Sport NBA Free Agency: Lonzo Ball, Bulls appear headed for potential $80 million offer; Pelicans can still match
Report: How Much Lonzo Ball Could Fetch In Free Agency
Lonzo Ball is one of the NBA’s top free agents that will hit the open market this offseason. Though he’s unlikely to garner a max contract, a new report indicates teams will have to spend big money to acquire the former UCLA star. Ball will be a restricted free agent, meaning the New Orleans Pelicans […] The post Report: How Much Lonzo Ball Could Fetch In Free Agency appeared first on The Spun.
One of the most intriguing storylines heading into free agency is, who's a restricted free agent after the chose not to sign him to a rookie extension last offseason. Ball has been linked to a handful of teams ( , ), but the most consistent potential landing spot has been the .
First this report came fromon Friday:
For the Bulls, there's believed to be mutual interest with Lonzo Ball on a four-year deal worth over $80 million. If the Pelicans do not renounce Ball, that agreement would have to come via an offer sheet, which New Orleans would have the option to match.
Report: ‘Rising Buzz’ For Kyle Lowry Free Agency Suitor
The race is on within the NBA to acquire veteran star point guard Kyle Lowry. A new potential contender from the Western Conference has emerged. NBA insider Marc Stein is reporting there is “rising buzz” for the New Orleans Pelicans to pursue Lowry, who will become a free agent this offseason. The Pelicans would like […] The post Report: ‘Rising Buzz’ For Kyle Lowry Free Agency Suitor appeared first on The Spun.
Then on Saturday, Yahoo's Chris Haynes echoed the increasingly likely Ball/Bulls marriage on NBA TV:
Watching NBA TV’s free agency special. Well respected— Mark Schanowski (@MarkSchanowski) reports unless there’s a major “hiccup”, sources tell him Lonzo Ball intends to work out a contract with the Bulls. Pelicans are going hard after free agent PG Kyle Lowry.
Keep in mind, the Pelicans can still match whatever offer Ball gets from Chicago or any other suitor, and they have made strides to free up cap space by gettingand off their payroll in the trade for Jonas Valanciunas. But they are not expected to overly extend themselves to retain Ball, and the guess is north of $80 million would be too rich for their blood.
Kyle Lowry free agency update: Pelicans expected to pursue six-time All-Star in offseason, per report
Lowry has been with the Raptors since 2012, but will become a free agent this summerThe New Orleans Pelicans have emerged as a possibility for Lowry, according to Marc Stein. At the moment, they don't have an obvious path to fitting Lowry under the cap. The Pelicans could create roughly $13 million in cap space by renouncing their rights to Lonzo Ball and Josh Hart, but even if that was something that they wanted to do, Lowry would surely want more. At the trade deadline, he reportedly wanted a two-year, $50 million pact from any team that acquired him.
Chicago's salary cap room will depend on whether it extendson a max or close-to-max deal. LaVine is eligible for an extension this offseason, but he's still under contract for another year. The Bulls could wait to extend him until next summer to free space this summer to put a better team around him, but that allows LaVine to hit unrestricted free agency, which brings with it the risk of LaVine walking away from Chicago for nothing.
The Bulls do have the ability to create enough space to potentially sign Ball and extend LaVine, but it would require waiving or waiving and stretching several players.:
With the contracts currently on their books, the Bulls are looking at roughly $11 million in space. However,($6 million out of $14.2 million) and ($5 million out of $10 million) both have partially guaranteed deals. is fully non-guaranteed at $3 million. Waiving all three would immediately create an extra $13 million or so in space once incomplete roster charges are factored in, and those savings would be even greater if the Bulls chose to stretch them over multiple years. Speaking of the stretch provision, the Bulls could also use it on to create another $7 million or so in room. Ultimately, the Bulls are likely to either waive or waive-and-stretch several of these players, but not all of them. Who they choose to dump will determine how much space they have to find a point guard. If they're aggressive enough, perhaps they can even create the $14 million or so they'd need to extend LaVine at his max in addition to making such a move
For all intents and purposes, free agency begins on Monday at 6 p.m. ET, when teams can begin negotiating and reported deals will be announced, but technically the deals can't become official until Friday, Aug. 6 at 12:01 a.m. ET.
Bulls Upgrade Offense With DeRozan Addition, but Spurs Get Better End of Sign-and-Trade .
Chicago keeps upgrading its offense with DeRozan addition after picking up Lonzo Ball on Day 1 of free agency. View the original article to see embedded media.DeMar DeRozan is trading the River Walk for Lake Michigan. The four-time All-Star agreed to a three-year, $85 million deal with the Bulls on Tuesday. DeRozan is headed to Chicago as part of a sign-and-trade in which the Spurs will acquire Thaddeus Young, a future first-round pick, and two future second-round picks. DeRozan, 31, averaged 21.6 points, 4.2 rebounds and 6.9 assists a night last season. Let’s grade this deal for both teams.