Bulls agree to unload Hinrich, free up space for two max free agents

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UPDATE 5:25 pm: This trade has now been confirmed by multiple sources. David Aldridge at NBA.com has some reasoning on why the Wizards would do this deal:

The Wizards have coveted the 29-year-old Hinrich for several seasons,
wanting his veteran presence in their backcourt and his ability to play
both guard spots. Besides his on-court skill Washington believes that
Hinrich can be a solid mentor for John Wall, whom the Wizards will take
with the first pick in tonight’s NBA Draft.

The Wizards also would have some flexibility on how to set up the back court (Hinrich can play the two or the three). They also now have three first round picks: 1, 17 and 30.

And all of that is still not worth the $20 million and lack of flexibility they gave up for next summer.

3:09 pm: Ric Bucher of ESPN The Magazine is reporting that the Washington Wizards and Chicago Bulls have agreed in principle to a relatively small trade with huge implications. 

According to Bucher, the Bulls and Wizards have agreed in principle to a deal that would send Kirk Hinrich and the 17th pick in the draft to the Wizards in exchange for some type of cap relief
Hinrich was once an extremely promising young combo guard capable of making an impact on both ends of the floor, but the 29-year old’s production has fallen off dramatically over the past few seasons. Unless Washington is in love with someone who will be available at 17, this trade doesn’t make a whole lot of sense for them — Hinrich eats into their cap space for the next two seasons, and by day’s end they’ll have John Wall and Gilbert Arenas under contract as well. Oh, and the Wizards agreed to pay $3 million in cash as part of the deal.
For Chicago, this trade would be an absolute home run. Clearing Hinrich’s salary would give the Bulls close to $30 million in cap space, meaning they would have just about enough money to make a run at two max or near-max free agents. (Chicago may need to move a player like James Johnson to free up enough space to pay two players the full max.) That means Chicago would have the space to sign Chris Bosh and LeBron James without needing to find a taker for Luol Deng’s contract or giving up Joakim Noah in a potential sign-and-trade with the Raptors.
The Bulls, without needing to give up one other player on their roster, could have Derrick Rose, Luol Deng, LeBron James, Chris Bosh, and Joakim Noah under contract next season. With Tom Thibodeau after the coach. That should be a frightening thought for the rest of the league.
This deal has not been made official, and cannot technically be made until July 8th, so nothing is confirmed yet. However, if it is true, the implications are undeniable: 26 years after the draft day when Chicago got Michael Jordan, the Bulls may have just made the first step towards another dynasty. 

Steven Adams inks two-year, $25.2 million extension with Grizzlies

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Steven Adams signed a two-year, $25.2 million contract extension with Memphis, which will keep him tied to the team through the 2024-25 season. ESPN’s Adrian Wojanrowski broke the news on Saturday.

Adams has been crucial to the Grizzlies’ recent success. He’s coming off his first season with the team, where he averaged career-highs in rebounds (10.0) and assists (3.4). He also helped them lock up the No. 2 spot in the Western Conference and make it to the Conference Semifinals, where they lost to the eventual-champion Warriors 4-2. Despite the improved numbers, a lot of his value is from intangibles that don’t show up in the box score.

Adams spent the first seven years of his career with the Thunder before being traded to New Orleans in the four-team deal that sent Jrue Holiday to Milwaukee. Adams was moved again to Memphis in a package for Jonas Valanciunas.

Adams has found a new home with a young Grizzlies team that is looking to win a championship. The team is built around Ja Morant, Jaren Jackson Jr. and Desmond Bane, but Jackson Jr. is expected to miss time after being diagnosed with a stress fracture in his left foot. Memphis will rely on Adams more than ever to begin the season.

Watch Curry, Klay in 3-point shooting contest in Japan. Yeah, they’re good at this.

NBA Japan Games Saturday Night
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The NBA went to Japan to promote the brand, play a few games in a huge market — Japan specifically but Asia as a whole — and put on a show.

Is there a better show than Stephen Curry and Klay Thompson draining 3s? Here they are in a 3-point contest during a basketball exhibition (there were some pro dunkers) in Tokyo on Saturday.

Stephen Curry, was there any other possible outcome?

It’s preseason and they are the defending champs — they should be having fun, playing with some joy.

Thompson took part in the shooting contest but is not playing in either of the exhibition games in Japan as the Warriors ease him back into play this season. It’s a marathon of a season and the Warriors need the best version of Klay starting in April, not October.

Report: Pelicans, Nance agree to two-year, $21.6 million extension

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Larry Nance has been a stabilizing influence in New Orleans since coming over mid-season as part of the trade for CJ McCollum. Nance is a versatile player who can play the four or the five, knocks down his threes, is very strong on the glass, can be a disruptive defender in passing lanes, and fits in — and he has the veteran attitude of work this team needs.

So the Pelicans have reached an extension to keep the 29-year-old around for two years past this coming season, reports Adrian Wojnarowski of ESPN.

This is a signing that should make Pelicans fans happy. Importantly, it makes CJ McCollum happy — they are tight and this is something McCollum wanted to see. The money on this deal seems fair, about the league average for a solid rotation player.

Nance is the kind of veteran this team needs considering its young core of Zion Williamson, Brandon Ingram (just turned 25), Herb Jones, and guys like Trey Murphy III, Jose Alvarado, and others. Nance compared it to the young Lakers teams he was on, but noted that team lacked the same level of veteran leadership this Pelicans team has.

We may see more Nance at the five lineups — small ball with Zion at the four — to close games this season in New Orleans, that could be their best lineup because Nance can defend but also spaces the floor for Zion on offense. Coach Willie Green has a lot of different players and matchups to experiment with.

And now he has the stability of Nance for a few more years.

Durant tired of talking Nets dramatic offseason: ‘I didn’t miss any games’

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No team had an offseason quite like the Brooklyn Nets. First, they would not give a long-term extension to Kyrie Irving, which sent the star guard looking for a new team (but there were no offers that worked for everyone, so he opted in with Brooklyn). Then Kevin Durant asked for a trade, and to gain a little leverage reportedly threw down an ultimatum of him or the coach and GM. No trade could be found — how much the Nets wanted one is up for debate — so he is back in Brooklyn. And all that is not even getting into the return of Ben Simmons, a trade for Royce O’Neal, or anything else.

The Nets drama and how they move past it has been the talk of training camp. The only talk at training camp, it feels like.

When asked Friday if there were any inaccuracies in the reporting of the Nets summer he would like to clear up, Durant sounded weary of rehashing the summer.

The only thing that will start to move the conversation in a new direction is the Nets playing and winning games (they open the preseason Monday against the 76ers). And even those wins will have the shadow of the offseason cast over them. Durant and Irving made this bed.

Part of the fascination is the Nets remain the team hardest to predict in the league. They arguably have the most talented roster in the league and, if everything comes together just right, they can contend for a title. It’s also possible the wheels fall off early and by Christmas the Nets are looking to trade Durant again. Both things feel possible (even if reality most likely lands somewhere in the middle).

That uncertainty about the Nets’ future is the drama that will keep eyeballs on them — which also means more questions about this past offseason. Durant can choose not to answer them, but the questions aren’t going away.