Cavs Acquire Max Strus In Three-Team Sign-And-Trade
JULY 6: The trade is official, the Heat announced (via Twitter). As part of the deal, Miami will also swap second-round picks with the Spurs, with Miami receiving a 2027 selection and San Antonio receiving a 2026 pick. The Cavs are also sending cash to the Spurs.
JULY 1: The Cavaliers, Heat, and Spurs have agreed to a three-team deal that will land Max Strus in Cleveland via sign-and-trade, reports Adrian Wojnarowski of ESPN (Twitter link). Agent Mark Bartelstein tells Wojnarowski that Strus has agreed to a four-year, $63MM contract with the Cavs.
Miami will acquire a second-round pick and will create a trade exception in the deal, while San Antonio will receive Cedi Osman, Lamar Stevens, and a second-round pick, according to Wojnarowski.
The second-rounder going to Miami is the Lakers’ 2026 pick, while the one headed to San Antonio is Cleveland’s 2030 selection, reports Chris Fedor of Cleveland.com.
Strus had been repeatedly mentioned as a top target for the Cavs in the days and hours leading up to free agency. A report on Thursday indicated Cleveland hoped its $12.4MM mid-level exception would be enough to land the 27-year-old, but with rumors suggesting his market was above the MLE, a report on Friday suggested the Cavs were looking into three-team sign-and-trade scenarios.
Right before free agency opened, Marc Stein reported that a scenario in which the Cavs sign-and-trade for Strus and use their mid-level exception to add Georges Niang appeared “increasingly likely.” Sure enough, Cleveland is poised to add both players, having reached an agreement with Niang on Friday night.
A former undrafted free agent who had brief stints in Boston and Chicago early in his career, Strus blossomed into a reliable rotation player in Miami during the last two seasons. In 148 games since the start of 2021/22, he has averaged 11.1 points and 3.1 rebounds in 26.1 minutes per night, with a shooting line of .423/.376/.845. He moved ahead of Duncan Robinson in the Heat’s rotation during that time in large part due to his more stable presence on defense.
The Cavs had been on the lookout for a wing to complement starters Donovan Mitchell, Darius Garland, Jarrett Allen, and Evan Mobley for the better part of the year. Strus should slot into that role nicely along with Caris LeVert, who also agreed to return to Cleveland.
In moving off Osman and Stevens in this trade, the Cavs should still be about $12.5MM below the luxury tax line with 10 players on the books, tweets Yossi Gozlan of HoopsHype.
The Heat, who project to be a taxpayer in 2023/24, had been bracing for Strus’ departure, recognizing that they weren’t prepared to match his price on the open market. They reportedly didn’t want to take any salary back in a sign-and-trade and were able to achieve that goal. The traded player exception they generate as part of the transaction will be worth half of Strus’ first-year salary — based on the reported terms of his deal, that TPE should come in at about $7MM.
As for the Spurs, they entered the day with more leftover cap room than any other NBA team and will use a portion of it to add a second-round pick and two forwards who are on expiring contracts and who should be in the mix for rotation roles if they remain on San Antonio’s roster.
Osman, who will earn $6.7MM in 2023/24 before reaching unrestricted free agency, has been a rotation player in Cleveland for the last six seasons, averaging 9.7 PPG, 3.0 RPG, and 2.0 APG with a .353 3PT% in 404 games (23.6 MPG) during that time.
Stevens, a solid defensive wing who doesn’t provide much on offense, has a $1.93MM non-guaranteed salary — some or all of that money will become guaranteed as part of this deal in order to satisfy the NBA’s salary-matching rules.
The Spurs will still have approximately $23-26MM in cap space available.
Southwest Notes: Bullock, Wembanyama, Grizzlies, Kleber
The sign-and-trade agreement that is sending Reggie Bullock and a 2030 first-round pick swap (via Dallas) to the Spurs could help them both now and in the future, according to Jeff McDonald of The San Antonio Express-News (subscriber link).
As McDonald writes, Bullock will immediately become the oldest player (32) on the roster, with an opportunity to serve as a veteran mentor while competing for rotation minutes. His $10.5MM expiring contract will also push the Spurs above the salary cap floor, giving them access to the annual tax payment from the league’s biggest spenders.
