Warriors, Wizards Officially Complete Chris Paul, Jordan Poole Trade
The Wizards have officially traded point guard Chris Paul to the Warriors, completing a deal that was first reported on draft day. The Warriors confirmed the move in a press release (Twitter link).
In exchange for Paul, Washington received guards Jordan Poole and Ryan Rollins, forward Patrick Baldwin Jr., the Warriors’ 2030 first-round pick (top-20 protected), Golden State’s 2027 second-round pick, and cash, per a Wizards announcement.
One of the most accomplished point guards in NBA history, Paul holds career averages of 17.9 points, 9.5 assists, 4.5 rebounds, and 2.1 steals per game on .472/.369/.870 shooting in 1214 regular season appearances across 18 NBA seasons. His 13.9 PPG in 2022/23 represented a career low, but he still shot the ball well (.440/.375/.831) and contributed 8.9 APG, 4.3 RPG and 1.5 SPG in 59 regular season contests.
In Golden State, CP3 will team up with Warriors stars Stephen Curry, Klay Thompson, and Draymond Green in search of his first NBA championship. Golden State will also create long-term cap flexibility in the deal by replacing Jordan Poole’s four-year, $123MM+ extension with Paul’s pseudo-expiring $30.8MM contract. Paul is under contract for 2024/25 too, but his $30MM salary for that season is non-guaranteed.
The Wizards, who initially acquired Paul from the Suns in their Bradley Beal blockbuster, will roll the dice on Poole and a pair of 2022 draftees while also securing a pair of draft assets in the deal.
Because draft picks can’t be protected more than seven years out, the Warriors’ top-20 protected 2030 first-round pick won’t roll over to 2031 if it doesn’t convey in ’30. The exact terms of the protection aren’t yet known, but I expect Washington will instead receive Golden State’s 2030 second-rounder if that first-rounder lands in the top 20.
You can read more about this trade in our initial June report.
Celtics Rumors: Brown, Lillard, G. Williams, Tatum, Johnson
Just because the Celtics and Jaylen Brown didn’t immediately agree to a super-max extension once he became eligible on July 1 doesn’t mean anything is amiss, writes Adam Himmelsbach of The Boston Globe (subscriber link). Sources tell Himmselsbach that the Celtics aren’t shopping Brown and don’t plan to low-ball him once they begin negotiating.
Himmselsbach reiterates a point that other reporters have made, that Boston might push for some incentives in the deal, but there’s still an expectation that Brown will eventually receive and sign his super-max at some point. The two sides are expected to discuss the massive extension on Friday during Las Vegas Summer League, Himmselsbach adds.
Here’s more on the Celtics:
- Boston has accumulated several draft picks via trade this offseason, leading to speculation the Celtics could be looking for a major deal. However, although the team eventually plans to cash in on its draft equity for a “seismic strike,” such a move appears unlikely this offseason, sources tell Himmelsbach.
- According to Himmselsbach, the Celtics aren’t pursuing Trail Blazers star Damian Lillard and don’t intend to get involved in that situation unless they find something favorable as part of a multi-team deal. ESPN recently reported that Boston “expressed some interest” in the All-NBA guard.
- While the Celtics valued Grant Williams, they recognized that his role was in flux after acquiring Kristaps Porzingis, whose acquisition came as a surprise to the organization, sources tell Himmselsbach. Williams wanted an opportunity for consistent playing time which Boston couldn’t guarantee, and that factored into Brad Stevens‘ decision to agree to sign-and-trade Williams to Dallas.
- The Celtics are willing to exceed the second tax apron in the future and still project to be a taxpayer, but retaining Williams on the contract he received would have added $40MM to the tax bill. Boston didn’t think that made sense financially, given his uncertain role, says Himmelbach.
- Losing Marcus Smart (as part of the Porzingis trade) and Williams will leave a leadership and toughness void, according to Himmselsbach. However, the Celtics expect stars Brown and Jayson Tatum to fill that void. The team felt the two wings deferred to Smart at times in key moments, but obviously that will change.
- Tatum was close to Williams, but he understood the team’s decision to move the restricted free agent and is focused on improving the team’s roster, sources tell Himmelsbach.
- Free agent forward Alize Johnson will workout for the Celtics this week, according to Michael Scotto of HoopsHype. The five-year NBA veteran played four games for the Spurs in 2022/23.
