New York Rumors: Knicks, Brunson, Burks, Nets, Claxton, Kyrie
The Knicks have “legitimate optimism” about their chances of signing free agent point guard Jalen Brunson, Ian Begley of SNY.tv reports, citing people in touch with the organization since the draft.
Jake Fischer of Bleacher Report conveyed a similar sentiment during his latest podcast, suggesting that the Knicks may have moved ahead of the Mavericks as the favorites to lock up Brunson long-term this offseason (hat tip to HoopsHype).
As Begley observes, the Knicks still have some work to do if they want to create the cap room necessary to make Brunson a strong offer — trading either Alec Burks or Nerlens Noel may be the most likely path to opening up that space.
Burks underwent foot surgery this spring after the Knicks’ season ended, and while that procedure has reportedly hurt his trade value, Begley says there are still multiple teams with some interest in the veteran guard, including the Celtics.
Here’s more on the NBA’s two New York teams:
- Fred Katz of The Athletic spoke to 16 officials in NBA front offices to get a sense of how much they’d be willing to offer RJ Barrett in extension talks this offseason if they were running the Knicks. According to Katz, the responses ranged from $15-30MM per year, with no one saying they would go up to the max. A four-year, $100MM offer was the most-cited suggestion, Katz adds.
- In the latest episode of his Hoop Collective podcast, ESPN’s Brian Windhorst said that restricted free agent center Nic Claxton appears likely to remain with the Nets (audio link via Jac Manuell of Nets Republic). “The word is amongst executives, I’ve talked to a couple of executives today who believe that Nic Claxton will be back with the Nets, that that’s been worked out,” Windhorst said. “I shouldn’t say it’s been worked out. There’s an understanding.”
- In the same podcast, Windhorst wondered whether or not the standoff between the Nets and Kyrie Irving has truly been put to bed after Irving announced he’ll pick up his player option for 2022/23. “I was told that the option pick-up came as a total surprise to the Nets, that they found out when everybody else did,” Windhorst said, per NetsDaily. “… The people that I talk to in the league are skeptical that Kyrie is going to be ‘all for one and one for all’ on this. … The people who are in the business to earn the business are telling me, ‘No, Kyrie actually has leverage here,’ because now he’s making the $36 million, he’s got his money and he can make life hell.”
- In an Insider-only story for ESPN.com, Kevin Pelton considers what’s next for the Nets now that Irving has decided to opt in.
David McCormack To Sign Exhibit 10 Deal With Timberwolves
Undrafted Kansas big man David McCormack has agreed to join the Timberwolves for summer league and training camp, agent Gary Durrant tells Chris Haynes of Yahoo Sports (Twitter link). Zac Boyer of KUSports.com confirms McCormack will be signing an Exhibit 10 contract.
McCormack, a member of the Jayhawks’ championship team this year, spent all four of his college seasons at Kansas, starting 96 of 132 total games. In 2021/22, he averaged 10.6 PPG and 7.0 RPG in 40 contests (21.9 MPG).
McCormack had some big games during the Jayhawks’ NCAA tournament run, putting up 25 points and nine rebounds in the team’s Final Four victory over Villanova, then registering a double-double (15 points and 10 rebounds) in the championship game vs. UNC.
Speaking to Boyer, McCormack said he chose the Timberwolves over offers from other NBA teams because he believes he’ll fit well in their system and he felt comfortable with the club when he worked out in Minnesota last month.
An Exhibit 10 contract is a non-guaranteed, minimum-salary contract that can be converted into a two-way deal before the regular season begins. If a player on an Exhibit 10 is waived and becomes an affiliate player for his team’s G League squad – in this case, the Iowa Wolves – he’s eligible to receive a bonus worth up to $50K.
Minnesota also reportedly reached an Exhibit 10 agreement with forward Phillip Wheeler.
Mavericks’ $10.9MM Trade Exception Expires
The trade exception the Mavericks created in last summer’s Josh Richardson trade with Boston has now expired, veteran NBA reporter Marc Stein confirms (via Twitter).
A trade exception allows an NBA team to take back a certain amount of salary without sending back any in return. In the Mavericks’ case, the exception was worth $10,865,952 and would’ve permitted the team to acquire a player earning nearly $11MM without using any outgoing contracts.
