Heat Considered Frontrunners For Kyle Lowry
Chatter about the possibility of free agent point guard Kyle Lowry joining the Heat has increased significantly since the team announced this afternoon that it has picked up Goran Dragic‘s $19MM+ team option for 2021/22.
In the wake of the Dragic decision, ESPN’s Adrian Wojnarowski stated (via Twitter) that the move was considered a possible precursor to a sign-and-trade deal that would send Lowry from the Raptors to the Heat, while Marc Stein (Twitter link) referred to Miami as the “favorite” to land the 35-year-old point guard.
Anthony Chiang of The Miami Herald (Twitter link) also hears that the Heat are viewed as the frontrunners for Lowry, and Barry Jackson of The Miami Herald tweets that there’s “growing optimism” a deal will come together.
Meanwhile, Ira Winderman of The South Florida Sun Sentinel (Twitter link) outlines a pretty specific scenario in which Dragic and Precious Achiuwa would be outgoing pieces in a sign-and-trade for Lowry, who would receive a three-year contract starting at about $26MM. Dragic would subsequently be bought out by the Raptors, Winderman adds. Technically, sign-and-trade discussions about a free agent aren’t permitted by rule until Monday night, but Winderman’s tweet sounds like more than just speculation.
Still, while momentum appears to be in Miami’s favor for now, we’re still 24 hours away from free agency and the Lowry sweepstakes certainly aren’t over yet. As Wojnarowski notes (via Twitter), the Raptors would have to be satisfied by the picks and/or young players they get for Lowry in order to accept a sign-and-trade deal, since they could open up a chunk of cap room by simply letting him walk.
The Pelicans, Mavericks, and Sixers all remain in the hunt for the six-time All-Star too, says Chiang. However, the Heat may be Lowry’s top choice for a handful of reasons, including his friendship with Jimmy Butler and his respect for the organization, per Jackson.
Heat Pick Up Dragic’s Team Option, Decline Iguodala’s
The Heat have made two divergent decisions on two decorated NBA veterans who proved instrumental in their 2019/20 NBA Finals run.
Miami has decided to pick up its $19.4MM team option on veteran point guard Goran Dragic for the 2021/22 season, per Anthony Chiang of The Miami Herald (Twitter link). Dragic, 35, has been with the Heat since midway through the 2014/15 season, and netted his lone All-Star appearance with the club in 2018. Dragic was also named to the 2014 All-NBA Third Team while with the Suns.
Picking up Dragic’s option does not necessarily mean he is guaranteed to stick with the Heat this summer. As Barry Jackson of the Miami Herald notes (via Twitter), his contract could be incorporated to help match salaries in a big-money trade.
Andre Iguodala, meanwhile, will be hitting the open market. Adrian Wojnarowski of ESPN reports (via Twitter) that the Heat will not pick up their $15MM player option on the final year of the extension Iguodala inked with the club after he was traded from Memphis to Miami in the 2019/20 season. The 37-year-old Iguodala was named the 2015 Finals MVP during his first of three championships with the Warriors, and also has an All-Star appearance, two All-Defensive Team selections, and an Olympic gold medal on his resume.
Exercising Dragic’s option likely means Miami will operate as an over-the-cap team, but Woj suggests (Twitter link) the club will still be a player in free agency, either by carving out cap space in another way or via sign-and-trades.
Raptors point guard Kyle Lowry, an unrestricted free agent this summer, remains among Miami’s most-desired free agent additions. Woj notes (via Twitter) that Dragic’s deal could be incorporated into a Lowry sign-and-trade with Toronto, while Marc Stein (Twitter link) refers to the Heat as the “favorite” to land Lowry and Barry Jackson of the Miami Herald tweets that Miami is a “very strong consideration” for the longtime Raptor.
As Bobby Marks of ESPN (Twitter link) observes, if the Heat could add Lowry via sign-and-trade, they’d still possess the $9.5MM full non-taxpayer’s midlevel exception to sign a quality free agent and would be in position to retain restricted free agent sharpshooter Duncan Robinson, who appears to be in line for a major raise.
Olympic Notes: Tatum, Durant, Holiday, P. Gasol
Team USA has one Olympic loss already and now that the medal round is here, another defeat would end its gold medal hopes. The Americans will face Spain in the quarterfinals and Celtics forward Jayson Tatum could be the key to advancing, writes Joe Vardon of The Athletic.