However, the pick swap could turn out to be the real prize, McDonald notes. No. 1 overall pick Victor Wembanyama theoretically will be in his prime in seven years, which might give San Antonio an edge in terms of having a better record than Dallas in 2030 (and thus the swap conveying).
Here’s more from the Southwest:
- Speaking of Wembanyama, the Spurs will be cautious with their franchise player, but that doesn’t mean they have durability concerns about the 7’4″ big man, writes Mark Medina of Sportsnaut. It’s normal for top draft picks to have their minutes limited during Summer League action, as Wembanyama will when he makes his debut on Friday in Las Vegas, Medina notes. People around the league believe the Spurs are focused on Wembanyama’s transition to the NBA being as seamless as possible, which is why they want to limit his workload early on.
- The Grizzlies‘ playing style won’t change with Ja Morant suspended for the first 25 games of 2023/24, head coach Taylor Jenkins said on NBA TV. “Our system doesn’t change,” Jenkins said, per Damichael Cole of The Memphis Commercial Appeal. “What we emphasize offensively — the pace, the space, the unselfishness — defensively, the discipline nature that we got to have every single night, that’s what we’re going to lean on.” The Grizzlies will also be looking for internal development from Desmond Bane and Jaren Jackson Jr. to fill Morant’s void, Jenkins added.
- Maxi Kleber‘s ’22/23 campaign was ravaged by injury, having suffered a torn hamstring in December that required surgery. The Mavericks big man is healthy again now and feels much more like himself, he tells Eddie Sefko of Mavs.com. “I’m ready, yeah. That’s what I’ve been preparing for,” Kleber said when asked if he’s ready for an injury-free season. “Last year was obviously frustrating because I was out for so long. And even coming back, I had so many issues. I couldn’t move properly. It’s something you don’t want to have to deal with during the season. So it was good to have this summer actually to recover and do some work.” Kleber also told Sefko he’ll play for Germany in the World Cup next month, his first national team appearance in several years due to various injuries.
Celtics Sign Jordan Walsh To Four-Year Deal
4:42pm: The deal is official, according to a press release issued by the Celtics.
3:44pm: The Celtics have reached an agreement on a four-year contract with second-round pick Jordan Walsh, reports Michael Scotto of HoopsHype (Twitter link). Walsh’s four-year deal will be worth $7.6MM, league sources tell Scotto.
Boston made a series of trades on draft nights, moving down multiple times and ultimately ending up with just one pick, at No. 38 overall. The club used that selection to nab Walsh, who declared for the 2023 draft as an early entrant following his freshman year at Arkansas.
In his first and only college season, the 6’7″ forward averaged 7.1 points, 3.9 rebounds, and 1.1 steals in 24.4 minutes per game (36 contests) with a shooting line of .433/.278/.712. Despite his modest college stats, Walsh intrigued NBA teams due to his athleticism and defensive versatility.
The NBA’s new second-round pick exception will allow the Celtics to sign Walsh to a four-year deal without requiring cap room or the mid-level exception to do so. Based on the terms reported by Scotto, it sounds like Walsh will receive the rookie minimum salary across all four seasons. As our minimum-salary chart shows, a rookie signing a four-year, minimum-salary contract in 2023/24 will be in line for a total of $7,639,302.
The second-round pick exception requires that the final year of the contract be a team option, but teams and players can negotiate the guarantee amounts on the earlier seasons. I’d expect Walsh to receive at least one or two fully guaranteed years on his first NBA deal.
Bucks Officially Sign Middleton, Lopez, Beasley
The Bucks have officially completed three of their reported free agent signings, having re-signed forward Khris Middleton and center Brook Lopez while also adding swingman Malik Beasley, according to NBA.com’s transaction log.
Middleton reached a deal with the Bucks during the first couple hours of free agency last Friday evening, reportedly agreeing to terms on a three-year contract that will pay him $102MM.
Middleton turned down a $40.4MM player option in order to secure a more significant overall financial commitment, though he’ll accept a lower salary in 2023/24. That reduction should help the Bucks’ luxury tax situation in the short term.
Lopez, who drew significant free agent interest from the Rockets, ultimately rebuffed Houston’s advances in order to return to Milwaukee on a two-year deal worth a reported $48MM. He and the Bucks reached that agreement on Saturday.
