would have plenty of flexibility to operate under the cap and give Markkanen a raise.

After being traded from the Cavaliers to the Jazz in the Donovan Mitchell blockbuster, Markkanen enjoyed a breakout season in Utah, earning his first All-Star nod and blowing away his previous career high by averaging 25.6 points per game in 66 contests (34.4 MPG). He posted an impressive shooting line of .499/.391/.875 and also grabbed 8.6 rebounds per night.

Markkanen will technically become extension-eligible this offseason, but the Jazz aren’t in position to renegotiate his contract yet, since they’ve used up their 2023/24 cap room. That means the most he could get on an extension prior to next offseason is $81.9MM over three years.

NBA contract renegotiations have typically been pretty rare, but they’ve enjoyed a renaissance within the last year. Clarkson, Domantas Sabonis (Kings), and Myles Turner (Pacers) have all renegotiated their contracts with their respective teams since January. Before that, no player had agreed to a renegotiation since Robert Covington in 2017.

Northwest Notes: Anderson, Yurtseven, Williams, Waters

July 24th, 2023 at 7:11pm CST by Alex Kirschenbaum

Timberwolves forward Kyle Anderson is set to play for Team China at next month’s FIBA World Cup after becoming a naturalized Chinese citizen, per Reuters.

Anderson represents the first American basketball player to acquire Chinese citizenship via naturalization, though plenty of other athletes in other disciplines have obtained it that way recently. He would also be able to compete for China in next year’s Olympics.

“I’m so happy to announce that I will be representing China at the World Cup,” Anderson said through a Weibo video. “Really proud and honored to wear the Team China jersey.”

There’s more out of the Northwest Division:

New reserve Jazz center Omer Yurtseven has yet to talk the team about his role for the 2023/24 season, he tells Alex Vejar of The Salt Lake Tribune. “Not yet,” Yurtseven said. “But I met with coach [Will] Hardy and talked with [CEO] Danny Ainge as well. We haven’t talked, but we have some time during the summer. We’ll stay in contact and kind of go from there where I’ll be able to understand exactly what they want from me and execute.”
Trail Blazers shooting guard Jeenathan Williams is likely to be released before his contract can become guaranteed on August 1, reports Sean Highkin of The Rose Garden Report (Twitter link). Williams, 24, went undrafted out of Buffalo last summer, and spent most of the 2022/23 season with the Jazz’s NBAGL affiliate, the Salt Lake City Stars. The 6’6″ wing latched on with Portland in April. In his five contests with the Trail Blazers last year, he averaged 10.6 PPG on .615/.375/.667 shooting splits, along with 3.0 RPG, 2.0 APG and 0.6 SPG.
Lindy Waters III is a “strong candidate” to return to the Thunder on a two-way contract, opines Joe Mussatto of The Oklahoman (Twitter link). Oklahoma City converted his 2022/23 two-way deal to a standard roster contract, but declined his $1.9MM team option for this season earlier this summer.

Northwest Notes: Wallace, Yurtseven, Kamagate, Jones

July 20th, 2023 at 9:59pm CST by Alex Kirschenbaum

Thunder rookie shooting guard Cason Wallace learned a lot about basketball from his years playing football, as he told Sam Yip of HoopsHype.

“…I was like, playing safety, linebacker,” Wallace said. “You read the quarterback… you’re reading what the offense is going to do. So just being able to pick up on stuff like that and just see it before it happens.”

Wallace was selected with the No. 10 overall pick out of Kentucky by the Mavericks, and was subsequently dealt, on draft night, to Oklahoma City. The 6’4″ swingman also spoke about how he could fit in on his new club heading into the regular season.

“[If] I need to play on the wing, I’m capable,” Wallace said. “So just letting the ball flow, just playing basketball.”

There’s more out of the Northwest Division:

New Jazz reserve center Omer Yurtseven feels that his years of seasoning with the Heat will benefit him in his new NBA home, writes Sarah Todd of The Deseret News. Yurtseven inked a new two-year deal with Utah earlier in the offseason, though it’s only partially guaranteed. “[The Heat] had a really competitive environment, which allowed competitive players to thrive and I really appreciated that,” Yurtseven said. “I kind of took that with me in terms of applying that to everything — every drill, every day, every game. But I think more so I’m looking forward to what I’ll be able to learn and grow more into here.”
Center Ismael Kamagate, whose draft rights the Nuggets acquired after he was selected with the No. 46 pick in 2022, has officially inked a new contract with Italian EuroLeague club Olimpia Milano, the team announced in a press release. The 6’11” big man remains under Denver control should he eventually attempt to play in the NBA.
After more than 30 years of NBA experience as a player and coach, Nuggets assistant Popeye Jones is reveling in his first-ever league championship, writes Steve Bulpett of Heavy.com. Jones has worked as a coach for five different clubs across his 17 seasons on the bench. “Once it was over, I think you just reflect back on your whole career — not just your coaching career but your playing career, everything that you’ve been through, from a little kid all the way through middle school to high school to college,” Jones said. “It was just a great feeling.”

