Stein’s Latest: Nets, Butler, Giannis, Suns, Nembhard, Coaches
The Nets are the only NBA team projected to have maximum-salary cap room during the 2025 offseason, but they have no plans to pursue Heat forward Jimmy Butler, who could be the biggest free agent on the market next summer, reports Marc Stein in his latest Substack article.
According to Stein, despite their impressive cap flexibility and stash of future draft assets, the Nets aren’t necessarily locked in on the idea of pursuing a star via trade or in free agency over the summer — if no favorable opportunities to land a star arise, they may simply be patient and continue building through the draft.
On the other hand, if Giannis Antetokounmpo were to become available, that would substantially alter the Nets’ plans, according to Stein, who says rumblings around the NBA suggest the Bucks forward would be Brooklyn’s “dream target” and that the Nets would make a push for him if Milwaukee were willing to trade him. That’s probably a long shot this year though, since have been no indications the Bucks would ever consider moving Antetokounmpo unless he specifically asked for it.
Here’s more from Stein:
- Stein is the latest reporter to confirm that there’s strong mutual interest between the Suns and Butler. “I’ve heard they want him bad,” one league source told Stein. Still, until Phoenix can find a taker for Bradley Beal and get Beal to sign off on that destination, the Suns don’t have a path to acquiring the Heat forward.
- Andrew Nembhard would be an ideal target for a team facing apron restrictions due to his $2.02MM cap hit, his long-term team control, and his lack of poison pill restrictions following his extension. However, Stein says the Pacers guard is considered one of the most valuable assets on Indiana’s roster and is viewed as essentially “off-limits” in trade talks.
- Taking an early look at the Coach of the Year race, Stein describes Kenny Atkinson of the Cavaliers as the clear favorite and says he’d fill out his hypothetical ballot with Jamahl Mosley of the Magic at No. 2 and J.B. Bickerstaff of the Pistons at No. 3. Rockets head coach Ime Udoka earns an honorable mention.
Suns, Hornets Have Discussed Nick Richards, Jusuf Nurkic
The Suns and Hornets have had discussions about the idea of a trade that would send Jusuf Nurkic and draft capital to Charlotte and Nick Richards to Phoenix, confirms John Gambadoro of Arizona Sports 98.7 (Twitter links). The talks, described as “ongoing” by Gambadoro, were first reported by Evan Sidery of Forbes (Twitter link), who referred to them as “preliminary.”
Nurkic has fallen out of the rotation in Phoenix. After serving as the Suns’ starting center for most of the season, he came off the bench on Monday and Tuesday, then was a DNP-CD in Thursday’s and Saturday’s games. The veteran big man is known to be on the trade block, but his $18.13MM salary this season and a guaranteed $19.38MM salary for next season will make it difficult to move him.
Richards is a younger, more versatile center whose contract is also far more team-friendly than Nurkic’s — the Hornets’ big man is owed $5MM this season and another $5MM in 2025/26. He has averaged 9.2 points, 7.7 rebounds, and 1.3 blocks in 21.2 minutes per game through 20 games this season.
Given the disparity between the two players’ salaries, the Hornets would have to send out at least one more player (earning at least $5.63MM) to make a trade legal. The Suns would likely prefer Cody Martin ($8.12MM), a versatile wing who is having a solid bounce-back year after a couple injury-plagued seasons, while Charlotte may want to include veteran point guard Vasilije Micic ($7.72MM), the former EuroLeague MVP who has struggled with his shot since making the move to the NBA in 2023.
Both Martin and Micic have one more year of team control beyond this season, but neither player’s 2025/26 salary is guaranteed at this point. The same goes for Richards.
The Suns, who are facing second-apron restrictions, could also legally acquire Grant Williams ($13.03MM) or Josh Green ($12.65MM) along with Richards in exchange for Nurkic, though Williams is out for the season following knee surgery. Both he and Green have two more guaranteed years on their contracts after this season.
