Spurs Sign RaiQuan Gray
The Spurs have filled their 21-man offseason roster by signing free agent forward/center RaiQuan Gray to a training camp contract, per RealGM’s transaction log.
The 59th overall pick in the 2021 draft out of Florida State, Gray spent his first professional season in the G League with the Long Island Nets. He signed a training camp contract with Brooklyn in the fall of 2022 but didn’t make the regular season roster and was cut before opening night, ultimately spending a second season in Long Island before being promoted to a two-way deal during the final week of the 2022/23 season in April.
After an underwhelming rookie season at the G League level, Gray emerged as a full-time starter in ’22/23, averaging 15.4 PPG, 7.6 RPG, and 2.6 APG with a .578/.382/.629 shooting line in 18 games (30.6 MPG). However, he was waived by Brooklyn this summer, making him an unrestricted free agent.
The Austin Spurs – San Antonio’s G League affiliate – acquired Gray’s returning rights from Long Island in an NBAGL trade last month. That move, along with Gray’s new training camp contract, signals that San Antonio will likely waive the big man ahead of the regular season and have him report to Austin.
Assuming Gray’s new deal includes Exhibit 10 language, he’ll be in line to earn a bonus worth up to $75K if he spends at least 60 days with the Spurs’ G League team.
Scotto’s Latest: Grant, Nurkic, Payne, Nowell
Following the trade of Damian Lillard, the Trail Blazers are expected to immediately begin listening to trade inquires on newly acquired guard Jrue Holiday. However, he may not be the only notable veteran on the roster who is on the trade block in advance of this February’s deadline.
Rival league executives who spoke to Michael Scotto of HoopsHype anticipate that Jerami Grant will also be available via trade in the not-too-distant future. Due to the terms of the new contract he signed with Portland in July, Grant won’t become trade-eligible until January 15, so if he’s going to be moved this season, it would have to happen between Jan. 15 and Feb. 8, this year’s trade deadline.
Grant’s five-year, $160MM contract would represent a significant cap commitment for any team interested in acquiring him, but his two-way contributions would make him an on-court fit for virtually any contender.
“Grant could be the missing piece for a contending team the way Denver got Bruce Brown and Aaron Gordon,” one NBA scout told Scotto. “Maybe a team like Miami could take a swing if they’re still a player away.”
Here are a few more highlights from Scotto’s latest rumor round-up:
- Moving Jusuf Nurkic, who has three years and $54MM+ left on his contract, was a goal for the Trail Blazers in any Lillard trade, but there’s a belief that a fresh start in Phoenix, where he’ll anchor Frank Vogel‘s defensive scheme for the Suns, could help rejuvenate him, writes Scotto. “Before Nurkic got injured, he was a good defensive center and was Portland’s second-best player ahead of CJ McCollum for a short time,” a scout told HoopsHype. “I think it might be asking too much of him to return to his pre-injury form, but he can help them if he’s properly motivated and healthy with dribble handoffs and as a positional defender.”
- League sources tell Scotto that the Bucks and Heat are among the teams to watch for free agent point guard Cameron Payne. Milwaukee, with no clear backup point guard, was previously identified as a clear fit for Payne after the Lillard trade opened up a roster spot. Miami also doesn’t have much depth at the point after losing Gabe Vincent this summer.
- Free agent wing Jaylen Nowell recently worked out for the Kings, sources tell Scotto. Nowell is one of the most noteworthy members of this year’s free agent class who remains unsigned, while Sacramento has just 14 players on guaranteed contracts, leaving one open spot on the team’s projected regular season roster.
Bucks Acquire Damian Lillard In Three-Team Trade
9:37pm: The trade is now official, the Bucks announced in a press release.
“Damian Lillard is an elite player in our league and someone we’ve long been fans of,” said general manager Jon Horst. “These opportunities are rare and hard to measure and execute. We are incredibly grateful for this opportunity for our community and team, and beyond excited to welcome Damian and his family to the Milwaukee Bucks. His character, competitiveness, talent and experience complement our group and gives us the best chance to win at the very highest level as we create new memories together.”