However, trade exceptions can only be used for one year after they’re created. This one actually expired after about 11 months, since its expiry date was adjusted to account for a 2021 NBA offseason that ran about a month late due to COVID-19’s impact on the league’s calendar. Dallas only had the ability to use its trade exception through June 27.
Most trade exceptions expire without being used, but teams can sometimes find a way to utilize at least a portion of the bigger ones. The Mavs were known to be exploring options, but it appears they couldn’t find a deal that they liked.
Dallas already projects to be a taxpaying club and is hoping to re-sign Jalen Brunson this summer, which would push team salary way beyond the luxury tax line. As such, it makes sense that the team would be wary of taking on even more salary if there were any concerns about the fit or trade cost.
Our full list of outstanding trade exceptions can be found right here.
The Celtics ($17.1MM), Nets ($11.3MM), Pacers ($10.5MM), Jazz ($9.8MM), Clippers ($9.7MM), and Nuggets ($8.2MM) are among the teams with the biggest exceptions available. The Trail Blazers’ $20.9MM is currently the largest in the NBA, but it will be used to accommodate their impending acquisition of Jerami Grant.
Windhorst: Nets, Kyrie Irving Engaged In “Grade-A Staredown”
With less than 48 hours remaining for Kyrie Irving to make a decision on his $36.9MM player option for 2022/23, he and the Nets are engaged in a “Grade-A staredown,” ESPN’s Brian Windhorst said during an appearance today on NBA Today (video links).
Since Irving and the Nets reached an impasse in their contract extension talks, there have been rumors suggesting that Kyrie is willing to walk away from the Nets and to potentially take a $30MM+ pay cut for the 2022/23 season by signing with the Lakers using their $6.4MM taxpayer mid-level exception.
However, the Nets haven’t backed down in their negotiations with the seven-time All-Star and are playing hardball themselves, even with Kevin Durant‘s future in Brooklyn potentially tied to Irving’s, according to Windhorst.
“The message that is being sent around the league – and before I say this, this could just be a negotiating position – but the message the Brooklyn Nets are sending is that they are willing to risk losing Kevin Durant if it means (not) going through what they went through last year with Kyrie Irving,” Windhorst said. “They just cannot have him back under the same terms that they had last year. I think they would be willing to welcome him back under different terms, both contractual and an understanding with the organization. But if it costs them both players to avoid a repeat of last year, they are sending the message that they are willing to do that.”
Irving’s decision not to get vaccinated against COVID-19, despite New York City’s vaccine mandate, was a major factor in him suiting up for just 29 of 82 possible regular season games in 2021/22. That mandate wasn’t lifted until late in the regular season and Irving’s inconsistent availability contributed not just to the Nets’ inconsistent play but to James Harden‘s decision to request a trade.
As Windhorst explains, the Nets’ stance in their negotiations with Irving – which has been driven not just by management by but owner Joe Tsai – has sent “ripple effects” across the NBA, as teams around the league consider where Kyrie could end up and what it might take to trade for Durant.
“I have talked to several star players’ agents in the last 24 hours whose teams have come to the star player and said, ‘How do you feel about playing with Kyrie Irving? How do you feel about playing with Kevin Durant?'” Windhorst said. “Teams are preparing for this contingency.”
The Nets are likely willing to take an aggressive stance in their talks with Irving at least in part because most of the teams he would be interested in joining either don’t appear eager to pursue him or would be hard-pressed to find a way to acquire him. The Lakers, Sixers, Heat, Mavericks, Clippers, and Knicks are reportedly on Irving’s wish list, but many of those clubs don’t reciprocate his interest, according to ESPN’s Adrian Wojnarowski.
Wojnarowski reported earlier today that only the Lakers have legitimate sign-and-trade interest in Irving, and their trade chips don’t appeal to Brooklyn, which is why accepting the $6.4MM taxpayer MLE might be Kyrie’s only viable path to Los Angeles.
If Irving picks up his player option for 2022/23, it would make him easier to trade, but the Nets would also be under no obligation to make a move at that point — the two sides would have all season to potentially negotiate an extension.
