Lakers Sign Wesley Matthews To One-Year Contract
NOVEMBER 22: The Lakers have officially announced their deal with Matthews, according to Bill Oram of The Athletic (Twitter link).
NOVEMBER 20: Free agent swingman Wesley Matthews intends to sign a contract with the Lakers, reports Shams Charania of The Athletic (Twitter link). Matthews turned down a player option with Milwaukee to reach free agency this week.
The Lakers’ deal with Matthews will be a one-year pact worth $3.6MM, says Charania (via Twitter). It sounds like the club will use its bi-annual exception – which has an exact value of $3,623,000 – to lock up the 34-year-old.
Although Matthews’ prime years are behind him, he remains a reliable three-and-D option, having started all 67 games he appeared in for the NBA-best Bucks last season. He recorded 7.4 PPG, 2.5 RPG, and 1.4 APG with a .364 3PT% in 24.4 minutes per contest, and has never made fewer than 36.0% of his threes in a single season since entering the league.
The Lakers were in need of a wing who could shoot, with Danny Green having been traded away and Avery Bradley departing in free agency. Matthews can fill that role without breaking the bank.
The Lakers will be hard-capped at $138.93MM this season as a result of using the bi-annual exception.
Heat Re-Sign Meyers Leonard
NOVEMBER 22: Leonard has put pen to paper on his new contract, making it official, the Heat announced (via Twitter).
NOVEMBER 20: Free agent center Meyers Leonard tells Tim Reynolds of The Associated Press (Twitter link) that he plans to re-sign with the Heat.
He’ll get a two-year deal that includes a team option on year two, according to Reynolds, who adds (via Twitter) that the deal is expected to start at around $9MM. It’ll be worth close to $20MM overall, per ESPN’s Adrian Wojnarowski (via Twitter). The second-year team option will allow the Heat to protect their cap room for 2021.
“I wanted nothing more than to come back to Miami. Literally nothing more,” Leonard told Reynolds (Twitter link).
Leonard, 28, was the Heat’s starting center for most of the 2019/20 season, averaging 6.1 PPG and 5.1 RPG with a solid .509/.414/.643 shooting line in 51 games (20.3 MPG). He saw his role reduced in the postseason, but Miami was still interested in continuing the relationship going forward.
Heat president Pat Riley indicated earlier this week that he wanted to “run this thing back” with the squad that made it to the NBA Finals this year, and it sounds like the team is making good on that vow. In addition to reaching an agreement with Leonard, the Heat have already struck a deal to re-sign Goran Dragic.
Heat Re-Sign Goran Dragic
NOVEMBER 22: The first free agent to reach a deal on Friday has now officially signed his new contract, as the Heat issued a press release confirming Dragic’s deal.
“It was essential for us to bring Goran back,” Heat president Pat Riley said in a statement. “He is part of our team, part of our culture and part of our family. He provides backcourt veteran leadership and can still play at a very high level. I’m glad to have him back in the fold.”
NOVEMBER 20: The Heat are re-signing free agent point guard Goran Dragic, he announced on social media today. The deal is a two-year agreement with a team option in the second season, Tim Reynolds of the Associated Press tweets.
Shams Charania of The Athletic adds (via Twitter) that the agreement is worth $37.4MM, while Anthony Chiang of the Miami Herald reports that the deal will pay Dragic $18MM in 2020-21 and $19.5MM in 2020-21.
Dragic, 34, will enter his seventh campaign with the Heat. He was originally acquired via trade back in 2015, mostly serving as starting point guard ever since.
Dragic was a key cog in Miami’s postseason run this year, averaging 19.1 points and 4.4 assists per game. He also shot 44% from the field and 35% from behind-the-arc during those games, proving his worth as a veteran piece on the court and off.
The Heat also agreed to re-sign Meyers Leonard early in free agency. Miami strategically included team options in both players’ deals, working to preserve salary-cap space for the summer of 2021.
Photo courtesy of USA Today Sports Images.
Hawks Confident About Chances In Free Agency
Former Hawks forward Vince Carter said on ESPN’s The Jump that he has heard Atlanta is confident it will be able to land two free agents from a group that includes Danilo Gallinari, Rajon Rondo, Joe Harris, and Bogdan Bogdanovic, tweets Tim MacMahon of ESPN. Chris Kirschner of The Athletic echoes that sentiment (via Twitter).
While Harris and Bogdanovic may still be in play for the Hawks, it sounds as if Gallinari and Rondo are the more likely candidates to end up in Atlanta.
Reports earlier in the week suggested that the Hawks are viewed as the frontrunners for both veteran free agents, with Gallinari perhaps in line for a three-year deal and Rondo expected to receive a two-year offer.
Atlanta is the only team set to enter free agency with more than $40MM in cap room available, so even if the team lands Gallinari and Rondo, it still should have money left over to spend.
