Hornets Sign Vernon Carey Jr. To Four-Year Contract
9:02pm: The signing is official, according to a team press release.
10:35am: Rookie center Vernon Carey Jr., the No. 32 pick in this year’s draft, is signing a four-year contract with the Hornets, according to ESPN’s Bobby Marks (Twitter link).
While the exact value of Carey’s deal isn’t yet known, Marks says it will likely have the most guaranteed money of any contract signed by a 2020 second-round pick this fall. Charlotte will use a small portion of its remaining cap room to complete the signing.
In his first and only college season at Duke, Carey averaged 17.8 PPG, 8.8 RPG, and 1.6 BPG in 31 games (24.9 MPG). He shot 57.7% from the field and even made 38.1% of his tries from beyond the arc, albeit on just 21 three-point attempts.
Carey is one of four players selected by the Hornets in this year’s draft. LaMelo Ball, the team’s lone first-rounder, will soon sign a rookie scale contract. I’d expect a standard contract for No. 42 pick Nick Richards and a two-way deal for No. 56 selection Grant Riller, but we’ll have to wait to see what Charlotte has in mind.
Rockets Sign Gerald Green To One-Year Deal
DECEMBER 1: The signing is official, according to a team press release.
NOVEMBER 30: The Rockets and Houston native Gerald Green have agreed to a one-year deal, reports ESPN’s Tim MacMahon of ESPN (Twitter link).
According to MacMahon, it’ll be a non-guaranteed contract worth the veteran’s minimum, with Houston giving Green a chance to earn a regular season roster spot. If he makes the team, he’ll earn $2.56MM while the Rockets will carry a cap hit of $1.62MM.
Green, who said last week that he hoped to re-sign with the Rockets, missed the entire 2019/20 season due to a broken foot. He began the ’19/20 campaign with Houston, but didn’t suit up for any games – having undergone foot surgery last October – before he was eventually traded and waived in February.
A July report indicated that Green has since recovered from that procedure and received medical clearance, but decided not to seek a new deal until 2020/21 for family reasons, including the expected birth of his child in August.
The Rockets currently only have nine players on fully guaranteed contracts, though DeMarcus Cousins, Bruno Caboclo, and Jae’Sean Tate are also strong candidates to make the team. That would leave three spots for Green, Chris Clemons, and Kenyon Martin Jr. However, if the hard-capped Rockets only carry 14 players to start the regular season, one of those players would presumably be the odd man out.
Heat Sign Max Strus
The Heat have signed free agent wing Max Strus, the team announced today in a press release. The club’s roster is now at 19 players.
While terms of the deal weren’t disclosed in Miami’s announcement, it figures to be a non-guaranteed training camp contract. Barry Jackson of The Miami Herald tweets that Strus will compete with Paul Eboua, Breein Tyree, and possibly one more player to claim the Heat’s second two-way contract slot. Gabe Vincent currently occupies one of those two slots.
Strus, 24, spent last season on a two-way contract with the Bulls. The former DePaul standout appeared in 13 games for the Windy City Bulls in the G League and two contests for Chicago in the NBA before a torn ACL prematurely ended his season. He suffered that injury more than 11 months ago, so presumably, if Miami is comfortable signing him, he’ll be ready to go for training camp.
Contract Details: Temple, Vonleh, Sixers, T. Johnson, More
Garrett Temple‘s new one-year contract with the Bulls is worth exactly the amount of the room exception ($4.767MM), according to Keith Smith of Yahoo Sports (Twitter link). However, Chicago is an over-the-cap team without the room exception available and used a portion of its mid-level exception to complete its deal with Temple.
Meanwhile, Noah Vonleh‘s one-year, minimum-salary contract with the Bulls is entirely non-guaranteed for the time being, per Smith (Twitter link). Vonleh won’t have to wait too long to find out whether or not that money will be guaranteed though — if he’s still on the roster through opening night, he’ll receive his full guarantee, Smith says.
