Mavericks Sign Luka Doncic To Five-Year, Max-Salary Extension
AUGUST 10: The extension is now official, according to the team (Twitter link).
AUGUST 9: The Mavs and Doncic are in formal agreement on their five-year, maximum-salary extension, agent Bill Duffy tells Adrian Wojnarowski of ESPN. The team sent a contingent to Slovenia this week to officially complete the deal and will hold a news conference on Tuesday morning to announce it.
As we detailed earlier today, Doncic’s extension projects to be worth slightly over $207MM based on the NBA’s $119MM cap projection for 2022/23. The deal will include a fifth-year player option, Wojnarowski adds (via Twitter).
“Today is a dream come true,” Doncic said in a statement, per Woj (Twitter link). “I am humbled and excited to remain in Dallas as part of the Mavericks and appreciate the support of my fans.”
AUGUST 2: The Mavericks are ready to give star guard Luka Doncic a five-year, maximum-salary extension, tweets veteran NBA reporter Marc Stein. The deal projects to be worth $207.06MM.
However, no formal talks will take place until after Doncic is finished with the Olympics this week. His Slovenian team is in the medal round after breezing to three victories in preliminary games.
Doncic, 22, has emerged as one of the NBA’s top players after three seasons in the league. He averaged 27.7 points, 8.0 rebounds and 8.6 assists in 66 games this year, earning first-team All-NBA honors for the second straight season.
Doncic was named Rookie of the Year in 2019 and is a two-time All-Star. He was highly decorated before coming to the NBA, winning MVP and Final Four MVP awards in the EuroLeague in 2018.
Doncic’s extension, which would have a starting salary worth 30% of the cap, would take effect in the 2022/23 season and would keep him under contract through the summer of 2027.
Photo courtesy of USA Today Sports Images.
Goran Dragic Apologizes For Comments On Trade To Raptors
Veteran point guard Goran Dragic, who was traded from the Heat to the Raptors in the Kyle Lowry sign-and-trade deal last week, apologized on Monday for comments he made in his home country of Slovenia about the trade, writes Michael Grange of Sportsnet.ca.
A clip that surfaced on Twitter on Monday of Dragic speaking to Slovenian reporters was accompanied by the English caption, “Toronto is not my preferred destination. I have higher ambitions.” While there was some uncertainty about whether something may have been lost in translation, Dragic didn’t claim he was misquoted. He did tell Grange, however, that the context of the quote was missing.
“I was in the center of the city and the journalists were there and I was asked about Toronto and it was basically taken out of context,” Dragic said. “I told them that I had spent seven years in Miami and that would be the preferred destination for me because my family is there and everything, not Toronto.”
Dragic, who is on an expiring $19.5MM contract, was always expected to be part of the Raptors’ return for Lowry after the Heat picked up his team option, but there was speculation for much of last week that he might be flipped to a third team. The Mavericks were frequently mentioned as a potential destination, since Dallas had been on the lookout for a point guard in free agency and joining the Mavs would give Dragic the opportunity to team up with fellow Slovenian Luka Doncic.
It’s still possible Dragic will be moved to the Mavs or another team at some point, but no deal appears imminent, and he told Grange he’s prepared to spend the 2021/22 season in Toronto.
“My message basically, to all Toronto fans, is I would like to apologize,” Dragic said. “It didn’t come out the right way. I know they love their team, and they should be proud, it is one of the best organizations in the NBA. They’ve already won a championship and I didn’t, so what I said, it really was not appropriate.
“… I’ve always been professional. You can ask a bunch of people. Everywhere I’ve played, wherever I’m going to play, I’m going to be professional and do my job,” he continued. “I love basketball, I love to play and I’m going to give 100% wherever I play. Right now I’m (with) Toronto and that’s my main thing to think about.”
Asked during an appearance on 590 The Fan in Toronto about Dragic, Raptors general manager Bobby Webster cautioned that the 35-year-old’s comments were translated to English and he’d want to “get it directly” from the point guard to understand what he meant, Grange writes. Webster also stressed that the Raptors aren’t a rebuilding team looking to jettison veterans.
