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LeBron James agrees to a 2-year extension with Lakers

On: July 4, 2024 By: admin

Los Angeles Lakers draft pick Bronny James, left, and his father, LeBron James, share a light moment as they arrive for the NBA basketball team’s news conference in El Segundo, Calif., Tuesday, July 2, 2024. (AP Photo/Damian Dovarganes)

LeBron James is making it official: He’s coming back for a record-tying 22nd season in the NBA, one where the league’s all-time scoring leader could share the floor with his son Bronny as teammates with the Los Angeles Lakers.

LeBron has agreed to a two-year contract to remain with the Lakers, a person with knowledge of the negotiations said Wednesday. The second year of the deal is at James’ option and means he could become a free agent again next summer, said the person, who spoke to The Associated Press on condition of anonymity because the agreement had not been announced publicly.

ESPN reported that the Lakers and LeBron’s agent, Klutch Sports CEO Rich Paul, may agree on a salary slightly less than the max that LeBron could have gotten — a move that could keep the team from reaching the second apron and preserve some roster flexibility going forward.

READ: Lakers coach JJ Redick still hopes to create great content with LeBron

Either way, the expectation is that James will make around $50 million — give or take a little bit — this coming season, pushing his career on-court earnings to around $530 million and making him the first player in NBA history to eclipse the $500 million mark.

It will be LeBron’s 22nd season in the NBA, tying Vince Carter for the league record. The Lakers selected Bronny James last week in the second round of the draft, putting them in position to have the first on-court father-son duo in NBA history.

Bronny James already has signed his first NBA contract, the Lakers announced Wednesday. It is a four-year deal, the last of those years at the Lakers’ option, worth $7.9 million — with about $1.2 million as his rookie year salary.

Getting his latest deal done clears one logistical hurdle for LeBron James: He needed a contract to be in place before he could take the floor with USA Basketball for the start of its training camp in Las Vegas this weekend, one where the squad will start preparations for the Paris Olympics. James will play in the Olympics for the fourth time, his first since helping the U.S. win gold at the 2012 London Games.

READ: NBA: Bronny James says he can handle playing with LeBron, Lakers

He’ll turn 40 in December and averaged 25.7 points, 7.3 rebounds and 8.3 assists last season — as the oldest active player in the league.

Not only is James the all-time leader in points (40,474), but he’s fourth in assists (11,009), sixth in games played (1,492) and eighth in both 3-pointers made (2,410) and steals (2,275).

His 20 All-Star selections is a record, as are his 20 appearances on the All-NBA team. He holds the records for being both the youngest player, and oldest player, to make an All-NBA squad.

James became the youngest to make All-NBA when he was voted onto the team for the 2004-05 season. This past season, he became the first player to be age 39 or older in what became an All-NBA campaign.

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Kareem Abdul-Jabbar and Tim Duncan were both just a few days from turning 39 when the regular seasons ended in what became their final All-NBA campaigns, Abdul-Jabbar’s being 1985-86 and Duncan’s being 2014-15. James played in 71 games this past season, the last 42 of those coming after he turned 39.

NBA: Cavs’ Donovan Mitchell agrees to a 3-year, $150.3M extension

On: July 3, 2024 By: admin

Cleveland Cavaliers’ Donovan Mitchell reacts after a basket against the Boston Celtics during the first half of Game 3 of an NBA basketball second-round playoff series Saturday, May 11, 2024, in Cleveland. (AP Photo/Sue Ogrocki)

CLEVELAND — Donovan Mitchell isn’t taking his talents anywhere. Not yet, anyway.

The five-time NBA All-Star guard has agreed to a three-year, $150.3 million contract extension with the Cleveland Cavaliers, a person familiar with the decision told The Associated Press on Tuesday.

Mitchell’s choice to commit to the Cavaliers had been expected for some time. Still, there was plenty of anxiety inside Cleveland’s fanbase, which cannot forget LeBron James leaving the franchise as a free agent in 2010 for Miami.

The 27-year-old Mitchell spent much of this past season saying he’s happy playing with Cleveland, which acquired him in a 2022 trade from Utah. The Cavs have made the playoffs in both seasons with Mitchell, one of the league’s best all-around guards.

