Transactions Rumors | Hoops Rumors

Kings Tender Qualifying Offer to Terence Davis

July 27th, 2021 at 8:16pm CST by Eli Cohen

The Kings have officially tendered a qualifying offer to Terence Davis, making him a restricted free agent, reports ESPN’s Adrian Wojnarowski (via Twitter).

As ESPN’s Bobby Marks notes (via Twitter), Davis’ QO is worth nearly $1.9MM. The Kings hold his Early Bird rights, giving the team the ability to offer him a starting salary worth up to about $10.4MM on a deal of at least two years.

While it’s unlikely Davis receives that max number, Jason Anderson of The Sacramento Bee reported earlier this month that the former undrafted free agent is seeking a contract worth upwards of $9MM per year.

Davis averaged 11.1 PPG and 3.7 RPG while shooting over 37% from three in his 27 games with the Kings, and showed some moments of good defensive ability. The Kings are in a tight financial spot, so it will be important for them to figure out how much they value Davis’ contributions as a bench guard should he receive the type of offer he’s looking for.

“It’s looking really good for me. I would say this is some of the best basketball I’ve played in my career, even in college,” Davis said at the end of the season, when asked about the chances of staying with the Kings long-term. “This is a stretch of some of the best games I’ve played in my entire life.”

Hawks’ Kris Dunn To Exercise Player Option

July 27th, 2021 at 3:04pm CST by Luke Adams

Kris Dunn is opting into his contract for next season, according to Shams Charania of The Athletic (Twitter link), who hears from sources that the Hawks guard will pick up his 2021/22 option, worth just over $5MM.

The Hawks signed Dunn last offseason, envisioning him as a player who could share the backcourt with Trae Young and provide stout perimeter defense. However, injury woes derailed Dunn’s first year in Atlanta, as he was sidelined for most of the season while he recovered from ankle surgery.

Dunn made his Hawks debut in late April and ultimately appeared in just four regular season games and five playoff games, primarily in garbage time. In 2019/20, as a Bull, Dunn averaged 7.3 PPG, 3.6 RPG, 3.4 APG, and 2.0 SPG in 51 contests (24.9 MPG).

Although Dunn is now under contract with the Hawks for next season, that doesn’t necessarily mean he’ll be on the club’s opening-night roster in the fall. Chris Kirschner of The Athletic (Twitter link) suggests it wouldn’t be a surprise to see Dunn and his expiring $5MM contract traded during the offseason.

With Dunn’s decision in, we’re still awaiting word on six more player option decisions around the NBA, as our tracker shows.

Nets Issuing Qualifying Offer To Bruce Brown

July 27th, 2021 at 2:52pm CST by Luke Adams

The Nets are tendering a qualifying offer to Bruce Brown, according to Michael Scotto of HoopsHype (Twitter link). The procedural move will ensure that Brown is a restricted free agent this summer.

Brown, who will turn 25 next month, played an important role for the Nets in 2020/21 after being acquired last fall from Detroit. He averaged 8.8 PPG and 5.4 RPG on .556/.288/.735 shooting in 65 games (22.3 MPG) and played tough, versatile defense for Brooklyn.

Because he met the starter criteria, Brown’s qualifying offer is worth approximately $4.7MM. If he accepts that one-year offer, he’ll become an unrestricted free agent in 2022, but he’s more likely to negotiate a new multiyear deal with the Nets or a rival suitor. Brooklyn would have the ability to match any offer sheet Brown signs with another team.

The Nets hold Brown’s Bird rights, so they won’t face any cap restrictions when it comes to re-signing him — it will simply be a matter of how much further into tax territory team ownership is willing to go.

Bucks’ Bryn Forbes Opting Out Of Contract

July 27th, 2021 at 10:12am CST by Luke Adams

Bucks guard Bryn Forbes won’t pick up the player option on the second year of his contract, reports ESPN’s Adrian Wojnarowski. As a result, he’ll become an unrestricted free agent.

The decision had been expected, since Forbes’ 2021/22 salary would have been a modest $2.45MM if he had exercised the option. Coming off a season in which he played regular minutes for the NBA champions, the 28-year-old presumably feels confident about earning a higher salary – and perhaps a multiyear deal – on the open market.

Forbes, who signed with Milwaukee after four seasons in San Antonio, averaged 10.0 points per game in 70 contests (19.3 MPG) in 2020/21, recording an impressive shooting line of .473/.452/.770. His 45.2% mark on shots from beyond the arc ranked fourth in the NBA among qualified players.

Forbes’ decision to opt out doesn’t necessarily mean he won’t negotiate a new deal with the Bucks. However, the club’s ability to offer him a raise will be limited, since he’ll only have Non-Bird rights. Unless they dip into their mid-level exception to re-sign him, the Bucks would only be able to offer Forbes a starting salary worth about $2.8MM.

Milwaukee will be in a similar bind with Bobby Portis if he opts out of his contract. Portis has a $3.8MM player option that he’s considered likely to turn down.