Phoenix currently has three tradable second-round picks: Denver’s 2026 and 2031 picks and the Suns’ own 2031 second-rounder. Even if the Suns were willing to include all three of those picks, it’s unclear whether the Hornets would have the appetite to take on Nurkic, whose sizable guaranteed salary would significantly reduce their flexibility in ’25/26 — especially if Charlotte can’t get out of a multiyear deal of its own in the process.
As we wrote earlier today in a Front Office article, the Hornets have several potential trade chips who are earning mid-level money or less, which could make them an intriguing trade partner for a team facing apron-related restrictions. The Suns wouldn’t be able to trade Nurkic for a player earning more than his $18.13MM salary, but could potentially acquire multiple rotation-caliber players from Charlotte if they’re able to sufficiently sweeten the pot with draft assets.
Cap Observations: Bucks/Apron, Hornets’ Trade Chips, Nets’ Cap Room
It hasn't exactly been a quiet start to 2025 on the NBA rumor mill, as Jimmy Butler's trade request has led to plenty of speculation about where the Heat star could land and how a potential deal could impact the rest of the market. But it may still be a couple more weeks before the in-season trade market truly heats up ahead of the February 6 deadline.
In the meantime, we're taking a closer look at a handful of cap-related topics that have been on our minds, including a scenario in which the Bucks aren't subject to second-apron restrictions, an under-the-radar team to watch as a deadline seller, and why cap room projections for the Nets are a little all over the place.
Let's dive in...
Nuggets’ Aaron Gordon To Return On Sunday
Nuggets forward Aaron Gordon is expected to make his return to action on Sunday in Dallas, reports NBA insider Chris Haynes (Twitter video link).
Gordon has been sidelined since Christmas Day, having missed Denver’ past nine games due to a right calf strain. The injury was an aggravation of a strain he suffered in the same calf earlier in the season — that ailment cost him 10 games in November.
As we noted earlier today, Gordon was upgraded to doubtful for Friday’s game vs. Brooklyn before being ruled out, then was listed as questionable for Sunday’s contest against the Mavericks.
A key part of Denver’s starting lineup, Gordon has been his usual effective self when he has been healthy this season, averaging 13.7 points, 5.8 rebounds, and 3.1 assists in 28.8 minutes per game across 17 outings (16 starts). He has also made 52.3% of his shots from the field, including 44.0% of his three-pointers.
The Nuggets have a +8.0 net rating during Gordon’s 489 minutes so far this season; that marks dips to +2.4 when he’s not on the floor.
Russell Westbrook has replaced Gordon in the starting lineup over the past nine games. It’s unclear if Gordon will immediately reclaim his spot — following his 10-game absence in November, he came off the bench in his return before starting his second game back.
Heat Notes: Butler, Herro, Jovic, Highsmith
When the Heat announced that they’d suspended Jimmy Butler for seven games, they explained the decision by stating that the veteran forward had engaged in “multiple instances of conduct detrimental to the team.” However, Ira Winderman of The South Florida Sun Sentinel hears from a source close to the situation that the club at one point sought to suspend Butler for a “failure to render services.”
The difference wouldn’t have just been a matter of semantics. As Winderman outlines, a standard suspension for conduct detrimental to the team costs a player 1/145th of his full-season salary per game. In Butler’s case, that works out to $2,355,798 over seven games. However, when a player is suspended for a failure to render services, it costs him 1/91.6th of his salary per game — that would’ve resulted in $3,729,157 in lost salary for the 35-year-old.
Based on Winderman’s reporting, it’s unclear whether the Heat reconsidered taking that route or were prevented from doing so — it presumably would’ve required the club to prove that Butler, who had been playing in games leading up to the suspension, had refused to render the services required by his contract.
Hours after the Heat initially announced the seven-game ban, the National Basketball Players Association put out a statement indicating it intended to file a grievance. It’s safe to assume the NBPA’s objections to the suspension would’ve been even more vociferous if the team had accused Butler of a failure to render services and attempted to recoup more of his salary.
