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Wizards To Acquire Spencer Dinwiddie Via Sign-And-Trade

August 4th, 2021 at 11:56pm CST by Luke Adams

11:56pm: The Spurs are sending the draft rights to 2015 first-round pick Nikola Milutinov to the Nets in the five-team trade, according to Fred Katz of The Athletic (Twitter link). That will satisfy the “touching” requirements we outlined below and allow the deal to be officially completed once the moratorium ends on Friday.

Katz adds (via Twitter) that the Wizards have also agreed to trade one more second-round pick (Chicago’s 2023 selection) to the Lakers. Washington is giving up five second-round selections in the deal (three to the Lakers, one to the Spurs, and one to the Nets), as well as a second-round swap (to the Nets).

Finally, Katz reports that the third year of Dinwiddie’s contract will be partially guaranteed (Twitter link).

5:04pm: The Wizards and Spencer Dinwiddie are in agreement on a three-year, $62MM deal that will land the veteran point guard in Washington, reports Shams Charania of The Athletic (Twitter link). The club will acquire Dinwiddie from the Nets via sign-and-trade.

That $62MM figure had been expected for Dinwiddie’s deal with the Wizards, since it’s the most the team could pay him by looping his sign-and-trade into the larger Russell Westbrook deal with the Lakers, notes Fred Katz of The Athletic (Twitter link).

According to Charania (Twitter link), the Nets will receive a second-round pick and a draft-pick swap from the Wizards in the sign-and-trade agreement. The move will also create an $11.5MM trade exception for Brooklyn.

Additionally, the Wizards will trade Chandler Hutchison and a second-round pick to the Spurs as part of the multi-team deal, Charania reports (via Twitter). Moving Hutchison’s $4MM+ salary will allow Washington to remain out of tax territory for now, tweets ESPN’s Bobby Marks.

Adrian Wojnarowski of ESPN (Twitter link) provides the details on the draft assets, reporting that the Wizards are sending a 2022 second-rounder to San Antonio and a 2024 second-rounder to Brooklyn, as well as a 2025 second-round pick swap to the Nets.

The 2022 second-round pick headed to San Antonio will be the most favorable of the Lakers’, Bulls’, and Pistons’ second-rounders, tweets Fred Katz of The Athletic.

That 2025 swap will give Brooklyn a chance to send Golden State’s second-rounder to Washington in exchange for the Wizards’ 2025 second-rounder, tweets Tim Bontemps of ESPN. The 2024 second-rounder will be the more favorable of the Wizards’ and Grizzlies’ selections, Bontemps adds.

In total, Wojnarowski tweets, the deal will include five teams: the Wizards, Nets, Spurs, Lakers, and Pacers. The Westbrook trade agreement and the Wizards’ deal for Aaron Holiday will become part of this larger deal once it’s officially completed after the moratorium lifts on Friday.

Here’s what the full trade should look like, based on the details reported to date:

  • Wizards to acquire Dinwiddie (via sign-and-trade), Kyle Kuzma, Kentavious Caldwell-Pope, Montrezl Harrell, Holiday, and the draft rights to Isaiah Todd (No. 31 pick).
  • Lakers to acquire Westbrook, either the Wizards’ or the Grizzlies’ 2024 second-round pick (whichever is less favorable; from Wizards), and the Wizards’ 2028 second-round pick.
  • Nets to acquire either the Wizards’ or the Grizzlies’ 2024 second-round pick (whichever is more favorable; from Wizards) and the right to swap their the Warriors’ 2025 second-round pick for the Wizards’ 2025 second-round pick.
  • Spurs to acquire Hutchison and either the Bulls’, Lakers,’, or Pistons 2022 second-round pick (whichever is most favorable; from Wizards).
  • Pacers to acquire the draft rights to Isaiah Jackson (No. 22 pick).

As Eric Pincus of Bleacher Report points out (via Twitter), there will likely be at least one more piece involved between the Nets and Spurs in order to satisfy the rule that every team in a multi-team trade must “touch” two other teams in the deal. As reported so far, Brooklyn and San Antonio are each only receiving assets from (or sending an asset to) the Wizards. That last piece would likely be something minor, such as cash or the draft rights to a stashed player.

In Dinwiddie, the Wizards are getting a 28-year-old point guard who is coming off a lost season. He appeared in just three games before missing the rest of the 2020/21 campaign due to a partially torn ACL. However, Dinwiddie was reportedly cleared for all basketball activities in June and the expectation is that he’ll be good to go for the fall.

In his last full season, Dinwiddie averaged 20.6 PPG and 6.8 APG on .415/.308/.778 shooting in 64 games (31.2 MPG) for Brooklyn in 2019/20.