The veteran center and former All-Star had one of his best NBA seasons in 2022/23, bumping his scoring average to 15.9 PPG (his best mark since his Brooklyn days) and finishing as the runner-up in Defensive Player of the Year voting.
As for Beasley, he’s joining the Bucks on a one-year, minimum-salary contract after finishing last season with the Lakers. The veteran wing, who agreed on Monday to sign with Milwaukee is a career 37.8% three-point shooter on 5.8 attempts per game, so he’ll help spread the floor for his new team in 2023/24.
The Bucks are still on track to formally complete deals with Jae Crowder, Robin Lopez, and A.J. Green as well.
Julian Strawther Signs Rookie Contract With Nuggets
The Nuggets have signed No. 29 overall pick Julian Strawther to his rookie scale contract, according to the official transaction log at NBA.com.
Strawther, 21, played three college seasons at Gonzaga before putting his name in the 2023 draft as an early entrant. In 37 games (31.2 MPG) with the Bulldogs in 2022/23, the small forward averaged 15.2 points and 6.2 rebounds on .469/.408/.776 shooting.
The Celtics originally held the No. 29 pick, but traded it to the Pacers last year in the Malcolm Brogdon deal. The Pacers sent the rights to the Nos. 29 and 32 picks to Denver as part of a four-team trade last month.
Speaking of the No. 32 pick, Jalen Pickett‘s four-year contract with the Nuggets is now official, per NBA.com, as is Hunter Tyson‘s (No. 37). Denver also acquired the rights to Tyson in the four-team deal.
Assuming he receives the maximum allowable 120% of the rookie scale amount, which virtually every first-rounder does, Strawther will earn approximately $2.4MM as a rookie and nearly $12.5MM if he plays out his full four-year rookie contract. The first two years are guaranteed, while the third and fourth are team options.
Warriors, Wizards Officially Complete Chris Paul, Jordan Poole Trade
The Wizards have officially traded point guard Chris Paul to the Warriors, completing a deal that was first reported on draft day. The Warriors confirmed the move in a press release (Twitter link).
In exchange for Paul, Washington received guards Jordan Poole and Ryan Rollins, forward Patrick Baldwin Jr., the Warriors’ 2030 first-round pick (top-20 protected), Golden State’s 2027 second-round pick, and cash, per a Wizards announcement.
One of the most accomplished point guards in NBA history, Paul holds career averages of 17.9 points, 9.5 assists, 4.5 rebounds, and 2.1 steals per game on .472/.369/.870 shooting in 1214 regular season appearances across 18 NBA seasons. His 13.9 PPG in 2022/23 represented a career low, but he still shot the ball well (.440/.375/.831) and contributed 8.9 APG, 4.3 RPG and 1.5 SPG in 59 regular season contests.
In Golden State, CP3 will team up with Warriors stars Stephen Curry, Klay Thompson, and Draymond Green in search of his first NBA championship. Golden State will also create long-term cap flexibility in the deal by replacing Jordan Poole’s four-year, $123MM+ extension with Paul’s pseudo-expiring $30.8MM contract. Paul is under contract for 2024/25 too, but his $30MM salary for that season is non-guaranteed.
The Wizards, who initially acquired Paul from the Suns in their Bradley Beal blockbuster, will roll the dice on Poole and a pair of 2022 draftees while also securing a pair of draft assets in the deal.
Because draft picks can’t be protected more than seven years out, the Warriors’ top-20 protected 2030 first-round pick won’t roll over to 2031 if it doesn’t convey in ’30. The exact terms of the protection aren’t yet known, but I expect Washington will instead receive Golden State’s 2030 second-rounder if that first-rounder lands in the top 20.
You can read more about this trade in our initial June report.
Celtics Rumors: Brown, Lillard, G. Williams, Tatum, Johnson
Just because the Celtics and Jaylen Brown didn’t immediately agree to a super-max extension once he became eligible on July 1 doesn’t mean anything is amiss, writes Adam Himmelsbach of The Boston Globe (subscriber link). Sources tell Himmselsbach that the Celtics aren’t shopping Brown and don’t plan to low-ball him once they begin negotiating.
Himmselsbach reiterates a point that other reporters have made, that Boston might push for some incentives in the deal, but there’s still an expectation that Brown will eventually receive and sign his super-max at some point. The two sides are expected to discuss the massive extension on Friday during Las Vegas Summer League, Himmselsbach adds.
