Portland, coach Terry Stotts reach deal on multi-year contract extension

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UPDATE 6:05 pm: And it’s official.

The Portland Trail Blazers and coach Terry Stotts have reached a three-year contract extension, the team announced (this is reportedly a three-year deal, with a team option for the fourth).

“Terry has done an outstanding job during his first two years with the organization,” team GM Neil Olshey said in a released statement. “This extension illustrates our confidence in him as our head coach as well as the Portland Trail Blazers’ continued commitment to building a model of consistency and stability.”

“Portland is a unique and special place and I’m very proud to be the head coach of the Trail Blazers,” said Stotts in the same statement. “We started the process two seasons ago and laid the foundation for success. I look forward to the possibilities of the upcoming seasons.”

4:51 pm: Coach your team to a 21-game improvement, win 54 games and get to the second round of the playoffs with one of the most entraining teams in the league and you deserve a contract extension.

That’s what Terry Stotts did — and he’s about to get that payday.

Stotts was about to enter the third year of a three-year deal but he’s going to get a little more job security, reports Adrian Wojnarowski of Yahoo Sports.

After a remarkable franchise turnaround, Portland Trail Blazers coach Terry Stotts is nearing agreement on a multiyear contract extension, league sources told Yahoo Sports. The Blazers hold an option on the third and final year of Stotts’ contract for 2014-15, but that’ll likely be torn up and replaced with the new deal.

Blazers general manager Neil Olshey and Stotts’ agent, Warren LeGarie, have been working on the deal, and it’s expected to be finalized in the near future, league sources said.

Stotts has developed an offense around LaMarcus Aldridge and Damian Lillard that is one of the best in the league (fifth best in the league at 108.3 points per 100 possessions in the regular season). That offense got them past the Houston Rockets in the first round of the playoffs.

There is a need for a better defense (16th in NBA) and more depth, but Stotts has earned the right to guide the team through that and see if he can help lift them to the next level (in a very deep West that t will not be easy).

Report: Bulls signing Luke Kornet for guaranteed $4.5M over two years

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Just three 7-footers have averaged 3.5 3-pointers per game and made 35% of them each of the last two seasons:

The Bulls will now have most of them.

Markkanen is Chicago’s top young player. Kornet will join him with the Bulls next season.

Shams Charania of The Athletic:

I’m a little surprised Kornet got more than his minimum ($3,383,360 over two years). But it’s worth taking a flier on him.

In addition to his outside shooting, Kornet has shown good timing as a shot-blocker in two seasons with the Knicks. The 24-year-old must get stronger and improve as a rebounder to play major minutes.

But the Bulls won’t have to press him into action. They also have Thaddeus Young, Markkanen, Wendell Carter Jr., Daniel Gafford and Cristiano Felicio as bigs.

Pistons claim Christian Wood off waivers

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The Bucks waived Christian Wood late last season to ensure avoiding the luxury tax. The Pelicans claimed him. Wood had played well in limited minutes with the 76ers, Hornets and Bucks and in the NBA’s minor league since going undrafted in 2015.

New Orleans gave him his biggest opportunity yet. In 24 minutes per game over eight games, he averaged 17 points and eight rebounds.

But the Pelicans filled their roster for next season and waived Wood.

Detroit will take advantage.

Pistons release:

The Detroit Pistons announced today that the team has claimed forward/center Christian Wood off waivers.

Wood’s $1,645,357 minimum salary is unguaranteed until the regular season. So, Detroit could still waive him before the season. But it seems he’ll at least go to training camp and get a shot at a regular-season roster spot.

The Pelicans also could’ve kept him through the preseason then waived him before the regular season. They seemingly did him a favor of allowing him to get somewhere he has a realistic chance of sticking.

Blake Griffin and Andre Drummond will start in the frontcourt for the Pistons. Markieff Morris and Thon Maker appear to be first in line is backups.

But don’t be surprised if Wood earns playing time. At minimum, the 23-year-old should provide nice depth at both power forward and center.

The Pistons have also now acquired four members of last year’s Bucks – Tony Snell, Thon Maker, Tim Frazier and now Wood.

Knicks: Reggie Bullock has spine injury

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Reggie Bullock had his agreed-upon salary cut by more than half with the Knicks. He’ll reportedly miss at least a month of the regular season.

All because of a mysterious health issue.

The Knicks have finally disclosed what’s happening.

Knicks release:

Reggie Bullock underwent successful surgery today at the Hospital for Special Surgery in New York for a cervical disc herniation. The team will plan to provide an update on his rehab and progress around the start of training camp.

Bullock is a good shooter from the wing. New York could use him. Many teams could use him.

But Bullock must get healthy first.

At this point, we probably shouldn’t expect much from him any time soon. The best indication: how eagerly his agent praised the Knicks for their handling of this situation. Again, Bullock settled for less than half his initially agreed-upon salary.

Report: Suns signing Cheick Diallo to two-year contract

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The Suns went old in the draft, picking 23-year-old Cameron Johnson at No. 11.

Phoenix will go younger in free agency with 22-year-old Cheick Diallo.

Adrian Wojnarowski of ESPN:

Barring another move, the Suns have only the minimum available. Diallo will get $1,678,854 next season and $1,824,003 the following season.

The No. 33 pick in the 2016 draft, Diallo worked his way into the low end of the rotation during his three years with the Pelicans. He’s a hustle big, committed rebounder and athletic player. But at 6-foot-9 and 220 pounds, he’s not strong enough to bang with most centers. His skill level is low for power forward.

Phoenix will stick him behind Deandre Ayton, Dario Saric, Aron Baynes and Frank Kaminsky in the frontcourt. Diallo might receive situation minutes, but he must develop further to hold staying power.