Wolves’ Garza, Ryan Among Players Receiving Two-Way QOs
Timberwolves forward Luka Garza and wing Matt Ryan are among several players on two-way contracts who received qualifying offers on Wednesday, according to the official transaction log at RealGM.com.
Besides Garza and Ryan, the following two-way players were issued qualifying offers, making them restricted free agents:
- Isaiah Mobley (Cavaliers)
- Jared Rhoden (Pistons)
- Nico Mannion (Warriors)
- Lester Quinones (Warriors)
- A.J. Green (Bucks)
The default qualifying offer for a player on a two-way contract is another one-year, two-way deal, with a small partial guarantee.
A player who has four years of experience or who has spent the last two seasons on a two-way contract with the same time becomes eligible for a QO equivalent to a standard, minimum-salary deal. However, none of these seven players fit that bill.
These two-way restricted free agents will have the option of accepting their qualifying offers or trying to negotiate new contracts. They’re all technically eligible to sign offer sheets with new teams, which their current clubs would have the ability to match. However, that outcome has been a rarity for players coming off two-way deals.
While Garza, Ryan, Mobley, Rhoden, Quinones, and Green all finished the 2022/23 season under contract with their respective teams, Mannion has been out of the NBA since 2021 and recently signed with Baskonia in Spain. Having issued him a qualifying offer in each of the last three seasons, Golden State continues to retain Mannion’s RFA rights in the event that he eventually returns stateside.
According to Anthony Slater of The Athletic, the Warriors aren’t expected to tender qualifying offers to Anthony Lamb and Ty Jerome (two-way). The team still has some level of interest in re-signing one or both players, but that interest may hinge on how the free agent market plays out, Slater explains.
Timberwolves Waive Taurean Prince
5:01pm: The Timberwolves have officially waived Prince, per NBA.com’s transaction log.
4:08pm: The Timberwolves have decided not to guarantee Taurean Prince‘s $7,455,000 salary for the 2023/24 season, reports Adrian Wojnarowski of ESPN (Twitter link).
Because Prince has a non-guaranteed contract rather than an option, he’ll have to be waived, meaning Minnesota won’t retain any form of Bird rights on him. While Prince could technically be claimed by a team with cap room or a trade exception big enough to cover his salary, he’ll likely pass through waivers and become an unrestricted free agent.
The Wolves’ decision is a little surprising, given that Prince has been a reliable rotation piece in Minnesota for the last two years. In 123 games since the start of the 2021/22 season, he has averaged 8.1 points, 2.5 rebounds, and 1.2 assists in 19.3 minutes per night, with a solid shooting line of .460/.378/.799.
Still, if the Wolves hope to re-sign restricted free agent Nickeil Alexander-Walker and use a significant portion of their mid-level exception, it would have been virtually impossible to retain Prince and avoid becoming a taxpayer. Waiving him will give the team more wiggle room to negotiate with Alexander-Walker and use the MLE without surpassing the luxury tax threshold.
According to ESPN’s Bobby Marks (Twitter link), Minnesota now projects to be about $15.6MM below the tax line with four roster spots to fill, so the club still isn’t in position to use its full $12.4MM mid-level without further cost-cutting.
Prince, 29, figures to appeal to teams looking for depth on the wing this summer. A decision on his 2023/24 salary was due today, as our list of early guarantee dates shows.
Southwest Notes: Irving, Wembanyama, Rockets, Morant, Hawkins
There will likely be an “extremely limited” market for Kyrie Irving outside of Dallas, Adrian Wojnarowski said during an appearance on ESPN’s SportsCenter on Tuesday (YouTube link). According to Wojnarowski, that’s why the “full expectation” is that Irving will re-sign with the Mavericks.
“The question will be what kind of a deal does he goes back on,” Wojnarowski said. “How many years on a contract? I don’t think the money will be as much of an issue as how many fully guaranteed years are there for Kyrie Irving. I think that’s where the negotiation is going to be between he and the Mavericks.”
While there are no obvious non-Mavericks suitors for Irving at this point, it sounds like Kyrie intends to explore all his options. Appearing on NBA Today on Wednesday (Twitter video link), ESPN’s Ramona Shelburne said Irving plans to take meetings when free agency opens on Friday. According to Shelburne, the mercurial guard hopes to end up somewhere that “feels like home” and where he can spend the rest of his playing career.
