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Suns Spokesperson Denies Team Hiring Isiah Thomas

February 7th, 2023 at 7:50pm CST by Rory Maher

7:50pm: A spokesperson for Ishbia tells Duane Rankin of The Arizona Republic (Twitter link) that while Ishbia and Thomas are friends, Thomas will not be part of the Suns’ front office.

7:02pm: New Suns owner Mat Ishbia is planning to hire NBA TV analyst Isiah Thomas for a “prominent role” in the team’s front office, sources tell Chris Haynes of Bleacher Report and TNT (Twitter link).

According to Mike Vorkunov of The Athletic (Twitter link), Thomas is on the board of directors of United Wholesale Mortgage, Ishbia’s company, so the two are obviously familiar with one another.

Thomas, who is in the Hall of Fame, is widely considered one of the greatest point guards in NBA history. He spent his entire 13-year career with the Pistons, which included two championships and 12 All-Star appearances.

The 61-year-old became a front office executive with the Raptors from 1994-97 after his playing days ended. Thomas also coached the Pacers from 2000-03 and was the Knicks’ president of basketball operations from 2003-08 (and their coach from 2006-08), so he certainly has a lot of experience.

However, his time in New York was controversial. As Vorkunov notes (via Twitter), in 2007 a Manhattan jury found that Thomas sexually harassed a former Knicks executive, who was improperly fired for reporting the unwanted behavior. The victim was awarded $11.6MM as part of the lawsuit.

Thomas’ tenure with the Knicks was also lousy from an on-court perspective. The team went just 151-259 during his five seasons as the lead basketball executive, a .368 winning percentage.

Hiring someone accused of sexual harassment and creating a hostile working environment is a pretty terrible look for Ishbia’s first move as an owner, considering the reason he was able to buy the Suns is because former owner Robert Sarver was suspended for one year and fined $10MM for engaging in behavior that “clearly violated common workplace standards.”

Kings Acquire Kessler Edwards From Nets

February 7th, 2023 at 6:05pm CST by Luke Adams

6:05pm: The trade is now official, the Nets announced in a press release. Brooklyn received the draft rights to David Michineau, who currently plays for Napoli Basket in Italy’s Lega Basket Serie A, to complete the deal.

3:39pm: The Kings and Nets have finalized an agreement, a league source tells James Ham of The Kings Beat (Twitter links). Ham confirms that Sacramento will end Burton’s 10-day contract a little early to open up a roster spot for Edwards.

2:54am: The Kings and Nets are close to reaching an agreement on a trade that would send forward Kessler Edwards to Sacramento, reports Shams Charania of The Athletic (Twitter link).

According to Adrian Wojnarowski of ESPN (Twitter link), the deal will send Edwards and cash to Sacramento. It’s essentially a salary dump, since moving off Edwards’ minimum-salary contract will save the Nets approximately $8MM in salary and tax money in addition to opening up a roster spot, per Wojnarowski.

As Wojnarowski notes, Edwards must sign off on the trade, since the terms of his deal with Brooklyn give him the ability to veto a trade. He intends to approve it, according to Woj (Twitter link).

The 44th overall pick in the 2021 draft, Edwards signed a two-year contract with the Nets this past offseason after spending his rookie year on a two-way deal that includes a second-year team option. He showed promise in a limited role last season, averaging 5.9 PPG and 3.6 RPG on .412/.353/.842 shooting.

However, Edwards hasn’t seen regular playing time in 2022/23, logging 79 total minutes across 14 contests. He has scored just 15 points on 6-of-24 (25.0%) shooting for the season.

It’s unclear whether Edwards will finish the season with Sacramento. According to Wojnarowski, the club’s plan for now is to give him the opportunity to play for its G League team, the Stockton Kings, but Woj says his future remains “fluid” with two days to go until the trade deadline. It sounds like if Sacramento needs to open a roster spot at the deadline, Edwards would probably be the odd man out.

The Kings technically have a full 15-man roster for now, but one of those spots is occupied by Deonte Burton, who is on a 10-day contract that expires Wednesday night. His deal may be terminated a little early to accommodate the acquisition of Edwards.

As for the Nets, they’ll create a trade exception worth approximately $1.6MM (Edwards’ salary), but the financial savings and the newly opened roster spot will likely end up being more valuable than that exception.

Kevin Durant Expected To Be Out Through All-Star Break

February 7th, 2023 at 5:32pm CST by Rory Maher

Nets star Kevin Durant, who is currently sidelined with a sprained MCL in his right knee, is expected to remain out through the All-Star break, reports Adrian Wojnarowski of ESPN (via Twitter).