Here’s more on the Celtics:
- Boston has accumulated several draft picks via trade this offseason, leading to speculation the Celtics could be looking for a major deal. However, although the team eventually plans to cash in on its draft equity for a “seismic strike,” such a move appears unlikely this offseason, sources tell Himmelsbach.
- According to Himmselsbach, the Celtics aren’t pursuing Trail Blazers star Damian Lillard and don’t intend to get involved in that situation unless they find something favorable as part of a multi-team deal. ESPN recently reported that Boston “expressed some interest” in the All-NBA guard.
- While the Celtics valued Grant Williams, they recognized that his role was in flux after acquiring Kristaps Porzingis, whose acquisition came as a surprise to the organization, sources tell Himmselsbach. Williams wanted an opportunity for consistent playing time which Boston couldn’t guarantee, and that factored into Brad Stevens‘ decision to agree to sign-and-trade Williams to Dallas.
- The Celtics are willing to exceed the second tax apron in the future and still project to be a taxpayer, but retaining Williams on the contract he received would have added $40MM to the tax bill. Boston didn’t think that made sense financially, given his uncertain role, says Himmelbach.
- Losing Marcus Smart (as part of the Porzingis trade) and Williams will leave a leadership and toughness void, according to Himmselsbach. However, the Celtics expect stars Brown and Jayson Tatum to fill that void. The team felt the two wings deferred to Smart at times in key moments, but obviously that will change.
- Tatum was close to Williams, but he understood the team’s decision to move the restricted free agent and is focused on improving the team’s roster, sources tell Himmelsbach.
- Free agent forward Alize Johnson will workout for the Celtics this week, according to Michael Scotto of HoopsHype. The five-year NBA veteran played four games for the Spurs in 2022/23.
Cameron Johnson Signs Four-Year Contract With Nets
JULY 6: The Nets have officially re-signed Johnson, the team confirmed today in a press release.
“Re-signing Cam was our top priority throughout this free agency period, and we are thrilled to have him remain in Brooklyn as a core member of the Nets for years to come,” Nets general manager Sean Marks said in a statement. “Since the moment he arrived last season, Cam immediately embraced a leadership role both on and off the court. His versatile skillset as a two-way wing has proven to be an ideal fit with our roster, and we look forward to the positive impact he will continue to bring to our team and the Brooklyn community.”
JUNE 30: Restricted free agent forward Cameron Johnson wasted no time in coming to a contract agreement with the Nets, according to Adrian Wojnarowski of ESPN (Twitter link). Johnson will sign a four-year, $108MM contract to remain in Brooklyn, agent Steven Heumann tells Wojnarowski.
Michael Scotto of HoopsHype clarifies (via Twitter) that Johnson will be able to earn up to $108MM with incentives, so it sounds like the base value of the deal will be a little lower than that.
The 11th overall pick in the 2019 draft, Johnson immediately emerged as a rotation player for the Suns as a rookie and has steadily improved since then, increasing his scoring average in each of his three subsequent seasons.
Johnson, who was dealt from Phoenix to Brooklyn in February’s Kevin Durant blockbuster, saw his 2022/23 season debut delayed by a knee injury, but played well after returning, averaging 15.5 points, 4.4 rebounds, and 1.9 assists in 28.5 minutes per night across 42 appearances for the Suns and Nets.
Johnson’s shooting is his calling card. His shooting line this past season was an impressive .470/.404/.842, and he has made 39.3% of 5.6 three-point attempts per game over the course of his career. And while he’s not an elite defender, he has the size and versatility to guard either forward spot.
The Pistons were rumored to be considering a play for Johnson in free agency, but they reached an agreement with the Nets earlier in the day on Friday to acquire Joe Harris in a trade. That move essentially took the Pistons out of the running for Johnson, since Harris gave them the shooter they sought while taking up a significant chunk of their cap room. The move also gave the Nets more flexibility below the luxury tax line to make a strong offer to Johnson.
With Mikal Bridges locked up for the next three seasons and Johnson secured for the next four, the Nets are poised to build around the two former Suns forward who came over in the Durant trade.
Pacers Sign Tyrese Haliburton To Rookie Scale Max Extension
JULY 6: The Pacers have officially Haliburton to his maximum-salary rookie scale extension, the team announced today.