Here’s more on the Heat:
- After suffering demoralizing losses to Utah and Sacramento in the first two games of Butler’s suspension, the Heat have righted the ship, beating Portland on Saturday for their third straight victory. As Barry Jackson of The Miami Herald points out, two players who were believed to be part of Miami’s 2023 trade offer for then-Blazers guard Damian Lillard led the way in the victory, as Tyler Herro scored a game-high 32 points and Nikola Jovic contributed a personal season-high of 21 points to go along with eight rebounds and five assists. “I like his improvement,” head coach Erik Spoelstra said of Jovic. “He’s playing with more consistency. He’s preparing with more consistency.”
- Jackson notes within the same Herald story that starting Haywood Highsmith at power forward has been a winning formula for Miami this season — the club is 17-11 when he starts and just 3-6 when he doesn’t. “He was great tonight,” Spoelstra said after Satuday’s win. “He gives us, when he’s at his best, point of attack defense, harassing other teams’ better guards and wing players. It’s a thankless job except in our locker room.” Highsmith re-signed with the Heat as an unrestricted free agent during the 2024 offseason on a two-year, $10.8MM deal.
- Road wins in Golden State, Utah, and Portland this week show that the Heat aren’t unraveling without Butler, Jackson writes in a separate article for The Miami Herald. Highsmith told reporters that “the vibes are great,” while Herro said the club has rediscovered its identity. “Just rallying around each other, making it about the guys that are here now, the guys that are in this locker room,” Herro said. “We’ve got enough, and that’s all that matters. This is what we wanted to get back on the road, get away from all the chaos and come out here and compete and get back to who we are and get to our identity.”
- The Lakers‘ and Clippers‘ home games on Saturday were postponed due to the wildfires in the Los Angeles area, but the Heat flew to L.A. on Saturday and are expecting for now to play the Clippers on Monday and Lakers on Wednesday, says Jackson.
Nuggets Notes: Jokic, Westbrook, Gordon, MPJ, Fernandez
Nuggets center Nikola Jokic and point guard Russell Westbrook recorded triple-doubles in the same game on Friday for the second time this season, leading the team to a victory over the shorthanded Nets.
As Bennett Durando of The Denver Post writes, the duo made NBA history by become the first pair of teammates to have 25-point triple-doubles in the same regular season game. Jokic put up 35 points, 15 assists, and 12 rebounds, while Westbrook contributed 25 points, 11 rebounds, and 10 assists.
“(Jokic) does a hell of a job making the game easy for everyone,” Westbrook said. “And since I’ve been here, I’ve been trying to do the same thing and find ways to be able to make the game easy for him and other guys. When we’re both doing that, our team is really good.”
Denver is 10-5 this season when Jokic registers a triple-double and 3-0 when Westbrook does so.
Here’s more on the Nuggets:
- Westbrook has been an ideal fit so far in Denver, according to Tony Jones of The Athletic, who suggests that both the point guard and the team are benefiting from the arrangement — the Nuggets got a veteran leader who can take some pressure off of Jokic with his ball-handling and play-making, while Westbrook got a chance to play more like himself under a coach who believes in him. “I told him that I wanted him to challenge himself to be the best version of himself,” head coach Michael Malone said. “No offense to any of his past coaches, but if you put Russell Westbrook in the corner, you’re not getting the whole package. We’ve made an effort to get the ball into his hands quite a bit this season.”
- Nuggets forward Aaron Gordon appears to be on the verge of returning from the calf strain he aggravated on Christmas Day. After being upgraded to doubtful for Friday’s game, Gordon has been listed as questionable to suit up on Sunday afternoon in Dallas.
- Nuggets forward Michael Porter Jr. is having arguably the best season of his career, with averages of 19.0 points, 6.6 rebounds and 2.5 assists per game on .521/.415/.708 shooting through 37 contests (34.5 MPG). With that in mind, Durando explores in a Denver Post story (subscription required) whether trading Porter would help or hurt the club’s roster. The 26-year-old, who is earning $35.9MM this season, is considered Denver’s most logical trade chip if the team makes a bigger in-season deal, since the other Nuggets with eight-figure cap hits – Jokic, Jamal Murray, and Gordon – aren’t going anywhere.