“These are the hardest, most human moments of this business. Jrue was unmatched in his commitment to the Bucks and the Greater Milwaukee community,” Horst said of Holiday. “He’s truly a champion on and off the court, and we are all thankful for what he and his family have given to our team and city. He and his wife Lauren were steadfast in their efforts to make a positive difference in the lives of so many people. Their leadership and dedication to the community has left an indelible mark and inspired the Bucks organization for years to come.”
1:22pm: The Bucks have reached an agreement to trade for star Trail Blazers guard Damian Lillard in a blockbuster three-team deal that also includes the Suns, reports Adrian Wojnarowski of ESPN (Twitter links).
According to Wojnarowski, Portland will acquire guard Jrue Holiday and an unprotected 2029 first-round pick from the Bucks, along with the right to swap first-round picks with Milwaukee in 2028 and 2030. The Blazers will also get center Deandre Ayton and rookie forward Toumani Camara from the Suns in the deal.
In exchange for Ayton and Camara, Phoenix will receive center Jusuf Nurkic, forward Nassir Little, and guard Keon Johnson from Portland, as well as wing Grayson Allen from Milwaukee, per Woj.
The massive deal is the culmination of a saga that lasted nearly three months after Lillard requested a trade out of Portland in early July. The seven-time All-Star had spent his entire 11-year NBA career with the Trail Blazers but felt that the team was no longer moving toward championship contention following consecutive lottery seasons and sought a change of scenery.
Miami was Lillard’s landing spot of choice, but reports throughout the process indicated that there was little communication between the Heat and Trail Blazers. In recent days, with the Blazers believed to be working to make a deal before the start of training camp, other Eastern Conference suitors like the Raptors and Bucks were increasingly connected to the 33-year-old.
Milwaukee ultimately emerged as the surprise winner of the Lillard sweepstakes, beating a handful of conference rivals to the punch and strengthening a core that also includes two-time MVP Giannis Antetokounmpo and standout starters Khris Middleton and Brook Lopez, both of whom signed new free agent contracts with the club this offseason.
While there have been questions about whether Lillard would be happy to report to any team besides the Heat, both he and Antetokounmpo have expressed a desire to play with one another in the past, as Chris Haynes of Bleacher Report and Alex Kennedy of BasketballNews.com point out (all Twitter links). And the Bucks should put Lillard in a better position to win a championship than he ever had with the Blazers.
Meanwhile, Antetokounmpo may not be any more inclined to sign a long-term extension with the Bucks following the acquisition of Lillard than he was earlier in the offseason, given that he would benefit financially from waiting another year. However, in dealing for another star like Lillard, the Bucks’ front office proved it heard Giannis’ call for the organization to be as committed to contending for titles as he is.
The Blazers, who patiently scoured the market for most of the offseason in the wake of Lillard’s trade request, will come away from the deal with a pair of intriguing new players in Ayton and Holiday, though the big man is more likely to remain in Portland than the veteran guard.
According to Wojnarowski (Twitter link), the Blazers – who are focused on developing a young backcourt that features Shaedon Sharpe, Anfernee Simons, and this year’s No. 3 overall pick Scoot Henderson – remain engaged in trade talks involving Holiday and could flip him to a contender for additional assets.
Holiday, who can become a free agent next summer if he turns down his 2024/25 player option, recently spoke about his desire to sign a contract extension with the Bucks, but now appears destined for a new long-term NBA home. Holiday will become extension-eligible in February, though as Bobby Marks of ESPN notes (via Twitter), he won’t be able to sign a contract that exceeds the extend-and-trade limits (two new years, 5% raises) until six months after being dealt.
On the other hand, it sounds like Ayton will be a keeper for the Blazers, who have had interest in the former No. 1 overall pick in the past and were linked to him again within the last week. The 25-year-old had an up-and-down five-year stint in Phoenix that included some tension with former Suns coach Monty Williams, but he has averaged a double-double for five straight seasons, including 18.0 points and 10.0 rebounds in 30.4 minutes per game across 67 contests last season.
As for the Suns, they recognized that a player such as Ayton, who liked to have the ball in his hands, might not be an ideal fit alongside their new big three of Kevin Durant, Devin Booker, and Bradley Beal, and turned the young center and his $32.5MM cap hit into a series of role players on smaller contracts, including another big man in Nurkic.
