Free Agent Notes: Cancar, Suns, Lowry, Sixers, Martin, Hield
When the Nuggets declined their team option on Vlatko Cancar for the 2024/25 season, multiple reports indicated that the two sides would likely work out a new minimum-salary deal that would both increase the forward’s salary (from the $2.35MM the option would have paid to $2.43MM) and reduce Denver’s cap hit (from $2.35MM to $2.09MM).
That deal hasn’t happened yet, but Cancar – who is representing Slovenia at the Olympic qualifying tournament in Greece after missing the 2023/24 season with a torn ACL – expressed a desire to return to Denver, per Antonis Stroggylakis of Eurohoops.
“I’m still waiting on their decision, We’ll see,” Cancar said. “… I want to be back. My goal is to be back. Hopefully there’s room.”
As Harris Stavrou of SPORTS24 tweets, Nuggets general manager Calvin Booth was at the Olympic qualifiers on Thursday watching Cancar and the Slovenians secure a spot in the semifinals by defeating New Zealand. Nuggets scout Marty Pocius was also in attendance with Booth, tweets Harrison Wind of DNVR Sports.
Here are a few more notes on free agency:
- Even after signing Monte Morris, the Suns are still believed to have interest in veteran point guard Kyle Lowry, tweets John Gambadoro of Arizona Sports 98.7. However, Gambadoro says Lowry may be a long shot for Phoenix since the team can only offer the veteran’s minimum to outside free agents. The Suns are also still working on a new deal for their own free agent Josh Okogie, Gambadoro adds.
- The Sixers definitely have interest in free agent forward Caleb Martin, according to Kyle Neubeck of PHLY Sports (Twitter link), but he may be out of range of what they can realistically offer him. Philadelphia is expected to continue to monitor Martin’s market, says Neubeck.
- The Pistons and Lakers were among Buddy Hield‘s other free agent suitors before he decided to join the Warriors, per Shams Charania of The Athletic. According to Charania, the veteran sharpshooter chose Golden State “because of the opportunity to win.”
FA/Trade Rumors: Sixers, Heat, DeRozan, Warriors, Markkanen, Lakers, More
Signs are pointing toward Paul Reed being traded or waived rather than returning to the Sixers, according to Keith Pompey of The Philadelphia Inquirer, who notes that waiving Reed or using his pseudo-expiring $7.7MM contract as a trade chip would allow the team to maximize its cap room. Pompey adds that Philadelphia has had discussions with free agent forward Haywood Highsmith, while Barry Jackson of The Miami Herald tweets that the 76ers have also “poked around” on Caleb Martin.
Although the Heat remain in the mix for both of their free agents and could technically make Martin and Highsmith big offers, they’ve told people they don’t intend to surpass the second tax apron due to the roster-building restrictions that second-apron teams face, says Jackson (Twitter link). That limits Miami’s ability to make a competitive offer to either player.
Despite the Heat’s financial restrictions, Jovan Buha of The Athletic has heard from league sources that Miami is viewed as the “slight” favorite to land DeMar DeRozan. The team doesn’t have the spending flexibility to make it work without additional moves, but DeRozan likes the idea of playing for the Heat and the two sides have remained in touch, tweets Jackson.
Here are a few more rumors and notes related to the trade and free agent markets:
- The Warriors and Spurs are considered the most serious suitors for Jazz forward Lauri Markkanen, according to Chris Haynes of Bleacher Report (video link), who says Golden State has been the most aggressive team in its pursuit of Markkanen.
- Appearing on SportsCenter on ESPN (Twitter video link), Adrian Wojnarowski said the Lakers aren’t interested in using their tradable draft picks just to move off contracts, but would be open to including draft assets for a quality player. However, they’re not pursuing a deal for a high-salary impact player, since they’re skeptical the three-star model is feasible under the new CBA, Wojnarowski explains.
- While a report on Monday suggested the Nets are open to reuniting with Lakers guard D’Angelo Russell, sources tell Brian Lewis of The New York Post that’s not expected to happen.
