Lakers Trade Marc Gasol, Second-Rounder, Cash To Grizzlies

4:57pm: The trade is official, according to a Grizzlies press release (Twitter link).


1:38pm: The Grizzlies remain active on the trade market, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that Memphis has agreed to acquire Marc Gasol, a 2024 second-round pick, and cash from the Lakers in exchange for the draft rights to 2016 second-rounder Wang Zhelin.

The swap will send Gasol back to the team with whom he earned three All-Star berths and a Defensive Player of the Year award, but the reunion will be short-lived. As Wojnarowski explains, the Grizzlies and Gasol have already agreed that he’ll be waived in order to allow him to remain in Spain with his family.

Gasol told reporters following Spain’s elimination from the Olympics last month that he intended to continue his NBA career and play out the last year of his contract with Los Angeles. However, there had been increasing chatter in recent weeks that suggested the veteran center had played his last game as a Laker. As Kyle Goon of the Southern California News Group tweets, the “writing was on the wall” for Gasol following L.A.’s signing of DeAndre Jordan on Thursday.

It’s unclear if Gasol is set to retire as a player or if he simply won’t seek a new team right away after being released by the Grizzlies. Either way, the move will open up a roster spot for the Lakers and save them some money, even after accounting for the cash they send to Memphis in the deal.

Taking into account Gasol’s $2.69MM salary and the accompanying luxury-tax penalty, Wojnarowski estimates that L.A. will recoup about $10MM. The Lakers will have 13 players on guaranteed contracts once the deal is finalized, leaving two spots open on the 15-man roster, though the club may only fill one of them for the start of the regular season.

Los Angeles also gets the rights to Wang, the 57th pick in the 2016 draft. However, it looks like he was just included to make the deal legal — he seems unlikely to sign an NBA contract anytime soon.

As for the Grizzlies, this will be their seventh trade of the summer, including the Juan Hernangomez deal with Boston that’s not yet official. Like many of Memphis’ other trades, this one won’t move the needle much, but allows the team to acquire a minor asset in the form of a 2024 second-rounder. That pick will be the Lakers’ own and is unprotected, per Chris Herrington of The Daily Memphian (Twitter link).

Until that Hernangomez deal is done, the Grizzlies have an open spot on their 20-man offseason roster, so they’ll likely look to complete the acquisition of Gasol and then release him before finalizing their deal with Boston, in order to avoid having to cut anyone.

The Grizzlies can acquire Gasol without matching salaries because he was signed using the minimum salary exception last offseason and can be acquired using the same exception. The Lakers will create a small trade exception worth Gasol’s outgoing salary ($2.69MM).

Heat Add Potter, Smart, Smith To Camp Roster

The Heat have added forward Micah Potter and guards Javonte Smart and Dru Smith to their training camp roster, according to a team press release.

Potter appeared in six Summer League games with Miami and averaged 7.3 PPG and 3.5 RPG. He went undrafted out of Wisconsin.

Smart averaged 5.5 PPG, 2.8 RPG and 2.2 APG with Miami’s summer league squad. Smart played three seasons at LSU, becoming just the seventh player in school history to record at least 1,200 points, 300 assists and 111 steals.

Smith, who attended Missouri, also appeared in six Summer League games with the Heat and averaged 8.0 PPG, 2.5 APG and 1.17 SPG.

All three were signed to Exhibit 10 deals, bringing Miami’s camp roster to 19, one below the limit, Barry Jackson of the Miami Herald tweets.

Exhibit 10 contracts give NBA teams a chance to bring players to training camp and get a look at them without guaranteeing them a regular season roster spot or any real salary. All three could potentially earn a $50K bonus if they remain on the Sioux Falls Skyforce roster for at least 60 days. The Skyforce are the Heat’s G League affiliate.

The trio could also be competing for Miami’s open two-way slot.

Cash Sent, Received In NBA Trades For 2021/22

During each NBA league year, teams face limits on the amount of cash they can send out and receive in trades. Once they reach those limits, they’re no longer permitted to include cash in a deal until the following league year.

For the 2021/22 NBA season, the limit is $5,785,000. If a team is including cash in a deal, the minimum amount required is $110,000.