“We feel like we’re gonna be competitive, we have a core — as we’ve talked about — that’s been around for a while and has won at the highest level as well,” Webster said. “So think that we’ll just give it some time here to see how (Dragic) would fit in and if he likes it here or not. I think he’s a pro and he’s been around a lot and he’s obviously entitled to wanting to make the most of his years as his career comes down here … so I don’t think it’s in any way a slight or anything like that.”
The Lowry sign-and-trade was officially completed on Friday, so it can no longer be expanded to include a third team, but Dragic could be flipped to a new team immediately as long as his salary isn’t aggregated with another player’s in the deal.
Suns Sign Elfrid Payton To One-Year Deal
AUGUST 10: The Suns have officially signed Payton, the team announced today (via Twitter).
AUGUST 9: Payton and the Suns have agreed to terms on a one-year contract, per Shams Charania of The Athletic (via Twitter). Gambadoro (Twitter link) confirms that the deal is for a veteran’s minimum salary, as he previously reported.
AUGUST 5: The Suns are close to an agreement on a one-year contract with free agent guard Elfrid Payton, Alex Kennedy of Basketball News tweets.
Evan Sidery of Basketball News broke the news on the Suns’ negotiations with Payton (Twitter link), while John Gambadoro of Arizona Sports 98.7 confirms (via Twitter) that the club has made a one-year, minimum-salary offer.
If the contract is finalized, Payton would be signing up for a second stint with the organization. He played 18 games with Phoenix during the 2017/18 season.
Payton started 63 games with the Knicks this past season but his production declined after the All-Star break and he was benched during the first-round playoff series against Atlanta. Payton averaged 10.1 PPG and 3.2 APG in 23.6 MPG during the regular season.
The Western Conference champions have reached agreements with their top two point guards, Chris Paul and Cameron Payne, so Payton would slot in as a third-stringer behind that duo if the two sides finalize a deal.
Marko Simonović To Suit Up For Bulls This Year
Power forward/center Marko Simonović has verified recent rumors that he will be joining the Bulls for the 2021/22 season, his first in the NBA, tweets Darnell Mayberry of The Athletic.
Along with forward Patrick Williams, Simonović was part of the first draft class selected by the Bulls’ then-new front office team of president Arturas Karnisovas and GM Marc Eversley. The 6’11” big man, most recently with the Serbian club KK Mega Basket of the Adriatic Basketball Association, was chosen with the No. 44 pick in 2020.
In 25 games for Mega Basket during the 2020/21 season, Simonović averaged 15.7 PPG, 9.1 RPG, 1.7 APG, and 1.0 SPG.
The 21-year-old’s shot diet indicates potential as a floor-spreading big man who will not fear contact inside, operating as a reserve for a new-look Chicago team heavy on versatile scorers and passers. Simonović connected on 47.3% of his field goal looks last season, including 34.9% of his 5.2 three-point attempts a game. He also converted 77.8% of his free-throw tries.
Chicago is reportedly using a chunk of its mid-level exception to sign Alex Caruso, but could save a portion of that MLE for Simonović’s deal.
Mavs Sign Tim Hardaway Jr. To Four-Year Deal
AUGUST 9: The Mavericks have officially re-signed Hardaway, the team announced today in a press release. Bartelstein tells Stein (Twitter link) that the total value of THJ’s four-year deal came in at $75MM.
Tim MacMahon of ESPN reports (via Twitter) that Hardaway’s new contract will decline in value across each of its four seasons. Hardaway will earn $21.3MM during the first year of the agreement, 2021/22, and that number will eventually dip to $16.2MM for Hardaway’s age-32 season, 2024/25.
AUGUST 2: The Mavericks and their top free agent, guard Tim Hardaway Jr., have agreed to a four-year, $72MM contract, Shams Charania of The Athletic tweets.
Agent Mark Bartelstein tells ESPN’s Adrian Wojnarowski (Twitter link) that the actual value is $74MM, so we may have to wait to see the official terms once it’s finalized. Marc Stein of Substack (Twitter link) first reported that the Mavs were expected to re-sign the veteran wing.
Hardaway is one of the top unrestricted free agents on the market and Dallas prioritized bringing back one of its primary offensive threats.
Hardaway, 29, averaged 16.6 PPG, 3.3 RPG and 1.8 APG last season while shooting 39.1% from the field. He also excelled in the postseason, then said after the season he was hoping he could work out a deal with his current club.