Spain captured the FIBA World Cup in 2019, but Tatum played in just two games after being injured early in the tournament. He’s fully healthy now and has gotten over a slow start in the Olympics, scoring 27 points in Saturday’s rout of the Czech Republic.
“Our confidence never wavered,” said Tatum, whose team lost a pair of exhibition games in Las Vegas, then dropped its Olympic opener against France. “We understood that it wasn’t gonna be easy. We didn’t have our full team until four days ago, five days ago, so we knew that we had a lot of challenges ahead of us. And we also know that we would continue to get better every day. We would get better from each game, each practice, just the more time that we spent together, we were never going to be the same team, from day one, that we are now. And hopefully, we’re better this time next week than we were today.”
There’s more from Tokyo:
- Kevin Durant reached a milestone Saturday, passing Carmelo Anthony as Team USA’s all-time leading scorer in Olympic competition, Vardon adds in a separate story. Durant, who is seeking his third gold medal, now has 354 total points. “It is special to do something like that,” he said. “Scoring is something I worked on my whole career and something I’ve expanded my whole career, and being able to consistently do it is pretty cool.”
- The U.S. didn’t have a pure point guard until Jrue Holiday joined the team, says Jim Souhan of The Star Tribune. Holiday was busy with the playoffs during training camp and exhibition play and didn’t leave for Japan until after the Bucks’ championship parade. “His entry onto the team, late as it was, has had an immediate effect, because he garners so much respect from his teammates,” coach Gregg Popovich said.
- After undergoing surgery for a stress fracture in his left foot, Pau Gasol was determined not to let it end his career, writes Tim Reynolds of The Associated Press. The 41-year-old has battled back and is playing an important role for Spain. “I love the game,” Gasol said. “I wanted to finish my career playing. I had such an incredible, extraordinary career that I didn’t want the injury to finish it for me.”
Knicks Notes: Randle, Draft Night, Point Guards, Gibson
July 31 marked the trigger date for Julius Randle‘s contract guarantee, so the Knicks now owe him the full $19.8MM for next season, tweets Bobby Marks of ESPN. There was no suspense about whether New York would be willing to pay Randle that much in the wake of a career season that saw him win the Most Improved Player award and earn second-team All-NBA honors.
The real intrigue this offseason involves a four-year, $106MM+ extension that Randle is eligible to receive. The Knicks have plenty of incentive to sign him at that figure, as Randle could potentially make a lot more next summer as an unrestricted free agent, particularly if he puts together another All-NBA season. New York will have his Bird rights if that happens and can exceed the salary cap to re-sign him.
Randle joined the Knicks two years ago on a three-year, $63MM contract that carried just a $4MM guarantee for 2021/22. His game blossomed in New York, especially under new coach Tom Thibodeau, as he averaged 24.1 points, 10.2 rebounds and 6.0 assists per night while leading the team to the No. 4 seed in the East.
There’s more from New York:
- The Knicks’ decision to trade the 19th pick in this year’s draft to the Hornets for a heavily protected future selection was done to free up another $2.4MM for free agency, according to Marc Berman of The New York Post, citing an NBA executive who has talked to team president Leon Rose. New York never planned to use both of its first-round picks Thursday night and was happy to get Quentin Grimes and Miles McBride after trading down.
- Even if the Knicks can’t lure top targets Chris Paul and Kyle Lowry in free agency, they will have plenty of options at point guard, Berman adds. With more than $50MM in cap space, New York can outbid rival teams for Spencer Dinwiddie, Cameron Payne, Dennis Schroder or Reggie Jackson. Restricted free agent Lonzo Ball remains a possibility, but the Knicks saw him as a better fit in February than they do now, sources tell Berman. Re-signing Derrick Rose, a favorite of Thibodeau, remains on the table, although the front office is debating whether to make a long-term offer to Rose, who will turn 33 in October. The Bulls may get into the bidding for the Chicago native.
- Saturday’s decision to waive backup center Norvel Pelle increases the chances that Taj Gibson will be back on the roster next season, Berman states in a separate story. A source told Berman the Knicks would consider re-signing Pelle at some point during the season if injuries leave them needing help in the middle.
QO Roundup: Perry, Stanley, Brantley, Forrest, Coffey
The Nets will extend a qualifying offer to power forward Reggie Perry, tweets Michael Scotto of Hoops Hype. The 57th pick in the 2020 draft, Perry was acquired in a trade with the Clippers and earned a two-way contract as a rookie. He appeared in 26 games last season, averaging 3.0 points and 2.8 rebounds per night.