Here’s more from around the Southwest:
- No. 1 overall pick Victor Wembanyama won’t take part in the California Classic Summer League in early July, but will be joining the Spurs when they travel to the Las Vegas Summer League, the team announced today. Jason Anderson of The Sacramento Bee has the story.
- Under new Rockets head coach Ime Udoka, players will have to earn their minutes, according to Jonathan Feigen of The Houston Chronicle, who writes that winning will be prioritized over player development in “phase two” of the team’s rebuild. “A lot of the (playing) time and positions, those things have been given, so to speak, with the young guys,” Udoka said on Monday. “There’ll be changes now in phase two. We are adding some more young pieces but also adding some veterans. So I think this will kind of raise the level of competition. Nothing is handed out anymore.”
- Lucas Finton of The Memphis Commercial Appeal has the details on Ja Morant‘s latest dealings with the legal system. According to Finton, the Grizzlies guard has filed a motion to dismiss an ongoing civil suit related to the punch Morant threw at a then-17-year-old during a pickup basketball game last summer.
- The Pelicans believe they got the “best shooter in the draft” when they used the No. 14 overall pick on Jordan Hawkins, general manager Trajan Langdon told reporters, including Christian Clark of NOLA.com, on Tuesday.
Heat Decide Against Using Stretch Provision On Kyle Lowry
JUNE 28: The Heat have decided against using the stretch provision on Lowry, according to Jackson.
The team will look to use Lowry’s expiring contract in a trade this offseason for Lillard or another player, but if no deal emerges, Miami is comfortable beginning the season with the veteran guard on its roster and revisiting trade scenarios during the season, says Jackson.
JUNE 27: The Heat have been considering the possibility of waiving and stretching the final year of Kyle Lowry‘s contract if they’re unable to find a suitable trade involving the veteran point guard, two sources tell Barry Jackson of The Miami Herald.
Lowry will earn approximately $29.7MM in the last season of his three-year contract with the Heat. That expiring salary could be useful for matching purposes if Miami makes a trade for a player like Damian Lillard.
However, if the team doesn’t make any major deals and wants to re-sign Gabe Vincent and/or Max Strus, its salary projects to be far beyond the luxury tax line, meaning that waiving and stretching Lowry would generate substantial savings.
Using the stretch provision on Lowry would spread his cap hit across three seasons, with charges of approximately $9.9MM per year. As Jackson outlines, going that route would reduce Miami’s salary commitments for 2023/24 from about $178.5MM to $158.5MM, moving the team at least temporarily out of tax territory and well below both tax aprons.
In that scenario, the Heat would probably surpass the tax line ($165MM) again by re-signing Vincent, but would be on the hook for a much smaller bill and could stay below the restrictive second tax apron ($179.5MM).
Besides potentially being a useful salary-matching trade chip, Lowry also still has some value on the court, having averaged 11.2 PPG, 5.1 APG, and 4.1 RPG in 55 regular season games (31.2 MPG) last season. So Miami is unlikely to waive him early in the offseason simply to save some money, especially when stretching his salary would add nearly $10MM in new money to the club’s books in both 2024/25 and ’25/26.
Still, Jackson’s report suggests the stretch provision is an option the Heat aren’t ruling out, and it’s worth noting there’s no rush to make a decision immediately — Lowry’s contract could be stretched anytime before September 1.
Victor Oladipo, who will likely exercise his $9.45MM player option this week, is another potential waive-and-stretch candidate for the Heat, Jackson notes.
NBA, NBPA Sign, Publish New Collective Bargaining Agreement
Just 48 hours before the start of 2023 free agency, the NBA and National Basketball Players Assocation announced today that they’ve signed and published the league’s new Collective Bargaining Agreement, which will go into effect starting this weekend for the 2023/24 league year (Twitter link).
The new CBA will run through the 2029/30 season, though both sides will have an opt-out deadline of October 15, 2028. If either side opts out, the agreement will terminate on June 30, 2029.