“It seems to me that the Nets want Kyrie to opt in because that relieves the pressure a little bit and it buys more time,” Windhorst said. “He can negotiate for a period of time. He doesn’t have to decide on the extension this week. They can try to figure things out — it removes the immediate pressure, and I think that’s probably the best. Because at the end of the day, the Nets don’t want to lose Kevin Durant. The Nets could have a very good team for next year. … They don’t want to blow this up, but they are willing to bring it to the precipice to blow it up to try to get what they want.”
Rockets Rumors: Draft, Gordon, Wall, Martin
The Rockets mulled the idea of trying to trade up from No. 3 in last Thursday’s draft, but given that the draft class featured three prospects (Jabari Smith, Paolo Banchero, and Chet Holmgren) considered top-tier options, they didn’t feel the need to give up the assets necessary to move up a spot or two, general manager Rafael Stone tells Kelly Iko of The Athletic.
“We thought about it a lot,” Stone said. “But it wasn’t clear who we’d be moving up to. You think about moving up in every spot of the draft. You always think about that, that’s part of the job. But one of the nice things — and we knew on lottery night — was that we were going to get somebody that we thought could be part of our organization for a long time and really help us take the next step in this process we’re trying to build.
“That doesn’t mean you foreclose conversations; you talk to everybody about everything, but we always felt comfortable picking where we were picking and were really excited.”
Here are several more Rockets-related notes and rumors from Iko:
- The Rockets received calls when they were on the clock at No. 17 from teams looking to acquire the pick and would have been more inclined to entertain those offers if Tari Eason hadn’t been on the board, according to Iko.
- Iko describes trade interest in Eric Gordon as having gotten more “fervent” within the last couple weeks and notes that teams were making offers during last week’s draft that included 2022 picks. The Sixers were one of the clubs that made a proposal, but the Rockets continue to value Gordon more highly than the packages they’ve been offered and aren’t desperate to move him, Iko writes.
- Like Marc Stein, Iko has heard that the Rockets and John Wall may finally be gaining momentum toward a divorce, with a buyout considered more likely than a trade. The two sides are expected to meet this week, and Wall is hoping to come to a resolution by the start of free agency on Thursday, sources tell The Athletic.
- The Trail Blazers and Nets are among the teams that have inquired on Kenyon Martin Jr., who reportedly wouldn’t be opposed to a trade.
Kellan Grady Signs Exhibit 10 Contract With Nuggets
JULY 9: Grady has officially signed his Exhibit 10 contract with Denver, according to RealGM’s transactions log.
JUNE 27: Undrafted Kentucky guard Kellan Grady is signing an Exhibit 10 contract with the Nuggets, according to Kyle Tucker of The Athletic (Twitter link).
Grady spent his first four college seasons at Davidson and was the team’s primary offensive weapon across those four years, averaging 17.4 PPG with a .366 3PT% in 115 games. He transferred to Kentucky for his “super-senior” year in 2021/22 and averaged 11.4 PPG with a .415 3PT% in his 34 games (32.9 MPG) as a Wildcat.
An Exhibit 10 contract is a non-guaranteed minimum salary contract that makes the player eligible for a bonus worth up to $50K if he’s waived before the regular season begins and then joins his team’s G League affiliate. It can also be converted into a two-way deal before the season.
The Nuggets have now reportedly reached Exhibit 10 agreements with two undrafted free agents: Grady and Adonis Arms. Those signings can become official after the NBA’s new league year begins on Friday.
Stein’s Latest: Looney, Simons, Nurkic, Clippers, Wall, More
Teams interested in pursuing center Kevon Looney this offseason are increasingly pessimistic that they’ll be able to lure him away from the Warriors, league sources tell Marc Stein (Substack link). According to Stein, there’s an expectation that Looney will likely re-sign with Golden State on a multiyear deal when he becomes a free agent this week.
Stein writes that there has been similar pessimism from the teams with interest in making a run at Trail Blazers guard Anfernee Simons or center Jusuf Nurkic. Simons is a restricted free agent while Nurkic is unrestricted, but the belief among rival teams is that both players will remain in Portland, per Stein.
Here are a few more updates from the veteran NBA reporter:
- Stein says league sources reiterated to him on Monday that the Clippers will be making a “strong pitch” to John Wall if the veteran point guard reaches a buyout agreement with Houston. There’s a sense that the presence of head coach Tyronn Lue will help increase L.A.’s chances of landing Wall, Stein adds.