Derrick Jones Jr. To Exercise Player Option

July 26th, 2021 at 9:30pm CST by Alex Kirschenbaum

Trail Blazers forward Derrick Jones Jr. is set to exercise his $9.7MM player option for 2021/22, per Shams Charania of The Athletic (Twitter link).

The 6’5″ forward, 24, was a role player during his first season with Portland. After going undrafted out of UNLV in 2016, the athletic Jones first caught on with the Suns before eventually linking up for a three-season stint with the Heat, which included a 2020 NBA Finals run.

Jones’s offensive contributions with the Trail Blazers this past season were fairly modest, but he made an effective impact as a versatile defender. He averaged 6.8 PPG, 3.5 RPG, and 0.9 BPG across 22.7 MPG during the regular season. Jones suited up for 58 contests with the team, including 43 starts, falling out of the rotation down the stretch.

With Jones now in the fold, the Trail Blazers have eight players on fully guaranteed contracts for the upcoming season. Center Jusuf Nurkic‘s $12MM deal with the club is partially guaranteed, but he’s unlikely to be waived, despite being healthy for just 45 of a possible 146 games during his last two seasons with Portland.

Starting Portland shooting guard Norman Powell, who had an $11.6MM player option ahead of the 2021/22 season, declined his player option last week.

The Trail Blazers decided to not extend a $7MM qualifying offer to injury-prone power forward Zach Collins, thus making him an unrestricted free agent. Collins has appeared in just 154 of a possible 310 games across his four NBA seasons.

Grizzlies, Pelicans Finalizing Deal To Swap Valanciunas, Adams, Bledsoe, Picks

July 26th, 2021 at 3:30pm CST by Luke Adams

The Grizzlies and Pelicans are finalizing a trade that will involve several players and draft picks, according to ESPN’s Adrian Wojnarowski (Twitter link).

As Wojnarowski reports, the deal will send Jonas Valanciunas and the Nos. 17 and 51 picks to New Orleans in exchange for Steven Adams, Eric Bledsoe, the Nos. 10 and 40 picks, and the Lakers’ 2022 first-round pick. The Pelicans will add top-10 protection to that ’22 first-rounder, per Jake Fischer of Bleacher Report (Twitter link).

The trade, our second of the offseason and the first of draft week, is a fascinating move for two Southwest teams looking to make the playoffs in 2022.

The Pelicans had been considered highly likely to trade at least one of Adams or Bledsoe, both of whom are on pricey contracts and weren’t viewed as part of the team’s long-term future. Rather than just moving one of the two, they’ll send both to Memphis, creating significant cap flexibility for this year’s free agent period.

Bledsoe ($18.13MM) and Adams ($17.07MM) will earn a combined $35MM+ in 2021/22, while Valanciunas is on the books for just $14MM. Valanciunas is also entering a contract year, whereas Adams has one more guaranteed season left in ’22/23 and Bledsoe has a partial guarantee, so the Pelicans won’t just be opening up cap room this summer — they’ll create future flexibility as well.

Swapping out Adams for Valanciunas should allow the Pelicans to improve their frontcourt spacing. Valanciunas isn’t exactly a long-distance marksman, but has a solid mid-range game and will shoot the occasional three-pointer, which should create more room for Zion Williamson to operate. The former No. 5 overall pick averaged an impressive 17.1 PPG and 12.5 RPG with a .592/.368/.773 shooting line in 62 games (28.3 MPG) this past season.

Moving Bledsoe’s contract also puts the Pelicans in position to either bring back restricted free agent Lonzo Ball or pursue another point guard in free agency. As Bobby Marks of ESPN tweets, New Orleans could create up to about $36MM in cap space by letting Ball and Josh Hart walk, or approximately $25MM in space by retaining Hart’s cap hold and letting go of Ball. Kyle Lowry is rumored to be among the Pelicans’ potential free agent targets.

As for the Grizzlies, they’ll presumably decline Justise Winslow‘s $13MM team option in order to create the cap room necessary to take on Adams and Bledsoe once the new league year begins in August, Marks notes (via Twitter).

While Adams and Bledsoe didn’t have great seasons in New Orleans, they’ve both been productive in the past and are bounce-back candidates in Memphis if the fit is better. Adams posted 7.6 PPG and 8.9 RPG in 58 games (27.7 MPG) in 2020/21, while Bledsoe put up 12.2 PPG, 3.8 APG, and 3.4 RPG on .421/.341/.687 shooting in 71 games (29.7 MPG).

The Grizzlies also significantly improve their draft assets in the swap, moving up seven spots in the first round and 11 spots in the second while also adding an extra first-round pick for next year. They’re now in position to have three first-rounders in next year’s draft, since they also hold Utah’s top-six protected first-rounder.

Jonathan Givony of ESPN and Jonathan Wasserman of Bleacher Report (Twitter links) have both heard that Australian guard Josh Giddey is the player the Grizzlies are targeting with the No. 10 pick.