Jazz Re-Sign Johnny Juzang To Two-Way Contract

July 19th, 2023 at 9:23pm CST by Luke Adams

9:23pm: Juzang’s two-way deal is official, the Jazz announced.

12:36pm: The Jazz are re-signing free agent guard Johnny Juzang to another two-way contract, his agents Sam Goldfeder and Jordan Gertler tell Adrian Wojnarowski of ESPN (Twitter link).

After going undrafted out of UCLA in 2022, Juzang signed a two-way deal with Utah and appeared in 18 NBA games as a rookie, averaging 4.8 points and 2.2 rebounds on .337/.328/.500 shooting in 12.9 minutes per night.

He saw more action and was more productive for the Salt Lake City Stars in the G League, recording 20.8 PPG, 5.4 RPG, and 3.3 APG with a .429/.364/.907 shooting line in 17 regular season appearances (31.6 MPG) for the Jazz’s NBAGL affiliate.

The Jazz issued a two-way qualifying offer to Juzang last month, making him a restricted free agent, but withdrew that offer earlier in July in order to maximize their cap room. According to Tony Jones of The Athletic (Twitter link), that was just a logistical move, as the team remained high on the 22-year-old and put another two-way offer on the table for him.

Juzang is accepting that offer after an impressive showing with Utah’s Summer League squad. He put up 17.8 PPG on 53.2% shooting (52.2% on threes) in just 23.8 MPG across four Vegas appearances.

Once Juzang is officially back under contract, the Jazz will have filled their three two-way contract slots. Micah Potter and Joey Hauser are also on two-way deals with the club.

Contract Details: Yurtseven, Micic, Jones, Craig, Banton, Bazley, Petrusev

July 19th, 2023 at 11:06am CST by Luke Adams

The Jazz‘s deal with Omer Yurtseven is a two-year contract that features a partial guarantee for 2023/24 and is non-guaranteed in ’24/25, according to Michael Scotto of HoopsHype (Twitter link).

As previously reported, Yurtseven’s first-year salary is $2.8MM. His partial guarantee for the coming season is worth half that amount ($1.4MM), tweets Yossi Gozlan of HoopsHype. The big man’s deal has a descending structure, Hoops Rumors has learned, so assuming he remains under contract through the first year, his cap hit for ’24/25 will dip to $2.66MM.

Here are more details on a few recently signed contracts from around the NBA:

Vasilije Micic‘s three-year, $23.5MM contract with the Thunder includes a team option in the third year, league sources tell Michael Scotto of HoopsHype (Twitter link).
The Spurs signed Tre Jones to a two-year contract with a descending structure, Hoops Rumors has learned. The guaranteed base salaries are worth approximately $9.9MM and $9.1MM, for a total of $19MM. Jones can earn an extra $1MM in unlikely incentives to increase the total value of the deal to $20MM.
Torrey Craig‘s two-year deal with the Bulls, which includes a second-year player option, is for the veteran’s minimum.
Dalano Banton‘s two-year, minimum-salary contract with the Celtics is partially guaranteed for $200K in 2023/24. His guarantee will increase to a little over $1MM (50% of his salary) if he remains on the roster beyond the first day of the regular season. His second year is a team option.
Darius Bazley‘s one-year, minimum-salary deal with the Nets is non-guaranteed. He’ll receive a $200K partial guarantee if he makes the opening-night roster. That partial guarantee would increase to $700K if he’s still under contract beyond December 15.
The Sixers signed Filip Petrusev to a two-year, minimum-salary contract that is non-guaranteed in the second season. The first year is partially guaranteed for $559,782, which is half of the rookie minimum (and the equivalent of the full-season salary for a player on a two-way contract).

And-Ones: Towns, Smith, George, Moneke

July 18th, 2023 at 6:58pm CST by Dana Gauruder

The President of the Dominican Basketball Federation, Rafael Uribe, says there’s a “90 percent” chance that Timberwolves star Karl-Anthony Towns will play in this summer’s FIBA World Cup, Hoops Hype relays. The Dominican team also has several other NBA performers. Lester Quinones, Justin Minaya and Chris Duarte will be part of the Dominican squad that will play a warm-up match against the University of Memphis on August 2, Diamante Deportivo tweets.

We have more from around the basketball world:

Jabari Smith‘s scoring explosion was one of the notable developments in the Summer League, The Athletic’s John Hollinger writes in a recap of this month’s action. The Rockets’ second-year forward scored 71 points in his 64 summer minutes, signaling that he could be a breakout performer next season after struggling through his rookie campaign.
In a similar story, ESPN’s Insiders take a closer look at the Summer League’s surprises and disappointments. Kendra Andrews and Tim Bontemps both note that Jazz rookie Keyonte George, the 16th overall pick, was a standout.
Former NBA forward Chima Moneke has finalized a two-year agreement with Spain’s Baskonia Vitoria-Gasteiz, according to BasketNews.com. Moneke played with AC Monaco last season after a stint with the Kings. Moneke appeared in two NBA games before Sacramento waived him in January.

