NBA rumors

The Cleveland Cavaliers are acquiring Damian Jones from the Utah Jazz, reports ESPN’s Adrian Wojnarowski. Jones opted into his $2.6 million veteran minimum deal with Utah ahead of free agency.

Mo Wagner has reached an agreement with the Orlando Magic on a new two-year, $16 million deal.

The 26-year-old German big man last year produced 10.5 points (50% FG, 84% FT) , 4.5 rebounds and 1.5 assists in 19 minutes per game.

Free agent F Mo Wagner is returning to the Orlando Magic on a two-year, $16 million deal, his agent Jason Glushon of @GlushonSM tells ESPN. Wagner averaged 10.5 points and 4.5 rebounds for the Magic last season.

— Adrian Wojnarowski (@wojespn) July 1, 2023

After Khris Middleton, the Milwaukee Bucks have also reached an agreement with Brook Lopez, who will return to Wisconsin on a two-year, 48 million deal.

The center had received a lucrative offer from the Houston Rockets.

Lopez last season scored 15.9 points with 6.7 rebounds and 2.5 blocks per game.

Free agent center Brook Lopez has agreed to a two-year, $48 million deal to return to the Milwaukee Bucks, sources tell @TheAthletic @Stadium.

— Shams Charania (@ShamsCharania) July 1, 2023

D’Angelo Russell and the Los Angeles Lakers agreed to a two-year, $37 million contract with Player Option for the second season.

Russell, who returned to Los Angel, Adrian Wojnarowski reports.es before the last trade deadline, produced over 17 points and 6 assists per game in the regular season.

Free agent G D’Angelo Russell has agreed on a two-year, $37 million contract to stay with the Los Angeles Lakers, co-heads of @CAA_Basketball Austin Brown and Aaron Mintz along with Antonio Russell tell ESPN. Deal has player option. Lakers secure their starting point guard. pic.twitter.com/ScrZHD7Jio

— Adrian Wojnarowski (@wojespn) July 1, 2023

EuroLeague G Vasilije Micić – one of Europe’s best and most accomplished players – has agreed on a 3-year, $23.5M deal to join the Thunder, as reported by ESPN’s Adrian Wojnarowski. A two-time EuroLeague champion and an MVP, Micic brings a significant skillset and IQ to OKC.

Portland Trail Blazers superstar Damian Lillard has requested a trade this morning, league sources tell TNT’s Chris Haynes.

The Athletic’s Shams Charania reports that the Miami Heat and Brooklyn Nets are among leading suitors for one of the NBA’s 75 Greatest Players ever.

Free agent guard Dennis Smith Jr. has agreed to a one-year deal with the Brooklyn Nets, sources tell The Athletic’s Shams Charania. The Nets made Smith a priority in free agency as their first call, and he becomes their first addition of the summer.

Sasha Vezenkov – a 6-foot-9 reigning EuroLeague MVP – has agreed on a three-year, $20 million deal with the Sacramento Kings, his agents tell ESPN’s Adrian Wojnarowski

Free agent center Jaxson Hayes has agreed to a two-year deal with the Los Angeles Lakers, sources tell ESPN.

Hayes will have a player option on the second year, sources tell ESPN. Lakers land the ex-Pelicans 7-footer to fortify their frontline.

Free agent Max Strus has agreed on a four-year, $63M sign-and-trade with the Cleveland Cavaliers, his agent tells Adrian Wojnarowski of ESPN. In three-team deal, Heat get a second-round pick and Spurs acquire Cedi Osman, Lamar Stevens and a second-rounder.

The San Antonio Spurs are moving forward with their project based on young talent, signing forward Julian Champagnie on a four-year, 12 million (Team Option for the last season) and (via L’Equipe) granting rookie Sidy Cissoko a guaranteed multi-year deal.

Champagnie last year scored 11 points with four rebounds and 40 percent from long range in the 15 games he played with the Spurs.

Cissoko was the No. 44 pick of the last NBA Draft.

Free agent forward Julian Champagnie is finalizing a new deal with the San Antonio Spurs, sources tell ESPN.

— Adrian Wojnarowski (@wojespn) July 1, 2023

The Toronto Raptors replace the departing Fred VanVleet with Dennis Schroder, who agreed to a two-year deal worth about 26 million.

Schroder is coming off a year with the Lakers scoring over 12 points and 4 assists per game.

Free agent G Dennis Schroder has agreed to a two-year, $26M deal with the Toronto Raptors, agent Mark Bartelstein of @PrioritySports tells ESPN.

— Adrian Wojnarowski (@wojespn) July 1, 2023

Fred VanVleet has agreed to a three-year deal worth a whopping 130 million (40.5 for the first season) with the Houston Rockets.

