Eastern Contract Details: Heat, Rondo, Harris, Clark, Raptors
Although Maurice Harkless‘ one-year, $3.623MM deal is exactly the same amount as the bi-annual exception, the Heat completed the signing using a portion of their mid-level exception, according to Keith Smith of Yahoo Sports (Twitter link). Avery Bradley received the remaining portion of the $9.258MM MLE, for a first-year salary of $5.635MM, Smith adds (via Twitter).
The Heat will still be hard-capped as a result of using the full mid-level exception, but they now retain their bi-annual exception to use either this season or next year, if they remain over the cap in 2021/22.
Smith (Twitter link) also passes along the exact details on Meyers Leonard‘s new contract with the Heat, which has a $9.4MM first-year salary and a team option for 2021/22 worth $10.152MM.
Here are a few more specific details on some of the new free agent contracts signed in the last couple days, via Smith unless otherwise indicated:
- Rajon Rondo‘s two-year, $15MM deal with the Hawks has matching cap hits of $7.5MM this season and next year. It also includes $750K in annual bonuses – tied to games played and playoff appearances – that could increase the annual value to $8.25MM (Twitter link).
- Joe Harris‘ new four-year contract with the Nets technically has a base value of $72MM, with $500K in annual bonuses tied to games played, playoff games played, and team performance (Twitter link).
- The Magic used part of their mid-level exception to sign Gary Clark to a contract starting at $2MM. His $2.1MM second-year salary won’t become guaranteed until seven days after the 2021 moratorium (Twitter link).
- The Raptors‘ deals for Aron Baynes, Chris Boucher, and DeAndre’ Bembry will all be non-guaranteed in year two rather than technically featuring team options, tweets Michael Grange of Sportsnet.ca. That means they’ll have to be waived next summer if Toronto doesn’t want to retain them for two years.
Harden Has Been Put On Backburner
The Nets have shifted their focus away from a potential James Harden blockbuster and are simply looking to make marginal upgrades to the roster, according to Brian Lewis of the New York Post. Brooklyn might pursue the Hornets’ Nicolas Batum once he clears waivers to give itself another defensive wing. The Nets tried and failed to secure Serge Ibaka‘s services with the $5.7MM taxpayer mid-level exception and also struck out on wing Kent Bazemore, Lewis adds.
Brown Acquired To Be Defensive Stopper
- The Nets are looking at Bruce Brown as a defensive stopper, Brian Lewis of the New York Post writes. Brown was acquired from the Pistons in a three-team deal and slots in as a combo guard. “Bruce, we’ve talked about adding some defensive players,” Nets GM Sean Marks said. “A toughness, a mindset, that’s what we’ll certainly be looking for in Bruce.”
Free Agency Rumors: Ibaka, Iwundu, Hernangomez, Bazemore
Big man Serge Ibaka was not bereft of contending suitors in free agency, according to Michael Scotto of HoopsHype. Scotto notes that the Raptors, the team with whom Ibaka spent most of the last four seasons, apparently offered a one-year, $12MM deal to Ibaka for an encore appearance in 2020/21. Toronto was believed to be unwilling to offer multiple years, which would have cut into the team’s projected 2021 cap space.
The Nets also wanted Ibaka, but could only afford a taxpayer mid-level exception, which would have started at $5.7MM this season. Ibaka ultimately inked a two-year, $19MM contract with the Clippers.
Here are more free agency rumors:
- Though swingman Wesley Iwundu ultimately opted to sign a two-year, veteran’s minimum contract with the Mavericks, the Hawks, Pelicans and Kings were also in the running for Iwundu’s services this offseason, Scotto reports in the same piece.
- The Mavericks and Kings also considered adding reserve center Willy Hernangomez before he agreed to terms with the Pelicans on a one-year, veteran’s minimum deal, per Scotto. Hernangomez’s 2019/20 club, the Hornets, also apparently wanted to re-sign the 26-year-old big man.
- Scotto reports that former Kings wing Kent Bazemore also found himself in high demand this offseason before agreeing to a one-year veteran’s minimum deal with the Warriors. The Lakers, Clippers, Bucks, Celtics, Suns, Knicks, Nets, and Hornets were all interested in adding the three-and-D vet this offseason.
