Reggie Jackson

Reggie Jackson Gave Up $3.3MM In Hornets Buyout

Veteran point guard Reggie Jackson, who was officially waived by the Hornets on Tuesday, reached a buyout agreement with the team that created the path for his exit, league sources tell Michael Scotto of HoopsHype (Twitter link). According to Scotto, Jackson gave up $3.3MM as part of the buyout.

Hoops Rumors has confirmed that Jackson surrendered exactly $3,303,771, which is the amount the 34-year-old will earn with the Sixers once he clears waivers and signs a new minimum-salary contract with Philadelphia.

The move reduces the amount of dead money on the Hornets’ books from $5,250,000 to $1,946,229, creating a little extra financial flexibility for the club. Charlotte is over the cap but has plenty of breathing room (approximately $16MM) below the luxury tax line.

As for Jackson, he’ll ultimately earn the same $5.25MM salary that he would’ve if he’d remained on his previous contract. He’ll be paid $1,946,229 by the Hornets and $3,303,771 by the Sixers — plus, he’ll now have the opportunity to play for a team much closer to title contention. He was traded from Denver to Charlotte earlier in the offseason.

Jackson is the second veteran point guard to give up money in a buyout agreement in recent days, joining Russell Westbrook, who surrendered $1.7MM when he was waived by the Jazz. Raptors forward Sasha Vezenkov was also bought out this week, having given up his entire $6.66MM salary to get out of his NBA contract in order to return to Greece.

Reggie Jackson To Join Sixers After Being Waived By Hornets

The Hornets are waiving veteran point guard Reggie Jackson, league sources tell Roderick Boone of The Charlotte Observer. Boone had previously reported that the move was expected, and it’s now official, per NBA.com’s transaction log.

According to Adrian Wojnarowski of ESPN (Twitter link), Jackson intends to sign with the Sixers once he clears waivers.

Prior to Wojnarowski’s report, Keith Pompey of The Philadelphia Inquirer had tweeted that the 76ers would have interest in Jackson, who played with Paul George in Los Angeles from 2020-23.

A 13-year NBA veteran, Jackson spent the 2023/24 season in Denver, backing up Jamal Murray at the point. He averaged 10.2 points, 3.8 assists, and 1.9 rebounds in 22.2 minutes per game, posting a .431/.359/.806 shooting line in 82 outings (23 starts).

Jackson exercised a $5.25MM player option in June, but the Nuggets wanted to go in a different direction with their backup point guard spot and traded the 34-year-old to Charlotte along with multiple second-round picks in a salary-dump deal. Denver is poised to sign Russell Westbrook to fill the backcourt hole created by that deal.

The Hornets, meanwhile, made their trade with Denver in order to acquire those future second-round picks rather than Jackson, who wasn’t in their plans for 2024/25. It’s the second time in the last two years that Charlotte has traded for Jackson and waived him shortly thereafter — it also happened in February 2023, when the Clippers sent him to the Hornets in a deal for Mason Plumlee. Jackson was cut three few days later and caught on with Denver on the buyout market at that time.

Waiving Jackson will create an opening on Charlotte’s 15-man roster, leaving the team with 13 players on fully guaranteed contracts and one (Taj Gibson) on a partially guaranteed deal.

The Sixers, meanwhile, figure to bring Jackson aboard on a minimum-salary contract, since that’s all they can offer to free agents after having used up their cap space and their room exception. The veteran guard will be the 13th man on Philadelphia’s standard roster, providing additional depth in a backcourt that includes rising star Tyrese Maxey, veterans Kyle Lowry and Eric Gordon, and rookie Jared McCain.

A minimum deal for Jackson will pay him about $3.3MM while counting against the 76ers’ cap for just $2.09MM.

Hornets Notes: Chemistry, Bridges, Gibson, Jackson, M. Williams, Black

LaMelo Ball, Miles Bridges, Brandon Miller, Mark Williams, Grant Williams, and several other Hornets players were in attendance at Tuesday’s Summer League game alongside new president of basketball operations Jeff Peterson and player enhancement coach Kemba Walker, according to Roderick Boone of The Charlotte Observer.

Summer League head coach Josh Longstaff said it “speaks volumes” to have the team’s veterans in the building “coaching up” and “cheering on” the Summer League squad, while guard Nick Smith Jr. added that it felt good to have “my big brothers (there) to support us.”

“It’s special, man,” Grant Williams said. “We are just trying to support one another, make sure we understand that team is first and team matters and really, really just committed to getting better and improving and making it a premier organization in the league.”

