Western Contract Details: Gay, Conley, Graham, Nunn, SGA
Originally reported as a two-year deal with a second-year player option, Rudy Gay‘s new contract with the Jazz actually covers three years, with a third-year player option, according to Keith Smith of Spotrac (Twitter link). The full three-year value of the contract, which was officially announced on Friday, comes in at about $18.55MM.
Smith has details on several other newly-signed contracts from around the Western Conference, so let’s dive in and round up some of the highlights (all links are courtesy of Smith)…
- Mike Conley‘s three-year deal with the Jazz includes some unlikely bonuses and has a partial guarantee on year three (Twitter link). The 2023/24 salary of $24.36MM is only guaranteed for $14.32MM.
- Devonte’ Graham‘s four-year contract with the Pelicans starts at $11MM and features 5% annual raises (Twitter link). The fourth year salary of $12.65MM is only partially guaranteed for $2.85MM.
- The Lakers used most of their taxpayer mid-level exception to sign Kendrick Nunn (Twitter link). His deal is worth $5MM in 2021/22, with a $5.25MM second-year player option.
- The Mavericks used the full non-taxpayer mid-level exception to sign Reggie Bullock to a three-year deal worth slightly over $30MM (Twitter link). The contract, which includes a 5% trade bonus, is only guaranteed for $5.45MM (of $10.49MM) in the final year.
- Shai Gilgeous-Alexander‘s five-year, maximum-salary extension with the Thunder includes a 15% trade kicker (Twitter link).
Kevin Durant Gets Four-Year Extension From Nets
AUGUST 8: Durant’s extension is official, the Nets announced.
“We know who he is. Kevin Durant will establish his legacy in Brooklyn as one of the greatest ever,” owner Joe Tsai said. “On behalf of the Nets organization, my family and our fans, we are excited and humbled to see a lot of Kevin for years to come.”
“Kevin is a transcendent talent who continues to drive and push this franchise and the game of basketball globally,” added general manager Sean Marks. “We are thrilled to continue our partnership with him for years to come. Kevin’s impact both on and off the court cannot be overstated. His unparalleled drive and leadership generate sustained excellence from himself while also elevating the performance of his teammates, positioning this organization to continue the pursuit of our championship goals in Brooklyn.”
AUGUST 6: The Nets and Kevin Durant are in agreement on a four-year, maximum-salary contract extension that will go into effect during the 2022/23 season, according to Shlomo Sprung of The Boardroom. Durant’s manager Rich Kleiman confirmed the deal, which will replace the star forward’s ’22/23 player option.
Durant will be eligible for a 5% raise on his 2021/22 salary of $42MM, so his new deal will start at about $44.1MM in ’22/23. That figure exceeds the default maximum salary for a player with 10+ years of experience, but a player’s individual maximum salary on a new contract is always at least 105% of his previous salary.
In total, Durant’s new extension will be worth $197.7MM over four years and will cover his age 34-37 seasons.
Durant, who signed a four-year, maximum-salary contract with the Nets in 2019, missed his entire first season in Brooklyn while recovering from an Achilles tear and was limited to just 35 regular season games in 2020/21. However, he looked like his old self in those games, averaging 26.9 PPG, 7.1 RPG, 5.6 APG, and 1.3 BPG on a scorching .537/.450/.882 shooting line.
In 12 postseason games, Durant put up 34.3 PPG, 9.3 RPG, 4.4 APG, and 1.6 BPG on .514/.402/.871 shooting, but he couldn’t quite lead the Nets past the eventual-champion Bucks in the Eastern Conference Semifinals, despite a 48-point performance in a Game 7 overtime loss.
All three Brooklyn stars are eligible for contract extensions this offseason. Now that they have a deal in place for Durant, the Nets figure to shift their focus to trying to lock up James Harden and Kyrie Irving as well.
Jarrell Brantley Accepts Qualifying Offer From Jazz
The Jazz have re-signed forward Jarrell Brantley, according to Paul Garcia of Project Spurs (Twitter link). Utah issued Brantley a qualifying offer last week to make him a restricted free agent and he has accepted that offer, tweets Tony Jones of The Athletic.
Because Brantley had spent two seasons on a two-way deal with the Jazz, he was eligible this summer for a one-year, minimum-salary qualifying offer that includes a modest partial guarantee.
