Grizzlies, Suns Swap Kyle Korver, Josh Jackson In Multi-Player Trade
JULY 7: The trade is official, the Suns announced in a press release.
JULY 3: The Grizzlies and Suns have agreed to a trade that will send newly-acquired Memphis sharpshooter Kyle Korver to Phoenix along with Jevon Carter, reports ESPN’s Adrian Wojnarowski (via Twitter). According to Wojnarowski, the Grizzlies will receive Josh Jackson, De’Anthony Melton, a 2020 second-round pick, and a conditional 2021 second-round pick in the deal.
That 2021 Suns second-rounder will only change hands if it falls between 31-35, tweets Chris Herrington of The Daily Memphian. Brooklyn will receive it if it lands between 36-60.
Because Korver is part of the Mike Conley trade with Utah that hasn’t yet been completed, this deal can’t be made official until after the one is finalized. Once both deals are done, the Grizzlies will pick up a former No. 4 overall pick (Jackson), as well as a second-rounder from last year’s draft (Melton), along with at least one future second-round pick.
In two NBA seasons, Jackson has been inconsistent for the Suns, averaging 12.3 PPG and 4.5 RPG but shooting just .415/.294/.650 in 156 total contests (25.3 MPG). He has also faced questions about his maturity and off-court behavior.
However, he’s still just 22 years old, so the Grizzlies will get the opportunity to see if they can continue to develop him and help him reach his ceiling. They’ll also have to decide by the end of October whether to pick up $8.9MM option for 2020/21 — at this point, I’d be surprised if they do.
Melton, the 46th overall pick in 2018’s draft, is another intriguing roll of the dice for Memphis, one the team has long had its eye on, per Wojnarowski (Twitter link). The former USC Trojan is considered a strong defender, and started 31 games for the Suns in his rookie season, averaging 5.0 PPG, 3.2 APG, 2.7 RPG, and 1.4 SPG in 50 total contests.
As for the Suns’ side, the move looks like it’s primarily designed to clear the cap room necessary to complete their other reported moves this week, including Ricky Rubio‘s three-year, $51MM deal. They’ll also be able to retain Kelly Oubre‘s cap hold, and will presumably see if Carter can earn some minutes in their backcourt rotation.
According to Wojnarowski (via Twitter), Korver is expected to be bought out by Phoenix before his $7.5MM salary for 2019/20 becomes fully guaranteed. Korver’s deal is only partially guaranteed for $3.44MM as long as he doesn’t remain under contract through July 7.
If and when Korver clears waivers, the Lakers, Bucks, and Sixers will be the frontrunners to sign him, says Wojnarowski.
As cap expert Albert Nahmad observes (via Twitter), the Grizzlies will be able to use trade exceptions to absorb Jackson’s and Melton’s contracts, generating two new trade exceptions worth $3.44MM (Korver’s partial guarantee) and $1.42MM (Carter’s salary).
Photo courtesy of USA Today Sports Images.
Warriors Trade Andre Iguodala To Grizzlies
JULY 7: The deal is now official, according to NBA.com’s transactions log. Golden State is receiving guard Julian Washburn, who was on a two-way contract with Memphis last season, while the Grizzlies get $2MM in cash considerations in the deal, as well as Iguodala and the draft pick, tweets Shams Charania of The Athletic.
JUNE 30: The Warriors have reached an agreement to trade Andre Iguodala to the Grizzlies, reports ESPN’s Adrian Wojnarowski (via Twitter). Memphis will also receive a 2024 first-round pick (top-four protected) in the deal, according to Wojnarowski.
Moving Iguodala became a virtual necessity for Golden State once the team agreed to acquire D’Angelo Russell from the Nets in a sign-and-trade deal. The Warriors will pay Russell the maximum salary of $27MM+ in 2019/20.
After taking into account Russell’s salary, Klay Thompson‘s new max deal, and the rest of the team’s commitments, the club was in danger of surpassing the $138.9MM tax apron, which isn’t permitted — when a team acquires a player via a sign-and-trade, it becomes hard-capped at that figure, so shedding salary became a must.