Cameron Johnson Signs Four-Year Contract With Nets
JULY 6: The Nets have officially re-signed Johnson, the team confirmed today in a press release.
“Re-signing Cam was our top priority throughout this free agency period, and we are thrilled to have him remain in Brooklyn as a core member of the Nets for years to come,” Nets general manager Sean Marks said in a statement. “Since the moment he arrived last season, Cam immediately embraced a leadership role both on and off the court. His versatile skillset as a two-way wing has proven to be an ideal fit with our roster, and we look forward to the positive impact he will continue to bring to our team and the Brooklyn community.”
JUNE 30: Restricted free agent forward Cameron Johnson wasted no time in coming to a contract agreement with the Nets, according to Adrian Wojnarowski of ESPN (Twitter link). Johnson will sign a four-year, $108MM contract to remain in Brooklyn, agent Steven Heumann tells Wojnarowski.
Michael Scotto of HoopsHype clarifies (via Twitter) that Johnson will be able to earn up to $108MM with incentives, so it sounds like the base value of the deal will be a little lower than that.
The 11th overall pick in the 2019 draft, Johnson immediately emerged as a rotation player for the Suns as a rookie and has steadily improved since then, increasing his scoring average in each of his three subsequent seasons.
Johnson, who was dealt from Phoenix to Brooklyn in February’s Kevin Durant blockbuster, saw his 2022/23 season debut delayed by a knee injury, but played well after returning, averaging 15.5 points, 4.4 rebounds, and 1.9 assists in 28.5 minutes per night across 42 appearances for the Suns and Nets.
Johnson’s shooting is his calling card. His shooting line this past season was an impressive .470/.404/.842, and he has made 39.3% of 5.6 three-point attempts per game over the course of his career. And while he’s not an elite defender, he has the size and versatility to guard either forward spot.
The Pistons were rumored to be considering a play for Johnson in free agency, but they reached an agreement with the Nets earlier in the day on Friday to acquire Joe Harris in a trade. That move essentially took the Pistons out of the running for Johnson, since Harris gave them the shooter they sought while taking up a significant chunk of their cap room. The move also gave the Nets more flexibility below the luxury tax line to make a strong offer to Johnson.
With Mikal Bridges locked up for the next three seasons and Johnson secured for the next four, the Nets are poised to build around the two former Suns forward who came over in the Durant trade.
Pacers Sign Tyrese Haliburton To Rookie Scale Max Extension
JULY 6: The Pacers have officially Haliburton to his maximum-salary rookie scale extension, the team announced today.
The contract doesn’t feature a player option, but does have a 15% trade kicker, according to Tony East of SI.com (Twitter link), who confirms that a spot on any of the three All-NBA teams next season will bump Haliburton up to the full 30% max.
JUNE 30: Point guard Tyrese Haliburton is signing a five-year, rookie scale max extension with the Pacers, agents Dave Spahn and Aaron Mintz tell ESPN’s Adrian Wojnarowski (Twitter link).
As a designated rookie, Haliburton will earn at least 25% of the 2024/25 salary cap, which is when his extension will officially kick in. However, Wojnarowski suggests the contract will feature Rose rule language that could boost the value to 30% of the cap over five years.
To receive the 30% max, Haliburton will have to meet one of three performance criteria next season: All-NBA, Defensive Player of the Year, or MVP. If he earns one of those honors and the cap increases by 10% in ’24/25, Haliburton’s deal would be worth $260MM.
The 23-year-old averaged 20.7 PPG, 10.4 APG, 3.7 RPG and 1.6 SPG on an excellent .490/.400/.871 shooting line in 56 games (33.6 MPG) in ’22/23, earning his first All-Star nod in the process. The former first-round pick just finished his third season, making him eligible for a rookie scale extension.
Several draft analysts had Haliburton high on their boards, but he wound up falling to the Kings at No. 12 overall in 2020. He played very well in his stint with Sacramento, but his fit with fellow point guard De’Aaron Fox was less than perfect, particularly defensively, so the Kings memorably traded him in February 2022 for a package headlined by big man Domantas Sabonis.
The deal has worked out well for both teams. Sabonis helped the Kings break their record-long playoff drought, while Haliburton has shined in a featured role with Indiana.
Advanced stats nearly universally say Haliburton has been the top player from the 2020 draft class through three seasons. His efficiency and excellent decision-making stand out.