Here are several more details on newly-signed contracts from around the Eastern Conference:
- Justin Anderson‘s two-year, minimum-salary contract with the Sixers has a $125K partial guarantee in year one, while Ryan Broekhoff‘s one-year, minimum-salary deal with the club is non-guaranteed, according to Smith (Twitter links).
- Tyler Johnson is already assured of his salary for 2020/21, as his one-year, minimum-salary contract with the Nets is fully guaranteed, per Smith (Twitter link).
- Kelan Martin‘s new two-year deal with the Pacers features a $723K partial guarantee in year one and is non-guaranteed in year two, tweets ESPN’s Bobby Marks. Indiana is now over the luxury tax line by $577K, though I expect the team will look to sneak back below that line later in the season, whether or not Martin remains on the roster.
- Oshae Brissett‘s new multiyear deal with the Raptors features a $300K guarantee for year one, tweets Blake Murphy of The Athletic. That guarantee signals that Brissett probably has a leg up in battle for Toronto’s 15th regular season roster spot.
Suns Sign Johnathan Motley To Camp Deal
The Suns have signed free agent big man Johnathan Motley to a one-year contract, per RealGM’s log of official NBA transactions. It’ll be a non-guaranteed camp contract, tweets Keith Smith of Yahoo Sports.
Motley, 25, has been on two-way contracts for the last three seasons, first with Dallas and then with the Clippers. Over the course of those three NBA seasons, he has averaged 4.9 PPG and 2.4 RPG in 46 appearances (8.1 MPG).
Motley has made a greater impact at the G League level, where he has been named to the All-NBAGL Second Team for three consecutive years. In 2019/20, he averaged 24.0 PPG, 7.9 RPG, and 2.8 APG on .518/.356/.753 shooting in 26 games (33.0 MPG) for the Agua Caliente Clippers of Ontario.
The Suns still project to have three open roster spots after the signing of Motley, so they could extend more camp invites if they so choose.
Raptors Sign Jalen Harris To Two-Way Deal, Re-Sign Oshae Brissett
The Raptors have officially filled out their training camp roster, having signed second-round pick Jalen Harris to a two-way contract and restricted free agent forward Oshae Brissett to a multiyear deal, per RealGM’s official log of NBA transactions.
Harris, who began his college career at Louisiana Tech, transferred to Nevada and had a huge year in 2019/20 as a junior, averaging 21.7 PPG, 6.5 RPG, and 3.9 APG with a .446/.362/.823 shooting line in 30 games (33.0 MPG). The 22-year-old guard declared for the draft and was selected by the Raptors with the 59th overall pick. He’ll occupy one of the team’s two-way slots, while Paul Watson holds the other.
As for Brissett, he appeared in 19 games for the Raptors on a two-way contract as a rookie last season, playing mostly garbage-time minutes. The former Syracuse standout averaged 1.9 PPG and 1.4 RPG in 7.1 minutes per contest. In 30 G League games for the Raptors 905, he bumped those numbers to 14.9 PPG and 6.6 RPG in 27.8 MPG.
Brissett received a two-way qualifying offer from Toronto, but the two sides ended up negotiating a new standard contract instead — it’ll probably be a two-year deal worth the minimum salary. He’ll likely get a small partial guarantee in year one and will compete in training camp for a regular season roster spot, tweets Blake Murphy of The Athletic.
Brissett’s competitors for the 15th roster spot will be Henry Ellenson, Yuta Watanabe, and Alize Johnson. Their deals, which were reported on Friday, are all official now too, per RealGM.
Wolves Sign Anthony Edwards, Jaden McDaniels, Tyler Cook
The Timberwolves have officially signed two of their 2020 first-round picks, finalizing rookie contracts with former Georgia guard Anthony Edwards and former Washington forward Jaden McDaniels, according to RealGM’s transactions log.
