Thunder Sign Chet Holmgren, Jalen Williams To Rookie Deals
The Thunder have signed a couple of their first-round draft picks, Chet Holmgren and Jalen Williams, according to NBA.com’s official transactions log.
Holmgren was the second pick of the draft after spending one season with Gonzaga. In 32 games (26.9 MPG) for the Bulldogs, the 7’0″ Holmgren averaged 14.1 PPG, 9.9 RPG and 3.7 BPG on .607/.390/.717 shooting.
Williams was the 12th pick of the draft after three seasons with Santa Clara. In 33 games (34.8 MPG) as a junior for the Broncos, the 6’6″ wing averaged 18 PPG, 4.4 RPG, 4.2 APG and 1.2 SPG on .513/.396/.809 shooting.
Oklahoma City has been in rebuilding mode for a couple of seasons now, but the influx of young talent should help accelerate the team’s progression. Holmgren was considered the top prospect in the draft by many talent evaluators, while Williams was a draft riser after strong athletic testing numbers and standout scrimmage performances at the combine in Chicago last month.
Assuming Holmgren and Williams sign for 120% of the rookie scale, which virtually every first-rounder does, they’ll be in line for first-year salaries of $9.89MM and $4.34MM, respectively.
Lakers Officially Sign Jones, Brown, Toscano-Anderson
The Lakers have officially completed three signings, according to a team press release. The trio of players are center Damian Jones, wing Troy Brown and wing Juan Toscano-Anderson.
Jones, Brown and Toscano-Anderson were all signed to minimum-salary contracts. Both Brown and JTA received one-year deals, while Jones got a two-year deal with a player option.
Jones, 27, had a solid season with the Kings in 2021/22 after struggling to find a standard roster spot in ’20/21. In 56 games this season (18.2 MPG), Jones averaged 8.1 PPG and 4.4 RPG while shooting 65.8% from the field and 71.8% from the line.
Brown, 22, was the 15th pick of the 2018 draft and spent his first two-plus seasons with Washington before being traded to Chicago last year. The Bulls declined his qualifying offer after he struggled to make an impact this season, averaging 4.3 PPG and 3.1 RPG on .419/.353/.769 shooting in 66 games (16 MPG).
Toscano-Anderson, 29, spent the last three seasons with the Warriors and recently won a title. In 73 games (13.6 MPG) in ’21/22, he averaged 4.1 PPG, 2.4 RPG and 1.7 APG on .489/.322/.571 shooting.
Because the three players are on minimum contracts, the deals can be completed before the transaction moratorium ends on July 6.
Western Rumors: Mitchell, Payton II, Lillard, Bryant
Rudy Gobert‘s impending trade to Minnesota, in which Utah will receive multiple unprotected first-round picks, and a separate trade sending Royce O’Neale to Brooklyn for another first-round pick, could be seen as an indication that the Jazz might be rebuilding.
In an appearance on NBA Today, ESPN’s Brian Windhorst said (video link from Talkin’ NBA) the league is preparing for Jazz star Donovan Mitchell to request a trade, noting that O’Neale was one of Mitchell’s closest friends on the team.
“If you’re Donovan Mitchell and you see two trades like this that are designed to save more than $100MM and get first-round draft picks, that doesn’t inspire confidence,” Windhorst said. “And talking to league executives who saw some of this coming, they think it would be abnormal for Donovan to not want out at this point.
“Now, they obviously have the option to use these assets to trade something to put around Donovan, and that may be what they’re trying to sell him on. But right now, there are teams out there that are revving up the possibility of calling Utah and seeing what it’s going to take to get Donovan Mitchell, because they’re not going to be done. This is not a team that needs Mike Conley. This is not a team that needs Bojan Bogdanovic. This is not a team that needs Rudy Gay. All of these guys who have long-term money who have value to other places, I would suspect, are going to potentially be on the trade market and the Jazz are going to get calls.”
When the Gobert news broke, both ESPN’s Adrian Wojnarowski and Tony Jones of The Athletic said the Jazz planned to retool the roster around Mitchell rather than move him.
However, Andy Larsen of The Salt Lake Tribune hears (Twitter links) that it’s not a lock that the Jazz will keep Mitchell, saying there’s been some “push back” on those reports. The Jazz plan to keep their options open for all possibilities, according to Larsen, who notes that Mitchell could be a fallback option for the Heat if they’re unable to land Kevin Durant.