Clippers Pursuing Serge Ibaka, Marc Gasol
The Clippers are in the running to sign Serge Ibaka or Marc Gasol away from the Raptors, tweets Marc Stein of The New York Times. Sources tell Stein that adding Gasol is considered more realistic because of the intense competition to land Ibaka, led by Toronto and the Nets.
The Lakers would also like to add another big man, Stein notes, but they’re financially limited after signing Montrezl Harrell and re-signing Kentavious Caldwell-Pope. It appears the Lakers would be limited to a veteran’s minimum offer.
The Clippers need reinforcements in the front court after losing Harrell and JaMychal Green on the first night of free agency. L.A. kept midseason pick-up Marcus Morris, giving him $64MM over four seasons.
The Raptors should have an edge in the competition for Ibaka, tweets Josh Lewenberg of TSN Sports. The Nets are limited to the taxpayer mid-level exception of $5.7MM, and although the Clippers have the full MLE of $9.3MM, Toronto is expected to make a larger offer, although only for one year to preserve cap room for next summer’s free agent market.
Ibaka, 31, averaged 15.4 points and 8.2 rebounds in 55 games last season. Gasol, 35, averaged 7.5 PPG and 6.3 RPG in 44 games.
Free Agent Rumors: Bogdanovic, Hawks, Batum, Lin, Hernangomez
Sources remain confident that the Hawks are in a strong position to sign Bogdan Bogdanovic, according to Chris Kirschner of The Athletic. Kirschner says he has heard that a deal for Bogdanovic could be in the four-year, $72MM range, which is the same ballpark identified by Brian Windhorst of ESPN earlier this week.
The Hawks are believed to still have about $20MM in cap room available, so they have the flexibility necessary to make a move for Bogdanovic. However, he remains a restricted free agent, so if they sign him to an offer sheet that would tie up their cap space for multiple days, they’ll want to be pretty confident that the Kings won’t match it.
Here are a few more free agency updates:
- Veteran combo forward Nicolas Batum has already received interest from multiple teams, Chris Haynes of Yahoo Sports tweets. The Hornets chose to waive-and-stretch the final year of Batum’s contract in order to sign free agent forward Gordon Hayward.
- Point guard Jeremy Lin wants to return to the NBA and several contenders are interested, Alex Kennedy of Basketball News tweets. Lin spent last season in China, averaging 22.3 PPG, 5.7 RPG and 5.6 APG. Lin was recently spotted working out with Nets players, according to Kennedy, though it’s not certain whether Brooklyn is one of the teams showing interest. He played for the Hawks and Raptors during the 2018/19 season.
- While Malik Beasley got a deal with the Timberwolves done quickly, the team appears willing to be more patient with its other restricted free agent. According to Jon Krawczynski of The Athletic (Twitter link), Minnesota is letting the market play out for Juan Hernangomez to establish the parameters of his potential deal.
Luke Adams contributed to this post.
Nets Signing Jordan Bowden To Exhibit 10 Deal
The Nets have agreed to an Exhibit-10 deal with undrafted guard Jordan Bowden, according to Jeff Garcia of News 4 San Antonio.
Bowden will attend training camp with the team after spending four seasons at Tennessee, averaging 13.7 points, four rebounds and one steal per game last year.
An Exhibit-10 contract, as Garcia explains, is considered a one-year deal worth the league minimum salary. However, the deal comes with a $50K bonus if the player doesn’t make the roster and plays for the team’s G League affiliate instead, which is the traditional route players take with this deal.
Bowden, 23, is a 6-foot-5 guard with impressive range and a physical style of play. He’ll attend a Nets camp that consists of Kevin Durant, Kyrie Irving, Caris LeVert, Spencer Dinwiddie and others, with Brooklyn possessing one of the most talented teams in the league.
Nets Sign Jeff Green To One-Year Deal
NOVEMBER 23: It’s a done deal. The Nets sent out a press release confirming the signing of Green.