- In an appearance on Sactown Sports 1140 (YouTube link), Sam Amick of The Athletic said that he’s skeptical the Kings will land Markkanen or Pelicans forward Brandon Ingram, noting that Sacramento still appears to be taking a hard line in its desire to keep Keegan Murray off the table in trade talks. “I don’t know how long the list of guys is that they would give Keegan up for, but it’s not anybody currently available on the market,” Amick said.
FA Rumors: DeRozan, Kings, Hield, Warriors, Martin, Heat, Hezonja
Assuming DeMar DeRozan doesn’t sign with a cap-room team, it will almost certainly require a sign-and-trade to land him, per Chris Haynes of Bleacher Report (video link). As Haynes explains, DeRozan has no interest in settling for a mid-level offer.
“For the teams that might be calling or gauging interest in DeMar taking a full mid-level exception, which is around $13MM, I’m told that is not even being considered right now,” Haynes said on Tuesday.
The Bulls won’t bring back DeRozan, but they’re open to working with him on a sign-and-trade to help him get where he wants, Haynes confirms. Still, negotiating that sort of deal will be a challenge, given that some of the forward’s suitors (like Miami) aren’t in a great financial position to make a sign-and-trade. I’d also expect Chicago will be reluctant to take back much salary, since the team projects to be about $13MM below the luxury tax line, though that number is fluid and would move up or down if other moves are made.
Appearing on ESPN’s NBA Today on Tuesday (Twitter video link), Marc J. Spears of Andscape identified the Kings as one “dark horse” suitor to watch for DeRozan. Sacramento has reportedly made Harrison Barnes, Kevin Huerter, and draft capital available in trade talks (in general, not for DeRozan specifically) as the team looks to upgrade its roster around Domantas Sabonis and De’Aaron Fox. Previous reporting has indicated that the Bulls like Huerter.
Here are a few more free agency updates from around the NBA:
- Buddy Hield doesn’t have an agreement in place with the Warriors yet, but the two sides are “tracking toward” a deal, according to Jake Fischer of Yahoo Sports (Twitter links), who says that a sign-and-trade would likely see the Sixers receive second-round draft capital in return. If Golden State doesn’t send out additional salary, the club would have to absorb both Hield and Kyle Anderson into a trade exception created by sending Klay Thompson to Dallas, or complete all three of those moves as one multi-team mega-deal in order to maximize Thompson’s outgoing salary as a matching piece (John Hollinger of The Athletic briefly explored this more complex possibility on Tuesday night).
- While Caleb Martin‘s return to the Heat is still considered unlikely, it shouldn’t be entirely ruled out, according to Barry Jackson and Anthony Chiang, who suggest in a pair of stories for The Miami Herald that the team’s interest in re-signing Martin hasn’t waned as long as the price is right. Jackson and Chiang also say that Miami remains in the mix to sign Haywood Highsmith, though his return is “far from guaranteed.”
- The Heat had initial discussions with DeMar DeRozan on Tuesday and expect to follow up on Wednesday, but there have been no indications that the club will “move mountains” (ie. shed significant salary) in order to land him, Jackson tweets.
- Although Real Madrid has officially announced its new five-year contract with Mario Hezonja, the veteran forward has an NBA-opt out until July 20 with a modest buyout figure and has received interest from “numerous” NBA teams, according to Donatas Urbonas of BasketNews.com. The 29-year-old, who was the fifth overall pick in the 2015 draft, appeared in 330 NBA regular season games but has been out of the league since 2020.
Free Agency Rumors: Theis, Magic, Heat, Raptors, Rockets
Veteran center Daniel Theis has received interest in free agency from several suitors, including the Grizzlies, Pelicans, and Bucks, reports Kelly Iko of The Athletic (Twitter link).
Theis won the 2023 FIBA World Cup with Germany last year, then joined the Clippers in the fall after negotiating a buyout with the Pacers. He served as the backup center in Los Angeles while Mason Plumlee missed time due to an injury and averaged 6.3 points, 4.1 rebounds, and 0.9 blocks in 17.1 minutes per game across 59 outings.
A second-apron team, Milwaukee is limited to offering minimum-salary contracts to outside free agents, while Memphis and New Orleans have financial constraints of their own to consider, so Theis is unlikely to secure a big payday from any of those suitors. Still, they could certainly offer him a path to playing time.
The Grizzlies traded away Steven Adams and Xavier Tillman last season, while New Orleans lost Jonas Valanciunas and Larry Nance Jr. this summer. Milwaukee has Brook Lopez manning the middle, but his name came up in trade rumors last month.
Here are a few more free agency notes from around the NBA:
- Although the Magic still have a chunk of cap room left over, they don’t appear to be aggressively pursuing outside free agents using that room. Jason Beede of The Orlando Sentinel (subscription required) hears that there continues to be mutual interest in new deals for free agents Moritz Wagner and Joe Ingles — if both players return, Orlando would have 15 players on standard contracts. A report on Monday suggested the team is also exploring using some cap room to renegotiate and extend Jonathan Isaac‘s contract.
- Caleb Martin doesn’t have a deal in place with a new team yet, but Ira Winderman of The South Florida Sun Sentinel (Twitter link) still views him as “all but gone” from the Heat. Re-signing Haywood Highsmith remains a possibility for Miami, per Winderman, who says the team may also sign another veteran free agent for the minimum. Winderman names Dennis Smith Jr. as a possible Heat target.
- Free agent wing Gary Trent Jr. appears likely to leave the Raptors, according to Eric Koreen of The Athletic. As Koreen details, Toronto’s agreement with Garrett Temple means there are already 15 players projected to be on guaranteed contracts if second-round picks Jonathan Mogbo and Jamal Shead are signed using the second-round exception, as expected. In other words, the team’s free agent business might be just about done.
- Kelly Iko of The Athletic hears that Trent had some interest in reuniting with former teammate Fred VanVleet in Houston, but the Rockets are another team who likely won’t do much more free agent shopping. Following the additions of Reed Sheppard and AJ Griffin, along with a new deal with Aaron Holiday, Houston projects to have 15 players under contract. While the Rockets would certainly still be interested in acquiring a young star, the two players they’ve been monitoring most closely, per Iko – Donovan Mitchell and Devin Booker – aren’t available, and the asking price for Jazz forward Lauri Markkanen was considered too high.
Southeast Notes: Wizards, Martin, Murray, Bridges
The Wizards held a press conference Saturday to introduce their three first-round picks, who are products of an aggressive strategy to add young talent in this year’s draft, writes Sapna Bansil of The Washington Post. Heading into Wednesday night with the second and 26th selections, Washington took Alexandre Sarr at No. 2 as expected, then traded up to No. 14 to grab Carlton Carrington and moved up to No. 24 to add Kyshawn George.
“We walked into [the draft] Wednesday night and had a plan in place,” general manager Will Dawkins told reporters. “We were aligned from top to bottom. We were strategic, [and] we were aggressive and made sure that we accomplished our goals. So with these three young men to my left, we feel like we’re adding a few more bricks to that base-level foundation that we talked about at the end of the season.”
Sarr, a 7’0″ center, becomes the cornerstone of the franchise and an anchor for the defense. Carrington will provide scoring punch in the backcourt, while George is a wing who can handle the ball and shoot threes. All three players are expected to be part of the Wizards’ Summer League team.
Bansil notes that for the second straight year, the front office prioritized athleticism, positional size and the ability to contribute on both ends of the court. They also looked for players who are mentally tough enough to handle rebuilding.
“Not every team [has] three first-round picks, and I think it was just very cool to be able to be with these guys that enjoy the game, are very positive and are easygoing people,” George said. “We’re all in the same boat, and getting to start this rebuild as a young group, young core is very exciting.”
There’s more from the Southeast Division:
- The Heat are unlikely to be able to re-sign free agent forward Caleb Martin, a source tells Anthony Chiang of The Miami Herald. Martin, who declined his $7.13MM player option on Saturday, may get offers for the full $12.9MM non-taxpayer mid-level exception, Chiang adds. Re-signing him would mean second-apron status for Miami, which may now prioritize keeping Haywood Highsmith. They have been talking since teams were allowed to start negotiating with their own free agents, and Chiang hears there’s mutual interest in a new deal. Chiang also reveals that second-round pick Pelle Larsson is expected to sign a standard contract for next season worth between $1-2MM, although a two-way deal remains an option depending on how the rest of the roster comes together.
- In a SportsCenter appearance (video link), ESPN’s Adrian Wojnarowski said there was “more of a market” to trade Dejounte Murray than fellow Hawks guard Trae Young. Murray is heading to New Orleans in exchange for a package that includes the Lakers’ first-round pick next year, and Wojnarowski said Atlanta was determined to land a selection in what’s projected to be a strong 2025 draft.
- There’s still no clarity on Miles Bridges‘ future with the Hornets, per Roderick Boone of The Charlotte Observer. Bridges has been able to negotiate with the team for the past week-and-a-half, but Boone states that there hasn’t been “a hint of much traction” and the forward appears ready to test the open market.
Heat’s Caleb Martin, Thomas Bryant Opting For Free Agency
Heat forward Caleb Martin is turning down his $7.13MM player option for 2024/25 in order to become an unrestricted free agent, reports Michael Scotto of HoopsHype (Twitter link).
Miami big man Thomas Bryant is also declining a player option and opting for unrestricted free agency, according to Anthony Chiang of The Miami Herald (Twitter link). Bryant’s option would have paid him about $2.85MM.
Martin’s decision comes as no surprise. He ranked 23rd on our list of this summer’s top 50 free agents. While his 2023/24 numbers (10.0 PPG, 4.4 RPG, 2.2 APG) don’t jump off the page, he’s the type of connecting piece that every team could use.
The 28-year-old wing can help out in a lot of different ways, including as a shooter (.368 3PT% during his three years in Miami) and switchable defender. He should draw interest from multiple teams willing to offer him more than he would have earned on his option.
Bryant’s decision, meanwhile, could have gone either way. The Heat envisioned him as Bam Adebayo‘s backup at the five when they signed him last summer, but the fit wasn’t as smooth as either side had hoped.
Bryant averaged 5.7 points and 3.7 rebounds in just 11.6 minutes per game across 38 appearances. While he may not receive offers above the minimum on the open market, it makes sense that he’d seek a situation where he might have a larger role.
Of the four Heat veterans who entered the week with player option decisions to make, only Josh Richardson opted in. Martin, Bryant, and Kevin Love all declined their options, though Love, at least, is considered a strong candidate to remain in Miami.
Southeast Notes: Ware, Highsmith, Martin, Wizards, Lee, Ball
Kel’el Ware gained a reputation of having a low motor during his one season at Oregon. He played with much more effort during his one season with Indiana and that’s why the Heat had no qualms about selecting him with the No. 15 pick, Ira Winderman of the South Florida Sun Sentinel writes.
“I think that’s a low-hanging-fruit description of him,” Adam Simon, the Heat’s VP of basketball operations, said. “Kel’el is not that. I think he went to Oregon, was playing behind an established player, an older player. He played in every game out there, saw a better situation for himself to go to Indiana. For him, he showed what he can do. He played with a motor. He played with intensity. And I think we’re talking about a young player that has an edge to him.”
Simon has another description of Ware in terms of what he brings to the table, according to Anthony Chiang of the Miami Herald.
“Kel’el is a three-and-D center,” he said. “It is not easy to find 7-footers who can play out on the perimeter offensively and also be able to defend with his ability to shot block and defend the post. For us, that was very appealing.”
We have more from the Southeast Division:
- Don’t expect the Heat to re-sign both Haywood Highsmith and Caleb Martin in free agency, Chiang reports in a separate story. Highsmith is set to become an unrestricted free agent and Martin holds a $7.1MM option on his contract, which he will likely decline. With the Heat’s payroll already near the second apron, the best Miami can realistically hope for is to re-sign one or the other, Chiang writes.
- The Wizards’ moves in recent days signal that they’re attempting to build for four or five years down the road, while focusing on the crucial 2025 and 2026 draft lotteries, Josh Robbins of The Athletic opines. They made three selections in Wednesday’s first round. If that trio plays significant minutes as rookies, it’s almost a given the Wizards will be on the fast track to the bottom of the standings the next two seasons as they develop.
- Charles Lee, the new Hornets coach, said that LaMelo Ball is focused on being durable next season after a couple of injury-riddle campaigns. “I think that he’s just doing all that he can possibly do to make sure that he’s more available this year, a little bit healthier,” Lee told Roderick Boone of the Charlotte Obersver. “Injuries are going to happen, but if you can do a lot of the work on the front end, hopefully you can create some luck where you avoid one or two of these little minor, nagging injuries. And then outside of that, I just think that offensively, he’s going to be a big component or a big part of us being able to play fast.”
- The Hornets are coming off a 21-win season but Lee is impressed with the talent level within the roster, according to the Associated Press. “We have a very, very good team here,” Lee said. “We’ve been snakebit with some injuries. … But this group is focused on the right things. The expectations are that we are going to compete every night, whether it’s a home game, road game or whoever is playing. This is going to be a group that is together offensively and defensively, no matter who is on the floor.”
Southeast Rumors: Shamet, T. Jones, Adebayo, Martin, Hawks, Buzelis
Wizards wing Landry Shamet has been the subject of exploratory trade interest from a number of teams around the NBA, according to Michael Scotto of HoopsHype, who identifies the Clippers, Lakers, Mavericks, Jazz, Raptors, and Magic as possible suitors.
Shamet has historically been a reliable three-point threat, having entered last season with a career 38.8% rate from beyond the arc. However, he made just 33.8% of his tries last season while averaging a career-low 15.8 minutes per game. Still, Scotto says that if Shamet remains in D.C., the club is leaning toward guaranteeing his $11MM salary for 2024/25. That figure is fully non-guaranteed for now, as is his $11.75MM salary for ’25/26.
Here’s more from around the Southeast:
- While the Wizards‘ decision to hang onto point guard Tyus Jones through the 2024 trade deadline suggested they’d like to re-sign him as a free agent this summer, rival executives are monitoring the situation to see if he’ll be a sign-and-trade candidate, sources tell Scotto.
- Confirming a pair of items that don’t come as any surprise, Scotto says the Heat are expected to have contract extension discussions with star big man Bam Adebayo this offseason and that forward Caleb Martin is expected to decline his $7.1MM player option in search of a more lucrative payday as a free agent, either in Miami or elsewhere.
- The Hawks brought in projected top-10 pick Matas Buzelis on Sunday for a pre-draft workout, a source tells Jonathan Wasserman of Bleacher Report (Twitter link). Kevin O’Connor of The Ringer, who confirms the news of Buzelis’ workout, says it signals that Atlanta continues to evaluate all its options in the lottery, including trading down from No. 1. Buzelis has been most frequently linked to Detroit at No. 5.
- After he spent the 2023/24 season coaching the College Park Skyhawks – Atlanta’s G League affiliate – Ryan Schmidt is expected to move to the Hawks‘ bench for the 2024/25 season, Scotto reports, adding that Hawks assistant Steven Klei is a candidate to become the Skyhawks’ head coach.
Heat Notes: J. Butler, C. Butler, Quinn, Allen, Martin
The Sixers aren’t the only team that would be willing to give Jimmy Butler a maximum-salary extension if they could acquire him from the Heat. League sources tell Anthony Chiang of The Miami Herald that two other clubs have “made it known in league circles” that they’d also be open to trading for the star forward and then signing him to a max deal.
Butler remains under contract with the Heat for 2024/25 and holds a $52.4MM player option for ’25/26. A maximum extension would cover two years, replacing the ’25/26 option with a new $54.3MM starting salary and tacking on an extra year worth $58.6MM for ’26/27.
Heat president Pat Riley was noncommittal when asked earlier this month if the team would offer that deal, pointing out that no decision has to be made yet and hinting that Butler’s history of injury issues would make the front office wary about such a significant investment.
“It’s a big decision on our part to commit those kinds of resources, unless you have someone who is going to be available every night,” Riley said at his end-of-season press conference.
The Heat have shown no interest in moving Butler and he has shown no signs that he wants out of Miami — in fact, he has spoken multiple times about wanting to finish his career with the franchise. However, as both Chiang and Ira Winderman of The South Florida Sun Sentinel write, these rumors and leaks – which seem designed to let Butler know he has options if the Heat aren’t willing to give him the kind of deal he wants – could put added pressure on the club to address the 34-year-old’s contract situation sooner rather than later.
Here’s more on the Heat:
- Caron Butler, who has been an assistant coach on Erik Spoelstra‘s staff since 2020, has agreed to a new four-year deal to remain in that role, agent Raymond Brothers tells Adrian Wojnarowski of ESPN (Twitter link). As Chiang writes for The Miami Herald, Butler spoke last summer about having fallen in love with coaching and aspiring to become a head coach at some point down the road.
- Miami is also working on new contracts for two other top assistants, Chris Quinn and Malik Allen, with Spoelstra having expressed a desire to keep his staff intact, according to Tim Reynolds of The Associated Press (Twitter link). Quinn has been linked to several head coaching openings this spring, but wasn’t hired by Brooklyn or Charlotte and doesn’t appear to be a frontrunner in the Lakers’ or Wizards’ searches.
- In another story for The Miami Herald, Chiang takes a closer look at Caleb Martin‘s free agency, exploring what kind of deal the swingman might be in line for and whether it’s viable for the club to retain him. Martin is expected to turn down his $7.1MM player option for 2024/25 and could receive a salary in the neighborhood of the full mid-level exception ($12.9MM+), Chiang writes. Accommodating that sort of raise would likely push the Heat’s team salary above the second tax apron unless they cut costs elsewhere.
Heat Notes: Martin, Second Apron, Spoelstra, Butler
Caleb Martin said at Friday’s exit interviews that his preference is to remain with the Heat, but Anthony Chiang of The Miami Herald explains that the team’s financial situation may not make that realistic. Martin has a $7.1MM player option for next season, which he’s expected to turn down to seek a longer and more lucrative contract in free agency.
“Everybody knows I want to be here. I make that known,” Martin told reporters. “That’s my goal is to be able to stay here, make it work. I want to be here as long as possible and for them to want me to come back. That’s my main goal.”
As we noted recently, it will be difficult for Miami to re-sign Martin and free agent Haywood Highsmith without crossing the second tax apron for next season. Chiang points out that the Heat have seven players under contract for 2024/25, and assuming Kevin Love, Josh Richardson and Thomas Bryant all pick up their options, the team salary would be around $173MM with five slots left to fill.
Adding $4.2MM for the 15th pick in the draft, another $2.1MM for Orlando Robinson‘s contract, which is non-guaranteed for next season, and $2.5MM in unlikely bonuses for Tyler Herro, which have to be included for apron calculations, brings that total to $181.8MM for 12 players. That’s already above the projected first apron of $179MM and only $8.2MM away from the severe restrictions that are part of the second apron.
There’s more from Miami:
- Coach Erik Spoelstra rejects the idea that the Heat didn’t place enough emphasis on the regular season and didn’t make a strong attempt to avoid the play-in tournament, per Gary Washburn of The Boston Globe. After advancing from the play-in to the NBA Finals last year, there was a perception that Miami was content to try to do it again, which led to a bad first-round matchup with Boston. “To say that we did not philosophically take the regular season seriously, that’s totally off base,” Spoelstra said. “I could see why people would point to that because of missed games. We’re not a load-management team. There were things that happened and sometimes you can’t control that.”
- With Jimmy Butler expected to seek a two-year extension worth about $113MM, ESPN’s Zach Lowe speculated on his latest podcast that Butler could be on the trade market this summer (hat tip to Bleacher Report). “There are scenarios, let’s just say, where the Heat trade Jimmy Butler for some future assets and some other stuff,” Lowe said, “… and that gives them the ammo to go out and call the Cavs, and say, ‘Hey, what about Donovan Mitchell?'” Butler is under contract through next season and has a $52.4MM player option for 2025/26.
- Butler made some pointed comments about two Eastern Conference rivals and one of his former coaches (Twitter link from Rock the Bells). “If I was playing, Boston would be at home,” said Butler, who missed the first-round series with an MCL sprain. “New York damn sure would be f—ing at home.” Butler also rejected the idea that Josh Hart could guard him and said he has “love” for Tom Thibodeau but wouldn’t be interested in playing for him again. “I love Thibs but I don’t want Thibs,” Butler continued. “I love you baby, but I want to beat you to a pulp. You want me. I don’t want you. It’s like a one-sided relationship. You in love with me and I love you but I’m not in love with you.”