Here are a few more rumors from the Western Conference:
- A source tells Sam Amick of The Athletic that both Stephen Curry and Draymond Green pitched Gary Payton II on sticking with the Warriors, but Golden State’s reported offer — two years for about taxpayer mid-level exception money — was substantially less than he received from the Trail Blazers (three years, $28MM). Losing Payton will surely sting for the Warriors, as he was a fan favorite and an excellent defender, Amick observes.
- As Amick relays, it was assumed that Damian Lillard would be a lock to sign a two-year, max extension shortly after free agency opened, which has yet to transpire. The deadline won’t pass until the start of the regular season, but Lillard may still needs some convincing to sign the deal, a source tells Amick, who says the star guard wanted the Blazers to have a strong offseason to prove they could build a contender around him. According to Amick, adding Payton will surely help matters. Not only does the team need perimeter defense, which Payton provides, but there are a couple other ties between the two players. Payton’s father, Hall-of-Famer Gary Payton, has been a mentor to Lillard, and all three are represented by agent Aaron Goodwin.
- Brad Turner of The Los Angeles Times hears (via Twitter) from sources that the Lakers are very interested in a reunion with center Thomas Bryant, who is an unrestricted free agent. However, the Lakers can only offer a veteran minimum deal, so Bryant is in search of a better offer. The Raptors are also pursuing Bryant, per Turner.
Celtics Notes: Brogdon, Gallinari, Trade Exception, Hauser
Guard Malcolm Brogdon, whom the Celtics are set to acquire in a trade from Indiana, said there were some indications that he might be headed to Boston.
“I had heard that Boston was interested over the past few days, but as a player, you don’t know everything that’s going on,” Brogdon told Jared Weiss of The Athletic on Friday. “You just have to sit tight, let your agent work, let your team work and then let the team that wants you, work as well. The Pacers were really good at facilitating a deal and sending me somewhere I could win. I am very much appreciative of how the Pacers have handled everything.”
The 29-year-old led the Pacers in scoring last season with 19.1 points per game, but he says he’s ready to sacrifice his individual numbers to help the team get over the hump and win a ring.
“I’m looking to win a championship, that’s actually it,” Brogdon said. “In the past, I’ve worried about stats and numbers and all that. I’m going to Boston and not worrying about that.”
A source tells Mark Murphy of the Boston Herald (Twitter link) that the Celtics view Brogdon as a sixth man, and intend to keep the starting lineup they used last season featuring Marcus Smart, Jaylen Brown, Jayson Tatum, Al Horford and Robert Williams.
Here’s more on the Celtics:
- Adam Himmelsbach of The Boston Globe hears from a source close to Danilo Gallinari that the forward had better financial offers than the Celtics could provide via the taxpayer mid-level exception, but the opportunity to join a championship contender was too enticing to pass up. Jay King of The Athletic reports similarly, with sources saying Gallinari had at least one rival team offering more money.
- Over the past couple of weeks the Celtics explored possibilities with using their $17.1MM traded player exception, per Himmelsbach, but nothing came to fruition and the team currently doesn’t plan to use it after acquiring Brogdon, who will make $67.6MM over the next three seasons, including $22.6MM in 2022/23.
- Boston plans to agree to terms with Sam Hauser on a multiyear deal in the coming days, Himmelsbach adds in a tweet. That outcome was expected after the Celtics made Hauser a restricted free agent a couple of days ago.
- According to Murphy (Twitter link), the Celtics are scouring the free agent market for a backup big man. They can only offer a veteran’s minimum deal, but I’m sure they’ll find a taker considering Boston was two wins away from a title this past season.
Rockets Sign Jabari Smith, Tari Eason, TyTy Washington
The Rockets have officially signed their trio of first-round picks, the team announced in a press release.
Jabari Smith, the No. 3 pick out of Auburn, averaged 16.9 PPG, 7.4 RPG, 2.0 APG, 1.1 SPG and 1.0 BPG in 34 games (28.8 MPG) as a freshman.
Tari Eason, the No. 17 pick out of LSU, averaged 16.6 PPG, 6.6 RPG, 1.9 SPG and 1.1 BPG in 33 games (24.4 MPG) as a sophomore.
