Charlotte Hornets Rumors | Hoops Rumors

Miles Bridges Signs Hornets’ Qualifying Offer

July 7th, 2023 at 3:17pm CST by Rory Maher

JULY 7: In a press release confirming that Bridges has signed his qualifying offer to return with the Hornets, president of basketball operations Mitch Kupchak and Bridges himself both put out statements.

“Throughout this process, we have taken a measured and serious approach,” Kupchak said. “Several factors played a part in our decision to bring Miles back, including the conclusion of the legal process, the results of the NBA’s investigation and Miles’ commitment to counseling and community service. Our five-year relationship with Miles has allowed for open and honest dialogue. He has shown remorse, indicated that he has learned from this situation and expressed that it will not happen again. We look forward to Miles rejoining our team.”

Bridges statement reads as follows:

“I sincerely apologize for the pain, embarrassment and disappointment that last year’s incident caused so many people. Time away from the game allowed me to reflect, immerse myself in therapy and prioritize becoming a better person – someone my family and peers can be proud of. I’m grateful to the Hornets and the NBA community for giving me a second chance – most people don’t ever get one and I understand those questioning whether I deserve one. I will do everything I can to earn back the trust and confidence of my teammates, coaches, the Hornets organization and staff, fans, and the Charlotte community. I’m ready to return to work and can’t wait to rejoin my Hornets teammates.”

JULY 2: Restricted free agent Miles Bridges hasn’t been receiving the types of contract offers he was hoping for from the Hornets, so has signed his $7,921,300 qualifying offer in order to become an unrestricted free agent next year, sources tell ESPN’s Adrian Wojnarowski (Twitter links).

As ESPN’s Bobby Marks tweets, signing the one-year qualifying offer would give Bridges the power to veto trades. However, if he were to approve a trade, the team that acquires him would lose his Bird rights.

Shams Charania of The Athletic hears (via Twitter) that a final contract offer was presented on Sunday before talks broke down, but he doesn’t clarify whether that offer came from Charlotte or Bridges’ camp — or perhaps both.

The 25-year-old forward sat out the entire 2022/23 season after facing a felony domestic violence charge. He agreed to a plea deal and was subsequently suspended by the NBA, who will require him to sit out the first 10 games of ’23/24.

Prior to that incident, Bridges was viewed as one of the top free agents of the 2022 class, having averaged 20.2 PPG, 7.0 RPG, and 3.8 APG on 49.1% shooting in 80 games (35.5 MPG) in ’21/22.

Leading into free agency, it was impossible to know exactly how the Hornets and the rest of the NBA would value the former lottery pick, who was selected 12th overall in the 2018 draft. As valuable as Bridges can be on the court, the repugnant behavior he was accused of away from it likely gave potential suitors pause about pursuing him to represent their franchise.

Clearly, the Hornets had the leverage in contract negotiations after Bridges missed the entire season, which made him ineligible to be signed-and-traded. None of the teams with cap room decided to pursue him, but maybe that will change in 2024 if he has a strong season without further legal trouble.

Bridges was No. 8 on our list of 2023’s top 50 free agents.

Hornets Sign LaMelo Ball To Five-Year Max Extension

July 6th, 2023 at 4:04pm CST by Alex Kirschenbaum

JULY 6: The Hornets and Ball have officially finalized their deal, with the team issuing a press release to confirm the signing.

JULY 1: The Hornets and LaMelo Ball are finalizing a five-year designated rookie extension that will be worth the maximum salary, according to Shams Charania of The Athletic (Twitter link). Agent Sam Permut tells Adrian Wojnarowski of ESPN (Twitter link) that the two sides have reached an agreement.

Ball’s starting salary on the new deal will pay him at least 25% of the 2024/25 cap. Charania’s report suggests there will be Rose Rule language that could increase that figure to 30% of the cap if Ball earns All-NBA honors next season.

The exact value of the contract will depend on where the ’24/25 cap lands and whether Ball meets the Rose Rule criteria, but even in a worst-case scenario, it will be worth well north of $200MM. In a best-case scenario (30% starting salary, 10% cap increase), it would be worth $260MM.

Charlotte selected the 6’7″ point guard with the third overall pick in the 2020 draft. He immediately emerged as a lethal and creative scorer all over the floor, and was named the 2020/21 Rookie of the Year despite being limited to just 51 out of 72 possible games (31 starts) in his first season due to injuries.

