Tagged in: contract

Dallas Mavericks sign free agent Frank Ntilikina, No. 8 pick in 2017 draft

The Dallas Mavericks bolstered their backcourt by signing former New York Knicks guard Frank Ntilikina.

The Mavericks revealed the signing of Ntilikina on Thursday. Terms of the contract weren’t disclosed.

Ntilikina played four seasons for the Knicks, who selected him with the No. 8 overall pick in the 2017 NBA Draft. In that same draft, the Mavs took Dennis Smith Jr. with the ninth selection, later trading the guard to the Knicks in the blockbuster deal that brought Kristaps Porzingis to Dallas.

The 23-year-old Ntilikina averaged 5.5 points, 2.7 assists and two rebounds over 211 career games (55 starts) with the Knicks. He had career-worst averages of 2.7 points and 0.6 assists over 33 games (four starts) last season, his final in New York before becoming a free agent.

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Born in Belgium, Ntilikina moved to France when he was 3 years old and started his professional basketball career in 2015 in a French pro league.

Ntilikina competed in the Summer Games in Tokyo for the French national team, which lost to the United States in the gold medal game.

The Mavericks have focused on guards this off-season, previously adding veterans Reggie Bullock and Sterling Brown in free agency. Dallas also re-signed shooting guard Tim Hardaway Jr.

The Mavericks made a point guard selection of their own during that draft. With Ntilikina off the board by the pick prior, Dallas selected Dennis Smith Jr. with the No. 9 overall selection.

Neither Ntilikina nor Smith Jr. had successful tenures with their original NBA team. They are each looking to put together a strong training camp performance to earn a contract for the 2021-22 season.

There was speculation that Smith Jr. could receive a camp invite from the Mavericks, but instead, he received and accepted one from the Portland Trail Blazers.

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DeAndre Jordan intends to sign with Los Angeles Lakers after trade, buyout

After finalizing a contract buyout with the Detroit Pistons, three-time All-Star center DeAndre Jordan intends to sign with the Los Angeles Lakers, sources told ESPN.

Detroit got Jordan, four second-round picks and $5.78 million in a deal with Brooklyn on Friday with the intention of buying out the remaining two years and $20 million on Jordan’s contract, sources told ESPN.

Once the buyout agreement is signed, Jordan will have to clear waivers before becoming a free agent and signing with the Lakers. His contract terms make it virtually impossible for Jordan to be claimed by a team.

Brooklyn got Jahlil Okafor and Sekou Doumbouya in the deal with Detroit, the Nets revealed Saturday.

They will send the Pistons their 2022 and 2027 second-round picks along with the more favorable 2024 second-rounder between the Washington Wizards and Memphis Grizzlies and the more favorable 2025 second-rounder between the Wizards and Golden State Warriors, sources said.

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Trading Jordan’s contract instead of buying it out offers the Nets financial relief in the short term, but also in the future with the repeater tax penalty starting in 2023.

“We appreciate everything DeAndre has contributed to our organization over the past two seasons both on and off the court and wish him and his family the best moving forward,” Nets general manager Sean Marks said in a statement.

Brooklyn had the option of waiving and stretching the $19.7 million owed on Jordan’s deal over five seasons; that would have represented a $3.9 million cap hit that would have lingered on the team’s books from 2021 to 2025.

The move could have saved the Nets money on their luxury tax bill for the next two years but cost them an extra $20 million in 2023-24 and could have reached $50 million in 2024-25 and 2025-26.

The Lakers have signed several veteran players to their bench — including eight-time All-Star center Dwight Howard — and still have three-time All-Star Marc Gasol on the roster.

Jordan was part of a free-agent signing class with Brooklyn that included Kevin Durant and Kyrie Irving in 2019.

Initially, Jordan alternated at starting center with Jarrett Allen, who was eventually traded to Cleveland as part of the four-team deal that landed the Nets All-NBA guard James Harden.