Brooklyn has five more games before the break, so Durant will miss at least those contests. The team resumes post-break on February 24 against Chicago.

Durant, who was named an All-Star for the 13th time last month, will also miss the exhibition event, tweets Chris Haynes of Bleacher Report. An injury replacement will likely be named soon to take his place.

Head coach Jacque Vaughn told reporters, including Brian Lewis of The New York Post (Twitter link), that Durant received a “really good report” from doctors. The veteran forward has been doing some on-court work, but hasn’t been taking contact yet.

Before Wojnarowski broke the news, Vaughn also suggested that Durant was looking unlikely to suit up before the break.

“I won’t step over that line…but the days are adding up,” Vaughn said (Twitter link via Alex Schiffer of The Athletic).

A couple of reports over the past couple weeks indicated that Durant was hopeful to return shortly before the mid-season event, but it makes sense for the Nets to be cautious with their best player. In addition to being 34 years old, Durant has had extended injury absences in each of the past three seasons after tearing his Achilles tendon in 2019.

In other injury news for the Nets, forward Yuta Watanabe will be out for Tuesday’s game against Phoenix due to back tightness and is scheduled to undergo an MRI on Wednesday, per ESPN’s Nick Friedell (Twitter link).

Mat Ishbia Officially Becomes Suns’ Owner

February 7th, 2023 at 3:11pm CST by Dana Gauruder

FEBRUARY 7: Ishbia has officially completed the purchase of a majority stake in the Suns, the team announced today in a press release.

“This is the culmination of a lifelong dream. I love the game of basketball deeply but it’s so much more than that for me,” he said in a statement. “Throughout my life, basketball has given me a second family, an education, and so much joy. I am honored to be the next steward of this community’s franchises in the Phoenix Suns and Phoenix Mercury and am totally committed to building an incredible organization on and off the floor.”

Ishbia and his group paid $2.28 billion for a 57% stake in the team, sources tell Baxter Holmes of ESPN. That’s the equivalent of a $4 billion valuation. Sarver received $1.48 billion for his 37% stake in the club, Holmes adds.

FEBRUARY 6: Mat Ishbia has been approved by the NBA’s Board of Governors as the Suns’ new owner, according to a league press release. The transaction is expected to close this week.

As Shams Charania of The Athletic tweets, the vote was 29-0 with the Cavaliers abstaining. Dan Gilbert, Cleveland’s owner, is also the majority owner of Rocket Mortgage. Ishbia is the chairman and CEO of United Wholesale Mortgage, which – like Rocket Mortgage – is based in Michigan.

Mat Ishbia and his brother Justin agreed to buy the Suns and the WNBA’s Phoenix Mercury from Robert Sarver at a valuation of approximately $4 billion. Sarver, who was suspended by the league for a year and fined $10MM for behavior that “clearly violated common workplace standards,” subsequently decided to sell his controlling stake in the franchise.

Ishbia reached an agreement with Sarver in December.

Typically, it takes at least a couple months for the NBA to officially approve and complete the sale of a franchise because the process involves extensive criminal, financial, and background checks on prospective buyers, who also have to meet with the NBA’s advisory and finance committees.

Ishbia is reportedly eager for the Suns to seek upgrades prior to Thursday’s deadline and his impact may have already been felt, as Phoenix pursued a trade for Kyrie Irving.

Ishbia’s agreement to buy the Suns will give him control of more than 50% of the franchise, as he and his group are also buying out some of the minority shareholders.

Nets Telling Teams They Don’t Plan To Trade Durant At Deadline

February 7th, 2023 at 2:02pm CST by Luke Adams

Following the completion of the trade that sent Kyrie Irving to Dallas, the Nets and star forward Kevin Durant are having conversations about the franchise’s direction, according to Adrian Wojnarowski of ESPN (Twitter link).

While Durant’s future has been a popular topic of speculation around the NBA since Irving asked to be traded last Friday, there are now just 48 hours to go until the 2023 trade deadline and there has been no indication that KD will follow suit and submit a trade request of his own.

In fact, the Nets have been telling teams that they don’t plan to trade Durant this week, sources tell Wojnarowski, who adds (via Twitter) that multiple clubs have reached out to inquire.

Durant, of course, asked the Nets to trade him last summer, but after the front office unsuccessfully sought out a suitable deal for the better part of two months, he rescinded that request and he and the team agreed to “move forward” with its partnership.