Ailments have been a recurring theme in Ball’s young career, outside of a relatively healthy 75-game run in 2021/22, during which he made his first All-Star team as an injury replacement.

A right ankle fracture ended his 2022/23 campaign early. He played in just 36 contests for the 27-55 Hornets. When Ball did play last year, he remained his stellar statistical self, though it didn’t particularly contribute to winning. He notched 23.3 PPG on .411/.376/.836 shooting splits, 8.4 APG, 5.4 RPG and 1.3 SPG.

Charlotte is undergoing some major changes this summer. The team selected highly-touted Alabama forward Brandon Miller, widely considered to be another All-Star caliber prospect, using the second pick in this year’s draft. Former longtime majority owner Michael Jordan also sold most of his shares in the club to a new ownership group, led by tech investor Ian Loring and several notable North Carolinians. The Hall of Famer will still retain a stake in the franchise moving forward.

Aaron Holiday Signs One-Year Contract With Rockets

July 6th, 2023 at 12:32pm CST by Rory Maher

JULY 10: The signing is official, according to a team press release.

JULY 6: Aaron Holiday is signing a one-year contract with the Rockets, sources tell ESPN’s Adrian Wojnarowski (Twitter link).

Michael Scotto of HoopsHype reported earlier today that the Hornets and Rockets were among the teams interested in the free agent guard.

Holiday spent his first three NBA seasons with the Pacers, the team that selected him 23rd overall in the 2018 draft. He was sent to the Wizards two years ago as part of the massive five-team deal that saw Russell Westbrook head to the Lakers, and was later sent to the Suns at the 2022 trade deadline for cash.

Phoenix chose not to give Holiday a qualifying offer last summer in order to make him a restricted free agent, and he wound up signing a one-year deal for the veteran’s minimum with the Hawks. Kelly Iko of The Athletic reports (via Twitter) that the combo guard will once again be on a minimum-salary contract.

The Rockets were on the lookout for guard depth after trading TyTy Washington and Josh Christopher (to different teams) and releasing Daishen Nix, Iko adds (Twitter link).

Holiday, 26, appeared in 63 games for the Hawks in 2022/23, but his role was quite limited, averaging career lows in points (3.9) and assists (1.4) in 13.4 minutes per contest. The 6’0″ guard is a 37.7% career three-point shooter and converted 36 of his 88 attempts last season (40.9%).

Fischer’s Latest: Bridges, Washington, Pelicans, Dosunmu, More

July 5th, 2023 at 9:21pm CST by Rory Maher

Prior to signing his $7.9MM qualifying offer, Miles Bridges was seeking around $25MM per year in talks with the Hornets, sources tell Jake Fischer of Yahoo Sports. However, Charlotte was unwilling to approach that figure, which is why Bridges’ representatives quickly opted for unrestricted free agency in 2024.

Bridges was ineligible to be included in a sign-and-trade because he wasn’t on the team’s roster last season, having missed all of 2022/23 after facing a felony domestic violence charge. He agreed to a plea deal and was subsequently suspended by the NBA, who will require him to sit out the first 10 games of ’23/24.

Prior to that incident, Bridges was viewed as one of the top free agents of the 2022 class, having averaged 20.2 PPG, 7.0 RPG, and 3.8 APG on 49.1% shooting in 80 games (35.5 MPG) in ’21/22. There was talk of him receiving $30MM annually in an offer sheet last year, according to Fischer, with the Pacers, Pistons and Grizzlies all linked to the 25-year-old forward.

Here’s more from Fischer’s latest story for Yahoo Sports:

Hornets restricted free agent forward P.J. Washington might have to wait a while in order to find the type of contract he’s seeking, and it might have to come via sign-and-trade. Marc Stein first reported that the former first-round pick is seeking around $18MM annually. According to Fischer, Washington is looking for $80MM over four years. Fischer writes that several agents seem to be pointing to Keldon Johnson‘s rookie scale extension with the Spurs as a benchmark of sorts in negotiations.
The Pelicans continue to gauge the trade market for reserve guard Kira Lewis Jr. and starting center Jonas Valanciunas, sources tell Fischer. Lewis is entering the final year of his rookie scale contract and could become a restricted free agent next summer, while Valanciunas’ $15.4MM deal is expiring.
Fischer hears the recent conversations between the Hawks and Raptors haven’t been very productive when it comes to a potential Pascal Siakam deal. On an unrelated note, Fischer also reports there’s optimism within Atlanta’s organization that the team will be able to extend Dejounte Murray.
The Raptors have expressed interest in Bulls guard Ayo Dosunmu, Fischer reports. However, it’s unclear if they’ll try to make a run at the restricted free agent via an offer sheet or sign-and-trade.
Like other reporters, Fischer has heard there’s mutual interest in a reunion between the Sixers and restricted free agent big man Paul Reed.