Acquiring Nurkic, Little, Allen, and Johnson will make the Suns deeper and will give them more flexibility in future trades, given that their nearly all of their non-stars had been on minimum-salary contracts. However, the move creates a bit of a roster crunch in Phoenix. The club will now have 15 players on guaranteed contracts, plus Jordan Goodwin and Ish Wainright on partially guaranteed or non-guaranteed deals. At least two of those 17 players will have to be traded or cut before the regular season tips off.
While the Suns will increase their roster count as a result of this trade, the Bucks and Trail Blazers are both sending out more players than they’re taking back. That’s especially notable for Milwaukee, which had been carrying 15 players on guaranteed salaries prior to agreeing to acquire Lillard. The Bucks now project to have an open spot on their 15-man regular season roster, which could be used to add a backup point guard.
From a cap perspective, the Bucks will take on the biggest long-term deal in the three-team trade — Lillard is under contract for four more seasons and will earn a projected $216MM during that time, while Holiday ($36.86MM) and Allen ($8.93MM) could both reach free agency next summer.
The Blazers will owe Ayton approximately $102MM over the next three years before he becomes eligible for free agency. Camara is under contract for four years, but it’s a minimum-salary deal and only the first season is guaranteed.
The Suns will take on Nurkic’s three-year contract worth $54.38MM and Little’s four-year contract worth $28MM in addition to Allen’s expiring deal. Johnson is owed a guaranteed $2.81MM salary in 2023/24 and has a $4.47MM team option that the Suns must pick up or decline by October 31, if he’s still on the roster at that point.
Timberwolves Sign Tyrese Martin
9:00pm: The signing is official, per RealGM’s transactions log.
1:10pm: The Timberwolves have reached an agreement on a one-year contract with free agent wing Tyrese Martin, reports Shams Charania of The Athletic (Twitter link). According to Charania, Martin will get the opportunity to compete in camp for a spot on Minnesota’s regular season roster.
The 51st overall pick in the 2022 draft, Martin was waived in July after appearing in just 16 games for the Hawks last season as a rookie. He scored 21 points and grabbed 12 rebounds in his 66 total minutes at the NBA level.
Martin saw more frequent playing time for the College Park Skyhawks in the G League, averaging 18.0 PPG, 9.2 RPG, and 1.9 APG on .503/.366/.805 shooting in 23 regular season contests (33.9 MPG) for Atlanta’s G League affiliate. However, the Hawks opted against locking in the second year of his minimum-salary contract, cutting him before his guarantee date.
The details of Martin’s deal with the Wolves are unclear, but I expect it’ll be a non-guaranteed minimum-salary contract, possibly with an Exhibit 10 clause.
Minnesota currently has 14 players on guaranteed standard contracts and three on two-way deals. However, at least one of those two-way spots is believed to be up for grabs, with Matt Ryan expected to compete to keep his roster spot. If Martin gets an Exhibit 10 contract, it could be converted into a two-way deal before the regular season begins.
If Ryan and the Wolves’ other two-way players hang onto their spots and the team decides to carry a 15th man into the regular season, Martin would be competing against camp invitees such as Vit Krejci, Trevor Keels, and Daishen Nix to fill that final roster opening.
Bulls Notes: DeRozan, Starting Point Guard, Terry
Asked by Mark Medina of Sportskeeda about the belief in some corners of the Bulls fanbase that the team should embrace a rebuild, veteran forward DeMar DeRozan pushed back against the idea that such a reset is necessary.
“I think a lot of people who say that or suggest that really don’t understand basketball at all, in my opinion,” DeRozan said. “You can think that’s an answer or that’s a route. But there’s no telling how long that route is going to even last. That route doesn’t necessarily always work in a timely fashion that you may think it will take. With that, it’s hard to find and create talented players like the players that we already have assembled.
“We made a lot of mistakes,” DeRozan continued. “It’s not only on the players, but the coaching staff as well to be able to correct the mistakes that we have because we weren’t far off at all with the mistakes that we’ve had. If we correct those, give us back the 10 to 15 games that we should’ve had last season. That changes the whole dynamic of everything.
“It’s always easy when something goes bad just to say, ‘Scratch it.’ But you really don’t know where you’ll end up from there. So when I hear people say that, it lets me know and understand that they don’t understand basketball at all.”
