Raptors Sign David Johnson To Two-Way Contract
The Raptors issued a press release on Sunday night announcing that they’ve signed former Louisville guard David Johnson to a two-way contract.
Johnson, the 47th overall pick in July’s draft, played college ball for the Cardinals for two years before declaring for the draft following his sophomore season. In 19 games (35.1 MPG) in 2020/21, he put up 12.6 PPG, 5.8 RPG, and 3.2 APG with a .411/.386/.700 shooting line.
The Raptors previously signed undrafted free agent Justin Champagnie to a two-way contract, so both of the team’s two-way slots have now been filled.
[RELATED: 2021/22 NBA Two-Way Contract Tracker]
No. 46 pick Dalano Banton is the only one of Toronto’s three 2021 draft picks who remains unsigned, as Scottie Barnes finalized his rookie deal earlier today. The Raptors still project to have some openings on their 15-man regular season roster, so Banton seems likely to sign a standard multiyear contract at some point.
Rockets Guarantee Jae’Sean Tate’s 2021/22 Salary
The Rockets have guaranteed Jae’Sean Tate‘s salary for the 2021/22 season, according to Jonathan Feigen of The Houston Chronicle. Tate will earn approximately $1.52MM next season.
Tate, 25, had an impressive rookie season for Houston in 2020/21, averaging 11.3 PPG, 5.3 RPG, and 2.5 APG on 50.6% shooting and playing tough defense across 70 games (29.2 MPG). The performance earned him a spot on the NBA’s All-Rookie First Team.
Tate’s second-year salary wasn’t scheduled to become guaranteed until January, per Basketball Insiders. However, as Feigen explains, Rockets owner Tilman Fertitta made the decision to lock in the forward’s salary a few months early. The move was designed to reward Tate for his play last season and to send the message that the team values his “determined play and attitude,” Feigen adds.
Tate’s contract extends for one more year beyond 2021/22 — the Rockets have a $1.78MM team option for ’22/23, which seems likely to be eventually exercised.
The Rockets have also officially signed David Nwaba, Feigen reports.
Nets Sign David Duke Jr.
The Nets have officially signed undrafted rookie guard David Duke Jr. to a contract, the team announced today in a press release. Duke first announced on Twitter shortly after the draft ended that he’d be joining Brooklyn — it appears it’ll be for more than just Summer League.
Duke, who declared for the draft following his junior season at Providence, averaged 16.8 PPG, 6.3 RPG, and 4.8 APG on .387/.389/.792 shooting in 26 games (37.1 MPG) in 2020/21.
The terms of Duke’s contract aren’t yet known, but it seems likely to be a training camp deal that includes Exhibit 10 language. Exhibit 10 contracts, which can be converted into standard or two-way deals, give players the opportunity to earn bonuses worth up to $50K if they end up joining the club’s G League affiliate after being cut.
The Nets now have 14 players under contract, with that total set to rise to 16 once Blake Griffin and Patty Mills officially sign. Three of Brooklyn’s second-round picks also remain unsigned, and the team has a two-way qualifying offer out to Reggie Perry.
Pistons Sign Cade Cunningham To Rookie Contract
This year’s No. 1 overall pick, Cade Cunningham, has signed his rookie contract, the Pistons announced today (via Twitter).
[RELATED: 2021 NBA Draft Pick Signings]
Viewed for months as the overwhelming favorite to come off the board first on draft night, Cunningham played a single season at Oklahoma State, averaging 20.1 PPG, 6.2 RPG, 3.5 APG, and 1.6 SPG on .438/.400/.846 shooting in 27 games (35.4 MPG). He was a consensus All-American and was named the Big 12 Player of the Year as a freshman.
Cunningham, who is making his Summer League debut in Las Vegas on Sunday night, will be the highest-paid rookie in the 2021 class. As our breakdown shows, he’s in line for a rookie salary of $10MM+ and will make more than $45MM over the life of his four-year contract with Detroit.
The Pistons also formally confirmed the signing of second-rounder Isaiah Livers, which we previously relayed.
Central Notes: Pistons Contracts, McConnell, Allen, Bulls
The Pistons‘ three-year deal with Kelly Olynyk has a partial guarantee in year three, with only $3MM of the big man’s $12.2MM salary assured in 2023/24, according to Keith Smith of Spotrac (Twitter link). Detroit also gave Trey Lyles a two-year, $5.125MM deal that includes a second-year team option, Smith adds (Twitter link).
While those contract details are similar to what was reported earlier in free agency, the specifics on the Pistons’ deals for Saben Lee and second-round pick Isaiah Livers didn’t surface until today.
According to Smith (Twitter link), the Pistons used cap space to give Lee a three-year, minimum-salary contract that includes two fully guaranteed years followed by a third-year team option. As for Livers, his new deal with Detroit is also for three years with a third-year team option, tweets Smith. The No. 42 pick got slightly more than the rookie minimum in his first year, followed by the veteran’s minimum in years two and three.