In past seasons, that partial guarantee has been equivalent to the salary a two-way player would earn if he spent the entire season in the G League, which has been about $84K. This season, all two-way players will earn a salary in the neighborhood of $463K, even if they spend the entire season in the NBAGL, but there has been no indication the partial guarantee on QOs like Brantley’s has increased to reflect that change.
Brantley, 25, has seen limited action at the NBA level since joining the Jazz in 2019, appearing in just 37 total games and averaging 2.4 PPG and 1.3 RPG in 6.3 minutes per contest. The former No. 50 overall pick did have a big year for the Salt Lake City Stars in 2019/20, putting up 18.8 PPG, 7.6 RPG, and 3.7 APG in 33 games (32.4 MPG) to earn All-NBAGL First Team honors.
While Brantley is back under contract with Utah for now, the small partial guarantee on his new deal means he’s probably not a lock for a regular season roster spot.
Rockets Acquire Daniel Theis In Sign-And-Trade
AUGUST 7: The sign-and-trade deal with the Bulls is official, the Rockets announced in a press release, with Chicago getting cash considerations in return.
“Daniel is a versatile center who impacts both ends of the court,” Rockets general manager Rafael Stone said. “We’re looking forward to adding his skillset to our young core and giving Coach (Stephen) Silas even more flexibility with his lineups.”
Theis’ new four-year contract includes a 15% trade kicker, reports Michael Scotto of HoopsHype (via Twitter).
AUGUST 2: The Rockets will fortify their frontcourt by signing Daniel Theis to a four-year contract worth $36MM, his agents at CAA Basketball tell Adrian Wojnarowski of ESPN (Twitter link).
Theis was frequently linked to Houston in the days leading up to free agency. As Tim MacMahon of ESPN notes (via Twitter), Houston’s plan is to work with the Bulls, Theis’ old team, to complete a sign-and-trade deal that would allow the Rockets to fit the center into their leftover trade exception from the Victor Oladipo trade.
That trade exception is worth about $8.2MM and could be used to sign Theis to a contract worth up to $35.6MM over four years. Taking that approach would preserve Houston’s mid-level exception for another signing (or multiple signings).
According to Jonathan Feigen of The Houston Chronicle (Twitter link), the Rockets are expected to send cash to the Bulls to finalize the sign-and-trade.
Theis, 29, averaged a career-high 9.6 PPG in 2020/21 in 65 games (24.6 MPG) for Boston and Chicago. He also contributed 5.5 RPG and 0.9 BPG while shooting 54.1% from the floor and even launching the occasional three-pointer (32.2% on 2.3 attempts per game).
While Theis isn’t particularly dangerous on the offensive end, he’s a solid defender who will give the Rockets another reliable veteran in the frontcourt alongside Christian Wood.
Pistons Sign Second-Round Pick Isaiah Livers
The Pistons have officially signed former Michigan forward Isaiah Livers, according to NBA.com’s transactions log.
While terms of the deal aren’t yet known, Detroit had been operating under the cap, giving the team the ability to offer Livers a three- or four-year deal that starts above the rookie minimum.
The 42nd overall pick in this year’s draft, Livers spent all four years of his college career with the Wolverines, putting up career-best marks in PPG (13.1), RPG (6.0), APG (2.0), and 3PT% (.431) as a senior.
Livers won’t be available for Summer League, as he continues to recover from the right foot surgery that ended his college career. However, as we relayed on Thursday, he’s hopeful that he’ll be fully cleared for basketball activities this fall, around the start of the 2021/22 season. Detroit figures to play it safe with the 6’7″ rookie and may have him spend time in the G League.
The Pistons selected four players in this year’s draft — Livers, Luka Garza, Balsa Koprivica and, of course, No. 1 overall pick Cade Cunningham.
Rockets Sign Alperen Sengun, Josh Christopher To Rookie Deals
The Rockets have signed first-round picks Alperen Sengun and Josh Christopher to their rookie scale contracts, according to NBA.com’s official transactions log.
Sengun, a 19-year-old forward/center from Turkey, was named the Turkish League MVP in 2021 after averaging 19.2 PPG, 9.4 RPG, 2.5 APG, and 1.7 BPG in 29 games (28.3 MPG) for Besiktas. Houston traded a pair of protected future first-round picks to acquire the No. 16 pick to select Sengun on draft night.
Christopher is a 6’5″ guard who played his college ball at Arizona State and declared for the draft following his freshman year. He was selected 24th overall after averaging 14.3 PPG and 4.7 RPG in 15 games (29.7 MPG) for the Sun Devils.