Edwards, 19, became the No. 1 pick in the draft after averaging 19.1 PPG, 5.2 RPG, and 2.8 APG in 32 games in his first and only college season. Assuming he signed for 120% of his rookie scale amount, as nearly every first-round pick does, he’ll earn $9.76MM in 2020/21 and $44MM+ over the life of his four-year contract.
McDaniels, the younger brother of Hornets forward Jalen McDaniels, averaged 13.0 PPG, 5.8 RPG, and 2.1 APG in 31 games as a freshman at Washington before he declared for the draft. As the 28th overall pick, he projects to make $1.96MM as a rookie and $10MM+ over four years.
The Timberwolves’ other first-round pick, Leandro Bolmaro, is expected to remain with FC Barcelona in Spain for at least one more season, so he won’t sign his first NBA contract quite yet.
However, Minnesota did finalize one more signing, per RealGM’s transactions log, inking former Cavaliers Nuggets forward Tyler Cook to a training camp contract.
Undrafted out of Iowa in 2019, Cook spent time last season on a two-way contract and a pair of 10-day deals with Cleveland before joining Denver for the NBA restart as a substitute player. He only appeared in 13 total NBA games, but played more for the Canton Charge and OKC Blue in the G League, averaging 12.9 PPG and 5.7 RPG in 29 games (21.3 MPG).
Hornets Add Gordon Hayward Via Sign-And-Trade With Celtics
3:43pm: The Celtics’ new trade exception will actually be worth $28.5MM, Marks clarifies (via Twitter).
2:42pm: The Hornets have completed their acquisition of Gordon Hayward, having officially added the veteran free agent forward via a sign-and-trade deal with the Celtics.
According to the Celtics (via Twitter), Boston are sending a pair of future second-round picks to Charlotte in the deal along with Hayward. Those will be 2023 and 2024 second-rounders, according to Shams Charania of The Athletic (Twitter link).
As part of the trade, the Celtics will creative a massive trade exception worth the amount of Hayward’s 2020/21 salary ($27.9MM, per ESPN’s Bobby Marks). Boston will also receive a future second-round pick from the Hornets, though that pick will be heavily protected and is unlikely to change hands, tweets Rick Bonnell of The Charlotte Observer. It’ll be a 2022 second-rounder, Charania adds.
Hayward’s agreement with the Hornets on a four-year, $120MM contract was first reported on November 21 after an eventful free agency that saw the 30-year-old draw significant interest from Indiana and New York as well.
By waiving and stretching Nicolas Batum‘s $27MM expiring salary, the Hornets created more than enough cap room to sign Hayward outright. However, the opportunity to create a massive trade exception that can be used at the trade deadline or during the 2021 offseason incentivized the Celtics to explore a sign-and-trade deal.
That $27.9MM trade exception – which is the largest in NBA history, per Marks – can be used to acquire one or more players earning up to that amount without having to send out any salary, giving Boston an intriguing weapon on the trade market over the next 12 months. Danny Ainge and the Celtics’ front office determined that exception was valuable enough to give up two second-round picks.
[RELATED: Hoops Rumors Glossary: Traded Player Exception]
From the Hornets’ perspective, the only downside of agreeing to a sign-and-trade instead of signing Hayward outright – besides helping out the Celtics – was hard-capping themselves for the 2020/21 league year. However, Charlotte remains well below the $109MM cap, so it’s safe to say the $139MM hard cap won’t be an issue. So essentially, the Hornets picked up a pair of extra second-rounders for a move they were making anyway.
For more info on Hayward’s deal, check out our original story on his agreement with the Hornets.
Photo courtesy of USA Today Sports Images.
Nicolas Batum Waived By Hornets, Plans To Sign With Clippers
As expected, the Hornets have waived veteran forward Nicolas Batum, reports Shams Charania of The Athletic (Twitter link). The team has officially confirmed the move in a press release.