Because Durant and Irving are known to be close and originally came to Brooklyn together in 2019, rival teams have been keeping a close eye on how Durant handles Kyrie’s departure. ESPN’s Brian Windhorst said on SportsCenter on Monday that Durant was “upset” when Irving asked for a trade, though Windhorst admitted he wasn’t sure whether the 34-year-old’s alleged displeasure was directed more at Kyrie or the Nets (hat tip to RealGM).

There has been a sense that if Durant asks out again, it’s more likely to happen in the offseason than right away. Even then, the Nets would be under no pressure to immediately grant the former MVP’s request, given that he’s under contract through 2026. Durant’s long-term deal and lack of leverage was thought to be a primary reason why Brooklyn opted to keep him this past offseason.

Having acquired two veterans – Spencer Dinwiddie and Dorian Finney-Smith – in the Irving trade who are capable of contributing immediately, the Nets are believed to be focused on remaining in contention in the short term and are reportedly scouring the trade market for upgrades to their roster.

Heat Trade Dedmon, Second-Round Pick To Spurs

February 7th, 2023 at 1:53pm CST by Luke Adams

1:53pm: The Spurs have officially acquired Dedmon and the Heat’s 2028 second-round pick from Miami in exchange for cash considerations, they announced in a press release.

As Bobby Marks of ESPN tweets, the belief is that the Heat are getting $110K, which is the minimum amount a team can send or receive in a trade.

10:25am: The Heat and Spurs have agreed to a trade that will send center Dewayne Dedmon to San Antonio along with a future second-round pick, reports Shams Charania of The Athletic (Twitter link). The second-rounder will be Miami’s 2028 pick, per Anthony Chiang of The Miami Herald (Twitter link).

Dedmon, 33, re-signed with the Heat last summer and began the season as the club’s primary backup center behind Bam Adebayo. However, he lost his spot in the rotation to two-way rookie Orlando Robinson and was suspended for one game by Miami last month for a sideline outburst. The Heat had reportedly been shopping him in trade talks in recent weeks.

For the season, Dedmon has averaged 5.7 points and 3.6 rebounds per game in 30 appearances (11.7 MPG).

The Spurs remain well below the salary cap (and floor), giving them the ability to take on Dedmon’s $4.7MM salary without sending out any players of their own. They also have an open spot on their 15-man roster, so no corresponding move will be necessary to create room for Dedmon.

From the Spurs’ perspective, the deal essentially comes down to sacrificing some of their cap space for the rights to a future draft pick. Dedmon’s $4.3MM salary for 2023/24 is non-guaranteed, so he’s a good bet to be waived after the trade is official — San Antonio won’t owe him any money beyond this season.

For Miami, the move generates additional roster and cap flexibility. The Heat have spent the season carrying just 14 players, with a team salary about $200K below the luxury tax line. Moving Dedmon will give the team significantly more breathing room below the tax threshold to make trades or signings.

Even if the Heat don’t need that flexibility this week for a pre-deadline deal, they’ll have the ability to sign free agents to fill both their 14th and 15th roster spots without having to worry about becoming a taxpayer. Robinson is a candidate to be promoted to the standard roster to claim one of those openings.

Teams are permitted to carry below 14 players on standard contracts for up to two weeks at a time, so the Heat would have 14 days to add a 14th man after the trade becomes official.

To make the trade legal, the Spurs will have to send something to Miami, but since this is essentially just a salary dump, San Antonio’s outgoing piece is unlikely to be anything of real value — it could be a heavily protected draft pick, the rights to a draft-and-stash player who won’t ever play in the NBA, or a small amount of cash. Tim Reynolds of The Associated Press (Twitter link) hears that it’ll be the latter.

The Heat will generate a trade exception worth $4.7MM (Dedmon’s salary) as a result of the deal.

Nets Trade Kyrie Irving To Mavericks

February 6th, 2023 at 5:32pm CST by Luke Adams

FEBRUARY 6: Despite efforts by the Nets to expand the deal and involve a third team, the trade remains a two-team swap and is now official, Shams Charania of The Athletic tweets.

The Mavericks’ PR department confirms the trade is official in a tweet.

Nets GM Sean Marks issued a statement, Chris Milholen of Nets Daily tweets, saying in part, “We’re excited to add Spencer and Dorian to our roster, while also securing draft compensation that will increase our flexibility moving forward.”

FEBRUARY 5: The Nets and Mavericks have agreed to a trade that will send point guard Kyrie Irving to Dallas, reports Shams Charania of The Athletic (Twitter link).

