Jarrett Allen

Cavs To Re-Sign Jarrett Allen To Five-Year Contract

The Cavaliers and restricted free agent center Jarrett Allen are in agreement on a five-year, $100MM contract, his agents tell ESPN’s Adrian Wojnarowski (via Twitter).

A report earlier today had stated that Cleveland was preparing a $100MM offer for Allen. All five years on the new deal will be guaranteed, tweets Chris Fedor of Cleveland.com.

Cleveland traded a first-round pick for Allen in the four-team James Harden blockbuster this past season with the intent of retaining him for years to come. Even after drafting USC big man Evan Mobley with the No. 3 overall pick last Thursday, the Cavs prioritized a new deal for Allen, since the team believes he and Mobley are capable of playing alongside one another.

The Raptors were considered the Cavaliers’ top threat for Allen, but Cleveland wasted no time in negotiating directly with the 23-year-old rather than letting him go out and get an offer sheet.

Allen averaged 13.2 PPG, 9.9 RPG, and 1.4 BPG across 51 contests after the Cavs acquired him. He had been the No. 4 free agent on our top-50 list.

Cavs Preparing $100MM Offer To Jarrett Allen

The Cavaliers are preparing to give restricted free agent Jarrett Allen a five-year offer worth approximately $100MM, Marc Stein of Substack tweets.

Cleveland traded for Allen in the multi-team James Harden blockbuster this past season with the intent of retaining Allen for years to come. The Cavaliers drafted USC big man Evan Mobley with the No. 3 overall pick on Thursday and want to pair him up with Allen to form their long-term frontcourt duo.

The Cavaliers reportedly view the Raptors as their main threat to re-signing Allen but it’s widely speculated that Cleveland would match any offer sheet. The five-year offer would be a preemptive strike by Cleveland’s front office to lock up Allen.

Allen averaged 13.2 PPG, 9.9 RPG, and 1.4 BPG across 51 contests after the Cavs acquired him.

 

Scotto’s Latest: Markkanen, Noel, Raptors, Pistons, L. Williams

The Bulls and Lauri Markkanen are open to working out a sign-and-trade deal that would send him to a new team, league sources tell Michael Scotto of HoopsHype. Chicago issued Markkanen a qualifying offer this week that will ensure he’s a restricted free agent, giving the team some leverage in negotiations.

Scotto identifies the Timberwolves – who have long been on the hunt for a power forward – as one team to watch as a possible sign-and-trade destination for Markkanen. The Spurs and Thunder are also among the teams with Markkanen on their radar, per Scotto. San Antonio and Oklahoma City would have the cap flexibility necessary to issue Markkanen an offer sheet without giving up an asset in a sign-and-trade if they’re confident Chicago won’t match.

Here are a few more updates on free agency from Scotto:

  • Following a strong season in New York, free agent big man Nerlens Noel is expected to draw interest from the Raptors, Knicks, Pistons, and Kings, writes Scotto.
  • The Raptors and Pistons should have a little cap flexibility and will likely look to the free agent market to address the center position. Scotto reiterates that Jarrett Allen and Richaun Holmes are on Toronto’s radar, and names Kelly Olynyk as a potential Detroit target. Some people around the league believe Olynyk will end up signing a deal worth $10-12MM per year, Scotto adds.
  • Despite mutual interest in a new deal between the Hawks and Lou Williams, the three-time Sixth Man of the Year will receive interest from other clubs, including the Pacers and Bucks, says Scotto. Williams is seeking a multiyear deal.

Eastern Rumors: Ball, Rose, Tucker, Portis, Allen, Williams, Fournier, Schroder, Horton-Tucker

The Bulls are looking to make to major additions to shore up their point guard position, according to Jake Fischer of Bleacher Report.

The Bulls have been linked for months to Pelicans point guard Lonzo Ball and there’s thought to be mutual interest between the two sides on a four-year deal worth more than $80MM. If the Pelicans extend a $14.36MM qualifying offer to Ball, he’ll be a restricted free agent — the Bulls would have to give him an offer sheet and hope New Orleans doesn’t match it, or work out a sign-and-trade with the Pels.

The Bulls may have some competition from the Celtics, who have been recently mentioned as a potential Ball suitor after dealing away Kemba Walker. There’s increasing speculation the Celtics will not look to re-sign unrestricted free agent Evan Fournier, says Fischer. That possibility increased significantly after the Celtics agreed to acquire Josh Richardson from the Mavericks.