The limits on sending and receiving cash are separate and aren’t dependent on one another, so if a team sends out $5,785,000 in one trade, then receives $5,785,000 in another, they aren’t back to square one — they’ve reached both limits for the season and can’t make another deal that includes cash.

Adding cash to a deal can serve multiple purposes. It can be a sweetener to encourage a team to make a deal in the first place – like when a team acquires a second-round pick in exchange for cash – or it can be a necessity to meet CBA requirements.

For instance, when the Knicks agreed to turn their signing of Evan Fournier into a sign-and-trade deal to allow the Celtics to create a trade exception, New York acquired two extra second-round picks (one was heavily-protected) along with Fournier. Since the Celtics had to receive something in the deal besides just creating their trade exception, the Knicks agreed to send Boston $110K, the minimum amount that can change hands in any trade involving cash.

We’ll use the space below to track each team’s cash sent and received in trades for the 2021/22 season, updating the info as necessary leading up to the 2022 trade deadline and for the first part of the 2022 offseason next June. These totals will reset once the ’22/23 league year begins next July.

Note: Data from Basketball Insiders and various media reports was used in the creation of this post.


Atlanta Hawks

  • Cash available to send: $4,950,411
  • Cash available to receive: $3,785,000

Boston Celtics

  • Cash available to send: $0
    • Sent $2,150,000 to Spurs.
    • Sent $3,635,000 to Magic.
  • Cash available to receive: $5,675,000
    • Received $110,000 from Knicks.

Brooklyn Nets

  • Cash available to send: $0
  • Cash available to receive: $3,675,000
    • Received $110,000 from Rockets.
    • Received $2,000,000 from Sixers. ^

Charlotte Hornets

  • Cash available to send: $5,785,000
  • Cash available to receive: $3,785,000

Chicago Bulls

  • Cash available to send: $4,585,000
  • Cash available to receive: $4,685,000
    • Received $1,100,000 from Rockets.

Cleveland Cavaliers

  • Cash available to send: $4,035,000
    • Sent $1,750,000 to Kings.
  • Cash available to receive: $5,785,000

Dallas Mavericks

  • Cash available to send: $5,785,000
  • Cash available to receive: $5,785,000

Denver Nuggets

  • Cash available to send: $5,585,000
    • Sent $200,000 to Spurs.
  • Cash available to receive: $5,785,000

Detroit Pistons

  • Cash available to send: $5,785,000
  • Cash available to receive: $0
    • Received $5,785,000 from Nets.

Golden State Warriors

  • Cash available to send: $3,785,000
    • Sent $2,000,000 to Hawks.
  • Cash available to receive: $5,785,000

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Raptors Cleared To Return To Toronto For 2021/22

After spending the 2020/21 season playing their home games at Amalie Arena in Tampa due to the coronavirus pandemic, the Raptors will be returning home for the 2021/22 campaign.

The franchise’s preseason schedule, which was formally announced today, includes a pair of home games at Scotiabank Arena in Toronto. A team spokesperson confirmed to The Canadian Press (link via Sportsnet.ca) that the Raptors have received government clearance to play at home this season.

The move had been expected due to the widespread availability of COVID-19 vaccines in both the United States and Canada, as well as the loosening of restrictions at the border. Other Toronto-based sports franchises, including the Toronto Blue Jays (MLB) and Toronto FC (MLS), had resumed hosting U.S. teams at their respective home fields in recent months.

It remains unclear how many fans will be permitted to attend NBA games in Toronto to start the season, according to The Canadian Press. The Raptors’ spokesperson said the club is optimistic about holding full-capacity events at Scotiabank Arena, but those discussions are presumably ongoing.

The team spokesperson also stated that anyone entering Scotiabank Arena as a spectator or media member will be required to show proof of their COVID-19 vaccination or proof of a medical exemption.

The Raptors’ first regular season home game will be on October 20 vs. Washington. It will be the first time the club has played a regular season game at Scotiabank Arena in nearly 20 months.

Saturday Is Deadline For Teams To Stretch 2021/22 Salaries

Saturday, September 11 is the last day that NBA teams can waive players and use the stretch provision to spread their 2021/22 cap hits across three seasons, as Bobby Marks of ESPN notes (via Twitter). The stretch provision allows teams to gain some short-term relief at the cost of reduced long-term flexibility.