The contract doesn’t feature a player option, but does have a 15% trade kicker, according to Tony East of SI.com (Twitter link), who confirms that a spot on any of the three All-NBA teams next season will bump Haliburton up to the full 30% max.
JUNE 30: Point guard Tyrese Haliburton is signing a five-year, rookie scale max extension with the Pacers, agents Dave Spahn and Aaron Mintz tell ESPN’s Adrian Wojnarowski (Twitter link).
As a designated rookie, Haliburton will earn at least 25% of the 2024/25 salary cap, which is when his extension will officially kick in. However, Wojnarowski suggests the contract will feature Rose rule language that could boost the value to 30% of the cap over five years.
To receive the 30% max, Haliburton will have to meet one of three performance criteria next season: All-NBA, Defensive Player of the Year, or MVP. If he earns one of those honors and the cap increases by 10% in ’24/25, Haliburton’s deal would be worth $260MM.
The 23-year-old averaged 20.7 PPG, 10.4 APG, 3.7 RPG and 1.6 SPG on an excellent .490/.400/.871 shooting line in 56 games (33.6 MPG) in ’22/23, earning his first All-Star nod in the process. The former first-round pick just finished his third season, making him eligible for a rookie scale extension.
Several draft analysts had Haliburton high on their boards, but he wound up falling to the Kings at No. 12 overall in 2020. He played very well in his stint with Sacramento, but his fit with fellow point guard De’Aaron Fox was less than perfect, particularly defensively, so the Kings memorably traded him in February 2022 for a package headlined by big man Domantas Sabonis.
The deal has worked out well for both teams. Sabonis helped the Kings break their record-long playoff drought, while Haliburton has shined in a featured role with Indiana.
Advanced stats nearly universally say Haliburton has been the top player from the 2020 draft class through three seasons. His efficiency and excellent decision-making stand out.
The 23-year-old only averaged 2.5 turnovers per game last season, good for a 4.15-to-1 assist-to-turnover ratio – an top-tier mark. Indiana went 28-28 with him in the lineup, versus 7-19 without him.
The Pacers are looking to take a step forward in ’23/24, which will be the final year of Haliburton’s rookie deal. They agreed to two-year, $45MM contract with Bruce Brown, who helped the Nuggets win their first championship in June, and have their eyes set on the playoffs.
Scotto’s Latest: Beasley, Bucks, Plumlee, Spurs, McDaniels, McLemore
Before he agreed to join the Bucks on a minimum-salary deal, free agent swingman Malik Beasley received interest from several teams, including the Mavericks, writes Michael Scotto of HoopsHype. According to Scotto, Dallas considered the possibility of acquiring Beasley from the Lakers via sign-and-trade, but it didn’t work out.
New Bucks head coach Adrian Griffin was a factor in getting Beasley to Milwaukee, having spoken to the veteran wing during the team’s recruiting pitch, sources tell Scotto.
The Bucks currently have 12 players pencil in for standard contracts in 2023/24. Scotto hears that Thanasis Antetokounmpo and No. 36 pick Andre Jackson are candidates to end up on the 15-man roster. The team also needs to decide what type of contract No. 58 pick Chris Livingston will sign, Scotto notes. Currently, Lindell Wigginton and Omari Moore are on two-way contracts with Milwaukee, leaving one open two-way slot.
Here’s more from Scotto:
- Veteran center Mason Plumlee drew interest in free agency from a number of playoff teams, including the Warriors and Hawks, before deciding to remain with the Clippers, league sources tell Scotto.
- The Spurs, having already agreed to get involved in deals that will land them Cedi Osman, Lamar Stevens, and Reggie Bullock, remain open to taking on unwanted contracts in order to add more draft assets, reports Scotto.
- Before signing forward Jalen McDaniels as a free agent, the Raptors tried to trade for him multiple times, including at the 2023 deadline, according to Scotto, who says Toronto has been closely monitoring McDaniels since he was at San Diego State.
- Veteran guard Ben McLemore, who was out of the NBA last season, will work out for multiple NBA teams during the Las Vegas Summer League, per Scotto. McLemore played in China last season after averaging 10.2 PPG in 64 games for Portland in 2021/22.
- In case you missed it, we also rounded up several Knicks-related rumors from Scotto.