Here’s more on the Bulls:
- In that same interview with Medina, DeRozan expressed interest in representing Team USA in the 2024 Olympics and said he’d be interested in signing a contract extension to remain in Chicago. “That’s a place I want to be and end my career,” the six-time All-Star said. “I want to be able to accomplish everything I’ve set out to accomplish. That’s all I can worry about and control. I have the utmost confidence in myself. I’ll let my agent and the organization deal with that side of things, to be honest, man. From their standpoint, they want me to be there long-term and vice versa. We’ll see what happens from there.”
- Appearing on The Score (WSCR-AM 670) in Chicago on Wednesday, Bulls president of basketball operations Arturas Karnisovas said the the team’s starting point guard job is expected to be up for grabs in training camp, per K.C. Johnson of NBC Sports Chicago. “I think it’s going to be competition, fierce competition. It’s going to be a lot of good guards,” Karnisovas said. “That’s mentality we’re going into training camp (with.) I’m looking forward to it. It’s going to be hard for Billy (Donovan).” The Bulls added Jevon Carter this offseason to join Coby White, Ayo Dosunmu, and Alex Caruso in the mix at point guard.
- In a separate story for NBC Sports Chicago, Johnson explores how Milwaukee’s impending acquisition of Damian Lillard will impact the Bulls.
- After appearing in just 38 games and averaging only 5.6 minutes per night as a rookie, 2022 first-rounder Dalen Terry worked hard this summer in the hopes of getting the opportunity to earn a bigger role in his second NBA season, he tells Darnell Mayberry of The Athletic. “You know me, I’ve always got confidence,” Terry said. “That’s not something I ever lack. But I think confidence comes with work, and I know how hard I busted my ass this whole summer.”
Hawks Waive Chris Silva
Just days after signing him, the Hawks have waived big man Chris Silva, the team announced today in a press release.
Silva, 27, has appeared in 70 NBA games over four seasons with the Heat, Kings, Timberwolves and Mavericks, and holds career averages of 2.8 PPG and 2.7 RPG in 7.6 MPG.
A 6’8″ power forward/center, Silva went undrafted out of South Carolina in 2019. He has spent most of his professional career with Miami, appearing in 64 games with the club.
It appears Silva will end up rejoining the College Park Skyhawks, Atlanta’s G League affiliate, to open the 2023/24 season after spending much of ’22/23 with the club. Hoops Rumors has confirmed that Silva’s contract with the Hawks was an Exhibit 10 deal that will entitle him to a bonus worth $75K if he spends at least 60 days with College Park.
With training camp around the corner, Atlanta now has 18 players under contract, leaving three open spots on the team’s 21-man offseason roster.
More Notes On Bucks’ Trade For Damian Lillard
The Damian Lillard news that we’ve been waiting for all offseason finally broke on Wednesday afternoon, as the Bucks reached an agreement to acquire the star guard from Portland in a three-team deal that will send former No. 1 overall pick Deandre Ayton to the Trail Blazers.
Lillard and agent Aaron Goodwin made it clear shortly after Dame asked to be traded that the 33-year-old only wanted to be dealt to Miami. Instead, he’ll end up in Milwaukee, joining one of the Heat’s biggest Eastern Conference rivals. In his first public statement since news of the deal broke, Lillard said goodbye to Portland and seemingly put to rest any speculation that he would decline to report to his new team.
“The casuals won’t be addressed but the Trail Blazers fans and city of Portland that I love truly will be … and they will be addressed truthfully. Stay tuned,” Lillard wrote on Twitter. “Excited for my next chapter! @Bucks.”
Here’s more on the Lillard trade:
- The Trail Blazers didn’t re-engage with the Heat prior to accepting the Bucks’ offer on Wednesday, a league source tells Anthony Chiang of The Miami Herald (Twitter link). According to Chiang, the communication between Miami and Portland this offseason was pretty limited, and the Heat only learned about the trade when Adrian Wojnarowski broke the news.
- According to Chiang (Twitter link), Goodwin put out a statement today on the Heat‘s pursuit of his client: “They did everything they could to acquire Dame. It takes two to get a deal done. I appreciate all that Pat (Riley), Andy (Elisburg) and Micky (Arison) did to try and make this happen.”