[RELATED: Hoops Rumors Glossary: Stretch Provision]

In a normal NBA league year, the last day to stretch a player’s current salary would be August 31, but that deadline was pushed back by 11 days to account for the fact that free agency began at the start of August rather than the start of July.

After Saturday, a player who is released between September 12 and the end of the season can have his cap hit(s) in 2022/23 and future years stretched, assuming he’s owed guaranteed money beyond this season. But his ’21/22 cap charge will remain unchanged unless he reaches a buyout agreement with his team.

As Marks observes, this may end up being the first time since it was introduced in 2011 that not a single NBA team utilizes the stretch provision between the start of the league year and the late-summer deadline.

In every other recent offseason, at least three players have had their cap hits stretched after being waived (Twitter link via Marks). This year, teams like the Thunder (Kemba Walker) and Pistons (DeAndre Jordan), who waived players with pricey cap hits for the next two years, could have stretched out the dead money, but opted to keep those salaries confined to the next two seasons rather than spreading them across five years.

However, there are still some situations worth keeping an eye on in advance of Saturday’s deadline, especially for clubs over the luxury tax line.

For instance, we haven’t heard yet whether the Nets plan to stretch Jahlil Okafor‘s $2.13MM cap hit after cutting him on Thursday. Doing so would result in a projected $6.7MM in tax savings for Brooklyn in 2021/22, Marks tweets. However, the team will likely be well over the tax line for multiple years and may prefer to just eat Okafor’s dead money this season rather than having to account for $710K cap hits for three years.

Outside of Brooklyn, the NBA’s current projected taxpayers are the Warriors, Clippers, Bucks, Jazz, Lakers, Sixers, Celtics, and Trail Blazers. If any of those teams intends to waive a player who is owed guaranteed money for 2021/22, now might be the time to do it, in order to spread out that player’s cap hit and reduce this season’s tax bill.

Pacific Notes: Jordan, CP3, Haliburton, Warriors

When DeAndre Jordan signed with the Nets as a free agent in 2019, his friendships with Kevin Durant and Kyrie Irving were key factors in his decision. Having departed Brooklyn this offseason, he made it clear that he remains close with Durant and Irving, but that the time was right for he and the Nets to move in different directions after he fell out of the team’s rotation at the end of last season.

“It was just both parties wanted to figure out something that was best for both of us,” Jordan said, per ESPN’s Dave McMenamin. “And I feel like they gave me that respect as a veteran player to be able to understand that I wanted to be able to compete. … It just worked better for both of us.”

Jordan isn’t necessarily as close with anyone on his new team (the Lakers) as he was with Durant and Irving, but he said on Thursday that he’s looking forward to getting the opportunity to team up with several veterans that he has matched up against frequently over the years.

“Just to be able to be with a team like this with guys that you respect and guys that you’ve competed against for the past — going into my 14th season has been great in seeing, ‘I wonder what it would be like to play with this guy,'” Jordan said. “And you always think about that, whether you tell people or not.”

Here’s more from around the Pacific:

  • Suns point guard Chris Paul called it an “easy decision” to return to Phoenix as a free agent this offseason, according to Jeff Zillgitt of USA Today. “Not only did I love the basketball aspect, I’m close to family (in Los Angeles) and Phoenix is a family, too,” Paul said. “I’m excited to be back there.”
  • Tyrese Haliburton‘s name has popped up in trade speculation this offseason, though multiple reports have stated the Kings don’t intend to include him in any offer for Ben Simmons. For his part, Haliburton laughed off those trade rumors, as James Ham of NBC Sports Bay Area relays. “I kind of just laugh about it,” Haliburton said during an appearance on J.J. Redick‘s The Old Man and the Three podcast. “I don’t really think it’s that realistic. I don’t see it happening.”
  • Seth Cooper, who had been a player development coach in Golden State, will be the head coach of the Santa Cruz Warriors in the G League this season, according to Anthony Slater of The Athletic (Twitter link). Kris Weems, who was the head coach in Santa Cruz, will join the NBA team as a player development coach, Slater adds.

Amida Brimah To Play In Puerto Rico

After being waived by the Pacers last month, Amida Brimah will resume his playing career in Puerto Rico, according to Scott Agness of Fieldhouse Files, who reports (via Twitter) that the big man has signed with Mets de Guaynabo.