There are other signs of positive vibes around the organization this summer, according to Boone, who notes that co-owners Rick Schnall and Gabe Plotkin hosted a dinner event on Monday night in Las Vegas that included all of the Hornets’ players as well as a significant number of team personnel. Veteran big man Taj Gibson, the newest member of the roster, was among those impressed, Boone writes.

“It was really nice,” Gibson said. “To be honest with you, just meeting the ownership alone … First you see the ownership, the ownership is so welcoming. Those gentlemen, their energy is just vibrant in how they move and how they already circled and brought all the pieces together last night. It was like a family reunion, because that’s how relaxed we were. Talking, laughing, talking about what it’s going to be like. It was great, just to have that dialect.”

Gibson added that the team’s budding chemistry was on display at the event: “I’ve been to many of those dinners where every guy is over there, guys are over there. But (Monday) night, everybody was mixing. Everybody.”

Here’s more on the Hornets:

  • Bridges’ new three-year, $75MM contract with the Hornets has a descending structure, according to Keith Smith of Spotrac (Twitter link). The deal, which is fully guaranteed with no options, is worth $27,173,913 in 2024/25, exactly $25MM in ’25/26, and $22,826,087 in ’26/27.
  • Gibson’s one-year, minimum-salary deal is partially guaranteed, Hoops Rumors has learned. Gibson is assured of receiving at least $1,082,270 and would lock in his full $3,303,771 salary if he remains under contract through the league-wide guarantee deadline of January 7.
  • While the signings of Gibson and Seth Curry bring the Hornets’ roster count to 15 players on standard contracts, that number could dip to 14 soon, Boone writes for the Charlotte Observer, noting that Reggie Jackson is considered unlikely to open the regular season with the team. The expectation is that Jackson will be cut at some point to allow him to try to catch on with a team closer to contention, according to Boone.
  • In a pair of exclusive interviews, Boone spoke to Hornets center Mark Williams about his efforts to bounce back from an injury-plagued 2023/24 season and to two-way player Leaky Black about his desire to earn a place on Charlotte’s standard 15-man roster.

Klay Thompson Sign-And-Trade Completed As Six-Team Deal

The Mavericks announced on Saturday that they’ve acquired longtime Warriors sharpshooter Klay Thompson via sign-and-trade in the first six-team deal in NBA history (Twitter link).

“We’re thrilled to have Klay join us in Dallas,” Mavericks president of basketball operations Nico Harrison said in a statement. “As one of the league’s greatest shooters who competes on both ends, we feel Klay is a perfect fit for our team. He adds a strong, experienced veteran voice that will help us continue to build on the success we’ve seen in recent years. Klay’s championship experience, clutch performances and calm demeanor under pressure exemplify what it takes to win in the NBA at the highest level. He will help us continue to grow towards our goal of winning another championship.”

The Hornets, Timberwolves, Sixers, and Nuggets are also involved in the trade, with separate agreements involving Kyle Anderson (Minnesota to Golden State), Buddy Hield (Philadelphia to Golden State), and Reggie Jackson (Denver to Charlotte)  all folded into a single mega-deal.

As best we can tell, the terms are as follows:

  • Mavericks acquire Thompson (sign-and-trade) and a 2025 second-round pick.
  • Warriors acquire Anderson (sign-and-trade) and Hield (sign-and-trade).
  • Hornets acquire Josh Green, Jackson, the Nuggets’ 2029 second-round pick, and the Nuggets’ 2030 second-round pick.
  • Timberwolves acquire a 2025 second-round pick, a 2031 second-round pick swap (from Warriors), and cash (from Warriors).
  • Sixers acquire the Mavericks’ 2031 second-round pick.
  • Nuggets acquire cash (from Hornets).

There’s at least one minor adjustment from the original agreements. Because the Warriors benefit most from turning multiple deals into a single trade (they can use Thompson’s outgoing salary to salary-match for both Anderson and Hield, allowing them to give the two players a higher combined salary than what Thompson’s will make), they’re no longer receiving a second-round pick from the Hornets. It appears that pick is being rerouted to the Wolves, who needed to send or receive an asset from another team besides Golden State.

We don’t yet know the exact details of the 2025 second-rounders being acquired by Dallas and Minnesota, but it looks like one of them is the 2025 Nuggets pick that Charlotte initially agreed to acquire as part of the Jackson trade and one of them is the 2025 Sixers pick that Charlotte already controlled. The Hornets were always going to send out two second-round picks for Green — they’re just going to Dallas and Minnesota now, instead of Dallas and Golden State.

There may be more moving pieces here though, since none of the announcements from the six teams involved have shared the full details, so we’ll keep an eye out for updates.

