NBA rumors

Carmelo Anthony will return to the Portland Trail Blazers.
Melo wanted to show loyalty to the franchise that helped him to become an NBA caliber player again.

He understands what to expect in Portland, where he will play a key role on a potential contender.

Anthony wanted to show loyalty to the Trail Blazers, who gave him his opportunity to return to the NBA last season. He understands what to expect in Portland, where he will play a key role on a potential contender. https://t.co/3AiNteh9GN

— Shams Charania (@ShamsCharania) November 21, 2020

The Denver Nuggets have reached an agreement to sign Paul Millsap to a one-year, $10 million contract.
Millsap will remai in Colorado for at least one more season.

Free agent Paul Millsap has agreed to a one-year, $10M-plus deal to return to the Denver Nuggets, his agent DeAngelo Simmons tells @TheAthleticNBA @Stadium.

— Shams Charania (@ShamsCharania) November 21, 2020

The Milwaukee Bucks are signing DJ Augustin for the next three years.
The guard will pen a contract worth $21 million.

Free agent guard DJ Augustin has agreed to a three-year, $21M deal with Milwaukee, source tells ESPN.

— Adrian Wojnarowski (@wojespn) November 21, 2020

The Washington Wizards are adding Raul Neto.
The Brazilian guard will pen a single season deal with the Wizards.
Neto will get $1.8 million.

Free agent guard Raul Neto has agreed to a one-year deal with the Washington Wizards, sources tell @TheAthleticNBA @Stadium.

— Shams Charania (@ShamsCharania) November 21, 2020

Bobby Portis is joining the Milwaukee Bucks.
The former Bulls and Knicks forward will sign a contract for two seasons with a player option in the second year.

Bobby Portis is joining Milwaukee on a two-year deal, with a player option in the second season, sources said. Bucks receive a major frontcourt addition, and Portis has opportunity to play key role on a title contender. https://t.co/fr5SKO501u

— Shams Charania (@ShamsCharania) November 21, 2020

De’Anthony Melton is signing a long-terms contract with the Memphis Grizzlies.
The 46th pick of the 2018 NBA Draft will earn $35 million in the next four years.

De’Anthony Melton, the 46th pick in the 2018 NBA draft, now has the highest net salary from his class for the 2020-21 season ($9.6M). https://t.co/W2EPs9kSJF

— Shams Charania (@ShamsCharania) November 21, 2020

The Atlanta Hawks are signing Kris Dunn to a two-year contract.
Dunn comes from the Chicago Bulls and will get $10 million.

Free agent guard Kris Dunn has agreed to a two-year, $10M deal with the Atlanta Hawks, sources tell ESPN. Player option on the second year.

— Adrian Wojnarowski (@wojespn) November 21, 2020

Montrezl Harrell chose to sign with the Los Angeles Lakers despite he had a bigger offer from the Charlotte Hornets, as reported by Brad Turner.
Harrell shares with LeBron James the same agent, Rich Paul of Klutch Sports.

Harrell signed a two-year, $19 million deal with the Lakers.

Sources: The Lakers and free agent center Montrezl Harrell are in negotiations for the NBA sixth man of the year to join them. Harrell turned down more money from Charlotte to join the Lakers.

— Brad Turner (@BA_Turner) November 21, 2020

The two trades involving Steven Adams and Jrue Holiday have turned into a four-team blockbuster deal, per Adrian Wojnarowski.

– Milwaukee gets Jrue Holiday
– New Orleans gets Steven Adams, Eric Bledsoe, plus two first-round picks in 2025 and 2027
– Oklahoma City gets George Hill, Darius Miller, a 2023 first-round pick (from DEN via NOLA) and two second-round picks in 2023 and 2024
– Denver gets the No. 24 pick in 2020 (RJ Hampton) from MIL via NOLA

Restricted free agent Denzel Valentine has signed the one-year, $4.7 million qualifying offer to return to the Chicago Bulls, according to Shams Charania.

Valentine averaged 6.8 points, 2.1 rebounds and 1.2 assists in 36 games for the Bulls last season.