Transactions Rumors | Hoops Rumors

Celtics Trade Avery Bradley To Pistons

July 7th, 2017 at 2:56pm CST by Luke Adams

2:56pm: The Celtics and Pistons have sent out press releases confirming that Bradley and a 2019 second-round pick are headed to Detroit in exchange for Morris. The deal is now official.

9:17am: The Celtics and Pistons are finalizing a trade that will send Avery Bradley to Detroit, league sources tell ESPN’s Adrian Wojnarowski. According to Shams Charania of The Vertical, Boston will also send out a 2019 second-round pick and will receive Marcus Morris in the swap.

Because Morris’ $5MM salary for 2017/18 is about $3.8MM lower than Bradley’s figure, the move will allow the Celtics to create the cap room necessary to finalize their maximum salary deal with Gordon Hayward, per Bobby Marks of ESPN. The club also has the $4.328MM room exception available for another free agent.

Boston had reportedly been shopping Bradley, Jae Crowder, and Marcus Smart in an effort to clear enough space for Hayward’s new contract. With Bradley on the move, Crowder and Smart are poised to stay put, at least for now.

In addition to creating some cap space, the trade will add a power forward to a Celtics rotation that is in need of bigs. So far this offseason, the Celtics have waived Tyler Zeller and lost Amir Johnson and Kelly Olynyk in free agency, creating some frontcourt concerns for a team that already lacked reliable rim protection and rebounding. Morris isn’t an elite rebounder, but the 6’9″ forward has the ability to guard bigger players.

During his two seasons in Detroit, Morris missed just five regular season games, making 159 starts for the Pistons. He averaged 14.1 PPG, 4.8 RPG, and 2.3 APG, with a shooting line of .426/.345/.763.

As for the Pistons’ side of the swap, the team had entered the offseason with a need for some backcourt depth and has now added Bradley and Langston Galloway. With Detroit’s payroll on the rise and its backcourt filling up, it will be interesting to see whether the team remains committed to retaining Kentavious Caldwell-Pope.

By exceeding the taxpayer mid-level exception to sign Galloway, the Pistons created a hard cap of $125.266MM, significantly limiting their ability to match a big offer sheet for KCP unless they can shed a contract or two. Team salary is currently in about the $109MM range. For what it’s worth, ESPN’s Brian Windhorst (Twitter link) suggests the club’s talks with Caldwell-Pope haven’t progressed, and speculates that the team may make him unrestricted or decline to match an offer sheet.

Bradley, 26, enjoyed his best season in 2016/17 on a per-game basis, averaging new career bests in PPG (16.3), RPG (6.1), APG (2.2), and a handful of other categories. He also provided excellent perimeter defense and shot .463/.390/.731.

Although Bradley is a very solid pickup for the Pistons, he’ll be an unrestricted free agent a year from now, which is perhaps one reason the Celtics ended up moving him — Crowder remains under contract for three years, while Smart is a restricted free agent next summer and Morris has two years left on his deal, so the team retains some control on all three of those players. Wojnarowski suggests that the Pistons may be aggressive in pursuing a new deal for Bradley, who is extension-eligible, but the team’s cap situation limits its ability to give him a major raise before next summer.

Before agreeing to a trade with the Pistons, the Celtics reportedly talked to the Jazz about a sign-and-trade involving Crowder and to the Knicks about a deal that would have included Smart. Wojnarowski adds (via Twitter) that the Lakers and Clippers were “prominent in [Bradley] talks until the end.”

As an aside, it’s worth noting that the NBA’s new Collective Bargaining Agreement was put to good use in this deal. Under the new CBA, over-the-cap teams are permitted to take back 175% of their outgoing salary, plus $100K, instead of 150% plus $100K (up to a $5MM difference in salaries). In the old system, Detroit would only have been able to take back up to $7.6MM for Morris, but the new CBA allows the team to squeeze in Bradley’s $8.809MM salary.

Photo courtesy of USA Today Sports Images.

Bojan Bogdanovic’s Becomes UFA; Pacers Make Push

July 7th, 2017 at 1:45pm CST by Luke Adams

1:45pm: The Pacers have emerged as the frontrunners to sign Bogdanovic, according to ESPN’s Adrian Wojnarowski (via Twitter).