The full CBA can be found right here. It’s a 676-page document, representing a major expansion on the 2017 Collective Bargaining Agreement, which covered 598 pages.
For those who are interested in the league’s CBA changes but not eager to wade through 676 pages of legalese, the NBA and NBPA have also published a nine-page summary of the highlights.
We’d been keeping tabs on several of the most notable CBA changes in our own tracker in recent months as they were reported, but will defer to the official documents from here on out.
Bulls Sign Nikola Vucevic To Three-Year Extension
3:12pm: The Bulls have issued a press release officially announcing Vucevic’s extension.
“During his time in Chicago, Nikola has proven that he is a special player both on and off the court,” executive VP of basketball operations Arturas Karnisovas said in a statement. “He has produced at an elite level since we acquired him and will remain an integral part of our foundation moving forward. Nikola’s willingness to do whatever is asked of him to help us win, while also being an established veteran leader for our group, makes him a valuable component of the culture of our organization. He is a consummate professional and tremendous teammate, which plays a big role in making us an attractive destination for other players. We are excited to have him continue to be part of our journey.”
2:42pm: The Bulls and Nikola Vucevic are nearing an agreement on a three-year, $60MM contract extension that would keep the veteran center off the free agent market, reports Shams Charania of The Athletic (Twitter link).
Vucevic, 32, was acquired by the Bulls at the 2021 trade deadline in a deal with Orlando. Since arriving in Chicago, he has averaged 18.2 points, 11.1 rebounds, and 3.3 assists per game with a .492/.342/.812 shooting line in 181 total regular season appearances (33.2 MPG).
Vucevic isn’t an elite defender, but he’s a talented scorer and rebounder who has been remarkably consistent during his first two full seasons with the Bulls — he averaged 17.6 PPG, 11.0 RPG, and 3.2 APG in both 2021/22 and ’22/23.
Like fellow big man Naz Reid, Vucevic had been extension-eligible this season, so he didn’t have to wait to reach the open market this weekend if his goal was to re-up with his current team.
The Bulls were considered a good bet to reach a new deal with Vucevic before or during free agency for multiple reasons. For one, their guaranteed contracts and the cap holds for restricted free agents Coby White and Ayo Dosunmu would almost certainly make them an over-the-cap team with or without Vucevic on the books, so they wouldn’t have had a clear path to replace him at the same salary slot if they’d let him walk.
There has also been a sense, as Jake Fischer of Yahoo Sports wrote today, that Chicago didn’t love the idea of letting Vucevic go after paying such a steep price to acquire him from the Magic two years ago. That trade netted Orlando a pair of lottery picks – Franz Wagner and Jett Howard – in addition to young center Wendell Carter.
Assuming they officially finalize an extension with Vucevic by the June 30 deadline, the Bulls can shift their focus to free agency, where they’re expected to re-sign guards White and Dosunmu, according to Fischer. A new deal for unrestricted free agent Patrick Beverley is also a possibility, Fischer adds.
The Bulls project to be about $27MM below the luxury tax line after signing Vucevic, tweets ESPN’s Bobby Marks, though that estimate could vary depending on the exact structure of Vucevic’s extension, as well as Andre Drummond‘s player option decision. Once he officially signs, Vucevic will become ineligible to be traded for six months.
Meanwhile, an already-thin group of free agent centers will take another hit with both Vucevic and Reid off the market. Jakob Poeltl and Brook Lopez are the headliners at the position, with veterans like Mason Plumlee and Dwight Powell among the solid second-tier targets for teams in need of size. However, there aren’t a lot of reliable veterans available beyond those top few guys.
Blazers Issue Qualifying Offer To Matisse Thybulle
2:39pm: The Blazers aren’t expected to tender a qualifying offer to Reddish, sources tell Michael Scotto of HoopsHype (Twitter link).
2:12pm: The Trail Blazers have issued a qualifying offer to Matisse Thybulle, making him a restricted free agent, the team announced today in a press release.
Thybulle’s qualifying offer is a one-year, $6,275,862 contract offer that he has the option of accepting. If he wants to negotiate a more lucrative and/or multiyear deal, Portland will control the process as long as that QO remains on the table. Thybulle could sign an offer sheet with another team, but the Blazers would have the right of first refusal, giving them the ability to match it.