The 23-year-old only averaged 2.5 turnovers per game last season, good for a 4.15-to-1 assist-to-turnover ratio – an top-tier mark. Indiana went 28-28 with him in the lineup, versus 7-19 without him.
The Pacers are looking to take a step forward in ’23/24, which will be the final year of Haliburton’s rookie deal. They agreed to two-year, $45MM contract with Bruce Brown, who helped the Nuggets win their first championship in June, and have their eyes set on the playoffs.
Scotto’s Latest: Beasley, Bucks, Plumlee, Spurs, McDaniels, McLemore
Before he agreed to join the Bucks on a minimum-salary deal, free agent swingman Malik Beasley received interest from several teams, including the Mavericks, writes Michael Scotto of HoopsHype. According to Scotto, Dallas considered the possibility of acquiring Beasley from the Lakers via sign-and-trade, but it didn’t work out.
New Bucks head coach Adrian Griffin was a factor in getting Beasley to Milwaukee, having spoken to the veteran wing during the team’s recruiting pitch, sources tell Scotto.
The Bucks currently have 12 players pencil in for standard contracts in 2023/24. Scotto hears that Thanasis Antetokounmpo and No. 36 pick Andre Jackson are candidates to end up on the 15-man roster. The team also needs to decide what type of contract No. 58 pick Chris Livingston will sign, Scotto notes. Currently, Lindell Wigginton and Omari Moore are on two-way contracts with Milwaukee, leaving one open two-way slot.
Here’s more from Scotto:
- Veteran center Mason Plumlee drew interest in free agency from a number of playoff teams, including the Warriors and Hawks, before deciding to remain with the Clippers, league sources tell Scotto.
- The Spurs, having already agreed to get involved in deals that will land them Cedi Osman, Lamar Stevens, and Reggie Bullock, remain open to taking on unwanted contracts in order to add more draft assets, reports Scotto.
- Before signing forward Jalen McDaniels as a free agent, the Raptors tried to trade for him multiple times, including at the 2023 deadline, according to Scotto, who says Toronto has been closely monitoring McDaniels since he was at San Diego State.
- Veteran guard Ben McLemore, who was out of the NBA last season, will work out for multiple NBA teams during the Las Vegas Summer League, per Scotto. McLemore played in China last season after averaging 10.2 PPG in 64 games for Portland in 2021/22.
- In case you missed it, we also rounded up several Knicks-related rumors from Scotto.
Nets Officially Trade Patty Mills To Rockets
JULY 7: The pick the Nets received in the trade is their own 2024 second-rounder with top-55 protection, reports Kelly Iko of The Athletic (Twitter link).
Houston acquired Brooklyn’s 2024 second-rounder in a prior trade and will retain it if it lands between 31-55 next June.
JULY 6: The Nets and Rockets have officially completed their trade sending guard Patty Mills to Houston, according to a pair of press releases from the clubs.
Along with Mills, Houston acquired the Bucks’ 2028 second-round pick. The Rockets sent a protected future second-rounder to Brooklyn. While the exact details on that pick aren’t known, it’ll have top-55 protection, tweets Kelly Iko of The Athletic.
Mills will only be a Rocket temporarily. He’s being flipped to the Thunder as part of Houston’s Dillon Brooks sign-and-trade acquisition, as Adrian Wojnarowski first reported over the weekend.
Jonathan Feigen of The Houston Chronicle (Twitter link) suggests Oklahoma City will be receiving three second-round picks as part of its deal for Mills, though we’re still waiting for clarity on the full terms of that trade agreement. According to Kelly Iko of The Athletic (Twitter link), the Rockets will actually send two second-round picks to Oklahoma City and will amend the terms of a previously traded second-rounder.
A veteran combo guard who will turn 35 next month, Mills was no longer a major part of the Nets’ rotation last season — his 14.3 minutes per game represented his lowest average since the 2012/13 season. He averaged 6.2 points and 1.4 assists in 40 appearances, with a shooting line of .411/.366/.833.
“Patty was an exemplary representative of the Nets during his two years in Brooklyn, both for his contributions on the court and his impact in the community,” Nets general manager Sean Marks said in a statement. “We thank Patty for all he has brought to our organization and wish him and Alyssa nothing but the best in their next chapter.”
Mills is earning $6.8MM on an expiring contract in 2023/24. By acquiring him using cap space and using him as a salary-matching piece in a subsequent deal, the Rockets will be able to preserve a bigger chunk of cap room before eventually abiding by salary-matching rules to go over the cap in their sign-and-trade for Brooks. That deal is expected to involve four or five teams, including the Grizzlies and Hawks — as noted above, the full details aren’t yet known.