Fred VanVleet Likely To Re-Sign With Raptors?
Free agent point guard Fred VanVleet appears “very likely” to re-sign with the Raptors, ESPN’s Adrian Wojnarowski said in an appearance on The Jump this afternoon (video link via Knicks Film School).
Wojnarowski suggests that the lack of teams with cap room around the NBA may limit VanVleet’s ability to attract big offers that could put extra pressure on the Raptors. An earlier report indicated Toronto may be hoping to get VanVleet back on a deal similar to the one Malcolm Brogdon signed with Indiana last year — $85MM over four years.
The Raptors’ ability to go much higher for VanVleet is complicated by the fact that the team wants to maintain enough 2021 cap room to contend for a maximum-salary player (ideally Giannis Antetokounmpo, if he’s available). The bigger VanVleet’s deal is, the less space the team will have a year from now, but something in the range of $20-22MM per year should fit into the team’s budget.
While the Raptors are the frontrunners for VanVleet, that doesn’t necessarily mean the two sides will come to terms immediately when free agency opens in an hour. Michael Grange of Sportsnet.ca (Twitter link) has heard that the Raptors and other suitors for VanVleet will likely meet with the 26-year-old in the Chicago area on Saturday. The Knicks and Pistons have been cited as a couple of the other possible contenders for the Raptors guard.
VanVleet ranks third on our list of 2020’s top 50 free agents.
Timberwolves Trade For Ricky Rubio
NOVEMBER 20: The trade is now official, according to the Timberwolves, who announced it in a press release. As expected, Johnson was sent to the Thunder along with the rights to Pokusevski in exchange for Rubio, the No. 25 pick, and the No. 28 pick. Oklahoma City also received the Timberwolves’ 2024 second-round pick in the deal.
Minnesota subsequently flipped the No. 25 pick (Immanuel Quickley) to New York in a deal for Leandro Bolmaro (No. 23). The Wolves have also confirmed that trade.
NOVEMBER 19: Darren Wolfson of 5 Eyewitness News (Twitter link) confirms that Johnson will be a part of this deal for salary-matching purposes. The veteran forward will still need to pick up his option before he can officially be traded.
NOVEMBER 18: The Timberwolves will acquire point guard Ricky Rubio from the Thunder, along with the 25th and 28th picks in this year’s draft, in exchange for the 17th selection, tweets ESPN’s Adrian Wojnarowski.
Oklahoma City will receive Serbian 7-footer Aleksej Pokusevski, whom Minnesota selected at No. 17. The Thunder had expressed interest in Pokusevski throughout the past two weeks.
Although it hasn’t been reported yet, James Johnson will likely have to be included in the deal to match salaries. Rubio will earn $17MM during the upcoming season, while Johnson has a $16MM player option that he is virtually certain to pick up.
The deal represents a homecoming for Rubio, who spent six seasons with the Wolves at the start of his career. He began looking for a trade after being sent to OKC in the Chris Paul deal and was receptive to the idea of returning to Minnesota. Rubio wants to help the Wolves get back to the playoffs, tweets Jon Krawczynski of The Athletic.
Rubio will share ball-handling duties in the Minnesota backcourt with D’Angelo Russell, who was acquired at the trade deadline, and will reunite with former teammate Karl-Anthony Towns.
In addition to the 25th and 28th picks, the Wolves also own the 33rd pick in tonight’s second round. The Thunder, who have been stockpiling picks, will select again at 34 and 53.
Hawks Trade Dewayne Dedmon To Pistons For Tony Snell
NOVEMBER 20: The Hawks and Pistons have officially completed their swap, as detailed below, per a press release from Atlanta. As expected, the Hawks have already waived Thomas.
NOVEMBER 19: The Hawks and Pistons have agreed to a trade that will send center Dewayne Dedmon to Detroit, according to Shams Charania of The Athletic (Twitter link). Wings Tony Snell and Khyri Thomas will head to Atlanta in the swap, per ESPN’s Adrian Wojnarowski (Twitter link).
The move essentially sees both teams trade from areas of depth. Dedmon, acquired at last season’s deadline from Sacramento, became expendable in Atlanta with the Hawks expecting Clint Capela back from injury this year and also preparing to incorporate lottery pick Onyeka Okongwu into their frontcourt.
Meanwhile, trading Snell and Thomas will open up more minutes on the wing in Detroit for the likes of Sviatoslav Mykhailiuk, Sekou Doumbouya, and Saddiq Bey, observes James Edwards III of The Athletic (Twitter link).
Dedmon will earn $13.3MM in 2020/21 and also has a $13.3MM cap hit for ’21/22, though that second year is only partially guaranteed for $1MM, per Basketball Insiders. Snell is on a $12.2MM expiring contract, while Thomas’ minimum-salary contract for ’20/21 only includes a partial guarantee. In other words, the deal is close to salary-neutral.