- Friday’s game between the Nets and Nuggets was the first time that former Nuggets assistant Jordi Fernandez returned to Denver to face his old team as a head coach. As Durando details for The Denver Post, Fernandez said that every year he spent with the Nuggets helped prepare him for his current position with Brooklyn, and his former players are happy to see him succeeding in his new role. “I think he’s doing a good job. I think guys are listening. Guys are playing hard for him,” Jokic said. “I think that’s really important for a coach. … They are trying to do the right thing. They are trying to do what he is probably telling them. So they have some kind of system, and it’s really cool to see. They’re in the beginning of the process, of course. Hopefully, they can grow.”
Jazz Notes: Juzang, Williams, Harkless, Markkanen
The Jazz‘s matchup with the Heat on Thursday gave them a first-hand look at the sort of player they envision as a model for third-year wing Johnny Juzang, writes Kevin Reynolds of The Salt Lake Tribune.
Head coach Will Hardy referred to Heat forward Duncan Robinson as the “poster boy” for the type of unheralded prospect who earns a spot in the NBA with his reliable three-point shooting and length on defense. Like Robinson, Juzang went undrafted out of college, and Hardy said this week that he spoke to the former UCLA standout when he arrived in Utah about how he could stick in the NBA.
“We had a pretty honest conversation about what I felt like he needed to do to make it,” Hardy said. “He was sort of an all-around scorer in college, had the ball a lot. Johnny has two really great gifts. He can really shoot and he is in really good shape. We felt like him becoming a real threat from the three-point line, and making that the centerpiece, would allow him to stick.”
Juzang played sparingly while on a two-way contract during his first two seasons with the Jazz, appearing in just 38 total contests. But he showed enough to earn a multiyear deal this past offseason that includes a guaranteed $3.1MM salary in 2024/25.
The remaining three seasons on the 23-year-old’s contract are non-guaranteed, so he’ll have to continuing proving to Utah’s front office that he deserves his roster spot. He’s off to a promising start this season, having averaged 7.3 points per game with a .400 3PT% through 32 appearances (17.8 MPG), including 9.2 PPG with a .446 3PT% since the start of December.
Here’s more on the Jazz:
- Juzang missed Saturday’s game in Phoenix due to a fracture in his right hand, but the club doesn’t believe that injury will require a lengthy absence. As Andy Larsen of The Salt Lake Tribune relays (via Twitter), the Jazz stated that once the inflammation subsides, they “anticipate he will be able to play with the fracture as pain tolerates.”
- Saturday’s 13-point performance against Phoenix was a promising sign for rookie Cody Williams, who has badly struggled offensively in the first half of the season, Larsen writes for The Tribune (subscription required). Williams’ ball-handling and footwork still need work, but he has shown good touch near the basket out to about 15 feet, Larsen observes. His 13 points on Saturday represented a career high and he was a plus-7 across 22 minutes in a game Utah lost by eight points.
- Elijah Harkless, who signed a two-way contract with Utah at the start of January, made his NBA debut on Saturday vs. the Suns, Larsen notes in the same story. While Harkless has been shooting the ball well this season in the G League, making 40.8% of his three-pointers, he’s best known for his defense. Asked last week by Larsen to introduce his game to Jazz fans, Harkless replied, “I’m competitive. Best on-ball defender on the planet.” He went scoreless with four rebounds in nine minutes on Saturday.
- In case you missed it in our Community Shootaround discussion on Saturday, Jazz forward Lauri Markkanen was among the players labeled by scouts and executives who spoke to Tim Bontemps and Brian Windhorst of ESPN (Insider link) as one of the season’s disappointments so far. “He’s probably not super motivated because the team is tanking,” one executive said of Markkanen, who signed a long-term extension with Utah in August. “But his numbers and his overall level is down across the board.”
Suns Notes: Nurkic, Plumlee, Ighodaro, T. Jones, Dunn, Beal
Suns center Jusuf Nurkic received his second straight DNP-CD in today’s win over Utah, writes Duane Rankin of The Arizona Republic. Nurkic started the first 23 games he appeared in, but he lost that job when coach Mike Budenholzer decided to shake up his starting lineup earlier this week. He played 14 and 19 minutes in the next two games, but now appears to be out of the rotation entirely in favor of Mason Plumlee and Oso Ighodaro.