It’s not clear if the Thunder plan to hang onto Mills once they acquire him. If they cut him, he’d be eligible to sign with any team besides Houston (including Brooklyn).
Aaron Holiday Signs One-Year Contract With Rockets
JULY 10: The signing is official, according to a team press release.
JULY 6: Aaron Holiday is signing a one-year contract with the Rockets, sources tell ESPN’s Adrian Wojnarowski (Twitter link).
Michael Scotto of HoopsHype reported earlier today that the Hornets and Rockets were among the teams interested in the free agent guard.
Holiday spent his first three NBA seasons with the Pacers, the team that selected him 23rd overall in the 2018 draft. He was sent to the Wizards two years ago as part of the massive five-team deal that saw Russell Westbrook head to the Lakers, and was later sent to the Suns at the 2022 trade deadline for cash.
Phoenix chose not to give Holiday a qualifying offer last summer in order to make him a restricted free agent, and he wound up signing a one-year deal for the veteran’s minimum with the Hawks. Kelly Iko of The Athletic reports (via Twitter) that the combo guard will once again be on a minimum-salary contract.
The Rockets were on the lookout for guard depth after trading TyTy Washington and Josh Christopher (to different teams) and releasing Daishen Nix, Iko adds (Twitter link).
Holiday, 26, appeared in 63 games for the Hawks in 2022/23, but his role was quite limited, averaging career lows in points (3.9) and assists (1.4) in 13.4 minutes per contest. The 6’0″ guard is a 37.7% career three-point shooter and converted 36 of his 88 attempts last season (40.9%).
Knicks Rumors: George, Barrett, Hart, Embiid, Roby, Quickley
On June 22, the night of last month’s draft, the Knicks contemplated sending the Clippers a trade package that featured Obi Toppin, Quentin Grimes, Evan Fournier and three first-round picks in exchange for star forward Paul George, league sources tell Michael Scotto of HoopsHype.
When New York later agreed to trade Toppin to the Pacers for a couple second-rounders, the Clippers briefly brought up RJ Barrett to take his place in the aforementioned trade framework, says Scotto. The Knicks balked at that proposal, believing the asking was price too steep for George, who will make $45.64MM in 2023/24 and is eligible for an extension this offseason, per Scotto.
The Knicks control multiple protected first-round picks from other teams, so it’s unclear whether the first-rounders Scotto mentioned were protected in some fashion or were their own unprotected picks. Either way, apparently the talks didn’t advance.
Still, the Knicks remain on the lookout for a third star to complement Jalen Brunson and Julius Randle, according to Scotto.
Here’s more on the Knicks:
- According to Ian Begley of SNY.tv, Josh Hart will sign a long-term extension with the Knicks in August once he becomes eligible. His maximum extension number would be $81MM over four years, and Begley hears the veteran wing will receive “slightly less” than that figure. It seems highly likely that Hart exercised his player option in order to give the team more financial flexibility in free agency, with a handshake agreement on an extension.
- Begley hears from sources who say the Knicks haven’t budged on their asking prices for star players on the trade market, including Damian Lillard and James Harden, and both players are unlikely to wind up in New York. Like Zach Lowe of ESPN, Begley continues to hear the Knicks might be eyeing Joel Embiid in the future.
- Prior to using their mid-level exception to sign Donte DiVincenzo, the Knicks were interested in several unrestricted free agents, including Bruce Brown, Max Strus and Yuta Watanabe, Scotto states. Brown signed with the Pacers; Strus landed in Cleveland via sign-and-trade; and Watanabe signed with Phoenix.
- Losing Toppin means New York has rotation minutes available at backup power forward. Scotto hears Isaiah Roby will be given an opportunity to win the job, with Hart an option in small-ball lineups. Roby signed with the Knicks on the last day of the ’22/23 regular season, receiving a significant upfront payment ($400K) that suggested he could be in the team’s future plans.
- Sixth Man of the Year runner-up Immanuel Quickley‘s floor in a rookie scale extension is expected to be $20MM annually, and Scotto’s sources say the Knicks would consider a deal in that range. However, if the two sides don’t reach an agreement and Quickley continues to improve next season, Scotto says New York might contemplate using him as part of a trade package for a star.