Here’s more from around the Central:
- T.J. McConnell‘s new four-year contract with the Pacers, originally said to be worth $35MM, actually has a base value of $33.6MM and includes some unlikely bonuses, according to Smith (Twitter link). The fourth-year salary of $9.3MM is partially guaranteed for $5MM.
- Contract negotiations between Jarrett Allen and the Cavaliers “never grew contentious,” writes Jason Lloyd of The Athletic. The team always wanted to lock up Allen, and the big man wanted a nine-figure deal, so the five-year, $100MM agreement made both sides happy.
- Eric Nehm of The Athletic explores what role newly-acquired wing Grayson Allen will play for the Bucks in 2021/22, noting that Allen would be in line for more minutes if Donte DiVincenzo, coming off ankle surgery, still has limitations to start the season.
- K.C. Johnson of NBC Sports Chicago explains why the NBA is looking into the Bulls‘ sign-and-trade agreement with Lonzo Ball and what to expect from the investigation.
Suns Notes: Jack, Payne, Nader, Shamet
The Suns announced some coaching changes this week, stating in a press release that Kevin Young has been promoted to associate head coach and Bryan Gates and Steve Scalzi have officially joined Monty Williams‘ staff.
Perhaps the most notable name included in the announcement was that of Jarrett Jack, a longtime NBA guard who has been hired as an assistant in Phoenix. The 37-year-old, who spent 13 seasons in the NBA, hasn’t been in the league since he appeared in 62 games for the Knicks in 2017/18.
However, Jack spent last season on the G League Ignite, acting as a mentor to the young prospects on the developmental squad, including eventual lottery picks Jalen Green and Jonathan Kuminga. After serving as something of an informal coach on the Ignite, Jack will officially take on that role in Phoenix under Williams, whom he played for in Portland (2005-08) and New Orleans (2010-12) early in his career.
Here’s more out of Phoenix:
- Cameron Payne‘s three-year, $19MM contract with the Suns is partially guaranteed in its final year, according to Keith Smith of Spotrac, who tweets that the point guard is only assured of $2MM of his $6.5MM salary in 2023/24.
- Abdel Nader‘s two-year deal with the Suns includes a team option on year two, league sources tell Michael Scotto of HoopsHype (Twitter link).
- The Suns ended up not making any picks on draft night after attaching the No. 29 pick to Jevon Carter in a trade with Brooklyn. However, as Duane Rankin of The Arizona Republic details, the player Phoenix acquired in that trade – Landry Shamet – has a more versatile offensive game than Carter and should immediately step into a regular rotation role.
Thunder Sign Josh Giddey, Tre Mann To Rookie Contracts
The Thunder have signed first-round picks Josh Giddey and Tre Mann to their rookie scale contracts, the team announced today in a press release.
Having entered draft night with the sixth, 16th, and 18th overall picks in the first round, Oklahoma City traded the No. 16 selection to Houston, but used No. 6 to pick Giddey and No. 18 to nab Mann. The two rookies are projected to earn first-year salaries of $5.99MM and $2.9MM, respectively.
Giddey, a member of the Adelaide 36ers in 2020/21, averaged 10.9 PPG, 7.5 APG, and 7.4 RPG in 28 games, earning NBL Rookie of the Year honors. The 18-year-old Australian was a surprise pick at No. 6 over the likes of Jonathan Kuminga and James Bouknight, but his size (6’8″) and play-making ability make him an intriguing fit for the rebuilding Thunder.
As for Mann, he spent two seasons in college, emerging as a full-time starter in the Florida Gators’ backcourt in 2020/21. The 6’5″ guard put up 16.0 PPG, 5.6 RPG, and 3.5 APG with a shooting line of .459/.402/.831 in 24 games as a sophomore before entering the draft.
As our tracker shows, No. 32 pick Jeremiah Robinson-Earl is now the Thunder’s lone unsigned 2021 draftee.
Eastern Contract Details: Lowry, Birch, Heat, Dinwiddie, Niang, More
Kyle Lowry‘s new three-year, $85MM contract with the Heat is a standard increasing deal, starting at about $26.98MM and rising annually by 5%, tweets Keith Smith of Spotrac.
Based on Lowry’s 2021/22 salary, we now know the value of the traded player exception the Raptors created in their sign-and-trade deal with the Heat, tweets Blake Murphy of The Athletic. That TPE will be worth $4,832,848, which is the difference between Lowry’s new salary and the combined cap hits of Goran Dragic and Precious Achiuwa.
Murphy also confirms that Khem Birch‘s three-year, $20MM deal with the Raptors is a standard increasing contract with no options or partial guarantees — it eats up about $6.35MM of Toronto’s mid-level exception, leaving $3.187MM on that MLE.