It appears likely that Shaun Livingston and his partially guaranteed $7.7MM salary will be on the way out as well. ESPN’s Bobby Marks breaks down the Dubs’ financial situation more thoroughly via Twitter, but it seems safe to say that the club won’t be able to bring back several of its own free agents, including Kevon Looney.
As Chris Herrington of The Daily Memphian observes (via Twitter), the Grizzlies will be able to take on Iguodala’s $17MM+ salary using the $25MM+ trade exception they’ll create when they officially send Mike Conley to Utah. The team should still be able to retain Delon Wright without going into the tax, but bringing back Avery Bradley appears unlikely, Herrington adds. Kyle Korver seems unlikely to remain in the picture in Memphis either.
It’s not clear whether Iguodala will stick with the Grizzlies. David Aldridge of The Athletic (Twitter links) suggests that Memphis would like to have Iguodala act as a veteran mentor to the team’s young players, but cautions that he wouldn’t rule out the possibility of a buyout. If the veteran swingman is bought out, he wouldn’t be eligible to re-sign with the Warriors in 2019/20.
Whether or not the Grizzlies retain Iguodala, it’s clear that the 2024 first-rounder is the prime asset in the deal. That pick will become top-one protected in 2025 if it doesn’t convey in 2024, according to Woj, who adds that it would be unprotected in 2026 if it doesn’t convey in either of the first two years.
Iguodala, who joined the Warriors in 2013, was a key part of the team’s run of success over the last several years. He won three titles with the club, earning the NBA Finals MVP in 2015.
Photo courtesy of USA Today Sports Images.
Latest On Russell Westbrook
The Heat and Pistons are expected to be the top contenders to land Russell Westbrook if the Thunder decide to trade him, according to Sam Amick and Brett Dawson of The Athletic.
Oklahoma City GM Sam Presti will meet this week with Westbrook and his agent, Thad Foucher, to plot out the future for the former MVP. All three were blindsided by Paul George‘s trade request, which was the result of Kawhi Leonard‘s successful lobbying effort to join him on the Clippers.
The Thunder are motivated to move Westbrook, not only because he’s the lone star left in OKC and will make $171MM over the next four years, but also because he plays the same position as Shai Gilgeous-Alexander, the centerpiece of their return in the George deal.
Miami would like to pair Westbrook with Jimmy Butler and could offer a package built around Goran Dragic, who has one year left on his contract at $19.2MM, and Dion Waiters, who is owed a combined $24.7MM over the next two seasons. Detroit’s offer might include Andre Drummond ($27MM in 2019/20 with a $28.75MM player option the following season), Reggie Jackson (one year left at $18MM) and Tony Snell ($11.39MM next season followed by a $12.18MM player option).
Some executives believe the Rockets could get involved as well, given GM Daryl Morey’s penchant for star chasing. However, pairing Westbrook with James Harden and Chris Paul, two other guards who like to control the ball, may prove awkward, and matching salary wouldn’t be easy. Houston would almost certainly have to part with Clint Capela ($14.9MM next season), Eric Gordon ($14MM), and P.J. Tucker ($8.35MM) in any deal if Paul isn’t included.
Sources with knowledge of Houston’s thinking confirmed to Tim MacMahon of ESPN.com that the Rockets have interest in Westbrook. However, one team source described a potential deal as a “long shot,” says MacMahon.
There’s more today on the Westbrook front:
- The Knicks have been mentioned as a possible suitor for Westbrook, but will have to wait until December to make a move, notes Marc Berman of The New York Post. New York no longer has the cap room to absorb Westbrook’s $37.5MM salary for next season after reaching deals with six free agents, and those new players can’t be traded before December 15. If the opportunity is still there, Elfrid Payton, Reggie Bullock, Bobby Portis, Wayne Ellington and Taj Gibson will all have expiring contracts that could interest the Thunder as they try to reduce a league-high tax bill. The Knicks can also offer the 2021 and 2023 first-rounders they acquired from Dallas in the Kristaps Porzingis deal, Berman adds.