- While they stayed put on draft night, Hawks big man John Collins and Pacers guard Malcolm Brogdon remain highly likely to be traded this offseason, sources tell Stein.
- Following a strong year overseas with AS Monaco, big man Donta Hall is receiving interest from NBA teams, according to Stein. Hall, a former Alabama standout, appeared in a total of 22 games for Detroit, Brooklyn, and Orlando in 2020 and 2021.
Free Agent Rumors: Brunson, Tucker, LaVine, Sexton, Campazzo
Marc Stein isn’t certain whether the Mavericks or the Knicks will end up signing Jalen Brunson this offseason, but he hints in his latest Substack article that it would be a surprise if the point guard ends up anywhere else.
After being identified earlier this year as possible suitors for Brunson, the Pistons and Pacers are no longer being mentioned as potential destinations, Stein writes. Both teams used lottery picks to draft guards last Thursday, with Detroit selecting Jaden Ivey and Indiana nabbing Bennedict Mathurin.
Elsewhere on the free agency front, Stein provides an update on P.J. Tucker after reporting last week that the Sixers are considered the biggest threat to sign the forward away from the Heat. According to Stein, numerous rival teams are saying “with even more conviction now than they did last week” that they believe Tucker will end up in Philadelphia on a three-year, $30MM deal.
After adding De’Anthony Melton, the Sixers project to be a taxpayer and would likely have to shed a little salary in order to give Tucker $30MM over three years. Using the full mid-level exception or acquiring him via sign-and-trade are the only ways Philadelphia could realistically offer a $10MM annual salary — either approach would hard-cap team salary at the tax apron.
Here are more free agency rumors from across the NBA:
- K.C. Johnson of NBC Sports Chicago writes that all signs still point toward the Bulls being prepared to offer Zach LaVine a five-year, maximum-salary contract when free agency opens this week, with LaVine likely to accept.
- The Wizards have some interest in Collin Sexton but are probably in the market for a more traditional point guard in free agency, Chris Fedor of Cleveland.com reports in a subscriber-exclusive story. Fedor believes the Cavaliers remain in the driver’s seat to re-sign Sexton, especially given that some of his potential suitors – including Detroit – drafted guards last Thursday.
- After indicating an openness to returning overseas, Nuggets free agent guard Facundo Campazzo clarified that his goal is to remain in the NBA. He tweeted out a statement in Spanish that translates to English as follows: “My priority one, two, and three is to continue in the NBA. For now, I don’t have in mind to return to Europe. It is obvious that at some point it will happen, but not now. I have it very clear: I want to try again, in whatever franchise it is, but to try again.“
- In an Insider-only story for ESPN.com, Bobby Marks takes an in-depth look at which teams project to have cap room, which will be taxpayers, and which fall somewhere in between.
Josh Okogie Won’t Receive QO, Will Become UFA
The Timberwolves don’t intend to issue a qualifying offer to former first-round pick Josh Okogie, according to Darren Wolfson of 5 Eyewitness News (Twitter link).
Having completed his four-year rookie scale contract, Okogie would become a restricted free agent this offseason if Minnesota extends a qualifying offer worth $5,857,966. In that scenario, the Wolves would have the ability to match rival offer the veteran wing receives, and he’d have the option of simply accepting the one-year offer worth nearly $6MM before reaching unrestricted free agency in 2023.
Given Okogie’s so-so NBA résumé and limited role, he seems unlikely to generate interest at more than the minimum salary this offseason, so the Wolves’ decision to pass on a QO and make him an unrestricted free agent isn’t surprising. It doesn’t mean Minnesota can’t bring him back — he’ll just be free to sign elsewhere without the Wolves having the ability to match.
Okogie, 23, was the 20th overall pick in the 2018 draft. He started 52 games as a rookie for the Wolves and averaged 24.3 MPG in his first two NBA seasons, but has seen his playing time cut back since then. In 2021/22, he averaged 2.7 PPG and 1.4 RPG in just 10.5 minutes per contest (49 games).
Okogie is viewed as a solid defender but has never shown much of an offensive game, putting up a career average of 6.4 PPG with a .403/.275/.758 shooting line.