Assistant Bradds Keeps Pushing Juzang

July 18th, 2023 at 5:20pm CST by Dana Gauruder

Jazz summer league coach and developmental assistant Evan Bradds said he’s been pushing second-year swingman Johnny Juzang hard, Eric Walden of the Salt Lake Tribune writes. Juzang had a high efficient 26-point outing in the team’s second Summer League game. “I want him to succeed, and I think over the [past] year, we were able to build a good relationship,” Bradds said. “I think if you ask him, he would want to be coached hard. So if you tell me you want me to coach hard, I’m gonna coach you hard, no matter what — when you’re good, when you’re bad. Even during the game, we get a little heated, and that’s OK, that’s part of it.” Juzang is an unrestricted free agent after the Jazz pulled their qualifying offer.

Thunder Sign Vasilije Micic To Three-Year Deal

July 17th, 2023 at 5:07pm CST by Rory Maher

JULY 17: The Thunder have officially signed Micic, according to a team press release.

JULY 1: European star Vasilije Micic has agreed to a three-year, $23.5MM contract with the Thunder, agent Jason Ranne tells ESPN’s Adrian Wojnarowski.

Micic traveled to Oklahoma City a few weeks ago to discuss a potential contract with the Thunder. A report last week from Christos Tsaltas of Sportal.gr stated that Micic was “determined” to play in the NBA in 2023/24, and now he’ll be coming stateside on a lucrative multiyear deal.

Micic, 29, was selected by Philadelphia with the 52nd overall pick in the 2014 draft. The Sixers traded his draft rights in 2020 to the Thunder, who have held them for the last three years.

The 6’5″ guard has been playing in Europe since 2010 and has been a member of Anadolu Efes since 2018. He won back-to-back EuroLeague championships with the club in 2021 and 2022 and was named the EuroLeague’s Most Valuable Player in 2021. He and Anadolu Efes have also claimed Turkish League titles in 2019, 2021, and 2023, with Micic earning Finals MVP honors this year.

The Thunder already have several young guards on their roster, but they seem quite high on the Serbian veteran. According to Jake Fischer of Yahoo Sports (Twitter link), several teams trade to acquire Micic’s rights during last month’s NBA draft, including the Jazz, but OKC decided to retain him.

Micic averaged 16.0 points, 5.4 assists and 3.2 rebounds in 31 EuroLeague contests last season, posting a .435/.357/.870 shooting line in 31 games (31.3 minutes).

The Thunder may have their room exception, which can now be used on signings of up to three years, earmarked for Micic.

Jazz Sign Former Heat Center Omer Yurtseven

July 17th, 2023 at 4:57pm CST by Dana Gauruder

The Jazz have signed former Heat center Omer Yurtseven, according to a team press release.

It’s a two-year contract with a starting salary of $2.8MM, ESPN’s Bobby Marks tweets.

According to The Athletic’s John Hollinger, Utah had $2,841,448 cap space remaining and apparently used it to sign the Turkish big man (Twitter link).

The seven-foot Yurtseven is entering his third NBA season. He has averaged 5.2 points on 53.3% shooting and 4.9 rebounds in 65 career games (12 starts). He has also appeared in 17 postseason contests the past two seasons.

Yurtseven became an unrestricted free agent when Miami declined to extend him a qualifying offer. Yurtseven’s QO was only worth a projected $2.22MM but the Heat, burdened by luxury tax issues, chose to let him test the market.

Yurtseven projects as the third center behind Walker Kessler and Kelly Olynyk. Utah had been in the market to improve its frontcourt depth. The club made an offer sheet to restricted free agent Paul Reed but the Sixers matched it.

Rockets’ Cam Whitmore Named Summer League MVP

July 17th, 2023 at 2:46pm CST by Rory Maher

Rockets forward Cam Whitmore has been named the Las Vegas Summer League Most Valuable Player, the NBA announced (via Twitter).

The NBA also announced its All-Summer League First and Second Teams, which are as follows (Twitter links):

First Team

Keyonte George, Jazz (Backcourt)
Sam Merrill, Cavaliers (Backcourt)
Orlando Robinson, Heat (Frontcourt)
Hunter Tyson, Nuggets (Frontcourt)
Cam Whitmore, Rockets (Frontcourt)

Second Team

Max Christie, Lakers (Backcourt)
Javon Freeman-Liberty, Bulls (Backcourt)
Xavier Moon, Clippers (Backcourt)
Emoni Bates, Cavaliers (Frontcourt)
Jabari Smith, Rockets (Frontcourt)
Jalen Wilson, Nets (Frontcourt)

According to the NBA (Twitter link), Christie and Moon received the same amount of votes, which is why there is an additional backcourt player on the second team.

Whitmore, a projected lottery pick in last month’s draft who fell to Houston at No. 20, averaged 20.4 PPG, 5.6 RPG, 2.2 APG and 3.0 SPG on .465/.293/.625 shooting in his five Vegas Summer League games, per NBA.com.

Houston faces Cleveland at 8 p.m. CT tonight in the Summer League championship game. Both teams are undefeated, holding identical 5-0 records.