Here are more contract details from around the East, courtesy of Smith:
- As expected, the new deals for Max Strus, Omer Yurtseven, and Gabe Vincent with the Heat are each two-year, minimum-salary contracts with one year guaranteed and the second year non-guaranteed (Twitter link). P.J. Tucker, meanwhile, got a two-year, $14.35MM contract that uses $7MM of Miami’s mid-level exception in year one. Tucker’s second year is a player option (Twitter link).
- Spencer Dinwiddie‘s three-year contract with the Wizards only has a base value of $54MM, rather than the previously-reported total of $60MM+ (Twitter link). The deal, which features unlikely incentives that could push its value higher, has a partial guarantee worth $10MM (of $18.86MM) in year three.
- Georges Niang‘s deal with the Sixers came in at $6.765MM over two years, both of which are fully guaranteed (Twitter link).
- Trae Young‘s five-year, maximum-salary extension with the Hawks includes a 15% trade kicker (Twitter link).
- The numbers are also in for the finalized deals between Jarrett Allen and the Cavaliers (Twitter link), Bobby Portis and the Bucks (Twitter link), George Hill and the Bucks (Twitter link), and Danny Green and the Sixers (Twitter link), with no surprises among that group. As expected, Green’s second year is non-guaranteed and Portis has a second-year player option, while Allen and Hill have fully guaranteed salaries.
Hornets Notes: Oubre, I. Smith, Li. Ball, Summer League
Kelly Oubre‘s two-year deal with the Hornets, which was completed using cap space, is worth $12MM and $12.6MM in year two, tweets Keith Smith of Spotrac. That second year is only partially guaranteed for $5MM, however, so the agreement includes just $17MM in total guaranteed money.
Meanwhile, Ish Smith‘s two-year contract with the Hornets uses most of the club’s room exception, according to Smith (Twitter link). It starts at $4.5MM in 2021/22, while the $4.725MM salary for ’22/23 is non-guaranteed.
Here’s more on the Hornets:
- LiAngelo Ball, who is playing for the Hornets’ Summer League team in Las Vegas, said he’s “very thankful” for the opportunity and isn’t taking it for granted, as Rod Boone of SI.com writes. Ball was supposed to play for Oklahoma City’s G League affiliate in March 2020 before the pandemic stopped the season. He impressed Charlotte’s brass while working out in the gym with his brother LaMelo Ball in recent months, Boone writes.
- Ball’s performance in Las Vegas is one of a handful of Hornets Summer League storylines to watch, according to Jonathan M. Alexander of The Charlotte Observer, who says he’ll also be keeping an eye on James Bouknight‘s three-point shooting and how much time Kai Jones spends at center.
- In case you missed it, the Hornets are still believed to be eyeing restricted free agent Lauri Markkanen, despite no longer having the cap room necessary to sign him to an offer sheet.
Pelicans, Hornets Eyeing Lauri Markkanen
The Pelicans have displayed interest in restricted free agent forward Lauri Markkanen, sources tell veteran NBA reporter Marc Stein (Twitter link).
As Stein notes, New Orleans just generated a trade exception worth more than $17MM in the team’s three-way trade that sent Steven Adams and Eric Bledsoe to Memphis. That newly-created exception could be used to accommodate a contract worth more than the mid-level for Markkanen.
The Pelicans and Bulls also haven’t officially completed their Lonzo Ball sign-and-trade deal yet, so it’s possible a Markkanen sign-and-trade could be looped into that agreement. However, that’d be more complicated, and the Ball agreement is currently being investigated by the NBA.
The Bulls are believed to be seeking a first-round pick in order to facilitate a Markkanen sign-and-trade, says Stein. The Pelicans can’t use their trade exception to sign Markkanen to an offer sheet, so they’d need Chicago’s cooperation in order to offer him more than the mid-level.
Meanwhile, Jordan Schultz of Bleacher Report says (via Twitter) that the Hornets, who were rumored earlier in the week to be considering an offer sheet for Markkanen, remain in the hunt as a potential “sleeper.” However, that scenario is difficult to envision.
The Hornets have used up their cap room and would almost certainly have to acquire Markkanen via sign-and-trade, as Schultz tweets. Charlotte doesn’t have a trade exception that would work in such a deal and would therefore have to match salaries.
The only salaries on Charlotte’s books that would really make sense as primary matching pieces, given Markkanen’s salary expectations, are Terry Rozier‘s ($17.9MM) or Mason Plumlee‘s ($9.25MM). Rozier is more valuable to the Hornets than he would be to the Bulls, who just agreed to acquire Ball and Alex Caruso. And Charlotte just traded for Plumlee a few days ago to address the team’s hole at center.
It’s possible the Hornets will find a way to get creative and land Markkanen, perhaps using smaller salaries, but it would be a challenge.
Markkanen, meanwhile, continues to explore his options around the NBA in the hopes of joining a new team. He told a Finnish journalist earlier this week that he’s seeking a “fresh start” after four years in Chicago.