- Michael Shapiro of Sports Illustrated mentions the Timberwolves, Celtics and Magic as other possibilities. A swap with Minnesota would be easy if OKC would accept Andrew Wiggins in return, he states, while the Celtics could offer Gordon Hayward and Jaylen Brown or wait a year and trade newly acquired Kemba Walker. Orlando has been seeking a point guard for years and has a lot of wings and big men to offer.
- The Bulls, Mavericks, Nuggets, Bucks, Spurs and Raptors all have the assets to get involved as well, according to Zack Rosenblatt of NJ.com.
Pacific Notes: Leonard, George, Caruso, Kings
Kawhi Leonard and Paul George may have permanently altered the perception of the two teams in Los Angeles, writes Arash Markazi of The Los Angeles Times. At one time, Leonard and George were both considered to be future Lakers. They were two stars who grew up in the L.A. area and wanted to leave their smaller-market teams for the comforts of home. That’s where they wound up, but they’re both Clippers.
Markazi recounts the history of the two franchises and how unbalanced the rivalry has been since the Clippers moved west. The Lakers had the stars, the famous fans and the titles, with 33 playoff appearances, 16 trips to the Finals and 10 championships from 1976 to 2011. Over that same time, the Clippers had just three winning seasons and made the playoffs four times.
The “Lob City” years and the purchase of the team by Steve Ballmer helped changed the balance of power as the Lakers fell onto hard times. Now with George and Leonard together on one side of Staples Center and LeBron James and Anthony Davis roaming the other, there finally appears to be a real rivalry.
There’s more from the Pacific Division:
- The Lakers will sign Alex Caruso with part of their $4.8MM room exception, tweets Bobby Marks of ESPN. A full day of signings on Saturday plus the Davis trade left the team a little more than $1MM below the salary cap, and Marks believes that money may be used to give second-round pick Talen Horton-Tucker a contract longer than two years. Dudley, Daniels and Rajon Rondo will all sign veteran’s minimum deals, Marks adds (Twitter link).
- The Warriors had “significant interest” in Caruso before he opted to return to the Lakers, tweets Ramona Shelburne of ESPN.
- The Lakers risk another “reality show” season with their flurry of signings in the wake of losing out on Leonard, observes Vincent Goodwill of Yahoo Sports. L.A.’s front office was heavily criticized last summer for not surrounding James with more shooters, and although they improved in that area this year with Danny Green, Jared Dudley, Troy Daniels and Quinn Cook, only Green has proven to be a reliable two-way player. Goodwill is also concerned about the lack of young talent, with Kyle Kuzma left as the only prominent player with a chance to improve.
- The Kings continue to move toward GM Vlade Divac‘s vision of a faster and deeper team with this year’s free agent signings, notes Jason Jones of The Athletic. Sacramento added veteran help for its young core by re-signing Harrison Barnes and adding Dewayne Dedmon, Trevor Ariza, Cory Joseph and Richaun Holmes.
Nets Rescind QO For Theo Pinson
To free up cap room for their free agent signings, the Nets have withdrawn their qualifying offer for Theo Pinson, tweets Keith Smith of Yahoo Sports. The rookie shooting guard is now an unrestricted free agent.
Undrafted out of North Carolina, Pinson joined the Nets for training camp on an Exhibit 10 contract and earned a roster spot as a two-way player. His deal was converted to a standard NBA contract shortly before the end of the season in April.
Pinson appeared in 18 NBA games in his first season, averaging 4.5 PPG in 11.7 minutes per night. He posted a 20.7/5.9/6.1 line in 34 G League games.
Sixers Trade Bruno Fernando To Hawks For Bone, Future Picks
JULY 7: The trade has been officially completed, according to a press release issued by the Hawks. Bone will be flipped to the Pistons by the Sixers.