Word broke on Monday night that the Wizards and Dinwiddie were nearing an agreement, but the club didn’t have the cap space necessary to acquire him without getting the Nets’ cooperation in a sign-and-trade. Because Brooklyn didn’t want to take on any salary but wanted an asset or two for agreeing to play ball, it took all involved parties a couple days to work out the details of the deal that would get the point guard to D.C.

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Corey Kispert Signs Rookie Deal With Wizards

August 4th, 2021 at 9:23pm CST by Arthur Hill

The Wizards have signed Corey Kispert to a rookie contract, according to NBA.com’s transactions page.

Kispert, 22, was the 15th pick in this year’s draft. He earned first-team All-America honors at Gonzaga and helped the Zags reach the national championship game. Kispert put up career-best numbers as a senior, averaging 18.6 points and 5.0 rebounds per game while shooting 52.9% from the field and 44.0% from three-point range.

Assuming he received 120% of the rookie salary scale, Kispert will earn about $3.38MM in his first season and can make up to $16.36MM over the four-year deal.

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Raul Neto Re-Signs With Wizards

August 4th, 2021 at 7:48pm CST by Arthur Hill

AUGUST 7: Neto has officially re-signed, according to a team press release.

“We are very pleased to bring Raul back after the career year he had for us last season,” Wizards GM Tommy Sheppard said. “He was one of our most consistent players with a toughness and tenacity on both ends of the floor that allowed him to lead our second unit and step in when called upon as a starter.”

AUGUST 4: The Wizards will re-sign free agent guard Raul Neto, tweets Shams Charania of The Athletic.

Neto, 29, signed with Washington as a free agent last November. He averaged 8.7 points, 2.4 rebounds and 2.3 assists as the primary backup to Russell Westbrook, but also made 22 starts. He figures to keep the same role this season now that the Wizards have a sign-and-trade agreement for Spencer Dinwiddie, although Aaron Holiday will be in the mix as well.

A native of Brazil, Neto was drafted in 2013, but didn’t come to the NBA until two years later. He spent his first four seasons with the Jazz before signing with the Sixers in 2019.

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Free Agency Rumors: R. Jackson, Cavaliers, Suns, Wizards

August 4th, 2021 at 7:39pm CST by Arthur Hill

Reggie Jackson is getting a lot of interest on the free agent market after his strong playoff run, but the Clippers remain hopeful about re-signing him, tweets Jordan Schultz of ESPN.

Jackson, 31, is coming off a strong season and playoff run with the Clippers — he topped 20 points nine times during the playoffs and shot a career-high 43.3% from three-point range last season. Los Angeles holds his Early Bird rights and can offer him a starting salary worth up to nearly $10.4MM.

Money will be a key factor in Jackson’s decision, according to Schultz (via Twitter), who adds that the Pelicans may be a “sleeper team” in the race for the veteran point guard. New Orleans general manager Trajan Langdon is known to be a fan of Jackson.

There’s more news on free agency:

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Eastern Rumors: Dinwiddie, Wizards, Avdija, Oladipo, Knicks, Bitadze

August 4th, 2021 at 2:51pm CST by Luke Adams

The Wizards continue to work through their complicated sign-and-trade acquisition of Spencer Dinwiddie, according to multiple reports.

Quinton Mayo (Twitter link) has heard the Bulls and Thunder mentioned as teams that could end up getting involved in a multi-team trade involving Dinwiddie. Mayo also reports that the Nets asked the Wizards for Deni Avdija during those negotiations, which Kristian Winfield of The New York Daily News (twitter link) corroborates.

If and when the Wizards, Nets, and other potential trade partners figure out a deal, Dinwiddie is expected to get a three-year, $62MM deal from Washington, reports Winfield (Twitter link).

Here are a few more updates from around the East:

  • Although Victor Oladipo‘s camp is optimistic that he’ll be able to return to action sometime between late December and early February, some Heat people believe March is a more realistic target, tweets Barry Jackson of The Miami Herald. Oladipo, who underwent quad tendon surgery in May, agreed to a minimum-salary contract with Miami.
  • Following up on an Ian Begley report that stated the final year in the Knicks‘ deals with Nerlens Noel, Alec Burks, Derrick Rose, and Evan Fournier aren’t guaranteed, ESPN’s Zach Lowe (Twitter link) clarifies that all four deals are expected to have standard team options in their last years. Noel, Burks, and Rose will have those options in year three, while Fournier’s will be in year four.
  • Pacers big man Goga Bitadze wanted to play for the team in Summer League this month, but he missed Indiana’s first two SL practices due to back soreness and is now away from the club due to a personal matter, writes Scott Agness of Fieldhouse Files.
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Eastern Notes: Pacers, Knicks, Madar, Nets, Wizards

August 4th, 2021 at 8:14am CST by Luke Adams

While it’s not out of the question that the Pacers will make a major trade this offseason, the team isn’t any rush to move Myles Turner or Malcolm Brogdon, the two names that pop up most frequently in Pacers-related trade rumors, writes J. Michael of The Indianapolis Star.