Because Perry was a two-way player with just one season in Brooklyn, his qualifying offer is limited to one year with a $50K guarantee. The QO means he will be restricted, giving the Nets the right to match any offer when free agency starts Monday.
There are a few more qualifying offers to round up:
- Cassius Stanley received a QO from the Pacers, according to J. Michael of The Indianapolis Star (Twitter link). The shooting guard was also a rookie two-way player, so his offer is subject to the same terms as Perry’s. Stanely got into 24 games, averaging 1.5 PPG.
- The Jazz extended qualifying offers to Jarrell Brantley and Trent Forrest, tweets Tony Jones of The Athletic. Brantley, a power forward, averaged 2.3 points and 1.0 rebounds in 28 games in his second NBA season, while Forrest, a rookie point guard, appeared in 30 games, averaging 2.9 points and 1.5 assists per night. Both are two-way players.
- The Clippers made a qualifying offer to Amir Coffey, according to Andrew Greif of The Los Angeles Times (Twitter link). The second-year shooting guard, also on a two-way contract, got into 44 games, averaging 3.2 PPG and 1.0 RPG.
Free Agency Rumors: Lowry, Dragic, Ball, Lakers, DeRozan, McGee
Miami is a legitimate option for Raptors guard Kyle Lowry in free agency, tweets Tim Reynolds of The Associated Press. A source tells Reynolds that the Heat “have his attention and have had it for a while.”
Lowry will be among the top point guards on the market when free agency begins Monday, with the Pelicans, Mavericks and Sixers all likely to be heavily involved. Toronto may also make a strong bid to hang onto Lowry, who has been with the organization since 2012.
There are plenty of rumors on the eve of free agency:
- Many teams are expected to be interested in veteran guard Goran Dragic if the Heat turn down their $19.4MM team option and make him a free agent, according to Shams Charania of The Athletic (Twitter link). Charania doesn’t identify any of the potential suitors, but says they include “several NBA title and postseason contenders.” Miami has a deadline of 5:00pm Eastern Time today to reach a decision on Dragic, along with a $15MM option on Andre Iguodala.
- William Guillory and John Hollinger of The Athletic break down sign-and-trade possibilities for the Pelicans involving Lonzo Ball. The Bulls, Pacers, Clippers, Celtics and Wizards are all mentioned as potential sign-and-trade partners.
- Dwight Howard could return to the Lakers to provide help at center, Broderick Turner of the Los Angeles Times suggests in a free agent roundtable on both L.A. teams. Howard helped the Lakers win a title in 2020 before signing with the Sixers last offseason. Turner names Patty Mills, Wayne Ellington, Trevor Ariza, Carmelo Anthony, Jeff Green, Iguodala, and Dragic as other possible targets. The Clippers may pursue DeMar DeRozan if he’s willing to take a pay cut, Andrew Greif states in the same piece.
- JaVale McGee would “definitely” consider returning to the Nuggets, stating that a chance to win will be his priority in free agency, as Mark Kiszla of The Denver Post details.
Scotto’s Latest: Markkanen, Noel, Raptors, Pistons, L. Williams
The Bulls and Lauri Markkanen are open to working out a sign-and-trade deal that would send him to a new team, league sources tell Michael Scotto of HoopsHype. Chicago issued Markkanen a qualifying offer this week that will ensure he’s a restricted free agent, giving the team some leverage in negotiations.
Scotto identifies the Timberwolves – who have long been on the hunt for a power forward – as one team to watch as a possible sign-and-trade destination for Markkanen. The Spurs and Thunder are also among the teams with Markkanen on their radar, per Scotto. San Antonio and Oklahoma City would have the cap flexibility necessary to issue Markkanen an offer sheet without giving up an asset in a sign-and-trade if they’re confident Chicago won’t match.
Here are a few more updates on free agency from Scotto:
- Following a strong season in New York, free agent big man Nerlens Noel is expected to draw interest from the Raptors, Knicks, Pistons, and Kings, writes Scotto.
- The Raptors and Pistons should have a little cap flexibility and will likely look to the free agent market to address the center position. Scotto reiterates that Jarrett Allen and Richaun Holmes are on Toronto’s radar, and names Kelly Olynyk as a potential Detroit target. Some people around the league believe Olynyk will end up signing a deal worth $10-12MM per year, Scotto adds.
- Despite mutual interest in a new deal between the Hawks and Lou Williams, the three-time Sixth Man of the Year will receive interest from other clubs, including the Pacers and Bucks, says Scotto. Williams is seeking a multiyear deal.