JUNE 20: The Sixers selected Maryland big man Bruno Fernando with the No. 34 overall selection in this year’s draft, but he will not play in Philadelphia, per Shams Charania of The Athletic and Stadium, who tweets that the 76ers have traded Fernando to the Hawks for two future second-rounders and the No. 57 pick.
Kyle Neubeck of PhillyVoice reports that in addition to the No. 57 pick, Philadelphia will get Atlanta’s 2020 second-round pick (56-60 protected) and the most favorable of Atlanta’s, Charlotte’s, and Brooklyn’s 2023 second-round picks.
The Hawks were said to have interest in Fernando a little less than a month ago today, so it comes as no surprise that the team traded up into the top of the second round to draft the Maryland product.
Fernando averaged a double-double (13.6 PPG, 10.6 RPG) to go along with 1.9 BPG and a .607 FG% in 34 games for the Terrapins in 2018/19.
Hawks, Pelicans Finalize De’Andre Hunter Trade
JULY 7: The Pelicans and Hawks have officially finalized their trade, which was initially agreed upon on draft night. The deal looks like this:
- Hawks acquire Solomon Hill, the draft rights to De’Andre Hunter (No. 4 pick), the draft rights to Jordan Bone (No. 57 pick), and a conditional 2023 second-round pick.
- Pelicans acquire the draft rights to Jaxson Hayes (No. 8 pick), the draft rights to Nickeil Alexander-Walker (No. 17 pick), the draft rights to Marcos Louzada Silva (No. 35 pick), and the Cavaliers’ 2020 first-round pick (top-10 protected).
- Note: The Cavaliers’ protected 2020 first-rounder will become two second-round picks (2021 and 2022) if it’s not conveyed in 2020.
JUNE 20: The Pelicans have reached an agreement with the Hawks on a trade that will send the No. 4 overall pick to Atlanta, league sources tell ESPN’s Adrian Wojnarowski (Twitter link). Chris Haynes of Yahoo Sports (Twitter link) first reported that the two teams were close to a deal.
According to Wojnarowski, New Orleans is receiving the Nos. 8, 17, and 35 picks in tonight’s draft in exchange for Nos. 4 and 57, along with Solomon Hill‘s expiring contract and a future second-round pick. The Pelicans will also acquire Cleveland’s heavily protected 2020 first-rounder from the Hawks, Woj adds (via Twitter).
League sources tell Wojnarowski (Twitter link) that the Hawks are focused on drafting Virginia forward De’Andre Hunter with the fourth overall pick. A report earlier this week indicated that Atlanta was “very high” on Hunter, who reportedly didn’t work out for any teams besides besides the Hawks.
Shams Charania of The Athletic reports (via Twitter) that Hunter and Duke forward Cam Reddish are the two players Atlanta has targeted at No. 4, adding that the team is leaning toward Hunter. According to Jake Fischer of SI.com (Twitter link), Reddish’s camp has believed that the Hawks would keep No. 10 in a trade-up scenario, potentially to draft the Duke prospect with that selection.
Atlanta will indeed keep No. 10 in this deal with New Orleans. Having initially held six picks in the top 44, the Hawks have now traded away five of those picks (and taken on Hill’s unwanted $12.76MM salary for next season), but still hold Nos. 4, 10, and 57. They’re in position to draft a pair of top-10 prospects, including one they were willing to move up four spots for.
As for the Pelicans, new head of basketball operations David Griffin continues to stockpile assets — the team now holds five of the top 39 selections in this draft, including Nos. 1, 8, and 17. New Orleans also got out from under the final year of Hill’s contract, creating additional cap flexibility for free agency.
Technically, the Pelicans haven’t yet officially acquired the No. 4 pick from the Lakers, since the Anthony Davis blockbuster will have to be finalized in July. The same is true of the No. 17 pick, which the Hawks are acquiring in the not-yet-completed Allen Crabbe deal. Those trades will be officially finalized once the new league year begins, then this deal between New Orleans and Atlanta can be formally completed.