Stein’s Latest: RFAs, Washington, Mavs, Bol, JVG, Bojan

July 5th, 2023 at 2:23pm CST by Luke Adams

There has been more buzz in recent days about restricted free agents Grant Williams and Matisse Thybulle – who reportedly intends to sign an offer sheet with Dallas – than Hornets RFA P.J. Washington, Marc Stein writes in his latest Substack article. As Stein explains, there are a couple reasons for that.

For one, the Hornets are in a better position to a match a rival offer sheet than Boston or Portland. The Celtics project to be well over the luxury tax line, while the Trail Blazers still aren’t certain what their books will look like after they finalize a Damian Lillard trade.

Additionally, while the Celtics and Trail Blazers would both have to weigh whether or not to match offer sheets signed using the mid-level exception, such a deal would presumably be an automatic match for the Hornets with Washington. According to Stein, Washington is believed to be seeking a deal in the range of $18MM per year.

Here’s more from Stein:

Following up on a report that the Magic and Mavericks discussed a trade involving Bol Bol around the time of the draft, Stein explains that Dallas pitched the idea of taking on Bol as a salary dump along with Orlando’s No. 36 overall pick. The Magic turned down that proposal and ended up moving No. 36 for a 2030 second-round pick and cash.
Jeff Van Gundy, who was recently let go by ESPN, told the Mavericks he wasn’t interested in a job as an assistant on Jason Kidd‘s coaching staff, according to Stein, who says that it’s not yet known whether Van Gundy will attempt to return to coaching in some form or seek another broadcasting opportunity.
While teams around the league remain interested in acquiring forward Bojan Bogdanovic, the Pistons have held firm on their stance that they plan to keep the sharpshooting veteran, says Stein. There seems to be little concern about the Achilles issue that sidelined Bogdanovic for Detroit’s final 18 games, Stein adds, noting that the general sense is that the Pistons were just being “extra cautious,” with little to play for.

Celtics Rumors: G. Williams, Brown, Porzingis, Brogdon

July 4th, 2023 at 3:09pm CST by Luke Adams

The Celtics still have at least two major pieces of business to deal with in the coming days, according to Jared Weiss of The Athletic, who hears that team and league sources anticipate resolution on Grant Williams‘ restricted free agency before Jaylen Brown‘s contract extension.

The Hawks, Hornets, Mavericks, Knicks, and Wizards all remain contenders for Williams, says Weiss, noting that either a sign-and-trade deal or a mid-level offer has been considered the likeliest outcome for the RFA forward.

Multiple league sources tell Weiss they believe the Celtics would consider matching any offer worth up to the full non-taxpayer mid-level, but the team may not have the appetite to go much higher than that. If a rival suitor wants Williams badly enough, negotiating a sign-and-trade would ensure there would be no risk of Boston matching an offer sheet, but the Celtics have been seeking a first-round pick in sign-and-trade talks, Weiss reports.

Here’s more on the Celtics:

Weiss reiterates a point made by ESPN’s Brian Windhorst, writing that even though Brown is eligible for a super-max contract extension, there are details to negotiate, including whether or not the deal will include incentives and whether it will feature a player option. While negotiations are expected to “pick up steam” soon, the sense is that once Williams’ situation is resolved, the Celtics will have a clearer picture of how they’ll build around Brown’s extension, Weiss explains.
Kristaps Porzingis, who will earn $36MM in 2023/24, is expected to earn approximately $28.8MM in ’24/25 and $31.2MM in ’25/26 on his new two-year, $60MM extension. As Weiss writes, that pay drop will help the Celtics manage their tax situation and potentially avoid the second tax apron in future seasons, depending on what happens with Brown and Williams.
While one weekend report indicated the Celtics aren’t trying to move Malcolm Brogdon, Weiss doesn’t believe the possibility of a Brogdon deal has been entirely ruled out. If Boston were to deal Brogdon or Williams (via sign-and-trade), the team would likely prioritize acquiring a ball-handler who could complement Derrick White in the backcourt, Weiss says.

