Desmond Bane Signs Five-Year Max Extension With Grizzlies
JULY 8: The Grizzlies have officially completed Bane’s extension, the team announced in a press release (via Twitter).
JUNE 30: The Grizzlies are signing shooting guard Desmond Bane to a five-season maximum rookie scale extension, agents Jim Tanner, Max Wiepking and Terrence Felder tell Adrian Wojnarowski of ESPN.
While Wojnarowski says the deal will be worth $207MM, that amount is a projection, as the exact sum will be tied into the league’s salary cap.
Based on Woj’s wording in his reports on the new extensions for Bane and Pacers All-Star point guard Tyrese Haliburton, it sounds as if Bane’s deal will likely not include the Rose rule escalator, which would have allowed him to qualify for a starting salary worth up to 30% of the cap.
If that’s the case, Bane’s new deal will feature a starting salary worth 25% of the 2024/25 salary cap when it goes into effect next year.
As Damichael Cole of The Memphis Commercial tweets, Bane’s new agreement will now leapfrog All-Star Memphis point guard Ja Morant‘s contract as the priciest in team history. Morant agreed to his five-year, maximum-salary rookie scale extension exactly one year ago.
Bane has quickly outperformed his selection as the No. 30 pick out of TCU in the 2020 draft. Last season, the 25-year-old averaged a career-high 21.5 PPG on .479/.408/.883 shooting splits. He also chipped in 5.0 RPG, 4.4 APG and 1.0 SPG in his 58 healthy games with Memphis. Thanks to the strong play of Morant, Bane and Defensive Player of the Year Jaren Jackson Jr., the Grizzlies finished with the West’s second seed for the second straight season, this time with a 51-31 record.
Injuries to starting center Steven Adams and reserve big man Brandon Clarke greatly impeded Memphis’ frontcourt during its first-round playoff series against the seventh-seeded Lakers, and the Grizzlies fell in six games.
Rockets’ Amen Thompson Sprains Ankle In Debut
JULY 8, 2:46pm: An MRI on Thompson’s ankle revealed that he has a Grade 2 sprain and will be sidelined for three or four weeks, per Marc J. Spears of Andscape (Twitter link). While we won’t see Thompson again in Summer League, there’s no reason to think he won’t be ready for training camp in September.
JULY 8, 5:39am: Although Thompson’s injury isn’t viewed as serious, he’ll undergo an MRI on Saturday and is very likely to be held out of action for the rest of Summer League, per Kelly Iko and Shams Charania of The Athletic (Twitter link).
JULY 7: Scoot Henderson wasn’t the only top pick injured in his NBA Summer League debut. Unfortunately, Rockets guard Amen Thompson, who was selected directly after Henderson at fourth overall, appeared to suffer a lower left leg injury late in the same game (Twitter video link via ESPN).
Thompson was clearly in a lot of pain, but he was eventually able to gingerly walk off the court with assistance, tweets Jonathan Feigen of The Houston Chronicle.
A source tells ESPN’s Tim MacMahon that Thompson suffered a sprained ankle that isn’t considered serious (Twitter links). The 20-year-old said the team’s staff will determine whether or not he plays again in Summer League.
“It’s pretty sore,” Thompson said, per MacMahon.
Thompson showed flashes of tantalizing upside in his marquee matchup with Henderson, finishing with 16 points (on 6-of-13 shooting), five assists, four rebounds, four blocks and three steals in 28 minutes against the Trail Blazers. The Rockets wound up winning the game on a Jabari Smith buzzer-beater.
Suns Frontrunners To Sign Bol Bol
The Suns are the favorites to sign Bol Bol, according to Shams Charania of The Athletic (Twitter link), who says rival teams are expecting the free agent big man to land in Phoenix.
A former second-round pick, Bol hit waivers on Tuesday, with Orlando opting to move on from him before his salary for 2023/24 became guaranteed. He cleared waivers on Thursday and became a free agent, allowing him to join any team.
Bol’s unique skill set for his slender 7’2″ frame – including an ability to handle the ball – has long intrigued teams and fans, but he was limited to 53 games in Denver during his first three years in the NBA due to injuries. He enjoyed his best season in 2022/23, staying on the floor for 70 games and averaging 9.1 points, 5.8 rebounds, and 1.2 blocks in 21.5 minutes per night.