1:36pm: The Wizards have withdrawn their qualifying offer on Bojan Bogdanovic, giving up their right of first refusal on the free agent forward, tweets TNT’s David Aldridge. As a result of the move, Bogdanovic will be an unrestricted free agent and can sign outright with any team.

Bogdanovic, 28, enjoyed the best season of his NBA career in 2016/17, starting 54 games for the Nets before being sent to the Wizards in a deadline deal. For the season, the 6’8″ swingman averaged 13.7 PPG and 3.4 RPG, with a .445/.367/.893 shooting line.

Despite his solid production, Bogdanovic isn’t viewed as an elite two-way player, so it came as a bit of a surprise when one report indicated he was seeking $16MM annually over three or four years. That sort of money may have been available for a player like Bogdanovic in free agency a year ago when nearly every team had cap room, but the market hasn’t been as prosperous this time around.

Sean Deveney of The Sporting News suggested on Thursday that Bogdanovic’s price tag was “quickly dropping,” though perhaps becoming unrestricted will help. The Hawks, Kings, and Nuggets were among the teams showing interest earlier in free agency — it’s not clear if they’re all still in the mix.

The Wizards are poised to match the Nets’ offer sheet for Otto Porter and reached a deal with Jodie Meeks earlier this week, which made Bogdanovic the odd man out in D.C.

Jaron Blossomgame To Join Austin Spurs

July 7th, 2017 at 1:30pm CST by Luke Adams

1:30pm: Blossomgame will be joining the Austin Spurs, San Antonio’s G League affiliate, but not on a two-way contract, according to Michael C. Wright of ESPN.com. Wright indicates that Blossomgame will get a standard G League contract, as the Spurs retain his NBA rights. That will give the club the flexibility to add two other players on two-way contracts.

10:39am: Reports of Blossomgame signing a two-way contract are “not accurate,” per Jeff McDonald of The San Antonio Express-News (Twitter link).

It’s not clear whether the Spurs intend to sign Blossomgame to an NBA contract or if no decision has been made yet. Since he was a draft pick, San Antonio holds Blossomgame’s NBA rights, so the two sides figure to work something out at some point.

8:27am: The Spurs will sign 2017 second-round pick Jaron Blossomgame to a two-way contract, according to Chris Reichert of 2 Ways & 10 Days (via Twitter). The deal is not yet official.

Blossomgame, a 6’7″ forward, was ranked as the 50th-best prospect in this year’s draft class by DraftExpress. In his senior season at Clemson, Blossomgame averaged 17.6 PPG and 6.3 RPG in 33 games. The Spurs made him the 59th overall pick in the draft last month.

As we’ve detailed, two-way contracts are a new addition to the league’s Collective Bargaining Agreement that allow teams to control two extra players who primarily play for the club’s G League affiliate. They can be called up to the NBA roster, but only for up to 45 days per season.

Blossomgame is the third late-second-round pick to agree to a two-way contract, along with the Pacers’ Edmond Sumner (No. 52) and the Suns’ Alec Peters (No. 54). I expect most second-round selections will avoid having to sign two-way deals, but I wouldn’t be surprised if teams picking late in the draft spoke to players and agents before draft day to see if they’d be amenable to doing a two-way deal.

Heat Trade Josh McRoberts To Mavericks

July 7th, 2017 at 12:25pm CST by Luke Adams

The Heat and Mavericks have officially finalized a deal that sends veteran forward Josh McRoberts to Dallas, the Heat announced today in a press release. In addition to McRoberts, the Mavs will receive a 2023 second-round pick and cash considerations. Miami will acquire young center A.J. Hammons.

The move is a salary dump from the Heat’s perspective, and helps clear the way for the team to finalize its contract agreements with Dion Waiters, Kelly Olynyk, and James Johnson. All three players reached deals with Miami this week that will reportedly pay them between $12-15MM annually.

McRoberts has been limited by injuries for the last two seasons, and may not have a future with the Mavericks, who could stretch the final year of his contract if they so choose. Last season, the 30-year-old averaged 4.9 PPG and 3.4 RPG in 22 games (14 starts) for the Heat.

The Heat have already traded their second-round picks in each of the next four years, meaning the earliest pick Miami could have offered would have been its 2022 selection. The club hangs onto that pick in the transaction, sending its 2023 second-rounder instead. Meanwhile, the amount of cash changing hands isn’t known, but the cap for the 2017/18 league year on cash paid or cash received is $5.1MM.