Once the Nets acquired Blake Griffin and LaMarcus Aldridge, Jordan’s role diminished. Jordan averaged 7.5 points and 7.5 rebounds in 57 games played last season in Brooklyn.

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Clint Capela signs contract extension with Hawks reportedly worth $46 million over two years

Atlanta Hawks center Clint Capela has agreed to a two-year, $46 million contract extension, tying him to the franchise through the 2024-25 season, sources told ESPN on Wednesday.

Capela had two years left on his existing contract, and he now is set to make $82 million over the next four seasons with the Hawks.

His representatives at Wasserman completed the new deal with Hawks general manager Travis Schlenk ahead of an Oct. 18 deadline for the extension.

Capela, 27, played an immense role in the Hawks’ run to the Eastern Conference finals last season. He averaged 15.2 points and a league-leading 14.3 rebounds in the regular season and played well in postseason series triumphs over New York and Philadelphia.

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He played an immense role in improving the Hawks’ defense, finishing with a 4.98 defensive real plus-minus, according to ESPN’s Stats & Info. He trailed only Utah’s Rudy Gobert, the league’s defensive player of the year, in that category.

The Hawks signed Capela in a 2020 trade with Houston, where he had played his first six NBA seasons.

Capela is the third Atlanta starter to sign a contract extension this summer, joining All-Star guard Trae Young and forward John Collins. With Capela, Young and Collins all signed to new deals this summer, Atlanta has now locked in its core group of players until at least 2025, when Bogdan Bogdanovic is set to become an unrestricted free agent.

The next deals that will have to be worked out are Kevin Huerter, who will be a restricted free agent next summer, and De’Andre Hunter and Cam Reddish, who still have two more years of team control before they hit restricted free agency in 2024.

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Rajon Rondo likely to sign with Los Angeles Lakers after buyout from Memphis Grizzlies

Another former Laker seems to be on his way back to the purple and gold.

Rajon Rondo will likely sign with the Lakers, sources told ESPN’s Adrian Wojnarowski, upon clearing waivers after a contract buyout with the Memphis Grizzlies on Saturday.

Rondo, 35, was traded from the LA Clippers to the Grizzlies earlier this month as a part of the Eric Bledsoe deal, but he reached an agreement on the final year of his contract worth $8.3 million to go back on the market.

The two-time champion and four-time All-Star played for the Lakers for two seasons from 2018 to 2020 and was an integral piece on L.A.’s title team in the Orlando bubble.

The 16-year veteran would provide depth for the Lakers at point guard, with LeBron James and Russell Westbrook figuring to shoulder the ballhandling duties for the starting lineup.

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Rondo would sign with L.A. on a veteran’s minimum contract and occupy one of the Lakers’ three final open spots on the roster.

He would be the fifth former player to come back into the fold for the Lakers this offseason, joining Dwight Howard, Trevor Ariza, Wayne Ellington and Kent Bazemore.

Rondo averaged 5.4 points and 4.4 assists in 45 matches with the Clippers and Atlanta Hawks last season, shooting a career-best 40.4% from 3.

He spent the first nine seasons of his NBA career with the Boston Celtics after entering the league in 2006. He has averaged 10.0 points, 8.1 assists and 4.6 rebounds over his career, which also stops stops with the Mavericks, Kings, Bulls and Pelicans.

Rondo will fill the 15th roster spot on the Lakers heading into camp. How much he helps them is up for debate.

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Tampa Bay Buccaneers reward DC Todd Bowles with new three-year deal

The Tampa Bay Buccaneers are giving Todd Bowles a new three-year deal that keeps him as the NFL’s highest-paid defensive coordinator, a source told ESPN’s Adam Schefter.

Bowles had one year left on his current deal, but this contract replaces that and doesn’t preclude him from taking another head-coaching job.

In January, Bowles interviewed for head-coaching positions with the Philadelphia Eagles and Atlanta Falcons. He was also booked to interview with the Detroit Lions but canceled the interview upon learning the Lions “had their mind made up” about Dan Campbell.