NOVEMBER 21: The Nets have reached a one-year agreement with forward Jeff Green, sources tell Shams Charania of The Athletic (Twitter link). He’ll receive the veteran’s minimum of $2.56MM, Michael Scotto of HoopsHype tweets, though it will only count $1.62MM against Brooklyn’s cap.
The journeyman forward was waived by the Jazz last season but had a good run with the Rockets in their small-ball lineups after he signed with them, first on 10-day contracts and then a rest-of-the-season deal.
Green averaged 11.6 PPG and 5.0 RPG in 28.4 MPG during 12 postseason appearances with the Rockets while knocking down 42.6% of his long-range attempts.
Green, 34, met with Houston on Friday, Kelly Iko of The Athletic tweets, but he opted to join another prime playoff contender next season in Brooklyn.
Nets Re-Sign Joe Harris To Four-Year Deal
NOVEMBER 23: The Nets have officially re-signed Harris, the team announced today in a press release.
“From the moment he arrived in Brooklyn, Joe has epitomized what it means to be a Net,” general manager Sean Marks said in a statement. “On the court, Joe has improved every season, and he’s worked diligently over the past four years to become a core member of our team. He is an excellent teammate, and his approach to the game, along with his character, have had a positive impact on all facets of the organization. Off the court, Joe is an outstanding person, and he and his family have become integral parts of our Nets family.”
NOVEMBER 20: The Nets are re-signing free agent Joe Harris to a four-year, $75MM deal, ESPN’s Adrian Wojnarowski tweets. The news of Harris returning to Brooklyn was first reported by Shams Charania of The Athletic (Twitter link).
Harris, one of the league’s top three-point shooters, will help spread the floor alongside the likes of Kyrie Irving and Kevin Durant next season. He averaged 14.5 points, 4.3 rebounds and 30.8 minutes per game last year, shooting 49% from the field and 42% from 3-point range.
In addition to Harris, Irving and Durant, Brooklyn also has Spencer Dinwiddie, Caris LeVert, Jarrett Allen and DeAndre Jordan on its roster entering the 2020/21 season. The team is widely expected to be at the forefront of contention in the Eastern Conference.
The Nets lost swingman Garrett Temple in free agency, who agreed to a one-year contract with Chicago. Plagued by injuries, Brooklyn finished with just a 35-37 record last season, the seventh-best in the East.
Harris’ deal will have luxury-tax implications for the Nets, who project to be well over the tax threshold in 2020/21 and figure to face significant penalties. While those penalties will be reduced if the NBA falls short of its revenue projections, Brooklyn’s current projected tax bill is $47.5MM, per ESPN’s Bobby Marks (Twitter link).
Photo courtesy of USA Today Sports Images.
Free Agent Rumors: Harris, Crowder, Hayward, KCP, Cousins, Hartenstein
There are “strong indications” that the Nets will get a commitment soon from sharpshooter Joe Harris, despite the fact that he’s receiving considerable interest from other suitors, tweets Marc Stein of The New York Times.
As we wait to see if Harris and the Nets come to an agreement, here are a few more free agency rumors:
- After agreeing to re-sign Goran Dragic and Meyers Leonard early in free agency, the Heat are “in the game” to bring back Jae Crowder as well, tweets Tim Reynolds of The Associated Press. Miami is remaining over the cap and prioritizing retaining its own free agents so far this offseason.
- As rumors swirl that Gordon Hayward prefers to land with the Pacers, Marc Berman of The New York Post (Twitter link) hears that the free agent forward has little interest in joining the Hawks.
- Teams that are monitoring Kentavious Caldwell-Pope in free agency expect the Knicks to have interest in the veteran wing, Ian Begley of SNY.tv writes.
- DeMarcus Cousins is receiving some attention from teams early in free agency tonight, sources tell ESPN’s Adrian Wojnarowski (Twitter link). It’s not yet clear which teams may be in the hunt for the former All-Star.
- Free agent big man Isaiah Hartenstein is receiving some interest from the Nuggets, a league source tells Kelly Iko of The Athletic (Twitter link). Denver just lost backup center Mason Plumlee and appears to be in the market for some frontcourt depth.