Raptors Re-Sign Kyle Lowry

July 7th, 2017 at 11:39am CST by Luke Adams

JULY 7, 11:39am: The Raptors have officially signed Lowry to his new deal, the team announced today in a press release.

“Kyle has been a valuable part of our team’s success the past five years,” Raptors president Masai Ujiri said in a statement. “He has grown as a player and person during his time in Toronto and we are excited that he wants to be here to help us continue building a championship program.”

JULY 2, 4:24pm: Lowry’s new deal with the Raptors will be for three years and $100MM, according to Michael Scotto of Basketball Insiders (Twitter link). That’s just a little less than a maximum salary deal for the veteran point guard, and it includes incentives, tweets Sam Amick of USA Today.

4:19pm: The Raptors and Kyle Lowry have agreed to a new deal. Terms of the agreement aren’t yet known, but Lowry has announced in a piece for The Players’ Tribune that he has decided to remain with Toronto.

“I’m coming back to Toronto because my heart is telling me that it’s home — and because staying home, for me and my family, feels like the right thing to do,” Lowry writes. “My heart is telling me that this is the best city in the world, with the best basketball fans in the world. It’s telling me that the Raptors can be a championship-level team, sooner than later. And I’ll be honest (and don’t hate) — it’s telling me that I’ve still never had poutine.”

[RELATED: 2017 NBA Free Agent Tracker]

Lowry, 31, entered this summer as one of the top free agents available at point guard or any position. He’s coming off his third straight All-Star season, having averaged a career-best 22.4 PPG to go along with 7.0 APG, 4.8 RPG, 1.5 SPG, and a shooting line of .464/.412/.819. The Philadelphia native was limited to 60 games due to a broken wrist and missed Toronto’s last two postseason contests due to an ankle injury, but will be 100% for the start of the 2017/18 season.

While it wasn’t a sure thing that Lowry would re-sign with the Raptors this season, many of his other potential suitors addressed their point guard position in other ways within the last week or two. For instance, the Sixers drafted Markelle Fultz, the Nets acquired D’Angelo Russell in a trade, and the Timberwolves committed to sign Jeff Teague.

Those moves – and others – all nudged Lowry back in the direction of Toronto, and his return looked more than ever like a lock when Serge Ibaka reached an agreement with the club earlier today. Lowry and Ibaka share an agent, ASM’s Andy Miller, and it made a lot of sense for the team to re-sign one player if the other returned, since the Raps wouldn’t have any cap room to sign a suitable replacement.

With both Lowry and Ibaka back in the fold, the Raptors project to be well over the luxury tax line, but they’re exploring ways to reduce team salary. The club is said to be discussing a Cory Joseph trade with the Pacers, which would move Joseph’s $7.63MM salary in return for draft-pick compensation. DeMarre Carroll and Jonas Valanciunas are also trade candidates, though it would be virtually impossible to move Carroll without attaching an asset or two to him.

Lowry and Ibaka both agreed to three-year deals, which puts them on track to expire in the summer of 2020. That’s the same offseason that DeMar DeRozan will have the chance to opt out and return to the free agent market as well, so it looks like Toronto aims to contend with its same core for at least the short-term future. The Raps will have the opportunity to potentially reconsider their options by that summer of 2020.

The development of some of the Raptors young players could be key in determining whether or not the club can take the next step and truly challenge for a spot in the NBA Finals. Delon Wright and Fred VanVleet, in particular, could be asked to take on larger roles backing up Lowry if Joseph is dealt. Norman Powell also figures to play more minutes with P.J. Tucker headed to Houston, while Jakob Poeltl and Lucas Nogueira could see more playing time in the frontcourt if Patrick Patterson departs and/or Jonas Valanciunas is traded.

Photo courtesy of USA Today Sports Images.

Pistons Renounce Kentavious Caldwell-Pope

July 7th, 2017 at 11:04am CST by Luke Adams

11:04am: The Pistons are renouncing Caldwell-Pope, which will make him an unrestricted free agent, tweets ESPN’s Adrian Wojnarowski.

The timing of the move is interested, since the Nets’ cap room may be tied up for several days as they wait for official word from the Wizards on Porter. We’ll see if Caldwell-Pope waits on Brooklyn or quickly pursues a deal with another team.