While Bol’s overall numbers were solid, it was a tale of two seasons for the former second-round pick. He put up 11.9 PPG, 6.8 RPG, and 1.6 BPG with an impressive .584/.361/.740 shooting line in his first 41 appearances. In his final 29 games, his playing time and shooting efficiency dropped off, as he scored double-digit points just three times and had averages of 5.1 PPG, 4.3 RPG, and 0.7 BPG on .447/.098/.806 shooting.
Once Josh Okogie‘s deal is official, Phoenix will have 15 players on standard contracts, not counting Bol. However, Jordan Goodwin only has a small partial guarantee, while Ish Wainright is on a non-guaranteed deal, so the team has some roster flexibility. The club would only be able to offer Bol a minimum-salary contract.
The Suns’ interest in Bol was previously reported by both Marc Stein and John Gambadoro.
Lakers Sign Jalen Hood-Schifino, Maxwell Lewis
The Lakers have officially locked up their two 2023 draft picks, announcing today in a press release that they’ve signed Jalen Hood-Schifino and Maxwell Lewis to their first NBA contracts (Twitter link via Khobi Price of The Southern California News Group).
The No. 17 overall pick, Hood-Schifino is in line for a four-year contract worth up to $17.9MM, including $3.7MM in year one, assuming he signs for 120% of the standard rookie scale, which virtually every first-rounder does.
The 6’6″ wing, who spent last season at Indiana, was named the Big Ten Rookie of the Year after averaging 13.5 points, 4.1 rebounds, and 3.7 assists in 33.1 minutes per game across 32 contests (all starts). He declared for the draft as an early entrant after a strong freshman year.
Lewis, meanwhile, was the No. 40 overall pick, so the details of his deal aren’t yet known. However, it’s very likely that the Lakers used the new second-round pick exception to sign him to a three- or four-year contract that will include a team option on the final season.
Lewis spent two college seasons at Pepperdine before entering the draft following his sophomore year this spring. In 2022/23, he put up 17.1 points per night on .468/.348/.787 shooting, adding 5.7 RPG and 2.8 APG in 31 games (31.4 MPG).
With Hood-Schifino and Lewis under contract, the Lakers are carrying 13 players on standard deals and three on two-ways. They’ll make at least one more roster addition, but won’t necessarily carry a full 15-man standard roster to start the 2023/24 regular season.
As our list of draft pick signings shows, 43 players from the 2023 draft class have now officially signed with their respective teams.
Draymond Green Re-Signs With Warriors On Four-Year Deal
JULY 8: The Warriors have officially re-signed Green, the team announced today in a press release (Twitter link).
JUNE 30: Draymond Green is re-signing with the only club he’s ever known, agreeing to a four-year, $100MM contract to remain with the Warriors, sources tell Shams Charania of The Athletic (Twitter link).
The final year of the deal will be a player option, Charania adds. Marc Stein reported shortly before free agency officially opened that $100MM to return to Golden State was looking likely for Green. He previously declined his $27,586,224 player option for 2023/24 in order to sign a long-term deal, which has come to fruition.
Green, 33, is one of the most accomplished players of the 2023 free agent class. The 2016/17 Defensive Player of the Year, Green is an eight-time All-Defensive Team member, four-time All-Star, and two-time All-NBA member.
More importantly, he’s a four-time NBA champion, spearheading Golden State’s defense during the team’s dynastic run over the better part of the past decade. You can easily make the case that he’s been the most impactful defensive player of his generation.
The forward/center is also an accomplished play-maker, holding a career average of 5.6 APG. In 73 games last season, he averaged 8.5 PPG, 7.2 RPG, 6.8 APG, 1.0 SPG and 0.8 BPG on .527/.305/.713 shooting in 31.5 MPG.
According to Anthony Slater of The Athletic (Twitter link), the Warriors will save $43MM toward the luxury tax in ’23/24 as part of the deal. Green will earn $22.3MM next season, with annual raises in subsequent seasons.
Knicks Notes: Brown, Toppin, Martin, Bridges
Bruce Brown revealed this week that the Knicks were the only other team he met with before deciding to sign with the Pacers, writes Stefan Bondy of The New York Daily News. Brown was one of the most sought-after free agents on the market after helping the Nuggets win the NBA title. Several teams, including New York, were hoping to land him with their mid-level exception, but Indiana blew away its competitors with a two-year, $45MM offer.
“The Knicks were the first (meeting). I think we had others lined up, but we didn’t make it there,” said Brown, who added that he was heavily recruited by Pacers star Tyrese Haliburton.