“He’s a pro,” Budenholzer said about Nurkic following the game. “He’s got to be ready. Everybody is earning their minutes. Everybody is earning their opportunities. We’re going to need everybody as we go through the season.”
The minutes at center were split almost evenly on Saturday, with Plumlee posting six points and 10 rebounds and Ighodaro producing nine points, two rebounds, two steals and two blocks. Rankin notes that Nurkic is the best rebounder of the group, and Utah collected 21 offensive rebounds without him in the game. However, Plumlee and Ighodaro provide increased mobility on both ends of the court and are more likely to keep the ball moving.
Devin Booker told reporters that Ighodaro is “bringing energy and that’s something we’ve been lacking the past couple of weeks.”
There’s more from Phoenix:
- Booker has been running the offense more frequently, which means Tyus Jones is often being used in an off-ball role, Rankin states in the same piece. That’s an unexpected twist for the offseason addition, who appealed to Phoenix because of his elite assist-to-turnover ratio. Rankin notes that Jones’ minutes have declined since he returned from a recent one-game absence due to illness, and he’s no longer in the team’s closing lineup. The Suns have been successful with the new approach, so Rankin expects it to continue.
- After falling to the 28th pick in last year’s draft, Ryan Dunn never expected to be a starter so soon, Rankin adds. Dunn’s defensive skills bring balance to a lineup loaded with scorers. “I didn’t, you now, as much with me being in a starting lineup in getting a lot of minutes, I didn’t expect that for myself,” Dunn said. “I didn’t come here with a lot of expectations. I was coming to work and doing whatever I had to do to play.”
- Bradley Beal, who was also moved to the bench this week, is excelling in his new role as a sixth man, Rankin notes in a separate story. Beal can be more aggressive in providing instant offense as he no longer has to settle for being the third option. “When you look at the whole game, he’s playing a lot of minutes, still getting his shots up,” Kevin Durant said. “So now coming into the games, I feel like he’s just comfortable understanding where his shots are going to come from. Sometimes that’s a struggle not understanding exactly what the role is at that point.”
Latest On Jimmy Butler
As Jimmy Butler serves out his seven-game suspension, the Heat don’t appear any closer to finding someone to take him off their hands, writes Steve Bulpett of Heavy. Numerous executives and other league sources who talked to Bulpett expressed skepticism that Miami will be presented with a deal to its liking before the February 6 trade deadline.
It’s partially due to Butler’s age and desire for a contract extension this summer, but it’s also because of his history of disrupting teams whenever he’s unhappy.
“It’s more difficult than people think,” said one team’s head of basketball operations. “First of all, Jimmy’s 35 and doesn’t have much value. And then the team that would like him the most is probably Phoenix, because they’re so bad and they have the worst contract in (Bradley) Beal. Other than that, I don’t know of any teams that would want to take on Jimmy Butler, other than teams that just want to dump contracts — and Miami won’t go for that. I just don’t know how it’s going to work.
“But all this stuff with Jimmy — all the stuff in Miami and Minnesota and Chicago and Philly — all of it is because he wants to get paid. That’s where he’s at right now. He wants to be paid for what he’s done for Miami.”
Butler, who’s in his sixth year with the Heat, has only appeared in 22 of the team’s first 36 games. Coming into this season, he had vowed to be more available after being challenged by team president Pat Riley when Miami was eliminated from the playoffs last spring. Butler has played 58, 52, 57, 64 and 60 games the past five seasons, and his frequent absences have made the organization reluctant to offer the extension he wants.
Butler is scoring 17.6 PPG so far this season — his lowest mark in more than a decade — although his shooting splits remain strong at .552/.375/.788. At age 35, there’s plenty of doubt around the league about whether he can still play at a level to justify an expensive new contract. Butler has stated that he plans to turn down his $52.4MM player option for next season and test free agency, but that may not be his best financial move if he’s still in Miami past the deadline.