He agreed to the extension in Los Angeles over the weekend, according to the person, who spoke to the AP on condition of anonymity because the NBA prohibits deals from being announced until its moratorium ends on Saturday. ESPN was first to report Mitchell’s agreement.

READ: NBA: Kenny Atkinson confident Cavaliers can take next step

The extension includes a $54 million player option for the 2027-28 season, the person said. Mitchell was under contract for one more season. Technically, Mitchell’s new deal means he can become a free agent in three years, raising the Cavs’ urgency to compete for a title.

The new deal also allows Mitchell to reach a 10-year criteria, making him eligible for a next extension worth $380 million.

Shortly after word of Mitchell’s extension emerged, he posted a video on social media from the film “The Wolf of Wall Street” in which actor Leonardo DiCaprio profanely announces to his colleagues, “I’m not leaving.”

Mitchell also went on Instagram to reiterate his commitment to Cleveland with a video of him driving and discussing his extension.

“All year I’ve been saying the same (stuff),” Mitchell said while driving. “I’m saying how much I like it every day. It’s like, ‘Oh, he going to do this. He going to do that.’ I don’t get it. I don’t understand it. I think it’s hilarious.

READ: NBA: Donovan Mitchell’s future bigger priority for Cavaliers

“It’s what it is, but I’m glad I got this (stuff) done, man. Glad I got this (stuff) done in Cleveland. Now to get focused. You know what I’m saying? Let’s get to it.”

Mitchell was in LA hosting his “Spida Elite” basketball camp for some of the nation’s top high school guards. He was visited by Cavs president of basketball operations Koby Altman and Cavs coach Kenny Atkinson, who was formally introduced by the team at a news conference on Monday.

Atkinson, who was Golden State’s top assistant the past three seasons, said he and Mitchell chatted mostly about family during their time together. Altman said Mitchell reaffirmed his commitment to the Cavs.

“We feel good about Donovan,” Altman said Monday. “He’s in a great space mentally. He’s healthy. Really enjoyed the fact that him and Kenny could sit down and talk about the future, talk about the team.

“He’s invested. He’s really invested in what we’re doing. Hopefully soon we’ll have more of a decisive answer on that for you, but he’s been great. He’s been super involved and super collaborative and very, very much pro-Cleveland.”

The Cavs’ bold move — they traded three unprotected first-round picks, forward Lauri Markkanen and guard Collin Sexton to Utah — to get Mitchell two years ago was a surprise.

It appeared he was on his way to play for his hometown New York Knicks before Cleveland swooped in. Mitchell’s arrival accelerated the Cavs’ rebuild, which began when James left as a free agent for the second time in 2018 for the Lakers.

Mitchell averaged 26.6 points, 6.1 assists and 5.1 rebounds this past season, but he was limited to just 55 games because of a left knee injury. Mitchell was slowed by the injury in the playoffs and pushed through before sitting out Cleveland’s final two games in the Eastern Conference semifinals with a calf injury.

The Cavs were eliminated in five games by the eventual champion Boston Celtics and fired coach J.B. Bickerstaff a week later.

In two seasons with Cleveland, Mitchell has averaged 27.5 points, 5.2 assists and 4.6 rebounds. He scored a career-high 71 in his first season in a game against Chicago.

Atkinson understands his charge is to get the most out of Cleveland’s “Core 4” of players — Mitchell, guard Darius Garland, forward Evan Mobley and center Jarrett Allen. He also believes there’s another level to Mitchell’s game and wants to make him one of the league’s top five players.

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“Why not?” Atkinson said. “With the skill level and the athleticism and the human being, I don’t see why we can’t.”

Donovan Mitchell, Cavaliers agree to 3-year extension

On: July 2, 2024 By: admin

FILE – Cleveland Cavaliers’ Donovan Mitchell (45) celebrates an offensive foul against the Orlando Magic during the second half in Game 1 of an NBA first-round playoff series, April 20, 2024, in Cleveland. (AP Photo/Nick Cammett, File)

CLEVELAND— Donovan Mitchell isn’t taking his talents anywhere. Not yet, anyway.