[RELATED: Rookie Scale Salaries For 2021 NBA First-Round Picks]
The Rockets, who drafted four players in the first round last Thursday, have already locked up No. 2 pick Jalen Green to his rookie contract as well. No. 23 pick Usman Garuba is the only one of the four still unsigned, likely due to the complications created by his expensive buyout with Real Madrid. We’ll have to wait to see if the Rockets are able to get him stateside for the 2021/22 season.
NBA Investigating Lowry, Ball Sign-And-Trades For Possible Tampering
The NBA has launched investigations into two of the sign-and-trade deals that were agreed upon early in free agency, according to ESPN’s Adrian Wojnarowski and Ramona Shelburne.
Those two deals are the one that sent Kyle Lowry from the Raptors to the Heat – which was officially announced on Friday – and the one sending Lonzo Ball from the Pelicans to the Bulls, which hasn’t been officially completed yet. The NBA is set to investigate possible violations of its tampering policy.
According to Wojnarowski and Shelburne, the league is expected to look into any contact that may have occurred prior to the opening of the free agency negotiating period on Monday at 5:00pm CT. Both agreements were reported within minutes after the negotiating period began.
It’s an open secret that teams and agents begin free agent discussions before the negotiating period officially starts, but the NBA generally frowns on any deals that blatantly violate those rules. Sign-and-trades receive even more scrutiny since they’re more complex and typically require more time to complete than a typical free agent negotiation, Wojnarowski and Shelburne note.
Last year, for instance, an alleged sign-and-trade agreement involving the Bucks, Kings, and Bogdan Bogdanovic was reported several days before free agency officially began. The league ended up taking away Milwaukee’s 2022 second-round pick after investigating that situation, while Bogdanovic – who claimed he never agreed to terms with the Bucks – landed in Atlanta instead.
We’ll see what the investigation into the Lowry and Ball sign-and-trades turns up this year. It’s unlikely that the league would nix either deal, but fines and/or draft-pick penalties don’t seem out of the question, given the manner in which the deals were publicly reported.
One Monday report outlined the specifics of the Lowry sign-and-trade to the Heat nearly three hours before free agency began, though there was some uncertainty for much of the week about whether the deal would involve more pieces than just Goran Dragic and Precious Achiuwa. Lowry’s commitment to Miami was confirmed just minutes into free agency and his agency announced his destination shortly thereafter.
Ball’s deal with the Bulls was reported literally the minute the negotiating window opened, with the full terms of the trade agreement – including another sign-and-trade involving Garrett Temple – surfacing just seven minutes later.
As Wojnarowski notes (via Twitter), the NBA adopted new anti-tampering measures two years ago, giving the league the power to fine teams for up to $10MM, suspend executives, take away draft picks, or even void deals altogether if proof of tampering is found.
The Bucks’ second-round pick forfeiture is the most significant penalty we’ve seen since then. However, as Wojnarowski and Shelburne point out, the NBA’s decision in that case took into consideration that Bogdanovic didn’t end up signing with Milwaukee, so the league could come down a little harder on Miami and/or Chicago.
Warriors Trade Eric Paschall To Jazz
AUGUST 7: The trade is official, the Warriors announced in a press release. As detailed below, the deal sends Paschall to Utah in exchange for the Grizzlies’ 2026 second-round pick, which the Jazz had just acquired in a separate deal. That pick reportedly has top-42 protection.
AUGUST 4: The Warriors have agreed to trade forward Eric Paschall to the Jazz in exchange for a future protected second-round pick, reports Adrian Wojnarowski of ESPN (Twitter link). That pick will be Memphis’ 2026 second-rounder, with top-42 protection, per Anthony Slater of The Athletic (Twitter link).
Paschall, 24, has spent his first two NBA seasons in Golden State after being selected with the 41st overall pick in the 2019 draft and has been a regular rotation player for the team during that time. In 100 career games with the Warriors, he has averaged 12.2 PPG and 4.0 RPG on .497/.301/.755 shooting in 23.5 minutes per contest.
After a strong rookie year, Paschall’s numbers dipped a little in 2020/21 and he missed a chunk of the season due to a hip injury. Slater suggested in May that the big man’s future with the organization might be “tenuous,” and it looks like he was right. The deal will open up a roster spot and should create a small amount of tax savings for the Warriors.
