4:50 PM: The signing is official, according to the team’s Twitter feed.
9:30 AM: The Raptors will sign Alfonzo McKinnie to a multi-year contract with a partial guarantee, according to Blake Murphy of Raptors Republic.
A 6’8″ forward out of Green Bay, McKinnie is currently playing for Toronto’s team in the Las Vegas Summer League. He spent all of last season with the Bulls’ G League affiliate, averaging 14.9 points and 9.2 rebounds in 50 games.
The Raptors have signed OG Anunoby to a rookie scale deal, according to the team’s Twitter feed. The exact terms were not disclosed, but assuming he signed for 120% of the rookie scale, he’ll make slightly more than $9.75MM over the next four seasons.
The small forward suffered a knee injury part way through his sophomore season at Indiana and it certainly impacted his draft spot. He was expected to be a lottery pick coming into the draft process but ended up going No. 23 overall to Toronto.
It’s unlikely that Anunoby is ready to begin the season, though according to an earlier report, he should be able to get on the court at some point before 2018. Toronto’s wing rotation is currently in flux after losing P.J. Tucker in free agency and trading away DeMarre Carroll to the Nets. The Raptors were able to bring in C.J. Miles via a sign-and-trade, but depth arguably still remains the team’s biggest weakness. Anunoby should be able to help with that once he recovers from his injury.
The Missouri native was impressive on the defensive end during his 16 games with the Hoosiers. He had at least one block or steal in every game he played.
The Pacers and Raptors have agreed to a sign-and-trade deal that will send free agent C.J. Miles to Toronto, tweets Adrian Wojnarowski of ESPN.com. Miles will sign a three-year deal with the Raptors worth about $25MM that contains a player option for the final season.
The trade cannot be completed until Toronto moves some salary by sending DeMarre Carroll to Brooklyn, Wojnarowski notes (Twitter link). That deal is contingent on the Wizards matching the Nets’ offer sheet to Otto Porter, which they have announced they will do. However, provisions for Porter’s physical could delay the matching process to as late as Wednesday.
The Miles trade will send point guard Cory Joseph to Indiana in return, Wojnarowski adds (Twitter link).
Joseph, who turns 26 next month, played in 80 games for the Raptors last season, averaging 9.3 points and 3.3 assists, mostly as a combo guard off the bench. He will make $7.66MM next season and has a player option worth $8MM for 2018/19. He’ll team with newly-signed Darren Collison as Indiana looks to replace Jeff Teague at the point guard position.
Miles, a 30-year-old swingman, will serve as a replacement for Carroll and provide Toronto with some additional outside shooting. A 12-year veteran, Miles is coming off another productive season — in 76 games, he averaged 10.7 points and 3.0 rebounds, and shot a career-best 41.3% on three-pointers. He will be getting a raise from the $4.58MM he made last season.
The Raptors will be hard-capped at $125.266MM for the 2017/18 league year as a result of acquiring a player in a sign-and-trade deal, and may also have to rely on a pair of youngsters – Delon Wright and Fred VanVleet – as the backup point guards behind Kyle Lowry.
Photo courtesy of USA Today Sports Images.
JULY 9, 12:22: The deal is official, according to a tweet from the Magic.
JULY 7, 6:51pm: The Magic are finalizing a deal with free agent guard Shelvin Mack, Adrian Wojnarowski of ESPN tweets. The two-year pact is said to be worth $12MM, at an even $6MM per year (according to Tony Jones of the Salt Lake Tribune).
In 55 games for the Jazz last season, Mack posted 7.8 points per game, a far cry from the 12.7 he put up in ten extra minutes the year prior.
Over the course of a six-year career, Mack has established himself as a solid backup guard capable of playing both the one and the two. In Orlando he’ll fit in well behind Elfrid Payton, perhaps sharing spot starter duties with D.J. Augustin.
The move could signal that C.J. Watson, the team’s other point guard option, could be waived in the coming days. Watson’s deal isn’t guaranteed for 2017/18 if Orlando waives him prior to July 10, as is laid out in our official NBA Salary Guarantee Dates list.
The Bulls have rescinded their qualifying offer to Joffrey Lauvergne, tweets Shams Charania of The Vertical. The move makes him an unrestricted free agent, and Charania notes that several teams are already expressing interest.
The qualifying offer was $2,137,149 and Lauvergne had a $3,248,466 cap hold, so Chicago frees up a little bit of money by letting him go.
The Bulls acquired the third-year center/forward from Oklahoma City in a trade at the February deadline. He played 20 games with Chicago, averaging 4.5 points and 3.4 rebounds in about 12 minutes per night.
Lauvergne was selected by Memphis with the 55th pick in 2013 and was traded to Denver on draft night. He spent two years with the Nuggets before being dealt to the Thunder in 2016. He earned a little more than $1.7MM last season.
The Wizards announced they will match the Nets’ four-year, $106.5MM offer to Otto Porter, tweets Candace Buckner of The Washington Post. Porter still has to pass a physical before the move becomes official, notes David Aldridge of TNT (Twitter link).
Washington had until 11pm Central to decide on the offer sheet, so the Wizards beat the deadline by about two hours. They had vowed to match any offer, even as Porter was negotiating with other teams.
The new contract will make Porter the team’s highest-paid player next season with a $24.8MM salary, Buckner notes. It also pushes Washington above the luxury tax line for the first time ever.
The Wizards have $126.5MM in salary committed for the upcoming season with 13 guaranteed contracts and two non-guaranteed, along with an $11.4MM tax bill, posts Bobby Marks on ESPN Now.
The Nets’ offer to Porter includes a 15% trade kicker and a player option for the fourth year, along with a provision stating that Porter will receive half of his annual salary by October 1st of each year.