Brimah, 27, was in training camp with the Pacers last fall, then signed a two-way deal with the team in April. He appeared in five NBA games for Indiana down the stretch, recording 2.6 PPG, 1.6 RPG, and 1.0 BPG in just 5.8 minutes per contest. He also played in 10 games for the Fort Wayne Mad Ants during the G League season and put up 8.0 PPG, 8.6 RPG, and 2.6 BPG for the club in 23.5 MPG.

Although Brimah’s two-way contract covered the 2021/22 season as well, the Pacers didn’t plan on bringing him back for another year, opting to use their two-way contract slots on undrafted rookies Duane Washington and DeJon Jarreau. As a result, Brimah was cut in August when the club signed Jarreau.

This won’t be Brimah’s first time playing outside of the NBA or the G League. The former UConn center was briefly a member of KK Partizan in Serbia in 2018.

Nets Officially Sign Paul Millsap

Over a week after agreeing to terms with him on a one-year, minimum-salary deal, the Nets have officially signed free agent big man Paul Millsap, as our JD Shaw tweets. The team has issued a press release confirming the signing.

A four-time All-Star, Millsap has seen his role reduced in recent years during his second decade in the NBA. He spent the last four seasons in Denver, averaging 9.0 PPG, 4.7 RPG, and 1.8 APG on .476/.343/.724 shooting in 56 games (20.8 MPG) in 2020/21. Most of those per-game averages were his lowest marks since 2007/08.

Still, Millsap remains a solid, reliable frontcourt option who can help stabilize a defense. The Nets likely won’t lean on him to play a major role, since they’ll have a few other options up front, including veterans Blake Griffin and LaMarcus Aldridge, and up-and-coming center Nicolas Claxton.

As we noted last week when Millsap first agreed to sign with Brooklyn, the 36-year-old received interest from a handful of other clubs, including the Warriors, Bulls, and Clippers, but ultimately decided that the Nets gave him his best chance to compete for a title.

The Nets now have 15 players on fully guaranteed contracts, plus DeAndre’ Bembry on a partial guarantee. David Duke (Exhibit 10) and Kessler Edwards (two-way) are also under contract, leaving two open spots on the club’s 20-man offseason roster. It’s possible that unsigned second-round picks Marcus Zegarowski and RaiQuan Gray could fill those openings, but Brooklyn’s plans for those rookies remains unclear.

2021 NBA Offseason In Review: Boston Celtics

Hoops Rumors is breaking down the 2021 offseason for all 30 NBA teams, revisiting the summer’s free agent signings, trades, draft picks, departures, and more. We’ll evaluate each team’s offseason moves, examine what still needs to be done before opening night, and look ahead to what the 2021/22 season holds for all 30 franchises. Today, we’re focusing on the Boston Celtics.


Free Agent Signings:

Note: Exhibit 10 deals aren’t included here.

Trades:

  • Acquired Al Horford, Moses Brown, and either the Thunder’s, Wizards’, Mavericks’, or Heat’s 2023 second-round pick (whichever is least favorable) from the Thunder in exchange for Kemba Walker, the No. 16 pick in the 2021 draft, and either the Celtics’ or Grizzlies’ 2025 second-round pick (whichever is most favorable).
    • Note: If the Mavericks’ and Heat’s 2023 second-round picks are the two least favorable of the four 2023 second-rounders, the Celtics would acquire the most favorable of those two picks.
  • Acquired Josh Richardson from the Mavericks in exchange for Moses Brown.
  • Acquired Kris Dunn, Bruno Fernando, and the Trail Blazers’ 2023 second-round pick from the Hawks in a three-team trade in exchange for Tristan Thompson (sent to Kings).
  • Acquired cash ($110K) from the Knicks in exchange for Evan Fournier (sign-and-trade), the Hornets’ 2022 second-round pick (top-55 protected), and either the Thunder’s, Wizards’, Heat’s, or Mavericks’ 2023 second-round pick (whichever is least favorable).
    • Note: If the Mavericks’ and Heat’s 2023 second-round picks are the two least favorable of the four 2023 second-rounders, the Knicks would acquire the most favorable of those two picks.
    • Note: The Celtics created a $17,142,857 trade exception in the deal.
  • Acquiring Juan Hernangomez from the Grizzlies in exchange for Kris Dunn, Carsen Edwards, and the right to swap either the Pacers’ or Heat’s 2026 second-round pick (whichever is most favorable) for the Celtics’ 2026 second-round pick.
    • Note: This deal is not yet official.