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He was the head coach of the New York Jets for four campaigns, from 2015 to 2018, before joining Bruce Arians’ staff with the Buccaneers in 2019.

Bowles, 57, has a long history with Arians, having also served as the defensive coordinator with the Arizona Cardinals on Arians’ staffs in 2013 and 2014.

Their connection goes back to Bowles playing defensive back for Arians at Temple in the mid-1980s.

“I think it starts with individual teaching,” Arians said of Bowles. “How do they study film? He’ll bring them in at 5:30 in the morning individually, or maybe two or three, to teach them how to watch film. His expertise in defense is outstanding. He knows everything, he’s seen everything, he’s done everything.

“So the X-and-O part, that’s probably the easier part for him. It’s fitting all the pieces together on guys. What can this guy do, what can that guy do? Where can I create mismatches? Where can I get a guy on the easiest guy to beat on the offensive line? Breaking down protections and things like that. He does just a fantastic job of it.”

“He’s the type of defensive coordinator I would run through a brick wall for,” defensive lineman Will Gholston said.

“If he said, ‘Hey, if you hit it at this angle, it’s going to fall down,’ I wouldn’t second-guess it. He’s always right.”

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Cleveland Browns reach 3-year, $36.6 million deal with star RB Nick Chubb

The Cleveland Browns and star running back Nick Chubb have reached an agreement on a three-year, $36.6 million contract extension, a source told ESPN’s Adam Schefter on Saturday.

Chubb’s $20 million in guaranteed money is the seventh-highest total in the league among running backs. He will be a free agent again at age 29.

Chubb has been the backbone of the Cleveland offense the past two seasons, averaging 5.25 yards per carry during that span. In 2019, he came within 47 yards of besting Derrick Henry for the rushing title.

Last season, Chubb missed four games because of a knee injury, but he still concluded seventh in the league with 1,070 rushing yards.

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Proving to be one of the top closers in the league, Chubb led the NFL with an average of more than 10 yards per carry in the fourth quarter of games last campaign.

During Cleveland’s first playoff triumph in 26 years, Chubb delivered one of the game’s decisive plays, taking a screen pass 40 yards for a fourth-quarter touchdown, propelling the Browns to the 48-37 win in Pittsburgh.

Chubb, whom Cleveland selected out of Georgia in the second round of 2018 NFL draft, was entering the final season of his rookie deal.

“I think you all know the affinity that we have for him both as a player and as a person,” general manager Andrew Berry said when asked in the offseason about a potential Chubb extension.

“He has modeled that over the first three years of his career here. I think that is something that we certainly see every day and that you all can see externally.”

Last summer, the Browns extended Chubb’s backfield sidekick, Kareem Hunt, to a two-year extension worth $13.25 million, keeping Hunt under contract in Cleveland through the 2022 season.

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New England Patriots CB Stephon Gilmore reports to training camp

New England Patriots cornerback Stephon Gilmore, who had skipped June’s mandatory minicamp, reported to the team on Thursday, a source told ESPN’s Field Yates. Gilmore was subsequently placed on the active/physically unable to perform list due to a partially torn quad sustained in December.

While the majority of Patriots players report for training camp on Tuesday, quarterbacks and players recovering from injuries were booked to arrive Thursday.

There was a question whether Gilmore, the 2019 NFL Defensive Player of the Year, would report. He had stayed away from voluntary practices in the spring, as well as mandatory minicamp, while publicly expressing a desire for the team to upgrade his contract.

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Gilmore is scheduled to earn a base salary of $7 million in 2021.

The Patriots had advanced him $4.5 million of his 2021 salary last year, contributing to the under-market wage for this season.

Gilmore, who turns 31 in September, is in the final year of the five-year, $65 million contract he signed with the Patriots as an unrestricted free agent in 2017. The deal included $40 million in injury guarantees and $31 million fully guaranteed at signing.