Heat Trade Victor Oladipo To Thunder
JULY 6: The Heat have officially traded Oladipo to the Thunder along with Miami’s own second-round picks in 2029 and 2030, the team announced (via Twitter). According to the Thunder’s own press release, Miami acquired cash in the deal.
JUNE 30: The Heat are offloading reserve shooting guard Victor Oladipo to the Thunder, sources inform Shams Charania of The Athletic (Twitter link).
The Thunder will receive a pair of second-round picks from the Heat as part of the trade agreement, tweets Ira Winderman of The South Florida Sun Sentinel.
The Heat, meanwhile, will net a $9.45MM trade exception by flipping his salary. Miami also still has a $4.7MM trade exception from its February deal of big man Dewayne Dedmon.
Earlier this week, the injury-plagued former All-Star picked up his player option for the 2023/24 season. Oladipo tore his left knee patellar tendon during Miami’s first round matchup against the Bucks.
As Bobby Marks of ESPN details (via Twitter), the Thunder will absorb Oladipo’s salary into its available cap space. After the deal, Oklahoma City should still have an estimated $7.2MM in available money at its disposal, as well as the $7.8MM room exception. The club currently has 16 players under contract, and will need to make more moves to reduce its head count to 15 for its standard roster this fall.
With 11 players currently signed, meanwhile, the Heat now have $172MM in committed salary. While Miami is in the luxury tax, this move shifts the team $6.5MM beneath the highly punitive second tax apron. As Yossi Gozlan of HoopsHype (Twitter link) notes, the team is in better position to use its $5MM taxpayer mid-level exception, but still may have to shed a little salary to do so.
Should the 31-year-old Oladipo remain with the Thunder, it would represent his second tour of duty with the team. After being drafted by the Magic with the second overall pick out of Indiana in 2013, he spent three seasons with Orlando before being dealt to Oklahoma City in 2016. The Thunder flipped him to the Pacers as part of the Paul George trade the following summer. With the Pacers, Oladipo blossomed into a two-time All-Star thanks to a versatile scoring touch and stellar perimeter defense.
His major lower body injury issues first began to plague him in Indiana, and he has since been trying to find his footing as a defense-first role player with the Rockets and Heat. During his 42 healthy regular season contests with Miami in 2022/23, the 6’4″ vet averaged 10.7 PPG, 3.5 APG, 3.0 RPG and 1.4 SPG in 26.3 MPG, mostly off the Heat bench.
Mavericks Trade Davis Bertans, Cason Wallace To Thunder
JULY 6: The Mavericks have officially acquired Lively’s rights in exchange for Bertans and the rights to Wallace, the team announced today (via Twitter).
JUNE 22: The Mavericks and Thunder have agreed to a trade, according to Shams Charania of The Athletic, who reports (via Twitter) that Davis Bertans and the No. 10 pick are headed to Oklahoma City in exchange for the No. 12 pick.
The Thunder selected Kentucky guard Cason Wallace at No. 10, Charania adds, while Dallas will get off Bertans’ pricey multiyear contract. The No. 12 pick that Dallas acquired was used on Duke big man Dereck Lively II, Shams Charania of The Stadium tweets.
The Mavericks will generate a $17MM trade exception with this trade, according to Yossi Gozlan of HoopsHype (Twitter link). They’ll now be approximately $74MM under to projected luxury tax line, which will help them make other moves, such as re-signing Kyrie Irving.
[UPDATE: Mavs to use trade exception to acquire Richaun Holmes]
The Mavs were looking to move down in the lottery, get off a bad contract and acquire a veteran starter, according to Tim MacMahon of ESPN (Twitter link). They accomplished the first two goals with this deal. They also add a promising young rim protector in Lively, who will fill a hole in the Dallas frontcourt with the team considered unlikely to re-sign big man Christian Wood.
Bertans had a career year in 2019/20 with the Wizards and cashed in with a five-year, $80MM deal. Dallas acquired Bertans as part of the Kristaps Porzingis trade with Washington.
The Thunder now pick up the two remaining years left on his deal — $17MM next season and $16MM in 2024/25 with an early termination option. The final year is only partially guaranteed for $5MM.
Oklahoma City’s desire to move up was motivated by the concern that another team might jump the Thunder by making a trade with Orlando, which held the No. 11 pick, Jeremy Woo of ESPN tweets. The Raptors, who held the No. 13 selection, were a potential trade-up suitor for Wallace.