According to Charania (Twitter link) and Adrian Wojnarowski of ESPN (Twitter links), Brooklyn will receive guard Spencer Dinwiddie, forward Dorian Finney-Smith, an unprotected 2029 first-round pick, a 2027 second-round pick, and a 2029 second-round pick in the swap. Those draft picks will all be the Mavericks’ own.

The Nets will also send forward Markieff Morris to the Mavs, Charania adds.

News of the agreement between the two teams comes just two days after word broke that Irving had requested a trade out of Brooklyn following failed negotiations on a contract extension. Reports at that time indicated that the All-Star guard had conveyed to the Nets that he planned to leave in free agency if he wasn’t dealt by the February 9 trade deadline.

The Nets wasted little time accommodating Irving’s request, having perhaps grown weary of the drama that has surrounded the 30-year-old since his arrival in Brooklyn in 2019. During those three-and-a-half years, Irving has missed significant time due to injuries, taken personal leaves of absence, refused to get vaccinated against COVID-19 despite a New York City mandate that prevented him from playing in home games, and served a team-issued suspension for promoting an antisemitic film on social media.

On the court, Irving played at his usual high level in 143 total games as a Net, averaging 27.1 points, 5.8 assists, and 4.8 rebounds per night with a .489/.396/.909 shooting line in 35.8 minutes per game. However, his and Kevin Durant‘s brilliance didn’t translate to much postseason success — Brooklyn has won just a single playoff series since adding the two stars in 2019.

By trading Irving for a package that includes both veteran players and future draft picks, the Nets – who currently occupy the fourth seed in the East at 32-20 – will set themselves up to remain in contention this year while also securing some assets for the future. Kyrie was set to become an unrestricted free agent this summer, but Dinwiddie is under contract for another season and Finney-Smith’s deal runs all the way through 2025/26 (the final year is a player option).

The Mavs, meanwhile, will get the co-star they wanted for All-NBA guard Luka Doncic and their new-look backcourt should be the NBA’s most dynamic, though the move carries substantial risk. The trade will cost Dallas two of its most reliable rotation players, with Dinwiddie having averaged 17.7 PPG on .455/.405/.821 shooting and Finney-Smith handling key defensive assignments on the wing.

Additionally, while Irving could technically sign a two-year extension with the Mavs anytime before June 30, Sam Amick of The Athletic reported earlier today that Kyrie’s preference is to play out the current season and seek a longer-term maximum-salary contract as a free agent, so Dallas may have to take its chances with the mercurial star this summer. Obviously, the organization will be motivated to make it work with Irving — the front office wouldn’t have paid this price if it expected him to be a rental.

According to Marc Stein (Twitter link), the Mavericks consulted with Doncic before agreeing to trade for Irving, who is said to be “ecstatic” to join forces with Luka in Dallas, per Chris Haynes of Bleacher Report (Twitter link). Mavs president of basketball operations Nico Harrison, formerly a top Nike executive, has a long-standing relationship with Kyrie, notes Wojnarowski (Twitter link).

Both the Mavericks and Nets were already on track to be taxpayers this season, but because Irving ($36.9MM) and Morris ($1.8MM) have a higher combined cap hit than Dinwiddie ($20.2MM) and Finney-Smith ($12.4MM), the move will reduce Brooklyn’s projected end-of-season tax bill by about $26.5MM and increase Dallas’ by nearly $29MM, per Yossi Gozlan of HoopsHype (Twitter links).

Irving and Finney-Smith have trade bonuses in their contracts. Irving’s is worth 15% of his remaining salary, while Finney-Smith’s is worth 5%. There has been no indication yet that either player will waive or reduce his bonus.

The Lakers, Clippers, and Suns were also said to have interest in Irving, so the Mavs beat out several Western Conference rivals to land him. According to Wojnarowski (Twitter link), the Lakers and Nets had several conversations about a possible deal, but Brooklyn preferred Dallas’ package that included useful present and future pieces — trade talks between the two teams accelerated today, Woj adds.

CBA Early Opt-Out Deadline Extended To March 31

February 6th, 2023 at 5:22pm CST by Arthur Hill

5:22pm: The NBA and NBPA have agreed to extend the early opt-out deadline to March 31, the league’s PR department tweets.

10:59am: The NBA and its players union are expected to extend Wednesday’s early opt-out deadline for the collective bargaining agreement, tweets ESPN’s Adrian Wojnarowski.