At the time, a contract with those guarantees and an average of $13 million per season was viewed as a strong deal. The cornerback market has since exploded, with Jalen Ramsey of the Los Angeles Rams topping it with a contract averaging $20 million per season.

“I just want what I’m worth, however that plays out. Every player should be paid what they’re worth. That’s just how it is,” Gilmore told longtime NFL reporter Josina Anderson earlier in July.

Of his quad injury, Gilmore told Anderson: “I feel stronger than I’ve ever felt since the surgery. I’ve been running a lot, building full speed.”

Gilmore was one of eight players placed on the PUP list on Thursday, with quarterback Jarrett Stidham another notable player on the list.

Outside linebacker Chase Winovich, defensive tackle Byron Cowart, linebacker Terez Hall, tight end Dalton Keene, core special-teamer Brandon King and wide receiver Devin Smith were the other players placed on the PUP list.

Running back Rhamondre Stevenson (fourth round, Oklahoma), linebacker Cameron McGrone (fifth round, Michigan) and safety Joshuah Bledsoe (sixth round, Missouri) were rookies previously placed on the active/non-football injury list.

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Fred Warner, San Francisco 49ers agree on 5-year, $95 million extension

The San Francisco 49ers took care of their final piece of big offseason business Wednesday, agreeing to terms with Fred Warner on a contract that will make him the highest-paid off-ball linebacker in NFL history, sources told ESPN’s Adam Schefter.

Warner and the Niners agreed to a five-year, $95 million deal that contains $40.5 million guaranteed, sources told Schefter. The $19 million average annual value surpasses the previous high of $18 million per year held by Seattle Seahawks linebacker Bobby Wagner.

Warner’s $40.5 million is the second-highest guaranteed total for an off-ball linebacker, trailing only the New York Jets’ C.J. Mosley’s $51 million, according to ESPN Stats & Information.

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The deal comes six days before the 49ers are booked to report to training camp and 10 days before they start practice on July 31, which was always viewed as an unofficial deadline for Warner and the team to complete a deal.

Warner, 24, left little doubt that he wanted to get a deal done this past May during organized team activities, when he said he wants “to be a Niner for life.”

A third-round pick in the 2018 draft, Warner ranks seventh in the NFL in tackles (366) and is one of two players with 250-plus solo tackles (252) and 15-plus pass breakups (16) in that time, along with Wagner.

Warner ended last season with 125 tackles, a sack, a forced fumble, two fumble recoveries and two interceptions as he earned his first Pro Bowl and All-Pro nods along with the Niners’ two most prestigious team awards.

Warner joins tight end George Kittle and left tackle Trent Williams in landing record-setting contracts for their position in the past year.

Kittle re-signed just before last year’s training camp, and Williams agreed to his deal with the Niners in March.

Getting Warner’s deal done now also helps reset the market for his position, as the Indianapolis Colts’ Darius Leonard and Chicago Bears’ Roquan Smith are also due for lucrative extensions.

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Kansas City Chiefs re-sign defensive end Alex Okafor to 1-year deal

Veteran defensive end Alex Okafor has signed a one-year contract to return to the Kansas City Chiefs, just days before the first players start reporting for training camp.

The Chiefs did not disclose financial terms in announcing the deal Tuesday.

The 30-year-old Okafor has 30 sacks and 183 tackles in eight NFL seasons, including the past two with the Chiefs. He joined the club as a free agent from New Orleans in March 2019, signing a three-year, $18 million contract.

Okafor made an immediate impact in helping rebuild the Kansas City defense, recording five sacks and 21 combined tackles in 10 games. A torn pectoral muscle in Week 15 forced him to finish the season on injured reserve. He missed playing in the team’s triumph over San Francisco in Super Bowl LIV.

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The veteran signed a restructured contract in August 2020 that reduced his salary cap figure for that upcoming season by $2 million and voided the final year of his original three-year deal.