“If you were to talk to anybody in this organization and anybody that’s around me, they will definitely say that I love it here,” Hardaway said.
Hardaway’s four-year, $71MM deal he signed with the Knicks in 2017 expired at the end of the season.
Hornets Sign James Borrego To Contract Extension
AUGUST 9: Borrego’s extension with the Hornets is now official, the team announced today in a press release.
“We’re extremely pleased with the job that Coach Borrego and his staff have done in their three years in Charlotte,”president of basketball operations Mitch Kupchak said in a statement. “Coach and his staff have built a strong player development program and it has resulted in the continued improvement of our young players. He has implemented an exciting style that our team likes playing and our Hornets fans enjoy watching. Coach has built strong relationships with our players, has demonstrated a great knowledge of the game and has provided tremendous leadership for our group.
“We’re thrilled to have signed him to an extension and look forward to the future with him leading our team as we continue to grow and improve.”
AUGUST 7: The Hornets and head coach James Borrego are finalizing a multi-year contract extension, ESPN’s Adrian Wojnarowski tweets.
Charlotte had already decided to pick up its option on Borrego’s contract for next season and this will give him more long-term security.
When Charlotte hired Borrego in 2018, he was given a contract with three guaranteed years, along with an option for the fourth. Although his record is just 95-124 with the Hornets, he has spent most of that time overseeing a rebuilding project.
Borrego was an assistant coach for eight years with New Orleans, Orlando and San Antonio before becoming a head coach. He served as an interim head coach with the Magic for 30 games during the 2014/15 season.
Kemba Walker Gave Up $20MM In Thunder Buyout
Veteran point guard Kemba Walker gave up $20MM in his buyout agreement with the Thunder, according to Keith Smith of Spotrac (Twitter link). Bobby Marks of ESPN (Instagram video) first reported that Walker was giving back $20MM as part of that deal.
Walker’s cap hit with Oklahoma City will be reduced by $9,777,778 in 2021/22 and by $10,222,222 in 2022/23, per Smith. The 31-year-old guard had originally been set to earn $36,016,200 this season and $37,653,300 in ’22/23.
It’s a significant concession by Walker, whose new deal with the Knicks is reportedly to be worth approximately $8-9MM per year over two seasons. It’ll be interesting to see whether his new salaries match the amounts he gave up in the buyout, or if he ends up making a little less as a result of his decision to play for his hometown team.
The terms of the buyout also help explain why the Thunder were willing to move on from Walker now rather than trying to rebuild his value during the coming season and flip him for an asset down the road.
Walker, who was traded from Boston to Oklahoma City in June, was limited to 43 games for the Celtics in 2020/21 due to knee issues, but put up strong numbers in the games he played, averaging 19.3 PPG, 4.9 APG, and 4.0 RPG on .420/.360/.899 shooting in 31.8 minutes per contest.
Walker officially cleared waivers on Sunday, so his new deal with New York can be completed anytime. The Knicks haven’t yet announced any of their free agent signings — they’ll likely finalize them one after another at some point, whether that happens today or later in the week.
Kings, Warriors, Clippers Eyeing Pascal Siakam
The Kings, Warriors, and Clippers are among the teams believed to be especially “enamored” with forward Pascal Siakam, according to Jason Anderson of The Sacramento Bee.
A source with knowledge of the situation tells Anderson that Raptors president of basketball operations Masai Ujiri has received numerous trade inquiries on Siakam and is “listening like a good negotiator.” However, while a deal is possible, Anderson’s source doesn’t believe it’s likely, noting that Siakam has no desire to be moved.
Siakam’s name has popped up in trade rumors throughout the offeason. John Hollinger of The Athletic first suggested in June that the former All-Star was on Golden State’s radar, and multiple subsequent reports referenced a leaguewide belief that Siakam could be had, particularly in the wake of Toronto using the No. 4 pick to draft Scottie Barnes.
Sam Amick of The Athletic said last week that Sacramento “definitely” has interest in Siakam, and Jake Fischer of Bleacher Report stated that the Trail Blazers engaged in some preliminary discussions involving the veteran forward.
If the Kings were to make an offer for Siakam, it would likely include Buddy Hield, Marvin Bagley III, and at least one future first-round pick, per Anderson. While that would be a perfect salary match, it’s not clear if such a package would be enough to seriously entice Toronto, Anderson acknowledges.