For more details on all these trades, be sure to check out our original stories:

  • Mavericks to acquire Klay Thompson (story)
  • Warriors to acquire Kyle Anderson (story)
  • Warriors to acquire Buddy Hield (story)
  • Hornets to acquire Reggie Jackson (story)

Clippers Trying To Trade Russell Westbrook

The Clippers are trying to work out a trade involving Russell Westbrook, who decided on Saturday to exercise his $4MM player option for next season, according to Jake Fischer of Yahoo Sports (Twitter link). A potential Westbrook trade was also reported by Shams Charania of The Athletic (via Twitter), who says L.A. is actively looking for someone to take on the veteran guard.

Chris Haynes of TNT and Bleacher Report (Twitter link) hears that the team is working with Westbrook to find a trade that benefits both of them. It’s believed Westbrook has played his last game for the franchise, Haynes adds.

League sources tell Tony Jones of The Athletic that Westbrook has expressed interest in joining the Nuggets (Twitter link). Denver has an opening for a backup point guard after reaching an agreement this week to trade Reggie Jackson to Charlotte. Harrison Wind of DNVR Sports confirms (via Twitter) that the rumors of the Nuggets acquiring Westbrook are legitimate.

Westbrook adapted to a reserve role in his first full season with the Clippers, coming off the bench in 57 of the 68 games he played. He averaged 11.1 points, 5.0 rebounds and 4.5 assists in 22.5 minutes per night while shooting 45.5% from the field but just 27.3% from three-point range.

Westbrook provided a spark for the Clippers when he signed with the team late in the 2022/23 season following a buyout with the Lakers. However, his role diminished after a trade in early November that brought in James Harden to be the starting point guard.

The Clippers are facing salary cap and apron concerns and no longer view Westbrook’s salary as a wise investment as he nears his 36th birthday.

Nuggets To Trade Reggie Jackson To Hornets

The Nuggets have agreed to trade veteran point guard Reggie Jackson to the Hornets, according to Adrian Wojnarowski of ESPN (Twitter link), who hears from a source that Charlotte will also receive three second-round picks in the deal.

The Nuggets will send out their own 2025, 2029, and 2030 second-round picks in the swap, reports Jake Fischer of Yahoo Sports (Twitter link). They’ll receive cash from the Hornets, tweets Matt Moore of Action Network.

The news comes just three days after Jackson picked up his $5.25MM player option with Denver for the 2024/25 season.

Jackson, who originally signed with Denver on the buyout market in February 2023, struggled down the stretch during the Nuggets’ championship season, making just 38.3% of his field goal attempts (27.9% of his three-pointers) in 16 regular season games before falling out of the rotation for the playoffs.

However, the Nuggets opted not only to retain him for the 2023/24 season but to give him a raise, signing him to a two-year, $10.25MM contract using their taxpayer mid-level exception. The 34-year-old responded with a strong bounce-back season, averaging 10.2 points, 3.8 assists, and 1.9 rebounds in 22.2 minutes per game, with a shooting line of .431/.359/.806.

Despite that solid ’23/24 season, the Nuggets are essentially moving Jackson in a salary-dump deal, attaching future draft assets to move him and create some additional breathing room below the tax aprons.

According to Bobby Marks of ESPN (Twitter link), Denver’s team salary is now right around the $171MM tax line and approximately $19MM below the second apron. If the club wants to remain below that second apron and re-sign veteran wing Kentavious Caldwell-Pope, who is declining his $15.4MM player option, additional cost-cutting moves would likely be required.

It’s unclear whether or not Jackson will be in the Hornets’ plans for 2024/25. The team is expected to operate under the cap this offseason, so it could use cap room to take on the guard’s expiring contract. The $8MM room exception can also be used to acquire players via trade now, as cap expert Yossi Gozlan tweets.

Reggie Jackson Exercising 2024/25 Player Option

Nuggets point guard Reggie Jackson is picking up his player option for 2024/25, reports Adrian Wojnarowski of ESPN (Twitter link). The decision will ensure that Jackson receives a guaranteed salary of $5.25MM next season before reaching unrestricted free agency in 2025.

Jackson originally signed with Denver on the buyout market in February 2023 after he was traded from the Clippers to the Hornets and was waived by Charlotte. He struggled down the stretch during the Nuggets’ championship season, making just 38.3% of his field goal attempts (27.9% of his three-pointers) in 16 regular season games before falling out of the rotation for the playoffs.

However, the Nuggets opted not only to retain him for the 2023/24 season but to give him a raise, signing him to a two-year, $10.25MM contract using their taxpayer mid-level exception. The 34-year-old responded with a strong bounce-back season, averaging 10.2 points, 3.8 assists, and 1.9 rebounds in 22.2 minutes per game, with a shooting line of .431/.359/.806.