By matching, Washington brings backs a key piece of last season’s roster, as Porter appeared in 80 games, all as a starter, and averaged 13.4 points and 6.4 rebounds per night. He has been with the franchise since being taken with the third pick in the 2013 draft and has been a regular starter for the past two seasons.
For the Nets, it’s the latest in a string of misses in restricted free agency. Over the past 12 months, Brooklyn has submitted offer sheets to Allen Crabbe, Tyler Johnson, Donatas Motiejunas and Porter, and all were matched by their current teams.
Tonight’s decision won’t free up the Nets’ cap room right away. Porter has two days to undergo the team physical, then the Wizards have two more days to report the results to the league. So it’s possible that Brooklyn’s cap situation will not be resolved before Wednesday. Brooklyn will have $28.3MM once the process is complete, Marks posts.
The Bucks have signed Jalen Moore to a two-way contract, the team announced on its website.
A 6’8″ forward out of Utah State, Moore was a second team All-Mountain West selection after averaging 17.0 points and 5.5 rebounds during his senior season. He was a 38.3 shooter from 3-point range during his four years with the Aggies.
Under the new collective bargaining agreement, teams can have two-way players on their roster at any time, in addition to their regular 15-man roster. Moore will spend most of the season with Milwaukee’s new G League affiliate, the Wisconsin Herd, and will be limited to 45 days with the Bucks from the time G League training camp opens until the end of the Herd’s season.
Moore is currently playing for the Bucks’ entry in the Las Vegas Summer League.
On Thursday, Milwaukee signed Bronson Koenig of Wisconsin as its other two-way player.
JULY 8, 6:57pm: Johnson’s signing is official, the Sixers announced in an email.
JULY 1, 6:25pm: The Sixers and Celtics discussed a sign-and-trade involving Jahlil Okafor for Johnson, but the deal never materialized, Wojnarowski said on ESPN’s televised coverage of free agency.
5:09pm: Amir Johnson will join the Sixers on a one-year, $11MM deal contract, tweets Adrian Wojnarowski of ESPN.com.
The 11-year veteran started 77 games for the Celtics this season, averaging 6.5 points and 4.6 rebounds per night. He made $12MM this year in the final season of a two-year contract.
There had been rumors that the Celtics were interested in a sign-and-trade with the Sixers involving Johnson, but this appears to be a straight free-agent signing.
The Bulls, Raptors and Rockets also expressed interest in Johnson, and all three teams had meetings with him scheduled for today.
JULY 8, 6:55pm: Redick’s signing is official, according to an email from the Sixers.
JULY 1, 3:11pm: The Sixers and veteran sharpshooter J.J. Redick have reached an agreement on a one-year deal, reports Adrian Wojnarowski of ESPN. While the contract will be a short one, Redick will do well on the annual salary — the deal will be worth $23MM, per Wojnarowski. The Timberwolves and Nets were also reportedly contenders for Redick, and he had expressed interest in joining former Clippers teammate Chris Paul with the Rockets.
Philly was the first team that Redick met with once free agency was underway last night. During ESPN’s live television coverage, Wojnarowski noted that the Sixers wanted to convince Redick to accept a short-term contract, “a one-year deal at a very big number, $20 million-plus, potentially.” It appears the team accomplished its goal, landing one of the best long-range gunners in the league without sacrificing future cap flexibility. Redick’s agent, Greg Lawrence of Wasserman Media Group, and Sixers President of Basketball Operations Bryan Colangelo completed talks on the deal this afternoon, league sources told Woj.
Redick certainly had no shortage of suitors early on, with the Timberwolves one of the more aggressive teams that the guard had interest in joining, per Jon Krawczynski of The Associated Press (Twitter link). The unrestricted free agent was willing to consider a multi-year offer from Minnesota for less than the one-year pact he agreed to with Philly, but that notion didn’t gain traction with the Wolves, Darren Wolfson of 1500 ESPN tweets.
It’s worth noting that this agreement was locked down just after Andre Iguodala canceled his meeting with the Sixers. There is certainly a possibility that Philadelphia upped its offer to Redick after being spurned by Iggy, so that the franchise could secure at least one of its top veteran targets this summer. The team still has approximately $27MM in available cap space to pursue other free agents, notes Zach Lowe of ESPN (Twitter link).
The 33-year-old was originally selected with the No. 11 overall pick in the 2006 NBA Draft by the Magic. His career numbers are 11.9 points, 1.9 rebounds and 1.8 assists through 690 regular season contests. His shooting numbers are a stellar .447/.415/.888. Last season he appeared in 78 contests for the Clippers, averaging 15.0 points and connecting on 44.5% of his shots from beyond the arc.
Photo courtesy of USA Today Sports Images.
Markelle Fultz, the top pick in this year’s draft, has signed his rookie deal with the Sixers, the team announced in a press release.
As the No. 1 selection, Fultz is eligible to make a little more than $7MM in his first season and more than $37.4MM over the four-year contract, as our rookie-scale contract chart shows. Like all rookie contracts, it will have two guaranteed seasons, followed by two team options.
A 6’4″ point guard, Fultz was almost unanimously considered to be the best player in the draft. The Sixers valued him enough to trade their No. 3 choice along with a future first-rounder to get the top pick from Boston.
“Markelle Fultz possesses elite basketball skills, instincts and talent which prompted us to move up to No. 1 and add him to our talented young core of players,” Sixers president of basketball operations Bryan Colangelo said. “At only 19 years of age, the sky is the limit for Markelle and we could not be happier to have him join our Sixers family.”
Fultz is expected to challenge for a starting job as a rookie and share primary ball-handling duties with Ben Simmons. As a freshman, Fultz averaged 23.2 points, 5.9 assists and 5.7 rebounds at Washington.