Draft picks:

Contract extensions:

  • Marcus Smart: Four years, $77,087,995. Includes trade kicker ($1MM or 15%; whichever is lesser). Starts in 2022/23.
  • Robert Williams: Four years, $48,000,000 (base value). Includes $6MM in incentives. Starts in 2022/23.
  • Josh Richardson: One year, $12,196,084. Starts in 2022/23.

Departing players:

Other offseason news:

  • Danny Ainge stepped down as president of basketball operations.
  • Moved head coach Brad Stevens to the front office, naming him president of basketball operations.
  • Hired Ime Udoka as new head coach.
  • Added Will Hardy, Aaron Miles, Damon Stoudamire, Ben Sullivan, and Garrett Jackson to coaching staff; Jamie Young, Jerome Allen, Scott Morrison, and Jay Larranaga departed coaching staff.

Salary cap situation:

  • Remained over the cap and above the tax line.
  • Carrying approximately $143.2MM in salary.
  • Used full taxpayer mid-level exception ($5.89MM) to sign Dennis Schröder.
  • Would need to shed salary to use rest of non-taxpayer mid-level exception ($3,646,000) or bi-annual exception ($3,732,000), since using either would create a $143MM hard cap.
  • Five traded player exceptions available, including one worth $17.1MM and another worth $9.7MM.

Lingering preseason issues:

  • The trade for Juan Hernangomez can be finalized on September 15, when Kris Dunn‘s aggregation restriction lifts.
  • The Celtics will have 14 players on guaranteed contracts, plus Jabari Parker on a small ($100K) partial guarantee. They’ll have to decide whether to carry a 15th man and – if so – whether Parker will be that player. Parker’s salary would become 50% guaranteed if he makes the opening night roster.
  • The Celtics have one open two-way contract slot.
  • Al Horford is eligible for a veteran contract extension until October 18 (extend-and-trade limitations are in place).

The Celtics’ offseason:

Even after an underwhelming showing in 2020/21, it wouldn’t have been a huge surprise if the Celtics favored continuity this summer, attributing last season’s struggles to bad luck with COVID-19 and injuries and betting on a bounce-back year in 2021/22.

Instead, Boston made major changes at nearly every level of the organization. The Celtics will head into the fall with a new president of basketball operations and a new head coach, and without their highest-paid player from the last two seasons.

Entering the 2021 offseason, Brad Stevens was the fifth longest-tenured head coach in the NBA and Danny Ainge was the third longest-tenured head of basketball operations. Coaches and executives who have been around that long often make their own decisions on their futures rather than being forced out the door, and it appears that was the case with Ainge — he stepped down from his role rather than being fired. Stevens wasn’t fired either, as his move from the sidelines to the front office actually represented a promotion, putting him in position to hire his replacement.

That replacement will be Ime Udoka, an established NBA assistant who had been viewed as a future head coach for years due in large part to the time he spent under Gregg Popovich, both in San Antonio and with Team USA. While it’s difficult to predict how a first-time head coach will adapt to his new position, Udoka will be supported from the get-go by many of the Celtics’ top players. He was reportedly endorsed by Jayson Tatum, Jaylen Brown, and Marcus Smart after working closely with them during the 2019 FIBA World Cup.

Kemba Walker was also a member of that 2019 U.S. team, but by the time Udoka was hired by the Celtics, Walker had already been sent to Oklahoma City, as Stevens wasted no time making the first trade of his executive career.

The deal, which essentially saw the C’s swap Walker and the 16th overall pick for Al Horford, created financial flexibility for the team this year and next, but the jury’s still out on how it will affect the team on the court. Walker battled knee injuries during his time in Boston and Horford was great during his last stint with the franchise, but Horford may not be able to recapture his old form at age 35, and a healthy Walker remains a very dangerous offensive player. Throw in the fact that the No. 16 pick was eventually used on Alperen Sengun, one of the standouts of Summer League, and it’s possible Stevens’ first trade will eventually come back to haunt him.