Jackson was one of just two Nuggets players to appear in all 82 games this past season. He also made 23 starts when Jamal Murray was forced to the sidelines for health reasons.

While Jackson’s option decision will guarantee his 2024/25 salary, it doesn’t necessarily guarantee that he’ll spend next season in Denver. It’s possible the Nuggets will end up using his expiring contract as a trade chip, though if he returns, Jackson should see once again see rotation minutes as Murray’s backup

With Jackson’s $5.25MM salary on the books, the Nuggets are now up over $172MM in guaranteed salaries for 11 players. That figure doesn’t include the cap hold for Denver’s first-round pick ($2.5MM) or a new contract for Kentavious Caldwell-Pope, who has a decision of his own to make on a $15.4MM player option. If KCP exercises that option or signs an even more lucrative contract with the Nuggets, their salary will exceed the second tax apron ($189.5MM), limiting the team’s ability to make additional roster moves.

Injury Notes: Porzingis, J. Allen, Murray, KCP, Jackson

Appearing on Zolak and Bertrand on 98.5 The Sports Hub on Tuesday, Celtics head coach Joe Mazzulla offered an encouraging update on the progress Kristaps Porzingis is making in his recovery from a calf strain, per Brian Robb of MassLive.com.

“It’s definitely better than we thought,” Mazzulla said. “I think one thing about KP is, I don’t know what his timetable is, but I know his mentality, and he really pushes himself to get back as quickly as he can. He does a great job working to take care of himself. He’s walking a little bit better, and every day he’s in there doing whatever it takes to try to get back as fast as he can. I appreciate that.”

Chris Forsberg of NBC Sports Boston (Twitter video link) said that “all early indications are super positive” on Porzingis’ recovery, adding that there’s “nothing but optimism” coming from the organization. The big man was on the court for the Celtics’ practice on Wednesday, notes Tim Bontemps of ESPN (Twitter link), though he was just doing stationary shooting and wasn’t moving around much.

Previous reporting indicated that the Celtics are hoping Porzingis will be able to return for the Eastern Conference Finals, assuming Boston makes it.

Here are a few more injury updates from around the NBA:

  • Cavaliers center Jarrett Allen (right rib contusion) has been ruled out for a fifth straight game, according to Chris Fedor of Cleveland.com, who confirms (via Twitter) that the big man will miss Game 2 on Thursday in Boston. As he did in Game 1, Isaac Okoro will once again start in Allen’s place.
  • The Nuggets are listing three players as questionable to play in a crucial Game 3 in Minnesota on Friday, tweets Vinny Benedetto of The Denver Gazette: Jamal Murray (left calf strain), Kentavious Caldwell-Pope (right abdominal contusion), and Reggie Jackson (left calf contusion). Murray has repeatedly been listed as questionable due to his calf issue and likely isn’t any danger of missing Friday’s game. However, Caldwell-Pope’s and Jackson’s injuries are new ones.
  • In case you missed it, the Knicks are listing OG Anunoby (hamstring) as out and Jalen Brunson (foot) as questionable for Friday’s Game 3 vs. Indiana. We have more details here.

Nuggets Notes: Murray, Malone, Jackson, Long Odds

It was a miserable night on Monday for Nuggets guard Jamal Murray, who scored just eight points on 3-of-18 shooting, didn’t make a three-pointer, and committed four turnovers as Denver lost a second consecutive game at home to the Timberwolves to fall behind 2-0 in the Western Conference semifinals. At one point in the second quarter, a frustrated Murray was captured on camera throwing a heat pack onto the floor from the bench during a live play (Twitter video link).

The incident, which Timberwolves head coach Chris Finch referred to after the game as “dangerous” and “inexcusable,” wasn’t caught in the moment by game officials, writes Dave McMenamin of ESPN. In a pool report interview after the game, referee crew chief Marc Davis said Murray would have been assessed with a technical foul – but not ejected – if the officials had realized he was the one who threw the heat pack.

“We weren’t aware it had come from the bench,” Davis said. “If we would have been aware it came from the bench, we could have reviewed it under the hostile act trigger. The penalty would have been a technical foul. … For an ejection, you would have to determine it was thrown directly at somebody versus thrown in frustration.”

“We tried to impress upon [the referees] there probably aren’t many fans in the building that have a heat pack, so it probably had to come from the bench, which they found logical,” Finch said. “I’m sure it was a mistake and an oversight and nothing intentional by the officiating at all, but certainly can’t allow that to happen.”