Washington, Williams, Thybulle Among RFAs Still Available

July 4th, 2023 at 1:00pm CST by Luke Adams

Of the eight free players on our list of top 50 free agents who have yet to reach new deals, five are restricted free agents. Those five restricted free agents are also the only ones still available at all (not including those coming off on two-way deals). Those players are as follows:

P.J. Washington (Hornets)
Grant Williams (Celtics)
Matisse Thybulle (Trail Blazers)
Ayo Dosunmu (Bulls)
Paul Reed (Sixers)

While I’m sure these five players would’ve preferred to agree to lucrative new contracts in the opening hours of free agency, it’s not necessarily an ominous sign that they’ve yet to line up new deals four days later. It can sometimes take a little longer for the market for restricted free agents to develop, but it doesn’t mean they won’t get paid.

A year ago, for instance, Deandre Ayton didn’t sign his maximum-salary offer sheet with the Pacers (which was quickly matched by the Suns) until July 14, two weeks after the start of free agency. Collin Sexton, who received a four-year, $71MM in a sign-and-trade deal that sent him to Utah as part of the Donovan Mitchell blockbuster, didn’t resolve his restricted free agency until September.

The same thing happens with a few restricted free agents just about every year. In 2021, RFAs like Josh Hart (three years, $38MM) and Lauri Markkanen (four years, $67MM) took multiple weeks to reach new contract agreements.

In other words, there’s still plenty of time for Washington, Williams, Thybulle, Dosunmu, and Reed to find deals they like.

Washington, Williams, and Thybulle, in particular, seem like good bets to cash in sooner or later. A report over the weekend indicated that Washington was drawing interest from multiple teams besides the Hornets. Williams has reportedly received interest from Charlotte and Dallas, with the Mavericks also said to be keeping an eye on Thybulle.

It would be a surprise if any of them had to settle for a below-market deal. It sounds like teams are still in the process of figuring out if an offer sheet will be an exercise in futility or if there’s a legitimate chance to pry away one of those players from his current club — and if so, what the price point would be.

There hasn’t been as much chatter about Dosunmu or Reed, but there haven’t been any red flags on either front. Their qualifying offers ($5.2MM for Dosunmu; $2.3MM for Reed) remain in place as one-year fallback options.

The Spurs are the one team that still has enough cap room to make a strong play for any of those top RFAs, if they so choose. The Rockets may also be able to offer more than the full mid-level, depending on how all their moves shake out, and teams below the tax apron are free to try to negotiate sign-and-trades.

It has become pretty rare for restricted free agents to change teams via offer sheets, but sign-and-trade deals aren’t uncommon — they get the player to his preferred landing spot while ensuring that his old team picks up an asset or two.

There are still several unrestricted free agents whose landing spots will be worth watching too, including Christian Wood, Kelly Oubre, Hamidou Diallo, Jaylen Nowell, and Dario Saric. But at this point in free agency, it’s the RFA market that looks more intriguing.

Nick Smith Signs Rookie Contract With Hornets

July 2nd, 2023 at 4:31pm CST by Dana Gauruder

Nick Smith Jr. has signed his rookie contract with the Hornets, according to the NBA transactions log.

The 6’5” guard out of Arkansas, who missed nearly two months of his lone college season due to a knee injury, will receive $2,463,960 if he signed for the usual 120% of the rookie scale amount at his slot.

The 27th overall pick will make $12,651,907 over his first four NBA seasons if the team options are eventually exercised for the final two years.

Smith was the second of Charlotte’s two first-round picks. The Hornets drafted potential franchise player Brandon Miller with the No. 2 pick.

Smith could jump right into the Hornets’ rotation as LaMelo Ball‘s backup.

Checking In On NBA’s Top Remaining Free Agents

July 2nd, 2023 at 7:29am CST by Luke Adams

Technically, most of this year’s top free agents remain unsigned. Until the moratorium in place at the start of the 2023/24 league year lifts at 11:01 am Central time on July 6, most of them are ineligible to sign their new contracts.

However, within the last 40-ish hours, 36 of the players from our list of 2023’s top 50 free agents have taken themselves off the market by reaching contract agreements with teams around the league.

[RELATED: 2023 NBA Free Agent Tracker]

While those are just tentative agreements and could still fall apart, that usually doesn’t happen more than once or twice in a given offseason, so it’s safe to pencil those deals in for the time being and assume those free agents are off the board.