11:02am: In the wake of their trade agreement for Avery Bradley, the Pistons are prepared to move on from Kentavious Caldwell-Pope, reports Vince Ellis of The Detroit Free Press (Twitter link). According to Ellis, Detroit is looking to add “two more guys” to its roster. But Caldwell-Pope may not be one of them.

Talks between the Pistons and Caldwell-Pope haven’t progressed so far, as Brian Windhorst of ESPN tweeted earlier today. Windhorst noted that there’s a possibility Detroit will pull Caldwell-Pope’s offer and make him an unrestricted free agent. While that hasn’t happened yet, it doesn’t look like the Pistons will match a big offer sheet for KCP.

Caldwell-Pope, 24, is viewed as one of the top two-way wings left on the market, but the qualifying offer he received from the Pistons gives Detroit the opportunity to match any offer sheet he signed. However, having added Langston Galloway, Eric Moreland, and Bradley, the Pistons have upwards of $109MM in salary commitments and have a hard cap of $125.266MM.

While Caldwell-Pope may not receive a maximum salary deal, any offer worth more than about half the max would put the Pistons in a tough spot. And with Galloway and Bradley now in the mix, the team’s need for another guard has diminished — especially since Bradley can provide the sort of three-point shooting and defense that KCP did.

A report from ESPN’s Adrian Wojnarowski earlier today suggested that the Pistons may be aggressive in trying to extend Bradley, but the club’s cap situation limits its ability to make a competitive offer. Ellis (Twitter link) hears from a source that Bradley won’t do an in-season extension since the money is too low, but the team still hopes to have him long term in Detroit. He’ll be an unrestricted free agent next summer and the Pistons will hold his Bird rights.

Whether or not Caldwell-Pope’s qualifying offer is rescinded by the Pistons, it may make sense for his camp to wait to see what happens with the Nets and Otto Porter. The Wizards are expected to match Brooklyn’s offer sheet for Porter, and Caldwell-Pope may be next up on the Nets’ wish list.

Raptors Re-Sign Serge Ibaka To Three-Year Deal

July 7th, 2017 at 10:26am CST by Luke Adams

JULY 7: The Raptors have issued a press release formally confirming their new deal with Ibaka.

“We are thrilled with the skills and intangibles Serge brings to our team,” Raptors president Masai Ujiri said in a statement. “He is one of the top two-way power forwards in the NBA and his ability to stretch the floor is a valuable asset today’s game.”

JULY 2: The Raptors have reached an agreement on a new deal for Serge Ibaka, reports Adrian Wojnarowski of ESPN. According to Wojnarowski, Ibaka has agreed to sign a three-year contract worth $65MM to remain in Toronto.

Ibaka, who will turn 28 in February, initially joined the Raptors in a trade deadline deal back in February, as the Magic sent him to Toronto in exchange for a package that featured Terrence Ross and a first-round pick. The veteran big man averaged 14.2 PPG, 6.8 RPG, and 1.4 BPG with a .398 3PT% down the stretch for the Raptors, and there was a sense that the two sides wanted to continue the relationship beyond this year.

Ibaka is no longer the dominant rim protector that he was during his prime years in Oklahoma City, when he led the NBA in blocks in consecutive seasons. However, he has developed into a legitimate outside threat, setting new career bests in three-point percentage (39.1%) and threes per game (1.6) in 2016/17.

With Ibaka back in the fold, it seems likely that the Raptors will also lock up free agent point guard Kyle Lowry. Ibaka and Lowry share an agent in ASM’s Andy Miller, and while the duo isn’t necessarily viewed as a package deal this summer, it makes sense for Toronto to retain both, since the team won’t have the cap flexibility to sign a comparable replacement for Lowry if he leaves. The fact that the Raptors are reportedly discussing a Cory Joseph trade with Indiana also bodes well for Lowry’s return.

[RELATED UPDATE: Raptors to re-sign Kyle Lowry]

It remains to be seen how Ibaka’s new deal with the Raptors will affect incumbent center Jonas Valanciunas. The majority of Toronto’s most effective lineups late in the 2016/17 season had Ibaka playing center, and he seems to be a better fit at the five than the four. Valanciunas would be a pricey backup at $15MM+, and if Lowry gets a big payday, the Raptors will go over the tax line, so the young center could be on the trading block again.