- With Jrue Holiday expected to remain very available for trade after being sent to Portland, the Sixers will be among the teams with interest in acquiring him, reports Kyle Neubeck of PHLY Sports (Twitter link). If the 76ers were to land Holiday, I imagine it would be in a multi-team deal involving James Harden, though that’s just my speculation.
- Holiday also seems to fit the mold of the type of player the Heat would covet, Chiang notes (via Twitter), though he acknowledges that the veteran guard’s market could be “robust.”
- No longer having Deandre Ayton‘s long-term, maximum-salary contract on their books is considered a positive for the Suns, according to Duane Rankin of The Arizona Republic (Twitter link). Rankin adds that new Phoenix center Jusuf Nurkic is viewed as a good team player who buys into his role, is loved by teammates, and can help the Suns with his passing.
- Shortly after the news of Lillard’s trade to Milwaukee broke, Heat star Jimmy Butler took to Instagram to send a message to the league, as ClutchPoints relays (Twitter video link). “Yo NBA, man, y’all need to look into the Bucks for tampering,” Butler said. “Y’all do. I’m just going to put that out there. Y’all didn’t hear it from me, but I heard it through somebody, y’all look at them for tampering.”
- The Bucks‘ and Suns‘ championship betting odds both increased as a result of today’s trade news, per Alex Kennedy of BasketballNews.com (Twitter link). Kennedy says that one sportsbook has moved Milwaukee from +700 to +370 and Phoenix from +800 to +600.
- As Sean Highkin of Rose Garden Report observes (via Twitter), Lillard’s move to Milwaukee will reunite him with his former coach. The Bucks hired Terry Stotts this offseason as Adrian Griffin‘s lead assistant. Stotts was Portland’s head coach from 2012-21.
Victor Oladipo Won’t Be In Camp With Thunder
Veteran guard Victor Oladipo, who was traded to the Thunder this offseason, won’t be in training camp with the team, general manager Sam Presti told reporters on Wednesday, per Brandon Rahbar of Daily Thunder (Twitter link). According to Rahbar, Presti said that the Thunder will soon have to make a decision on Oladipo’s contract.
“VO is great. He’s been through a lot,” Presti said. “He’ll be back this season at some point. But with our roster situation, we can’t prioritize that. But we’re big fans of Victor.”
Oklahoma City acquired Oladipo from the Heat in July along with a pair of second-round picks. It was a cost-cutting move for Miami after the 31-year-old picked up his $9.45MM player option for the 2023/24 season.
Oladipo has had his career derailed in recent years by a series of leg injuries. The latest one occurred in the spring, as he tore the patellar tendon in his left knee early in the postseason.
While Presti indicated today that he expects Oladipo to return to action at some point this season, he presumably won’t be ready for opening night. And even when he has been healthy enough to play in recent years, the two-time All-Star has struggled to regain his old form.
In his prime, Oladipo was a talented scorer and a lockdown perimeter defender. However, he hasn’t been able to stay on the court for a full season since 2017/18. Last year, in 42 games for the Heat, he averaged 10.7 points, 3.5 assists, and 2.7 rebounds in 26.3 minutes per night, with a shooting line of .397/.330/.747.
The Thunder have a roster crunch this fall, with 15 players on guaranteed contracts and three more (Isaiah Joe, Aaron Wiggins, and Jack White) who have a legitimate shot to make the club’s 15-man regular season roster. Oklahoma City will have to trade or waive at least three players before opening night, and Oladipo looks like a good bet to be one of the odd men out. If OKC is unable to find a taker for his expiring contract, he could be waived before the regular season begins.
Warriors, Rudy Gay Agree To One-Year Deal
The Warriors and free agent forward Rudy Gay are in agreement on a one-year contract, agent Sam Permut tells Adrian Wojnarowski of ESPN (Twitter link). According to Wojnarowski, Gay will compete in training camp for a spot on Golden State’s regular season roster.
Gay, 37, spent the last two seasons in Utah and exercised a player option to guarantee his $6.48MM salary for 2023/24. However, he was traded twice this offseason – first to Atlanta in the John Collins deal and then to Oklahoma City as part of a package for Patty Mills – and was subsequently waived by the Thunder, making him an unrestricted free agent in July.