The five-time All-Star guard has agreed to a three-year, $150.3 million contract extension with the Cleveland Cavaliers, a person familiar with the decision told The Associated Press on Tuesday.

READ: NBA: Donovan Mitchell’s future bigger priority for Cavaliers

The new deal also allows Mitchell to reach a 10-year criteria, making him eligible for a next extension worth $380 million.

READ: NBA: Cavaliers owner thinks Donovan Mitchell will ink long-term deal

The Cavs’ move to get Mitchell two years ago was a surprise. It appeared he was on his way to play for his hometown New York Knicks before Cleveland swooped in. Mitchell’s arrival accelerated the Cavs’ rebuild, which began when James left as a free agent for the second time in 2018 for the Lakers.

The Cavs were eliminated in five games by the eventual champion Boston Celtics and fired coach J.B. Bickerstaff a week later.

In two seasons with Cleveland, Mitchell has averaged 27.5 points, 5.2 assists and 4.6 rebounds. He scored a career-high 71 in his first season in a game against Chicago.

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“Why not?” Atkinson said. “With the skill level and the athleticism and the human being, I don’t see why we can’t.”

Celtics’ Jayson Tatum agrees to 5-year, $314M extension

On: July 2, 2024 By: admin

Boston Celtics forward Jayson Tatum, left, celebrates next to Celtics co-owner Stephen Pagliuca, right, near the Larry O’Brien Championship Trophy after the Celtics won the NBA championship with a Game 5 victory over the Dallas Mavericks on Monday, June 17, 2024, in Boston. (AP Photo/Charles Krupa)

Jayson Tatum is the newest member of the NBA’s $300 million club.

The Boston Celtics star has agreed to a five-year, $314 million contract extension to remain with the reigning NBA champions, a person with knowledge of the situation told The Associated Press on Monday.

The new pact will begin with the 2025-26 season and keep the five-time All-Star in Boston through 2029-30 season, according to the person who spoke on the condition of anonymity because it has not been announced.

The Athletic and ESPN were first to report the deal.

READ: NBA: Jayson Tatum says past pain inspired Boston Celtics

When completed Tatum’s new, supermax contract will become the largest in NBA history, supplanting the one signed last offseason by teammate Jaylen Brown, when he inked a five-year deal that will pay him up to $304 million.

Tatum averaged 26.9 points, 8.1 rebounds, 4.9 assists and shot 47% from the field in earning All-NBA first-team honors for the third consecutive season. Those numbers grew to 25 points, 9.7 rebounds and 6.3 assists per game during a playoff run in which he eclipsed 30 points six times, including 31 in their championship-clinching Game 5 win over the Dallas Mavericks.

He will look to add to his hardware this summer as a member of the U.S. men’s basketball team when it attempts to capture its fifth consecutive gold medal. Tatum previously won a gold medal at the Tokyo Olympics in 2021.

READ: NBA: Jayson Tatum reflects on how being a dad changed his life, career

News of Tatum’s deal came on the same day that fellow Celtics starter Derrick White reportedly agreed to a four-year, $126 million extension. All five of Boston’s starters –- Tatum, Brown, White, Jrue Holiday and Kristaps Porzingis — were already under contract for next season. With Tatum and White’s new agreements they now all could be together through at least the 2025-26 season.

The deal also came on the heels of the Celtics ownership group, led by Wyc Grousbeck, announcing its plans to sell all of its shares by 2028.

Barring any significant roster changes, Boston is expected to have a combined payroll and luxury tax that will exceed $400 million when Tatum’s contract takes effect.

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Raptors, Scottie Barnes agree on $225M extension

On: June 25, 2024 By: admin

FILE – Toronto Raptors forward Scottie Barnes dunks during the second half of an NBA basketball game against the Washington Wizards, March. 4, 2023, in Washington. Barnes and the Raptors have agreed to terms on a max extension, one that will be worth about $225 million over five years and could reach about $270 million if he meets supermax criteria, a person with knowledge of the deal said Monday, June 24, 2024. (AP Photo/Terrance Williams, File)

Scottie Barnes and the Toronto Raptors have agreed to terms on a max extension, one that will be worth about $225 million over five years and could reach about $270 million if he meets supermax criteria, a person with knowledge of the deal said Monday.