Chicago is also considering another Derrick Rose reunion and there’s mutual interest. It’s uncertain if the Knicks and head coach Tom Thibodeau can convince Rose, an unrestricted free agent, to re-sign with them if the Bulls make a hard push. However, Chicago will likely need to shed salary in order to bring in both Ball and Rose and the Knicks have plenty of cap room to outbid the Bulls for his services. While that’s a best case scenario in the Bulls’ eyes, they’re intent on adding two point guards this summer, especially with Coby White out indefinitely after undergoing left shoulder surgery, per Fischer.

Fischer offers up a number of other interesting items:

  • The Bucks are interested in bringing back two of their prominent free agents. They’d like to re-sign defensive specialist P.J. Tucker on a contract in the neighborhood of two years and $20MM. They are also hoping to re-sign forward Bobby Portis and the feeling is mutual. Since the Bucks only have Non-Bird rights on Portis, they’d have to use their mid-level exception to give him a starting salary higher than about $4.3MM.
  • The Cavaliers view the Raptors as their main threat to re-signing restricted free agent Jarrett Allen. Toronto’s interest in Allen surfaced last weekend. However, Cleveland is likely to match any offer sheet for Allen. The Raptors are also eying Kings free agent Richaun Holmes.
  • League sources think Lou Williams, one of the league’s top reserves, could re-sign with the Hawks on a veteran’s minimum deal, sys Fischer.
  • The Knicks, who need to add scoring punch, have expressed interest in Fournier. They’ve also been linked to Lakers guards Dennis Schroder and Talen Horton-Tucker. Schroder will be looking for a new home after the Lakers agreed to acquire Russell Westbrook. Previous reports have indicated the Knicks’ potential pursuit of Fournier and Schroder. Horton-Tucker is a restricted free agent after the Lakers extended a qualifying offer, though the team has the option of pulling it off the table.
  • According to SNY.TV’s Ian Begley, there’s support within the Knicks organization to pursue Nets free agent Spencer Dinwiddie and he’s interested in remaining in New York. Devonte’ GrahamKendrick Nunn, and Kyle Lowry are some other potential targets at point guard. At the wing, the Knicks have some interest in the Spurs’ DeMar DeRozan and they’ve had discussions with the Magic this week regarding a potential Terrence Ross trade.

Raptors May Pursue RFA Jarrett Allen

Cavaliers center Jarrett Allen, a restricted free agent this summer, could be a target for the Raptors, according to Shams Charania of The Athletic, who says Toronto is expected to be one of Allen’s “strong” suitors. The Raptors are in clear need of an upgrade at the five spot.

Charania hears that the Cavaliers and Allen are both interested in a long-term agreement, so the Raptors may have to overpay if they hope to pry the 23-year-old Allen away from Cleveland. Charania notes that Toronto has tried to trade for Allen on prior occasions.

The Raptors could create upwards of $25MM in cap room this summer to make a run at Allen, but that would require the team to renounce Kyle Lowry and likely waive Chris Boucher.

After being dealt to Cleveland courtesy of the Nets early in the 2020/21 season as part of the trade that sent All-Star James Harden to Brooklyn, Allen thrived while with the underperforming Cavaliers. He averaged 13.2 PPG, 9.9 RPG, and 1.4 BPG across 51 contests.

Having let veterans Serge Ibaka and Marc Gasol depart for the two Los Angeles teams during the 2020 offseason, the Raptors pivoted by adding Aron Baynes and Alex Len to shore up the middle. Len was eventually waived. When Baynes proved overtaxed, the Raptors opted for small-ball lineups with Boucher frequently playing center.

Cavs Make Jarrett Allen Restricted Free Agent

To no one’s surprise, the Cavaliers have extended a qualifying offer to center Jarrett Allen, making him a restricted free agent, Chris Fedor of the Cleveland Plain Dealer reports.

The QO is worth just over $7.7MM with a cap hold of $11.73MM.

Cleveland acquired Allen in the multi-team James Harden blockbuster with the intention of locking him into a multi-year deal during the offseason. The addition of Allen led the Cavs to bench and eventually buy out Andre Drummond, who will be an unrestricted free agent this summer.

Allen will one of the more attractive names on the restricted free agent market, but a suitor will likely have to deliver a giant offer sheet to him to make the Cavs think twice about matching it.

The 23-year-old Allen averaged 13.2 PPG, 9.9 RPG and 1.4 BPG in 51 games after the trade. Cleveland is expected to retain Allen even if uses the No. 3 pick in next week’s draft on the top big man prospect, USC’s Evan Mobley.