“You’d have to say Jimmy’s been good for Miami overall, but he’s also been very difficult,” a league source told Bulpett. “I think it’s just reached an end. It’s like he’s in charge; he doesn’t play all the time, and he’s had injuries that always seem to come up. He’s not as good as it was. He got a lot of mileage out of being a leader, a go-to guy, a big game player, but he wasn’t there night in and night out.”
Rival executives were skeptical about Riley’s commitment to Butler when he announced in late December that the Heat were taking him off the market, Bulpett adds. The feeling was that Riley was responding to what he viewed as inadequate trade offers.
“I really believe (the Heat) had discussions (with other teams) about Jimmy before Pat said, ‘We’re not trading Jimmy Butler.’ At the very least, they went through every single team and what was realistic — like, there’s only a handful of teams that are trying to win right now and that Jimmy would want to go to,” one executive said. “And Miami looked at everything and basically said they weren’t doing any of that crap. So Pat says they’re not trading him, and Jimmy says what he says. So maybe now Jimmy will be open to more teams that he’d be willing to go to.”
Butler has been working out at Kaseya Center with assistant coach Octavio De La Grana and two other staff members while the Heat are on a road trip, but coach Erik Spoelstra declined to comment on those proceedings before tonight’s game at Portland, according to Barry Jackson of The Miami Herald.
“Of course I’ve talked to him. I’m very close to coach,” Spoelstra told reporters. “That’s between me and coach O, with all due respect.”
Trade talks regarding Butler are ongoing, but the Heat still haven’t received an offer they consider acceptable, a source tells Jackson, who adds that they remain willing to bring him back for a January 17 home game if he’s not traded by then.
Jackson also hears that Miami wouldn’t be opposed to keeping Butler on the roster for the rest of the season and dealing with the situation this summer.
Trail Blazers Notes: Clingan, Sharpe, Thybulle, Grant
Rookie Donovan Clingan posted his first double-double in nearly two months during the Trail Blazers‘ loss at Dallas Thursday night, writes Aaron Fentress of The Oregonian. With Robert Williams resting, Clingan served as Portland’s primary backup center and played more than 24 minutes off the bench.
“I thought DC played great,” coach Chauncey Billups said. “I really did. His minutes were good. … He had some big finishes around the basket and he played really tough.”
Fentress notes that Clingan hasn’t put up those type of numbers since November 13 when he had 17 points and 12 rebounds while starting in place of an injured Deandre Ayton. He suffered a knee strain later that month that sidelined him for seven games and affected his conditioning, but he appears to be fully back in game shape.
“It was good to see him back to being DC again,” Billups added. “That was extremely positive.”
There’s more from Portland:
- Even though the Blazers remain near the bottom of the West at 13-24, they’re coming off a promising five-game road trip, Fentress adds in a separate story. Portland went 2-3, but could have been 4-1 if two big leads hadn’t slipped away. “Learning how to play down the stretch of games,” Billups said. “What’s important. How to take care of the ball. How to get the right shots. Getting the ball in the right guy’s hands. We can preach it until they’re blue in the face, but until you’re actually in the hit, in the moment, is when you actually learn it.”
- A potential rookie-scale extension for Shaedon Sharpe will be one of the most important decisions facing Blazers management this summer, Sean Highkin of Rose Garden Report states in a mailbag column. Current projections have the max for Sharpe’s 2022 draft class at nearly $247MM over five years. Highkin expects a new deal for Sharpe to be more in line with the Pelicans’ Trey Murphy at $112MM over four years or the Magic’s Jalen Suggs and the Hawks’ Jalen Johnson, who each got $150MM over five years. Sharpe would become a restricted free agent in 2026 if he doesn’t reach an extension before the start of next season.
- Swingman Matisse Thybulle will be reevaluated in two weeks as he works his way back from a sprained right ankle, the Trail Blazers announced (via Twitter). Thybulle, who appeared in 65 games last year, has yet to play this season.
- Jerami Grant will miss his sixth straight game tonight with a face contusion. Billups said Grant continues to experience jaw and neck soreness, but he will start ramping up soon in preparation for a return, Highkin tweets.