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Kings Sign Bogdan Bogdanovic To Three-Year Deal

July 13th, 2017 at 12:41pm CST by Luke Adams

JULY 13: Bogdanovic has officially signed his three-year, $27MM deal with the Kings, per agent Alexander Raskovic (Twitter link).

JUNE 29: Bogdanovic’s three-year deal is expected to be worth $27MM, Jason Jones of the Sacramento Bee reports. That’s considerably less than the $36MM that was initially reported, though it’s possible there will be some non-guaranteed money at the end of the deal that accounts for the discrepancy.

JUNE 28: The Kings have struck a deal with draft-and-stash prospect Bogdan Bogdanovic, according to Jason Jones and Ailene Voisin of The Sacramento Bee. Bogdanovic – not to be confused with Wizards RFA Bojan Bogdanovic – is expected to sign a three-year contract with Sacramento worth $36MM.

Bogdan Bogdanovic, the 27th overall pick in the 2014 draft, was originally selected by the Suns, but his rights were sent to the Kings in a draft-night trade in 2016, when Phoenix moved up to No. 8 to select Marquese Chriss.

A 6’6″ sharpshooter, Bogdanovic was named the MVP of the Turkish League this year after averaging 14.7 PPG, 4.0 APG, and 3.5 RPG. The 24-year-old also earned All-EuroLeague honors and helped lead Turkish team Fenerbahce to its first ever EuroLeague title.

Because it has been more than three years since he was drafted, Bogdanovic is no longer subject to the NBA’s rookie scale. As such, the Kings will sign him using cap room. The deal can become official next month.

Serbian website Kurir first reported that the Kings and Bogdanovic had reached an agreement, as Orazio Cauchi of Sportando details.

Nuggets Officially Sign Paul Millsap

July 13th, 2017 at 12:38pm CST by Austin Kent

JULY 13, 12:38pm: The Nuggets have officially signed Millsap, the team announced today (via Twitter).

JULY 3, 10:05am: Millsap’s third year will be a team option, Nick Kosmider of The Denver Post confirms. We’ll have to wait for Millsap to officially sign to see whether it’s a true team option, or whether that third year will just be non-guaranteed (perhaps with a buyout attached).

JULY 2, 10:00pm: The Nuggets have reached a deal with Paul Millsap, Shams Charania of The Vertical tweets. The agreement is said to be for three years and $90MM. Matt Moore of CBS Sports suggests (via Twitter) that the third year is a team option, which would be a coup for the Nuggets, though that hasn’t yet been confirmed.

[RELATED: 2017 NBA Free Agent Tracker]

Millsap entered free agency as one of the most talented players available and will join a Nuggets squad currently anchored by promising youngsters Nikola Jokic, Gary Harris and Jamal Murray.

In Millsap, the suddenly dangerous Nuggets will add a reliable veteran on the heels of four consecutive All-Star seasons. In 2016/17, the 32-year-old averaged a career high 18.1 points to go along with 7.7 rebounds and over a three-pointer per game. He ranked fifth on our list of 2017’s top 50 free agents.

Prior to committing to the Nuggets, Millsap had engaged in talks with the Kings and Suns, according to Charania in his full report for The Vertical. Charania suggests that the forward was ultimately intrigued by the young core that the Nuggets have assembled. The Timberwolves also reportedly had interest in Millsap, but would have needed to move contracts to create space for him, and opted instead to sign Taj Gibson to a more affordable deal.

Millsap’s move to Denver makes him the latest Eastern Conference star to head west. Three of this year’s Eastern All-Stars have joined Western Conference clubs in the last couple weeks, with Jimmy Butler traded to Minnesota and Paul George landing in Oklahoma City.

The Nuggets had attempted to make a splash in the free agent market a year ago, meeting with Dwyane Wade and making a strong pitch to the veteran guard. While Denver struck out in 2016, the team got its man this time around, and the timing is good for the franchise — Gary Harris is extension-eligible this offseason, and Nikola Jokic may be a restricted free agent next summer, so the window to sign a max free agent may have closed quickly. Millsap had been on Denver’s radar for some time, with reports suggesting the team was close to trading for him last offseason and prior to the 2017 trade deadline.

As for the impact Millsap will have on Denver’s free agency plans this summer, it looks as if the Nuggets still have enough room for Mason Plumlee‘s qualifying offer after their commitment to Millsap, which will allow the team to match any offers for Plumlee.