Free Agency Notes: Portis, Forbes, Cap Room, Dinwiddie

Bucks rotation players Bobby Portis ($3.8MM) and Bryn Forbes ($2.4MM) both have player options for the 2021/22 season, but are expected to turn down them in search of new contracts, Michael Scotto of HoopsHype said on his latest podcast with Yossi Gozlan. Since Milwaukee only has Non-Bird rights on both Portis and Forbes, it’ll be a challenge to bring them back, Gozlan notes.

Scotto and Gozlan discussed a handful of other free agency situations on the HoopsHype Podcast, examining the likelihood of P.J. Tucker returning to the Bucks, exploring whether Kyle Lowry is a realistic target for the Pelicans, and suggesting that the Hornets may be in the market for multiple centers – rather than just one – on the free agent market.

Here are a few more items related to the NBA’s upcoming free agent period:

Central Notes: Mobley, Rose, Bulls’ Draft, McDermott, McConnell, Carlisle

Drafting Evan Mobley with the No. 3 pick wouldn’t necessarily mean the Cavaliers would let restricted free agent Jarrett Allen walk, Chris Fedor of the Cleveland Plain Dealer writes. The USC big man is widely considered one of the top four prospects in the draft, and sources tell Fedor the Cavs believe he could thrive at the four or the five, so he should be able to share the frontcourt with a center like Allen. Mobley could also slide over to the middle in some lineups, and his versatility would provide head coach J.B. Bickerstaff with more flexibility.

We have more from the Central Division:

  • The Bulls ought to consider re-signing unrestricted free agent Derrick Rose, K.C. Johnson of NBC Sports Chicago opines. Rose is coming off a strong season and if he’d be willing to accept some or all of their mid-level exception, it would energize the fan base.
  • The Bulls don’t have a first-round pick but they’re approaching the draft with the idea that they could seize an opportunity to move into the first round, Johnson adds. They were also a presence at the combine, searching for a diamond in the rough with the No. 38 overall pick.
  • Re-signing unrestricted free agents Doug McDermott and T.J. McConnell is a major focus for the Pacers this offseason, coach Rick Carlisle said on Tuesday, per Scott Agness of FieldhouseFiles.com (Twitter link). “The priority is to get the new staff in here, work towards good health as much as we can, try to get McConnell and McDermott re-signed if we can do that,” Carlisle said.
  • Carlisle has yet to officially sign his contract but he plans to do so when he arrives in Indiana on July 5. He’s eager to work with the roster and find ways to make the current group better, according to Agness (Twitter links). “Whatever players are presented to me by management or ownership, I really take a great deal in pride and love the challenge of molding that group into the right kind of system,” he said.

Cavs Looking To Move Collin Sexton?

The Cavaliers have begun to explore trade options involving guard Collin Sexton, Jeremy Woo of Sports Illustrated reports.

Sexton is one of the prominent players eligible for a rookie scale extension this offseason. He’s likely to seek a maximum contract, Woo notes, but the Cavaliers have continued to flounder during his first three seasons. The Cavs have gone 19-63, 19-46 and 22-50 during that span.

Jarrett Allen is a restricted free agent and Cleveland is expected to pursue a multiyear deal with the young center it acquired from the Nets this season.

There’s belief around the league that the Cavs would prefer to trade Sexton in order to protect their future cap flexibility, according to Woo. Sexton averaged a team-high 24.3 PPG and 4.4 APG this season.

The fact that the Cavs moved up in the lottery also plays into that notion. They hold the No. 3 pick in the draft and three of the top four prospects are guards — Cade Cunningham, Jalen Green and Jalen Suggs. They could replace Sexton with a player on a rookie contract for the next few years and acquire other assets for him.

Olympic Notes: Spain, Simmons, Nigeria, Turkey, Garland

Veteran center Pau Gasol, who has represented Spain in four Olympic tournaments so far, remains on track to be part of the team in Tokyo, per an Associated Press report. Gasol was one of 18 players included on Spain’s preliminary roster for the Tokyo games, joining his brother – Lakers center Marc Gasol – and Timberwolves point guard Ricky Rubio.

Timberwolves forward Juan Hernangomez, Pelicans big man Willy Hernangomez, and projected first-round pick Usman Garuba are among the other notable names on Spain’s preliminary roster, according to The Associated Press.

Here’s more on the Tokyo Olympics: