Mat Ishbia

More Details On Kevin Durant Trade Negotiations

Kevin Durant and his business partner Rich Kleiman asked Nets management for a meeting earlier this week and submitted another trade request during that sitdown, according to Ramona Shelburne and Brian Windhorst of ESPN (Insider link).

Unlike last summer’s trade request, this one didn’t go public right away. Another key difference? This time around, Durant specifically asked to be sent to the Suns, per ESPN’s duo. He had no interest in kicking off another bidding war and being the subject of intense speculation all week, so he told the Nets that he’d play out the 2022/23 season in Brooklyn if the team couldn’t work out a deal with Phoenix.

Still, both the Nets and Durant recognized that the partnership was on its last legs, according to Shelburne and Windhorst, who say the only question was whether the star forward’s exit would happen now or after the season.

Here are a few more highlights from the excellent, in-depth ESPN story on how the final days of the Durant era in Brooklyn:

  • Before Durant injured his knee on January 15, it looked like both he and Kyrie Irving would both finish the season with the surging Nets. However, when Irving’s offensive numbers spiked during Durant’s absence, he determined it was the right moment to exact some leverage and pursue a contract extension. The Nets were willing to discuss an extension of up to three seasons, but wanted protections; Irving was seeking a four-year extension without conditions, according to ESPN’s report. The difference of opinions on his value resulted in Kyrie’s trade request, and while Durant wasn’t happy with the situation, he didn’t “immediately tie his future” to Irving’s, per Shelburne and Windhorst.
  • The Nets had zero interest in any Irving trade that saw them take back Russell Westbrook. As a result, the difficulty of working out a three-team trade with the Lakers made Brooklyn’s decision on Irving fairly straightforward, since dealing with the Mavericks was simpler and the Nets liked the players they were getting from Dallas.
  • After Irving’s situation was sorted out and the Nets received Durant’s trade request, they presented the Suns with the pieces they wanted in any deal involving KD: four unprotected first-round picks, an unprotected 2028 first-round pick swap, Cameron Johnson, and Mikal Bridges. Suns general manager James Jones wanted to negotiate those terms – perhaps subbing out for Bridges or adding protections to one or two of the picks – but the Nets were steadfast in their demands, according to ESPN’s reporting.
  • New team owner Mat Ishbia was quickly willing to sign off on the extra $40MM the deal would cost the Suns in salaries and tax penalties, representing a departure from the old ownership group. However, it took the team a while to come around on paying the Nets’ price in players and picks. The Suns recognized that if the Nets held onto Durant until the summer, they’d be up against several bidders, which gave Brooklyn some leverage in the process. Phoenix ultimately agreed to meet the Nets’ asking price.
  • However, according to Shelburne and Windhorst, the deal nearly hit a roadblock when the Nets also requested Jae Crowder, whom the Suns wanted to trade in another deal (while ESPN’s story doesn’t specify who would’ve been in the Durant offer in place of Crowder in the original framework for salary-matching purposes, a previous report suggested Dario Saric was involved). The Suns pivoted to other trade discussions, including a possible John Collins acquisition, but ultimately circled back to the Nets and agreed to include Crowder too.
  • The Nets viewed Durant as a “beacon of light” during several the last few dramatic years, according to Shelburne and Windhorst, who say the team was heartbroken to trade him but felt good about sending him to his preferred destination.

Kevin Durant Trade Notes

The Suns were at the top of Kevin Durant‘s list of preferred destinations because of his close relationship with head coach Monty Williams, writes Sam Amick of The Athletic. Williams spent a year as associate head coach in Oklahoma City during Durant’s time there, and they worked together on Team USA as well.

Amick adds that credit for the early-morning mega-deal should also go to Phoenix president of basketball operations James Jones, whose image of team building was influenced by his time as a player in Miami when the Heat brought in LeBron James and Chris Bosh to team with Dwayne Wade. In 2019, Jones made the decision to hire Williams, whose connections to Chris Paul and now Durant have turned the Suns into an updated version of that Heat super-team.

Amick hears from sources that Durant spent the past few days seeking advice from confidants about the best path for his future in the wake of Kyrie Irving‘s trade to Dallas. Most league insiders believed he would wait for the offseason to seek an exit from Brooklyn, but the deal with Phoenix came together quickly late Wednesday night.

There’s more on the Durant trade:

  • Even before Durant made his request last summer, league insiders understood that he had a desire to go to Phoenix, according to Jake Fischer of Yahoo Sports. The chance to play with a Hall of Fame point guard in Paul and another All-NBA player in Devin Booker was appealing, and Durant knew the Suns had enough draft assets and young talent to make a trade realistic. Sources tell Fischer that Durant didn’t give the Nets a list of preferred locations when he made his trade request last June, but there was an understanding that Phoenix was among the leaders.
  • Brooklyn issued several public denials through the media this week that Durant was being made available, but teams began to believe on Wednesday that the Nets might reconsider that stance, says Ian Begley of SNY (Video link). He states that several clubs had similar offers ready, including the Grizzlies and Pelicans, but Durant’s desire to be in Phoenix influenced Brooklyn’s decision.
  • The Nets had no intention of trading Durant when they agreed to send Irving to the Mavericks on Sunday, according to Brian Windhorst of ESPN (video link). When Brooklyn obtained Spencer Dinwiddie and Dorian Finney-Smith from Dallas, they were intended to be pieces that could team with Durant and remain competitive in the Eastern Conference. The Nets’ front office spent Monday trying to move Finney-Smith and draft picks to improve the team even more, but things had changed by Tuesday. Windhorst said there was essentially a “one-team negotiation” with the Suns, and new owner Mat Ishbia was willing to offer a lot more than Robert Sarver did last summer.
  • The Durant news broke shortly before Irving addressed the media following his first game with the Mavericks, per Brad Townsend of The Dallas Morning News. Irving indicated there was a dysfunctional situation in Brooklyn and responded, “I’m just glad that he got out of there,” when he was asked about Durant. “I think this was in the works after year one,” Irving said. “I was unsure about whether or not I wanted to be in Brooklyn because of things that were happening behind the scenes. I just did my best to put my head down and work as hard as I could.”

Nets, Suns Agree On Kevin Durant Trade

The Suns will acquire Kevin Durant from the Nets in exchange for Mikal Bridges, Cameron Johnson, four first-round picks and more draft consideration, tweets Shams Charania of The Athletic.

Jae Crowder, who has been sitting out since training camp in hopes of being traded, will also go to Brooklyn in the deal, Charania adds (Twitter link).

ESPN’s Adrian Wojnarowski reports (via Twitter) that Nets forward T.J. Warren will be part of the trade as well, and the additional draft consideration is a first-round pick swap in 2028. According to Woj, Durant wanted to be dealt to Phoenix, and new Suns owner Mat Ishbia pushed to get the deal completed tonight.

Brooklyn will receive unprotected first-rounders in 2023, 2025, 2027 and 2029, a source tells Wojnarowski. The trade will help to replenish the Nets’ draft assets after they sent multiple picks and pick swaps to Houston to acquire James Harden in 2021.

The Suns were on Durant’s short list of preferred destinations when he issued a trade demand last summer. Although Phoenix was among the teams that submitted offers to Brooklyn, no progress was made at the time and Durant eventually rescinded the demand before the start of training camp.

At age 34, Durant remains among the league’s best players, averaging 29.7 points, 6.7 rebounds and 5.3 assists per game while lifting the Nets into a tight race for the best record in the East before suffering a sprained MCL in his right knee last month. Durant is expected to be sidelined until after the All-Star break, but Brooklyn coach Jacque Vaughn said he received “a really good report” from doctors this week.

Durant still has three seasons remaining on the four-year extension he signed with the Nets in 2021, which led to speculation that the team didn’t feel any immediate pressure to trade him. Brooklyn had reportedly been telling teams that have called about Durant that he wasn’t being made available before the deadline.

A 13-time All-Star, Durant will earn $46.4MM, $49.9MM and $53.5MM over the next three seasons. He will team with Devin Booker, Chris Paul, Deandre Ayton, and the Suns’ remaining assets in hopes of bringing a title to Phoenix. Ironically, there was a report earlier this week that the Suns offered Paul to Brooklyn in hopes of landing Kyrie Irving.

The Durant-Irving pairing that seemed to make the Nets an instant contender when they both signed as free agents in 2019 will officially end with trades just a few days apart. Injuries limited their time on the court together, even when Harden was added to form a Big Three, and they managed to win just one playoff series as teammates, although they had a narrow loss to the eventual champion Bucks in 2021.

The Nets no longer have elite talent on their roster, but Bridges and Johnson have both been valuable during their time in Phoenix, and they join a team that has managed to remain competitive even with Durant and Irving in and out of the lineup.

Bridges, 26, is a strong defender and long-distance shooter and is under contract for three more years at a total of about $70MM. Johnson, also 26, is an elite three-point shooter who is headed for free agency this summer. The Nets can make him restricted with a qualifying offer worth around $8MM.

The trade ends Crowder’s long standoff with Phoenix, but Brooklyn may not be his final stop before the deadline. Wojnarowski tweets that the Nets plan to explore opportunities to move him to other teams.

The deal provides a homecoming for Warren, who spent his first five seasons with the Suns. He signed with Brooklyn in July and has managed to bounce back after missing most of the past two seasons with left foot issues.

Suns Owner Ishbia On Vision, Roster, Trade Deadline, More

Mat Ishbia was approved this week by the NBA’s Board of Governors and is now officially the new majority owner of the Suns. He recently had an interview with Duane Rankin of The Arizona Republic (subscriber link) that covered a number of topics.

We have provided a few highlights below, but the full interview is worth checking out for any Suns fans.

On his vision for the Suns and WNBA’s Phoenix Mercury:

“I know that I’m the new owner, but I look at it like the Mercury and the Suns are owned by the city, by Phoenix, and my job is a steward. How do I do the right thing by them, make it a community asset, how do I take care of it and build it into a thing that the community can be proud of? As an owner, my job is to do the right things by the community. Do the right things by the fans, do the right things by the ‘team members’ as I call them and then finally, we’ll have a culture of winning on the court, off the court. Winning the fan experience, winning the sponsorship deal, winning all the things.

“… The real vision, long term, is how do we make Phoenix the elite NBA franchise in the country? We can do it. We have the market, we have the people, we have the organization. We are going to do that and that’s the goal and how do I (do it) measuredly? That’s one of the things I’ll put together here in the near future, but we are going to make it the elite NBA franchise and that’s the goal. Why not us?”

On how aggressive he’ll be at the trade deadline (Feb. 9 at 2:00pm CT) and in free agency this summer:

“I’m very active. And I’ll say this. I gave you the four things that I’m all about. None of them were profit. It’s all about team member experience, fan experience, community engagement and winning. There’s no money involved. Money follows success, not the other way around. I’m focused on winning. I’m focused on doing the right thing, not just short term. So I’m going to make good, long-term things, but remember, I also said the word culture, too. I need cultural fits that are about winning, that have long-term opportunity as a team, and I think you’ll see.

“You never know. I still got 2½ days left to go … but I’m extremely active. … We obviously have one player (Jae Crowder) that we have to move. This team, from my personal perspective, we have a championship-caliber team right now with no changes. If I can take an upgrade from a player that is not playing to a player that is playing, we’ve gotten even closer and if I can do more than that, I’m sure that would be even better.”

On what he hopes to establish in his first 90 days:

“I’m a big listener and learner. … I’m coming in to learn. I’m coming in to find out who the people are, find out who is ready, who is doing great things, who are the people who want to be part of this the right way, the long term. Who aligns with the vision that I’m going to set for the organization, which I’m going to be very clear with what I look for and how we look for it.

“And there are things I’m going to learn ’cause you know what, I’m not coming in making a bunch of changes. There will be very few changes between now and the end of the season. I’m coming in, listening, learning, finding out what the organization is about. Finding out who the people are, finding out who is passionate, who cares about the fan experience the way we think. Who is going to align and who doesn’t want to be a part of it and we’re going to figure all that stuff out.”

Ishbia’s introductory press conference is currently ongoing. According to Gerald Bourguet of PHNX Sports (Twitter link), Ishbia denied the report that Isiah Thomas would be part of the organization. He said Thomas is a “great friend,” but “there’s nothing happening right now.”

Suns Spokesperson Denies Team Hiring Isiah Thomas

7:50pm: A spokesperson for Ishbia tells Duane Rankin of The Arizona Republic (Twitter link) that while Ishbia and Thomas are friends, Thomas will not be part of the Suns’ front office.


7:02pm: New Suns owner Mat Ishbia is planning to hire NBA TV analyst Isiah Thomas for a “prominent role” in the team’s front office, sources tell Chris Haynes of Bleacher Report and TNT (Twitter link).

According to Mike Vorkunov of The Athletic (Twitter link), Thomas is on the board of directors of United Wholesale Mortgage, Ishbia’s company, so the two are obviously familiar with one another.

Thomas, who is in the Hall of Fame, is widely considered one of the greatest point guards in NBA history. He spent his entire 13-year career with the Pistons, which included two championships and 12 All-Star appearances.

The 61-year-old became a front office executive with the Raptors from 1994-97 after his playing days ended. Thomas also coached the Pacers from 2000-03 and was the Knicks’ president of basketball operations from 2003-08 (and their coach from 2006-08), so he certainly has a lot of experience.

However, his time in New York was controversial. As Vorkunov notes (via Twitter), in 2007 a Manhattan jury found that Thomas sexually harassed a former Knicks executive, who was improperly fired for reporting the unwanted behavior. The victim was awarded $11.6MM as part of the lawsuit.

Thomas’ tenure with the Knicks was also lousy from an on-court perspective. The team went just 151-259 during his five seasons as the lead basketball executive, a .368 winning percentage.

Hiring someone accused of sexual harassment and creating a hostile working environment is a pretty terrible look for Ishbia’s first move as an owner, considering the reason he was able to buy the Suns is because former owner Robert Sarver was suspended for one year and fined $10MM for engaging in behavior that “clearly violated common workplace standards.”

Mat Ishbia Officially Becomes Suns’ Owner

FEBRUARY 7: Ishbia has officially completed the purchase of a majority stake in the Suns, the team announced today in a press release.

“This is the culmination of a lifelong dream. I love the game of basketball deeply but it’s so much more than that for me,” he said in a statement. “Throughout my life, basketball has given me a second family, an education, and so much joy. I am honored to be the next steward of this community’s franchises in the Phoenix Suns and Phoenix Mercury and am totally committed to building an incredible organization on and off the floor.”

Ishbia and his group paid $2.28 billion for a 57% stake in the team, sources tell Baxter Holmes of ESPN. That’s the equivalent of a $4 billion valuation. Sarver received $1.48 billion for his 37% stake in the club, Holmes adds.


FEBRUARY 6: Mat Ishbia has been approved by the NBA’s Board of Governors as the Suns’ new owner, according to a league press release. The transaction is expected to close this week.

As Shams Charania of The Athletic tweets, the vote was 29-0 with the Cavaliers abstaining. Dan Gilbert, Cleveland’s owner, is also the majority owner of Rocket Mortgage. Ishbia is the chairman and CEO of United Wholesale Mortgage, which – like Rocket Mortgage – is based in Michigan.

Mat Ishbia and his brother Justin agreed to buy the Suns and the WNBA’s Phoenix Mercury from Robert Sarver at a valuation of approximately $4 billion. Sarver, who was suspended by the league for a year and fined $10MM for behavior that “clearly violated common workplace standards,” subsequently decided to sell his controlling stake in the franchise.

Ishbia reached an agreement with Sarver in December.

Typically, it takes at least a couple months for the NBA to officially approve and complete the sale of a franchise because the process involves extensive criminal, financial, and background checks on prospective buyers, who also have to meet with the NBA’s advisory and finance committees.

Ishbia is reportedly eager for the Suns to seek upgrades prior to Thursday’s deadline and his impact may have already been felt, as Phoenix pursued a trade for Kyrie Irving.

Ishbia’s agreement to buy the Suns will give him control of more than 50% of the franchise, as he and his group are also buying out some of the minority shareholders.

Scotto’s Latest: Reddish, Bucks, Holmes, Russell, Suns

After reporting earlier in the week that the Knicks had expressed interest in acquiring Bucks guard Grayson Allen in a possible Cam Reddish trade, Michael Scotto of HoopsHype says Milwaukee continues to resist the idea of including Allen in any deal for Reddish.

According to Scotto, the Bucks have instead proposed a trade structure that would be centered around a 2023 second-round pick and salary filler. That “salary filler” could consist of veteran guard George Hill and big man Serge Ibaka, Scotto adds.

As for the second-round pick, the Bucks control both their own 2023 second-rounder and the least favorable of the Cavaliers’ and Warriors’ selections. Both Milwaukee and Cleveland currently have top-seven records, so those picks would both be in the 50s.

Here’s more from Scotto:

  • Marc Stein previously reported that rival teams were monitoring Kings center Richaun Holmes as a potential buyout candidate if he’s not moved at the trade deadline. However, league sources tell Scotto that a buyout won’t happen for Holmes this season. That’s no surprise — as I previously noted, Holmes is still owed $12MM in 2023/24 and $12.9MM on a ’24/25 player option after this season, while buyouts typically occur when a player is on an expiring deal.
  • Rival executives still believe that the Timberwolves will explore trading point guard D’Angelo Russell before the deadline, says Scotto. There were rumblings in December that the Heat and Wolves had at least a conversation about a swap involving Russell and Kyle Lowry, according to Scotto, but with Miami playing better, the team isn’t looking to move Lowry at this point.
  • Former Thunder VP and chief of staff Paul Rivers and former NBA point guard Mateen Cleaves have been mentioned by multiple NBA executives as candidates to join the Suns‘ organization, Scotto reports. Cleaves played with incoming Suns owner Mat Ishbia at Michigan State.

Suns Notes: Ishbia, Ayton, Booker, Payne

With a change in majority ownership of the Suns franchise imminent, Gerald Bourguet of GoPhnx.com offers a 10-step wish list for incoming owner Mat Ishbia. Some of the items on the list includes improving relationships with employees, resolving the Jae Crowder situation with a trade, and committing to a G League franchise.

We have more on the Suns:

  • Deandre Ayton indicated during the morning shootaround on Thursday that he’ll play against Dallas tonight, Bourguet tweets. Ayton, officially listed as probable, has missed the last three games due to an illness.
  • In the latest official update on Devin Booker‘s condition on Wednesday, the Suns said their star guard would be reevaluated in a week. Booker, who is recovering from a left groin strain suffered on Christmas Day, could return to action by the end of the month, John Gambadoro of Arizona Sports 98.7 FM tweets. Gambadoro anticipates Booker will return next week during either the home game against Toronto on Monday or Atlanta on Wednesday.
  • Cameron Payne missed his 10th straight game on Thursday due to a right foot injury. The team said on Tuesday that he’ll be reevaluated in a week and Payne says he’s not quite ready to play, according to Duane Rankin of the Arizona Republic. “It’s been an awkward feeling,” Payne said. “I just don’t really feel that comfortable. Like I can’t be myself. When I’m able to be myself, that’s when I want to get back out there on the court.”