TyTy Washington, the No. 29 pick out of Kentucky, averaged 12.5 PPG, 3.5 RPG, 3.9 APG and 1.3 SPG in 31 games (29.2 MPG) as a freshman.
Assuming the three players signed for the maximum allowable 120% of the rookie scale, which nearly every team gives to their first-round selections, Smith will earn $8,882,640 in 2022/23, Eason will make $3,359,160, and Washington will get $2,210,040.
Magic Sign Paolo Banchero
The Magic have officially signed Paolo Banchero, the first pick of last week’s NBA draft, the team announced in a press release.
In 39 games as a freshman for Duke this past season, the 6’10” Banchero averaged 17.2 PPG, 7.8 RPG, 3.2 APG and 1.1 SPG on .478/.338/.729 shooting. He helped lead the Blue Devils to a 32-7 record and a No. 2 seed in the NCAA tournament, where they ultimately fell to long-time rival North Carolina in the Final Four.
Banchero earned numerous accolades for his stellar season, including Consensus All-America Second Team, All-ACC First Team, and ACC Rookie of the Year, among others.
As the first overall pick, Banchero will earn $11,055,120 as a rookie in 2022/23 if he signs for the maximum allowable 120% of the rookie scale (nearly always happens). He’s eligible to make $50,158,769 over the four-year contract, assuming the Magic pick up his team options in years three and four, which is basically a lock given his draft status.
Banchero is expected to make his Orlando debut in the Las Vegas Summer League on July 7.
Raptors Sign Thaddeus Young To Two-Year Extension
11:22pm: The Raptors’ new deal with Young is already official, according to NBA.com’s transactions log. That signals that the team technically signed Young to a veteran extension on June 30, rather than waiting for him to reach the open market and signing him to a free agent contract.
For practical purposes, the outcome is the same — the Raptors have locked up Young to a deal reported to worth $16MM over two years. One notable difference is that he’ll become trade-eligible immediately instead of on December 15 like a free agent signee.
5:47pm: The Raptors are re-signing forward Thaddeus Young, according to Chris Haynes of Yahoo Sports (Twitter link), who hears from agents Jim Tanner and Max Wiepking that Young will get a two-year, $16MM deal that includes incentives.
Toronto held Young’s Bird rights after acquiring him from San Antonio at February’s trade deadline, giving the Raptors the ability to exceed the salary cap to retain him.
Young, who turned 34 on June 21, averaged modest totals of 6.2 PPG, 4.0 RPG, 2.0 APG and 1.0 SPG on .518/.354/.469 shooting in 52 regular season games between the two teams last season (16.3 MPG). Still, he was productive on a per-minute basis, and is a smart player on both ends of the court who provides veteran leadership to a fairly young Raptors team.
The 15th pick of the 2007 draft, 2021/22 was Young’s 15th NBA season. He played for Philadelphia during his first seven seasons before bouncing around a little bit, making stops in Minnesota, Brooklyn, Indiana and Chicago prior to last season.
Young holds career averages of 12.8 PPG, 5.8 RPG, 1.8 APG and 1.4 SPG on .502/.332/.663 shooting in 1085 games (29.3 MPG). He’s unlikely to find a large role with Toronto over the next couple of seasons, but the Raptors traded their first-round pick in the draft (and got back an early second-rounder) to acquire him, so obviously they made re-signing him a priority.
Trail Blazers Eyeing Gary Payton II, Bruce Brown
The Trail Blazers are pursuing free agent guard Gary Payton II with an offer in the range of $8MM, but there’s still mutual interested in a return to the Warriors, sources tell Jake Fischer of Bleacher Report (Twitter link). Fischer adds that the Blazers are also eyeing Bruce Brown, another free agent guard, who has been with the Nets the last couple of seasons.
After bouncing between the G League and the NBA in his first five seasons and never finding a consistent home or role, Payton had a terrific season for the Warriors in 2021/22, appearing in 71 regular season games (16 starts) while averaging 7.1 points, 3.5 rebounds and 1.4 steals on .616/.358/.603 shooting. Though he averaged only 17.6 minutes per night, his impact was clear when he had opportunities, showcasing jaw-dropping athleticism, a knack for the ball, hustle, and excellent defense.