However, the club seems likely to renounce Danilo Gallinari‘s cap hold to fit in Millsap, which would eliminate the possibility of a new deal in Denver for the longtime Nugget. Of course, during the moratorium, discussions are always fluid, so it’s possible Denver could make trades to clear other contracts and maintain Gallinari’s cap hold.

As things stand right now, Millsap’s deal will eat up most of the rest of the Nuggets’ cap room, but the club will still have a little space, and will be able to use its $4.3MM room exception once that space is used.

Meanwhile, the Hawks will have a new-look frontcourt under new GM Travis Schlenk, who also traded Dwight Howard last week. Atlanta will lose a key big man in free agency for the second offseason in a row, with Millsap departing a year after Al Horford left for Boston. Still, Schlenk never sounded overly enthusiastic about making an aggressive offer for Millsap, and letting him walk will leave the team with more than $30MM in cap room to use elsewhere.

Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.

Wizards Sign Devin Robinson To Two-Way Contract

July 13th, 2017 at 12:24pm CST by Luke Adams

The Wizards have signed undrafted rookie Devin Robinson to a two-way contract, according to Candace Buckner of The Washington Post. The club has now filled both of the openings for two-way players on its roster.

Robinson, a 6’8″ forward out of Florida, averaged 11.1 PPG and 6.1 RPG with a .524/.391/.723 shooting line in his junior year in 2016/17. An early entrant in the 2017 draft, Robinson was viewed as a top-50 prospect by DraftExpress, but wasn’t one of the 60 players to come off the board on draft night, making him an unrestricted free agent.

The Wizards previously signed Pittsburgh alum Michael Young to a two-way deal, so they’re now at their limit for two-way players. Both Young and Robinson have been playing for Washington’s Summer League squad in Las Vegas.

For details on what two-way contracts are, how they work, and how much they pay, be sure to check out our breakdown from earlier this year.

Jazz Expected To Waive Boris Diaw

July 13th, 2017 at 9:34am CST by Luke Adams

The Jazz are expected to waive veteran forward Boris Diaw before his 2017/18 salary becomes guaranteed this weekend, tweets Tim MacMahon of ESPN.com. The team had been exploring trades involving Diaw’s non-guaranteed contract, and a deal is still possible, as MacMahon acknowledges (via Twitter). But an outright release appears to be the more likely outcome.

A 14-year NBA veteran, Diaw joined the Jazz in a trade last offseason, and appeared in 73 games for the team, making 33 starts. However, 2016/17 was one of the worst seasons of Diaw’s long career — his 4.6 PPG was his lowest mark since his rookie year, and his numbers in several other categories, including FG% (.446) and 3PT% (.247), were far below his career averages.

Diaw is entering the final year of his contract and had been slated to earn $7.5MM in 2017/18. However, that figure is fully non-guaranteed for two more days, meaning Utah could waive him and not be on the hook for any of it.

While Diaw’s contract would make a good trade chip, any deal involving the veteran forward would likely involve the Jazz taking back a chunk of salary. That scenario no longer looks as viable for Utah, since the club has agreed to a handful of free agent contracts that appear to require cap room.

Within the last couple days, the Jazz have agreed to sign Thabo Sefolosha (two years, $10.5MM), Jonas Jerebko (two years, $8.2MM), and Ekpe Udoh (two years, $6.5MM). Based on the reported terms, those three deals look a little too expensive to fit into the team’s mid-level and bi-annual exceptions, signaling that Utah will instead use cap space – and probably the room exception – to finalize them. Waiving Diaw would clear the necessary room.

Mavericks Sign Maxi Kleber

July 13th, 2017 at 7:34am CST by Arthur Hill

JULY 13, 7:34am: The Mavericks have officially signed Kleber, the team announced today in a press release.

JULY 12, 4:29pm: The Mavericks have reached a deal with German forward Maxi Kleber, according to Emiliano Carchia of Sportando. It will be a minimum contract containing a partial guarantee, tweets Tim MacMahon of ESPN.com.

The 6’9″ Kleber averaged 8.9 points and 5.3 rebounds last year for Bayern Munich in German League action, and 9.7 points and 6.6 rebounds in EuroCup play.

Kleber, 25, is from Wurzburg, the same hometown as Dallas star Dirk Nowitzki.

Kyle Korver Re-Signs With Cavaliers

July 12th, 2017 at 7:28pm CST by Arthur Hill

JULY 12, 8:28pm: The signing is official, the Cavaliers announced on their website.