Wojnarowski also hears that the league appears willing to back away from its demand for an upper spending limit on payrolls (Twitter link). The players have been strongly opposed to that proposal, which would create a de facto hard cap in place of the current luxury tax system.

According to Wojnarowski, the NBA’s Board of Governors voted Friday to give its labor relations committee the authorization to extend the deadline again, and the league and the National Basketball Players Association appear headed in that direction.

The early opt-out deadline was originally set for December 15, but the two sides agreed to extend it until February 8. The current seven-year CBA will expire after the 2023/24 season, but the league and the players’ union hold a mutual option to terminate the agreement at the end of the current league year, which is June 30.

The extension will give negotiators more time to discuss a potential new deal without the imminent threat of an opt-out. Tim Reynolds of The Associated Press reported last month that another extension appeared likely.

Wojnarowski notes that teams had been hoping for a new agreement prior to this week’s trade deadline so they could have more clarity about the league’s long-term financial structure (Twitter link).

Heat Open To Dealing Kyle Lowry

February 6th, 2023 at 3:59pm CST by Rory Maher

While it was previously reported that the Heat weren’t actively shopping Kyle Lowry and a deal was considered unlikely, evidently the team is now open to moving him if it receives an “advantageous” offer, according to Barry Jackson and Anthony Chiang of The Miami Herald.

As Jackson and Chiang point out, Lowry’s list of suitors might be small. In addition to being 36 years old, he is making $28.33MM this season and $29.68MM in 2023/24.

The other issue is Lowry has been battling left knee soreness off and on since December. He had a “minor medical procedure” on the knee in mid-January, which caused him to miss four games, Jackson and Chiang report. He missed Saturday’s game as a result of the issue and plans to meet with a doctor soon.

Lowry, a six-time All-Star and 2019 NBA champion with the Raptors, has seen his production drop off in ’22/23. He’s averaging 12.0 PPG, 4.3 RPG, 5.3 APG and 1.0 SPG on .396/.333/.855 shooting through 44 games (33.3 MPG).

The Clippers are one team that has expressed interest in the veteran point guard, but others have inquired as well, per Jackson and Chiang.

In addition to Lowry, Miami is “willing to listen to offers on most players” on its roster. One player rival teams have been calling about is Max Strus, who is an impending free agent in the summer, a source tells Jackson and Chiang. The Heat would like to re-sign him, but it might be costly due to luxury tax concerns.

The Herald’s duo suggests the Heat are unlikely to trade away a first-round pick unless they can acquire a “quality starter.” The primary reason for that is the team is always on the lookout for star talent and would prefer to save its draft capital.

The Heat continue to look for frontcourt help and will attempt to unload Dewayne Dedmon‘s $4.7MM contract (his deal is non-guaranteed for ’23/24), Jackson and Chiang add.

Sixers’ Furkan Korkmaz Reportedly Requests Trade

February 6th, 2023 at 2:12pm CST by Rory Maher

Sixers wing Furkan Korkmaz has requested a trade and hopes to be moved before Thursday’s deadline, sources tell Keith Pompey of The Philadelphia Inquirer.

The 25-year-old told Pompey he would “not confirm nor deny” the trade request.

Korkmaz is in his sixth NBA season, all with Philadelpha. He has only appeared in 25 games for an average of 10.2 minutes per contest — the fewest minutes he’s played since his rookie season. Korkmaz makes $5MM this season and $5.37MM in 2023/24.

According to Pompey’s sources, the Sixers have informed Korkmaz that they will try to include him in a trade.

His contract would almost certainly be viewed as a negative asset due to the guaranteed money he’s owed next season, so if he’s involved in a smaller trade, it would likely be a salary-dump move to help the Sixers dip under the luxury tax line. His contract and lack of playing time has caused his name to pop in trade rumors this season, so it’s not surprising that he hopes to be moved.

As Pompey writes, this is the second time that Korkmaz has requested a trade out of Philadelphia. His previous request came back in ’18/19 due to a lack of playing time. The team declined its third-year option on the former 26th overall pick, but he wound up re-signing with the Sixers after a bump in minutes.

In 281 career games (18.0 MPG), the Turkish wing holds averages of 7.5 PPG and 2.1 RPG on .405/.354/.759 shooting. He’s averaging 3.8 PPG this season while shooting 34.3% from deep.

In another article for The Philadelphia Inquirer (subscriber link), Pompey reports that the Sixers are looking for a “reserve center, a backup point guard, and another shooter.”

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