It remains to be seen how many of these players will be part of their new teams’ plans for next season. Omari Sankofa II of The Detroit Free Press suggests (via Twitter) that the Pistons aren’t done dealing and he wouldn’t assume Dedmon will stick around.
Max Contracts Expected For Ingram, Tatum, Mitchell
Teams around the NBA are projecting Pelicans forward Brandon Ingram, Celtics forward Jayson Tatum, and Jazz guard Donovan Mitchell to agree to maximum-salary contracts with their respective teams not long after free agency opens, according to Marc Stein of The New York Times (Twitter link).
Ingram, the top restricted free agent on the market this fall, made the All-Star team for the first time in 2020, averaging 23.8 PPG, 6.1 RPG, and 4.2 APG as the Pelicans’ go-to scorer. His maximum salary for the coming season will be $27.3MM and he could earn up to $158.3MM if he signs a full five-year contract. A four-year max deal would be worth $122.2MM.
As for Tatum and Mitchell, neither player is a free agent this year, but both are eligible for rookie scale extensions that will go into effect in 2021/22. They’ve long been considered two of the most likely players from this year’s group of rookie-extension-eligible players to sign lucrative new contracts, so Stein’s report comes as no surprise.
The value of Tatum’s and Mitchell’s contracts will depend on how much the cap increases for the ’21/22 season. A 3% increase would result in a total value of at least $163MM over five years. That number could go a little higher if Rose Rule language is included in their new deals and they make an All-NBA team in 2021.
Stein adds that Anthony Davis is expected to be a max-salary player too, which is a given. A report earlier today indicated that Davis may take his time considering the length and structure of his contract before formally re-signing with the Lakers.
Raptors Will Begin The Season In Tampa
12:53pm: The Raptors will play their home games at Amalie Arena, reports Tim Reynolds of The Associated Press (via Twitter). That’s the home of the NHL’s Tampa Bay Lightning.
12:03pm: The Raptors‘ plan to start the 2020/21 season at their home arena was rejected today by the Canadian government, according to Doug Smith of The Toronto Star. As a result the team will play its home games in Tampa, team president Masai Ujiri announced.
“Ultimately, the current public health situation facing Canadians, combined with the urgent need to determine where we will play means that we will begin our 2020/21 season in Tampa, Florida,” Ujiri said in a statement. “We want to thank all levels of government, and their public health officials, for their dedication to this process and for looking after the health of Canadians. We commit to continuing our work together, planning for a safe return to playing in Toronto.”
The Raptors considered several cities, but Tampa was the most popular choice among players, tweets Josh Lewenberg of TSN Sports. Management took that into consideration and it affected the final decision.
Canada has imposed restrictions limiting travel from the U.S. to guard against the spread of COVID-19. Those sanctions were extended today until at least December 21, according to a tweet from Prime Minister Justin Trudeau.
“We’re trying to do what’s best for the organization,” Raptors general manager Bobby Webster said this week. “So you can kind of go down the line. You know, what is first and foremost? The players. What does the practice facility look like? What would be the accommodations around the medical facilities, the medical treatment? Obviously you need to have an arena that fits NBA standards. There’s a ton of broadcast issues. There’s health and safety. There’s availability for arena dates. There’s a ton of stuff there.”
The Raptors don’t have much time to work out the logistics of playing in Florida. Next season starts in 32 days and the league plans to open training camps on December 1.
The team had been hoping to reach a solution that would let it return to Scotiabank Arena in Toronto. Team officials were working with the NBA on health concerns and were optimistic that they had a proposal that would meet with government approval.
Bucks Moving On From Bogdanovic Pursuit
The Bucks are moving on from their pursuit of Kings RFA Bogdan Bogdanovic, sources tell Shams Charania and Sam Amick of The Athletic (Twitter link).
The Bogdanovic saga is the early frontrunner for the oddest story of free agency. Late on Monday night, reports indicated that a sign-and-trade agreement had been reached that would have sent Bogdanovic to Milwaukee along with Justin James for Donte DiVincenzo, Ersan Ilyasova, and D.J. Wilson. However, two days later, word broke that the deal was falling apart, having apparently never received approval from Bogdanovic himself.
There was some speculation that the NBA had stepped in due to the perception of tampering or circumvention, and that the Bucks and Kings had to act as if there was no deal in place until free agency opened.
However, now it appears all parties are indeed moving on, clearing the path for Bogdanovic to explore the market for an offer sheet, while the league has opened an investigation into the reported sign-and-trade deal that is no longer happening.
Bogdanovic is one of the fall’s top free agents. ESPN’s Brian Windhorst suggested on an episode of his Hoop Collective podcast this week that “word on the street” is that the Kings swingman is hoping secure a deal of up to four years in the range of $18MM annually (hat tip to RealGM).