Paschall will get a chance for a fresh start in Utah, providing frontcourt depth and playing alongside his close friend Donovan Mitchell. The two players grew up together in Westchester County, New York.
Paschall is technically earning the veteran’s minimum this season, but he can’t be absorbed using the minimum-salary exception because his contract was a three-year deal. Since Utah isn’t sending out any salary in the deal, the team will use one of its trade exceptions to take on Paschall’s $1.78MM salary. The exception created in last year’s Tony Bradley trade still has $2MM+ left on it and will expire soon, making it the best fit.
Tony Jones of The Athletic first identified Paschall as a Jazz trade target on Monday.
Heat Sign P.J. Tucker
AUGUST 7: The signing is official, according to a team press release.
“P.J. Tucker is the perfect addition to this team,” Heat president Pat Riley said. “He brings both shooting and most importantly, the ability to defend a lot of perimeter players. We love his versatility in order to put a defensive team on the court, where all five guys can defend, while also having enough shooting and scoring to win games.”
AUGUST 2: The Heat have agreed to a deal with free agent forward P.J. Tucker, sources tell Shams Charania of The Athletic (Twitter link).
According to Charania (Twitter link), Tucker will get a two-year, $15MM contract from Miami, which suggests the team is putting a chunk of its mid-level exception toward the signing. The deal will feature a player option in year two, Charania adds (via Twitter).
Tucker doesn’t bring much to the table on offense besides the occasional corner three (he’s a career 35.9% shooter from beyond the arc), but he’s a physical, versatile defender who is just as willing to battle in the post with centers as he is to guard quicker guards and wings on the perimeter.
Tucker will fit in nicely on a Heat squad that already features tough defenders like Bam Adebayo, Jimmy Butler, and Kyle Lowry.
The Heat had been looking to address their power forward position with their mid-level exception and will likely remain on the lookout for at least one more player who can play minutes at the four, though their cap flexibility is now limited. Barry Jackson of The Miami Herald reports (via Twitter) that the club has an offer out to veteran forward Markieff Morris.
Hornets Sign Kelly Oubre To Two-Year Deal
AUGUST 7: Oubre and the Hornets have now finalized a two-year, $25MM contract, agent Torrel Harris tells Chris Haynes of Yahoo Sports (Twitter link). Charlotte announced the signing in a press release.
It appears Oubre’s starting salary will come in slightly lower than initially expected after Charlotte took on Wesley Iwundu in a trade with New Orleans.
The deal won’t feature any options, per Michael Scotto of HoopsHype (Twitter link). However, Rod Boone of SI.com (Twitter link) says the second year will be partially guaranteed and Anthony Slater of The Athletic provides the specifics, tweeting that $5MM of Oubre’s $12.6MM salary for 2022/23 will be guaranteed.
AUGUST 5: The Hornets and free agent wing Kelly Oubre are in agreement on a two-year deal that will be worth $26MM+, sources tell Shams Charania of The Athletic (Twitter link).
David Aldridge of The Athletic reported earlier on Thursday that the Hornets and Oubre had engaged in discussions, while Chris Haynes of Yahoo Sports was first to report that the two sides were finalizing a multiyear deal expected to exceed $12MM per year.
Charlotte, one of the only NBA teams that still had the cap room necessary to make an offer worth more than the full mid-level exception ($9.5MM), had also reportedly been mulling an offer sheet for Lauri Markkanen. However, the Hornets’ agreement with Oubre will eat up most – if not all – of their remaining cap room, presumably taking an aggressive bid for the Bulls‘ restricted free agent forward off the table.
Oubre, 25, has spent time with the Wizards, Suns, and Warriors since entering the league as the 15th overall pick in the 2015 draft. In 2020/21, he averaged 15.4 PPG and 6.0 RPG on .439/.316/.695 shooting in 55 games (30.7 MPG) for Golden State.
While Oubre possesses good size and athleticism for a three-and-D wing, his three-point shot has been inconsistent over the course of his career (32.6%).
Charlotte will be hoping to get the 2019/20 version of Oubre, who averaged 18.7 PPG with a .352 3PT% for the Suns. The former Kansas Jayhawk will join a talented group of Hornets forwards that includes Gordon Hayward, Miles Bridges, and P.J. Washington.
Since the Hornets have the ability to sign Oubre outright using their cap room and his new contract will only be for two years, it won’t be a sign-and-trade deal involving the Warriors.