A hamstring injury limited Okafor to 11 games last season.

He finished with three sacks and 16 total tackles. He contributed in a backup role during the team’s playoff run, picking up five total tackles in three postseason contests, including one stop versus Tampa Bay in the team’s 31-9 loss in Super Bowl LV.

Okafor expects to compete for a backup role behind anticipated starters Frank Clark and Chris Jones as the team’s edge rushers. Competition at defensive end also includes veteran Taco Charlton, second-year pro Mike Danna and 2021 fourth-round draft pick Joshua Kaindoh.

Clark was charged in California with felony possession of an assault weapon stemming from a traffic stop in March. In June, he was arrested in Los Angeles after police said they saw a submachine gun in his car. Chiefs players begin reporting to training camp at Missouri Western State University in St. Joseph on Friday.

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Lionel Messi agrees Barcelona contract, accepts significant wage cut

Lionel Messi and Barcelona have reached an agreement for the forward to sign a new five-year deal with the Catalan club, sources have confirmed to ESPN. Sources added that Messi has accepted a significant wage cut to prolong his stay.

Messi was a free agent after his contract at Barca expired, and he had courted interest from Paris Saint-Germain and Manchester City since first revealing a desire to end his 20-year relationship with Barca last summer. The 34-year-old’s previous contract, which was worth over €500 million ($594m) over four years, expired at the stroke of midnight on June 30.

However, with the return of Joan Laporta as president in March, Messi grew more open to staying at Camp Nou. An official announcement is expected in the coming days. Laporta had hoped to finalize an agreement before Messi’s previous terms expired. Barca’s financial problems made that impossible, though, with their gross debt over €1 billion. Cutbacks have been essential, in terms of transferring players out, reducing the wage bill and getting Messi to accept a lower salary.

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La Liga president Javier Tebas has warned Barca they will not be permitted to register Messi’s new deal if they are unable to reduce spending to comply with the league’s Financial Fair Play rules. Barca’s spending limit has been reduced from over €600m to €347m since the coronavirus pandemic, with further reductions expected to be imposed for the upcoming season.

Therefore, to register Messi’s new deal, in addition to new signings Sergio Aguero, Memphis Depay, Eric Garcia and Emerson Royal, Barca need to continue reducing the wage bill and moving players on. With that in mind, sources at the club refuse to rule out the departure of Antoine Griezmann, a €120m signing in 2019.

Messi is on holiday with his family after his Copa America triumph with Argentina last weekend, which was his first senior trophy with his national team.

He will link up with Ronald Koeman’s squad later in the summer, with Barca’s league campaign kicking off on Aug. 15 versus Real Sociedad at Camp Nou.

Messi had first expressed a desire to leave Barca last August after the 8-2 defeat to Bayern Munich in the Champions League. His relationship with then-president Josep Maria Bartomeu had reached a breaking point.

In a September 2020 interview with Goal, after Barca had blocked his departure, Messi called Bartomeu a “liar” and said the board had been “making things up as they go along” and “plugging holes” for years.

Bartomeu, facing a vote of no confidence, resigned last October and was ultimately replaced by Laporta in March. Laporta has a good relationship with Messi and his family. He was Barca’s president when Messi made his first-team debut and when he signed his first professional contract with the club.

Sources told ESPN in April that Laporta was working on a contract renewal for Messi that included the option of playing in Major League Soccer before returning to Barcelona.

In public and in private, Laporta had always maintained that he was “convinced” he could persuade Messi to stay. The club have already made a series of signings this summer, bringing in Sergio Aguero, Memphis Depay and Eric Garcia, as well as recalling Emerson Royal.

Messi first joined Barca’s academy in 2000 and has gone on to play 778 games for the club, breaking Xavi Hernandez’s appearance record last season. He has scored 672 goals, another club record, and has helped Barca win, among other trophies, 10 La Liga titles and the Champions League on four occasions.

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