Siakam is currently recovering from shoulder surgery and will likely miss a little time at the start of the 2021/22 season.
The Kings have also displayed interest in Sixers star Ben Simmons, Anderson confirms, adding that GM Monte McNair seems motivated to make a major roster move as the pressure to win begins to build. Outside Sacramento, there’s a sense that McNair and his front office – installed just a year ago – are already “feeling the heat” from Kings owner Vivek Ranadive to take a significant step forward, says Anderson.
Bulls Acquire Lonzo Ball Via Sign-And-Trade
AUGUST 8: The Bulls have officially acquired Ball, the team announced late on Sunday night in a press release. As expected, the Pelicans acquired Satoransky, Temple, and a future second-round pick in the deal. The future second-rounder is Chicago’s 2024 selection, and New Orleans also received cash considerations.
This transaction continues to be investigated by the NBA due to possible “gun-jumping,” since it’s a complicated sign-and-trade deal that was reported as being done the minute that free agency opened on Monday.
The Pelicans and especially the Bulls may face discipline from the league based on that investigation’s findings. However, the fact that the trade was processed while the probe is ongoing is another sign the NBA isn’t going to disallow it.
Due to base year compensation rules affecting Ball’s new contract, neither the Bulls nor the Pelicans will create a trade exception in the deal.
AUGUST 2: The Bulls and point guard Lonzo Ball have agreed to a four-year, $85MM deal, Klutch Sports CEO Rich Paul tells Shams Charania of The Athletic (Twitter link). The contract will include a fourth-year player option, according to Michael Scotto of HoopsHype (Twitter link).
Ball is a restricted free agent, but the Bulls and Pelicans will work out a sign-and-trade to get him to Chicago, Paul tells ESPN’s Adrian Wojnarowski (Twitter link).
The Pelicans will receive Tomas Satoransky, Garrett Temple, and a second-round pick from the Bulls in the sign-and-trade agreement, according to Charania (Twitter link).
Temple is a free agent, so he’ll be signed-and-traded as well. He’s getting a three-year contract with the first two years guaranteed, according to David Aldridge of The Athletic, who adds that the deal is expected to be worth about $5MM per year (Twitter links).
It’s a major coup for the Bulls, who have been linked to Ball for the last several months. The team reportedly discussed a trade with the Pelicans at the deadline, but couldn’t reach a deal to land Ball at the time. Now, Chicago is in position to add the former No. 2 overall pick to a starting lineup led by Zach LaVine and Nikola Vucevic.
Ball, 23, had arguably the best season of his career in 2020/21, averaging 14.6 PPG, 5.7 APG, and 4.8 RPG in 55 games (31.8 MPG) and improving his shooting numbers to .414/.378/.781.
His deal is right in line with the four-year deals signed by fellow point guards Fred VanVleet and Malcolm Brogdon in recent free agencies.
While Pelicans stars Zion Williamson and Brandon Ingram expressed a desire to continue playing with Ball, the team’s front office never seemed sold on the idea of making him a long-term cornerstone. Adding Satoransky will give New Orleans some depth at the point, though the team will likely remain in the hunt for another point guard in free agency.
Rockets Guarantee Jae’Sean Tate’s 2021/22 Salary
The Rockets have guaranteed Jae’Sean Tate‘s salary for the 2021/22 season, according to Jonathan Feigen of The Houston Chronicle. Tate will earn approximately $1.52MM next season.
Tate, 25, had an impressive rookie season for Houston in 2020/21, averaging 11.3 PPG, 5.3 RPG, and 2.5 APG on 50.6% shooting and playing tough defense across 70 games (29.2 MPG). The performance earned him a spot on the NBA’s All-Rookie First Team.
Tate’s second-year salary wasn’t scheduled to become guaranteed until January, per Basketball Insiders. However, as Feigen explains, Rockets owner Tilman Fertitta made the decision to lock in the forward’s salary a few months early. The move was designed to reward Tate for his play last season and to send the message that the team values his “determined play and attitude,” Feigen adds.
Tate’s contract extends for one more year beyond 2021/22 — the Rockets have a $1.78MM team option for ’22/23, which seems likely to be eventually exercised.
The Rockets have also officially signed David Nwaba, Feigen reports.