Of those two players, Turner is less likely to be dealt, according to Michael, who suggests that new head coach Rick Carlisle would like to try to figure out the best way to maximize the Turner/Domantas Sabonis duo. It’s possible Carlisle will split up the two Pacers bigs and have Turner come off the bench to start the season, Michael adds.

As for Brogdon, the Pacers have been trying to determine whether he’s the right long-term fit as the team’s point guard and leader, according to Michael. As Michael details, Indiana had some locker room issues in 2020/21 and president of basketball operations Kevin Pritchard suggested at the end of the season that the club lacked vocal leadership. The Pacers may expect more in that regard from Brogdon going forward.

Here’s more from around the East:

  • The Knicks, who remain on the lookout for another point guard, have some interest in Dennis Schröder, according to Marc Berman of The New York Post. Berman also says New York contacted Elfrid Payton at the start of free agency, though it’s unclear if the club views him as a viable fallback option.
  • Yam Madar, the 47th overall pick in the 2020 draft, hopes to play for the Celtics this season, he told reporters on Tuesday. As Jared Weiss of The Athletic tweets, Boston’s plan is to see how Madar’s Summer League stint goes and to evaluate its options from there.
  • Nets star Kevin Durant is thrilled that Blake Griffin is set to return to the team for another season, writes Brian Lewis of The New York Post. “To have Blake back, I’m so excited,” Durant said from Tokyo. “I mean, as soon as the season was over, I was telling him that we want him back and telling him that, you know, we should try to do it again. And I was glad to see it get done.” In a separate story, Lewis confirms that James Johnson‘s new deal with Brooklyn is worth the veteran’s minimum.
  • After recently announcing a new deal for NHL star Alex Ovechkin, the centerpiece of his other franchise, Wizards owner Ted Leonsis discussed the contrast between how things played out with Ovechkin and Russell Westbrook, per Emily Kaplan of ESPN. “We had a superstar player with the Wizards, he had an opportunity and wanted to be traded to the Lakers,” Leonsis said. “And I was dealing with that as we were announcing Alex. I couldn’t help but self-reflect on what a difference it is. Here’s a great player in Russell Westbrook, played in OKC, wanted to be traded, went to Houston, wanted to be traded, came to D.C., wanted to be traded and is now in L.A. He’s an unbelievably great person and an unbelievably great player. But that’s the difference between the NBA and the NHL, I suppose.”
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Eastern Notes: Bulls, Dinwiddie, Nets, Celtics, Cavs, Pistons

August 3rd, 2021 at 8:49pm CST by Luke Adams

The first-round pick the Bulls will send to the Spurs in the DeMar DeRozan sign-and-trade will be top-10 protected in the first year and top-eight protected in the second and third years if it doesn’t convey immediately, reports John Hollinger of The Athletic.

That pick will tentatively be the Bulls’ 2025 first-rounder, but that’s conditional on Chicago sending its 2023 pick to Orlando. If the 2023 first-rounder falls in its protected range (top four) and the Bulls keep it, the Bulls would have to wait until at least 2026 to send a first-rounder to the Spurs in order to avoid running afoul of the Stepien rule, which prohibits teams from trading back-to-back future first-round picks.

Here’s more from around the East:

  • In an in-depth look at the challenges facing the Wizards in their efforts to acquire Spencer Dinwiddie via sign-and-trade, Danny Leroux and Fred Katz of The Athletic cite sources who say the Nets are seeking a significant asset (besides a trade exception) from Washington in any agreement.
  • The Celtics are taking a conservative approach to free agency this year in part because they want to maintain a salary structure that allows them to be players for a major free agent in 2022, as Mark Murphy of The Boston Herald explains (via Twitter).
  • The Cavaliers continue to scour the market for shooting help, according to Chris Fedor of Cleveland.com, who says Doug McDermott was the team’s top target entering free agency. McDermott, who agreed to a three-year deal with San Antonio, was one of a number of players on Cleveland’s wish list that opted to go elsewhere.
  • Pistons head coach Dwane Casey envisions Cade Cunningham and Killian Hayes sharing the play-making responsibilities for the team in 2021/22, as Keith Langlois of Pistons.com writes. “Both of ’em are 1A and 1B,” Casey said of his two young guards. ” Either one can bring it up. Either one can initiate offense. Either one can run pick and roll. What we want to work to is position-less basketball.”
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Free Agency Roundup: Rose, Bjelica, Suns, Vanderbilt, Niang, Schroder

August 3rd, 2021 at 6:12pm CST by Eli Cohen

Derrick Rose had received interest from the Pelicans, Wizards, Bulls, and Heat before re-signing with the Knicks, write Jeff Zillgitt and Mark Medina of USA Today. The USA Today adds that Kyle Lowry signing with the Heat helped usher Rose back to the Knicks and coach Tom Thibodeau. Rose agreed to a three-year, $43MM deal on Monday.