Suns Sale Expected To Be Finalized Before Trade Deadline

6:44pm: Ishbia will be introduced as the Suns’ new owner at a February 8 press conference, tweets Baxter Holmes of ESPN.


11:44am: Mat Ishbia‘s purchase of the Suns from longtime owner Robert Sarver is expected to become official at some point in the next two weeks, ahead of the February 9 trade deadline, according to Baxter Holmes and Adrian Wojnarowski of ESPN.

The expectation is that the NBA’s Board of Governors will hold a vote to ratify the sale in early February, per ESPN’s duo.

Ishbia reached an agreement in December to buy the Suns from Sarver at a valuation of $4 billion. Typically, it takes at least a couple months for the NBA to officially approve and complete the sale of a franchise because the process involves extensive criminal, financial, and background checks on prospective buyers, who also have to meet with the NBA’s advisory and finance committees, according to Holmes and Wojnarowski.

It’s unclear if the process this time around was expedited with the trade deadline around the corner, but if Ishbia does indeed assume control of the team before February 9, it could have major implications for the Suns’ approach to the trade deadline.

For the time being, Sarver still has the final say on certain roster decisions, despite being suspended for a year, but that would no longer be the case once the NBA approves Ishbia’s purchase. There have been rumblings that – under new ownership – the Suns would be willing to take on long-term salary and give up a first-round pick at the trade deadline to make roster upgrades.

Ishbia’s agreement to buy the Suns will give him control of more than 50% of the franchise, according to Holmes and Wojnarowski. Sarver’s stake in the team wasn’t that substantial, but Ishbia and his group are also buying out some of the minority shareholders.

Suns Notes: Ishbia, S. Lee, Johnson, Okogie

Mat Ishbia isn’t officially the new owner of the Suns yet, but his presence at courtside for Thursday’s game reinforced the idea that a new era is starting in Phoenix, writes Duane Rankin of The Arizona Republic. It was the first time the billionaire mortgage lender has attended a game since reaching an agreement to purchase the team last month, and the players were happy to have him there.

“He’s a cool guy,” Ish Wainright said. “I look forward to meeting him, picking his brain about not just basketball, but about business. I want to get to know him.”

Ishbia is still awaiting league approval on his $4 billion purchase, a process that Rankin notes typically takes about two months. Once the sale is official, the franchise can move on from current owner Robert Sarver, who was pressured to sell the team after being suspended for a year and fined $10MM for creating a toxic work environment. Coach Monty Williams believes Sarver shouldn’t be judged too harshly for his actions.

“Robert did a lot for this team, he did a lot for this city, he did a lot behind the scenes that people will never know about,” Williams said. “It was an unfortunate ending … but now as we turn the page, you start to look forward to what can be with the team with new ownership.”

There’s more from Phoenix:

  • Saben Lee is thrilled to get a second 10-day contract, Rankin tweets. Although Lee saw consistent playing time in his first four games with the Suns, averaging 11.3 points, 3.8 assists and 2.5 rebounds in 21.8 minutes per night, he didn’t take a second deal for granted. “When you expect things in this league, it usually doesn’t go the way you want it to,” Lee said.
  • Cameron Johnson, who played 22 minutes Thursday in his return to action following meniscus surgery on his right knee, will sit out Saturday’s game due to injury management, tweets Gerald Bourguet of PHNX Sports.
  • Josh Okogie, who suffered a broken nose Monday when Deandre Ayton accidentally elbowed him in the face, will be able to play Saturday night after clearing his final concussion evaluation, according to Bourguet (Twitter link).