Batum was excised from the Hornets’ rotation this past season, appearing in just 22 games (23.0 MPG) and playing poorly in his limited time, with 3.6 PPG, 4.5 RPG, and 3.0 APG on .346/.286/.900 shooting. However, he’s only entering his age-32 season and should look more appealing on a minimum-salary deal than he did on his five-year, $120MM contract.
The Clippers are willing to bet on a bounce-back season from Batum, with Charania reporting (via Twitter) that the forward intends to sign with L.A. once he clears waivers. The Clips only have 12 players on fully guaranteed salaries and could use some additional depth on the wing, so Batum should be a good fit on the roster.
According to Charania (via Twitter), the Clippers were one of multiple contending teams with interest in Batum once Charlotte made it clear he would be cut. Golden State, Toronto, Utah, and Milwaukee were previously cited as potential suitors.
A report back on November 21 first indicated that Charlotte planned to waive Batum and stretch his $27MM+ salary across three seasons, opening up the cap room necessary for the team to sign Gordon Hayward to his new four-year, $120MM contract.
Once the Celtics and Hornets began discussing the possibility of turning Charlotte’s Hayward acquisition into a sign-and-trade, there was some uncertainty about whether releasing Batum would be necessary. The Hornets were believed to be exploring the possibility of sending him to Boston or – more likely – another team as part of a Hayward deal.
Although that won’t happen, that doesn’t mean that Hayward can’t still be acquired via sign-and-trade. We continue to await word on that front, but a sign-and-trade agreement would benefit the Celtics, who could generate a massive traded player exception in such a deal.
Now that Batum has been waived, it will make little difference from the Hornets’ perspective whether they sign Hayward outright or acquire him via sign-and-trade. If they can extract a sweetener (ie. a second-round pick or two) from Boston, it would make sense for Charlotte to accommodate the C’s and turn it into a sign-and-trade. We should find out soon whether or not that’s in the cards.
[UPDATE: Hornets Add Gordon Hayward Via Sign-And-Trade With Celtics]
Photo courtesy of USA Today Sports Images.
Jae Crowder Signs Three-Year Deal With Suns
NOVEMBER 28, 3:37pm: Crowder has officially signed, per team press release.
NOVEMBER 21, 1:03pm: The Suns have reached an agreement to sign Jae Crowder to a three-year contract, reports Shams Charania of The Athletic (via Twitter). The deal will be worth just shy of $30MM, tweets Tim Reynolds of The Associated Press. Phoenix will use its full mid-level exception to complete the signing.
Crowder, who finished the season in Miami, reportedly explored a new deal with the Heat, but was seeking a guaranteed multiyear commitment that the Heat weren’t comfortable with, per Barry Jackson of The Miami Herald (Twitter link).
League sources tell Michael Scotto of HoopsHype (Twitter link) that Crowder also drew interest from the Mavericks, Timberwolves, Clippers, and Hornets, but that Phoenix’s offer was ultimately too good to pass up.
Crowder, 30, provides value as a three-and-D player who has the size to guard bigger wings. He also played some of his best basketball at exactly the right time in his contract year.
After being traded from the Grizzlies to the Heat at last season’s deadline, the veteran forward made 44.5% of his threes for Miami in 20 games to finish the season, then started all 21 postseason contests as the Heat came within two wins of a title.
Having secured a commitment from Crowder and having traded for All-Star point guard Chris Paul earlier in the week, the Suns are looking like an intriguing playoff contender in the Western Conference this season. The team finished five games below .500 in 2019/20, but had an impressive 8-0 run in the Walt Disney World bubble, increasing expectations for ’20/21.
Paul and Crowder will join a promising group that includes star guard Devin Booker, former No. 1 pick Deandre Ayton, and young wings Mikal Bridges and Cameron Johnson, among others. The Suns also still hope to re-sign restricted free agent forward Dario Saric, per John Gambadoro of Arizona Sports 98.7 (Twitter link).
Photo courtesy of USA Today Sports Images.