For now though, the deal makes some sense for the Celtics. With the help of the money saved by swapping Walker for Horford, Boston was able to trade for Josh Richardson to replace departed free agent wing Evan Fournier, and sign Dennis Schröder, who will be handed many of Walker’s minutes at the point.

Richardson and Schröder had up-and-down seasons in 2020/21, but they have the ability to be better going forward. Richardson is an athletic, versatile defender who is comfortable with switching and guarding multiple positions, while Schröder should emerge as Boston’s third-most reliable scorer behind Tatum and Brown.

Floor spacing could be an issue for the Celtics, but there’s intriguing upside if Udoka can figure out how to get Richardson, Schröder, and Juan Hernangomez open, comfortable looks. None of the three connected on more than 33.5% of their three-point attempts in 2020/21, but Richardson’s and Hernangomez’s career rates are much higher, and Schröder made 38.5% of his threes in ’19/20.

Stevens was most active on the trade market this offseason, agreeing to five deals so far, but the work he did with contract extensions shouldn’t be overlooked. Rather than attempting to clear long-term money in the hopes of eventually opening enough cap space to make a run at a third star alongside Tatum and Brown, Stevens doubled down on the current core, signing Smart, Robert Williams, and Richardson to extensions.

Those deals don’t necessarily mean that all three players are part of the Celtics’ long-term future — they might actually be easier to trade on their new contracts. In recent years, the C’s have faced challenges on the trade market due to their lack of mid-level salaries — two years ago, for instance, Smart was the only player besides Tatum and Brown who was earning between $5MM and $32MM. That made it difficult to acquire starter- or rotation-caliber players on the trade market.

Boston’s big Gordon Hayward trade exception helped matters last year, making it possible to acquire Fournier, but taking on significant salary via a trade exception is no longer as practical due to the team’s luxury tax situation. Having movable contracts in the $10-20MM range like Smart’s, Williams’, and Richardson’s will give the Celtics more options in the trade market going forward, even if they end up deciding to keep those players.


The Celtics’ upcoming season:

The Celtics were considered one of the best bets to come out of the Eastern Conference entering the 2020/21 season. They finished with a .500 record and won just a single game in the postseason.

This year’s version of the Celtics seems likely to fall somewhere in between those two extremes. Boston is clearly a tier below the conference’s best teams (Brooklyn and Milwaukee), but there’s no reason to think the team can’t contend for a top-four spot in the East.

Udoka’s ability to get the hang of the head coaching job quickly will be a key factor in determining the Celtics’ upside, as will the ability of Schröder and Smart to handle the point guard job. However, the club’s ceiling could ultimately be decided by whether the young players can take a step forward.

Can Williams stay healthy and take on a bigger role at center? Can Payton Pritchard and Aaron Nesmith establish themselves as reliable rotation regulars? Do Tatum and Brown have another level to reach? If the answer to all of those questions is “yes,” the Celtics will be in line for a nice bounce-back year.


Salary information from Basketball Insiders was used in the creation of this post.

Blazers Sign Patrick Patterson To Camp Deal

9:15pm: The deal is official, per RealGM’s transactions log.


4:11pm: The Trail Blazers have reached an agreement on a training camp deal for free agent forward Patrick Patterson, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Patterson, 32, spent the last two seasons with the Clippers, appearing in a total of 97 regular season games for the club. The veteran stretch four averaged 5.0 PPG and 2.3 RPG on .420/.377/.800 shooting in 14.0 minutes per contest for the team over those two years.

A report on Wednesday from Michael Scotto of HoopsHype suggested that Patterson was among the veteran forwards receiving interest from the Blazers. The team was also linked to Michael Beasley, James Ennis, and Isaiah Hartenstein — it’s unclear if the deal with Patterson rules out the possibility of those players being added to the roster, or if Portland is open to further opening up its training camp competition for a roster spot.

The Blazers currently have 13 players on guaranteed contracts, with Dennis Smith Jr., Marquese Chriss, and now Patterson set to attend camp on non-guaranteed deals. Portland must carry at least 14 players during the regular season, so at least one roster spot is very much available. However, that may be the only spot up for grabs — the Blazers could opt to keep the 15th roster spot open to start the season in order to reduce their projected luxury tax bill.