As Zach Lowe of ESPN.com observes (via Twitter), re-signing Lowry to a deal near the max and trading Joseph wouldn’t get the Raptors below the tax threshold. Toronto is looking to move contracts, according to Lowe, who notes that Valanciunas is the most interesting trade chip to watch, since the Raps would have to attach an asset or two to DeMarre Carroll to move his deal.

Photo courtesy of USA Today Sports Images.

Knicks Waive Marshall Plumlee

July 7th, 2017 at 8:53am CST by Luke Adams

The Knicks have waived Marshall Plumlee, the team announced today (via Twitter). Plumlee will become an unrestricted free agent, assuming he clears waivers.

Plumlee, who turns 25 next Friday, signed with the Knicks last offseason as an undrafted free agent out of Duke. In his rookie season, he played sparingly for New York, averaging 1.9 PPG and 2.4 RPG in 21 contests (8.1 MPG). He had a larger role in 15 G League games for the Westchester Knicks, averaging 12.3 PPG and 9.1 RPG.

Plumlee’s 2017/18 salary was partially guaranteed for $100K, but the rest of his minimum salary wasn’t due to become fully guaranteed until October, according to Basketball Insiders. As such, the Knicks will be off the hook for the remaining $1,212,611.

Knicks Sign Tim Hardaway To Offer Sheet

July 6th, 2017 at 10:23pm CST by ChrisCrouse

Tim Hardaway Jr. has signed an offer sheet from the Knicks, Shams Charania of The Vertical reports (Twitter link). Adrian Wojnarowski of ESPN.com tweets that the deal is for $71MM over four years.

The deal contains a player option on the final year of the deal, Jeff Zillgitt of USA Today adds (Twitter link). ESPN’s Ian Begley tweets that the contract contains a 15% trade kicker. The Hawks will have two days to make a decision on whether or not to match all the terms of the deal.

New York currently doesn’t have the cap space to make this lucrative of an offer. However, the organization has an easy path to opening up cap space in that it can simply renounce the rights to Derrick Rose, as ESPN’s Bobby Marks notes (Twitter link). Rose has a cap hold of approximately $29.7MM.

Hardaway Jr. was drafted by New York with the No. 24 pick in the 2013 draft. The Knicks traded him to the Hawks in a 2015 draft night trade that netted them Jerian Grant. Grant was traded to the Bulls during the following offseason as part of a package that brought Rose to the Big Apple.

Tim Hardaway Sr. tells Marc Berman of the New York Post (Twitter link) that his son has no “bad blood” with the organization. The shooting guard knows that the executive who traded him is no longer with the organization.

Kevin Durant Re-Signs With Warriors

July 6th, 2017 at 8:08pm CST by Dana Gauruder

JULY 6: Durant has officially re-signed with the Warriors, per RealGM’s transactions log.

JULY 3: Kevin Durant has agreed to a two-year, $53MM contact with the Warriors, Chris Haynes of ESPN.com tweets. The second year will be a player option, Haynes adds in another tweet. Durant’s salary for next season will be $25MM, Sam Amick of USA Today tweets.

Durant’s willingness to take far less than a 20% raise aided the Warriors’ efforts to retain their free agents, Marcus Thompson of the San Jose Mercury News reports.

Durant, who opted out of his contract with the full intention of re-signing with Golden State, was eligible to receive a maximum starting salary of $34.65MM. Durant, who made $26.54MM last season, decided to take significantly less than the expected 20% raise that would have secured him a $31.8MM salary for next season.

That is a major reason why the Warriors successfully negotiated new contracts with free agents Andre Iguodala and Shaun Livingston. Iguodala, who was sought after by numerous clubs, agreed to a three-year, $48MM deal while Livingston agreed to stay put for three years and $24MM. In essence, as Thompson points out, Durant is gifting part of his salary for next season to his teammates.

Durant’s discount will also help ownership save some money on its luxury tax bill, depending upon how far over the tax line the franchise goes. Durant’s first-year salary will save the franchise approximately $20MM, according to ESPN’s Bobby Marks, who projects Golden State will now pay $32.4MM instead of $52.4MM in luxury taxes.

Photo courtesy of USA Today Sports Images.