So who does that leave? As of early Sunday morning, here are the top free agents from our top-50 list who have yet to agree to new deals:

Miles Bridges, F, Hornets (RFA)
P.J. Washington, F, Hornets (RFA)
Grant Williams, F, Celtics (RFA)
Christian Wood, F/C
Kelly Oubre, F
Eric Gordon, G
Malik Beasley, G/F
Matisse Thybulle, F, Trail Blazers (RFA)
Lonnie Walker, G/F
Mason Plumlee, C
Ayo Dosunmu, G, Bulls (RFA)
Torrey Craig, F
Hamidou Diallo, G
Paul Reed, F/C, Sixers (RFA)

The Hornets are very much in the mix for all three of the remaining free agents in our top 20. As long as their qualifying offers to Washington and Bridges remain on the table, they control those players’ free agencies, with the ability to match any offer sheet they sign.

A report on Saturday indicated Charlotte is also mulling the possibility of an offer sheet for Williams. If the Hornets went ahead with a pursuit of the Celtics forward, it would presumably mean moving on from at least one of Bridges or Washington. According to Michael Scotto of HoopsHype, Washington has received interest from a few other teams and may be looking at a deal in the range of the one Rui Hachimura got from the Lakers (three years, $51MM).

Since being restricted can slow down the free agency process for players who don’t quickly negotiate a deal with their own teams, it’s possible there won’t be resolution right away for Thybulle, Dosunmu, and Reed. However, the rest of the players in this group are unrestricted and could move faster.

Scotto also has an update on Beasley, reporting today that the veteran shooter has drawn interest from the Sixers, Suns, Raptors, Mavericks, Bucks, and Warriors since reaching free agency. Some of those teams are limited to a minimum-salary offer.

The Kings and Pistons are among the teams that have displayed interest in Craig, according to Scotto, who notes that Detroit’s new head coach Monty Williams was a fan of the wing in Phoenix.

The following free agents were noted in the honorable mention section of our top-50 list and aren’t yet spoken for:

Mohamed Bamba, C
Dalano Banton, G
Terence Davis, G
Javonte Green, G
Derrick Jones, F
Cory Joseph, G
Romeo Langford, G/F
Jaylen Nowell, G
Kendrick Nunn, G
Dario Saric, F

Here are our full lists of free agents by position/type and by team.

Free Agency Rumors: G. Williams, Hornets, VanVleet, Blazers, Tavares

July 2nd, 2023 at 12:17am CST by Luke Adams

The Hornets are mulling the possibility of an offer sheet for Celtics restricted free agent forward Grant Williams, sources tell Michael Scotto of HoopsHype (Twitter link). Williams has also drawn some interest from the Mavericks, according to Scotto.

The Hornets are currently operating as an over-the-cap team, which means they could offer up to the full $12.4MM mid-level exception in a deal for Williams. They have a potential path to creating cap room to make a stronger bid, but it would require renouncing the cap holds for multiple free agents, including their own RFA forwards P.J. Washington and Miles Bridges. The Hornets have also engaged in contract discussions with Washington, Scotto reports.

Here are a few more free agency notes and rumors from around the NBA:

The third and final season of Fred VanVleet‘s new three-year deal with the Rockets will be a team option, according to Jackson Gatlin of Locked on Rockets (Twitter link). A non-guaranteed third year makes the deal look considerably more team-friendly — and considerably more like the two-year offer the Rockets were originally said to be preparing for the veteran point guard.
Veteran center Edy Tavares, a second-round pick in 2014, has received a contract offer from the Trail Blazers, sources tell Donatas Urbonas of BasketNews.com. Tavares played just 13 games during his initial NBA stint, but is apparently earning another look after several strong seasons with Real Madrid, with whom he has won two EuroLeague titles and earned three All-EuroLeague First Team nods. However, Tavares’ contract includes a significant buyout, which may preclude a move stateside, Urbonas explains. His deal with Real Madrid will expire in 2024 if he doesn’t sign an extension before then.
Donte DiVincenzo drew “strong” interest from three other teams during his free agency before he agreed to sign with New York, reports Ian Begley of SNY.tv (Twitter link). While DiVincenzo’s Villanova connection to Jalen Brunson and Josh Hart was a factor in his decision to join the Knicks, he also believes his new team can be a contender. “He wants to win and has a great opportunity to do so in New York,” a source said to Begley.