The Cavaliers’ pick headed to New Orleans in this swap is currently top-10 protected for 2020 and will become two second-rounders (in 2021 and 2022) if it doesn’t convey next season. It’s not clear if the Hawks added any additional protections, but given Cleveland’s outlook, it looks like that pick probably won’t end up being a real first-rounder.
Speaking of the Cavaliers, they’re receiving a ton of interest for the No. 5 pick, according to Jake Fischer of SI.com, who points out (via Twitter) that that could be the spot for Darius Garland now. The Vanderbilt point guard was previously considered the favorite to be the No. 4 pick.
Grizzlies Sign Brandon Clarke To Rookie Contract
Shortly officially finalizing their trade with the Thunder to acquire his draft rights, the Grizzlies have officially signed No. 21 overall pick Brandon Clarke to his rookie scale contract, according to NBA.com’s transactions log.
Clarke, 22, was viewed as a potential lottery pick entering the draft after he posted 16.9 PPG, 8.6 RPG, and a .687 FG% in his junior year at Gonzaga. When Clarke slipped a little, Memphis took advantage of his slide by packaging the No. 23 pick with a future second-rounder to move up to No. 21 to nab him.
As our chart of rookie scale salaries shows, Clarke’s first NBA deal figures to be worth approximately $2.48MM in year one and $12.15MM if he plays out the full four seasons.
Teams haven’t wasted any time in locking up their first-round picks to rookie contracts — Clarke is already the 19th of 30 first-rounders to formally sign, joining teammate Ja Morant in that group.
Jonathon Simmons Released By Wizards
The Wizards have waived Jonathon Simmons, tweets Candace Buckner of The Washington Post. He had just a $1MM guarantee on his $5.7MM salary for next season.
Washington acquired Simmons along with the 42nd pick in a draft-day trade with the Sixers, sending cash considerations in return. The Wizards used that pick to select Admiral Schofield of Tennessee.
Simmons, 29, went undrafted out of Houston in 2012, but was able to earn a spot on the Spurs‘ roster in 2015. He was impressive enough in San Antonio to earn a three-year, $20MM contract from the Magic in 2017. Simmons played a combined 56 games this season between Orlando and Philadelphia, averaging 6.5 points per night.
By parting ways with Simmons, Washington will gain a little breathing room below the luxury-tax line. Having acquired Davis Bertans from the Spurs earlier today, the Wizards projected to be a possible taxpayer, but removing Simmons’ $4.7MM partial guarantee from their books alleviates that concern for now.
Assuming he goes unclaimed on waivers, Simmons will become an unrestricted free agent early next week.
Mavericks Preparing Offer Sheet For Delon Wright
The Mavericks are targeting Grizzlies restricted free agent Delon Wright and could have his signature on an offer sheet by the end of the night, a league source tells Brad Townsend of The Dallas Morning News (Twitter link). Memphis will have 48 hours to decide whether to match the offer once it’s submitted to the league office.
The 27-year-old point guard took advantage of increased playing time after he was shipped from the Raptors to the Grizzlies in February as part of the Marc Gasol trade. In 26 games with Memphis, Wright posted career highs with 12.2 points, 5.4 rebounds and 5.3 assists.
Earlier in the night, Mavericks owner Mark Cuban told Townsend that the team was virtually done in free agency outside of an “opportunistic” situation, which turned out to be Wright (Twitter link). ESPN’s Tim MacMahon tweeted that the Mavs are waiting to finalize their deals from the past week while they search the trade market for ways to utilize their cap space, which goes away when all the transactions become official. That doesn’t include the Seth Curry signing, which is being done with cap room, and the extension for Dwight Powell, which doesn’t take effect until next season.
The Grizzlies have been making an effort to clear salary to better position themselves to keep Wright without going into tax territory. Their latest move came earlier today when they waived Avery Bradley.