The 29-year-old played a key role during Golden State’s championship run, averaging 7.0 points, 3.4 rebounds and 1.6 steals in five Finals contests (18.5 minutes per night) after returning from a fractured left elbow. In his first six playoff games (18 minutes) prior to the injury, he averaged 7.0 points, 3.5 rebounds and 1 steal on .727/.750/.667 shooting.
Like Payton, Brown is one of the better perimeter defenders in the league, and the Nets trading for Royce O’Neale was viewed as an indication that Brown was unlikely to return to Brooklyn. In 71 regular season games (24.6 minutes) last season, Brown averaged 9 points, 4.8 rebounds, 2.1 assists and 1.1 steals on .506/.404/.758 shooting.
Despite being swept by the Celtics in the first round of the playoffs, Brown was arguably Brooklyn’s most consistent postseason performer, averaging 14 points, 4.8 rebounds, 2.8 assists and 1.3 steals on .568/.429/.800 shooting.
Anthony Slater and Sam Amick of The Athletic report that both Kevon Looney and Payton are searching for more money than the Warriors are willing to offer, thus increasing the chances that Payton, in particular, bolts in free agency. Both players want to return to Golden State, but at the right price, which is where the separation currently exists, according to The Athletic’s duo.
The chance of a reunion between Otto Porter and the Warriors is still possible, per Slater and Amick, who say that Porter is contemplating whether to return on a minimum deal or take a larger offer elsewhere.
Warriors, Nets, Clippers Top Taxpaying Teams For 2021/22
The 2021/22 NBA season was a record-setting one for luxury tax payments.
According to data from Albert Nahmad of HeatHoops.com and Yossi Gozlan of HoopsHype, the league’s previous single-year record for total luxury tax payments was $173.3MM, back in 2002/03.
This season, the Warriors‘ tax penalties alone nearly matched that league-wide record. And they were joined by six other taxpayers whose combined end-of-season bills shattered the previous record even without Golden State’s help.
Here’s the complete breakdown of the seven taxpaying teams, courtesy of Eric Pincus of SportsBusinessClassroom.com:
- Golden State Warriors: $170,331,194
- Brooklyn Nets: $97,711,261
- Los Angeles Clippers: $83,114,692
- Milwaukee Bucks: $52,037,160
- Los Angeles Lakers: $45,117,195
- Utah Jazz: $18,833,260
- Philadelphia 76ers: $13,876,624
All told, the seven teams paid a staggering combined total of $481,021,386.
Half of that total will be dispersed to the league’s non-taxpayers, which means that 23 teams will receive $10,456,987 each. The league will get the remaining $240,510,693 to help fund its revenue sharing program, says Pincus.
These numbers make it more obvious why a team like the Celtics made a concerted effort to get out of luxury tax territory at the trade deadline. A tax bill of $2MM or so wouldn’t break the bank for Boston’s ownership group, but the C’s generated more than just $2MM in savings by ducking below the tax line — they’re now one of the 23 teams that will receive a $10MM+ windfall.
Having said that, the Celtics gladly would have paid the tax penalty had they won the championship — Jaylen Brown would have received a bonus in that scenario, which would have pushed them over the line.
It’s worth noting that the Warriors are the only one of these seven taxpayers who were subject to “repeater” penalties this season, so it’s not as if those more punitive repeater penalties fueled this year’s record-setting totals. Even without the repeater penalties, the Dubs would have owed approximately $131MM in taxes.
The majority of these teams project to be taxpayers again in 2022/23.
Juan Toscano-Anderson To Sign With Lakers
Free agent wing Juan Toscano-Anderson, who just won a championship with the Warriors, has agreed to a deal with the Lakers, agent Erika Ruiz told Chris Haynes of Yahoo Sports.
It’ll be a one-year, minimum-salary contract, tweets Jovan Buha of The Athletic.
As Haynes details, Toscano-Anderson went undrafted out of Marquette in 2015 and spent the next three seasons playing in the Mexican league prior to receiving a tryout with the Warriors’ G League affiliate in Santa Cruz. Obviously, he impressed Golden State with his athleticism and versatility, having spent the last three seasons with the Warriors’ NBA squad.
Across 139 games (17.1 MPG) from 2019-2022, JTA holds career averages of 4.8 PPG, 3.3 RPG and 2.2 APG on .523/.361/.613 shooting. At 29, his upside might be a bit limited, but his energy and enthusiasm should help a Lakers team that was quite old and lethargic last season.