Barnes intends to sign the contract shortly after the league’s moratorium on signings is lifted July 6, said the person, who spoke to The Associated Press on condition of anonymity because the deal cannot be announced by NBA rule until that time.

It would begin in the 2025-26 season, with a starting salary of about $39 million and reaching about $51 million in 2029-30 — unless he qualifies for a supermax contract next season, and then the numbers would get even higher.

READ: Trae Young, Scottie Barnes injury replacements for NBA All-Star

Barnes will make about $10 million this coming season, the last of his rookie deal.

He clearly is the player that the Raptors will build around over the coming years. He was the NBA’s rookie of the year in 2021-22, was an All-Star for the first time this past season and has seen consistent jumps in his numbers. He averaged 19.9 points, 8.2 rebounds and 6.1 assists this past season, all career bests.

In his three-year pro career, the forward from Florida State is averaging 16.6 points, 7.4 rebounds and 4.7 assists. He was the No. 4 overall pick in the 2021 draft.

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Timberwolves coach Chris Finch gets contract extension

On: June 25, 2024 By: admin

Minnesota Timberwolves head coach Chris Finch listens during a news conference after Game 2 of the NBA basketball Western Conference finals, Friday, May 24, 2024, in Minneapolis. (AP Photo/Bruce Kluckhohn)

The Minnesota Timberwolves took care of one bit of business before the NBA draft and free agency begin by signing coach Chris Finch to a four-year extension that will run through the 2027-28 season.

It marks the third contract Finch has signed since becoming head coach in February 2021. On Finch’s watch, the Wolves have made the playoffs in three consecutive seasons and are coming off their first appearance in the NBA Western Conference finals since 2004.

Financial terms were not disclosed. The NBA draft is Wednesday and Thursday before free agency negotiations start this weekend.

“I’d like to thank [owner] Glen [Taylor], Becky [Taylor], and the entire organization for their continued support and commitment to me and the team,” Finch said in a statement. “I’m proud of the way we’ve been able to establish a great culture here with the Timberwolves and I look forward to continuing to lead this organization and make our fans proud.”

Finch is the second-winningest coach in franchise history, behind Flip Saunders, with a record of 160-127. His winning percentage of .557 is the best of any coach in franchise history.

READ: Timberwolves advancing further in NBA playoffs comes with cost

He previously signed an extension toward the end of the 2021-22 season. Finch finished third in this season’s Coach of the Year voting as the Wolves finished third in the Western Conference, and he has made an unconventional frontcourt of both Karl-Anthony Towns and Rudy Gobert work while overseeing Anthony Edwards’ ascension into an All-NBA player. Finch also coached the Western Conference in this season’s All-Star Game.

Finch coached the last two rounds of this season’s playoffs after rupturing his patellar tendon in Game 4 of the team’s first-round series against Phoenix when point guard Mike Conley collided with him on the sidelines. Finch sat behind the bench or off to the side as assistant Micah Nori, who has interviewed for multiple head coaching jobs this offseason, roamed the sidelines.

Finch developed his reputation as a great offensive assistant coach in Houston and New Orleans before Gersson Rosas hired him to succeed Ryan Saunders in February 2021. But Finch oversaw the league’s No. 1 defense this season.

Finch has worked in unusual circumstances in his first four seasons as coach, as he has had three different bosses running basketball operations for the Wolves during his tenure — Rosas; executive vice president Sachin Gupta, who was the interim president after Rosas’ firing, and President of Basketball Operations Tim Connelly for the past two seasons. Connelly and Finch previously worked together in Denver, where Finch was an assistant.

READ: NBA: Timberwolves coach Chris Finch to have knee surgery

Despite criticism last season as the Wolves struggled in the first season after the Gobert trade, Connelly never wavered in his commitment to Finch and often referred to him as an “elite” coach.

“Chris is a wonderful coach, and an even better person,” Connelly said in a statement. “We are thrilled that he is being rewarded with a well-earned extension. Under his guidance the team has improved every year, he’s the perfect leader for our organization.”

Connelly recently restructured his deal to push back a buyout in his contract until after next season as the ownership situation between Taylor and Alex Rodriguez and Marc Lore plays out in arbitration over the next few months.

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