Raptors Extend QOs To Gary Trent Jr., Nando De Colo

July 26th, 2021 at 2:57pm CST by Luke Adams

The Raptors have given qualifying offers to guards Gary Trent Jr. and Nando De Colo, the team announced today in a press release. As a result, both players will be restricted free agents.

The Raptors acquired Trent – along with Rodney Hood – in the deadline deal that sent Norman Powell to the Blazers. In 58 total games (31.1 MPG) with Portland and Toronto in 2020/21, the 22-year-old averaged 15.3 PPG on .408/.385/.783 shooting.

Because he met the starter criteria, Trent will receive a qualifying offer of $4.7MM+, which will also be his cap hold. If he accepts that one-year, $4.7MM offer, he’d be an unrestricted free agent in 2022, but he’s more likely to work out a longer-term deal with the Raptors or another team. Should he sign an offer sheet with a rival suitor, Toronto will be able to match it.

As for De Colo, he hasn’t played in the NBA since 2014, but the Raptors have now issued him a qualifying offer for eight straight years in order to retain matching rights in the event that he does return stateside.

There’s no indication that will happen anytime soon, or at all – he remains under contract with Fenerbahce in Turkey – but there’s no harm in Toronto making the procedural move. De Colo’s qualifying offer is worth $1.8MM.

Pistons Issue QOs To Hamidou Diallo, Frank Jackson

July 26th, 2021 at 11:43am CST by Luke Adams

The Pistons have extended qualifying offers to Hamidou Diallo and Frank Jackson, ensuring that both players will be restricted free agents this summer, reports James Edwards III of The Athletic (via Twitter).

Acquired from the Thunder in March in a deal that sent Sviatoslav Mykhailiuk and a second-round pick to Oklahoma City, Diallo averaged 11.2 PPG and 5.4 RPG on .468/.390/.662 shooting in 20 games (23.3 MPG) for Detroit.

The expectation when Diallo was acquired was that the Pistons would make a strong effort to lock him up to a new deal as a restricted free agent. His qualifying offer will be worth about $2.08MM and will give Detroit the right of first refusal in the event that he signs an offer sheet with another team.

As for Jackson, the former 31st overall pick spent the 2020/21 season on a two-way contract with the Pistons, averaging 9.8 PPG and 2.2 RPG on .457/.407/.813 shooting in 40 games (18.5 MPG).

Because he has four years of NBA service under his belt, Jackson is ineligible to sign another two-way contract, so his qualifying offer will be worth the minimum salary. However, it only needs to be partially guaranteed for the equivalent of a two-way salary (likely around $463K).

The Pistons have two more players eligible for restricted free agency this offseason. I’d expect one of those players – Saben Lee – to get a qualifying offer before this weekend’s deadline, but the other – Dennis Smith Jr. – will likely become an unrestricted free agent.

Nuggets’ JaMychal Green Declines Contract Option

July 23rd, 2021 at 5:03pm CST by Dana Gauruder

Nuggets forward JaMychal Green is headed to unrestricted free agency this summer. He’s declining the $7.56MM option on the final year of his contract, Shams Charania of The Athletic tweets.

The 31-year-old Green appeared in 58 regular-season games this past season, including five starts, and averaged 8.1 PPG and 4.8 RPG in 19.3 MPG. He also averaged 5.4 PPG and 5.2 RPG in 19 MPG during the postseason. He missed the first five games of the season with a calf strain.

Green has also played for the Clippers, Grizzlies and Spurs.

The Nuggets became a hard-capped team after signing Green with the mid-level exception last offseason. The mid-season acquisition of Aaron Gordon ate into his playing time.

Green might be taking a bit of a gamble, considering he’s been mainly a second-unit contributor much of his career. However, he’s a solid rotation player and could now find a new home where he might receive a bigger opportunity.

Cavs Make Jarrett Allen Restricted Free Agent

July 23rd, 2021 at 4:20pm CST by Dana Gauruder

To no one’s surprise, the Cavaliers have extended a qualifying offer to center Jarrett Allen, making him a restricted free agent, Chris Fedor of the Cleveland Plain Dealer reports.

The QO is worth just over $7.7MM with a cap hold of $11.73MM.

Cleveland acquired Allen in the multi-team James Harden blockbuster with the intention of locking him into a multi-year deal during the offseason. The addition of Allen led the Cavs to bench and eventually buy out Andre Drummond, who will be an unrestricted free agent this summer.

Allen will one of the more attractive names on the restricted free agent market, but a suitor will likely have to deliver a giant offer sheet to him to make the Cavs think twice about matching it.

The 23-year-old Allen averaged 13.2 PPG, 9.9 RPG and 1.4 BPG in 51 games after the trade. Cleveland is expected to retain Allen even if uses the No. 3 pick in next week’s draft on the top big man prospect, USC’s Evan Mobley.