JULY 2, 3:09pm: Kyle Korver has agreed to a new three-year, $22MM contract with the Cavaliers, tweets Shams Charania of The Vertical. The final season is only partially guaranteed, according to Brian Windhorst of ESPN.com (Twitter link).

The 36-year-old came to Cleveland in a January deal and provided a needed outside threat. He averaged 10.7 points in 35 games and shot .485 from 3-point range.

The Cavs acquired Korver’s Bird rights when they brought him over from Atlanta, which is fortunate because they don’t have any available cap room to use to re-sign him. The 14-year veteran will get a nice raise from the little more than $5.2MM he made this season.

Several other teams expressed an interest in Korver, including the Pelicans and Bucks, but he decided to remain with the Eastern Conference champions and take another shot at a ring.

Photo courtesy of USA Today Sports Images.

Warriors, Omri Casspi Agree To Deal

July 12th, 2017 at 6:43pm CST by Luke Adams

6:44pm: It’ll be a one-year, minimum salary contract for Casspi, tweets Tim Bontemps of The Washington Post. Casspi’s minimum will be worth about $2.1MM, though it’ll only count against the Warriors’ cap for approximately $1.47MM.

Minimum salary deals can be finalized during the July moratorium, so Golden State doesn’t have to wait until Thursday to make the signing official.

6:23pm: The Warriors have lined up a deal to add another shooter to their roster, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that free agent forward Omri Casspi has agreed to sign a one-year deal with the team. Sam Amick of USA Today first reported (via Twitter) that Golden State was in talks with Casspi.

[RELATED: 2017 NBA Free Agent Tracker]

Casspi, 29, opened the 2016/17 season with the Kings, but quickly saw his role in Sacramento’s rotation reduced by new head coach Dave Joerger. Casspi was included in the trade that sent DeMarcus Cousins to New Orleans, and while the Pelicans were excited to get him as part of that deal, his stint with the team was short-lived, as he suffered a broken thumb in his first game as a Pelican. Casspi was subsequently waived by New Orleans and later finished the season with the Timberwolves after getting healthy.

Although the 2016/17 season didn’t really give him a chance to show off his talents, Casspi enjoyed the best season of his career in 2015/16 with the Kings, averaging 11.8 PPG and 5.9 RPG in 69 games (21 starts), making a career-high 40.9% of his three-pointers. If he can regain that form, he should have a very nice year with a Warriors team that will get him plenty of open looks.

Financial terms of the deal aren’t yet known, but the Warriors could only offer a minimum salary contract unless they’re willing to dip into their $5.2MM taxpayer mid-level exception for Casspi. A minimum deal seems likely.

Jodie Meeks Signs Two-Year Deal With Wizards

July 12th, 2017 at 4:10pm CST by Luke Adams

July 12, 4:10pm: The signing is official, according to NBA.com.

JULY 2, 11:38am: The Wizards have added some more outside shooting to their roster, according to Shams Charania of The Vertical (via Twitter). League sources tell Charania that Washington has reached an agreement with veteran free agent Jodie Meeks, who will sign a two-year, $7MM contract.

Meeks has seen his last two seasons derailed by injuries, having appeared in just 39 total games for the Pistons and Magic since the start of the 2015/16 campaign. However, he was an effective outside threat for Orlando when he suited up last year, averaging 9.1 PPG on 40.9% three-point shooting.

According to Tim Bontemps of The Washington Post (Twitter link), the Wizards will sign Meeks using their bi-annual exception. The BAE can be used for deals worth up to $6,744,500 over two years, so that makes sense. However, using that exception would limit the Wizards to a hard cap of $125.266MM for the 2017/18 league year.

Washington has about $94MM in guaranteed salaries on its books prior to adding Meeks or re-signing Otto Porter, so if the team intends to match a max offer for Porter, that hard cap could become a problem. If the Wizards instead opt to use a portion of their taxpayer mid-level exception to complete the Meeks signing, the team wouldn’t be subject to a hard cap.

The addition of Meeks probably doesn’t bode well for Bojan Bogdanovic‘s return to the Wizards. Meeks figures to fill a similar role in Washington, and Bogdanovic will likely be able to land a better offer from another club, with the Wizards focusing on Porter.

Since the offseason began, the Wizards have now traded for Tim Frazier and committed to sign Meeks in an effort to bolster one of the NBA’s lowest-scoring benches.