Bondy notes that Indiana is also the destination for Obi Toppin, who was acquired from New York in exchange for a pair of future second-round picks. Toppin was stuck behind Julius Randle with the Knicks and his defense wasn’t up to coach Tom Thibodeau’s standards, but Indiana views him as a perfect fit for its up-tempo style.
The trade leaves New York with an unbalanced roster that’s heavy on guards and doesn’t have an obvious replacement for Toppin, Bondy adds. The current options are either too small to play power forward or too inexperienced to be counted on for regular minutes.
There’s more on the Knicks:
- With a potential hole in their rotation and plenty of assets available to make an impact trade, the Knicks can’t be done with their offseason, says Peter Botte of The New York Post (subscriber link), arguing that the team still needs to take a big swing if it wants to have a legitimate chance to contend in the East next season.
- Jaylen Martin, who signed a two-way contract with New York after going undrafted, was one of Overtime Elite’s most talented players, his coach told Ian Begley of SNY.tv. Tim Fanning said a hamstring injury that forced Martin to miss two months of the season kept him from getting the same notice as the Thompson twins, who were both lottery picks. “He just ticks a lot of boxes in terms of what you want from a basketball player, especially on the wing,” Fanning said. “He was shooting the ball at a great clip from three. His defense and rebounding – his floor game – was spectacular. His transition, (attacking the) close out, also was on another level from the rest of the competition outside of the Thompsons in that first month of the season.”
- Mikal Bridges, now a cornerstone player for the cross-town Nets, said recently on the Tidal League podcast that he thought he’d be drafted by the Knicks back in 2018 (Twitter video link). “I thought I was going to go to New York at 9,” Bridges said (hat tip to Jeremy Layton of The New York Post). “I was excited though because I wanted to go to the Knicks, I wanted to be in New York, I’m like, ‘That’s lit.’ Like, still close to home, but a little further out – and I love MSG, all my best games in college were there.” New York ended up drafting Kevin Knox with the No. 9 pick, with Bridges going one spot later to Phoenix (via Philadelphia).
Luke Adams contributed to this post.
Jazz Trade Damian Jones To Cavaliers
JULY 8: The trade is official, according to the Cavaliers, who announced in a press release that they sent cash to the Jazz to complete the deal.
JULY 1: The Jazz have agreed to trade center Damian Jones to the Cavaliers, reports Adrian Wojnarowski of ESPN (Twitter link).
It’s not yet clear what Utah will receive in the deal, but according to Wojnarowski (Twitter link), Cleveland is acquiring Jones without sending out a player of its own. That’s possible because the big man is in the second year of a two-year, minimum-salary contract, so his salary can be taken on using the minimum salary exception.
Jones picked up his $2,586,665 player option for the 2023/24 season last week.
A former first-round pick, Jones signed with the Lakers last offseason after playing for five different teams in his first six NBA seasons, then was sent to the Jazz in the three-team trade-deadline deal involving D’Angelo Russell, Russell Westbrook, and Mike Conley.
Jones saw more regular playing time in Utah than he had in Los Angeles, averaging 4.6 points and 3.5 rebounds in 15.8 minutes per contest in his 19 appearances for the Jazz. In total, he played in 41 regular season games and averaged 3.5 PPG and 3.0 RPG in 11.6 MPG.
The Cavaliers have been active in the last 24 hours, but their moves have focused on the wing (Caris LeVert, Max Strus) and forward (Georges Niang) spots. Jones will provide some additional size in the frontcourt behind starting bigs Jarrett Allen and Evan Mobley.
Wizards Sign Kyle Kuzma To Four-Year Contract
JULY 8: The Wizards have officially re-signed Kuzma, per Josh Robbins and Shams Charania of The Athletic (Twitter link).
According to The Athletic’s duo, Kuzma’s four-year deal will actually be worth $90MM guaranteed, with $6MM in unlikely incentives tied to team performance. It won’t contain any team or player options, but it will feature a 15% trade kicker, Robbins and Charania add (via Twitter). It will also have a descending structure, starting at $25.6MM and eventually dipping to $19.4MM by year four.
JUNE 30: The Wizards and forward Kyle Kuzma have agreed to a four-year, $102MM deal that will keep him in Washington, agent Austin Brown tells Adrian Wojnarowski of ESPN (Twitter link).
Kuzma is coming off a career year, averaging 21.2 points, 7.2 rebounds and 3.7 assists on .448/.333/.730 shooting in 64 games last season (35.0 minutes). His points, assists and minutes per game all represented career highs.