Thybulle opened last season by averaging a career-low 12.1 minutes and 2.7 points per game in 49 appearances for the Sixers. As talented a perimeter defender as he is, the 26-year-old didn’t appear to be a lock to receive a qualifying offer at that point due to his offensive shortcomings.
However, Thybulle finished the season strong after a February trade sent him to Portland. In 22 games (all starts) as a Blazer, he bumped his scoring average to a career-best 7.4 PPG and grabbed 3.4 RPG while making 38.8% of his three-pointers. A two-time All-Defensive player during his first four NBA seasons, Thybulle could be a valuable rotation player if he can continue to develop his offensive game.
Notably, today’s Portland press release doesn’t include any mention of Cam Reddish, another Blazers player who is eligible for restricted free agency. The team has until Thursday to issue a qualifying offer to Reddish, but clubs typically announce their QOs at the same time. If Reddish doesn’t get a $7.7MM QO from the Blazers, he’ll become an unrestricted free agent.
Heat Rumors: Vincent, Strus, Lowry, Wood, Herro
The Heat have two rotation guards facing unrestricted free agency this week, and Gabe Vincent is considered a better bet to remain in Miami than Max Strus, writes Jake Fischer of Yahoo Sports.
There’s mutual interest in a new deal between the Heat and Vincent, whom the team values at a figure of about $10MM per year, sources tell Yahoo Sports.
As Fischer outlines, teams like the Suns, Pistons, Sixers, and Mavericks initially appeared to be among Vincent’s potential suitors. However, the Suns were probably only in play if they’d been forced to waive-and-stretch Chris Paul, while the Pistons may no longer be in the market for a free agent guard after making a trade for Marcus Sasser on draft night. Philadelphia and Dallas, meanwhile, would have interest in a guard like Vincent if they’re unable to re-sign James Harden and Kyrie Irving, respectively, but for now those stars appear likely to stick with their current teams.
Strus should be more popular on the open market, with cap-room teams like the Pistons, Pacers, and Magic among the possible suitors cited by league personnel, Fischer writes. Some clubs with the full mid-level exception will also have interest in Strus, according to Fischer — he mentions the Cavaliers as one, though he notes that Cleveland is also eyeing free agents like Kelly Oubre and Georges Niang.
ESPN’s Zach Lowe said on his latest Lowe Post podcast that there’s a “ridiculous” amount of Strus buzz happening around the NBA right now. Lowe is confident that Strus will at least get a deal worth the full mid-level exception ($12.4MM) and says a team with cap room might top that figure, which is a point Fischer makes as well. People around the league aren’t expecting Strus to re-sign with the Heat, Fischer adds.
Here’s more on the Heat:
- If Miami re-signs Vincent and doesn’t find a trade that requires Kyle Lowry‘s $29.7MM expiring contract, league personnel are preparing for the possibility that the Heat will waive Lowry, says Fischer. A report on Tuesday indicated that the team was considering the possibility of using the stretch provision on the veteran point guard. There’s already speculation about his possible free agent destinations, Fischer says, noting that a return to the Raptors would be a possible path for Lowry in that scenario.
- Christian Wood has been continually identified by league personnel as a player who is on the Heat’s radar in free agency, Fischer reports. Wood isn’t expected to re-sign with Dallas.
- If the Heat get the opportunity to make a play for Damian Lillard, there’s an expectation that Tyler Herro will be part of the package they offer the Trail Blazers. However, sources tell Chris Mannix of SI.com that Portland is “lukewarm” on Herro. It’s a moot point for now, since the Blazers remain focused on keeping Lillard. But if Dame does request a trade, it could become an important factor in trade talks.
Raptors Rumors: VanVleet, Poeltl, Siakam, Trent, Anunoby, Poole
The Raptors believe that they can be “a factor” in the East next season by bringing back the same core, according to Michael Grange of Sportsnet.ca. Although Toronto missed the playoffs in 2022/23, the team is apparently confident that a coaching change and a full offseason for this group will help make a difference in ’23/24.