VanVleet joined the NBA as an Undrafted, now he is a Max Player.

The former Wichita State leaves the Raptors after seven seasons.

Free agent G Fred VanVleet has agreed on a three-year, $130 million contract with the Houston Rockets, @KlutchSports CEO Rich Paul and agent Erika Ruiz tell ESPN. Rockets land ex-Raptors All-Star in his prime at 29 years old. pic.twitter.com/B6WwPmLYq1

— Adrian Wojnarowski (@wojespn) July 1, 2023

Derrick Rose is moving in Memphis. The All-Star guard will sign a two-year, $6.5 million deal with the Grizzlies.

The deal is fully guaranteed.

Tyrese Haliburton, an All-Star guard, and the Indiana Pacers have reached an agreement on a five-year contract extension with a $260 million maximum value, according to the player’s representatives, Dave Spahn and Aaron Mintz of CAA Sports, who spoke to ESPN’s Adrian Wojnarowski on Friday night.

The agreement is the biggest in Pacers history and only the second above $100 million in total value for the team.

In his first four seasons, Haliburton averaged 16.2 points and 8 assists while shooting 48% from the field and 41% from 3-point range, making him one of the top picks from the 2020 NBA Draft.

According to ESPN Stats & Information research, he broke out as an All-Star for Indiana last season, becoming the first player in NBA history to average 20 points and 10 assists while shooting 40% from 3-point range in a season (20.7 points, 10.4 assists, 40.0% 3-point).

Desmond Bane, a guard with the Memphis Grizzlies, and his representatives Jim Tanner, Max Wiepking, and Terrence Felder of Tandem Sports + Entertainment have agreed to a five-year, $207 million maximum contract extension, according to Adrian Wojnarowski of ESPN.

Ja Morant, Jaren Jackson Jr., and Bane are now Memphis’ cornerstone players, and their contracts are long-term. The first contract in Grizzlies history is Bane’s $200 million contract.

Bane, 25, was taken with the 30th overall choice in the 2020 NBA Draft and has since grown into one of the league’s top young shooting guards. For the 51-win Grizzlies past season, he posted career highs in points (21.5), rebounds (5.0), assists (4.4), and field goal percentage (48%)

According to reports, free agent Josh Richardson and the Miami Heat have reached a two-year contract agreement. Richardson rejoins the team that selected him in the 2015 draft.

Josh Richardson’s 2 year deal with Heat has a player option at minimum,

Trey Lyles, a free agent forward, and the Sacramento Kings have agreed to terms for his return, according to CEO Rich Paul of Klutch Sports and agent Lucas Newton.

News via Yahoo Sports.

According to Mark Bartelstein and Kieran Piller, Herb Jones and the New Orleans Pelicans have reached an agreement on a new four-year, $54 million contract. Jones chose not to exercise his option to join Pels on an extended contract.

News via ESPN

According to Steven Heumann and Richie Beda of  CAA Basketball, free agency F Taurean Prince and the Los Angeles Lakers have reached an agreement on a one-year, $4.5 million contract.

The Boston Celtics are negotiating a contract extension with Kristaps Porzingis.
The Latvian forward is expected to sign a two-year, $60 million deal.

News via Yahoo Sports.

To rejoin the Denver Nuggets, free agent Reggie Jackson has signed a two-year, $10.25 million contract with a player option for the following season.

DeAndre Jordan as well agreed on a new deal to remain with NBA Reigning Champions.

The Minnesota Timberwolves have reached a two-year deal with Shake Milton.

The former 76ers player will sign for $10 million dollars.

Also the TWolves agreed with Troy Brown from the Lakers.

The Phoenix Suns are very active in the early hours of free agency.

The Suns have confirmed Damion Lee and Josh Okogie, have reached the agreement with Keita Bates-Diop who will sign a two-year $ 5 million with the second year which is a player option.

The Suns also reached an agreement with Chimezie Metu who comes from the Kings and took Yuta Watanabe who instead comes from the Nets.

According to Mark Bartelstein, Joe Ingles and the Orlando Magic have reached an agreement on a two-year, $22 million contract. An experienced supporting actor and presence on the Magic roster.

News via ESPN

Sources inform The Athletic that free agenct guard Gabe Vincent and the Los Angeles Lakers have reached an agreement on a three-year, $33 million contract. Bill Neff, Vincent’s agent, negotiated the new contract for a fantastic undrafted success tale.

According to league sources, free agenct guard Jevon Carter and the Chicago Bulls have agreed to a three-year, $19 million contract.

According to Mark Bartelstein and Andy Shiffman , George Niang and the Cleveland Cavaliers have reached an agreement on a three-year, $26 million contract. Niang departs for another Eastern contender after the Sixers.