A former late first-round pick (27th overall in 2017), Kuzma won a championship with the Lakers in 2019/20, having spent his first four seasons in Los Angeles. He was sent to the Wizards in the summer of 2021 as part of the Russell Westbrook trade.
It’s an interesting transaction for both Kuzma and the Wizards, who have drastically remade their roster after trading Bradley Beal (to Phoenix) and Kristaps Porzingis (to Boston). Kuzma was looking for a major payday after declining his $13MM player option for 2023/24, and he found a nine-figure deal to remain with Washington.
Kuzma, alongside former Warriors guard Jordan Poole (whom the team acquired for Chris Paul), figures to be a major part of the Wizards’ offense in ’23/24. When engaged, he’s also a solid defensive player, and is still developing in other areas.
Still, it remains to be seen whether or not Kuzma will be in Washington’s long-term plans. The team’s front office — led by president Michael Winger — was completely revamped, so time will tell how they’ll choose to build out the roster.
Rory Maher contributed to this story.
Mavs Notes: G. Williams, Kyrie, Holmes, Thybulle
The Mavericks entered this offseason aiming to get younger, more athletic, and stronger defensively, according to Tim Cato of The Athletic, who notes that swapping out Reggie Bullock for Grant Williams could help achieve a couple of those goals. Dallas pivoted to Williams in free agency after missing out on Bruce Brown and will land the restricted free agent in a sign-and-trade deal with Boston.
As Cato outlines, Williams will essentially be playing the role that players like Dorian Finney-Smith and Bullock had in Dallas last season, guarding opposing perimeter threats on defense and stretching the floor on offense.
However, Cato believes that Williams has more to offer on offense than the players he’s replacing, writing that the Mavs’ newest forward isn’t as “static” and could get an opportunity to be a secondary creator when Luka Doncic and/or Kyrie Irving are double-teamed.
Here’s more on the Mavs:
- Irving’s new three-year contract, originally reported to be worth $126MM, actually has a guaranteed base value of $120MM, tweets ESPN’s Bobby Marks. The remaining $6MM is made up incentives that are tied to games played and team success — Kyrie can earn $1MM per year by playing at least 65 games and $1MM each year the Mavs get to 50 wins (and Irving plays at least 58 games), reports Tim MacMahon of ESPN (Twitter link).
- Richaun Holmes waived his $1.8MM trade kicker as part of the deal that sent him from Sacramento to Dallas, per MacMahon (Twitter link). That gave the Mavericks a little extra flexibility under their hard cap for their offer sheet to Matisse Thybulle, which was matched by Portland. The Mavs’ team salary remains $10.9MM below that hard cap, according to MacMahon and Marks.
- Thybulle will be returning to the Trail Blazers after they matched his offer sheet, but it doesn’t sound like that was his preferred outcome. On the #thisleague UNCUT podcast, Marc Stein said that ending up in Dallas was something Thybulle had “been wanting even before this summer,” and Chris Haynes agreed. “Matisse desperately wanted to be a member of the Dallas Mavericks,” Haynes said (hat tip to Ashish Mathur of Heavy.com).
Paul Reed Receives Offer Sheet From Jazz
Restricted free agent Paul Reed has signed an offer sheet with the Jazz worth $23MM over three years, according to ESPN’s Adrian Wojnarowski. The Sixers will have until 11:59 p.m. on Sunday to match the offer if they want to keep Reed.
Sources tell Wojnarowski that the offer contains a unique provision that guarantees the first season of the new contract, while the other two will only become guaranteed if his team reaches the conference semifinals in 2023/24. That would total $15.7MM over two years, and Wojnarowski points out that Philadelphia is much more likely than Utah to advance in the playoffs during the upcoming season.
Woj also notes that the Sixers will exceed the $165MM luxury tax threshold if they match Reed’s offer, which would cost them an estimated $14MM in tax penalties. Reed would have the option to veto trades for a year if he stays with Philadelphia.
The Jazz will use their $7.7MM room exception to complete Reed’s offer sheet, tweets Bobby Marks of ESPN. He points out that Utah used its cap space in its trade for John Collins and its renegotiation-and-extension with Jordan Clarkson, whose salary for 2023/24 rose from $14.3MM to $23.5MM.
Reed saw his role expand in his third NBA season as he averaged 4.2 points and 3.8 rebounds in 69 games. He emerged as the primary backup to Joel Embiid as the season wore on and appeared in all 11 playoff contests.
The Sixers are re-signing Montrezl Harrell and are adding free agent center Mohamed Bamba, so Reed’s role might not be as secure if he stays in Philadelphia for another season.