The Timberwolves also appear unlikely to retain two-way free agent McKinley Wright IV, according to Wolfson, who says Wright will probably join a new team for next month’s summer league.
Kyrie Irving Granted Permission To Explore Trade Scenarios
12:17pm: According to Jake Fischer of Bleacher Report (Twitter link), sources with knowledge of the situation increasingly believe that Irving is willing to decline his player option and sign with the Lakers for the $6.4MM taxpayer mid-level exception.
In that scenario, Fischer writes, Irving could get a raise and a longer-term deal from the Lakers in 2023. The team still doesn’t project to have enough room to offer him a max contract at that point, but could theoretically get close.
Meanwhile, in his full story on the Irving situation, Wojnarowski writes that Durant “remained an advocate” for the Nets to give Kyrie a long-term deal.
11:42am: The Nets and Kyrie Irving haven’t made any real progress toward reaching an agreement that will keep him in Brooklyn going forward, writes Kristian Winfield of The New York Daily News.
In fact, according to Winfield, Irving’s camp has requested and received permission from the Nets to speak to other teams about potential trade scenarios. Alex Schiffer of The Athletic and Brian Lewis of The New York Post (Twitter links) have heard the same thing.
Although those reports suggest Irving’s camp is looking into possible “sign-and-trade packages,” many of the teams said to be on the point guard’s wish list wouldn’t have the ability to acquire him via sign-and-trade due to their proximity to the projected luxury tax line.
Sign-and-trade talks also technically aren’t allowed until free agency begins this Thursday evening, as ESPN’s Adrian Wojnarowski notes (via Twitter). While teams and agents often play fast and loose with those rules, they may be a little more hesitant to do so this year after two teams were penalized last year for “gun-jumping” violations related to sign-and-trade agreements.
[RELATED: Hoops Rumors Glossary: Sign-And-Trades]
Opt-in-and-trade scenarios – in which Irving picks up his $36.9MM player option for 2022/23 – would be more viable for many potential trade partners. Kyrie has until Wednesday to make a final decision on his option, and there’s a sense in both league and player circles that he may have played his last game in Brooklyn, says Winfield.
According to Wojnarowski, however, no teams besides the Lakers are seriously considering the idea of pursuing Irving, and Brooklyn isn’t believed to have interest in any trade package L.A. could realistically offer.
Wojnarowski’s report is similar to what he said during a TV appearance on Friday (hat tip to NetsDaily). At that time, Woj described the talks between the Nets and Irving as “acrimonious,” but suggested that no teams besides the Lakers were thought to have serious interest in the point guard. The other clubs reported to be on Irving’s wish list are the Mavericks, Heat, Clippers, Knicks, and Sixers.
“The interest isn’t mutual in several of these places,” Wojnarowski said on ESPN.
Here are more updates on the Irving situation:
- According to Sam Amick of The Athletic, there are sources close to the situation who “strongly believe” Irving is trying to make his way to the Lakers. Amick, who gets the sense that LeBron James is “very open” to the idea, notes that most people around the NBA believe the Nets would have zero interest in taking on Russell Westbrook in any trade with the Lakers.
- Amick has heard that the Knicks have no interest in Irving and expect him to end up remaining in Brooklyn. Amick describes the Clippers as in “wait-and-see” mode when it comes to Kyrie.
- Even with the threat of Irving’s departure seemingly increasing and Kevin Durant‘s future uncertain, the Nets appear unlikely to relent and offer Kyrie a long-term maximum-salary contract, ESPN’s Zach Lowe said during a Monday appearance on Get Up (video link). “Everything I’ve heard, the max deal is not coming. The Nets are not going to be held hostage by the threat of Kyrie Irving (leaving) and then Kevin Durant following him out the door,” Lowe said. “They appear ready to actually take some kind of stand here. That doesn’t mean that there’s not going to be a fair compromise offer somewhere, wherever that lands.”
- While Lowe did suggest that a compromise between Irving and the Nets is possible, he believes Kyrie’s flight risk is real: “I do think this is a precarious situation for the Nets. I don’t think this is the kind of thing where it’s actually kind of calm and the media is blowing this out of proportion. I do think there are scenarios where in a week he’s gone and the Durant situation is wobbly.”