Returning the same core would mean re-signing point guard Fred VanVleet and center Jakob Poeltl, two of the top free agents on the 2023 market. According to Grange, the Raptors are expected to meet with VanVleet in Los Angeles on Friday when free agency opens and are working out plans to link up with Poeltl as well.
Like other reporters, Grange has heard that Houston may be preparing a two-year contract offer in excess of $80MM for VanVleet, which would probably be more than Toronto is willing to pay on an annual basis. However, the Raptors – who might be open to a three- or four-year deal – believe the veteran guard wants to remain in Toronto and is still confident about their ability to bring him back.
As for Poeltl, there has been a belief that the big man will be back in the fold if the Raptors make a four-year offer in the neighborhood of $80MM, Grange says. However, multiple league sources tell Sportsnet.ca that the Spurs – keen on pairing Victor Wembanyama with a veteran center – have inquired about the possibility of reuniting with Poeltl. The Spurs will have the cap room necessary to make life difficult for Toronto if they choose to pursue the 27-year-old, who was dealt from San Antonio to Toronto in February.
Here’s more on the Raptors:
- Multiple teams have inquired about Pascal Siakam‘s availability, Grange reports. Besides the Hawks, Grange identifies the Hornets, Mavericks, Rockets, Pelicans, and Kings as clubs that have made calls about the two-time All-NBA forward. The Raptors have been open to listening, but not many of the conversations they’ve had about Siakam even qualify as “preliminary” trade discussions, according to Grange.
- While Gary Trent Jr.‘s camp has conveyed interest in working out an extension after he picked up his 2023/24 player option, the Raptors are taking a wait-and-see approach and haven’t made plans to formally discuss a new deal with Trent in the near future, Grange writes.
- Before agreeing to trade Jordan Poole to Washington, the Warriors reached out to the Raptors to see if they’d be interested in a deal centered around Poole and forward OG Anunoby, reports Tim Kawakami of The Athletic. Toronto didn’t have interest in exploring the idea further.
Trade Rumors: LaVine, Garland, Rockets, Clippers, Blazers, Bucks
The Bulls have engaged with “several” teams about the possibility of a Zach LaVine trade this offseason, but haven’t gotten serious about moving the high-scoring guard, reports Jake Fischer of Yahoo Sports.
As Fischer explains, LaVine’s pricey long-term contract will make potential trade partners wary about giving up a substantial package of players and draft picks, but the Bulls would be seeking a return that far outweighs what Washington got for Bradley Beal last week.
Fischer names the Knicks and Mavericks as possible teams to watch for LaVine, but immediately throws cold water on the likelihood of either club emerging as a legitimate suitor in the near future. New York seems to be taking a more patient approach to building its roster, according to Fischer, who adds that Dallas was viewed as a more serious threat for LaVine before acquiring Kyrie Irving as a co-star for Luka Doncic.
Here are a few more trade-related notes and rumors from around the NBA:
- Despite some speculation to the contrary, the Cavaliers haven’t had any discussions about trading Darius Garland and have no intention to move the All-Star point guard, sources tell Chris Fedor of Cleveland.com (Twitter link). The Cavs appear focused on pursuing roster moves that don’t involve trading any of their four cornerstone players (Garland, Donovan Mitchell, Evan Mobley, and Jarrett Allen).
- In addition to Kenyon Martin Jr., the Rockets have gauged potential trade interest in young players like Usman Garuba and Josh Christopher, sources tell Fischer.
- Norman Powell and Marcus Morris have both been mentioned in recent days as trade candidates. According to Fischer, the Clippers have been canvassing the league to see what a package of both players might return.
- No clear suitors have emerged for guard Anfernee Simons, who looks like the Trail Blazers‘ most obvious trade chip, says Fischer. According to Fischer, the Blazers and Cavaliers had some brief talks about Nassir Little prior to the draft, but didn’t gain any real traction toward a deal.
- ESPN’s Zach Lowe said on the latest episode of his Lowe Post podcast that the Bucks had some “relatively serious” internal conversations about John Collins before he was dealt to Utah. “I do think Milwaukee is looking around for, like, ‘Can we get a little injection of randomness? (An) injection of, like, bounce and athleticism, and just change?'” Lowe said. “Maybe just change more than anything else. But I don’t think (the Collins interest) went anywhere serious.”