Photo courtesy of USA Today Sports Images.

Warriors Re-Sign Andre Iguodala

July 12th, 2017 at 4:07pm CST by Arthur Hill

July 12, 4:07pm: The signing is official, according to NBA.com.

July 1, 10:56pm: Andre Iguodala has decided to return to the Warriors on a three-year, $48MM deal, according to Shams Charania of The Vertical. Iguodala himself confirmed the agreement (on Twitter) around the same time Adrian Wojnarowski of ESPN first reported that a deal was in place (Twitter link). The contract is fully guaranteed with no options on either side, per Charania (Twitter link).

Iguodala committed to Golden State after meeting with GM Bob Myers and coach Steve Kerr tonight in Los Angeles, according to Wojnarowski (Twitter link). Iguodala also received multi-year offers from the Rockets, Spurs and Kings, putting pressure on the Warriors to increase their own offer, which was believed to originally be in the range of $12-14MM per year, with a partial guarantee in year three (Twitter link via Sam Amick of USA Today).

[RELATED: 2017 NBA Free Agent Tracker]

With new deals in place for Iguodala and Shaun Livingston, along with a super-max extension for Stephen Curry and a huge contract coming for Kevin Durant, Myers has ensured that the core of the Warriors’ championship team will remain together. However, it certainly won’t be cheap.

Once the Warriors come to terms with Durant on a new deal that will give him a 20% raise using his Non-Bird rights, they will have an estimated $130MM in guaranteed money on their books, as Bobby Marks of ESPN details. Even if Golden State fills out the rest of its roster with minimum salary players, team salary would exceed $137MM, putting the club way over the $119MM luxury tax line and creating a tax bill in the neighborhood of $40MM.

By exceeding the tax apron, the Warriors will lose their full mid-level exception and the bi-annual exception, but will have access to the taxpayer MLE worth $5.192MM. Of course, given how many commitments the Dubs already have on their books, any player(s) signed using that exception would be exponentially more expensive due to tax penalties.

The Warriors’ future cap situation will also get a lot more interesting due to Iguodala’s new deal, which includes a guaranteed third year. That means Iggy’s contract will run through the 2019/20 season, which is the same year Klay Thompson‘s new deal will begin. If Golden State intends to retain Thompson, the team’s bill on salaries and taxes that year will be massive.

While Warriors ownership will have to worry about those future tax penalties, fans in the Bay Area can rest assured that all the key pieces of last year’s championship team, including veteran big man David West, will be back.

Outside of former MVPs Curry and Durant, Iguodala was viewed as the Warriors’ most crucial free agent. The 33-year-old finished second in Sixth Man of the Year voting this year, and while his scoring numbers were very modest, he played a huge role for Golden State as a three-and-D wing. Iguodala ranked 11th on our list of this year’s top 50 free agents.

With Iguodala off the board, it will be interesting to see where teams like the Rockets turn. Houston was reportedly having serious talks with the Cavs about Iman Shumpert, so he may be the Rockets’ Plan B.

Photo courtesy of USA Today Sports Images. Luke Adams contributed to this post.

Pacers Sign Second-Rounder Ike Anigbogu

July 12th, 2017 at 1:54pm CST by Luke Adams

The Pacers have signed rookie big man Ike Anigbogu to his first NBA contract, the team announced today in a press release. Anigbogu first broke the news himself, posting a photo on Instagram that showed him putting pen to paper and confirming that he had “made it official.”

[RELATED: 2017 NBA Draft Pick Signings]

Anigbogu, 18, entered the draft this spring after just one season at UCLA. Many draft experts are high on the young center’s potential, with Jonathan Givony of DraftExpress ranking him 15th on his big board.

However, Anigbogu didn’t play much during his lone season with the Bruins (4.7 PPG and 4.0 RPG in 13.0 MPG) and is viewed as a very raw prospect. Health concerns also surround Anigbogu, with questions about his knee likely contributing to his fall on draft night. The Pacers ultimately selected the rookie with the 47th overall pick in the draft.

Terms of the deal weren’t disclosed, but Indiana has the cap room necessary to sign Anigbogu to a deal longer than two years and worth more than the minimum, if the team so chooses. For comparison’s sake, the Pacers’ second-round pick in 2016 – Georges Niang – received a three-year contract worth slightly more than the minimum — it was fully guaranteed for one year with a small partial guarantee in year two. Niang was the 50th overall pick.