Murray – who left the arena without speaking to reporters for a second consecutive game, according to Bennett Durando of The Denver Post (Twitter link) – figures to be disciplined by the NBA for the heat pack toss. A fine is more likely than a suspension unless the league determines that Murray was aiming for Davis. We’ll have to wait to see if the penalty reflects the fact that the Nuggets guard evaded any repercussions during the game.

Here’s more on the reeling defending champs:

  • Nuggets head coach Michael Malone was also lucky to avoid a technical foul in the first quarter of Monday’s loss — he came onto the court to angrily confront Davis (Twitter video link) after Karl-Anthony Towns wasn’t called for an offensive foul following a collision with Murray (video link). Davis explained after the game that Malone didn’t “say anything unsportsmanlike” that warranted a technical. “When [Murray] is out there battling a guy like [Towns] and trying to take charge in what I thought was an easy call and he is not rewarded, I owe it to Jamal Murray or anybody else in that situation to voice my opinion, to voice my concern or disagreement,” Malone told reporters, per McMenamin. “That wound up being a big play because things after that did not go our way. Which is unfortunate, but that is my job. I am going to fight for my guys. I think I have to fight even more for them.”
  • Backup point guard Reggie Jackson, who has battled ankle issues this year, limped to the locker room with medical staff in the fourth quarter and didn’t return, tweets Vincent Goodwill of Yahoo Sports. Jackson will have three days off before Friday’s Game 3 to rest and recover, but his status for that game isn’t yet known.
  • The Nuggets will face long odds as they look to pull off a comeback against the Wolves, according to Vinny Benedetto of The Denver Gazette, who notes that teams facing a 2-0 deficit in an NBA playoff series have a record of 33-421 (27-319 in best-of-seven series). No team has ever come back from a 3-0 hole.
  • The way in which the Nuggets have lost the first two games of the Western semifinals has been especially “disturbing,” says Troy Renck of The Denver Post, writing that the team hasn’t matched Minnesota’s “intensity or physicality.”

Northwest Notes: Daigneault, Edwards, Wolves, Nuggets, Jazz

A day after Mark Daigneault was named the NBA’s Coach of the Year for 2023/24, Thunder center Chet Holmgren lauded his head coach for his “crazy X’s and O’s” and his ability to connect with one of the NBA’s youngest rosters, per Rylan Stiles of SI.com.

“Shoutout to Mark man. Helluva coach,” Holmgren said. “… (He) puts us all in position to be successful. … He’s not that much older than us. He’s one of the bros.”

As John Hollinger of The Athletic, the world of NBA coaching is a “thankless” one, so now that he has shown the sort of success he can have in the regular season, Daigneault will be judged going forward on how and the Thunder perform in the postseason. Daigneault is off to a promising start on that front, notes Hollinger, pointing to an instance in Saturday’s win in which the Thunder extended their lead by using Gordon Hayward as a small-ball center.

As Hollinger writes, it would have been easy for Oklahoma City to take a conservative approach on Saturday with a 2-0 lead in the series, but Daigneault has shown repeatedly that he “doesn’t do safe and predictable.” His unorthodox strategies – which lean heavily on data and analytics, Hollinger points out – have the Thunder one win away from their first second-round series since 2016.

Here’s more from around the Northwest:

  • Fourteen-time All-Star Kevin Durant, who was on the receiving end of plenty of trash talk from Anthony Edwards during the Timberwolves‘ four-game sweep of Phoenix, had nothing but praise for the young star after Game 4, tweets Jon Krawczynski of The Athletic. “I’m so impressed with Ant. So impressed with Ant,” Durant said of Edwards, who averaged 31.0 PPG during the series. “My favorite player to watch. Just grown so much since he came into the league.”
  • The Timberwolves‘ dominant first-round victory over the Suns serves as a reminder that many NBA analysts were wrong about the Rudy Gobert trade, according to Jim Souhan of The Star Tribune. There was skepticism about the ability of Gobert and Karl-Anthony Towns to be effective alongside one another, but they’ve proven over the course of this season that’s not a problem, Souhan adds.
  • While both Nuggets point guards are banged up, neither Jamal Murray (left calf strain) nor Reggie Jackson (left ankle sprain) has missed a game yet during the team’s first-round series vs. the Lakers. That streak is up in the air with Murray still considered questionable for Monday’s Game 5, but Jackson seems good to go — he’s listed as probable to play, tweets Vinny Benedetto of The Denver Gazette.
  • In a report for The Salt Lake Tribune, Andy Larsen, Blake Apgar, Kevin Reynolds, and Robert Gehrke take a look at how the Delta Center – the Jazz‘s home arena – might be affected by team owner Ryan Smith‘s plan to bring the NHL to Utah.