In the same piece, Zillgitt and Medina write that five other teams considered signing Nemanja Bjelica with their mid-level exception, but Bjelica prioritized signing with the Warriors instead. Bjelica agreed to a one-year deal for the veteran’s minimum earlier today.

We have more free agency rumors:

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Free Agency Rumors: DeRozan, Bulls, Wizards, McLaughlin, Rose, Heat

August 3rd, 2021 at 1:27pm CST by Luke Adams

A sign-and-trade deal that sends DeMar DeRozan to the Bulls remains a possibility for the veteran free agent wing, league sources tell Marc Stein (Twitter link). Chicago has previously been mentioned as a possible suitor for DeRozan, and Stein’s report suggests the team remains interested even after reaching agreements with Lonzo Ball and Alex Caruso.

A Monday report from Brian Windhorst of ESPN suggested that a double sign-and-trade sending DeRozan to the Bulls and Lauri Markkanen to the Spurs could be one possibility that the two sides would explore. Chicago also expiring contracts belonging to Thaddeus Young ($14.19MM) and Al-Farouq Aminu ($10.18MM), both of which would theoretically make for good salary-matching pieces.

Here are a few more rumors related to free agency:

  • As Spencer Dinwiddie and the Wizards continue to work toward a possible agreement that would land the point guard in D.C., Jake Fischer of Bleacher Report says (via Twitter) that Washington has begun exploring the possibility of trading Chandler Hutchison and a second-round pick as part of a potential sign-and-trade deal for Dinwiddie.
  • Jordan McLaughlin and his camp are optimistic about reaching a new multiyear contract agreement with the Timberwolves, according to Chris Hine of The Star Tribune (Twitter link). McLaughlin, a restricted free agent, met face-to-face with the Wolves when free agency opened on Monday, tweets Darren Wolfson of 5 Eyewitness News.
  • The Knicks are expected to re-sign Derrick Rose using his Early Bird rights, which means they can keep his smaller cap hold on their books for now and then eventually go over the cap to complete his deal, tweets Steve Popper of Newsday. Popper estimates that New York could still have upwards of $9MM in cap room to work with, or even more if the team waives Luca Vildoza‘s non-guaranteed salary.
  • The Heat had interest in Rudy Gay, but weren’t going to match Utah’s two-year, $12MM offer, preferring to commit most of their mid-level to a strong defensive player in P.J. Tucker, tweets Barry Jackson of The Miami Herald.
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Trade Rumors: Dinwiddie, Hornets, Ingles, T. Young

August 3rd, 2021 at 1:10pm CST by Arthur Hill

Spencer Dinwiddie is close to a deal with the Wizards, but it may take some complex maneuvering to get him there, Fred Katz writes in The Athletic’s free agency recap. The two sides are reportedly hammering out a three-year contract worth $60MM, but Washington is over the cap, so a sign-and-trade will have to be arranged involving the Nets and maybe more teams.

Katz points out that Brooklyn is already over the luxury tax threshold for next season and isn’t interested in adding salary. He suggests the teams may try to tie this deal to the trade sending Russell Westbrook to the Lakers. Katz is confident that Dinwiddie will eventually join the Wizards, but it won’t be easy to work through the details.

In the same piece, Alex Schiffer notes that Brooklyn has been trying to unload DeAndre Jordan‘s contract, which is worth nearly $20MM over the next two years. John Hollinger says the Lakers could send Kyle Kuzma directly to the Nets instead of the Wizards, which would enable Brooklyn to include Jordan and avoid a huge rise in its tax bill.

There’s more on potential trades to watch for:

  • The Hornets are one of the few teams that still has flexibility after an active first night of free agency, Hollinger adds. A sign-and-trade of Devonte’ Graham allows Charlotte to have $15MM in cap room or to expand the deal and bring another player, possibly Lauri Markkanen. Hollinger states that the Hornets still need one more guard and another big man.
  • The Warriors would be interested in trading for Joe Ingles if the Jazz make him available, sources tell Marcus Thompson II of The Athletic. Ingles will turn 34 soon, but his passing and shooting would be valuable in Golden State’s system, though Thompson cautions that actually acquiring him would be tricky from a cap perspective. The Warriors still have hope of signing longtime Spurs guard Patty Mills, Thompson adds.
  • Several contending teams and younger teams are interested in getting Thaddeus Young from the Bulls, tweets Joe Cowley of The Chicago Sun-Times. Chicago is hoping to resolve the situation with Markkanen before making a decision on Young.
  • There’s still a chance the Raptors could keep Goran Dragic– who is being acquired from the Heat in the Kyle Lowry sign-and-trade – rather than flipping him to another team, according to Michael Grange of Sportsnet (Twitter link).
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