A 17-year veteran who regularly averaged in the neighborhood of 20 points per game during stints in Memphis, Toronto, and Sacramento earlier in his career, Gay has seen his playing time and his production decline in recent seasons.
His 5.2 points, 2.9 rebounds, and 14.6 minutes per game in 56 appearances with the Jazz in 2022/23 were all career lows, as were his 38.0% field goal percentage and a 25.4% mark on three-point tries.
Still, Gay put up decent scoring numbers off the bench for several years prior to last season, so the Warriors – who were identified in July as one of several clubs to register interest in the forward and were rumored to be in the market for a wing – will take a flier on him this fall to see what he still has left in the tank.
Golden State currently has 13 players on fully guaranteed contracts and a pair on two-way deals, so the club could technically carry three additional players into the regular season — two on standard contracts and one on a two-way pact. However, Gay is ineligible to be a two-way player and it’s unclear whether the Warriors intend to fill all 15 of their standard roster slots. Leaving the 15th spot open would give the Dubs more in-season flexibility and would help reduce their end-of-season luxury tax bill.
If the Warriors only carry 14 players on standard contracts to open the season and don’t trade or waive anyone with a guaranteed salary, Gay would have to beat out fellow veteran wing Rodney McGruder and any other camp invitees for that final spot.
The full terms of Gay’s one-year deal aren’t yet known, but it will be worth the veteran’s minimum, which is all Golden State can offer. We’ll have to wait to see whether it includes any guaranteed money.
Heat Notes: Lillard, Jovic, Martin, Love
Despite the recent deluge of rumors linking Damian Lillard to the Raptors, Toronto-based reporter Michael Grange of Sportsnet.ca (Twitter link) says the growing consensus around the NBA is that the Trail Blazers guard will ultimately land in Miami, his preferred destination.
If Lillard is sent to Miami, what would the Heat realistically have to give up? One veteran scout who spoke to Barry Jackson of The Miami Herald believes that a package of Tyler Herro, three first-round picks, cap filler (likely Kyle Lowry‘s expiring contract), and one player from the trio of Nikola Jovic, Jaime Jaquez, and Caleb Martin would make sense for both sides.
“If I’m the Heat, I offer two (first-round) picks, Herro and one of the three young players, preferably Jovic or Jaquez, and see if anybody tops that,” the scout said. “If you have to give up one more pick, fine. Three picks are rich for a guy who’s 33 with ($216MM) left on his contract. But I could understand offering a third. I would do it if that made the difference in making the deal.”
Previous reporting indicated that Miami initially made an offer that included Herro and two first-round picks.
Because they owe a protected 2025 first-round pick to Oklahoma City, the Heat can currently only include two first-rounders in any trade package, due to the Stepien rule. They would have to reach a separate agreement with the Thunder amending the terms of that traded pick in order to free up a third movable first-rounder. Alternatively, they could offer one or more first-round pick swaps.
Here’s more on the Heat:
- Speaking to Anthony Chiang of The Miami Herald, Nikola Jovic discussed his experience playing for Serbia in the FIBA World Cup, the status of a back injury that bothered him earlier in the year, and how it felt to have his name pop up in the Lillard trade rumors. A busy summer helped Jovic not spend much time thinking about that trade speculation, he told Chiang. “You just concentrate on other things. I was just so concentrated on basketball there that I didn’t have time to think about what’s going to happen,” Jovic said. “It’s a business. So what happens happens. But of course, right now when I’m (in Miami) and more people talk about it, it’s different than when I was there and just playing and being in the game all the time.”
- Chiang also interviewed Caleb Martin, who said that Miami feels like a “second home” to him after two years with the Heat and spoke about the offseason departures of Max Strus and Gabe Vincent. “We have to find that new connectivity and chemistry with the new guys,” Martin said. “But I feel like we got the right type of guys who fit that system and that shouldn’t be hard. It seems like everybody is about winning. You know what it is when you come to play for the Heat. So you just gotta jump in line with the culture. I feel like we got the right guys to do that.”
- In a pair of articles for The Sun Sentinel, Ira Winderman evaluates the Heat’s depth chart at small forward and power forward. As Winderman observes, one starting lineup decision on tap for Miami will be whether to try Martin as a starter at the four again or stick with a more traditional power forward like Kevin Love.